A regular deposit of lawful money.

[allodial]

At the end of the day, I received Obligations of the UNITED STATES and not Obligations of ROCK JOHNSON.

The point is, regardless of what I've received, I haven't bonded myself to credit. The UNITED STATES has already done that, so I choose to leave the obligation with the US.

There is merit that one's intent or take on the deal is important because of the requirement for there to be a 'meeting of the minds' with respect to contracts. The UCC is subordinate to 'contract law'.

[RThomas]

At the end of the day, I received Obligations of the UNITED STATES and not Obligations of ROCK JOHNSON.

The point is, regardless of what I've received, I haven't bonded myself to credit. The UNITED STATES has already done that, so I choose to leave the obligation with the US.

Rock Anthony,

Sec. 411. Issuance to reserve banks; nature of obligation;
redemption

Federal reserve notes, to be issued at the discretion of the Board
of Governors of the Federal Reserve System for the purpose of making
advances to Federal reserve banks through the Federal reserve agents as
hereinafter set forth and for no other purpose, are authorized. The said
notes shall be obligations of the United States and shall be receivable
by all national and member banks and Federal reserve banks and for all
taxes, customs, and other public dues.

[Guest]

At the end of the day...

Rock Anthony,

Sec. 411. Issuance to reserve banks; nature of obligation;
redemption

Federal reserve notes, to be issued at the discretion of the Board
of Governors of the Federal Reserve System for the purpose of making
advances to Federal reserve banks through the Federal reserve agents as
hereinafter set forth and for no other purpose, are authorized. The said
notes shall be obligations of the United States and shall be receivable
by all national and member banks and Federal reserve banks and for all
taxes, customs, and other public dues.Exactly! The United States is obligated to pay the debt of those notes. After all, it was the United States that incurred the debt to begin with.Not an 'endorsement', rather a non-endorsement! I accept notes for which the United States is obligated to pay the debt - not notes for which I am obligated to pay.

At the end of the day, it is ROCK JOHNSON (a US Person) that is accepting the debt obligations. Then Rock Anthony exchanges those obligations of the US for food at the groceries store.No. I said (perhaps not clearly in my previous post) that the United States bonds itself [not me] to the notes. And in my dealings with the commercial banks, I avoid bonding myself to credit that is created by the banks. At the end day I receive notes that are obligations of the United States - why the heck would I bond myself to newly created bank credit, thereby establishing obligations for myself, when there already exits credit that is bonded by the United States, aka 'lawful money'?

There is bonded credit already available. I receive and use what is already there. Therefore I avoid bonding myself to new credit, which would incur obligations for myself.

How money is created.

See step number five in the image that is on the other side of the above link. "These checks are dispersed throughout the country, endorsed by the recipients, and deposited into the banks."

Not endorsed by me, nor by ROCK JOHNSON!

Thanks, RThomas. I absolutely appreciate that you accept nothing posted in these forums at face value.

I hope that within this post I did a better job of explaining myself.

Regards,
Rock Anthony

[RThomas]

[Guest]

Nope. What I'm saying is that I never endorse their credit.

Your observations are leading to more and more insight. However, my main concern is whether or not I'm bonded to credit. I choose not to be bonded.

I'm convinced that the signature endorsement of credit is what perfects the bonding process - not the mere acceptance of FRNs.

[allodial]

For those who need the enlightment: endorser = surety.

[RThomas]

[RThomas]

For those who need the enlightment: endorser = surety.

This one sees that endorsement can equal surety. This one sees endorsement as a jurisdictional grant by the endorsee. It can be general (i.e. unlimited) or specific (i.e. limited). What this one does not see is that accepting and using camel codes is the best way to get the camel out of the tent. One may believe that he can control the camel and live with the camel in his tent, but enlightened ones know that camels and their codes belong outside of the tent.

RThomas

[allodial]

This one sees that endorsement can equal surety. This one sees endorsement as a jurisdictional grant by the endorsee. It can be general (i.e. unlimited) or specific (i.e. limited). What this one does not see is that accepting and using camel codes is the best way to get the camel out of the tent. One may believe that he can control the camel and live with the camel in his tent, but enlightened ones know that camels and their codes belong outside of the tent.

RThomas

For those who need the enlightment: endorser = surety.

Clarification and correction: "For those who need the enlightenment, in MANY, IF NOT ALL, THEIR treatises an 'endorser' on a bill of exchange is regarded to be a 'surety."

[RThomas]

Clarification and correction: "For those who need the enlightenment, in MANY, IF NOT ALL, THEIR treatises an 'endorser' on a bill of exchange is regarded to be a 'surety."

That is perfect!

[allodial]

That is perfect!

However if you ever sit down to play a game of Chess with someone it might just be a good idea to make it known up front (or at some point along the way) that for you, say, a "knight piece" gets to do anything that a "Queen piece" gets to do. The flag flying on a bank's parking lot in the bank's lobby is intended to be a notice to you from them as to the 'rules' they are 'playing' by. As far as THEY are concerned, you have been given notice. Did you give them notice?

[RThomas]

However if you ever sit down to play a game of Chess with someone it might just be a good idea to make it known up front (or at some point along the way) that for you, say, a "knight piece" gets to do anything that a "Queen piece" gets to do. The flag flying on a bank's parking lot in the bank's lobby is intended to be a notice to you from them as to the 'rules' they are 'playing' by. As far as THEY are concerned, you have been given notice. Did you give them notice?

This one sees endorsement as a jurisdictional ‘notice’. That is the substance of this thread. This one is seeking to perfect that. This one sees their rules as their rules for them. The rules between them and this one would be in the agreements signed at the opening of any account and any subsequent novation via endorsement.

RThomas

[allodial]

This one sees endorsement as a jurisdictional ‘notice’. That is the substance of this thread. This one is seeking to perfect that. This one sees their rules as their rules for them. The rules between them and this one would be in the agreements signed at the opening of any account and any subsequent novation via endorsement.

RThomas

If, for example "U.S. citizen" means to Bob a sovereign among sovereigns, one of the posterity of the sovereign people which established The United States of America then Bob might do well to make, say, a certificate of facts as to that meaning. I know someone that when the established a bank account for a company they gave the 'bank officer' a letter indicating their intent and that also included a reservation of rights. If you have an interpretation of the terms of the bank agreement, it might help to make your interpretation known to them by notice.

[allodial]

The teller would say, this is not the signature on your Signature Card and I would say, Let me correct the Signature Card.

At one point does staffing police departments and bank lobbies with incompetents indoctrinated with fluff become a crime?

[Guest]

You're dishing out the homework assignments. I'll try not to get a failing grade.

I'll respond to your points later on today this week. Thanks, RThomas.