[Jerseee]

I believe this is the appropriate forum to post this.


fellow redemptors have had lots of questions about BoEs and CPNs in other forums.& Well as we all know there is no money.& Those dollars in your pockets are CPNs basically.& that's it, they are just promises to pay.& A form for bankers and accountants to use to transfer digits from one column to another in their ledgers.& Here is a direct quote from the book "Modern Money Mechanics" that the IRS published years ago that is now out ot print...


"Money has been defined as the sum of transaction accounts in depository institutions, and currency and travelers checks in the hands of the public. Currency is something almost everyone uses every day. Therefore, when most people think of money, they think of currency. Contrary to this popular impression, however, transaction deposits are the most significant part of the money stock." "Since the most important component of money is transaction deposits, and since these deposits must be supported by reserves, the central bank's influence over money hinges on its control over the total amount of reserves and the conditions under which banks can obtain them."& pg. 14 Modern Money mechanics
This is all about the control of the deception folks!


If you look at your dollars you will see that they are negotiable instruments.& What are negotiable instruments?&


"Negotiable instruments can be defined as a signed writing that contains an unconditional promise or order to pay an exact sum of money on demand or at a specified future time to a specific person.& A negotiable instrument can function in two ways:& 1. as a substitute for money& 2. as an extension of credit."


The UCC defines what a negotiable instrument is as well (3-104(b)).


Now think about your exemption.& Your exemption is your credit.& Which is unlimited.& You can grant the use of your credit to anyone, any business or even any government entity.& It is <U>YOUR</U> credit since there is no lawful money.& Remember, congress can only coin money not print it!
They are printing money up and paying people with what comes off the presses that they use.& So in essence the government has an exemption as well and they use it everyday.& But if you or I printed our own dollars, you would be guilty of counterfeiting.& But my opinion is that the FED has a copyright on the form and the exact specifications of their federal reserve notes.& So they file a claim against you for violation of their copyright (IMHO).
Now what makes an instrument negotiable?


Well there are six elements that are needed to make it negotiable and they are:


1. be in writing
2. be signed by the maker or drawer
3. be an unconditional promise or order to pay
4. state a fixed amount of money
5. be payable on demand or at a definite time
6. be payable to order or to bearer, unless its a check


Anything can be a negotiable instrument as long as these guidelines are followed.& But the 5 common types are:


1. promissory notes
2. checks
3. cretificates of deposit (CDs)
4. drafts (Bills of Exchange - BoE)
5. Bonds


So now that you know the elements of a negotiable instrument, the public law that allows you to create a negotiable instrument and that you are the creditor--you can see the power that you have to create and eliminate debt.&


Whenever you use a BoE or CPN, you should have a presentment or bill attached to it.& This shows proof of the debt and authorizes your trustee to discharge the debt using your exemption and signature as consideration.& Remember, it was your signature that created the debt/obligation in the first place.


This is what I have learned in my studies and by questions that I have fielded to financial professionals that did not give me a straight answer but just smiled most of the time as a response.