Banks, Collectors, and CRAs Discuss the elimationa of secured and unsecured "debt", as well as tactics for dealing with debt collectors and credit reporting agencies.


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  #91  
Old 05-29-2008, 05:25 PM
Shoonra Shoonra is offline
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Quote:
Originally Posted by breal
CAN I ELIMINATE MY DEBT WITHOUT GOING THROUGH THE REDEMPTION PROCESS?

Yes. It's called paying the money. It uses legal tender or regular checks or money order that can and will obtain legal tender.

An alternative is going into bankruptcy, but that has some limitations and other drawbacks.
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  #92  
Old 05-29-2008, 07:15 PM
breal breal is offline
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You dont have a clue

Quote:
Originally Posted by Shoonra
Yes. It's called paying the money. It uses legal tender or regular checks or money order that can and will obtain legal tender.

An alternative is going into bankruptcy, but that has some limitations and other drawbacks.

Have you ever read Modern Money Mechanics???? Do you even know how the banking system works????

DUHHH! Obviously I know that I can "pay the money"!! Thats the whole point the banker never loaned me any money, so why would I pay it back?? Also, if I were to pay off my mortgage I would own NOTHING!!!

If you think you can only get rid of debt by paying it off or filling bankruptcy then why are you making posts on this website??

Why not hang out at other forums full of skeptical slaves ??
Do some research before you write about things that are beyond your comprehension and let someone who actually knows the truth answer my questions.

Stop responding to my posts with S**T I already learned in PUBLIC SCHOOL!!
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  #93  
Old 05-29-2008, 07:23 PM
indio007 indio007 is offline
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Quote:
Originally Posted by Shoonra
Yes. It's called paying the money. It uses legal tender or regular checks or money order that can and will obtain legal tender.

An alternative is going into bankruptcy, but that has some limitations and other drawbacks.

Some Simple questions.
If I admit sending you an a piece of paper that says I.O.Shoonra $5 and Shoonra accepts and sign it. is that legal tender?
Is it legally enforceable in court?

Under advisement from good people, it is wise that I tone down the details of "personal" experiences.

But to Shoonra: there was plenty of resistance until it got to legal/accounting departments/ I could write a short story about the various verbal gynastics these companies attempt

Here's my favorite letter from a certain legal department.

We do not except vouchers as payment.

except = exclude
Read it again.

We do not exclude vouchers as payment.

Of course it may be just a typo and they meant "accept". lol
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  #94  
Old 05-29-2008, 10:21 PM
breal breal is offline
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Question for Indio007??

Quote:
Originally Posted by indio007
FRN's are legal tender but they are not the only legal tender. FRN's can be refused for payment just like any other negotiable instrument, and just like any other instrument, if tender is refused there is discharge. A promissory note tendered for bank credits is legal tender. The issuer is the one who signed for accommodation and look liability for the instrument. It is the issuer's currency. So quite obviously the transaction is an exchange of money of account that is converted from one issuance of private currency for another issuance of private currency.

BTW it does work. Since April 10, I've discharged $18000 (that we have hard evidence of ...some of the items are still pending) in debt for a friend and she has the account statements to prove it. I don't think accepted for value alone does the trick though even though that makes the acceptor the holder-in-due course. You need to make the instrument payable somewhere.

I know this works for one reason. I'm doing it and I see the zero balances.

I would be so grateful if you could send me the forms you are using and a general overview of how to complete the process?

Does this method of debt elimination have anything to do with the redemption process? I keep hearing that there is no need to use the redemption process to eliminate debt? DOES ANYONE KNOW??? CAN I ELIMINATE MY DEBT WITHOUT GOING THROUGH THE REDEMPTION PROCESS????????????????

IF SO.........HOW!!!!!!!!!!!!!!!!!!

I would appreciate it if you would let Indio007 respond to this.............I do not care what you think SHOONRA
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  #95  
Old 05-29-2008, 11:25 PM
Pastor Mike Pastor Mike is offline
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On track

Do you all remember when you discovered that there was a strawman? Perhaps it is far to elemental but is there a way to respond to the initial question in a fashion that would educate the real man? Perhaps sharing the vast lessons and the location of the information to study so that the poor soul trying to get help with the redemption process might actually feel like he is getting help. Or is the forum just to show how much we have learned?
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  #96  
Old 05-29-2008, 11:27 PM
indio007 indio007 is offline
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Quote:
Originally Posted by breal
I would be so grateful if you could send me the forms you are using and a general overview of how to complete the process?

Does this method of debt elimination have anything to do with the redemption process? I keep hearing that there is no need to use the redemption process to eliminate debt? DOES ANYONE KNOW??? CAN I ELIMINATE MY DEBT WITHOUT GOING THROUGH THE REDEMPTION PROCESS????????????????

IF SO.........HOW!!!!!!!!!!!!!!!!!!

I would appreciate it if you would let Indio007 respond to this.............I do not care what you think SHOONRA


There is a pdf called Zero the Account which will point you in the right direction. It isn't the silver bullet but close. Someone could do everything for you but ultimately your going to have to take liability and if you don't understand administrative process, issuing currency , money of account , money of exchange, debt instruments, discharge, and especially bankruptcy, and trustee/beneficiary relationships your results will be unpredictable and haphazard.

That being said you don't need zero the account unless you want to refund your credit. UCC 3 has your remedy for your strawman in regards to commercial paper. It is against public poliicy to require a debt to be paid in a particular currency. Any currency can be denied on a direct sale but not on a standing debt.

Think about it like this , if promises to pay or orders to pay are considered money, how difficult is it to make a promise to pay?
It's monetized debt. That means debt instruments are money. You have debt instruments are coming in the mail everyday probably. The fact is most people do their accounting incorrectly. Every time a debt is discharged it is gross income. Every bill you ever paid in your life you should have claimed as gross income.

http://www.law.cornell.edu/uscode/26...1----000-.html

Quote:
§ 61. Gross income defined
How Current is This?
(a) General definition
Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items: ....
.........
(12) Income from discharge of indebtedness;
Now ask yourself ,how , after everything you learned from public skools could paying bills be income?
At law , only substance or money of exchange is payment. Debt instruments discharge debt (personal debt) into a future time. That future time is when that fiat currency is actually redeemed for substance or money of exchange (basically a claim ticket to substance i.e. gold certificate). As much as I'd like to give detailed instructions and explanations and verifiable proof it is not safe for either of us to have such an exchange publicly or privately all I can say is the info is out there in the open. What is money , what gives it it's character and form, who owns a particular issuance of currency and how it is converted to other issuances of currency is the only question you need answers too.
UCC 3 is a good place to start.
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  #97  
Old 05-30-2008, 07:17 PM
breal breal is offline
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where can I find those?

Quote:
Originally Posted by indio007
There is a pdf called Zero the Account which will point you in the right direction.
There we go, I found it.

Last edited by breal : 06-02-2008 at 08:54 PM.
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