Debt Elimination Process

In our society today, due to the major Bankruptcy in 1933 [look up “HJR 192”], all “money” is debt, not assets. It is even printed right on the front of all Federal Reserve Notes: “This Note is Legal Tender For All Debts, Public And Private.”

In the past, US Dollars were actually based on Gold or Silver and were merely a receipt which could be exchanged for this real money of substance.

So now, you have realized that no asset of any value was loaned to you. What is really happening is that your signature on a loan application is what authorized the bank to access your own credit, which is unlimited in your lifetime, based off your birth certificate (which is a bond).

Credit is created through bonds, promises to pay, and based on the commercial energy of the living person whose autograph/signature is affixed to the document. Strictly speaking, when you sign the loan application, you are placing a lien on the birth certificate — which is an asset and also the Title to your body or physical person. You are an asset and you are the source of the money. The piece of paper with your signature is now a security and has value. You are exchanging that note (an asset) for debt (as “Credit”).

The banks only deal in Credits and Debits based on book entries. Look in your online banking or paper statements — the only two ledgers you see are “Debits” and “Credits.” Nowhere does it say “Money.”

In addition, it is now public policy (Public Law 7310) that the “payment of debt” is now against Congressional and “public policy” and henceforth, “Every [debt] obligation… Shall be discharged.” What this means is that you can send your bills to the United States Treasury or the IRS (their auditor), and they will discharge or “set off” your debt with your unlimited credit. This process is called “Accepted for Value.” However, for the majority of people, this procedure is not recommended until one recognizes the inherent power that they have and is responsible enough to do the procedure effectively.

As a result of HJR 192, from June 5, 1933 forward, no one in this nation has been able to lawfully pay a debt or lawfully own anything. The only thing one can do is tender in transfer of debts, with the debt being perpetual. This substance was replaced with a “PUBLIC NATIONAL CREDIT SYSTEM” where debt is “LEGAL TENDER” money. The Federal Reserve calls it “monetized debt.”

• How Money Is Created (Video)
• House Joint Resolution 192 (1933) / Public Law 7310

For Demand or Proof of the Debt, the banks have never responded to our inquiry properly. Therefore they consent to our Affidavit of Facts and our New Contract.

“If only one side of the conflict was supported by affidavit, our task would be relatively easy, for we may not assume the truth of allegations in a pleading which are contradicted by affidavit.” — Taylor v. Portland Paramount Corp., 383 F.2d 634, 639 (9th Cir. 1967).

“Where affidavits are directly conflicting on material points, we do not see how it is possible for the district judge to ‘weigh’ the affidavits in order to resolve disputed issues. Except in those rare cases where the facts alleged in an affidavit are inherently incredible, the district judge has no basis for a determination of credibility.” — Data Disc, Inc. v. Systems Technology Associates, Inc., United States Court of Appeals, Ninth Circuit, July 13, 1977.

This International Commercial Law basically shows that a debt is considered discharged if the debt collector / original “Creditor” fails to reply and rebut your Affidavit of a Zero Balance. This is yet another process we use to demand proof of any authentic debt, which the banks/debt collectors never properly respond to.

U.C.C. Article 9 § 210

(1) A debtor may sign a statement indicating what he believes to be the aggregate amount of unpaid indebtedness as of a specified date and may send it to the secured party with a request that the statement be approved or corrected and returned to the debtor.

(2) The secured party must comply with such a request within two weeks after receipt by sending a written correction or approval. If the secured party without reasonable excuse fails to comply, he is liable for any loss caused to the debtor thereby. If he no longer has an interest in the obligation or collateral at the time the request is received, he must disclose the name and address of any successor in interest known to him.

(3) A debtor is entitled to such a statement once every six months without charge. The secured party may require payment of a charge not exceeding $10 for each additional statement furnished.

• UCC 9-208 — Cornell Law

More public law to support consumers and our efforts at validating the debt.

§ 809. Validation of Debts [15 U.S. Code § 1692(g)]

(a) Within five days after the initial communication with a consumer in connection with the collection of any debt, a debt collector shall send the consumer a written notice containing:

• The amount of the debt
• The name of the creditor to whom the debt is owed
• A statement that unless the consumer, within thirty days after receipt of the notice, disputes the validity of the debt, the debt will be assumed to be valid by the debt collector
• A statement that if the consumer notifies the debt collector in writing within the thirty-day period that the debt is disputed, the debt collector will obtain verification of the debt and mail it to the consumer
• A statement that, upon the consumer’s written request within the thirty-day period, the debt collector will provide the name and address of the original creditor

(b) If the consumer notifies the debt collector in writing within the thirty-day period that the debt is disputed, the debt collector shall cease collection of the debt until verification is obtained and mailed to the consumer.

(c) The failure of a consumer to dispute the validity of a debt under this section may not be construed by any court as an admission of liability by the consumer.

• Full FDCPA Text — FTC.gov

This explains how we get the companies to “agree” with our new contract that the debt is settled/discharged/zeroed out.

Definition of “Tacit Acquiescence”: Conduct recognizing the existence of a transaction and intended to permit the transaction to be carried into effect; a tacit agreement; consent inferred from silence.

For example, a new beer company submits a proposed label to its competitor’s general counsel, who does not object to its use. The new company registers the label as a trademark and uses it on the market. The competitor does not file any objection. Several years later the competitor sues — but a court will refuse the accounting, since by its acquiescence the competitor tacitly approved the use of the label.

Similarly, the IRS may acquiesce or refuse to acquiesce to an adverse ruling by a lower federal court. Acquiescence relates to inaction during the performance of an act — it is not the same as Laches, which is the failure to do what the law requires to protect one’s rights.

• Legal Definition of Acquiescence — FreeDictionary

You have already probably received “New Terms” for your credit card, or notices of new terms for collecting unemployment amounts or social security amounts, etc. Any contract can change — and this is supported and agreed by the other party if they do not respond in order to re-negotiate those proposed new terms. Within 72 hours (actually 10 days — for mail to go to and fro), a new contract is agreed upon if you fail to respond.

However, our process is allowed to change old contracts using another concept called Nunc pro tunc — Latin for “Now For Then.” Any contract can move or be changed.

Basically, we just want you to understand that we are moving the contract from what was once an agreed-upon obligation (because of your conduct — you were paying it, weren’t you?!) — to now being an unsubstantiated or frivolous claim that has been rebutted by law.

This explains the actual paperwork “Process” that our members often use.

Within the Uniform Commercial Code (UCC) is a process called a “Notary Certificate of Default Method” (Notary COD method). This has generally been used by banks in their commercial transactions, but more recently has been used in disputes with government agents, agencies, banks, and corporations by people unable to afford the services of an attorney. It can be used to head off potential litigation, settling of the case prior to its being brought into court, or sometimes for a case that is already in court.

The COD is a 3-step process performed by a notary after you have made a good faith effort to settle the matter with your opponent. You bring the matter to the notary and request s/he re-present your documents to your opponent as a third party witness to their dishonor. The notary invites them to respond within a specific time frame, offering a follow-up notice if there is no response. If no answer is forthcoming, a Certificate of Dishonor / Non-Performance is issued — which can be brought before a judge for a Declaratory Judgment or used as the basis for a lien.

We contract with a notary who can help you with your COD. Our notary is commissioned in New York — all notaries are empowered to do a COD procedure to a foreign jurisdiction, though you’ll have a hard time finding one familiar with it. Your signature on the Presentment to the bank/debt collector begins the COD process.

Pricing: The cost of the 3-step Certificate of Dishonor (COD) Debt Process also includes up to 200 pages of documents, photocopies, prep work, and keeping records and backup copies.

This explains how when Due Process/Proper Notice is given in your proceeding (paperwork process), you are giving them all Equal Protection and the right to default, acquiesce, or contest.

“Due process requires, at a minimum, that an individual be given a meaningful opportunity to be heard prior to being subjected by force of law to a significant deprivation… the right to be heard ‘has little reality or worth unless one is informed that the matter is pending and can choose for himself whether to appear or default, acquiesce or contest.'” — Sniadach v. Family Finance Corp.

• Sniadach v. Family Finance Corp — Full Case
• EDU Courses — Latest Courses on Discharge of Debt

Contact us for more information: 1-505-340-3632 — UnderstandContractLawAndYouWin.com