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Understanding Exemptions and Debt Discharge
Aug 21, 2024
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Lecture on Using Your Exemption by Moses G Washington
Disclaimer
Educational purposes only; not legal advice.
Perform due diligence before implementing any strategy.
Notify Truth Sets Us Free (TSU) of any inaccuracies within 10 days.
Introduction
Exemption Concept:
Exemption from paying anything due to lack of money of substance.
Government Accountability:
The government owes us for what has been taken without valuable consideration.
Debt Discharge:
Discussion on using exemption to discharge debt.
Economic System
Lack of Money of Substance:
There is no intrinsic value backing current economic currency (Federal Reserve notes).
Exchange vs. Pay:
The concept of exchange involves equal value; Federal Reserve notes are promises, not payments.
Instruments for Discharging Debt
Unsuccessful Attempts:
Instruments like checks on closed accounts have been problematic.
Focus on Bills of Exchange and Bonds:
To avoid issues, focus is on these instruments.
Understanding Money
Federal Reserve Notes (FRNs):
Promises to pay; liabilities of the federal government.
Natural Resources and Wealth:
Wealth is created by people converting resources into value.
Credit
Unlimited Credit Potential:
All individuals potentially hold unlimited credit due to their ability to create wealth.
Corporations and Debt:
Corporations are artificial entities that can only create debt, not wealth.
Set Off
Debt Discharge through Set Offs:
Debts can be discharged using set offs, which balance debt against government obligations.
Debt Types
Public vs. Private Debt:
Public debts (e.g., government entities) can be discharged using these instruments, not private debts.
Cautions and Recommendations
Use Instruments Slowly:
Start with existing unsecured debts.
Not for Direct Purchases:
Instruments are not for direct purchases like buying goods or securing loans.
Personal Freedom and Character
Importance of Understanding:
Personal understanding and character are crucial for successfully using these instruments.
Moral and Ethical Considerations:
Develop an understanding aligned with honesty and integrity.
Bill of Exchange
Concept:
Derived from Federal Reserve's notion that exchange contracts could replace Federal Reserve notes.
Steps Required:
Copyright straw man name, sign security agreement, file UCC1, establish a private account with Treasury.
Bonds
Safer Instrument:
Bonds pose fewer risks and are backed by personal exemptions.
Types of Debts:
Bonds can discharge various public debts, including taxes and fines.
Creditor Responses
Dealing with Uncooperative Creditors:
Use strategies like notices of error or conditional acceptance if creditors do not acknowledge the instrument.
Conclusion
Further Research Needed:
This lecture serves as an introduction; further assistance is advised for practical application.
Resources
Potential further assistance can be found through SPC University at prividsolutions.com.
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