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Understanding Exemptions and Debt Discharge

Aug 21, 2024

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.