This article explains how discharging a debt and assigning it to the U.S. Treasury initiates a lawful credit offset process. It clarifies that acceptance by the Treasury occurs through silence, acquiescence, and non-rebuttal—not by permission—under UCC §§ 3-601, 3-603, and federal statutes including 31 U.S.C. §§ 3123 and 5118. It outlines the legal structure, forms, and instruments needed to enforce the process, including an Affidavit of Assignment, UCC filings, and IRS reporting documents. The Treasury acts as a fiduciary once lawfully noticed and unrebutted. Most failures result from procedural errors, not flaws in the mechanism itself. This is a step-by-step breakdown of how lawful private discharge converts into public credit responsibility.
Discover how full faith and credit empowers you as the true creditor of the system. Explore key legal principles from the U.S. Constitution, 18 U.S.C. § 8, 31 U.S.C. § 5118, and the Gold Reserve Act of 1934, revealing how all financial obligations are backed by your trust and credit. Learn how the U.S. government operates commercially under the Clearfield Doctrine and why debts are legally discharged through the Treasury. Take control of your financial knowledge and reclaim your power in the system.
according to statutes, codes, and public policy, bills of exchange are legally recognized as currency because they discharge debt obligations in commerce. HJR 192, 31 USC 5118, and 12 USC 412 establish that debt instruments replace gold as legal payment. UCC provisions (3-603, 3-311, and 3-601) confirm that offering a bill of exchange settles debts, even if refused.