Who is Responsible for the “Obligations” and/or BILLS, DRAFTS, CHECKS, FRNs,/Dollars?

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Many people are banking incorrectly, misunderstanding the true nature of financial obligations and the protections available to them under the law. According to 18 U.S. Code § 8, an "obligation or other security of the United States" is defined broadly, indicating that all such obligations fall under the purview and responsibility of the U.S. Treasury. This includes Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money. This has profound implications for how we understand debts and bills.

Explained: How Banking, Assets, Liabilities, Dual Ledger Accounting, Loans, Mortgages REALLY work

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ALL bank accounts have two sides to them. A Public (liabilities) side and a Private (assets) side, as substantiated by […]

The Dual Realms of Public Debt and Private Credit: Understanding the Unseen Financial Divide

Business, Law/Legal, Legal, News

In the realm of financial obligations, there is a fundamental principle that separates the tangible from the intangible, the government-created […]

The Dirty Mortgage Secret: The Borrower’s Right to Their Promissory NOTE and the CASH VALUE

Education, News, Tips, Wealth

The journey of a mortgage promissory note from a simple contractual agreement to a complex financial instrument is shrouded in […]

The Intricacies of Intangible Assets: Fractionalization and Securitization in Modern Finance

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Intangible assets, though lacking physical form, are the bedrock of contemporary finance. They range from Federal Reserve Notes—our cash in […]