The intersection of law, contracts, and public administration reveals a vast framework where the government can exercise control over individuals, often under the guise of legality. By leveraging tools like propaganda, social security numbers (SSNs), and implied agreements, the government establishes a framework of public compliance while presenting an illusion of choice. This system is designed to manage public obligations, regulate access to benefits, and ensure participation in federal programs. To understand how this operates, one must examine the roles of propaganda, coercive tactics, contracts, and the critical significance of the SSN.
When a purported borrower takes out a loan from a bank, it may seem as if the bank is lending its own money. However, under 12 U.S.C. § 83, banks are prohibited from lending their own funds. Instead, the bank uses the purported borrower’s promissory note—created through the borrower’s signature—as the source of credit. This note, becomes an asset on the bank’s books, allowing it to generate credit entries for a private monetary system without using its own capital. Importantly, no money leaves a bank account; all the credit generated is based on accounting entries.
A bill of exchange can function as "legal tender" or "tender of payment," but its status depends on acceptance and context but regardless, if tendered correctly, it does discharge the debt and respective amount tendered. It is a written instrument where one party (the drawer) orders another (the drawee) to pay a specific amount to a third party (the payee). While bills of exchange can be negotiable, they can also be non-negotiable, meaning they don’t always transfer ownership upon indorsement.