In a monumental legal development, the Kevin Walker Estate v. Sierra Pacific Mortgage Company case has been removed to federal court and initially assigned to a U.S. Magistrate Judge. However, the Kevin Walker Estate has declined to consent to the jurisdiction of a magistrate and formally filed a "Plaintiffs’ Notice of Decline of Consent to Be Heard by a Magistrate Judge and Demand for an Article III Judge." This demand underscores the Plaintiffs’ assertion of their constitutional right to adjudication by a lifetime-appointed federal judge under Article III of the U.S. Constitution
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.
The U.S. financial system underwent a monumental transformation due to the Emergency Banking Act of 1933, House Joint Resolution 192 (HJR 192), and key provisions of Title 31 U.S. Code, including 31 U.S.C. § 3123, § 5118, and § 5103. These legislative acts, combined with the Constructive Expansion Policy established by Congress on March 9, 1933, fundamentally reshaped the nature of currency and debt obligations in the United States. This shift not only dismantled the gold standard but also recognized negotiable instruments—including bills of exchange, bonds, and acceptances—as legal currency.
In a groundbreaking legal case, the Kevin Walker Estate has filed a $100 million claim against the Menifee Justice Center, accusing it of racketeering, conspiracy, extortion, and coercion. The claim centers on affirmed violations of House Joint Resolution 192 of 1933 (Public Law 73-10), which prohibits requiring payment in specific forms of currency, including Federal Reserve Notes. This claim is supported by an unrebutted affidavit, which, under commercial law, is legally considered truth. The case highlights constitutional concerns, including Article I, Section 10, which forbids states from impairing contractual obligations. Using principles from the Uniform Commercial Code (UCC), Kevin Walker Estate asserts that the Justice Center’s failure to rebut the claims creates a self-executing contract, solidifying liability. Legal experts suggest the case could set a precedent for challenging governmental overreach in financial and legal matters. The U.S. Attorney General and the Menifee Justice Center have yet to respond, but the case could significantly influence the enforcement of HJR 192 Public Law 73-10 and individual rights protections.
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.