Most Americans don’t realize the U.S. government removed real money in 1933 — but also gave the people a powerful remedy: the right to discharge debt through lawful assignment. Under 31 U.S.C. § 3123 and 5118, private Americans can tender value and assign obligations to the Treasury for dollar-for-dollar discharge, using the same credit-based system banks rely on daily. This isn’t fringe theory — it’s codified law, commercial equity, and constitutional remedy in action. By properly perfecting interest, assigning the debt, and documenting the discharge, you not only resolve your own claims, but reduce the national debt and restore balance. The only thing missing? The knowledge that it was always your lawful right to begin with.
A consumer debtor under UCC § 9-102 is a public entity and debt-transmitting utility vehicle, not a sovereign individual. As an ens legis, the consumer functions as a debtor in a system where all transactions are based on debt, per public law and policy. Since the removal of gold-backed currency (HJR-192, 1933), consumers operate within a commercial framework where assets are collateralized, not owned outright. This distinction separates the legal fiction (U.S. citizen) from the living man or woman, reinforcing the commercial nature of all consumer transactions.
A UCC-3 Amendment can perfect a security interest in new collateral by modifying an existing UCC-1 Financing Statement. It adds new instruments, property, or assets to the original filing, ensuring the secured party‘s interest is perfected as of the UCC-3 filing date. The amendment eliminates the need for a new UCC-1, provided the original filing is still active. To ensure validity, the UCC-3 must describe the new collateral in detail and be filed promptly with the appropriate authority. This process extends the scope of the original UCC-1, securing the additional assets effectively.
The Estate of Steven MacArthur Brooks has filed a $2.975 billion lawsuit against San Diego County Credit Union, asserting a legally binding contract and requesting summary judgment. This claim highlights the plaintiffs’ standing as secured creditors under the Uniform Commercial Code, supported by unrebutted affidavits and documented acceptance of contractual terms by the defendants. The case centers on a security agreement and contract, with the defendants’ lack of response legally reinforcing the plaintiffs’ demand for summary judgment.