In light of the holding of [Fidelity Bank Guarantee vs. Henwood, 307 U.S. 247 (1939)], a Federal US court of appeals ruled on Title 31 USC 5118. As of October 27, 1977, legal tender for the discharge of debt is no longer required.
That is because legal tender is not in circulation at par with promises to pay credit.
The requirement of repayment of debt is against Public Policy since the legal tender was not loaned [nor in circulation] no one can demand payment in any [particular] form of coin or currency or legal tender and repayment [or payment] need only be made in equivalent kind such as a negotiable security instrument. How is credit or money created? VIA YOUR SIGNATURE as a BORROWER. Think about it..
The post We the People Were Made Private Bankers According To? Part 4 first appeared on Cancel Your Mortgage With The CAP Financial Security Instrument NOW!.
David Young de God
NOTE: We stress that we are neither lawyers, attorneys nor accountants and do not give legal nor accounting advice. We help homeowners that have mortgage or foreclosure problems. When you are in foreclosure and going to lose your home if you do not take action or are stuck with an underwater negative value home, we pull no punches helping you with mortgage Relief. E-Mail [email protected]
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