What Is A Promissory Note

A Note or Promissory Note is not money, but only a promise to pay money. If that "promise to pay money" does not exist on the note, then who will honor the payment of money? Notes backed by real money have the promise clearly stated.

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• Promissory
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[cymanicat]

How then, do we transcend our debt? How do I take my $100,000 school loan debt to the banks, and say, "no, I never received anything tangible, therefore I will not pay"...? Know any cases that have beat the system?

[AngryHateMusic]

@cymanicat I take a deep breath in and out. There, I have transcended what I used to believe to be "our national" debt. If a member of the Bloods demanded you owe him $78,000 because you were born in his hood, would you feel obligated? Even though he wears a flashy costume, uses violence, and gets it from you does not make it moral nor making you obligated to pay. It's simply theft.

I couldn't comment on school debt. You likely voluntarily signed a contract and received class time for it. Soz.

[AngryHateMusic]

@cymanicat have a look at the site I link in my profile oooorgle(dot)com and do a search for "Tim Turner" or "Killing your Strawman". Not sure if this is what you may be looking for but here goes. Cheers.

[AceOfHeart2012]

@cymanicat Your signature on the loan application created the funds for the loan. The money did not exist until you created it with your signature. The bank left you to believe they loaned you the money. They did not. That is fraud because they did not disclose that you were the source of the credit. Fraud makes the contract null and void. Plus it's not really even a contract because the banks never signed anything. Check your inbox...

[Dakoota]

He may have signed a contract, but its probably 100% unilateral, which is fraud according to the law of contracts ( which is EVERYTHING IN OUR SOCIETY, EVEN PARKING TICKETS). BOTH parties must have something equal to put up, BOTH parties have to sign in "wet" ink. Your signature creates the "money" that they then "laon" you at interest. Ask them to send you a statement of accounts owing, showing the signature of "both" parties, and listing the collateral they had on hand to lend you YOUR Money

[AngryHateMusic]

@khanpreston1 A real bank note will have a promise. Have a look at any gold or silver certificate note and compare to a federal reserve note. A note is like an I.O.U. that I would write up and put in place of your milk and eggs.

[AngryHateMusic]

There is obviously no promise to pay anything on a Federal Reserve Note, only the threat that you will use and accept it or else.

[khanpreston1]

bank note is a promissory note,or not???

be straight

[MassMIlitia]

See: verifiednews channel "federal reserve explained" for some really enlightening videos.

[MassMIlitia]

Yup. It's created out of treasury bonds, which are the debt of the people. Every dollar created is borrowed by the government.

This leads to some very interesting avenues of thought, and I suggest you explore the implications...