Authors note: "All posts will now be powerup. Unless writing for familyprotection or other group that may benefit from such writings. The justification for this, is simply due to the nature of content that I will be sharing with you. Many, humans have to pay thousands of fiat notes to receive this information. All of which will be shared freely, without charge, hereafter."
We've all played the game monopoly. The premise of Monopoly, is to bankrupt other players, or the last man standing wins. This is known in commerce, as a tontine wagering scheme.*
*Tontine wagering scheme:
A financial arrangement in which a group of participants share in the arrangement's advantages until all but one has died or defaulted, at which time the whole goes to that survivor.
Understand, that this is the sole principal in our daily lives. We are all playing the game of Monopoly. We all are lent fiat, like Monopoly we try to acquire wares with the fiat. I have tried unsuccessfully in past series to demonstrate how money is lent into circulation by federal reserve and how federal reserve extends credit from certified notes. Like Monopoly, its impossible to have all the money and equally impossible to "stretch it out." In the past, I've stated that giving contributions to IRS is voluntary. This applies to everything, you have to consent.
As American nationals we are subjected to voluntary instruments. To simplify this Im going to use two examples.
When a child is born the certificate* is produced noting the vital statistics regarding birth. Parents voluntarily, put their signatures on the certificate and are made liable until a certain age is reached on your part. The State then issues a copy of this to the parents, spelling your name in all caps. This is your artificial name, "corporate name" if you will.
Youre going into a store, shopping or whatever. You decide to pay with cheque. So, you sign the cheque for the amount. Because youre signing your signature to the cheque your accepting liability for your "corporate self."
Herein is the problem, individuals are volunteering themselves to accept liability for the "corporate account" created. Everyone does this, every day to a certain extent. Although, at times the instrument or record is often difficult to recognize as being such.
Let's take a look at UCC §3-204 and get some definitions so that following quotes will prove relevant.
Indorsement:
means a signature, other than that of a signer as maker, drawer, or acceptor, that alone or accompanied by other words is made on an instrument for the purpose of (i) negotiating the instrument, (ii) restricting payment of the instrument, or (iii) incurring indorser's liability on the instrument, but regardless of the intent of the signer, a signature and its accompanying words is an indorsement unless the accompanying words, terms of the instrument, place of the signature, or other circumstances unambiguously indicate that the signature was made for a purpose other than indorsement. For the purpose of determining whether a signature is made on an instrument, a paper affixed to the instrument is a part of the instrument.
Maker:
a person named specifically in an instrument or signs as such
Drawer:
a person named specifically in a draft or signs as such ordering payment
Acceptor:
means a drawee that accepts a draft
drawee:
Person ordered into a draft to accept payment
From this we can derive indorser.
And yet under UCC 3-205 we read:
If an indorsement is made by the holder of an instrument, whether payable to an identified person or payable to bearer, and the indorsement identifies a person to whom it makes the instrument payable, it is a "special indorsement." When specially indorsed, an instrument becomes payable to the identified person and may be negotiated only by the indorsement of that person....
I know all this may seem daunting. But think about it this way. Everything that requires a signature. I MEAN EVERYTHING. Is an instrument. And unless you designate the signature as different then your "corporate" name the signature will be deemed an anamolous indorsement.
Anamolous indorsement:
an indorsement made by an individual who is not the holder of the instrument.
Accomodation Party:
accomodation party is a party that is not benefitting from the signature, not a maker, not a drawer, not an acceptor. Think of this party as like signing your childs absent note. *you do not directly benefit, but unless otherwise designated in your signature you're liable by default.
the worse status to be is an accomodation party. As you will neither benefit nor be able to negotiate (and more) the instrument itself.
The simplest and most effective solution to preclude liability. Is, by stating your status as an Authorized Rep.
If a person acting, or purporting to act, as a representative signs an instrument by signing either the name of the represented person or the name of the signer, the represented person is bound by the signature to the same extent the represented person would be bound if the signature were on a simple contract. If the represented person is bound, the signature of the representative is the "authorized signature of the represented person" and the represented person is liable on the instrument, whether or not identified in the instrument.
and
Subject to subsection (c), if (i) the form of the signature does not show unambiguously that the signature is made in a representative capacity or (ii) the represented person is not identified in the instrument, the representative is liable on the instrument to a holder in due course that took the instrument without notice that the representative was not intended to be liable on the instrument. With respect to any other person, the representative is liable on the instrument unless the representative proves that the original parties did not intend the representative to be liable on the instrument.
To condense all of this into laymans terms- the easiest way to preclude responsibility is to sign as authorized rep. as then this eliminates maker, drawer, drawee, accomodation party from your status on any instrument.
Take a look at a cheque thats magnified x60 "signature line."
So... things to remember
ihashblox ©, Agent (can also be used)
Its now obvious why digital signatures are becoming more popular. Mainly, i feel its beacuse the system knows many people will never take the time to read and understand the remedy to 1935 IRS laws. It should also go to explain a few things.
From all the above, this is why I feel our government is intent on nationalizing aliens. To draw from their certificates and state issued social security numbers. We already knew so much fiat can be in existance at one time, also that the government cant fix the problem. So it draws credit.
To be clear this is not a democrat or republican problem. This is an answer to the "master" plan to the monetary policy. I highly suspect, only a few law makers know about all this, yet alone other businesses. So, dont punch a gift horse in its mouth. Dont be so quick to state, the hidden is fraud. Rather, its the opposite, the start of a remedy (long process).
If you liked this article please upvote, resteem, subscribe! I will be writing more from here on out, detailing the steps needed to reconcile the "corporate name" and "natural person (You)."
