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PBNBA – Promissory Notes Are Legal Tender

Private Bankers National Banking Association, PBNBA, Promissory Notes Are Legal Tender

Black’s Law Dictionary, 5th Edition, page 133, defines “Banking”. The business of banking, as defined by law and custom, consists in the issue of notes ……intended to circulate as money……..And defines a “Banker’s Note” as: “A commercial instrument resembling a bank note in every particular except that it is given by a private banker or unincorporated banking institution.”

A  Private Banker is a Financial Institution; Unincorporated Banking Institution; and  Financial Agency pursuant to  31 U.S.C. §5312 and a Private Bankers National Banking Association, PBNBA, Bankers Acceptance Promissory Note under (U.C.C. §2-304) that states, “The price can be made payable in money or otherwise…”. IRS codes section 1.1001-1 (4657) C.C.H. states that Federal Reserve Notes (Dollars) are valueless. The only lawful money of the United States Of America are gold and silver coins with 1 oz .999 pure gold or silver as per Articles VIII and X of the Constitution For the United States of America.

Bank Loan Contracts or lender promissory notes requiring legal money that is not true money such as: bank checks, cash, check, money orders, attorney checks, bank transfers, wire transfers, FEDERAL RESERVE PROMISSORY NOTE DOLLARS, cashier checks, and certified checks from a bank, attorney, or escrow company are illegal pursuant to Title 31 U.S.C. §5118(d)(2);  31 U.S.C.A. §463; and Public Law 97-258 (September 13, 1982).

Contracts requiring legal money such as cash, check, money orders, bank transfers, wire transfers, and Federal Reserve Notes (DOLLARS) are illegal and unlawful by Title 31 U.S.C. §5118(d)(2);  31 U.S.C.A. §463; and Public Law 97-258 (September 13, 1982).

All debts today are discharged by promises to pay in the future.  All Federal Reserve Notes, DOLLARS, are registered securities and promise to pay in the future. FRNs are secured by the utility of a live man’s energy or labor.

When quoting U.C.C. statutes, the courts require them to be quoted with State or Federal statute designation. U.C.C. codes are United Nations statutes, but are codified in every local jurisdiction. SOLYOM v. THE MARYLAND-NATIONAL CAPITAL PARK AND PLANNING COMMISSION, 53 Md. App. 280 (1982) 452 A.2d 1283.

In accordance with 31 U.S.C. §5103 and 18 USC §8, such Note instruments are “national bank currency” and thereby ‘coin or currency of the United States’ by statutory definition and can be issued by Private Bankers who are banking members of the Private Bankers National Banking Association, PBNBA, and are “THE EQUIVALENT” OF MONEY as per 12 USC §1813 (L) and must be accepted by all banks and financial institutions as payoff, set off, discharge, and full settlement of all debts and loans.