Post # 1840 – By Bill - Courts and Securities
I have been sent this today and thought it might be interesting to some, maybe thinking of going to Court, to 'have their day' and to face them. Not advice, just learning together! Did you know that an arrest warrant and a summons are vouchers seeking a bank's consent to transfer Estate (private) funds to the Court's depository account to pay for the Case Bond? Let's examine a standard check deposit at a bank. The bank endorses the check PAY TO THE ORDER OF XYZ BANK, which is a banker's acceptance by the Payee's bank that monetizes the instrument (converts it to money of account). The bank then steals title to the funds by issuing credits to the depositor's account (a general account). It places a hold on the credits and forwards the check to the Payer's bank for authorization to release the hold. If funds are available, the Payer's bank will endorse the check (yet another banker's acceptance) and return it to its customer, the Payer (at least they used to). If funds are insufficient, the bank will cancel it's endorsement and RETURN THE CHECK TO THE DEPOSITOR / PAYEE. Notice that the credits move to the Payee and the security moves back to the issuer who issued the security. You can always return to this transaction to understand most any event in the world around you. For instance, a case in an incorporated Court. The Court (JUDGE ROSE WILLIAMS) deposits the Indictment by endorsing it "FILED IN CASE NO. 1:10-CR-123456." THE STAMP IS A BANKER'S ACCEPTANCE. Doesn't it signify acceptance, opening of an account, issuance of a number, and a deposit? Doesn't the indictment have a Payer (strawman), Payee (Plaintiff), implied amount (penal sum on the charges), a date, signature, and place of payment (the Court)? Doesn't the Court maintain securities accounts in its normal course of business, making it a securities intermediary per s. 1 of the Securities Transfer Act (Canada provinces) / UCC 8-102(a)? What else could it be if not a banker's acceptance?