Hi LionsShare
Whilst the creditor is owed, the debtor remains owned...
Yes, we are creditors to the economy - but we are also debtors to the economy. We've never been paid for our efforts but neither have we paid for our possessions/food/power/services. We have received value for our efforts but we are denied ownership of that value - and owner'SHIP' is a suspect word anyway...
Under such circumstances to say that i 'own' something is the same as saying i 'owe on' something...
Owe on = owe-on = ow'n = own
This also means that i may owe-on/own nothing purely because there is no debt if there is no specie with which to pay, but on the overall accounting i am neither creditor NOR debtor... the one cancels out the other. It seems the Vatican/Holy-Si has assumed authority to balance the world's credit against its debt so that nothing is actually owed by anyone or anybody. A worthy cause, some might say. The problem is hypothecation. When debt is arbitrarily increased ten-fold as in fractional-reserve banking it becomes impossible to balance the books of the world as there is no real value to balance the increase in debt, hence every country operates in debt and suffers inflation (imo). This is profiteering with the goal of ultimate control/domination, which is why we are in the mess we perceive today.
This puts me in mind of the Shakespeare quote:
Polonius in Act I, Scene 3 of William Shakespeare's Hamlet.
"Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man."
Some very interesting words in there...
There is much knowledge pertinent to the understanding of the world laid out in Shakespeare, but only the rich are taught this.
Imo signing the prom note increases the debt because that note goes on to be hypothecated.
Re: utility vouchers; i suspect they don't work properly if one has an open (ie public) 'person'-al bank account. i'm wondering if they would be better honoured if they were sent for set-off through a closed (ie private) 'person'-al bank account. As long as that account remains public/open all debts of the ALLCAPS must be paid by the one who keeps that account public/open... when it's closed (or rather when its use is denied to you) it reverts to being a 'private' account, and the bank bears all responsibility as it has previously been granted one's power of attorney - which makes it a trustee of the account, and the trustee always pays.
If anyone has had a personal checking account closed (for whatever reason) be advised that the account still exists in private and the bank still profits from it. Try sending the bank a utility voucher with instructions to set-off and see what happens... if the bank refuses then give notice of rescission of any all p.o.a. whether expressed or implied and see what they say... could be very revealing methinks.
You're pretty much correct in what you're saying though.
Btw, on another topic - anyone wishing to see a modern 'free' man in action, check this vid from ULCT/Minister Emoven and ask yourself the obvious questions - where's the handcuffs? Where's the beating? Where's the arrest...? Make sure to read the description, too.
https://m.youtube.com/watch?v=3xHgxqDlaBAAnswers on a postcard please to: whoever you like!
Cheers!