Bonded Promissory Note - Private Offset Bonds

This includes Live Birth Trusts (LBT), and "Accepted for value" (A4V)

Bonded Promissory Note - Private Offset Bonds

Postby Zaniwhoop » Fri Jun 26, 2009 9:19 am

Here's a link to a topic which has some interesting content. I haven't read it all yet, and it seems to be US based, but may prove helpful in discovering how to create your own bonded promissory note. Personally from reading the Bills of Exchange act (though I still need to do a more in depth analysis) I can't see anything to stop one creating one's own promissory notes.

Has anyone over here had any success using one yet?

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Re: Bonded Promissory Note - Private Offset Bonds

Postby nuttynorm » Sun Dec 20, 2009 10:18 pm

I agree,
Anyone should be able to issue a promise to pay, bonded or not.
I'm trying to work out how we get around the fiat currency, as we have no way to pay yet, and what do we pay with when the date the promise can be cashed comes along and the note requires paying?
I wonder what we would pay with? another iou?
My understanding so far is we can create a note with either a date or event after which it can be cashed, so could this event be when we no longer have a fiat currency?

At the freeman conference there was a P.N. shown and I'm hoping it will be posted and available for us all to see at some point, and hopefully we can tailor it to our individual needs.
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Re: Bonded Promissory Note - Private Offset Bonds

Postby squark » Fri Apr 05, 2013 5:56 pm

How did I end up here...don't know but....
I promise to pay the bearer on demand the sum of £100....OK

The SUM of ?

like 10*5=50 thats a sum
actually more like 2*pi*r
to do the sum you need a value for £, it used to be a pound weight of silver, 100 of them.
So what is a £ :8-): (Come on Mr Wonder..tell us how it it like an :apple:?)

I suspect we have a zero sum situation. 1*0=0
hell a million times zero is still a zero
Who wants to bet the response will be...I'll charge you with contempt if you don't just....!
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Re: Bonded Promissory Note - Private Offset Bonds

Postby tom1 » Mon Apr 22, 2013 8:48 am

My comprehention is that to pay with a PN,there has to be an account to be debited, so it states in the Act,also states that a stamp with the sum and signature is payment. What dous it mean by stamp and waht is its value?
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