• HOME (click header above)
  • ONE PROBLEM (NEW)
  • ONE TRUTH (NEW)
  • ONE SOLUTION (NEW)
  • MIKES MODEL
  • THE MATHEMATICS
  • 2013 MANDATE
  • GLOSSARY OF TERMS
  • POD CASTS
  • AUSTRALIAN DEBT CLOCK
  • DICTIONARY
  • (Android & iOS)

Australia for Mathematically Perfected Economy™

Australia for Mathematically Perfected Economy™

Category Archives: Money vs IOU

Promise vs IOU

01 Saturday Jul 2017

Posted by australia4mpe in Money vs IOU

≈ Leave a comment

Tags

911, Australian banks, bank of England, banks, Constitution, contract, contractual obligation, credit, deflation, Dennis Kucinich, freedom, G. Edward Griffin, inflation, intrinsic, IOU, liberty, mandate, mathematically perfected economy, money, plagiarist, tax, the great depression, The Secret of Oz, truth, usury, war

Neither is a promissory note a IOU, because a promissory note is often in most cases a unilateral promise, which is the “offer” (not owing) of a promise (money) to a true creditor who gives up property, or vice versa when the true creditor offers something in exchange for a promise (money) , & if the true creditor accepts that promise in the offer its paid then & there in full on the transaction (true debt). Think of this when you are simply purchasing an item in a shop.

However in case of an obligor (maker, creator & issuer of a promise / promissory note/ money) there may be an obligation by the obligor to do something else arising from their issuance of a promissory note in what is a “promissory obligation”before any book entry or deposit. Such as not only paying the true creditor in full thereafter from the outset, but giving up a like equal measure of the obligor’s own future production in return for anothers (true creditor) production to rightly retire that promise (money). As a matter of money (promise) becoming defunct in fulfilling the obligation, meaning the promise (money) no longer represents value, nor any remaining debt or consumption in fulfillment of an obligation.

The very concept of an IOU is therefore a rational impossibility if there is no loan, much less is there any loan from a bank, & we are instead GIVING up our production to each other, expecting no more than what we give up in return, which may include “earned profit ” by the way , ” cost plus labour “, hence we giving up our ” labour & production ” to each other, where there otherwise are no loans or borrowing.  So if it has not dawned on the reader already ” earned profit ” is what the proprietor takes above the principal & interest (unearned profit) in the resulting price of goods & services which is instead paid to a thieving bank who purports to loan us the sum of principal in the first place.

The illusion of a loan is of course born out of minds of men & women blinded by greed & desire. The very idea of purportedly borrowing more to merely service the former sum of falsified debt only to increase every new sum of falsified debt amounts to a heroin addict trying to kick the habit by upping their dose on every hit.

” Insanity: doing the same thing over and over again and expecting different results.”
~Albert Einstein

David Ardron.
Advocate / mentor, Co-founder, Co-director – Mathematically Perfected Economy™ (au)


(Published : July 01, 2017, last edit September 16, 2017)

 

Rate this:

Share this:

  • Tweet
  • Email

Like this:

Like Loading...

MPE Categories

  • HOME (click header above)
  • ONE PROBLEM (NEW)
  • ONE TRUTH (NEW)
  • ONE SOLUTION (NEW)
  • MIKES MODEL
  • THE MATHEMATICS
  • 2013 MANDATE
  • GLOSSARY OF TERMS
  • POD CASTS
  • AUSTRALIAN DEBT CLOCK
  • DICTIONARY
  • (Android & iOS)

Related Posts (NEW)

FOI request Bank of England

Banks have no poof of claim

Gross Domestic Product

Debt Securities

Origin of money

Aussie Elections

True Debt vs Falsified Debt

Surplus vs Deficit

Money vs Credit

Promise vs IOU

Money vs Receipts

Good Debt vs Bad Debt

Referendum vs Plebiscite

Determine vs Predict

Trading EQUAL production

Money laundering

Pretended experts

Fractional Reserve Banking

Economic buffoonery

MPE Cult Propaganda

The cost of a home

Supply & Demand

The Ancient Ruse

Share Markets

Bankruptcy

Boom & Bust

Global Debt

Buying local

Super theft

Inflation

Taxation

Growth

WAR

NON-SOLUTIONS (NEW)

Debt free money

Nationalizing banks

Interest free banking

Moneyless trade

Banking regulation

Gold standard

Bitcoin/Cryptocurrency

Quantitative Easing & Bailouts

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 66 other followers

Contact Admin

David Ardron

Notes from Admin

Updates & Comment etiquette

ARCHIVE

Former Posts under revision

Blog Stats

  • 59,456 hits

  • Follow Following
    • Australia for Mathematically Perfected Economy™
    • Join 66 other followers
    • Already have a WordPress.com account? Log in now.
    • Australia for Mathematically Perfected Economy™
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: