good choice of thread Pete, I'm with ya :D

I knew that before posting ! :D

haha

I've been doing some study on accounting as well to keep books...oh boy lol

Credit, Debit, Credit, Debit, Credit, Debit, Credit, Debit, Credit, Debit, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Credit, Debit, Credit, Debit, Credit, Debit, Credit, Debit, ... :D

Yes, I'm working on figuring out quickbooks, I really think keeping actual physical books would be alot less frustrating lol

back to the original post....before we talked alot about this, I did send a signed receipt with an accompanying instructions to the bank of canada and haven't heard anything ....that was about 2 weeks ago...in hindsight I think the receipt should have been kept for the corp books/files and a completed boe sent to the bank of canada for the same amount as the receipt on file?

Interest is their fee ? CERTAINLY doesn't work in MY books ! Here, WB has a credit card with a bank which sends him checks for +/- 500$ a year for creating credit using their card :/ no annual fee nothing... I think it's more like THEY get to keep the money when you use the PERSON's card... As if they got used to not having creditors coming around claiming the value at the end of each month... Punishing with interests certainly helps to make a creditor believe that he's a slave in debt...

But HOW in the fuck can I photocopy this 3 feet receipt ? :-(

Honor your private debt by paying off the credit card bill, and ask for a proof of payment. That will be the receipt / proof of payment you send the Bank of Canada with your claim ?

CREDIT SCORE Credit = creating value Score = accounting If your PERSON has a WOW CREDIT SCORE because as a VERY CREDITOR you proved your time x energy x knowledge could CREATE SUCH MONEYZ, and the bank sends your PERSON that credit card with a fancy credit limit... As long as you can pay the account off, and get a receipt for that payment, you could claim said amout to Bank of Canada ? You only need money when you are using it... Fuck my brains are spinning again....

You have more than one brain, Will Bed ? :-(

Always been under the impression BRAIN was plural in English ? Like HAIR is singular when talking about those on your head... : /

anyone want to buy one of my new slimline 3 foot printers?

"YOU ONLY NEED MONEY WHEN YOU ARE SPENDING IT! The rest of the time MONEY is DEBT and OBLIGATION. HOARDING IT IS STUPID! Everybody think about that. I'm saying it for a reason. Get the concept in your head, and cement it there. You'll know why later."...

I have had two situations in the past 12 months where I used a credit card: The first time, I took the credit card statement from the bank and accepted it as accommodation party, in accordance with the Bills of Exchange Act. They kept writing to me, telling me that they didn't accept Bills of Exchange...in the end they supposedly assigned the debt to a debt collection agency...they couldn't produce a contract or proof of assignment of a debt, so after several months, that issue appears to have gone away. The second situation (different card), I knew a bit more & have been able to demonstrate that the account statement was an incomplete Bill of Exchange, which has now been completed and appears to be a cheque according to their clubhouse rules re cheques. I received a late notice, which I called and corrected them that the matter had been dealt with as a cheque had been sent via registered post...that was delivered 3 weeks ago, completed my obligation. I am awaiting the result of this, because if it is successful, I will make purchases by credit card and just administrate the credit card bill at the end of each month, which seems a lot easier and tidier way of doing things. I'll keep everyone updated once I get the result of this latest administrative experiment ;-)

Mmmhhh....not sure the credit card will work very long, sorry to say this Stuart Stone, but that's what I think, for now... :( What OBLIGATION do they have to keep the person (slave) as a CUSTOMER ? .... :/

You are correct Pete Daoust, which is the problem I had in the first situation...that account has been closed. My rationalisation for trying this approach was this: The PERSON was used to create the account because personal identification was required to open the account (passport and drivers licence if I remember correctly). That's why I'm testing the approach again as I can provide evidence to them that they received the cheque which enables them to balance their books. Beyond them balancing their books, there is no obligation for them to keep the slave as a customer.

I was looking through the Bank of Canada Act...under Business and Powers of the bank.... (o) accept deposits of money that are authorized or required by an Act of Parliament to be transferred to the Bank, and, in accordance with that Act, pay interest on money so deposited and pay out money to any person entitled to it under that Act; and (p) carry on any business activity that is incidental to or consequential on something the Bank is allowed or required to do by this Act. There is no definition of money in this bank of canada act or the BOE Act that I could find, but this is the definition in the Financial Administration Act �money� includes negotiable instruments;

Thanks Gail Marie, that's taken care of my light reading this evening...the Reserve Bank Act of Australia :P

The problem I see with asking the credit card company to accept the bill of exchange is not only they have no obligation to keep your person as a customer, but they could also affect that person's credit score... That's why I'd rather use money of account to pay off those debts, remain in honour and make sure they ABSOLUTELY wanna keep doing business with my person and even INCREASE the person's credit limit, then ask for a receipt / proof of payment, and process that through the Bank of Canada...

I'm learning that wasn't the best way to deal with it Will Bed, with a degree of hassle dealing with debt collectors etc, so I'm viewing the experience as taking one for the team with the added benefit of not being intimidated by their threats and harassment.

Yeah, since we now KNOW that we are shareholders of Bank of Canada, lets USE them... :D

Great thread guys very exciting and ground breaking

With the intent to create conversation, I'll throw this out to the group...I've been looking to find the process corps used to process completed bills of exchange before the Canadian payments association was created. I didn't really find anything, but I did notice something about "settlement accounts" with the bank of canada. We need to provide instructions to the bank of canada, would one be to set up a type of settlement account?

Will Bed question. If we are as you say, paying off the account, with debt notes, aren't we actually just putting off the debt, therefore not really paying off the debt. And would this not be the reason they dont send you a "receipt"?

My second question for the group is concerning the credit rating companies and our fear of a bad credit rating. Who gave them our consent to collect and share our credit scores with other entities? I certainly didn't.

we give consent to credit checks being done

I wouldn't say a receipt is acknowledgement of a debt paid, but more an acknowledgement of being given something. I tend to think they don't give a receipt because they use it themselves :/

Yes we do at the bank loan, mortgage etc level but we didnt give these private companies; Equifax etc the ok to collect, store, share our private information. At that end of the transaction, no consent was given. If a collection agency or some other group decides to leave a negative mark or simply looks into my credit rating, did I allow the credit score companies the go ahead? No.

You guys are getting too intellectual for me here... :(

I think it all relates to the person. A person is needed to play in their commerce game, and they created the game and created the rules...along with our own ignorance, that is how they get away with everything they do

Having said that, it isn't something I'm condoning or accepting :)

I agree but consent has to be given.

it's presumed because you are in the game it is given?

So if one steps up and tells the credit rating companies you revoke consent...?

Worth a try, BUT it can be a catch 22, because if whatever you are wanting to do requires a credit check, they will likely see that as no information available and deny whatever it is it was required for? I don't know just playing devils advocate here :)

True. But the damage done from the business conducted by these companies could be construed as a torte no?

Only slaves gets rated :P

A muscled slave has more value than a weak slave.... :D

I think I know what you're saying but please explain.

*you're :P

If the mark against your credit rating is proven as fraud I guess it could be?

Shit

A high credit rating announces a high performer slave (person) A low credit rating = you have a shitty slave (person) in your pocket :P

No, thats not what I'm getting at. I think the whole idea that some private for profit entity has the ability to destroy your credit rating, hell even has the right to collect and share your information to your detriment is the issue.

It's not YOUR credit rating..... :(

Unless you are a SLAVE ? :/

Sorry Peter Daoust, I got a little messy with my spelling when I got excited.

Riiiight.

Your spelling is ok, it's your THINKING that sucks :D

TODD KELLER is not Todd Keller...the credit rating belongs to TODD KELLER

Ha. I forgot about the credit rating not actually being mine. Its my PERSON's.

Duh. Sorry, late night. I need my second coffee.

So about paying off the credit card...

Tried the administrative process and it just got messy.

ASK FOR A BILL or a SIGNED INVOICE.

If a trustee corporation or a soul authorized admnistrator wanted to administer on behalf of another person, would a signed power of attorney be sufficient?

And when they don't/won't or more accurately, can't, does it go the court route?

If you express an interest in paying, you ask and not receive a bill, I myself wouldn't be a defendant...what is there to defend, that I want to take care of the debt?

True. I would NEVER never go to court as a defendant.

So then it goes to credit recovery.

No doubt they will try to get you to court and with the banks they tend to use liars to do their collection work...and of course they will lie, threaten and try to coerce you but one thing they will NOT do is provide proof of standing :)

Been down this road a couple times.

Scott Duncan one thing I didn't lien with that lawyer I've talked about previously is his license, I don't remember hearing before about liening the license, is that worth pursuing?

WHERE IS THE BILL ?? :D

^^^ a new meme...it worked for Wendy's and the where's the beef lady :D

Yeah, they don't hand you a bill a Wendy's either. A receipt is given.

Are you sure Wendy's gives RECEIPTS ? :)

It looks like they just give a record of the transaction.

Scott, are the American people shareholders for the Federal reserve Bank, like Canadians are shareholders of the Bank of Canada, or is the system a private one?

Not since 1933. It was for a VERY short time.

Todd Keller I've never used debt notes to pay off a credit card ACCOUNT. I use money of ACCOUNT. When I get the CC ACCOUNT STATEMENT for the next month, there's always a line that says "PAYMENTS AND OTHER CREDITS" just under the line with the previous amount owed and the balance is always ZERO. At this point, the PERSON has honoured the OBLIGATION to pay off her PRIVATE DEBTS. That is a WRITTEN CONFIRMATION that they RECEIVED a PAYMENT. I guess that can be considered a RECEIPT ? As been said, the VERY LAST THING I want is to have a PERSON with a bad CREDIT score. Even if it's their game and all... When you play a game, you gotta play by the rules... Ultimately, in that game, the CREDIT score doesn't prove if your PERSON is rich or poor, it proves that you THE MAN who ADMINISTRATES that person have been keeping shit tight and are a GOOD ADMINISTRATOR / CREDITOR for the PERSON SLAVE / DEBTOR. I know LOTS of guys who's PERSONS have always been MILLIONNAIRES, and they still used a credit card from a very young age ONLY (or maybe not only and that's the reason their PERSONS are MILLIONNAIRES) to keep a CREDIT RECORD, just in case I always guessed... Now, If I were to ask the CC Company for a formal RECEPT for ALL THE PAYMENTS they got from the PERSON over the PAST, say, 5 YEARS, you think they wouldn't produce it ? I guess I'll have to ask :D

The Federal reserve Bank is the 11 largest banks in the US. It is a private club and we are not in that either...

Admiral Scott Duncan, many have just discovered that they/we were incompetent sacks of shit as administrators, and failed to honor many of our duties, and contracts. That affects the credit of the person. Once someone understands about the responsibility of honoring contracts, and administrating correctly, what may administrators do to fix/repair credit problems created in the past for the persons they happen to have, besides always "paying" their bills?

Max gets it.

He is asking a question ?.. :/ what did he got ?

I think the ONLY way to fix past credit problems of the person we happen to have is paying or settle somehow those bills owed. Did I got his right, Scott? :/

Yes Mackximus, you can ADMIT to them, that your energy dosen't produce enough MONEY to pay these debts, you ask for forgiveness about it :D , but you tell them, I REALLY WANT TO HONOR stuff, so what else could I offer ?, is there any other ways I could settle this shit, would you accept my ENERGY ? I can cut your grass, I can wash your windows, I can clean your bathroom, I can do the vaccum shit in your office, PLEASE let me know !!!....I can offer so much, but no CASH, .... You call them with this shit every second day :P (or communicate all this via registered mail) and stay in HONOR......or, you find a way to get cash and you pay.. !!! ....or, you kill yourself !! :D

I saw that in a movie ^^^^ :/

Back to the story about the 12 year-old girls from the skating-club asking people to donate to them their cash-receipts as they walked out of the grocery-store, obviously one of their fathers and not them were pretty knowledgable in what to do with these...what would one do with these cash-receipts afterwards Scott in order to benefit from them?

They are tax CREDITS for the organization.

'...registered Crown ORGANIZATION.' JOHN SCOTT DUNCAN = LEGAL NAME, LEGAL ENTITY, REGISTERED CROWN ORGANIZATION. This is where all the ACCOUNTING and SURETY happens. When you use this name, you are ACTING in COMMERCE. When you use this name, there is always a MONETARY VALUE attached to it. Under ADMIRALTY JURISDICTION this would be a "VESSEL".

Something tells me Scott that you DO NOT throw away any cash-receipts you get, and always make sure to ASK for one if the cash-receipt isn't given to you right away?

Receipts are "valuable securities" under the criminal code of canada. They are proof that MEN and WOMEN, as CREDITORS for the PERSONS, used time x energy x knowledge to CREATE something, to produce VALUE. But we've been taught to exchange our time and efforts for money from a pool of existing money. So that money is only exchanged, even though we create more and more wealth day after day, we dont create more money / add VALUE in that existing pool of canadian dollars... Bankers control the creating of money and the way they do it, since it doesnt take into consideration what we produce, it devaluates each existing dollar further more... Isnt there a way for the VALUE we create to become real CREDIT, adding to the pool of existing money ? The birth certificate is an unlimited credit limit and we can use it to create money out of thin air when a public debt is sent to the PERSON... If we all decided to sit the fuck down and stop sweating our ass all day long for our person to earn a salary, that country would go kaput fast... If credit card companies create money by collecting our receipts and bundleing a bunch of them into one debt at the end of the month and they KEEP that money for themselves when WE are the ones who sweat the fuck out to create value... Something doesnt add up ? If we ARE the MONEY and WE are CREDITORS, how can we PROFIT from CREATING all that wealth ??

Create something of value.

"The birth certificate is an unlimited credit limit..." Are you sure about this?

Jason Moreland, when my time x energy x knowledge produces something, it is exchanged for money of account. When I go to - say - the restaurant, and WB pays the bill using one of his CREDIT CARDs, issued by a BANK, it seems like that BANK creates NEW MONEY OF ACCOUNT to pay that debt to the restaurant. At the end of the month, they send WB a bill for all those debts that were paid using that CREDIT CARD and they ask WB to DEBIT one of his accounts and send MONEY OF ACCOUNT to that bank which issued the CREDIT CARD. They are creating money out of thin air, based on MY time x energy x knowledge which is MY CREDITOR POWER. They know I, as a CREDITOR, "create enough things of value" for the PERSON to use their CREDIT CARD and make them make money. They even PAY my PERSON +/- 500$ a year to use their card - AND to allow them to create much more money out of thin air... They NEVER COLLECTED interest from my PERSON, so it must be pretty PROFITABLE for them to keep doing that business ? In the end : the MAN is the one sweating his ass, THEY are the ones creating value based on the MAN's time x energy x knowledge, and instead of the MAN's PERSON PROFITING from what has been created, THEY DO because THEY end up with the PERSON's MONEY OF ACCOUNT when they NEVER DEBITED A DAMN CENT in the first place. They make it seem like their monthly bill is a DEBT that has to be paid, but how can it be a DEBT if they NEVER DEBITED ANYTHING ANYWHERE ?? Chip Douglas, when you use the birth certificate to extinguish debts, it authorises the Bank of Canada to make a payment. But they have no money. It's only a big debt hole, so they dig out more debt, as new money, to extinguish those debts. If I think wrong, please tell me...

So, this money of account. Where exactly does it come from? Your earning capacity from your job? Do you understand how fundamental economic policy works? Yes, a QIB as referenced by Rule 144A of the SEC, distinguishes those who create money of account. There is a system in place that checks and balances currency and flow of currency. Account #'s and Routing #'s.

Otherwise, people would not work and make a gogolplex of dollars everyday, to purchase whatever they desire. The labor is what gives human capital value in service based economies. The FULL FAITH AND CREDIT is the collective workforce.

Gross Domestic Product.

The system is fucked. Sitting there supporting it not trying to figure bullshit out wont fix it. My PERSON EARNS MONEY from MY time x energy x knowledge. And I'm totally fine with that, because I can benefit from it. CREDIT CARDS companies EARN MONEY from MY time x energy x knowledge. And I'm NOT totally fine with that, because I DO NOT benefit from it. THEY DO. VAMPIRES. We dont NEED them to do business... Using them is kind of a FAVOR ? I know I could just stop my PERSON from using their service, but that wouldnt fix the problem. Once my PERSON has paid the bill they sent, just like any loan, there must be something that's owed (?) to the CREDITORS for that newly created money which they dont benefit from... There seems to be something missing and I wanna connect those dots...

There are many problems. I am just pointing out a few elements to think about. If we all had unlimited "CREDIT" the cost of items would go thru the roof. It's simple supply and demand. The TREASURY sells bonds, and Entities purchase those bonds for the % of interest they earn. After that, it seems to be a problem with the FEDERAL RESERVE. I am not a member of that club.

I'm in the process of claiming a promissory note from a bank. I look at the creation of money through using CREDIT CARDS a bit the same way... Im outta home with an ipad about to die and no charger, so I'll be out for a while...

Will Bed- i dont know if you are thinking wrong, i just dont recall Scott anywhere saying "The birth certificate is an unlimited credit limit..." - but, if I am wrong this time, please tell me

If it's too good to be true, it probably is. Imaginary superhero in the sky kinda thing..

Im just thinking- if any one of us were in court and were to say something like, "The birth certificate is an unlimited credit limit, your Justice" and he called bullshit on us...how would we back that up?

Look at your public debt Jason, and tell me the birth certificate ( surety bond) is not an unlimited credit limit :-D

I honestly cannot say either way. I did not create it. That is just my gut feeling.

Why the fuck, one of us would end up in court ?

Because they want money or legal tender..

Pay to the order of THE UNITED STATES Discharge to the US Treasury or Bank of Canada..

Too good to be true ?? Hey, I'm a bankster, here's a credit card, now get the fuck out, use it to spend (create) new money which doesnt exist, and at the end of the month, pay me - money of account which already exists - the amount created by using that card. In the end, you spend and the seller gets paid, but as a bonus, I GET PAID TOO thanks to YOUR EFFORTS !! ^^^ THIS SHIT seems too good to be true !

There is a dot missing ...... something is being overlooked what WB says makes sense ..... I am the one giving value thru the use of that credit card..... I am the creditor..... somehow tho that relationship has been turned over on me and I think I'm the debtor.. ?

I think the money of account only exists because it was created by my labour.....

No, it exists because of negotiable instruments and fractional reserve banking. The mortgage is the commercial paper, that is paid to the previous owner / bank. The Commercial paper that is the "debt note / money" that must be earned to balance the books. Inflow >>> outflow.

Ok so when I go to my wage slave employment. ... and get paid in money of account .... was that money of account created or just transferred into my account ....?

When I made my mortgage agreement did the bank create the money of account and put it in the account of the person I bought from?

It was transferred from your employer. The bank had reserves or surety to make the loan. The commercial paper / mortgage is the same as money. You are compelled to perform because of the contract / mortgage.

The "debt notes / money" would have no value if it was not audited. It keeps people from making 16 trillion dollars for shits and giggles.

A FRN is backed by the "people". We pay taxes which also pay the bond holders of the bonds the treasury sells. It is still about surety & accounting, even at that level.

The bank is regulated in order to make healthy loans. They do not want bad paper or investments. The moment the mortgage was signed the "money" was created. That transferred the deed / title to the guarantor the bank. If you follow the terms and conditions of the mortgage / contract you receive the deed / title. The time and labor creates the value of the FRN or North American Economy. It is why investing here makes cents.

When a PERSON contracts a loan, and money is created with the PROMISSORY NOTE SECURITY, the LAW makes it clear that any object or document received (by the bank) as evidence or guarantee for the obligation (to pay the amount + interests) of the borrower must be returned once he fulfills his obligations... Keeping it, hiding it, altering it, etc is a CRIMINAL OFFENSE. They DONT WANT / REFUSE / CANNOT return that fuckin contract back. They LEGALLY owe it to WB and sure as fuck soon or later WB is gonna get what is owed. Somehow, there MUST BE something similar somewhere that relates to these piece of shit CREDIT CARD scams and I now WANNA KNOW what it is they are NOT TELLING us. I'm not a fuckin slave and the money created by MY time x energy x knowledge / my signature and/or PIN when I use their POS card, cant exist without ME. And did I say I'm not a fuckin slave ? He who creates something OWNS that thing..?

Ahh...these Quebecois !!... :-D

Yes, once the obligation is met you have a right to the commercial paper / promissory note etc. unfortunately, in the case of the mortgage swindle they never made a legally enforceable negotiable instrument on the loan. It was backed but chopped up and sold as a commercial security / derivative. If the bank refuses to produce the original note or contract they can be prosecuted.

Ok, what the fuck do I do with these fucking receipts ? :(

They are expenses and you can write them off.

I really think the best would be to create an account statment, itemize everything, hook a completed bill of exchange to it, Drawer: PIERRE DAOUST Drawee: Bank of Canada Beneficiary: CIBC VISA :P

Send this to bank of canada, with photo copies of these receipts, and instruct them to balance CIBC VISA's books with this completed Bill of Exchange :/

Does that sounds logic ? :/

I would like to see if they actually respond.. My dealings with the Treasury have gone unanswered. No response..

"consumer purchase" should be on the receipts too I think

or maybe in the memo portion of the boe?

Or just the 96 number, on the bottom of the BoE :D

"96 number" thats new to me..

That's old for us :P

ugh.. wth...

96 number ?

I'm in the US. I think it has something to do with Canadian BoE..

I'm in Canada, I dont know what he's talking about ?

2.2 MICR ENCODING ON REMITTANCES Detailed diagrams of the placement of information to appear in the MICR reserved area appear in Appendices I and II of Part II of this Rule. All specifications contained in CPA Standard 006 remain applicable; however layout changes are as follows: (a) Amount Field: Character positions 11-2 inclusive shall be reserved for the Remittance Amount. (b) On-Us Field: i) Transaction Code Section: Code 96, to indicate it is a Remittance, shall be located anywhere within the four positions of the Transaction Code Section. The remaining two positions shall be blank

Well, I feel dumb now.. So, I think that was what he was after??

Look at the Hydro bill, Will Bed, you'll see the number 96, on the bottom right of the bill.....Same with income taxe bill, municipality tax bill, scholar tax bill, traffic ticket bills, videotron bill....ALL OF THEM.... :)

By the way, do you still buy back Hydro Debts, Will Bed ? (please say no :( )

I've got a municipality tax bill in my hands right now ! There is a 10 digit number which is 0000XXXXXX - amount But NOWHERE is there a 96 !?

Look closer :P

on the REMITTANCE...

Hydro : still buying that shit back. Too much fuckers on my plate for now, I need to close one of those cases before I tackle more !

bottom right hand corner usually

Will Bed, YOU STILL BUY BACK HYDRO-DEBTS ?.........ARE YOU CRAZY ?????? :(

It takes fucking 15 minutes !! :(

I'll keep that in mind...

So as you've seen, there is NO 96 number on that fucking municipality taxes remittance voucher : / what would that mean ?

Just send them a peremptory demand !! Is it true that I can use the person, I happen to be the sole authorized administrator of, its SURETY, to discharge that public debt ? If yes, please share with me the procedures... With Love Sole authorized Administrator for WB :P

I don't know Will Bed :(

I hope you won't buy back that shit ? :D

You make me laugh with this "too much on my plate" shit.....ppfffftttt, bunch of lazy slaves :P

HAHAHAHA!!!

I am sure he has been taught by Adam Thomas :D

I'm trying hard to make them fuckers UNDERSTAND. Seriously I'm getting fuckin tired of their incompetence and/or ignorance and/or bad faith

I do see the number 96 on most bills though, indeed. But not on the municipality taxes or parking ticket judgement : /

WHY ?? :(

It's NOT your duty to make them UNDERSTAND......

Why are you doing this ? :(

We need to talk, Will Bed, call me tomorrow, if you can :)

To avoid harassement ;)

You are missing something....

:-)

I want to know what's missing too

I have to rise out of the bilges (it isn't a nice job cleaning them) and take my hat off to the captain. THIS SHIP WONT GO DOWN.

I think I am missing a piece of the puzzle as well. It's tied in with the idea of our own Bank isn't it? How does this personal credit process go? Feel free to tear into me on this (because by doing so I will probably get it sorted in my head)... The NAME/BC and surety concept, I grasp that, although I'm sure I will stumble a bit with it. I have a person, and it's not my fault. The TRUST and holding corporation, I also grasp that. That process is underway for my wife and I. Fleshing out the details... Sole Authorized Administrator, this too, I get... Stamps are ordered and I will be starting out as a NOOB administrator when I get home. I'm sure there are lots of bills waiting for me to administrate when I get home. Crypto currencies, and the use of them in day to day transactions, I'm learning... I've got a rig, but it isn't performing very well yet. I am also moving money of account to and from etc. I expect that come faster the more I use it. As for my work, I'm currently a contract employee, and I'm working towards changing that from an employee to independent contractor. Baby steps on each are underway. :) But if someone could help me figure out that concept of each of us having our own Bank... That would help a lot...

Adrian Thomson, when you know what money is, and know what a bank does (EXCHANGES), then as a new financial world beggings to emerge were crypto-currencies become a medium of EXCHANGE, the current banks are/will be obsolete. So a new banking system needs to be established, for crypto-currencies. New financial services. New banks. And WE are part of the very little few folks in the WORLD that have this KNOWLEDGE ahead of time. You can figure out the rest.

But, hey, that Scott Duncan guy it's a mentally ill computer operator. Plus he is an "asshole" and "mean." Do not listen to him! :P

Sounds like an excerpt from a rant on a FMOTL page.

Ya I ordered my Stamps as well..... very exciting. .... I sent off 2 Bills of Exchange to the phone company as outlined by the Captain..... Can't wait to see how it all plays out

What happens when a Bank (our individual ones) has in its possession CAN$ and the value of those CAN$ becomes less and less valuable? Would that just be a loss? I guess, if that is the case, that an exchange from CAN$ to Chrypto currency would be a good financial move!

100 CDN is always 100 CDN. What it can buy or be exchanged for changes and typically negatively with fiat. But the loss isn't realized until a transaction occurs. At that point, it can be measured. Just like the purchase or sale of a house or Corporate Shares.

People in Cyprus think so.

I thought everyone knew this :/