SECURITY INTEREST, COURT OF EQUITY The following case will provide a microcosm scenario of how creditors can control a government by having a security interest, but yet they are outside the government, and possibly above the government directing its legislative and executive acts. As shown in the following case, courts of equity are the principle tribunals for the merchants. The City of Parkersburg in the following quote, which had issued bonds to bring in money to benefit manufacturing, had certain property deeded to it as security for the bonds. The bill alleges that the deed of trust to the city was executed for the purpose of securing the holders of the bonds and coupons, and they are the parties beneficially interested in the same, and the city is a trustee of all the property mentioned in the deed, for the holders of the bonds; that the city was bound to care for the property and protect the title to it for the benefit of the cestuis que trust, and especially as it had induced them to purchase the bonds, as well in reliance on the deed as on the credit of the city; that the city was, as trustee, bound to interpose to prevent the sale of the chattels … that the owners of the bonds are entitled to the interposition of a court of equity for the care and protection of the property, and to a decree for the sale of such of it as remains upon the premises mentioned in the deed to the city, and for the sale of the real estate… City of Parkersburg v. Brown, 106 U.S. 487, 496, 497 (1883) If we replace the word city with the word government, we can more easily see how this scenario can apply to many more situations, like a State or a Nation. The monetary system operated by the Federal Reserve as well as Reserve Notes are based upon debt including bonds or other securities. What is the collateral? What is backing the debt instruments and digits used as money? It must be freedmen, quasi slave citizens and their property. In the simple example above, a deed of trust on real estate is the security for the bondholders. When bonds for raising revenue are issued by a government, the government becomes a trustee for the bondholder or creditor. The bondholder is a cestui que trust meaning a fiction has a beneficial or security interest in whatever is backing the bonds. In the example above, the security was a deed of trust to real estate, and it says “on the credit of the city”, which means other items of value the city has an interest in or sources of revenue may also be used to satisfy a claim by the bondholder. The bondholder can make demands on the government, perhaps write legislation for the legislature to adopt, respecting the care for the collateral property and for protecting the title to the property. In the case above, some movable items were being taken from the structure on the land represented by the deed of trust. A bondholder, as a cestui que trust, believing the items being removed were a part of his security or collateral, went to a court of equity to enforce his moral and equitable right. Technically, the bondholder is not the owner of the real estate, does not have legal title, and does not have possession (the bond is a “chose in action”), but the city has a moral obligation to the cestui que trust bondholder as explained above. The rights and remedies of bondholder were not within the jurisdiction of a court of law, but a court of equity can deal with beneficial interests, securities, and collateral regarding equitable rights and equitable remedies. It is possible that courts of equity are an invention of the great merchants. Genesis 6:4 There were giants in the earth in those days; and also after that, when the sons of God came in unto the daughters of men, and they bare children to them, the same became mighty men which were of old, men of renown. This is how we are required to pay income tax, just take this same scenario and apply it federally and use international bankers as the bondholders. Now look at your birth certificate / settlement certificate and think about why its on bond paper. This is bondage.
Posted on: Mon, 24 Nov 2014 03:39:18 +0000
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