Continued from some weeks ago – this is the last of part 6.
The Bill of Exchange is written on the BANK. So the BANK is liable for the amount of value placed on the Bill of Exchange. The BANK has funds deposited in the strawman’s account with the BANK at position “B” on the Chart. Since the strawman will not withdraw or use these public funds, they are available by the BANK and the public side.
From the point of view of GENERAL MOTORS, the strawman is an “employee”. The wages that the strawman collects will be reported by GENERAL MOTORS to the Internal Revenue Service on a W-2 statement at the end of the year. The Internal Revenue Service will be expecting the strawman to report these wages in “public” moneys on a tax return. The strawman must file a tax return to report these moneys. But what kind of return?
Users and recipients of public debt credit money usually file a 1040 return with the Internal Revenue Service. The tax liability associated with the return of income is based upon the use value of the property the State had legal title to and that the strawman had use of. Now that the strawman is not making a public use of the public funds GENERAL MOTORS, there is still a requirement to report the funds and where they are in the public sector to help discharge the public liability. The tax return form used for this purpose is the 1040ES. The 1040ES form goes to a different office than the 1040 form. There is no signature required under penalty of perjury on the 1040ES form. The 1040ES form reports the estimated public tax liability and pays the tax in quarterly installments.
Let us say that the strawman accepts for value the funds in the BANK at point “C” on the Chart in the amount of fifty-thousand dollars. That deposit of fifty-thousand dollars appears at point “D” on both the private and public side of the account. The strawman then reports a fifty-thousand dollar income to the Internal Revenue Service by way of a 1040ES return. The payment voucher is made out in the name of the strawman for fifty-thousand dollars. A draft is then made out to the Internal Revenue Service (or since January 1, 2020 to the UNITED STATES TREASURY), allowing the IRS to acquire the fifty-thousand dollars of funds from the Memory of Account with the Secretary of the Treasury. But remember, these funds only exist if someone collects these funds from the person made liable on the Bill of Exchange which is the BANK. The funds are available at point “F” on the Chart.
The duty of the Internal Revenue Service is to collect the public funds for the Secretary of the Treasury for whom the IRS works. The corporations have accounts with the IRS. The BANK has accounts with the IRS. When the strawman has tendered the draft to the IRS to collect the public funds created with the Bill of Exchange with the BANK as the payee, it is the duty of the IRS to make this collection. This collection attempt is shown at point “C” on the Chart. Once the IRS has collected the Public side of this debt from the BANK at point “H” on the Chart, the private side funds become available for use in the private sector.
It is now apparent that the IRS has collected the public funds from the BANK (which basically represent the public funds deposited in the strawman’s account in the BANK by GENERAL MOTORS). It is also apparent that the IRS has also acquired the mirror of the private funds from the Memory of Account with the Secretary of the Treasury. This joining of the private and the public funds by the IRS is the “discharge” of a negative by a positive account pursuant to Public Policy expressed in HJR-192. This cancels the public liability and extinguished the public debt associated with the money acquired by the corporation from the Federal Reserve System. This occurs at point “I” on the Chart. This cancellation of public debt by discharge through the account of the private strawman helps the public sector by lowering the overall public debt. It is basically “privatizing” of the public government economy. It also restores to the flesh and blood man the private rights of labor without a public liability for any “use”.
This concludes this part of the puzzle, but doesn’t conclude the whole puzzle.
If Allah’s willing to let me deliver the rest I will, but for now go over all of the parts I’ve sent so far, and I do hope and pray that all of you that read this have questions.
Remember this is a puzzle and has many pieces to it.
Collect all the pieces and then put them together.
Eyes Wide Open.
So whenever you see this Eyes Wide Open you know it’s me.