With the recent upsurge of interest in the WeRe Bank, Peter is updating the
website. He pretends to address the concerns I have over the promissory note in his
PROM. NOTE SAFETY CATCH.
As he keeps changing his story, I reproduce his text in full, to preserve it.
Peter of England wrote:
PROM. NOTE SAFETY CATCH
THE SAFETY CATCH
HOW DO I KNOW I’M NOT GETTING MYSELF INTO A FINANCIAL PICKLE IN DELIVERING A PROMISSORY NOTE TO WeRe Bank? PEOPLE ARE SAYING I SHOULD BE CAREFUL!
Yes, you should be careful, however, WeRe not like them. You will come to appreciate this as we move along but at the beginning, all birthing looks difficult from the perspective of the voyeur!
We will not need to call in the PN as it clearly states that it:
1. It has a maturity date – does it not? A maturity date is just that – it can’t be called in prior – it’s not like conventional high-street banking robbery whereby they state: "payable on demand!" to force re-possession and forced sale.
2. Therefore, we cannot act upon it until that maturity date arrives now, can we?
3. It also says that we can use it as a "negotiable instrument" too and that the moment we so do, ie we trade it, then it negates any further liability you have to pay down that note, does it not?
4. It says on the note we can ZERO [at the Second Jubilee] it for the payment of 1{one}unit of RE, does it not?
5. We allow you to pay it down over the years via "billable hours allocation" which is/can be:
(a) any hours you care to tell us about that you have worked to perform "tasks of work" which you should rightly be paid for like: ferrying the kids to school, running errands, taxi-ing people to the airport, cutting your friends lawn, doing unpaid jobs for people, painting a house or room for your mother/grandma and any such other community work you may be involved in and require paying for – no one does anything, any longer, for no payment. There’s more than enough for all!
(b) We ALSO allow, nay, ENCOURAGE you to "twin your normal job hours into the pay down of the PN" as we regard you to be subject to energy theft by the PARASITIC STATE and Energy Stealing Banking Whore, so we Re-Dress this imbalance for you.
"I hope this now clarifies and bathes our position in light in order to better illuminate the path you are about to walk in order that you may feel at ease in the commitment you will make, life-long, to WeRe Bank."
Peter of England
In summary, Peter claims that when he sells a promissory note, the maker no longer has any obligation to pay it. If this is true, then the act of selling it reduces the value to zero. So no-one in their right mind would buy it.
In
Refusal & Discharge, Peter quotes Michael of Bernicia, who quotes
Bills of Exchange s43. But virtue of s89, s43 does not apply to promissory notes. Peter says this, copy-pasting from
Michael's blog:
Researcher’s Note: My interpretation and synthesis of the section above, specifically in relation to the tender of promissory notes in payment of a bill which has been accepted for value received, is that ...
So this interpretation is wrong. Michael and Peter could easily see this if they read s89.
(Michael failed to pay a £2m mortgage with a PN for £3m.)
Peter also has a new FAQ, again reproduced in full below:
Peter of England wrote:
FAQ
FAQ. Frequently Asked Questions
Q: The Paradox of asking for £ sterling when you claim you have your own unit of money of account?
Supplemental:
Many will ask: "But if you are telling us that the unit of currency, the Re, is what you claim it is, then why do you ask £10 sterling from us and/or £25 for a cheque book? Why can’t we pay you in Re? Isn’t this a bit of a contradiction?" Is it not a scam?
A: The answer to all those questions is a No! But it appears to be a contradiction to many. However, please think it through!
Yes, is appears to be a contradiction BUT that is only because during the embryonic stages, we require £ to pay for the various items and services which we cannot re-solve with our Re units i.e. website designs, printing, web hosting and the printing company certainly would NOT entertain "taking a cheque" for the first run of cheque books etc. Eventually this sterling requirement will NOT be required. Also we are pragmatic in that, for now, we will HAVE TO RUN THE TWO CURRENCIES SIDE BY SIDE in order to facilitate an eventual TOTAL cross over.
Also you should be fully aware that any cheque signed off in STG £ is honoured to the PAYEE not in STERLING but in Re units – which are "monetary units of account" "cheque book money" or "bank ledger money of account".
Q: Can I pay off the PUBLIC debt in Re instead of sterling?
A: Yes, this is an option. The currency box on the cheques is left blank – so you have the choice!
You can enter dollars [$], sterling [£], Euro [€] or any other symbol you wish
Q: What is WeRe Bank’s longer term objective?
WeRe Bank is a TRANSITION BANK and is positioned to buffer global populations from the turbulence of any financial melt-down or WAR that the Global Zionist Banking Elite attempt to expose you to over the inevitable breakdown of the global economy as they attempt TOTAL GLOBAL DOMINATION AND FINANCIAL SLAVERY. They are approximately 99% there as of 2015 May.
THEIR AGENDA IS ONE OF PERPETUAL WAR AND CONFUSION UNDERPINNED WITH POVERTY & FEAR
Q: Can you call in the Promise on the Note any time you wish?
A: No. It is NOT payable on demand.
Q: What if I have NOT paid down the note by its maturity date?
A: This is a possibility. However, please remember how much you will have saved by using the system and with access to the 1% Financial Transaction Tax bounty then realistically, by then, if this planet is still rotating on its axis – the monetary system, as you imagine it, will be no more.
Q: What is the hourly rate I will be paid in units of Re for any work undertaken?
A: It will be either 8 or 12 Re per hour – this has a spending equivalence of £16 to £24 per hour . A single unified rate may be introduced dependent upon "public" commitment
If you are booking as "billable hours" your current 9 ’til 5pm job then it will be credited as 2:1 and NOT unit for unit. Therefore, if you earn £300 per week – you will be credited Re 600. This will be offered as a "life-belt" of financial support until you can TOTALLY DISASSOCIATE yourself from "the system!"
Q: What if I’m incapacitated and can’t perform to pay off the note?
A: Re-Insurance has an interventionist approach in order to protect its members. It has EVERY PROMISSORY NOTE UNDERWRITTEN.
Q: What if you trade the note, like the current commercial private Rothschild bandits do, and then having taken the money or pay-off, still come after me for the unpaid "loan" "debt" or "liability" [so called]?
As you will see from the wording of the note, we have the option of trading the note as a "negotiable financial instrument." The moment we monetize it YOUR OBLIGATION ON IT IMMEDIATELY EXPIRES.
Q: Can I nominate my current weekly job hours to pay down the note?"
A: Yes, most certainly. We actively encourage this!
Q: What type of work qualifies for paying down the note besides the above?
A: Any work you perform, however menial you consider it, is classed as "Billable Time" at the basic rate as posted on the FLYER – WeRe Bank Flyer. These rates may change to the positive in the near future!
Q: Do I have access to the Global Collateral Accounts?
These are currently being un-ravelled and are in principle held in the hands of the Key-Holders of South East Asia. WeRe Bank has access to $500 billion in Gold Backed 1934 Chicago Federal Reserve Board Certificates. These are real assets and you have an equitable interest and claim on these accounts as a beneficiary – being a member of the Global Community born on Earth and NOT an ET, MIB, or member of the Global Cabal.
Q: Isn’t the 1% Financial Transaction Tax a "pipe-dream?" 1%FTT
Supplemental:
I hear that Re-Movement claims access to the revenue duties on behalf of all Re-Members [and hence eventually all the people of the United Kingdom] from the 1% Financial Commercial Transaction Tax amounting to "in excess of £1.85 trillion per annum" which is approximately THREE TIMES THE AMOUNT [£640 billion p/annum] CURRENTLY RAISED BY HM CUSTOMS AND REVENUE AND THE TREASURY WITH ALL ITS TAX REGIMES AND SCHEMES. How does this help me and is this not just "fantasy"?
A: The 1% FTT is realistic and is currently being "marked to book" by WeRe Bank. It is collectable via "SET-OFF". We know where it is, we know how much it is and we do not require any degree of co-operation from "the City, the Vatican or the Global Zionist banking cartel" in order to mark it to book as we have the Mind, the Will and Power to extrapolate the accounts and via an energetic osmosis, sequester it into the accounting of the People’s Bank.
Q: Can I pay private debts with the cheques?
For the moment we prefer you to pay only PUBLIC DEBTS [so called]
Q: I hear you are looking to introduce SCRIP as well as the present "monetary unit of account" called the Re? When will this occur?
A: Within the next 6 months
The first FAQ says that Peter realises that nobody believes his Re units have any value. They are worthless. Printer and web hosters want paying in real money.
This answer seems important to me:
Peter of England wrote:Also you should be fully aware that any cheque signed off in STG £ is honoured to the PAYEE not in STERLING but in Re units – which are "monetary units of account" "cheque book money" or "bank ledger money of account".
This seems to say (I hope Peter will correct me if I'm wrong) that if I pay a tax bill of £1000 with a WeRe cheque for £1000, the taxman won't get any pounds sterling, but instead will get Re units. I suppose the taxman's account at the WeRe Bank would be credited with these Re units. But Re units are worthless. The taxman won't accept them.
A promissory note is, by definition, an unconditional promise. Peter says that customers can "pay off" the note by doing any work such as taking the kids to school or doing their regular job. [Or by contributing to forums?!] But that would make the promise
conditional on not having paid it off, so the piece of paper wasn't a promissory note, and was worthless.
Peter asserts the promissory note has no value so the maker cannot be made to redeem his promise. So why does he want them? What is he going to do with these worthless (he claims) pieces of paper?
Peter already had a sample PN on his website:
10 YEAR MATURITY PROMISSORY (pdf). It contains the words:
This certifies that I, _____ promise to pay WeRe Bank [or Order] the sum of £150,000/Re148,000 for VALUE RECEIVED.
This is followed by "terms and conditions" that give permission for the bank to forgive the note, or negotiate it. They do
not place conditions on the promise to pay £150,000.
Suckers who fall for this scheme will gain 50 cheques that nobody will accept. They will lose
at least £25, plus £10 per month. They might also face criminal charges. They are also on the hook for £150,000.