The WeRe Bank...The Road Ahead [Peter of England]
[As always, my infrequent comments in square brackets.]
65 people/day joining. 70% are from UK.
Paypal account still not accessible. Looked at Paytronics. Meetings are good. "The last place they want me is in a court of law, talking about this." We need to grow the meetings.
15m 0s: short break.
Some cheques are being returned, eg by utilities and councils. WeRe is a bank because I say it is.
22m 0s: Nat West Egham branch, 50 High Street, has sent Peter a letter with attached WeRe cheque for £1093.64, "to the manager of WeRe Bank", asking for clearing. "Advice of a special presentation cheque." The letter has a bank giro paying-in slip at the bottom. [25m 40s] Peter points to the credit slip and says, "In effect, they have sent you a cheque."
A similar letter from Sedgemore in Somerset. Others from Hewlett-Packard from Crawley, Scotia Bank in Hamilton, Ontario etc.
30m 0s: War. The agenda of this planet is war. Banks handle money for war. Devaluation of money is bad.
39m 48s: The Re is pegged to time. The Matrix, Neo. Gold.
48m 40s: The world of ideas. We [WeRe Bank] have got to get to critical mass. Probably 10,000 people. The black cube and red sphere. The runic symbol. We must grow the movement, meetings that fill stadia by the end of the year. "You are either with it, or against it." A brotherhood, a collective, a union. A membership drive. It is not for me to make money.
1h 05m 0s: The web site will contain a facility for the banks, to see what cheques have cleared. We are the bankers' prayer. There will be a map so you can see what members are in your area. 1h 10m 0s: There will be both the Re units, and a gold-backed unit. We are going to create our own reserve currency.
1h 11m 6s: A slide says:
Divest yourself of toxic, worthless "counterfeit" paper while you can!
Send me gold and I will multiply its value by eight. We will create paper money that contains physical gold.
1h 20m 0s: There will be two Re Units: for time (ReT) or gold (ReG).
1h 25m 55s: Join ReMovement. Put your cash in an envelope. Fee is now £35: £10 for first month, and £25 for book of 25 cheques. Thereafter membership is £120/year, £30/quarter, payable with 1gm 99.99% fine gold (special delivery postage is £6.47). Cheques will soon have name and account number pre-printed.
1h 29m 30s: As well as the note, there will be a charge card. It will be charged up with Re Units, either gold-backed or time-backed. Retailer won't need permanent electronic connection, but will download information in the morning, upload in the evening.
1h 31m 0s: Questions.
Paying a mortgage: don't bother paying every month, just pay it all off with one cheque. Make it out to the mortgage lender. Ignore any request to make it payable to your own name.
Peter mentions that the UN Convention on International Bills of Exchange and Promissory Notes has a section that says it doesn't apply to cheques. But a draft of the convention, before it became legislation, said it
would apply to cheques. [It isn't legislation at all.]
In the old days, they would send your cheque back for your records. So if they do this now, it doesn't mean they haven't used to credit your account. [As always, Peter is confused. In the old days, the drawer's bank would return the cheque to the drawer, marked as "PAID". It wasn't the payee who returned the cheque.]
1h 38m 30:
Peter wrote:Just so we clarify fraud, fraud is a passing-off. That's trying to dupe somebody [...] on the belief that what they are acting on is the genuine article. So that's the copying of a Monet picture, copying a Bank of England note, [...] So no-one can use that argument, if the sort code isn't recognised as being of any other bank in the UK [...] So it's stretching credibility for them to suggest it is fraudulent.
[As before, Peter is confusing
fraud with
forgery.]
If the payee returns the cheque, do a notarial protest. Tell them they must send it for clearing.
What can the cheques be used for? For alleviating debt. A last resort for people in danger of repossession, of credit card company taking them to court, etc. Public side includes banks, council, car finance, insurance etc. Not to be used like a chap whose usual Barclaycard bill was £500. One month it was only £19, so he paid with a WeRe cheque and they closed his account. Use WeRe cheques
only when your back is against the wall.
Q: People such as John Harris have died for doing less that you are doing; what is your protection? A: Hitler said the degree of heroism is proportionate to the degree of risk. I'm not a fan of Hitler but everyone should read Mein Kampf. Extra terrestrials.
Q: If 150 people in this room give you £35, are you going to move to the Caribbean? A: There are easier ways of making £35. I live very frugally, I live in a camping car. You can only recognise the truth.
2h 04m 30s: Q: Within how long should we make the notarial protest? A: Within 3 days.
Q: Can we send you a second promissory note? A: We are trying not to do that, although some people have sent in as many as ten. It should be payable-down in about ten years.
Q: Can we pay off an overdraft with a cheque? Yes.
Q: If we get a cheque from someone else [from a real bank], can we pay this into the WeRe bank? A: No.
Peter has one other helper, near Gloucester, doing data entry etc.
As always:
- Peter never said he actually pays any cheques. He says he "clears" them, but never says he "pays" them.
- Peter never said he has tried to use a WeRe cheque.
Why didn't anyone ask these questions? Perhaps they did, but they were edited out of the video.