Angela Stark 3-21-10 Omar:
6 pm MST
Whfit 43.242 cash receipts…..
12 CFR 701.37 tax and loan account
Omar Cameron:
I worked in the securities industry particularly for a widely held investment trust. I’ll go into details on that. Back 2006 I was involved in a terrible incident and it woke me up and showed me I was mortal. After that I called different places with prepaid legal and so on. I finally ended up getting a publication called Super Spy and I don’t know how they found my address. I read something from American Bulletin, UCC redemption. I had been researching the internet. Then later in 2007 via a broke college student I went to a place called the Learning Annex and I think I used my last $20 to $50; it was purely sales and I met Donald Trump and a bunch of other people.
I met a man by the name of Bob and he became one of my mentors, one of the most important people I ever met. I had 4 mentors and 3 of them were lawyers. Anyway what happened I did an internship from May to August of 2007. I was their slave for about 13 weeks and I learned a lot of things about real estate and mortgages. I also worked with a credit attorney as well, and he taught me the secret of the credit industry. I’m just going to say here and now: debtors and creditors: look at the definitions in Black’s Law 1st Edition. Here’s what you will find; there is no debt only the evidence of debt. In otherwords the bankers violated Generally Accepted Accounting Priniciples (GAAP). When the lawyer taught this to me, he said Omar, you don’t get it, the banks should actually be paying you.
I didn’t understand; the people don’t know their rights; they are too damn stupid. You should start reading law, the fair debt reporting act, the fair debt collections practices act. So I did and he said I read the law and even suggested I become a lawyer. But I went on to do other things and researched to figure out how this could work. What I found completely blew me away; I listened to different seminars. I researched what we called corporations and I ran my own real estate business for 2 years. During that time I also participated in the acquisition of foreclosures and I just couldn’t do it, my conscience couldn’t handle it. I also participated in conference calls for bank portfolios such as REO’s where they take the repossessed property and sell it for 30 cents on the dollar. They are referenced (?) as tapes (?) and they can be sold for $10 million to $30 million, even $60 million. The problem was all the mandates that had tapes? sold over and over and over again but not for baby change and it became a huge waste of time. Don’t waste your time on those.
I later contacted Ralph Fisher and told him about my discovery and findings and you might have heard me on a talkshoe call last week with Sam Davis talking about the Widely Held Fixed Investment Trusts (WHFITS) and that it is a person. People have to understand that is not a very big deal.
When you were born and had your birth certificate, it merely serves as what we call warehouse receipt, evidence of the particular even that happened. Back in the old days of financing they took warehouse receipts and pledged them as collateral and was typically done by farmers. I only talk about bankers’ acceptances and trade acceptances, and so on. When you sign an application or a promissory note, you actually are doing what we call a banker’s acceptance where the bank is accepting your draft. Your promissory note. When a bill is accepted it becomes a promissory note. Read Modern Money Mechanics page 7, where they basically say they lent you the money through a promissory note. That is what it refers to.
There’s a lot of misinformation out there. You have a bunch of stock and the US is a trust certificate holder and if you look up the definition of trust certificate note or trust certificate bond, you will eventually find that a corporation is pledging other subsidiary corporations as collateral for all their debts. Here’s what you may not understand. On your birth certificate it ends up being property of the state for the most part and as you know it is a separate corporate fiction. But if you look at the bottom right hand corner you have an 8 digit number and sometimes on the left hand corner you’ll see CPA. Here’s the trick. With that particular number that is a bond serial number. Most people have been going out claiming you have a bond. You do not have a bond at all.
Bonds are actually pledged onto your shares of stock of the US of America and it becomes your liability. That’s why when you have the constitution the people became constitutors for the debt of the US. When some of the people have WHFITs like the ones that I worked with the private ones typically capped at about $25 million. I learned about the different yields that are paid for stocks and bonds and annuities and royalties as well as other WHFITS. These investments are fixed because you get a yield that is a fixed income. It’s also known as a rate of return.
8:10: this income is typically fixed and will rarely ever fluctuate. We have had some investors put money in this fund and get 60% per annum. And that would mean they would get a rate of return of 60% in a year. One of the members that actually worked for our company where I was an employee was able to get $1 million into the company. They got a $10,000 commission, 2%, plus the hedge fund manager where I worked would get a 1% management fee. Just for managing 1% of $25 million multiplied by 102030 for each of the different funds actually pooled as a WHFIT. The yield the investor was paid was $160,000 every year; he’d be paid $40,000 every 3 months. No bank will ever give that to you.
What happens typically with your WHFIT, the signature is that your person of the trust but what really ends up happening is what we called a street name. Under the street name is how your share of stock is registered in the United States, not registered under your name. that is registered under your broker who is actually the trustee. When you have the broker act as trustee, they typically have certain responsibilities. I will read you an article from a financial publication. Grant Thornton: Background of the funds: in general the ‘act affect’ mortgage and unit investment trust industry have four funds of fixed pooled mortgages, debt instruments, equities or other financial instruments. To avoid an ?entry? level a fund must be classified as a trust for tax purposes and not as an association taxable as a corporation. (That trust document you guys fill out is typically the 1040. that is a trust agreement and you can go to Christian Walters calls and find out about that.) Trust classification causes the fund to fall under the grantor trust rules which in general tells you that the trust is effectively ignored and the certificate holders are recognized as the owners of the assets held in the funds. (That’s you.) This treatment has caused many headaches for tax reporting purposes. The beneficial owners of the trust must report income based on the timing of receipts by the fund and not by the timing of the distribution made by the fund. In other words the trustee is viewed as agent collecting principal and income payments and paying __________ on the certificate holder’s behalf. A lot of funds hold mortgages and other asset based securities and the ________ rules they are not addressed here..
Angela: Omar, what are you reading from; is that one of the attachments that we have? Omar, I believe it is one of the attachments. It is actually US Treasury Department issues final regulations for WHFITs. Pages are up and live; the pages are on the http://privateaudio.homestead.com website.
12:21:
When you have a bond, that is really nothing more than debt. Your stock merely acts as equity and all of these particular instruments, debt instruments and securities, all have what you call CUSIP numbers. I would highly suggest that you do not use the CUSIP numbers. Seriously. Because that is actually property of the American Bankers’ Association and you can be accused of trademark infringement. I can get into redemption and all that, and I choose not to do that today. When you have this kind of fixed income you have multiple bonds pledged by the municipality, the corporation, as well as the state and federal government. When they are pledged they have a maturity period. T-bill are typically a year; T-notes are 5 years as well as T bonds that can go for 10 years or more for the most part. What also happens is that you have coupon payments. These are the interest payments typically paid by bonds from the bond holders through the paying agent.
My original thought was that US Bank was actually the place that issued the bonds and I was incorrect. That’s not how bonds actually work. When you have a bond and it is issued, it is issued by the municipality. When it is issued it is actually sold at the same time and pledged to your shares of stock in the United States. You don’t actually have the bond, they are pledging them to your subsidiary corporation or what you would call your strawman. Now, if you were to call US Bank which is also known as US Bank Corporate Trust services, and as a side note, they were started in 1929. I’m not suggesting people go and write their own bonds because you don’t have the standing to write your own bonds. They actually have to be cleared through the DTC. The DTC is actually your broker and they are the ones that are holding your dividends.
When you have your dividends they are derived from the share of the profits from what the brokers already made. Just like when you have what you call yields premium, there is yield spread between your broker and who they sold the note to. What ends up happening in most cases when you are doing an _________ substance it ends up being called what we call an obligation in which you actually bonded yourself. Unless you rebut that obligation you are pretty much screwed. I’ll get into civil rights and why they are your primary defense.
When you are talking about the DTC, they are actually the holder of 99.99% of all US securities and I mean all of them. They serve as the warehouse as well. This relates to 1099 OIDs and there are only 2 reasons you ever do them. 1099OIDs original issue discount does not apply to you because you are not a bond holder. Bonds are merely issues; you have to understand they are merely used as transmitting utilities. And the government 9 times out of 10 will usually be right and that’s because they are the ones that created it. There will be issues where you are dealing with contract law and trust law. The trust law is there is the grantor trust and the grantor beneficiary. And, the trustee is the DTC. Then there is contract law which always predominates. For the
__________ of the state. He who bankrolls (?) something knows exactly what he is asking for. That is why you’ll see a lot of your documents say application. The lending party has the intellectual property copyright that puts them in the dominate position. You are literally tricked.
When you talk about the different bonds, what you have actually issued is what we call debentures, and you can consider them promissory notes. What people have failed to understand is what most people have called the exemption. But an exemption is nothing more than a tax credit off your net income and if people had actually read the social security trust fund reports they would know there is nothing really held of value in the social security trust funds. They are merely non-negotiable US government securities. If you are looking at the social security card, you will notice that the serial number on the back is in red, and the front will be in red. Older social security cards also say US Department of the Treasury. But many people believe that they are issued by the IMF.
I can give you a link to the IMF that states that the payments themselves are indicative of what the government wants to spend. What happens is that you have the social security trust payments and those are typically derived from the taxes you pay from every year that you work. What happens is the excess social security trust payments for the most part go straight to the treasury general fund. Any excess social security payments go straight into the TT&L account which we do not have; we do not have TT&L accounts because they are only held by commercial banks. I have actually called them and I have the treasury publication that states that as well. It’s a particular CFR.
What happens is the excess payments are sent to the commercial banks to be held as reserves. That is, reserves, so the bank can make more loans. If you read the social security report for 2007 you will see the cash receipts and they actually tell you the day to day collections and how the government rates its money for its business operations. If you go to the Department of Treasury website, you can look at legal tender status and it talks about US notes right here. I recently emailed the federal reserve with a FOIA request and they claim they don’t use the numbers on the back of the social security card. They don’t and they are absolutely telling the truth. Here’s another paragraph I’ll read you:
Congress has specified that the Federal Reserve Banks must hold collateral of equal value to the federal reserve notes the bank receives. This collateral is chiefly gold certificates ad US securities. Notice they did not say US securities that are held in the social security trust fund and don’t forget that according to title 31 there are only 300 or so US notes available. Thomas Jefferson once said that a dollar note is as good as a dollar bond. So, each one of the banks of the federal reserve would have about $25 million in US bonds, securitizing their interest in the amount of US notes that are held in circulation.
20:00 What happens is that the banks act as depositors of public money. There was one guy that claimed that people were the trustees of public money. This is absolutely not true. We are not trustees of anything. We lost that right back in 1933. There’s a bunch of different laws you can get into. As I continue to read this: this provides when a note issued. The idea was that United States take over the notes and liability. This is under 12 USC section 411, but the government would take over assets that would be of equal value. Federal reserve notes represents all aspects of the federal reserve banks known collateral specifically held against them.” It is mathematically impossible to pledge $300+ million of US notes against the number of citizens that we have. Therefore, it would be about $650,000 promissory note that is pledged on to the social security trust fund. This is primarily backed by the US notes held as collateral which is why the first letter will be that of a US bank. It is their interest. I highly suggest that you do not use those numbers on the back of your cards.