6. What is convertible debt?
A convertible debt is any form of debt that can be converted into another form of debt. Federal Reserve Notes can be converted
into mortgages, stocks, bonds, annuities—-any other “debt instrument” or “debt based security”. A fraudulent convertible debt is
a debt that is created by fraud and then converted. That’s what we have going on in America right now.
Pull up the Bankruptcy Act and look at Section 101 (11). There you will see who the actual Creditors of the Trust Management
Company FDR bankrupted in 1933 are—-the living people, Americans at that time and their heirs, are the Priority Creditors and
Entitlement Holders, but because of the monopoly inducement explained in Item 5, you’ve all been arbitrarily “redefined” as
What happens when you pay an electric bill addressed to the federal franchise ESTATE trust currently doing business under
your NAME as a franchise of the UNITED STATES, INC.? You become a debtor instead of a creditor so long as you pay it in
Federal Reserve Notes. The utility company seizes these debt notes you’ve so graciously provided to them for free and converts
them into other forms of debt—buying up stocks, bonds, insurance policies, etc.—-benefiting itself.
The “debt” thus created is fraudulent on three counts— first, it is the by-product of illegal monopoly inducement forcing you to
use Federal Reserve Notes as legal tender in the first place, second, it is a debt owed by the federal franchise ESTATE trust
doing business “in your name” but deceitfully presented to you as if it were your debt, and third, you have been coerced to pay
off a billing “statement” instead of a real bill.
So we have a debt created by fraud converted into other forms of debt benefiting —in this example, a utility company which
reinvests “your” Federal Reserve Notes in other forms of debt. That is fraudulent convertible debt in practice.
This is yet another way in which you are being defrauded and the value of your labor and other resources is being converted to
benefit incorporated entities at the expense of you and your private estate.
Next time you get a tax bill, a utility bill, a credit card bill or any other “bill” addressed to YOUR NAME IN ALL CAPITAL
LETTERS, look at it very closely with the understanding that (1) the item is addressed to a Puerto Rican “federal franchise”
ESTATE trust doing business in your NAME, not to you; (2) the item is a “billing statement” or “billing summary” or some
other name, but never an actual Bill so technically, even the ESTATE has not been billed; (3) these billing statements are not
denominated in dollars—except occasionally by mistake—-the “amount owed” appears as a series of numbers, commas, and
dots similar to that used to write dollar amounts, but there is no dollar sign and no words indicating the kind or form of money or
currency that is supposedly owed.
For example, your property tax bill will show up addressed to YOUR NAME and the statement will show that YOUR NAME
owes a number written like this: 6,955.43 for 2013 or that YOUR NAME’S house has a value of: 258,990.00 according to the
Tax Assessor’s Office. These are just deceptively constructed series of numbers, dots, and commas designed to make you
assume that these represent dollar amounts. Again, technically, not even the ESTATE has been billed for anything.
It’s all constructive fraud based on semantic deceit, illusion, and processes of assumption knowingly pursued under conditions of
This is done on purpose, with malice aforethought. The perpetrators are giving you notice that a bill related to the ESTATE
named after you exists, but they are actually and purposefully preventing you from paying it. If they sent a real Bill, you could
either discharge it through the U.S. Treasury Window at any Federal Reserve Bank, or, you could present it for payment under
UNCITRAL and exchange it against your Birth Certificate Bond or other assets held by the US Bankruptcy Trustees in your
name. This process of discharging debts, unlike using Federal Reserve Notes, actually pays the bill, and since the entire game is
about forcing you to indebt yourself, the perpetrators spare no effort to prevent you from discharging the bills related to their
“federal” ESTATE trust.
Another reason they refuse to provide you with an actual Bill is that what they are doing is a crime.
As long as they are sending these “billing statements” to a federal franchise ESTATE trust, they technically can’t be accused of
billing you. As long as they don’t provide you with an actual Bill, they can’t be accused of false billing, either. According to
them, they don’t know what you are talking about. What bill? We never sent that man a bill….we sent a billing statement
addressed to a Puerto Rican ESTATE trust that “just happens” to have the same name and address. Who cares if we fully intend
to force and coerce the living man to pay us with an I.O.U. and owe us even more debt after he “paid” than when he started?