MEMORANDUM OF PROPOSED POLICIES AND PROCEDURES

TO COMMENCE RECALL OF ALL FEDERAL RESERVE NOTES

 

October 25, 2013 A.D.

 

Hon. Larry R. Felix, Director

Office of the Director

U.S. Bureau of Engraving and Printing

14th and "C" Streets, S.W.

Washington 20228

District of Columbia, USA

 

Greetings Director Felix,

 

I am writing again to make you aware of two (2) lawful INVOICEs which constitute Actual Notice of certain debts which are now payable to the Treasury of the United States.  See 31 U.S.C. 302.

 

Each principal amount has been tripled using the automatic triple damage multiplier expressly authorized by the United States Civil RICO statute at 18 U.S.C. 1964(c).

 

On both INVOICEs, my Management Fee has been computed as one percent (1.0%) of the difference between total triple damages, minus the principal amount (i.e. one percent of two-thirds of the total debt, before accrual of any lawful interest amounts).

 

Under separate cover my Office has requested your Bureau of Engraving and Printing to resume issuance of lawful United States Notes, in the usual denominations. Further investigation has provided us with additional authority originating with President John F. Kennedy’s Executive Order #11110, which remains in full force and effect today.

 

In this context, you should also be aware and prepared to understand the overall implications of the DECLARATION OF INSOLVENCY duly filed and served in the U.S. Bankruptcy Court for the Eastern District of Washington, with particular emphasis on the stated policy of recalling all Federal Reserve Notes (“FRN”) and exchanging same, one-for-one, with United States Notes.

 

In light of all the above, please accept this Memorandum as an expression of the willingness of my Office to reach an equitable settlement with the United States (Federal Government), under terms and conditions which approximate the following as closely as possible:

 

(1)     The Management Fee showing on the latest INVOICE to The State Bar of California will be divided initially into fifty (50) equal Parts, one for each State of the Union, i.e. $12 Billion USD, divided by 50, equals $240 million United States Dollars (“USD”);

 

(2)     The Bureau of Engraving and Printing will then commence to print a quantity of U.S. Notes in $100.00 denominations equal to one (1) of those 50 equal parts i.e. 2.4 million U.S. Notes @ $100 =  $240 million USD;

 

(3)     That quantity of 2.4 million U.S. Notes @ $100 each will be deposited into a qualified State Bank chosen by my Office, e.g. the Bank of North Dakota appears to meet or exceed the initial requirements for this “recall” program;

 

(4)     The State Bank chosen for this initial deposit will be instructed by the U.S. Department of the Treasury to open an account in my chosen name -- Paul Andrew Mitchell -- without any SSN, and to credit that account with a starting balance of $240 million USD;

 

(5)     Upon receipt of confirmation that this starting balance is deposited and ready for withdrawal(s), my office will amend the original INVOICE to The State Bar of California by reducing the unpaid Management Fee by $240 million USD i.e. Part 1 of 50, and increasing the principal owed to the Treasury by the same amount;

 

(6)     That State Bank will also be instructed by the U.S. Department of the Treasury to designate me as the sole Person authorized to draw upon that account by the means most convenient to me and to that Bank e.g. renewable debit card, wire transfer instructions etc., so as to maximize the goals of liquidity and flexibility;

 

(7)     In consideration for Management services provided by my Office, the U.S. Department of the Treasury will also instruct the same State Bank that the starting balance, exclusive of any accrued interest, is and shall remain free and clear of all State and Federal taxes of any kind;  taxes on all accrued interest will be timely negotiable between my Office and each State Legislature;

 

(8)     In compliance with the general “recall policy” summarized in the United States’ DECLARATION OF INSOLVENCY, the same State Bank shall commence to accept Federal Reserve Notes (“FRN”) during normal business hours from the Public at Large “over-the-counter” and in exchange for that Bank’s existing balance of U.S. Notes, until such time as the latter supply is exhausted;

 

(9)     As soon as other State Banks are able to implement all changes required for them to qualify as willing participants in this same “recall” program, the sequence of steps identified above will be repeated until the remaining forty-nine (49) Parts of the original Management Fee are likewise deposited in State Banks in the remaining 49 States of the Union, one State Bank per State;

 

(10)   In order to honor the AUTOMATIC STAY expressly authorized by the Federal bankruptcy law at 11 U.S.C. 362 and formally invoked by the United States’ DECLARATION OF INSOLVENCY, on the schedule and pursuant to the procedures promulgated by the U.S. Bureau of Engraving and Printing, participating State Banks will ship to the Bureau of Engraving and Printing all Federal Reserve Notes that have been surrendered pursuant to the steps itemized above, for immediate destruction and without being deposited in, or credited to, any Federal Reserve Bank(s);


(11)   Upon receipt of a batch of Federal Reserve Notes surrendered in the manner described above, the Bureau of Engraving and Printing will promptly replace all such Federal Reserve Notes with an equivalent batch of U.S. Notes, in the same denominations, by shipping the latter batch of U.S. Notes to each State Bank whence the corresponding batch of surrendered FRNs originated;  and,

 

(12)   The U.S. Bureau of Engraving and Printing will establish and enforce a nationwide deadline e.g. 3 years hence, after which all participating State Banks will no longer exchange Federal Reserve Notes for United States Notes in the manner described above.

 

 

As previously stated above, these Proposed Policies and Procedures are consciously designed with two goals in mind: (a) to improve the balance sheets of all participating State Banks and (b) to maintain proper accounting of all amounts receivable by the U.S. Department of the Treasury in Washington, D.C.:

 

(A)     each participating State Bank benefits from a one-time deposit of $240 million USD, and no such Bank should suffer any serious negative effects as long as the Bureau of Engraving and Printing promptly replaces all surrendered FRNs with United States Notes on a one-to-one basis;  and,

 

(B)     in effect, the U.S. Department of the Treasury “advances” the Management Fee to the Undersigned in the form of 50 payments @ $240 million each, in return for the legal right to collect the same amounts, plus all applicable statutory interest, from all staff and registered “members” of The State Bar of California.  See Step (5) above, in particular.

 

 

We will look forward with great anticipation to your Memorandum of Understanding acknowledging all of the above.

 

Thank you very much, Director Felix, for your continuing professional consideration and cooperation.

 

 

Sincerely yours,

 

/s/ Paul Andrew Mitchell

 

Paul Andrew Mitchell, B.A., M.S.

Private Attorney General, 18 U.S.C. 1964(a) and now

Acting United States Attorney General in Fact

http://www.supremelaw.org/decs/agency/private.attorney.general.htm

Criminal Investigator and Federal Witness: 18 U.S.C. 1510, 1512-13

 

 

Copy:  Chief Executive Officer, Bank of North Dakota