In this eye-opening episode of RealWorldFare, we break down the hidden truth about promissory notes, banking, and financial transactions that most people never question. When you sign a promissory note, are you really borrowing money—or funding the entire transaction yourself?
Under statutes, codes, and public policy, bills of exchange are legally recognized as currency since they discharge debt obligations in commerce. HJR 192, 31 USC 5118, and 12 USC 412 establish that debt instruments have replaced gold as legal payment. UCC provisions (3-603, 3-311, and 3-601) affirm that presenting a bill of exchange settles debts, even if rejected.
While many Americans struggle to make car payments and/or struggle to save up to buy their dream cars, they are […]