Don’t have a Cow..no actually:Do

Holy Cow

A group of funny so and so’s are about to use a cow to make a serious point about the financial system.

They intend to offer 1 cow in exchange for the combined debt of every South African.

Is it possible?

Here is what they say:

it seems that the law in South Africa provides for this. Chapter 3 of the Bills of Exchange Act read with sections 45 (8) (a) of the High Court Rules and section 10 (g) (i) of the South African Reserve Bank Act would (along with an enormous amount of additional research) seem to make paying your debt with a cow not only legal, but completely… natural.

The South African government would need to accept the cow as delivery of payment…

There are certain provisions, however, that  must first be met. For example, on the side of cow the words “I promise to pay the bearer on demand“ should be written, along with the total amount and a signature. Then the cow must be delivered to the South African government.

The idea is to physically deliver the cow to the gates parliament..The moment it is delivered, the cow would legally be transformed into something called a negotiable instrument. Negotiable instruments “serve in effect as money” which means that the cow would, for all intents and purposes, become money. From that moment onward the payment of all the debts of the people becomes moot.

If a bank’s promise is used and accepted by the people of South Africa as money, then could a person’s promissory note also be accepted? Legally, such a promise can be written on a piece of paper, a napkin… or a cow.

Debtfree will keep you up dated as they milk this story for all its worth.