No word, yet, from Ceylon about the questions to Peter.
However, Peter is busy adding junk to the
WeRe Bank webite.
Peter tells payees that they have to accept WeRe cheques. Not true: cheques are not "legal tender", and payees are not
obliged to accept them.
NOTICE TO PAYEE - LEGAL DEPARTMENTS AND ACCOUNTING/BOOK - KEEPING DEPARTMEES (pdf)
Most payees and their banks know how cheques work and what to do with them. But Peter puts his own spin on it, misunderstanding Bills of Exchange Act s42 and s43. The cheque-book will contain 50 copies of these misunderstandings, one for each cheque, presumably with the intention of blinding the payee with BS. S42 and s43 refer to "presented for acceptance". This will occur when the cheque is sent to the WeRe Bank for payment. The WeRe Bank would either accept it (and pay it), or dishonour it. Peter thinks that "presented for acceptance" occurs when a WeRe customer hands a cheque to a supplier. He is wrong.
Peter of England wrote:Should you fail to accept it or refuse to honour it you will be in breach Section s42 & 43 for Non Acceptance and Dishonour and the DRAWER walks free and clear
Nope. That is garbage. s42 actually says that if the WeRe Bank dishonours the cheque,
and the supplier doesn't get back to the WeRe customer saying the cheque has bounced, the supplier has no come-back on the customer.
Peter often references the "UN Convention on Bills of Exchange and Promissory Notes 1988". He means the
United Nations Convention on International Bills of Exchange and International Promissory Notes (New York, 1988). For the convenience of readers, he has copied the document to his own site, linked from his page
UN Convention & Cheques. As usual, Peter cherry-picks. He ignores three important points. (1) The convention does not apply to cheques. (2) The sample promissory notes Peter shows are not
International notes, so the convention does not apply to them. (3) Even worse: the convention
has not been signed-up to by ten states, so by article 89 the convention isn't even in force. So the convention doesn't apply to anything.
These fifty slips of paper, one per cheque,
include:
WeRe Bank confirms that this cheque IS DRAWN ON A BANK ACCOUNT –THE BANK HAS FUNDS ON DEPOSIT in the name of the DRAWER TO CLEAR THE ISSUED NOTE TO YOU THE PAYEE – THE “MONEY” IS BANK LEDGER MONEY OR MONETARY UNIT OF ACCOUNT and can be transferred to you either electronically within the CLEARING PERIOD
"Either" ... or what? The sentence stops abruptly. Anyhow, this is the heart of the matter. Either this is a lie and WeRe does not have funds on deposit, or it does in the form of the £150,000 promissory notes the suckers have sent to the bank. When the cheque arrives at the WeRe Bank for clearing, how will Peter pay it? How will Peter honour the cheque? My answer: he doesn't have the sterling money to cover it, so he won't pay it. Cheques will bounce. Suppliers will go back to the suckers and say they haven't paid their bills. Either this, or Peter has sold a few £150,000 promissory notes, in which case those suckers are in real trouble. To be fair, yes, there is a third possibility: Peter waves his magic wand, creates money from thin air, pays the cheques and everyone is happy. I wouldn't bet £10 on this possibility, let alone £150,000.
I love the
KARMIC CLICK! page. An extract:
FOR THOSE OF YOU WHO WISH TO DENIGRATE THE INTEGRITY OF THIS SITE…
it’s ideology, intention and purpose, raised up, as it has been by Divine Degree… those of you whom attempt to assail the unassailable – Re-Movement, WeRe Bank, Freeman Legal Services, the International Common Law Court of Record 75 01 81, and Peter of England,and all peoples of the world enjoined with it – then you should be made aware of the Law of De-Polarization which is hereby invoked:
Well, I suppose that would be me, pointing out that the WeRe Bank won't work. What is this "Law of De-Polarization"? I can't follow it, but I enjoy:
Tell me: "Has your soul just felt the CLICK?"
Oh, I bet it has!
The Egregore has just been engaged.
This page has been charged with an ENERGY FIELD.
It is now attached to you.
"Egregore" seems to mean "collective group mind", though I guess "group-think" would cover it. Gosh, a group-think of WeRe suckers engage with me. Help me. I'm so frightened.
Perhaps Peter will prove me wrong. I've been wrong before, and I'll be wrong in the future. Perhaps Peter really can magic-away people's debts. But his explanations of how he will do this are clearly wrong. He has shown no evidence that his "Bank" is registered, regulated, carries any of the usual guarantees, has any capital, nothing. It looks like a scam and smells like a scam, so I call it a scam.
EDIT: I forgot to mention: Peter signs the
Karmic click page as "Peter of England LL.B, FRC". I don't know what "FRC" might stand for. If he has a law degree, he should demand a refund.