It appears he is trying to pay his bill with a registered security. This can be a number of things but, basically, it’s a document showing ownership of some value of something. Stock in a company can be a security, investments in a market index, etc. They have legit value, they are transferable, but they have a fungible value, based on the value of whatever the security is in, at the time it is purchased/sold.
For some reason he seems to believe that because something has a legit, defined, value the company is legally obligated take it as a form of payment. This is completely untrue, of course. They don’t even have to take local currency if they don’t want to (ex- if you have a $300 bill, and you try to pay in pennies, they have a right to turn down the payment). The UCC 3 he mentions is a form to amend information on a lien.
SCs believe that the United States Corporation uses US citizens as security to take out international loans.
For that purpose, the government opens up a secret bank account in the name of every citizen at birth.
If you know the correct magical mumbo-jumbo language, you can release the money deposited in that account for yourself and use it to pay for things, since you aren’t a member of the corporation anymore.
JFC. There is financial, and political, illiteracy, then there is this. It’s like they worked on the illiteracy, made it something beyond that, and then honed it, super illiteracy, if you will. I mean, the government, in a very round about way, does secure loans on it’s people. However that is because the people create economic value. That value, and it’s historical stability, are some of the metrics used.
Maybe they heard about how corporations take out insurance on their employees, and have accounts that can pay-out on their death, smoked a bunch of meth and extrapolated this shit out of it?
More importantly, the scammers who came up with this shit figured out a way to promise their marks easy access to a secret stash of money, and all they have to do to claim it is buy a how-to guide for several hundred dollars in real cash.
The logic is great on this. “Give me your worthless dollars and I’ll give you this secret currency that is actually valuable.”
Why would anyone want USD when they claim it will be worthless soon? The exchange makes no sense for the seller if true. Same idea for the gold and silver grifters charging way over melt.
Only debts to the government. They also only have to accept cash in person. For example. If you owe the IRS 5k and you go to a local Taxpayer Assistance Center, with 5k in coins, they have to accept it. However, if you are paying via mail, online, etc., they are allowed to restrict the payment types they will accept.
I believe the Government has to accept cash for any charges, but private companies have to accept cash for debts. Like if your car gets towed, the tow company must accept cash, even if it’s all pennies.
This is only true for certain states and certain businesses. For instance, if you are in Texas your example of towing is correct. In the state of Ohio the state law states that tow companies can only accept cash, certified checks, Discover, Mastercard, American Express, and Visa. However it does not dictate that they MUST accept all of those. The point of the clause is to remove personal checks from the system, since most tows are requested by a government body, and personal checks are a major vector for fraud.
However, in Texas, towing is one of like 3 different things I can find that require cash acceptance. All of these are mostly business generated at the request of the government.
Now, debt owed to private businesses, that gets rolled into some sort of government mediated mechanism, IE bankruptcy, do have to accept cash. That debt collection is generally either handled by the government, or a third party contractor. There are no blanket, federal level, laws that dictate businesses must accept cash. Now, there is a growing movement to make state laws forcing this. This is because cashless systems create an extra barrier for poor people, especially the homeless, minorities, and the elderly. Though this is in it’s infancy and it’s hard to tell how well it will be accepted.
Where’s the “that type of payment “? What was it?
It appears he is trying to pay his bill with a registered security. This can be a number of things but, basically, it’s a document showing ownership of some value of something. Stock in a company can be a security, investments in a market index, etc. They have legit value, they are transferable, but they have a fungible value, based on the value of whatever the security is in, at the time it is purchased/sold.
For some reason he seems to believe that because something has a legit, defined, value the company is legally obligated take it as a form of payment. This is completely untrue, of course. They don’t even have to take local currency if they don’t want to (ex- if you have a $300 bill, and you try to pay in pennies, they have a right to turn down the payment). The UCC 3 he mentions is a form to amend information on a lien.
SCs believe that the United States Corporation uses US citizens as security to take out international loans.
For that purpose, the government opens up a secret bank account in the name of every citizen at birth.
If you know the correct magical mumbo-jumbo language, you can release the money deposited in that account for yourself and use it to pay for things, since you aren’t a member of the corporation anymore.
JFC. There is financial, and political, illiteracy, then there is this. It’s like they worked on the illiteracy, made it something beyond that, and then honed it, super illiteracy, if you will. I mean, the government, in a very round about way, does secure loans on it’s people. However that is because the people create economic value. That value, and it’s historical stability, are some of the metrics used.
Maybe they heard about how corporations take out insurance on their employees, and have accounts that can pay-out on their death, smoked a bunch of meth and extrapolated this shit out of it?
More importantly, the scammers who came up with this shit figured out a way to promise their marks easy access to a secret stash of money, and all they have to do to claim it is buy a how-to guide for several hundred dollars in real cash.
The logic is great on this. “Give me your worthless dollars and I’ll give you this secret currency that is actually valuable.”
Why would anyone want USD when they claim it will be worthless soon? The exchange makes no sense for the seller if true. Same idea for the gold and silver grifters charging way over melt.
wait. I thought there was a law requiring us currency to be accepted for debt payment.
Only debts to the government. They also only have to accept cash in person. For example. If you owe the IRS 5k and you go to a local Taxpayer Assistance Center, with 5k in coins, they have to accept it. However, if you are paying via mail, online, etc., they are allowed to restrict the payment types they will accept.
I believe the Government has to accept cash for any charges, but private companies have to accept cash for debts. Like if your car gets towed, the tow company must accept cash, even if it’s all pennies.
This is only true for certain states and certain businesses. For instance, if you are in Texas your example of towing is correct. In the state of Ohio the state law states that tow companies can only accept cash, certified checks, Discover, Mastercard, American Express, and Visa. However it does not dictate that they MUST accept all of those. The point of the clause is to remove personal checks from the system, since most tows are requested by a government body, and personal checks are a major vector for fraud. However, in Texas, towing is one of like 3 different things I can find that require cash acceptance. All of these are mostly business generated at the request of the government.
Now, debt owed to private businesses, that gets rolled into some sort of government mediated mechanism, IE bankruptcy, do have to accept cash. That debt collection is generally either handled by the government, or a third party contractor. There are no blanket, federal level, laws that dictate businesses must accept cash. Now, there is a growing movement to make state laws forcing this. This is because cashless systems create an extra barrier for poor people, especially the homeless, minorities, and the elderly. Though this is in it’s infancy and it’s hard to tell how well it will be accepted.