080528
Black’s 7th (A.D. 1999):
“nondischargeable debt. A debt (such as one for delinquent taxes) that is not released through bankruptcy.”
[Defining “nondischargeable debt” as only applying to questions of bankruptcy implies that “dischargeable debt” is likewise a concept found only in bankruptcy. Is the essence of “legal tender” the ability to “discharge” our debts? [...]
080528
TITLE XXXIV-A
UNIFORM COMMERCIAL CODE
CHAPTER 382-A
UNIFORM COMMERCIAL CODE
ARTICLE 9
SECURED TRANSACTIONS
Part 3
Perfection and Priority
Subpart 1. Law Governing Perfection and Priority
Section 382-A:9-307
382-A:9-307 Location of Debtor. –
[The critical word appears to be “location”.]
(a) “Place of business.” In this section, “place of business” means a place where a debtor conducts its affairs. [This, in [...]
080523
Market Oracle recently published an article entitled “Grain Markets Panic Buying, Export Controls, and Food Riots.” In this article, author Joseph Dancy reports that “Long term global demand and supply trends in the agricultural sector remain very favorable for investors. New and expanding biofuel facilities, growing global population, and the upgrading of diets in many [...]
USA Today calculates that the federal government’s long-term financial obligations grew by $2.5 trillion last year, a reflection of the mushrooming cost of Medicare and Social Security benefits as more baby boomers reach retirement. That $2.5 trillion in actual federal liabilities is 14 times the $162 billion the government officially announced as last year’s deficit. [...]
080516
IRREDEEMABLE DEBT
In the previous two issues of American Gold, I observed that the world’s Gross Domestic Product of $65 trillion per year was incapable of paying the world’s total debt of over $500 trillion. I.e., the majority of the world’s debt can’t be paid. I then leapt (with surprising agility for a man of my [...]
080509
According to a May 2nd Bloomberg article, “Futures traders are betting for the first time since December, 2005 that the dollar will gain against the euro.” This optimism has been reported by a significant number of other commentators, economists and similar cheerleaders.
I’m not convinced.
80502
The U.S. government claims that the national debt stands above $ 9 trillion, with interest payments in fiscal 2007 adding $ 1.4 billion a day. The Fed and Treasury have engineered a strategy of managed devaluation to pay off the debt with weaker and weaker dollars. As a result, since 2002, the dollar has fallen [...]
080520
On 080520, I was watching “Celebrity Jury Duty” on TV. The jurors are “celebrities”. The judge is a real, former judge. A plaintiff trying to collect some alleged debt stated that a particular loan agreement was “actually signed by the defendant”. The judge said, “Strike ‘actually’.” The plaintiff replied “The loan agreement was signed by [...]
080527
Search for “Lawful estate” results in zero hits from the USSC, and only a handful of literal hits on Google.
But in searching for “lawful estate” I found the following definition of LEGAL:
080312
The following letter was allegedly written by Senator Tom Harkins of Iowa. There is some question as to whether the Senator is the true author or if the entire document can be attributed solely to Harkin(s). It is rumored that Al Barcroft called Senator Harkin(s)’ office to ask if he wrote this letter, [...]
