DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - The point it all changed

**bixlewlyimila** · 07-22-2012, 01:16 AM

I want to know when the tide changed from cash to credit, After Erie RR v. Tompkins and other events in the '30s which set the stage for the disconnect between value/substance and (what now passes for) money the moneychangers had to come up with a new system. The system remained in a sort of limbo during this 30 year transition with the first phase apparently being Bretton Woods. During the course of the '40s and '50s the Uniform Commercial Code was formulated/'codified' and via the UCC a number of jurisdictions/systems of law were blended together (admiralty, equity, the Negotiable Instruments Act, Law Merchant, etc.). Since there was now a 'colorable' money (i.e. not genuine) there had to be a colorable jurisdiction to go along with it, this new jurisdiction being administrative jurisdiction. By 1966 all '50' states of the union had adopted the UCC within each respective state, e.g. in Texas it's titled the Business and Commerce Code although it's virtually verbatim UCC. All states have the identical code with various differing titles.

Because (what now passes for) money had no substance/value we are unable to 'pay' our debts at law since 'to *pay* a debt' means to extinguish the debt. What goes on now is discharging debt with limited liability (a privilege/benefit granted by the corporate state) since IT IS NOT POSSIBLE TO *PAY* A DEBT WITH A DEBT!

It all stems from the 1913 and 1933 events.

07-22-2012, 01:16 AM	#14
bixlewlyimila Join Date Oct 2005 Posts 367 Senior Member	I want to know when the tide changed from cash to credit, After Erie RR v. Tompkins and other events in the '30s which set the stage for the disconnect between value/substance and (what now passes for) money the moneychangers had to come up with a new system. The system remained in a sort of limbo during this 30 year transition with the first phase apparently being Bretton Woods. During the course of the '40s and '50s the Uniform Commercial Code was formulated/'codified' and via the UCC a number of jurisdictions/systems of law were blended together (admiralty, equity, the Negotiable Instruments Act, Law Merchant, etc.). Since there was now a 'colorable' money (i.e. not genuine) there had to be a colorable jurisdiction to go along with it, this new jurisdiction being administrative jurisdiction. By 1966 all '50' states of the union had adopted the UCC within each respective state, e.g. in Texas it's titled the Business and Commerce Code although it's virtually verbatim UCC. All states have the identical code with various differing titles. Because (what now passes for) money had no substance/value we are unable to 'pay' our debts at law since 'to pay a debt' means to extinguish the debt. What goes on now is discharging debt with limited liability (a privilege/benefit granted by the corporate state) since IT IS NOT POSSIBLE TO PAY A DEBT WITH A DEBT! It all stems from the 1913 and 1933 events.
	Quote