This is the crazy part to me. It’s not completely unreasonable to want to live on your own terms, but to demand that and then beg the U.S Treasury Department for free shit just seems antithetical to their whole schtick.
Some SovCits believe that your birth certificate is actually some sort of bond the government takes out on you and is worth insane amounts of money and if they know the magic words they can cash in their bond and get hundreds of billions of dollars that the government is keeping in their name
Yes, but the SovCits know the Real Truth, the government is just lying to you, but you can force them to do what you want when you know the proper magic words.
My favourite thing from SovCits is everytime they start describing a magical world in which they can live truly free one of them brings up that they should create some sort of “central authority” to “enforce their freedoms” but also make sure “everyone contributes their share”
That’s the thing, they’re not actually seeking to live on their own terms. They’re not radical libertarians.
They believe the US government was replaced by a corporation by Lincoln, and birth certificates are actually representative of stock in said corporation backed by the US Treasury that’s traded on the stock market, and that if you just know to ask you can cash out your secret corporate account, which is what your name in all uppercase letters, as found on your birth certificate, represents.
Every interaction with the false government is actually mediated by Byzantine rules, but you can always opt out, since they’re a corporation and have to play by the rules.
In their minds, they’re not seeking to live free, they’re checking “do not agree” on the TOS to driving a car, which means they don’t have to follow the rules because they didn’t sign the contract.
Same as telling Comcast you didn’t want phone service, but you’ll accept one month free internet, they don’t feel interested in signing the “speeding ticket” contract, but they would be happy to cash out their secret bank account.
Say what you want about the viability of extreme libertarianism, “I don’t want the government telling me what to do” is a coherent stance.
Sovereign citizens are just unhinged, usually because of life stresses and a helping hand from someone who wanted to make a quick buck. They still dangerous, despite often being victims themselves, however.
Banks are highly regulated. They can be shut down by the OCC if they don’t count all the pennies correctly. Next time you’re in a bank, take a look at the boring posters they have on the wall listing your rights. They can literally be shut down if that poster is missing or out of date.
My brother in Carl XVI Gustaf the banks are self-regulatory and committ FINRA violations willfully since the penalty is lower than the profit. It is the cost of doing business.
Uh, lol no. I know a guy who used to work for the OCC. Banks pee their pants just hearing the name. When they shut down a bank they literally walk in and tell everyone to stop what they’re doing and lock the door. It’s like the movies.
My point is: they are not “living on their own terms”. The Federal Government gives them a bank charter and can take it away.
An example of the authority and power the OCC have is the recently fined City National Bank from Los Angeles, CA. They were fined $65 million dollars for continually violating various regulations (including AML) for period going back years after having previously being warned. City National Bank claims $93 Billion CAD ($69B USD) in assets and during the time period they egregiously violated our laws made hundreds of millions in profit, only slowing down in the last quarters due to interest rates hikes in the US. The interest rate hikes costed CNB $247 million USD between start of August through end of October for comparison.
This is the crazy part to me. It’s not completely unreasonable to want to live on your own terms, but to demand that and then beg the U.S Treasury Department for free shit just seems antithetical to their whole schtick.
I guarantee in their mind they’ve created a rationalization devoid of logic
Some SovCits believe that your birth certificate is actually some sort of bond the government takes out on you and is worth insane amounts of money and if they know the magic words they can cash in their bond and get hundreds of billions of dollars that the government is keeping in their name
I just searched it and the first hit is the Treasury Department debunking it and other scams
https://www.treasurydirect.gov/laws-and-regulations/fraud/birth-certificate-bonds/
Yes, but the SovCits know the Real Truth, the government is just lying to you, but you can force them to do what you want when you know the proper magic words.
My favourite thing from SovCits is everytime they start describing a magical world in which they can live truly free one of them brings up that they should create some sort of “central authority” to “enforce their freedoms” but also make sure “everyone contributes their share”
It’s like this WKUK sketch: https://youtu.be/fibDNwF8bjs?si=vDmywo_4V2x2IGww
That’s the thing, they’re not actually seeking to live on their own terms. They’re not radical libertarians.
They believe the US government was replaced by a corporation by Lincoln, and birth certificates are actually representative of stock in said corporation backed by the US Treasury that’s traded on the stock market, and that if you just know to ask you can cash out your secret corporate account, which is what your name in all uppercase letters, as found on your birth certificate, represents.
Every interaction with the false government is actually mediated by Byzantine rules, but you can always opt out, since they’re a corporation and have to play by the rules.
In their minds, they’re not seeking to live free, they’re checking “do not agree” on the TOS to driving a car, which means they don’t have to follow the rules because they didn’t sign the contract.
Same as telling Comcast you didn’t want phone service, but you’ll accept one month free internet, they don’t feel interested in signing the “speeding ticket” contract, but they would be happy to cash out their secret bank account.
Say what you want about the viability of extreme libertarianism, “I don’t want the government telling me what to do” is a coherent stance.
Sovereign citizens are just unhinged, usually because of life stresses and a helping hand from someone who wanted to make a quick buck. They still dangerous, despite often being victims themselves, however.
Banks do it all the time 😁
Banks are highly regulated. They can be shut down by the OCC if they don’t count all the pennies correctly. Next time you’re in a bank, take a look at the boring posters they have on the wall listing your rights. They can literally be shut down if that poster is missing or out of date.
My brother in Carl XVI Gustaf the banks are self-regulatory and committ FINRA violations willfully since the penalty is lower than the profit. It is the cost of doing business.
Uh, lol no. I know a guy who used to work for the OCC. Banks pee their pants just hearing the name. When they shut down a bank they literally walk in and tell everyone to stop what they’re doing and lock the door. It’s like the movies.
My point is: they are not “living on their own terms”. The Federal Government gives them a bank charter and can take it away.
Are there regulations? Yes. Is regulatory capture also a reality? Yes.
There’s too much to unpack for this discussion
An example of the authority and power the OCC have is the recently fined City National Bank from Los Angeles, CA. They were fined $65 million dollars for continually violating various regulations (including AML) for period going back years after having previously being warned. City National Bank claims $93 Billion CAD ($69B USD) in assets and during the time period they egregiously violated our laws made hundreds of millions in profit, only slowing down in the last quarters due to interest rates hikes in the US. The interest rate hikes costed CNB $247 million USD between start of August through end of October for comparison.
PR of Enforcement action by OCC v CNB
$93 Billion Canadian in Assets
10 year historical financials on P235, note values are in millions of CAD
News Article covering CNB 2023 Fourth Quarter
😎