Discover how full faith and credit empowers you as the true creditor of the system. Explore key legal principles from the U.S. Constitution, 18 U.S.C. § 8, 31 U.S.C. § 5118, and the Gold Reserve Act of 1934, revealing how all financial obligations are backed by your trust and credit. Learn how the U.S. government operates commercially under the Clearfield Doctrine and why debts are legally discharged through the Treasury. Take control of your financial knowledge and reclaim your power in the system.
Many assume that consumer law exists independently of the Uniform Commercial Code (UCC) and is governed solely by statutes like the Truth in Lending Act (TILA) and its implementing regulation, Regulation Z. However, this is a misconception. The UCC plays a critical role in consumer transactions, particularly in areas such as secured transactions, negotiable instruments, sales of goods, and warranties. While consumer protection laws provide remedies and disclosures, the UCC governs the enforceability, structure, and rights associated with consumer agreements.One of the most significant aspects of this relationship is UCC Article 9, which explicitly recognizes "consumers" as "debtors" in secured transactions, reinforcing the UCC’s authority over consumer transactions.
In the world of finance and law, silence equals acquiescence. When you send an affidavit stating the facts surrounding a debt and the other party fails to rebut it, the debt is legally and commercially considered agreed upon as stated. If a full administrative process has been completed—culminating in an Affidavit Certificate of Non-Response in accordance with UCC § 3-505, the debt can be classified as uncollectible. Under IRS Topic No. 453 (Bad Debt Deduction), you can then legally write off the debt and, in some cases, recover the amount as a credit—similar to a 1099-C (Cancellation of Debt).
When you were born, you were born a Live – living, breathing, flesh-and-blood human being, and considered SOVEREIGN! If you […]