Ходжа Н. (hojja_nusreddin) wrote,
Ходжа Н.

"Sovereign Citizens"

The redemption theory is an American conspiracy theory created by Roger Elvick and marketed as a tax evasion and fraud scheme.
The theory claims that:
- when the United States government abandoned the gold standard in 1933,
- it pledged its citizens as collateral so it could borrow money.
- the government creates a fictitious person (straw man) corresponding to each newborn citizen
- with a bank accounts initially holding $630,000.

The theory further holds that through obscure procedures under the Uniform Commercial Code, a citizen can "reclaim" the straw man and write checks against its accounts. Its adherents and various fellow travelers sometimes call themselves "Sovereign Citizens".
Tags: американа

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