Ходжа Н. (hojja_nusreddin) wrote,
Ходжа Н.
hojja_nusreddin

"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".
____________________________________
http://en.wikipedia.org/wiki/Redemption_movement
Tags: американа
Subscribe

  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 2 comments