Wednesday, January 6, 2016

I'm just the messenger.

Everyone worldwide needs a lesson in the mechanisms of fraudulent convertible debt.  A fraudulent convertible debt is a debt created by fraud that is converted into new ownership and used by the perpetrators as investment capital.  The most typical example is the billing you receive every month for electrical service (at least in America this is true).

What appears to be a bill comes addressed to YOUR NAME in capital letters and your address.  Unknown to you, this "billing statement" isn't really a true bill and it isn't addressed to you.  It is addressed to a franchise of a governmental services corporation and the "statement" is actually a voucher allowing you to cash in a "dividend" equal to the amount shown as due and owing-- but of course, you are never told this and you are never told how to fill out the coupon for credit.  Instead, if you don't submit payment you are threatened with disconnection, and in this way, you are coerced into paying the bills of a governmental services corporation's franchise.

Of course, the utility company submits the bill each month directly to the "government" and gets paid for servicing the franchise. That's payment Number One.  Then they send you a billing statement and coerce you to pay it.  That's payment Number Two.  They establish a "capital credits account" in YOUR name and deposit your payment in that account.  They then use that money as investment capital benefiting their utility company and prevent you from accessing the capital credit account you funded.  In some cases, the utilities are so crooked they set the "capital credits" aside and later claim that they are "unclaimed funds" and abscond with them directly.

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