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Sovereign citizen talked to the bank.
(lemmy.world)
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this post was submitted on 26 Mar 2024
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"we were the security to obtain that loan" - they borrowed against themselves?
Sounds like they're saying the money the bank gets from the government is actually their money, so technically they paid for everything, and owe nothing?
It's more than a little confusing.
My understanding from reading other SovCit posts(keep in mind this is all bullshit), when we converted from gold/silver backed economy the government took out a massive load from the World Bank and used its present and future citizens as collateral. Since the value of this loan has increased by so much since it was originally created there is now Equity which belongs to each citizen that was used as collateral. Your Equity is tracked using your social security number. As such any loan you take out using your social security number can be paid using this Equity.
Yes, it makes no sense and that is not how collateral or equity or the world bank or fucking reality works but I think that is their belief.
Mostly right. See, in SovCit land, the government is a corporation. When you're born, they create a savings account with your social security number that is used to back the fiat currency. Basically they think every person owns a fair portion of the total wealth in dollars in the world. For every dollar on earth, there's a dollar in a social-security number.
So when they take out a loan, that loan is backed by the tens of millions in their government account, they are in fact either lending to themselves, or simply withdrawing from their own account.
Not much dumber than courts treating corporations as people when it comes to honoring money as speech but not when crimes are committed by the company. It's buffoonery all around but the courts have made some dumb rulings in the past to encourage this nonsense.