• Jiggle_Physics@lemmy.world
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      10 months ago

      It appears he is trying to pay his bill with a registered security. This can be a number of things but, basically, it’s a document showing ownership of some value of something. Stock in a company can be a security, investments in a market index, etc. They have legit value, they are transferable, but they have a fungible value, based on the value of whatever the security is in, at the time it is purchased/sold.

      For some reason he seems to believe that because something has a legit, defined, value the company is legally obligated take it as a form of payment. This is completely untrue, of course. They don’t even have to take local currency if they don’t want to (ex- if you have a $300 bill, and you try to pay in pennies, they have a right to turn down the payment). The UCC 3 he mentions is a form to amend information on a lien.

      • KISSmyOS@feddit.de
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        10 months ago

        SCs believe that the United States Corporation uses US citizens as security to take out international loans.
        For that purpose, the government opens up a secret bank account in the name of every citizen at birth.
        If you know the correct magical mumbo-jumbo language, you can release the money deposited in that account for yourself and use it to pay for things, since you aren’t a member of the corporation anymore.

        • Jiggle_Physics@lemmy.world
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          10 months ago

          JFC. There is financial, and political, illiteracy, then there is this. It’s like they worked on the illiteracy, made it something beyond that, and then honed it, super illiteracy, if you will. I mean, the government, in a very round about way, does secure loans on it’s people. However that is because the people create economic value. That value, and it’s historical stability, are some of the metrics used.

          Maybe they heard about how corporations take out insurance on their employees, and have accounts that can pay-out on their death, smoked a bunch of meth and extrapolated this shit out of it?

          • KISSmyOS@feddit.de
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            10 months ago

            More importantly, the scammers who came up with this shit figured out a way to promise their marks easy access to a secret stash of money, and all they have to do to claim it is buy a how-to guide for several hundred dollars in real cash.