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Re: Arbitration and Delinquency
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Posted by Kurt
(205.188.209.144) on February 05, 2004 at 19:00:00:
In Reply to: Re: Arbitration and Delinquency posted by Bill Payer on February 05, 2004 at 18:03:21:
27 amazing and you have been brain wash well. As for the ATM thing. I would receive Federal Reserve Notes
which by the Constitution is not legal tender back by gold and silver, but is recognized as a form of exchange. If your are a open minded person that is willing to learn and get smarter that the average sheep, then I would like you to spend a few federal reserve notes and read a couple books that will get you on track. Interested? While you are thinking about that, I will give you something else. A
Credit card company issues a credit card to john doe with a $5000 credit line. Where is the money to back that account? When an account goes into default and the credit card company writes it off as a bad debt, doesn't the credit card company write that off on their taxes? And also get paid by the insurance company that insured the account in case of loss? And if john doe had taken out the insurance on his end they get paid again? So I see the credit card company get paid 3 times and they never spent a dime. Then they sell the account to a Collection Agent as well!!!! Now who lost on this?
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