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Saturday, May 1, 2010

Check Kiting

WIKI:  Check kiting is the illegal act of taking advantage of the float to make use of non-existent funds in a checking or other bank account. It is commonly defined as writing a check from one bank knowingly with non-sufficient funds, then writing a check to another bank, also with non-sufficient funds, in order to cover the absence.[1] The purpose of check kiting is to falsely inflate the balance of a checking account in order to allow checks that have been written that would otherwise bounce to clear.[2]
Some forms of cheque fraud involve the use of a second bank or a third party, usually a place of retail, in order to delay the absence of funds in a transactional account on the day the cheque is due to clear at the bank, essentially robbing Peter to pay Paul. Such acts are frequently committed by broke or temporarily unemployed individuals or small businesses seeking emergency loans, by start-up businesses or other struggling businesses seeking interest-free financing while intending to make good on their balances, or by pathological gamblers who have the expectation of depositing funds upon winning. It has also been used by those who have some genuine funds in interest-bearing accounts, but who artificially inflate their balances in order to increase the interest paid by their banks.


Treasury Redeems A Gargantuan $643 Billion In Treasuries In April

 

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Look up the laws of economic liberty

Liberty's Dictator, our triune God, tells us His law word needs to be established in every area of life. Economics is one of those areas. The world economy today is doomed because it's two classes, the hosts and the parasites, are morally and religiously corrupt. Instead of being a participant of that fiat law order of economic private property destruction (sooner or later); recognize, learn, and establish the law that is regenerating (to name a few):
  1. Not to steal money stealthily Lev. 19:11
  2. The court must implement punitive measures against the thief Ex. 21:37
  3. Each individual must ensure that his scales and weights are accurate Lev. 19:36
  4. Not to commit injustice with scales and weights Lev. 19:35
  5. Not to possess inaccurate scales and weights even if they are not for use Deut. 25:13
  6. Not to move a boundary marker to steal someone's property Deut. 19:14
  7. Not to kidnap Ex. 20:13
  8. Not to rob openly Lev. 19:13
  9. Not to withhold wages or fail to repay a debt Lev. 19:13
  10. Not to covet and scheme to acquire another's possession Ex. 20:14
  11. Not to desire another's possession Deut. 5:18
  12. Return the robbed object or its value Lev. 5:23
  13. The court must implement laws against the one who assaults another or damages another's property Ex. 21:18
  14. Not to murder Ex. 20:12
  15. Not to accept monetary restitution to atone for the murderer Num. 35:31
  16. The court must send the accidental murderer to a city of refuge Num. 35:25
  17. Not to accept monetary restitution instead of being sent to a city of refuge Num. 35:32
  18. Not to leave others distraught with their burdens (but to help either load or unload) Deut. 22:4
  19. Conduct sales according to biblical law Lev. 25:14
  20. Not to overcharge or underpay for an article Lev. 25:14
  21. Not to insult or harm anybody with words Lev. 25:17
  22. Not to cheat a convert monetarily Ex. 22:20