Hope this email finds you in good spirits.
The email below is pretty explanatory. If not, understand NY FED Reserve admitted electronic negotiable instruments are worthless.
Know what that means?

Alvie

Federal Reserve Bank
New York
“From: ucclaw-l-bounces@lists.washlaw.edu
On Behalf Of Joseph.Sommer@ny.frb.org
Sent: Friday, March 26, 2010 11:15 AM
To:xxx-xxx-xxx
Subject: Re: [Ucclaw-l] Electronic PromissoryNotes

If I were confronted with an “electronic promissory note”, I would walk very slowly
away and break into a run as soon as I can.
They are a logical impossibility, along with electronic chattel paper and UCC 7 electronic
warehouse receipts.
The word “electronic” is miserably defined in all the statutes. But we all kinda sorta know
what it means: something in a computer, rather than in some more fixed medium. Of course, a
computer is made of matter and energy, just like a slip of paper or the side of a cow. So it
must mean something special to be “in a computer.”
And it does! Most records are stably associated with a particular agglomeration of matter which–if it is not realty–can be
physically transferred from one person to another. This includes paper, cows, and DVDs. If the piece of paper or Old Bossy or
the DVD is uniquely distinguishable from any other piece of paper or cow or DVD that bears the same data structure, we have the basis for a system of negotiability.
However, computer records are not stably associated with any particular piece of matter.
Instead, they are stably associated with a system, which contains many pieces of matter amongst which the record may be sitting, at any
given moment. Or the record could be sitting in 12 places in the system; it makes no difference. You don’t need a unique piece of
matter to uniquely identify an obligation—there is no unique matter (or energy) associated with the record. You just need an authoritative registry.
Hence the logical impossibility of an electronic promissory note. “Promissory note” means unique piece of matter. “Electronic” means
that there is no unique piece of matter, and we’re dealing with authoritative registries.
UCC 8 gets this right. It has two property systems that rely on unique pieces of matter (registered and unregistered certificates), and
two systems that rely on authoritative registries (transfer agents and securities intermediaries.)
The cotton warehouse system gets this right, and talks in great detail about authoritative registries. UCC 7, 9 and UETA screwed up.
They are bad law—literally incomprehensibly bad law.
The courts will probably eventually define 7, 9, and UETA into registry systems of some kind.
But until then, I would treat electronic negotiability systems as if they were rabid cows.”

2.) Impose a high tax rate on any company who ships jobs offshore, and give them a tax credit for keeping jobs within the US. It may mean an increase in product cost, but people will pay it if they can see how it stimulates the American way of life.
We are not a global economy and until profit is not the motivating factor of this world it never will be a global economy.

3.) There needs to be stricter rules in place for those who continue to live beyond their means such as jail time.

4.) Close corporate tax holes and so that corporate giants have to pay taxes just like anyone else at 35% to 45% of their profits, and disallow them to hide the money in whatever means they do to avoid taxes.

5.) Stop companies who got government funding or TARP money from giving CEO’s and other executive’s bonuses for doing bad business.

6.) Stop giving tax dollars to the people who live off the system. Everyone needs help at times, but there needs to be a cut off as to motivate them to do better for themselves.

Ect. Ect.

The down fall of the American worker is money itself. So in closing; who is really at fault for our current economic problems? You are, I am, they are. Every person in America is at fault mainly because we allowed a piece of paper to rule our lives instead of what God gave us, EACH OTHER and the mind to invent and create new things.

Old Concept: I made this; would you be willing to trade it for that? It’s called bartering, how far we have come and how hard we will fall. God Bless America and I hope he can save us all.

Protectionism is no solution, in fact it would be far worse for America if protectionist measures would increase. Exports would crumble and then other countries would retaliate and put tarifs on imports….America would be doomed.
The solution should be rather simple:
1.People should get paid what their worth, not what they want to be worth
2.People should not spend money they don’t have
3.People should not get second mortgages
4.Innovate

If #1 occurs, it’s easier for #4 to occur. #2 should be obvious.

I believe it was Dell who did a survey and asked its customers if they would be willing to pay $100 extra per computer for US phone support. The answer was no. So, see Pogo.

Call centers and IT are now all in India. Mft is now in China. The quality shows too.