Uncover how the principle of full faith and credit positions you as the true creditor behind the financial system. Dive into essential legal foundations such as the U.S. Constitution, 18 U.S.C. § 8, 31 U.S.C. § 5118, and the Gold Reserve Act of 1934, exposing how your trust and credit back all public obligations. Understand how the U.S. operates as a commercial entity under the Clearfield Doctrine, and how debts are lawfully discharged through the U.S. Treasury. Empower yourself with this knowledge and reclaim your rightful position within the system.
In California, the creation and existence of a debtor and creditor relationship are governed by Law, statutes, and/or case law. It could be the Uniform Commercial Code, United States Code, California Civil Code, or Commercial Code, and depends on the situation, parties, and their respective location(s). These relationships are fundamental to the legal and financial system, impacting contracts, secured transactions, and obligations.