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Postal Service Future in Question
As I understand it, the US Postal Service is/was the last solvent part of government. It seems the Forever stamps are fiat money.
What are the implications of them defaulting?
I'm interested in hearing what others think of this news.
Didn?t the post office go private?
And this put up or shut up game. For all these public officials it should be mandatory for all of them to post all the taxes they made and paid. http://www.foxnews.com/politics/2012...ntcmp=trending
Social Security Administration is afaik completely solvent. However it might not property be a part of GoTUS. USPS might be since the 70s under the control of the US Secretary of the Treasury along with US District Court buildings.
The USPS was created quasi-government corporation by Richard M Nixon.
USPS backs their stamps/international activities with SDR's.
HEARSAY: USPS is directly under the Executive branch of the Federal Corporation.
The US Process Servers are 'too big to fail.' B-)
George Alexander
Interesting. It also makes sense since it is a "quasi-government corporation."Quote:
Originally Posted by George Alexander
I guess that means that all those people recommending purchasing a Postal Money Order because it is backed by United States Notes (lawful money) just lost their assertion! Aren't SDR's part of the Federal Reserve elastic money system?
Ain't that the truth. How would the gov'ment function without them?Quote:
Originally Posted by George Alexander