Postal Service Default

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  • Richard Earl
    Senior Member
    • Mar 2011
    • 119
    #1

    Postal Service Default

    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.
    Tags: None
    • Chex
      Senior Member
      • May 2011
      • 1032
      #2
      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
      "And if I could I surely would Stand on the rock that Moses stood"

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        • allodial
          Senior Member
          • May 2011
          • 2866
          #3
          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.
          All rights reserved. Without prejudice. No liability assumed. No value assured.

          "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
          "It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2
          Prove all things; hold fast that which is good. Thess. 5:21.

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            • George Alexander
              Junior Member
              • Mar 2011
              • 7
              #4
              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

                Comment

                • KnowLaw
                  Member
                  • Mar 2011
                  • 84
                  #5
                  Originally posted by George Alexander View Post

                  USPS backs their stamps/international activities with SDR's.
                  Interesting. It also makes sense since it is a "quasi-government corporation."

                  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?

                  Originally posted by George Alexander View Post
                  The US Process Servers are 'too big to fail.' B-)
                  Ain't that the truth. How would the gov'ment function without them?
                  Maxim of law: "The laws sometimes sleep, but never die."

                  Common Law Remedy To Beat Traffic Tickets (and a whole lot more!)

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