Williamson County is going to a lot of trouble to publicize its crackdown on hot check writers. You may have seen the press releases. They even went modern and posted YouTube videos. Click here to see them.
When ordinary people write checks in excess of their deposits, and don’t make good on them, it’s a crime and they should be punished. They are stealing from people and businesses who relied upon their promise to pay.
Besides, the government doesn’t like competition.
When the major banks do it, in collusion with the privately-owned banking cartel euphemistically called “The Federal Reserve,” the government says nothing. That’s because this is how government lives beyond its means. The result to you and me is inflation, which is, in effect, a hidden tax. So whenever you hear government say they are going to increase spending but that it won’t result in increased taxes, they are lying.
Wait. That’s too harsh. Let’s just say they are being less than honest. That sounds nicer, doesn’t it?
Government counts on your ignorance of how the modern, debt-based financial system works. Get educated folks. Except in certain situations, prices don’t go up because things are worth more. They go up because the currency is worth less and sooner or later it becomes worthless. Noticed any inflation lately?
To be fair to Williamson County, they are suing banks that used the Mortgage Electronic Registration System (MERS) but only because that is how mortgage lenders have avoided paying fees for recording property transfers with the counties. Oh, and lots of homeowners were subjected to improper foreclosures but if they really cared about that, it wouldn’t be a lawsuit but a Grand Jury indictment.
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Stay tuned. Class will resume in future stories.