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Old 03-03-2008, 11:13 PM
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trooper2ls trooper2ls is offline
Practice Makes Perfect
 
Join Date: Feb 2008
Location: New York
Posts: 301
Debt that was attached to my land

The amount of public debt that was attached to my land that I had to pay to the New York State comptroller's office was $2747.50. I have no idea how they arrived at the number, but I can guess by looking at my local tax bill that it was based only on the Section, Township, and Range of the land itself not the improvments. The building that I domicile in is a double boarded timber frame greek revival completed in 1821. Since that time there have been other structures that have been built and torn (or fallen) down. My insurance company has assessed the replacement value of the building at over 15 times the assessed amount listed on the local tax bill. But I can tell you that with real estate the way it is, I could not sell it for that amount.

So how much metal was it you ask? Well considering I did this transaction in the 3rd week of January ... it cost me 3: 1 Troy Oz Maple Leafs, 1: 1/4 Oz Maple Leaf, 1 Morgan Dollar, and 3 Winged Liberty Head Dimes. They based the precious metal values on the spot price of the day and I purchased an assortment of the smaller silver and a few 1/10 Maple golds because I didn't know exactly how much I would need on the day of the trip to Albany.

If I had known gold was going to go up $100 a frickin ounce .. I would have waited a month after purchasing the coins from my local dealer before making that trip.

I'm not a land patent expert or a law expert but I'm relaying a first hand experience in doing this with a disclaimer that it will be different depending on where your land is located.

If you want to sustaintiate the link between public debt and land do you own research for your state. Take a look at your state Comptroller's Annual Report to the Governor of your state. In New York it is listed under taxes receivable, assessments. There is a special trust fund for U.S. Treasury obligations. The reports are public information. Then check out the U.S. Budget to the President and you will see the income from each state trust in that category that matches the number in that trust fund in your state comptroller's report and the you can see where it flows into the Fed ... then check out the section where payments are made to the various international banks. Nice thing about electronic formats is you can search the documents, you don't have to read all 10,000 pages. Learn to use the searches, only truly trust information that you personally reaserch from official sources. I'll I can do is give leads where to look. I'm not trying to write a book or prove anything to anyone... I'm not looking to turn up dead or become an example or target because I'm on a soapbox pointing out these things. Ron Paul is doing a good enough job on his own.. That is his business, not mine.

..J
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