Do you want to know how important your local government is to your continued freedom and economic liberty? Let's start with this: "the respect for title, proper documentation, contract law and private property rights are the underlying reason capitalism works in Western nations". That was said in relation to the massive foreclosure fraud being perpetrated across America in respect to our national banking institutions. That seemed to be the greatest threat to property rights last month.
But it relates to local affairs as well, as local authorities are usually the entities charged in keeping track of and ensuring title, proper documentation, contract law and property rights. Basically, local governments, through recordkeeping duties and the courts, keep capitalism working in Western nations.
So what happens when something goes terribly wrong, and all of this is thrown into disarray? We're about to find out, as the American Zombie investigates the massive and critical infrastructure failure in New Orleans.
If you're not following Jason Berry's series on the real estate records crash at Humid Beings, you should be.
Speaking as someone who sees this whole edifice as one giant fraud to begin with, I'm not sure if throwing out all of the records and admitting there's no just rule of law in the first place isn't a small step toward a more honest rendering of reality but I digress.
The fun game to play right now is figuring out whether or not New Orleans' trashing of the records altogether instead of mincing about trying to apply a patina of legitimacy to a system of usurious criminality isn't yet another of example of our being "so far behind we're ahead"
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