I am hereby convinced that there is no longer any argument remaining for obeying the law that has as its predicate any sort of respect for authority, for equality, or in any other fashion that reaches beyond self-preservation.
I make this statement without reservation and when, not if, the various organs of government and their minions find themselves on the wrong end of the people coming to the conclusion that they no longer have enough to lose to care about the remaining argument for compliance, I will turn my head and erect the middle finger in their direction as they cry for sympathy while being led to whatever fate awaits them.
Because it has been officially announced by our government that the price of felony criminal fraud that has destroyed the integrity of the recording system protecting the largest asset that most Americans hold, their homes, aggregating in the trillions of dollars, is a mere $35 a crack.
Lender Processing Services Inc. (LPS), a publicly traded mortgage servicing company based in Jacksonville, Fla., has agreed to pay $35 million in criminal penalties and forfeiture to address its participation in a six-year scheme to prepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with property recorders’ offices throughout the United States. The settlement, which follows a felony guilty plea from the chief executive officer of wholly owned LPS subsidiary DocX LLC, was announced today by Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division and U.S. Attorney for the Middle District of Florida Robert E. O’Neill.
Since the price of a felony has been established a-priori as $35 each, I'd like to prepay for a pack of 10 felonies of my choosing to be used at any time I wish and against anyone I wish.
Should the Department of Just-Us decide to accept my offer to prepay for said felonies, absolving me of all liability (other than my payment, of course), I will conscientiously add that I will use them "judiciously" to exactly the same extent as the Just-US system has set forth in their example.
I of course fully expect the US Department of Just-US to (silently) refuse said offer.
But by doing so, and by entering into this "agreement" the United States Federal Government has made clear that there is no longer any obligation in terms of any purported "social contract" for people to obey the law, nor any reason for compliance beyond the fear of outrageously disparate prosecution.
When this sinks in among the population as a whole, and it will, the outcome will be the DOJ's fault as a direct and proximate consequence of this sort of utter crap.
That outcome will become one of simple arithmetic -- that there are many more of "us" than them -- and the next act will become a "civilized debate" between ten wolves (the common man) and one sheep (those in government) over what to eat for dinner.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Looking for "The Best of Market Ticker"? Check out Ticker Classics.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.
Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.