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In fact the mso is the ownership papers. Title allows certain rights including transfer of those use rights. Tricks are played on us all the time. In the US we don’t own our cars. It reminds me of a tax break about twenty years ago. The San Francisco Chronicle reported. The tax break was written so complicated that the irs would save 5 billion dollars because most people could not take advantage of the b
reak they would qualify for.It depends on what your definition “it” is (Bill C). Or what the difference is between on your birth certificate all capital letters used in your name or God given with just the first letters in your name used. There is a big difference.
Title is not ownership. It only entitles you to certain rights of use. The legal system is full of messy transfers, perhaps by you surrendering the mso you have in some form given up your ownership rights. The signing of tax returns has some of the same effects or not responding to a claim that you owe a creditor and the debt becoming fact.
Sure, the state holds the ownership papers so they can tax but they also can confiscate.
The result is still the same. The end user does not hold the mso or true ownership papers. They receive a title from the state. I have never been a dealer and the order of transfer might not be spot on. Have you ever heard of someone having the mso returned to them from the state as the end user. Also I said that buying with gold would provide true ownership. I also said I thought it would be difficult to retain mso papers and buying with gold is uncommon, how you would petition for your rights would be difficult if not impossible.
You as the dealer received the MSO but it then went to the state, not the end user. Correct. Why the state collects the mso’s I don’t know why.
Kwhite, I don’t know of any currency backed by gold, maybe black gold (Norway). Sprite said something that makes sense about who is the owner of assets in banks. If a bank closes its doors with your money in it, I suppose you have to stand in line with the other creditors in court. The FDIC is on the hook for some of it if it is solvent and as long as the rules don’t change. I’m thinking about pension funds and the insurance provided by the US government which they are on the hook for only 30% of the full amount. I also think of what happened to GM bond holders that were supposed to be first in line according to our laws at the time. The government sure turned that around on them.
David, I was referring to US assets I don’t know about Costa Rica. If you purchase a car with greenbacks you don’t own that car. The car is used as collateral for the fed. You would own that car if you purchased it with gold, but you would need to get the origin of manufacture certificate from the dealer. I’m not talking about a title. I think that would be very difficult to do. Until the Fed is fully paid off all assets bought with dollars are indeed collateral.
I’ll go out on a limb and say, There are trillions of dollars of oil reserves in the US. Peak oil turns out to be false. I read an article about the oil reserves in Northern California, on par with Saudi Arabia. Even if my facts are off the dollar still has some support. The problem with the dollar is how it is used to control the people. Many of us have worked hard and in reality don’t even own our own cars, even if paid off. This also includes our homes. Shocking but true. The federal reserve is the true owner. I don’t buy into metals either. Other than self reliance and owning a mango tree what else is there?
David is right on the money. Asphalt shingle are heavy in their own right and to add a second roof over is a bad idea. The shingle may have good life in them but at some point will need replacement. Metal over shingles does seem to have some legs in the weight department.
What does Costa Rica produce? Some fruit, coffee (I realize it has other industries). In the Napa Valley the wine producers with their arrogance are paying A million an acre some time ago. Turns out there are many places in the world that produce high quality wine and so it goes with Costa Rica, there are many places that would love to replace Costa Rica. The laws and high caliber of its people are its attraction to foreign investment. Equal protections for all and not by creating a second tax paying class. These new type of laws make investors reevaluate their business plans and possibly not including Costa Rica. Its a big world
Socialism has served Costa Rica well and I personally would never want to inject my values on it. However we are entering a completely new world with what I foresee as very problematic. The US is in trouble because of its own arrogance. Costa Rica might want to think twice before following the US. Also Costa Rica has been fortunate that foreign capital has flowed into it. That does not mean it always will be the case.
Just when I realized Costa Rica was a place that a person could enjoy life. Now the socialist start to ruin this country also. Shame on them! My money will never see Costa Rica and all the good it would have done. Costa Rica will be sorry in then long term if they follow through with these idiotic ideas. The US was great because of investment and now just a shell. It would be Costa Rica’s turn to shine but not with punishing the creators of wealth. Very sad.
