George Mercier's Invisible Contracts

Bigger text (+)Smaller text (-)

I N V I S I B L E   C O N T R A C T S

George Mercier

 

FEDERAL LICENSING PROGRAMS

[Pages 480-481]

 

[Certain conventions have been used in converting INVISIBLE CONTRACTS to an electronic medium.  For an explanation of the conventions used, please download the file INCONHLP.ZIP for further illumination.  Other background information as well is contained in INCONHLP.ZIP.  It is advisable to EXIT this file right now and read the contents of INCONHLP.ZIP before proceeding with your study of this file.]

 

By experiencing the direct benefits of Commercial enrichment acquired through a Federal license program, such as being an SEC registered stockbroker, or an ATF licensed manufacturer of fireworks, which is an obvious pursuit of federally participated profit or gain.  Several federal monopolies were designed specifically for the existing participants to experience intensive Commercial enrichment in, as the net effect of a regulatory jurisdiction is to discourage potential new market entrants from competing with established corporate titans.  In any market there are only so many potential customers available, and excluding new upstarts allows existing Grandfathers to have a bigger slice of the pie they would not otherwise be experiencing.  For example, the creation of National Banks by the Congress, through the Comptroller of the Currency, is one such monopoly designed to enrich existing market participants, while shutting out new banks and damaging the end consumer.  In any one demographic banking district, there is only so much business to be had; cutting out new entrants keeps a bigger slice of the banking pie for the owners.  [634]

 

[634]=============================================================

For example, in 1967, F.W. Pitts wanted to bring a new National Bank into the Hartsville, South Carolina area.  He submitted an application to the Comptroller of the Currency for a license certificate, and the request was denied.  Reason:

      "... we were unable to reach a favorable conclusion as to the need factor."

      -     CAMP VS. PITTS, 411 U.S. 138, at 139 (1973).

That is correct:  The Comptroller denied the application because the community was already adequately served by other banks, and there was no "need," seemingly, for the new proposed national bank.  In this way, the existing banks in Hartsville shut out a new impending competitor.  The letter from the Comptroller, in turning down the License request, listed the banks already in the Hartsville area and the deposits they carried [CAMP, id., at 139].  The Comptroller seemed to be very concerned about enhancing the financial enrichment of the existing banks; and at no time was there any discussion about the improved service the end consumer would be experiencing, or of the very competitive rates of interest on loans that new upstarts searching for business charge.  But like the tightly regulated issuance of local Television Station licenses by the FCC, the Comptroller of the Currency is on a mission:  To make sure that the owners of existing banks are very well fed, and so throwing Torts at the public is nothing they are going to concern themselves with.  For a summary of the laws creating obstacles for new prospective banks to go into business, see the Editor's Notes called BANK CHARTERS, BRANCHING, HOLDING COMPANY AND MERGER LAWS:  COMPETITION FRUSTRATED in 71 Yale Law Journal 592 (1962).

=============================================================[634]

 

The secondary consequences of restraining the number of new market entrants politically are elevated prices the end consumer winds up paying, constricted services and retarded technological innovations.  [635]

 

[635]=============================================================

The telephone companies have exclusive geographical districts assigned to them with no competitors -- a pure monopoly; and if the FCC had not intervened to allow third party telephones and other equipment to be connected to local telephone company lines, you would never have been able to have automatic redialing onyour phones -- such nice little effort savers are the result of competition, and not your local phone company, who could care less.  Computers have been used extensively for telephone switching since the middle 1960's, and the continuing refusal of the phone company to assign a few byte locations in their computer's memory to remember your last dialed number, occurred for just one reason:  They have a monopoly, they have their enrichment pipeline set up, and they don't care about you at all [a relative statement that will be viewed as being excessively harsh by those who never bothered to give any thought to evaluating, comparatively, the service attitude manifested by businessmen in a competitive operating atmosphere, with those businessmen who don't need to concern themselves with competitive pressures.]  Yes, MINIMALISM rules in all uncompetitive environments, Commercial and otherwise.

 


NOTICE: George Mercier is not affiliated with Freedom School.
NOTICE: If anything in this presentation is found to be in error a good faith effort will be made to correct it in timely fashion upon notification.
       Specialty Areas
NOTICE: The information on this page was brought to you by people who paid this website forward so that someone such as you might also profit by having access to it. If you care to do so also please feel encouraged to KEEP THIS SITE GOING by making a donation today. Thank you. Make donation with PayPal - it's fast, free and secure!

Freedom School is not affiliated with the links on this page - unless otherwise stated.
This enterprise collectively is known and generaly presented as "Freedom-School.com" - "we," "us" or "our" are other expressions of Freedom-School.com used throughout.

This is the fine print that so important. Freedom School and other information served is so for educational purposes only, no liability expressed or assumed for use.
The information you obtain at this site is not, nor is it intended to be, legal advice.
Freedom School does not consent to or condone unlawful action.
Freedom School advocates and encourages one and all to adhere to, support and defend all Law which is particularly applicable.
Information is intended for [those] men and women who are not "US CITIZENS" or "TAXPAYERS" - continued use, reference or citing indicates voluntary and informed compliance. Support is not offered.

Freedom School is a free speech site, non-commecial enterprise and operation as there is no charge for things presented
this site relys on this memorandum and others in support of this philosophy and operation.
The noteworthy failure of [the] government or any alleged agency thereof to at any time rebut anything appearing on this website constitutes a legal admission of the fidelity and accuracy of the materials presented, which are offered in good faith and prepared as such by Freedom School and any and all [third] parties affiliated or otherwise. THIS IS AN ELECTRONIC AGREEMENT AND IS A LEGALLY BINDING CONTRACT, EQUIVALENT TO A SIGNED, WRITTEN CONTRACT BETWEEN PARTIES - If the government, or anyone else, wants to assert that any of the religious and/or political statements appearing on this website are not factual or otherwise in error, then they as the moving party have the burden of proof, and they must responsively meet that burden of proof under the Administrative Procedures Act 5 U.S.C. §556(d) and under the due process clauses found in the Fifth, Sixth, and Seventh Amendments to the national Constitution BEFORE there will be response to any summons, questions, or unsubstantiated and slanderous accusations. Attempts at calling presented claims "frivolous" without specifically rebutting the particular claim, or claims, deemed "frivolous" will be in deed be "frivolous" and prima facie evidence that shall be used accordingly. Hey guys, if anything on this site is found to be in error a good faith effort will be made to correct it in timely fashion upon notification. Freedom-School.com is not responsible for content of any linked website or material.
In addition, users may not use Freedom-School.com to engage in, facilitate or further unlawful conduct; use the service in a way that harms us or anyone connected with or whose work is presented; damage, disable, overburden, or impair the service (or the network(s) connected to the site) or interfere with anyone's use and enjoyment of the website.
All claims to be settled on the land - Austin, Travis county Texas, united States of America, using Texas Common Law.
All parts of this contract apply to the maximum extent permitted by law. A court may hold that we cannot enforce a part of this contract as written. If this happens, then you and we will replace that part with terms that most closely match the intent of the part that we cannot enforce. The rest of this contract will not change. This is the entire contract between you and us regarding your use of the service. It supersedes any prior contract or statements regarding your use of the Freedom-School.com site. If there exists some manner of thing missing we do not forfeit our right to that thing as we reserve all rights.
We may assign, or modify, alter, change this contract, in whole or in part, at any time with or without notice to you. You may not assign this contract, or any part of it, to any other person. Any attempt by you to do so is void. You may not transfer to anyone else, either temporarily or permanently, any rights to use the Freedom-School.com site or material contained within.


Presentation CopyrightŠ 2007, 2016
All Rights Reserved

H O M E