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Showing posts with label Confusion About the Indemnity Bond. Show all posts
Showing posts with label Confusion About the Indemnity Bond. Show all posts

Friday, June 29, 2018

Confusion About the Indemnity Bond


By Anna Von Reitz

When you operate in commerce --if you ever legitimately do--(remember that "commerce" is business between two incorporated entities) you typically need insurance of some kind -- liability insurance, fire insurance, insurance against illness, accident, unemployment, theft, wrongful death, auto insurance, life insurance, casualty insurance, flood insurance.... the list goes on.

When you operate in trade (business between unincorporated parties) you also need protection, which is provided by an indemnity bond. 
One way that the rats have worked their system is by making sure that you don't have an indemnity bond, and therefore "can't" be operating in a private capacity in international trade.

It's an "omission" on your part that allows them to presume that you can "only" be operating in commerce as one of their very own franchises, subject to their whims, and their statutes.