META 1 Coin Trust was originally formed by Executive Trustee Robert P. Dunlap with a mission to advance the freedom, equity and abundance of Humanity. META 1 Coin is the asset-backed cryptocurrency that serves as a tool to help achieve these goals. And now, the formation of Universal Law, META 1’s legal services division, represents a further step forward toward the achievement of this mission.
Universal Law currently provides two main offerings as part of its launch: Secured Party Creditor and Private Non-Statutory Trust. These two valuable legal tools allow a person to engage in commerce with greater freedom and privacy.
To better understand the significance of these two legal tools, some understanding of background and context is helpful. Developed countries such as the United States often appear to be blessed with greater freedom and avenues for success. Developments in education and technology have led to improved opportunities for collaboration and wealth.
At the same time, corporations have heavily promoted materialism as an ideal for decades, which has led to unprecedented levels of personal debt. This debt is most often based on depreciating assets which makes it increasingly difficult for many to rise above their expenses and debt payments to achieve wealth and abundance in life. Compounding these challenges are disadvantaged socioeconomic conditions and low wages that have not risen in step with inflation. These challenging dynamics affect many people who often struggle to stay afloat financially.
When crises strike, such as financial or health challenges, many of these people are driven to bankruptcy and/or foreclosure. The effects of this financial enslavement to a failing system became most obvious during the Great Recession of 2008. As banks legally enforced financial contracts to collect debts, countless individuals and families were left in dire straits.
Just like financial institutions and corporations have contract enforcement capabilities, so too governments and their agencies enforce contracts with their citizens. Many Americans are not aware of the fact that the U.S. government functions essentially like a corporation when it comes to enforcing contracts.
Washington, D.C. was set up as a territorial government by the District of Columbia Organic Act of 1871. This same act established the Corporation of the City of Washington, D.C. The U.S. National Archives and Records Administration notes this on its National Archives website.
Much like a corporate headquarters, Washington, D.C. is the base of operations where the Federal government enters into legal contracts with its citizens. When one is born and is issued a birth certificate, this document becomes the basis for automatic entry into a legal contract with the government as a citizen. Similarly, immigrants who becomes citizens are issued a naturalization document which establishes the same contract. Since foreign visitors and undocumented migrants do not have any contractual documentation, there isn’t the same contract enforcement for them.
(This is Part 1 of a two-part series. Click here to read Part 2. )