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[-] PhobosAnomaly@feddit.uk 56 points 9 months ago

I don't really get it - I suspect you need to have been at best, conned - at worst, radicalised - to think this would get anywhere.

My basic understanding of sovcits is that they are their own independent entity, and only "exist" by entering in to contracts with another for goods and services.

Surely by entering into a credit agreement with a provider like a bank, they're literally doing their own legs by complaining about it?

I know I'm giving it far too much thought than it deserves but it just boggles my mind.

[-] SirDankbud@lemmy.ca 56 points 9 months ago

You seem to be missing their concept of the coupon. According to sovcits, at birth you are essentially registered as a stock in the corporation of the country you're born in. This is your legal entity referred to with all caps in paperwork. Each stock is worth the GDP of that nation divided by population. Their coupons are supposed to direct billers to use the money from their stock to pay for goods and services.

Of course its all bullshit. But they do believe that people who provide them with goods and services are being compensated with actual money. They also tend to believe their stock is a source of limitless income as long as the country maintains the same GDP. Basically they're larping as Musk and Bezos but without owning any real stock to borrow off of.

[-] PhobosAnomaly@feddit.uk 24 points 9 months ago* (last edited 9 months ago)

You're right - I had heard of this "coupon" but never really understood what it was until you explained it so well, thank you.

It still baffles me though as they have entered into a contract with their credit provider which likely clearly says what payment methods are acceptable. A breach that contract seems to be undoing the very fabric of the narrative they're trying to weave with their sovcit nonsense.

Oh well, I've lost enough brain cells over this for one day, and my last one is getting lonely!

[-] shasta@lemm.ee 10 points 9 months ago

That's because it's the secret, implied clause in all contracts. Just like you don't have to specify "also, Chase may not murder me" because it's just part of their rights as a citizen of their country.

But yes, it is all still insane.

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