What is a contract and how they are used....
Posted: Tue Dec 07, 2010 7:39 am
For some people this will be common knowledge and for some not, please bear with me at the beginning if you have experience in dealing with contracts, I will explain what a contract is, give an example and we can discuss that example first before I mention other contract types and get deeper into things, think of this as a dot to dot puzzle, every different topic is a new dot and you need to join them but by the end the picture becomes clear.
Contract :- As basic as you can get is defined, An agreement.
There are many different types of contracts, social contracts, employment contracts ect. The main thing a contract is used for is to show that both parties have an agreement stating, if an thing (noun/verb) is going to take place that they both have foreknowledge and accept any and full responsibility for any eventuality (in a fair and perfect world).
This is not always the way it is in the world of contracts as you can then invite third parties into the equation such as insurers but a contract always exists between at least two parties.
A basic example of this is...I come to you and say "Would you like to have a fight/arguement to settle a dispute?" (excuse the set-up I can't think of a better example right now at the moment) Let's say you agree, for this to be an agreement between me and you and the end result is the dispute is settled the best thing to do is for both parties to write a contract, in it they will state what the disagreement is, what the wishes of the other party will be after the fight/arguement and finally the signature...the most important bit to show they both agree and know the concequences of what will happen, this is how most people think the law of contracts work but in this modern day it's not that simple, new definitions of contracts and what is contained in them are comming out every day to the extent that, if you printed all the law in that exists on paper both sided a4 in normal sized writing, you would need at least 26 miles of paper to print it out and it's ever growing. The law has gotten too confusing and has that much contained that you would need your whole life to read it, in my opinion and in the public realm if you look for the information this is not a coinscidence....the driving factor is control (and I will ramble on but by the end you will have a general picture).
I will start with the Birth certificate as this is the 1st contract that you will come across (they get you young), a birth certificate is a contract between 2 or 3 parties, one being the government and the other the parent(s), this agreement is that the parent(s) will have access to benefits from the government for said child eg. NHS, Education ect. This in turn allows the government to have an account opened, with this account they float bonds and earn money. Instantly this is where I got curious, naturally being from Derry my first question was how much money and why do the government get it, after I settled that I got on the ball and started researching seriously, you as part of the U.K/Ireland or whatever country you are in, have an account with the treasury of the government, this is worth, the country's overall wealth divided evenly by the amount of people in the population. Lets for arguements sake and mine as I'm not good at maths say that the U.k is worth £1 sterling and the population is 100 people, the value of each of those people is 1p. So we aren't exactly poor (Later or in a different post I will discuss how we are as broke as a joke in reality). The reason the government get to use the bond in everyones mind is...someone has to earn and pay for all the "free" services we get like healthcare...but is that not what tax is for? Without going much further into that debate yet, the thing that disturbed me was that if the government is already getting all it's money in tax for the services what do these bonds get used for? Well they are used on the stock market, how they do this is sneaky but very simple, they call you a person, a person defined can be a human or a corporation, when you were born they registered a "person" you in your head think ok he/she IS a person anyway and think nothing more of it, what really happened is the government opened a corporation/company, with your permission, in your childs name and is making money off it, this in turn has it's profit recycled into the market and the profit earned goes on paying the debt to the bank of england, or whichever central bank your country borrows it's money off.
This for me is a line well well crossed for more than one reason, which we will reach a full conclusion in further posts when the whole picture is put together, I'll end here because I want people to discuss this, I could write all night and by the time I'm done the answers could be there but I'm not going to on purpose. Any questions feel free to ask I'll answer them to the best of my ability and hopefully what I wrote already answers a few questions you might have, makes you more curious or maybe you have something that goes against what I say, you are also more than welcome to have an input, one due to free speech but for me personally as I won't grow if I don't learn by mistakes I may make...Good luck
Mick
"Failure shows someone tried"
Contract :- As basic as you can get is defined, An agreement.
There are many different types of contracts, social contracts, employment contracts ect. The main thing a contract is used for is to show that both parties have an agreement stating, if an thing (noun/verb) is going to take place that they both have foreknowledge and accept any and full responsibility for any eventuality (in a fair and perfect world).
This is not always the way it is in the world of contracts as you can then invite third parties into the equation such as insurers but a contract always exists between at least two parties.
A basic example of this is...I come to you and say "Would you like to have a fight/arguement to settle a dispute?" (excuse the set-up I can't think of a better example right now at the moment) Let's say you agree, for this to be an agreement between me and you and the end result is the dispute is settled the best thing to do is for both parties to write a contract, in it they will state what the disagreement is, what the wishes of the other party will be after the fight/arguement and finally the signature...the most important bit to show they both agree and know the concequences of what will happen, this is how most people think the law of contracts work but in this modern day it's not that simple, new definitions of contracts and what is contained in them are comming out every day to the extent that, if you printed all the law in that exists on paper both sided a4 in normal sized writing, you would need at least 26 miles of paper to print it out and it's ever growing. The law has gotten too confusing and has that much contained that you would need your whole life to read it, in my opinion and in the public realm if you look for the information this is not a coinscidence....the driving factor is control (and I will ramble on but by the end you will have a general picture).
I will start with the Birth certificate as this is the 1st contract that you will come across (they get you young), a birth certificate is a contract between 2 or 3 parties, one being the government and the other the parent(s), this agreement is that the parent(s) will have access to benefits from the government for said child eg. NHS, Education ect. This in turn allows the government to have an account opened, with this account they float bonds and earn money. Instantly this is where I got curious, naturally being from Derry my first question was how much money and why do the government get it, after I settled that I got on the ball and started researching seriously, you as part of the U.K/Ireland or whatever country you are in, have an account with the treasury of the government, this is worth, the country's overall wealth divided evenly by the amount of people in the population. Lets for arguements sake and mine as I'm not good at maths say that the U.k is worth £1 sterling and the population is 100 people, the value of each of those people is 1p. So we aren't exactly poor (Later or in a different post I will discuss how we are as broke as a joke in reality). The reason the government get to use the bond in everyones mind is...someone has to earn and pay for all the "free" services we get like healthcare...but is that not what tax is for? Without going much further into that debate yet, the thing that disturbed me was that if the government is already getting all it's money in tax for the services what do these bonds get used for? Well they are used on the stock market, how they do this is sneaky but very simple, they call you a person, a person defined can be a human or a corporation, when you were born they registered a "person" you in your head think ok he/she IS a person anyway and think nothing more of it, what really happened is the government opened a corporation/company, with your permission, in your childs name and is making money off it, this in turn has it's profit recycled into the market and the profit earned goes on paying the debt to the bank of england, or whichever central bank your country borrows it's money off.
This for me is a line well well crossed for more than one reason, which we will reach a full conclusion in further posts when the whole picture is put together, I'll end here because I want people to discuss this, I could write all night and by the time I'm done the answers could be there but I'm not going to on purpose. Any questions feel free to ask I'll answer them to the best of my ability and hopefully what I wrote already answers a few questions you might have, makes you more curious or maybe you have something that goes against what I say, you are also more than welcome to have an input, one due to free speech but for me personally as I won't grow if I don't learn by mistakes I may make...Good luck
Mick
"Failure shows someone tried"