50 U.S. Code CHAPTER 53—TRADING WITH THE ENEMY

prev | next

  1. § 4301. Designation of chapter
  2. § 4302. Definitions
  3. § 4303. Acts prohibited
  4. § 4304. Licenses to enemy or ally of enemy insurance or reinsurance companies; change of name; doing business in United States
  5. § 4305. Suspension of provisions relating to ally of enemy; regulation of transactions in foreign exchange of gold or silver, property transfers, vested interests, enforcement and penalties
  6. § 4306. Alien Property Custodian; general powers and duties
  7. § 4307. Lists of enemy or ally of enemy officers, directors or stockholders of corporations in United States; acts constituting trade with enemy prior to October 6, 1917; conveyance of property to custodian; voluntary payment to custodian by holder; acts under order, rule, or regulation
  8. § 4308. Contracts, mortgages, or pledges against or with enemy or ally of enemy; abrogation of contracts; suspension of limitations
  9. § 4309. Claims to property transferred to custodian; notice of claim; filing; return of property; suits to recover; sale of claimed property in time of war or during national emergency
  10. § 4310. Acts permitted; applications for patents, or registration of trade-marks or copyrights; payment of tax in relation thereto; licenses under enemy owned patent or copyright; statements by licensees; term and cancellation; suits against licensees; restraining infringements; powers of attorney; keeping secret inventions
  11. § 4311. Importations prohibited
  12. § 4312. Property transferred to Alien Property Custodian
  13. § 4313. Statements by masters of vessels and owners of cargoes before granting clearances
  14. § 4314. False manifest; refusal of clearance; reports of gold or silver coin in cargoes for export
  15. § 4315. Offenses; punishment; forfeitures of property
  16. § 4316. Rules by district courts; appeals
  17. § 4317. Fees of agents, attorneys, or representatives
  18. § 4318. Claims of naturalized citizens as affected by expatriation
  19. § 4319. Fugitives from justice barred from recovery
  20. § 4320. Payment of income, etc., by Alien Property Custodian
  21. § 4321. Payment of taxes and expenses by Alien Property Custodian
  22. § 4322. Investments by Custodian in participating certificates issued by Secretary of the Treasury; transfers to and payments from German, Austrian or Hungarian special deposit accounts; allocation of payments
  23. § 4323. Allocation of “unallocated interest fund”
  24. § 4324. Return by Custodian, to United States, of payments under licenses, assignments or sales of patents
  25. § 4325. “Unallocated interest fund” defined
  26. § 4326. Waiver by Custodian of demand for property; acceptance of less amount; approval of Attorney General
  27. § 4327. Attachment or garnishment of funds or property held by Custodian
  28. § 4328. “Member of the former ruling family” defined
  29. § 4329. Return of property
  30. § 4330. Notice of claim; institution of suits; computation of time
  31. § 4331. Payment of debts
  32. § 4332. Hearings on claims; rules and regulations; delegation of powers
  33. § 4333. Taxes
  34. § 4334. Insurance of property
  35. § 4335. Shipment of relief supplies; definitions
  36. § 4336. Retention of properties or interests of Germany and Japan and their nationals; proceeds covered into Treasury; ex gratia payment to Switzerland
  37. § 4337. Intercustodial conflicts involving enemy property; authority of President to conclude; delegation of authority
  38. § 4338. Divestment of estates, trusts, insurance policies, annuities, remainders, pensions, workmen’s compensation and veterans’ benefits; exceptions; notice of divestment
  39. § 4339. Claims for proceeds from sale of certain certificates: jurisdiction, limitations; divestment of copyrights: “copyrights” defined, rights of licensees and assignees, reproduction rights of United States, transfer of interests, payment of royalties to Attorney General, suits for infringement
  40. § 4340. Divestment of trademarks
  41. § 4341. Motion picture prints, transfer of title

https://www.law.cornell.edu/uscode/text/50/chapter-53

39 U.S. Code § 601.Letters carried out of the mail

title 39 usc 601

(a)A letter may be carried out of the mails when—(1)it is enclosed in an envelope;(2)the amount of postage which would have been charged on the letter if it had been sent by mail is paid by stamps, or postage meter stamps, on the envelope;(3)the envelope is properly addressed;(4)the envelope is so sealed that the letter cannot be taken from it without defacing the envelope;(5)any stamps on the envelope are canceled in ink by the sender; and(6)the date of the letter, of its transmission or receipt by the carrier is endorsed on the envelope in ink.(b)A letter may also be carried out of the mails when—(1)the amount paid for the private carriage of the letter is at least the amount equal to 6 times the rate then currently charged for the 1st ounce of a single-piece first class letter;(2)the letter weighs at least 12½ ounces; or(3)such carriage is within the scope of services described by regulations of the United States Postal Service (including, in particular, sections 310.1 and 320.2–320.8 of title 39 of the Code of Federal Regulations, as in effect on July 1, 2005) that purport to permit private carriage by suspension of the operation of this section (as then in effect).(c)Any regulations necessary to carry out this section shall be promulgated by the Postal Regulatory Commission.(Pub. L. 91–375, Aug. 12, 1970, 84 Stat. 727Pub. L. 109–435, title V, § 503(a), Dec. 20, 2006, 120 Stat. 3234.)

https://www.law.cornell.edu/uscode/text/39/601

Toyin Agbetu

Agbetu emerged on the international stage on 27 March 2007, during a Westminster Abbey church service held to recognize the 200th anniversary of Great Britain‘s Abolition of the Slave Trade Act 1807Queen Elizabeth II was in attendance at the commemorative event, which marked the British government’s decision to end the Atlantic Slave Trade, although slavery in British colonies would continue until 1834.[2][3]

In a dramatic display, Agbetu slipped past security guards at the 2007 service and strode into the open area in front of the church altar, standing three metres away from the queen and shouting that the service was an insult to those of African heritage. In subsequent interviews he called the service a self-congratulatory exercise for those who promote oppression and those who continued to prevent the social and intellectual freedom of oppressed peoples. As reported in major media, he yelled at the queen: “‘You should be ashamed. We should not be here. This is an insult to us. I want all the Christians who are Africans to walk out of here with me!'”[4] He was wrestled to the floor by security guards and removed from the church.

Subsequently, a storm of media interest erupted, much of it negative.[5] The Crown Prosecution Service advised that no charges be brought against him.[6] Agbetu’s intervention has been described as “an iconic moment in the modern history of African emancipation struggles”.[7] Agbetu himself later explained in The Guardian what happened from his perspective:

Fractional-reserve banking

Fractional-reserve banking is the most common form of banking practised by commercial banks worldwide.[1] It involves banks accepting deposits from customers and making loans to borrowers, while holding in reserve an amount equal to only a fraction of the bank’s deposit liabilities.[2] Bank reserves are held as cash in the bank or as balances in the bank’s account at the central bank. The minimum amount that banks are required to hold in liquid assets is determined by the country’s central bank, and is called the reserve requirement or reserve ratio. Banks usually hold more than this minimum amount, keeping excess reserves.

Bank deposits are usually of a relatively short-term duration while loans made by banks tend to be longer-term – this requires banks to hold reserves to provide liquidity when deposits are withdrawn. Banks, working on the expectation that only a proportion of depositors will seek to withdraw funds at the same time, keep only a fraction of their liabilities as reserves. Thus, they can experience an unexpected bank run, when depositors wish to withdraw more funds than the reserves held by the bank. In that event, the bank experiencing the liquidity shortfall may borrow from other banks in the interbank lending market; or if there is a general lack of liquidity among the banks, the country’s central bank may act as lender of last resort to provide banks with funds to cover this short-term shortfall.[2][3]

Because banks hold reserves in amounts that are less than the amounts of their deposit liabilities, and because the deposit liabilities are considered money in their own right, fractional-reserve banking permits the money supply to grow beyond the amount of the underlying base money originally created by the central bank.[2][3] In most countries, the central bank (or other monetary policy authority) regulates bank credit creation, imposing reserve requirements and capital adequacy ratios. This helps ensure that banks are solvent and have enough funds to meet demand for withdrawals, and can be used to limit the process of money creation in the banking system.[3] However, rather than directly controlling the money supply, central banks usually pursue an interest rate target to control bank issuance of credit and the rate of inflation.[4]

https://en.wikipedia.org/wiki/Fractional-reserve_banking#Criticisms

Nihilism

Nihilism (/ˈnaɪ(h)ɪlɪzəm, ˈniː-/; ) is the point of view, or philosophyantithetical to the reputedly meaningful aspects of life. Most commonly, nihilism is presented in the form of existential nihilism, which argues that life is without objective meaning, purpose, or intrinsic value.[1] Moral nihilists assert that morality does not exist at all. Nihilism may also take epistemologicalontological, or metaphysical forms, meaning respectively that, in some aspect, knowledge is not possible, or reality does not actually exist.

The term is sometimes used in association with anomie to explain the general mood of despair at a perceived pointlessness of existence that one may develop upon realising there are no necessary norms, rules, or laws.[2]

Nihilism has also been described as conspicuous in or constitutive of certain historical periods. For example, Jean Baudrillard and others have called postmodernity a nihilistic epoch[3] and some religious theologians and figures of religious authority have asserted that postmodernity[4] and many aspects of modernity[5] represent a rejection of theism, and that such rejection of theistic doctrine entails nihilism.

https://en.wikipedia.org/wiki/Nihilism

Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United StatesCanadaWestern European countries, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained its external exchange rates within 1 percent by tying its currency to gold and the ability of the IMF to bridge temporary imbalances of payments. Also, there was a need to address the lack of cooperation among other countries and to prevent competitive devaluation of the currencies as well.

U.S. Trade Balance (1895–2015) and Trade Policies.png

Preparing to rebuild the international economic system while World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference. The delegates deliberated during 1–22 July 1944, and signed the Bretton Woods agreement on its final day. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, these accords established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. The United States, which controlled two thirds of the world’s gold, insisted that the Bretton Woods system rest on both gold and the US dollarSoviet representatives attended the conference but later declined to ratify the final agreements, charging that the institutions they had created were “branches of Wall Street”.[1] These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement.

On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency.[2] At the same time, many fixed currencies (such as the pound sterling) also became free-floating.

https://en.wikipedia.org/wiki/Bretton_Woods_system

charge (n.)

c. 1200, “a load, a weight,” from Old French charge “load, burden; imposition,” from chargier “to load, to burden,” from Late Latin carricare “to load a wagon or cart,” from Latin carrus “two-wheeled wagon” (see car). A doublet of cargo.

Meaning “responsibility, burden” is from mid-14c. (as in take charge, late 14c.; in charge, 1510s), which progressed to “pecuniary burden, cost, burden of expense” (mid-15c.), and then to “price demanded for service or goods” (1510s). Meaning “anything committed to another’s custody, care, or management” is from 1520s.

Legal sense of “accusation” is late 15c.; earlier “injunction, order” (late 14c.). Meaning “address delivered by a judge to a jury at the close of a trial” is from 1680s. Electrical sense is from 1767. Slang meaning “thrill, kick” (American English) is from 1951. Meaning “quantity of powder required for one discharge of a firearm” is from 1650s. Military meaning “impetuous attack upon an enemy” is from 1560s; as an order or signal to make such an attack, 1640s.

charge (v.)

early 13c., “to load, put a burden on or in; fill with something to be retained,” from Old French chargier “to load, burden, weigh down,” from Late Latin carricare “to load a wagon or cart,” from Latin carrus “two-wheeled wagon” (see car).

Senses of “entrust,” “command,” and “accuse” all emerged in Middle English and were found in Old French. Sense of “rush in to attack, bear down upon” is from 1560s, perhaps through earlier meaning “load a weapon” (1540s). Meaning “impose a burden of expense” is from mid-14c. That of “to fix or ask as a price” is from 1787; meaning “hold liable for payment, enter a debt against” is by 1889. Meaning “fill with electricity” is from 1748. Related: Chargedcharging.