The Uniform Bonding Code – (UBC)
Modern Bonding Practice
With the advent of powerful
computers has come the responsibility of analyzing data much more quickly and
thoroughly and in terms of the general economic principles of Leontief
Input-Output Matrix Analysis. (See Wassily Leontief, Studies in the
Structure of the American Economy, and Wassily Leontief, “The World Economy
in the Year 2000,” in Scientific American, September 1980. Wassily
Leontief was the 1973 Nobel Prize winner in Economics.)
In the modern system of
wagering, as applied to insurance and malpractice bonding, several
political-legal-economic factors including Legislation, Judication, Execution
(enforcement) and the behavior of the general public are treated mathematically
as separate industries within the legal system, with the result that these
industries can be interrelated b a system of feedback equations and
computations, the individual workings and behavior of each industry can be much
more closely monitored, and the behavior of the government and public can be
predicted and manipulated.
This amounts to the
application of feedback computing to reliable gambling on the
economic success or outcome of any given statute or legal process. It
results in a scientific bonding system, and results in the transfer of the power
and authority of government over to the bonding companies where it belongs if
governments do not want to behave themselves. (Money talks,
bonding controls.)
I will be posting another part of this every day. To read the whole article now, here's the link: http://www.1215.org/lawnotes/work-in-progress/bonding-code.htm
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