Embattled company ups the ante with own currency

Discussion in 'Chit Chat' started by ASusilovic, Sep 8, 2007.

  1. Victor Manuel Ramos | Sentinel Staff Writer
    September 1, 2007

    Not content with printing its own "private dollars," a Kissimmee company under federal investigation for issuing fraudulent checks announced it is now going to print actual U.S. dollars.

    Angel Cruz, chairman of The United Cities Corp., said Friday that he has given notice to several federal agencies about his new plan.

    He is also calling for the Department of Treasury's Office of the Comptroller of the Currency as well as the Federal Reserve System -- which he has called "Satan's banking system"-- "to prove or retract their false claims within 48 hours" about his company issuing "worthless" checks.

    Cruz said the U.S. government is not doing its job by allowing the Federal Reserve, the autonomous central bank that issues U.S. dollars, to take care of its currency.

    So he and his network of business affiliates will do it.

    He said he will be printing "real U.S. dollars," because he considers those issued by the Federal Reserve illegal, since they are not backed by gold, silver or any other tangible assets.

  2. Is this from The Onion?
  3. From the article: "He said his currency is backed by undisclosed assets and the future earnings of his network's employees."

    Did this guy work at Arthur Anderson?