Do Corporations Exist Legally?

Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

Santa Clara County v. Southern Pacific Railroad Company, 118 U.S. 394 (Filed May 10,1886) was where this all started.

"The Southern Pacific Railroad Company refused to pay a tax assessed by the California Board of Equalization upon its franchise, roadways, roadbeds, fences, and rolling stock. The county brought an action in state court against the railroad to recover the delinquent taxes. The railroad had the action removed to the federal district court. The court agreed with the defendant that the assessment of the tax was void because the board had no jurisdiction to act. It also ruled that the defendant had been denied equal protection of the law because the assessment of the property was made at full monetary value without the discount that was given to individual property owners for outstanding mortgages on their property. The county filed a writ of error to the federal court, and the U.S. Supreme Court heard the case.--http://www.answers.com/topic/santa-clara-county-v-southern-pacific-railroad

Chief Justice Morrison R. Waite stated at the time: "The court does not wish to hear argument on the question whether the provision in the Fourteenth Amendment to the Constitution, which forbids a State to deny to any person within its jurisdiction the equal protection of the laws, applies to these corporations. We are all of the opinion that it does."

J. C. Bancroft Davis (Court Reporter), inserted Chief Justice Waite's comments as "Statement of Facts", even though Chief Justice Waite stressed to Davis that the court did not rely on this information to reach its decision".

Does this mean there was no actual ruling made allowing corporations to legally exist in the first place?

YES.

The Supreme Court did not specifically rule on the constitutionality of the treatment of the railroad by the state, the case of County of Santa Clara v. Southern Pacific Railroad Company is cited to support the principle that both corporations and natural persons are entitled to equal protection of laws pursuant to the Fourteenth Amendment to the Constitution.--http://www.answers.com/topic/santa-clara-county-v-southern-pacific-railroad

Many cases since have referred to this decision as setting a legal precedent for recognition of corporate personhood, even though the Supreme Court decided in the 1905 case of United States v. Detroit Lumber that headnotes and statement of fact can not be construed as being part of official court decisions.--http://www.answers.com/topic/santa-clara-county-v-southern-pacific-railroad

So this means ladies and gentleman. THERE WAS NEVER ANY OFFICIAL RULING AS TO WHETHER OR NOT CORPORATIONS ARE LEGALLY ENTITLED TO EXIT IN THE FIRST PLACE...COURT OPINIONS ARE NOT THE SAME AS COURT DECISIONS. THE OPINION IS NOT THE LAW. THE DECISION IS. AND SINCE THERE WAS NO DECISION EVER MADE.....

That means every VISA,MASTER CARD,BANK ONE, MBNA, debt a person may owe becomes invalid since corporation's exist illegally. Same goes for banks and any other company classified as a corporation.

This is heavily tied into or not whether credit is actually money.

"Essential characteristics of money

Money has all of the following three characteristics:http://en.wikipedia.org/wiki/Money

1. It must be a medium of exchange

When an object is consistently used as an intermediate object of trade, as opposed to direct barter, then it is regarded as a medium of exchange. The utility of such an object in simplifying the process of trade leads to direct demand for the object.

Either coercion or faith is necessary in order for a single object to become or to remain dominant in this function.

When people are coerced to use or, alternatively, they trust an object and demand it in order to exchange and trade, then this object is considered money.

2. It must be a unit of account

When the value of a market good is frequently used to measure or compare the value of other goods or where its value is used to denominate debts then it is functioning as a unit of account.

A debt or an IOU can not serve as a unit of account because its value is specified by comparison to some external reference value, some actual unit of account that may be used for settlement. Unless, of course, the debt or IOU is also an accepted medium of exchange, in which case we have money.

For example, if in some culture people are inclined to measure the worth of things with reference to goats then we would regard goats as the dominant unit of account in that culture. For instance we may say that today a horse is worth 10 goats and a good hut is worth 45 goats. We would also say that an IOU denominated in goats would change value at much the same rate as real goats.

3. It must be a store of value

When an object is purchased primarily to store value for future trade then it is being used as a store of value. For example, a sawmill might maintain an inventory of lumber that has market value. Likewise it might keep a cash box that has some currency that holds market value. Both would represent a store of value because through trade they can be reliably converted to other goods at some future date. Most non-perishable goods have this quality.

Many goods or tokens have some of the characteristics outlined above

Credit is often loosely referred to as money. However credit only satisfies items one and three of the above "Essential Characteristics of Money" criteria.

Credit COMPLETLEY FAILS criterion number two. Hence to be strictly accurate credit is a money substitute and not money proper. That means when you make or have made a credit card purchase you owe nothing."--http://en.wikipedia.org/wiki/Money

It is a huge, huge scam that has been placed on the American citizen. And it's not even real money that many Americans owe. But yet anyone ever notice why its called credit card debt, not credit card money?

Just Think about it...