KISSIMMEE, Fla., August 9, 2007 – Kissimmee Utility Authority (KUA) today issued a reminder to customers to pay their utility bills only with funds or currency drawn on the Federal Reserve banking system.
In the past week, KUA has received 13 documented reports from customers who have participated in a “financial mechanism” offered by Kissimmee-based The United Cities Corp. (TUC). By participating in this program, TUC agrees to serve as a bank and “manage” the finances of its members. Members deposit funds and TUC, in turn, mails out checks to cover the cost of each member’s monthly utility bills.
At issue is the fact that TUC uses a private currency system, not the traditional Federal Reserve System which serves as the central banking system for the United States. When TUC checks are received by KUA, they cannot be deposited because neither the utility nor its financial institutions are part of TUC’s private currency system.
A written statement from TUC to KUA states that the private currency system is needed because the “The United States of America is currently facing an economic disaster of immense proportions, due in large measure to a continued erosion of our national currency, via the issuance of flat currency (with no intrinsic value) Federal Reserve Notes.” The statement goes on to read that “These notes, more commonly known as US Dollars are deemed unlawful according to the Constitution of the United States of America.”
KUA reminds its customers that they are responsible for payment of their utility bill using funds drawn on the Federal Reserve banking system. Those who choose not to pay in this fashion risk the chance of utility service interruption. Payments can be made using cash, checks drawn on banks with ABA routing numbers, money orders and credit cards.
TUC works under the jurisdiction of Coral Gables- based The United States Infrastructure Improvement Foundation Group Co, Inc.
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 170,000 residents in five Central Florida counties.
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Chris M. Gent