Each and EVERY time a Bank makes a �LOAN� (or purchases �SECURITIES�) new bank �credit� is created � NEW DEPOSITS � Brand new �money�. Broadly speaking, ALL new �money� comes out of a BANK in the form of LOANS. As loans are �DEBTS�, then under the present system, ALL MONEY IS DEBT.
Article. 1. Section. 8.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States; [http://www.archives.gov/exhibits/charters/constitution_transcript.html]
Just another 2.5 billion please, the kids will pay it back IN WITNESS WHEREOF, the Province of Ontario, pursuant to due authorization of law, has caused this Global Bond to be duly executed by an authorized representative and the Seal of the Minister of Finance to be imprinted hereon.
DATED: July 23, 2013 PROVINCE OF ONTARIO
By: ____________________________
Authorized Signing Officer
SEAL OF THE MINISTER OF FINANCE
REGISTRAR�S CERTIFICATE
OF AUTHENTICATION
This is one of the Bonds of the series designated therein referred to in the within-mentioned Fiscal Agency Agreement.
THE BANK OF NEW YORK MELLON
as Registrar
By: ___________________________
Authorized Signatory
The Province of Ontario (the �Province�), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of FIVE HUNDRED MILLION UNITED STATES DOLLARS (US$500,000,000) (the �Principal Amount�) in lawful money of the United States of America on July 22, 2016 (the �Maturity Date�) (or on such earlier date as the Principal Amount may become payable hereunder)
Unless previously redeemed for tax reasons, as provided below, or repurchased by the Province, the Principal Amount of this Global Bond is due and payable on July 22, 2016.
From April 1 to October 31, 2013, budgetary revenue amounts to $39.3 billion, $1.6 billion more than as at October 31, 2012.
� Own-source revenue stands at $29.7 billion, $673 million more than last year.
� Federal transfers amount to $9.6 billion, up $906 million compared to October 31, 2012. They take into account $605 million stemming from the payment by the federal government of $1 467 million1 corresponding to the second portion of the financial compensation arising from the harmonization of the Qu�bec sales tax (QST) with the federal goods and services tax (GST).
The Province of Ontario (the �Province�), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of FIVE HUNDRED MILLION UNITED STATES DOLLARS (US$500,000,000) (the �Principal Amount�) in lawful money of the United States of America on July 22, 2016 (the �Maturity Date�) (or on such earlier date as the Principal Amount may become payable hereunder)
Please excuse me while I break this down here.
[The Province of Ontario (Corporation), for value received (they got something...probably Credit), hereby promises to pay to Cede & Co. (DTCC, a holding house) [...] THE PRINCIPAL (the orignial corpus of what they are holding)[...] in NON TAXABLE MONEY]
Definition of 'Clearing Corporation'
An organization associated with an exchange to handle the confirmation, settlement and delivery of transactions, fulfilling the main obligation of ensuring transactions are made in a prompt and efficient manner. They are also referred to as "clearing firms" or "clearing houses".
Investopedia Says
Investopedia explains 'Clearing Corporation'
In order to make certain that transactions run smoothly, clearing corporations become the buyer to every seller and the seller to every buyer. In other words, they take the offsetting position with a client in every transaction.
"Unless previously redeemed for tax reasons, as provided below, or repurchased by the Province, the Principal Amount of this Global Bond is due and payable on July 22, 2016." tax reasons or repurchased by the Province.....is this in relation to Public Debt we are finding the surety for?
Yes Pete Daoust I just sent an invoice for $6.730.000 (for forcible confinement under the crown, carried away by fraud and criminal breach of the trust) lawful monies of Canada to the CRA. They have 26 days left before notice of fault. Thereafter 10 days till default. I sent an affidavit of obligation along with the invoice and public notice. What I'm doing is called OPCA litigation and vexatious so to avoid that title and cause for another invoice I stated at the bottom (current invoice) this bill may be forgiven on condition of discharge (servitude) and return of wages negotiated in good faith.
Sorry, dude... I "legally claimed" the moon in 1988, as a " romantic stunt" to get into a law student's pants.
True Story. I totally fucked her `till she cried, too! ...so bonus!
So I totally legally own the moon.Sorry dude.