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David Merrill
09-21-12, 03:15 PM
Up to the present I have been treating the redemption of lawful money as a carefully regulated release valve system for the highly compressed information infrastucture commonly called "money". In other words, if the illusion that nations can buy and sell debt and call that money ran its natural course fairly soon money would be completely worthless for currency trading. If I were to open communications too quickly then there would be an implosion of financial markets, as buying and selling debt is absurd to begin with.

Consider those redeeming by demand of like order. From A Course In Miracles:


In contrast, spirit reacts in the same way to everything it knows is true, and does not respond at all to anything else. 2 Nor does it make any attempt to establish what is true. 3 It knows that what is true is everything that God created. 4 It is in complete and direct communication with every aspect of creation, because it is in complete and direct communication with its Creator. 5 This communication is the Will of God. 6 Creation and communication are synonymous. 7 God created every mind by communicating His Mind to it, thus establishing it forever as a channel for the reception of His Mind and Will. 8 Since only beings of a like order can truly communicate, His creations naturally communicate with Him and like Him. 9 This communication is perfectly abstract, since its quality is universal in application and not subject to any judgment, any exception or any alteration. 10 God created you by this and for this.


This morning it would seem that the Office of the Comptroller of the Currency is becoming aware (http://www.occ.gov/news-issuances/bulletins/2012/bulletin-2012-28.html) of last week's surge in consciousness!


Description: Supervisory Guidance on Natural Disasters and Other Emergency Conditions

The Office of the Comptroller of the Currency (OCC) in this bulletin sets out supervisory guidance for national banks, federal savings associations, and any federal branch or agency of a foreign bank (collectively, banks) in the event of a declaration of a legal holiday pursuant to 12 USC 95(b)(1) and 12 CFR 7.3000(b) for national banks, 12 USC 1463(a)(1)(A) for federal savings associations, and 12 USC 3102(b) for federal branches or agencies of a foreign bank, or a disaster that may affect a bank?s operations or customers. The bulletin rescinds and replaces


OCC Bulletin 2008-26, ?Responding to Disasters: Supervisory Guidance,? October 3, 2008;
Office of Thrift Supervision Chief Executive Officer Memorandum 278, ?Natural Disaster Preparedness,? September 9, 2008;
Office of Thrift Supervision Chief Executive Officer Memorandum 384, ?Natural Disaster Preparedness,? April 28, 2011; and
Office of Thrift Supervision Thrift Bulletin 71, ?Serving Communities Affected by Natural Disasters,? August 8, 1997.


The Comptroller of the Currency, or an appointed designee, has the authority to declare a legal holiday for banks in the event of natural calamity, riot, insurrection, war, or other emergency conditions whether caused by acts of nature or man (hereinafter referred to as events).

A written proclamation of a legal holiday, unless otherwise directed, provides bank management the discretion to make individual decisions to remain open, or close, for the duration of the event. It is anticipated that only those banks or offices directly affected by the event will close, and those banks or offices that close will make every effort to reopen as quickly as possible to address the banking needs of their customers and communities.

Regardless of whether a legal holiday has been declared through a written proclamation, bank management has the discretion in the case of any emergency or event, to act prudently and responsibly to ensure the safety of human life and to safeguard banking assets (tangible and intangible).

If a disaster or other event is expected to result in long-term or widespread disruption of critical services, and banks operate or have customers in areas that are affected by the event, the OCC encourages banks to consider...


This is the continuation of the Emergency in 1933 - The Bankers' Holiday (http://Friends-n-Family-Research.info/FFR/Merrill_FR_Bulletin_March_1933.jpg) of FDR. This Emergency was ended in the '70's but stipulating that the Secretary or President can call this Holiday again should there be a run on lawful money redemption, just like was happening in 1933 when the 30-year charter of the Fed expired.

End of the Emergency 1 (http://Friends-n-Family-Research.info/FFR/Merrill_PL94-412.jpg)
End of the Emergency 2 (http://Friends-n-Family-Research.info/FFR/Merrill_PL94-412_stipulation.jpg)

This updating the manual for banks demonstrates a certain vigilance on the OCC's part paying attention to the pending bank run. If you Google "Redeemed Lawful Money" you might consider that another snapshot or profile on this subject.



Regards,

David Merrill.

David Merrill
09-21-12, 04:42 PM
P.S. From The Science of Mind:


http://img809.imageshack.us/img809/4061/claimallthatthereis.jpg


Another way to understand the global nature of the action - recalling the debt is to examine my protecting this Bill of Exchange (http://img16.imageshack.us/img16/8445/billofexchange.pdf) from the encroachments of banking regulations by that same OCC office. Mostly in the form of Basel Accords and the final rule on that.

Notice the Date:


http://img205.imageshack.us/img205/4816/finalruler4c.jpg

There have been probably ten Refusals for Cause over the years and none of the regulation legislation has been able to go into effect over any scope of lawful money. Here is a recent Refusal for Cause (http://img407.imageshack.us/img407/9753/r4cfinalrule2013.pdf). Explaining this to the brain trust may shed some light on this recent concern by the OCC.

Crosstalk:


Dear Suitors;







This is the kind of impact that I find encouraging. But first I want to touch on some principles that I think apply. Communication is synonymous with creation and only beings of like order can truly communicate.



I refused for cause the final rule (http://www.occ.gov/news-issuances/bulletins/2012/bulletin-2012-25.html) just recently. It was as though the OCC planted the $50B Stress Testing (attached) just prior the final rule Notice so that I might forego the R4C on the final rule, and it almost worked. I was thinking, Hell I just refused for cause the Stress Testing; that should cover this final rule Notice too. But I decided to R4C and as the Holy Spirit would have it the process server was dawdling and I caught her just in time to get both done Monday a week ago (also attached). Today the OCC released the newest comment (http://www.occ.gov/news-issuances/bulletins/2012/bulletin-2012-26.html) about the final rule.



The purpose all along has been to mitigate the scope of effect of OCC and FDIC regulation and rule so that it has no adverse affect on my Bill of Exchange. The original scope of the new final rule was:






Summary

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) on August 30, 2012, published in the Federal Register a final rule that amends their respective market risk capital rules, which generally apply to banking organizations that engage in substantial trading activity. The revisions broaden the scope of these rules to better capture the risks inherent in trading positions. Specifically, the final rule improves the sensitivity to risks...


Compare that with today?s release, again commenting on the scope in the first paragraph of the Summary:




Summary

The Office of the Comptroller of the Currency (OCC) advises federal savings associations to review the Federal Deposit Insurance Corporation?s (FDIC) final rule and guidance issued July 24, 2012, on investments in corporate debt securities. Federal savings associations have until January 1, 2013, to comply with the FDIC?s final rule. In addition, the OCC reminds federal savings associations they must comply by January 1, 2013?


It can be read that todays notice only applies to federal savings associations, but over the years I have found that this means that the OCC and FDIC are withdrawing the broad scope of the final rule and admitting that they only had authority over their own all along. ? Except for if I were to acquiesce that the final rule generally applied to banking organizations that engage in substantial trading activity.





Regards,



David Merrill.

David Merrill
09-21-12, 07:41 PM
Don't miss this part! (http://www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-131.html)



OCC Reports Second Quarter Trading Revenue of $2.0 Billion

WASHINGTON — Commercial banks and savings associations reported trading revenue of $2.0 billion in the second quarter of 2012, 69 percent lower than the first quarter of 2012, and 73 percent lower than in the second quarter of 2011, the Office of the Comptroller of the Currency reported today in the OCC's Quarterly Report on Bank Trading and Derivatives Activities.


“Trading revenues were weak in the second quarter,” said Martin Pfinsgraff, Deputy Comptroller for Credit and Market Risk. “While both normal seasonal weakness and reduced client demand played a role, it was clearly the highly-publicized losses at JPMorgan Chase that caused the sharp drop in trading revenues.” Mr. Pfinsgraff noted that JPMorgan Chase reported a $3.7 billion loss from credit trading activities, causing the bank to report an aggregate $420 million trading loss for the quarter...



P.S.

My suspicion is that the US government suing 17 major banks (http://img6.imageshack.us/img6/197/usavduetschebankcomplai.pdf) is taking its toll. Even with the built in delays (http://img7.imageshack.us/img7/6403/schedulingfortrials.pdf), it is a costly thing for banks to be sued for this bogus foreclosure market.

allodial
09-24-12, 02:33 AM
Basel III is quite interesting. Seems to be more hard-nosed about banks having adequate capitalization. I have quite a nice chart for my wall. Hope to find the PDF for it. Some reading materials for those long baths, train rides or the like:

http://www.algorithmics.com/EN/media/pdfs/Algo-WP0910-LR-Basel3-Exd.pdf
http://www.slaughterandmay.com/media/1550585/basel-iii-a-new-capital-adequacy-and-liquidity-framework-for-banks.pdf
http://www.dnbgov.com/pdf/DNBBaselIII.PDF
http://www.mofo.com/files/Uploads/Images/101223-Basel-III-The-Nearly-Full-Picture.pdf
http://www.accenture.com/SiteCollectionDocuments/PDF/FinancialServices/Accenture-Basel-III-Handbook.pdf
http://www.fas.org/sgp/crs/misc/R41467.pdf
http://www.pwc.lu/en/risk-management/docs/pwc-basel-III-a-risk-management-perspective.pdf
http://www.bis.org/publ/bcbs189.pdf

http://www.mofo.com/files/Uploads/Images/SummaryDoddFrankAct.pdf
Dodd-Frank vs Basel III: http://www.whoswholegal.com/news/features/article/28829/basel-iii-v-dodd-frank-does-mean-us-banks/

What is interesting is that if one reads between the lines of laws and regulations even before Basel III it shows how limited banks were intended to be as far as the scope and function (i.e. could it be that have been doing what they were never intended to do?). Perhaps necessities driven by a "ambient lack of knowledge" among the "citizenry" which may have been encouraged by bankers to begin with?

allodial
09-24-12, 02:45 AM
Ernst & Young Basel III Poster. Sure to impress the chics!

http://www.ey.com/Publication/vwLUAssets/Basel_III_poster/$FILE/Basel-III_1132438_Basel-III-poster.pdf

http://player.vimeo.com/video/45431290

Could possibly be that the US financial system is so much better secured than others that others are trying to make excuses to poke holes?

David Merrill
09-24-12, 04:14 AM
Ernst & Young Basel III Poster. Sure to impress the chics!

http://www.ey.com/Publication/vwLUAssets/Basel_III_poster/$FILE/Basel-III_1132438_Basel-III-poster.pdf

http://player.vimeo.com/video/45431290

Could possibly be that the US financial system is so much better secured than others that others are trying to make excuses to poke holes?

Thanks for the poster!

Need I explain why I have been Refusing for Cause every major step that even smells of Basel?