I agree that government debt cannot be bought and sold like money or any financial instrument at all! However skeptics seem to think I have disassociated from reality, being how that is the foundation of money globally these days. I hear on good authority that Syria was running independently of the IMF and suddenly it was like a nation of lemmings to the sea. It is not difficult to keep assuring myself with the facts and the history that I am just in a slim minority of sane people.Originally Posted by Goldi
For many years now I have been Refusing for Cause the development of Basel Accords - specifically the final rule. I authored a Bill of Exchange for all the debt in the world and it cured 30-day judgment on September 11, 2001. My objective with R4C on the advances of regulating financial institutions have consistently been honored. Last week for example I refused for cause the new final rule:
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...
I Refused for Cause this regulating authority and this week:
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 feels as though I have coerced the OCC into admitting they can have no authority over anything more than their own.
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