Whats the Canadian equivalent?

[walter]

Whats the Canadian equivalent for the demand in lawful money?
I know David said it is in the Bank Act but that is a very large Act to go through. ( a thousand sections, LOL)
Thanks.

[allodial]

This > thread < might have answers. It appears the demand is a demand for payment in 'public funds'.

[walter]

thanks allodial,
i will check it out.

[David Merrill]

Whats the Canadian equivalent for the demand in lawful money?
I know David said it is in the Bank Act but that is a very large Act to go through. ( a thousand sections, LOL)
Thanks.

It is at the very end.

I might be able to upload a folder I call Canadian Redemption. Stay tuned...

[walter]

That would be wonderful david.
Whats the section number of that posted page?
Its from the Bank Act right?
Thanks

[walter]

Found this question and answer very helpful.

Canadian Banking Practice | by John T. P. Knight

http://chestofbooks.com/finance/John-T-P-Knight/Canadian-Banking-Practice/index.html#.ViZkzW6rHkf

Here are a couple question/answers related to the subject.

34 Bank Notes and Legal Tenders.39 The Redemption of Canadian Bank Notes.

[walter]

To add to the top post.
That book was from 1904 pre-gold theft of 33.
So the option of getting payment in gold has gone.


Canadian bank notes are mentioned separate from legal tender so that must be the redemption equivalent.

[xparte]

Is a promissory note legal tender ?, With a bank preferring to call in a promissory Note are the banks making a legal demand on tender or is a Canadian mortgage ones promissory bank note with a redemption equivalent and its usury fee accepted as ones legal debt.without borrowing bank notes we are forced to drop a fractional down payment 10% our promissory note. This enables the banks 90% demand on your 10% in a default.My ? being the original Bank Note or promissory note called a mortgage is sold as debt immediately forcing the bank note into legal tender.Reducing your Bank Note its redemption equivalent is then tendered as fractional loan and the reserve is what your Signature and its 10% deposit enables debt a bill payable only with debt legally tendered bills your payment please .The hydro bill the mortgage bill are for usage or usury is the bill that cant be satisfied.Christ payed the debt why we accept the bills its render his whats his Caesars legal tender and wisdoms lawful shekels borrowing is not the same as returning a neighbours rake . Loving ones neighbour and ones enemies turns out there the same . The bible all law all property all purpose. On purpose

[allodial]

Under Canadian law:

"...that which is said to be an unconditional promise to pay a sum certain in money is itself money."

(according to a formerly 'secret' Supreme Court of Canada ruling)

Legal tender, lawful money and money are all different terms AFAIK.

[xparte]

Legal tender, lawful money and money are all different terms of [debt]

[allodial]

Legal tender, lawful money and money are all different terms of [debt]

Debt is rather distinct and different from that which is used to fulfill (discharge) monetary liability. I'm not sure people really get how things might work. Consider the corporate Purchase Order system.

1 - The seller charges or taxes the buyer.
2 - The buyer agrees that the goods or services have value and that the debt is valid (the Purchase Order is evidence of the buyer's sound mind and lack of argumentativeness and also formalizes the indebtedness of the buyer).
3 - Through some means or another the buyer discharges the debt (i.e. fulfills the monetary liability).

Consider the scenario of Q going into the grocery store, grabbing a gallon of milk and walking out of the door without paying for it. He will have disagreed with his adversary as to the milk having any value, he will be arguing/protesting the tax(es). Consider Z writing a bad check at the register for the same, in Mo. the Bad Check and Delinquent Tax Unit are the same.

In certain monetary systems, its important to firm up the debt IN WRITING and especially to get it in writing that the current owner and seller is willing to accept dollars in exchange for conveying the service, goods or the like. That is why corporate/business purchasing systems are so complex they are designed to firm up the entire process. Credit cards companies and their merchant clients do this all for you at the register so you don't get arrested by the time you hit the door.

So many "Christians" seem to think God isn't in charge anymore. But, reviewing the above and that which follows here:

Agree with thine adversary quickly, whiles thou art in the way with him; lest at any time the adversary deliver thee to the judge, and the judge deliver thee to the officer, and thou be cast into prison. Matthew 5:25 KJV

But if we confess our sins to him, he is faithful and just to forgive us our sins and to cleanse us from all wickedness.
1 John 1:9

Hint: cops are types of magistrates. Here's your retail confessional complete with a cleric--I mean uhh...clerk.

..."An ox treading out thou shalt not muzzle,' and `Worthy [is] the workman of his reward." Timothy 5:18 (YLT)

While an Ox is working, why obstruct if from enjoying itself? Likewise, if a man makes something or provides a service, obstruct not payment.

****

As for the public debt, that seems to represent unbonded or undischarged monetary liability. The U.S. federal deficit results, for example, when the U.S. government spends more than what is bonded for by Congress.


Source: August 2015 - Monthly Treasury Statement (Bureau of the Fiscal Service, U.S. Department of the Treasury)


Source: August 2015 - Monthly Treasury Statement (Bureau of the Fiscal Service, U.S. Department of the Treasury)

Notice the difference between the amounts received and the total expenditures for the month = the month's deficit (i.e. there is no matching discharge or countercharge for it).

[xparte]

Bad credit is the banks liability once you go out that door with who,s debt and who,s loss now milk is production and labour u are stealing someone's worth but if grocer gives you credit and enjoying milk is your thing u will avoid losing credit.

[allodial]

Bad credit is the banks liability once you go out that door with who,s debt and who,s loss now milk is production and labour u are stealing someone's worth but if grocer gives you credit and enjoying milk is your thing u will avoid losing credit.

Unlike you or me the bank is not manufacturing anything of actual substance. If the guy that makes lollipops wants to acquire my services for $500 and I let him off the hook with scrip, you see he has to let me off the hook too if I pay with scrip. Otherwise its inequitable. The bank are just 'middlemen'. To many people think its about "them" when might moreso be about "us". Now when the middlemen are stealing from "us", that is the problem not our merciful/equitable system. Even when gold and silver coins were in circulation, you had guys shaving off the edges to make piles of silver or coin dust or shavings that they could press bullion out of or the like. That is why coins are made with ridges--so you can tell how much and if its been shaven.



The only thing a bank a bank truly stands to lose once you walk away from the mortgage table is the repayment or profits--not so much the principal or the house if its under a deed of trust. If they borrow against what they expect from you and you don't pay or cannot pay--then you see where they might fail. Last I checked, banks don't make houses either. Nonetheless, there are plenty of small town bankers that are sincere and honest. Distinction: Parasites/fleas vs. dog or cow.

[xparte]

Good point shaving is how it all got started weights and measures fractional shavings off 10 coins made 11 a full deposit is then fractioned 9 times shy-larked and locked A Venetian art form hardly Christ mentioned it long before Shakespeare's Shylock

[allodial]