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Thread: The Spider's Web: Britain's Second Empire (Documentary)

  1. #1

    The Spider's Web: Britain's Second Empire (Documentary)
    British tax haven jurisdictions must watch.

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    Quote Originally Posted by Gavilan View Post
    British tax haven jurisdictions must watch.
    Thank you for that insight!

    Look at the Footnotes on any current asset report.

    I had not pieced together what was behind the money market buying and selling the US Dollar; at about the six-minute mark of the video. I appreciate you all. Thanks for posting here.

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    Money approved in a country for paying debts with debts.

    2018 budget, the Government of Canada announced that it will ask for the power to be able to remove legal tender status from bank notes—something it cannot do now. If that power is approved by Parliament, the plan would be to remove that designation from certain bank notes that are no longer being produced—the $1, $2, $25, $500 and $1,000 notes—and they would be officially taken out of circulation. This initiative is supported by the Bank of Canada.Canada’s official notes and coins are called legal tender
    Every bank note issued by the Bank of Canada since we opened our doors in 1935 is still redeemable at its face value. Technically, you can use a 1935 $25 bank note when you go shopping or pay a bill. The cashier might refuse it because it looks unfamiliar, but it is still worth $25. In fact, some bank notes, especially the rare ones, are worth more than the number on their face to collectors.

    Bank notes issued by the Bank of Canada, together with coins issued by the Royal Canadian Mint, are what is known as “legal tender.” That’s a technical term meaning the Government of Canada has deemed them to be the official money we use in our country. In legal terms, it means “the money approved in a country for paying debts.”

    Today, money is not just bank notes but takes many different forms: credit cards, debit cards, cheques, and contactless payments using mobile devices. You can pay with any of these forms of money, even though they are not considered “legal tender.” In fact, anything can be used if the buyer and seller agree on the form of payment. So “legal tender” has little impact on our everyday lives.Demanding lawful money just another form of money (My Central Bank has little impact on the face value of any Note redeemed for value changing the status not its function)
    Bank notes will not lose their face value
    In short, removing legal tender status means that some older bank notes would no longer have the official status of being approved for payments of debt. Essentially, that means you would no longer be able to spend that 1935 $25 bank note to buy items at a store. But these bank notes would not lose their face value. If you have one of them, you will still be able to take it to your financial institution or eventually send it to the Bank of Canada to redeem its value.

    International experience
    Many other countries have been doing this for years. More than 20 central banks around the world have the power to remove legal tender status from their notes, including the Bank of England, the Sveriges Riksbank (Sweden), the Swiss National Bank, the Reserve Bank of New Zealand and the European Central Bank.Current, high-quality and secure bank notes
    Having the power to remove legal tender status from bank notes means that we can do a better job of keeping the notes in circulation current. Newer bank notes have better security features that make them difficult to counterfeit, and they are in better condition overall. Keeping notes current means they work more efficiently for all of us.

    Officially taking the $1, $2, $25, $500 and $1,000 notes out of circulation will help achieve that goal. This decision will have little impact on most of us.

    That’s because these bank notes have not been produced in decades. In fact, you almost never see them. Some people do not recognize them, which means they likely would not be accepted in transactions.

    The $1 and the $2 notes stopped being issued in 1989 and 1996, respectively, and were replaced with coins.
    The $25 note was a commemorative note. Both it and the $500 note were discontinued shortly after they were issued in 1935.
    The $1,000 note stopped being issued in 2000.
    By removing these old notes from circulation, we can ensure that our bank notes stay current, of high quality and secure. It also guarantees they are always easy to use. The Bank of Canada will continue to honour these bills and exchange them at face value but financial institutions will be forced to return them to the Bank every time one is brought in.

    The Bank says that if you don’t want to redeem any of those bills, you can always decide to keep them as bookmarks.or debt free souvenirs .

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    Isn't it Chex' job to cut & paste various websties? Although he will include the source

    Anyway, I saw what you did there.
    Quote Originally Posted by xparte View Post
    Demanding lawful money just another form of money (My Central Bank has little impact on the face value of any Note redeemed for value changing the status not its function)
    Bank notes will not lose their face value

  5. #5
    Quote Originally Posted by marcel View Post
    I saw what you did there.
    Your avatar says it all marcel such a task isn’t it?
    "And if I could I surely would Stand on the rock that Moses stood"

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    Thanks Chux. I believe the "walter" persona is overdue for check-in as well.

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    debt free souvenirs .sounds like lawful money is a sovereign affair Bank notes will not lose their face value
    In short, removing legal tender status means that some older bank notes would no longer have the official status of being approved for payments of debt. Redemption is removing debt from a Bank note or removing its legal status bank notes would no longer have the official status of being approved for payments of debt if they were lawful the status isnt legal. The words BANK OF CANADA or Government of CANADA were impossible to conceal i seen what i done i just cut and run . Waste and Paste watch cautious departures keep your stick on the ice eh

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    Note liabilities as easily as deposit liabilities, money and abandonment issues L’Encyclopédie de l’histoire du Québec / The Quebec History Encyclopedia By 1914, the amount of Dominion notes issued against a 100 per cent. gold reserve was relatively so large (and the 25 per cent. reserve was practically all gold), that Dominion notes were very nearly gold certificates. The reserve ration was approximately 82 per cent. Only the small 1-dollar and 2-dollar notes circulated widely, for the larger notes were held by the banks as reserve money, and for meeting clearing-house balances, as experience had demonstrated that the notes were more convenient than gold to handle and could be turned into gold upon demand. Thus the Dominion note issue performed two very dissimilar functions. The small notes served as a hand-to-hand currency and were rarely presented for redemption. But the main function of Dominion notes was to serve as reserve money for the banks, which made them particularly susceptible to redemption. When gold was needed for export, the usual practice was for the banks to cash Dominion notes and export the proceeds; when gold was imported the reverse procedure occurred. Thus the functions of the government in handling the issue were almost automatic-an exchange of gold for notes and notes for gold.

    At the special war session of 1914, the partially-covered issue was raised to $50,000,000. Also $16,000,000 of notes were issued against railway securities. This was really a loan to the Canadian Northern Railway and the Grand Trunk Railway system, reserving $10,000,000 for general governmental purposes, against which. nothing was held. Thus there was $26,000,000 with no specie reserve at all, $50,000,000 with a 25 per cent. reserve in specie, and the balance with a 100 per cent. reserve in gold. In the same year the Finance Act was passed. This Act allowed Dominion notes to be issued to the banks against the pledge of approved securities. The notes so issued required no specie reserve, but were undistinguishable from the notes issued in any other way. Thus the war legislation permitted a drastic dilution of the whole issue.

    At the outbreak of war, in 1914, the gold standard, which had been maintained without a break since 1853, was abandoned, and was not resumed for twelve years. The necessities of wartime finance made a substantial inflation inevitable, and the Finance Act was an important mechanism in bringing this about. With the resumption of the gold standard on July 1, 1926, Canada attempted to resume her prewar monetary standard, but the Finance Act was an entirely new factor in the situation, and all experience with it had been obtained during a period of inconvertible paper money. Under the Dominion Notes Act, the issue of Dominion notes-with respect to specie reserves-was most carefully guarded, but under the Finance Act identical notes could be issued with no gold reserve required. Thus one door was carefully locked while the other was left wide open. The result was that less than two and a half years' operation of the Act under gold standard conditions brought about an informal abandonment of the gold standard. Since 1929, Canada has not adhered strictly to the gold standard, although in the earlier period this was not so obvious. In October, 1931, gold exports were prohibited by order-in-council, but as the legal basis for this action was not too clear an Act was passed in 1932 specifically giving the government power to take such action.

    Because of the establishment of the Bank of Canada; the Finance Act was repealed in 1934,1 along with a number of other Acts, such as those of 1914. In 1934, the Dominion Notes Act was amended so that the partially covered issue was raised to $120,000,000, but included in this amount was the $26,000,000 issued under the Acts of 1914. Thus the net increase in the partially-covered issue was $44,000,000, which was used for public works. Under the terms of the central bank Act, the Dominion note issue was to be taken over by the central bank. But inasmuch as the government had to give the central bank 3 per cent. bonds for the amount by which the Dominion note issue exceeded the gold held against it, the financing of public works by the creation of $44,000,000 of notes was illusory. A little later these notes would have to be retired with bonds, which would mean that the public works were really financed with a bond issue. The establishment of the central bank meant the disappearance of a currency which, despite its somewhat disreputable origins, has on the whole had a long and honourable history, much more so than most government currencies.

    Since the first bank of issue began in 1822, bank notes have been an important part of the circulating media in Canada . From almost the very beginning Canadian banks have had the right to issue bank notes (to the amount of the paid-up capital) as freely as they could create deposits. This meant that the bank circulation was elastic in that the amount of it depended upon the capacity of the bank to grant credit accommodation and not upon some extraneous cause. The bank-note circulation did not press upon the paid-up capital limit until early in the first decade of the present century. This situation was met in 1908 by giving the banks permission to issue notes to the amount of 15 per cent. of their combined capital and surplus (reserve fund). The "excess" issue was taxed at a rate of 5 per cent., which tended to restrict its use. In 1913, the creation of the central gold reserves offered a more permanent solution.

    Under this provision banks were allowed to issue notes in excess of their paid-up capital be depositing Dominion notes or gold in this reserve, which was located in Montreal, and which was under the control of four trustees-one appointed by the minister of finance and three by the Canadian Bankers' Association. This practice, however, ended the vaunted elasticity of the bank circulation, for it made it directly dependent upon the supply of legal money. Consequent upon the establishment of the central bank, the Bank Act was amended in 1934, to provide for the gradual extinction of the bank circulation so that by 1946 the banknote issue will be only 25 per cent. of the paid-up capital.

    Despite the fact that, at least in the early period, the banks could create note liabilities as easily as deposit liabilities, the circulation did not become redundant because of the practice of clearing notes. Each bank collected the notes of the other banks and presented them for payment through the clearing-house, which prevented any bank from getting a redundant circulation. At the same time this practice tended to make the nominal circulation larger than it really was, through the banks storing the notes of other banks.

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    I wish I had more time. I just came from Church (Messianic Judaism) and realized the Enlil SHADDAI was not satisfied with the Golden Calf heist, but while he convinced the Israelites he had power of life and death on them he cleaned their clock. - In return for a tabernacle plan of global conquest through commercial priestcraft. Then came FDR...
    Attached Images Attached Images  

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    Calvinists Puritanism just revolutionists who eat pork

    Completely extirpated by the depraved Neo platonists. for nearly five centuries manipulated minds and corroded the human spirit with the alchemical processing for which religious Christian authorities are justly infamous. Absolutely a Spiritual significance of the events we are retelling.the unambiguously intelligible mystical philosophical system provides our idolatrous worship as far as conquered endorsement goes a pen is a death warrant the first instrument of war is usury. According to Carl Gustav Jung, the archetypes are universal, archaic patterns and images residing in the collective unconscious as the psychic counterparts of bodily instinct. They are hidden autonomous forms, thus independent of consciousness, largely self-willed, having a ‘luminosity’ of their own. The archetypal images are moulded by the individual context and the history of surrounding culture, providing them with their specific content. As inherited potentials they manifest as symbolic imagery and in collective movements in the outside world. Jungian archetypes depend on the archetypes-as-such, empty forms or predispositions. Are we dispossessed to a tabernacle plan of global conquest through commercial priestcraft. Then came FDR.his calf heist and quoting ..that all of us, and you and I especially, are TRIBED Upped descended from immigrants and revolutionists.” ... Hebrew heists Torah Temple Worship Rabbinical Judaism or Synagogue Revolutionists starting with Christ. .

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