The general financial definition of redemption is the return of an investor’s principal in a fixed-income security, such as a preferred stock or bond, or the sale of units in a mutual fund. Redemption is the re-payment of a financial obligation whereby it is bonds, debentures and/or preferred stock.
Mr. Jack Lew is providing official Notice to all from his position at the Department of the Treasury regarding issued securities that are in a “Roll Over” process as per the video in the “what-is-a-roll-over” section.
The rolling over is because “REDEMPTION”, which is the return on investor’s principal, that is repayment on securities issued by the United States through the Department of Treasury is in question at best with Congress and with the Department of the Treasury.
Mr. Jack Lew is also providing official Notice regarding the pledging of the said “good faith and credit” of the United States and may at the very best be in question because this pledging of the United States may not be able to provide for the repayment that is redemption on securities issued by the United States through the Department of the Treasury.
The Treasurer of the United States applies its signature as Treasurer on Federal Reserve Notes. The Treasurer of the United States signs on the Federal Reserve Notes in circulation. The signature of the Treasurer of the Department of the Treasury on Federal Reserve Notes is evidence of the pledging of the United States since the Treasurer is the Treasurer for the United States as read on the notes.
Notice by Mr. Jack Lew Secretary to the Department of the Treasury in Washington D.C. declares on March 15, 2015,
“ Protecting the full faith and credit of the United States is the responsibility of Congress, because only Congress can extend the nation’s borrowing authority. No Congress in our history has failed to meet that responsibility. The creditworthiness of the Unites States is not a bargaining chip, and I again urge Congress to address this matter without controversy or brinksmanship.”
The United States is being pledged for the “REDEMPTION” of securities as in bonds, notes, bills, guarantees etc issued through the Department of the Treasury as evidenced in the Notice by Mr. Jack Lew.
In 1775 as evidenced below the colonies in that time “PLEDGED” themselves also for the redemption of “BILLS OF CREDIT”. This pledging was equivalent to the value of a TRUE U.S.A. DOLLAR defined in law in the Coinage Act of 1792. The dollar is equivalent in value to a Spanish milled dollar.
Journals of the Continental Congress, 1774-1789
THURSDAY, JUNE 22, 1775
Resolved, That a sum not exceeding two millions of Spanish milled dollars be emitted by the Congress in bills of Credit, for the defence of America.
Resolved, That the twelve confederated colonies be pledged for the redemption of the bills of credit, now directed to be emitted.
[Note 1: 1 The list of Brigadiers and the resolution on bills of credit were printed in the Pennsylvania Packet, 11 December, 1775.]
PLEDGING THE PEOPLE OF THE UNITED STATES for the redemption of its securities issued through the Department of the Treasury and endorsed by the Treasurer of the United States for federal reserve Notes is no longer a solution.
The Covenant rebuts this pledging of the people of the united states for the redemption of its securities issued through the Department of the Treasury and through its treasurer.
The Covenant’s Public Notice and redemption process rebuts the Debt Public Notice issued by Mr. Steven Mnuchin because the assets of The Covenant provides for the redemption through a Standard of Exchange for the United States securities issued through the Department of the Treasury.
This removes the burden of the people of the united states pledged for the redemption of its issued securities through the United States Department of the Treasury.
THE TRUE U.S.A. DOLLAR IS TRUE MONEY BY DEFINITION
MONEY AS UNIT OF ACCOUNT:
Money is a type of asset that people use to purchase goods and services in an economy. An important characteristic of money is that it serves as a unit of account.
A unit of account is something that can be used to value goods and services and can be recorded in accounting. Also, with a unit of account you can make calculations (example: divide, substract, multiply and addition). Definition of a unit of account, is a measurement for value.
A unit of account has 3 important caracteritiques relevant to true money.
Why is money as a unit of account important?
Everything is measured in terms of money. Money is considered valuable and is a efficient way of pricing goods and services. In simplicity, the unit of account allows everyone to be on a same page regarding the value of money as a measure of value. The true U.S. dollar defined in law in 1792 does exactly this.
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