PROMISE TO PAY
Bonds, bills, notes, many forms of what the financial market
calls securities is a contract that states a promise to pay.
The cash register and the dealer room of the Treasury and its confirmation tickets for each trade being said to be regulated, monitored, transparent and verifiable is in such a manner that no one knows what the true numbers are regarding the accountability and with its use of the double-entry accounting scheme being used for profits for others to benefit from in the information above.
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A debt instrument from the Treasury is a “…PROMISE TO PAY…”. |
