Reference question: How does a private corporation access the public trust?
Friday, May 1, 2015
USA, Inc Is Violating Public Trust, Contract and Statutory Code | US Spent $38,913,501,207.80 Over The Legal Limit
This is very important because the debts which this corporation incurred are not the people’s responsibility. We are actually the creditors for this company, and as such any debt is actually owed to us. The criminal organization which presently managed this body would have us believe we are the debtors. See the post The National Debt Is Not For Americans To Payback | History of The Corporate Takeover of The Continental United States for a detailed account of this.
The key point here is that the government is the servant of the people and not the reverse. Since it has breached the public trust,
by claiming we are servants of government, and has pushed untold
horrors on humanity, it is our duty to expose this insurgent run
organization who has duped the people, and our opportunity to do so is
strongest now.
If the Cabal intends on using this false debt crisis as a way to
impose more draconian measures on the people, we who are aware, can take
this opportunity to reveal the truth, and show our sleeping brothers
and sisters that we can reclaim our status as present beings and end the
false paradigm of authority and control.
Like many things in life, we often need to hit rock bottom before
we feel driven to change. Please share this information with others and
educate them. The conditions on Earth are co-creative result of all us,
and together we can remake this world into the paradise it is meant to
be.
– Justin
Source – CNS News
(CNSNews.com) – According to the Daily Treasury Statement for Friday, April 3,
which was published by the U.S. Treasury on Monday, April 6, that
portion of the federal debt that is subject to a legal limit set by
Congress closed the day at $18,112,975,000,000—for the 21st day in a
row.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.
Table III-C on the Daily Treasury Statement
for April 3 shows that the federal debt subject to a legal limit began
April at $18,112,975,000,000 and closed both April 2 and April 3 at that
level.
The debt first hit $18,112,975,000,000, according to the Daily Treasury Statement, on March 13, which was the day Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders saying that he was planning to declare a “debt issuance suspension period.”
This was necessary, Lew explained, because in 2014 Congress enacted
legislation that “suspended” the debt limit until March 15 and then
reinstated it on that date at whatever level the debt had reached by
then.
“As you know, in February 2014, Congress passed the Temporary Debt
Limit Extension Act, suspending the statutory debt limit through March
15, 2015,” Lew said in his March 13 letter. “Beginning on Monday, March
16, the outstanding debt of the United States will be at the statutory
limit. In anticipation of reaching that date, Treasury has suspended
until further notice the issue of State and Local Government Series
securities, which count against the debt limit.”
The federal debt subject to limit first
closed at $18,112,975,000,000 on March 13. Since then, it has closed at
that same level on every business day.
State and Local Government Series securities, the Congressional
Research Service explains, are “customized securities available for
state and local governments to hold proceeds of bond sales,” and are
considered part of the federal government debt that is held by the
public.
“Because Congress has not yet acted to raise the debt limit,” Lew
said in his March 13 letter, “the Treasury Department will have to
employ further extraordinary measures to continue to finance the
government on a temporary basis. Therefore, beginning on March 16, I
plan to declare a ‘debt issuance suspension period’ with respect to
investment of the Civil Service Retirement and Disability Fund and also
suspend the daily reinvestment of Treasury securities held by the
Government Securities Investment Fund and the Federal Employees’
Retirement System Thrift Savings Plan.”
Lew noted that these same actions had been taken “during previous debt limit impasses.”
For example, as CNSNews.com reported,
when Secretary Lew declared a debt issuance suspension period in 2013,
the Treasury reported the debt subject to the limit was frozen at
$16,699,396,000,000 for 150 days, running from mid-May to mid-October of
that year.
On March 16 and 17 Lew
sent additional letters to Congress further explaining the actions he
would be taking during the “debt issuance suspension period” that began
on March 16. The Treasury also posted Frequently Asked Question sheets that explained the actions and their statutory basis.
“Under current law, if the Secretary of the Treasury determines
that the issuance of obligations of the United States may not be made
without exceeding the debt limit, a ‘debt issuance suspension period’
may be determined,” the Congressional Research Service explained in a report published on March 27.
“This determination gives the Treasury the authority to suspend
investments in the Civil Service Retirement and Disability Trust Fund,
Postal Service Retiree Health Benefit Fund, and the Government
Securities Investment Fund (G-Fund) of the Federal Thrift Savings Plan.
“In addition,” said CRS, “this gives Treasury the authority to
prematurely redeem securities held by the Civil Service Retirement and
Disability Trust Fund and Postal Service Retiree Health Benefit Fund.”
“The total federal debt consists of debt held by the public and intragovernmental debt,” the CRS explained in a report published in 2011.
“Debt owed to the public represents borrowing from entities other than
the federal government, and includes borrowing from state and local
governments, the Federal Reserve System, and foreign central banks, as
well as private investors in the United States.
“Intragovernmental debt,” said CRS, “consists in debt owed by one
part of the federal government to another, which are mostly held in
trust funds.”
The net effect of the Treasury’s actions is that although the
publicly held debt of the government continues to fluctuate–as the
Treasury redeems maturing debt held by the public and issues new debt
held by the public—the overall debt subject to the limit set by Congress
closes each business day at $18,112,975,000,000.
As of March 13, according to the Daily Treasury Statement, the
federal debt held by the public was $13,083,880,000,000. By April 2, it
had risen to $13,096,592,000,000; and, by April 3, it had risen to
$13,113,626,000,000.
But on all days from March 13 through April 3, the federal debt
subject to the legal limit set by Congress was 18,112,975,000,000.
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