[WYD] Treasury Bonds Available Tomorrow on Day 1236 (Day 1235)

Day 1,235, 15:38 • Published in Canada Canada • by Addy Lawrence


This has been a long time coming.

Nearly a month ago, the Treasury Bond Program was enacted and I was elected Director of the Program. The aim of the program was to strengthen the CAD by taking CAD out of circulation.

Two things slowed things down. First, getting a government org from nea “cell phone” milosu proved to be timely and difficult. Second, I lost focus with my CP campaign. The program received a death scare recently when it was attempted to be repealed by our CP, Jacobi. This motion was defeated and the Program survives. Now it is time to put the legislation to work and combat the 0.006g CAD and the CAD$205 gold.

I have been empowered by congress to sell $25,000 in Treasury Bonds. They go on sale tomorrow. They are $500 each, no more, no less.

During the first seven days of subscription (April 9 -15), you may only purchase one $500 bond.

During the next seven days of subscription (April 16-22), you may purchase two additional $500 bonds.

After the fourteen day period has expired, you may purchase as many $500 bonds that are available from the first traunch of $25,000.

To purchase the bonds, donate $500 to “Canadian Ministry of Finance” and send a PM to “Canadian Ministry of Finance” that you wish to purchase a Treasury Bond. You will receive a reply PM with your Treasury Bond Number. Be advised that this purchase will be a matter of public record and that everyone will know that you bought the bond and everyone will know how much money you are paid, in coupon interest, while you hold the bond.

The first payment of interest on the bonds is scheduled for May 2nd. The holder of each $500 bond will receive a payment of $25 representing 5% interest.

There will be a sub-forum created on eCan to track each individual bond. Bondholders will be able to transfer ownership of their bond on this forum. The bondholder will have to make a post saying that they have transferred the bond to whomever. At this point, the bondholder on the master list will be edited and all future interest payments will be made to the new bond-holder.

It is my responsibility to make sure that the $25,000 I collect gets into the Treasury. I guarantee performance of this and commit to paying the government 125g, which is what it would cost to print the CAD to settle up with the bond holders in the event of a loss, if something goes wrong.

I also guarantee the interest payments to the bondholders, on behalf of the government, with the condition that the donation from Treasury is made to my personal org, Chemmy Boy Association, whom nobody else has the password to.

I apologize for being slow out of the gate with this program, it is long overdue, and with the price of gold exceeding CAD$200 and CAD approaching the cost of print, we need to do something.

Your brutha from another daddy,

Addy