Before we begin we must identify what a debt security actually is . The debt security is often referred to as debt instruments. According to mainstream academia a debt instrument is a paper or electronic *obligation* that enables the issuing party to raise funds by *promising* to repay [allegedly repay] a lender [purported lender] in accordance with terms of a contract.
Now we have established a debt instrument is a *promissory obligation* which is a *contractual obligation* we can now ask ourselves do banks create or issue a debt security, or any further representation or misrepresentation of a debt security such as a treasury bond, by asking one simple question that relates to the *Contract Essentials* (contract law), which can either validate or invalidate a contract that may or may not precipitate a debt to the bank or mere publisher of money (central bank) .
QUESTION: What consideration of…
View original post 1,282 more words