💢 Very interesting conversation in GLL Chat with Liberty Loungers Extraordinaire
💥 Keen observations. Let's consider them as data points and watch what unfolds. Observe but don't absorb. 💥🙂 7.25.24
💢 Gezelle: We have US Marshals at DC and that strange object on the white house live cam, maybe the gallows. Let's hope we are at the past in the movie when they arrested all of Congress and executed them at the Gallows. We have heard it already happened, but now waiting for it to be public🙏🙏🙏🙏.
💢 Elizabeth: If I'm not mistaken, there's also an Iraqi delegation in Washington today that has to do with security talks. With all the other stuff going on this has been obscured mostly. Think about it, friends. Very, very important that they get this part right and yet the chaos is huge. Does anybody besides me see this? 🧐🤨
A straightforward explanation of how gold-backed currencies and bonds differ and how they will be transacted in the Global Currency Reset (GCR)
In This Article
General Definitions and Functions of Currencies and Bonds
Key Differences Between Bearer Bonds and Registered Bonds
How Transactions Will Work in the GCR
The Global Currency Reset (GCR) represents a significant shift. This reset involves the revaluation of currencies and bonds backed by gold. Understanding the distinctions between gold-backed currencies and bonds, particularly in the context of the GCR can be helpful in the broader landscape of things.
This article aims to provide a clear and simple explanation of these differences, including the unique characteristics of Bearer Bonds and Registered Bonds, and how transactions will be handled.
General Definitions and Functions of Currencies and Bonds
Currencies are are considered legal tender issued by a country’s central bank or government, with their value tied to a specific weight of gold.
These currencies act as a medium of exchange, facilitating everyday transactions.
Bonds are financial instruments representing a loan made by a person or entity to a borrower, which can be a government, municipality, or entity.
Bonds are used to raise capital and provide periodic interest payments to bondholders. Unlike currencies, bonds return the principal amount at maturity.
Key Differences Between Bearer Bonds and Registered Bonds
To the best of my knowledge, all GCR bonds are Perpetual Bearer Bonds, which have distinct characteristics compared to Registered Bonds:
Bearer Bonds: Bearer Bonds are unregistered, meaning ownership is transferred by simply delivering the physical bond certificate. They offer anonymity to the bondholder but carry a higher risk of theft or loss since possession equates to ownership. Perpetual bonds do not have specified maturity dates.
However, to the best of my knowledge, all GCR bonds do require adequate provenance (history of ownership) that show that the bonds were not implicated in any criminal activity.
Registered Bonds: Registered Bonds are recorded in the name of the bondholder. Ownership is transferred through a formal registration process. They provide greater security against theft or loss but do not offer the same level of anonymity.
Key Differences Between Gold-backed Currencies and Bonds
While both currencies and bonds will be linked to various weights of gold in the GCR, their purposes, issuers, and returns, differ significantly:
Purpose: Currencies are used for everyday transactions, whereas bonds are investment vehicles that appreciate over time.
Issuer: Currencies are issued by governments or central banks. Bonds can be issued by governments, municipalities, and other entities.
Return: Currencies do not provide a return in the form of interest unless held in interest-bearing accounts. Bonds, however, generally provide interest income over time.
How Transactions Will Work in the GCR
In the GCR, gold-backed currencies will be exchanged similarly to traditional currencies, only there will likely be a digital (blockchain) component and/or process involved. [More on the decentralized ledger and payment system in future articles.]
Conversely, bonds will be redeemed rather than exchanged. This means bondholders will receive appreciated rates and the principal amount at maturity, rather than using bonds for everyday transactions.
In the case of ZIM perpetual bonds, the principle value will come from its gold-backed component along with accrued, underlying interest appreciation. No one really knows what that appreciation factor is.
Since most GCR bonds are Perpetual Bearer Bonds, the transaction process involves the physical delivery of the notes to transfer ownership at the time of transaction.
DISCLAIMER: This article is for educational and entertainment purposes only and does not constitute financial advice. I am not a certified financial or investment advisor. Always seek professional guidance before making financial decisions.
FRANK26: "BELIEVE IT OR NOT... THEY ARE ON SCHEDULE FOR THE MONETARY REFORM."......F26
Rafidain announces the implementation of the comprehensive system at the bank’s outlet at Baghdad Airport
7/24/2024
Rafidain Bank announced the implementation of the comprehensive banking system at the bank’s outlet at Baghdad International Airport and the Ur branch in Dhi Qar, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the branches of the border outlets (Zurbatiyah - Safwan - Arar - Trebil).
The bank pointed out in a statement received by {Al Furat News} a copy of it that "the number of effective and completed branches of the system has become (35) branches, in an important step to strengthen the banking system and achieve its requirements and leave paper work and move completely to electronic systems."
He stressed that "the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the set timetables to include all bank branches in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions."
🇺🇸💥🇺🇸. The fiat dollar has been used as the reserved currency around the world. This has kept the local countries’ currencies at a lower value.
💥💥💥. As they use their own currencies for trade and using a digital process, their value in their currencies will increase. 💥💥💥.
Regulations on digital assets will minimize illegal activities and manipulation on value of currencies!
💥💥💥 Institutions and banks have approval to use XRP because it is the bridge between countries.
💥💥💥 XRP moves paper currencies through the QFS, connected to banks in a digital format and are backed with assets and gold, silver, etc.
In order for currencies to move and use their values, it must be digital……XRP!
💥💥💥 Judge Torres gave the ruling today to move currency, digitally, for cross borders. That means U.S. banks can exchange different currencies using the digital process.
💥💥💥 Very exciting! Understand the magnitude of this affecting the currencies we hold for exchange and the future of cross border payments! 🇺🇸💥🇺🇸👇👇👇