Board of Governors of World Bank and IMF announce transition to asset-backed currencies
[PRESSWIRE] Washington
DC, United States - 09 March 2015 - The Board of Governors of the World
Bank and IMF announced that fractional reserve fiat currencies will be
replaced with gold from a trust created at the end of World War II.
Jose
Rizal, Superior General of the Society of Jesus, and his lawyer,
Ferdinand Marcos, established this trust for the benefit of humanity.
The trust also contains other precious metals, gems, and artwork.
The
Federal Reserve and the US Treasury do not possess the monetary gold
reserves of the United States; these reserves are in the trust
administered for the benefit of humanity by the Bretton Woods
institutions. Instead, the Federal Reserve owes quadrillions in compound interest on obligations issued during the 1930s.
The
Board of Governors has filed Financing Statements with the Secretaries
of State in the 12 states where the Federal Reserve Banks are located to
secure this debt. National debts are going to be offset against the
indebtedness of the Federal Reserve.
Antal Fekete, a monetary expert of the New Austrian School of Economics, said: "A negative gold basis tells you that there is an excruciating shortage of deliverable gold."
The
Board of Governors determined that the fractional reserve fiat
currency of each country is going to be exchanged for their national
currency in aurum (http://www.peakprosperity.com/podcast/84359/new-way-hold-gold).
Treasuries will issue gold certificates on an interim basis. The
certificates will be replaced with aurum as they are minted.
With
restored confidence in international currencies, peace and prosperity
will be preserved. Legal tender laws will go out of effect, and local
currencies will be permitted. Countries may also issue asset-backed
currency with other commodities than gold.
The
Bretton Woods institutions held the trust secret for 50 years so that
the assets were clear and free for humanity as a whole under the statute
of limitations.
The
50 years of sequestration ended in 2005. A coalition for the rule of
law has come into existence to end the secrecy and to safeguard
humanity's patrimony. This coalition was predicted by an accurate power
transition model developed for the US Department of Defense by Jacek
Kugler (https://s3.amazonaws.com/khudes/sentia+model.pdf).
The
fractional reserve fiat currencies of the central bank members of the
Bank for International Settlements will continue to circulate until they
are exchanged with aurum.
Karen
Hudes, the Acting General Counsel of the International Bank for
Reconstruction and Development, is legal counsel to the trust.
Contact:
Karen Hudes
karenhudes at hotmail dot com
Phone: ＋1 202 316 0684
ENDS
