Entry Submitted by Veritas at 10:29 AM EST on November 14, 2016
LET'S GET THESE QUESTIONS OUT OF THE WAY BECAUSE THINGS ARE READY TO BREAK OUT NOW!
ANSWERS FOR 11/13/2016: THIS INFORMATION IS NOT REPRESENTED AS LEGAL OR FINANCIAL ADVICE BUT IS CONVERSATIONAL ONLY. BE CERTAIN TO GET LICENSED COUNSEL AS APPROPRIATE, I.E. DISCLAIMER. I OFFER MY THOUGHTS TO HELP SORT OUT THE MANY ASPECTS OF THE COMING GCR. MY COMMENTS ARE IN CAPS.
"DNA and a Trust Account" - Anonymous Guest Post
Entry Submitted Anonymously at 4:10 PM EST on November 13, 2016
Greetings and blessings to all! For anyone who can answer this - If the account(s) for the exchange are opened as trust accounts with trust EIN's that relate to trust indentures, can a claw back or a bank grab from the DNA happen?
Thank you in advance!
THIS IS AN EXCELLENT QUESTION TO COVER IN YOUR EXCHANGE MEETING. THERE IS MORE LAW WRITTEN ABOUT TRUSTS THAN ANY OTHER ENTITY IN THE UNITED STATES. TRUSTS ARE ALSO THE OLDEST FORM OF ENTITY TO DO BUSINESS EXISTING IN THE COUNTRY AS WELL. TO DEAL WITH THIS, YOU NEED TO BE PREPARED TO ASK THIS QUESTION WHEN YOU ARE AT YOUR EXCHANGE MEETING. IT IS THE ONLY PLACE TO GET AN ANWER. I BELIEVE IT WILL DEPEND ON HOW THE CLAW BACK IS DESCRIBED IN THE NDA IN COMBINATION WITH WHAT CONDITIONS ARE ALLOWED FOR ACCESS AS DESCRIBED IN THE TRUST DOCUMENT IF YOU ARE USING THE BANK'S PREPARED TRUST. RATHER THAN TRYING TO DECIPHER IT ON YOUR OWN, ASK THEM TO POINT OUT TO YOU IN BOTH DOCUMENTS WHERE THIS MATTER IS OUTLINED. IF YOU ASK, THEY MUST ANSWER, SO THE KEY IS GETTING YOUR QUESTIONS DOWN. I WOULD WRITE THEM DOWN BEFORE YOU GO. THIS IS A "FIRST TIME IN HISTORY" SITUATION, SO I CAN'T REALLY POINT YOU TO THE ASPECT OF LAW THAT WILL PROTECT. THIS MAY BE AN EXCEPTION. ASK THEM. YOU CAN ALSO ASK THEIR INTENT BEHIND A CERTAIN POINT. IF YOU DON'T HAVE AN ATTORNEY GOING WITH YOU, CLEARLY TELL THEM THAT YOU EXPECT THEM TO PROTECT YOU FROM ANY HARMFUL SITUATION THAT YOU MAY NOT KNOW TO ASK OR UNDERSTAND. LICENSED PROFESSIONALS ARE OBLIGATED TO ASSIST ETHICALLY. THAT INCLUDES BANK PERSONNEL BY NATURE OF THE BANK LICENSE, ABBOT DOWNING, WEALTH MANAGERS, ETC. ASK THEM IF YOU CAN CHANGE UNCOMFORTABLE WORDING AND IN WHAT WAY.
Entry Submitted by J at 10:05 AM EST on November 13, 2016
Your kindness and thoroughness is evident in answering important questions posed by thoughtful and attentive DC readers. Many thanks to you Veritas. YOU ARE MOST WELCOME.
Whether this is knowable at this point or not, my question is the following:
Does the bank keep the balance of the sovereign rate value, Zim for example, if we choose anything less? Similarly, if a claw back does occur, does the bank we enter into a contract with keep those funds? Do we in that case get our currencies back?
What underlies these questions for me is who is behind the evaluation of we the currency holders? Is it the Chinese Elders, in that, would the maximal value of redeemed currencies go back to the source if a clawback, or if a base rate with no NDA is chosen? Or, do the currencies get exchanged by the bank for a higher, maximal rate (e.g., 32k Zim) and the bank profits further?
My hope is that funds are not left with banks to just gobble-up if not utilized maximally by we the currency holders, and that they are either not used just for bank profit at all, and/or stay with the benevolent source, back in the pot for humanity per se.
I am assuming that there are exacting regulatory plans in place for these scenarios I describe, because it seems so counterintuitive and egregious to allow banks that degree of power, and opportunistic control.
No fear here. My question is based in my want for the best possible stewardship of these funds designated for humanity, as it relates to my responsibilities as a currency holder.
I hope my question is not redundant. I read almost everything everyday on DC and have not seen this question explored.
Thank You very much in advance,
BY FAR ONE OF THE BEST QUESTIONS YET, EXCEPT THAT IT IS SO MANY QUESTIONS IN ONE. I WELCOME INPUT FROM YOSEF, BUT I WILL DO MY BEST TO GIVE YOU SOME THOUGHTS IN THIS AREA. I HAVE SPENT MANY HOURS CONSIDERING THIS VERY POINT, SO I WILL SHARE WHAT HAS CROSSED MY MIND.
IT HELPS TREMENDOUSLY IF YOU HAVE AN ASSURANCE OF THE HIGH ETHICS OF THE GRANDFATHER AND THE ELDERS. WHY IS THE ENTIRE GCR HAPPENING? BECAUSE OF THEM. WHY HAVE THEY DONE IT? TO RID THE POWER OF THE CABAL FROM OUR SOCIETY. HOW LONG HAVE THEY BEEN WORKING TO CREATE THE INFRASTRUCTURE AND NEW SYSTEMS (NOT TO MENTION AN ENTIRE NEW BANKING SYSTEM WITH CLOUD SECURITY NO LESS)? WELL, FOREVER JUST ABOUT. SO, WOULD YOU REALLY SPEND DECADES PROTECTING MAJOR WORLD ASSETS TO PRESERVE THEM FOR THE FUTURE IN CASE OF A LEVEL OF CORRUPTION SUCH AS WE ARE CURRENTLY WEIGHED DOWN WITH ONLY TO RIP OFF THE INDIVIDUALS YOU ARE TRYING TO HELP WHEN THEY GET THEIR FUNDS STRUCTURE AT THE BANK? I DON'T THINK SO. JUST DOESN'T MAKE SENSE. THEY DON'T HAVE TO GIVE US THIS MONEY. THERE IS NO POSSIBLE MOTIVE TO RETURN IT TO THEMSELVES SINCE THAT IS WHERE IT STARTS FROM.
IT COMES DOWN TO DECIDING TO TRUST THE UNDERLYING MOTIVE. THINKING ABOUT IT BRINGS ABOUT A GREAT SENSE OF GRATITUDE WITHIN ME. I FIND THESE PEOPLE JUST UNBELIEVABLE IN THEIR DEDICATION AND ACCUTE SENSE OF RIGHT AND WRONG. IT CERTAINLY ISN'T A GUARANTEE THAT THEY WILL HAVE OUR BEST INTERESTS AT HEART, BUT--I WILL TAKE THEM OVER OUR OWN LEADERS WHO HAVE WORKED FOR DECADES TO UNDERMINE OUR BUSINESSES, OUR HEALTH AND OUR HOMES.
REALIZE THAT ONE OF THE BIGGEST CHANGES IS THE OWNERSHIP OF THESE MAJOR BANKS. WHILE THEY PROBABLY STILL CONTAIN SOME OF THE FLAVOR OF THE OLD CORRUPTION, YOU WILL PROBABLY FIND THAT THESE BANKS BEGIN TO REFLECT MORE OF THE CHARACTER OF THE NEW OWNERS, THE DRAGON FAMILY. YOU DID KNOW THAT THEY ARE THE ONES THAT SAVED OUR BANKS? THEY TOOK CARE OF THAT LITTLE RESERVE ISSUE WE HEARD SO MUCH ABOUT IN THE NEWS NOT LONG AGO. DIDN'T YOU WONDER WHAT HAPPENED? WE NEVER HEARD ABOUT IT AGAIN. WELL, THEY RESOLVED IT AND SAVED THE BANKS. NOT A SMALL STEP TO TAKE WITH OUR COUNTRY'S STABILITY IN MIND. CERTAINLY MORE EFFORT THAN OUR OWN FEDERAL RESERVE WHO WAS BUSY PASSING PROFIT ALONG TO THEIR WEALTHY FAMILY OWNERS.
I ALSO DOUBT THAT THE DRAGON FAMILY WOULD GO TO THIS MUCH TROUBLE TO MAKE EVERYTHING HAPPEN AND THEN WATCH AS BANKS SNATCH IT ALL BACK AWAY. NO, I CAN'T SEE THAT. RUNS CONTRARY TO ALL THEIR DECADES OF EFFORT TO PRESERVE IT.
I AM BETTING THAT THE PEOPLE INVOLVED WITH OUR EXCHANGES REPRESENT A NEW TYPE OF BANKING ASSISTANCE. OF COURSE, YOU SHOULD STILL ASK THE QUESTIONS THAT NEED TO BE ASKED. WHY NOT? COVER YOURSELF, BUT DO IT POLITELY.
AS FAR AS WHAT HAPPENS TO THE ADDITIONAL FUNDS IF YOU ACCEPT A LOWER RATE AND ANY FUNDS REGAINED THROUGH THE CLAW BACK, I CAN SPECULATE. I HAVE HEARD THAT THE BANK GETS TO KEEP THE EXCESS ON A LOWER RATE CALCULATION. I CAN ONLY ASSUME A CLAW BACK WOULD GO BACK TO THE BANK AS WELL. I DON'T KNOW FOR CERTAIN BUT I WILL MAKE A POINT TO ASK. THE AMOUNT YOU WILL HAVE COMPARED TO THE BANK SHOULD BE FAIRLY SIGNIFICANT. I FEEL OUR FOCUS SHOULD BE ON OUR OWN STEWARDSHIP COMPONENT, NOT SO MUCH ON THEIRS. DO THE MOST YOU CAN WITH YOUR SIDE. YOU WON'T BE ABLE TO CHANGE THE SITUATION WHILE AT AN EXCHANGE MEETING.
I LIKE YOUR THINKING AND PRIORITIES. THE PEOPLE WE ARE HELPING SHOULD COME FIRST. IN THAT CASE, LET ME MAKE A SUGGESTION. I BELIEVE THAT THE 80/20 RULE WILL APPLY TO OUR FUNDS, I.E., 80% REQUIRED TO GO TO PROJECTS, 20% PERSONAL. SO WHY NOT MAKE SUPERIOR USE OF THE 20% PERSONAL? YOU CAN TAKE SOME OF THOSE FUNDS AND GREATLY MULTIPLY THEM SO THAT YOU CAN ASSIST MORE PEOPLE AND RETAIN MORE CONTROL OVER YOUR PROJECTS. TAKE A MOMENT AFTER YOU HAVE FINALIZED YOUR NEGOTIATIONS ON EXCHANGE DAY TO SEE WHERE YOU ARE. THIS CAN BE ONE OF THE OPTIONS YOU CONSIDER THAT DAY.
REMEMBER, THESE FUNDS COME IN TAX FREE TO YOU. IF YOU TAKE A STRUCTURED SETTLEMENT, THERE WILL BE TAXES BECAUSE STRUCTURE IS BEING SUPPORTED BY RUNNING IT THROUGH TRADES. THE PROFIT OFF TRADES IS TAXABLE SO YOUR PAYMENTS COMING OUT WILL BE, TOO. ALSO, THOSE FUNDS THAT REPRESENT YOUR PERSONAL MONEY MAY BE TAX FREE BUT WATCH OUT WHAT YOU DO WITH THEM AND WHERE YOU TRANSFER THEM. IF YOU TRANSFER SUCH FUNDS TO YOUR BUSINESS, FOR INSTANCE, THE INCOME FROM THOSE FUNDS WILL BE TAXABLE. I HOPE THEY DO CHANGE THE TAX RATE HERE OR I WILL FOCUS OVERSEAS. I BELIEVE THEY WILL START TO MAKE VERY BENEFICIAL CHANGES IN THE NEAR FUTURE. ALSO, START GETTING EDUCATED ON STRUCTURE AND LEARN WHAT YOU CAN TRANSFER TO WITHOUT CREATING A TAX OBLIGATION. FOUNDATIONS PERHAPS OR A NON-PROFIT.
ANOTHER SUGGESTION. ONCE YOU'VE EXCHANGED AND MADE YOUR FINAL DECISION ON RATE, UTTERLY FORGET IT. FORGET ALL THE OTHER CHOICES YOU COULD HAVE MADE. FORGET ALL THE QUESTIONS. WALK OUT THAT DOOR AND SIMPLY GO FORWARD WITHOUT A SINGLE LOOK BACK. IT DOESN'T EVER PAY TO SECOND GUESS YOURSELF. YOU CAN DEAL WITH ANYTHING THAT HAPPENS FROM THEN ON FOR YOU WILL BE LIFTED UP BY DIVINE INSPIRATION. BE CONFIDENT IN THAT GREAT PARTNERSHIP, GOD AND YOU. UNBEATABLE.
HOPE THAT HELPS! KEEP UP THE GOOD THOUGHTS.
"Question for VERITAS" - Guest Post by Shelly
Entry Submitted by Shelly at 10:01 AM EST on November 13, 2016
ZIM International Rate
We've All heard that there will be an International Rate for the Dinar, Dong, and rest of the currencies revaluing.
What about the ZIM, will there be an International Rate for the Zimbabwe...? And if there is an International
Rate for the ZIM will you be required to sign an NDA..?
HI, SHELLY. WHEN WE FIRST STARTED ALL THIS NO ONE EVEN MENTIONED THE ZIM, REMEMBER? THAT HAS REALLY CHANGED. HERE IS WHAT HAPPENED. AS COUNTRIES FACED THIS WONDERFUL GCR OPPORTUNITY WHERE THEY WOULD BE REASSESSED FOR THEIR ASSET VALUE FOR THEIR CURRENCY, SOME FACED MAJOR INCREASES IN THE VALUE. ZIMBABWE WAS ONE BUT NO ONE HAD ANY IDEA HOW FAR THEY WOULD PULL AHEAD OF THE PACK. WHAT FIRST CAME OUT WAS THAT RARE EARTHS HAD BEEN DISCOVERED THERE. I SAW THE INITIAL GEOLOGICAL REPORTS. IT WAS AMAZING TO CONSIDER HAVING THE FIRST COMPETITOR TO CHINA FOR PROVIDING THESE MATERIALS. THIS WASN'T A SMALL CHANGE BUT A HUGE VALUE. IT BEGAN TO PULL AHEAD OF THE PACK.
NEXT, I SAW THE UNDERGROUND SURVEYS OF THE NEW ASSETS OF ZIMBABWE. IMPRESSIVE. THE SURVEYS WERE ABOUT TO CAUSE SOMETHING ELSE SIGNIFICANT. THEY TURNED UP THE SECOND LARGEST DIAMOND MINE IN THE WORLD. THIS PROPELLED ZIMBABWE THROUGH THE ROOF. AMAZINGLY, THERE IS A REASON BEHIND THE HIGH RATES THAT YOU SEE PROJECTED FOR THE ZIM.
THE FINAL ASPECT WAS THAT THE CURRENCY WAS ALREADY UNDONE. THE COUNTRY WAS LIMPING ALONG BY USING U.S. DOLLARS. THIS TURNED THEIR OLD CURRENCY INTO THE BEHAVIOR OF A BOND. BONDS ARE HANDLED MUCH DIFFERENTLY. THIS MADE THE ZIM THE HIGHEST RATE FOR ANY CURRENCY SCHEDULED FOR THE GCR/RV. I HAVE WATCHED AS THEY HAVE DONE THE SURVEYS AND IT CREATES THE VERY HIGH RATE THAT YOU SEE ON THE NET. THESE NEW CURRENCY REVALUATIONS ARE ALL BASED ON REAL ASSET VALUATIONS. ADD THIS TO THE FACT THAT IT IS A NEGOTIABLE BOND VALUE AND YOU HAVE A WINNER. I THINK MOST PEOPLE JUST DON'T REALIZE WHAT HAS HAPPENED WITH THESE NATURAL ASSETS IN ZIMBABWE. THE ZIM IS NOW THE HEART OF THE ENTIRE GCR HUMANITARIAN MOVEMENT.
"Question for Yosef & Veritas" - Guest Post by Light Ray
Entry Submitted by Light Ray at 11:20 AM EST on November 13, 2016
Profound Gratitude, Love, and Respect to both of you - Yosef and Veritas.
Veritas' Nov.13 article high-lighted concerns I have had, for quite a while,
about the NDA.
Sociologically, it is obvious that greedy unethical people are attracted
(like magnets) to the banking industry.
(The Ex-CEO of Wells Fargo being a shiny example).
And just because the Chinese elders are benevolent, that does not guarantee
that all the high-level banking officials will not be greedy and unethical.
That being the case,
let's say, I exchanged a VAST amount of ZIM at a Privately-Negotiable Rate,
and I signed an NDA.
And let's say I have been perfectly impeccable about honoring my NDA.
What is to stop some greedy banker from simply "declaring" that I have broken my NDA and then suddenly all my funds are gone?
What is to stop the bank from effortlessly stealing my funds?
I know, Yosef, you will simply dismiss this as "You are just coming from fear".
But I consider this a rational reasonable concern.
The more greedy and unethical a banker is, the more likely they are to
attain a high position in the bank.
What recourse do I have, if the bank simply "declares" that I have broken my NDA?
EXCELLENT POINT HERE. WE HAVE BEEN LIVING UNDER A TERRIBLE BURDEN INCLUDING CORRUPT BANKERS. SO HOW CAN YOU FACE THIS WITHOUT COMING FROM FEAR?
LET'S JUST CALMLY LOOK AT THE POSSIBILITY THAT PERHAPS YOU PERSONALLY FEEL IT CAN'T BE SAFE UNDER ANY CONDITIONS. IT WOULD MAKE SENSE THAT YOU LOOK AT SIMPLY TAKING A BASE RATE WHERE YOU HAVE NO NDA, MULTIPLY THE FUNDS ON YOUR OWN AND BE IN CHARGE YOURSELF. NOTHING WRONG WITH THAT. JUST A BIT OF LEARNING AND GUIDANCE NEEDED. NO ONE CAN GUARANTEE YOUR SAFETY. WE CAN SHARE OUR BELIEFS AND EXPERIENCES, BUT ULTIMATELY YOU NEED TO MAKE THIS DECISION YOURSELF BASED ON WHAT YOU FEEL WORKS FOR YOU. SO YOUR FOCUSS WOULD TURN FROM FEAR TO LEARNING HOW TO MULTIPLY YOUR OWN MONEY, RIGHT? THAT IS A PRODUCTIVE SKILL SET TO HAVE REGARDLESS OF THE CIRCUMSTANCE. IT IS RISKY TO SIMPLY TRUST THE SITUATION. HOWEVER, I DO UNDERSTAND GOING FOR THE HIGHER RATES IF YOU FEEL CONFIDENT IN YOUR ABILITY TO LOOK AT AND DISCUSS ALL THESE AREAS WITH YOUR BANKER. THERE IS NO RIGHT OPTION, SIMPLY SELECTING WHAT WORKS WITH YOUR EXPERIENCE AND TEMPERAMENT. A LOT OF MY ASSOCIATES ARE GOING FOR BASE RATE. THERE IS NO "CORRECT" RATE EXCEPT THE ONE YOU WALK OUT OF THE BANK WITH. FROM THAT MOMENT ON, LET GO WONDERING IF YOU DID THE RIGHT THING. TAKE THAT CIRCUMSTANCE AND GO DEAL WITH IT. IF YOU NEED TO INCREASE YOUR FUNDS, GO DO IT. IF YOU HAVE CONTRACTUAL OBLIGATIONS, BE CLEAR ABOUT THEM AND GET GOING.
IT IS ONLY REASONABLE TO REALIZE THAT THE VERY HIGH RATES WILL INVOLVE MORE RED TAPE. DON'T BE NAIVE HERE. IT IS NOT FOR EVERYONE JUST BECAUSE IT IS BIG. PRAY ABOUT THE RIGHT PATH FOR YOU AND THEN STEP FORWARD AND PROCEED WITHOUT EMBARASSMENT.
Also, Yosef justifies giving us the latest maximum privately-negotiable rate for the ZIM,
with the rationalization, that we are then in a more knowledgeable bargaining position, if we know the RANGE of funds. (...and THANK YOU, Yosef, for these updates...)
But, we don't know the RANGE, if you only discuss that top-end of the range.
Does anyone know?
What is the bottom-end of the range for the ZIM?
What is the International Rate or Market Rate for the ZIM?
We need to know both ends of the range, in order to negotiate intelligibly.
ACTUALLY THERE IS ANOTHER WAY. WHEN YOU ARE AT YOUR EXCHANGE MEETING AND THE BANKER TELLS YOU A RATE, ASK THEM IF THAT IS THE HIGHEST RATE THEY CAN OFFER OR ASK THEM TO SHOW YOU THE SCREEN ITSELF. IT WILL SHOW THE FULL BASE RATE. EXPECT THEM TO BE OFFERING A LOWER RATE AND USE THE SCREEN TO HELP YOU JUDGE THAT AT THE TIME. THEN IF YOU CHOOSE TO DISCUSS THE PRIVATE, HIGHER RATE, YOU WILL KNOW WHERE YOU STAND AT THAT MOMENT IN TIME. CONTRACT RATE FALLS JUST ABOVE BASE RATE BUT WILL INVOLVE AN NDA.
AGAIN, BE SMART WITH YOUR PERSONAL SIDE. DON'T SPEND IT ALL, INCREASE IT AND COVER YOURSELF FROM CONTINGENCIES.
Thank you dear Yosef and Veritas for responding to these 2 concerns.
You are both so DEEPLY LOVED by myself and by SO MANY thousands of others.
IF YOU ONLY KNEW THE LOVE COMING YOUR WAY. IT IS THE LOVE OF ALL OF YOU THAT DRIVES BOTH OF US, I BELIEVE. YOU ARE WELCOME.
"Question for Veritas: Base Rate" - Anonymous Guest Post
Entry Submitted Anonymously at 1:51 PM EST on November 13, 2016
Thank you for you taking your time to answer question for all of us.. It is very much appreciated!
Do you have any idea what the "base rate" might be?
YES. THE BEST THING IS TO FORCE THE BANK TO DISCLOSE THIS TO YOU BY LOOKING AT THEIR SCREEN. THAT WILL BE THE REALITY YOU ARE DEALING WITH. NEGOTIATE THE FEES. HAVE THEM EXPLAIN ANY REDUCTION AND THEN ASK FOR A CHANGE IF YOU FEEL IT IS APPROPRIATE. THE BANK IS YOUR PARTNER. TREAT THEM AS SUCH. WOULDN'T YOU ASK YOUR BUSINESS PARTNER QUESTIONS? SAME APPLIES HERE.
MAY WE ALL DWELL IN LIGHT,
Copyright 2016 All rights reserved VERITAS WITTICIMS LLC