I wish to wander off the reservation and raise a few questions; please excuse my bluntness.
A BOND has a publicly stated commercial value based on its face amount. When you buy or sell a bond you do so in its entirety.
The Zim is a BOND backed by gold, yet we have not been quoted its actual 24kt gold value. When did the conversation get switched from gold to paper and why does it matter?
Before we “exchange” a very valuable gold bond for a piece of paper or possibly plastic should we not know what the bond is actually worth?
In my opinion the question we should be asking is, How many troy ounces of gold backs each ZIM? What is a ZIM worth? Read on and please consider:
One gram of 24 Karat gold costs Z$ 384.
There are 28.4 (+/-) grams in one ounce(XAU).
One troy ounce (XAU) of 24 karat gold is equal to ONE ZIM - Z$ 382,615.30
The value of Zim, whether still in the ground or already mined, represents not just a term for a precious metal, but for the backbreaking, painstaking, and dangerous work the miners have done and still do to obtain it. If we take less than its true worth we devalue the miners and their contribution to the entire world. One can recognize why the African continent has fallen into the abyss of poverty and the same one we are headed for if we don’t pay attention. We must insist upon having the full value of the ZIM.
It is clear that the Bank will not be turning the bonds over to Zimbabwe and the proof being is that your interest would stop if the Bonds were retired. The bank cannot charge interest for an asset for which it has no longer physical custody. So, the bank has reduced the price and intends to repay you over time. What happens to the people of Zimbabwe if it can never retire these bonds and has no idea where they are? Those people will continue to labor for the financial benefit of the Banks just like we will if we do not sell and receive the bond’s full value and demand they be retired in our presence.
We have heard quoted an absurd current rate of $60,000 USN per Zim floating around. Did they drop a penny to see if it will float?
The variety of exchange rates are based on CURRENCY to divert your attention to the full value of the BOND. In fact, we have been quoted three rates, “low”, “medium”, and “high” yet two of those higher amounts are offered as “prize” in the form of “hush money” for signing some sort of NDA. It could also be called a bribe to keep quiet the real value of a bait and switch swindle. Your signature on the NDA makes you complicit to the fraud against humanity.
I know this sounds blunt, but those of us with Zim have been afforded a special mission from GOD to bring humanity back to its senses from the bottom up. That, in my opinion begins with honoring the true value the people of Zimbabwe have placed on their own labor attaching to the gold ore.
It also seems to me that as soon as you place your bonds on the table, a subtle exchange has already taken place - if you relinquish your bond, you relinquish your position in the transaction, and those bonds are then “in the wind”.
How many times have we heard “Them who has the gold makes the rules"? One suit will grab those bonds and start counting. Then another will demand the signed NDA and then a third will quote a price, and “promise” a payout extending over decades. If the bank can promise a payout extending over decades, it can only mean two things: 1) The bond was worth more at the exchange than the amount the Bank quoted at that time, and 2) the Bank intends to kept physical possession of the bond in order to keep raking in the money that you intended to give to humanity by keeping you occupied with relatively minuscule interest paid out over years or probably decades. We agreed to clean up the planet NOW not in one hundred years or even ten years! When was the last time you dictated the terms of a loan you needed to a bank?
Eventually the Bank through Abbott Downing , or some other will tell you what you can or cannot do with “your share” including humanitarian projects.
Another possibility I see with the “exchange" is falling back into the trap of having banks getting too big for their britches. Within a decade they will be back in the catbird's seat. They will be able to put the break on all humanitarian efforts any old time they wish by claiming the “bottom has fallen out of the bond market” or some other such nonsense.
Consider what is actually being offered:
A fraction of the total value a ZIM.
A fraction of the amount to be paid out up front.
A fraction of the total amount to be paid in its “structured” payout.
Charging for the exchange itself, and
Charging transaction fees to your account for
buying and selling the bonds thus making money off the same investments over and over. Sounds like a repeat of the Mortgage fraud anew.
The banks will continue to “loan” money at high interest rates using your bonds are the collateral.
What happens if you refuse the NDA? You will be punished with less Zim but the bank will still possess the whole gold bond.
There needs to be some United States Treasury bank official to come forward and explain what happens to the bond after it leaves our hands.
I wish to add that I have no problem with the bank making a fair transaction fee, but if the bank is buying both the bond and permanent control of the bond, the miners, and us to make money for the bank then I think we need to maintain control of our bonds until we can make an honest transparent arrangement. Banks need to get out of the business of making money, and they need to get out of the people’s way.
Why can’t we reinstitute United States Post Office savings accounts?
Why not buy United States Savings bonds?
Thanks for reading from
(quoted 11/24 Z$ 404,049.74)
(quoted 11/28 Z$ 384,064.10)