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Friday, June 15, 2018

"Gold as Currency" by Ron Giles - 4.8.18

Entry Submitted by Ron Giles at 11:48 PM EDT on April 8, 2018

Re-posted by request. ~ Dinar Chronicles

Pegging the value of world currencies to the value of Gold is pure genius. The old Fiat Cabal system is pure insanity ………… unless your intent is to destroy countries and people’s lives, then it serves that evil purpose very well.

Recently there have been a number of worthwhile posts on the histories of money that are factual. Gold backed currencies as money, is a new financial system used to destroy the fiat system of money. Simply put, would you rather hold Gold backed currencies or Cabal Fiat currencies. Watch what happens to the USD or Petrodollar. Let’s now explore the reason why all Gold Backed currencies will accomplish this destruction and stabilize all national currencies for international trade as well as a country’s economy.

Let’s say, if everybody believed in the worldwide value of widgets, then even widgets could be used to back a currency. It doesn’t need to be Gold.

It does, however, need to be a commodity that enjoys worldwide acceptance as value. And it must have access to the same security measures to avoid counterfeiting and other criminal activities that would erode or destroy its perceived value. That is why Fiat currency should be considered, criminal counterfeiting.

So the real question is this: what worldwide commodity can be used to back all currencies, that can create par value for each currency in each country, and have it acceptable for international trade? If left up to the greater number of the worldwide citizenry, it would be GOLD.

Gold has a very long history that established this commodity as value for the exchange of goods and services. However, yes, it has universally perceived value, but it is physically unfeasible for international trade due to its necessity for boatloads of Gold required for international payments for trade. It is too bulky in large quantities. So the idea of fixing a computerized digital Gold certificate, for each portion of money, and tagging it along with each transfer, has become the latest and best way to use currency for exchange.

But what about the fluctuation in the price of gold, you might ask? Answer: so what??? If each currency is on par value with all other currencies then Gold could go up to $10,000 an ounce and all currencies would still remain on par value. Conversely, if the price of Gold went down to $30 an ounce, all currencies would still have the same par value between each other.

However, the real price of Gold would need to cover the cost of exploration and mining of gold and would need to include bringing it to a secure marketable form. Gold Backed currencies could be used to purchase Gold between countries, as currencies values would need to, at least equal, the real price of the Gold.

The London Bullion Market Association (LBMA) is an association tasked with ensuring the reliability of bringing pure Gold to the international market place that is stamped LBMA Certified Pure Gold. The association covers market players, refiners, assayers, transporters and mining operations. This association was needed to avoid deceitful criminal players and is used to establish a marketplace that is secure and free from manipulation by unsavory characters. Any new Gold would go through the scrutiny of the LBMA process and could then be monetized to add additional Gold Backed money in a country’s economy, both digitally as well as paper notes.

Bonds used for Commercial Obligations.

To raise money, each Nation, State, County, or City, may sell Bonds between countries, corporations, or natural persons, on the Bond Market. There are Bond agencies that meticulously value these entities using many factors, the criteria of which establishes the value of the bonds issued for sale. One of the criteria for a Nation’s Bond value is the in-ground assets that have been certified to exist. Assets other than Gold could be mined and brought to market at going prices without the need to be monetized into the economy.

A bond is used to legally secure the performance of a contractual agreement. When a bond is issued, there is a contract of value that is placed on the Bond at the time it is created. The assets of the Nation, State, County, or City is pledged or used to back or guarantee the Bond. A Bond may additionally be used as a bonds to secure the performance of elected officials, law enforcement officers, or the legal officers of the Court who take Oaths of Office in pursuits of their official duties. These are called performance Bonds and are sold by Bond Companies. If a Bonded person causes harm or engages in criminal activity that causes financial harm, a Bond Company is required to pay the damages. All Public Officers are Bonded. If you want satisfaction make a claim at the Bond Company.

This is a very simplified version of the Bond market place and the use of Bonds in general. To fully understand the Zim Bonds we hold, and the rights you have as the Bond holder, it is wise to research Bonds and their use. There are many Google sources to research as well as Wikipedia. A wise Zim Bond holder, knowing their rights will be less likely to allow fake information to give guidance to their redemption process.

NOTE: it is interesting that a number of US Senators have visited Zimbabwe this past week in light of the pledge of in-ground assets to Gold back the currencies of the world by Zimbabwe and China. The Senators were there to see what progress if any, should be considered before the lifting of US sanctions. Could it be the sanctions were previously made due to the dishonoring of Bond contracts by the previous Cabal Mugabe Government. I don’t know, but maybe.

I hope this gives a better feel of the value and need for the GCR.

Love and Light to all.
Ron Giles

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