Thoughts from DJ, Santa Surfing and PIR Monday 8-17-2020
DJ: DID YOU KNOW?
When considering the actual mechanics involved in pulling off a global currency revaluation, of not just a basket of currencies but all internationally recognized currencies, one has to consider the mechanisms currently in place to support the endeavor.
Like it or not, the Federal Reserve and the global banking system is one of those mechanisms. Funds will have to pass through a bank of some sort to be useable. Funds of this magnitude will have to pass through the current functionality of the Central Banks.
The legal framework for institutions offering payment services is complex. There are rules for large-value payments that are distinct from retail payments. Large-value funds transfer systems differ from retail electronic funds transfer (EFT) systems, which generally handle a large volume of low-value payments including the automated clearing house (ACH) and debit and credit card transactions at the point of sale.
The ACH (Automated Clearing House) system is a nationwide network through which depository institutions (Banks) send each other batches of electronic credit and debit transfers. The direct deposit of payroll, social security benefits, and tax refunds are typical examples of ACH credit transfers. The direct debiting of mortgages and utility bills are typical examples of ACH debit transfers.
While the ACH network was originally used to process mostly recurring payments, the network today is being used extensively to process one-time debit transfers, such as converted check payments and payments made over the telephone and internet.
The Reserve Banks and the Electronic Payments Network (EPN) are the two national ACH operators. As an ACH operator, the Reserve Banks receive files of ACH payments from originating depository financial institutions (banks), edits and sorts the payments, deliver the payments to the receiving depository financial institutions, and settle the payments by crediting and debiting the depository financial institutions settlement accounts.
The Reserve Banks and the EPN rely on each other to process inter-operator ACH payments. These are payments in which the originating depository financial institution and the receiving depository financial institution are served by different operators. These inter-operator payments are settled by the Reserve Banks.
The Clearing House Interbank Payments System (CHIPS) is the primary clearing house in the U.S. for large banking transactions. As of 2015, CHIPS settles over 250,000 of trades per day, valued in excess of $1.5 trillion in both domestic and cross-border transactions. CHIPS and the Fedwire funds service used by the Federal Reserve Bank combine to constitute the primary network in the U.S. for both domestic and foreign large transactions denominated in U.S. dollars.
The Clearing House Interbank Payments System (CHIPS) allows large interbank transactions in the U.S. to clear. CHIPS is the main clearing house for large transactions; the average transaction that uses CHIPS is over $3,000,000.
CHIPS is slower but less expensive than the other major interbank clearing house known as Fedwire, making it more amenable to larger transactions that can take longer to clear.
CHIPS works by netting debits and credits across transactions, providing both clearing and settlement services to its customer banks.
CHIPS acts as a netting engine, where payments between parties are netted against each other instead of the full dollar value of both trades being sent. From 9 a.m. to 5 p.m. ET. , banks send and receive payments. During that time, CHIPS nets and releases payments. From 5 p.m. until 5:15 p.m. The CHIPS system eliminates credit limits, and releases and nets unresolved payments. By 5:15 p.m. CHIPS releases any remaining payments and sends payment orders to banks via Fedwire.
There are two steps to processing funds transfers: clearing and settlement. Clearing is the transfer and confirmation of information between the payer (sending financial institution) and payee (receiving financial institution).
Settlement is the actual transfer of funds between the payer's financial institution and the payee's financial institution. Settlement discharges the obligation of the payer financial institution to the payee financial institution with respect to the payment order. Final settlement is irrevocable and unconditional. The finality of the payment is determined by that system's rules and applicable law
In general, payment messages may be credit transfers or debit transfers. Most large-value funds transfer systems are credit transfer systems in which both payment messages and funds move from the payer financial institution to the payee financial institution.
An institution transmits a payment order (a message that requests the transfer of funds to the payee) to initiate a funds transfer. Typically, large-value payment system operating procedures include identification, reconciliation, and confirmation procedures necessary to process the payment orders. In some systems, financial institutions may contract with one or more third parties to help perform clearing and settlement activities.
The reason for the above explanation and information is because it is imperative to understand how funds actually move from bank to bank and the logistics of what is involved when considering the movement of funds for the GCR/RV.
Discussions and narratives of the dismantling of the FED is inaccurate at this time. The components and functionality of the FED system are in play now and will be for the foreseeable future.
It is the enhancements to the system via Block-Chain Tec, DLT (Data Ledger Technology) and Quantum Mechanics (QFS) that will make the difference in how much funds can move and the speed in which they can “clear” and “settle”.
There are restrictions and limitations globally between the reserve banks of countries as to how much currency can land in their respective treasury per day, per transaction.
For us to see a GCR, those limitations and restrictions will have to be modified to accommodate the enhanced speed, messaging and volume of fund movement. But we will not see the dismantling of these fund delivery mechanisms or any other relevant financial functions for some time and it will be so gradual it will go largely unnoticed by the general public.
Below is the most recent change in the FED- June, 2020 and is extremely minor. (It basically only extends the times during the day funds can transact)
Docket No. OP-1692 Modifications to the Federal Reserve Banks’ National Settlement Service and Fedwire® Funds Service to Support Enhancements to the Same-Day ACH Service and Corresponding Changes to the Federal Reserve Policy on Payment System Risk.
DJ
Santa Surfing Beach Broadcast
Keep our eyes on the Goal! Emohwen Setatspeed on Google Earth! Patriots in Control of Google!
Aug. 17, 2020
In the spirit of College Football season, we need to keep our eyes on the Goal! With John Durham's investigations surfacing to begin with Kevin Clinesmith guilty plea, that is the beginning of the PUBLIC news that is about to surface!
President Trump should get a Nobel Peace Prize for all of his peace agreements with many nations! The most recent Peace Agreement is with Israel and United Arab Emirates. That was an incredibly huge peace agreement and that was also a huge signal for Q Anons that "it's a wrap" or "all the bad guys are down". But the biggest news to become public is about ObamaGate. That is a big octopus bomb that will reveal more than one can imagine.
EMOHWEN SETASPEED GARDENS
Let's check out Guantanamo Detention Facility on Google Maps!
EMOHWEN SETATSPEED - Sounds like a foreign language....oh it's foreign all right!
EMOH WEN SETATS PEED - spell it back wards
DEEP STATES NEW HOME
Read Transcript here: https://beachbroadcast.com/whats-happening/f/keep-our-eyes-on-the-goal-emohwen-setatspeed-on-google-earth
Patriot Intel Report
PIR 08 Q 20
Congress went on vacation last week here in the US without doing a stimulus bill for the people.
Well Nancy Pelosi has called everybody back to deal with funding for the postal service ect…..maybe they will be forced to do something for the people and not just for the postal service.