Awake-In-3D :Understanding SOFR: The New Benchmark for Global Credit Markets

Understanding SOFR: The New Benchmark for Global Credit Markets

On June 13, 2023 By  Awake-In-3D

Is the transition to the SOFR interest rate benchmark going to push the proverbial button on the RV/GCR? It seems that nearly every event in the financial economy these days is labeled as a “the trigger” for Our GCR. This is simply not the case. My regular readers know my position on Our GCR release being the collapse of the current Fiat Currency System. Consequently, I view volatile economic and financial events as falling dominoes in the inevitable fiat debt system implosion. As the financial industry rushes to meet the June 30th (2023) transition deadline from LIBOR to SOFR-based interest rates, it may further increase default risks for banks but it is not a GCR trigger event.

So let’s become factually familiar with SOFR and what may lie ahead for the current financial system landscape.

Introduction

The global credit markets are undergoing a major shift as the industry moves away from the London Interbank Offered Rate (LIBOR), the benchmark for interest rates for decades. The replacement for LIBOR is the Secured Overnight Financing Rate (SOFR), a benchmark that was introduced by the Federal Reserve Bank of New York in 2018.

What is SOFR?

SOFR is an interest rate benchmark that is calculated based on transactions in the U.S. Treasury repurchase market. The rate is derived from the cost of borrowing cash overnight, collateralized by U.S. Treasury securities. It is a risk-free rate that reflects the cost of overnight borrowing in the U.S. Treasury market. SOFR is calculated and published daily by the Federal Reserve Bank of New York, and it is intended to replace LIBOR as the primary benchmark for short-term interest rates.

Why is SOFR Important?

LIBOR has been the primary benchmark for interest rates for decades, but the rate has been plagued with issues. The benchmark has been subject to manipulation, and the market that underpins it has dwindled, making it increasingly difficult to calculate. In addition, the Financial Stability Oversight Council (FSOC) in the United States has raised concerns about the potential systemic risk posed by LIBOR’s discontinuation. These concerns prompted the industry to explore alternative benchmarks, and SOFR emerged as the leading candidate.

SOFR is a more reliable and transparent benchmark than LIBOR. It is based on actual transactions in the U.S. Treasury repo market, which is a much larger and more liquid market than the interbank market that underpins LIBOR. SOFR is also less susceptible to manipulation since it is based on observable market prices rather than estimates submitted by banks. As a result, SOFR is expected to be a more accurate reflection of the underlying cost of borrowing.

The Impact of SOFR on the Global Credit Markets

The transition from LIBOR to SOFR is expected to have a significant impact on the global credit markets. The shift will affect a wide range of financial products, including bonds, loans, and derivatives. The transition is expected to be particularly challenging for legacy contracts that reference LIBOR and do not have fallback provisions. These contracts will need to be amended to include fallback language that specifies an alternative benchmark if LIBOR is discontinued.

The shift to SOFR is also expected to require changes to the infrastructure that supports the credit markets. Market participants will need to modify their systems and processes to accommodate SOFR, and new products and services will need to be developed to support the new benchmark. The industry is already working on developing new products and services that are based on SOFR, including SOFR-based futures and options and SOFR-linked bonds.

The Impact of SOFR on Borrowers and Lenders

The shift to SOFR is expected to have an impact on both borrowers and lenders. Borrowers may see changes in the pricing of their loans, as SOFR is generally expected to be lower than LIBOR. This could result in lower borrowing costs for some borrowers, particularly those with floating rate debt. However, borrowers may also face increased costs associated with amending legacy contracts to include fallback provisions.

Lenders, on the other hand, may see changes in their funding costs. Since SOFR is a risk-free rate, lenders may need to adjust their pricing to reflect the lower risk associated with SOFR-based loans. Lenders may also face increased costs associated with modifying their systems and processes to accommodate SOFR.

The Transition to SOFR

The transition from LIBOR to SOFR is a complicated process that requires significant coordination among market participants. The Alternative Reference Rates Committee (ARRC) in the United States has been leading the effort to transition to SOFR, and it has developed a set of recommended best practices for market participants to follow.

One of the key challenges of the transition is the need to amend legacy contracts that reference LIBOR. The ARRC has recommended that market participants include fallback language in these contracts that specifies an alternative benchmark when LIBOR is discontinued.

Another challenge of the transition is the need to modify the infrastructure that supports the credit markets. Market participants will need to modify their systems and processes to accommodate SOFR, and new products and services will need to be developed to support the new benchmark.

SOFR May Place Increased Stress on Already Stressed Banks

The switch from LIBOR to SOFR as the new benchmark rate has raised concerns about the potential negative impact on bank balance sheets during times of financial stress. The effective demise of the tainted London Interbank Offered Rate (LIBOR) this month and the switch to the risk-free Secured Overnight Funding Rate (SOFR) has renewed concerns about the impact of the new measure on banks.

The transition to SOFR has been well-telegraphed for years and US banks are mostly prepared for the new rate regime. However, LIBOR’s permanent shutdown on June 30 comes on the heels of a destabilizing outflow of deposits at the nation’s mid-tier banks.

While US banks are mostly prepared for the new rate regime, the effective demise of LIBOR and recent outflow of deposits at mid-tier banks has heightened concerns about the transition. One main concern is that SOFR has no credit component and tends to fall during financial crises, which could hurt banks’ balance sheets and constrain lending to the broader economy.

This was highlighted by the New York Fed in a study released in December 2022. “Banks are going to be more exposed with SOFR lines of revolving credit because borrowers, in a crisis, will be able to borrow at a very low rate (when SOFR rates goes down),” said Darrell Duffie, professor of finance at the Stanford Graduate School of Business and a co-author of the New York Fed study. “When corporations borrow under revolving lines of credit at a low rate during a crisis, the banks will have to fund those borrowings at a time when bank funding costs are going way up,” he added.

In 2019, several regional banks sent a letter to US regulators, warning that the transition to SOFR could adversely affect loan extension. The assumption was that if SOFR falls, commercial borrowers would tend to hoard liquidity by drawing on their lines of credit. Revolving lines of credit make up the largest share of bank lending to corporations at 59%, Duffie said.

The New York Fed study concluded that the transition to SOFR may have implications for bank funding costs and balance sheets, especially in times of stress. “While SOFR is a more robust and transparent rate than LIBOR, it may be more sensitive to changes in market conditions,” the report said.

Despite these concerns, some analysts argue that the benefits of switching to SOFR outweigh the risks. SOFR is considered a more reliable benchmark rate than LIBOR, which was tainted by manipulation scandals. The switch to SOFR is also expected to reduce systemic risk in the financial system.

Conclusion

The transition from LIBOR to SOFR has raised concerns about the potential negative impact on bank balance sheets during times of financial stress. While SOFR is a more reliable benchmark rate than LIBOR, it has no credit component and tends to fall during financial crises, which could hurt banks’ balance sheets and constrain lending to the broader economy. However, regulators have been working closely with banks to ensure a smooth transition, and many banks have already started using SOFR in transactions. The benefits of switching to SOFR are, according to the “experts”, expected to outweigh the risks, and the switch is also expected to reduce systemic risk in the financial system … Maybe

https://ai3d.blog/understanding-sofr-the-new-benchmark-for-global-credit-markets/

Awake-In-3D: ISO20022 QFS Explained: It’s a Messaging Standard – Not a Payment System

Awake-In-3D

ISO20022 QFS Explained: It’s a Messaging Standard – Not a Payment System

On June 12, 2023 By Awake-In-3D

There is a lot of talk in GCR Land about ISO20022. Most notably, that this Standard is somehow synonymous with the QFS. But is it? In this article, we will explore the key features of ISO20022, its benefits, and how it is being adopted by the financial industry. We will also answer one of the most common questions about ISO20022: Is it an actual QFS payment system?

The ISO is the International Standards Organization. It is an independent, non-governmental international organization with a membership of 168 national standards bodies. Through its members, it brings together experts to share knowledge and develop voluntary, consensus-based, market relevant International Standards that support innovation and provide solutions to global challenges. One of the more popular standards is ISO9001.

You have probably seen this designation on most manufacturers’ websites and it means that these companies comply with an International Standard for Quality Control in their production operations.

ISO20022 is similar in that it is a Standardized protocol in the financial industry for describing a pending payment transaction between financial institutions such as banks. It’s like the SWIFT Messaging System only it modernizes the overall structure of the transaction’s details not currently possible with SWIFT.

The global financial system is complex and interconnected, with financial institutions using a variety of payment systems and messaging formats to exchange information about transactions. ISO20022 is a messaging protocol that defines a standardized way for financial institutions to communicate about payment transactions. However, it is important to note that ISO20022 is not an actual payment system itself.

In this article, we will explore the key features of ISO20022, its benefits, and how it is being adopted by the financial industry.

The Importance of Standardization in Financial Messaging

Financial messaging is a critical component of the global financial system. Financial institutions must exchange information about transactions in a timely and accurate manner to ensure that payments are processed correctly and efficiently. However, with so many different payment systems and messaging formats in use, it can be challenging to achieve standardization and interoperability between different systems.

This is where ISO20022 comes in. ISO20022 is a messaging protocol that defines a standardized way for financial institutions to communicate about payment transactions. It provides a common language for financial messaging, making it easier for different payment systems and platforms to communicate with each other. This leads to greater efficiency, transparency, and automation in financial services.

What is ISO20022?

ISO20022 is a messaging protocol that defines a standardized way for financial institutions to exchange information about payment transactions. It specifies the format, structure, and content of the messages that are sent between different systems and platforms.

ISO20022 was developed by the International Organization for Standardization (ISO) in collaboration with the financial industry. It is designed to be flexible and adaptable, allowing it to be used across a wide range of financial services and transaction types.

The standard includes a variety of message types that cover different types of financial transactions, such as payments, securities, and foreign exchange. Each message type includes specific fields and data elements that must be included in the message, ensuring that the information is consistent and complete.

ISO20022 is also designed to be extensible, meaning that it can be customized to meet the specific needs of different financial institutions and payment systems. This flexibility allows financial institutions to use ISO20022 messaging while still maintaining their own unique systems and processes.

The Benefits of ISO20022

ISO20022 offers a number of benefits for financial institutions and the wider financial industry. Some of the key benefits include:

Improved Efficiency: By using a common language for financial messaging, financial institutions can communicate more easily and efficiently with each other. This reduces errors and delays in payment processing, leading to faster and more reliable transactions.

Increased Transparency: ISO20022 provides a standardized way to exchange information about payment transactions, making it easier for financial institutions to track and monitor transactions. This leads to greater transparency and visibility into the payment process, reducing the risk of fraud and other types of financial crime.

Greater Automation: ISO20022 supports the use of automation and straight-through processing (STP) in financial services. This means that more of the payment process can be automated, reducing the need for manual intervention and increasing efficiency.

Improved Risk Management: By standardizing the way that financial institutions exchange information about payment transactions, ISO20022 helps to reduce the risk of errors and fraud. This leads to improved risk management and increased confidence in the financial system.

Is ISO20022 an Actual Payment System?

One of the most common misconceptions about ISO20022 is that it is an actual payment system. However, this is not the case. ISO20022 is a messaging protocol that facilitates communication between payment systems, but it is not a payment system itself.

Payment systems are the actual platforms that process and settle payments. Examples of payment systems include SWIFT, SEPA, and Fedwire. ISO20022 can be used alongside these payment systems to facilitate communication and exchange of payment information.

In fact, many payment systems are in the process of adopting the ISO20022 standard for their messaging systems. For example, SWIFT has announced plans to migrate to the ISO20022 standard for its messaging system by 2025. This will allow for greater standardization and interoperability between different payment systems, leading to a more efficient and transparent financial system.

Conclusion: The Future of Financial Messaging

ISO20022 is a critical component of the global financial system, providing a common language for financial messaging that facilitates communication between different payment systems and platforms. While it is not an actual payment system itself, ISO20022 is being adopted by the financial industry at a rapid pace, with many payment systems already implementing the standard.

The benefits of ISO20022 are clear: improved efficiency, increased transparency, greater automation, and improved risk management. As the financial industry continues to evolve and innovate, ISO20022 will play an increasingly important role in facilitating communication and standardization between different systems and platforms.

Overall, ISO20022 is the universal language of financial messaging, helping to ensure that transactions are processed accurately and efficiently, and that the global financial system remains secure and resilient in the face of change.

While ISO20022 is a far more flexible and efficient messaging system than SWIFT, the many claims in GCR Land that “ISO20022 Compliant” financial institutions are somehow connected to the QFS is an optimistic stretch of the imagination. It is certainly not a marker or predictor for timing the release of Our GCR.

Reference Links:

Ai3D GCR Real-Time News

https://www.iso.org/home.html

https://www.iso.org/news/ref2467.html

https://ai3d.blog/iso20022-qfs-explained-its-a-messaging-standard-not-a-payment-system/

Awake-In-3D "Back To Basics-Our GCR Explained 6-11-2023

Back to Basics – Our GCR Explained

On June 10, 2023 By Awake-In-3D

Our GCR creates a world where global debt is wiped out, and a new monetary system is established using up to 500,000 tons of off-ledger gold as collateral.

This new system will be facilitated through massive trading platforms that utilize the gold as collateral, facilitating a global currency reset. The gold can then be used to fund global humanitarian projects that address issues such as hunger, poverty, and debt slavery, through the creation of large global trading platforms dedicated to these projects.

In this new system, esoteric currencies and arcane historical bonds can also be used as additional collateral to back the new global asset-backed currency reset, providing liquidity and making it easier to establish the new monetary system.

In this Article:

• A financial reset is possible using up to 500,000 tons of off-ledger gold as collateral.

• Massive trading platforms are being designed to facilitate the new system.

• The new monetary system will wipe out global debt and fund humanitarian projects.

• Esoteric currencies and arcane historical bonds will provide initial liquidity and increase the funding of the new system.

• Asset owners, countries, and investors can pledge 80% of their profits to fund global development and humanitarian projects.

Introduction:

The current global economic system is in a state of crisis, with countries indebted to one another and the average person burdened with debt. The current system has resulted in a lack of funding for humanitarian projects, which are necessary to address issues such as hunger, poverty, and debt slavery. However, there is a plan to establish a new monetary system that will wipe out global debt and fund humanitarian projects, using up to 500,000 tons of off-ledger gold as collateral.

Massive Trading Platforms:

Massive trading platforms are being designed to facilitate the new system. These platforms will utilize the gold as collateral, allowing for the creation of a global currency reset. The gold will be used to fund global humanitarian projects that address issues such as hunger, poverty, and debt slavery. These projects will be facilitated through the creation of large global trading platforms dedicated to these projects. The gold will serve as the primary source of funding for these platforms.

New Monetary System:

The new monetary system will be established using up to 500,000 tons of off-ledger gold as collateral. The gold will be used to wipe out global debt, thus creating a fresh start for the global economy. The new system will be backed by legitimate assets, which will be registered on a global asset ledger. This ledger will ensure transparency and accountability in the new system. The new monetary system will also be designed to prevent the accumulation of debt, as it will be backed by real assets.

The Role of GCR Currencies and Historical Bonds:

Esoteric currencies and arcane historical bonds can provide the first wave and primary liquidity to fund the new system. These currencies and bonds can be evaluated and used as additional collateral to back the new global currency introduction. This will increase the liquidity of the global GCR platform funds and make it more efficient to establish the new monetary system foundation. Asset owners, countries, and investors who own esoteric currencies and bonds can privately pledge 80% of their profits towards global development and humanitarian projects. This will create a more sustainable and equitable future and address some of the world’s most pressing issues where beneficiaries of GCR asset funds become the first wave of stakeholders and leaders of global prosperity activities.

The Importance of Humanitarian Projects:

In addition to addressing issues such as hunger, poverty, and debt slavery, the gold can also be used to fund other critical humanitarian projects. These could include:

• Alternative School Systems: The new monetary system can be used to fund alternative school systems that prioritize creativity, critical thinking, and individualized learning.

• Non-Pharmaceutical Medical Cures: The gold can be used to fund the release of non-pharmaceutical medical cures, such as natural remedies, diet and lifestyle changes, and alternative therapies. This reduces reliance on pharmaceutical drugs creating a more sustainable and affordable healthcare systems.

• Suppressed Energy Technologies: The gold can also be used to fund the development and deployment of suppressed energy technologies, such as free energy and zero-point energy. These technologies could revolutionize the way we produce and consume energy, reducing our reliance on fossil fuels and creating a clean, prosperous future for all.

By allocating resources towards these critical areas, the new monetary system can create a more holistic and equitable future for all. These projects could be facilitated through the creation of large global trading platforms dedicated to these initiatives, ensuring that the gold is used efficiently and effectively.

Conclusion:

The establishment of a new monetary system using up to 500,000 tons of off-ledger gold as collateral can wipe out global debt and fund humanitarian projects. Massive trading platforms will be utilized to facilitate the new system, and esoteric currencies and arcane historical bonds can provide additional liquidity.

Asset owners, countries, and investors pledge 80% of their profits towards global development and humanitarian projects. This new system addresses many of the world’s most pressing issues creating a free and prosperous future for all humanity.

Related Posts:

Unveiling the Untold GCR Secrets of Off-Ledger Gold Trading Platforms   https://ai3d.blog/unveiling-the-untold-gcr-secrets-of-off-ledger-gold-trading-platforms/

Part 1 Project Hammer: Insider Trading Platforms Using Off-Ledger WW2 Gold   https://ai3d.blog/part-1-project-hammer-insider-trading-platforms-using-off-ledger-ww2-gold/

Project Hammer (Part 2) – A HISTORY LEADING TO “OUR GCR”   https://ai3d.blog/project-hammer-part-2-a-history-leading-to-our-gcr/

Awake-In-3D: Project Hammer (Part 2) A History Leading to "Our GCR"

Project Hammer (Part 2) – A HISTORY LEADING TO “OUR GCR”

On June 4, 2023   By   Awake-In-3D

ANDREW GOUGH – Operation Golden Lily Conspiracy

Historical Background Before Project Hammer: Operation Golden Lily

In the year 1944, a significant event known as Operation Golden Lily unfolded, orchestrated by the Japanese Emperor and his military. Over the previous half-century, the Japanese had plundered twelve Asian countries, ransacking museums, banks, gold reserves, private art collections, and even sacred graves of ancient tombs. This article sheds light on the objectives of Operation Golden Lily and its repercussions, highlighting the efforts of the United States in thwarting Japan’s ambitions.

The article photo shows General MacArthur inspecting Philippines WW2 Gold.

The Ambitious Strategy

The Japanese had a two-fold strategy in Operation Golden Lily. Firstly, they aimed to strip the East of its cultural identity by looting priceless treasures. Secondly, they intended to transfer these treasures back to Japan to fund their military, political, and economic dominance for the next thousand years. Their ambitious plans were ultimately disrupted when approaching allied forces, primarily the United States, began targeting Japanese cargo ships en route to or from the Philippines.

Securing the Treasures

Having gained control over the Philippines, the Japanese were in the process of transferring their war spoils from Singapore to Japan. However, with US tanks closing in at a mere 30 kilometers away, General Yamashita, the head of the Japanese occupying army in the Philippines, realized that the war was lost. To protect the stolen gold, the Japanese swiftly constructed complex tunnel systems leading to deep underground vaults. These tunnels were primarily located on Japanese military bases, with some near significant landmarks such as hospitals, schools, churches, mountains, and waterfalls.

The US Military Discovers the Gold

Despite the Japanese taking extensive precautions to safeguard the secret vaults, US military intelligence officers managed to uncover their existence. They seized billions (1945 US Dollars) in gold, platinum, precious gems, and cultural treasures from these hidden locations. Alongside Nazi war loot from Europe, the Japanese plunder was channeled by the US through Gold Certificates into an off-ledger trust known as the “Black Eagle” Trust. This discovery marked the inception of the clandestine Yotsuya Fund, financed by the Golden Lily treasure.

Enter the Keenan Fund and the M-Fund (sound familiar???)

In addition to the Yotsuya Fund, another fund named after Joseph Keenan, the chief prosecutor in the Tokyo war crimes trials, was established utilizing the Golden Lily funds. Eventually, both funds were merged into what became known as the M-Fund. By 1950, the M-Fund had grown significantly, reaching nearly 10% of Japan’s gross national product.

The Impact on Japanese Politics

The M-Fund played a crucial role in supporting pro-US leader Nobosuke Kishi in Japan. During his three-year term as prime minister from 1957 to 1960, Kishi received an annual sum of $10 million primarily sourced from the M-Fund. This financial backing enabled him to exert influence and promote the interests of the United States in Japan.

The Marcos Connection

After 1965, President Ferdinand Marcos of the Philippines, a favored ally of Washington, sought a share of the Golden Lily wealth. To facilitate his involvement, Marcos utilized CIA aircraft, US Air Force planes, and US Navy ships to transport the bullion. The CIA’s global network of banks, such as the Nugan-Hand Bank in Australia, which had numerous retired US intelligence officials on its board, provided offshore refuge for the “black money.” The once-known Golden Lily Gold became widely recognized as the Marcos Gold.

Unveiling Global Gold Trading Platforms

As the global elite and military-industrial complex grew increasingly avaricious and power-hungry, Marcos was eventually overthrown and exiled, laying the groundwork for the emergence of global gold trading platforms. One of the notable initiatives in this realm was Project Hammer, among many others that followed suit.

Now Back to Project Hammer…

Project Hammer, a covert operation with macroeconomic objectives, played a significant role in leveraging assets stolen during World War II for private profits and funding secret projects. Through complex networks and financial strategies, banks and intelligence agencies shielded themselves from responsibility, creating a shadowy world of parallel finance.

Following the defeat of the Japanese and their failure to negotiate the retention of the Philippines, the Office of Strategic Services (OSS), the forerunner of the CIA, began recovering the bullion stolen by the Axis powers. This bullion formed the “Black Eagle” fund, which operated under the shadow of the 1944 Bretton Woods Agreement. The fund’s assets were placed under the control of Severino Garcia Santa Romana, an OSS operative, who established numerous corporate entities to manage them.

Offshore Accounts and Private Gold Treaty Agreements

To handle the recovered assets, Santa Romana’s corporate entities established 176 bank accounts in 42 countries. These accounts operated under private Gold Treaty agreements, keeping the assets hidden from public view. The true extent of these accounts and their connections remained concealed for years.

Gold and Platinum Certificates

Over the years, European banks issued gold and platinum certificates based on this bullion. The certificates bore the names of prominent individuals, often heads of state, as beneficiaries. However, these individuals were not the legal beneficiaries but rather a smokescreen to obscure the true origin of the bullion. The banks holding the assets did not own them but utilized them in off-ledger activities, often to an irresponsible extent. This parallel financing scheme was based on the leveraging and monetization of the WW2 gold certificates as collateral.

Of course, the Elitists and Banksters neglected their originally promised obligation to return the stolen collateral assets to their rightful owners… until a new program began in the 1990s.

The Birth of a New Project

This is the principle historical background for what evolved into a new operation beginning in the 1990s. It is a project to re-purpose the Funds, Trusts and Gold for the benefit of Humanity – the origin of Our GCR today.

Interestingly, all of the background mechanisms and structure of the “Good Guy” Global Currency Reset were born out of programs like Project Hammer.

The delay in releasing Our GCR are many fold. Primarily, there have been far too many persons and entities fraudulently claiming to be the rightful heirs to the many Trusts, Funds and Trading Platform accounts. Many or you have been witness to this over the past 15 years in GCR Land. I can only surmise that a decision to allow the collapse of the current financial system.

For much more on Operation Golden Lily, go here: https://andrewgough.co.uk/the-golden-lily-conspiracy-my-journey-of-discovery/

https://ai3d.blog/project-hammer-part-2-a-history-leading-to-our-gcr/

(Note: You Can see all of Awake-In-3D’s past Articles in Dinar Recaps Category section)

Awake-In-3D: Part 1 Project Hammer: Insider Trading Platforms Using Off-Ledger WW2 Gold

Awake-In-3D

Part 1 Project Hammer: Insider Trading Platforms Using Off-Ledger WW2 Gold

On June 3, 2023  By Awake-In-3D

Our GCR Land “intel” today is littered with current speculations, built on previous speculations, built on historical legends, propagated by internet rumors. First of all, I BELIEVE in Our GCR as do all of you. However, as the years wane on, it’s difficult to hear the same GCR Intel information repeatedly. I want more.

This is why I’ve spent over a decade tracking down terabytes of information and rabbit holes searching for the truth as best I can. This type of credible information provides a satisfying and deep sense of reality around Our GCR.

Project Hammer, a highly secretive banking practice that operated from 1988 to 1992. Unveiling a web of illicitly repatriated gold stolen during World War II, this article delves into how banks and individuals profited from using this ill-gotten gold to establish shadow trading programs. These programs generated immense profits, which were then funneled into private trading accounts and covert projects.

In the images shown below, you will see phrases like “Tranches with Rolls” related to accounts with staggering amounts of cash balances. Secret numbered Trading accounts/platforms with cryptic code names linked to Trusts and Foundations. These are phrases commonly used in GCR asset agreements today.

The bank names are familiar (although some have been merged and names changed since the late 1980’s). The banking locations are the same as with today’s hubs of GCR activity such as Zurich, Singapore, London and Miami. Interesting parallel and likely not a coincidence.

The WW2 gold, estimated to be well over 100,000 metric tons, was later discovered primarily in the Philippians, but also Cambodia, Indonesia and Laos. The gold was then hoarded primarily by President Ferdinand Marcos who was eventually forced to sell portions of the gold to international Banksters and corrupt financiers in the early 1980’s. But this is a story for another time.

Source Material

The information that follows is based on my extensive research into the lost gold of WW2 which led me to the incredibly detailed and exhaustively mind-numbing body of work from Mr. David Guyatt in the UK.

So I am giving credit where credit is due.

David Guyatt is a former investment banker with a career spanning twenty-eight years in the City of London. He held the position of Associate Director & Treasurer of the Forfaiting division in a major international bank. He later transitioned into a career as a writer and researcher, focusing on a wide range of subjects.

In the early 2000’s, with his insider knowledge of international financing, David engaged extensively in researching the story of gold and other treasures looted by the Axis powers [the Germany, Japan and Italy alliance] during World War II and what happened to these vast riches.

Project Hammer

Project Hammer was a highly secretive banking practice that utilized illicitly repatriated gold from World War II to generate unimaginable and unaccountable fund profits. This article explores how banks and individuals profited from these shadow trading programs, ultimately funding secretive off-book projects. Unveiling the names associated with this illicit activity, we delve into the diversion of funds by major banks at the time.

The Veil of Secrecy Unveiled

Project Hammer, a series of collateral trading programs, emerged in 1988 as a covert banking practice shrouded in secrecy. Hammer replaced a previous Project named Jacobe which operated for years earlier. These programs were designed to generate vast amounts of unaccountable funds for specific projects.

Project Hammer was a secretive program involving vast sums of money, potentially reaching trillions of dollars, held in dormant and orphaned bank accounts. The trading programs primarily use US dollars and involve various offshore entities. London and Zurich are key centers for these activities, and gold plays a significant role. The US government collects a percentage of the proceeds through private tax treaties with offshore entities, while rumors suggest some of the tax revenues may be diverted for private purposes.

These types of trading programs are primarily conducted by governments, treasury departments, and top international banks, with G7 nations dominating the scene. Supervision is challenging due to the multi-jurisdictional nature of these programs. Suspicious funds enter the system but are made clean through complex transactions. “Black” gold, cash, and convertible assets serve as collateral to initiate trading programs, along with privately lodged government-issued Treasury Notes and Bonds in major western banks.

Banks leverage these assets to issue their own debentures, which are then traded electronically at steep discounts. The difference between buy and sell prices generates profit known as “fallout,” which can amount to trillions of dollars.

Examples of such programs include Hammer, which resulted in a fallout (skimmed profits) of over US$220 billion in 1992 US Dollars, and Jacobe, which was only partially completed but had the potential for a fallout of US$2.75 trillion before 1988.

Date References

World War II: 1939-1945

Trading program EFG Jacobi: Predecessor of Project Hammer, prior to 1988

Project Hammer operation: 1988-1992

Bank of England lifts veil of secrecy surrounding gold: 1997

Brigadier General Erle Cocke’s affidavit from a confidential investigation on Project Hammer: April 2000

The Gold Connection and Repatriation

At the heart of Project Hammer lies a dark secret: the illicit repatriation of gold stolen throughout Asia, Europe and North Africa during World War II by the Nazi and Japanese military. These vast quantities of gold, along with lesser amounts of platinum, were the asset base upon which these trading programs operated. Gold, being a stable commodity used to back currency issuance, had long been shrouded in government and central bank secrecy. Only in 1997 did the Bank of England lift the veil of secrecy surrounding gold, although the true extent of its existence remains hidden from official figures.

Trading Programs That Don’t Exist

To maintain the secrecy surrounding genuine activity, trading programs like Project Hammer were consistently denied to exist. Inquiries about them were deflected, and attention was redirected to warnings about “fraudulent programs” as a smokescreen. By focusing on the numerous prosecutions of fraudulent High Yield Investment Program transactions, the impression was created that authorized programs did not occur. This deliberate deflection served the purpose of concealing the true operations and financing techniques of these covert trading programs.

Banking Profits and Illicit Diversions

Project Hammer stands out not only for its covert activities but also for the illegal diversion of trading proceeds by major banks. Brigadier General Erle Cocke’s affidavit in April 2000 confirmed this illegal diversion, exposing the involvement of former US Treasury Secretary, Lloyd Bentsen, in investigating and recovering the missing funds. Surprisingly, no agency or group, including the Federal Reserve, Treasury, CIA, or FBI, was willing to take action against the banks, indicating their overwhelming power and influence.

Banks on the Brink of Collapse

By the late 1980s, major banks such as Citibank, Chase Manhattan, and Hong Kong & Shanghai Banking Corporation were teetering on the brink of bankruptcy. Their downfall was the result of reckless lending to Third World nations coupled with the greed of senior bank executives. The article sheds light on the damage caused to the global banking system and how the spiral of gluttony led to dire consequences.

Project Hammer’s Unexpected Role

As the fear of a domino effect loomed over the world’s top banks, a decision was made to divert Project Hammer funds to bail out these financial institutions. Despite causing the banking crisis in the first place, banking executives escaped accountability while collecting exorbitant salaries and bonuses. Names such as John Reed of Citibank and Sir William Purvis of Hong Kong & Shanghai Bank come to the forefront, as their relief mirrored the collapse of others’ investments.

Investors’ Losses and Bankers’ Gains

While investors and middle-men involved in Project Hammer anticipated profits and commissions, they ultimately suffered substantial losses. Unbeknownst to them, their money became the gain of bankers involved in the illicit diversion of funds. This perverse scenario epitomized the darker side of the banking world.

Project Hammer’s Hidden Legacy

Project Hammer remains a tightly guarded state secret in numerous countries, including the United States. The secrecy and covert operations associated with these trading programs have obscured the comprehensive details of their activities and financing techniques. However, through the revelations presented in this article, a glimpse into the hidden world of Project Hammer emerges, shedding light on the intersection of illicitly obtained gold, banking profits, and clandestine black operation projects.

Reference List:

The Gold Connection and Repatriation

War II: The Nazis and Japanese plunder large volumes of gold and platinum during the war.

Bank of England: In 1997, the Bank of England lifts the veil of secrecy surrounding gold.

Official figures: The true amount of gold in existence exceeds official figures by over 100,000 tons.

Trading Programs That Don’t Exist

High Yield Investment Program transactions: Numerous prosecutions of fraudulent transactions created the impression that authorized programs do not exist. This shielded the actual ongoing gold trading platforms from public discovery.

Investigations into Banking Profits and Illicit Diversions

Brigadier General Erle Cocke: Provides an affidavit in April 2000, confirming the illegal diversion of Project Hammer funds by major banks.

Lloyd Bentsen: Former US Treasury Secretary involved in investigating and recovering the missing funds.

A Few Images of Many Trading Account Documents Discovered

 Part 2 of Project Hammer will cover the specific sources of gold and the classified military operations behind an estimated 100,000+ metric tons of the stolen Yellow Metal.

https://ai3d.blog/part-1-project-hammer-insider-trading-platforms-using-off-ledger-ww2-gold/

Awake-In-3D "Unveiling the Untold Secrets of Off Ledger Gold Trading Platforms"

Awake-In-3D

Unveiling the Untold GCR Secrets of Off-Ledger Gold Trading Platforms

On June 2, 2023 By  Awake-In-3D

It is no secret that Our GCR requires a lot of gold, actually Gold Certificates, to back the collapsing global fiat currency system. We hear terms like Trading Platforms, off-ledger gold accounts, and the repurposing of secret Elitist/Bankster funds and Trusts to bring Our GCR into reality. But is there actual evidence around all of this GCR history and lore? Yes there is.

I will be posting a variety of articles that dig deep into the evolution of Our GCR providing background and context around the greatest financial shift in human history. I’ll begin with “Project Hammer”.

Introduction

Welcome to the world of Project Hammer, where off-ledger trading platforms leverage gold as collateral to generate substantial profits. In this secretive realm of international banking, significant fortunes are made through hidden transactions.

Prepare to discover the lesser-known aspects of the western economy, where money creation operates with limited oversight and accountability. Explore the shadowy world of collateral trading programs and the vast amounts of money locked away in dormant bank accounts. This journey will undoubtedly reshape your understanding of the financial landscape.

Key Topics Explored:

Off-Ledger Trading Platforms

High Yield Investment Programs

Two Sets of Books

Collateral Trading Programs

Black Operations

Trillions of Dollars in Dormant Bank Accounts

Unlocking the Mystery of Off-Ledger Trading:

The never-never-land of international banking, obscured from public view, operates through the careful manipulation of two sets of books. Countless cases of fraud and scam artists serve as distractions, leading many to believe that real trading programs do not exist. The hidden truth is shielded by the powers that be, enabling the continuation of these clandestine activities.

Trading programs are conducted off-ledger, meaning banks and central banks maintain separate books for public scrutiny and private viewing. This duality allows authorized programs to generate staggering profits with minimal risk, while the privileged few invited to participate accumulate wealth at an astonishing pace. The ever-widening wealth gap between the rich and the poor is a byproduct of this obscured financial landscape.

Project Hammer and Collateral Trading Programs:

Project Hammer thrived in the financial, banking, and economic shadow-world, conjuring money seemingly “out of thin air.” Collateral Trading Programs, the lifeblood of Project Hammer and similar ventures, create vast pools of earmarked money for authorized operations and projects. While many beneficial initiatives receive funding, there is also a murky side that involves shadowy black operations.

Dormant Bank Accounts and Trillions of Dollars:

Insiders reveal that the consolidated funds residing in dormant and orphaned bank accounts amount to trillions of dollars. Conservative estimates suggest there is enough to pay off the entire US national debt, with considerable change to spare. On the other end of the spectrum, some believe the cumulative value reaches hundreds of trillions of dollars.

Delve into the mesmerizing realm of off-ledger trading platforms, where gold collateralizes extraordinary profits. Unveil the intricate mechanisms behind Project Hammer and other ventures, exposing a financial world concealed from public scrutiny.

The staggering sums of money held in dormant bank accounts paint a picture of unimaginable wealth. As you navigate the hidden corridors of the western economy, prepare to question the boundaries of oversight and accountability. Brace yourself for the revelation that will forever change your perception of how money is created and manipulated.

To be continued in Part 1 of Project Hammer…

https://ai3d.blog/unveiling-the-untold-gcr-secrets-of-off-ledger-gold-trading-platforms/

Awake-In-3D "The Importance of the Gold Standard in Economic Freedom"

Awake-In-3D

The Importance of the Gold Standard in Economic Freedom

On June 1, 2023 By Awake-In-3D

The benefits of a Gold Standard as written by a famous (or infamous) Senior Economist. his essay, written in 1966, argues the significance of the gold standard in promoting economic freedom and its role in a free society. Written by Alan Greenspan, Chairman of the Federal Reserve Bank from 1987 to 2006.

It’s difficult to believe a future FED Chairman actually wrote this definitive dissertation on true economic freedom being both maintained and protected via a Gold Standard for monetary policy. Too bad Mr. Greenspan abandoned his early roots when leading the United States, and the world, into the Great Financial Crisis of 2008-2011.

Alan Greenspan’s article highlights the significance of the gold standard in a free society. He argues that gold and economic freedom go hand in hand, as gold serves as a reliable medium of exchange and store of value. Greenspan criticizes the abandonment of the gold standard, which has led to excessive deficit spending and the erosion of wealth through inflation.

He suggests that the welfare state opposes the gold standard because it protects property rights and limits their ability to confiscate wealth. Overall, Greenspan’s article emphasizes the importance of the gold standard in promoting economic stability and safeguarding individual prosperity.

I have summarized Greenspan’s original essay below – without the sophisticated financial language.

The Role of Gold in a Free Society

Money is what we use to exchange goods and services. It needs to be widely accepted, have a stable value, and be a reliable store of wealth. Gold fulfills these criteria and is a luxury commodity that is universally accepted as a medium of exchange.

Advantages of Gold as a Medium of Exchange

Gold has several advantages as a medium of exchange. It is durable, meaning it does not easily wear out. It is also portable, homogeneous (each unit is the same as the others), and divisible. These qualities make gold superior to other goods as a form of money.

The Transition to a Single Medium of Exchange

In a developing money economy, different goods can be used as a medium of exchange. However, over time, one commodity tends to become more widely accepted until it becomes the sole medium of exchange. Gold, silver, and other goods have served as international media of exchange, with gold eventually becoming the predominant one due to its scarcity and advantages.

The Role of Banks and Credit Instruments

A banking system based on gold allows for the extension of credit. Banks can create bank notes and deposits, backed by the production requirements of the economy. With a fraction of the deposits held as reserves, banks can make loans and support economic growth.

The International Gold Standard

When gold is accepted as the medium of exchange by most or all nations, it fosters a division of labor and international trade. The economies of different countries act as one, with credit, interest rates, and prices following similar patterns. The gold standard helps maintain stability and balanced growth.

The Abandonment of the Gold Standard

The welfare state opposes the gold standard because it limits deficit spending. Under a gold standard, credit expansion is limited by the economy’s tangible assets. However, the welfare state relies on massive deficit spending, which requires borrowing money through government bonds. The abandonment of the gold standard allows for an unlimited expansion of credit and can lead to inflation and the confiscation of wealth.

The Importance of the Gold Standard

The gold standard serves as a protector of property rights and safeguards individuals’ wealth. It prevents the hidden confiscation of wealth and ensures stability in the economy. The welfare state opposes the gold standard because it hinders their ability to manipulate the financial system for their benefit.

Conclusion

The gold standard plays a crucial role in economic freedom and stability. It serves as a reliable medium of exchange, store of value, and protector of property rights. The abandonment of the gold standard allows for excessive deficit spending and wealth confiscation. Understanding the importance of the gold standard is essential for promoting individual prosperity and economic well-being.

Read Greenspan’s original 1966 Essay, “Gold and Economic Freedom” here: http://www.321gold.com/fed/greenspan/1966.html

https://ai3d.blog/the-importance-of-the-gold-standard-in-economic-freedom/

Awake-In-3D "Debt Jubilee: A Last Resort Before the Global Fiancial Collapse"

Awake-In-3D

Debt Jubilees: A Last Resort Before The Global Financial Collapse

On June 1, 2023 By Awake-In-3D

A Debt Jubilee is coming. It will be introduced as a last resort before a global financial collapse. However, without a Gold-backed Currency Reset is a very bad idea. Here’s my take on the alarming rise of global debt and the potential consequences of Fiat Monetary System debt jubilees as the world teeters on the brink of a financial system collapse. Brace yourself for an unsettling glimpse into the Jubilee future without Our GCR.

Debt Jubilees: A Historical Solution with Dire Implications

Ancient Babylonian rulers employed debt jubilees to prevent violent revolts caused by overwhelming debt.

Debt jubilees redistributed wealth and acted as societal pressure release valves.

The practice spread across different civilizations, even recognized in the Book of Leviticus.

Today, with unbearable levels of government, corporate, and personal debt, debt jubilees may make a big comeback.

Debt jubilees, a practice originating in ancient Babylon, were once employed to prevent social upheaval caused by overwhelming debt. Now, as modern society grapples with insurmountable levels of government, corporate, and personal debt, the revival of debt jubilees may appear enticing. However, the implications of such a solution are far from promising.

The Biggest Wealth Transfer in History: Imbalances and Unintended Consequences

Debt jubilees don’t create new wealth but redistribute it on a massive scale.

Examples like PPP (Payroll Protection Program) loan forgiveness and President Biden’s student loan forgiveness reveal the impact.

Student loan forgiveness alone could cost at least $590 billion.

Concerns arise regarding inflationary effects and setting irreversible precedents.

Debt jubilees, although touted as redistributing wealth, simply shift the burden from one party to another. Recent examples like PPP loan forgiveness and President Biden’s student loan forgiveness reveal the far-reaching impacts. These actions, accompanied by unprecedented costs, set dangerous precedents and sow the seeds of discontent among those who acted responsibly. The promised relief for some may come at the expense of others, intensifying social and economic imbalances.

The Rising Tide of Debt and the Precarious Breaking Points

Consumer debt, surpassing $16 trillion, is reaching unbearable levels.

Rising interest rates make servicing record debt increasingly challenging.

Biden’s student loan forgiveness sets the stage for future debt jubilees.

The pressure to provide debt relief before elections may become irresistible.

The staggering rise of consumer debt, soaring past $16 trillion, serves as a stark warning sign. As interest rates climb, the burden of servicing this record debt becomes increasingly unsustainable. The recent student loan forgiveness, fueled by political expediency, sets a precedent that could trigger demands for further debt relief. A significant portion of the population, burdened by car loans, mortgages, and credit card debt, may soon demand their share of debt forgiveness.

The Coming Federal Debt Jubilee: Unraveling the Global Financial System

The US federal government faces the biggest debt in the history of the world.

The debt is growing rapidly and reaching a financial endgame.

Even paying the interest expense becomes a daunting task.

The Federal Reserve is trapped between rising inflation and bankrupting the government.

The United States government faces an unparalleled debt crisis, with levels skyrocketing beyond comprehension. The sheer magnitude of the federal debt, accumulating at an alarming pace, points to an inevitable financial endgame. The interest expense alone threatens to consume more than half of current tax revenues. Even a return to average interest rates would prove insufficient to combat the surging inflation. The Federal Reserve finds itself trapped between a rock and a hard place, as raising rates to tackle inflation would push the government to the brink of bankruptcy.

Resetting the System: An Ominous Path Forward

A debt jubilee may be part of the US government’s strategy to reset the system.

Stealthily implementing inflation could be a means to repudiate the federal debt burden.

Inflation disproportionately benefits debtors, including the US government.

Consequences include devastating savers, eroding purchasing power, and global financial instability.

In the face of an impending financial collapse, governments often resort to drastic measures to “reset” the system. While the specifics remain uncertain, a debt jubilee of biblical proportions may play a significant role in the US government’s strategy. To avoid the appearance of default, they may implement a stealthy solution: inflation. Inflation disproportionately benefits debtors, making it an appealing choice for the largest debtor in history—the US government. However, the consequences of such a course of action will be far-reaching, devastating savers, eroding purchasing power, and shaking the foundations of the global financial system.

The resurgence of debt jubilees as a purported solution to overwhelming debt levels carries dire implications for the global financial system. The unequal redistribution of wealth, the normalization of debt forgiveness, and the unsustainable rise of debt in various sectors paint a bleak picture. As the US government grapples with an insurmountable federal debt burden, a looming financial collapse threatens the stability of the global economy. The path forward seems to involve a stealthy debt jubilee through inflation, exacerbating social, economic, and geopolitical tensions. The warning signs are clear—brace yourself for the turbulent times that lie ahead.

Combining a Gold & Commodity-backed Currency with a Debt Jubilee is the Solution

The current state of the global financial system, marked by soaring debt levels and the potential for a catastrophic collapse, necessitates a comprehensive solution.

While debt jubilees may provide temporary relief, a more sustainable approach lies in adopting a gold and commodity-backed monetary policy worldwide. By combining a debt jubilee with a return to sound monetary principles, governments can achieve a lasting solution that addresses the root causes of the crisis.

A gold-backed currency would restore confidence, provide stability, and prevent the rampant inflation associated with unchecked money printing. Additionally, coupling debt forgiveness with a commodity-backed system would ensure that wealth redistribution is more equitable and sustainable, avoiding the pitfalls of simply shifting the burden from one party to another.

By embracing such a holistic approach, governments can not only alleviate the immediate burden of debt but also establish a foundation for long-term economic stability, prosperity, and a resilient global financial system.

https://ai3d.blog/debt-jubilees-a-last-resort-before-the-global-financial-collapse/

Awake-In-3D "Texas Takes the Lead: A Golden Future for Sovereign Digital Currency"

Awake in 3D

Texas Takes the Lead: A Golden Future for Sovereign Digital Currency

On May 25, 2023 By Awake-In-3D

Could Texas (not Reno) be the actual location of the New Republic Sovereign US Treasury?

For several years now, multiple rumors in GCR Land implied that Texas, not Reno Nevada, will be the location of the New United States Republic’s Sovereign Treasury. I’ve always considered this as a fringe viewpoint. Yet, given the constant distraction and confusion coming out of Reno, what I see happening in Texas is truly exciting. Perhaps Texas is Ground Zero for US RV/GCR activities.

Let’s take a deep dive into what Texas is doing regarding a gold-backed digital currency and explore how it could spearhead this transformative change and the positive implications it may bring.

Texas, the Lone Star State, is poised to revolutionize the world of finance with its groundbreaking proposal for a state-run digital currency. In a move that challenges the collapsing debt-based fiat currency system, Texas Senate Bill 2334 seeks to introduce a digital currency backed by gold and silver, offering an alternative that prioritizes transparency, privacy, and individual agency. This bold step has the potential to pave the way for a brighter monetary future, free from the grips of centralized control.

A Trailblazing Vision for a State-Backed Digital Currency

Texas Senate Bill 2334 is a visionary proposition that envisions a state-run digital currency backed by tangible assets like gold and silver. By adopting such a currency, Texas could become the first state in the nation to embark on this groundbreaking path, setting an inspiring precedent for others to follow. This bold move aligns with Texas’ previous establishment of a state gold depository, akin to the revered Fort Knox, which serves as a physical foundation for a gold-backed currency.

Unlocking Global Potential: Digital Currency for All

One of the most remarkable aspects of this proposal is its global reach. If the Texas digital currency becomes a reality, people from all corners of the world, not just within Texas, would have access to this innovative monetary system. Through a simple debit card, individuals could transact using this digital currency, transcending geographical boundaries. The proposed law empowers the Texas comptroller to create the digital currency, mint pure gold or silver coins based on weight, and declare them as legal tender for settling debts.

Democratizing Financial Freedom

Under the Texas digital currency plan, the debit card could be utilized worldwide wherever debit cards are accepted. This opens up a realm of possibilities for individuals outside of Texas, granting them the ability to create accounts and leverage this system, provided it complies with their local regulations. The state comptroller, supported by a trustee overseeing the program, would ensure that sufficient gold or silver reserves are held to back the digital currency units allocated to each account holder. This prudent approach strengthens the stability and credibility of the currency.

A Return to the Gold Standard: A Time-Tested System

To grasp the significance of a gold-backed digital currency, let’s delve into the gold standard. This monetary system anchors the circulating currency to gold reserves stored in government vaults. The convertibility of gold and currency prevents excessive currency creation by the government, safeguarding against market manipulation. With a return to the gold standard, money assumes a stable and unobtrusive role, no longer subject to the whims of economic policymakers. This shift diminishes economic inequality and curtails the undue influence of the wealthy over financial systems, fostering a fairer and more balanced society.

Bottom Line

Texas’ bold proposal for a state-run digital currency backed by gold and silver holds immense promise for a future founded on transparency, privacy, and individual empowerment. By spearheading this transformative change, Texas has the potential to reshape the financial landscape, inspiring others to explore alternative monetary systems that prioritize the common good. As the world looks on, the Lone Star State illuminates a path towards a golden future for digital currencies.

Reference Article

https://ai3d.blog/texas-takes-the-lead-a-golden-future-for-sovereign-digital-currency/

Awake-In-3D "The Inescapable Financial System Collapse and The Elitist Reset Solution"

Awake-In-3D

The Inescapable Financial System Collapse and The Elitist Reset Solution

On May 24, 2023 By  Awake-In-3D

There is Our GCR, and there is the Elitist Monetary Reset. This article will focus on the “bad guy” Reset so that it can be identified when ultimately revealed to the public.

The global financial system, built on debt-based currency creation, is teetering on the brink of collapse. As mounting evidence suggests an inevitable implosion, a planned Reset looms, but is it a move toward salvation or a descent into greater darkness?

The impending transition to a Central Bank digital currency could trap individuals in a system of complete control, with negative interest rates and increased taxes stifling any hope of escape. Meanwhile, the surging demand for gold and alarming bank failures hint at the magnitude of the impending crisis. Are we hurtling towards a breakdown of the monetary system, or is there still room for redemption?

The Fragile State of the Fiat Currency System

For the first time in human history, the world exclusively relies on a Fiat Currency system, shackled by mounting debt. This debt-based financial economy now displays harbingers of an irreversible collapse, heralding the necessity, and inevitability of a global financial Reset.

The Planned Elitist Reset and Its Master Intentions

The envisioned Reset, courtesy of the global elites and banksters, aims to avert a cataclysmic implosion of the financial system. However, what lies beneath the surface is a transition from bad to worse. As the precipice nears, losing confidence in the currency would trigger profound changes, posing a threat to our intricate society intertwined with the banking system. This monumental crisis would provide the perfect cover and opportunity to execute the master Reset plan.

The Prelude to Crisis: Bank Failures and Revealing Statements

The initial tremors of crisis are evident in the wake of significant bank failures. Institutions such as Silvergate, Signature Silicon Valley Bank, and First Republic have fallen under regulatory control and been absorbed by influential entities like JP Morgan. The size and scale of these failures, dwarfing those commonly cited, expose the fundamental flaws within the banking system.

The orchestration of mergers and acquisitions by governments and central banks to salvage failing institutions does not negate the fact that a failure has occurred. Bank runs loom as a genuine threat, shining a spotlight on the fraudulent and enslaving characteristics of the current monetary paradigm.

Under the prevailing system, a privileged few benefit without contributing more than they consume. Entrepreneurs, business owners, and those who drive the economy forward find themselves carrying the weight of the system. The exposure of this system’s exploitative nature, enabling fraud, theft, and currency manipulation, is gaining traction and revealing its true face.

The Perils of Central Bank Digital Currencies and Possible Trojan Horse Bait-and-Switch

The desired reset entails the implementation of Central Bank digital currencies, enabling absolute control over the populace. Once ensnared in this system, individuals will find themselves trapped, burdened with the requirement of ever-increasing currency to fulfill debt interest payments.

The stark imbalance between the existing 20 trillion dollars in currency circulation and the staggering 93 trillion dollars of U.S. public and private debt, underscores the fallacy of our current monetary structure. Yet it would not be surprising if all the talk of a U.S. Federal Reserve Bank CBDC is a bait and switch scenario. The real threat that must be understood about the Global Elitist’s plans is the consolidation of bank deposits under a single, digital ledger system.

This single monetary ledger is the key mechanism for the Great Reset plan. It is perfectly foreseeable that the CBDC is a Trojan Horse gaining all the public attention and protests while behind the scenes, amidst a bank solvency crisis, the FED rides in to save the day by publicly announcing the abandonment of their CBDC plans while quietly consolidating a public and private deposits onto a unified monetary ledger via the few largest commercial banks that survive the crisis.

Who Owns the FED?

What most are not aware of is, who actually owns the Federal Reserve Bank? The FED’s shareholders own them. Who are the FED’s shareholders? The largest commercial banks such as JPMorgan, Goldman Sachs, Citibank, Wells Fargo, Bank of America and others, which are Member Banks under the FED’s umbrella, own substantial shares of the FED. Once these banking behemoths merge with the smaller, failing banks (with FED financial assistance of course), the stage is set for a consolidated monetary ledger giving them total access to all financial transaction data. They don’t need a CBDC for that – they only need a unified account ledger.

A Central Bank Gold Rush Amidst Uncertainty

While no country currently operates with real money, the actions of central banks speak volumes. Gold, recognized as a tier one asset, holds immense appeal as the safest and most reliable store of value. Record-breaking purchases of gold by Asian central banks, coupled with China’s ban on gold exports, signal their preparation for an impending global monetary system breakdown. This indicates that gold is considered the safest, most secure, and trustworthy asset.

Adding more gold signals that they are getting ready for something. However, they are trying to prolong this process as much as possible. China, being the world’s largest gold producer, has made it illegal to export gold from the country. Additionally, China is also the world’s largest buyer of gold. The reason behind this is that they are preparing for a worst case scenario. Don’t listen to what they say, learn by what they do.

In the past, when countries were connected through trade, recessions would spread from one country to another within a few years. Today, with the global interconnection of financial systems and derivatives, any crisis can quickly impact the entire world. It doesn’t matter where the crisis originates.

Summary

As the world hurtles towards a financial precipice, the escalating signs paint a vivid picture of an impending collapse. The debt-laden Fiat Currency system teeters on the edge, while elitist and bankster plans for a Reboot and Reset raise questions about the true intentions behind such measures.

The proposed transition to Central Bank digital currencies threatens to entrap individuals in a web of control, perpetuating a cycle of increasing debt and diminished freedoms, yet an actual CBDC is not necessarily a prerequisite for this deleterious Reset. Their true goal may to simply forge a unified, monetary ledger consolidating the majority of bank deposits and data mining.

The surge in gold purchases and alarming bank failures further underline the fragility of the current system. With mainstream attention turning toward the fraudulent nature of the monetary system, the stage is set for a reckoning that could reshape the global financial landscape.

https://ai3d.blog/the-inescapable-financial-system-collapse-and-the-elitist-reset-solution/

Awake-In-3D "Florida, Indiana Ban CBDC's: Gold As Money-A States Right

Awake-In-3D: 

Florida, Indiana Ban CBDCs: Gold As Money A State’s Right

On May 17, 2023  By Awake-In-3D

Our GCR may eventually be realized by States exercising their Article 1 U.S. Constitutional powers through gold standard legislation

Florida and Indiana have taken decisive action by enacting laws that ban the use of central bank digital currencies (CBDCs) as money within their states. The intention behind these laws is to address concerns about potential threats to economic freedom and security. While these laws do not directly target free-market cryptocurrencies, they do establish a regulatory framework that could impact the future of digital currencies in these states.

Florida

In Florida, Governor Ron DeSantis spearheaded the legislation, resulting in the introduction of Senate Bill 7054 (S7054) by Rep. Wyman Duggan. Governor DeSantis emphasized the importance of safeguarding consumers and businesses from what he perceived as the reckless adoption of a centralized digital dollar.

The legislation defines CBDCs as digital mediums of exchange or digital monetary units of account issued by entities such as the United States Federal Reserve System, foreign governments, and central banks. According to the Florida Uniform Commercial Code (UCC), “money” encompasses authorized mediums of exchange. However, S7054 explicitly states that CBDCs do not fall under this definition, effectively prohibiting their use as money. The bill received overwhelming support from the House and Senate and is scheduled to take effect on July 1.

Indiana

In Indiana, a similar ban on CBDCs was introduced through Senate Bill 468 (SB468), which underwent significant revisions before being enacted. The initial version of SB468 would have allowed for the use of CBDCs in Indiana by including them in the definition of money. However, grassroots opposition prompted changes to the language during the legislative process.

 The final version of SB468 excludes CBDCs from the definition of money, taking a neutral stance on free-market cryptocurrencies like Bitcoin. The legislation garnered broad support in both the House and Senate and is set to become effective on July 1, 2023, pending Governor Eric Holcomb’s signature.

While these laws specifically target CBDCs, they do not explicitly mention free-market cryptocurrencies. As a result, the use and classification of private cryptocurrencies remain unaffected by the legislation. This approach allows the current state of affairs regarding free-market crypto transactions to continue within these states.

What it Means – States May be Moving towards a Gold Dollar Standard and Our GCR

The enactment of these laws raises significant questions about the future of digital currencies in Florida and Indiana. Critics argue that the bans may stifle innovation, impede economic growth, and curtail personal freedom.

On the other hand, proponents contend that these measures protect individuals from potential government surveillance and centralized control over monetary systems and banning a Federal CBDC is a step in the right direction.

With more states introducing and passing legislation to protect gold and silver as sound money, in line with Article I, Section 10 of the U.S. Constitution, which mandates their use as legal tender, a logical progression would be to implement a state-by-state path toward a gold standard dollar, both in physical and digital form. This would pave the way for a broader Gold Confiscation Resistant (GCR) release.

Many Blessings, | Ai3D

Source article: https://schiffgold.com/key-gold-news/florida-and-indiana-pass-laws-banning-the-use-of-a-cbdc-as-money-in-the-state/

https://ai3d.blog/florida-and-indiana-pass-laws-banning-cbdcs-as-money/