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you are here: > Self > 18.
EKELOS
| 18.9 |
Global currency and efficiencies of trade |
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| Currency is a formal system of money based on some standard unit of measurement, a store of value and a medium of payment and exchange. Money is anything that is generally accepted in exchange as payment for Goods according to some estimated value. | ||
| Due to general ignorance and deliberate disinformation within the "truth movement" by agents of the system, much of this knowledge is hidden by false remedy and attacks on whistleblowers. | ||
| While the key function of money is to act as a medium of exchange, when money is formalized to be recognized as a store of value, a unit of account and method of payment according to certain rules, it may be regarded then as Currency. | ||
| All currencies and therefore money may be defined into two (2) types according to the method of underwriting the value of the money: Commodity and Property. | ||
| Commodity Currency is the simplest form of currency whereby the money itself is the underwriting and carrier of value. The most common examples of commodity currency are gold and silver coins, now rarely minted in favour of debased metal coins of less intrinsic value. | ||
| Property Currency is any currency that uses Rights of Property by claim, lien and other mechanisms as the method of underwriting. All Property Currency is based upon the rules of Negotiable Instruments and the associated concept of Temporary Trusts in which to convey the Property. | ||
| All Notes, also known as Bank Notes and Bills are by definition fungible Negotiable Instruments, therefore Property Currency based upon one or more classes of Property conveyed into Temporary Trusts as its store of value. A Bank may choose to issue one Bank Note against one Temporary Trust for one Trust Corpus of Property, or may choose to issue multiple Bank Notes against a Temporary Trust to the total value of the Trust Corpus. | ||
| The two most common forms of Property used to underwrite Currency as Negotiable Instruments is Rights of Claim, also known as Rights of Redemption and Liens, most notably Maritime Liens. Currency based upon “Redeemable” value was most common in permitting the Property of the Instrument to be converted into a good of equivalent value, in particular gold or silver. However, most Currency based on Redeemable property has been withdrawn in favour of currency based on Liens. | ||
| The principle of Property Currency based on Liens is the acceptance by an Estate that because the property under Lien cannot be effectively “seized”, the lienholder is granted permission to monetize their right and then “sell” the debt to recoup their loss. | ||
| The significant difference between monetized maritime liens conveyed into trust and issued through the structure of Property Currency and Negotiable Instruments is that a monetized bill of exchange is not permitted to be dishonored by any merchant within the Roman system, without severe penalties. This is because Maritime liens represent the highest lien coming from the authority of the highest estates and to dishonor this authority is to dishonor the entire global Roman land, property and finance system of the world. | ||
| In each estate deliberately bankrupted and forced to issue equitable title Property Currency through a private reserve bank, the Live Birth Record of each new borne child is monetized as a bonded promissory notes and then “sold” and conveyed into a separate Cestui Que (Vie) Trust per child owned by the private reserve bank. Upon the promissory note reaching maturity and the bank being unable to “seize” the slave child, a maritime lien is lawfully issued to “salvage” the lost property and itself monetized as currency issued in series against the Cestui Que (Vie) Trust. Thus the currency of private reserve banks is only leased by the population who then pay rent in the form of interest for currency they underwrite because of the monetized maritime liens issued against them as Roman slaves. | ||
| While this system is effectively slavery, the general ignorance of the population continues to permit it to remain. | ||
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