Entry Submitted by Concerned at 9:10 AM EDT on August 3, 2021
I was lying in bed thinking about the recent zim scenarios being put out there lately. What will be the redemption value? 1:1 or just a pittance of 11 million dollars to 100 trillion zim. Or is it not going to be redeemed at all? Are the powers that be trying to steal the monetary value of our zim bonds? Why is the committee not releasing the go for the RV.? Is there plan not complete? I’m just throwing this out there as just my thoughts.
It’s my understanding that it’s illegal to redeem a bond for less than face value. You know. “Pay to the bearer” OK! If a 100T Zim bond should redeem at 1:1 or 100 trillion dollars or credits. Whatever it is within the QFS.
Just go with me here. The banker gets twenty percent off the top and supposedly the redeemer will get twenty percent of the remaining eighty percent. Where’s the missing money going? Projects or pockets? How does this spread work if we have or own projects?
Now the next scenario. No public redemption of the zim at all. The Chinese redeem it at 1:1 for the U.S. government. The good ol government keeps one hundred percent of the monetary value telling us that the zim has been taken off the table or postponed indefinitely.
They don’t even have go to the expense of disposing of the paper. We are the trash man.
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