The Office of POOFness Weekly Report:
Update from DJ:
DID YOU KNOW?
The discussions that take place with reference to the GCR/RV/Historical Bonds, have been, for years, laced with miss-truths, speculation, and misinformation. There seems to be a culture that has been developed of narratives that key in on those invested, in some fashion, to the event. These narratives are what causes the anxiety of the holders of these assets. Whether it is greed, hope, or curiosity those involved are to quick to accept a narrative that fits their individual beliefs and needs, but for some reason, common sense and logic escapes the thinking process.
If one were to use common sense and logic it only makes sense that a GCR type of event was inevitable. As humanity gradually became more educated it released untapped intellect in what, for the most part, was a suppressed and uneducated society
As in all things, we are constantly building on previous achievements. Enhancing current innovations or developing new concepts and ideas as the need for innovation is required. This happens in all arenas; technology, agriculture, medicine, construction, social development, governments, and the financial industry. We make what works better, discover what doesn’t work or fails and fill that void with innovation. Put simply we adapt and evolve.
When it comes to the GCR the reality is, whether we like it or not, we have to deal with the mechanisms that are currently deployed throughout the financial world to process and move finance and money. These mechanisms just don’t disappear and most are unaware they even exist. How the GCR maneuvers these mechanisms is where the difficulty and time issues occur.
There are dozens, if not hundreds of agencies, with restrictions and over-sites of how money is moved and reported that must be considered. F.A.T.C.A ( Foreign Account Tax Compensation Act), M.L.A (Money Laundering Act), multiple Terrorism Acts, C.H.I.P.S. (Clearing House for International Payments System which all transactions involving U.S.D must pass through), the CRS ( The Common Reporting Standard , the CRS is an information standard for the Automatic Exchange of Information or AEOI regarding financial accounts, on a global level, between tax authorities whose purpose is to combat tax evasion).
How about the infamous C.I.P.S (Cross-border Payment System) blown out of proportion by the Intel streams as the new way to transfer funds but in reality it was developed by the Peoples Bank of China and only can be utilized when settling transactions in Chinese yuan.
Another mechanism to consider is how gold is valued. Currently the gold our U.S treasury holds is based on the “statutory price of gold” at $42.22 per troy once since 1971 (look it up). Taking our currency to gold backed has been introduced In the 115th Congress (H.R. 5404) and the 116th Congress (H.R 2558) but has yet to be introduced in the current 117th Congress.
The point is the GCR is a natural evolution of economics and is more complex then the average person can conceive and has many branches to consider. The above mentioned are a drop in the bucket of the global agencies and mechanisms that control money movement. The I.T. systems required to accommodate all these nefarious mechanisms (QFS) is another chapter in itself . Evolution takes the time it takes and can’t be hurried. We should all relax and let it happen.
As for the constant flow of speculation narratives keep this in mind “Those who know don’t say and those who say don’t know” and maybe you can ease up your anxiety a bit.
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