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Entry Submitted by AndrewC at 6:56 AM ET on May 26, 2022
In the new, soon to be openly revealed QFS world money/banking system, there is confusion about the terms gold backed and asset backed when referring to the new currency. The two terms are being interchanged and used synonymously.
This is wrong.
They are NOT synonymous, And it is very important to understand the difference.
Before the new QFS system could be officially rolled out, there had to have been massive and long term preparations going on in the background.
One of the fundamental pillars of the system was the distribution of gold to every country in the world, to be held in that country’s gold bullion bank (formerly called a central bank).
How much gold will each country receive? (from where the gold originates is not part of this discussion).
And here is where the term “asset backed” is used.
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Using complex algorithms, the Alliance has determined, based on a country’s total available assets, the quantity of physical gold that each country will receive to be placed in that country’s bullion bank.
These assets can be anything from in ground minerals, intellectual property, education system, infrastructure etc.
Now, this gold will be used to “back” or support each country’s currency.
This bullion bank gold cannot be sold or traded. It is used ONLY to back and safeguard the currency.
Money can thus no longer be created out of thin air, either in paper form or digitally.
A COUNTRY’S MONEY IS NOT BACKED BY ANY ASSET OTHER THAN GOLD
So to summarize:
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- “asset backed” is used to determine HOW MUCH gold each country receives.
- “gold backed” means the safety of the currency is assured via the untouchable gold in the bullion bank.
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