Pactum De Singularis Caelum
Covenant of One Heaven
Principles
Article 37 - Capital, Markets, Assets and Currencies
Capital is the Natural Right (Ius Naturale Capitalis) to call upon the Credit of another in Trust for some benefit. Capital is the Credit one is prepared to give another in Trust that their spoken or written word (promise) is their Bond. Capital, therefore is whenever a community founded upon the Golden Rule of Law is then prepared to live honestly and according to their word, in order to form mutual trusts for the greater good.
When people do what they say and can be trusted, then a community need not have complex systems of markets, or accounting or money to validate such transactions, when providing a wide form of goods and services to one another. When such a community seeks to trade and exchange such promises of good trust as a valuable asset in itself, is there the need of a system of accounting and formalized documentation.
True Capital is nothing more than the full faith and credit between people, represented by the word Trust. Financial Capital is the replacement of True Capital through the deliberate breakdown of trust between people in order to make the money of banks the only valued token for credit. A community therefore that trusts one another and are willing to extend Credit to one another have potentially Unlimited Credit.
In the simplest sense, when people are not divided and are prepared to work together to help themselves and each other, instead of being fearful and isolated, then a community is able to restore its Unlimited Credit to make, to grow, to exchange, to trade and to prosper. Thus, the true nature of Capital is that a community rich in knowledge, respect and trust in one another is already a wealthy community with all the Credit it needs.
In contrast, when a community is divided or fearful, it must import a substitute to true Capital from another party. Thus, the predatorial model of commercial banking only functions when a community is sufficiently divided, corrupted and weakened in trust so that people rely upon the bank to provide an “artificial” form of trust being “security”.
Using “security”, a community may still be able to function and trade, yet at a greatly reduced fairness and efficiency and often having the face the consequential pain that comes with ongoing plans to keep the community deliberately divided including (but not limited to) war, conflict, drug addiction, immorality and delinquency. Security is therefore not the same as Trust. The words have completely different meaning. The strength of security is underwritten by threat, by demand, by penalty and pain, whereas Trust needs no terror or fear to function. A system that is not based on true Capital cannot be properly called Capitalism, just as a system based on Security must be defined properly as Cronyism.
A Market may be defined as a trusted space (virtual or real) where buyers and sellers may exchange goods or services. A Market then is in essence nothing more than a space (real or virtual) where 3 or more buyers and sellers may exchange goods or services and settle accounts between one another.
There are four Basic Elements that define a Market in addition to the existence of three or more buyers and sellers, namely Market Rules, Standard Unit of Measure, Accounts & Bookkeeping and Conversion and Settlement of Accounts:
(i) Market Rules means that a space or place cannot possibly be a market unless it possesses the most essential of Rules based upon the Golden Rule of Law of equality, fairness and trust; and
(ii) A Standard Unit of Measure means there are consistent standards of valuation across a market so “like can be exchanged for like”. This standard unit is what is most commonly called Money; and
(iii) Accounts & Bookkeeping is the inescapable and necessary fact that the accounts being the registers of title and ownership are intimately linked to the operation of any market, including the certificate of proof of transaction; and
(iv) Conversion and Settlement of Accounts is in essence the clearing mechanism of trade, that requires the ability of initial conversion, the ability to trade, the settlement of accounts and then the redemption of any remainder back into some portable form to be withdrawn from the market, if one chooses.
In contrast, a space or place is not a Market when certain buyers and sellers have an unfair advantage or gain. Instead, such a place where certain buyers or sellers possess an opportunistic or systemic unfair advantage over another is not a Market but a Pyramid or Ponzi Scheme.
When a community Market is deliberately corrupted, starved and divided in trust, then the wealth of the community is usually able to be exploited, resulting in the loss of assets, jobs, productivity and quality of living.
A Fund is a sum of units of monetary value, recorded in one or more designated accounts, set apart for a term of years, and for one or more specific purposes.
A Fund enables the “conversion” of the value of one or more underlying Rights held in Trust into a Special Asset that can then be used to discharge debts, or borrow “money” and settle accounts. The units of the Fund, usually in the form of Stock Certificates or Convertible Notes then provides the means whereby debts may be discharged.
A Fund therefore enables multiple transactions to be performed against the same underlying value of one or more Rights held in Trust as well as the maximization of the value of such a Trust
An Asset is a sum of units of monetary value, recorded in one or more designated accounts, available for the discharge of a debt and not yet assigned to a specific purpose.
Unlike a Fund whereby the Stock Certificates or Convertible Notes may be exchanged to discharge or secure a given debt as a “share” of the total value of the underlying Trust, an Asset takes the complete account value of a given Asset, as proven by a certificate and makes it all available as underwriting for a given debt.
Thus, when an Asset is like a Bond or Note involving the periodic payment of interest or recoupable financial return, then this is called a Performing Asset.
Currency, in its full potential is ultimately four things: A Standard Unit of Measure; and a Means of Exchange; and a Trusted Unit of Value and a Redeemable Unit of Value back into an Asset.
As a Standard Unit of Measure, Currency enables the creation of equivalent values as prices for different goods and services. However, this is only functional within a market of goods and services. On other words, this attribute only applies to when money is the standard unit of measure of a Market; and
As a Means of Exchange, Currency enables the exchange of equivalent values derived from the purchase and sale of different goods and services. Again, this attribute only functions when money is an attribute of a Market and Accounting System, not the other way around; and
As a Trusted unit of value, Currency enables confidence not only of trade, but reliability of prices of goods and services and thus the use of money as a store of value (credits). This attribute also is dependent upon the Market and not the other way around as a valuable store of value that cannot be redeemed, is therefore limited in use to the Market and conditions upon it; and
As a Redeemable unit of Value into some form of portable asset, Money enables the redemption of units back into some asset of value, enabling it to be used in other markets. This is where the popularity of gold and silver as a basis of money have come into use via coins from time to time, because even if the denomination of the currency is not recognized in a foreign market, the base metal as something of value usually is. The problem of course with gold and silver over the ages is that as commodities, they have been extremely prone to deliberate market manipulation – and continue to be used as levers to manipulate the values of other goods and services to extract profits by those with sufficient reserves to manipulate non-markets.
There exists five primary types of Currency being Ecclesiastical, Public, Private, Credit and Personal:
(i) Ecclesiastical Currency is any form of Money or Currency issued in accord with the present sacred Covenant. Ecclesiastical Money is the most valuable form of Currency and as all present systems of money are ultimately derived from claims of dispensations or indulgences, all present systems of money and currency owe their existence and validity in accord with the present sacred Covenant and no other; and
(ii) Public Currency, also known as Public (Lawful) Money, is money issued against assets held in trust and properly accounted within one or more markets. Also known as “in specie” meaning “in actual form”, the most common form of Public Money is coin; and
(iii) Private Currency is Money issued under license and privilege by a party holding assets within the market, usually under an exclusive license such as a Bank having its notes treated “as if” public money; and
(iv)Credit Currency, is Money issued by the bylaws of a party holding assets within the market, whereby the face value, and redemption of such Currency is only good for that particular market; and
(v)Personal Currency is Money created against the trust and capacity and standing of a person, usually backed by a bond or promissory note.
In contrast, “Legal Tender” means units of measure that must by law (within a market) be accepted if offered in payment of a debt. However, Legal Tender does not mean that the units are proper money. A standard unit of measure is not money if (1) it cannot fairly be exchanged; or (2) it is not a proper unit of value and account against some valid assets; or (3) it cannot be redeemed (converted) into an asset of value.
Gold, precious metals and gems have held great value within civilizations for thousands of years as symbols of Ecclesiastical and Temporal Power, as well as objects of perceived value, suitable as a direct form of money or underwriting for a currency system.
Yet gold, precious metals such as silver and gems such as diamonds have also been responsible for great misery and injury as the god of the Roman Caesars in opposition to the Divine Creator (as referenced in the New Testament); the false god of the Israelites (golden calf) in opposition to Yah; the false god of the MenesHeh in opposition to Sabaoth (Satan); one (1) meaning of the “G” of Freemasonry; the cursed medium into which the “salvaged souls” by the banks and courts of the Roman Death Cult falsely condemned spirits since 1543; the wrecker of civilizations and cause of great depressions as “lawful” money.
No other medium than gold has caused so much suffering, so much war or grief. No other medium or material has been associated with so many curses. No other object has been proven to be the very worst material for underwriting “lawful” money through indisputable evidence of its use by a small cabal of bankers and merchants to beguile, usurp and collapse empires with it. Yet despite all these warnings, including more scriptural warnings than any other substance across more faiths than any other material, Gold remains a substance worshipped by hundreds of millions, in absolute contradiction and defiance to their faith.
While the use of gold as a form of currency and portal wealth dates back to the time of the swamp pirate Menes Ramses Kings of Egypt, the production of gold and any association with the fictional concept of debt was always considered public until Rome around 60 to 62 BCE. Indeed, the Greek city states and many other civilizations were minting and using gold coins as currency for hundreds of years prior, such as the city of Lydia, without causing economic depression.
The historic difference is what took place in 60 to 62 BCE in Rome when Julius Caesar sought to “purchase” control of the Roman Empire with the help of the Menes pirates, now merchants and bankers, who controlled the Temple of Juno. In exchange for “privatizing” the money supply of Rome from base metal coinage to gold and granting them exclusive and perpetual production of coinage, they agreed to underwrite his campaigns.
Thus 60 to 62 BCE represents the actual “zero point” for the creation of lawful money by the Menes bankers / merchants by seizing control of the public money supply to make it private, using gold as the spell and illusion. Within two (2) years the whole Roman Empire was in financial crisis and Civil War erupted. So with the creation of “lawful money” – by permitting an elite class of pirates with historically no conscience, ethics or beliefs to control the money, using gold, Empires could be brought to their knees. The Temple of Juno was called Juno Moneta and is the origin of the word “Money” and the first Private Central Bank.
It is an indisputable fact that Gold remains the father god of the Parasite, the descendants of the swamp pirates known as Menes of the Nile and the land pirates known as the Khazars.
Their obsession, devotion and duty to their primary god and lesser gods in the form of other precious metals and gems have seen them fanatically contol as many sources and to continue to use their stockpiles to corrupt, to entrap and to ruin empires over the centuries.
As gold is the primary god of these pirates and parasites, they stand in open defiance of all spiritual forces, both traditionally light and dark, who have now united under this new Covenant.
As a mark of this most sacred Covenant, it is time to slay this false idol, this false god and all the false gods of this pantheon.
Just as when salt loses its taste it is worthless, so it is hereby commanded by the full authority and power of the Divine Creator and all Angels, Demons, Saints and Spirits of United Heaven that all forms of precious and rare metals, including (but not limited to) gold, silver, platinum and palladium and all precious and rare gems are fobidden to be used as a direct medium of money.
Nor may these rare metals and gems be used as a store of value or any form of underwriting of currency or negotiable instruments of any kind.
Therefore, let it be known throughout Heaven and across the Earth that the great stockpiles of gold and precious metals of the Pirates and Parasites, their great stores of precious gems are hereby rendered worthless and may never again be used to corrupt the currencies and systems of money of the world.
Until the end of the Year of Redemption being UCA E1:Y2:A1:S1:M30:D1, also known as [Sat, 21 Dec 2013], the Estates of Members who are associated with carnated Level 6 Higher Order Living Beings are permitted to define the stock of the Estate in terms of a Holy Scrupals being 1.44 grams of Gold per Scrupal in honor of the oldest standard currency of civilization.
The use of gold, silver or any form of precious gems as currency, medium of exchange of a form of money is hereby forbidden, reprobate and not permitted to be revived after the end of the Year of Redemption beginning UCA E1:Y2:A1:S1:M30:D1, also known as [Sat, 21 Dec 2013].