Post by sandi66 on Mar 6, 2011 12:58:58 GMT -5
GLOBAL SETTLEMENT FOUNDATION
Global Settlement Corporation, Protector
www.global-settlement.org
The Global Settlement Foundation
Finality of Settlement – that which preserves the World™
Part I
Introduction to the GSF System
and
A review of the world situation
The Global Settlement Foundation
www.global-settlement.org
gsf@gsf.li
Registered Address
Global Settlement Foundation (Panama)
Plaza Obarrio Oficina 202
Avenida Samuel Lewis
Ciudad de Panamá
República de Panamá
Mailing Address
Global Settlement Foundation
Postfach 73
CH 6314 Unterägeri
Switzerland
Published by
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Panama
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Contents
Table of Contents
The Global Settlement Foundation........................................................................................................1
LICENSE....................................................................................................................................................2
Contents...................................................................................................................................................3
DEFINITIONS............................................................................................................................................6
Global Standard™............................................................................................................................6
ONE GLOBAL™ (Prefix: G, Currency code: GLO)...........................................................................6
ONE ISLE™ (Prefix: S, Currency code: SIL)....................................................................................6
ONE AURIC™ (Currency code: AUR)..............................................................................................6
ONE AGRIC™ (Currency code: AGR)..............................................................................................6
GLOBAL SETTLEMENT FOUNDATION (GSF).................................................................................6
GSF System.....................................................................................................................................6
PUBLIC NOTICE .......................................................................................................................................7
CLAIM OF RIGHT.................................................................................................................................7
NOTICE OF CLAIM...............................................................................................................................7
Operational effects of our rights and powers.............................................................................8
The Global Isles Declaration ......................................................................................................10
Summary and conclusion............................................................................................................10
The Global Settlement Foundation – an overview............................................................................11
The GSF System ....................................................................................................................................12
Technology review................................................................................................................................15
Voucher Safe – a technology for Instant Message payments.......................................................15
Loom Technology and its Frequently Asked Questions................................................................16
What is Loom?..............................................................................................................................17
What is an Asset?.........................................................................................................................17
How do you transfer assets in Loom? .......................................................................................18
How do I sign up?.........................................................................................................................18
What can I do after signing up? .................................................................................................18
Why do you call it a Folder? .......................................................................................................19
Why do I log in with only a passphrase? Don't I have to enter a user name? ......................19
How do I invite someone else into Loom? ................................................................................19
How do I add an asset type to my folder? .................................................................................20
What is an asset description and where do I get them? .........................................................20
How do I send assets to a contact? ............................................................................................21
How do I claim assets which one of my contacts sent to me? ................................................21
Do you have an API for software developers? ..........................................................................21
Can I download or view the Loom source code? ......................................................................21
Are there assets issued by GSF System members?...................................................................21
Conclusions regarding Loom Technology .....................................................................................22
Trubanc.............................................................................................................................................22
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Separation of issuer from retail payments.....................................................................................22
The Global Standard™............................................................................................................................23
The Physics of Finance.....................................................................................................................23
What is Settlement?.........................................................................................................................25
An Illustration of Settlement......................................................................................................25
An analysis of the effects of the lack of the finality of settlement..............................................27
The greatest crime against humanity .......................................................................................27
Selling your children into slavery.........................................................................................27
The corruption of the justice system.........................................................................................28
Common Law – The Law of the Land.....................................................................................28
A republic or a democracy?....................................................................................................29
Lawful money ..........................................................................................................................29
The rise of Roman statutory law and administrative, admiralty courts...........................29
The denouement of the end game..............................................................................................30
The mechanism of the theft of the lands and homes of the people..................................30
How interest rates are set ......................................................................................................31
The surge in US Treasury liabilities......................................................................................31
The failure of government bonds..........................................................................................31
The worldwide demand for Euros and the upcoming failure of the European Union....31
The legal battles in the world financial war.........................................................................32
Further analysis.......................................................................................................................32
The Law vs Legal Plunder......................................................................................................................33
An Act vs The Law............................................................................................................................33
Legal Plunder....................................................................................................................................34
A Tutorial on Fraud..........................................................................................................................34
Step 1: Fraud in the Inducement ...............................................................................................35
Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft .....................................35
Step 3: Theft by Deception and Fraudulent Conveyance.........................................................35
Fraud in the Corridors of Power......................................................................................................36
Effects of legal plunder -The corruption of the world economy.................................................37
The stock market.........................................................................................................................37
Venture capital............................................................................................................................37
Company executives....................................................................................................................38
Retirement plans..........................................................................................................................38
Real Estate....................................................................................................................................38
Payment systems.........................................................................................................................38
Manufacturing .............................................................................................................................39
Producers.....................................................................................................................................39
Central Banks...............................................................................................................................39
Courts............................................................................................................................................39
Prisons..........................................................................................................................................39
Education......................................................................................................................................40
History .........................................................................................................................................40
The police and the military.........................................................................................................40
Notice of Claim of Right to Return to the Rule of The Law..........................................................40
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What is a Claim of Right?.............................................................................................................40
Declaration of the Scottish Convention of the Estates ............................................................41
Claim of Right and the Foundation of the Global Isles.............................................................45
World market overview........................................................................................................................48
The Dow/Gold ratio – the best prognosticator of our time..........................................................48
The scamming of the people, politely “the business cycle”....................................................48
Reading the Dow/Gold for 2010..................................................................................................49
Financial World War.........................................................................................................................50
The collapse of banks...................................................................................................................50
The upcoming failure of electronic bank liabilities......................................................................51
Collapse of UST bill yield.............................................................................................................51
The instant doubling of the Monetary Base..............................................................................52
The term deposit facility at the Federal Reserve......................................................................52
The Collapse and its Effects..............................................................................................................54
Collapse of world trade................................................................................................................54
The failure of large corporations...............................................................................................56
A thought experiment on price discovery and price manipulation..................................56
Further effects.............................................................................................................................56
Saving The Nest Eggs............................................................................................................................58
GSF System News ..............................................................................................................................58
SWANsat............................................................................................................................................58
NEPAD Council..................................................................................................................................60
Voxinet..............................................................................................................................................60
Rayservers.........................................................................................................................................61
The Swiss Forex Marketplace.....................................................................................................61
Swiss Bullion Infrastructure.......................................................................................................62
Gold Global bearer bonds and unit trust...................................................................................62
Bearer bonds and unit trust...................................................................................................62
Tier 2 Dealers wanted.............................................................................................................62
Further material on the finality of settlement...................................................................................63
Part II – Memorandum of Law....................................................................................................63
Part III – The Global Mint............................................................................................................63
Part IV – Re-introducing finality of settlement........................................................................63
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GLOBAL SETTLEMENT FOUNDATION
Global Settlement Corporation, Protector
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DEFINITIONS
Global Standard™
The Global Standard™ gives material shape to the principle of
lawful money that men must deal with each other by lawful
voluntary trade and give value for value. To trade by means of
lawful money and lawful voluntary contract is the code of
civilized men of good will. The Global Standard provides a fully
functional worldwide monetary system.
ONE GLOBAL™ (Prefix: G, Currency code: GLO)
One gold Global™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure gold.
ONE ISLE™ (Prefix: S, Currency code: SIL)
One silver Isle™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure silver.
ONE AURIC™ (Currency code: AUR)
One AUric™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure gold. The AUric is
the pan-African gold currency for countries of the African Union.
ONE AGRIC™ (Currency code: AGR)
One AGric™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure silver. The AGric is
the pan-African silver currency for countries of the African Union.
GLOBAL SETTLEMENT FOUNDATION (GSF)
The Global Settlement Foundation (GSF) is an independent, international non-profit
organization that provides finality of settlement for global trade. The GSF is registered as a
Panama Private Interest Foundation on microfilm #26624, and is, by claim of right an
international, free standing, non-profit organisation that exists for the good of mankind.
GSF System
The GSF System comprises companies, trusts and individuals that are members of the GSF (GSF
System members or “the companies”) who trade with each other using traditional paper and
electronic contracts.
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PUBLIC NOTICE
CLAIM OF RIGHT
The Global Settlement Foundation, “GSF”, is a free standing, international, non-profit
foundation with living and statutory trustees, the statutory trustee being a Panama private
interest foundation. The well regulated powers2 of the Global Settlement Foundation shall be
used to claim, defend and protect the property and rights of all the People of the Global Isles3.
The GSF gives notice that it shall operate under Natural and Common Law as interpreted by a
court of record4 with competent jurisdiction with all rights, powers and privileges so reserved.
The GSF makes a claim of right5 to provide customary and traditional custodial service.
The right of the GSF to protect the patrimony6 entrusted to its care and its right to maintain
privacy and secrecy7 shall not be hampered, any statutory prohibitions notwithstanding.
The right of the GSF and its members to be secure in their persons, their property, their papers,
their correspondence, and their freedom of expression shall not be hampered.
All rights, privileges and powers reserved, including but not limited to rights under
common law or statutes, those declared in the UN declaration of human rights, our right
to protect our life, liberty and property that is ours by right, any statutory prohibitions
notwithstanding.
NOTICE OF CLAIM
1. The GSF gives public notice that it is not a bank or banking system.
2. The GSF gives public notice that a pervasive, deliberate, and malicious system of fraud
corrupts all regulators, courts, governments, banks and banking practices. Take notice
and govern yourselves accordingly.
3. The GSF System, by claim of right, issues lawful money that implements finality of
settlement.
4. By right, the GSF shall trade in gold, silver and other goods without let or hindrance
from any third party.
2 As published in our Memorandums of Law that shall be in harmony with Natural and Common Law.
3 The people of the Global Isles shall be those that adopt the Global Isles Declaration to live in accordance with Natural and
Common Law – each of them self-sovereign, awake and aware, mature adults who know the difference between what is
lawful and what is merely legal. For the definition of Global Isles see footnote 10.
4 One of the characteristics of a court of record is that the tribunal is independent of the magistrate. See
1215.org/lawnotes/lawnotes/courtrec.htm – as is also applicable to Natural and Customary Law anywhere in the
world. The only valid tribunal is either the sovereign plaintiff or a fully empowered jury of peers – a jury composed of men
and women of the people, not those who think of themselves as citizens owned by their State.
5 Historical and contemporary precedents and further claims are located on page 40.
6 Property or lawful money, goods and contracts entrusted to the Global Settlement Foundation. First by Natural Law, and as
affirmed by Panama Law, the patrimony of the GSF shall be held in allodium and not subject to seizure, attachment &c.
7 The right to privacy is a fundamental right of any living decent man or woman.
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5. The GSF, by right, shall create maintain and operate a system of lawful money8 and hold
funds upon trust for all its members any statutory prohibitions or licensing
requirements notwithstanding.
6. No entity has the power to restrict lawful money. This is Natural Law.
7. The GSF System members shall, by right, deal on a pass-through “as-is” basis with bank
liabilities to pay legal tender, bank credit, bank margin facilities, legal tender, contracts,
shares of statutory entities, &c. The rights of the holders of such instruments obtained
by lawful, non-fraudulent means to trade these for lawful money or goods shall not be
hampered, any statutory prohibitions or mandatory licensing requirements
notwithstanding.
8. The GSF, per Natural Law and Panama Law, protects the patrimony of the foundation for
the benefit of its beneficiaries. The GSF, to satisfy its requirement by Natural Law and
Panama Law to maintain a method of determining its beneficiaries, uses a
cryptographically secure method of determining its beneficiaries. All circulating assets
issued by the GSF are met by 100% reserve and thus in full compliance with natural and
customary law. By the laws of mathematics employed in cryptographic techniques, the
GSF cannot disclose the ultimate beneficiaries of such funds.
9. By operating according to the Law of the Land, Customary and Natural Law, protecting
the property of its beneficiaries no matter where or who they may be, by denying the
entrance into its patrimony funds whose origins are of criminal or fraudulent9 origin,
the Global Settlement Foundation hereby becomes by claim of right, an international,
free standing, non-profit organisation that exists for the good of mankind.
Operational effects of our rights and powers
The GSF will operate under International Common Law: “We shall not harm or cause loss to
another – which is the essence of the Law”. The GSF and its personnel are neutral non-combatants.
Our people shall travel freely without restrictions upon the face of these Global Isles10. The GSF
shall by claim of right by law issue identification such as passports for the decent people of the
Global Isles.
1. Any party who orders our personnel without a valid voluntary common law contract will
receive a bill deliverable in lawful money that is gold.
2. Any party that attempts to create bills of exchange by the application of statutes11
8 Lawful money is lawful substance. It is the opposite of “legal tender” issued by the process of circular fraud.
9 Including, but not limited to funds originating from non-voluntary or fully informed contracts, fraudulent deception,
fraudulent conversion, crimes against humanity including the theft by fraud and war of the people's gold and properties,
identity theft by fraudulent deception, use of mathematically impossible debts designed to defraud, plunder by passport or
mandatory identity requirements, legal plunder of any type, looting of sham democracies/republics, profits of corporate
courts acting under the colour of law. Speaking on the so called courts, Richard Miles says: “There is no law here, only
indulgences”. "Fraud: An intentional perversion of truth for the purpose of inducing another in reliance upon it to part with
some valuable thing belonging to him or to surrender a legal right." Black's 5th, 594 (emphasis added.) . "Fraud maybe
committed by failure to speak, but a duty to speak must be imposed," Dunahay v. Struzik, 393 P.2d 930, 96 Ariz. 246 (1964).
10 The Global Isles shall be defined as anywhere where sentient beings can breathe. Thus, it includes ships, submarines,
spacecraft, continents, and islands of the earth.
11 Statutes: We note the use of statutes as a process of creating bonds by coercion in sham courts.
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designed to defraud, will be sued in a court of record and/or at the option of the injured
party, use any lawful or statutory remedy.
3. The GSF will create and maintain common law courts of record. Such courts will be
superior courts12. The administrative “courts” currently in operation worldwide are
sham courts.
4. Any party that hinders GSF personnel from travel, restricts their rights or liberties or
prevents them from carrying out their duties could be subject to the issue of an on-thespot
arrest warrant under international common law for the full commercial value of the
offender's statutory bond.
5. Children and minors of the GSF community shall be protected from the vampires of the
State. All mandatory schooling requirements are void on their face and parents are the
only lawful custodians of their children. Any party that attempts to enforce the
deception of contemporary education13 upon the children of GSF personnel will be
subject to vigorous prosecution. The results are all around you – not one grown up man
or woman in a hundred can tell you where from or how the “money” in their bank
account comes into existence, and the pillage of legal plunder is rushing the population
blinded into ignorance by “education”, into war.
6. All GSF members and People of the Global Isles shall be free to adopt any philosophy or
religion of their choice that is in conformance with Natural and Common Law and shall
not be obliged to answer any census or religious reporting requirements. The GSF shall
be a secular institution.
7. GSF members shall be free to use any name in conversation or business that is
convenient so long as there is no intent to defraud the other party. The choice of name
to be referred to in communication with other parties is a fundamental power of all
living people.
8. Any party who have themselves committed crimes against humanity and run
institutions of legal plunder who attack us will be defended against and/or prosecuted
by all lawful means. We do not intend to, or need to attack them, for they and their kind
are their own worst enemies.
9. We shall be the embodiment of the principle of of forgiveness: Amnesty and forgiveness
will be available to those who renounce their actions, forswear other oaths, adopt the
Global Isles Declaration and pledge their ill gotten gains into the hands of the productive
entrepreneurs of our Global society.
10. A Memorandum of Law is being prepared which will be served upon all Heads of State,
courts, international bodies, monarchies, leaders of corporations, entrepreneurs and
news agencies.
11. Please notice that the GSF does not grant interviews. All questions can be sent in writing
to gsf@gsf.li.
12 See 1215.org/lawnotes/lawnotes/courtrec.htm
13 See Underground History of American Education by John Taylor Gatto:
www.johntaylorgatto.com/underground/toc1.htm
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The GSF on behalf of the living men and women who give it life, hereby makes a claim of right
to the exemption of the living from the statutes of dead corporate fictions such as NATION
STATES run by the parasites of the planet who produce nothing and have lost their mandate to
govern14. They who have lived by fraud have no claims upon us and their fruits of plunder are
not welcome in our society. “By their fruits, ye shall know them”.
The Global Isles Declaration
“I, a decent individual declare that I am aware that my Being is grounded in Truth, and that I
live, move and Become upon these Global Isles on the third planet from our lovely Sun. I hereby
consciously claim my inherent right to exist, create and dispose of my creations without
causing harm or loss to any other individual or person and so do hereby proceed to unfold my
life, liberties and happiness.”
Summary and conclusion
“There are,” he says, “two consequences in history; an immediate one, which is instantly recognized, and
one in the distance, which is not at first perceived. These consequences often contradict each other; the
former are the results of our own limited wisdom, the latter, those of that wisdom which endures. The
providential event appears after the human event. God rises up behind men. Deny, if you will, the
supreme counsel; disown its action; dispute about words; designate, by the term, force of circumstances,
or reason, what the vulgar call Providence; but look to the end of an accomplished fact, and you will see
that it has always produced the contrary of what was expected from it, if it was not established at first
upon morality and justice.”
Chateaubriand's Posthumous Memoirs
All rights, privileges and powers reserved.
14 Historical and contemporary precedents and further claims are located on page 40.
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GLOBAL SETTLEMENT FOUNDATION
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The Global Settlement Foundation – an overview
The Global Settlement Foundation (GSF) is an independent, international non-profit
organization that provides finality of settlement for global trade. The GSF System includes the
GSF, duly appointed prime dealers, foundation members, lawful15 processes and deliverable
units. These trade in a cryptographically neutral marketplace.
In the Global Standard™, one Global™ is
defined as 0.1 gram of gold by mass
deliverable as 0.999 or better fine gold, and
includes retail delivery of 0.9999 pure gold 1
Kg bars marked 10,000 Globals, high value
coins designed for circulation and low value
coins and notes.
All circulating physical Globals contain at
least 70% of the face value amount of gold
with the balance stored in the GSF vaults.
Counterfeits are impossible without the gold
content – an elegant solution.
GSF enables the physical and lawful processes that facilitate creation and movement of goods
and services, including the necessary infrastructure to allow entrepreneurs and investors who
use Globals to create and use a real-capital stock market that allows the pricing function in the
marketplace to price risk. The genius of the west – lawful real-money stock markets16 – will
once again return to the service of mankind.
In this overview we cover the GSF System, the World Markets, GSF System News, and the issues
of law, fraud and lawful money. There is good news and there is bad news – the bad news is that
the information on the markets, fraud and law is sobering, if not downright scary.
The good news is that once you comprehend the issues, you and your organization will be able
to protect the precious purchasing power that constitutes your savings and working capital so
you can continue to generate wealth. We concentrate on empowering you to put the
purchasing power that gold, commodities, real-estate, inventory and finished products
represent to work. We have experts in Austrian economics, world markets, software
architecture, cryptographic technology, law, and legal structures who can assist you and your
ventures.
15 Lawful means conformable to the principle, spirit, or essence of the law, and is applicable to moral as well as to juridical
law including Natural and Common Law and shall specifically exclude methods of legal plunder. See The Law, an essay by
Frederic Bastiat, first published in 1850, available at www.rayservers.com/the-law.
16 See Physics of Finance in The Global Standard chapter.
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The GSF System
The GSF System is designed to support a full economic system with no central monopoly,
including that of issuance of money.
The system mobilizes bullion, raw material, commodities (oil, steel, copper, wheat, etc.),
inventory, real-estate both commercial and residential – all forms of real wealth, and makes
them forms of money that can be traded among real people without the intervention of the
issuer.
Companies that produce goods will be able to sell their production forward, bonds can be
issued by them payable in the goods they produce, commercial real estate can be operated by a
management company and the ownership and the dividend income traded. Expensive items
like a particular model of a luxury car marque can also be sold forward as say 100,000.00 units
that represents one car.
The velocity of trade will increase, the parasitic destruction of wealth generation by the
current form of intentional financial fraud will be reversed, and the path towards global war
diverted even at this late hour.
The GSF System's cryptographically neutral marketplace will have multiple issuers, buyers and
sellers. It is based on a peer-to-peer model where buyers and sellers of a particular token
directly interact with each other without having to involve the issuer.
For instance a retail truck stop chain could issue units that represent litres of diesel of a
particular grade. Truckers could purchase and store these units in their electronic wallet so
they know in advance that they will receive the needed diesel for operational needs that month
and the operator of the truck stop chain can gauge demand, purchase and move inventory as
necessary.
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A trucker with diesel units may be able to purchase milk from a farmer who has issued milk
units directly in diesel units – if the two parties come to a mutual voluntary contract to do so.
The marketplace will naturally re-discover that gold is the best form of “money” as it is the
substance that gives material shape to the principle of money.
Market Participant (Go to link and see diagram)
Tier 2 Dealer
Electronic Peer-2-Peer Token Marketplace
Oil Company
Producer Prime Dealer
Global Settlement Foundation
Tier 1 Dealer
GSF
emits
SKRs
For Vaulted Gold
As Globals
Prime Dealer
Globals
Prime Dealer
Units for
USD/EUR
And other
Bank liabilities
Tier 1 Dealer
Units Vaults
GSC
CDB
CDB CDB
Glossary / Explanation
GSC: Global Settlement Corporation
CDB: Cryptographic Data Base
SKR: Safe Keeping Receipt
Untis: Represented by Signed Digital
Certificates
Commodity Contracts
Safe Keeping Receipts
Tokens, Notes &
Units
GLOBAL SETTLEMENT FOUNDATION
Global Settlement Corporation, Protector
www.global-settlement.org
A trucker with diesel units may be able to purchase milk from a farmer who has issued milk
units directly in diesel units – if the two parties come to a mutual voluntary contract to do so.
The marketplace will naturally re-discover that gold is the best form of “money” as it is the
substance that gives material shape to the principle of money.
An issuer emits cryptographically signed units that are handled by a data robot that stores the
units with pay-for-storage nodes via a pay-for-traffic peer-to-peer network. Market boards
offer marketplace participants a space to advertise their bid ask spreads on marketplace units.
End users and issuers utilize user-interfaces to the distributed system. Multiple profitable
entities can compete with each other to provide each of the above services.
The architecture ensures that there is no single point of failure and that no units are lost. It
also provides the means for a robust economy to develop that supports technology such as
economically viable self-extending wireless mesh networks that will reduce the cost of internet
and voice communication access. Imagine a wireless internet router that you buy, plug in and it
pays for itself and allows ultra cheap network edge gadgets to proliferate that extend the mesh
further!
The peer-to-peer system is directly suited to implement the real-bills system of Adam Smith.
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A trucker with diesel units may be able to purchase milk from a farmer who has issued milk
units directly in diesel units – if the two parties come to a mutual voluntary contract to do so.
The marketplace will naturally re-discover that gold is the best form of “money” as it is the
substance that gives material shape to the principle of money.
Market Participant
Producer Product / SKR /
Commodity Contract
“Units”
Market Participant
P2P Network
Pay for Traffic
Paid
Storage
Node
Paid
Storage
Node
Paid
Storage
Node
User Interface
“Wallets”
for
Trading Units
Viewing the Marketplace
Storing Data
Transaction History
Issuing Units
Inventory Management
Business Management
Data Robot
Offers
Storage and Trade
Of Encrypted Units
Market Board
Advertises
Bid/Ask
On
Unit Pairs
GLOBAL SETTLEMENT FOUNDATION
Global Settlement Corporation, Protector
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Lawful discount houses will arise to discount lawful bills of exchange and inject real-money
into circulation. All the creative genius of Wall Street can be implemented within this system
with lawful and deliverable units of account being the natural check against fraudulent
contracts.
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Technology review
Voucher Safe – a technology for Instant Message payments
The graphic above describes open source software developed by one of our technology
partners. One of the independent issuers, Pecunix, works closely with the GSF. One of the GSF's
prime dealers is Rayservers. Rayservers is also a Pecunix PREO17. The GSF, its prime dealers and
others will also participate in this system. The Voucher System creates a part of the technical
infrastructure necessary to operate the GSF System. The terminology used in the graphic is
described below:
• The Issuer: this is the party who stores the assets backing the vouchers. The Issuer is
17 pecunix.com/money.refined...ref.preo
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responsible for keeping track of all vouchers in circulation, assigning their serial
numbers, and ensuring that the aggregate weight or value of all vouchers does not
exceed the backing. The Issuer knows nothing about users or owners, only voucher
amounts and serial numbers.
• The Voucher Publisher (VP): the VP processes all voucher transactions, signs all
vouchers with its private key, and encrypts each with the public key of the owning
voucher safe (VS). It also issues signed usage tokens (bought with vouchers) and permits
other system components to redeem accumulated tokens for vouchers.
• The Secure Data Store (SDS): the SDS is a place to store vouchers, tokens, payments,
receipts, and VS login records. The records stored on it are always encrypted and
opaque to the SDS. The SDS earns tokens for storing data.
• The Distributed Hash Table (DHT): the DHT is a place to store temporary data (defined
as one week or less). It is used as an out-of-band communications medium for messages
between voucher safes, or between the VP and a VS. Like the SDS, the DHT earns a token
for each record it stores, and only stores opaque blobs which are public-key encrypted.
• The Public Key Server (PKS): the PKS is a repository for two things: the public key
certificate of each voucher safe in existence, and a Certificate Revocation List (CRL),
upon which revoked certificates are placed when their safes are closed. It allows key
lookup from any peer, while update transactions (adding or revoking certificates) can
only be performed by the VP. The PKS is the house elf of its associated VP, and does not
earn tokens.
• The Openfire18 Server (OFS): this is the end user's doorway into the system. It is, first
and foremost, a Jabber19 server, and handles normal chat traffic in addition to voucher
system-related traffic. It has a plugin which extends XMPP20 to support p2p voucher
messaging. The OFS manages VS logins, and once a safe has logged in successfully,
provides it with network discovery so that it can access the PKS, SDS, and DHT directly.
The OFS also acts as a firewall for the VP, to which users never speak directly. The OFS
earns a portion of tokens paid to perform various voucher operations.
• The Voucher Safe Client (VSC): this is a Spark21 Jabber client, likewise equipped with a
special plugin that allows it to log into a safe and perform voucher operations.
The Voucher Safe technology is in private deployment. Fully functional currencies issued by
several companies will quietly commence operation in the first half of 2010.
Loom Technology and its Frequently Asked Questions
The technology for Loom is created and developed by Patrick Chkoreff. Others at the GSF have
provided critical infrastructure and enhancements to the paradigm that make this technology
one of the most fundamental architectural blocks for a scalable, decentralized, laissez faire,
peer-to-peer, free marketplace to emerge. The technology is developed in the Pearl computer
programming language and is open source.
18 www.igniterealtime.org/projects/openfire/index.jsp
19 www.jabber.org
20 XMPP is a jabber instant message protocol.
21 www.igniterealtime.org/projects/spark/index.jsp
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What is Loom?
Loom is a system which enables people to create, move, and trade assets however they like.
The Loom system creates a virtual space where 2128 kinds of assets can move in 2128 locations...
allowing you to hide the assets you care about in a nook of the universe – a giant combination
lock crossed with a general purpose accounting abacus.
What is an Asset?
In the real world, an asset is a thing which has value to human beings. Typically assets are
commodities which can be produced, measured, and traded in various quantities. Some
examples are bushels of wheat, pounds of coffee, pounds of copper, grams of gold, or kilowatthours
of electricity. An asset can also be totally unique, such as a specific house, piece of land,
or work of art.
In Loom, a specific type of asset in the real world is represented by a unique and distinct
identifier, also known as an ID. For example, the asset ID a11590550d42888981be659b0451dba2
might represent bushels of wheat stored in silos managed by a reputable storage company,
available for delivery on demand. The asset ID 5690a4d3a527ff18d3c168884e8a2d63 might
represent kilowatt-hours of electricity produced by a specific power company. The asset ID
2fcb2b81bb96bb51cec88edcb4b9a480 might represent shares of ownership in that power
company.
The Loom system itself knows absolutely nothing about the meaning of assets issued within it.
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Private location
Shared location
Private location
Loom assets behave like cash
Payer takes the asset from his private location “wallet” and
places it “on the counter” for the payee to pick up and put in her
private “cash register” location.
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All "meaning" is held solely in the minds of users. Loom is merely a utility which provides a
standardized service in a very reliable way, like phone service. Loom is a provider of "economic
dial-tone."
Any Loom user can create a new asset type and ascribe any desired meaning to it. That user can
then issue new units of the asset type into existence. But that doesn't give the issuer a free
lunch. Other Loom users will value that asset only if they can trade it reliably for something
valuable in the real world, or for another valuable Loom asset. This kind of value cannot be
created out of thin air. It is built on reputation, integrity, reliability, productivity, and service.
Probably most users will deal only in asset types created by other trusted issuers, and will not
bother creating new asset types of their own.
How do you transfer assets in Loom?
In the real world, assets have locations in the physical universe. The assets just sit there until
someone moves them somewhere else. Same kind of thing in Loom. Digital assets reside at
digital "locations," which are also IDs such as f6aae7c01c41ee8684192a15ec7919ba. If you know
the location of some assets, then you can move them to another location.
So what does it mean to "own" assets in Loom? Simple: if you are the only individual in the
universe who knows the location of some assets, then you own those assets. Owning assets
means having the exclusive power to control them. Nothing more, nothing less.
So how does one "give" or "transfer" assets to someone else in Loom? It's two steps. First you
move the assets from a secret location which only you know, to a shared location which both
you and the recipient know. Then the recipient moves the assets from the shared location to
his or her own secret location. Now the recipient owns the assets, and you don't.
This is similar to how you spend cash in a retail store. It's two steps. First you move the cash
from your wallet to the counter top. Then the cashier moves the cash from the counter top into
the cash register.
In this analogy your wallet is your "secret location," the counter top is the "shared location,"
and the cash register is the cashier's "secret location." And here the word "secret" just means a
place which only one individual physically controls, barring force.
How do I sign up?
Entry into the Loom system is by invitation only. You must first find someone who already uses
Loom to sponsor you by sending you an invitation. Only then can you sign up. Rayservers GmbH,
the prime dealer of the GSF System, for example, invites verified clients who can in turn invite
others.
What can I do after signing up?
After you sign up, your will have a new folder will have the title "My New Folder". Feel free to
rename that however you like. For example if your name is Bob you might call it "Bob" or
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"Bob's Petty Cash Folder".
You will also notice one other contact in your list called "My Sponsor". That is the name
assigned to the invitation location which your sponsor sent you. You and your sponsor share
that common location, which means you can move assets back and forth to each other through
there. To help you remember with whom you share that location, you might want to rename it.
For example if your sponsor's name is Alice you might call it "Alice".
Why do you call it a Folder?
Loom does not have accounts. It behaves like cash. So a folder is like a Manila folder in the real
world: it is simply a place to store some information. A Loom folder stores the set of asset types
which you recognize and value, and a set of contact points where you can move assets back and
forth to other users. It also optionally stores a history of your transactions which only you can
see. You can disable history altogether if you like, or delete old history entries at will. You can
add and edit memos on history entries, a feature which comes in handy as a simple note-taking
device. Think of history as an informal "rear view mirror" of recent actions. It is not a
permanent record or formal audit trail. It is merely a glorified notes feature.
Why do I log in with only a passphrase? Don't I have to enter a user
name?
No. There are no user names. Loom does not know anything about personal identity. Loom is
nothing more than a giant digital space with assets and folders laying around in various places.
Your folder passphrase is simply a location in this giant space, somewhat like a latitude and
longitude on the surface of the earth. There is no "who" in Loom, only "what" and "where."
So when you type in a passphrase, you're just travelling to that location to visit that particular
folder. You can create multiple folders if you like and use them for different purposes. For
security purposes, some people keep one "petty cash" folder for every day use with fairly low
balances, and another "vault" folder for less frequent use with high balances.
How do I invite someone else into Loom?
If you are already a Loom user, it is very easy to invite someone else into the system:
• Log in.
• Click Contacts, then Invite.
• Enter a name for the new contact.
• Press Save.
• Copy and paste the new contact ID into a secure email or chat and send it to the invitee.
When you do this you will see a little checkbox labeled:
This is a brand new user, so include 100 usage tokens to enable Sign Up
It is automatically checked for you. That is good. Leave it checked. Sign-ups are not free. The
Loom system charges usage tokens any time you store information on the server. Those 100
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usage tokens are the price you, the sponsor, must pay to enable the invitee to create a new
folder.
How do I add an asset type to my folder?
Keep in mind that if you want to deal in a particular asset type, you must first add it to your
folder. Until you do that, your folder will not recognize the asset. Even if someone tries to pay
you some of that asset at a shared location, you will not even see it until you first add the asset
type to your folder. Only then will you see the assets of that type, and then you can click them
to claim them as your own.
Some people think this is an inconvenience but it is actually a good thing. First, it prevents
strangers from spamming you with all sorts of dodgy new assets that they make up. So if you're
interested in an asset type, you must copy and paste its asset description into your folder from
an authoritative source. Second, there's really no alternative. Loom has no idea what asset
types you might find useful or valuable. You have to add them yourself.
This is the price you pay for using a wide-open system like Loom. Loom does not vouch for any
asset types, and it does not build any asset types into your folder automatically because it
thinks they are special. Accepting new asset types is entirely your responsibility.
So here is how you add an asset type to your folder:
• Log in.
• Click Assets, then Accept.
• Paste in the asset description.
• Press Save.
Simple right? But now you're probably asking ...
What is an asset description and where do I get them?
The first part of the question is easy. Here is a sample asset description for a hypothetical asset
called "Flower Petals" which you might use at a particular flower shop:
0f8fccf7c65e42d422c37ea222e700d5x2x2x466c6f77657220506574616c73x52c0dc51
You can simply double-click that text, then copy and paste it into your folder. Now you can
send and receive "Flower Petals".
Now for the second part of the question. Where did you get that asset description? The general
answer is: from an authoritative source. For example, that particular flower store probably has a
web site showing the asset description right there, along with all the terms of use. That is an
example of an authoritative source.
But what if your friend sent you that asset description, and you trust your friend very much?
Well, maybe that's OK, but you should still go to the flower store's web site and grab it from
there. Stick with this practice, because it will prevent you from doing silly things like accepting
counterfeit asset types from strangers trying to con you. The nice thing is, once you add the
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The Global Settlement Foundation
Finality of Settlement – that which preserves the World™
Part I
Introduction to the GSF System
and
A review of the world situation
The Global Settlement Foundation
www.global-settlement.org
gsf@gsf.li
Registered Address
Global Settlement Foundation (Panama)
Plaza Obarrio Oficina 202
Avenida Samuel Lewis
Ciudad de Panamá
República de Panamá
Mailing Address
Global Settlement Foundation
Postfach 73
CH 6314 Unterägeri
Switzerland
Published by
Rayservers GmbH
Panama
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LICENSE
Ownership of the copy is hereby transferred, free of charge or further contractual obligation,
to any individual or person obtaining a copy of the information or part thereof - for example
text in any language, images, instructions, strategies, computer code and associated files (the
"Information"), to deal in the Information without restriction, including without limitation the
rights to use, copy, modify, merge, publish, create with, distribute, sub-license, and/or sell
copies of the Information, and to permit individuals or persons to whom the Information is
furnished to do so, subject to the following conditions:
THE INFORMATION IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. IN NO EVENT SHALL THE AUTHORS
OR PUBLISHERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN
ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION
WITH THE INFORMATION OR THE USE OR OTHER DEALINGS IN THE INFORMATION. FURTHER,
BY PROCEEDING TO READ OR USE THE INFORMATION YOU AGREE TO INDEMNIFY, DEFEND AND
HOLD THE AUTHORS AND PUBLISHERS HARMLESS.1
1 www.rayservers.com/the-rayservers-license
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Contents
Table of Contents
The Global Settlement Foundation........................................................................................................1
LICENSE....................................................................................................................................................2
Contents...................................................................................................................................................3
DEFINITIONS............................................................................................................................................6
Global Standard™............................................................................................................................6
ONE GLOBAL™ (Prefix: G, Currency code: GLO)...........................................................................6
ONE ISLE™ (Prefix: S, Currency code: SIL)....................................................................................6
ONE AURIC™ (Currency code: AUR)..............................................................................................6
ONE AGRIC™ (Currency code: AGR)..............................................................................................6
GLOBAL SETTLEMENT FOUNDATION (GSF).................................................................................6
GSF System.....................................................................................................................................6
PUBLIC NOTICE .......................................................................................................................................7
CLAIM OF RIGHT.................................................................................................................................7
NOTICE OF CLAIM...............................................................................................................................7
Operational effects of our rights and powers.............................................................................8
The Global Isles Declaration ......................................................................................................10
Summary and conclusion............................................................................................................10
The Global Settlement Foundation – an overview............................................................................11
The GSF System ....................................................................................................................................12
Technology review................................................................................................................................15
Voucher Safe – a technology for Instant Message payments.......................................................15
Loom Technology and its Frequently Asked Questions................................................................16
What is Loom?..............................................................................................................................17
What is an Asset?.........................................................................................................................17
How do you transfer assets in Loom? .......................................................................................18
How do I sign up?.........................................................................................................................18
What can I do after signing up? .................................................................................................18
Why do you call it a Folder? .......................................................................................................19
Why do I log in with only a passphrase? Don't I have to enter a user name? ......................19
How do I invite someone else into Loom? ................................................................................19
How do I add an asset type to my folder? .................................................................................20
What is an asset description and where do I get them? .........................................................20
How do I send assets to a contact? ............................................................................................21
How do I claim assets which one of my contacts sent to me? ................................................21
Do you have an API for software developers? ..........................................................................21
Can I download or view the Loom source code? ......................................................................21
Are there assets issued by GSF System members?...................................................................21
Conclusions regarding Loom Technology .....................................................................................22
Trubanc.............................................................................................................................................22
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Separation of issuer from retail payments.....................................................................................22
The Global Standard™............................................................................................................................23
The Physics of Finance.....................................................................................................................23
What is Settlement?.........................................................................................................................25
An Illustration of Settlement......................................................................................................25
An analysis of the effects of the lack of the finality of settlement..............................................27
The greatest crime against humanity .......................................................................................27
Selling your children into slavery.........................................................................................27
The corruption of the justice system.........................................................................................28
Common Law – The Law of the Land.....................................................................................28
A republic or a democracy?....................................................................................................29
Lawful money ..........................................................................................................................29
The rise of Roman statutory law and administrative, admiralty courts...........................29
The denouement of the end game..............................................................................................30
The mechanism of the theft of the lands and homes of the people..................................30
How interest rates are set ......................................................................................................31
The surge in US Treasury liabilities......................................................................................31
The failure of government bonds..........................................................................................31
The worldwide demand for Euros and the upcoming failure of the European Union....31
The legal battles in the world financial war.........................................................................32
Further analysis.......................................................................................................................32
The Law vs Legal Plunder......................................................................................................................33
An Act vs The Law............................................................................................................................33
Legal Plunder....................................................................................................................................34
A Tutorial on Fraud..........................................................................................................................34
Step 1: Fraud in the Inducement ...............................................................................................35
Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft .....................................35
Step 3: Theft by Deception and Fraudulent Conveyance.........................................................35
Fraud in the Corridors of Power......................................................................................................36
Effects of legal plunder -The corruption of the world economy.................................................37
The stock market.........................................................................................................................37
Venture capital............................................................................................................................37
Company executives....................................................................................................................38
Retirement plans..........................................................................................................................38
Real Estate....................................................................................................................................38
Payment systems.........................................................................................................................38
Manufacturing .............................................................................................................................39
Producers.....................................................................................................................................39
Central Banks...............................................................................................................................39
Courts............................................................................................................................................39
Prisons..........................................................................................................................................39
Education......................................................................................................................................40
History .........................................................................................................................................40
The police and the military.........................................................................................................40
Notice of Claim of Right to Return to the Rule of The Law..........................................................40
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What is a Claim of Right?.............................................................................................................40
Declaration of the Scottish Convention of the Estates ............................................................41
Claim of Right and the Foundation of the Global Isles.............................................................45
World market overview........................................................................................................................48
The Dow/Gold ratio – the best prognosticator of our time..........................................................48
The scamming of the people, politely “the business cycle”....................................................48
Reading the Dow/Gold for 2010..................................................................................................49
Financial World War.........................................................................................................................50
The collapse of banks...................................................................................................................50
The upcoming failure of electronic bank liabilities......................................................................51
Collapse of UST bill yield.............................................................................................................51
The instant doubling of the Monetary Base..............................................................................52
The term deposit facility at the Federal Reserve......................................................................52
The Collapse and its Effects..............................................................................................................54
Collapse of world trade................................................................................................................54
The failure of large corporations...............................................................................................56
A thought experiment on price discovery and price manipulation..................................56
Further effects.............................................................................................................................56
Saving The Nest Eggs............................................................................................................................58
GSF System News ..............................................................................................................................58
SWANsat............................................................................................................................................58
NEPAD Council..................................................................................................................................60
Voxinet..............................................................................................................................................60
Rayservers.........................................................................................................................................61
The Swiss Forex Marketplace.....................................................................................................61
Swiss Bullion Infrastructure.......................................................................................................62
Gold Global bearer bonds and unit trust...................................................................................62
Bearer bonds and unit trust...................................................................................................62
Tier 2 Dealers wanted.............................................................................................................62
Further material on the finality of settlement...................................................................................63
Part II – Memorandum of Law....................................................................................................63
Part III – The Global Mint............................................................................................................63
Part IV – Re-introducing finality of settlement........................................................................63
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DEFINITIONS
Global Standard™
The Global Standard™ gives material shape to the principle of
lawful money that men must deal with each other by lawful
voluntary trade and give value for value. To trade by means of
lawful money and lawful voluntary contract is the code of
civilized men of good will. The Global Standard provides a fully
functional worldwide monetary system.
ONE GLOBAL™ (Prefix: G, Currency code: GLO)
One gold Global™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure gold.
ONE ISLE™ (Prefix: S, Currency code: SIL)
One silver Isle™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure silver.
ONE AURIC™ (Currency code: AUR)
One AUric™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure gold. The AUric is
the pan-African gold currency for countries of the African Union.
ONE AGRIC™ (Currency code: AGR)
One AGric™ shall be defined as 0.1 gram by mass of 0.999 fine or better pure silver. The AGric is
the pan-African silver currency for countries of the African Union.
GLOBAL SETTLEMENT FOUNDATION (GSF)
The Global Settlement Foundation (GSF) is an independent, international non-profit
organization that provides finality of settlement for global trade. The GSF is registered as a
Panama Private Interest Foundation on microfilm #26624, and is, by claim of right an
international, free standing, non-profit organisation that exists for the good of mankind.
GSF System
The GSF System comprises companies, trusts and individuals that are members of the GSF (GSF
System members or “the companies”) who trade with each other using traditional paper and
electronic contracts.
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PUBLIC NOTICE
CLAIM OF RIGHT
The Global Settlement Foundation, “GSF”, is a free standing, international, non-profit
foundation with living and statutory trustees, the statutory trustee being a Panama private
interest foundation. The well regulated powers2 of the Global Settlement Foundation shall be
used to claim, defend and protect the property and rights of all the People of the Global Isles3.
The GSF gives notice that it shall operate under Natural and Common Law as interpreted by a
court of record4 with competent jurisdiction with all rights, powers and privileges so reserved.
The GSF makes a claim of right5 to provide customary and traditional custodial service.
The right of the GSF to protect the patrimony6 entrusted to its care and its right to maintain
privacy and secrecy7 shall not be hampered, any statutory prohibitions notwithstanding.
The right of the GSF and its members to be secure in their persons, their property, their papers,
their correspondence, and their freedom of expression shall not be hampered.
All rights, privileges and powers reserved, including but not limited to rights under
common law or statutes, those declared in the UN declaration of human rights, our right
to protect our life, liberty and property that is ours by right, any statutory prohibitions
notwithstanding.
NOTICE OF CLAIM
1. The GSF gives public notice that it is not a bank or banking system.
2. The GSF gives public notice that a pervasive, deliberate, and malicious system of fraud
corrupts all regulators, courts, governments, banks and banking practices. Take notice
and govern yourselves accordingly.
3. The GSF System, by claim of right, issues lawful money that implements finality of
settlement.
4. By right, the GSF shall trade in gold, silver and other goods without let or hindrance
from any third party.
2 As published in our Memorandums of Law that shall be in harmony with Natural and Common Law.
3 The people of the Global Isles shall be those that adopt the Global Isles Declaration to live in accordance with Natural and
Common Law – each of them self-sovereign, awake and aware, mature adults who know the difference between what is
lawful and what is merely legal. For the definition of Global Isles see footnote 10.
4 One of the characteristics of a court of record is that the tribunal is independent of the magistrate. See
1215.org/lawnotes/lawnotes/courtrec.htm – as is also applicable to Natural and Customary Law anywhere in the
world. The only valid tribunal is either the sovereign plaintiff or a fully empowered jury of peers – a jury composed of men
and women of the people, not those who think of themselves as citizens owned by their State.
5 Historical and contemporary precedents and further claims are located on page 40.
6 Property or lawful money, goods and contracts entrusted to the Global Settlement Foundation. First by Natural Law, and as
affirmed by Panama Law, the patrimony of the GSF shall be held in allodium and not subject to seizure, attachment &c.
7 The right to privacy is a fundamental right of any living decent man or woman.
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5. The GSF, by right, shall create maintain and operate a system of lawful money8 and hold
funds upon trust for all its members any statutory prohibitions or licensing
requirements notwithstanding.
6. No entity has the power to restrict lawful money. This is Natural Law.
7. The GSF System members shall, by right, deal on a pass-through “as-is” basis with bank
liabilities to pay legal tender, bank credit, bank margin facilities, legal tender, contracts,
shares of statutory entities, &c. The rights of the holders of such instruments obtained
by lawful, non-fraudulent means to trade these for lawful money or goods shall not be
hampered, any statutory prohibitions or mandatory licensing requirements
notwithstanding.
8. The GSF, per Natural Law and Panama Law, protects the patrimony of the foundation for
the benefit of its beneficiaries. The GSF, to satisfy its requirement by Natural Law and
Panama Law to maintain a method of determining its beneficiaries, uses a
cryptographically secure method of determining its beneficiaries. All circulating assets
issued by the GSF are met by 100% reserve and thus in full compliance with natural and
customary law. By the laws of mathematics employed in cryptographic techniques, the
GSF cannot disclose the ultimate beneficiaries of such funds.
9. By operating according to the Law of the Land, Customary and Natural Law, protecting
the property of its beneficiaries no matter where or who they may be, by denying the
entrance into its patrimony funds whose origins are of criminal or fraudulent9 origin,
the Global Settlement Foundation hereby becomes by claim of right, an international,
free standing, non-profit organisation that exists for the good of mankind.
Operational effects of our rights and powers
The GSF will operate under International Common Law: “We shall not harm or cause loss to
another – which is the essence of the Law”. The GSF and its personnel are neutral non-combatants.
Our people shall travel freely without restrictions upon the face of these Global Isles10. The GSF
shall by claim of right by law issue identification such as passports for the decent people of the
Global Isles.
1. Any party who orders our personnel without a valid voluntary common law contract will
receive a bill deliverable in lawful money that is gold.
2. Any party that attempts to create bills of exchange by the application of statutes11
8 Lawful money is lawful substance. It is the opposite of “legal tender” issued by the process of circular fraud.
9 Including, but not limited to funds originating from non-voluntary or fully informed contracts, fraudulent deception,
fraudulent conversion, crimes against humanity including the theft by fraud and war of the people's gold and properties,
identity theft by fraudulent deception, use of mathematically impossible debts designed to defraud, plunder by passport or
mandatory identity requirements, legal plunder of any type, looting of sham democracies/republics, profits of corporate
courts acting under the colour of law. Speaking on the so called courts, Richard Miles says: “There is no law here, only
indulgences”. "Fraud: An intentional perversion of truth for the purpose of inducing another in reliance upon it to part with
some valuable thing belonging to him or to surrender a legal right." Black's 5th, 594 (emphasis added.) . "Fraud maybe
committed by failure to speak, but a duty to speak must be imposed," Dunahay v. Struzik, 393 P.2d 930, 96 Ariz. 246 (1964).
10 The Global Isles shall be defined as anywhere where sentient beings can breathe. Thus, it includes ships, submarines,
spacecraft, continents, and islands of the earth.
11 Statutes: We note the use of statutes as a process of creating bonds by coercion in sham courts.
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designed to defraud, will be sued in a court of record and/or at the option of the injured
party, use any lawful or statutory remedy.
3. The GSF will create and maintain common law courts of record. Such courts will be
superior courts12. The administrative “courts” currently in operation worldwide are
sham courts.
4. Any party that hinders GSF personnel from travel, restricts their rights or liberties or
prevents them from carrying out their duties could be subject to the issue of an on-thespot
arrest warrant under international common law for the full commercial value of the
offender's statutory bond.
5. Children and minors of the GSF community shall be protected from the vampires of the
State. All mandatory schooling requirements are void on their face and parents are the
only lawful custodians of their children. Any party that attempts to enforce the
deception of contemporary education13 upon the children of GSF personnel will be
subject to vigorous prosecution. The results are all around you – not one grown up man
or woman in a hundred can tell you where from or how the “money” in their bank
account comes into existence, and the pillage of legal plunder is rushing the population
blinded into ignorance by “education”, into war.
6. All GSF members and People of the Global Isles shall be free to adopt any philosophy or
religion of their choice that is in conformance with Natural and Common Law and shall
not be obliged to answer any census or religious reporting requirements. The GSF shall
be a secular institution.
7. GSF members shall be free to use any name in conversation or business that is
convenient so long as there is no intent to defraud the other party. The choice of name
to be referred to in communication with other parties is a fundamental power of all
living people.
8. Any party who have themselves committed crimes against humanity and run
institutions of legal plunder who attack us will be defended against and/or prosecuted
by all lawful means. We do not intend to, or need to attack them, for they and their kind
are their own worst enemies.
9. We shall be the embodiment of the principle of of forgiveness: Amnesty and forgiveness
will be available to those who renounce their actions, forswear other oaths, adopt the
Global Isles Declaration and pledge their ill gotten gains into the hands of the productive
entrepreneurs of our Global society.
10. A Memorandum of Law is being prepared which will be served upon all Heads of State,
courts, international bodies, monarchies, leaders of corporations, entrepreneurs and
news agencies.
11. Please notice that the GSF does not grant interviews. All questions can be sent in writing
to gsf@gsf.li.
12 See 1215.org/lawnotes/lawnotes/courtrec.htm
13 See Underground History of American Education by John Taylor Gatto:
www.johntaylorgatto.com/underground/toc1.htm
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The GSF on behalf of the living men and women who give it life, hereby makes a claim of right
to the exemption of the living from the statutes of dead corporate fictions such as NATION
STATES run by the parasites of the planet who produce nothing and have lost their mandate to
govern14. They who have lived by fraud have no claims upon us and their fruits of plunder are
not welcome in our society. “By their fruits, ye shall know them”.
The Global Isles Declaration
“I, a decent individual declare that I am aware that my Being is grounded in Truth, and that I
live, move and Become upon these Global Isles on the third planet from our lovely Sun. I hereby
consciously claim my inherent right to exist, create and dispose of my creations without
causing harm or loss to any other individual or person and so do hereby proceed to unfold my
life, liberties and happiness.”
Summary and conclusion
“There are,” he says, “two consequences in history; an immediate one, which is instantly recognized, and
one in the distance, which is not at first perceived. These consequences often contradict each other; the
former are the results of our own limited wisdom, the latter, those of that wisdom which endures. The
providential event appears after the human event. God rises up behind men. Deny, if you will, the
supreme counsel; disown its action; dispute about words; designate, by the term, force of circumstances,
or reason, what the vulgar call Providence; but look to the end of an accomplished fact, and you will see
that it has always produced the contrary of what was expected from it, if it was not established at first
upon morality and justice.”
Chateaubriand's Posthumous Memoirs
All rights, privileges and powers reserved.
14 Historical and contemporary precedents and further claims are located on page 40.
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The Global Settlement Foundation – an overview
The Global Settlement Foundation (GSF) is an independent, international non-profit
organization that provides finality of settlement for global trade. The GSF System includes the
GSF, duly appointed prime dealers, foundation members, lawful15 processes and deliverable
units. These trade in a cryptographically neutral marketplace.
In the Global Standard™, one Global™ is
defined as 0.1 gram of gold by mass
deliverable as 0.999 or better fine gold, and
includes retail delivery of 0.9999 pure gold 1
Kg bars marked 10,000 Globals, high value
coins designed for circulation and low value
coins and notes.
All circulating physical Globals contain at
least 70% of the face value amount of gold
with the balance stored in the GSF vaults.
Counterfeits are impossible without the gold
content – an elegant solution.
GSF enables the physical and lawful processes that facilitate creation and movement of goods
and services, including the necessary infrastructure to allow entrepreneurs and investors who
use Globals to create and use a real-capital stock market that allows the pricing function in the
marketplace to price risk. The genius of the west – lawful real-money stock markets16 – will
once again return to the service of mankind.
In this overview we cover the GSF System, the World Markets, GSF System News, and the issues
of law, fraud and lawful money. There is good news and there is bad news – the bad news is that
the information on the markets, fraud and law is sobering, if not downright scary.
The good news is that once you comprehend the issues, you and your organization will be able
to protect the precious purchasing power that constitutes your savings and working capital so
you can continue to generate wealth. We concentrate on empowering you to put the
purchasing power that gold, commodities, real-estate, inventory and finished products
represent to work. We have experts in Austrian economics, world markets, software
architecture, cryptographic technology, law, and legal structures who can assist you and your
ventures.
15 Lawful means conformable to the principle, spirit, or essence of the law, and is applicable to moral as well as to juridical
law including Natural and Common Law and shall specifically exclude methods of legal plunder. See The Law, an essay by
Frederic Bastiat, first published in 1850, available at www.rayservers.com/the-law.
16 See Physics of Finance in The Global Standard chapter.
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The GSF System
The GSF System is designed to support a full economic system with no central monopoly,
including that of issuance of money.
The system mobilizes bullion, raw material, commodities (oil, steel, copper, wheat, etc.),
inventory, real-estate both commercial and residential – all forms of real wealth, and makes
them forms of money that can be traded among real people without the intervention of the
issuer.
Companies that produce goods will be able to sell their production forward, bonds can be
issued by them payable in the goods they produce, commercial real estate can be operated by a
management company and the ownership and the dividend income traded. Expensive items
like a particular model of a luxury car marque can also be sold forward as say 100,000.00 units
that represents one car.
The velocity of trade will increase, the parasitic destruction of wealth generation by the
current form of intentional financial fraud will be reversed, and the path towards global war
diverted even at this late hour.
The GSF System's cryptographically neutral marketplace will have multiple issuers, buyers and
sellers. It is based on a peer-to-peer model where buyers and sellers of a particular token
directly interact with each other without having to involve the issuer.
For instance a retail truck stop chain could issue units that represent litres of diesel of a
particular grade. Truckers could purchase and store these units in their electronic wallet so
they know in advance that they will receive the needed diesel for operational needs that month
and the operator of the truck stop chain can gauge demand, purchase and move inventory as
necessary.
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A trucker with diesel units may be able to purchase milk from a farmer who has issued milk
units directly in diesel units – if the two parties come to a mutual voluntary contract to do so.
The marketplace will naturally re-discover that gold is the best form of “money” as it is the
substance that gives material shape to the principle of money.
Market Participant (Go to link and see diagram)
Tier 2 Dealer
Electronic Peer-2-Peer Token Marketplace
Oil Company
Producer Prime Dealer
Global Settlement Foundation
Tier 1 Dealer
GSF
emits
SKRs
For Vaulted Gold
As Globals
Prime Dealer
Globals
Prime Dealer
Units for
USD/EUR
And other
Bank liabilities
Tier 1 Dealer
Units Vaults
GSC
CDB
CDB CDB
Glossary / Explanation
GSC: Global Settlement Corporation
CDB: Cryptographic Data Base
SKR: Safe Keeping Receipt
Untis: Represented by Signed Digital
Certificates
Commodity Contracts
Safe Keeping Receipts
Tokens, Notes &
Units
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A trucker with diesel units may be able to purchase milk from a farmer who has issued milk
units directly in diesel units – if the two parties come to a mutual voluntary contract to do so.
The marketplace will naturally re-discover that gold is the best form of “money” as it is the
substance that gives material shape to the principle of money.
An issuer emits cryptographically signed units that are handled by a data robot that stores the
units with pay-for-storage nodes via a pay-for-traffic peer-to-peer network. Market boards
offer marketplace participants a space to advertise their bid ask spreads on marketplace units.
End users and issuers utilize user-interfaces to the distributed system. Multiple profitable
entities can compete with each other to provide each of the above services.
The architecture ensures that there is no single point of failure and that no units are lost. It
also provides the means for a robust economy to develop that supports technology such as
economically viable self-extending wireless mesh networks that will reduce the cost of internet
and voice communication access. Imagine a wireless internet router that you buy, plug in and it
pays for itself and allows ultra cheap network edge gadgets to proliferate that extend the mesh
further!
The peer-to-peer system is directly suited to implement the real-bills system of Adam Smith.
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A trucker with diesel units may be able to purchase milk from a farmer who has issued milk
units directly in diesel units – if the two parties come to a mutual voluntary contract to do so.
The marketplace will naturally re-discover that gold is the best form of “money” as it is the
substance that gives material shape to the principle of money.
Market Participant
Producer Product / SKR /
Commodity Contract
“Units”
Market Participant
P2P Network
Pay for Traffic
Paid
Storage
Node
Paid
Storage
Node
Paid
Storage
Node
User Interface
“Wallets”
for
Trading Units
Viewing the Marketplace
Storing Data
Transaction History
Issuing Units
Inventory Management
Business Management
Data Robot
Offers
Storage and Trade
Of Encrypted Units
Market Board
Advertises
Bid/Ask
On
Unit Pairs
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Lawful discount houses will arise to discount lawful bills of exchange and inject real-money
into circulation. All the creative genius of Wall Street can be implemented within this system
with lawful and deliverable units of account being the natural check against fraudulent
contracts.
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Technology review
Voucher Safe – a technology for Instant Message payments
The graphic above describes open source software developed by one of our technology
partners. One of the independent issuers, Pecunix, works closely with the GSF. One of the GSF's
prime dealers is Rayservers. Rayservers is also a Pecunix PREO17. The GSF, its prime dealers and
others will also participate in this system. The Voucher System creates a part of the technical
infrastructure necessary to operate the GSF System. The terminology used in the graphic is
described below:
• The Issuer: this is the party who stores the assets backing the vouchers. The Issuer is
17 pecunix.com/money.refined...ref.preo
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responsible for keeping track of all vouchers in circulation, assigning their serial
numbers, and ensuring that the aggregate weight or value of all vouchers does not
exceed the backing. The Issuer knows nothing about users or owners, only voucher
amounts and serial numbers.
• The Voucher Publisher (VP): the VP processes all voucher transactions, signs all
vouchers with its private key, and encrypts each with the public key of the owning
voucher safe (VS). It also issues signed usage tokens (bought with vouchers) and permits
other system components to redeem accumulated tokens for vouchers.
• The Secure Data Store (SDS): the SDS is a place to store vouchers, tokens, payments,
receipts, and VS login records. The records stored on it are always encrypted and
opaque to the SDS. The SDS earns tokens for storing data.
• The Distributed Hash Table (DHT): the DHT is a place to store temporary data (defined
as one week or less). It is used as an out-of-band communications medium for messages
between voucher safes, or between the VP and a VS. Like the SDS, the DHT earns a token
for each record it stores, and only stores opaque blobs which are public-key encrypted.
• The Public Key Server (PKS): the PKS is a repository for two things: the public key
certificate of each voucher safe in existence, and a Certificate Revocation List (CRL),
upon which revoked certificates are placed when their safes are closed. It allows key
lookup from any peer, while update transactions (adding or revoking certificates) can
only be performed by the VP. The PKS is the house elf of its associated VP, and does not
earn tokens.
• The Openfire18 Server (OFS): this is the end user's doorway into the system. It is, first
and foremost, a Jabber19 server, and handles normal chat traffic in addition to voucher
system-related traffic. It has a plugin which extends XMPP20 to support p2p voucher
messaging. The OFS manages VS logins, and once a safe has logged in successfully,
provides it with network discovery so that it can access the PKS, SDS, and DHT directly.
The OFS also acts as a firewall for the VP, to which users never speak directly. The OFS
earns a portion of tokens paid to perform various voucher operations.
• The Voucher Safe Client (VSC): this is a Spark21 Jabber client, likewise equipped with a
special plugin that allows it to log into a safe and perform voucher operations.
The Voucher Safe technology is in private deployment. Fully functional currencies issued by
several companies will quietly commence operation in the first half of 2010.
Loom Technology and its Frequently Asked Questions
The technology for Loom is created and developed by Patrick Chkoreff. Others at the GSF have
provided critical infrastructure and enhancements to the paradigm that make this technology
one of the most fundamental architectural blocks for a scalable, decentralized, laissez faire,
peer-to-peer, free marketplace to emerge. The technology is developed in the Pearl computer
programming language and is open source.
18 www.igniterealtime.org/projects/openfire/index.jsp
19 www.jabber.org
20 XMPP is a jabber instant message protocol.
21 www.igniterealtime.org/projects/spark/index.jsp
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What is Loom?
Loom is a system which enables people to create, move, and trade assets however they like.
The Loom system creates a virtual space where 2128 kinds of assets can move in 2128 locations...
allowing you to hide the assets you care about in a nook of the universe – a giant combination
lock crossed with a general purpose accounting abacus.
What is an Asset?
In the real world, an asset is a thing which has value to human beings. Typically assets are
commodities which can be produced, measured, and traded in various quantities. Some
examples are bushels of wheat, pounds of coffee, pounds of copper, grams of gold, or kilowatthours
of electricity. An asset can also be totally unique, such as a specific house, piece of land,
or work of art.
In Loom, a specific type of asset in the real world is represented by a unique and distinct
identifier, also known as an ID. For example, the asset ID a11590550d42888981be659b0451dba2
might represent bushels of wheat stored in silos managed by a reputable storage company,
available for delivery on demand. The asset ID 5690a4d3a527ff18d3c168884e8a2d63 might
represent kilowatt-hours of electricity produced by a specific power company. The asset ID
2fcb2b81bb96bb51cec88edcb4b9a480 might represent shares of ownership in that power
company.
The Loom system itself knows absolutely nothing about the meaning of assets issued within it.
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Private location
Shared location
Private location
Loom assets behave like cash
Payer takes the asset from his private location “wallet” and
places it “on the counter” for the payee to pick up and put in her
private “cash register” location.
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All "meaning" is held solely in the minds of users. Loom is merely a utility which provides a
standardized service in a very reliable way, like phone service. Loom is a provider of "economic
dial-tone."
Any Loom user can create a new asset type and ascribe any desired meaning to it. That user can
then issue new units of the asset type into existence. But that doesn't give the issuer a free
lunch. Other Loom users will value that asset only if they can trade it reliably for something
valuable in the real world, or for another valuable Loom asset. This kind of value cannot be
created out of thin air. It is built on reputation, integrity, reliability, productivity, and service.
Probably most users will deal only in asset types created by other trusted issuers, and will not
bother creating new asset types of their own.
How do you transfer assets in Loom?
In the real world, assets have locations in the physical universe. The assets just sit there until
someone moves them somewhere else. Same kind of thing in Loom. Digital assets reside at
digital "locations," which are also IDs such as f6aae7c01c41ee8684192a15ec7919ba. If you know
the location of some assets, then you can move them to another location.
So what does it mean to "own" assets in Loom? Simple: if you are the only individual in the
universe who knows the location of some assets, then you own those assets. Owning assets
means having the exclusive power to control them. Nothing more, nothing less.
So how does one "give" or "transfer" assets to someone else in Loom? It's two steps. First you
move the assets from a secret location which only you know, to a shared location which both
you and the recipient know. Then the recipient moves the assets from the shared location to
his or her own secret location. Now the recipient owns the assets, and you don't.
This is similar to how you spend cash in a retail store. It's two steps. First you move the cash
from your wallet to the counter top. Then the cashier moves the cash from the counter top into
the cash register.
In this analogy your wallet is your "secret location," the counter top is the "shared location,"
and the cash register is the cashier's "secret location." And here the word "secret" just means a
place which only one individual physically controls, barring force.
How do I sign up?
Entry into the Loom system is by invitation only. You must first find someone who already uses
Loom to sponsor you by sending you an invitation. Only then can you sign up. Rayservers GmbH,
the prime dealer of the GSF System, for example, invites verified clients who can in turn invite
others.
What can I do after signing up?
After you sign up, your will have a new folder will have the title "My New Folder". Feel free to
rename that however you like. For example if your name is Bob you might call it "Bob" or
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"Bob's Petty Cash Folder".
You will also notice one other contact in your list called "My Sponsor". That is the name
assigned to the invitation location which your sponsor sent you. You and your sponsor share
that common location, which means you can move assets back and forth to each other through
there. To help you remember with whom you share that location, you might want to rename it.
For example if your sponsor's name is Alice you might call it "Alice".
Why do you call it a Folder?
Loom does not have accounts. It behaves like cash. So a folder is like a Manila folder in the real
world: it is simply a place to store some information. A Loom folder stores the set of asset types
which you recognize and value, and a set of contact points where you can move assets back and
forth to other users. It also optionally stores a history of your transactions which only you can
see. You can disable history altogether if you like, or delete old history entries at will. You can
add and edit memos on history entries, a feature which comes in handy as a simple note-taking
device. Think of history as an informal "rear view mirror" of recent actions. It is not a
permanent record or formal audit trail. It is merely a glorified notes feature.
Why do I log in with only a passphrase? Don't I have to enter a user
name?
No. There are no user names. Loom does not know anything about personal identity. Loom is
nothing more than a giant digital space with assets and folders laying around in various places.
Your folder passphrase is simply a location in this giant space, somewhat like a latitude and
longitude on the surface of the earth. There is no "who" in Loom, only "what" and "where."
So when you type in a passphrase, you're just travelling to that location to visit that particular
folder. You can create multiple folders if you like and use them for different purposes. For
security purposes, some people keep one "petty cash" folder for every day use with fairly low
balances, and another "vault" folder for less frequent use with high balances.
How do I invite someone else into Loom?
If you are already a Loom user, it is very easy to invite someone else into the system:
• Log in.
• Click Contacts, then Invite.
• Enter a name for the new contact.
• Press Save.
• Copy and paste the new contact ID into a secure email or chat and send it to the invitee.
When you do this you will see a little checkbox labeled:
This is a brand new user, so include 100 usage tokens to enable Sign Up
It is automatically checked for you. That is good. Leave it checked. Sign-ups are not free. The
Loom system charges usage tokens any time you store information on the server. Those 100
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usage tokens are the price you, the sponsor, must pay to enable the invitee to create a new
folder.
How do I add an asset type to my folder?
Keep in mind that if you want to deal in a particular asset type, you must first add it to your
folder. Until you do that, your folder will not recognize the asset. Even if someone tries to pay
you some of that asset at a shared location, you will not even see it until you first add the asset
type to your folder. Only then will you see the assets of that type, and then you can click them
to claim them as your own.
Some people think this is an inconvenience but it is actually a good thing. First, it prevents
strangers from spamming you with all sorts of dodgy new assets that they make up. So if you're
interested in an asset type, you must copy and paste its asset description into your folder from
an authoritative source. Second, there's really no alternative. Loom has no idea what asset
types you might find useful or valuable. You have to add them yourself.
This is the price you pay for using a wide-open system like Loom. Loom does not vouch for any
asset types, and it does not build any asset types into your folder automatically because it
thinks they are special. Accepting new asset types is entirely your responsibility.
So here is how you add an asset type to your folder:
• Log in.
• Click Assets, then Accept.
• Paste in the asset description.
• Press Save.
Simple right? But now you're probably asking ...
What is an asset description and where do I get them?
The first part of the question is easy. Here is a sample asset description for a hypothetical asset
called "Flower Petals" which you might use at a particular flower shop:
0f8fccf7c65e42d422c37ea222e700d5x2x2x466c6f77657220506574616c73x52c0dc51
You can simply double-click that text, then copy and paste it into your folder. Now you can
send and receive "Flower Petals".
Now for the second part of the question. Where did you get that asset description? The general
answer is: from an authoritative source. For example, that particular flower store probably has a
web site showing the asset description right there, along with all the terms of use. That is an
example of an authoritative source.
But what if your friend sent you that asset description, and you trust your friend very much?
Well, maybe that's OK, but you should still go to the flower store's web site and grab it from
there. Stick with this practice, because it will prevent you from doing silly things like accepting
counterfeit asset types from strangers trying to con you. The nice thing is, once you add the
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