About GGMF
The Global Gold Monetary Fund (“GGMF”) is a private global initiative of 39 original founders from 14 different nations who were concerned about the impending collapse of the world’s fiat currencies and the economic impact it will have worldwide on the working class and the poor, and who joined forces to develop a new standardized system of gold money that is 100% backed by physical allocated gold. The founders are supported in their efforts by custodians/holders of vast quantities of physical gold which they acknowledge belongs to God and are anxious to put such gold to work for the benefit of humanity, as God directs.
The GGMF FAQs also include a key Article on:
The Problem
Fiat currencies are promissory notes of the issuer. It has no hard assets backing it. For this reason, there is no way to cushion the hard landing of a global collapse of all fiat currencies of the world and the lethal consequences it may have for people everywhere. Eliminating the banks to create a central bank-controlled digital currency account system (“CBDC”) that bypasses traditional banks is not the answer. It is a mere delaying illusion which only defers the inevitable.
Central banks are rushing to supplant traditional bank accounts with their own version of a highly controversial, centrally controlled system of digital currency accounts denominated in local fiat currencies (“CBDC”) combined with the removal from circulation of all forms of paper money.
Given the use of advanced forms of technologies such as artificial intelligence (AI), which when combined with programmable tokens can be used to monitor and control populations and transactions while collecting data that can be mined, it is easy to see why there is a large market of those who will reject such programs and opt for an antithesis solution where the power to distribute money is decentralized, personal data is treated as private and confidential, and gold replaces a system of dangerous and worthless monopoly money.
Our Solution
GGMF is the antithesis of the CBDC model. It provides an honest, God-honoring, people-focused, decentralized, turn-key solution and approach for its members to rapidly transition from a fast-crumbling global system of fiat currencies to a stable, non-crypto, standardized unit of gold that can be issued and placed in circulation locally in the form of redeemable gold certificates, digital money, or transferable electronic balances. GGMF members can easily, and with minimum effort, distribute their own brand of stable 100% gold-backed medium of exchange and store of value that can be freely exchanged and transferred worldwide.
GGMF’s decentralized architecture and approach to money creation empowers governments and a diversified group of local and international niche distributors to meet local needs with their own brand of value-adjusted gold money that share a common global standard and are exchangeable one-to-one (1:1) with each legal tender local currency. For GGMF, centralization is only at the level of its global exchange, payment processing, and transaction clearing and settlement platforms where members, including banks, can transact with each other, to clear and settle transactions confidentially, securely, and safely, and where all settlements are guaranteed.
During a transition period, and until local adoption and popular demand for Gold Units has tipped the scale in favor of gold units, member governments will be required to grant their own local gold units, equal legal tender status alongside the existing fiat currency.
The FAQs include a Key Article on:
Our Commitment
To promote rapid in-country adoption, GGMF will create local Gold Units that have a one-to-one (1:1) exchange rate parity with a country’s existing legal tender currency (fiat). Gold Units may thus be seamlessly exchanged on a one-to-one (1:1) basis with the existing local fiat currency and from there against all other national currencies based on GGMF’s published exchange rate table. This is the least disruptive approach since it is easy for people to determine the buying power of a local Gold Unit.
To accomplish such objectives GGMF is establishing its own global exchange rate mechanism and platform to allow the Gold Units of one country to be instantly exchangeable for units of 253 other nations based on the published exchange rate. GGMF’s global exchange platform will create, maintain, and publish an exchange rate table (up to 64,262 cross-border exchange rates) for the benefit of its members.
It will also support the worldwide portability and exchangeability of every brand of Gold Units and the inclusion of licensed distributors, banking institutions, merchants, and existing payment processors in its system.
Membership Support
GGMF will support each federal or local government with a pledge and assignment of gold Certificates to support the local monetary system, a debt forgiveness program, a standardized process, and legal pathway to give gold units legal tender status, and the establishment, management, and operation of an entirely new monetary System.
Learn more about our member benefits.