Country Member Benefits – Detailed

A detailed analysis of the Country Member Benefits are recorded below:

1. At the end of the Transition Period, all the Fund’s remaining fiat currency holdings are entirely written-off and forgiven in the books of the Country Member, with the net result that all the debts of the country shall have been entirely written-off without cost to the Country Member.
2. Throughout the twelve (12) months, or longer, Transition Period, the local currency of the Country Member are gradually exchanged into Gold Units on a one-to-one (1:1) basis, and immediately removed from circulation.
3. Gold price manipulation by the elites ceases because the thread that ties it to most fiat currencies will be irrevocably severed in order to allow gold (in the form of Gold Units) to regain its stand-alone intrinsic value as a stable medium of exchange and store of value which has no need for an external value reference mechanism.
4. For every Gold Unit placed in circulation, the Fund maintains in reserve, on its balance sheet, one Gold Unit (a 100% capital reserve).
5. Every citizen of a Country Member over the age of sixteen (16) is entitled to open an account in Gold Units on the local Fund platform and immediately receive a free allocation of Gold Units for personal use.
6. With all the Country’s fiat currency converted into Gold Units, the Country Member receives a fifteen percent (15%) contribution in Gold Units for social, humanitarian, economic and infrastructure development, while Banks get paid a three percent (3%) commission for Bank account and gold depository account conversions into Gold Units. 
7. Inflation essentially ends because there is no longer the need for any Country Member to run a deficit and the stability gold brings to a Country Member’s economy, with the stable monetary unit that does not depreciate over time.
8. The Gold Units of a Country Member are immediately, easily, and instantly convertible and transferable into Gold Units of any of 253 other countries (a matrix of 64,262 exchange values). Gold Units are portable, acceptable, and usable anywhere in the world in trade and commerce.
9. Exchange values for the Gold Units of one Country Member against Gold Units of 253 other Country Members are fixed for fifty (50) years and can only be changed if there is an unforeseen event or circumstance or a disaster.
10. The interest rate for Gold Units is set at a maximum of three percent (3%) for the next fifty (50) years. 
11. Merchant transactions done in Gold Units can be settled with a debit, credit, prepaid, or gift card instantly and seamlessly in an equivalent Gold Unit of another Country Member as the transaction is being processed.
12. Member Country’s States, Counties, Cities, and local communities may be licensed to issue and distribute their own brand of Gold Units.
13. Third-party promoters and entrepreneurs may be licensed to use the Fund’s Gold Units to launch their own brands of Gold Units anywhere in the world.
14. Because Gold certificates are only transferred under the terms and conditions of a bailment agreement which conveys “use“, not “ownership” of the Gold, the Fund and each of its Country Trusts may only create and sell Gold Units which are secured by a Gold certificate if it has a repurchase obligation collateralized by an equivalent deposit, e.g., a 100% capital reserve (in Gold Units) on its books.
15. In that all Gold Units are sold with a repurchase obligation, the repurchase price can be set to be at the same price, or at a price that incorporates a built-in rate of interest.  This means that interest-bearing accounts are possible.
16. Tax systems are significantly simplified and streamlined to enable the filing of a  tax return in minutes rather than days to complete and file.
17. No Sales Tax, Value Added Tax nor any other tax is levied on any food item, basic necessities, energy, water, medicinal preparations, medical procedures, medical equipment, hospitalization, transportation and all material input costs required in the construction of residential or community housing projects.
18. All other taxation is significantly reduced by every Country Member, Local Government Members and Associate Members through the proportional reduction of taxes being equivalent to ninety percent (90%) of all Savings made as a result of the government no longer having to make both capital and interest payments due to the Debt Conversion & Forgiveness Program. 
19. Failed and struggling Cities and Towns have access to a Special Municipal Fund to fund capital projects, education and training requirements and members also have access to a Special Law & Order Fund to fund capital projects, education, and training requirements in order to establish and/or improve effective law and order and timely prosecution in their communities.

Comparison between FIAT Currencies and Gold Units that are “Holy to Yahweh”