" The Office of Poofness " "People Got To Be Free" All the world over, so easy to see People everywhere just wanna be...
" The Office of Poofness "
"People Got To Be Free"
All the world over, so easy to see
People everywhere just wanna be free
Listen, please listen, that's the way it should be
There's peace in the valley, people got to be free
You should see what a lovely, lovely world this'd be
Everyone learned to live together, ah hah
Seems to me such an itty bitty thing should be
Why can't you and me learn to love one another?
All the world over, so easy to see
People everywhere just wanna be free (wanna be free)
I can't understand it, so simple to me
People everywhere just got to be free
If there's a man who is down and needs a helpin' hand
All it takes is you to understand and to pull him through, ah hah
Seems to me we got to solve it individually, ah ah
And I'll do unto you what you do to me
Said, no
Shout it from the mountain on out to the sea
No two ways about it, people have to be free (they gotta be free)
Ask me my opinion, my opinion will be
Natural situation for a man to be free
Get right on board now, huh, huh
Oh, what a feelin's just come over me
Love can move a mountain, make a blind man see
Everybody sing it now come on let's go see
Peace in the valley now, we all can be free
See that train over there?
Now that's the train of freedom
It's about to 'rrive any minute, now
You know it's been'a long, long overdue
Look out 'cause it's a'comin' right on through
Ha, ha, yeah
https://video.search.yahoo.com/yhs/search?fr=yhs-sz-001&hsimp=yhs-001&hspart=sz&p=UTUBE+PEOPLE+GOT+TO+BE+FREE#id=2&vid=4cdd58c9569a6fc89965cbee29b35e67&action=view
POOF SAID
Greetings and Salutations,
Now onward and upward as you like to say.!
We are happy to report that much progress has been made; turning points have been reached. Sizable bank accounts have been frozen and are under investigation having nothing to do with the work at hand but will impact the delay and seizure issues that are on going. Just be aware of the domino effect here and stay the course awhile longer.
The efforts of the concerted ground crew are complicated and the making of a new vision for the future is worth all of this.
Just be patient awhile longer with the matriculations of the manipulators and you will find the road ahead much smoother.
Poof
SUSAN SAYS
Dear Community,
I alone cannot change the world, but I can cast a stone across the water to create many ripples. — Mother Teresa
A Fight For Freedom
So many gave their lives
To keep our country free
But we rarely think about it
We treat it so carelessly
We go about our daily chores
Expecting our freedom to remain
We raise our children, go to work
Thinking life will be the same
But it doesn’t all just happen
For when you look back in history
Challenges came to the forefront
Folks fought hard for victory
It seems each generation
Has a challenge that must be met
Luckily there are special folks
Who have goals that are bravely set
So let’s all think about them
Let’s hold them in high esteem
Pray for the strong brave soul
And what freedom alway means!
Marilyn Lott
My understanding for week is, there is a temporary problem with the PP 's and a possible resolution shortly...stay tuned...
Namaste,
Susan
ZAP SAYS
HI ALL,
THIS IS A SPECIAL MESSAGE FOR ME TO DO IT TURNS OUT, AND IS THE 303RDINSTALLMENT (DISREGARDING MIDWEEK AT TIMES) IN THIS INFORMATION AND DISCLOSURE SERVICE THAT WAS CONTINUED IN RESPECT TO POOF.
IT HAS TURNED OUT THAT THIS PUBLIC DISCLOSURE OF SOME KEY INFORMATIONS OVER THE YEARS HAS BEEN OF HELP TO QUITE A FEW SOULS THAT RESONATE WITH OUR EFFORT AND WHO HAVE JOINED THE CHORUS.
KEY SCIENTISTS COMPRISING OF VISIONARIES IN THEIR RESPECTIVE FIELD OF SCIENCE IN CHEMISTRY, PHYSICS, COMPUTER SCIENCE, MATHEMATICS, AI, BIOLOGY, ASTRONOMY, AND SO ON HAVE FORGED STRONG RELATIONSHIPS WITH THIS COLLECTIVE EFFORT. THEY ARE ALL ON STANDBY TO BEGIN THE WORK AHEAD OF US ALL.
THIS WILL BE A BUSY TIME FOR ALL OF US GLOBALLY AS WE BEGIN THE DEPLOYMENT OF OUR SERVICES AROUND THE WORLD, BUT A CONCERN AMONG SOME OF US WERE THE SHIFTING POLITICS AND HOW DO WE INTERACT WITH THAT PART OF THE SYSTEM.
THE POLITICS ARE WHAT THEY ARE, AND WILL ALWAYS TAKE CARE OF THEMSELVES IN WHATEVER MANNER A SOLUTION EXISTS AT THE MOMENT. OUR EFFORT IS NOT AFFECTED BY ANY POLITICAL INFRASTRUCTURE AND THIS IS OUR NEUTRAL POSITION IN RESPECT OF POLITICS AND RELIGION. BEING ANYTHING OTHER DOES NOT MAKE SENSE TO THIS EFFORT AND WILL HINDER ITS IMPLEMENTATION.
THERE ARE STRONG LEADERS IN THE WORLD NOW THAT CAN PAVE THE PATH FOR A LOT OF GOOD CHANGES. DO NOT FORGET THAT SOMETIMES IT TAKES A BAD MAN TO DO GOOD THINGS, AND WE HAVE SEEN THIS AS A HISTORICAL EVENT TIME AND AGAIN. RIGHT NOW WE HAVE STRONG LEADERS IN THE THREE KEY COUNTRIES. WE HAVE THE NEW GODFATHER TRUMP, A SKILLED AND KNOWLEDGEABLE PUTIN, AND A DYNAMIC XI THAT HEAD THE ROSTER OF THE NATIONS. REGARDLESS OF THEIR INDIVIDUAL EXPERIENCES, THEY ARE ALL STRONG AND EFFECTING MASSIVE CHANGES.
THE ECONOMIES ARE BEING ALTERED IN FRONT OF OUR EYES AS POLITICAL MANOEUVERINGS ARE AT AN ALL TIME HIGH, AND NEW DIRECTIONS ARE BEING TAKEN IN THE WAY THINGS ARE BEING DONE IN THIS WORLD. ALL OF THAT IS SELF EVIDENT BUT NEEDS ANOTHER INTRODUCTION OF PERSPECTIVE IN SOME VITAL AREAS. SOME OF THE CHANGES ARE GOOD AND SOME ARE QUITE RADICAL. THE SMELLY ONES REEK OF HIDDEN AGENDAS.
ONE SUCH SMELL FOR EXAMPLE, IS THE NEW 5G BEING A (SUPPOSED CUTTING EDGE) TECHNOLOGY IN THE SMELLY CATEGORY SINCE IT WAS PASSED WITH ZERO FORMAL STUDIES (LIKE 3 AND 4G HAD TO) AND ZERO REGULATIONS GOVERNING MUCH MORE POWERFUL MICROWAVE RADIATION LIMITS. STRONGER MICROWAVES AND HUMAN/ANIMAL/VEGETABLE TISSUE DO NOT MIX WELL. THE 5G WAS PUSHED THROUGH WITHOUT DISCUSSION OR REGARD TO HUMAN WELFARE OTHER THAN “FASTER AND MORE CONTENT” MARKETING WHILE EVIDENCE WAS DISREGARDED OF HUNDREDS OF DEAD WILDLIFE IN THE TEST ZONES AS WELL AS MANY SICK PEOPLE. THIS IS ALL CATALOGUED AND ACCESSIBLE. HAVE ANY PEOPLE DIED AS A RESULT? I WOULD NOT BE SURPRISED.
IT WAS OFFERED THAT THE NORTH AMERICAN 5G IS ACTUALLY NOT THE HARMFUL 5G THAT CHINA IS SUPPOSEDLY DEPLOYING. GUESS WHAT, CHINESE ALSO SAY THAT THEIR 5G IS HARMLESS UNLIKE THE NORTH AMERICAN 5G.
I PUT IT FORWARD THAT BOTH SIDES ARE DISREGARDING THE HARM THE TESTS HAVE CAUSED. THERE IS NO “FINE TUNING” OF A STRONGER MICROWAVE FREQUENCY. IT IS WHAT IT IS. AND WHOEVER DEPLOYS IT IS GUILTY OF DEPLOYING A DEADLY WEAPON AS SHOWN BY EVIDENCE AND THIS AFFECTS EVERY SINGLE LIVING ENTITY ON THIS PLANET. TALK ABOUT SMELLY.
THE REAL 5G DEVELOPED MANY YEARS AGO IS A SPREAD SPECTRUM SYSTEM THAT GIVES BLINDING SPEED AND HUGE INFORMATION FLOWS WITHOUT INTERACTING WITH CELLS LIKE MICROWAVES DO.
ANOTHER DIRECTION IS THE CHANGE OF PERSPECTIVE IN REMOVING CONSTRAINTS ON PERFORMING WAR OR POLICE ACTIONS. IS THIS GOOD, BAD, OR SMELLY? THERE ARE A LOT OF ISSUES SURROUNDING THIS ONE BUT ONE OF THE COMMENTS IN THIS MESSAGE SEEMED TO SUM UP ONE PERSPECTIVE THAT SPOKE VOLUMES: “Can't let bad PR from civilian deaths get in the way of ""Murica, f**k yeah!"
https://twitter.com/breakingnews/status/1103351395644817408?s=12
BUT REGARDLESS OF SUCH GLOBAL AND POLITICAL MATTERS, OUR FOCUS REMAINS WHERE IT IS SUPPOSED TO BE. OTHERS MORE QUALIFIED CAN TACKLE THE 5G ISSUE AS THERE ARE RESISTANCE GROUPS OUT THERE DOING WATCHDOG STUFF AND THEIR BITE IS GETTING PRETTY GOOD. OUR DIRECTION IS LOOKING FORWARD TO THE TASKS THAT WILL HAVE TO BE UNDERTAKEN TO PROVIDE FOR THE SURVIVAL AND EVOLUTION OF LIFE, STARTING WITH KIDS AND WATER BUT WE SURE ARE AWARE OF ALL THE STUFF GOING ON OUT THERE.
THE WHOLE LANDSCAPE OF THIS PLANET IS BEING TRANSFORMED IN WAYS THAT DO NOT MAKE SENSE YET IN MANY AREAS, BUT THESE ARE QUICKLY BEING DISSECTED AND THE TRUTH OF THEM BEING PUBLISHED ON A DAILY BASIS. INFORMATION FLOW IS ASTOUNDING. THIS IS TO BE EXPECTED IN THE COURSE OF GLOBAL EVENTS AND THE CHANGES THAT ARE COMING UP VERY QUICKLY NOW.
YOU CAN BE CERTAIN THAT A LOT OF THIS STUFF HAS EVERYTHING TO DO WITH THE COMING POLE SHIFT AND THE SLOSHING ABOUT OF THIS PLANET. POSITIONING THINGS IN THE WORLD IN READINESS OF THIS EVENT IS UNMISTAKABLE IN THE OVERALL PICTURE OF PRESENTING DIVERSIONARY INFORMATION THAT OBSCURES WHAT IS REALLY BEING DONE. ONLY SOME DIGGING CAN YOU FIND ALL THE PUZZLE PIECES AND REPORTS, OFFICIAL AND OTHERWISE.
THE UNDERGROUND CITIES AND BASES ARE A REALITY AND THERE FOR A REASON, THE MAIN ONE BEING THAT IT IS HOPED THAT THEY WILL PROPERLY SURVIVE THIS EVENT AS IT AIN’T GONNA BE NICE ABOVE GROUND FOR A WHILE.
PREVIOUS CIVILIZATIONS FACING THE SAME PROBLEM DID THE SAME. THIS TIME WE DO HAVE A VERY GOOD CHANCE OF CHANGING THINGS TO THE RIGHT PATH OF CREATION INSTEAD OF DESTRUCTION. I THINK WE ALL KNOW DESTRUCTION BY NOW, AND WHY SHOULD IT CONTINUE IF IT HAS FAILED US?
THIS COMING EVENT ALSO OFFERS GREAT OPPORTUNITIES TO THOSE THAT WISH TO TAKE THE FUTURE PATH. THIS IS WHY THE PROJECTS SHOULD BE GEARED FOR THE WELFARE OF OUR KIDS AND SENIORS AND CLEANING OUR WATERS. RELOCATION SERVICES WILL BE CRUCIAL AS WELL AS NEW SCHOOLS AND UNIVERSITIES IN SPECIFIC REGIONS ON STABLE LAND. THESE PROJECTS WILL BE GIVEN PRIORITY IN FIRST FUNDINGS. A NEW HOTEL OR RESORT DON’T CUT IT ESPECIALLY IF LOCATED ON SOME COAST.
THE TECHNOLOGIES THAT WILL BE AVAILABLE WILL BE PROVIDED TO ALL PROJECTS UNDERTAKEN. EACH PROJECT CAN TAKE ADVANTAGE IN INCORPORATING THEM IN THEIR EFFORT AS NEEDED. THIS CROSS POLLINATION IS A NORMAL PROCESS OF OUR EFFORT AND ITS TRANSPARENCY IN RESPECT OF SHARING WHAT WE HAVE.
THIS WILL NECESSARILY MEAN THE CONSTRUCTION OF NEW CITIES AND COMMUNITIES WITH ALL POSSIBLE TECHNOLOGY TO MAKE SUCH SELF-SUSTAINING ESPECIALLY IN STRESSFUL TIMES. CURRENT AND TO BE RECEIVED TECHNOLOGIES WILL BE MANUFACTURED AS QUICKLY AS POSSIBLE TO COVER AS MUCH DISTANCE AS POSSIBLE DURING THE SHORT TIMELINE EXPECTED. AGAIN, PROJECTS INVOLVING SUCH DIRECTIONS WILL BE GIVEN A PRIORITY STATUS BECAUSE OF WHAT THEY MEAN, NOT BY ANY BOTTOM LINE PROFIT PICTURE.
OUR INTAKE SYSTEM IS GEARED FOR BEING ADVENTUROUS AND SECURITY FOCUSED AT THE SAME TIME. PROJECTS WILL BE GONE OVER BY WISE WOMEN THAT HAVE THE PROFESSIONAL AND INTUITIVE GROUNDING TO PROVIDE THE SPECIAL REVIEW FOR THE FUNDING APPROVAL PROCESS. THE FUNDING PROCESS WILL INCORPORATE PRETTY WELL EVERY LEVEL OF COMPLIANCE I CAN THINK OF SHORT OF GETTING A CORE DUMP OF INFORMATION DIRECTLY FROM A BRAIN SCAN. THIS WILL GIVE US A DECENT PICTURE OF A PROJECT FOR FUNDING CONSIDERATION AND ALLOW US TO ACHIEVE A VERY HIGH PROJECT SUCCESS RATE.
THIS PROCESS WAS THOUGHT OUT BY ONE OF THE BEST IN THE WORLD AND OUR INNER CORE MEMBER. THE FLOW CHART IS QUITE PRECISE IN ITS INCORPORATION OF THESE DUE DILIGENCE OPERATIONS ON PROJECT INTAKE AND IS PRETTY WELL THOUGHT OUT WITH NO HOLES WE CAN SEE AT THE MOMENT. THE LAST THING WE NEED IS A PROJECT FOR A BAKERY THAT WILL PRODUCE CRACK PIPES ON THE SIDE. SECURITY IN THE OVERALL COMPLIANCE OF THE PROJECT WILL BE ROBUST AND CATCH ANY ATTEMPTS TO DEFRAUD THE FUNDING SERVICE. NO BAD GUYS ALLOWED.
KEEPING OUR EFFORT SECURE AND CLEAN WILL ALLOW OUR REPORTING AND FUNDING PROCESS TO BE CREDIBLE AND SET A STANDARD, AND WE ALL RECOGNIZE THIS AND ITS IMPORTANCE IN OUR DEPLOYMENT. WE HAVE STARTED FROM SOLID BEGINNINGS AND HAVE COME A LONG WAYS OVER THE LAST DECADES IN DEVELOPING THE BASIS OF THIS EFFORT WITH OVER 30 GOOD MEN AND WOMEN IN THE INNER CORE GROUP. THEY ARE ALL PROFESSIONALS AND HEADS OF THE SERVICE DIVISIONS, AND WE HAVE WELL OVER 200 SCIENTISTS, ENGINEERS, DOCTORS AND OTHER PROFESSIONALS READY TO DEPLOY SERVICES.
THIS EFFORT IS LARGE ENOUGH AS IT IS, AND WE FORESEE IT GETTING MUCH LARGER IN THE COMING YEARS AS WE RALLY TO THE WORK AHEAD OF US ALL. A VERY DIFFERENT WORLD WILL AWAIT US WHEN IT IS ALL SAID AND DONE, BUT THAT REBUILD WILL CONTINUE FOR A FEW DECADES AS WE GROW AND WE HAVE TO BEGIN THIS NOW. AS I HAVE SAID MANY TIMES WE ARE REALLY VERY LATE. THE RALLY CALL OF MAKING THE EARTH GREAT AGAIN CAN NOT BE SILENCED AND HAS ITS OWN MOMENTUM. WE HAVE THE SKILLS AND KNOWLEDGE BASE TO THINK OUR WAY OUT OF A WET PAPER BAG, AND I HAVE FAITH THAT WITH THE COMBINED EFFORT OF MANY WE WILL MAKE IT THROUGH IN A PRETTY DECENT WAY.
OF COURSE THE PREPPERS ARE ALREADY THERE AND READY RFOR ANYTHING, AND THAT BY ITSELF WILL BE ANOTHER SURVIVAL ELEMENT THAT WILL WORK FOR A LOT OF FOLK. YOU CAN ALSO STOCK UP BUT OVERDOING RIGHT NOW IS NOT REQUIRED. THE WARNING SIGNS OF THE CHANGES WILL BE AVAILABLE A LONG TIME BEFORE THEY HAPPEN SO THAT WOULD BE THE POINT OF BEING TRULY PREPARED FOR ANYTHING, AND THAT IS MY REFLECTION.
THE THEME OF THE DAY WILL BE SPEED. WE HAVE TO WORK FAST TO BE AS EFFECTIVE AS POSSIBLE IN GETTING THE NEW CITIES AND COMMUNITIES BUILT OR BUILD UP EXISTING GOOD LOCATIONS. GETTING THE TECHNOLOGIES MANUFACTURED WILL BE THE IMMEDIATE CHALLENGE AS THESE WILL BECOME HIGH DEMAND ITEMS FOR NEW PROJECT INCLUSION, AS WELL AS RETROFIT APPLICATIONS.
WE ARE FORTUNATE THAT THE GOOD GUYS HAVE FORESEEN THESE END TIME DIFFICULTIES AND HAVE MADE PROVISION FOR MANY ORGANIZATIONS TO DO THE WORK DESCRIBED ABOVE. WE ARE GRATEFUL TO BE PART OF THIS ASPECT AND VERY MUCH LOOK FORWARD TO THE SERVICE.
OUR DEEP THANKS TO ALL OF YOU THAT HAVE SUPPORTED US OVER THE YEARS, AND AS WE MOVE FORWARD, WE WILL BEGIN MAKING THE CALLS OUT TO THE PROJECTS AND TO THE ONES THAT WISH TO JOIN THIS EFFORT. THE EMPLOYMENT STANDARDS OF OUR ORGANIZATION ARE HIGH, AND THE REMUNERATION PACKAGES FOR THE VARIOUS POSITIONS COMMENSURATE WITH THE HIGHER END OF THE SCALE IN THE MARKETS AND THEN SOME.
THERE IS A LARGE DIFFERENCE IN OUR CORPORATE CULTURE IN THAT WE ALL BELIEVE IN DOING SOMETHING WE LOVE TO DO AND IS FUN. THE APPROACHES TO HUMAN RESOURCES OF OTHER ORGANIZATIONS STILL STUCK IN OLD WAYS DO NOT EXIST HERE. WE LAUGH A LOT AT THE PETTY FOIBLES AND SOMETIMES OUTRAGEOUS THINGS THAT ARE PRESENTED, AND GENERALLY POKE FUN AT STEREOTYPES THAT STILL DOMINATE SOME SECTORS. THIS HELPS US SEE BETTER WE FOUND.
AS IT WAS POINTED OUT TO ME NOTHING KILLS THE EGO LIKE PLAYFULNESS. LIKE LAUGHTER. WHEN YOU START TAKING LIFE AS FUN THE EGO HAS TO DIE. IT CANNOT EXIST ANYMORE IN THE FOREFRONT AND THAT MAKES FOR A COMPLETELY DIFFERENT MINDSET – ESPECIALLY WHEN IT IS NOT ABOUT THE MONEY.
GIVEN THAT, I AM SURE THAT THE GOOD FOLK THAT WILL JOIN IN WITH THIS EFFORT WILL REALLY ENJOY THEMSELVES AND DO MUCH GOOD FOR THE WORLD. THAT IS A VISION I HAVE HELD SINCE THE BEGINNING AND WITHOUT ARROGANCE I CAN SAY THAT I SURELY WILL SEE IT HAPPEN.
SO AGAIN A GREAT BIG THANK YOU FOR YOUR SUPPORT AND BEING IN TUNE WITH THE GLOBAL PICTURE. THE MORE OF US LIKE THIS THE BETTER AND THE FASTER THE JOB WILL GET DONE.
LOVE N HUGS. GOD BLESS.
LOVE AND LIGHT
IN OUR SERVICE
ZAP
“GOD IS; I AM; WE ARE”
“BE GOOD, BE LEGAL, TELL TRUTH”
MARCH 10, 2019
“MAKE THE EARTH GREAT AGAIN”©
“MEGA”©
COPYRIGHT ZAP 2013-2019
DID YOU KNOW?
The term “Pari Passu “(Latin for in equal step) and its relevance to International Financial Documents and Sovereign Bond Debt and their liabilities.
The notion of ranking equally (Pari Passu) comes from bankruptcy. When a company goes bankrupt and its assets are liquidated, the creditors who rank equally get proportional shares. The complication with sovereigns though is that they cannot and do not go bankrupt. They can run out of money, but they cannot be taken over and liquidated by their creditors when their primary asset is the willingness of their citizens to pay taxes. Citizens cannot be seized and then proportionately divided among its creditors
The Pari Passu clause has been around in sovereign debt bond contracts for a couple of centuries. Through the 1800s and 1900s its use gradually increased but it was still in a minority of all sovereign bonds. In today’s modern era there is almost no sovereign bond that doesn’t include the Pari Passu clause.
Simply put, when the Pari Passu clause appears in bond verbiage, all creditors must be paid equal and proportionately. You couldn’t pay one creditor and stiff another. This is important for all bond holders and gives them the entitlement to be made whole.
How do these default sovereign bonds work and what are the liabilities of the country that issued them? For the sake of explanation, we will use the Mexican Black Eagle.
The Mexican Black Eagle
The newly independent nation of Mexico successfully listed its first sovereign bond on the London Stock Exchange in 1824. With a war ravaged economy and lack of diplomatic recognition, Mexico was a risky credit, a fact reflected in the 9.14% yield-to-maturity it had to pay for the 1824 loan. The loan was well received by the stock market, however, and began trading on the LSE at 69% of par, a considerable premium above its IPO (Initial Public Offering) price of 58, and reached a high of 83 by February 1825. Confidence gained by the success of its 1824 issue and formal diplomatic recognition by the United Kingdom, Mexico returned to the London market with another bond offering in 1825. The 1825 loan had essentially identical terms to the 1824 loan23 and was issued with a yield of 6.81% similar to the yield of United States debt trading on the London Stock Exchange at the time.
Mexico defaulted on both issues in October 1827. Over the next sixty-one years bondholders were forced to agree to six restructuring attempts before a final resolution in 1888. With each attempted restructuring bondholders accepted haircuts in face value or interest in exchange for promises that this time the Mexican government would pay, only to be disappointed. As a result Mexico found itself unable to list new bonds on the exchanges of the United States and Europe and was forced to rely instead on domestic borrowing to fund its budget deficits throughout the 1830’s.
The “internal debt “of Mexico took the form of short term borrowing, forced loans or mortgages against future revenue streams. Mexico mortgaged future custom revenues by issuing certificates that paid interest and were accepted in payment of custom revenues. Forced loans and custom certificates were only a temporary solution. Due to a standing army and other internal debt liabilities that drained the treasury, Mexico found itself once again restructuring its sovereign debt and offering haircuts to creditors holding its bond issues. From 1824 to 1840 bond liabilities (guaranteed by the customs house) were rolled from one issue to the next. The debt from the 1820 issue was rolled to the debt of the 1824 issue then the 1824 issue was rolled to the 1827 issue and continued several times until landing in the 1843 - 27500 Black Eagle Issue.
This is primarily how almost all sovereign bond issues work. A bond is issued to fund a particular agenda, such as infrastructure, social development, government expansion, and modernization initiatives and so on. All these bonds and other sovereign debt instruments, in some form, are backed or guaranteed by western banks and financial institutions or, like Mexico, its custom revenues.
As in the Black Eagle, these sovereign debt liabilities are rolled forward and the liability distributed across multiple financial instruments or revenue mechanisms (i.e. currency, treasury notes, customs, tariffs, taxes. Interest rates, other bond issues), but never wholly resolved. (Imagine the complexity of determining the compensation values of those who hold the original issue of these debt instruments).
These outstanding default sovereign debt liabilities are still realized in the import-export taxes and tariffs which in turn is what dictates global trade, manufacturing and ultimately pricing which in turn controls Balance of Payments, sovereign debt balances, trade deficits, treaties and trade agreements.
Whether you know it or not as our global financial community has redistributed, prolonged or hidden the debt they have created, the brunt of the liability of that debt gets spread out on the shoulders of the populations unknowingly and effects pretty much every aspect of our lives. The Pari Passu clause, either by verbiage or spirit, is a universally accepted understanding, that all creditors must be paid equal and proportionately and we the people are the creditors. It is the fundamental basis why everyone holding currencies or Historical Assets is being paid equal and proportionately, not just those of position or elite status.
As a result it has been determined to offset and eliminate the unresolved debt obligations to level the playing field thus allowing all sovereigns an equal opportunity for economic development and in turn relieve or eliminate global poverty and financial instability.
This is not a simple matter and has been decades in its development. To make all aware of just how complex and deep these events are, consider the following.
The powers to be must :
1. Create the money (hedged against an asset based collateral)
2. Create a delivery system for the funds (Basil III, banking reform, CIPs (Cross-border International Payment System) RPS (Russian Payment System) and other numerous Data Delivery Systems or Distributed Ledger Technology (DLT), created by several counties to upgrade and reform the SWIFT payment system,
3. Oversight of the distributed funds i.e. (QFS/Blockchain Tech).
Everything suggests we should see the release of these funds in the very near future and we can begin the work ahead for project deployment and do our part in curing our humanity.
The Pari Passu and Black Eagle information is from excerpts taken from an essay “ Santa Anna and his Black Eagle: The Origins of Pari Passu “ written by Benjamin Chabot of the Federal Reserve bank of Chicago and Mitu Gulati Duke University Law.
If you would like a complete copy of the essay , please send a request to replytodjpost@gmail.com subject line Santa Anna.
Some of you may have already received this essay as I put it out around Mid Dec 2018.
DJ
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Love and Kisses,
Team "Poofness"
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"People Got To Be Free"
All the world over, so easy to see
People everywhere just wanna be free
Listen, please listen, that's the way it should be
There's peace in the valley, people got to be free
You should see what a lovely, lovely world this'd be
Everyone learned to live together, ah hah
Seems to me such an itty bitty thing should be
Why can't you and me learn to love one another?
All the world over, so easy to see
People everywhere just wanna be free (wanna be free)
I can't understand it, so simple to me
People everywhere just got to be free
If there's a man who is down and needs a helpin' hand
All it takes is you to understand and to pull him through, ah hah
Seems to me we got to solve it individually, ah ah
And I'll do unto you what you do to me
Said, no
Shout it from the mountain on out to the sea
No two ways about it, people have to be free (they gotta be free)
Ask me my opinion, my opinion will be
Natural situation for a man to be free
Get right on board now, huh, huh
Oh, what a feelin's just come over me
Love can move a mountain, make a blind man see
Everybody sing it now come on let's go see
Peace in the valley now, we all can be free
See that train over there?
Now that's the train of freedom
It's about to 'rrive any minute, now
You know it's been'a long, long overdue
Look out 'cause it's a'comin' right on through
Ha, ha, yeah
https://video.search.yahoo.com/yhs/search?fr=yhs-sz-001&hsimp=yhs-001&hspart=sz&p=UTUBE+PEOPLE+GOT+TO+BE+FREE#id=2&vid=4cdd58c9569a6fc89965cbee29b35e67&action=view
POOF SAID
Greetings and Salutations,
Now onward and upward as you like to say.!
We are happy to report that much progress has been made; turning points have been reached. Sizable bank accounts have been frozen and are under investigation having nothing to do with the work at hand but will impact the delay and seizure issues that are on going. Just be aware of the domino effect here and stay the course awhile longer.
The efforts of the concerted ground crew are complicated and the making of a new vision for the future is worth all of this.
Just be patient awhile longer with the matriculations of the manipulators and you will find the road ahead much smoother.
Poof
SUSAN SAYS
Dear Community,
I alone cannot change the world, but I can cast a stone across the water to create many ripples. — Mother Teresa
A Fight For Freedom
So many gave their lives
To keep our country free
But we rarely think about it
We treat it so carelessly
We go about our daily chores
Expecting our freedom to remain
We raise our children, go to work
Thinking life will be the same
But it doesn’t all just happen
For when you look back in history
Challenges came to the forefront
Folks fought hard for victory
It seems each generation
Has a challenge that must be met
Luckily there are special folks
Who have goals that are bravely set
So let’s all think about them
Let’s hold them in high esteem
Pray for the strong brave soul
And what freedom alway means!
Marilyn Lott
My understanding for week is, there is a temporary problem with the PP 's and a possible resolution shortly...stay tuned...
Namaste,
Susan
ZAP SAYS
HI ALL,
THIS IS A SPECIAL MESSAGE FOR ME TO DO IT TURNS OUT, AND IS THE 303RDINSTALLMENT (DISREGARDING MIDWEEK AT TIMES) IN THIS INFORMATION AND DISCLOSURE SERVICE THAT WAS CONTINUED IN RESPECT TO POOF.
IT HAS TURNED OUT THAT THIS PUBLIC DISCLOSURE OF SOME KEY INFORMATIONS OVER THE YEARS HAS BEEN OF HELP TO QUITE A FEW SOULS THAT RESONATE WITH OUR EFFORT AND WHO HAVE JOINED THE CHORUS.
KEY SCIENTISTS COMPRISING OF VISIONARIES IN THEIR RESPECTIVE FIELD OF SCIENCE IN CHEMISTRY, PHYSICS, COMPUTER SCIENCE, MATHEMATICS, AI, BIOLOGY, ASTRONOMY, AND SO ON HAVE FORGED STRONG RELATIONSHIPS WITH THIS COLLECTIVE EFFORT. THEY ARE ALL ON STANDBY TO BEGIN THE WORK AHEAD OF US ALL.
THIS WILL BE A BUSY TIME FOR ALL OF US GLOBALLY AS WE BEGIN THE DEPLOYMENT OF OUR SERVICES AROUND THE WORLD, BUT A CONCERN AMONG SOME OF US WERE THE SHIFTING POLITICS AND HOW DO WE INTERACT WITH THAT PART OF THE SYSTEM.
THE POLITICS ARE WHAT THEY ARE, AND WILL ALWAYS TAKE CARE OF THEMSELVES IN WHATEVER MANNER A SOLUTION EXISTS AT THE MOMENT. OUR EFFORT IS NOT AFFECTED BY ANY POLITICAL INFRASTRUCTURE AND THIS IS OUR NEUTRAL POSITION IN RESPECT OF POLITICS AND RELIGION. BEING ANYTHING OTHER DOES NOT MAKE SENSE TO THIS EFFORT AND WILL HINDER ITS IMPLEMENTATION.
THERE ARE STRONG LEADERS IN THE WORLD NOW THAT CAN PAVE THE PATH FOR A LOT OF GOOD CHANGES. DO NOT FORGET THAT SOMETIMES IT TAKES A BAD MAN TO DO GOOD THINGS, AND WE HAVE SEEN THIS AS A HISTORICAL EVENT TIME AND AGAIN. RIGHT NOW WE HAVE STRONG LEADERS IN THE THREE KEY COUNTRIES. WE HAVE THE NEW GODFATHER TRUMP, A SKILLED AND KNOWLEDGEABLE PUTIN, AND A DYNAMIC XI THAT HEAD THE ROSTER OF THE NATIONS. REGARDLESS OF THEIR INDIVIDUAL EXPERIENCES, THEY ARE ALL STRONG AND EFFECTING MASSIVE CHANGES.
THE ECONOMIES ARE BEING ALTERED IN FRONT OF OUR EYES AS POLITICAL MANOEUVERINGS ARE AT AN ALL TIME HIGH, AND NEW DIRECTIONS ARE BEING TAKEN IN THE WAY THINGS ARE BEING DONE IN THIS WORLD. ALL OF THAT IS SELF EVIDENT BUT NEEDS ANOTHER INTRODUCTION OF PERSPECTIVE IN SOME VITAL AREAS. SOME OF THE CHANGES ARE GOOD AND SOME ARE QUITE RADICAL. THE SMELLY ONES REEK OF HIDDEN AGENDAS.
ONE SUCH SMELL FOR EXAMPLE, IS THE NEW 5G BEING A (SUPPOSED CUTTING EDGE) TECHNOLOGY IN THE SMELLY CATEGORY SINCE IT WAS PASSED WITH ZERO FORMAL STUDIES (LIKE 3 AND 4G HAD TO) AND ZERO REGULATIONS GOVERNING MUCH MORE POWERFUL MICROWAVE RADIATION LIMITS. STRONGER MICROWAVES AND HUMAN/ANIMAL/VEGETABLE TISSUE DO NOT MIX WELL. THE 5G WAS PUSHED THROUGH WITHOUT DISCUSSION OR REGARD TO HUMAN WELFARE OTHER THAN “FASTER AND MORE CONTENT” MARKETING WHILE EVIDENCE WAS DISREGARDED OF HUNDREDS OF DEAD WILDLIFE IN THE TEST ZONES AS WELL AS MANY SICK PEOPLE. THIS IS ALL CATALOGUED AND ACCESSIBLE. HAVE ANY PEOPLE DIED AS A RESULT? I WOULD NOT BE SURPRISED.
IT WAS OFFERED THAT THE NORTH AMERICAN 5G IS ACTUALLY NOT THE HARMFUL 5G THAT CHINA IS SUPPOSEDLY DEPLOYING. GUESS WHAT, CHINESE ALSO SAY THAT THEIR 5G IS HARMLESS UNLIKE THE NORTH AMERICAN 5G.
I PUT IT FORWARD THAT BOTH SIDES ARE DISREGARDING THE HARM THE TESTS HAVE CAUSED. THERE IS NO “FINE TUNING” OF A STRONGER MICROWAVE FREQUENCY. IT IS WHAT IT IS. AND WHOEVER DEPLOYS IT IS GUILTY OF DEPLOYING A DEADLY WEAPON AS SHOWN BY EVIDENCE AND THIS AFFECTS EVERY SINGLE LIVING ENTITY ON THIS PLANET. TALK ABOUT SMELLY.
THE REAL 5G DEVELOPED MANY YEARS AGO IS A SPREAD SPECTRUM SYSTEM THAT GIVES BLINDING SPEED AND HUGE INFORMATION FLOWS WITHOUT INTERACTING WITH CELLS LIKE MICROWAVES DO.
ANOTHER DIRECTION IS THE CHANGE OF PERSPECTIVE IN REMOVING CONSTRAINTS ON PERFORMING WAR OR POLICE ACTIONS. IS THIS GOOD, BAD, OR SMELLY? THERE ARE A LOT OF ISSUES SURROUNDING THIS ONE BUT ONE OF THE COMMENTS IN THIS MESSAGE SEEMED TO SUM UP ONE PERSPECTIVE THAT SPOKE VOLUMES: “Can't let bad PR from civilian deaths get in the way of ""Murica, f**k yeah!"
https://twitter.com/breakingnews/status/1103351395644817408?s=12
BUT REGARDLESS OF SUCH GLOBAL AND POLITICAL MATTERS, OUR FOCUS REMAINS WHERE IT IS SUPPOSED TO BE. OTHERS MORE QUALIFIED CAN TACKLE THE 5G ISSUE AS THERE ARE RESISTANCE GROUPS OUT THERE DOING WATCHDOG STUFF AND THEIR BITE IS GETTING PRETTY GOOD. OUR DIRECTION IS LOOKING FORWARD TO THE TASKS THAT WILL HAVE TO BE UNDERTAKEN TO PROVIDE FOR THE SURVIVAL AND EVOLUTION OF LIFE, STARTING WITH KIDS AND WATER BUT WE SURE ARE AWARE OF ALL THE STUFF GOING ON OUT THERE.
THE WHOLE LANDSCAPE OF THIS PLANET IS BEING TRANSFORMED IN WAYS THAT DO NOT MAKE SENSE YET IN MANY AREAS, BUT THESE ARE QUICKLY BEING DISSECTED AND THE TRUTH OF THEM BEING PUBLISHED ON A DAILY BASIS. INFORMATION FLOW IS ASTOUNDING. THIS IS TO BE EXPECTED IN THE COURSE OF GLOBAL EVENTS AND THE CHANGES THAT ARE COMING UP VERY QUICKLY NOW.
YOU CAN BE CERTAIN THAT A LOT OF THIS STUFF HAS EVERYTHING TO DO WITH THE COMING POLE SHIFT AND THE SLOSHING ABOUT OF THIS PLANET. POSITIONING THINGS IN THE WORLD IN READINESS OF THIS EVENT IS UNMISTAKABLE IN THE OVERALL PICTURE OF PRESENTING DIVERSIONARY INFORMATION THAT OBSCURES WHAT IS REALLY BEING DONE. ONLY SOME DIGGING CAN YOU FIND ALL THE PUZZLE PIECES AND REPORTS, OFFICIAL AND OTHERWISE.
THE UNDERGROUND CITIES AND BASES ARE A REALITY AND THERE FOR A REASON, THE MAIN ONE BEING THAT IT IS HOPED THAT THEY WILL PROPERLY SURVIVE THIS EVENT AS IT AIN’T GONNA BE NICE ABOVE GROUND FOR A WHILE.
PREVIOUS CIVILIZATIONS FACING THE SAME PROBLEM DID THE SAME. THIS TIME WE DO HAVE A VERY GOOD CHANCE OF CHANGING THINGS TO THE RIGHT PATH OF CREATION INSTEAD OF DESTRUCTION. I THINK WE ALL KNOW DESTRUCTION BY NOW, AND WHY SHOULD IT CONTINUE IF IT HAS FAILED US?
THIS COMING EVENT ALSO OFFERS GREAT OPPORTUNITIES TO THOSE THAT WISH TO TAKE THE FUTURE PATH. THIS IS WHY THE PROJECTS SHOULD BE GEARED FOR THE WELFARE OF OUR KIDS AND SENIORS AND CLEANING OUR WATERS. RELOCATION SERVICES WILL BE CRUCIAL AS WELL AS NEW SCHOOLS AND UNIVERSITIES IN SPECIFIC REGIONS ON STABLE LAND. THESE PROJECTS WILL BE GIVEN PRIORITY IN FIRST FUNDINGS. A NEW HOTEL OR RESORT DON’T CUT IT ESPECIALLY IF LOCATED ON SOME COAST.
THE TECHNOLOGIES THAT WILL BE AVAILABLE WILL BE PROVIDED TO ALL PROJECTS UNDERTAKEN. EACH PROJECT CAN TAKE ADVANTAGE IN INCORPORATING THEM IN THEIR EFFORT AS NEEDED. THIS CROSS POLLINATION IS A NORMAL PROCESS OF OUR EFFORT AND ITS TRANSPARENCY IN RESPECT OF SHARING WHAT WE HAVE.
THIS WILL NECESSARILY MEAN THE CONSTRUCTION OF NEW CITIES AND COMMUNITIES WITH ALL POSSIBLE TECHNOLOGY TO MAKE SUCH SELF-SUSTAINING ESPECIALLY IN STRESSFUL TIMES. CURRENT AND TO BE RECEIVED TECHNOLOGIES WILL BE MANUFACTURED AS QUICKLY AS POSSIBLE TO COVER AS MUCH DISTANCE AS POSSIBLE DURING THE SHORT TIMELINE EXPECTED. AGAIN, PROJECTS INVOLVING SUCH DIRECTIONS WILL BE GIVEN A PRIORITY STATUS BECAUSE OF WHAT THEY MEAN, NOT BY ANY BOTTOM LINE PROFIT PICTURE.
OUR INTAKE SYSTEM IS GEARED FOR BEING ADVENTUROUS AND SECURITY FOCUSED AT THE SAME TIME. PROJECTS WILL BE GONE OVER BY WISE WOMEN THAT HAVE THE PROFESSIONAL AND INTUITIVE GROUNDING TO PROVIDE THE SPECIAL REVIEW FOR THE FUNDING APPROVAL PROCESS. THE FUNDING PROCESS WILL INCORPORATE PRETTY WELL EVERY LEVEL OF COMPLIANCE I CAN THINK OF SHORT OF GETTING A CORE DUMP OF INFORMATION DIRECTLY FROM A BRAIN SCAN. THIS WILL GIVE US A DECENT PICTURE OF A PROJECT FOR FUNDING CONSIDERATION AND ALLOW US TO ACHIEVE A VERY HIGH PROJECT SUCCESS RATE.
THIS PROCESS WAS THOUGHT OUT BY ONE OF THE BEST IN THE WORLD AND OUR INNER CORE MEMBER. THE FLOW CHART IS QUITE PRECISE IN ITS INCORPORATION OF THESE DUE DILIGENCE OPERATIONS ON PROJECT INTAKE AND IS PRETTY WELL THOUGHT OUT WITH NO HOLES WE CAN SEE AT THE MOMENT. THE LAST THING WE NEED IS A PROJECT FOR A BAKERY THAT WILL PRODUCE CRACK PIPES ON THE SIDE. SECURITY IN THE OVERALL COMPLIANCE OF THE PROJECT WILL BE ROBUST AND CATCH ANY ATTEMPTS TO DEFRAUD THE FUNDING SERVICE. NO BAD GUYS ALLOWED.
KEEPING OUR EFFORT SECURE AND CLEAN WILL ALLOW OUR REPORTING AND FUNDING PROCESS TO BE CREDIBLE AND SET A STANDARD, AND WE ALL RECOGNIZE THIS AND ITS IMPORTANCE IN OUR DEPLOYMENT. WE HAVE STARTED FROM SOLID BEGINNINGS AND HAVE COME A LONG WAYS OVER THE LAST DECADES IN DEVELOPING THE BASIS OF THIS EFFORT WITH OVER 30 GOOD MEN AND WOMEN IN THE INNER CORE GROUP. THEY ARE ALL PROFESSIONALS AND HEADS OF THE SERVICE DIVISIONS, AND WE HAVE WELL OVER 200 SCIENTISTS, ENGINEERS, DOCTORS AND OTHER PROFESSIONALS READY TO DEPLOY SERVICES.
THIS EFFORT IS LARGE ENOUGH AS IT IS, AND WE FORESEE IT GETTING MUCH LARGER IN THE COMING YEARS AS WE RALLY TO THE WORK AHEAD OF US ALL. A VERY DIFFERENT WORLD WILL AWAIT US WHEN IT IS ALL SAID AND DONE, BUT THAT REBUILD WILL CONTINUE FOR A FEW DECADES AS WE GROW AND WE HAVE TO BEGIN THIS NOW. AS I HAVE SAID MANY TIMES WE ARE REALLY VERY LATE. THE RALLY CALL OF MAKING THE EARTH GREAT AGAIN CAN NOT BE SILENCED AND HAS ITS OWN MOMENTUM. WE HAVE THE SKILLS AND KNOWLEDGE BASE TO THINK OUR WAY OUT OF A WET PAPER BAG, AND I HAVE FAITH THAT WITH THE COMBINED EFFORT OF MANY WE WILL MAKE IT THROUGH IN A PRETTY DECENT WAY.
OF COURSE THE PREPPERS ARE ALREADY THERE AND READY RFOR ANYTHING, AND THAT BY ITSELF WILL BE ANOTHER SURVIVAL ELEMENT THAT WILL WORK FOR A LOT OF FOLK. YOU CAN ALSO STOCK UP BUT OVERDOING RIGHT NOW IS NOT REQUIRED. THE WARNING SIGNS OF THE CHANGES WILL BE AVAILABLE A LONG TIME BEFORE THEY HAPPEN SO THAT WOULD BE THE POINT OF BEING TRULY PREPARED FOR ANYTHING, AND THAT IS MY REFLECTION.
THE THEME OF THE DAY WILL BE SPEED. WE HAVE TO WORK FAST TO BE AS EFFECTIVE AS POSSIBLE IN GETTING THE NEW CITIES AND COMMUNITIES BUILT OR BUILD UP EXISTING GOOD LOCATIONS. GETTING THE TECHNOLOGIES MANUFACTURED WILL BE THE IMMEDIATE CHALLENGE AS THESE WILL BECOME HIGH DEMAND ITEMS FOR NEW PROJECT INCLUSION, AS WELL AS RETROFIT APPLICATIONS.
WE ARE FORTUNATE THAT THE GOOD GUYS HAVE FORESEEN THESE END TIME DIFFICULTIES AND HAVE MADE PROVISION FOR MANY ORGANIZATIONS TO DO THE WORK DESCRIBED ABOVE. WE ARE GRATEFUL TO BE PART OF THIS ASPECT AND VERY MUCH LOOK FORWARD TO THE SERVICE.
OUR DEEP THANKS TO ALL OF YOU THAT HAVE SUPPORTED US OVER THE YEARS, AND AS WE MOVE FORWARD, WE WILL BEGIN MAKING THE CALLS OUT TO THE PROJECTS AND TO THE ONES THAT WISH TO JOIN THIS EFFORT. THE EMPLOYMENT STANDARDS OF OUR ORGANIZATION ARE HIGH, AND THE REMUNERATION PACKAGES FOR THE VARIOUS POSITIONS COMMENSURATE WITH THE HIGHER END OF THE SCALE IN THE MARKETS AND THEN SOME.
THERE IS A LARGE DIFFERENCE IN OUR CORPORATE CULTURE IN THAT WE ALL BELIEVE IN DOING SOMETHING WE LOVE TO DO AND IS FUN. THE APPROACHES TO HUMAN RESOURCES OF OTHER ORGANIZATIONS STILL STUCK IN OLD WAYS DO NOT EXIST HERE. WE LAUGH A LOT AT THE PETTY FOIBLES AND SOMETIMES OUTRAGEOUS THINGS THAT ARE PRESENTED, AND GENERALLY POKE FUN AT STEREOTYPES THAT STILL DOMINATE SOME SECTORS. THIS HELPS US SEE BETTER WE FOUND.
AS IT WAS POINTED OUT TO ME NOTHING KILLS THE EGO LIKE PLAYFULNESS. LIKE LAUGHTER. WHEN YOU START TAKING LIFE AS FUN THE EGO HAS TO DIE. IT CANNOT EXIST ANYMORE IN THE FOREFRONT AND THAT MAKES FOR A COMPLETELY DIFFERENT MINDSET – ESPECIALLY WHEN IT IS NOT ABOUT THE MONEY.
GIVEN THAT, I AM SURE THAT THE GOOD FOLK THAT WILL JOIN IN WITH THIS EFFORT WILL REALLY ENJOY THEMSELVES AND DO MUCH GOOD FOR THE WORLD. THAT IS A VISION I HAVE HELD SINCE THE BEGINNING AND WITHOUT ARROGANCE I CAN SAY THAT I SURELY WILL SEE IT HAPPEN.
SO AGAIN A GREAT BIG THANK YOU FOR YOUR SUPPORT AND BEING IN TUNE WITH THE GLOBAL PICTURE. THE MORE OF US LIKE THIS THE BETTER AND THE FASTER THE JOB WILL GET DONE.
LOVE N HUGS. GOD BLESS.
LOVE AND LIGHT
IN OUR SERVICE
ZAP
“GOD IS; I AM; WE ARE”
“BE GOOD, BE LEGAL, TELL TRUTH”
MARCH 10, 2019
“MAKE THE EARTH GREAT AGAIN”©
“MEGA”©
COPYRIGHT ZAP 2013-2019
DID YOU KNOW?
The term “Pari Passu “(Latin for in equal step) and its relevance to International Financial Documents and Sovereign Bond Debt and their liabilities.
The notion of ranking equally (Pari Passu) comes from bankruptcy. When a company goes bankrupt and its assets are liquidated, the creditors who rank equally get proportional shares. The complication with sovereigns though is that they cannot and do not go bankrupt. They can run out of money, but they cannot be taken over and liquidated by their creditors when their primary asset is the willingness of their citizens to pay taxes. Citizens cannot be seized and then proportionately divided among its creditors
The Pari Passu clause has been around in sovereign debt bond contracts for a couple of centuries. Through the 1800s and 1900s its use gradually increased but it was still in a minority of all sovereign bonds. In today’s modern era there is almost no sovereign bond that doesn’t include the Pari Passu clause.
Simply put, when the Pari Passu clause appears in bond verbiage, all creditors must be paid equal and proportionately. You couldn’t pay one creditor and stiff another. This is important for all bond holders and gives them the entitlement to be made whole.
How do these default sovereign bonds work and what are the liabilities of the country that issued them? For the sake of explanation, we will use the Mexican Black Eagle.
The Mexican Black Eagle
The newly independent nation of Mexico successfully listed its first sovereign bond on the London Stock Exchange in 1824. With a war ravaged economy and lack of diplomatic recognition, Mexico was a risky credit, a fact reflected in the 9.14% yield-to-maturity it had to pay for the 1824 loan. The loan was well received by the stock market, however, and began trading on the LSE at 69% of par, a considerable premium above its IPO (Initial Public Offering) price of 58, and reached a high of 83 by February 1825. Confidence gained by the success of its 1824 issue and formal diplomatic recognition by the United Kingdom, Mexico returned to the London market with another bond offering in 1825. The 1825 loan had essentially identical terms to the 1824 loan23 and was issued with a yield of 6.81% similar to the yield of United States debt trading on the London Stock Exchange at the time.
Mexico defaulted on both issues in October 1827. Over the next sixty-one years bondholders were forced to agree to six restructuring attempts before a final resolution in 1888. With each attempted restructuring bondholders accepted haircuts in face value or interest in exchange for promises that this time the Mexican government would pay, only to be disappointed. As a result Mexico found itself unable to list new bonds on the exchanges of the United States and Europe and was forced to rely instead on domestic borrowing to fund its budget deficits throughout the 1830’s.
The “internal debt “of Mexico took the form of short term borrowing, forced loans or mortgages against future revenue streams. Mexico mortgaged future custom revenues by issuing certificates that paid interest and were accepted in payment of custom revenues. Forced loans and custom certificates were only a temporary solution. Due to a standing army and other internal debt liabilities that drained the treasury, Mexico found itself once again restructuring its sovereign debt and offering haircuts to creditors holding its bond issues. From 1824 to 1840 bond liabilities (guaranteed by the customs house) were rolled from one issue to the next. The debt from the 1820 issue was rolled to the debt of the 1824 issue then the 1824 issue was rolled to the 1827 issue and continued several times until landing in the 1843 - 27500 Black Eagle Issue.
This is primarily how almost all sovereign bond issues work. A bond is issued to fund a particular agenda, such as infrastructure, social development, government expansion, and modernization initiatives and so on. All these bonds and other sovereign debt instruments, in some form, are backed or guaranteed by western banks and financial institutions or, like Mexico, its custom revenues.
As in the Black Eagle, these sovereign debt liabilities are rolled forward and the liability distributed across multiple financial instruments or revenue mechanisms (i.e. currency, treasury notes, customs, tariffs, taxes. Interest rates, other bond issues), but never wholly resolved. (Imagine the complexity of determining the compensation values of those who hold the original issue of these debt instruments).
These outstanding default sovereign debt liabilities are still realized in the import-export taxes and tariffs which in turn is what dictates global trade, manufacturing and ultimately pricing which in turn controls Balance of Payments, sovereign debt balances, trade deficits, treaties and trade agreements.
Whether you know it or not as our global financial community has redistributed, prolonged or hidden the debt they have created, the brunt of the liability of that debt gets spread out on the shoulders of the populations unknowingly and effects pretty much every aspect of our lives. The Pari Passu clause, either by verbiage or spirit, is a universally accepted understanding, that all creditors must be paid equal and proportionately and we the people are the creditors. It is the fundamental basis why everyone holding currencies or Historical Assets is being paid equal and proportionately, not just those of position or elite status.
As a result it has been determined to offset and eliminate the unresolved debt obligations to level the playing field thus allowing all sovereigns an equal opportunity for economic development and in turn relieve or eliminate global poverty and financial instability.
This is not a simple matter and has been decades in its development. To make all aware of just how complex and deep these events are, consider the following.
The powers to be must :
1. Create the money (hedged against an asset based collateral)
2. Create a delivery system for the funds (Basil III, banking reform, CIPs (Cross-border International Payment System) RPS (Russian Payment System) and other numerous Data Delivery Systems or Distributed Ledger Technology (DLT), created by several counties to upgrade and reform the SWIFT payment system,
3. Oversight of the distributed funds i.e. (QFS/Blockchain Tech).
Everything suggests we should see the release of these funds in the very near future and we can begin the work ahead for project deployment and do our part in curing our humanity.
The Pari Passu and Black Eagle information is from excerpts taken from an essay “ Santa Anna and his Black Eagle: The Origins of Pari Passu “ written by Benjamin Chabot of the Federal Reserve bank of Chicago and Mitu Gulati Duke University Law.
If you would like a complete copy of the essay , please send a request to replytodjpost@gmail.com subject line Santa Anna.
Some of you may have already received this essay as I put it out around Mid Dec 2018.
DJ
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