GEC National Treasury balance components. What constitutes National Treasury?
You can also read it as ‘GEC National Wealth balance’. So, what cumulates into National treasury reserve?
The answer is simple. “Wealth” only. Examples of what adds into national reserve: Cash reserves, commodity reserves built by cash (e.g., Fort Knox gold reserve in USA)
What does not constitute national treasury or national wealth reserve?
Natural resources / reserves, minerals etc., (in earth). It is not ‘Wealth’. Or at least not translated into wealth. Examples are: Estimates of iron ore reserves, oil reserves, minerals, or metals in mine sites, or similar.
All countries to declare their opening balance on actual wealth or reserve.
The opening balances of all countries: All countries must declare their true / real national wealth reserve or treasury balance to GEC. The opening national treasury balances of all countries would be recorded by GEC. It must be understood by all the World countries, that opening balances will range from Zero to small balances of 1 Million, 10 Million to moderate balances of 100 Million, 500 Million, 1 Billion with few countries declaring opening balances of 10 Billion or more.
The problem: While all the World countries (non-USA) would record their opening national treasury balances on ‘actuals’ (the real value as of that date), there is no starting point reference for USA to declare an opening balance due to their unlimited currency printing for over two centuries.
Recommended Solution: USA must go on actual – real balance as opening national treasury balance which will only be their Fort Knox gold reserve. And not claim any cash component since it is directly linked to the unlimited printing for over two centuries. This will immediately be approved by all 192 other countries. Fort Knox gold reserve was estimated at 380 Billion $ few years ago.
If USA does want to claim a cash component, on top of Fort Knox gold reserve, they must expect intense opposition from 192 other countries, given all the events of last 240 to 600 years. Further, such a claim is unlikely to be approved by 192 world countries in an approval vote.
WHATEVER WOULD BE USA NATIONAL OPENING TREASURY BALANCE IT MUST BE SUBJECTED TO ‘APPROVAL VOTING’ AT UNGA BY ALL 193 COUNTRIES.
Other factors pertaining to GEC Opening National Treasury Balances of 193 Countries. Several options have been considered by me, and I finally recommend the following factors to be taken into consideration by 193 countries at UNGA.
The current day rich countries got rich because they have cashed out on all their past inventions which is the very reason they got rich.
It is the turn of India to cash out and get rich now, by my invention US 8,910,998.
For USA, I recommend the following as their final national treasury opening balance. Go on actuals – declare only Fort Knox gold reserve. If they attempt to claim a cash component, they must expect intense backlash from 192 other countries. Whatever USA opening national treasury balance is or their claim is must be subjected to an ‘Approval voting’ by 192 non-usa countries.
USA must also expect the ‘Import bill fraud’ lawsuits for the fraud they have committed for the past 160 to 240 years; after project Earthling(c) goes live.
Baseline National Treasury reserves when Project Earthling© goes live
Simple objective: The Central bank starting balances when Earthling goes live must be a true, real reflection of the existing world and each country’s economies and their real earnings. This is the objective, when Earthling goes live and Countries across the World baseline their Central bank starting balances with GEC. Real reflection of true earnings is the key phrase. It must be understood that the rich countries today got rich because of their inventions which they cashed out on, thus getting rich. So, all the past inventions and discoveries have been cashed out by the respective countries. So, any retrospective additions to national treasury opening balances will be refused and denied by 193 UN countries.
Key Factors related to the ‘First entry’ and ranking of National treasury balances:
- India must become the richest country by treasury holdings when this deal is complete, due to the sale of worldwide IP rights to my invention US 8,910,998.
- India is earning the wealth by this Invention of their citizen. So, Inventor and India are claiming the wealth rightfully, and cashing out in a cash out model.
- With such wealth, India will move towards ‘Goal Year 2050’; and in doing so, procure products and services from most countries in the world, thus delivering business, wealth and growth to many countries in World.
- Further ‘Goal Year 2050’ will be followed by at least 100 poor countries in the world, thus achieving their own countries economic growth, progress, and development.
- USA on the other hand has been printing USD for themselves and for the World (as much as they want) and mixing it into the Global trade, banking and business system for past few centuries. So, when Project Earthling© goes live and each country’s National central bank balance / holdings (treasury reserve) are recorded (e.g., Official on the record starting balance as of Jan 1, 2022); what would USA’s starting balance number will be? There is no reference, there is no starting point due to the unlimited printing of 200 to 300 years. Hence, Fort Knox gold reserve will be the only recognized national treasury balance for USA. That or any number they claim must be subjected to decisive voting of all 193 countries.
- UK, Canada, Australia and NZ starting balances must also be validated by the global community. Needless to say; they must be on actuals and they will certainly rank well below USA.