[11:37:44 AM, SUNDAY 04/13/14] Capital Resources:
Last Thursday the BIS (Bank of International Settlement) made the first payment of funds to Governments and organizations, on Friday USA signed the entry into effect of the new dollar TRN (backed in gold by the Basel III regulations compliance) and major transactions were effective this same Saturday. This continues today Monday and will continue this week until the new system is learned.
The funds will move down the levels, and will be available for the General Paymasters between tonight and tomorrow Tuesday. The funds will be sent by the the Paymasters on Wednesday and Thursday; and they will arrive to the platforms between Thursday and Monday depending on international transfer times. Hong Kong was ahead in this process because they do not rely on the issuance of TRN and they could cash in USD, however platforms must wait for their conversion to TRN. The banking system needs a week to fit the new system, to be efficient and meet all the Basel III agreements, in the future all transactions must be approved on the basis of Basel III with the appointment of an official that will verified it adjust to the regulation.
All packages of bonds will be processed quickly now, and both the Department of Treasury of the United States much as China will streamline the process during this phase of Pre-reset and prepare large number of purchasing/redemption of bonds. The first TTMs already have been organized with large discretion; This activity will last until mid-April where all Farmers and 10,000 liberty must be paid; and April 17 is marked as the day when it will be announced the second payment of the remainder of bonds, following the process again the process previously indicated.!.
Posted by John MacHaffie at 10:15 PM