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IV. Globe Objects
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| Article 34-Gold Credo (Credit) | ||
| 34.1 | Gold Credo (Credit) | |
| A Gold Credo, also known as a Gold Credit is the second highest and most valuable currency ever formed. |
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| One hundred (100) Gold Credo shall be equal in value to one (1) Supreme Credo (Credit). |
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| The word credo comes from the Latin word credo meaning "to entrust, lend, have confidence in, believe in". It is the combination of Supreme (Spiritual) Credo plus Gold Credo plus Silver Credo that creates valid Union Moneta (Money) consistent with the ancient rights and customs of money since the beginning of valid currency. | ||
| A Gold Credo is never permitted to be fractionalized nor reduced in any way less than the whole number value of one (1). | ||
| 34.2 | Structure of a Gold Credo (Credit) | |
By this article, the following criteria shall be the essential requirements of a  Gold Credo (Credit): |
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| (i) At least one (1) valid unit of universal value evidenced by the existence of a unique eighteen (18) digit serial number representing the valid existence of the Gold Credo (Credit) belonging to the Great Ledger of Gold Credo (Credit) serial numbers for all Gold Credo (Credit) ever created and issued; and | ||
| (ii) A single beneficiary to whom the Gold Credo (Credit) is granted being a valid Union Reserve Bank; and | ||
| (iii) A record of the valid eighteen (18) digit Great Register number of office of Notary of One Heaven that first created the Gold Credo (Credit); and | ||
| (iv) A record of the valid eighteen (18) digit Great Register number of the member commissioned to the office of Notary that first created the Gold Credo (Credit); and | ||
| (v) The eighteen (18) digit Great Register number of the instrument to which the one or more Gold Credo (Credit) have been assigned; and | ||
| (vi) The Ucadian Time at which the Gold Credo (Credit) was legitimately created and assigned to its particular instrument; and | ||
| (vii) The eighteen (18) digit Great Register number representing the valid Account into which the one or more Gold Credo (Credit) have been placed; and | ||
| (viii) The eighteen (18) digit Great Register number representing the valid Supreme Credo (Credit) instrument specifically underwriting the issue of these one or more Gold Credo (Credit). | ||
| If one or more of these criteria cannot be demonstrated, then an object cannot be legitimately be considered as a valid Gold Credo (Credit). | ||
| 34.3 | Structure and Trade of an Authenticated Abstract of Gold Credo (Credit) | |
| An Authenticated Abstract of Gold Credo (Credit) shall be any printed instrument demonstrating all valid criteria for a valid Gold Credo (Credit). | ||
| The original form of Gold Credo (Credit) is and always shall be by its existence in the Great Register. By this Covenant, authenticated abstracts may be created for the purpose of trade and exchange between the seven (7) Reserve Banks being Globe Union Reserve Bank, Africans Union Reserve Bank, Americas Union Reserve Bank, Asia Union Reserve Bank, Arabian Union Reserve Bank, Euro Union Reserve Bank and Oceanic Union Reserve Bank. | ||
| Any claimed holder of a Gold Credo (Credit) that is not a Union Reserve Bank is an unlawful holder. Any claimed beneficiary that is not a valid Union is an invalid beneficiary. | ||
| 34.4 | Face value relationships of a Gold Credo (Credit) | |
| A Gold Credo (Credit) shall have the following permanent value relationships: | ||
100 gold credo (credit) = 1  supreme credo (credit) |
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1 gold credo (credit)= 10,000  silver credo (credit) |
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1 gold credo (credit)= 10,000,000  union moneta |
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1 gold credo (credit)= 10,000,000  university moneta |
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| 34.5 | Creation into circulation of Gold Credo (Credit) | |
| A Gold Credo (Credit) is created into circulation by one of two method of Underwriting: | ||
| (i) When a Union Treasury agrees to use its holdings of one or more Supreme Credo (Credit) to underwrite the value of Gold Credo (Credit) of the Bank for a fixed period of time; or | ||
| (ii) When a Union Reserve Bank receives a quantity of Gold Credo (Credit) from another Reserve Bank, or Treasury of a University Society and chooses to purchase one or more Supreme Credo (Credit) from a Union Treasury of equivalent value, removing the Gold Credo (Credit) from circulation. | ||
| 34.6 | Removal from circulation of Gold Credo (Credit) | |
| A Gold Credo (Credit) is removed from circulation by: | ||
| (i) A Union Reserve Bank requesting it be redeemed back to the Treasury in either equivalent value of Supreme Credo (Credit) or gold bullion; or | ||
| (ii) The fixed period of use of Supreme Credo (Credit) as underwriting expires. | ||
| 34.7 | Forbiddance of usury | |
| No Usury (interest) may be charged by any central bank on the manufacture and distribution of currency supported by the face value of the given Gold Credo (Credit) in circulation. |
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| Usury is banned by an entity being charged on the release of credits into circulation upon the certification of a valid loan. Only flat fees as a reflection of service, with no imputed attempt to hide usury as a fee is permitted. | ||
| The reason that Usury is banned is that it directly attacks the integrity and fabric of currency value and therefore wealth and commerce. This has been an ancient and fundamental understanding by civilizations using monetary systems for thousands of years. | ||
| 34.8 | Founding Notary and Supreme Protector Juno Moneta (Ba'ank) | |
| In accordance with this charter and the supremely sacred covenant Pactum De Singularis Caelum, the founding Notary and Supreme Protector that shall sign, seal and execute all Gold Credo (Credit) issued by the Globe Union Treasury is the member known as Juno Moneta (Ba'ank), from which the word "money" and the word "bank" is first sourced, also known as Trust Number 973210-312700-010053, also known as Isis, also known as Venus. | ||
| 34.9 | Foundation Capital Stock of Gold Credo (Credit) of Reserve Banks | |
| The Foundation Capital Stock of Gold Credo (Credit) issued by Globe Union Treasury on UCA E8:Y3209:A1:S1:M6:D1 also known as [21 December 2009] is one billion and four hundred and forty million (1,440,000,000) for the benefit of the following Union Reserve Banks: | ||
| (i) Twenty Five Million (25,000,000) Gold Credo (Credit) issued by the Africans Union Reserve Bank; and | ||
| (ii) Twenty Five Million (25,000,000) Gold Credo (Credit) issued by the Americas Union Reserve Bank; and | ||
| (iii) Ten Million (10,000,000) Gold Credo (Credit) issued by the Arabian Union Reserve Bank; and | ||
| (iv) Seventy Five Million (75,000,000) Gold Credo (Credit) issued by the Asia Union Reserve Bank; and | ||
| (v) Twenty Five Million (25,000,000) Gold Credo (Credit) issued by the Euro Union Reserve Bank; and | ||
| (vi) Five Million (5,000,000) Gold Credo (Credit) issued by the Oceanic Union Reserve Bank; and | ||
| (vii) One Billion (1,000,000,000) Gold Credo (Credit) issued by the Globe Union Reserve Bank. | ||
| Additional issue of Gold Credo (Credit) issued by Union Reserve Banks shall be determined by the Treasuries and the Boards of the Union Reserve Banks in accordance with their charter. | ||
| 34.10 | Silver Credo (Credits) | |
| To enable global trade and transfer of the value of Gold Credo (Credit) to the benefit of University Free Societies, a lesser currency known as Globe Silver Credits shall be formed. |
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| One valid Gold Credo (Credit) shall be equal to ten thousand (10,000) valid Globe Credits. |
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