CARDEN POST FOR THE NEWBIES, 2 JUNE

These bonds were issued by a sovereign government – one with a CENTRAL BANK – and sold to an entity which might be an individual or a corporation.

The bonds are termed “historical” because some are issued in the early 1800′s and others such as Brazilian LTNs (long term notes) are from the 70′s.

These bonds, like all paper issued against an asset, freeze that asset until the paper is remitted – “redemption” is the term used. Once the bonds are formally accounted//verified by the third party expert (various companies and at least one in each country, with an acknowledged authority for authenticating such historical paper) they go into the system.

The “system” includes: that country’s central bank; the UN, which approves the release of funds against the bond, the BIS; the UST which again confirms the ability to release new paper against a new bond based on the value of hard assets released and supported by the “private monetary system” including several additional entities.

With that explanation is it any wonder that it has taken YEARS to get this process to completion? And YEARS is the right definition. So much “fraud” has been “uncovered” in the process of claiming these bonds. And the word fraud is in quotes because many normal people got caught up in this unknowingly.

Each central bank keeps a ledger of every single bond ever issued and the owner’s name is found there. Like all properties ownership is tracked, It’s been a challenging situation.

That said, it is my opinion that we have gone past the finish line and bonds are being redeemed and cleared and new government bonds are being issued.

We can surmise that by one single demonstration found last week when the market saw an all-time high in bond sales (I believe it was 10x’s more than ever before). This, if nothing else, demonstrates exactly where we are.

We are at KABOOM stage!   Hope that helps your understanding.

I might add that the reason these government bonds are able to be “redeemed” is because a couple of M1 accounts – “Heritage” accounts; were released.

Only after this happened (which was back last October, I believe), could this process begin in earnest, and it did…

More “frozen” accounts are still being held and these are all allocated for various things you have heard about. The legal maneuverings to release these accounts is continuing in earnest.