Global Currency Reset

Global Currency Reset

Karen Hudes Fri, Apr 17, 2015 at 10:40 PM
To: press@bis.org, email@bis.org, Chairman Nout Wellink <baselcommittee@bis.org> Cc:


eds01@worldbank.org, eds02@worldbank.org, eds03@worldbank.org, eds04@worldbank.org, eds05@worldbank.org, eds06@worldbank.org, eds07@worldbank.org, eds08@worldbank.org, eds09@worldbank.org, eds10@worldbank.org, eds11@worldbank.org, eds12@worldbank.org, eds13@worldbank.org, eds14@worldbank.org, eds15@worldbank.org, eds16@worldbank.org, "eds17@worldbank.org" <eds17@worldbank.org>, eds18@worldbank.org, eds19@worldbank.org, eds20@worldbank.org, eds21@worldbank.org, eds22@worldbank.org, eds23@worldbank.org, eds24@worldbank.org, eds25@worldbank.org




The monetary gold reserves of the following central banks are owned and held by the Global Debt Facility. These private banks are insolvent; most of their outstanding debt is held by the Global Debt Facility.

Although I was not permitted to enter the Spring Meetings today, I was able to confer on the seventh discussion point in the Letter of Intent dated November 8, 2014, https://s3.amazonaws.com/khudes/Letter+of+Intent.pdf with the Group of 77 and with several other countries. Between 1928 -1932 there were five years of Geneva conventions. In 1930 the U.S., Great Britain, France, Germany, Italy, Spain, Portugal all declared bankruptcy. It is not necessary for the Global Currency Reset to be preceded by treaties. Instead, the following Central Banks will be resolved by placing these banks under receivership in the Global Debt Facility. The activities of these central banks will be resumed by the countries in which they are located when the fractional reserve fiat currencies have been replaced by national currencies minted from the gold in the Global Debt Facility:



Bank of Algeria

Central Bank of Argentina

Reserve Bank of Australia

Central Bank of the Republic of Austria

National Bank of Belgium

Central Bank of Bosnia and Herzegovina

Central Bank of Brazil

Bulgarian National Bank

Bank of Canada

Central Bank of Chile

People's Bank of China

Bank of the Republic (Colombia)

Croatian National Bank

Czech National Bank

Danmarks Nationalbank (Denmark)

Bank of Estonia

European Central Bank


Bank of Finland 2



Bank of France

Deutsche Bundesbank (Germany)

Bank of Greece

Hong Kong Monetary Authority

Magyar Nemzeti Bank (Hungary)

Central Bank of Iceland

Reserve Bank of India

Bank Indonesia

Central Bank of Ireland

Bank of Israel

Bank of Italy

Bank of Japan

Bank of Korea

Bank of Latvia

Bank of Lithuania

Central Bank of Luxembourg

National Bank of the Republic of Macedonia

Central Bank of Malaysia

Bank of Mexico

Netherlands Bank

Reserve Bank of New Zealand

Central Bank of Norway

Central Reserve Bank of Peru

Bangko Sentral ng Pilipinas (Philippines)

National Bank of Poland

Bank of Portugal

National Bank of Romania

Central Bank of the Russian Federation

Saudi Arabian Monetary Agency

National Bank of Serbia

Monetary Authority of Singapore

National Bank of Slovakia

Bank of Slovenia

South African Reserve Bank

Bank of Spain

Sveriges Riksbank (Sweden)

Swiss National Bank

Bank of Thailand

Central Bank of the Republic of Turkey

Central Bank of the United Arab Emirates

Bank of England

Board of Governors of the Federal Reserve System (United States)


cc: by fax to the respective constituencies