2008 04 22: REGARDING MY ALTERNATIVE BANKING PROJECT

ReGaRDiNG MY aLTeRNaTiVe BaNKiNG PRoJeCT

Regarding my alternative banking project please check this on my site‏
From: leo young (leoyoung1999@yahoo.com)
Sent: 22 April 2008 07:24:09
To: troy
from
http://www.illuminaticonfessions.webfriend.it/newarticles_51_60.htm

A committee to create a Bank for cc settlements
(1/8/2007)

Rome: A committee to create a Bank for cc settlements
- Jan 3, 2007

On 3 January in Rome there was a meeting that
originated a committee for an international clearing
house to deal with local and complementary currencies
- namely 'cc'.
The clearing house is named:
Bank for Transcendental Settlements (BTS).

The committee to establish the BTS is formed by:
- Guglielmo Maria Lolli Ghetti;
- Marco Saba;
- Luciano Taurino;
- Giorgio Vitali;
- Leo Young Zagami (a.k.a. Khaled Saifullah Khan)
The names are given in alphabetical order because the
committee act as a round table.

The aim of the institution - that will operate like
SWIFT or CHIPS - is to bring together all the issuers
of complementary currency in a common environment to
sustain international trade and exchanges.

There is two ways a cc issuer may deal through BTS: as
a partner or as a customer (or both).

Possible partners are filtered-in by the round table
and must follow some simple rules:
- the cc they use must not be issued as a
debt-backed-currency (i.e. backed by treasury bonds or
other future-tax related debts);
- the cc must operate in a sharia-compliant
environment
(i.e. loans issued in that cc must not carry any kind
of interest);
- the cc must float in a free market environment
against other cc without any fixed-exchange agreement.
- the cc must not work in a currency board regime and
must not be backed by usurary currency reserves
(i.e.: USD, EUR, YEN, etc.)

A further meeting is envisaged for mid-february to
charter the BTS and to choose the definitive location
where the headquarters will be located.

For any further information, please contact Marco Saba
at:
marcosaba@centrostudimonetari.org

http://www.illuminaticonfessions.webfriend.it/newarticles_51_60.htm

A committee to create a Bank for cc settlements (1/8/2007)

Rome: A committee to create a Bank for cc settlements
– Jan 3, 2007

On 3 January in Rome there was a meeting that originated a committee for an international clearing house to deal with local and complementary currencies – namely ‘cc’.
The clearing house is named:
Bank for Transcendental Settlements (BTS).

The committee to establish the BTS is formed by:
– Guglielmo Maria Lolli Ghetti;
– Marco Saba;
– Luciano Taurino;
– Giorgio Vitali;
– Leo Young Zagami (a.k.a. Khaled Saifullah Khan)
The names are given in alphabetical order because the
committee act as a round table.

The aim of the institution – that will operate like SWIFT or CHIPS – is to bring together all the issuers of complementary currency in a common environment to
sustain international trade and exchanges.

There is two ways a cc issuer may deal through BTS: as
a partner or as a customer (or both).

Possible partners are filtered-in by the round table and must follow some simple rules:
– the cc they use must not be issued as a debt-backed-currency (i.e. backed by treasury bonds or other future-tax related debts);
– the cc must operate in a sharia-compliant environment
(i.e. loans issued in that cc must not carry any kind
of interest);
– the cc must float in a free market environment against other cc without any fixed-exchange agreement.
– the cc must not work in a currency board regime and
must not be backed by usurary currency reserves
(i.e.: USD, EUR, YEN, etc.)

A further meeting is envisaged for mid-february to charter the BTS and to choose the definitive location where the headquarters will be located.

For any further information, please contact Marco Saba
at:
marcosaba@centrostudimonetari.org


About this entry