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VI. Assets, Currencies and Liability Redemptions
  
  6.1 Assets  
  Article 91- Universal Gold Credits  
91.1 Universal Gold Credits  
  Universal Gold Credits are hereby recognized as the second most valuable class of Assets that may ever be held by any Treasury or any Bank.  
  Universal Gold Credits are fully underwritten unit for unit by Supreme Credits. Therefore, the second highest class of Asset Accounts held by the Bank shall be the Asset Accounts of Universal Gold Credits.  
  Whilst Universal Gold Credits refer to gold in their title, they are in fact more valuable and functional than Gold and therefore provide a superior substitute for traditional gold bullion reserves.  
  Universal Gold Credits are not to be confused with gold certificates which are a much lower level of securitized asset based upon the requirement of a physical reserve of gold associated with the particular certificate.  
91.2 Asset Account entries of Universal Gold Credits  
  Consistent with the transfer of one hundred and fifty five thousand, two hundred and eighty one (158,281) Supreme Credits from Asset Trust Accounts to Asset Currency Accounts, the Treasury of the Bank shall make the following original account entries concerning the Asset Accounts of Universal Gold Credits:  
  (i) Approximately one hundred and fifty eight thousand, two hundred and eighty one (158,281) Universal Gold Credits have been formed as Securitized Assets fully underwritten unit for unit by the same amount of Supreme Credits deposited in Supreme Credit Asset Currency Accounts with the Treasury of the Bank; and  
  (ii) The full amount of one hundred and fifty eight thousand, two hundred and eighty one (158,281) Universal Gold Credits have been hereby deposited into the Treasury Asset Trust Accounts for Universal Gold Credits; and  
  (iii) Approximately four thousand, seven hundred and fifty two (4,752) Universal Gold Credits have been transferred from Asset Trust Accounts to Asset Bond Accounts representing 66 Universal Gold Credits for the seal bonds for each for the 1st 72 Notaries of the Globe Union of Unions; and  
  (iv) Approximately one hundred and fifty three thousand, five hundred and twenty nine (153,529) Universal Gold Credits have been transferred from Asset Trust Accounts to Asset Currency Accounts permitting the creation of the Globe Silver Credits as Securitized Asset to the same value.  
     
     
     
     
     
     
     
     
     
     
 
 

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