 |
|
|
|
|
|
|
|
 |
|
||||||
|
|||||||
you are here: > Glossary
> B
| Balance of Payments (BOP) | ||
| A statement summarizing the economic transactions between the residents of a country and nonresidents during a specific period, usually a year. The BOP includes transactions in goods, services, income, transfers and financial assets and liabilities. Generally, the BOP is divided into two major components: the current account and the capital and financial account. |
||
| Bank for International Settlements (BIS) | ||
| A private banking cartel based in Switzerland, first properly formed in 1933 between the Vatican Bank, the private US Federal Reserve Banks, the Bank of England and Nazi Banks to reloan the vast quantities of gold removed as the standard underwriting asset of global currencies back to central banks, on policy conditions and increased debt obligations. It remains the most secretive arm of the Industrialized debt-based banking Cartel that that has constricted and controlled global finance for more than eighty years. The influence of the BIS had been steadily decreasing over the past two decades as more central banks rejected the constant draconian obligations of the BIS in suppressing real wages growth and growth of wealth in non-industrialized nations. However, the influence of the BIS has returned to pre-eminance with the deliberate collapse of the debt-based currency systems, forcing many central banks into agreements once again with the BIS. | ||
| Base Period | ||
| The Base Period is the base time period during which a determination is made on the global supply of a particular level of Triple Asset Underwritten Currency and capital. For Supreme Credits, the Base Period is every sixty four years for minor adjustments and one hundred and twenty eight years for major adjustments. For Universal Gold Credits, the base period is every eight years. For Globe Silver Credits, the base period is every year (12 months). For Union Sovereigns, it is every month. | ||
| Benchmarks | ||
| Also known as Key Indexes and Key Metrics. In the context of Globe Union Reserve Bank programs, a point of reference against which progress may be monitored. All Benchmarks are managed by the Strategic Ratings Division (SRD) of the Bank. Benchmarks may be either quantitative or structural in content, and may have different base periods of calculation depending upon the Index itself. |
||
| Broad Money | ||
| A measure of the money supply in an economy, with broad coverage. Broad money usually includes national currency and deposits held by residents in depository institutions; these deposits may be either transferable, such as demand deposits, or nontransferable, such as term deposits; deposits denominated in foreign currency and held by residents may also be included in broad money. |
||
| Budget | ||
| A statement of the projected revenues, proposed expenditures, and planned financing of any surplus or deficit of an entity, especially government. |
||
| Budget Planning Division (BPD) | ||
| One of the ten (10) Divisions (departments) of the Globe Union Reserve Bank. The Budget Planning Division (BPD) of the Bank is the Division responsible for all budget forecasting and member budget planning consistent with their obligations and agreements. |
||
Copyright 2009 Americas-Union-Bank.Org. All rights reserved. |
||