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DATE: June 25, 2008
CONTACT: Clive Boustred
PHONE NUMBER: (831) 476-4300
ORGANIZATION: CopperCards, Ec.
EMAIL ADDRESS: press@coppercards.com
WEBSITE: www.CopperCards.com
COPPERCARDS ANNOUNCES THE BANK FOR THE NEW MILLENNIUM
SILICON VALLEY, California, U.S.A. Friday, June 13, 2008 – “Banks
charging interest on money is over. A new day has dawned for commerce in
America and around the world," said Clive Boustred, one of the foremost
strategists and architects for banking technologies world-wide at a
press conference today.
The event signaled the announcement of CopperCards Bank, a
free-market-valued, asset-backed trading and banking system that is a
viable replacement for today's money. CopperCards Bank Asset Exchange
has, according to Boustred and others in the industry, significant
advantages over current banking systems and money as we know it. They
went on to explain that almost anything can be registered, appraised and
turned into 'Coppers' the bank's trading currency. Second, every Copper
issued is backed by real verified assets valued at real-time market
value. Third, there are no interest charges or transaction fees to use
the CopperCards Bank.
Users of CopperCards Bank and Asset Exchange will be able to turn
assets into a means to buy the things that they need to run businesses
or feed their families. The users’ don¹t have to go through the steps
imposed upon them by the current banking system. Money, as we know it
today, is eliminated. In no case will those using the system have to use
the U. S. dollar or any other existing currency, although they can if
they want to. Not having to convert to money offers tremendous
advantages to all participants, according to Boustred.
Today's money is made out of noting and backed by noting, or
otherwise known as "fiat" money. As most financial specialist already
realize, the US dollar does not represent an ounce of gold, a piece of
real estate or anything that could be appraised for a market price.
Instead, its value hinges on imaginary and dangerous perception. If
people loose faith in the U.S. the dollar plummets in value. If the Fed
makes too much money, then demand reduces and the value of the money
drops. The Fed has been printing so much money that in 2006 they stopped
publishing the M3 money production report.
Almost all the world's banking is now based on imaginary value or
fiat money.
If the United States corporate government collapsed, the money that
they gave the Fed bank owners the exclusive franchise to make, would no
longer be accepted to purchase anything, and it would assume the same
value as Iraqi dinars. In the CopperCards Bank system, currency with
value, such as gold coins, would be accepted as payment for anything
even after any government no loner exists. Most major currencies in the
world are fiat currencies due to flaws in the global banking scheme of
central or reserve banks.
The global banking scheme was originated by a number of
privately-owned banks who appear to be, but are not government agencies.
They are mostly owned by the Rothschild’s family. Until recently, most
Americans were unaware that the Federal Reserve Bank is in fact,
private. This insight has sent tremors throughout markets and into the
mainstream.
Most of these banks are owned by a small number of individuals who
therefore control the overwhelming majority of the world's wealth. This
includes the United States Federal Reserve Bank, which makes the money
out of nothing then sells their money and charges interest on top of
that to the United States government, other governments’ and the public.
It is this fiat money made out of nothing and backed by nothing that in
effect, eats the labor and lives of Americans.
Through the Federal Reserve, that same small group controls the flow
of this fiat currency, charge interest and fees for the use of their
money. They have made a fortune doing so. For example, when a buyer
purchases a billion dollars of oil from Iraq, the buyer first has to
purchase a billion dollars of US currency from the owners of the Federal
Reserve Bank. The buyer has to give gold, oil or something of value in
order to purchase the billion US dollars. This means that the FED owners
receive real assets for money they made out of nothing.
The CopperCards Bank eliminates fiat money or the ability of the bank
to make money out of nothing. The CopperCards Banking system and the
Asset Exchange ensure that the Coppers currency represent actual value.
A house, a piece of land, precious metals, gems, minerals, inventories
of manufactured goods, raw materials, services , Dollars or Euros etc.
can all be represented in Coppers. Coppers represent real value just as
gold coins once did. However, Coppers have an important distinction,
their value will not diminish unexpectedly because the Coppers currency
trading exchange is designed so that it cannot fail. Accounts in the
CopperCards Bank are insured to an unlimited value.
Clive Boustred, founder and architect of CopperCards and InfoTelesys,
who provided the systems architecture to some of the world's largest and
most successful banking systems, said, “The gold standard is based on
the construct that anyone who can find shiny stuff is king, but at least
the gold itself is worth something. The Federal Reserve Bank
astonishingly literally makes money out of nothing and backs it with
nothing and charges interest on top of that!” Clive went on to add
“Whether money is printed on paper, metal or cotton, is not the issue,
the issue is interest and asset backed currency. CopperCards Bank
provides a true asset-backed interest-free currency that eliminates
bankers, governments, or corporations' ability to manipulate markets,
economies and money supply for their own interest.”
By utilizing innovation in the technological and communications
fields, the CopperCards Bank is able to introduce a truly revolutionary
banking architecture that eliminates what has been the root cause of a
great deal of corruption, many if not most depressions and most major
wars. What could be described as an integrated Stock Exchange, E-Bay,
Craig’s List and Advanced next-generation Communications system, this
CopperCards trading banking infrastructure can provide significant
relief to troubled economies.
"END" See CopperCards Bank
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