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II. Currency Standards and Universal Principles
  
  2.3 Currencies of the Ucadian Societies  
  Article 18- Globe Silver Credit  
18.1 Globe Silver Credit  
  By the power and authority of Cartae Sacrorum De Congregatio Globus, a currency shall be formed known as Globe Silver Credits underwritten by Universal Gold Credits.  
  One (1) valid Universal Credit shall be equal to ten thousand (10,000) valid Globe Silver Credits.  
18.2 Structure of a Globe Silver Credit  
  By this article, the following criteria shall be the essential structural components of a Globe Silver Credit:  
  (i) At least one (1) valid unit of universal value evidenced by the existence of a unique eighteen (18) digit serial number representing the valid existence of the Globe Credit belonging to the Great Ledger of Universal Credit serial numbers for all Universal Credits ever created and issued; and  
  (ii) A single beneficiary to whom the Globe Credit is granted being either a valid Corporate member or Individual member of the Society; and  
  (iii) A record of the valid eighteen (18) digit Great Register number of office of Notary that first created the Globe Credit; and  
  (iv) A record of the valid eighteen (18) digit Great Register number of the member commissioned to the office of Notary that first created the Globe Credit; and  
  (v) The eighteen (18) digit Great Register number of the instrument to which the one or more Globe Credits have been assigned; and  
  (vi) The Ucadian Time at which the Globe Credit was legitimately created and assigned to its particular instrument; and  
  (vii) The eighteen (18) digit Great Register number representing the valid Account into which the one or more Globe Credits have been placed; and  
  (viii) The eighteen (18) digit Great Register number representing the valid Universal Gold Credit instrument specifically underwriting the issue of these one or more Globe Silver Credits.  
  If one or more of these criteria cannot be demonstrated, then an object cannot be legitimately be considered as a valid Globe Credit.  
18.3 Underwriting of Globe Silver Credit  
  All valid Globe Silver Credits are first issued by the Globe Union Reserve Bank against pre-existing Universal Gold Credits deposited and existing within an account.  
  No valid Globe Silver Credit may lawfully be issued without an associated Universal Gold Credit and account by a competent authority.  
18.4 Structure of an Authenticated Abstract of Globe Silver Credit  
  An Authenticated Abstract of Globe Credit shall be any printed instrument demonstrating all eight (8) valid criteria for a valid Globe Credit.  
  The original form of Globe Credit is and always shall be by its existence in the Great Register. By this Covenant, authenticated abstracts may be created for the purpose of demonstrate the legitimate existence of Globe Credits and their instruments.  
  The possession of an Athenticated Abstract of Globe Credits does not in any way imply possession of actual Globe Silver Credits unless the recipient is the valid beneficiary and the Globe Silver Credits listed upon the Athenticated Abstract lawfully exist in an account in their name.  
18.5 Face value relationships of a Globe Silver Credit  
  A Globe Credit shall have the following permanent value relationships:  
  1 supreme credit = 100 universal (gold) credits  
  1 supreme credit = 1,000,000 globe (silver) credits  
  1 supreme credit = 1,000,000,000 sovereign credits  
  1 universal credit = 10,000 globe (silver) credits  
  1 universal credit= 10,000,000 sovereign credits  
  1 globe (silver) credit = 1,000 sovereign credits  
18.6 Forbiddance of usury  
  No Usury, also known as interest, may be charged by any central bank, or entuty on the manufacture and distribution of Globe Credits and any currency it supports.  
  The charging of interest is considered a serious crime against the society with significant penalties if breached.  
     
 
 

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