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you are here: > Glossary
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| General Administration Division (GAD) | ||
| One of the ten (10) Divisions (departments) of the Globe Union Reserve Bank. The General Administration Division (GAD) responsible for general day to day administration matters including personnel, secretarial, training, education, technology, security and all operational requirements. |
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| Global Financial System | ||
| A loose array of partly public and regulated, unregulated and largely hidden networks of debts and asset control that represents the historic "system" of financial management up until 2009. Deliberately and falsely described as a "system", it may best be described as being constructed of five (5) distinct and often competing/contradictory networks: (1) Industrialized debt-based Banking Cartel represented by the IMF, US Federal Reserves, Bank for International Settlements and the World Bank; (2) Wholesale money and bond markets, dominated by such institutions as the London Interbank Offered Rate (LIBOR); (3) Unregulated hedge and speculative debt markets; (4) Private holdings of extreme amounts of gold, silver and assets and (5) Central and regional banks of the world. In contrast, the Supreme Financial System removes the ability of private cartels to manipulate the scarcity of capital by demonstrating a seemless integrated and fully public financial model. | ||
| Globalization | ||
| The process through which an increasingly free flow of ideas, people, goods, services, and capital leads to the integration of economies and societies. Major factors in the spread of globalization have been increased trade liberalization and advances in communication technology. |
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| Globe Relief and Reconstruction Agency (GRRA) | ||
| One of the ten (10) Divisions (departments) of the Globe Union Reserve Bank. The Globe Relief and Reconstruction Agency (GRARA) is the agency of the bank responsible for financial assistance to members and non-members concerning the provision of capital, assistance in the event of major catastrophe. |
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| Globe Dispute Settlement Exchange (GDSX) | ||
| One of the ten (10) Divisions (departments) of the Globe Union Reserve Bank. The Globe Dispute Settlement Exchange (GDSX) is the primary mechanism for settling all international investment and financial disputes. The Exchange has the same powers as the Globe Union Supreme Court and the supreme powers of the Bank in making final judgments and orders. |
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| Gross Domestic Product (GDP) | ||
| Discredited inferior metric. Gross domestic product represents the total value of final goods and services produced within a country during a specified time period, such as one year. |
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| Gross National Consumption (GNC) | ||
| An official and key economic index used by the Globe Union Reserve Bank and its members in precise financial planning and prosperity growth. Gross National Consumption measures the total consumption of capital in the production of total goods and services measured by Gross National Product (GNP). When Gross National Consumption is deducted from Gross National Product, it produces a measure of Gross National Value (GNV)--a true measure of growing or declining wealth and prosperity of a Member nation. | ||
| Gross National Product (GNP) | ||
| An official and key economic index used by the Globe Union Reserve Bank and its members in precise financial planning and prosperity growth. Gross National Product (GNP) is the total market value of the final goods and services produced by a Member's economy during a specific period of time (such as a year), excluding calculations for depreciation, or consumption of capital in the process of production. GNP is distinguished from Net National Product (NNP) which is computed after depreciation and losses are made. | ||
| Gross National Value (GNV) | ||
| An official and key economic index used by the Globe Union Reserve Bank and its members in precise financial planning and prosperity growth. Gross National Value (GNV) measures the new wealth generated, or the wealth lost by a Member nation over a period of time (usually a year). It is determined by deducting Gross National Consumption (GNC) from Gross National Product (GNP). | ||
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