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IV. Globe Objects
  
  Article 34-Silver Credo (Credit)  
34.1 Silver Credo (Credit)  
  Silver Credo, also known as Silver Credits are the third most valuable currency ever formed.  
  One (1) valid Gold Credo (Credit) is equal to ten thousand (10,000) valid Silver Credo (Credits).  
  The word credo comes from the Latin word credo meaning "to entrust, lend, have confidence in, believe in". It is the combination of Supreme (Spiritual) Credo plus Gold Credo plus Silver Credo that creates valid Union Moneta (Money) consistent with the ancient rights and customs of money since the beginning of valid currency.  
  A Silver Credo is never permitted to be fractionalized nor reduced in any way less than the whole number value of one (1).  
34.2 Structure of a Silver Credo (Credit)  
  By this article, the following criteria is the essential structural components of a Silver Credo:  
  (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 Silver Credo belonging to the Great Ledger of Gold Credo (Credit) serial numbers for all Gold Credo ever created and issued; and  
  (ii) A single beneficiary to whom the Silver Credo is granted being a valid University Society; and  
  (iii) A record of the valid eighteen (18) digit Great Register number of office of Notary that first created the Silver Credo; 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 Silver Credo; and  
  (v) The eighteen (18) digit Great Register number of the instrument to which the one or more Silver Credo have been assigned; and  
  (vi) The Ucadian Time at which the Silver Credo 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 Silver Credo have been placed; and  
  (viii) The eighteen (18) digit Great Register number representing the valid Gold Credo instrument specifically underwriting the issue of these one or more Silver Credo.  
  If one or more of these criteria cannot be demonstrated, then an object cannot be legitimately be considered as a valid Silver Credo.  
34.3 Structure and Trade of an Authenticated Abstract of Silver Credo (Credits)  
  An Authenticated Abstract of Silver Credo shall be any printed instrument demonstrating all eight (8) valid criteria for a valid Silver Credo.  
  The original form of Silver Credo is and always shall be by its existence in the Great Register. By this Covenant, authenticated abstracts may be created for the purpose of trade and exchange between all valid National Societies and the seven (7) Reserve Banks being Globe Union Reserve Bank, Africans Union Reserve Bank, Americas Union Reserve Bank, Asia Union Reserve Bank, Arabian Union Reserve Bank, Euro Union Reserve Bank and Oceanic Union Reserve Bank.  
  Any claimed holder of a Silver Credo that is not a Union Reserve Bank or valid National Society is an unlawful holder. Any claimed beneficiary that is not a valid Union or valid National Society is an invalid beneficiary.  
34.4 Face value relationships of a Silver Credo (Credit)  
  A Silver Credo shall have the following permanent value relationships:  
  1,000,000 silver credo = 1 supreme credo  
  10,000 silver credo= 1 gold credo  
  1 silver credo= 1,000 union moneta  
  1 silver credo= 1,000 university moneta  
34.5 Creation into circulation of Silver Credo (Credit)  
  A Silver Credo is created into circulation by one of two method of Underwriting:  
  (i) When a Union Reserve Bank agrees to use its holdings of one or more Gold Credo to underwrite the value of Silver Credo of the Bank for a fixed period of time; or  
  (ii) When a Union Reserve Bank receives a quantity of Union Moneta or University Moneta from another Reserve Bank, or Treasury of a University Society and chooses to purchase one or more Gold Credo of equivalent value, removing the Union Moneta or University Moneta from circulation.  
34.6 Removal from circulation of Gold Credo (Credit)  
  A Silver Credo is removed from circulation by:  
  (i) A Union Reserve Bank requesting a Silver Credo be redeemed back to the Treasury in either equivalent value of Gold Credo or silver bullion; or  
  (ii) The fixed period of use of Gold Credo as underwriting expires.  
34.7 Forbiddance of usury  
  No Usury, also known as interest, may be charged by any central bank, or entity on the manufacture and distribution of Silver Credo 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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