CHATGPT : What is NESARA (National Economic Security and Reformation Act) , and what does it stands for?

 

NESARA stands for the "National Economic Security and Reformation Act." It is a proposed legislation that has been circulated in conspiracy theory circles in the United States. According to the conspiracy theory, NESARA is a secret law that was passed by the U.S. Congress in 2000 but has been kept hidden from the public. The proponents of NESARA claim that it will bring about sweeping economic and financial reforms that will lead to prosperity and freedom for all Americans.

The details of NESARA vary depending on the source, as there is no actual evidence that it exists or has been passed as law. However, some common claims associated with NESARA include:

  1. Debt forgiveness: It is claimed that NESARA will eliminate all debts, including mortgages, credit card debts, and student loans, and reset the financial system to a gold standard.

  2. Abolition of the Federal Reserve: Some proponents of NESARA claim that it will abolish the Federal Reserve, the central bank of the United States, and establish a new financial system that is controlled by the U.S. Treasury.

  3. New currency system: It is claimed that NESARA will introduce a new currency system backed by gold or other precious metals, and that it will replace the current fiat currency system.

  4. Wealth redistribution: NESARA is sometimes associated with claims of wealth redistribution, with the belief that it will redistribute wealth from the wealthy to the general population.

  5. Government reforms: Some proponents of NESARA claim that it will result in extensive government reforms, including the removal of corrupt politicians and the restoration of constitutional rights.

It's important to note that NESARA is not a recognized or enacted law in the United States. There is no credible evidence to support the claims made by its proponents, and it is widely considered to be a conspiracy theory. It has been debunked by various credible sources, including the U.S. government and independent fact-checking organizations. It is always recommended to verify information from credible and authoritative sources before accepting or spreading unverified claims.


Ronald Wederfoort Cell Phone no.: (+599 9 6677494 https://qfsjdeiso20022.blogspot.com/ Ronald.wederfoort@gmail.com Twitter: @QFS20022ISO



Comments

Post a Comment

Popular posts from this blog

These 7 Cryptocurrencies Are ISO 20022 Compliant - Are They The Future Of Payments?

Image
  First of all, what is ISO 20022? ISO 20022 is an ISO standard for electronic data interchange among financial institutions. It describes a metadata repository containing descriptions of messages and business processes and a maintenance process for the repository content. The standard covers financial information transferred among financial institutions including payment transactions, trading information, settlement of securities, credit, and debit card transactions, and other financial information. In short, the objective of the standard is to "Enable interoperable communications between financial institutions, their market infrastructures, and their end-user communities." And in more simple words, banks today, when communicating, have friction because they speak different languages. If they spoke the same language, they would be totally frictionless. The objective of big financial institutions such as the FED, the ECB, or SWIFT seems to be to adapt their interbank messagin...
Read more

ISO 20022 - The migration of money

Image
  The global financial system is currently undergoing its most far-reaching transformation in recent history as new market infrastructure, such as instant payment platforms, is being implemented worldwide. Underpinning these developments is ISO 20022, an international messaging standard that promises to be a game changer in payments. The movement of goods and people is fundamental to global trade and is one of the areas where International Standards excel. From containers in which to pack goods, to electronic systems that identify contents and help with customs clearance, the headaches of moving stuff around are substantially reduced by standards. But the other half of the economic equation involves moving money, and this presents a whole different set of problems. Once again, ISO standards provide a solution. In this  ISO focus  dedicated to finance, we are looking at new technologies, including cryptocurrencies, that can circ...
Read more