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By 1961, Keynes predictions of a world monetary crisis began to become a reality. This problem was brought about by the lack of sufficient currency (especially US Dollars) in world circulation to support the rapidly expanding international commerce. The World needed US Dollars beyond the capacity of the good faith and credit of the United States Taxpayer in order to facilitate trade. It was not possible to break the Bretton Woods treaty due to the possible damage of the stable core of the world’s economy as this had the potential of leading to another major war. To compound the problem, the majority of dollars in circulation were in private banks, multinational corporations, private businesses and individual bank accounts.
In 1963 the gold that had been entrusted to the care of President Soekarno was recalled by the Nations to underpin the issuance of further US Dollars in order to further facilitate international trade. Under this Agreement, Soekarno (as the International Trustee Holder of the Gold) began the process of repositioning the gold that had earlier been entrusted to the care of the Indonesian People, back into the banking system to create a fractional backing for the US Dollar. Initially this was managed under the arbitration of the Tripartite Gold Commission in The Hague as per the decisions of the International Community through their Government representatives at the Innsbruck/Schweitze r Conference and its later revisions. Under the agreement signed between President Soekarno and President John Kennedy, was that control of these assets would cede automatically to US upon the fall from power of President Soekarno. This occurred in 1967. The potential of this agreement led to Executive Order 11110 issued July 1963, which would have provided the Department of the Treasury the power to issue United States Dollars. Within two weeks after signing the Green Hilton Agreement which would have then enabled consolidation of EO 11110. Kennedy was assassinated a few days after his signing of the Green Hilton Agreement. With the death of Kennedy, the authority granted to the Treasury was never taken up.
To this day, these agreements stand to be honoured (which was accommodated in full under the “RESPECTING THE RIGHTS TREATY (BANGKOK) 2003). The assets were placed into the International Collateral Combined Accounts that form the Global Debt Facility. While an apparently innocuous document to read, in it’s proper and full interpretation, The Green Hilton Agreement is one of the most profound agreements made between Presidents of any two countries within the twentieth century, and most probably, in the history of the world, particularly so as this agreement was made between a President of the United States and the Trustee of the hidden, but combined wealth of the world. These assets are not the property of the United States, but centralized assets under the authority of a centralized system, to be used as independently deemed to be for the better benefit of the World.