Bretton Woods Agreements of 1944 actually turned gold from major currency into reserve currency. In 1971 the USA temporarily refused gold backing of the dollar. Implementation of the Jamaican currency system in 1976 (acting up to date), finally abolished the 'dollar - gold' linkage and allowed the United States Federal Reserve System to work non-stop. Extensive amounts of printed money made a great illusion of global well-being in many countries. Each year the illusion grew bigger.

Bubble burst. Although it is possible to continue to print money, continue working for the bank system and push the world to the same aftermath that The Great Depression had - a new World War. There is another option, an escape - to go back to gold.

There are two ways.

The First way - The hard way. An obligatory transition back to a gold settlement under government instruction. This may cause the taking of gold holdings from current owners, the depreciation of paper money and eventually reaching financial paralysis, all because economics needs a period of transition.

The Second way - The easy option. To begin with, Gold in the form of a coin becomes an internal payment unit of an international company which specialises in providing information and settlement services. This international company uses a Troy ounce as an internal payment unit. A Pool of participants in a world gold settlement system is created. Each new participant buys gold, which is his own property, and mint gold coins. From this moment on, a participant has the right to make a gold payment with any counter party within the network at any time, as well.

For the last half year we have put in enormous effort and created such an information network, especially fitted for the use of a supranational internal payment unit. This international network has been named the Anticrisis Settlement & Commodity Centre (ASCENT). Our main office is situated in Moscow. Our Gold settlement is in London.

ASCENT operating will result in a gradual and trouble-free comeback to gold standard using 21st century technology.

German Sterligov