"Re: SKR/Contracts Expired May 1, 2017" by John - 5.13.17

Entry Submitted by John at 8:28 PM EDT on May 13, 2017

"SKR/Contracts Expired May 1, 2017" by OldBoater1949 - 5.13.17

Well, I guess my first question would be, if what you're declaring is the truth, how would you expect that those who are physically holding SKRs are going to react to this notion? The mere definition of SKR explains...

"Safe Keeping Receipt or SKR, or Safekeeping, is where an asset owner elects to place that asset in the care of an Agent, usually a Bank or a Financial Institution and receives an acknowledgement from the Bank as to their “Safekeeping” of that asset."

Please notice, the explanation uses the word "asset" a couple of times and, the title of "asset owner" which, is also the holder of the SKR. I wouldn't expect that a bank or any other financial institution would be in the habit of issuing evidence of the existence of something of value (I.e. Currency) they are holding for someone and, not have the obligation contractually to honor that arrangement.

In light of what you say about the reset being a very large transaction between countries, you need to remember, without people, countries are mere land masses and, without the consent of the governed, governments don't exist. As far as expiration dates on a "SKR contracts", they are "open ended" as far as their fulfillment. There may be "intended" dates for liquidation but, with all the extenuating conditions that surround this entire process, as frustrating as it may be, m until the SKR is satisfied according to the original intent, I don't believe they expire and, any change that the financial institution may attempt to make, I believe would be considered a "breach" of the agreement.

John