Is IBOM still alive and kicking ... and are people still getting their financial teeth kicked out?

According to my understanding IBOM is still "alive and kicking". According to its website, www.ibom.biz, I quote:

The International Bank of Me'ekamui [IBOM] is a National and International bank located on Bougainville Islands.

IBOM operates Bougainville's lawful & sovereign currency the Bougainville Kina [BVK].

Information about the applicable valid situation regarding IBOM based on Bougainville's Supreme Law regarding all monetary areas, the Constitutional & International Banking Law, endorsed by King David Peii II, can be found on the website RoyalMC.org.

It is questioned that the BVK is truly a lawfully sovereign currency of the island of Bougainville. To my thinking, if it were lawful currency SOMEONE would have contacted me with some plan by which s/he would get the billions of BVK I have offered. Surely some business person would have kicked down the doors of the IBOM Support in order to gain access to the billions of BVK I want to give them. We are talking BILLIONS of BVK here. Certainly someone in Bougainville or the surrounding islands would know how to convert BVK into Chinese yuan, Japanese Yen, Australian dollars, PNG Kina, or gold something of the like if the BVK is truly an internationally accepted currency. Don't you think?

Well, folks, IT ISN'T. 

I have come to face the fact that the Bougainville KINA (BVK) IS NOT AN INTERNATIONALLY ACCEPTED CURRENCY, AND NEITHER IS IT A LOCALLY ACCEPTED CURRENCY.

The Bougainville Kina, the BVK, is less than a fiat currency, it is a fraudulent, fictional proposal of a currency that has been used to defraud hopeful innocents out of their hard earned or otherwise accumulated money. 

Mose certainly, however innocently the current perpetrators of this fraud may have begun, they now know their actions are not going to profit anyone except themselves. That is all there is to it. Investors will not get their promised interest nor will they get their  initial investment back. All will be lost and any attempt to get their investment back will be be answered by either silence or lies or threats. 

How do I know? By my own experiences and those of others. 

Frankly, it is now 2:05 am, USA Mountain Time, and I am tired and ready to retire. I'll clearly tell my story and touch upon the stories of others I know of who have lost tens of thousands of dollars and other currencies to the promises and hopes of fantastic returns offered by IBOM and other organizations in league with "the scammers", as they are proclaimed to be by my internet friend, MACE, who also lost a large amounts of his investment and that of several friends who he innocently convinced to invest with IBOM. He is now very angry and anxious to shut down the scam and bring the perpetrators to justice.

I'll put what I have in writing in this blog and will welcome the stories of others, with the intent of warning the world of this wonderful opportunity to invest and get kicked in the stomach or teeth and lose all you put into this going concern. I am concerned and intend to kick back. 

Do you know of any people who have been angered after having been so kicked? I would love to share your story with the world and hopefully kick this IBOM-ination out of existence, and may God forgive the so-called Christian, Bible-thumping swindlers who have hurt and damaged so many victims.

I know my account will be shut down and I will "lose" my account of over 318Billion BVK that is currently on "Administrative Hold" and frozen from earning any interest, frozen from use, because of the writings in this blog. I know (sniffle, choke, gasp) that IBOM will close my account and call me names. Still, I must do as my conscience dictates and tell the world that, in truth, I am losing nothing but vain promises, false account amounts, I am losing nothing. 

If 4 BVK can actually be converted to 1 USD, I'll gladly give ANYONE 6 BVK for every USD they can convert for me. That is $50 profit to them for every $100 they can help me retrieve from my IBOM account, if IBOM Support will allow it.

And if IBOM Support will allow the above, I WILL IMMEDIATELY RETRACT ALL I HAVE WRITTEN AND WILL PRAISE TO THE HIGH HEAVENS, TO THE WORLD, THROUGH WEBSITES, NEWS PRESS RELEASES, EVEN TV APPEARANCES  IF POSSIBLE, praising IBOM, declaring the goodness and worthiness of the whole King David Peii U-Vistract system, proclaiming my humble apologies. 

So, there you are. Unless IBOM converts me by converting BVK into USD or any other international currency OR...

I WILL DECLARE TO THE WORLD with blog, story and evidence the illegal fraud called IBOM and its perpetrators. I will, with MACE and others, work to bring down the scam, kicking and screaming, to die by the international sword of justice.

And my God have mercy on their souls.

I'll keep you posted. Good night (morning).
Cameron.

Moving Onward and Upward - IBOM, GoodBye.

 
We-e-e-l-l-l, after about 5 years of dealing with ICC and then IBOM I have pretty much decided to not waste any more of my time on the matter.

Perhaps this is a mistake on my part but I can see no use throwing good time and effort away discussing a fruitless endeavor. According to all I've seen and heard even by some who have gone to the beautiful island of Bougainville and visited the "No-Go-Zone" where self-proclaimed King Peii II lives and preaches from the Bible, there is nothing to be obtained from the so-called financial system he has supposedly established. Anyone who can get online can write and post whatever s/he pleases and set up bank accounts into which others may make deposits. Once the money is in that account and is out of the depositors' hands there is nothing stopping the actual owner of the account from using that money any way s/he chooses, no matter what the original depositor says or does.

It is, after 4 years dealing with IBOM and speaking with others who also made deposits into that so-called "bank", my considered opinion that our money is spent and gone, lost to me irretrievably. Fortunately, I lost very little, quite unlike many others who lost thousands and even hundreds of thousands of dollars, pesos, euros, yen, etc. To those of you who are still hoping to receive anything of value from the IBOM system, my good wishes go out to you.

In the meanwhile, my offer will remain posted and valid for as long as my IBOM "account" shows enough BVK to fulfill my pledge. Remember, however, my offer is subject to IBOM "thawing" my frozen account, which, again, they placed on "Administrative Hold" because of what I have written in this blog. Imagine the Bank of Canada freezing an account with billions of CDN dollars in it just because you wrote a blog on the Internet! It is ludicrous.

But, that is IBOM Support for you.

If there is anyone who would like to take definitive action action against IBOM to attempt to shut them down and remove the threat to investors, I know my friend MACE would be willing to be of assistance. Having lost much to IBOM s/he is motivated to take these perpetrators of injustice to task. I'll help where I can, perhaps best by posting the results of your efforts and informing readers of anything that may benefit them.

I still say, contrary to what others think, that anything that sounds "too good to be true" is worth looking into closely. There are some miraculously fantastic offerings found in the world that are real. Perhaps you know of one or more. My motto is: When in question, ASK!

I'll keep you posted.
Cameron

IBOM and BVK Still Causing Questions not Answers

IBOM and BVK are still generating more questions than answers.

As you can see I have not written anything for quite a long period of time on the subject of IBOM, King David Peii II, Bougainville Kina (BVK) and what can be done with BVK. "Why would that be", you might ask? I'll answer you clearly: because I am convinced to my own satisfaction that there is no one in the world who has successfully converted BVK into any other currency or product of useful value, nor will there ever be.

Now, perhaps there are thousands of people who are converting their BVK into products and services through the Internet Catalog Club (www.chips-corner.com) and, being successful they have no reason to read my little blog of questions and questionable opinions. They have no reason to contact me with their stories of success. Perhaps I'll offer them 10 billion reasons.

I hereby offer ten billion BVK to anyone who will help me duplicate their success in converting their BVK into goods, services or other international currency. That is my written offer, subject only to the agreement of IBOM Support who froze my account with an Administrative Hold due to my writings in this blog. If they will not release the BVK I cannot make good on my offer. If they will release the BVK and you can help me convert only one billion BVK from my IBOM account for my own use I hereby promise to gift to you 10Billion BVK upon the completion of my1Billion BVK conversion. That is a fair offer, isn't it?

"I have billions of BVK but I can't find a way to use any of them. Can you help me?"

I have received several emails and telephone calls (how do they get my personal phone #?) from people who are anxiously seeking definitive information about how to convert BVK into cash they can use. These people have great hopes, as I have had in the past, because of the promises that seemed at first to be fulfilled when the IBOM computer account showed huge interest earnings. Then, after months of frustrating periods of no results, meaning these people found they could not withdraw their "earnings", or even their original deposits which were "converted" to BVK, these people began to do deeper research online and they came upon this blog. So they contacted me directly or had their agent contact me to ask if BVK and IBOM are real or if they are pure scam?

Of course my answers are as you have already read: I cannot prove either way except for the fact that non-performance of promised benefits over a multi-year period certainly seems to be evidence that IBOM has not been on the "up-and-up", has not been true to promises. I would think that any "kingdom" that has piles of alluvial gold lying around would want to start using it for the benefit of at least the "King's" inner circle and to dig more gold out of the ground in order to get richer. They don't, though, as is evidenced in the writings of the bloggers who write about the land of Meekamui. They don't even back their BVK with gold refined from the Panguna mine that historically was one of the most productive mineral and metals mine in the world. Instead they claim the BVK are backed by unprocessed dirt which they claim has a lot of gold ore in it. But that has NEVER worked in the history of the world. No business person is going to take a bag or truck full of ore as payment unless the business receiving such payment is a smelting business. There are limited numbers of those.

So, unless IBOM is willing to ship thousands of tons of ore to a smelter and convert that ore to refined gold, their "gold-backed" BVK is valueless. It is backed by promises of a "king" who is struggling to be internationally recognized as the leader of a tiny island nation where many of the people of that nation do not recognize him as their governmental leader. He might be a really nice guy and a great christian preacher who knows his Bible. He still hasn't seemed to prove to the world that his BVK can be used for business on any level whatsoever. Not to what I have seen.

At least, no one has come forward yet to accept one of my offers or with proof that BVK have any market value at all. I would love, LOVE, LOVE for anyone to prove my opinions wrong and my BVK of real international market value.

My offer stands: help me convert or trade 1billion of my BVK into any form of marketable currency or product and I'll gift to you 10billion BVK, assuming IBOM Support cooperates and allows it. Otherwise I must hold to my unproven opinion that IBOM BVK is a fiat currency that is not even backed by an internationally recognized government or bank. Somebody, please prove me wrong.

I'll keep you posted.

Cameron

The Bank and the Scam

Let me start this blog entry by asking you to "Like" or otherwise share this blog with others. My purpose is to support freedom and liberty wherever I perceive it to be struggling to take hold on the earth. 

I have had an account with IBOM for exactly 3 years now, since Jan. 16, 2011.

I opened the account with a minimal amount of USD and two large Uniform Advertising Promissory Notes (UAPN) from some transactions I did through the Internet Commerce Club  (ICC). I was allowed to place all in a high yield interest bearing account and the amount grew into HUGE number of BVK, literally billions. I discovered that if I earned no more interest (which the account is not earning due to my writings in this blog) and I was able to withdraw $250,000/month to convert to USD of whatever amount, I'd have over 114,000 YEARS worth of withdrawals. Perhaps I should withdraw $250 million /month. But what do you actually DO with that kind of money?

Certainly you want to grow it in some way, not just spend it. I'd have to live forever, or teach my 9 children very well how to grow money and do great good with it.

But I am not the center of discussion here. THAT belongs to the Bank and the Scam.

I have an e-Associate who wrote to me recently that he and some of his friends have lost up to $840,000 through a scam that was perpetrated by Roger Renaud who was at the time the supposed Secretary of State of the island of Bougainville under King Peii II and Deputy Governor of the Central Bank of Bougainville (CBOB). 

Roger Renaud, who lives in Chilliwack, BC Canada, somehow scammed the whole of the IBOM staff, apparently, taking with him several millions of USD and ripping off the Russians in the process. Another friend of mine, who I'll just call "Rand" for now, told me that after they caught wind of RR's scam, they checked him out via the EU, Interpol, the FBI and even the Canadian Mounties and proved RR to be false. So he is no longer the Secretary of State and CBOB is no longer a real thing. Investors who put their money into CBOB through RR lost their money. Plain and simple.

Is IBOM a scam, though? The International Bank of Meekamui was established long before RR came on the scene. It was established with money from long-time-ago investors and has been the founding creator of the BVK that now fills my account. My account was created long before RR came on the scene. RR's scam has nothing to do with the reality of IBOM and the hopeful project to establish the Island of Bougainville as an independent nation, not an appendage of PNG, and the Bougainville Kina as a legitimate, gold-backed international currency.

When I read of the 10 year war on Bougainville wherein the few freedom fighters drove off the African mercenaries hired by PNG, supported by Australia and they shut down the operations of the huge corporation, Rio Tinto, that ran the subsidiary company that ran the highly profitable Panguna mine that was destroying the local ecology and not helping the local economy much (Bougainville Islanders received a mere 1.6% of the profits mined from their land, only 1.6%!!) -- when I read of this and the subsequent declarations by PNG that Bougainville still is not allowed to be its own independent nation with its own currency backed by its own national wealth (that Rio Tinto and PNG want to mine and remove for their own profit) -- I get disgusted and irritated that the UN, the USA and every other freedom-loving nation  DO NOT rise up in defense and support of this little king and nation who are striving to establish governmental, economic and personal liberty for this land and this people.

Surely the king and his team are going about it the right way. King Peii II is not, it seems, taking his armed forces and attacking the unarmed Autonomous Bougainville Government (ABG - established by the very forces that hired the mercenary attackers) to establish his kingdom by force. He is working with them to bring the choice to the people by a referendum a year away in 2015. He is also working to establish a stable, gold-backed currency by which he can build a strong, stable economy based upon commerce fueled by the liquidity of the BVK. This currency is literally the wealth of the land -- the gold, silver, copper, platinum and other minerals -- made liquid and useable by the people.

The land is always owned by the government in every nation. In Bougainville, however, the currency is backed by the wealth of the land rather than the taxes of the people so the wealth is not a debt to be paid by the people but it is wealth to be accumulated by the people. This seems to be a good thing that should be supported.

Instead it is criticized and called "illegal" by the very nations and people that hired the guns that killed 20,000 Bougainvillian citizens.The Bougainville Revolutionary Army is still at war, it seems, although the weapons have changed. Now, instead of bullets and military strategies it has been words and ballots, accusations and political strategies. I wonder who will ultimately win this war?

I just wonder because if the King wins I will be billions of BVK richer. If PNG, Australia and Rio Tinto win this war I will join thousands of others who will lose entire investments. I a certain some people placed millions in their IBOM account to receive the promised yield. I'm sure they stand to lose hundreds upon hundreds of billions of BVK. Just think of the projects that could be planned and implemented, hiring hundreds of thousands if not millions of people, all paid in a gold/wealth-backed currency. That is a lot to lose because some high powered usurpers want the island of Bougainville for themselves.

I'm hoping the King and his people win. I believe they are working to get the currency circulating and proving itself. I hope the people go along with it as willingly as Americans go along with their bank's currency that they know is backed by nothing but their future earnings/taxes. Now what kind of backing is THAT? I ask you!

I am still looking for a person or company who will sell me product that I can import into my country, someone who will take payment in BVK. Who wants to sell something, at a fair price, for BVK?

If I can do business using the BVK in my IBOM account, oh, what a positive write up there will be in this blog. Truly the name will be appropriate. Financial hope will explode in the world because of the trillions of BVK, therefore Euros, USD, CDN, Aussie dollars, Yen and every other IBOM currency balance that has been expanded because of the investments made in IBOM.

The war for Bougainville independence must be won, though. If the King fails and PNG and Rio Tinto win that means the wealth of the island will be dug out and shipped away, removing the wealth that should back the economy of the island people. In the process the pristine island will be polluted, mucked up and destroyed in the mined area and everything downwind and downhill to the ocean. Bougainville needs its independence.

How, for example, would the island economy of PNG progress if they lost their independence to the Australians, the Canadians, Argentinians or any other -ians? No, PNG belongs to its own indigenous people. In like manner Bougainville belongs to the Bougainvillians and the wealth of their land belongs to them AND that ownership should be acknowledged by all the nations of the earth. That is only right.

With that said, I am looking to do business with some Bougainvillians. Anyone interested in doing a couple million or hundreds of million worth of business? Just contact me. My BVK are burning a hole in my bank account drawer.

I'll keep you posted.
God bless.
Cameron

What Do You Do When Accused of Fraud? Detonate IBOM?

There is sadness in my heart today. I have received a letter from one of the very few who actually leave a comment to this blog, a letter to King David Peii II that declares, among other things:

Your Majesty

In conclusion: you have been running the “Kingdom of Fraud” or “The Fraud Land”.

Your Honorable Secretary of State of State is the “Laboratory of Fraud”.

Your Irene Schoots, of ibom, is the “European Fraud Branch”.

I do not know what else about HRH Prince Jeff of Australia. I will copy him, this email and previous one.

We are preparing our file for FBI and RCMP. Not only that, but I swear I am taking the fraud file to the UNITED NATION’ offices of concern and also to the IMF Headquarter. We did go to the relevant offices in Europe. We have opened the fraud file in the European Union. Now, we have to coordinate and open a fresh file in IMF, because your Secretary of State has forged the signature of Christine Lagarde in his “Laboratory Fraud” in Harrison &Chilliwack, BC.

Your silence will not help the Bougainville people at any price. What is based on fraud is always fraud.

A

This blog has been a forum for me to vent some of my frustrations over the past several years, frustrations based upon my inability to utilize any of the billions of BVK that have accumulated in my IBOM account. I have sought ways to convert BVK into US dollars or Australian dollars or Canadian dollars. I've read of ways to use my membership in the International Commerce Club (ICC) through www.Chips-Corner.com but have never met via internet nor any other medium of communication any other person who has successfully used any process to convert BVK into any form of commercial asset or any form of currency. 

 My lack of success proves nothing . That has been the frustrating part. I have a supposed IBOM bank account with billions of supposedly gold-backed BVK and I cannot use them. While I have communicated with several others who also have IBOM accounts I cannot find anyone in the world who has successfully converted BVK into their home currency. I've not found anyone in the world willing to receive BVK in exchange for products or services, not even any of the few Bougainville residents I've communicated with. They don't want "their own currency" from "their own bank". This is all very frustrating.

Anyone who has read this blog will know I have not at any time stated that I can prove IBOM or the King of Bougainville to be  frauds. What I have done is ask for someone to step forward with proof that profit can be made by doing business using BVK. I have asked for business partners and I'll provide the capital. We could, if they will do commerce using BVK exclusively, buy an oil tanker or plant a coconut plantation or build an environmentally friendly ore smelting plant and precious metals mint. 

I hereby offer to the King that I will contract with him to use my BVK as capital to purify his gold ore and mint it into coin of the realm. Surely the King will trust the BVK to be good currency from his own bank. Surely his people would be willing to trust IBOM BVK to be negotiable currency, particularly if they were assured that the BVK they received as payment was the paper currency supported by the gold they were purifying and pouring into ingots or minting into coin.

There is a problem, though, in that my reader has made it his mission to prove to the world that IBOM and the sister bank, Central Bank of Bougainville (CBOB) and all other related financial programs and organizations are fraudulent and fictitious. He can name himself; I call him "Mace" and he has written a number of letters to IBOM Support, the King and to Mr. Roger Renaud who is named as the Secretary of State of Bougainville and Deputy Gov. of CBOB. Mace has named all of the above as being frauds or supporters of those who directly perpetrated the fraud directly. One such letter is written above. 

Here is another such letter:

Your Majesty,

In all honesty, I am writing to you today to make sure that our crystal message has reached you beyond any doubt. It seems that we have been too polite to address the matter as it should be.

We said, repeatedly, that Roger Renaud was not involved DIRECTLY in our losses. However, Roger is your appointed Secretary of State/ Deputy Governor of Central Bank of Bougainville.

Our message for today is that you must know that you are associated with the most wanted fraudsters and criminals. You are linked to those criminals because you are the owner and director of the fraud bank under the name of ibom (M=Meekamui). We have got more than enough materials which will make Roger Renaud, your Secretary of State, one of the most wanted fraudster in the world. You can never justify your position by your silence. As you chose to NOT to report the crimes of fraud, you are PARTNER of those CRIMES. You have failed in the past to report the fraud of Ben Young, Gordon Rothwell, Irene, Patrick and others while you are still sitting on the domain of your MIRAGE ibom. Right now, you are covering up (KNOWINGLY) the fraudulent documents which are purportedly related to European Union and EU Central Bank and more.

Your Majesty: I can confirm (with all confidence) that you (and your conspiracy team) have got special RECORD in the EU official, geographic zone. I suggest that you order Irene to check your RECORD there. It is not far from where she is.

Copy of this letter will reach your associates. Beyond any doubt, they are part of the conspiracy.

Yours truly

 A M

It is not for me to say any of what Mace declares is true. I have not traveled to the headquarters of the European Union and spoken with the heads of state whose signatures Mace says have been fraudulently used by Roger Renaud. I have no proof of wrong doing by the men and women named in the letter above. All I have is no evidence that anything created and promoted by these people actually works or has any functional value, i.e. IBOM and BVK or ICC and Chips-Corner. I know of people who have paid thousands and tens of thousands into these organization's programs and have yet to receive anything in return. 

Again, zero return does not prove fraud so I do not declare fraud of myself. I do declare: If you don't want to wait years and years and still receive not even your initial investment in return, don't put your hard earned money in IBOM.

I also declare to IBOM and the King, I have billions of BVK in an IBOM account. I offer to contract with anyone you may know who is willing to perform a legitimate, profitable business enterprise. I will provide the capital using my BVK. In conducting such a profitable work we will prove all these things to be legitimate and real. We will prove IBOM and BVK to NOT be false or fraudulent. Isn't this what everyone wants, probably even Mace?

I would think that silence would not be the smartest move IBOM or the King could make in the light of Mace's declarations and revelations. Certainly choosing a resident of Chilliwack, BC Canada to be the Deputy Governor of the Central Bank of Bougainville is not the smartest move on the part of the King. His refusal to denounce Renaud's counterfeiting letters from the president of the European Union is also not a smart move by the King as it implicates him as being a knowing participant of fraud. Not good. 

I want IBOM and BVK to all be real. 

Please, someone, step up to the table. Let's contract to do business with my BVK, benefit the lives of many and make healthy profit for everyone involved. 

Contact me directly by commenting on this blog or emailing me directly. I know IBOM Support has my email address; they shut me down once before for "being negative". 

I'll keep you posted.

IBOM - FIAT MONEY - INTERNATIONAL SCAM OR BANKING AT IT'S FINEST?

IBOM. International Bank of Meekamui. The bank of Bougainville, the Twin Kingdoms, built for Bougainville reconstruction, restoration & rehabilitation, according to the official website: http://IBOM.biz.

CBOB, Central Bank of Bougainville, the internal bank for local domestic business in internal BVK only. http://www.centralbankofbougainville.com/.

The official currency, the Bougainville KINA, they say is backed by gold. The printed KINA features the picture of King David Peii II who, it is claimed is the direct descendant of the ancient kings of the Island. They say the bank holds some of the gold and the rest is not yet refined but lays in big piles of highly concentrated ore, assayed and proven to be rich in gold, copper and other valuable minerals. 

I've been told IBOM has begun to distribute the paper Bougainville KINA (BVK) among the populace for legal tender. There are several types of BVK according to the IBOM website. In order to use the BVK one must learn which "color" of BVK is designed for what purpose and for whose purpose. I wonder if the populace is so well informed, particularly when, last I spoke with a Bougainvillian IBOM is a failed "investment opportunity"

IBOM has apparently been governed by several  people who reside outside of Bougainville. For example, one man whom I'll call "Frenchie" actually resides in Chillowack, BC Canada and runs a pulled BBQ meat sandwich business. Somehow Frenchie convinced IBOM leadership, i.e. the King and his counselors, that he, Frenchie, was the man who could get BVK accepted by the European Union as a legitimate currency, even perhaps as a world reserve currency to replace the US dollar. Unfortunately, Frenchie turned out to be a fraud, a scam artist who fleeced IBOM for some number of millions of Canadian dollars.

Why Frenchie was not satisfied to take the solid, gold-backed BVK as payment instead of the fiat CDN dollar we'll never know. Word is IBOM is now or will soon have some people buying some pulled BBQ meat sandwiches and demanding some specific private time with Frenchie. I don't know how solid this rumor is. It could be as real as the gold that backs the BVK, which reality has in serious question, especially, it seems, among the Bougainvillian people. 

I can understand how the King may be sincere in his efforts to build a real banking system that would rival any financial system in the world. All current central banks that this writer knows of print "fiat" money that is backed by nothing more than future taxes, or the good faith of the government, meaning faith that the government will be able to tax the people enough to pay for not only the money that the government borrows to infuse into the economy by way of loans but also taxes enough to pay for the interest that is charged for the use of the money the government borrowed to infuse into the economy. That is how fiat money works. You knew that, right? 

The dollar or yen or euro that are in your possession are not promises to give you anything of value if you seek to exchange it at the central bank. Even the minted coins are nothing more than junk metals: zink, tin, nickel, copper. These coins are made of cheap metals that don't easily corrode or rust but are not valuable like silver or gold. These metals are not bought by the ounce or gram but by the pound or Kilo, for example, nickel - $6.48/lb, Tin - $10.48/lb, copper - $$3.27, zinc.- $0.84/lb. Your fiat money is worth pounds of junk metal unless can you use it to trade for food, gasoline, clothing, services, etc. 

I am not saying fiat money is bad. It is just unstable. In due course of time the money itself becomes known for what it is worth: junk metal, or nothing. I don't know any "regular" people who are looking to buy junk metal. So, eventually, historically within 100 years of the introduction of the fiat money, the population begins to demand more and more junk money in exchange for material that has intrinsic value. This is inflation. When that happens the government discovers the printed currency needs to be upgraded from 20 to 20,000 increment bills. Shortly thereafter, since the population is becoming totally convinced of the real value of the fiat money, the government must increase the increments from 20,000 to 20 million increment notes, then 200 million then 2billion increment notes, or more, be they Argentinian Pesos, or Yugoslavian Dinar or Zimbabwe dollars. 

Read what one blogger wrote about traveling in Zimbabwe during the fiat money financial crisis, 2006-2008,

       Every guy on the street would hold out a wad of notes, many well used notes, and ask for US$20 to take them as a souvenir.  You then haggle and barter and pay about US$5 to take the things off their hands.
In some ways, I bought a lot of these notes as I felt sorry for the chaps – one guy hassled me non-stop for about ten minutes and I eventually said that we were leaving that day so could not buy any more stuff.
       He said: “You’re leaving today?  Well maybe you have some old T-shirts or pants you could give to me?  I don’t mind how old sir.  I’ll wait outside your hotel.”
       Another guy noticed that we had some bread in our bag (to feed the birds) and asked if he could have it to eat.
That’s how poor this economy is today.
                                                                                        Chris Skinner, "Financial Services Club Blog"

Above is a picture of the Zimbabwe one hundred trillion dollar note. Worth $100 trillion? No. Purchased in mint condition for $10 USD by a tourist. Otherwise it was worthless for purchasing anything like clothing or food on the open market. That is fiat money. 

From "Vacher", a commentor from Chris Skinner's blog, we learn: 

The largest denomination banknote ever officially issued for circulation was in 1946 by the Hungarian National Bank for the amount of 100 quintillion pengo...

http://www.3833.com/largest_denomination_wbn_without_zero :

Hungary (1946) 100 Quintillion Pengo

....... (100,000,000,000,000,000,000, or 10²⁰). The Post-WWII hyperinflation of Hungary holds the record for the most extreme monthly inflation rate ever — 41,900,000,000,000,000% (4.19 × 10¹⁶%) for July, 1946, amounting to prices doubling every fifteen hours!!

So this is the result of the population losing good faith in the government issued fiat currency backed by nothing other than the future taxation of the people by the government.

According to IBOM, the BVK is backed by gold. Is this true? Who will verify it?

In all my writings I have asked for someone to come forward to prove with evidence that the BVK is a currency that any "regular Joe" like me can use to do business. Buy and sell. Who will sell to me, assuming IBOM will release some of my BVK from the Administrative Hold that shackles my account, my "money", my BVK?

Who will accept my BVK in exchange for any other currency that is accepted on the open market: pesos, yen, dollars, dinar, Pengo, franc, boliviano, yuan or any other internationally accepted currency. I'll give you a generous exchange rate, more generous than the official rate. Who will accept my offer?

So far no one has accepted my offer for BVK, either to do profitable business with a Bougainvillian farmer or potter, weaver, small item carpenter, leather worker or what-have-you, or to fund a project on Bouganville that will benefit the island people. Can I use BVK to pay for a trip to the island to inspect how the reconstruction project is moving forward? Can we build a hydro-electric plant of any size or solar-electric, for the benefit of the people? Where there is inexpensive power there soon follows progress in large measure.

Who will contact me with a proposal of a project that needs funding. I have many hundreds of millions of, I think, green BVK (I don't know, they may be red) that I suppose IBOM or the Central Bank of Bougainville (CBOB) would consider useful for paying a worker to build a hydro or solar electric plant. What tools and equipment vendor accepts BVK in exchange for product? Surely there is someone after all these years.

After all, the multiple websites are impressive, the legal documents are inspiring and the ever-increasing number of rules, regulations, laws and by-laws show this financial institution is proving that IBOM, CBOB, the Constitutional & International Banking Law, endorsed by King David Peii II,  as can be found on the Royal Monetary Counsel website www.RoyalMC.org. are not some little scam that will just be revealed and go away. This Bougainville IBOM project has been going on for longer than a decade. King David Peii II and his team seem to this writer to be going about their activities in all the right ways. They are being ignored by the powers that be - the UN, PNG, Australia, Rio Tinto - even the Autonomous Government of Bougainville which is recognized by the outside big money interests.

PNG has broadcast that the Bougainville Kina is illegal, not legal tender, in PNG. The BVK may still be legal in Bougainville, and why not? The US dollar was once accepted only in "the colonies" that were recovering from a revolutionary war. It was a long struggle proving the USD was a viable international currency. Success was had only when the dollar was proven to be based upon gold and silver (predominantly upon silver - the silver dollar). So, when the BVK is proven to be backed by gold, real gold that a seller receiving BVK can trust he could actually trade his BVK for, only then will BVK be trusted by the populace and international governments.

I hope my many BVK will soon be proven to have real value in the international financial world. Until then all I can do is write my blog, ask my questions and hope someone finally comes forward with proof and a real opportunity to do some profitable business transactions. I have only been waiting about 4-5 years. Others I know have waited 12-15 years and are still excited and hopeful.

I'll be more hopeful when a few hundred million ounces of the alluvial gold are processed into circulating coins or ingots to back up the paper currency.

In the meanwhile, I'd say, before investing in the banks of Bougainville, be sure you can afford to wait years for the return of your investment. 

I'll keep you posted.