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


Hungary (1946) 100 Quintillion Pengo
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.