Introducing the Global Settlement Foundation and the AUric™
ON THE VERY REAL DANGER OF
The budget for design, construction, launch, and deployment of SWANsat
requires six cash payments, made on 12 month centers, of about USD$9
billion each. Frankly, I'm not worried whether or not the first payment of
USD$9 billion will buy us our first two satellites delivered to orbit. I'm
worried whether or not the final payment of USD$9 billion will buy me a
sandwich for lunch instead....
Founder Dr. William P. Welty,
on the need for a gold and silver standard to protect against coming
international hyperinflation of fiat paper currencies
such as the dollar and the euro caused by banking and governmental
mismanagement of traditional currencies
Public Notice: The Global
Notice in RE: Global Settlement Foundation
Introducing an Inflation-Proof Gold and Silver Standard
Offered as Part of the SWANsat Modern Marshall Plan
for the African Union
White Paper On How to Bring ICT to the African Union by 2013
PowerPoint Presentation for the ICT Africa 2008 Conference
Print of PowerPoint Presentation
Release on AUric Coin Design
The NEPAD Council has begun publication of a quarterly magazine concerning issues of interest to the
African Union business community. As of June 2009, the inaugural edition
was to feature prominently a cover story on the SWANsat project. Click on the links below to
read pre-publication drafts of this main article, which is entitled
Low-cost ICT: Golden Key to Africa's Economic Future:
Word DOC file
We were also asked to
contribute a second article on our Gold Standard proposal. Click on the links below to
read early pre-publication drafts of this second article, which is entitled
On Letting Justice Roll Down: Introducing an Honest
Gold Standard for Africa:
Word DOC file or Adobe
Click on the link below to
download both articles in a single PDF file:
PDF file showing Low-cost ICT article
PDF file with cover mockup showing Low-cost ICT article
We were asked
to produce an edition of our gold standard article to reflect interest by
the Republic of Zimbabwe:
Word DOC file
The AUric gold
coin design, the numismatic term of descriptive art "AUric", and the AUric
currency symbol device are claimed as trademarks by SWANsat Holdings, LLC.
Copyright © 2007 and Trademark ™ 2007 by SWANsat Holdings, LLC. ALL RIGHTS
RESERVED INTERNATIONALLY. Trademark ® Registrations for the AUric gold coin
design, the numismatic term of descriptive art "AUric", and the AUric
currency symbol device are pending 2008. All rights are pledged for transfer
to the African Union upon: (1) execution of a planned Note Verbale and
Memorandum of Understanding between SWANsat Holdings, LLC and the African
Union regarding Landing Rights for SWANsat, (2) exercise of a funding
participation option described therein, and (3) actual receipt of funding for
the SWANsat System proceeding therefrom.
High-Tech Project for African Union Proposes
Innovative Design to Stabilize African Economy
Mariposa Graphic Artist Designs Coin
Mariposa, CA —
Larry Vilott, of Vilott Creative Services of Mariposa, California, has been
commissioned to design the 100 AUric gold coin, a prototype 1 oz. gold coin
for presentation to the African Union as a new gold- and silver-based
currency proposed for use by the emerging 53-member economic confederacy.
will be introduced to the
African Union at the
ICT Africa 2008 telecommunications
conference scheduled to take place from February 13-15, 2008 in Addis Ababa,
Ethiopia, the African Union's capital.
over-size commemorative medallions of the 100 AUric coin will be presented
to Her Excellency Amina Salum Ali, the African Union's ambassador to the
United States, to Dr. Jabulani Dhliwayo, Senior Vice President of the
NEPAD Council, the African Union's official ICT advocacy
non-profit organization, and to a number of specially designated officials
of the African Union.
Dr. William P. Welty
The design for
the 100 AUric coin was commissioned by Dr. William Welty, Chief Executive
Officer of SWANsat LLC, developer and provider of the Super-Wide Area
Network Satellite (SWANsat) System.
"The name AUric
is a deliberate numismatic pun," explains Dr. Welty. "The chemical symbol
for gold — AU — contains the same two letters that comprise the abbreviation
for 'African Union'. By naming the new proposed coin AUric, we're
deliberately tying the new coin's content to the African Union's economy."
SWANsat, a planned constellation of high-powered telecommunications
satellites, is part of what the telecom licensee calls a modern Marshall
Plan for the African Union. SWANsat is intended to aid in the continent's
economic development by providing very low cost, satellite network-based
high-speed internet, computer, media, and VoIP service access throughout the
As part of its
contribution to the emerging African Union, SWANsat has offered to develop
and help implement a continent-wide gold- and silver-based economy. As
initially proposed, at current international spot gold prices approaching
$900 per ounce, a single AUric will be worth about $9.Trademarks to the
AUric design and currency symbol will be assigned to the African Union as
part of a formal agreement between the African Union and SWANsat Holdings.
design for the candidate AUric gold coin will be struck exclusively from
gold obtained from African-based precious metals dealers, providing an
exceptionally stable foundation for the economy of all of Africa.
produced a design for the "obverse" (heads) side. Vilott's design is
intended for use on all 1 oz. 100 AUric coins (see photo).
indigenous to each of the 53 members of the African Union will be invited to
contribute "reverse" (tails) side designs for the AUric, with one different
design representing each member nation.
in smaller denominations of the AUric are planned for issuance in silver.
That way, unlike other modern gold and silver coins being produced
internationally, the AUric won't remain merely a numismatic collector's
item. Instead, it's planned to be used in everyday commerce.