Page 99 - Systemic Reform Solutions 2015-2022

DEBT RECONCILIATION
The reconciliation of all debt, including municipal, sovereign and private bonds, stocks, and
commodities will be overseen by the GCTA, to ensure all persons with verifiable claims of debt
obligation owed to them are reimbursed, up to their Maximum Compensation Level.

Individuals residing in or holding private property that secures debt obligations will have right of

first use, and upon their death, the property will be transferred to the public domain, for lottery
distribution and/or recycle. Those wishing to retain private property (with or without an open loan
obligation) may do so, however, maintenance of private property must be paid at True Cost for
roads, sewage systems and treatment, fixtures, furnishings, water, heating, gas, as well as all Social
Benefits/Standard Needs (without subsidies), which would include food, education, training, etc.

Private Property Debt Settlement Example: The loan obligation for the property will be absorbed
by the Global Compensation and Transaction Administration, and the payment of Willits is issued

to the loan holder. The residing individuals retain their home and are established as Private Owners
Without Equity – non-Standard Needs citizens who pay the True Cost for all goods and services.
However, no monthly nor annual rental rate nor mortgage is payable, just the cost of upkeep for
the property is required. The property must be maintained based on social standards or will be at
risk for demolition. Upon the death of the property owner, the property is entered into the public
domain.

88 | P a ge