+ Reply to Thread
Page 5 of 22 FirstFirst 1 5 15 22 LastLast
Results 81 to 100 of 426

Thread: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

  1. Link to Post #81
    Canada Avalon Member Griff's Avatar
    Join Date
    13th May 2012
    Location
    Atlantic Canada
    Posts
    88
    Thanks
    875
    Thanked 543 times in 82 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    I haven't seen this reported widely, other than a brief CBC article referenced here. I think this could be quite significant:

    http://www.globalresearch.ca/petrodo...canada/5413467

    I would have surely thought that a deal trading Canadian oil directly in RMB would get far more attention.

    Griff
    Last edited by Paul; 14th November 2014 at 11:37.

  2. The Following 3 Users Say Thank You to Griff For This Post:

    NancyV (16th November 2014), naste.de.lumina (14th November 2014), Paul (14th November 2014)

  3. Link to Post #82
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by Griff (here)
    I would have surely thought that a deal trading Canadian oil directly in RMB would get far more attention.
    China, Russia and the other BRICS nations are working hard and fast to put in place alternatives to the US Dollar based financial arrangements.

    But apparently the time to "spring" this on the American public has not yet (quite) arrived.

    This reminds me of watching the men of the town I grew up in, gathering boxes of fireworks and arranging wires and such, in the big field next to the parade ground, on the afternoon of July 4th, each year. One soon figured out that these activities were a prelude to another fine fireworks display, that would begin a half hour after sunset, that evening.

    In the present situation, I suspect that the (world monetary) fireworks will begin with something involving gold. It's not because (so far as I know) gold has some technical property that is necessary and essential to such Babylonian Money Magic as controls us, though it (gold) might have such ... but rather it's because gold is the mark our "overlords" use to "bless" money, and they aren't about to change that habit after so many thousands of years.

    So, we will soon (whatever that means) see:
    • The US Congress pass the 2010 IMF Code of Reforms.
    • Russia and China reveal holdings of over 30,000 tons of gold.
    • China offer to buy gold at well above the COMEX spot price (the fireworks begin).
    • A severe crisis in interest rate swap and foreign exchange rate derivatives.
    • Some major Western banks fail, with losses to depositors this time.
    • Serious economic collapse in the US, Europe and Japan.
    • The loss of US Dollar reserve currency status.
    • The rise of China to a top tier role in the IMF.
    • A stronger role for the IMF and BIS over major financial institutions.
    • A US Treasury issued domestic Dollar.
    • US Treasury and Federal Reserve debt restructured in SDR denominations.
    Last edited by Paul; 14th November 2014 at 11:03.

  4. The Following 5 Users Say Thank You to Paul For This Post:

    Griff (19th November 2014), kevlor (14th November 2014), NancyV (16th November 2014), naste.de.lumina (14th November 2014), Sophocles (26th November 2014)

  5. Link to Post #83
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    As I observed earlier in this thread, force, sufficiently overwhelming force to collect on debts (and steal whatever else is coveted), is an essential element of debt-based monetary systems.

    The military, intelligence, black-ops power of the United States, during and since World War II, has dominated this planet, and been an essential element of the world monetary reserve status of the US Dollar.

    As the US Dollar's reserve status ends, so will the US force dominance end. We are already seeing this. The US Military is shrinking, the Germans are pulling back from NATO, and Japan is stepping out from under the US Military defense umbrella.

    From GovernAmerica.com:
    For the first time since the end of the Cold War in the 1990s, the Army is shrinking. Faced with declining budgets, the Army, the largest of the services, cut its force this year to 508,000 soldiers from 530,000, with plans to trim an additional 20,000 troops next year. If funding cuts mandated by Congress continue, the Army could have fewer than 450,000 soldiers by 2019 — the smallest force since World War II.
    From Deutsche Gesellschaft:
    What this means is that Germany is no longer able to fulfill its commitment to NATO. In case of an attack on one of NATO's Baltic member states, Germany has promised to send 60 Eurofighters. Right now, that would be impossible, as Defense Minister Von der Leyen admitted over the weekend.

    “As far as the flying systems are concerned, we are at the moment below last year's target numbers of what we could make available to NATO within 180 days in case of an emergency,” Von der Leyen told the newspaper Bild am Sonnntag newspaper [DE].
    From Joseph P. Farrell:

    Japan is stepping up its own military, connecting more closely with China, and (Farrell speculates) preparing to assume its own military role, displacing the continued US military occupation since World War II, and stepping out from under the US military umbrella.

  6. The Following 7 Users Say Thank You to Paul For This Post:

    Calz (14th November 2014), kevlor (14th November 2014), NancyV (16th November 2014), PathWalker (14th November 2014), Sophocles (26th November 2014), spiritwind (18th November 2014), yuhui (15th November 2014)

  7. Link to Post #84
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by naste.de.lumina (here)
    ~~~~~~~~~~

    From page 75 of this book, as posted at The Rockefeller Plan for the BRICS New World Order, in their own words… (Update 1 – Putin and Kissinger’s friendship) (RedefiningGod.com):
    ~~~~~~~~~~

    One of many delightful images that xidaijena just posted on the Avalon Crazy China! thread:
    Last edited by Paul; 14th November 2014 at 23:27.

  8. The Following 7 Users Say Thank You to Paul For This Post:

    Calz (14th November 2014), Gardener (13th February 2015), NancyV (16th November 2014), naste.de.lumina (14th November 2014), seko (5th December 2014), Sophocles (26th November 2014), yuhui (15th November 2014)

  9. Link to Post #85
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    From the G20 Leaders’ Communiqué (pdf), released after the G20 Brisbane Summit meeting, 15-16 November 2014, as reported by JC Collins at G20 Summit Communique (PhilosophyOfMetrics.com):

    ~~~~~~~~~~
    The G20 must be at the forefront in helping to address key global economic challenges. Global economic institutions need to be effective and representative, and to reflect the changing world economy. We welcome the increased representation of emerging economies on the FSB and other actions to maintain its effectiveness.

    We are committed to maintaining a strong, quota-based and adequately resourced International Monetary Fund (IMF). We reaffirm our commitment in St Petersburg and in this light we are deeply disappointed with the continued delay in progressing the IMF quota and governance reforms agreed in 2010 and the 15 th General Review of Quotas, including a new quota formula.

    The implementation of the 2010 reforms remains our highest priority for the IMF and we urge the United States to ratify them. If this does not happen by year-end, we ask the IMF to build on its existing work and stand ready with options for next steps.
    ~~~~~~~~~~

    The US Congress will pass the 2010 IMF Reforms, or it will be by-passed .

    See my Post #55 above for JC Collins post on what these "options" are, in the case that the US Congress doesn't pass the 2010 IMF Reforms.
    Last edited by Paul; 16th November 2014 at 13:37.

  10. The Following 4 Users Say Thank You to Paul For This Post:

    Dennis Leahy (16th November 2014), NancyV (16th November 2014), naste.de.lumina (16th November 2014), Sophocles (26th November 2014)

  11. Link to Post #86
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by Paul (here)
    Such a system repeatedly runs out of steam, whenever there is a decline in what can be taken in the present, to pay the debts acquired in the past.

    This recurring problem is solved, not with a Debt Jubilee (forgiving of debts), but by assembling even greater power and authority to extract even more production and resources.

    Once again ... this time it is the US being replaced by some global institutions which all the major nations (except for the US, so far) are supporting.
    I'd like to clarify and extend these two points from above.

    ===

    This recurring problem of the collapse of the debt system, when the current production cannot satisfy the previous promises, is resolved by (1) even bigger promises to replace the defaulted promises, (2) where these bigger promises gain their power, their authority, from an even larger, more encompassing, credible threat of force.

    Mao said that "Political power grows out of the barrel of a gun."

    I say that "The power of debt-based money magic also grows out of the barrel of a gun."

    ===

    It is no accident that the popular support for the US President and US Congress are at an all time low. They are the fall guys. They are being setup to fail, in the face of an even larger, more encompassing, credible institution of authority (and threat of force.)

    By the time we finish with George W. Bush and Barrack H. Obama, there will be scarcely a conscious American left who thinks that all US Presidents are generally deserving of respect.

    As part of this discrediting of the US Congress and President, it may very well be that we see more gridlock, more passage of bills we don't want, and continued failure to pass either the IMF 2010 reforms or anything that we (the American people) do want. Their failure is the only option they are being allowed.

  12. The Following 4 Users Say Thank You to Paul For This Post:

    NancyV (16th November 2014), naste.de.lumina (16th November 2014), seko (5th December 2014), Sophocles (26th November 2014)

  13. Link to Post #87
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Also in my Post #55 above, I wrote (summarizing JC Collins) that:
    Quote China is not intending to replace the US Dollar with its own currency as the world's reserve currency. Rather it is intending to provide one more, major, leg supporting the new, global, monetary system, founded on SDR denominated debt, currencies, rules and regulations.
    This is confirmed, once again, this time in China Daily, reporting on China's President Xi Jinping attending the G20 conference:

    ~~~~~~~~~~
    President Xi Attends G20 Summit

    Xi backs higher IMF standards

    China will subscribe to the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF) and support the G20 in establishing a global infrastructure center, President Xi Jinping said on Saturday in Brisbane.

    On the first day of the two-day 9th G20 Summit, Xi highlighted China's view on major issues in the global economy, and put forward suggestions regarding boosting economic growth, transcontinental connectivity, infrastructure and financing.

    China has already been a subscriber to the IMF's General Data Dissemination System (GDDS), and SDDS represents higher and tougher standards.

    The SDDS aims to enhance the availability of timely and comprehensive economic and financial data, and Beijing's decision of adopting it has been hailed by senior officials and observers as China's commitment to "improve the dissemination of statistics".
    ~~~~~~~~~~

    There is more to this China Daily article here.

  14. The Following 3 Users Say Thank You to Paul For This Post:

    NancyV (16th November 2014), naste.de.lumina (16th November 2014), Sophocles (26th November 2014)

  15. Link to Post #88
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Here is another confirmation of China's intentions in all this, from the Xinhua News Agency, which is the state press agency of the People’s Republic of China, from their October 2013 article Commentary: U.S. fiscal failure warrants a de-Americanized world, as reported in China’s complicity in building the Rockefeller New World Order, in their own words… (RedefiningGod.com).

    Here is just part of that October 2013 article, from the English version of Xinhua:

    ~~~~~~~~~~~~~
    As a result, the world is still crawling its way out of an economic disaster thanks to the voracious Wall Street elites, while bombings and killings have become virtually daily routines in Iraq years after Washington claimed it has liberated its people from tyrannical rule.

    Most recently, the cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising debt ceiling has again left many nations' tremendous dollar assets in jeopardy and the international community highly agonized.

    Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing.

    To that end, several corner stones should be laid to underpin a de-Americanized world.

    For starters, all nations need to hew to the basic principles of the international law, including respect for sovereignty, and keeping hands off domestic affairs of others.

    Furthermore, the authority of the United Nations in handling global hotspot issues has to be recognized. That means no one has the right to wage any form of military action against others without a UN mandate.

    Apart from that, the world's financial system also has to embrace some substantial reforms.

    The developing and emerging market economies need to have more say in major international financial institutions including the World Bank and the International Monetary Fund, so that they could better reflect the transformations of the global economic and political landscape.

    What may also be included as a key part of an effective reform is the introduction of a new international reserve currency that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States.

    Of course, the purpose of promoting these changes is not to completely toss the United States aside, which is also impossible. Rather, it is to encourage Washington to play a much more constructive role in addressing global affairs.
    ~~~~~~~~~~~~~

    (Bold added by myself.)

    It is becoming compellingly obvious where we're headed, at least as regards the world monetary system.

  16. The Following 4 Users Say Thank You to Paul For This Post:

    gripreaper (6th December 2014), NancyV (17th November 2014), naste.de.lumina (17th November 2014), Sophocles (26th November 2014)

  17. Link to Post #89
    Brazil Unsubscribed
    Join Date
    4th April 2013
    Age
    50
    Posts
    1,453
    Thanks
    11,308
    Thanked 7,529 times in 1,350 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    It seems that the central structure for globalist economic plan is in place as well explained for the autor the blog (RedefiningGod.com) and for this topic.

    After the end of the G-20 in Sunday, 11.16.2014, with the progress of the week goes on, some consequences of the main meetings behind the curtains should start to appear.

    However, according to the latest article from Dave Hodges (THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING), certain consequences follow faster than other for slaves of the farms.

    A portion of the article:

    Quote The G20 Just Stole Your Bank Account


    Can you find yourself in the picture?

    With the G-20 summit coming up this weekend in Brisbane, Australia, it might be worth wondering if you can have too much money in the bank, or, Whether you shouldnt any money in the bank at all!

    As of this morning all nations Belonging to the G20 will immediately submit and pass que Legislation Will Fulfill the new investment program. This new program Creates a whole new paradigm and set of rules whereby banks will no longer Recognize your deposits the money.
    Last edited by naste.de.lumina; 17th November 2014 at 01:01.

  18. Link to Post #90
    Brazil Unsubscribed
    Join Date
    4th April 2013
    Age
    50
    Posts
    1,453
    Thanks
    11,308
    Thanked 7,529 times in 1,350 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Reinforcing the new dialectic BRICS (good guys) X OLD Powers (bad guys)

    Quote G20 in Australia: Buffoons v the Global South - By Pepe Escobar

    Here’s the G20 in Australia in a one-liner: a tiny bunch of Anglo-Saxon political buffoons attempts to drown out the Global South.

    Countries representing over 85 percent of the world economy get together to (in theory) discuss some really heavy economic/financial issues, and virtually the only thing pitiful Western corporate media blabbers about is Russian President Vladimir Putin cutting an ‘isolated figure’.

    Well, Washington and its string of puppets did try to turn the G20 into a farce. Fortunately the adults in the room had some business to do.

    The five BRICS member-nations – despite their current problems, the G5 that really matters in the world - did meet before the summit, including the ‘isolated figure’. Economically, this G5 more than matches the old, decrepit G7.

    Brazilian President Dilma Rousseff forcefully encouraged the G5 to turbo-charge their mutual cooperation – as well as South-South cooperation. That includes, of course, the BRICS Development Bank. The BRICS, stressing their ‘serious concern’, once again called Washington’s bluff – perpetually refusing to endorse much-delayed structural reform at the IMF.

    The IMF quota and governance reform package was in fact approved by the IMF’s Board of Governors way back in 2010. One of its key resolutions was to increase the voting power of emerging markets, the BRICS at the forefront. For Republicans in Washington, this is worse than communism.

  19. Link to Post #91
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Update - everything I am reading, both from JC Collins and Jim Willie, indicates to me that the US Congress will not accept the 2010 IMF Code of Reforms. I am seeing no indication to the contrary anywhere else either; the IMF reforms do not seem to be on the calendar for consideration by Congress.

    JC Collins, in his latest post The Tail of the Dragon: How and Why China Delayed IMF Reforms Through Republican Party Donations speculates that this is in part a deliberate result of Chinese supporting the Republican victory in the recent US Elections, via funding through the Koch brothers. Apparently the Chinese have concluded that they can strike a better deal without the US accepting the 2010 IMF Code of Reforms.

    Jim Willie remains confident, in considerable detail, in his monthly subscription newsletter that just came out, that Russia, China and many associated nations, including Saudi Arabia, are accelerating the creation of alternative trade settlement arrangements, outside the US Dollar, and the various monetary and financial institutions and mechanisms that go along with that. He continues to expect a sharp and imminent (early 2015) repricing (perhaps initially doubling) of gold by China in their Shanghai market, and the collapse of Japan's financial markets, along with some major banks.
    Last edited by Paul; 26th November 2014 at 13:31.

  20. The Following 10 Users Say Thank You to Paul For This Post:

    Dennis Leahy (28th November 2014), kevlor (27th November 2014), naste.de.lumina (26th November 2014), Operator (26th November 2014), PathWalker (28th November 2014), Rahkyt (29th November 2014), Ria (26th November 2014), Rocky_Shorz (28th November 2014), Shezbeth (28th November 2014), Sophocles (26th November 2014)

  21. Link to Post #92
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by mgray (here)
    There's also a real word answer to the dramatic drop in gold and crude oil prices.
    The US is trying to cripple Putin and Russia for Crimea aggression by having Saudi Arabia flood the market with sub $80 oil. Russia needs $90-$100 oil to make a profit. Saudi needs $15 - $20 oil to make a profit
    So Putin is forced to sell gold to make up shortfall in revenue in order to bring in food for the winter.
    Results are in on Russia's gold "sales" for October, 2014.

    From Bloomberg:

    ~~~~~~~~~~~~~~~~
    Ukraine Gold Reserves Contract as Russia Buys More Bullion
    By Nicholas Larkin, Glenys Sim and Swansy Afonso Nov 21, 2014 6:38 AM CT

    Ukraine’s gold reserves contracted to the smallest in six years as Russia bought bullion, taking its holdings to the biggest in at least two decades.

    Ukraine reduced bullion reserves by about 35 percent to 26.1 metric tons last month, data on the International Monetary Fund’s website showed. Russia raised holdings by 1.6 percent to 1,168.7 tons by the end of October.
    ~~~~~~~~~~~~~~~~

    As I should have thought to suggest earlier, it is far more likely that Russia would sell some of its US Treasuries, if need be, rather than gold.
    Last edited by Paul; 28th November 2014 at 07:14.

  22. The Following 4 Users Say Thank You to Paul For This Post:

    Dennis Leahy (28th November 2014), naste.de.lumina (28th November 2014), Rocky_Shorz (28th November 2014), Shezbeth (28th November 2014)

  23. Link to Post #93
    United States Unsubscribed
    Join Date
    15th March 2010
    Posts
    10,068
    Thanks
    12,891
    Thanked 32,308 times in 7,756 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Russian Ruble is in a free fall against the dollar, 50 to 1 exchange rate after OPEC continues to drive down the price of oil with Maximum output...

    everyone thought Saudi's move was to hurt US oil producers...

    everyone is expecting the Central Bank to step in to stop the free fall

  24. Link to Post #94
    Unsubscribed
    Join Date
    21st March 2010
    Location
    the foothills of le Massif Central, France
    Age
    72
    Posts
    1,352
    Thanks
    7,476
    Thanked 4,829 times in 1,059 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)



    HUGE rumblings from France as French National Front leader Marie le Pen demands that France repatriate its gold


    First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National, which shockingly came first in May's European parliament elections, and whose leader Marine Le Pen is currently polling in first place in a hypothetical presidential election (in both a first and run off round), ahead of president Hollande, has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

    From her letter, here is the full list of French demands (google translated):

    Urgent repatriation on French soil of all of our gold reserves located abroad.

    • An immediate discontinuation of any gold sales program.

    • Conversely, a gradual reallocation of a significant portion of foreign exchange reserves in the balance sheet of the Bank of France by buying gold at each significant decrease in the price of an ounce (recommendation 20%) .

    • A suspension of any financial commitment or loan contract would wager that our gold reserves.

    • At the patrimonial and financial balance of the 2004 gold sales transactions ordered by N. Sarkozy.

    Open letter to Mr Christian Noyer on the gold reserves of France

  25. Link to Post #95
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    ~~~~

    A new update from JC Collins -- The Implosion of American Culture:

    ===================
    (Excerpts)
    ...
    the same machinations as “perestroika” and ‘glasnost” can be observed in the social fragmentation and devolution of the American middle class. Where the Soviet Union enacted policies which instigated the CSI changes within the country, it will be Americas lack of enacting policy change which will precipitate the implosion of its culture
    ...
    To understand what this means we must consider the expansion of American culture around the globe since 1944, which was the year the USD became the primary reserve currency used in global trade. As use of the dollar increased, so did the acceptance of western culture. Everything from McDonald’s burgers to Hollywood creations were exported around the world.
    ...
    In November of 2010 the G20 countries along with the International Monetary Fund agreed to reforming the international system. These reforms have been held up in the US Congress since and the message is being sent that the rest of the world is becoming impatient and tired of the American games.
    ...
    Over the last few years we have begun to see once stable American institutions and companies begin to struggle.
    ...
    This implosion of culture can be seen in the recent racial and political divide which has been given focus in the riots and protests across the country.
    ...
    Yet, nowhere are the masses being informed and educated about the reality of economics and politics, let alone about the decay of culture and self.
    ...
    From this engineered ignorance the surprise of a “fall of the Berlin Wall moment” will emerge and crawl across the face of the western man.
    ...
    It is beginning to look likely that the the IMF Reforms were never meant to be passed and enacted as written back in 2010. As such, the IMF along with the BRICS countries and other G20 members, have devised methods of bypassing America and implementing and even broader reform of the institution. This Plan B implementation will build on the meme of “American greed and instability” in order to create acceptance of a reformed system which has stripped the US of its veto power on the IMF Executive Board, as well double the actual quota commitment from member countries.
    ...
    Now that Saudi Arabian interests have been secured through Chinese bonds, the fragmentation of old “dollar based” structures such as OPEC can begin. Everywhere a dollar based institution has been established will see change as the system transitions and the multilateral emerges.
    ...
    By July, 2015, the renminbi will be added to the SDR basket composition and from that moment SDR bonds will begin to re-liquify the international financial system.
    ...
    The current deflation of commodities will be temporary and the new SDR commodities exchange will “correct” the imbalances in the system caused by American greed and the USD instability.
    ===================

    See the above link for the full post.

    In short, the US is about to experience a "Fall of the Berlin Wall", Yankee style.

    As Jim Willie has been predicting for years, in the end "the dollar will rise, and rise, and rise ... and then collapse." We are now in that final rising period. Jim Willie is predicting that Chinese repricing of gold, in a few months, will trigger the collapse. JC Collins is predicting that the refinancing of the international financial system using SDR's will be that trigger, "by July, 2015".

  26. The Following 3 Users Say Thank You to Paul For This Post:

    Calz (4th December 2014), kevlor (7th December 2014), naste.de.lumina (4th December 2014)

  27. Link to Post #96
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Alasdair Macleod posted an article a few days ago that has received wide spread coverage on the gold bug sites, and even made it to Zerohedge: Russia's Monetary Solution.

    Normally, he does not get much following on the gold bug sites, as his thinking is neither conventional "main stream", nor conventional "gold bug". He has only been mentioned once, over a year ago, here on Avalon: TOO BIG TO JAIL ... A Keiser Report rant... Post #80.

    However the gold bugs could not resist Alasdair's latest speculation, that Russia may be moving towards putting its ruble "on a gold exchange standard." Alasdair only briefly mentions China in this article, to recognize that China might also be "working towards a similar objective."

    Alasdair posted this article on 28 November 2014, on both his own website FinanceAndEconomics.org, and on GoldMoney.com, where Alasdair is Head of Research.

    Alasdair's analysis here reminds me of Jim Willie's recent forecast, which Jim has repeated in many interviews and in his Hat Trick subscription newsletter, that sometime in the first few months of 2015 China will shock the world financial markets by offering to purchase gold at a price perhaps twice what the going paper (Comex futures) price of gold, sparking the final and dramatic stages of the collapse of the US Dollar based Western financial markets, and ending the reign of the US Dollar as the world's reserve currency. Well ... similar in substance, though quite different in style. I'm confident that Alasdair has more tailored suits and ties in his closet than does Jim Willie, aka the Golden Jackass.

    Here are the opening words of Alasdair Macleod's article:

    =================
    Russia’s monetary solution

    By Alasdair Macleod
    Posted 28 November 2014
    ---------------------------------------------------

    The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies.

    The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable or unwilling to do the same and those that can follow in due course. It would be a schism in the world's dollar-based monetary order.

    Russia has made plain her overriding monetary objective: to do away with the US dollar for all her trade, an ambition she shares with China and their Asian partners. Furthermore, in the short-term the rouble's weakness is undermining the Russian economy by forcing the Central Bank of Russia (CBR) to impose high interest rates to defend the currency and by increasing the burden of foreign currency debt. There is little doubt that one objective of NATO's economic sanctions is to harm the Russian economy by undermining the currency, and this policy is working with the rouble having fallen 30% against the US dollar this year so far with the prospect of further falls to come.
    =================

    ... and here are the closing words of this fine article:

    =================
    ... by adopting a gold exchange standard Russia is almost certain to raise fundamental questions about the other G20 nations' approach to gold, and to set back western central banks' long-standing attempts to demonetise it. It could mark the beginning of the end of the dollar-based international monetary system by driving currencies into two camps: those that can follow Russia onto a gold standard and those that cannot or will not. The likely determinant would be the level of government spending and long-term welfare liabilities, because governments that leech too much wealth from their populations and face escalating welfare costs will be unable to meet the conditions required to anchor their currencies to gold. Into this category we can put nearly all the advanced nations, whose currencies are predominantly the dollar, yen, euro and pound. Other nations without these burdens and enjoying low tax rates have the flexibility to set their own gold exchange standards should they wish to insulate themselves from a future fiat currency crisis.

    It is beyond the scope of this article to examine the case for other countries, but likely candidates would include China, which is working towards a similar objective. Of course, Russia might not be actively contemplating a gold standard, but Vladimir Putin is showing every sign of rapidly consolidating Russia's political and economic control over the Eurasian region, while turning away from America and Western Europe. The fast-track establishment of the Eurasian Economic Union, domination of Asia in partnership with China through the Shanghai Cooperation Organisation, and plans to set up an alternative to the SWIFT banking payments network are all testaments to this. It would therefore be negligent to rule out the one step that would put a stop to foreign attempts to undermine the rouble and the Russian economy: by moving the currency war away from the foreign exchanges and into the physical gold market were Russia and China hold all the aces.
    =================

    Alastair's phrasing is certainly more erudite, less pungent, than Jim Willie's. But like several other analysts that I follow, including JC Collins, the chief protagonist of this particular thread, it seems to be headed in the same direction.

    The reign of the US Dollar's dominant status in the world's financial markets is coming to an end. There will soon be a time when anyone who did not get out of US Dollar denominated (or Yen or Euro denominated) financial assets, such as stocks and bonds, will wish they had.

  28. The Following 4 Users Say Thank You to Paul For This Post:

    Calz (4th December 2014), kevlor (7th December 2014), mountain_jim (5th December 2014), naste.de.lumina (4th December 2014)

  29. Link to Post #97
    Avalon Member T Smith's Avatar
    Join Date
    15th January 2011
    Posts
    1,108
    Thanks
    5,977
    Thanked 4,649 times in 999 posts

    Thumbs up Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    I've been following this development with fascination... this is truly one of the most intense chess games of our time. But there are a couple nagging questions I can't seem to reconcile:

    #1. As I understand the dynamic China pretty much has to hold its nose while it purchases Treasuries with its excess dollars... but why not just buy gold at its current bargain-basement-ridiculously-undervalued-and-manipulated prices with their dollars instead of Treasuries all along? If you truly want to increase the nation’s gold holdings, wouldn’t this be the way to do it? The theory is the U.S. trade deficit forces China's hand to dump its surplus dollars back into Treasury bonds (what the hell else are they supposed to do with them?), but my question is, why not just buy something tangible with their dollars instead, namely gold?

    #2. We've been hearing for some time now that China/Russia et. al are going to officially announce their gold holdings in tonnes at some future time, something to the tune of 4,000 - 6,000 tonnes, or perhaps even back their national currencies with some percentage of gold, and thus precipitate the collapse and downward spiral on the dollar. In short, we've been reading from numerous commentators, and for quite some time, that China has been preparing to deliver a coup de grace blow on the dollar, but only after careful deliberation and only after all the right pieces are in place. It takes little insight to understand that a $5,000 - $10,000 gold price would collapse the dollar. But this is hardly a little known development and almost common knowledge among certain observers. My question is, if every commentator and her brother can foresee China's strategy against the dollar doesn't the Federal Reserve and its conniving cohorts also foresee (and thus have prepared) for this scenario? I find it difficult to believe that the current money changers in power, who for all intents and purposes have conquered and have controlled the most powerful governments in the world for the better part of the past century, are not prepared for this very predictable attack on the dollar. Perhaps there is little they can do to retaliate, or perhaps the "reset" will not affect their power structure in the slightest, rather merely wipe the slate clean for a redux. But in any case, I have yet to read any speculative account on how this might affect the current PTB or how they might respond to such a move. This leads me to believe that commentators like JC Collins and Jim Wille are taking a very 2-dimensional approach in analyzing the current dynamic afoot, as if they are simply assuming the Fed is blind to these moves against the dollar and have no idea what is coming. It would be a lot more interesting to me (and certainly more convincing) if they also were to analyze how the Fed and the current PTB might respond to such an existential threat to their power structure.

    I think this is a very complex battle, and not so simple as China simply setting a $2,500.00 tender price on gold.
    Last edited by T Smith; 5th December 2014 at 04:42.

  30. The Following 3 Users Say Thank You to T Smith For This Post:

    Dennis Leahy (5th December 2014), PathWalker (5th December 2014), TargeT (5th December 2014)

  31. Link to Post #98
    United States Avalon Member gripreaper's Avatar
    Join Date
    2nd January 2011
    Posts
    3,979
    Thanks
    9,625
    Thanked 29,634 times in 3,742 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by T Smith (here)
    It would be a lot more interesting to me (and certainly more convincing) if they also were to analyze how the Fed and the current PTB might respond to such an existential threat to their power structure.
    I concur. I think that the dollar collapse is a staged event (or slow bleed) and is the crisis being engineered in the Hegelian dialectic of a new synthesis of Special Drawing Rights under the IMF and the World central bank. There is way more to this than meets the eye. You can't just "go against" thousands of years of patriarchal pyramidal power structure to which you are fully indentured.
    "Lay Down Your Truth and Check Your Weapons
    The Next Voice You Hear Will Be Your OWN"
    https://www.youtube.com/watch?v=IhS69C1tr0w

  32. The Following 4 Users Say Thank You to gripreaper For This Post:

    Dennis Leahy (5th December 2014), PathWalker (5th December 2014), T Smith (5th December 2014), TargeT (5th December 2014)

  33. Link to Post #99
    United States Avalon Retired Member
    Join Date
    4th January 2011
    Location
    North Texas
    Age
    71
    Posts
    27,723
    Thanks
    28,846
    Thanked 129,155 times in 20,634 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by T Smith (here)
    As I understand the dynamic China pretty much has to hold its nose while it purchases Treasuries with its excess dollars... but why not just buy gold at its current bargain-basement-ridiculously-undervalued-and-manipulated prices with their dollars instead of Treasuries all along?
    Quote Posted by gripreaper (here)
    I concur. I think that the dollar collapse is a staged event (or slow bleed) and is the crisis being engineered in the Hegelian dialectic of a new synthesis of Special Drawing Rights under the IMF and the World central bank. There is way more to this than meets the eye. You can't just "go against" thousands of years of patriarchal pyramidal power structure to which you are fully indentured.
    China and Russia are, so far as I can tell from what I read and listen to, accumulating gold, as fast as they can, and have been doing so for at least the last couple of years.

    There is a limit on how fast they can do this, without driving the Dollar price of gold much higher. The price of gold, when purchased in 100 ton lots for physical delivery, is apparently already quite a bit (say 50% to 80%) higher than the paper price of gold on Comex futures, or when purchased in small quantities by ordinary people.

    They are apparently accumulating gold faster than it is produced on the planet, by taking it from Western vaults. When the amount of gold that can be taken (stolen, essentially) from Western vaults runs out, then this phase of the monetary transition will have ended.

    The "Hegelian dialectic" is pitting West against East, NATO against BRICS, ... Someone, some beings, some entities, sit above this, not embedded in either side. The NATO/Neocon/Federal Reserve/Washington/... side is being dragged through this kicking and screaming; they don't like it one bit.

    But the pyramidal power structure and Babylonian money magic (debt based currency) of the last many millenia is not threatened ... just undergoing another shift in what constitutes the "most senior, most liquid" debt.

    Whether or not the "losing" Western side will be able to, allowed to, create a major war or other massively destructive or lethal event (major EMP, major ebola or other such pandemic, major war, ...) remains to be seen. Pretty clearly some of the neocons are straining at the bit to do something like this, but so far, someone seems to be keeping the Neocon bastards on a leash. Rather, the focus seems to be more on continuing to weaken and divide Americans and their domestic economy, cultures, and institutions.

  34. The Following 3 Users Say Thank You to Paul For This Post:

    gripreaper (6th December 2014), Ron Mauer Sr (5th December 2014), T Smith (5th December 2014)

  35. Link to Post #100
    Israel Avalon Member PathWalker's Avatar
    Join Date
    27th June 2010
    Location
    Israel
    Age
    55
    Posts
    1,418
    Thanks
    6,729
    Thanked 6,647 times in 1,060 posts

    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by gripreaper (here)
    Quote Posted by T Smith (here)
    It would be a lot more interesting to me (and certainly more convincing) if they also were to analyze how the Fed and the current PTB might respond to such an existential threat to their power structure.
    I concur. I think that the dollar collapse is a staged event (or slow bleed) and is the crisis being engineered in the Hegelian dialectic of a new synthesis of Special Drawing Rights under the IMF and the World central bank. There is way more to this than meets the eye. You can't just "go against" thousands of years of patriarchal pyramidal power structure to which you are fully indentured.
    Thanks to Alan for this post.
    Karen Hudes, has just posted her plan to take back the power from the BIS to another version NWO organization. She named it the rule of law (who decides the law? and how it is decides? she failed to mention)!
    Karen Hudes wants single world currency (Orum) backed by gold (who owns/control the gold she failed to mention).
    Commodities based currency is a good idea in general. The matter is power and control not just the currency. Where the power and control goes there goes the liberty.
    Last edited by PathWalker; 5th December 2014 at 18:04. Reason: Credit to Alan
    We are playing a virtual reality game, of duality. In the game of choices, align your choices with your ideals. Everything is whole, complete and perfect. Even yourself. Love is the power to change/create.

  36. The Following User Says Thank You to PathWalker For This Post:

    kevlor (7th December 2014)

+ Reply to Thread
Page 5 of 22 FirstFirst 1 5 15 22 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts