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

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

    the weak ones are starting to fall.

    Quote Russian Ruble Crashes to World's Worst-Performing Currency
    The ruble collapsed by 10 percent against the U.S. dollar Monday earning the Russian currency the dubious laurels of the world’s worst-performing currency this year.

    The Russian currency has now fallen 49.3 percent against the greenback since January, according to data from the Moscow Exchange. The drop takes it below the Ukrainian hryvna, which has weakened 47.9 percent in 2014.

    Monday’s plunge was the largest single-day fall for the ruble since the financial crisis of 1998 when Russia was forced to default on its debt after exhausting its reserves in a fruitless bid to prop up the currency.

    In evening trading Monday the ruble was worth 64.4 against the dollar and 78.8 versus the euro. The currency earlier dropped past 100 rubles to the British pound.

    Russian stocks followed the ruble downward with analysts at Bank of America Merrill Lynch labeling the 10 percent decline for some shares “local capitulation.”

    The dollar-denominated RTS Index, particularly vulnerable to ruble weakness, fell 10.12 percent Monday to 718.32 points, its largest drop since March when Russia moved to annex Ukraine’s southern Crimean Peninsula.

    The ruble’s depreciation has gathered pace in recent days with the currency shedding 15 percent versus the dollar in the last three days of trading alone.

    The ruble has been under heightened pressure from falling oil prices — with Brent crude now trading at almost $60 a barrel down from a June high of $115 — but appeared Monday to decouple from its traditional link to the oil price. Oil initially strengthened Monday, before reversing gains after stock markets closed in Moscow.

    “The ruble today became detached from oil fundamentals,” Tom Levinson, currency strategist at Sberbank CIB in Moscow, said in written comments.

    “The problem is that there is no obvious 'end game' for investors to grab hold of when it comes to a possible turnaround. Markets are pushing at an open door,” he said.

    The Ghanian cedi and the Argentinian peso occupy the places above the hryvna and the ruble at the bottom of the table of this year's worst-performing currencies. The hryvna has been battered by a full-blown recession in Ukraine exacerbated by a war in the east of the country and the introduction of capital controls.

    Monday's moves by the ruble were “staggering,” said Timothy Ash, an emerging markets analyst at Standard Bank, in a note to investors.

    Currency traders said that the Central Bank intervened on the market to support the ruble Monday afternoon, according to the Reuters news agency. In line with the regulator's approach since letting the ruble free-float on Nov.10 however, the interventions were relatively small — apparently designed to slow the currency's fall rather defend a certain level.

    "The policy response from the Russian authorities has been close to non-existent," according to analyst Ash. “This is a really high-risk strategy from the Central Bank.”

    Experts earlier warned that the Central Bank could stage a large intervention on the market to punish traders betting on the ruble's continued decline, but such expectations appear to be fading.

    There is an increasing conviction that “ruble bears will not be subject to any sudden bounce back,” said strategist Levinson.

    While Russia has spent over $70 billion defending the ruble this year, it still has $420 of its foreign currency reserves left, according to Central Bank data.

    Additional downward pressure on the ruble was generated by fears of an increase in tensions between Moscow and the West after the passage through the U.S. House of Congress at the weekend of a new bill that could harden sanctions against Russia over the Ukraine crisis if signed into law by President Barack Obama.

    The Ukraine Freedom Support Act would “be negative for market sentiment,” analysts at Sberbank CIB said in a note Monday.

    The speed and extent of the ruble's disintegration in recent days has also raised fears that the Russian government could resort to more extreme measures, including restrictions on the free flow of capital, in order to restore stability to the market.

    “There is a growing sense that the currency crisis is spiraling out of control,” London-based macroeconomic research company Capital Economics said in an emailed report Monday.

    “Hard-liners inside the Kremlin are most likely to be making the case for capital controls.”
    http://www.themoscowtimes.com/busine...es/513309.html
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  3. Link to Post #122
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Coming from Miles Franklin's blog, we have a very good summary of several pieces of the puzzle and blatant manipulation.

    Quote One Foot on a Banana Peel …The Other in a Grave!

    By Bill Holter - December 15 2014


    Never before have I seen so many pieces of information to be put together in the span of just one week. This past week we were bombarded with connectable dot after connectable dot, nearly each and every one of them on their own would have caused a panic 30 years ago. I say “30 years ago” because this was before the 1987 crash, this was before anything and everything, nailed down or not …was levered many times over in what eventually became an inflation party. 30 years ago, black was not white, wrong was not right and “debt” was still in its infancy of being money. Fast forward to present day and we now have a monetary system with one foot on a banana peel and the other in a grave!

    Let me list what I saw this past week as some very ugly dots to be connected, by no means is this list complete but I think you’ll get the point by the time you are done reading. Early in the week, China announced changes to their collateral rules for the credit quality necessary for corporate bonds to be accepted as collateral (now only AAA and AA bonds can now be used). This caused a 5.6% drop the following day in their stock market which did ripple around the world to other stock markets. This is significant because without a doubt it was an act of tightening credit and will directly decrease the liquidity available for the Chinese exchange. This is not a one day event as CNBC would lead you to believe.

    Next, oil has outright crashed in price and finished the week under the recently unthinkable number of $60… and the repercussions have just started to be felt. The 130 year old firm Phibro announced they will be closing up shop while oil exporting currencies (including the ruble) were destroyed. There had been discussion over the last several weeks regarding the future of the shale industry, this discussion is now ended in that no one can say “this will blow over” any longer. $100′s of billions of extended credit is now impaired and this credit market has crashed to yields now over 10%. The crash in oil all by itself is enough to ruin the financial system but by no means was alone this past week.

    The next dot to connect was the spending package passed by Congress. As Zerohedge reported Presenting the $303 Trillion in Derivatives That US Taxpayers Are Now on the Hook For, the U.S. public was sold down the river. Just a month after the Republicans won both houses of Congress, they have now allowed the banks to stuff their derivatives portfolios under the FDIC umbrella. Over $300 trillion worth! Prior to this, the FDIC insured over $6 trillion worth of bank deposits with a whopping $54 billion reserve… How could any “true American” have voted for this? Even a calculator with no batteries can understand this will unequivocally bankrupt the country, yet this law is passed little over one month after an election by the American public put trust in the Republicans as their “last hope?” Was this passed by mistake or do you think they knew what they were doing? Was Obamacare passed by mistake? Comically, the architect of Obamacare testified to Congress after calling the American public stupid …a traitor testifying to traitors, they should all be strung up for TREASON! Whether you know it or not, Congress just called the American public foolish also by passing this traitorous law.

    More

    It seems to me that we are in a time when, if there is a small misstep in one of the main gears involved, ..... 'Babylon on fire',

    Where are the Neros?

    Naste.

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

    Quote Posted by naste.de.lumina (here)
    Coming from Miles Franklin's blog, we have a very good summary of several pieces of the puzzle and blatant manipulation.
    Quote One Foot on a Banana Peel …The Other in a Grave! It seems to me that we are in a time when, if there is a small misstep in one of the main gears involved, ..... 'Babylon on fire',
    Quote Posted by naste.de.lumina (here)
    Where are the Neros?

    Naste.
    That's one hell of a lineup for one week...

    The ruble collapsing by 10 percent against the U.S. dollar Monday, the Russian currency has now fallen 49.3 percent against the dollar since January, cover the derivatives bubble with the hard workers savings and pensions, drive the price of oil down below where the highly leveraged shale producers cannot survive, write another blank check for the US debt generator, put "brakes" at the COMEX if metals move too fast on any given day, while the BRICS are accelerating their move away from SWIFT, and the Chicago Fed is filling in their first floor windows with bricks?

    I repeat, that's one hell of a week.
    Last edited by gripreaper; 16th December 2014 at 03:28.
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    The Russian Central Bank raised its benchmark rate from 10.5% to 17% in one fell swoop after US markets closed.

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

    Quote Posted by mgray (here)
    The Russian Central Bank raised its benchmark rate from 10.5% to 17% in one fell swoop after US markets closed.
    tomorrow will be interesting.
    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by TargeT (here)
    Quote Posted by mgray (here)
    The Russian Central Bank raised its benchmark rate from 10.5% to 17% in one fell swoop after US markets closed.
    tomorrow will be interesting.
    The Saudi's are saying they are okay to 40 a barrel for oil. Zerohedge is saying they are following the same playbook from 1985 where oil price fell 69% in four months.

    http://www.zerohedge.com/news/2014-1...-1985-playbook
    Last edited by gripreaper; 16th December 2014 at 03:46.
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Via way of Zerohedge, Russell Napier, one of the great bear market analysts and historians of our time, writes in his latest ‘The Solid Ground’ piece:

    ===========
    In 1919-1921, 1929-1932, 2000-2003, 2007-2009 it was not a resurgence in wages, Fed-controlled interest rates or corporate taxes which produced a collapse in corporate profits and a bear market in equities.

    On those four occasions equity investors suffered losses of 32%, 85%, 41% and 51% respectively despite the continued dormancy of labour, creditors and the state. It was deflation, or the fear of deflation, which cost equity investors so much. There is a simple reason why deflation has always been so damaging to corporate profits and equity valuations: it brings a credit crisis.

    Investors forget at their peril what can happen to the credit system in a highly leveraged world when cash-flows, whether of the corporate, the household or the state variety, decline. In a deflationary world credit is much more difficult to access, economic activity slows and often one very large institution or country fails and creates a systemic risk to the whole system.

    The collapse in commodity prices and Emerging Market currencies in conjunction with the general rise of the US$ suggests another credit crisis cannot be far away. With nominal interest rates already so low, monetary remedies to a credit seizure today would be much less effective. Such a shock, after five and a half years of QE, might suggest that the patient does not respond to this type of medicine
    ===========

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

    If you found the brief excerpt of Russell Napier in the previous post interesting, here's a longer interview with him, in which he goes over his expectations for a stronger US Dollar forcing some nation that borrows in Dollars, not its own currency, to fail. Presently, the weakest such borrowers are Turkey and in eastern Europe.

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

    Quote Posted by TargeT (here)
    Quote Posted by mgray (here)
    The Russian Central Bank raised its benchmark rate from 10.5% to 17% in one fell swoop after US markets closed.
    tomorrow will be interesting.
    Quote Turmoil Spreads: Ruble Replunges, Crude Craters, Yen Surges, Emerging Markets Tumbling
    For those wondering if the CBR's intervention in the Russian FX market with its shocking emergency rate hike to 17% overnight calmed things, the answer is yes... for about two minutes. The USDRUB indeed tumbled nearly 10% to 59 and then promptly blew right back out, the Ruble crashing in panic selling and seemingly without any CBR market interventions, and at last check was freefalling through 72 74 76, and sending the Russian stock market plummeting by over 15%.

    It is so bad, US equity futures which had jumped earlier on hopes of more Chinese intervention following the latest disastrous Chinese PMI print, as well as a French manufacturing PMI beat (don't laugh), are back to unchanged.

    The latest rout continues to be driven by the relentless plunge in Brent which also continued crashing overnight to fresh 5 year lows, sliding decidedly under $60 as WTI dropped well under $55 as well. And as we previewed over a month ago, it is not just Russia, but every single petroleum exporting country that is suddenly seeing a currency crisis, and spreading to all EMs with the Indian Rupee weakening the most since 2013, Indonesia lowering the Rupiah's reference rate by the most on record, and so on. Ironically, this happens as the USDJPY is also crashing and dropping moments ago to 116.25, the lowest level since mid-November. At this rate the Fed will have no choice but to intervene, however in the opposite direction, and admit that despite all its best intentions, the US can not decouple from the rest of the world and a rate hike - so very priced in by everyone - is just no going to happen in the coming years (which sadly means that the latest subprime debt driven "recovery" is about to be called off).

    A quick look at the oil market where Brent drops for 5th day, falls below $60 for 1st time since July 7, 2009 as the market continues to look for signs that falling prices is crimping production. WTI breaks below $55, drops to lowest since May 6, 2009. "The race to the bottom continues, we are still not seeing any signs of supply disruption,” says Saxo Bank head of commodity strategy Ole Hansen. “There is very big negative momentum in the mkt and the fact people are starting to talk about breakeven levels of $35-$40 has put up a new red flag for mkts to aim at.... Jan. WTI options expire today and there is quite a lot of open interest ~$55 put strikes, that is probably the key level of potential support today.”

    ......
    Lots more summary info here:
    http://www.zerohedge.com/news/2014-1...rkets-tumbling
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Anything that matters is scripted.


    How many decades ago was this planned???


    World economic collapse and world war (ebola seems to be lagging as the worldwide pandemic was part of the plan).


    World on their knees begging for the NWO to save them ...


    Bluebeam ... save us from those nasty aliens!!!


    Well ... let's break it down a bit shall we???


    Oil prices ... SA and OPEC able to collapse the two most powerful nations on the world by keeping their pumps open???


    Please ...


    You really think natural market forces could bring down oil prices that much???


    Hey ... what a coincidence ... written into the latest USA budget has yet another banker bailout covering any banking derivative losses (massive with the plunge in oil prices).


    Hey ... this time the Congress Critters give the green light to take your pensions and loot your savings and checking accounts.


    Hmmm ...


    Any wonder why the Chicago Federal Reserve is covering all ground level windows with bricks???


    Hmmm???


    Any wonder why they have been sending out "prepper packages" to bank managers???


    Hello????


    Oh yes ... about those several days of planeloads of US high tech military hardware into the Ukraine (never mind there is no way for them to pay for it ...) ...


    ... do the math peeps ...


    (sorry for the rant ...)

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

    Quote Posted by Calz (here)
    Anything that matters is scripted.


    How many decades ago was this planned???
    I think this is understood, we are simply documenting... the "reported" timeline doesn't call for a collapse now (and I don't think this is anything more than a (possibly major) blow to the system).
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    If you like his style (it's one of a kind), Darryl Robert Schoon has an excellent overview of the history and functioning of debt based fiat money in our civilization:

    Listening to it, it occurred to me (not something Schoon said himself) that essentially what the Banksters did, when they formed the Bank of England in 1694, was to monetize and militarize the increased productive capacity of the forthcoming Industrial Revolution.

    The Industrial Revolution began in England in the mid 1700's, with improvements in textile manufacturing. It raised the productive capacity of a population above the level needed to sustain that population.

    The Bankster revolution depended on the charter of central banks, starting with the Bank of England, to lend money into existence. They would lend money to nations, starting with England, to fund wars to conquer other nations and expand the control of the Banksters over the world, and they would lend money to the up and coming Industrialists, to fund their increasingly expensive manufacturing capacity.

    Thus the Bankster revolution came to rule the world.

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

    Back to a more "conventional" author (at least for this thread), JC Collins sees in the recent financial turmoil the beginnings of the turmoil that he has been describing in anticipation for the last year, that will result in converting a US Dollar based world currency structure to an IMF/SDR based structure.

    JC Collins' latest post, The SDR Purpose of BRICS begins with these words:

    ==============
    Global markets are showing increasing signs of instability and there are serious concerns about risks to international liquidity building across the spectrum. Exchange rate volatility is deepening with the Russian ruble leading the way and the systemic contagion is spreading around the world, from European and Western banks to stock market crashes in the Middle East.

    Oil continues its descent into the $30 to $40 dollar range with a strategically timed announcement by OPEC today, at the peak of the turmoil, stating it will not meet again until June, 2015, ensuring continued instability and lack of confidence in the energy markets.

    Trading between the ruble and USD has been halted almost at the same time as Russia’s alternative to the SWIFT system came on line.

    Since the beginning of the year we have rehearsed these moments in our minds, not sure if they would happen as we had been discussing, and hoping that they wouldn’t, but knowing full well that the amount of preparation and strategy which has gone into the transition of the international monetary system, from a unipolar structure to a multilateral structure, would eventually materialize in the real world as the Hegelian Dialectic machinations which we are witnessing now.

    A look through the headlines on such sites as Zero Hedge will quickly give the reader a birds eye view of the destruction that is now taking place in the international financial system. Much of it is exactly what we have been expecting as a part of the problem, reaction, solution dynamic which will engineer and implement the multilateral financial system.

    It was always expected that the transition would require some level of crash or instability.
    ==============

    JC Collins' post ends with these words:

    ==============
    We are only at the beginning of this transition and expect to see even deeper instability wash upon North American shores in the coming days and weeks. The obvious “event” will be China stepping away from the USD. But how that will coordinate with the substitution accounts and issuance of SDR bonds through the BRICS group is not discernible at this time. It can be expected that SDR bonds will not be issued until the basket composition is changed and the 2010 IMF Reforms, being Plan B, are fully implemented. Plan A, which would have lead to a more constructive transition required the US Congress to pass legislation supporting the 2010 Reforms, which it hasn’t. Let’s hope that the Plan B process doesn’t take until next July. Perhaps an emergency session is in order for the New Year.
    ==============

    Comparing Schoon's video, posted above, and this work of JC Collins, there is a clear difference between them in view, or at least in the time scale over which they are working.

    JC Collins is focused mostly on events of the few years past and upcoming, as the basis for our debt-based monetary system transitions from one currency to the next.

    Schoon is working on a larger scale, anticipating the end of the debt-based money system which has grown from the Bank of England's charter in 1694, to span the globe now. As Schoon readily states, he does not know what comes after our civilization's debt-based monetary system fails, but fail it will, for it is essentially flawed.

    Debt-based monetary systems are a cancer that can only survive so long as they continue to expand. That is the fundamental nature of debt-based monetary systems, constantly exchanging what goods and services can be had today, for title to or a lien on an even larger amount in the future. They feed on, existentially require, profligate waste, planetary and civilization destruction, and ever increasing military, intelligence and police powers.

    That which cannot expand forever ... won't.
    Last edited by Paul; 17th December 2014 at 11:36.

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

    And rounding out today's triple header, one of my favorite up and coming analysts, Brandon Smith of alt-market.com.

    In his post today, IMF Now Ready To Slam The Door On The U.S. And The Dollar, Brandon goes over what he sees happening now, as financial turmoil increases, and over 2015, as the Banksters who are ultimately behind and in control of all the world's central banks and of the IMF, pull the plug on the US Dollar, remove the US veto position in the IMF, add various BRICS nations to key IMF roles and elevate their currencies into larger proportions of the SDR basket.

    The next SDR conference (they are only held once every five years) has been set for October 2015, at which time these structural changes will likely become official. We will see "a hailstorm of geopolitical crises over the next year to provide cover for the shift away from the dollar."

    The Dollar will die, losing its role as the world's reserve currency. The IMF will (by JC Collins analysis) provide "substitution accounts" by which large holders of US Treasuries can exchange them for SDR denominated bonds. International trade and debt will shift to being denominated predominantly in SDR's, not Dollars.

    Brandon's article is a good straight forward read, his thinking clear and his insights solid. I recommend his article, link above, to your reading pleasure.

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

    following the geopolitical script ...

    CrossTalk: Dumping the Dollar

    "The greenback vs the rising red back: China and other economies in the emerging world are intent to free themselves from the strangle hold of the US dollar. Is it only a matter of time before the Chinese currency seriously challenges the dollar? And what about America's incredible debts? CrossTalking with Liam Halligan, Alasdair Macleod and Ann Lee."

    * throw a monkey wrench in the works

    Published on Dec 17, 2014


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  30. Link to Post #136
    United States Avalon Member gripreaper's Avatar
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Bankers manifesto...

    Create credit out of thin air and loan it out as debt with interest. Do NOT print the interest which is needed to service the debt, thereby forcing more exponential expansion of debt. Foment wars and divisiveness through religious and political dogma to force massive debt upon nations and governments, imperialize all the nations natural resources as collateral, and enslave the populations into abject poverty.

    Once everyone is in such massive debt that there are no more borrowers who can increase the debt pyramid, begin to shrink the money supply, put pressure on capital and assets, force defaults and bankruptcies, and call in loans. Continue shrinking the money supply until all peoples of the planet are broke, poor, and are forced into forfeiting everything they have to the banksters.

    Rinse and repeat as often as necessary to make sure every ounce of capital, assets, natural and human resources are subjugated and consolidated into the hands of the few elite banksters power and control .
    Last edited by gripreaper; 18th December 2014 at 04:45.
    "Lay Down Your Truth and Check Your Weapons
    The Next Voice You Hear Will Be Your OWN"
    https://www.youtube.com/watch?v=IhS69C1tr0w

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    United States Avalon Member Calz's Avatar
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by gripreaper (here)

    Rinse and repeat as often as necessary to make sure every ounce of capital, assets, natural and human resources are subjugated and consolidated into the hands of the few elite banksters power and control .

    Banksters have been ousted on occasion in the past (pitchforks come to mind).

    I guess the question we should be asking ourselves is why do we (as humanity on the whole) continue to fall for this again and again???


    One would think with the advent of the internet and so much information out there to alert us to this possibility it would be easier than ever to avoid???



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    United States Avalon Member gripreaper's Avatar
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    Default Re: Global Currency Reset (SDR's and the New Bretton Woods; by JC Collins)

    Quote Posted by Calz (here)
    I guess the question we should be asking ourselves is why do we (as humanity on the whole) continue to fall for this again and again??? One would think with the advent of the internet and so much information out there to alert us to this possibility it would be easier than ever to avoid???
    Calz, it does appear that most are complacent or just ignorant of the facts, yet those who have accumulated what they would consider wealth, are aware and could actually change things, do not want to alter the system from the way it is, but continue to support it. Catherine Austin Fitts explains this phenomenon quite well. Listen to any one of her great interviews.

    Especially here in America, about the only product we still produce is war and war machinery. If the upper middle class and the uber wealthy do not continue to support the military industrial complex and the imperialization of the third world, then they would lose their 401K's, their stock portfolio's, their big beautiful houses with their in ground swimming pools, their luxury automobiles and their private jets, private school for the kids, and their country club memberships.

    Now, who would want that?
    "Lay Down Your Truth and Check Your Weapons
    The Next Voice You Hear Will Be Your OWN"
    https://www.youtube.com/watch?v=IhS69C1tr0w

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

    Quote Posted by gripreaper (here)
    Create credit out of thin air and loan it out as debt with interest. Do NOT print the interest which is needed to service the debt, thereby forcing more exponential expansion of debt.
    That's the usual explanation, yes.

    However, as I've explained in posts above, I think that explanation is partially deceptive.

    One could extinguish the excess debt by inflating the money supply, or even by increasing the "velocity" of money.

    There is a famous example where several people in a small town owe each other $100, and a visitor comes to town, momentarily putting down $100 on a hotel room, which $100 then quickly exchanges hands several times, paying off each debt, before returning to the hotel desk, where the visitor gets a refund and leaves town, having decided not to stay there that night anyway. All of that debt was extinguished by a brief spike in money velocity in that small town.

    As I said, the problem is not in the supply or velocity of money. Rather, the problem is in the unending, exponentially increasing, promise of future goods and services in excess of what is presently available, and in the accumulation of sufficient force to collect on those promises.

    One borrows enough for one car, house or refrigerator, and in turn promises to pay back enough for two or three such, or else the sheriff shows up to take that and more. This works against individuals, corporations and nations. This works for all promises to pay back more in the future than is paid out in the present. It works for insurance, social and medical benefits, retirement plans, investment schemes, bank deposits, and ordinary loans.

    The primary lenders can always escalate force beyond whatever the debtor can counter.

    It is fundamentally a scheme for the forced enslavement of humanity and the confiscation of all they own and the land their ancestors settled on.

    It has more or less worked for the last 320 years, since the Bank of England was chartered in 1694, because the wealth producing capacity of our civilization has grown exponentially in these last three centuries, and because the realm of central banks under the control of the great money lenders has expanded from the island of England to the entire civilized world.

    Unfortunately, we are running out of potential debtors -- we might find some resources on Mars or the asteroids, but so far as I know, there are no potential customers for earthling bankers out there. We might also be pushing the resource limits of the air, water, arable land, and mineral and energy resources of this planet too far, though it's hard to know just how close we are to hitting the limits here (until we've gone "too" far ...).

    Central banking issuance of debt-backed money is not fundamentally limited by any limits on money supply or velocity that might be exceeded by compound interest.

    Rather it is limited, like a cancer on the body, by the upper limits on the ability of an increasingly unhealthy body to meet the demands of a destructive and unproductive cancer that must keep growing ... or die.

    When I was a child in a poor farming community, my parents, and my ancestors for generations, had "accumulated capital" by investing their labor into improving their land, their herds and flocks, their buildings, their tools, their clothing, their children, and their communities. Now we "accumulate capital" by working to get money to "pay the bills and taxes", most of which goes to pay interest on personal, corporate and government debt, and to governments and pension funds and insurance companies who promise us future payouts and benefits, and to banks and investment funds, who promise us profit on our savings.

    Ultimately (as in about now) we will no longer be able to deliver on the promises of the past to deliver more goods and services in the future, and the Banksters will once again use their superior force and control of media, governments, courts, military, police, the Internet, and anything else of substantial size or influence to confiscate even more of our labor, property and resources.

    It's all about superior force leveraging the essential impossibility of forever increasing production of goods, services and resources to further enslave humanity and control this planet.

    The printing press is not the limit. The planet and humanity are the limit. One or the other of them will eventually kill this cancer. You and I might not survive the final battle.

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

    The fundamental problem of all the well funded conservation and green programs that warn of collapse of the world's ecosystems if we don't reduce our "footprint" is that they blame humanity. The problem with all austerity programs that require that the borrower live on less in order to pay off excess debt is that they blame the borrower.

    This is like telling an advanced stage cancer victim, emaciated because their body no longer functions well enough to keep them nourished and feed the cancer too, that the problem is that their body consumes too much food.

    No, the problem is the cancer. The problem is the increased domination of human civilization by a debt-based monetary system under the control of a few, very powerful, beings (human or not ... I don't know.)

    All such cancers, which have as an essential part of their genetic makeup the requirement to keep growing or die, eventually kill their host.

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