BIS: The Most Powerful Bank In World Announces Crash [Archive]

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Prodigal Son

19th September 2013, 20:33

http://beforeitsnews.com/economics-and-politics/2013/09/largest-bank-in-world-announces-crash-2456544.html?utm_campaign=&utm_content=awesm-publisher&utm_medium=facebook-share&utm_term=http%3A%2F%2Fb4in.info%2FpIMU&utm_source=http%3A%2F%2Fwww.facebook.com%2Fl.php%3Fu%3Dhttp%253A%252F%252Fb4in.info%252FpIMU%26h%3Dn AQFoQvXj%26enc%3DAZMz3FDiKpvsd-EvS4hHlSkGO-E-bmcOyNl7W8urtV_l39Xzw9i4LfZkIDOTHCMMK7zEP1fm_6QGBvaW170RVcj2HFXejgqovORZfADW6SmMNTSKm0Gn1Kkrg2FIakL8 FXcokz8d5gOAiozPheYopp4R%26s%3D1

The Bank for International Settlements, the most powerful bank in the entire world, has just announced ‘the crash’ according to this story below translated below from Germany. Is this why the US Federal Reserve has just decided on QE infinity? We appear to have reached a new era in the collapse of the US economy and our country, they aren’t even going to try to hide nor stop this any more. The crash has been announced by BIS.

http://beforeitsnews.com/contributor/upload/5385/images/bis.jpg

Sabrina

19th September 2013, 20:53

We seem to have so many of these 'close calls' in the last year or so. Personally, the old dysfunctional money system can crash as far as I'm concerned, to be replaced by a better energy exchange system. It's all an illusion at the moment held together by sticky tape. If everyone has nothing - there's no competition - we're all one! Am staying out of the 'fear' as that's control... :)...

GoodETxSG

19th September 2013, 21:51

Bubu

19th September 2013, 22:08

Am staying out of the 'fear' as that's control... :)...

It works by preventing us to connect to inner/higher self

treeman

19th September 2013, 22:41

The Cabal is a evil, mortally wounded and cornered beast right now... It has failed to start its coveted WWIII on a few occasions and now a major crash which in one sense would kill their FIAT $$$ but in another allow them to roll out their private military infrastructure.

That would then possibly give them the leverage to start their blood lust world war and then rule over the survivors per their doctrine.

But someone or THING has prevented their plans from succeeding at every single opportunity AND they are damned frustrated!

Now, they see power over many nations (G30 then G20, G8...G5...G?) slipping away and REAL competitors like BRICS and Asian families rising up and organizing to try to bring about a "Soft" collapse of the empty FIAT $$$ and fake economy to replace it with something real.

We do live in a time of times, it used to be a curse "May you live in interesting times"... Well, we are all living under that curse!

Will we see the end of Financial Tyranny?

Will we see the promised "Mass Arrests"?

Will we see disclosure unfold on TV/Internet/Radio? of;
- suppressed technologies (5,000+ Patents)
- suppressed truth of crimes against humanity
- suppressed truth of life beyond our tiny sphere of existence
- suppressed truth of OUR TRUE NATURE/Existence

I don't know. We have come close several times and the Cabal has come back from the brink of defeat.

If the answer is YES... Strap in, it is going to be a hell of a ride, and those of us "IN THE KNOW" or on the path and have made the journey for a while are going to be ahead of the game.

WE are going to need to be calm, cool, and humble. NO "I TOLD YOU SO's"... but loving and willing to help and guide all of the shocked, angry and bewildered people who are blind sided with the details of the crimes of the Cabal.

That is if the answer is YES and we are set FREE and on our way to a higher vibration...

If the answer to the above questions is NO? Well not much to ponder there... Either way we should know soon enough as all of the people I know that are still involved are doing battle as we sit here and postulate and speculate and basically do nothing. There is a WWIII well underway. It is a shadow war, one that "we the people" will only know about when it is over it seems.

As always, IMHO...

I try to keep my FB site up to date w/the latest as I can... https://www.facebook.com/BankAndPoliticianFinancialCorruption

Thank you for your post, GoodeTXSG, may I ask and can you clarify the last paragraph, so that I´m reading from the same page.

"If the answer to the above questions is NO? Well not much to ponder there... Either way we should know soon enough as all of the people I know that are still involved are doing battle as we sit here and postulate and speculate and basically do nothing. There is a WWIII well underway. It is a shadow war, one that "we the people" will only know about when it is over it seems."

1. Your last paragraph, "The above question" is possibly, "We have come close several times and the Cabal has come back from the brink of defeat?"

2. Who would release this information, "Will we see disclosure unfold on TV/Internet/Radio?" Big powerbrokers?

3. Do you see grassroots/ groundcrew/ playing a role in a situation where only leading powers are delivering the script?
Either way we should know soon enough as all of the people I know that are still involved are doing battle as we sit here and postulate and speculate and basically do nothing.

I feel that the transition/ paradigm/ shift needs to be fluid, natural and just.

Cheers

Positive Vibe Merchant

19th September 2013, 23:10

this is just more of a reason to turn inward, i.e locally for our good and services. think local community. it will be up to each of us to hold our communities together, not the corpratocracy.

ThePythonicCow

20th September 2013, 00:21

It looks to me that the dominant power structures of recent times, including the American petro-dollar and military, the Vatican, and the Anglo-American empire financed from The City in London ... these are being "restructured."

The question is whether the forces behind that restructuring are beneficial to humanity. I don't share Sabrina's optimism ... sorry :).

From where I sit, it's the same forces behind this restructuring as have been behind the major themes of human history for tens of thousands of years (at least.) Forces behind Sumeria, Babylon, ancient Egypt, Greece, Rome, and whatever happened (sorry, I don't know Oriental history) in India and China in ancient times.

I expect that we are in for (yet another) reset of the monetary system, away from the petro-dollar as the world's reserve currency, and that the American military over-reach will recede. I expect that America will have to rebuild its own domestic production, both for its own consumption and also so that it has something to trade (other than threats of bombings, terrorism, intrigue and IMF imposed austerity) with other nations. The promises to Americans of a middle class life style on borrowed money, with the world's most expensive medical care and finest pensions for all, will evaporate. The too big to fail banks in Europe and the US will fail.

The new monetary system is being constructed now, by the BRICS nations ... using gold, silver and commodities for the apparent basis ... but not gold and silver that is held in the hands of the common person. Rather those occult leaders, the hidden hands, who have been exerting more than their fair share of influence on human history for eons, are still there, and they still control a dominant portion of the mining, distribution and hoarding of the world's gold and silver.

Common humanity is getting more involved in events thanks to the Internet, as happened in Europe with the wide spread printing of books a few centuries ago. But writing Blair, Bush, Obama, Blankenfein (Goldman Sachs), Dimon (JPMorgan), a Pope or two and sordid other characters out of the history books, or rewriting them as evil characters, as has happened Hitler, Stalin, Lenin, Mao(?), and countless others, will not mean the end of difficult times on this planet. It just means a new chapter.

For now, the overreach of the US Dollar, of globalism (reliance on world trade for daily sustinance), of the US Military, and of Banking in the Western economies, will all recede. Part of the usual ebb and flow, and the natural lifespan of any major empire has been reached by America.

But I do not expect (pessimist that I am ) that this will mean that the average person will have essential control over their own food, energy, money or information. Humanity remains in some essential way imprisoned ... they are just moving us to a new prison cell. The unaverage person, as in prison, will find that they do have much control over their destiny, once they become aware of the hidden opportunities.

Nanoo Nanoo

20th September 2013, 00:39

Excellent !

its tinme for a change , im so bored with the stalemate .. we need action and i welcom it with open arms,

Banks crash ! Greed Crash ! reset the world , let it be and it was good.

Amen !

Naniu

Ultima Thule

20th September 2013, 04:49

This BIS-announcement is interesting when you think of Neil Keenans update where he comes forward with the so called black book and maklumat among others.

At least one of the following two come to mind:
1. BIS actually is in this process in response to what Neil et al are trying to accomplish, which is beneficial and good.
2. BIS will be tried to crash to get rid of the facades of the organizations where the crimes have been committed so that the law suits could not get furthered. New players would emerge and say "we don´t know anything that happened prior". In essence making a big money laundry operation out of crashing the BIS?

UT

Sabrina

20th September 2013, 06:02

http://goldenageofgaia.com/the-globa...a-millionaire/

19 Sept

One view on it all... let's make everyone millionaires :) ... Sab.

Dave Schmidt: So … Who Wants to be a Millionaire?

So … Who Wants to be a Millionaire? With the Coming Global Currency Reset, Just About Anyone Can…..If They Want to!!! Here’s Some Practical Thoughts and Advice!

Steve Beckow has encouraged folks to purchase Vietnamese dong for the coming Currency Exchange (C/E). I hope I can add some information to help those who are not sure about getting involved or have some questions.

But first a little background on me. Many of you may remember me as the initial Director of The Hope Chest and the co-host on the “Let’s Talk 2012 and Beyond” radio program, and just last week I started a new radio program on Wednesday nights called “The Sedona Connection.”
(www.thesedonaconnection.com.)

But, I also have a background in banking and finance, was a former State Senator and have been a market trader for over 17 years. I now live in Sedona, AZ and I’m helping a group of about 50 of us that have purchased dinar and dong……we’re all about to become overnight millionaires and we are taking the prudent steps of being responsible with our new gift of wealth.

I’ve been writing, giving help, direction and practical application to the group now for about 5 months, so here’s extending it to a larger group with some practical Q&A. Many of you have friends or family you’d like to have participate in this C/E but they are not about to believe in a channeled message from an angel or a simple statement from Steve. They want some proof or practical reasoning about what is about to happen. This Q&A should help.
What is the Global Currency Reset or Revaluation?

While the Iraqi dinar has had most of the attention, there’s actually a complete global currency reset about to happen. About 198 currencies in the world are being reset backed by assets and commodities such as gold, silver, oil, wheat, rice, etc. Various economists and experts have said we must do this or the whole global financial system will collapse.

What is the Basis of This Currency Reset?
A few weeks back there was a You Tube video posted on the Golden Age of Gaia by Bix Weir mentioning the elimination of worldwide debt. The real basis of the interview was the coming currency collapse. All of the G8 countries (U.S, Canada, France, Great Britain, Germany, Italy, Russia, and Japan) have fiat currencies, meaning there is nothing backing them up but the good faith of the government. We know how good that has been; most of them are bankrupt.
The Federal Reserve in the U.S. can print money at will and put it into circulation at any time. They’ve been doing this by the trillions for the last few years, it’s obvious they think money can grow on trees as they can just print up whatever they want whenever they want. This normally causes a huge cycle of inflation, devaluing of currencies, and leads to a collapse.

Every fiat currency in the history of the modern world has eventually collapsed and all of the G8 countries are currently in debt beyond their ability to recover. They are all theoretically bankrupt beyond their ability to pay back their debt, meaning it’s only a matter of time before their currencies collapse. This printing of trillions is just kicking the can of collapse down the road.

Bix stated we are on track for this collapse in the next 2 to 4 months. The collapsing currency also eliminates all debt as money has become worthless. He stated we are on a path of two choices, currency collapse or a global currency reset backed by commodity assets. One is inevitable (the collapse) if we do not do the other (the reset).

Who’s Behind this Currency Reset?
The shadow governments controlled by the cabal/illuminati have manipulated the global finances of the modern world for a couple of centuries. They currently manipulate and control the stock market, price of gold and price of oil. They have deliberately kept about 60% of the world’s population living on less than $2 per day and the rest of the developed world in some form of economic slavery. The ultra-wealthy 1% has controlled the rest of the world’s population through the power of controlling the world’s money supply.

Their lust for power and control is about to all fall apart. A coalition of about 160 countries led by the BRICS nations (Brazil, Russia, India, China, South Africa) have formed a united front on the G8 and called their bluff of corruption and greed.

The G8 so weakened the world economy that it gave way for the 160-nation coalition to step up and call “check” in the world financial chess match. It’s game over; the coalition is demanding a return to asset-backed currencies to stabilize the world economy. The IMF (International Monetary Fund), World Bank and BIS (Bank of International Settlements) have quietly been working on this reset for 5 to 10 years.

Why are the Iraqi Dinar and Vietnamese Dong so Important?
There are three currencies that are way out of balance with the rest of the world; the Indonesian Rupiah is the third. While I’m not familiar with Vietnam’s full story, Iraq’s has been more center stage. Both of their currencies were devastated from their wars with the U.S. as their currencies can be purchased for 1/10th of pennies on the dollar. In 1990 when Saddam Hussein invaded Kuwait, the country was placed on economic sanctions by the U.N. They could not trade their goods on the open international market and their currency was taken off the foreign exchange. This is what is meant by U.N. Chapter 7 seven status.

On June 27th, the U.N. Security Council voted 15-0 to remove Iraq from chapter 7 and return them to chapter 6 status. They once again became a member of the international trading alliance, but to do so they must bring their currency back onto the foreign exchange market, meaning it must be revalued.
Today 1162 dinar will trade for $1 U.S. In 1990 before the sanctions .29 dinar would trade for $1. To reverse the trade value, in 1990, 1 dinar would trade for $3.47. Today approximately 21,100 Vietnamese dong will trade for $1 U.S. So you can see the huge imbalance. When the currency reset is backed by commodity assets those values will skyrocket and come back into balance with the rest of the world.

So Why Are the Dinar and Dong Going to be So Valuable?
Each country’s currency value will be based on the country’s tradable commodity assets. Not only does Iraq have the 2nd largest oil reserves in the world, but they have huge gold mines. Many are speculating that Iraq’s dinar could become the strongest currency in the world.
Their Prime Minister was recently quoted as saying, “We have billions and billions barrels of oil to trade, but we do not even have running water.” Their country has been devastated by war and they want to rebuild. They are hungry and anxious for this reset to happen and are willing to pay handsomely for it.

For Vietnam, it’s rice, the world’s largest food commodity. Vietnam is the 2nd largest rice producer in the world and they have offshore oil rigs. They have been selling their rice and oil to China who has kept their currency in suppression since the war. Based on an open and free market the value of their rice and oil will explode to be on par with the rest of the world.

So, What are the Exchange Rates of the Dinar and Dong going to be?
That’s the trillion dollar question!!! Some individuals have been working on this C/E for close to 10 years. For most of that time speculation had the dinar returning to its 1990 value of $3.47 and the dong around $.47. Based on talking with scores of people involved and reading the blog sites every day, I believe these are the minimum rates.

But, in the last month so much has changed. The key was the U.N. vote on June 27th to bring Iraq back into the global open market, when that happened everything changed. Since then the blog sites have been saying the reval could happen any day now. But, things do seem to change every week, let alone almost every day.

What most people don’t know is the U.S. government has trillions of dinars to exchange. They want the value to be high so they can pay off the U.S. debt and they have been negotiating behind the scenes to get the rate as high as possible.

Many insiders who have contacts in the IMF, U.S. Treasury, the Central Bank of Iraq, and some of the larger banks in the U.S. have been reporting the rates are already appearing on the back screens of the bank officers’ computers. This has been going on for over a month and the rates are reported to be very very high. While this is all speculation at this time, the intel appears to be reliable. Some feel those rates are just test rates and will not be accurate, while others are reporting those are the C/E rates for the private groups (I’ll explain that later.)

OK, OK…. So what are the Exchange Rates?
Speculation has the minimum rates of the dinar at $3.47 and the dong at $.47. The upper rates… I hope you’re sitting down … The dinar is at $23.50 and the dong at $3.60. Do the math; you’ll see why we can get excited!!!

100,000 dinar minimally will become $347,000 and 100,000 dong will become $47,000. At the high end 100,000 dinar will trade for $2,350,000 and 100,000 dong will become $360,000.

So……What are the Costs?
There are different options for purchasing the currencies. Because the dong is currently tradeable it can be purchased at a local bank. But, don’t expect to walk in and get the currency the same day. Most of the banks have to order it from larger HQ’s and it will take about 3 days before you will have it in hand.
As Steve mentioned, you can also go to a foreign exchange at a local airport. But, I wouldn’t count on that either. For security reasons they don’t keep large quantities on hand. The larger quantities you would likely have to get through a bank or through the online certified dealers.

You can purchase 100,000 dong for about $12-$14 at a bank. You can get the same for about $18-20 online. Dinar or dong can be purchased by certified online dealers. You can google them, but make sure they are certified and guarantee shipment. You can acquire 100,000 dinar for about $30-$40 online. Those are total costs which include the currency, the transaction fee, shipping and handling and a small profit for the dealer/broker. Most of the online dealers require a money wire and extra for Fed Ex shipping.

There’s one myself and our group of about 40 in Sedona have been using. We pay a few extra dollars per transaction, but we have all been very pleased with the level of service. One flat fee covers everything and we have the currency in hand in about three days from the time of order. They are also one of the very few who allow you to use a debit or credit card and they also have a 7 day guaranteed return policy, no questions asked.

Do the Math!!!
Here’s the bottom line, using the higher costs, $20 can buy you 100,000 dong that minimally turns into $47,000. $120 can buy you 100,000 dinar that minimally turns into $347,000. Rates vary based on volume purchased, but you get the idea!

So……What’s the Real Bottom Line, in Other Words, What About Taxes?
That’s another million dollar question. Tax implication is something we cannot overlook.

There are all kinds of speculation and rumors floating around on the blog sites regarding taxes. I’ve done my homework, but there is more to the story.
Before taxes, the dong is a better return on the dollar if the rates are higher across the board. But, reliable intel information is saying there may be a huge tax advantage in purchasing the dinar.

What is the Current Law Regarding Taxes? (that's from American point of view - Sab...)
I can only speak to U.S. law and do not have the time to do the hours of research for other countries. Rumors, rumors and more rumors are floating around about what the President or others are going to do about the taxes for the C/E.

My advice from someone who was a lawmaker (Senator) for 12 years; stick with the current law until you have solid proof otherwise. The U.S. Constitution is clear, only Congress can impose a tax. The law does not allow a tax to be implied retroactively, so the current law applies until something else is passed through Congress.

The current law considers an increase of value in a currency an investment and is taxed as a capital gain. Period!!!
IRS Publication 525, page 30, “Taxable and Non Taxable Income, any increase over $200 is considered a capital gain. Here’s the link to the publication to read it yourself: http://www.irs.gov/pub/irs-pdf/p525.pdf#page30.

So, What is the Capital Gains Tax Rate in the U.S.?
There are two rates for capital gains, short term and long term. Long term is having the asset in possession for more than one year. If you purchased your dinar or dong more than one year before you exchange it, it will be long term. Make sure to keep your receipts for your date of purchase. If you can’t prove your date of purchase it could be very very costly.

Anything less than one year is short term. But here’s the key, they date is not based on when the Reval takes place, but the day you exchange it. The capital gain is not considered a tax until it is realized, or turned in.

So What’s the Rates?
Short term is taxed as normal income. Those rates vary based on the amount of your taxable income. The top U.S. rate for 2013 is making over $450,000, most of us will qualify for those rates.
Short term top rate: 39.6%
Long term rate: 20.0%

Here’s the scoop, most U.S. citizens should plan on paying 40% to 45% of their reval earnings in taxes. Don’t forget your state taxes, those vary from state to state and are different based on capital gains state laws.

Why Could the Dinar be a Far Better Value After Taxes?
That’s another million dollar question, but first, the rest of the story. When I was first approached about purchasing dinar, I asked …….who’s going to pay the trillions of dollars for the increase in value of the RV. Answer…..China……how…..oil credits.

Iraq has billions of barrels of oil, China has billions of people and China has trillions of U.S. dollars from the decades of purchasing U.S. bonds. It cost Iraq $2 to produce a barrel of oil, while the current market is about $104 per barrel. Iraq wants to have as many of the dinar, now in our possession, in their country quickly. Here’s what’s supposed to be coming down, but remember it is all speculation until proven otherwise.

China is willing to pay the higher rate for the dinar from us, paid for by their trillions of U.S. bonds. They purchase the dinar in a private exchange and then use those dinars to purchase oil from Iraq at $30 per barrel vs. the open market of $104.

This produces a win-win-win scenario. We win by the higher dinar exchange rate, China wins by receiving billions of barrels of oil at a discounted rate and Iraq wins by quickly receiving their dinar back so they can rebuild their country.

Here’s the other tax implication, creating a great savings for us. This exchange could be considered a commodity exchange, not a capital gain and it could be considered tax free. Yes, that means we may be able to receive the full exchange value with no tax implications. The jury is still out on that decision as it is one of those gray areas in current tax law.

In that situation the President has leeway to decide how it can apply and has supposedly brokered a deal with China. As of now, the speculated deal has China paying an 11% tax on the dinar/oil exchange and we will pay nothing. He also was the one who supposedly was able to get the dinar rate up to around $23. The President wants the higher rate so the government’s dinar can be used to pay off the U.S. debt. Also, U.S. is China’s largest export partner. When millions of U.S. citizens have millions of new dollars to spend, China benefits from our purchasing their goods. It’s another win-win-win proposal.

Because this tax deal applies to the oil credits, it appears to only apply to the dinar and not the dong. While some are saying the tax free exchange may apply to the dong, there is very little intel backing that up.

Based on the inside intel, if this happens the dinar is by far a better return after taxes.

As a straight up purchase, and applying the 39.6% tax rate, and using the minimum exchange rates, the dong is a better value on the dollar spent.
But, the intel for the dinar is far more positive and the potential for exchanging them tax free gives them a better odds. The dinar can revalue without a global currency exchange while the dong is dependent upon it taking place. There is far more reliable intel on the dinar than the dong.

So, what should we do?
I can’t give you a direct answer, there is so much speculation on both sides and so many variables that we cannot accurately verify. But, here’s what I did. I made a number of purchases over a few months. Each time I would go into meditation and inquire from my higher self. I felt it was prudent to have dinar and dong, but leaned to the dong side. It depends on how much money you want to spend, what you can afford and what type of guidance you receive from within yourself.

How should I tell this to my friends?
There are two ways to look at this, the esoteric/metaphysical side with info from channeled angelic sources and the practical 3d world perspective.
I’ve tried to give you the more practical info so you can share this with friends and family who will not listen to a channeled angel source of info. In other words you can share this info with others without them thinking you’re crazy.

There I so much more info available on the esoteric side that gets me so excited about the higher rate, but, space is limited for now.
What do we do When It’s Time to Cash In?

There are reported to be three different exchange rates. 1. The street rate, what you get if you go to the bank teller window as an individual. 2. The ability to negotiate your own rate with a bank of your choice. 3. The private group rate.
What is the Private Group Rate Exchange?

It is reported the private group rate is going to be the best. In fact many are implying the street rate could be the lower $3.47 while the private rate may be as high as $23.50. But, this is still all speculation. Why? The China oil credit issue. The currency you exchange at a bank will go directly to Iraq and not to China. The private group exchange goes directly to China and they use it to purchase the discounted oil.

Can I be a Part of the Private Group Exchange? Yes!!!
All you have to do is sign up on the www.dinarrecaps.com blog site email list. This group now has over 130,000 people and it is the volume of the group that will get the higher private rate.

How Will I be Notified of the Group Exchange?
Wells Fargo bank is working as the independent broker for the group. You must be on the email list. When the RV happens they will send out an email to the list giving an #800. You will call that number, they will verify your email, you will give them your zip code and they will direct you to the closest private exchange center via you location. This will be a private exchange with Wells Fargo employees and will not be at a local bank branch for security reasons.

Do I have to Accept or Use Wells Fargo for this Exchange?

Nope, it’s totally your choice based on the three options listed above. But, if you get my drift, you would be crazy to not consider it and at least check it out. Why? You can take your dinar into a bank, receive the lower $3.47 and have to pay about 40% in taxes. Or you can take your dinar to the private exchange, receive upwards to $23 and potentially pay no taxes…..DUHHHHH…..NO BRAINER……unless you like paying high taxes, throwing your money away and making the bankers get richer. How? Those bankers who give you $3.47 are going to take that dinar and exchange it for the higher $23. They’re not stupid; they’re in the business of making money for their bank and bonuses for themselves!!!

When is this RV Going to Happen?
Any Day……Seriously…..it could be tomorrow! All the reports say it should have happened two to four weeks ago.
I have chosen to not give you any specific currency broker, etc. as I want to respect others choices. But, as stated all of us in our group of about 40 in Sedona have been very happy and comfortable with who we are using. We’ve been having meetings in a private home to support each other, learn from each other, and give info to each other.

We’re researching local CPA’s, tax attorneys and financial planners to use after we receive our money.

One night I gave a presentation to a group of about 15 people in my home. We talked taxes and other ways to be prudent with our new wealth. We’ve formed a foundation as a 501(C)3 non-profit that we are going to use for funding community projects.

I have all this in three short You Tube videos about 15-17 minutes each along with a power point presentation explaining the details. If you’d like to view these send me an email to daveschmidt@msn.com and I’ll send you the links.

So, Who Wants to Be a Millionaire?
You’re being given a once in a millennium opportunity to become an overnight millionaire!!!

What’s the risk? $20-$40…..shoot, I waste that much on a bad bottle of wine o

ThePythonicCow

20th September 2013, 06:02

The new monetary system is being constructed now, by the BRICS nations ... using gold, silver and commodities for the apparent basis ... but not gold and silver that is held in the hands of the common person.
Martin Armstrong (who may be one of the best analysts out there) has a different view, posted a few hours ago on his blog Gold & New Currency (http://armstrongeconomics.com/2013/09/19/gold-new-currency/):

====

QUESTION:

Martin,

On September 18th you wrote “That is until it is time for a new monetary system after all of these jokers are done trying to grab power.” What do you think the new monetary system will be based on. Many people claim that Russia and China will force the balance of international trade by a partially gold backed trade note. Some are claiming that Russia and China have more than 10 times the gold that they state they have. Some people also claim that the U.S. may devalue its currency in the U.S. but have a higher value for foreign holders outside the U.S. Your thoughts would be appreciated.

Thank You

JA

===

ANSWER: I can tell you I am in discussion behind the curtain on both sides of the Atlantic and have always had direct contacts in Asia and Russia. These stories make interesting discussion but they are total nonsense. In the real world of finance, any discussion of gold is laughed at as a backing. You cannot control the supply if it is gold for it is subject to new discoveries that will create inflation and the lack of new supplies with increases in population result in deflationary periods. That was William Jennings Bryan and his famous speech you shall not crucify mankind upon a cross of gold. The whole argument is a gold standard inhibited growth and created massive deflation – the 26 year Long Depression of the late 19th century. Gold does not provide for a stable monetary system and that is why Bretton Woods collapsed. Gold should remain as a private investment/hedge. Money cannot be fixed in value while everything else floats.

Any discussion behind the curtain is to move the monetary system toward electronic money. That is where they are headed on every continent. They see that as 100% accountable for tax purposes. Any new currency will be a unit of account internationally with each currency converted into that, not the system of the Euro. That is failing. Can you imagine every country with the right to print currency. Talk about open chaos.

The new currency will be electronic. This will be the RESERVE CURRENCY and that will not be used in each country to buy things. This will be up there with the SWIFT CODE system. You can buy gold if you like. The idea that money will be FIXED and backed by gold to make it tangible is a pipe-dream. Been there done that – such systems fail because there is a business cycle. Gold was money during the 19th century. The value of gold still rose and fell with discoveries. It did NOT provide anything tangible and stable.. Just look at the Inflation Index for that period.

Buy gold for personal reasons and as a hedge against government. If you want money to be tangible and of some constant value, then you will never see a raise, your house must remain the same price, and no investment becomes possible other than money.
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I marked in bold the key statement above - the new world reserve currency will be electronic, and will be "behind the scenes" (like SWIFT is now), not for daily use.

I'll wager that Martin is right.

sygh

20th September 2013, 06:53

sirdipswitch

20th September 2013, 16:55

Just keep the presses rolling, and have someone run out and get a nuther roll of sticky tape. Oh ya, and don't forget to have them pick up a nuther can of oil for the printing press. ccc.

TargeT

20th September 2013, 18:34

When is this RV Going to Happen?
Any Day……Seriously…..it could be tomorrow! All the reports say it should have happened two to four weeks ago.

for some reason this seems very un-likely to me; though it's an interesting situation & like you said.. what's 40 bucks here or there?

Conehead

20th September 2013, 18:48

Wells Fargo and Goldman also calling for collapse.

There are links in the main article for more on the sources.

BIS and now these two....?

Does this seem fishy to anyone else?

http://investmentwatchblog.com/stunning-us-recoveries-keep-getting-worse-and-worse-stock-market-collapse-called-by-wells-fargo/

Spike

21st September 2013, 19:20

dow dropped 185 points on friday

T Smith

22nd September 2013, 14:39

this is just more of a reason to turn inward, i.e locally for our good and services. think local community. it will be up to each of us to hold our communities together, not the corpratocracy.

Agreed. In preparation, a good thought experiment is to ask yourself: can my family and I survive on the goods and services provided locally? On what do we depend (for survival) that is imported or delivered and provided to us by a system that is slated to implode?

If you are dependent on any kind of medication (just because you have a corner drug store doesn't make it local) I would strongly suggest attempting some kind of regiment to wean yourself off whatever Pharma you're on and begin to administer a homeopathic remedy for whatever ails you, which can be produced or procured locally. (Medication is very dangerous so never attempt to wean yourself off anything Big Pharma has you hooked on without professional guidance).

Is there a clean water supply locally? Will your local area produce enough food and clean water to sustain the community? Can you survive your local climate without infrastructure and energy from the grid? Finally, is your local area populated above the means of the local area to sustain the population?, e.g. urban, suburban communities, etc.

If one reflects on these elementary questions you will come to the necessary planning to survive--or relocate, if necessary--the imminent collapse of the financial system.

rgray222

23rd September 2013, 00:22

As an international institution, it is not accountable to any single national government. As always, these organizations are ostensibly formed for the good of mankind. The original intent of the BIS was to facilitate reparations imposed on Germany by the Treaty of Versailles after World War I. Now that was almost 100 years ago and the BIS still operates as a central bankers bank.

This is how the elites get their hands on money and power, it is always done for the "good of mankind." They are trying desperately to gain control of the internet, and people will eventually agree to it under the auspices of preventing child porn or some other equally noble cause but in reality it will be about control of content and the control of money. That is why everyone should raise up and be heard, the internet can police itself, it does not need a middle man to gain control of content and become a revenue generating business for elites and governments.

It is extremely important that everyone understand that a limited government is much better than large government.