Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall. Rarely does anyone see the edge of the cliff or even the bottom of the abyss before it has swallowed a nation whole. This lack of foresight, however, is not entirely the fault of the public. It is, rather, a consequence caused by the manipulation of the fundamental information available to the public by governments and social gatekeepers.
In the years leading up to the Great Depression, numerous mainstream “experts” and politicians were quick to discount the idea of economic collapse, and most people were more than ready to believe them. Equities markets were, of course, the primary tool used to falsely elicit popular optimism. When markets rose, even in spite of other very negative fiscal indicators, the masses were satisfied. In this way, stock markets have become a kind of dopamine switch financial elites can push at any given time to juice the citizenry and distract them from the greater perils of their economic future. During every upswing of stocks, the elites argued that the “corner had been turned,” when in reality the crisis had just begun. Nothing has changed since the crash of 1929. Just look at some of these quotes and decide if the rhetoric sounds familiar today:
John Maynard Keynes in 1927: “We will not have any more crashes in our time.”
H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”
Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”
W. McNeel, market analyst, as quoted in the New York Herald Tribune, Oct. 30, 1929: “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”
Harvard Economic Society, Nov. 10, 1929: “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”
I hear nearly identical statements from pro-mainstream, pro-dollar skeptics all the time. And all of their assertions rest solely on the illusion of the Dow and the dollar index, not to mention statistics that are sourced from the very government that has much to gain by fooling the public into believing all is well.
In 2009, Paul Krugman, perhaps the worst and most famous economist of our age, lamented on the fact that no one in mainstream finance saw the derivatives and credit crash coming. Yet it is the same kinds of manipulative policies that Krugman champions that caused this collective ignorance in mainstream circles to begin with.
What the past proves, time and time again, is that establishment trained and educated economists are perhaps the most useless of all analysts. They are perpetually wrong. Only independent analysts have ever been able to predict anything of value as far as our economic future — not because they are psychic, but because they have the advantage of standing outside the foggy propaganda of brainwashed financial academia.
It also proves that the appearance of prosperity means nothing if the fundamentals do not support the optimism. That is to say, a bullish stock market, a high dollar index and a low unemployment percentage mean nothing if such stats are generated by false methods and fiat. The fundamentals ALWAYS matter. As we saw during the Great Depression, the markets cannot hide from reality forever.
I relate these points because the future I am about to suggest here might sound outlandish to some, because it is so contrary to the “official” accounting of our current financial world. It is important to remember that the mainstream, the majority, is almost always wrong and that the truth is very rarely accepted broadly until calamity has already fallen.
I outlined the hard facts behind the reality of economic downturn in my article “We Have Just Witnessed The Last Gasp Of The Global Economy.”
The bottom line is that the stock market, the greatest false indicator of all time, is on the verge of implosion; and the banking elites are positioning themselves to avoid blame for this implosion while the rest of us are being sold on the most elaborate recovery con-game ever conceived. But what is the purpose behind this con-game? Lies are generally only told by those who hope to gain something through deception. What do the elites hope to gain by creating a facade of recovery?
They have openly admitted to the public on numerous occasions EXACTLY what they want — namely, the institution of a truly global and centralized economic system revolving around a highly controlled world currency framework and dominated by a select cult of banking oligarchs. Anyone who claims that this is not the goal is either a liar or an uneducated fool.
I have covered the evidence supporting this program many times in the past, but it would seem with the precariously surreal nature of our world today that much needs repeating. In 1988, the financial magazine 'The Economist' published an article titled “Get ready for a world currency by 2018,” in which it outlined the framework for a global currency system called the “Phoenix” (a hypothetical title), administered by the International Monetary Fund by the year 2018, which would erase all national economic sovereignty and require governments to borrow from the world central banking authority, rather than print, in order to finance their infrastructure programs. This would mean total control by the IMF over member nations as they beg and plead for more capital under the global currency umbrella.
If this sounds familiar, it is because I have been warning about the IMF takeover of the global monetary system for at least six years. The Economist actually admits that the Phoenix system would start out in the format of the Special Drawing Rights basket currency:
The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power…
The plan is to introduce a basket currency system as an alternative to the dollar as world reserve, then slowly but surely phase out all sovereign currencies until the basket becomes a currency itself - the ONLY currency. Former World Bank Chief Economist Justin Yifu Lin seems to agree with this ideology, arguing that national currencies must be replaced with a supranational currency, and pointing out that no single currency has the strength to stand alone as world reserve:
"I think the dominance of the greenback is the root cause of global financial and economic crises...The solution to this is to replace the national currency with a global currency..."
I would mention that a "Phoenix" rises from the ashes of calamity reborn. What ashes are the elites expecting the new global currency to rise from?
It is important to note that 'The Economist' is not just any random financial publication; it is in large part owned by the Rothschild banking family and is based out of the London financial center, meaning, The Economist does not have to “guess” on the economic developments of the future; it has an inside track on exactly what is planned to occur.
You can see my more recent analysis on the IMF global currency scheme here.
A plan for global governance has also been touted by international elites over the years, the roots of which would supposedly begin around 2015. The Gorbachev Foundation, which boasts many American elites as members, has long predicted the rise of a global government. In 1995, the executive director of the foundation, Jim Garrison, had this to say to the San Francisco Weekly:
"Over the next 20 to 30 years, we are going to end up with world government. … It’s inevitable. It will happen and become just as normal to have a relationship with the rest of the world as we now have, say, if you are a Californian and you go to Vermont."
At the Gorbachev-led State of the World Forum in 1995, Council On Foreign Relations member Zbigniew Brzezinski had this to say:
“We do not have a New World Order. … We cannot leap into world government in one quick step. … In brief, the precondition for eventual globalization — genuine globalization — is progressive regionalization, because thereby we move toward larger, more stable, more cooperative units.”
Regionalization is already occurring as the BRIC nations form their own bilateral trade agreements and their own global bank, and this is by design. The catalyst to trigger the end of the dollar and the dominance of a global currency system, I believe, will be the false East/West paradigm. I have seen an incredible array of analytic interpretations of the macro-economy by multiple mainstream and independent financial writers, but very few of them recognize that the conflict between the West and the eastern BRICS is nothing more than a farce. I have compiled a considerable profile of evidence on the reality that governments like Russia and China are actually complicit in the formation of a global currency and global government controlled by the IMF. You can see that evidence here, here and here.
China in particular has loudly pronounced a need for a global currency system to replace the dollar, and they have suggested that this system be controlled by the IMF:
The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."
China is NOT anti-establishment or anti-new world order, nor is Russia. Eastern opposition to the NWO is a lie. Period. In fact, the BRICS have argued only for greater inclusion in the IMF system and have no intention of developing a legitimate alternative to “Western” globalization. If you do not understand that the BRICS are part of the NWO, not opposed to it, then you do not understand a thing.
With the BRICS on board with the plan for global currency, what is likely to happen over the course of the next few years if the schedule for an economic reset is on track for 2018?
As I outlined in my last article, the U.S. in particular has been prepped like a sacrificial lamb, with the populace for the most part oblivious to the extent of the threat. Middle-class wealth is being driven into bonds and will be driven more so by market declines, which will progress over the next few months. This “herding” of capital into bonds is only in preparation for the death of the dollar’s world reserve status, thus erasing what little savings were left among the common citizenry.
The ceremony initiating our nation’s fiscal destruction will likely take place in the near term. To achieve global centralization by 2018, the elites would need a serious crisis soon in order to provide the proper collective panic required to generate public consent for global economic governance in four years’ time.
The first, most important factor to consider is the fake conflict between the IMF and the U.S. Congress over the approval of IMF policy changes agreed upon in 2010. The U.S. has yet to officially sign off on the IMF policy measures that would bring more “inclusiveness” for developing nations like Russia and China, and this has led the IMF to assert that a move forward without the U.S. is necessary. IMF head Christine Lagarde is now demanding that Congress pass the reforms of 2010; but with the election of a predominantly Republican government, those reforms have little or no chance of being approved.
Lagarde recently joked that she would be willing to "belly dance" to get IMF reforms passed (I would pass them just to avoid the gut churning image of that belly dance), but the joke will ultimately be on the U.S. as IMF heads suggest that if the current Congress does not pass reforms by the end of this year, they will be forced to apply a "Plan B". The details of this Plan B are not public.
It is now highly likely that the IMF will set policy WITHOUT the input of the U.S., as they have warned they would, crippling the assumptions by many that the IMF is somehow a “U.S.-owned institution.” It is actually the reverse; the IMF is setting the stage for ownership of the U.S. monetary structure, along with the Bank Of International Settlements, which appears to be the capstone of the NWO system.
The next IMF meeting on SDR inclusion is not set, but will probably take place in early 2015. It is expected that China and the Yuan will be officially added to the SDR basket. Gold should also be watched carefully. There is a reason why the BRICS have been accumulating thousands of tons of the precious metal. The IMF introduction of gold into the SDR basket is inevitable, and a new Bretton Woods style-agreement has already been called for by a number of elites.
The IMF has been openly discussing the ascension of the SDR to replace the dollar as the world reserve currency since at least 2011.
With developing nations already asking for help from the IMF due to volatility caused by the Fed taper and the BRICS well into their own programs to remove the dollar as the world reserve, the only question left is: How will the banks be able to accomplish the currency reset without taking blame for the resulting catastrophe that will no doubt bury the majority of middle-class and poor?
There is no way around it. The elites need a geopolitical disaster so overwhelming that all economic changes taking place in the background go completely unnoticed. They also need to set themselves up as the prognosticators and rescuing heroes in the midst of the coming chaos, as outlined in my last article.
I do not know what that disaster will specifically look like, because there are too many possibilities to consider. Think about this honestly, 10 years ago, would you or your friends and family have ever thought that the U.S. would be at war in Syria with a terrorist organization we created ourselves out of thin air? That we would be immersed in renewed tensions and the possibility of economic warfare with Russia? That our presidency would have attempted and failed the initiation of socialized healthcare? That our military would be tapped as a possible response force for domestic unrest? That an outbreak of Ebola would be suggested as a trigger for medical martial law?
How many conspiracies have been exposed in just the past few years? How many government crimes have hit the headlines and then disappeared? Benghazi, Fast and Furious, IRS targeting of activists, government-aided illegal immigration, etc. — a nonstop parade of corruption that few would have thought possible a decade ago. We are being boiled slowly, economically as well as politically. We are being conditioned to accept imminent crisis as a way of daily life, to become used to it and to blame these crises on hundreds of various scapegoats, but never the international banks.
And while the Titanic sinks, the band plays on, as mainstream pundits and dupes accuse independent analysts of “crying wolf.” The economic endgame is not about collapse alone. Collapse is nothing more than a process that ends abruptly only when public faith is finally lost. The endgame is about acceptance — the acceptance by the masses of a “new normal” in which financial and political terror become the foundation of daily life. The endgame is, first and foremost, about the psyche of mankind and its mutation into something unrecognizable. This kind of pervasive conditioning requires immeasurable fear. Our economic philosophy of sovereign trade and identity cannot be erased without it. The elites have already given us their timeline. The crash of 2008 was only the beginning of the program, and 2014-2015 looks to be the next stage. I have written hundreds of articles on how to prepare and defuse the dangers of the impending reset, but the most important issue of all is that people understand the threat is at their doorstep. It’s not a few years off or a decade away; it’s here now. We are right in the middle of collapse, even if many cannot see it. Watch global developments carefully, as market volatility increases and international conflicts escalate. Time is up.
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written by PatFields , November 12, 2014
What if?
What if Peoples worldwide began unilaterally trading for goods in Troy ounce copper coin units and fractions thereof, interchangeably with silver on a 100:1 ratio. What if they unilaterally decided that those coppers were to have the same value as American banknote units?
How many tens of millions of small businesses could be privately funded on that monetary scheme? How many people could be provided gainful work under it? How many Metals Exchanges could replace the avaricious banks?
What if Peoples took their lives into their own hands?
written by ordinal bean counter , November 12, 2014
While our government seems dysfunctional, the JIT (Just In Time) economy still putters along. This system of commerce can only survive if Energy in the form of transportation fuel is available. Who makes sure the world's oil is available for consumption? The one item we all need to keep our current standard of living, is getting cheaper. The liquid gold, flows, because the US petro-dollar is in play. I suspect it will take a lot more than plans by the IMF to dislodge the petro - dollar. Look at the Euro, that currency experiment seems to be a failure. That failure proves that countries don't play well together under a single currency, unless they are all under the same power structure.
The US has an array of benefits that no other countries can claim.
We have natural resources in play (unlike Japan)
We are protected by oceans (unlike Europe)
We have on of the largest military on the planet, to ensure that global Commerce continues.
and, while we may not like our politics, they are nothing compared to other more corrupt versions (BRIC).
If you ever get a chance to talk to people who lived through the WWII, you will know that things can get a lot worse than they are now.
Once we see inflation in high gear, long lines at the pumps, riots in every city, and a serious economic downturn, then we might welcome the type of NWO the globalist families would like to impose.
Talk to your elders, listen to what they lived through, and realize that we still have a long arc to travel, before true chaos engulfs us.
written by Brandon Smith , November 12, 2014
@Original Bean Counter
None of those features of the U.S. economy are relevant. The ONLY feature that is relevant is the world reserve status of the dollar. Petro-status can be lost in the blink of an eye. England lost what was essentially petro-status in the 1950's as multiple nations began dumping their treasuries and forcing them out of Egypt. China and Russia have already established oil deals amongst themselves and OPEC nations. Oil is not the issue, the dollar is the issue, and the dollar can be destroyed as easily as any other fiat currency in history has been destroyed. Watch carefully as Saudi Arabia begins to shy away from the dollar in exchange for a multiple currency basket, and then you will see how fragile the U.S. really is.
written by Useless Eater , November 12, 2014
I first realized that BRICS was more of the same was when I read the minutes of one of their summits several years ago. They were absolutely in lock-step with the UN-approved Agenda 21.
All of this must be resisted and it can be done. All you must do is withdraw all consent from all governments. They can only own you if you consent to it. Even their law dictates this maxim.
written by agent , November 12, 2014
"it would help to achieve the objective of safeguarding global economic and financial stability."
This reminds me of investment banks that combine low grade mortgages into one bond which supposedly, magically, becomes AAA rated.
How does the combining of weak currencies inbo one currency help the situation?
Don Levit
written by NICK.VINCENT , November 12, 2014
Brandon:
See James Rickards, "The Death of Money," for confirmation of the entry of the Yuan into the IMF's SDR basket.
written by NICK.VINCENT , November 12, 2014
Brandon:
I think you will make more headway in your response to the Original Bean Counter if you illustrate the consequences of the demise of the "Petro-Pound" in the 1950's.
If the historical precedents do not exist, Brandon, please read on.
The petro-dollar, as I see it, has the unique aspect of the connection between the principal energy and feedstock material of so much of present civilization, viz., petroleum, and one nuclear-backed fiat currency. To stay warm, to move down the road, to fly, to grow food, and to build anything, one must have dollars to buy petroleum and its by-products. In contrast, gold is not an energy source nor so indispensable a material for present civilization [sic].
I submit that Peak Oil and declining energy return on energy invested (EROEI) in petroleum have been critical factors in the undoing of the dollar and the Yankee imperialist project. So long as petroleum production increased, the dollar was sound. When petroleum production dropped, first in the U.S. in 1970 and globally between 2005 and 2010, the dollar and the Yankee writ lost power. See Michael Ruppert's "Crossing the Rubicon" for a greater discussion.
The sane response is creation of alternative markets of local, mutualised concerns that include cooperatives and small-scale businesses to ward off central control and central collapse, a phenomenon manifest in the circle of water going down a drain.
written by Glennb6 , November 12, 2014
in mushing your line of logic together with JC's at philosiphyofmetrics blog and even M Armstrong's blog... this direction becomes rather clear.
also, the big 5 banksters would swap USTs for SDRs in a heartbeat if it were to their benefit, and sell all sorts of offshoot products thereof to the public.
do "they who control the money" want chaos and misery in the US or do they want us to continuing as a function entity?
as far as diversionary disasters, well, my bet will be that the greater the opposition to this planned transition, the larger and more real the diversions become. ie, 3000 dead on 911 was damn real albeit a diversion from the real motive (imho).
it's hard to fathom that the US will go quietly into the history books unless there are some huge carrots held up as a reward (or bait).
written by Charles Peden , November 12, 2014
Dear Brandon:
So it's you and J.C. Collins for the win. Over the last 10 years I have with great trepidation generally anticipated what you have articulated. Now, that this "Great Change" is upon us, I am a calm as a Hindu Brahman. I have made my preps and am prepared to live with them. Your honestly and insightfulness have been my ready friend while transversing an ignorant and deceitful world. Good luck my friend.
Charles Peden
written by Jellric , November 12, 2014
Brandon,
Nice work on another brilliant, well written piece. Your use of the phrase "sacrifical lamb" kind of made me wince a little. I've been using that term myself a lot lately in various contexts so it kind of hit home with me.
It actually hurts to see this happen to a once great country. The U.S. is like Gulliver's Travels -- a giant on the ground being slowly tied up by pygmies. And the thing that really hurts is that few seem to notice or care. It's hard to forgive the willful ignorance of Americans at this point in history. Our nation character has declined so severely over the last few decades. We have squandered our inheritance.
If you were to include a music video in this piece, "Ship of Fools" by World Party would be perfect. "I don't wanna sail with this ship of fools.." Or Leonard Cohen's "The Future".
I definitely feel the urgency and have stepped up my preparations significantly just in the last couple of weeks. I feel we are mere months away from the next seismic SHOCK..
written by MAN , November 12, 2014
I've kind of resigned myself to the eminent collapse of the U.S. and the world economy and the deliberate WWIII to coverup the NWO takeover.
Remember the amusing series Pinky and the Brain? Every day the Brain would wake up and tell Pinky that today we will takeover the world. The Brain was so inept that he could never get it done.
In their greed, the NWO will destroy civilizations and billions of people but they will claim nothing but a desolate toxic landscape.
written by Franz , November 12, 2014
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones."
- Albert Einstein
The end-game here has always been WWIII. Regardless of whether the trigger is a financial collapse, or if that is merely a symptom, nuclear war will be the event that forces people around the world to say, "We cannot afford to have nations warring against nations any longer... let's do away with nations altogether."
written by Guest , November 12, 2014
What happens to personal debt for any surviving such a collapse. Presuming that they don't Nuke us off the face of the planet. Thank you
written by Guest , November 12, 2014
Will silver still hold some place at the beggar's table, the poor man's gold? Or will it be a Gold only sort of reset? Thanks again!
written by Cato the Elder , November 12, 2014
Before I say anything else, I want to state that I both admire and like the author very much. I always read his commentary when I find it, because it is informative and often very well researched. Where I may occasionally disagree is with his conclusions.
The US$ is currently the most pervasive monetary instrument on the planet, by an enormous degree. This includes not merely the Treasury bond market and other bond markets (which are far greater than the US stock markets; they dwarf them), but currency and carry trade markets, and (the biggest kahuna of them all) derivatives of all of these. The US$ simply dwarfs any other currency on the planet in its overwhelming magnitude of saturation, and relative stability, for a fiat currency. It is the gigantic elephant in any financial room, which is why it is also the primary target.
Note, if you will, what has happened to the ruble of late: a 30% drop in a matter of months. The ruble is tied virtually exclusively to oil and gas; Russia produces little aside from fossil fuels, which is why they support the enemies of the Gulf states. The yuan is not highly fragrant either, because China's labor and production costs have skyrocketed lately, and they are no longer as competitve as they once were (despite the accords Obama signed off on this week, which will haunt us for a very long time). The Euro has been dropping like a stone, for obvious reasons. The Japanese Central Bank just played what may be its final devaluation card with the yen, before the entire place goes belly up.
Enter the "US Inevitability." This part is not tied to Manifest Destiny, but rather to past and probable future success. As long as the general public believes, and has a reason to believe in, the possibility of every U.S. citizen and legal immigrant to succeed materially within the law through application of hard work, savings, investment and reinvestment, and continuous education (or self-education), the US$ and this country will remain very hard to beat economically. I am aware that technically, the Chinese economy became #1 worldwide this year.
However, they have four times our population--and nobody is beating down their doors to immigrate to the PRC. The entire world is still doing this here.
The primary vulnerability, to my mind, remains the USD derivatives markets. They are so grossly overgrown vs.
underlying assets--massively more now than in 2008, when the failure of a relatively small player, Lehman, sparked the entire cascade--that any new failure could/would/will be utterly catastrophic.
The greed and moral failure of the various US administrations over the past 30 years have permitted this situation not merely to occur, but to persist and radically accumulate. When the derivatives bubble finally blows, and absent a miracle, blow it shall, it will take down the worldwide economy in a catastrophic cacophony of chaos, because all of these markets are interlinked, and utterly dependent on the almighty USD.
Then, and only then, I agree that we may well see this economic end game.
written by Steve B. , November 12, 2014
The pre-Christian Gnostics held that the earth was ruled by the Demiurge (identified with Jehovah/Yahweh of the O.T.) and a legion of Archons. Inasmuch as the blood-drinking pedophile satanists who run the world believe the same things, it makes one wonder. See the oeuvre of David Icke, who is nearly infallible on the sh*t show going down. Whatever the case, that the world is run from a 3-D (hyperdimensional?) domain (term borrowed from James Corbett's new show where he shows how China is very much part of the NWO), not from the mundane 2-D perspective of geopolitical choreography. It amazes me how few to this day don't get it and remain 2-D, even very smart guys like Jim Willie. You might also track down the story of Putin's vacation with the Prince of Monaco a few years' back, he being of the Venetian Black Nobility Grimaldi family, certainly denizens of the 3-D world. Putin is master geopolitical choreographer for sure. As it was and always shall be...?
Lindsey Williams was told by his globalist informer recently to watch for a rise in interest rates, the sign that the crash of the dollar and the financial system is about to occur. The intimation was a Sept-Oct 2015 time frame. So when investors pile into the bond market after stocks go down via withdrawal of QE, the interest rate rise will crash the bond market and all the interest-rate derivatives, by far the largest component of them. Total wealth destruction. Williams says he is giving no more interviews as the die is cast and it's too late. OK, Williams is not "gospel," but it makes sense. Jim Rickards has also ominously appeared, indicating it might all happen within 6 months, though maybe a bit later. Like Sept-Oct? Rickards now is titled as a chief advisor on financial collapse to the CIA and the Director of National Intelligence. Think he knows something?
Rickards also says gold will reach 7,000--for starters. Most pros think silver will rise even higher percentage-wise.
(My title is from an old song by Dave Van Ronk of the same name. Seems fitting somehow in the circumstances as we descend into ferocious farce.)
written by David Camp , November 12, 2014
The Book of Revelations is playing out. The mark of the beast is the end game and universal healthcare is probably the vehicle.
This coming new world order is called the 4th beast in the Book of Daniel and it will break up and devour the whole world. The antichrist is already to take control after the next global war. After all, it's the economy, stupid.
written by Mythical-Ornithology , November 13, 2014
The cover of the Economist distinctly shows an eagle astride of the burning currency notes, the eagle of course is the symbol of empire and military domination in European culture.
The meaning of the symbol on the Eagle's head, although familiar in European decoration, currently escapes me.
The Phoenix is of non-European origins and symbolizes self-renewal and rejuvenation. It springs out of its own ashes after completely burning out. The eagle shown on the cover is clearly in a victor pose over defeated currencies.
written by Brabantian , November 13, 2014
From here on the ground in Europe, the New World Order is stumbling and not sellling. Last week, Brussels, Belgium, had the worst political riots and demonstrations in 30 years, with more than 1% of the nation's population shutting down the city ... and the 'national sovereignist', anti-common-currency groups are in the ascendancy everywhere in Europe, much to the chagrin of the EU project, which is clearly past its peak. In Italy and France, the largest political groupings are getting ready to take power and leave the euro currency (Beppe Grillo in Italy, Marine Le Pen in France).
In Russia itself, tho Vlad Putin himself might arguably be the cleverest and most insidious of NWO shills - as shown by his leaving 30,000+ dead in tragic submission to the West in East Ukraine - Putin is in an increasingly fragile position with his own people, indeed pressed on one side by NWO-Western oligarchs, but on the other side, Russia's growing national sovereignists in politics and the military, are increasingly seeing Putin as a weak compromiser or possible traitor, and soon Russia might be very different as well.
written by Bill Sardi , November 13, 2014
What is not said is that bankers are at war. Bankers have agreed to reserve requirements and reporting standards in Basel I, II, and III agreements, but they keep delaying implementation. If one bank ignores reserve requirements and another adheres to them, the latter bank cannot compete. So this is a bankers war. A one-world currency in foreign trade forces banks to adhere to reserve and reporting requirements or they can't use the international currency. However, this would spell the end of democracy. He who controls your money controls you. A committee at the IMF would rule the world if it issues that money.
written by Brandon Smith , November 13, 2014
@Brabantian
Be careful not to confuse feigned weakness with real weakness. One of Sun Tzu's primary strategies is to appear weak when one is strong. The elites use engineered chaos to institute greater order (power). The weakness of the EU or Russia is not the issue. The strength of the IMF and BIS is the issue.
written by NICK.VINCENT , November 13, 2014
Brandon:
And you cite Sun Tzu well. True wisdom, as Sun Tzu would say, lies in the application of wisdom's general rules (e.g., do not confuse the appearance of weakness for true weakness) to the facts at hand.
What facts hold the IMF and BIS in the ascendancy over the observations that Brabantian makes with respect to Pres. Putin and the sovereignty unrest in Brussels?
Cato the Elder's observations on the USD derivatives market are critical for understanding, analysis, and prediction of the short and long term economic and political developments in the world.
Can the nations with currencies desirous of inclusion in the SDR basket rebalance the global economy on a $9,000 per ounce gold standard, as Jim Rickards predicts, en route to the global SDR, without bringing a catastrophic derivatives meltdown? How would that happen, without a globabl, biblical Jubilee that nullified derivative debts?
Can this rebalancing occur with economic output slowing and energy return on energy invested (EROEI) in petroleum declining? Those who scoff at Peak Oil analysis have no answer to declining EROEI. And that is key.
Gibbs' Rule #70: Keep drilling until you hit bottom (stated by McGee and adopted by Gibbs)
written by Sezsue , November 13, 2014
Mythical-Ornithology,
The decoration on the eagles head is a fleur de lis, which commonly denominates royalty, French/Merovingian was mentioned, but royalty in general. It is a very ancient symbol that goes way back. It comes from the lily, or Iris, but the information I read gave various other items it could represent 3 toads (frogs?) and also the Trinity, or Mary.
The appearance of the fleur de lis on this picture surely has a hidden meaning, but what?
written by Brandon Smith , November 13, 2014
@Nick
Perhaps that is what Christine Lagarde means by an "Economic Reset"; a reset of national debts, undertaken by the IMF, and denominated in SDR's, of course...
written by Guest , November 13, 2014
Well, this article might mean "total" destruction of the nation won't happen, just to protect the Chinese Colonies. Not that it's a good picture either way.
http://americanpolicy.org/2014/04/25/is-the-u-s-being-colonized-by-red-china/
written by Franz , November 13, 2014
It says Phoenix right on the currency, and with the bird sitting astride fire, I find it hard to imagine it was supposed to be an eagle.
The phoenix has important meaning to the occult, too. The NWO is nothing if not occult in its trappings of the mystery religions.
written by mossmoon , November 13, 2014
@Nick
Glad to see not everyone has forgotten about peak oil. You are absolutely right about peak oil and EROI. Global conventional peaked in 2005 and is declining at a fast clip of about 6%. Shale oil has taken up the slack but it has been hyped beyond belief and will peak over the next two years. These wells decline 80% in the first 18 months. Shale will decline VERY quickly and then we are on the downslope the bell curve for the first time in history.
Think about it. The system transitioned to the petrodollar in the 1970s, right after the US peaked in domestic oil production. Here we are transitioning now during global peak. Does anyone think this is a coincidence? Money is a proxy for energy after all.
No one is talking about it because all the peak oil guys were predicting doom and nothing happened because of the shalegasm, but they were right!! Just early.
written by mossmoon , November 13, 2014
Brandon what do you think the chances are of a private debt restructuring as government debt is restructured into SDR bonds, given that when the system eventually deflates debt will become a massive burden?
Personally I think this would put enough money back in the hands of people to bid up energy again, and that marginal energy will not exist.
written by Brandon Smith , November 14, 2014
@mossmoon
I doubt that any debt restructuring will work in favor of private individuals, if it is ever offered. Monetary collapse will essentially become our debt restructuring, with the dollar being officially tied to and subverted by the SDR. Currently, one U.S. dollar is worth .64 SDR's, so expect at least close to 50% devaluation of the dollar as it is coupled to SDR prices. It's hard to say how private debts will be handled under such a scenario, but under a catastrophic 50% devaluation, personal debt restructuring will be the least of our worries, and high energy prices will be a guarantee.
written by Guy Fawkes , November 14, 2014
You said:
" I have seen an incredible array of analytic interpretations of the macro-economy by multiple mainstream and independent financial writers, but very few of them recognize that the conflict between the West and the eastern BRICS is nothing more than a farce. "
If this is so, then why has Russia (and China) been surrounded with NATO military bases ? I am no economist, but I see this as simply an attempt to enforce American hegemony upon the rest of the world. The Russians and Chinese see the dollar is nearly valueless and so the BRICS was formed to offer an alternative to upholding the failing world "reserve currency" and US adventurism. The US has a huge military-industrial complex hungry for profits (even military food service is contracted out).
The problem that I have with the "One World Government" conspiracy theory is that it requires a select group of people to maintain and maneuver the plot over a period of several hundred years! Imagine the control that it would take to steer toward a goal steadily over a period of dozens of generations. The incredible ambition involved in such an undertaking is staggering to the imagination, and frankly, it would be impossible for any central authority to govern the entire world population of nearly 8 billion people. Conflicts take place over minutiae everywhere all the time. World governance is for God, or else it is impossible with man at this stage of his/her evolution.
written by Brandon Smith , November 14, 2014
@Guy Fawkes
Everyone is certainly welcome to their own opinion, however, the data speaks for itself, and I suggest you read the links included in this article.
You don't seem to understand the concept of false paradigms. Just as the West versus National Socialist and West versus Communist paradigms were false (just check out Antony Sutton's extensive research and evidence) so is the paradigm of East versus West false.
The problem is you aren't asking the right questions. What you should be asking is, why, if the IMF is a U.S. dominated banking institution, are Russia and China so intent on the IMF forming a centralized global bank and monetary system? Wouldn't this be giving the U.S. MORE hegemony? Or maybe you should be asking why, if the IMF is a U.S. dominated institution, is the IMF threatening to cut the U.S. out of future policy decisions if Congress does not approve new measures and funding agreed upon in 2010?
The answer is, the IMF is NOT a U.S. dominated banking institution. Perhaps the U.S. government is just a pawn of global bankers, and, if this is the case, then Russia and China are pawns as well, since they are handing so much authority over to the IMF. You are thinking in two dimensional terms. You are only looking at the surface of the paradigm. You need to look beyond the theater of media threats and military bases and pay more attention to the greater game at play. The Eastern elites and Western elites are one in the same entity. Don't be fooled by fake conflict.
Also, the claim that one world government is an "impossible undertaking" is NOT an argument, it is an opinion, and an uneducated opinion at that. The "conspiracy" is outlined clearly in the article above in the words of the elites themselves. But, if you need more convincing, here are some quotes from another elitist:
“The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy” - Carroll Quigley, CFR member, mentor to Bill Clinton, Tragedy and Hope, 1966
The powers of financial capitalism had [a] far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. - Carroll Quigley, CFR member, mentor to Bill Clinton, Tragedy and Hope, 1966
"In time they brought into their financial network the provincial banking centers, organized as commercial banks and savings banks, as well as insurance companies, to form all of these into a single financial system on an international scale which manipulated the quantity and flow of money so that they were able to influence, if not control, governments on one side and industries on the other."
"It must not be felt that these heads of the world's chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks."
written by Guy Fawkes , November 15, 2014
First, understand that I have read your article more than once and all the links as well (except the WSJ article that requires a subscription to access).
You state:
" What you should be asking is, why, if the IMF is a U.S. dominated banking institution, are Russia and China so intent on the IMF forming a centralized global bank and monetary system? "
They do not appear intent on the IMF forming a centralized global bank and monetary system, rather they are negotiating for alternatives to the dollar as already stated;
"China's president called Tuesday for the creation of a new Asian structure for security cooperation based on a regional group that includes Russia and Iran and excludes the United States." (http://www.cbsnews.com/news/ch...ssia-iran/). Or perhaps this is more convincing:
"The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. " This article is entitled "BRICS Nations Plan New Bank to bypass World Bank, IMF" and is found here:http://www.bloomberg.com/news/2013-03-25/brics-nations-plan-new-bank-to-bypass-world-bank-imf.html
You see, we can play this game of quoting the MSM and find conflicting reports on all the points you stress both in your article and your initial response to me. As regards Mr. Putin being a "globalist", well if so, then he has done some odd things to thwart globalist goals. For example, after arresting Mikhail Khodorkovsky the billionaire Russian/Jewish Oligarch for embezzlement, Khodorkovsky's Menatep bank (Isle of Man) offered Putin shares in Yukos in exhange for Khodorkovsky's freedom , but Putin simply nationalized Yukos. I had links to prove this, but they have since been made to flow down the internet memory hole (isn't that odd?). However, this one is still available to view:http://www.fpp.co.uk/online/03/11/Oligarchs071103.html
As you can see it was dated 2003 and the shares passed from Khodorkovsky to the Rothschild bank prior to Putin nationalizing and subsequently using money from that resource to pay off Russia's IMF debts, here you go; "http://english.pravda.ru/russia/economics/22-08-2006/84038-parisclub-0/
You tell me that I am thinking in two dimensional terms and need to look beyond the theater of media threats and military bases and pay more attention to the greater game at play. My view is that focusing simply on international bankers and disregarding the myriad other factors that play into human relations and power play is one dimensional.
You quote Quigley extensively and while I agree that his advice regarding the two party system should be " the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy” has indeed been made reality and in effect for a long time and it is the reason that I do not vote in any election. I am sure that his views influenced Clinton and all other subsequent presidents and most likely reflects the view of the CFR . Further, yes there is no doubt that international bankers have huge influence in world matters and have global one world government as a final aim. That does not make their desired outcome a certainty. Perhaps a world wide economic coup is possible, but governance on that level is, (yes, my opinion) not possible and not sustainable. It would fail for many reasons, just as the US empire is now failing and the British Empire and Roman Empire before have failed. Too many diverse populations and too much distance between the central authority and its subject peoples, a strategic nightmare.
As a final note, I see that you are evidently a "gold bug". In the kind of catastrophic economic breakdown that you envision, what do you think you will be able to buy with gold when there is nothing to purchase? No money, no fuel, no fuel no delivery of goods. A final thought; a gold backed currency is not necessary. At least one country in history made this work;
http://www.webofdebt.com/articles/bankrupt-germany.php
written by Brandon Smith , November 15, 2014
@Guy
Perhaps you should start with the actual data provided, rather than regurgitating the same mainstream lies, as if that is some kind of counter argument? You obviously have NOT read the links included in this article or my previous work, otherwise, you would know that the BRICS bank is a farce, and that the BRICS are only using it as a tool for greater inclusion in the IMF system (at least publicly, that is the story they are telling). Putin openly admits this:
"In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this..."
http://www.wh-china.com/world/201407/t2504534.htm
And the President of Brazil:
Brazilian President Dilma Rousseff insisted that the BRICS were not seeking to distance themselves from the Washington-based International Monetary Fund.
"On the contrary, we wish to democratize it and make it as representative as possible," she told reporters following talks with Indian Prime Minister Narendra Modi before joining other leaders
http://news.yahoo.com/brics-create-development-bank-mini-imf-175644391.html
Just the fact that there are "contradictory" statements by the BRICS should make you question what exactly their true intentions are. Instead, you seem intent to blindly believe the east/west theater. I never claimed that the goals of the elites would be attained, but it is undeniable that their plan is indeed world government, and it is more than possible for them to achieve such a plan IF people like yourself continue to be suckered by the false east/west paradigm.
So again, I ask, if the IMF is a U.S. dominated globalist institution, then why are the BRICS so intent on supporting it and participating in it? Why are the BRICS part of the BIS? Why is Putin close friends with Mr. NWO himself, Henry Kissinger? Why does he allow Kissinger to sit on Russian advisory groups on foreign policy and economics? Why is Goldman Sachs the primary economic adviser to the Russian Government? Why does China's central bank continually call for the IMF to take over global monetary control, as quoted in the article above.
I'm not interested in your opinions. They are meaningless. Only facts.
You see, guy, you have a problem presenting concrete responses to such questions. Your only tactic appears to be to try to deny they are legitimate questions. This simply isn't going to fly if you wish to be taken seriously. Also, let's stay on subject, shall we. This is not a debate on gold, so please, refrain from distractions and tangents.
written by Steve B. , November 15, 2014
Just this past week, China signed on to a CO2 emission agreement with...the US. Global warming, you know. As in Agenda 21.
Also just watched a documentary about various poisons we are being subjected to. Nothing really new to me, but I saw where China is now being heavily sprayed with chemtrails. More lab rats for the NWO, as chemtrails are fully global. Not that China was not already, in the words of the UN from some years back, "the model state for the world in the 21st century." Rockefeller man Mao standardized the public to create little drones in uniforms to prepare the work force for the global fascist capitalism that is the model state for all of us. Greg Hallett (who may have been recently murdered in England) told me that Mao's father was almost certainly a Rothschild and he was left money by him in his will.
3-D everyone?
written by Guy Fawkes , November 16, 2014
" In fact, the BRICS have argued only for greater inclusion in the IMF system and have no intention of developing a legitimate alternative to “Western” globalization." This quote from your article piqued my interest, so I was searching for more info on it.
- After much further research, it appears that BRICS is actually positioned to take a prominent role within the IMF:
"The present value, or composition (get use to this term) of the SDR is determined by only 4 currencies. They are the U.S. dollar, the Euro (think basket of currencies micro pattern), Japanese Yen, and the British Pound (the old girl just won’t quit).
With the implementation of the 2010 I.M.F. Code of Reforms discussed in part one of this series, this composition is about to change. The currencies of the BRICS countries will soon be added to this composition, along with other major economies. Perhaps Vietnam will be added to the composition." (http://philosophyofmetrics.com...ds-part-2/)
The author of that blog is actually quoting from IMF announcements and goes on to say;
"Debt balances will settle into new account holders before the system is locked down. Those with greater capacity for composition will swallow the old sovereign debts. The U.S. owes a great debt to China and because of this China is allowed to import all the gold. This gold will ensure the transfer of Fed liabilities to the Renminbi composition."
Collins goes on to quote an IMF press release:
"In the I.M.F. press release dated January 23rd, 2014, it states the following:
“The Executive Board reiterates the importance and urgency of the 2010 Reforms for strengthening the Fund’s effectiveness and legitimacy. This includes ensuring that, as a quota-based institution, the Fund has sufficient permanent resources to meet members’ needs and that its governance structure evolves in line with members’ changing positions in the world economy.”
What they are saying here is that the implementation of the new Executive Board, which includes China and other BRICS countries (See SDR’s and the New Bretton Woods – Part One) needs to happen as soon as possible. These new members will make much needed capital injections into the quota fund to meet overall member needs. Here we need to consider the sovereign debt of all the countries of the world and the consolidation of this debt through the I.M.F. as it was designed to be. It also makes clear that the governance structure of the Executive Board will reflect the “members changing positions in the world economy”.
and;
"The Executive Board proposes that the deadline for the completion of the Fifteenth Review be moved from January 2014 to January 2015. Furthermore, the Executive Board recognizes that the immediate priority is the effectiveness of the Fourteenth Review and Board Reform Amendment. Accordingly, the Executive Board proposes that the Board of Governors adopt a Resolution expressing its deep regret that the Fourteenth Review and the Board Reform Amendment have not become effective and urge the remaining members who have not yet accepted the Fourteenth Review quota increases and the Board Reform Amendment to do so without further delay”.
So in the first sentence the I.M.F. is clearly suggesting that the deadline for the economic reset be pushed out to January, 2015. On top of that, it’s calling for a “resolution” expressing their disappointment that some members have yet to accept the new quota regulations and are pushing those members to implement the changes “without further delay”.
Don’t let the “quota increases” term fool you. What they are talking about here is surrender of the economic sovereignty of member countries. In this simple term will be found the passage of ownership over the Federal Reserve System to foreign powers. And remember, as we learned in Part One of this series, Jack Lew of the Treasury is pushing Congress to pass legislation which will support what the I.M.F. is requesting.
The most important sentence in part three of his series of essays seems to be this;
"Make no mistake about it, the Global Currency Reset and the Great Consolidation will mean the end of sovereignty, including the sovereignty of the United States.
Collins makes a persuasive argument for the same idea you propound- that a new world currency is a certainty.
So to answer your questions:
"So again, I ask, if the IMF is a U.S. dominated globalist institution, then why are the BRICS so intent on supporting it and participating in it? " - The IMF is not US dominated, (yes I know that was a point you made) and they are participants because they apparently stand to gain mightily when the dust settles.
"Why are the BRICS part of the BIS?"
- apparently because BRICS is an integral part of the planned restructuring to come.
Answers to the balance of your questions are obvious.
Ominous and foreboding to say the least. It explains the rise of the US police state as well.
I am not above admitting that I was mistaken.
"Why are the BRICS part of the BIS?"
-
written by Terry1 , November 16, 2014
I've always thought that eventually enough self-sufficient, armed citizens scattered throughout the USA. willing to fight any loss of liberty such as you described would make the end game untenable for elites intent on ruling the world. Most countries seem to be already firmly under the elites control, however along with Israel we are a scab on the oligarchs body that never quite heals, especially since the midterms and all attempts to disarm US citizens have failed, so far. Israel is able defend itself. Thus, the USA, led by the unwilling and unable will require a more drastic mode of convincing, a far greater sense of destruction that previously was unimaginable.
I don't know who pulls the trigger, Russia's current belligerence withstanding. China's made threats too. Maybe both. I expect to see the USA reduced to a pile of ash, most likely by this time next year, not just for the NWO's phoenix , but also, so old scores can be settled (such as Israel), unhindered by bothersome US Christian conservatives.
Thank you for the time and thought you gave for this prescient post.
written by Steve B. , November 18, 2014
I just stumbled upon an interview of Kevin Annett with Alfred Webre. If you are not familiar with Annett, he is worth informing yourself about, as he is pursing the Illuminati in common law courts who are involved in the pedophilia, human trafficking, satanism, snuff films, drug running and so forth. And, of course, the NWO project on the geopolitical level.
At around 12:00-14:00, you will hear a revelation of how the Vatican Bank (assisted by Deutsche Bank and the Ndrangheta--Mafia)) have been and still are instrumental in funding and establishing the new BRICS bank. And how the new "auditors" of the Vatican Bank were hand-picked by the Pope and are all connected with the BRICS group.
The only thing bi-polar about the world is the beliefs of the public.
http://omnithought.org/kevin-annett-alfred-webre-discuss-about-police-state-canada-new-asian-world-bank/1213
written by NICK.VINCENT , November 23, 2014
Brandon and Guy:
Well done to you both for the dialogue, mutual respect, and demonstration of an unscripted dialectic and civil discussion.
It remains time to prepare.
Nick
written by Daniel Skipp , November 25, 2014
Brilliant! Well done. Thank you.
I would write more but now is not the time for me.
It seems our only hope is mass education with selected screeds such as yours and the building of networks of local currencies and trade cooperatives.
