IMF Now Ready To Slam The Door On The U.S. And The Dollar

As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of the world will be distracted by the outcome of this crisis (for good or bad) for at least the week, I find I must concern myself with a far more important and dangerous situation.

Up to 40 people may be held by a supposed extremist in Sydney, but the entire world is currently being held hostage economically by international banks. This is the crisis no one in the mainstream is talking about, so alternative analysts must.

As I predicted last month in “We Have Just Witnessed The Last Gasp Of The Global Economy,” severe volatility is now returning to global markets after the pre-game 10 percent drop in equities in October hinted at what was to come.

We expected such destabilization after the wrap-up of the Fed taper, and the markets have not disappointed so far. My position has always been that the taper of QE3 made very little sense in terms of maintaining the manipulated illusion of economic health — unless, of course, the Federal Reserve was implementing the taper in preparation for a renewed financial catastrophe. That is to say, the central bankers have established the lie of American fiscal recovery and then separated themselves from blame for the implosion they KNOW is coming. If the markets were to collapse while stimulus is officially active, the tragedy would be forever a millstone on the necks of the banksters. And we can’t have that now, can we?

This is not to say that individual central banks and even currencies are not expendable in the grand scheme of things. In fact, the long-term goal of globalists has been to consolidate all currency systems and central banks under the outward control of the International Monetary Fund and the Bank Of International Settlements, as I outlined in “The Economic Endgame Explained.”

That particular article was only a summary of a dangerous trend I have been concerned about for years; namely the strategy by international financiers to create a dollar-collapse scenario that will be blamed on prepositioned scapegoats. I have no idea what form these scapegoats will take - there are simply too many possible triggers for fiscal calamity. What I do know, though, is the goal of the endgame: to remove the dollar’s world reserve status and to pressure the American people into conforming or even begging for centralized administration of our economy by the IMF.

The delusion perpetuated in the mainstream is that the IMF is a U.S.-dominated institution. I have outlined on many occasions why this is false. The IMF like all central banks is dominated by the international corporate banking cartel. Central banks are merely front organizations for globalists, and I am often reminded of the following quote from elitist insider Carroll Quigley when I hear people suggest that central banks are somehow independent from one another or that the Federal Reserve is itself the singular “source” of the world’s economic ills:

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 (also called “international” or “merchant” 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.

No one can now argue against this reality after we have witnessed hard evidence of Goldman Sachs dictating Federal Reserve policy, as outlined here.

And, most recently, we now know that international bankers control political legislation as well, as Congress passed with little resistance a bill that negates the Frank-Dodd restrictions on derivatives and places the U.S. taxpayers and account holders on the hook for more than $303 trillion in toxic debt instruments. The bill is, for all intents and purposes, a “bail-in” measure in disguise. And it was pushed through with the direct influence of JPMorgan Chase CEO Jamie Dimon.

The Federal Reserve, the U.S. government and the dollar are as expendable to the elites as any other economic or political appendage. And it can be replaced at will with yet another illusory structure if this furthers their goal of total centralization. This has been done for centuries, and I fail to see why anyone would assume that globalists would change their tactics now to preserve the dollar system. They call it the “New World Order,” but it is really the same old-world monetary order out of chaos that has always been exploited. Enter the IMF’s old/new world vision.

While the investment universe has been mesmerized by the deterioration of the Russian Ruble and oil prices, the IMF has been a busy little bee hive...

In articles over the past year, I have warned that the plan to dethrone the dollar and replace it with the special drawing rights basket currency system would be accelerated after it became clear that the U.S. Congress would refuse to pass the IMF reforms of 2010 proclaiming “inclusiveness” for developing economies, including the BRICS nations. The latest spending bill removed any mention of IMF reforms. The IMF, under Christine Lagarde, has insisted that if the U.S. did not approve its part of the reforms, the IMF would be forced to pursue a “Plan B” scenario. The details on this “plan B” have not been forthcoming, until now.

The Financial Times reported on the IMF shift away from the U.S. by asserting the authority to remove the veto power America has always enjoyed over the institution. This action is a stark reminder to mainstream talking heads and to those who believe the U.S. is the core economic danger to the world that the IMF is NOT an extension of American policy. If anything, the IMF and the U.S. are extensions of international banking power, just as the BRICS are nothing more than puppets for the same self-serving financial oligarchy clamoring for the same IMF-controlled paradigm, as Vladimir Putin openly admitted:

"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…"

And of course the Chinese have pronounced their fealty to the IMF global currency concept:

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."

The BRICS are not the only nations demanding the U.S. lose its supposed "influence" over the IMF.  Germany, the core economic pillar of the EU, called for America to relinquish its veto power back in 2010 just as the reforms measure was announced.

The IMF decision to possibly eliminate U.S. veto power and, thus, influence over IMF decisions may come as early as the first quarter of next year. This is the great “economic reset” that Largarde has been promoting ad nauseam in multiple interviews and speeches over the past six months. All of these measures are culminating in what I believe will be a more official announcement of a dump of the U.S. dollar as world reserve currency.

Along with the imminent loss of veto power, I have also written on the concerns of the coming SDR conference in 2015. This conference is held only once every five years. My suspicion has been that the IMF plans to announce the inclusion of the Chinese yuan in the SDR basket and that this will coincide with a steady dollar dump around the globe. Multiple major economies have already dropped the dollar in bilateral trade with China, and engineered tensions between the U.S. and the East have exacerbated the issue.

The timing of the SDR conference has now been announced, and the meeting looks to be set for October of 2015. Interestingly, this linked article from Bloomberg notes that China has a “real shot” at SDR inclusion and official “reserve status” next year, but warns that the U.S. “may use its veto power” to stop China’s membership. I have to laugh at the absurdity of it all, because there are many people in the world of economic study who still believe the developments of globalization and fiscal distress are all “random.” I suppose that if it is all random, then it is a rather convenient coincidence that the U.S. just happens to be on the verge of losing veto power in the IMF just before they are about to bring the BRICS into the SDR fold and supplant the dollar.

This is it, folks; this is the endgame right in front of our faces. The year of 2014 is the new 2007, with all the negative potential but 100 times more explosive going into 2015. Our nation has wallowed in slowly degrading financial conditions for years, hidden by fake economic statistics and manipulated stock prices. All of it has been a prelude to a much more frenetic and shocking event. I believe that we will see continued market chaos from now on, with a steep declining trend intermixed with brief but inadequate “dead cat” stock bounces. I expect a hailstorm of geopolitical crises over the next year to provide cover for the shift away from the dollar.

Ultimately, the death of the dollar will be hailed in the mainstream as a “good and necessary thing.” They will call it “karma.” They will call it “progress.” They will even call it “decentralization” and a success for the free market. But it will not feel like a positive development for the American public, who will suffer greatly as the dollar crumbles. Only those educated in the underpinnings of shadow banking will understand the whole thing is a charade designed to hide the complete centralization of sovereign economic governance into the hands of the globalists, using the IMF and BIS as “fiscal heroes,” saving the world from a state of economic destruction the elites themselves secretly created.

 

 

 

 

 

REMINDER:  Alt-Market's winter donation drive is now underway!  If you would like to support the publishing of articles like the one you have just read, visit our donations page here.  We greatly appreciate your patronage.

 

You can contact Brandon Smith at:

This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Hits: 43570
Comments (49)add comment
0
Events Are Certainly Accelerating
written by Rodster , December 17, 2014

It's fascinating to watch all of this unfold. Whatever happens I certainly won't be shocked or awed by the events. It's like watching a slow motion car crash pickup speed.
report abuse
vote down
vote up

Votes: +19

0
History is Inescapable
written by JAH666 , December 17, 2014

Agreeing with Brandon, I have to question the very last line of this article: "saving the world from a state of economic destruction the elites themselves secretly created". None of it has really been a secret for decades, though. The aims of the IMF and BIS, the entire structure of the world-wide central banking structure, the expansion of shadow-banking in the last few decades and other developments has all been done in the open. All their records and pronouncements have been public record, but the vast majority of humanity is either too ignorant (by design), too stupid (due to demographics), or just doesn't give a damn. TPTB behind all of what Brandon has written about for years has been very skilled at controlling "the message" and humanity. The human race will get what THEY want, not what it wants, when THEY are ready and it will be (as Rodster noted above) truly fascinating to watch.
report abuse
vote down
vote up

Votes: +16

Brandon Smith
...
written by Brandon Smith , December 17, 2014

@JAH666

True. My meaning was in reference to the average person not familiar with alternative economics, but the undeniable information is indeed out there for anyone who actually wishes to find it.

report abuse
vote down
vote up

Votes: +20

0
question
written by Glennb6 , December 17, 2014

certainly smells like this is happening now. you and JC Collin's blog are in sync with this message.

If foreigns start selling our debt, do we not pay them off in dollars, somewhat reducing overall supply thereof and so increasing the dollar's value?

Or, additional digital dollars can be conjured to pay them, but why would they sell if but to receive inflated (lower valued) dollars then.

Or, is the buying and selling of USTs pretty much a net-net situation for the dollar?


report abuse
vote down
vote up

Votes: +2

0
...
written by justanobserver , December 17, 2014

Brandon,

Great analysis.

report abuse
vote down
vote up

Votes: +5

0
USD-SDR swaps?
written by mossmoon , December 17, 2014


Brandon when you say "dump dollars," are you expecting those dollars will be exchanged for SDR? I've been reading Rickards' new book and he argues that when that happens the USD will devalue against the SDR, igniting a tsunami of inflation in the US.

report abuse
vote down
vote up

Votes: +4

0
...
written by justanobserver , December 17, 2014

Brandon,

Per the Office of Comptroller of the Currency banks (including Citibank) had a waiver of Dodd-Frank Section 716 in effect until the middle of next year.

I think there is more to this story than bail-outs (which the FDIC now appears to be back on the hook for even more than 2011 transfer by Bank of America of its derivatives to its deposit protected subsidiary) or the bail-ins (mutating the bondholder, stockholder, and other insecured creditor investments* into capital of the bank).

The bigger picture is still not showing itself completely.

report abuse
vote down
vote up

Votes: +4

0
"Unincoporated Private banks" the author says ….
written by CJHames , December 17, 2014

The author says: "The substantive financial powers of the world were in the hands of these investment bankers (also called “international” or “merchant” bankers) who remained largely behind the scenes in their own unincorporated private banks. "

He then goes on to claim that Goldman Sachs is one of those unincorporated private banks: "No one can now argue against this reality after we have witnessed hard evidence of Goldman Sachs dictating Federal Reserve policy, as outlined here."

There's just one rather large problem with this claim. GS is neither unincorporated or private.

report abuse
vote down
vote up

Votes: +1

Brandon Smith
...
written by Brandon Smith , December 17, 2014

@Cj

That quote comes from Carroll Quigley, not myself, and I at no point do I claim that Goldman Sachs as a whole is an unincorporated bank. I do claim however that Goldman Sachs is an extension of that private system, and yes, while Goldman is publicly traded, it IS INDEED a private bank (private meaning not a government owned bank like those in China).

Just look up the SEC's status on the Goldman Sachs Variable Insurance Trust and you will find that it is categorized as "unincorporated".

report abuse
vote down
vote up

Votes: +13

0
Slow Motion Train Wreck
written by JohnF , December 17, 2014

"the central bankers have established the lie of American fiscal recovery and then separated themselves from blame for the implosion they KNOW is coming"

Exactly what I have been saying on blogs for a couple of months since they announced the recovery in full mode in November.

But now we can expect a false flag attack to blame the collapse of the economy on & put us in full war mode.

report abuse
vote down
vote up

Votes: +8

Brandon Smith
...
written by Brandon Smith , December 17, 2014

@Mossmoon

I think dollars will be exchanged for whatever currencies and assets foreign investors and banks can get their hands on. Of course, someone will be left holding the bag at the end of it all - some investors and the American people.

I think the dollar will lose considerable value, but will probably still exist as an included currency in the SDR basket system. The SDR is a kind of middle step towards global currency. If you read the article "Rise Of The Phoenix" from the Rothschild owned 'The Economist' back in the 1980's, they openly admit that the SDR would act as an initiator, and then it would transform from a currency basket into a global currency over time.

report abuse
vote down
vote up

Votes: +6

0
...
written by justanobserver , December 17, 2014

For shits and giggles,

Goldman Sachs Bank USA is a FDIC institution. It has deposits (liabilities) of $68 billion, assets of $111 billion, and notional value of derivatives of $48 trillion.

A loss of approximately 14 one thousandths of a cent on their derivatives blows away their depositors* (if the depositors are treated to the single resolution authority of Dodd-Frank).

A loss of approximately 11 one thousandths of a cent on their derivatives blows away the Deposit Insurance Fund of the FDIC (as in the entire damn amount the FDIC has to make $9 trillion** in deposits whole).

*All things being equal the wealth management functions of the former brokerage houses before they were granted bank holding company status in 2008 may indicate that their depositors are the exceptionally well-heeled elites that have not for one fucking moment of their damned souls existence done an honorable days labor. Destroying them would not be in the best interest of those who exist to serve them.

**Earlier this year the FDIC decided that deposits held at foreign branches of U.S. banks would not be entitled to deposit protection.

The internet- its not just for cyber Monday anymore.


report abuse
vote down
vote up

Votes: +8

All is fine ..., Low-rated comment [Show]
0
...
written by Job , December 17, 2014

Well done Brandon, just might add the USD and regional currencies of the world are not expected to go anywhere as only the sovereign debt of Nations will be restructured under SDR bonds to form the new multilateral system. SDR’s or rights will not circulate as a new one world currency. Only the new exchange rate equivalents for national currencies begin to reflect what a country produces versus consumption. Going ahead I expect to see rates quoted as so many ‘rights per dollar’ or ‘rights to euro’ etc. American’s are experiencing this devaluation process I would say on a daily basis now, although I am afraid there is a ways to go before we can expect some stability in our local economies. Real estate has been re-blown so there is a lot of air there that has to deflate. Likewise the stock and bond markets as the hurt will be felt in pensions and retirement accounts. It seems we have begun to pay more for life’s basics at the same time a crushing deflation in all assets has commenced. This is part of the production based economy the world is becoming. Generations of debt based economics saw their plateau several years ago.
report abuse
vote down
vote up

Votes: +1

0
End Game Indeed
written by Steve B. , December 17, 2014

In case anyone still has some doubts about the accuracy of precisely what is described in Brandon's article (and even if you are already convinced), you might read the material over at www.redefininggod.com. I just stumbled into this site. Yes, the site title does contain material directing addressing that topic (and all Giordano Brunos out there might resonate with it at least to some extent), most of it is devoted to connecting the NWO dots, including Russia, China and the BRICS. The Show always goes on. His surveys are painstaking and in great detail. Of special note is his discussion and citation from a 1956 Rockefeller book called Prospects for America. The whole blueprint is right there.

Lindsey Williams was told 2015 is the year it all goes down, and that the trigger will be a "mistake" by Janet Yellen to raise interest rates. Which is precisely what Charles Schwab just came out the other day urging. The globalist also told Williams the numerology of 7 was very important here in "God's" pla: 2001(911)--2008 (Lehmann)--2015(TSHTF). Lagarde early in 2014 gave a speech which she started with an "incoherent" ramble relating to the number 7. It's on You Tube. Sure looks like the script is screaming 2015.

Ellen Brown surmises that when the derivatives crash (the interest rate swaps will nosedive if interest rates are raised), the FDIC will be quite incapable of handling it all. Of course it is. After the depositors and pensioners, etc. are looted, she figures the FDIC might have to borrow from the Fed, and will be hopelessly unable to repay the debt without a source of funds. There will be a "premium" rise which will bankrupt all participating banks in the FDIC system save a handful of big banks. Williams was also told that just a few huge banks left standing was in fact the plan.

As for Sydney and Peshawar, two more inside jobs, needless to say.

report abuse
vote down
vote up

Votes: +5

0
A riddle within an enigma, or the reverse?
written by Jerome Avenue , December 17, 2014

Brandon, while I enjoy your commentary very much, in the end it aligns with the main stream goldbug bunch wholeheartedly. What, pray tell, does the IMF really have to use aside from the almighty dollar CURRENTLY, as opposed to some hypothetical future? And please do look at what has happened to the dollar since the oil crisis began. All the emerging market currencies are flatlining, and the dollar is flying, no matter what radical intervention Russia's version of the FED undertakes. And therein lies the real problem.

At true extremes, real markets will take over. You can forget about the IMF, the FED, etc. They will have zero effect, whatever they do, and we have seen this increasingly over the past year or so with the FED's so-called ZIRP: Increasing cost to th FED with virtually zero effect on the ground. Why? Because demand is dead.
Taxes have been increasing on everything at ridiculous rates, and this has a very well-known effect on demand.
Then again, as an article in the WSJ pointed out today,
our so-called public servants have permitted generic pharmaceutical makers to hike the retail costs of common drugs to consumers by up to 8,000% or more. This means, in a nutshell, that virtually nobody who is not in some kind of program, can afford even a potentially life-saving common antibiotic. Add to that the signal that the oil crisis has given us--and I should remind everyone that the Saudis have not changed their amount of oil pumped-- What we are seeing is the beginning of a deflationary spiral, and nobody will be able to get a handle on it until somebody starts to have some common sense. Good luck with that.

report abuse
vote down
vote up

Votes: +3

0
Russians are agreeing, talking of anti-NWO 'sovereigntist' coup against Putin
written by Brabantian , December 17, 2014

Many Russians have begun to agree with Brandon Smith, that Vladimir Putin is a stooge for the 'New World Order' (here in Europe I have significant Russian contacts).

But Russians are also passionately discussing action, whether Vladimir Putin is a 'traitor' who is secretly helping destroy Russia for the Western powers, and whether he should be removed by a 'Russian sovereigntist' coup d'état, as a last desperate move necessary to save not only Russia, but the entire world.

Putin is 'very popular' in polls because Russians see these as national pride tools against outsiders, but in Russians' internal 'not for foreigners' talk, as economic hardship unrolls, there is discussion of whether Vladimir Putin is a 'traitor' who is secretly helping destroy Russia for the Western powers / NWO / banksters, or as Eric Sprott's site likes to call it, the 'One Bank'.

Increasingly, Russians take a darker view of Putin's 'strategic' decision not to invade & partition Ukraine after the 2 May Odessa massacre, when Nato-backed Kiev putschist thugs burnt alive several dozen Russian-speakers and satanically strangled a pregnant woman, beginning the civil war there, with now maybe 30,000 dead (officially about 5000 but all sides have motives to minimise the numbers).

Since sanctions, economic war, and massive anti-Russian propaganda campaigns were all coming anyway, Russians ask: Why didn't Putin invade and prevent thousands of fellow Russians in East Ukraine being killed? What 'strategy' was this by Henry Kissinger's 'good friend', Vlad Putin?

Russians speak of how Putin meets with NWO star Kissinger often, and praises him lavishly. Of how state-funded glossy Russian media has become laughably weak on opposing the many Western scandals & scams & propaganda. Of how Putin oligarchs & Obama oligarchs are super-connected, both significantly Jewish-Israeli (40% USA billionaires, 20% Russian billionaires), Israel & the Rothschilds etc their link point (Israelis are 20% Russian-speaking after 1990s immigration), with even Putin's girlfriend coached by the Jewish wife of Russia's richest man Alisher Usmanov.

Russians ask: Will Putin sell out Russia after he finishes abandoning Syria & Ukraine? Are true Russian 'patriots' getting ready to step forward, and truly take Russia out of the loop of the 'New World Order'? It seems there are many in Russia and its military, who indeed sympathise with the 'sovereign Russia' ideal, and their eye is now cast critically on Putin. And as things get hard inside Russia, we may just see another 'purge' as has happened often in Russia's history.

If there is a coup in Moscow by the anti-Nato sector, the question then is whether the 'new boss' will be an NWO sellout ... or if not, how savage or insane would be the attacks on them by desperate globalists.

report abuse
vote down
vote up

Votes: +3

Brandon Smith
...
written by Brandon Smith , December 18, 2014

@Jerome

What does the dollar have behind it that maintains its reserve status? Investor FAITH. That is all. Fiat currencies come and go all the time, all based on faith and loss of faith. The elites only need to remove investor faith in the dollar and increase faith in the SDR.

Also, the IMF stockpiles gold, but again, faith is the key. ALL currency systems are expendable.

report abuse
vote down
vote up

Votes: +5

0
Questions/Clarification
written by czen , December 18, 2014

This is all very interesting, but as someone new to these issues, I have a few questions, or rather requests for clarification:

(1) How exactly does the IMF maintain the current reserve currency and, further, determine which currencies will be the new reserve currencies henceforth? In other words, more broadly, what is the role of the IMF in particular in the maintenance of reserve currency status? Surely it's not the only institution involved? Is it even the primary institution in this regard?

(2) One basic claim you make is that the IMF is in some important sense independent of the US and, also, that it has authority/power over it, not the other way around as most people assume. Hence, the IMF is presumed to have some kind of independent power to kick out the dollar as the reserve currency. Likewise, you claim it can appoint new currencies, provided the relevant sovereigns (e.g., China) show "fealty" to the IMF. But isn't it more realistic to say that the relationship between sovereigns and the IMF is one of mutual interaction, influence and shaping? So, presumably, China wants a place at the table not simply in order to make itself "subservient" in some sense, but rather to have a greater stake and to increase its influence within the framework the IMF offers. Is that not more realistic?

(3) Lastly, and this goes back to the first question, is it really up to the IMF to allow for this new "basket" of reserve currencies? Wouldn't China's (or other nations') currency (or currencies) become de facto "reserve" - i.e., begin to function as such - as their relative economic strength increases, i.e., regardless of what decisions are or are not made inside the IMF? In other words, isn't the dollar bound to decline as other nations grow; and is it possible the IMF is following a trend rather than leading it, or at least, pushing along a pre-exiting trend? (Perhaps decisions by the IMF would accelerate things, but does it really have the authority to make dramatic changes on its own? ... And again, this ties into the previous questions).

Thanks!

report abuse
vote down
vote up

Votes: +2

0
I Think They're In....
written by PFS , December 18, 2014

I think china is going to pick up another 400 billion of U.S. debt from now to Oct 2015. Then, they'll be holding 2 trillion of U.S. debt.

If the U.S. decides to veto the Yuan's inclusion in the SDR, China will sell their U.S. treasuries at a discount at a rate of 75 billion per month thereafter.

That means, for two years, the U.S. treasury won't be able to sell a single bond (because their offered by the Chinese at a better rate) which in turn means that the Fed will have to print the 2 trillion over the two years just to keep the country running.

And of course, the national debt will balloon to 20 trillion....right around the start of Hillary's second year in office. Yikes.

I bet just the notion of all that makes the U.S. a yes vote on Yuan inclusion.

report abuse
vote down
vote up

Votes: +2

Brandon Smith
...
written by Brandon Smith , December 18, 2014

@czen

1. The IMF has numerous "qualifications" it uses in how it determines what constitutes a reserve currency. One of the primary criteria is global liquidity, as well as how many financial instruments are issued from the source country around the world. China has issued at least $25 trillion in Yuan denominated financial instruments (mainly debt based instruments) since the credit crash of 2008. They have made a special point to meet the IMF's liquidity requirements by 2015.

As far as world reserve status goes, the "free market" is supposed to determine which currency is best, but we all know that's not how it really works.

2. No, it is not. China is not a mere "participant" in the game, it is subservient to the globalist agenda. I highly suggest you check out The Corbett Report's excellent data based video analysis on how the bankers have controlled China for decades entitled 'China And The NWO'. You should also ask yourself this: China began issuing Yuan denominated bonds and buying up gold just before the credit collapse. It began shifting away from export based trade and decoupling from the U.S. consumer before there was ever any indication that a credit crisis was imminent. How did they know to take these massive fiscal steps towards economic safety? Are they psychic, or did someone with some control over the credit crisis warn them?

3. No. China does not have the currency spread or market influence for the the Yuan to become the defacto reserve currency like the U.S. dollar. However, the SDR does, because it is a basket system which encompasses ALL global liquidity. Plus, China won't attempt to gain sovereign reserve status because they do what they are told by international financiers. I suggest you read the Harpers article on the Bank Of International Settlements entitled 'Ruling The World Of Money', and then read The Economist article 'Rise Of The Phoenix' to get a better sense of how the global financial system actually works. NOTHING happens in the world of currencies without the say-so of international banks.

"The powers of financial capitalism had another 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, friend to the Rockefeller family, mentor to Bill Clinton, from 'Tragedy And Hope'


report abuse
vote down
vote up

Votes: +5

0
It all comes down to faith
written by Meglodon , December 18, 2014

And it this point in time right or wrong the world has faith in the US dollar and its proven by its price appreciation. We are still the main innovator of technology, we are becoming energy independent , almost there so our current account deficit is manageable. Bottom line we are the best option in an arena with very few good options. If the pretro dollar breaks I will start warming up to your thought process but how is that going to happen anytime soon? Sauds need our protection, we now produce a ton of oil, Canada and Mexico in our back pocket and other big exporters like Venzuela and Russia circling the drain.. Not to mention China economic information cannot be trusted, the EU on the verge of recession, I can go on and on. Lastly when the economic crisis hit do u recall how impotent the basket of Euro countries were? Would the SDR be much different? I will end with restating my position, it will come down to the petri dollar, it breaks then I am in your camp but I cannot see it happening , especially in this environment almost the exact opposite.
report abuse
vote down
vote up

Votes: +0

Brandon Smith
...
written by Brandon Smith , December 18, 2014

@Megladon

Yes, it is based on faith, which is why the dollar is doomed.

The BRICS nations, Germany, Japan, and even Australia have established bilateral trade agreements which remove the dollar as the world reserve currency. The Fed has generated untold trillions in U.S. dollars (the fed has never been fully audited so we have no idea how much fiat they have created), and real dollar devaluation looms ever larger. China buys more oil from Saudi Arabia than the U.S., and China has surpassed the U.S. to become the number one importer/exporter in the world.

The U.S. is Canada's largest trading partner, but China is the second largest, and the largest trading nation in the world overall. The same goes for trade with Mexico. In all likelihood, China will soon surpass the U.S. in trade with these nations as well as the U.S. consumer continues to falter.

China's economic information can be no more trusted than U.S. economic information. Just look up Shadowstats.com and educate yourself on America's REAL unemployment, debt, and CPI numbers.

The Euro is NOT a basket of currencies, it is a single supranational currency system. Not the same thing as the SDR, so your comparison does not fit.

If the world has "faith" in the U.S. dollar, then why have all major investors in U.S. debt over the past 5 years restricted most treasury purchases to short term debt, or to cycling preexisting debt instruments rather than purchasing new long term debt? Why are multiple major economic powers moving away from the dollar in bilateral trade? The cold hard reality is that the world is ALREADY dumping the dollar. U.S. petro-status will be lost just as easily as Britain lost it in the 1950's when multiple nations (including the U.S.) threatened to dump their treasury bonds.

The latest "oil price war" between U.S. shale companies and Saudi Arabia apparently does not concern you, perhaps because you don't recognize the underlying danger. It certainly does not suggest economic relations between Saudi Arabia and America are stable. Finally, the dollar index is NOT a reliable indicator of the dollar's true value. Most goods and services in the U.S. have inflated in cost every year since 2008, except perhaps real estate and now oil. When food items are rising up to 30% per year, for example, this is not an indication of a strong dollar.

Faith is a funny thing; it can levitate the most unstable of economies and currencies, but it can be lost overnight. In 2006/2007, the investment world had an unshakeable faith in housing and credit markets - in 2008, that faith was non-existent. Don't fall for the old trap of ASSUMING that such faith will remain strong, especially in light of the fact that most of the world is moving to abandon the dollar right now.

report abuse
vote down
vote up

Votes: +5

0
It's not over until the IMF does its real job -- Gold out of Hiding
written by Karen Hudes , December 18, 2014

The doom and gloom experts are simply controlled opposition. Why not add to your equation the fact that Jose Rizal created the Bretton Woods institutions to oversee the distribution of the world's wealth after a 50 year sequestration period?

The 50 years ended in 2005, but it has taken the coalition that is taking down the banking cabal a bit longer to form. We are ready for this task, and we are distributing the world's gold to replace the fractional reserve fiat currencies. Where do we stand in this agenda? If Standard & Poor's and the Universal Credit Rating Group are not willing to end the cover up of corruption from the network of global corporate control http://arxiv.org/PS_cache/arxi...5728v2.pdf , we will just have to let the internet do the job: @KarenHudes
Now see how long Reuters keeps this comment up: https://twitter.com/Reuters/status/545530431228346368
8:33 AM - 18 Dec 2014 25 Retweets 13 favorites


report abuse
vote down
vote up

Votes: +2

0
Steve B
written by Glennb6 , December 18, 2014

your link to redefininggod.com is pretty close to mind blowing !
report abuse
vote down
vote up

Votes: +4

Brandon Smith
...
written by Brandon Smith , December 18, 2014

@Karen

Just to clarify, who is supposed to be "controlled opposition"? Anyone pointing out the reality of the dollar situation? And who, exactly, is redistributing gold?

report abuse
vote down
vote up

Votes: +2

0
Glennb6
written by Steve B. , December 18, 2014

I'm glad you took a look, Glennb6. The guy is a thinking cogently. In counterinelligence/counterespionage, which is the system that runs on planet earth, all sides and all possible strategems are played from every angle in multiple and often (seemingly) contradictory counter-positions. So we have double-, triple-, quadruple-agents. So many alternative researchers have been made to believe that China/Russia/BRICS are the "white hats" who will ride in to save humanity precisely because the West is (suddenly) vile beyond measure, when they are just more "black hats" controlled by the Illuminati. Even then, most people stay asleep and take the show at face value. Then there are the actual alternative researchers, who surely smell the rat. Some of these alternative researchers are in fact role players in the Illuminati script book, while others are simply dupes. A few "get it." As David Icke subtitled his latest book, The Perception Deception, "...or its all bollocks; yes, ALL of it."
report abuse
vote down
vote up

Votes: +0

0
You and J.C. Collins
written by Pdog aka Jack , December 18, 2014

Dear Mr. Smith:

I have read you for years. I have recently read J.C. Collins in depth. You two are much alike except for one thing. You are an American and J.C. Collins is a Canadian. You believe in Liberty and J.C. believes in some kind of spiritual mumbo-jumbo. You hear me J.C We be Americans!

Pdog

p.s. although J.C. did a better job describing the world to come, much to my chagrin.

report abuse
vote down
vote up

Votes: +0

0
Seriously?
written by Hector L. , December 18, 2014

I mean, seriously? Talk about conspiracy theories in overdrive!

In the end, Fiat Currency, no matter if it is the USD, or some stupid basket of SDRs conjured by the "NWO" is simply paper.

At the end of the day, the USD still reigns supreme and the IMF can go take a long walk off a short pier, because IT IS JUST PAPER! Its value really doesn't matter!!! What matters is U.S. GDP, or potential GDP, and as long as the U.S.A. leads the way with technological innovation, and R&D, the USD will remain the world's reserve currency no matter how many whatever-lateral trade agreements signed. Because at the end of the day, the smart money will shun whatever-lateral trade agreements for the output of the largest economy of the world (California is still in the top 10 I believe).

This is what it is all about. Economic output. We could burn all the fiat currency in the world, and go back to bartering. The only way your "NWO" theories work is if people put up with it. And while I agree, most people don't care to pay attention to these types of things, AT THE END OF THE DAY, when the crap hits the fan, it is the Mob that rules Rome, not the Mafia, but the angry public.

Now, one could argue that Gold and Silver have a role to play in all this, and this is true. Fiat currency, whether created by the IMF, or Al Gore, isn't anything unless it is backed by something (today, the economy). This is why bitcoin was a joke (sorry for all you believers out there). Gold and silver used to back U.S. currency, and that kept government spending in check, and the USD king. But as soon as we went off the gold standard, the USD is backed by the ability of the U.S. Economy and its GDP, which nobody can match, not even China.

Unless you factor in WWIII, but who wants that. China isn't trying to buy all the commodities for war, but to be prepared given its population. It has the biggest mob of all to control. They have tons of worthless paper, not backed by gold but an economic promise, and they are diversifying in tangible assets that can be used to make things to barter with and survive.

This is nothing we haven't seen before, which Adam Smith wrote about. The Invisible Hand of the Market. Eventually, it will correct inefficient markets, and NOBODY can prevent that. Gold and Silver are going to have a rude awaking when the "can" cannot be "kicked" anymore.

report abuse
vote down
vote up

Votes: +1

Brandon Smith
...
written by Brandon Smith , December 18, 2014

@Hector

You don't seem to be paying attention. I never said the plan for globalized currency would "work"; I'm just pointing out that the plan exists. And, if you had actually read the links included in the article, you would have seen that this plan is not "conspiracy theory" but openly admitted fact.

I also think you are greatly oversimplifying the issue. Yes, all currencies are "just paper", including the dollar, but that is a new development in world history. The dollar has lost 98% of its purchasing power ever since it became "just a paper currency" in 1972 when Nixon officially removed the gold standard. GDP is relative to the method used to calculate it, as well as relative to dollar devaluation. By the manner in which GDP is calculated today, if consumption prices doubled, then GDP would essentially double. Yet, is the average consumer really better off for having to spend double their normal costs?

And, if GDP is so strong and true consumption is rising, then why are 90 million Americans falling off the unemployment rolls? Why are wages continually falling? If you look at the traditional method of calculating GDP used in the 1980's, which Shadowstats now applies, GDP is actually -1% annualized, and price inflation is actually at 10%.

Also, what does the U.S. really produce except toxic debt securities, or just debt in general? You have to have a real manufacturing base IN COUNTRY in order to claim production superiority.

Saying the U.S. dollar will stand tall because of a "strong" U.S. economy is a fantasy, because the U.S. economic statistical methods are fraudulent and designed to show the best face, rather than reality.

In the end, you have it completely backwards; the U.S. economy and GDP is entirely dependent on the dollar's reserve status, the dollar is not valued according to real GDP. And, that reserve status is entirely built on faith, nothing more. Once the dollar loses that reserve status amongst the major economies as has already begun, GDP will collapse, CPI will skyrocket, and any marginal production capability we do have will crumble under the weight of inflation.

Really, the only comment you made that is based in fact is that Bitcoin is a joke. All the rest was pure nonsense.

report abuse
vote down
vote up

Votes: +6

0
Nonsense?
written by Hector L. , December 18, 2014

I NEVER claimed that data provided by the government or any "independent" source is accurate. Nor do I believe so.

If I am oversimplifying things, then you cannot see the forest from the trees and are so focused on little tiny things.

For example, you said:
"And, if GDP is so strong and true consumption is rising, then why are 90 million Americans falling off the unemployment rolls? Why are wages continually falling? If you look at the traditional method of calculating GDP used in the 1980's, which Shadowstats now applies, GDP is actually -1% annualized, and price inflation is actually at 10%."

I never said GDP is "strong" nor did I ever say "true consumption is rising". Maybe you were listening to CNBC or an Obama podcast. I could care less how these statistics are calculated, and I stopped doing so long ago.

Then you said:
"Also, what does the U.S. really produce except toxic debt securities, or just debt in general? You have to have a real manufacturing base IN COUNTRY in order to claim production superiority."

The U.S. actually produces quite a bit. No doubt our ponzi debt scheme is out of control, but we do manufacture goods and particularly services, outside the realm of financial services. In fact, if your USD doomsday, "one currency to rule them all" theory is correct, and the value of the USD continues to decrease against other currencies, than the U.S.A. would become an inexpensive country to manufacture all goods, with a highly talented workforce. So, in essence, China and all of the BRICS currencies will strengthen, as will the cost of goods for production, and their citizen's standards of living. Therefore, it will be cost prohibitive to offshore manufacturing or call centers, and therefore these jobs will be brought back. The U.S. has already started to see this phenomenon in the IT sector, where Indian IT firms now employ Americans in most cities, commonly referred to as "onshoring." Now, has this been a dramatic change for the IT industry, no, and that is because of failed domestic policies. A long time ago, clothes were made in England, until they were eventually off-shored to India, because that is where the raw materials were, and the cost of labor was cheaper. Well guess what happened? The technological advancement and the invention of the cotton gin. Then manufacturing of clothing went back to England.

Back and forth, back and forth....this is why it is so important for the U.S. to maintain it's cutting edge on technological innovation, and all other areas of R&D, IN THE LONG-TERM. Are things great now? No - but blame Congress and a bad president for that. It is our educated population, and constitutional rights which maintains our economic strength - NOT THAT I AM CLAIMING WE ARE STRONG ECONOMICALLY RIGHT NOW!!! - and in the LONG-TERM, the USD will always be a safe-haven.

Again, "reserve status," "SDRs," who cares at this point. In my opinion, we are still in the "Great Recession" and NOBODY CAN STOP THE NEXT MELTDOWN, not with printing paper, or the IMF, or anything else, but The Invisible Hand of the Market. It will decide our fate, or Armageddon....

It's good that there are people like yourself out there that challenge mainstream thinking, and you sound somewhat intelligent in economics and world politics (although don't get an inflated head because you don't know that much beyond your textbooks). But at the end of the day, nobody knows what the next shoe to drop will be, and what the consequences will be. Did anybody predict $60 oil that is totally screwing Russia right now? Nope. What about China? You know, the mainland is still a Central Planning government, i.e. Communist. If their unemployment drops to certain levels, people riot in the streets, but the government censors all of it. And this is a good country be a dominant player in the world currency markets? China will self-implode via an internal Chinese revolution before China becomes a *real* problem. They're always walking on eggshells domestically...

Anyway, Zero Hedge articles are much more enlightening than this gibberish.... Have fun predicting the end, Mr. Know-It-All.


report abuse
vote down
vote up

Votes: -1

Brandon Smith
...
written by Brandon Smith , December 18, 2014

@Hector

1. You cite "GDP" and the U.S. as a "leader of innovation" as one of your primary arguments as to why the dollar will remain the world reserve, so yes, you DID claim accuracy of government reported data, if you are referencing GDP. Did you read your own post?

2. You stated:

"What matters is U.S. GDP, or potential GDP, and as long as the U.S.A. leads the way with technological innovation, and R&D, the USD will remain the world's reserve currency no matter how many whatever-lateral trade agreements signed. Because at the end of the day, the smart money will shun whatever-lateral trade agreements for the output of the largest economy of the world..."

If you are going to cite U.S. GDP as a supporting argument for why the dollar will remain the world reserve, then you should at least understand what the real GDP situation is.

3. You claim the U.S. "produces quite a bit". What exactly do we produce "quite a bit" and how does this compare at all to the manufacturing levels in a nation like China?

4. China has already shifted to a more consumer based economy, they have manufacturing AND consumption under one roof, not to mention numerous bilateral deals with other nations. Why would they need to buy goods from the U.S.? We heard this same snake oil con back in 2008, and we have yet to see manufacturing make any solid comeback.

5. Show me the numbers on the increase in "IT services" employed by India in the U.S. compared to the millions of jobs the U.S. has already outsourced to India. You are truly grasping at straws.

6. The USD is only a safe haven today because of its WORLD RESERVE STATUS. Again, since your GDP argument is clearly faulty, explain why the dollar will retain such status when the rest of the world is moving away from it?

7. Actually, numerous alternative economists have been predicting deflationary symptoms just before stagflation kicks in. The drop in oil is not surprising. What will surprise most people is the fact that it is temporary, and we will see oil prices skyrocket again as the dollar loses petro-status.

8. It's amazing that you are willing to acknowledge that China hides it's own economic instability, but for some reason you seem to think that the U.S. dollar will thrive as a safe haven despite all the economic lies spread by our own government. You have an obvious bias in favor of the dollar. I can only speculate as to why.

9. Finally, THIS article WAS published at Zero Hedge. They publish all of my articles. I never claimed to "know it all", but it would seem I certainly have a better grasp of the facts than you do.

report abuse
vote down
vote up

Votes: +9

0
US and China Working Towards Global Governance
written by Rodster , December 19, 2014

Part 1

https://www.youtube.com/watch?v=HPjqTQQZvvA

report abuse
vote down
vote up

Votes: +0

0
@Brabantian
written by average jagoff , December 19, 2014

What you're saying sounds like a propaganda setup for a ritual sacrifice of Putin. I've noticed the Western press broadly circulating the idea of a "palace coup" as well.

The bottom line is what Russia ends up doing. If they join the BRICS NWO, they are doing the Rockefellers' bidding. If they detach from all regional and functional international arrangements and stand alone, then they are truly emerging from the NWO.

On the idea of sacrificing Putin, you might want to have a look at Update 2: http://redefininggod.com/2014/12/gone-on-vacation/

report abuse
vote down
vote up

Votes: +0

0
worthwhile link
written by link , December 20, 2014


For another excellent source that encompasses this point of view check out Michael Noonans site.
His most recent article is spot on in its analysis.

http://edgetraderplus.com/market-commentaries/gold-and-silver-nothing-is-as-it-seems-and-no-respite-for-pms

report abuse
vote down
vote up

Votes: +0

0
SIGH, the "international central banks" again
written by Samantha Atkins , December 21, 2014

Blaming any one group for the massive world wide lack of economic sense and basic rationality across much of politics is absurd. It will do nothing but pick a different and largely fictitious as primarily causative group to blame. Good Luck with that.
report abuse
vote down
vote up

Votes: -3

Brandon Smith
...
written by Brandon Smith , December 21, 2014

@Samantha

It's rather hilarious that people like yourself still believe the economic situation is a purely random and specifically blameless affair. Despite the massive amount of concrete information available and given that proves that central banks and the financiers behind them have caused every major fiscal crisis for the past century, your ignorance has the power to mesmerize you into rationalized apathy.

What is truly absurd is your inability to process the hard data right in front of your face. Instead, you have chosen to shrug it off pretentiously and make snide and ultimately hollow pronouncements. If you believe there is no organized central banking effort, and if you believe these people do NOT work together to move economic events, then you will have to confront ALL the evidence that says they do, rather than lazily and incompetently dismiss the evidence without explanation.

Try starting with the article 'Ruling The World Of Money' published by Harpers Magazine. Explain how the Bank Of International Settlements is not a cabal of bankers manipulating money and markets...

report abuse
vote down
vote up

Votes: +6

0
BRICS Bank vs. IMF/BIS
written by ottomatik , December 22, 2014

Brandon thanks for the constructive viewpoint.
As a few have indicated, you share a decent amount of parallel conclusions with JC.

While I share your predictions for loss of Reserve Currency concerning the USD, I find your conclusions on SDR's and the IMF problematic.
1. It seems clear negotiations for representative proportions and votes will not materialize.
2. If the BRICS must build and International Bank, replete with Trade Agreements/Settlements to force the issue, why would the need the IMF/BIS/SDR and all of the negative baggage attached ?
3. Would in not be more benificial for the BRICS to expand their inclusion to SCO and the named Associates in launching a new international financial agreement similar to Brenton Woods cemented by the new BRICS Bank?




report abuse
vote down
vote up

Votes: +0

Brandon Smith
...
written by Brandon Smith , December 23, 2014

@Ottomatik

1) How do you figure? Even if your opinion was correct, a lot can change by next October.

2) Because they are OWNED by the international banks. Just check out Corbett Report's excellent overview entitled 'China And The NWO'. For some reason people simply can't handle the idea that the Eastern central banks are just as controlled as the Western central banks. I don't understand the embrace of the fantasy. Russia has always been a foil for the global banks since the Bolshevik Revolution (Antony Sutton's world proves this beyond a doubt). Why would anything be different today?

3) The IMF and numerous elites HAVE been calling for a new Bretton Woods-style agreement. The BRICS bank is nothing but a distraction from the real goal, which is inclusion of all developing nations under the IMF.

Ultimately you are asking the wrong questions. You should be asking why, if the East is so opposed to the western oligarchy and money powers, are they so intent on calling for the IMF to become the defacto administrator of a centralized global economy and currency system? Why has Putin called for this on multiple occasions? Why has the Chinese central bank?

I have yet to hear a rational or concrete explanation for this from anyone who actually believes the East and West elites are opposed to each other.

report abuse
vote down
vote up

Votes: +4

0
Eliets
written by ottomatik , December 23, 2014

3)" The BRICS bank is nothing but a distraction from the real goal, which is inclusion of all developing nations under the IMF. "
How convenient. Are you refusing the possibility that there will be violent paradigm shifting war, resulting in total collapse of the losers international system. If Eurasia wins is it not possible that this Institution will be the basis for the new international order with the IMF/WB and all bankrupt attachments cooped and retired as war booty, if "inclusion" fails.

" For some reason people simply can't handle the idea that the Eastern central banks are just as controlled as the Western central banks."

Huh? Of course they are, where did I post anything even close to this sentiment. The question of course is by who? Are you suggesting both Russian and Chinese central banks are wholly controlled by Rothschild elements? A monolithic banking consortium without seams? JC appears to suggest the same and seems to further purport WWIII will come as a designed hegelian distraction with the outcome a foregone conclusion.

Thanks for the response.

report abuse
vote down
vote up

Votes: +0

0
Putin
written by ottomatik , December 23, 2014

" Why has Putin called for this on multiple occasions? Why has the Chinese central bank? "

They have called for it obviously for greater inclusion, as they are underrepresented at the trough, considering strength. Why do you think they are calling for it?
Furthermore they have obviously been told, No, publicly and I assume privately, hence the split.

report abuse
vote down
vote up

Votes: +0

Brandon Smith
...
written by Brandon Smith , December 23, 2014

@Ottomatik

1) Where did I claim war is not a possibility? Did you read the article? I point out that there any number of triggers for fiscal collapse. However, ALL of them will be a distraction away from the ultimate goal, which is consolidation of the global system under the IMF, NOT the BRICS bank. Again, the BRICS bank is meaningless in the grand scheme of things, so I'm not sure why you are clinging to the idea of it.

2) Russia was bailed out by the IMF in the 1990's, and billions of dollars were transferred into the coffers of the Russian corporate elite. Read my numerous articles on Russia and the NWO to understand how their central banking system is controlled. China's was BUILT by Rockefeller interests from the very beginning of the rise of communism and Mao. Again, check out Corbett Report's excellent synopsis of China and the NWO.

3) You STILL have not answered my question - why, if the Eastern banks and governments are somehow separate or opposed to the Western money power, are they so intent on giving even MORE power to the "western" financiers through the IMF? "Inclusion"? Why would they want inclusion in a system they supposedly are ready to go to war with?

4) The BRICS have only been told "no" by the U.S. congress through their refusal to pass the 2010 reforms. This now conveniently sets the stage for the U.S. to lose its veto status within the IMF. I cover all of this in the above article so you may want to read it again. The IMF has stated time and time again it fully intends to include the BRICS in the SDR system. Again, the question is why would they want inclusion, unless they are fully controlled elements of a globalist network?

report abuse
vote down
vote up

Votes: +2

0
...
written by ottomatik , December 23, 2014

1) I agree with: If there is war, WWIII, and the 'west' wins, the IMF will be the beneficiary of a consolidated global system, as planned. What if in that War, the BRICS are able to throw off the IMF,WB, and the 'west' is put down, is it conceivable the Roth's will not be included in the next paradigm, derailing the consolidation?
3) "Why would they want inclusion in a system they supposedly are ready to go to war with? " As per Clauswitz, 'War is State Policy by other means', they want inclusion at certain percentages and privileges, if not provided, other means of acquisition become necessary. I would imagine war is final diplomacy, in which one side is put down and the other consolidates demands.
4) I read the article and others like it, I am sure the IMF wants to include the BRICS; at what percentages and privileges is still undecided and forever bickered about. Your question of why do they(BRICS) want included in a globalist network? Obvious privileges of course. If they do not receive them at required levels, there will be eventual abandonment of the IMF and its owners and the entire western banking apparatus including its behemoth debt.
Again, Thanks for the Article and taking the time to respond and discuss.




report abuse
vote down
vote up

Votes: +0

Brandon Smith
...
written by Brandon Smith , December 23, 2014

@Ottomatik

1) Why would the BRICS go to war with Western financiers when they are more than happy to work for the Western financiers? That would be like a McDonalds franchise going to war with corporate. Any war would only be used as a distraction, and would only benefit the elites, providing cover for the final consolidation. All wars are banker controlled wars.

2) The IMF already openly plans inclusion of the BRICS. This has been planned for decades. The SDR has been positioned for this shift since at least 2005. Why would the BRICS need to go to war in order to get the inclusion they have already been offered?

3) You are clinging to the illusion that the BRICS are somehow separate from the IMF or the BIS. They are one and the same entity. Are the tentacles of an octopus separate entities from the animal itself? No. You'll never understand global events until you understand that central banks are ALL a part of the same animal. They don't need to demand "privileges" from the IMF - they ARE the IMF. Everything else is theater for the masses.

report abuse
vote down
vote up

Votes: +3

0
Is the US too big to fail?
written by mossmoon , December 25, 2014

Hey Brandon, I was wondering why you are so sure the USD will be dumped when the yuan is added to the SDR basket. Is it not possible that the new SDR system supports the USD in a more multilateral framework as JC Collins is suggesting? I ask this because though I agree with your analysis, I wonder if it's not possible that it's the best interests of China to keep the US from totally collapsing. I'm trying to figure out how they could keep the US 'afloat' for another 10 years.

Otherwise, the plan seems to be to turn the US into basically a resource extraction play, with a slave labor force, police state, and a so-called 'steady-state' economy, 100% managed from the top of the pyramid, as consumption moves to Asia.

Yes, the US economy is a fraud on fundamentals. They've been floating the system on the ether of repo loans until all the ducks are in a row, but what prevents them from floating it another 10 years, or at worst slowing ratcheting down the US economy by rolling the debt over into SDR?

report abuse
vote down
vote up

Votes: +0

Brandon Smith
...
written by Brandon Smith , December 26, 2014

@Mossmoon

That is not what JC Collins is suggesting as far as I can tell. If you can show me an example in which he claims the dollar will thrive, then I'll be happy to take a look at it. If that IS what he claims, then I'm afraid I would have to wholeheartedly disagree.

Again, it is not in the best interests of China for the U.S. to collapse - it is in the best interests of the GLOBALISTS for the U.S. to collapse. The decision is not up to the Chinese or the BRICS; it is up to the international banks, the BIS, and the IMF. According the The Economist article 'Rise Of The Phoenix', their goal is for a world currency system by 2018. They would need some considerable financial turmoil over the next three years in order to reach that goal.

I would be happy to accept the idea that the U.S. economy could be floated for another 10 years if someone could show me how such a thing is possible. The economy is not a fully controllable apparatus. Real supply and demand cannot be manipulated, they can only be hidden, and not for very long. The elites seem to be attempting to hide the true numbers until they are ready to pull the plug on the system, and when they do, they hope they will have a decent scapegoat waiting in the wings. However, they cannot control visibility of the collapse for much longer. We have already seen glimpses in October and December with the markets losing over 1000 points in the span of a week. Such volatility indicates future implosion in the near term, not 10 years from now.

report abuse
vote down
vote up

Votes: +1

0
...
written by mossmoon , December 26, 2014


He's suggesting something like the 1970s for the US dollar. Fifty percent devaluation over the next few years. It's all very neat and tidy. I appreciate Collins but he is really cheering for this thing to transition smoothly as he fears if the bankers cannot continue to expand debt globally, there will be no use for people from their point of view and thus depopulation will be the agenda. (I think if you take a good look around you can surmise that it's already begun.) I don't know how the USD isn't radically devalued against the SDR which will mean a vicious cycle of cost-input inflation, rising rates thus real estate adjustments, etc, etc....

And as you implied with supply and demand, the bottom line is of course energy. We are clearly at a fixed energy pie. In the new zero sum energy game, increased consumption from Asia will mean decreased consumption in the US. The bankers have enslaved the West over the last hundred years with energy-driven debt-fueled consumption, and over the next hundred they will pillage the savings and future time and labor of the East and will need more and more energy to do it.

Pile all this on top of being at the end of the 4-6 credit cycle, which surely the bankers use to their advantage. They pegged the price of oil at $100 for over three years, just under where it would accelerate the crash of the US economy, and now the now the shale numbers are in and they don't have enough to to turn over another cycle, so the mad scramble for what's left begins in earnest.

What does the US economy look like on 10-12 mbpd? There's a good reason that the "growth" industries in the US are security and sick care.

report abuse
vote down
vote up

Votes: +0

0
how to avoid
written by mossmoon , January 09, 2015

I have seems the signs, hear the talk, & etc. I just can not find what to do with my cash. I worked too hard saving just to have it lost. People say gold, silver, property & secure stocks. I would think stock are risky. Property requires maintenance, taxes paid & other expenses. Gold & silver bulky & hard to hide as well as having a volatile value.

PLEASE, someone with a crystal ball advise us. I am lost & scared to death. The nation is almost lost

report abuse
vote down
vote up

Votes: +0

0
Banning Gold is inevitable
written by David MacKAY , February 25, 2015

It is only to avoid outright panic that the inevitability of a coming international ban in the trading of gold is not reported.
The IMF and FED know that the only way to ensure a a forced trust in the single one world currency will be to ban gold as a commodity of trade and to ban gold for being any kind of hedge or fallback.
Gold has been banned in the US via "low tech" controls during the Franklin Roosevelt presidency. Think for a moment how easy it will be to completely ban such trade or ownership in this "high Tech" age. Especially easy will be the payment/reward to informers who expose those that hold or hord gold. FATCA wil ensure that Gold hoildings are identified wherever they may be the wold. Socialist Governemtns of the EU are already in agrrement to craft their own versions of FATCA.
This is after all about the ultimate financial disarming of the middle class world wide. The ultimate feudal two tiered system. The haves vs the have nots.



report abuse
vote down
vote up

Votes: +0


Write comment
smaller | bigger
 

busy