The Arcane SDR Supra-Macro Asset By JC Collins -- Q & A With Reader Comments
Daneackerman: Excellent works JC! Its amazing the way you have brought everything together.
So the masses will tread on just like it will always be for reasons we have discussed here before. But how about the shards that rise up out of the masses such as the phoenix rises from the ashes….what can those people look to? Are there mechanisms in place to account for them?
So far this journey has been like stepping away from the crowd and watching the show. It’s kind of surreal the way you have walked us through this process. No matter how it works out we sure are lucky to have lived through this time in human history. Thank you.
deejj87 “Massive USTreasury Bond dumping in progress, so far kept out of news. But it is evident with bulges and distortions in other arenas. A gigantic funding of BRICS central bank is in progress, in addition to vast gold sourcing for the same BRICS central bank…
Therefore conclude that USTreasury Bond dumping by Eastern nations and Gold thefts by the USGovt are prevalent, but hidden. The breakdown is well along, but hard to detect.”
” Further proof of the validity of the split Dollar to come is the denial by Karen Hudes, who never stopped collecting a paycheck from the World Bank after all.
The past report of her departure from the venerable hegemony outpost at WB was false. The constant is that bankers lie, and so do their hired guns under employ.”
Rick Shade it is depressing, if and only if…there are no other alternatives….and there are…. awesomely wonderful things ahead http://www.jw.org
daniel grig (@gelingrig): Mr Collins, for me is one of the best articles he has written. Congratulations and that will give us in the future many more like this.
For those who still dream of Russia and China, and think that they are free of the BIS-IMF claw.
2013-06-12 12:25:00 The Central Bank of Russia.
“The branch of the Central Bank of Russia was held December 02, 1990, when Boris Yeltsin signed a law”on the Central Bank of the Russian Federation (Bank of Russia)”(Federal law of 12.02.1990 № 394-1).” December 20, 1991 the State Bank of the USSR was disbanded and all its assets and liabilities, as well as the property of the RSFSR were transferred to the Central Bank of the Russian Federation (Bank of Russia).
Several months later, the Bank has been renamed as the Central Bank of the Russian Federation (Central Bank of Russia).
In this article, it is considered and explains the Federal law “on the Central Bank of the Russian Federation (Bank of Russia)”, taken from the official website of the http://www.cbr.ru. Central Bank.
In ell study of this law, we can see that the central bank operates independently of the State, in general, it is not controlled by the State and would not respond to the State. It sounds incredible, but true. And that he will now analyze.
Therefore, the analysis of the federal law on the Central Bank of Russia, you will learn the following:
-The Central Bank is a legal entity separate from the State;
-The exclusive right to issue cash and organization of the movement of cash only is the Central Bank of the Federation of Russia;
-Without the permission of the Bank of Russia, State can not dispose of property and especially currency reserves;
-The State is not responsible for the obligations of the Central Bank of Russia, and the reverse.
-The Bank of Russia has the right to seek the protection of their interests in the international courts, foreign Governments and courts of arbitration;
-The Bank of Russia in the financial sector may impose directives, regulations and instructions that have to comply with, public administrations, companies and individuals, and each must comply unconditionally.
-The Bank of Russia may not grant loans to the Government of the Russian Federation, but are allowed to lend to the economies of other countries;
-The Central Bank of Russia has no obligation to comply with the orders of the President, the State Duma, the Ministry of finance or any other Government.
-The President of the Bank of Russia is almost impossible to dismiss until its mandate, has not expired even if not underway properly their work or simply refuses to obey orders of the Government.
(Now comes the more strong, the most incredible).
-The IMF (International Monetary Fund) – is the only organization whose instructions must comply with the Central Bank of Russia.
Now we are going to proceed directly to the study of the own articles of law on the Central Bank to ensure that all of these theses are true.
Situation, objectives, functions and responsibilities of the Central Bank of the Russian Federation (Bank of Russia) are determined by the Constitution of the Federation of Russia, this Federal law and other federal laws.
Functions and powers conferred the Constitution of the Federation of Russia and the present Federal law, the Bank of Russia, regardless of other federal bodies of State power, bodies of State power of the subjects of the Russian Federation and local autonomy.
The Bank of Russia is a legal entity. The Bank of Russia has stamped with the emblem of the State of the Russian Federation and its name.
Location of the Central Bank of Russia – Moscow “.”
This article indicates that the Central Bank no may issue money only what is written in the Constitution (article 75, paragraphs 1 and 2), but has all the other functions and competences independently of other powers of the State.
On the other hand, the Central Bank is a private entity, i.e. This is not a State-owned bank. Despite the fact that the “Bank of Russia has stamped with the emblem of the State of the Federation of Russia” in Russian emblem of the provisional Government of 1917, which once again reminds us of the absence of national identity of the Central Bank.
Social capital and other property of the Bank of Russia are federal property of Russia. In accordance with the purposes and in the manner established by this Federal law, the powers of possession, use and disposition of the assets of the Bank of Russia, shall be exercised by the Central Bank of Russia
including the reserves of gold from the Bank of Russia.
The seizure and the assessment of the property without the consent of the Bank of Russia, is not allowed unless otherwise provided by federal law.
The State is not responsible for obligations of the Bank of Russia, and the Bank of Russia – the obligations of the State if these obligations are not taken or unless otherwise specified in the federal law.
The Bank of Russia carries out their expenses with their own income “.”
This means that the State owns the property (building, desks, equipment, etc) and the share capital of the Bank of Russia,
but without the permission of the Bank of Russia, that it is a private entity, the State not available property
and above all the gold and currency reserves, tells you that the next part of the article: “cannot take assessment of property without the consent of the Central Bank of Russia, unless otherwise provided by federal law.”.
The following is more fun. He says that “the State is not responsible for obligations of the Bank of Russia and the Bank of Russia – the obligations of the State”, i.e. again stressed that the Bank of Russia and the State are independent one from the other, and none answer on the other.
“. Article 4.
“Bank of Russia carries out the following functions:”
Consider only certain paragraphs of article 4.
“1), in cooperation with the Government of the Federation of Russia develops and implements a single monetary policy of the State;”
Once again clarified that the Central Bank of Russia, develops and implements a single monetary policy of the State in cooperation with the Government of the Federation of Russia, and which do not comply strictly with the order of the Government.
“(2) it is the sole issuer of cash and organizes cash management”;
Monopoly – it means the exclusive right to issue money in cash and the Organization of the movement of cash has only the Central Bank of Russia. And we have the same registered in the Constitution (article 75, paragraph 1).
Note (remember who is behind the central banks of all countries. This BIS (the Bank for international settlements) that works in pair with the IMF as instruments of control and financial monopoly).
“The Bank of Russia has the right to apply to the courts in the manner prescribed by the law of the Federation of Russia.
The Bank of Russia has the right to seek the protection of their interests in the international courts, foreign Governments and courts of arbitration “.”
Turns out that the Bank of Russia, if you don’t like something, may at any time request “to protect their interests” (and, optionally, will be the interest of the Russian people and State) to an international tribunal. International Court of law (article 15, paragraph 4) takes precedence over the Russian court.
Therefore, if the interests of the Central Bank and the international organizations are the same, but do not coincide with the interests of Russia, the Central Bank, as expected, it always wins in all courts. This means one thing, that international law is monitored Russian economy.
“Article 7. Bank of Russia on matters of its competence under this Federal law and other federal laws, published in the form of directives, regulations and instructions of the obligatory regulations for federal authorities, State authorities of the Russian Federation and local authorities, all natural and legal persons… ”
Here is just a part of article 7, but it is enough to understand the essence of what was said.
Article 7 of the Federal law on the Central Bank, said that the Bank of Russia in the financial sector may give directives, regulations and instructions what do as the Governments of the States and the companies and individuals, and everyone has unconditionally comply.
That is, again stressed that the financial sector is the Commander of the Central Bank of Russia, and not the Russian Government.
“Article 22. Bank of Russia may not grant loans to the Government of the Federation of Russia to finance the federal budget deficit, to buy securities from its initial location, except when it is provided by the federal law on the federal budget.
The Bank of Russia will not grant loans to finance the budget deficits of the funds of the State budget, budgets of the Russia Federation and local budgets “.”
Very often you can find the opinion that if the central bank is separated from the State, is the purpose of the standard – so everyone accepts. Here, the example we are us.Where the Federal Reserve system also works independently of the State. However, in any civilized country in the world, including the United States, the central bank has the right to their country’s economy.
JC Collins: Great addition Daniel. Thanks for compiling the information.
daniel grig (@gelingrig): Hello again Mr Collins, Yesterday did not put all the article recompiled by haste or lack of attention. Here follows:
“Article 22 of the Federal law on the Central Bank shows that if the Russian Government does not have enough money, not you can take a loan from the Central Bank, as it does, for example, the reserve Federal of the United States.UU. in his system, but at the same time, the Central Bank of Russia is allowed to lend money to other economies of other countries.
Note (is evident the conditions imposed by the BIS-IMF Bank Central of Russia, the Russia Federation, is worse than in the U.S., that clearly stipulates that the B.C. of Russia, has projibido to lend money to the Russian State).
Therefore, in the study over the federal law the Central Bank, we can conclude safely that the Bank of Russia and the Russian ruble is not state-owned. But if the Central Bank does not belong and is not subject to the State, then, who is his master?
As you know, Russia is a member of the IMF. As a result, Russia has signed an agreement with the IMF, which should be carried out without conditions. The law on the Central Bank and it is written:
The Bank of Russia carries out the following functions:
182) is the custodian of funds for the International Monetary Fund in the currency of the Russia Federation, has operations and transactions referred to in the articles of agreement of the International Monetary Fund and the agreements with the International Monetary Fund;
The central bank manages «cash conversion» of the ruble emission mode. This is necessary because no country – member IMF is obliged to provide an exchange of only once in the total volume of its national currency by dollars and pounds of its own reserves. At any time, this rule should be respected…
That is the entire Russian economy artificially placed in direct dependence on exports of natural resources. [This section of the book "the nationalization of the ruble. On the way to the Russia freedom "." I recommend this book to everyone. All citizens aware of Russia is of vital importance know what is written in this book.]
But how did it happen that main economic centre of union, is not controlled by the State? The decentralization of the branch of the Central Bank of Russia was held December 02, 1990, when Boris Yeltsin signed a law “on the Central Bank of the Russian Federation (Bank of Russia)” (Federal law of 12.02.1990 № 394-1).
December 20, 1991 the State Bank of the USSR was disbanded and all its assets and liabilities, as well as the property of the RSFSR were transferred to the Central Bank of the Russian Federation (Bank of Russia). Several months later, the Bank has been renamed as the Central Bank of the Russian Federation (Bank of Russia). This is how Russia under democratic slogans are deprived of economic sovereignty.”
Do such as Russia, the tractor, the leading independent of the BRICS, toward a new system clean and separated from the old system?
In the alternative media people are excited about Brics, and believe that RT (voice of Russia) is the medium that most distorts reality authentic.
Mr Collins, we need you healthy :) so you can move forward with this life and this blog.
I would say that if you have any health problems you can contact me. Treatment for you for free. I am a naturopathic therapist and I know very efficient methods for almost any disease even to cancer.
JC Collins: More great information Daniel. Thanks for the continuous support and added information. Very valuable.
D Mac: Hello JC and tribe (if I may…) Just out on Zerohedge…. Curious how this all plays into movement closer towards SDR?
Not even we anticipated this particular “unintended consequence” as a result of the US multi-billion dollar fine on BNP (which France took very much to heart).
Moments ago, in a lengthy interview given to French magazine Investir, none other than the governor of the French National Bank Christian Noyer and member of the ECB’s governing board, said this stunner at the very end, via Bloomberg:
NOYER: BNP CASE WILL ENCOURAGE ‘DIVERSIFICATION’ FROM DOLLAR
In other words, the head of the French central bank, and ECB member, Christian Noyer, just issued a direct threat to the world’s reserve currency (for now), the US Dollar.
And, the biggest irony of all is that in “punishing” France for dealing with Russia, that core country of the Eurasian alliance of Russia and China, the US merely accelerated the graviation of France (and all of Europe) precisely toward Eurasia, toward a multi-polar (sorry fanatic believers in a one world SDR-based currency) and away from the greenback.
JC Collins: The multi-polar will likely to be a necessary and temporary stage toward the multi-lateral supra-sovereign currency. In fact, the multi-polar will be the catalyst for the supra-sovereign currency, but will remain relevant as regional currencies, like the Euro.
At the end of the day, everything will need to be pegged somewhere, not everywhere. So it plays directly into the move towards the official SDR.
Axx fann (@fann_axx):: Thank one and all for kind words. I will always stay abreast of Mr. Collins writings. JC provides insight and wisdom in a most profound way. My words are simply “diamonds to dust” over time. We all are collectively the best in mankind. The journey is always continuous…
P.S. I hope one day will come to meet Mr. Collins and others of note, without pen…
I will humbly stay abreast w/o comment in the future…
JC Collins: Thanks Axx. Glad to know you will be staying close from afar.
Daneackerman: Glad you will be there Axx. Your comments will be missed. Look forward to that day if I am so lucky to warrant an invitation.
Neda Irani: Truth is revealed in time to those that seek it…. It is at times a wayward path, yet a simple fork in the road. Each provides enlightenment in its own way.
Mankind, along the road, is provided choice. It is the divine plan, however defined by all religions.
Acceptance and love for self exudes to all.
Ego will reject the premise. Those who have awakened will embrace it.
Hope is reflection that comes to light…
Danielbradford: J.C. It’s your contention that the Chinese Renminbi will be added to the existing four currencies in the SDR basket. Would it be safe to assume that these currencies will be “protected” by the IMF to a certain degree from economic factors in order to maintain stability of the SDR?
Is the make-up of the SDR electronic or similar to a printed currency?
You believe that we will experience future QE and excessive currency printing…does that not lead to currency de-valuation?
Will the Public SDR’s be available for acquisition by the general populace?
What are your thoughts on this theory: Advances in technology = less human time/labor (real wealth) = less transfer of wealth upwards?
You place significance on the hidden capstone. Let’s also give credence to the importance and value of the Cornerstone.
JC Collins: The currencies will in essence be protected by the IMF by way of the SDRM’s, Sovereign Debt Restructuring Mechanisms. This will, as you’ve stated ensure stability for the SDR, which is issued as bonds, but can also be simply electronic transfers.
As long as money is created through a debt based/credit system, there will be money printing. As long as wages maintain a predetermined balance with inflation, which is currency devaluation, it will matter little, outside of eventually having to reset the system once again down the road.
SDR’s will not be available for the general population. Populations will use currencies which are eventually pegged to the SDR.