READER THOUGHTS & COMMENTS ON “THE SHADOW OF TOMORROW” #3
matt (@speedspirit42) JANUARY 23, 2015 AT 1:28 PM Dane- JC All these companies are all owned or managed by the same folks at the top so they are basically causing the a crisis by laying so many people off.
You could tell me its about the economics but we are in a supposed recovery, dollar strong, oil low, people have more money to spend from their checks but now massive layoffs? Too orchestrated.
Sounds like a sacrifice for the greater good but also reiterates there is no self regulating of the rent seekers only more pain and profits before fairness for the people. Did I miss something?
Fullcirclelife (@fullcirclelifeO) JANUARY 23, 2015 AT 3:31 PM Matt, it appears banking, corporate, and government institutions are all aligned in the same goal. Well, when you give one group of people(banks) the ability to create unlimited amounts of money out of thin air(QE).
They will end up eventually influencing and owning everything. Sort of like the game of monopoly. I suppose a humanity gets for leaders about the respective consciousness of the whole.
Really the SDR is just a continuation of the same system without the front of the United States and the US dollar. Just extra innings the way I see it. But hopefully this horrible monetary system will end in due time.
Daneackerman JANUARY 23, 2015 AT 2:16 PM Wow Matt. I was kind of thinking they might be connected some how but its really no surprise.
I was exploring an additional possibility that some corporations were or are perhaps gambling in the derivatives market to feed their greed, pay dividends to stock holders and such.
Since the Swiss bank move caused such disparity in the market it would seem possible that some of those income avenues would dry up hence the layoffs. In the oil market I would think that it may be a bit different though since so much seems to stem from that arena.
Of course derivatives are a complex thing to understand so I may be way off base playing out a fictional theater in my mind:)
Oknowyourenemy JANUARY 22, 2015 AT 9:34 PM J.C., if you had to suggest ONE American history book for me to read to/with my children, what might it be? Anyone else with a thought please fee free to respond as well. Thanks.
JC Collins JANUARY 23, 2015 AT 12:50 AM I would recommend a book called Lies My Teacher Told Me. It’s a great place to start.
rrelevant111 JANUARY 23, 2015 AT 2:11 AM Try a bit of logic in our crazy world. Too long to listen, but it resonates…
https://www.youtube.com/watch?v=X7rhovBK_eA The Art Of War
daneackerman JANUARY 23, 2015 AT 11:37 AM Man Ax your a tough father to read The Art of War to your children. lol. Tough love perhaps? But this reference may be a bit earlier than American history. Its a pretty good guide to doing business these days though.
Jeremy Moore JANUARY 25, 2015 AT 1:32 PM JC’s recommendation is a hard to beat as it too is in my own “home school history library”. For my own children, who are still a little young yet, I will start with “The People’s History of the United States” by Howard Zinn.
beachdude2 JANUARY 23, 2015 AT 4:54 PM JC, Great site and Post. I am struggling a bit on how the USD does not collapse. When the CB’s exchange their US Treasuries with SDR Bonds, what happens the the Treasuries? Are they just “retired” or do they flood onto the marketplace?
JC Collins JANUARY 23, 2015 AT 5:14 PM They are held on the books of the IMF. Think of it like a QE program, or liquidity exchange, USD for SDR.
The use of substitution accounts will prevent the collapse of the USD. Not to say that the exchange rate is not going to be adjusted. This could all change the longer the US delays openly participating in the transition.
beachdude2 JANUARY 23, 2015 AT 5:23 PM Thanks. So the IMF will hold our debt, giving them more leverage in future negotiations. Any insight on the ECB’s just announced QE in terms of SDRs? Is it fundamentally different in some way from previous QE programs by the FED, BOJ, etc?
JC Collins JANUARY 23, 2015 AT 5:31 PM Dripfood commented early today with this:
“JC, somewhere buried in a large article about European QE program, was a statement that the ECB would buy sovereign bonds particularly from private financial institutions. It was suggested that the effect would be that the sovereign nations would pay their debt to the ECB instead of to the private institutions.
The ECB would then transfer the interest back to the CB of that nation as dividends. That would in effect nullify much of the the debt burden of some troubled European nations and enable them to reduce their debt load.
I know we are all expecting a dramatic event, but would you deem it (remotely) possible that the respective QE’s of US, UK, Japan and now Europe are preparatory cleanup measures to an undramatic introduction of the SDR?”
That is a very real possibility. Additionally, the ECB QE is depreciating the euro even further and it already appears to not be working, as reported at the following link:
QE has been a great strategy to destroy liquidity and create the need for a new source of international liquidity and exchange rate regime. The SDR multilateral system is the obvious “solution”. Lot’s happening. Welcome to the site.
Alaskaroots JANUARY 23, 2015 AT 7:16 PM Go dripfood, go dripfood, go GO! Solutions to be celebrated, even when hiding in corners you didn’t expect. Lots of corners showing up :-)
daniel grig (@gelingrig) JANUARY 24, 2015 AT 9:56 AM J.C. to see if I understand what you say in this sentence:
“QE has-been a great strategy to destroy liquidity and create the need for a new source of international liquidity and exchange rate regime.”
According to understand the QE are pure injections of money, which will inexorably lead to high inflation. How has destroyed the liquidity through QE? For inflation?
JC Collins JANUARY 24, 2015 AT 12:24 PM That is a reasonable expectation Daniel, until we realize that QE “money” never made it into the regular money supply. Outside of equity markets liquidity has continued to dry up. I would recommend re-reading the following post:
A Tale of Two Metrics – Deflation and Why QE Didn’t Cause Hyper-Inflation.
Ozymandias3 JANUARY 23, 2015 AT 6:44 PM Mr. Collins: Since the last part of November I have not had the occasions to post as many comments on your blog as I should like due to the dramatic increases in the time and efforts necessary for me to execute my international consulting services as well as engage in my research activities.
However, I have endeavored to keep up with your posts and the accompanying comments as often as possible. Multiple cultural, economic, and political systems about this planet are rapidly becoming cracked, unglued, unhinged, and separating.
I am keenly aware that the multiple “powers that should Not be” have been and are instrumental in most of the events unfolding are present in this world.
However, I strongly suspect that the elites and their agents have initiated, stoked, and stroked so many fires and summoned such dark energies that perhaps those flames and forces are rapidly becoming out of their control and direction.
As one who engages in considerable research and the drafting of numerous opinions, technical responses, articles for publications, and white papers I am keenly aware of the labor you must exert.
Therefore, I sincerely wish to thank you for all of your labors, research efforts, and most valuable posts. I can easily read the expressions of your heart and soul within your works.
You have been and are entirely correct when you have written numerous times that we cannot change the world without raising consciousness. We are all on separate and multiple paths, but ultimately we will reach the same point. Eventually many will get there, be it at different times.
Thank you again for the expenses in labor and time that you have encumbered upon yourself. Well done. Kindly keep up the great works as much as you are able. Kindly let me know if I can assist you in any means or way. Peace Be With You. Oz
JC Collins JANUARY 24, 2015 AT 12:39 PM Thank you friend. Your companionship here is greatly appreciated and needed.
hugovictor54 JANUARY 24, 2015 AT 2:54 AM Dear J.C.: I have wondered about this “event'” for many years and now you say it is THIS year. But why now? Why not a little while from now?
Can’t the tale of recovery wait a while longer until the “global systemic crisis”? Can’t the IMF wait a little while longer for their SDR”s. Armstrong says Third quarter this year, You seem to say now. why now? Jack
JC Collins JANUARY 24, 2015 AT 12:36 PM Jack, the answer to your question is best expressed in the post itself. In all fairness, I did not say it was going to happen “now”. What I did state was the following:
“The melding of the “American recovery” CSI script and the macro multilateral CSI script will require an “event” of undetermined characteristics and methodology. Now that the “recovery” script has been closed, we can expect to see this “event” take place at any time.”
With that being said, the increasing pace of world events would suggest something happening sooner rather than later so the script can be flipped.
hugovictor54 JANUARY 24, 2015 AT 3:10 PM Dear J.C. Yes, of course you are right. Just my ole’ lawyer nature, always diggin’ for more, Sincerely, Jack
JC Collins JANUARY 24, 2015 AT 3:35 PM Keeping me on my toes friend.
irrelevant111 JANUARY 24, 2015 AT 11:36 AM Dane, Remember the immortal words from Confucius… Oops, I forgot… Be Well Brother n our dear friend JC the one that ponders…:)
Daneackerman JANUARY 24, 2015 AT 2:47 PM Lol. Thank you Ax. Laughter in this time is definitely priceless:)
jonathan1366 JANUARY 25, 2015 AT 2:02 AM Hi JC, Thanks a lot for sharing your views. You say:
This script will focus mass awareness away from the coming internal governance measures, (required to integrate America into the multilateral system) Can you please provide some example measures and sources? Regards, V
JC Collins JANUARY 25, 2015 AT 3:59 AM I would recommend reading the post The Engineering of Global Public Goods.
The integration of domestic tax reform with international mandates is one additional example of internal governance measures. Does this get your thoughts moving in the right direction?
rossa59 JANUARY 25, 2015 AT 10:36 AM I’m based in the UK and will be watching for the outcome of the Greek elections today. Then we will see whether or not there will be a Grexit from the Euro.
Putin has already offered the Greeks a lifeline and geopolitically Greece is sitting on substantial resources and could even become a hub for an extension to the new pipeline from Russia to Turkey.
Though the tensions between Greece and Turkey over Cyprus would need to be factored in.
Most in my circle of people look at Draghi (ex Goldman Sachs man) as working for Wall St possibly towards the creation of a Eurodollar once the Euro reaches parity.
His QE push isn’t due to be implemented until mid March. Plenty of time for more trouble that needs a solution to be created. For which Greece could become the ‘canary in the coal mine’.
The top 4 banks in Greece have already accessed the emergency liquidity fund because of the bank run and the Greeks have withheld their taxes this month in anticipation of today’s result.
They have been threatened with a Cypriot style ‘haircut’ if they don’t vote the ‘right’ way. So most people have taken what little they have out of the bank in anticipation of what might happen.
The Troika will have a big headache if the new Govt then tries to renegotiate the terms of their ‘bail-out’ and succeeds. Then the PIIGS will be lining up to change the terms of their own deals.
If the new Govt doesn’t succeed and defaults, their exit is guaranteed. Then all other Euro countries will be watching to see how that pans out. It’s going to be an interesting day here in Europe.
PS. My cousin works for a sub contractor for BP. Her £1.2m budget for this year is under threat. May even be wiped out altogether. The layoffs are in the pipeline (if you’ll excuse the pun) and not just at the main oil company offices.
Jeremy Moore JANUARY 25, 2015 AT 1:51 PM JC, not to be a bugaboo, as you already put so much time and effort into this site, but any time frame for more of your Primnomics piece?
Realizing that I am in a vast minority of folks who simply don’t care about money or what happens to it, I crave ideas on how to begin mrcro-economies (local level) that are more sustainable, and more fair.,
I also realize I don’t and can’t exist outside of the system in which it operates, or that a micro economy is not immune to external forces.
Basically, I wish to halt as much of my own participation in this mess as possible, and I seek to lead by example rather than talk. Really, this is just a long winded way of saying I look forward to the next Primnomics piece
JC Collins JANUARY 25, 2015 AT 2:20 PM Jeremy, I’ve been attempting to get that second part written, as well as the second part to The Grand Man. I’m not going to lie to you, I have no idea.
It depends on work, which has been crazy in the current oil environment, and on how much “transition” stuff keeps happening. All I can say is that I’m doing my best brother.
Cooper (@coopersmith648) JANUARY 25, 2015 AT 3:28 PM
Cooper (@coopersmith648) JANUARY 25, 2015 AT 4:06 PM I love reading and researching this site and all the comments from all it’s participants. This book title best explains why:
“The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations”
Thanks JC and everyone that has contributed here in this space since Jan 2014. I am a simple electrician trying to come to grips with a global shift that I have felt happening since 2010 but have struggled to see. I bought into the “conspiracies” hook, line and sinker over the years. Ugh.
By carefully revisiting every article here including everyone’s input, I feel I am slowly decoupling from that self-imposed, self-defeating “archonic” programming.
How interesting it is to find people here with a very curious ability of being able to blend economic and spiritual principles in a harmonious evolution of group contributions for greater social awareness and conscience. Bravo!
Cooper (@coopersmith648) JANUARY 25, 2015 AT 4:39 PM “Anyone who’s been paying attention has noticed that the power of the top 1% has risen inexorably over the postwar period. Their ability to shift ever more of the gains from growth to themselves has risen commensurately.”
Dani Arnold-McKenny JANUARY 25, 2015 AT 4:45 PM Article I published this morning- thank you JC D
Shadow of Tomorrow: Acts of Desperation
I have been reading JC Collins articles for a long time now- and when it comes to knowledge of economic factors- especially the SDRs (IMFs “Special Drawing Rights).
I would challenge any main stream media “global economist” to go head to head with Collins about the inner workings of global finance and the IMF’s SDRs. I may not always agree with his conclusions, but his research really is close to unquestionable.
Earlier this morning I published the article “Good Cop, Bad Cop”: The final act on the Global Stage of US vs Them In this article I outlined the main topic I will be discussing tonight on Transpicuous News, at 9pm gmt on CCN, TONE and here on RTS- after we run through the various ridiculousness of this past few days of global happenings. This is sorta like pre-homework. This article below from the Philosophyofmetrics is the next step in the game plan of the controllers.