Historian notes from GET Team CC on 11/14/12 (transcribed)
HISTORIAN: There was an article that was posted in chat this weekend that came out of the China daily about the Chinese currency slowly becoming a reserve. There were major signals about currencies in the Far East, for example, have essentially moved over. Seven out of ten economies have now moved over, and they track the Renmimbi much closely than they do the US dollar and then there are other currencies elsewhere in the world, other countries that are doing the same thing.
It’s not reported very much in the Western news, particularly in North America, but it is there. There’s a lot of stuff online, all over in the financial news in various analysts that track and report for brokers of all different kinds. This is a major discussion out there right now. People have varying points for view. Some on one side of the table, some on the other side saying yes it’s going to happen, no it’s not going to happen and all this kind of thing.
The fact of the matter is it’s not merely a discussion. There are statistics out there showing that countries have moved over, and we know that for some years now, several countries have stopped using the US dollar as a reserve and they will not use it again until the Federal reserve note is replaced by a currency that is not merely printed paper.
So that is the direction of it. It’s moving more and more that way.
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I think it’s just progressing as it should. I don’t know how much farther it has to go, but at some point I think we will see the Federal note disappear. That’s my own view on that.
HISTORIAN: The other thing that I just wanted to comment on very briefly because I sit there and I am comparing where we are now compared to say where we were in all of 2011 compared to say 2012. We used to have a lot of news happening in 2011. There was new stuff everyday pretty well and definitely every week and it was substantial intel. You use to have to spend hours tracking the intel online and what came out from where as well listening to other things.
Now there is not as much. Something that most of you should understand from that it is not a problem that we are not hearing so much anymore. What it means is that in 2011 there was a huge amount of work that had to be done on the infrastructure, systems and behind the scenes logistics and organization in order to be able to prepare for a revaluation and a change in the currency systems of the world. The financial systems that run the currencies.
And essentially what it tells us now with all this less information is that they are prepared. They are ready to go and all they are looking at are those behind the scenes strategic issues that we actually have very little ability to track and follow and that is essentially how they go about shifting from one system and group of people handling things to another. We won’t hear a lot of that. We will hear all kinds of confusing stories because some of the truth will come out and then all types of propaganda will come out to try and cover up the truth and it becomes very difficult for people to track it and actually say “Gee what is really going on here”.
We don’t really need to know what is going on. The fact of the matter is that we’re not hearing anymore about banking systems having to be built. We are not hearing about all kinds of things having to be organized. We’re simply hearing people putting out one kind of propaganda of one kind or another and that tells us that all those other things are done and we’re just waiting. We are waiting for things we cannot track.
So I know it’s difficult. I’ve had chats with people who are just really tired just waiting for this to happen, but this is kind of like the last stage of a marathon. Everybody is going to be extremely tired. My view is just take a step back, hang in there and just wait and it will just run its’ course.