This Q & A With Comments In Reference To Post:
U.S. Treasury Renminbi Bonds
Steve Henningsen (@Stevephenni) The only part I would push back on is, “The other scenario we hear a lot about is that gold will rise to atmospheric levels when the dollar collapses. ”
As you stated, the gold price is being manipulated and I therefore don’t think it correlates with the dollar anymore. Just look at the last few days trading with the dollar falling and the price of gold standing still.
I have found it interesting (concerning) to watch the lack of dollar strength in a geopolitical environment like the Ukraine. In the past, the world would have run to mother-dollar, as the Russia propaganda increased.
Steve Henningsen Continues; Gold will rise sharply when it becomes obvious that many investors don’t own what they believe ( a default in some manner) or as you point out, China and the other BRICs decide to take their gold marbles and start their own game elsewhere.
I just don’t see any scenario in the years ahead (anything is possible in the short-term), besides alchemy, that puts gold lower in a world of paper promises. In the historical cycle of fiat to hard currency’s and back, it would be a first. My 2 biased cents… (or 1/2 penny these days!)
Axx fann (@fann_axx) The writing is on the wall. America citizens, in general, are blind to the “Great Flood” at its door. The powers in DC are aware of it, yet fall on deaf ears.
Large companies such as Phizer, Yumbrands and others are migrating east because of the tax burdens imposed by the U.S. There is no faith in the U.S. internationally.
A prime example is the 4.5 trillion SWIFT wire transfer from Peoples Bank of China in USD deposited in BOA in Richmond in May 2006 for Abassador Lee Wanta (AmeriTrust Grp).
The U.S. Treasury seized the money unlawfully. The amount due to date because of interest, penalties, etc. has doubled that amount. Billions of USD was pledged by Mr. Wanta to countries abroad. There are serious international consequences on this one particular bank transfer.
The book Black Swan/White Hat is free to read and substantiates all research with appropriate documentation.
Mr. Collins, If you are aware of this, I would be most interested in your opinion if you chose to. Be Well JR
Daneackerman Excellent as always JC. Although I would think playing with marbles pre dates your age it does add to the depth of your wisdom and the allure of your writing.
Didn’t you mention earlier that it also took a while for the UK to realize its collapse of the pound when the transition went to the dollar?
JC Collins Yes. By the 1944 Bretton Woods agreement it was a foregone conclusion. And we played with marbles all the time as kids. The Carney story is true.
Daneackerman No way. How cool.
Susan Morris Thank you once again for a very illuminating piece.
My only ‘critique’ is that I think it is, and has been for some time, anachronistic to talk of nations ‘taking action’. To say that China bought the Federal Reserve, or JPMorgan Chase building, etc is to deny that the global corporations (that you, in fact mentioned in an earlier post) headed East and invested heavily.
I think it is misleading to talk in terms of China, or Japan or Russia, although I can understand the difficulty of finding other terms for these entities.
That’s why I keep coming back to my question, which doesn’t receive an answer: how will the SDR distribution be worked out for nations, if the companies within their borders belong to multinational corporations?
We are now witnessing massive propaganda re Nigeria, paving the way for these same corporations to move in and take over. They have surely nearly succeeded globally, and personally I think that’s why we’re nearly ‘there’ –
the Owners have nearly completed the purchase of everything, and once they do, it’s off to the races with the new – allegedly more evenly distributed but in fact completely consolidated – financial system.
And as you say, most people will not realise, but for those of us interested in semiotics, the evidence is all – and I mean all – around us.
JC Collins Susan, I appreciate the critique. As discussed in the post The Bear and the Dragon, people interpret the world through symbols, as such its beneficial to facilitate a shift in thinking by presenting new information through those symbols.
Near the end of the current post I make reference to considering who provides us with the marbles.
Countries are groupings of people, mass populations, manipulated through ideologies and cultural engineering to produce and transfer wealth.
Yes, all is ultimately owned by the same international banking and industrial interests, but that doesn’t mean we can’t breakdown the individual components for clearer understanding.
In reply to your question about SDR distribution, which is in essence SDR allocation, its difficult at this point to completely define how it will work. ‘
The variables which allocation will be based on will vary from region to region. The economic indicators will determine the quota amount of each country and based on production levels, +/- KPI numbers, the allocation will fluctuate. Not sure if this is the answer your looking for.
Susan Morris Ah, my mistake, words written here but contributed by Hugh, in ‘A False Ideological Paradigm’:
“China rose from the 30th-largest target of US R&D investment to the 11th on the back of a doubling of US affiliates in the country.
The list of companies that started major R&D activities or facilities in China in the 1990s reads like a who’s who of the CFR-nested Fortune 500 set: DuPont, Ford, General Electric, General Motors, IBM, Intel, Lucent Technologies, Microsoft, Motorola, and Rohm and Haas all had a significant stake in China by the beginning of the 21st century.
And the BRICS association that economists were wringing their hands over in previous years as a major threat to American-led western economic neoliberalism?
It was actually created by Goldman Sachs, an outgrowth of a research paper that was convincing enough that it actually caused the four nations (of the then-”BRIC” grouping) to start a political process that made the paper into reality.
Hugh: “What we need to remember is who is handing us the marbles in the first place.”
Forgive your enemies, but never forget their names. ~John F. Kennedy
Hugh “When walking through a melon patch, don’t adjust your sandals.” ~Chinese proverb
In my inbox this morning from Simon Black:
“the implementation of intergovernmental information sharing agreements from FATCA has caused many banks to simply fire their customers and increase their cost structures. Central bank monetary policy compels banks to hold certain types of assets (government bonds) over others (loans to small businesses).
[Note: FATCA enforcement is coming up, banks have just a few more days to sign up to share information with the IRS.”
This has me wondering if the implementation of FACTA may be integral prior to a GCR announcement. Will there even be an announcement as the currency revaluations forecasted simply and quietly settle to the bottom like so much sediment as they find their respective future SDR levels?
If I send Simon $395.00, he’ll tell me which banks around the world are the most stable, most secure from a potential bail-in and protect me from the evils of the District of Criminal’s FACTA.
Anyone here want to go on record as to which banks may be the safest? Anyone? Bueller? Buelller?
Hugh Pay no attention to the man behind the curtain; it’s only me, Mayer Amshell Li and the usual suspects…
Expect more of the same from our “new” faux Chinese elders driving the bus for the same shadow oligarchies; only this time donning the traditional hanfu so as not to be exposed.
My guess is that while they’re not adverse to profiting from sales of their MSG, etc., you will find few of them, if any, who care to make it a staple of their protein rich diet. Clever little buggers, ain’t they?
“The FT reported yesterday that JP Morgan has started freezing accounts, declining credit card charges, and terminating customer relationships with foreign diplomats and politicians.
All of this is under pressure from the US government to scrutinize banking relationships with ‘politically exposed persons’, or PEPs.
(Only foreign PEPs, of course. Members of Congress can bank without any problems.)
Jose Ocampo, a former finance minister of Colombia, told the FT “I had all my money frozen. I am being treated like a criminal.”
Apparently once you’re a PEP, you’re always a PEP. So banks are simply shutting these relationships down.
Talk about shi**ing where you eat!
Banks and governments are in bed with each other. And by unilaterally severing their ties with foreign politicians, the US is practically begging its former clients to create an alternative system that doesn’t rely on the US.”
godschild18 Here is just of the press:
Both videos are interesting.
Susan Morris Thanks JC for your response.
I just listened to this stimulating debate on different ways to view the world, which is what we’re trying to do here, I think? One of the guests makes the point that 90% of our daily actions are voluntary, that we don’t need to be told how or what to eat, for example by a hierarchical structure. Imagine if we all started slowly to realise that we don’t need people to make decisions for us? Wow!
JC Collins Susan, that’s exactly what we are attempting to do here. If we don’t begin to view the world differently than we will continue repeating the same mistakes.
Viewing the world differently begins with honestly reflecting on ourselves. The unfortunate part is that the majority of people are resistant to self-reflection and the system feeds on our inner deficiencies.
Hugh : The stage has been set. Actors; take your positions please!
Ole Bill Shakespeare (Bacon?) may have a promising career ahead as a prognosticating scribe; a scribbler for the ages.
Do tell; doesn’t garbage posing as “humans” eventually expire then decompose?
“Now we have the IMF, [Rothschilds] telling one country to start a civil war and capture the Eastern Ukraine. This is how the elites work, and the Nobel Peace Prize recipient, Barack Obama, is their front man, leading the charge, just like he did in Egypt, Libya, Syria, Afghanistan.
Egypt was a purely political manuever. Libya has oil, and prior to the killing of Muammar Gaddafi, that country used to own gold, which was the first order of business to ransack, just as the Ukrainian gold was the first thing to disappear, into greedy Western thieving hands.
But always remember, according to Western interests, gold has not useful value, at least not in your hands. Syria is important for Russian access to ship natural gas to Europe, and the US sees it as a threat to the petro- dollar.
Afghanistan has heroin that supports the CIA drug trade and a huge source of profitable money laundering for the Rothschild banking cartel.”
Hugh Brandon Smith busts Putin and the globalist plan for IMF dominion…
“Brandon’s article also contains a link to an illuminating Reuters story titled China pushes SDR as global super-currency, which contains this…
>>>China on Monday [in March 2009] proposed a sweeping overhaul of the global monetary system, outlining how the dollar could eventually be replaced as the world’s main reserve currency by the IMF’s Special Drawing Right.
The SDR is an international reserve asset created by the International Monetary Fund in 1969 that has the potential to act as a super-sovereign reserve currency, Zhou Xiaochuan, governor of the People’s Bank of China, said in remarks published on the central bank’s website…
“The role of the SDR has not been put into full play due to limitations on its allocation and the scope of its uses. However, it serves as the light in the tunnel for the reform of the international monetary system,” he said.
Coincidentally, JC Collins over at the Philosophy of Metrics website mentioned Zhou Xiaochuan in his recent entry titled The Last American Alamo…
“At some point throughout this process we will see the modification of the International Monetary Fund to more fairly reflect the economic reality of the international community.
The IMF will see its first non-European Managing Director, most likely the current Governor of the People’s Bank of China, Zhou Xiaochuan.”
D Mac Jim Willie’s recent insights into the matter are quite interesting. He says the IMF is a joke and broke and that the whole financial system is a big joke. Anyone have thoughts? JC? Thanks. https://www.youtube.com/watch?v=sZD1i0GbQzg
JC Collins The IMF is the only one who isn’t broke. I like Jim Willie’s work and there is much validity to what information he offers, but like many other analysts, there is no mention of the Bank for International Settlements.
For me, no picture can be complete without the BIS’s role being taken into consideration. The world has already dramatically changed more than most realize.
This will become more and more apparent in the coming months and years. I will agree with Jim on the fact that the financial system is a joke. The new SDR one will not be much different.
Unless there is a world wide revolution from the ground up by the disorganized masses there will never be a system which truly benefits humanity as a whole. Human nature dictates that ultimate outcome.
Rent seeking happens at all levels of society, its just more personified at the top.
Every financial system is designed to maintain an predetermined balance of the wealth transfer from the disorganized masses to the small organized elite. Period.
If people want to change that than they need to change themselves first. We are generations away from this ever happening. And if there was a true revolution by the masses, which is impossible, the end result would be just more of the same.
Until people change themselves, esoterically speaking, what Jim and others are stating is impossible. Human nature assures it.
Rick Shade brilliant comment JC. sometimes…the truth hurts….. Man is not capable of governing himself…. anytime someone sets himself up as a lord or king…what else would logically happen?
I find it fascinating that people continue to vote and hope for rulers that will effect change….the only change they will do is change some of the people’s wealth into their own.
What politician at any level hasn’t enriched himself at the expense of the working serfs? We don’t really own anything anymore. they can tax our wealth, and do. if you own it…they take part of it in taxes till you die.
The aborigines in Australia are free. We are not. The system we all live in….is a huge leech….
sorry I sound so negative. I see no hope in the “new” system. All they will do is take out the garbage….but the garbage can remains….
JC Collins Thanks Rick. I agree with you. What’s that saying….”the road to **** is paved with the best of intention”.
daniel grig (@gelingrig) A very good article that is very much in line of your way of seeing the geopolitics, Collins.
In fact KEN makes a reference to your article, which I have commanded him to KEN, after reading it.
matt (@speedspirit42) JC The question I have relates to your statement that SDR’s will have a value of their region so could it be that the United States could be divided into three regions as disclosed with preparations of the American Euro.
The West, Central and Eastern US? The 3 regions with different SDR values because of their natural resources? And then there is Canada and Mexico in the proposed new currency.
JC Collins I don’t see much change in how economic regions are structured at present. At least not in North America. The SDR solves the problem of merging other currencies into one.
The quota amount for each region will dependent on the economic output for sure. Will America have three regions as you mention? Hard to say. There is a manipulated buildup to the ineffectiveness of the Federal Government.
But what ever emerges as its replacement, if indeed there will be one, will be exactly what is planned. I’m expecting that we are already beginning to see the subtle shift away from governments and towards central banks as the center pin of sociological engineering.
godschild1 Besides of the reset of the monetary system, there are some weird things going on and I found some sites that are just difficult to define their agenda, really:
So much to read and ponder, and so little time.
matt (@speedspirit42) JC- As all of this massive amount of Gold heads East for a nice price and as we see the future financial strength of this region emerge what evidence is there that it is not the existing western oligarchs purchasing said Gold thru this new eastern system?
Who says its not in their hands and just a new location and away from Americans and Europeans without a uprising? Gold could see a nice shake the tree of weak hands dip before as you say an overnight event that resets its value just as all hope for preserving ones savings was given up
ozymandias3 Mr: Collins: I am intrigued to know if you sincerely believe that the Chinese Communists Leadership (aka; ChiComs) will collectively choose to remain under the control and direction of the Shylocks at the BIS via the IMF once all of the world currencies have ‘reset’ and are finally under the relative domain of the BIS.