EXOGEN April 19, 2015 INTEL UPDATE@ 7:16 PM EST
IT HAS COME TO OUR ATTENTION THAT THERE IS A GROUP IN IQD LAND ORGANIZING A GLOBAL CAMPAIGN & MOVEMENT, TO CONTACT CENTRAL BANKERS, USA BANK BOARDS OF DIRECTORS, UNITED STATES TREASURY DEPARTMENT, FEDERAL RESERVE BANKING CONTACTS, OFFICE OF COMPTROLLER OF CURRENCY, IMF, BIS, WORLD BANK,CENTRAL BANK WEBSITES, UNITED NATIONS, BRICS, UNITED NATIONS SECURITY COUNCIL, BRETTON WOODS MEMBERS, GLOBAL STOCK EXCHANGES, CME GROUP, USA SENATORS & REPRESENTATIVES, AIIB BANK USA CONGRESS MEMBERS, AND OTHER GLOBAL ELITE VIA THEIR PUBLIC TWITTER ACCOUNTS, EMAIL ADDRESSES, TELEPHONE NUMBERS, ETC.
S3A DOES NOT ENCOURAGE ANY OF OUR S3A MEMBERS TO PARTICIPATE IN THIS CAMPAIGN IF YOU ARE INVITED TO PARTICIPATE
EXOGEN April 19, 2015 at 6:29pm
Central banking elite met today behind closed doors
By The Event Chronicle on April 18, 2015 · Finance
(Birch Gold Group) Today the financial heavyweights in the world of finance met behind closed doors to discuss the future of the global economic system.
Held in Washington, the meeting was titled, ‘Gold, renminbi and the multicurrency reserve system’.
Co-hosted by the World Gold Council, the purpose of the meeting was described on the website of the Official Monetary and Financial Institutions Forum (OMFIF) this way:
“OMFIF, in association with the World Gold Council, hosts a select group of central banks and other official sector institutions for a breakfast discussion on gold, the renminbi, and the multicurrency reserve system. Discussions are under Chatham House Rules and take place during the International Monetary Fund and World Bank Group spring meeting in Washington.”
If there’s any indication of how critical this meeting was, the European Central Bank (ECB) actually moved their scheduled meeting on monetary policy from Thursday to Wednesday just so they so they could be in attendance. You’d think that should be enough to get a few mainstream reporters asking questions. Yet the mainstream media completely missed the story.
It’s unlikely we’ll ever hear much about this meeting, as it falls under the secrecy of Chatham House Rules, yet there are some indications of what was covered by some of the world’s most influential central bankers. And since most of the media has been caught napping, we’re here to do our best to read the tea leaves.
Here’s what was likely discussed in regards to each of the three topics listed in the title of the meeting:
It’s no surprise that the Chinese renminbi is a chosen topic to be discussed as the eastern nation’s continued rise in power and influence is out in the open for all to see.
The introduction of the newly created Asian Infrastructure Investment Bank (AIIB) will further shift global power to the east and challenge the presently established western financial institutions, notably the IMF and World Bank.
No doubt the meeting will involve discussing how to incorporate the renminbi into the current systems as a means to limit its growing power.
Chinese Yuan world reserve currency
MULTICURRENCY RESERVE SYSTEM
With an increasing number of nations turning away from using the U.S. dollar in international trade, the shift from the world’s reserve currency has pundits asking, “What will come next?”
The most likely options are either the International Monetary Fund’s SDR currency basket, a gold-backed currency, or a combination of the dollar and SDR.
Every five years the IMF takes a look at its Special Drawing Right (SDR) currency basket. Currently the pool consists of the U.S. dollar, euro, British pound and yen, but later this year, it’s up for review. And considering its growing influence in the world, the renminbi is likely to be added.
When addressing whether the Chinese currency may be added to the SDR system, Christine Lagarde, head of the IMF, put it bluntly: “It’s not a question of if, it’s a question of when.”
There’s one other important currency that some have suggested could be added to the SDR. It’s one that could add much needed stability to global fiat currencies, and reinstate confidence in them…
GOLD: COULD IT BE ADDED TO THE SDR?
Lord Meghnad Desai, chairman of the OMFIF, was recently quoted as saying:
“A bit of gold” could help stabilize SDRs. “We could ask that gold be nominated as part of the SDR. That is one thing I think is quite likely to happen.”
There you have it. The Chairman of today’s meeting has openly told us that he would like to see gold added to the SDR.
For now, we can only speculate on the specifics of what was discussed behind the closed and private doors of the meeting. And with almost no one on the outside asking questions about what decisions were made, we might never find out.
But by reading what people who attended the meeting have been saying, and by looking at current trends, we can make some educated and logical guesses as to how this will play out:
It’s quite possible that the U.S. dollar could lose world reserve currency status to the IMF’s SDR currency basket. The U.S. can gracefully cede this power, or market forces may soon dictate it.
The Chinese renminbi will likely be added to the SDR currency basket. It could happen as soon as this year.
Gold, the longest-lasting currency on the world, will likely regain its right role of prominence and prestige as it becomes an essential part of the global monetary system. If it isn’t added to the SDR this year, it may very find its way there within the next decade. LINK
America, Europe Told to Work with BRICS
By The Event Chronicle on April 18, 2015 · Finance
Geopolitics: What makes this meeting in Washington DC very interesting is that it happens under the Russian presidency of the BRICS. It seems the BRICS are deliberately tapping local progressive agencies like LaRouche’s Schiller Institute to channel their own reformist ideas into mainstream platforms. More than that, the choice of where this meeting is held could have something to do with the purported transition from fiat dollar to UST bills and the change of ownership of the Federal Reserve.
America, Europe Told to Work with BRICS
(China Daily) NEW YORK – A completely new economic system, initiated by the BRICS, is emerging with extremely rapid speed, said an international think tank Thursday, urging the United States and Europe to ditch geopolitics and work with them.
“The BRICS nations, namely Brazil, Russia, India, China and South Africa, have united to pursue a policy of economic development not just for their individual countries, but for the benefit of the people of all nations,” said the Schiller Institute, a think tank with headquarters both in Germany and US, in a report released here at a seminar.
Contrary to the Trans-Pacific Partnership advocated by the Obama administration, which excludes Russia and China, the BRICS- related initiatives, including the Chinese proposed Free Trade Area of Asia and the Pacific are inclusive, the think tank said.
At the seminar, Helga Depp-Larouche, the think tank’s founder, spoke highly of the BRICS, saying the emerging-market bloc ” initiated a completely new economic system” which is win-win in nature.
In blazing a trail to build the new world economic order, the nations of the BRICS are working toward real economic development, complete with new credit institutions and major high-technology projects to lift the well-being of all participating countries, the founder said.
She also threw her weight behind a series of other initiatives proposed by China, including the Asia Infrastructure Investment Bank (AIIB) and setting up of a Silk Road Development Fund. These initiatives are aimed at seeking mutually beneficial results and not geopolitical in nature, she said.
Instead, they will boost real economy by financing the infrastructure construction, which is of particularly significant given that the current casino economy is creating a lot of bubble and increasing the gap between the rich and the poor across the world, she reckoned.
“The US government, misjudging the situation tremendously, put pressure on allies and developing countries to under no circumstances be part of AIIB,” she said.
The think tank called on the United States and Europe to abandon the destructive policies of past which led to the two World Wars and join the win-win perspective presented by the BRICS. “It is a life and death question,” the Larouche said.
Meanwhile, Executive Intelligence Review’s 370-page report, entitled “The New Silk Road Becomes the World Land Bridge,” was also presented at the seminar sponsored by EIR.
Jim Beam April 19, 2015 I have a ? For someone in the know. What will the Chinese going live with there swift alternative system do for us here in dinarland. I can't see were this helps us at all.
Mr.Virtue > Jim Beam April 19, 2015 at 3:58pm You are correct @Jim Beam, How will the Chinese alternative SWIFT system benefit us on S3A? It is a long story, but let's break it down to one paragraph:
TheChineseInterchangeSystem, or CIPS will change the way we do business on a broader scale to exchange monies without the use of approval, unforseen taxes (usury), and to pass the reforms in 2010 to allow emerging markets onto a even playing field to harness their economic resources into the rest of the planet without military build-up or sanctions.
CIPS has the resources to back emerging markets with assets of historical value bankers need to accept. Money is a fragment of our illusions.
joanna > Mr Virtue April 19, 2015 at 4:20pm good description! I THINK we've heard that the chinese are on 'our' side (we the little people in dinarland, being screwed by the nasty guys intent on robbing us.
Cosmic Consciousness > Sooooooo... What are we waiting for to scream at their ears OPEN THE GATES!!!!
Vinman > Finnick Odair Actually the system IS live already. That's how the bonds and global settlement funds are moving around the world without issues. :-)
DavidM: TNT FRIENDS ... **CHOICE** "THE POWER TO MAKE A DECISION" *YOU*, HAVE THE POWER TO MAKE A DECISION IN YOUR MIND OF THE EXPECTANCY OF THE RV CONCLUDING SOON. THE DECISION CAN EITHER BE A NEGATIVE OR POSITIVE ONE. THE *CHOICE* IS YOURS AND CANNOT BE TAKEN FROM YOU. PLEASE MAKE YOUR *CHOICE* BE A POSITIVE ONE, AND HOLD IT TIGHT TO YOUR HEART.... *NEVER* LET IT GO! ~DAVIDM~ #WEARETHEPEOPLE
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