thomas18z NOVEMBER 6, 2014 AT 1:35 AM for sharing that JC. I’m not shy to say most of what I just read is beyond me, but it’s somehow reassuring.
Daneackerman NOVEMBER 6, 2014 AT 1:44 PM Don’t feel bad thomas your not alone but the simple message still comes through. Don’t buy into all the fear and hype. Stay calm let the waters settle and simply observe the masterful plan unfold to see where you fit into it all.
Kbnow NOVEMBER 6, 2014 AT 2:31 AM The individuals who run the government( rent seeking elite and money changers) have the most to lose if the system ever collapsed.
If the dollar falls the whole system falls apart and there would be massive upheavals of governments world wide. They just want to maintain the status quo, get as much gold and silver as they can out as before it falls. The SDR is just a super dollar.
Kbnow Continues: But really, why would China want to crash the system when they have 3 trillion of reserves and can just stack all the gold and silver they want. Because remember the Chinese government is made of a few elite families that own everything(communism :-)
Of course the collapse will be liberating for the masses, but all it takes is governments and central banks to go along with a policy and the masses have no say in it.
I mean we’ve been on a bs fiat system since 1971 and experienced decreased living every year and no one has said a peep. It’s just more of the same that’s all…
If I were China I’d want the game to continue I’m on easy street, I have lots of money to buy all the crap I want every year and the US military isn’t up my butt so I wouldn’t complain and just roll along with the status quo. What is the reason why some believe China isn’t happy?
I mean the elites of China that make the decisions and have the money not the masses?
The alternative is 1 billion mad Asian people with no food and your money(reserves) is now worthless plus you now have to beat back down the masses to force a new system in place.
Too much work IMO. Debt monetary systems always fail, I just think it’s going to fail 5-10 years from now after the SDR(fiat trash) is used for a bit.
Jose Johnson NOVEMBER 6, 2014 AT 5:09 AM Thanks for sharing once again JC.
Now is there a difference in how this plays out with regards to domestic dollars versus the international dollars or that which is used to trade with other countries ?
Might the ongoing process strengthen the domestic dollars given the U.S. has about 34 % of its monies in SDRs reserved while the closest next to it is 8-11 % aka China.
I know long term it is great to have metals but does the expression “cash is king” still ring true as in the dollar on hand is king as the transition is turning its wheels?
I am still learning and as the financial system is turning just like Mother Nature turns her wheels every so slowly, i am working on learning how to adapt although not quite as efficient as the illuminated adepts that have understood nature and have evolved her processes in the mind and retort a lot faster.
JC Collins NOVEMBER 6, 2014 AT 1:28 PM The value of the dollar will be adjusted but it’s not going anywhere. The dollar denominated assets held in the foreign reserve accounts will likely be exchanged for SDR denominated assets. This is appearing to be the dollar separation which will take place.
Functionally, very little will change for American’s beside the price they pay at the store. Which has already been changing, or is constantly changing, anyway.
Safety Fishnet (@SafetyFishnet) NOVEMBER 6, 2014 AT 7:57 AM JC, This beautiful analysis shows that dollar has been used to keep countries hostage to make a swift transition to SDR, the masses were all distracted by the “yuan takeover of the once mighty dollar”.
Yuan or gold will still be added to SDR by year-end 2015 albeit making up a small percentage. But five years from now, we’ll definitely see a reduced rate of dollar inclusion in the SDR at the expense of yuan, and/or other units.
z-axismedia (@zaxisperspectrm) NOVEMBER 6, 2014 AT 8:55 AM Thank you JC Here’s some thoughts “out loud”.
Pre Emptive Risk Management impregnates the MARKIT and gives birth to:
New Economic Order…
“…D-Wave Systems Inc., the world’s first commercial quantum computing company … funding from both new and existing investors including Goldman Sachs…”
Are Banks Ready for Quantum Computing?
“…I saw the best of all the new technology there was, but I never saw anything that could potentially change computing dramatically in the entire time I was at Goldman the way quantum computing could, says Brownell, who is now CEO of Vancouver-based quantum computing company D-Wave…”
President Obama’s New Preemptive Strike Powers Target Cyber-Attackers
9 Ways Quantum Computing Will Change Everything
“…Post-trade processing provider MarkitSERV today announced that it has connected to NASDAQ OMX, in order to deliver foreign exchange (FX) trades for clearing…”
“…Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense…”
“…BofA Merrill Lynch
Deutsche Bank Securities
Goldman Sachs & Co.
UBS Investment Bank
RBC Capital Markets
“…Analytics and certain MarkitSERV foreign exchange products all use ANTLR…”
hmmm… pre-emptive Quantum analytics VIA social media data harvesting, you say? hmmm… I say, pre-meditated collusion! lol
“…In recent days, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Royal Bank of Scotland and UBS each has socked away big sums for legal expenses, much of it related to currency rate manipulation…”
Barclays Takes $800 Million Provision Related to Forex Probes
Citigroup Legal Costs Jump as Currency Probes Accelerate
Credit Suisse adds 390 million Swiss francs to litigation provisions
Deutsche Bank posts quarterly net loss as legal costs weigh
Goldman Sachs & Co.
HSBC sets aside $378m for foreign exchange probe
JPMorgan Chase In Settlement Talks WIth DOJ On Forex Probe
UBS bulks up legal reserves by $1.9 billion, discusses forex settlement
RBC Capital Markets
[...finding links got tiresome.]
Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing
IMF REPORT: Reserve Accumulation and International Monetary Stability
KEYNES REVIVAL: the “Bancor” proposal of the 1940s – useful for today?
….a whole bunch of links to paint a picture….
If we already have CSI and SPERM labouring for SDR denominated liquidity, then how long is it before “Pre-Emptive Risk” becomes “Pre-Emptive Regulation” legislating for the same noble cause..?
[the internet is a whole lot smaller than I first thought. Thanks for the 'spark' JC :)]
daniel grig (@gelingrig) NOVEMBER 6, 2014 AT 9:27 AM Also I think that the decline/collapse of the greenback has been simulated.
On the one hand have demonized the United States together as the demonisation of the petro – dollar.
It is clear that the United States as Corporation (district of Colombia, Washington) has been used as a bully in the world and the dollar as an assault tank, but
on the other hand it has magnified as “good” to the BRICS, with China and Russia on the head and has been given to the yuan an international currency prestige life-saving.
All this is to feed the ‘monster’ of the duality – the good and the evil.
The crisis and the debt has a scapegoat, which are the United States with its dollar-reserve along with Western countries and to Russia is given the role of those who saved the world.
But all controlled by the same masters who behind this geopolitical scenario, give the RESET to the system, to hold more, with the new structure DEG.
What is clear is that we have before two events that mark the future next.
One, that blocked IMF reforms were adopted for 4 years and are you Ruisa will and China more power, as officials/partners, not as bosses, IMF.
And two, in 2015 the yuan enter the SDR basket, try clear the BRICS, are not salvation but part of the same global multilateral system supported by private banking, towards a comprehensive NOM.
The lie that has been said to the Chinese (to the masses) has been that if they come in the game, your badge giving buoyancy in the international market expansion, they, the Chinese collapse the dollar and venceran to the United States.
In the end, everything is a game, and those who suffer are the masses, the population, which are the main objective – keep them enslaved to through the economy and debt money.
Daneackerman NOVEMBER 6, 2014 AT 1:35 PM Wow this is a wonderful post. This Macjik seems to be cut from the same cloth as you JC. Thank you and Dee for sharing it and boy thanks to Macjik for compiling it. It pretty much explains those nasty, easily skewed percentages/polls…. Thanks again for sharing this you guys.
Daneackerman NOVEMBER 6, 2014 AT 1:36 PM Oh and another marvelous photo:)
Daneackerman NOVEMBER 6, 2014 AT 1:48 PM JC did you pick up on the wording of China becoming another “pillar” to hold up the world economy?
Toknowyourenemy NOVEMBER 6, 2014 AT 3:20 PM So the dollar is so great it’s here to say!!! Yay!!!! But, the dollar apparatus is working so well…..we’ve got to fix it? I call ** The consequences to the man on the street will be awful. After reading this, its like saying ‘wars are wonderful ways to resolve conflicts’….embrace them!
tristero888 NOVEMBER 6, 2014 AT 4:46 PM long time lurker since the very beginning of the blog. enjoy the intelligent conversation & esoteric leanings, especially in a virtual universe that seems to have denigrated into a free-for-all l.c.d. divide & conquer atmosphere.finally posting to share this little nugget i found to supplement the research above:
On the inclusion of the Chinese renminbi in the SDR basket
looks like it was authored in 2011 but just published in Oct2014 issue of International Economics.
perfect timing no? lots of juicy stuff inside, especially for wonky math geeks. take this tidbit on pg. 20:
Without the RMB in the SDR basket, the shares of the four currencies are roughly stable over the four decades. In S2, there is a slight rebalancing from the dollar to the other three currencies due to the increase in their shares in official reserves.
Currency shares are no longer stable over time when the renminbi is included in the basket.
The fall is especially dramatic for the euro and the pound. Under the conservative scenario (S1), the renminbi reaps a 30 percent share at the 2050 horizon, against 35 percent for the dollar and 23 percent for the euro.
Under the multipolar scenario (S2), the renminbi already accounts for 32 percent of the basket in the 2035 review. In both scenarios, Table 2 evidences the building up of a tripolar monetary system, albeit at different horizons.
tristero888 NOVEMBER 6, 2014 AT 5:49 PM more clues hidden in the haystack:
note the esteemed host of that blog as well as the pastures in where the author left the blog to go to (and still remains).
also note on the 2nd link, the “****” footnote at the bottom of the post, particularly the proposal that is linked, the author, the date & the author’s position at the time.
this appears to have been all set in motion quite some time ago, much earlier than most everyone thinks. in fact, the events that appear to have precipitated this change may in fact have been the method in which to precipitate the change more hastily.
with that said, found a comment on another entry of the above blog that i find to be wise advice:
“He who blames others has a long way to go on his journey. He who blames himself is halfway there. He who blames no one has arrived.” – Chinese proverb
what (@hardtacked) NOVEMBER 6, 2014 AT 6:48 PM Lost me what happens to gold????
matt (@speedspirit42) NOVEMBER 6, 2014 AT 9:06 PM ” Not matter how many games countries play when you own the game itself it allows you to change the rules as you see fit.” JC
And this is the point a lot of Gold bugs are making that China bought the majority of Gold available, kept their own mined Gold and Silver and they are really the only game in town. They can change the rules as they see fit when they are ready.
I suspect that an offer has been agreed to as to how much bigger a piece of the pie they will be given, like Japan and Vietnam before they would show their hand.
The British with the steel marbles does not play fair so China will throw them a Blanket Party at some point. The United States will receive a awful return of Karma for al those treasonous bastards of our Government and Banks.
JC Collins NOVEMBER 7, 2014 AT 12:59 AM That’s not my quote Matt.
Gustavsaure NOVEMBER 6, 2014 AT 9:37 PM If the dollar still has as much leverage as this poster suggests, then what is the incentive for the dollar interests to sign the Code of Reforms?
George Harry Walkeär NOVEMBER 6, 2014 AT 11:15 PM Hyperinflation with pure anarchy would have been way cooler… watching people drive around in hiluxes shooting at each other, gangs, all that.