Reader Thoughts On Unwinding The Bretton Woods Monetary Experiment
peter Moline As I struggle to wrap my head around this. JC does the SDR in some ways represent the Bancor?
JC Collins It would be my expectation that the SDR will transform into the bancor, or will be consolidated with another such basket to form the bancor. It will take many years yet to see the completion of this process.
peter Moline JC, Ok, thanks. I’ve come to realize that I receive the answers to my questions to JC and POM in general if I keep them short and to the point and on topic. Duh.
John John Dear Mr.Collins, Thanks again for a new free POM. However, your recent article “New Age Socialism and the End of Debt-Based Money Creation” may be still standing as a milestone of your posts. And, possible may be longer so from now on.
As well any other article on that subject may increase very high the number of visitors for your website. It may bring here many of the socialists (to call them so) who are awaiting this age.
But tell us please in more details what is your prevision of the time frame for this age of socialism ta come and to complete.
And what you understand by “socialism”. The definitions given in Wikipedia or not rigorously this type.
On the other hand, at what extent do you consider your prediction accurate, as long as we know that most of POM prediction are so. Hope this questions are right for your work about that subject recently posted in free POM. With kindest regards.
JC Collins The socialism which is to come, for lack of a more suitable word at this time, will be the consolidation of the previous versions of that particular ideology, as well as other ideologies, such as communism, fascism, and democracy.
I do not see a specific completion date as the system itself will continue to evolve along with the group consciousness of nations and the machinations of international governance through those nations. I consider this prediction to be extremely accurate.
The monetary aspect of this transmutation of the world is but one transition point. There is an alignment of monetary, socioeconomic, methods of governance, spirituality, and the creation of new thought-forms which are accompanying this birth and material manifestation of the whole. Does that answer your question John John?
John John Thanks for answer! I consider however that this an answer for many of us, not for me only. It seems to be a long term process which unfolding is hard to predict in a timeframe.
On other hand, I consider that many of your further free POMs which touch in a way or other the subject of the post “New Age Socialism and the End of Debt-Based Money Creation”, must be pointed as related to the subject, as you remember previous posts as usual.
In other words, it may seem proper to point when you will post something which is related to “New Age Socialism and the End of Debt-Based Money Creation”, to highlight it, expressly as being in concordance with the subject.
As I considered, it may bring here more and more of the socialists (to call them so) who are awaiting this age. With kindest regards.
Jean Paul Karcz The coming use of SDR for reserves is very important, no doubt, but something even more important in a way is about to come. And soon, in the weeks to come actually. There will be interest rate hikes, progressively in the months to come, and spread on 3 years or so and the short-term rates will hike from .5% to 3 or 4%. This has deadly consequences:
1- The value of present bonds will crash as the yield of new ones will be higher than present ones. If there is a difference of 3% in favour of new ones, the value of old 10 years bonds will diminish by at least 30%. We will have a bond crash (of existing bonds).
2- Stock market will crash rather heavily.
3- All bubbles will crash. Everybody who bought asset at an inflated price thanks to near zero rates will lose in value. Probably 50% and more. This will impact the stock exchange, bonds, real estate and art.
It is likely that the FED will hike rates in April or latest in June, and then 1 or 2 times more this year. This should trigger massive sales of assets, as liquidity will dry. Rate hikes will also continue in 2017, 2018, 2019… The FEDs are holding a special meeting next Monday to discuss rates.
They did in on November 26th last year, 3 weeks before the December rate hike. And this week all FED past Presidents met with Yellen, including Volcker, who in 1985-85 hiked rates vigorously.
The FED are still important as the amount of dollars is huge and it has served as reserve currency, and even more as Americans obtained from Saudis in 1973 to have oil sold in US dollars and with a 400% increase. The role of the FED will fade with the introduction of the SDR later this year after October. There is a plan for a major FED audit before this December. No surprise. They role is likely to change, the IMF taking leadership with their SDR.
Americans, with the Panama Papers, will drag most money, which used to go to tax heaven countries. People who are on the list but who were not disclosed will likely have to cooperate to keep anonymous.
Rate hikes, assets total collapse, dollar role fading from the SDR, plus maybe some black swans will give the following months a particular flavour.
John John Dear Mr.Collins, Thanks again for posting here, and allow again for a question beside of the subject of this free POM.
The purpose for questioning you is that you seem to us as very grounded and your points of view are very common sensed, and prediction accurate as well.
So, may you consider to give us a point of view how do you see in the near future a possible integration of humankind in a galactic society, as well our relation with other alien civilization.
Before laughing on the subject may we take into consideration the term “exopolitics”, which seem to be a diplomatic one, as well the scientific research in this domain provided to us by Michael Salla and Alfred Webre. Kind regards!
John John Here are some definitions (for both laughter and interested):
– Exopolitics: http://www.exopaedia.org/exopolitics
– Exodiplomacy: http://www.exopaedia.org/Exodiplomacy
John John Dear Mr.Collins, thanks again for posting, as I understand to thank you each time you accept to post comments beside the subject of your POM.
I am encouraging you to take also a short overview on the recent VT article:http://www.veteranstoday.com/2016/04/08/the-coming-shift-to-the-esoteric/
taking in consideration that in your POM website is an esoteric section.
No matter your opinion is pro or con about this questions, it comes for us as an valuable point of view, as are in all of your POMs.
Please try for us a short but consistent answer, as long as it is coming out as a nowadays concern for more and more of us.
In case you follow or you consider other websites as being accurate for this type of information, we may be very interested to learn. With kind regards.
Benny Currency diversity account. https://www.everbank.com/currencies
chaosut17 Thanks Benny ! I have researched that site in the past. A nice option to delve into currencies.
Forgot about it. I will research it again.