The Algorithmic Central Bankers
By JC Collins
Algorithm By JC Collins
The Senate Foreign Relations Committee voted today to include the 2010 IMF Reforms in the Ukraine aid bill. It will now go to the Senate for vote.
If it passes there it will then be required to pass in the House of Representatives.
It is assumed that all of this will have to transpire by end of day Friday, which is when Congress goes on a short recess.
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Additionally, the referendum over Crimean annexation takes place this weekend. The United States will surely want to make a statement before then.
The bill also includes weak sanctions on both Ukraine and Russia for violations of human rights against government protestors. This is merely for distraction purposes.
With Europe slowly and quietly sidestepping in Russia’s direction, and Ukrainian officials themselves stating that there will be no response from them over the annexation of Crimea, this whole charade is beginning to have the same feel as Syria 2013.
Let’s watch for the slow withdrawal of this matter from the media as the slight of hand directs our attention away from Ukraine and towards another hot spot revolution or sovereign debt crisis.
Its not clear yet if the Internal Revenue Service’s proposed rule governing 501(c)(4) groups was included in the same bill. This proposed rule has been attached to the IMF 2010 Reforms up until now and there is no reason to think that it still isn’t.
For those who don’t know yet, this IRS rule change will severely restrict freedom of speech in America in staggered time segments leading up to elections. It will prevent non-profit groups from expressing opinions on politicians before elections.
What the IRS and Treasury have to do with the expression of political opinions is one which should unsettle most Americans. See comments sections of SDR’s and the New Bretton Woods – Part Nine.
There is very little information or attention given to this proposed IRS rule change, which I find surprising considering the volume of web based political dissent taking place right now against the US government.
Perhaps some sites are not what they profess to be. I will leave this area for others to research as I’m more focused on the IMF Reforms and the coming changes to the world financial system.
Once the IMF 2010 Code of Reforms are passed we will hear very little of it in the media, if any. The shift or de-pegging of the worlds currencies and commodities from the US dollar and to the Special Drawing Right of the International Monetary Fund will be well hidden within the “solutions” to the sovereign debt crisis in the world.
The television will bombard us with opinions and pointless debate on how the governments of the world have been irresponsible with debt creation. Not once will they explain how debt creation actually works and how capital is injected into the economy.
A pattern I see unfolding over the coming years is one where an opinion of flawed governments is pushed upon the masses and the importance or economic genius of central banks is peppered about like so much other idiotic office banter.
Governments will be blamed for the sovereign debt and currency crisis and central banks will be kindly referred to as the solution providers. Watch for the social status of central bank leaders to increase across all media forms.
The so called crisis in the Ukraine is a perfect example of the Hegelian Dialectic Triad of problem/reaction/solution which we have been discussing on this site. What we are beginning to see is a multi-level micro and macro Hegelian approach to implement the new multilateral financial system.
We will shortly move to the next crisis and solution. Watch for the trend of sameness in the solutions. It will always be further centralization of the system at the macro level.
Interestingly enough, we will also begin to see more of the decentralization at the local micro level. This will ensure a balance of both macro and micro levels of the emerging system. The attempt is to restrict or self-limit the wealth transfer activities of the rent seeking elite.
I would suggest readers have a good understanding of the previous articles on this site in order to fully grasp the complexity of what we are stating here.
This balance between micro and macro to restrict corruption will most likely only be temporary as a “corruption of the process” is a natural component of the human condition.
As with any new system, there is an algorithm or code which makes up its invisible structure. As perfect as we make these codes, they also eventually corrupt.
The new multilateral financial system and its SDR pegging component must have one of the most incredible algorithmic codes ever written. It must have taken years and countless minds to structure its intricacy and complexity. This we can reason as a logical extension or required skeleton of any new financial system.
Think back on last year and all the stock market system faults and glitches. Think of the length of time it would take to install this algorithm onto specific servers and run real time tests to ensure functionality. Think of how all the stock markets are being purchased by ICE. Think further consolidation and centralization.
As we are obviously getting closer to the implementation of this multilateral system, I would question the significance and coincidence of 20 employees of the company Freescale Semiconductor being on the Malaysian Airlines flight that is now missing.
Additionally, most, if not all of the banker “suicides” which have been taking place over the last few months have involved individuals who were directly involved in IT departments or other algorithmic points of contact within their respective banks.
My intention is not to promote conspiracy theories or distract away from the main theme of this site, but only to draw attention to a very interesting side piece to the implementation of this emerging multilateral system. Life has taught me that coincidences are usually anything but that.
As always, lets keep our eyes in the 2010 Code of Reforms. - JC Collins
CONTENTS 60 Page PDF
Executive summary 6
Section 1: Overview — The new centrality of central bankers 10
Section 2: Lessons from recent central banking history 20
Section 3: The new risk landscape for central banking 28
Section 4: Conflicts, accountability and independence 33
Section 5: Macroprudential supervision 37
Section 6: Central banks in a new environment 41