The Transmutation Of The International Monetary System
March 18, 2016 By JC Collins
Further Confirmation of the POM Thesis
Ever since reading the George Soros book called The Alchemy of Finance I have accepted the fact that there is a deeper meaning and understanding to the process of financial transmutation. The quest for the Philosophers Stone, which is the corner stone of all alchemical pursuits, ends in failure for so many because the journey must be one which is directed inward.
The Prima Materia, which is the main ingredient of the Philosophers Stone, is not a physical substance but the formless void of life itself, which is consciously or unconsciously molded to the desires of the individual.
As such, self-awareness and self-realization are the first steps towards all transformation.
The blending of the international monetary transformation with the more esoteric concepts discussed here on POM have been suggested in numerous posts over the last two years. The reason for this is that the international monetary authorities themselves are using the same process and symbolism as the method of transformation.
Like the phoenix rising from the ashes of its former self, the new multilateral monetary framework is being built from within the collapsing framework of the old.
Reader, fellow researcher, and POM commentator Alan recently provided a link to a speech by International Monetary Fund Managing Director Christine Lagarde titled Vietnam – Gearing Up for the Next Transformation. In that speech she states the following:
“So what can you do about all this? How can you become a powerful ingredient in this recipe for economic transformation?”
“Start by transforming yourself and your environment.”
The alchemical reference is obvious and should be considered as a method of transferring a common understanding of the individual challenges and processes involved in completing the full transmutation of the existing international monetary framework region by region.
She also said:
“In fact, we are likely to see a massive further increase in urbanization in many emerging and developing economies over the next 15 years. This could require global infrastructure investment of up to $90 trillion.”
Most readers will immediately think of the POM prediction that there is a massive commodities boom coming in the next few years. It had been previously suggested that this boom would start this year, which so far could be the case, as prices of commodities slowly begin to ascend.
The infrastructure development which has to take place, not just in emerging countries, but also in the developed nations, will ensure this commodities boom.
Another reader, fellow researcher, and POM commentator Mark provided additional information with his link to an IMF article titled IMF Launches Debate on the Future of the International Monetary System.
This article was loaded with information that further confirms the POM thesis and gives us a stable footing from which to begin our own understanding of this important process in the financing of the world.
Some of the POM topics and confirmations covered in the IMF article are as follows:
The much discussed current account imbalances between nations.
The needed expansion of reserve currencies.
Ongoing capital flow volatility.
How the normalization of monetary policy will create a transition period of volatility.
The integration of the emerging markets into the international monetary system.
Regional financing arrangements, such as the Chiang Mai Initiative, and the need to work closer with the IMF. Reference the POM post titled Meet the Asian Monetary Fund.
And finally, it discusses a broader use for the Special Drawing Right, based on the inclusion of the Chinese renminbi, which has been a cornerstone of the POM thesis. The article states:
“Lastly, with the addition of the Chinese renminbi to the SDR, our membership is asking us to examine the broader use of the SDR in the international monetary system, and that’s something that we will do in the months ahead.”
This is a very exciting time to be interested in international monetary transformations. Who would have thought that such a dry topic would turn out to be so fascinating and enlightening? – JC