Economics, Free Pom
America After The Fall (Freepom)
June 15, 2016
A New Economic Reality Emerges in the Autumn
By JC Collins
On September 4th and 5th China will host a G20 Summit in the city of Hangzhou. The Hangzhou Summit represents the end of the old economic order and the birth of a new economic order. It marks the major transition point between the USD-based monetary framework and the SDR-based multilateral monetary framework.
The factual nature of this transition is bookmarked within the publications of international institutions and central banks around the world. The alignment on mandates and policy reform harness the financial momentum which has been developing alongside the growing imbalances in the international monetary system.
The road to full monetary and financial awareness regarding the effects of global imbalances caused by the USD-based framework has been a long and arduous journey through waves of economic stability and financial volatility. Along the way there have been many who have promoted the concept of a multilateral framework and the elimination of financial corruption.
Whether these objectives are achieved in the coming years is dependent upon a larger evolution of how capital is moved around the world. The role of one domestic currency as the global reserve asset has created a fertile environment for those wanting unfair advantage over mass populations and whole nations.
As such, rebalancing world wealth through a true multilateral monetary framework will move forward the lofty goals and ideals of those seeking a fairer world. But with those changes come enhanced risk of shifting sovereign control to a larger and more global ideology. Much like the individual passed sovereign status to a nation state, the nation state will pass sovereign status to a supra-national state under a mandate of global governance.
All nations under one mandate.
The Hangzhou Summit is focused on these mandates. Some of the topics being discussed include how to transition the G20 into an Economic Security Council arm of the United Nations, the UN 2030 Agenda, large scale sovereign debt restructuring through the International Monetary Fund with the utilization of substitution accounts, with a secondary restructuring taking place through the use of Collective Action Clauses.
The broader use of the Special Drawing Right (SDR) will also be at the forefront of conversation, as China begins the process of issuing SDR denominated bonds and implementing an SDR borrowing platform. These objectives are running parallel to the new SDR basket composition which is coming into effect in October. This new basket will include the Chinese renminbi and will be the turning point from which the buildup period for a global reserve asset begins.
China will also be focused on strengthening its network of renminbi denominated institutions, such as the AIIB, New Silk Road Fund, China Development Bank, BRICS New Development Bank, and the transformation of the Chiang Mai Initiative Multilateral into a regional monetary fund which is meant to be integrated within the mandates of the more macro IMF.
The new economic order will see American control of world wealth reduced in a descending sliding scale type process, where foreign exchange reserve diversification will cause geopolitical shifts on a large and active chess board. These shifts will increase in the coming years and will be sold to the American population as the strengthening of nationalism as opposed the loss of international power and influence.
A new US political trend has emerged to match the transition points of the multilateral framework. A Trump presidency is aligned with the larger objectives of the international banking interests. The corruption which has developed within the USD-based framework has manifested as corruption within domestic politics.
The existing ideologies of both the Democratic and Republican parties are reflective of this corruption. With the larger monetary changes taking place it is expected that American politics will also be transformed. The past strategies of Bush and Clinton politics have been based on the aforementioned corruption and no longer have a place within the international discourse which is evolving.
Financial and political corruption within American institutions will be semi-culled and the Trump brand will package and present America’s new international character as Make America Great Again. The untold truth of this slogan is that it aligns with the larger mandates of the multilateral transition.
Somebody should have told Clinton and other American political elites who have suckled off the US dollar.
The news media and other official channels will never openly discuss these facts, but rest assured that the American elite who have invested in the control of domestic information will eventually align with these macro mandates out of pure business interest.
America after the fall will become what it was meant to be – one nation under God. – JC