THOUGHTS ON “WHEN WILL CHINA END THE DOLLAR PEG” Part 2
Michael Glenn MARCH 25, 2015 AT 9:47 PM I would argue that the denomination in the yuan is till a derivative of the USD valuation. There may be a deal there but the USA cannot be totally cut out.
They (and the west) created the architecture going back to the beginning of Bretton Woods and the good will value in the marketplace.
We still have the USA to thank for the creation of the pricing peg (denomination in USD’s) and the pulling of the FIXED peg (valuation of $35/oz), which are two “leftovers” that we have with us today….. both ideally suited to the re-monetization of bullion with weight as the unit of account.
Debt free store of value has married with instant global & scalable liquidity …. in real-time. All are invited to “the great wedding”.
Futuret MARCH 25, 2015 AT 10:22 PM
JC Collins MARCH 25, 2015 AT 10:27 PM Futuret, I appreciate you providing links which you feel are important and wish to share with others. But please take the time to write a little something about the link, why it’s important to you, and why you think others need to know about it.
That way it will encourage open conversation and add to the overall dynamic of the group. It wouldn’t be a bad idea to also explain how you see it fitting with the theme and subject of the broader conversation. Thanks.
Futuret MARCH 25, 2015 AT 10:32 PM WILL DO. EVENTUALLY WE ARE GOING TO HAVE A DEMONIC CASHLESS PLANET, PRIOR TO THE RETURN OF JESUS CHRIST.
JC Collins MARCH 25, 2015 AT 10:47 PM Those views are welcome here. Do you think Christ returns to each of us individually, or as a whole?
Futuret MARCH 25, 2015 AT 11:51 PM DEFINITELY AS A WHOLE, AS CHRIST SHALL ESTABLISH THE KINGDOM OF YAHWEH(GOD) HERE ON EARTH.
WE SHALL HAVE A KINGDOM THAT SHALL NEVER BE PUT TO RUIN. NO EVIL, SIN, HOSPITALS OR CEMETERIES.
JC Collins MARCH 26, 2015 AT 1:26 AM Sounds like a nice place. I shall work to have my presence become such a thing. As should we all. I think most humans would want the same as you and I my friend. We encourage others by becoming the things we wish to see and the change we week. Be that kingdom now.
Futuret MARCH 26, 2015 AT 1:30 AM :):):) LOL AND LOVE TO ALL!!!
Thewayisit MARCH 25, 2015 AT 6:47 PM The yuan is looking pretty good these days. Cheap compared to the dollar. https://libertymetals.com/2012/10/asian-economies-turn-to-yuan/
Futuret MARCH 25, 2015 AT 7:57 PM
cassiefoley911 MARCH 26, 2015 AT 7:27 AM When I read articles on this sort of behaviour I get very concerned for humanity. Catherine Austin Fitts is someone who I admire and I think really helps to put things into perspective. I believe this orchestrated financial situation is only but 1 layer.
I believe there are many. When one follows the Black budget, to the breakaway civilisation, to the space program. It starts to evolve into a very dark and ugly picture.
The one thing I have come to understand is how I am being provoked. That is the key. We are being provoked into fear, into anger whether it is via financial, religion or injustices to humanity.
They use what we believe against us. Our sense of morality, our sense of decency, fairness and justice and our religious/spiritual beliefs so in the end we feel helpless and powerless. That is how they succeed.
I believe it is so important that we don’t react and we all have our own individual outlet for our emotions, that way we are not allowing them to consume us and that keeps us healthy, focused and more able to deal in a positive way with our every day lives and with those who we share in it.
Teri En MARCH 25, 2015 AT 10:31 PM JC, You’ve taught me a great deal. I’m so appreciative of your thoughts and your work. I would like to know, do you think that the U.S. will be allowed to join the AIIB?
Our government seems intent on destroying its worker bees, especially with the recent revisions to the Dodd Frank Act, which returned the responsibility of (Govt.) debt repayment, back to the US Citizens (taking it away from the responsibility of the Fed – and the banks. – per my understanding).
I just don’t see how American’s are going to weather the impending storm. Thank you.
JC Collins MARCH 25, 2015 AT 10:43 PM Thank you Teri. In answer to your question, yes, I do think the US will be allowed to join the AIIB, as it will create solidarity and symbiosis in the multilateral.
But it may not happen right away, and when it does, it will be on the terms of the rest of the world, not Americas terms. Don’t worry too much, I think Americans will be okay.
Fortunately the rest of the world cares more about Americans than Americans cared about them.
This world, with all its debt and harshness, will pass us by, but the human heart and soul is where true freedom and liberty circulate. They wait for us to recognize them once again.
Teri En MARCH 26, 2015 AT 12:27 AM Thank you, JC. My distant Grandfather was a signatory of the Declaration of Independence and I take pride in some of the principle’s held dear in this regard.
I care very much about my country, but I, however, consider myself first a citizen of the earth and not only the U.S.
I hold a small, but somewhat influential position in an investment group with a noticeable web presence, and I think you might be surprised at how many Americans are appalled by our Government’s actions abroad, and at home, and many absolutely do not support our Government regarding many of its “allocations” across the globe. However, it seems our petitions fall on deaf ears.
Throughout my time in this web-based group, I have seen Americans eyes open up to what is going on around the world, and I see Isolationism dwindling.
This state of mind is perhaps a condition of the hard economic times. Regardless. it seems, even if to a small degree, we’re beginning to awaken.
I thank you for taking (a little) pity on we Americans, for truly, it does seem often times that our media goes out of its way to avoid reporting on subjects of which we should be made aware; and for which are reported abroad. We’re gettin’ there. Thanks again, Teri
JC Collins MARCH 26, 2015 AT 1:15 AM It’s interesting that you reference the Declaration of Independence because people of that time period lived by the heart, with the mind tempered by said heart. Today we live with a heart tempered by the mind. Two different worlds.
Futuret MARCH 26, 2015 AT 1:28 AM DEFINITELY NOT MY KIND OF WORLD:
Roger Parness MARCH 26, 2015 AT 4:59 AM A pleasure to apprehend truth. Thanks JC.
Manlyhost MARCH 26, 2015 AT 12:36 AM Hi JC, I follow your blog since a year everyday. I did not comment before because english is not my first language.
I admit that i had to read your Primnomics about 30 times to get it (hope there is more coming about it).
Now everything unfolds really fast, and you were always on track. I just got one thing to say: Bravo! I hope you won’t stop because since a month, the comments post in this blog attracts a lot more of new people and it seems to be a lot more work to filter it compare to before. Has always, i am impatient for your next post.
JC Collins MARCH 26, 2015 AT 1:12 AM Thanks for the encouragement. Don’t worry, I won’t be stopping. And there will definitely be more PrimNomics coming.
David Aylward (@Aylward5) MARCH 26, 2015 AT 12:37 AM I have been reading about some of the history of the BIS and I am having difficulty distinguishing between it and the IMF.
They seem to be virtually the same type of institution sharing members and goals.
The IMF seems to be more of a political body where the BIS fancies itself as apolitical. Is simply thinking of these two institutions that way too far off the mark? The IMF as a governing body and the BIS its bank?
David Aylward (@Aylward5) MARCH 26, 2015 AT 12:45 AM And as a follow up is it all possible that the IMF, being a predominately “western” institution today, will sometime in the future be in competition with other multi-lateral institutions?
JC Collins MARCH 26, 2015 AT 1:10 AM The IMF was never more a western institution than the UN was, or is. It only appeared that way. Which is why the US influence in all global institutions will be reduced, but not eliminated.
All IMF like institutions will be sublets of the IMF, even if they are not announced as such, like the CMIM in this post. With the SDR as the global reserve asset, and unit of account, it can be no other way.
JC Collins MARCH 26, 2015 AT 1:06 AM David, you are right on the money. The BIS is the clearing house for SDR.
irrelevant111 MARCH 26, 2015 AT 1:52 AM JC, Let’s try a different approach.
We understand the possibilities w AIIB n world bank. Change is occurring at a more rapid rate.
Australia recently came on board w AIIB along w most countries.
U.S. appears to stand alone for awhile.
War continues to be something most cannot see in the true dynamic of subversion.
Those who have not fought will never know, til experiencing it.
Man is numb to the adversity of war n the pain, unless they are there 1st hand.
Food for thought as we dwell on the financial side of life… Best My Friends, Axx
P.S. Try watching ‘FURY’. Nothing has changed over time, but how easily man can kill for so-called freedom. One must wonder…
JC Collins MARCH 26, 2015 AT 1:55 AM Thanks for the input brother. Fury was an excellent movie which caught the grit and confusion of war with as much effectiveness as possible, considering it was filmed on a set.
cassiefoley911 MARCH 26, 2015 AT 6:43 AM Sorry but that’s incorrect. Australia hasn’t come on Board with the AIIB as yet. I live in Australia and have been watching for precisely that, as I think it will eventually happen.
The latest is, Abbott is still thinking about it. That was reported only a few days ago. “CEC of Australia” is where I go to be kept updated.
JC Collins MARCH 26, 2015 AT 10:54 AM It will be done by Monday.
Jose Johnson MARCH 26, 2015 AT 3:35 AM Hi JC, Do you think that all the stalling with the rate increase by Yellen with concern for 25 basis points increase in May or if delayed 50 basis points increase in October is b/c indirectly they see the handwriting on the wall
and are watching in awe as the inevitability of the multilateral system is coming to the fore while there is ongoing distractions from it on US media with a whole bunch of different conflicts and distressing circumstances?
Did it not say somewhere in revelations that their hearts will fail them for fear of what is to come and people will wail at how such a great nation will come to this end ?
Your site has clarified a very hidden large systematic change in the century that I have not been able to find anywhere else.
Cheers and godspeed. Will say the processors in your head are working much more impressively than what I am used to seeing in the general and thanks for the understanding. It is like getting initiated into true economics.
irrelevant111 MARCH 26, 2015 AT 3:48 AM All about the intensity, adversity n mans ability to overcome when in harms way. How far will one man go? Man continues to be subjected to the wayward path… Best My Friend P.S. As Putin plays so well, castle king side…:)
irrelevant111 MARCH 26, 2015 AT 3:59 AM For JC n my brothers,
Smile n grin, The Masters is arriving….:) https://www.youtube.com/watch?v=X48G7Y0VWW4
Teri En MARCH 26, 2015 AT 5:06 AM I agree, JC. I’m a Light-Worker and economic studies is new to me. It has taken me a few years of studying economics to get to a point where I can understand SOME basic principles and begin on a path of knowing which “indicators” to watch.
Your article’s provide some ease of understanding, again, for which I’m most grateful. It’s always best to come from the heart, because, you know what they say about money; “you can’t take it with you.”
estranged2016 MARCH 26, 2015 AT 3:58 PM JC, Thank you for your work. I spent plenty of time over the last couple years sifting through information trying to determine what is legitimate.
I will monitor your work and I appreciate what you do. It’s an enormous poker game being played in my view so information flows all over the place and some of it is a bluff and some is not.
If one owned historical bonds (already authenticated twice) and dong what would you advise one to do? Just sit tight and wait? Sick and tired of the million head fakes and false starts. Thanks.
JC Collins MARCH 26, 2015 AT 4:20 PM Patience is the greatest of all virtues. Hang tight for awhile longer.
stranged2016 MARCH 26, 2015 AT 4:49 PM Ok. Myanmar could be an outstanding area for agricultural investment though my understanding is that there are numerous risk wild cards currently present which I avoid. When the dong finds its real value what’s your take on the impact on surrounding nations and how long it might take to impact a place like Myanmar?
deejj87 MARCH 26, 2015 AT 6:25 PM While glancing through “the ABC of ACE”, the structure occurs to be promoting economic and policy cooperation among the members to enhance their collective GDP and median income in order to become more of a consumer driven economy.
However, JC, you showed how ACE is a subsidiary of the IMF; these countries are essentially losing their sovereignty by answering to the collective of ASEAN.
It reminds me of the GCC initiatives outlined in a paper I found from Delloitte (great resources btw) where sustainability, economic cooperation, environmental conservation, and infrastructure development are being implemented regionally.
They are also in the process of consolidating their political and economic cooperative ties, thus losing sovereignty to larger multinationals.
My thinking is, besides the obvious Agenda 21 mandates being implemented internationally under various masks, there will be regions focusing on singular economic outputs… ie.
Middle East for oil and minerals, America for industrial technology, South America for food products etc. to export globally OR will each region sustain themselves in order to decrease global transportation costs and become their own macro economies?
I ask because with China and India increasing the size of their middle class, there will be more countries importing goods, thus increasing the need for more effective systems of transportation. Basically, what region will focus on what output? Thanks for all you provide us!
Daneackerman MARCH 26, 2015 AT 6:55 PM Sorry guys and gals this article is off topic of this post but in line with some thinking we have covered in the past with CSI’s Cultural and Socioeconomic Interception.
Dripfood I thought of you when reading this article for the brain activity and such:)