matt (@speedspirit42) May 29, 2014 at 12:04 am JC please explain to me that if the rent seekers are going to become more logical in the way they go about business and the World debt both sovereign and individually is out of control this restructuring should include a revaluation of the only real money in the world which is Gold and Silver, No?
The current structure of the dollar financial system hates the people having Gold and Silver (physical in hand) investments because then people are not playing their casino. To have SDRM accepted is a delay or a false hope of the establishment to face reality is it not.
It is a new invention to create confidence in a new fiat currency. It seems it will come into fruition and delay the rise of true value in Gold. Or will they need to allow Gold and Silver to rise to some new value to act like a relief valve on the pressure seeking some reality.
Its confusing that the central banks are all concerned about how much Gold they have and is it still there where they deposited it. The more time that passes the more a chance one of them will have factual info that their Gold is gone. Once this happens agreements could be in danger among nations, No?
The dishonest actions speculated about the thieves of corporate owned US government selling other nations Gold could and will ruin plans for Global agreements, No? It really sucks to think they can delay a fair system any longer. Do you see their new system as fair and logical?
JC Collins May 29, 2014 at 12:09 am This new and emerging system is anything but fair and logical. I’m expecting that gold and silver may even decrease in nominal value once the system is fully implemented.
The world will find itself in a similar situation in about another 15 years as the SDR runs its course. Watch for subtle changes in culture as we move from a debt based system to a production based system. This should take us 15 years into the future. Nothing happens over night.
b.klausen May 29, 2014 at 12:30 am JC…supposedly the US govt holds a large sum of dinar… if the dollar is to lose it’s reserve status and the petro dollar dies, how in this Hegelian Theater should one look at the possibility that as the dollar diminishes, ‘
the US govt still potentially holds some liquidity in their dinar holdings (if it is to be believed that they do have what has been speculated / reported that they have)…
if the dollar collapses, yet the US PTB are flush with capital after the restructuring…does that just mean the US people suffer but TPTB remain able to participate in the newly restructured paradigm despite the move away from the dollar by the rest of the world?
Daneackerman May 29, 2014 at 1:00 am Hey JC, excellent post. Thats the best I’ve seen it laid out. When you were talking about debt stock reduction could this portion “debt is written off or cleared from the books by some form of accounting trick” be some form of the Paris Club or Club de Paris?
Thanks for taking the time out of your busy schedule to enlighten us.
JC Collins May 29, 2014 at 1:51 am Yes, the Paris Club has come up in my research.
Daneackerman May 29, 2014 at 1:10 pm I’m not sure where your research of the paris club or club de paris left you or if this is a viable avenue but will provide this information for your use or non-use:-).
Before delving into the defined debt restructuring treatments offered by club de paris we should understand that they have flow treatments and stock treatments. Their definition of stock treatments is that:
“Some Paris Club treatments apply not only to the payments due over a given period of time, but to the entire stock of debt. The aim of agreements covering the stock of debt is to provide a country with a final Paris Club treatment called an exit treatment. Such agreements are used in two cases:
• Under the HIPC initiative, the action taken by Paris Club creditors in accordance with this initiative takes the form of a stock treatment granted at completion point.
• In other cases, stock treatments may be granted, on a case-by-case basis, for countries that have a satisfactory track record with both the Paris Club and the IMF and where there is sufficient confidence in the debtor country’s ability to meet its obligations under the debt agreement.”
That being said the list below is the current and past terms listed on their website which could be used “in other cases”.
“Paris Club treatments are defined individually, by consensus of all creditor countries. Most treatments fall under the following pre-defined categories, listed below by increased degree of concessionality:
- “Classic terms” : standard treatment
- “Houston terms” : for highly-indebted lower-middle-income countries
- “Naples terms” : for highly-indebted poor countries
- “Cologne terms” : for countries eligible to the HIPC initiative.
Eligibility for the different terms is assessed on a case-by-case basis by Paris Club creditors, taking into account the track record of the debtor country with the Paris Club and the IMF and various criteria, notably per-capita income, level of indebtedness and of debt service.
Any debtor country declared eligible for specific terms by Paris Club creditors may decline these terms in favour of a less concessional set of terms, notably if it considers them to have a negative impact for its creditworthiness.
Other terms had been defined in previous Paris Club treatments. Though they are no longer used, a part of the outstanding debt owed by debtor countries was treated according to these terms:
- “Toronto terms” (replaced by “Naples terms”)
- “London terms” (replaced by “Naples terms”)
- “Lyon terms” (replaced by “Cologne terms”)”
One would think in this debt restructuring scheme that the US would fall under the Classic terms but this would not help the US. So we go to the Huston terms in that it is structured for highly-indebted lower-middle-income countries would be the target terms.
But the nagging decline of the US’s middle class and outsourced industry may be indicators of setting themselves up for qualifying for the Naples terms in that it is for highly-indebted poor countries. The Naples terms allows for a minimum debt cancellation of 50% with a maximum of 67%. The Naples terms are here.
But whether it could be pulled off is another issue. Also they could negotiate an entirely new term to meet the growing global need then slide right in under those terms. As you keep saying though things are inevitably being consolidated. On the club de paris website the UN and IMF are mentioned quite often.
ozymandias3 May 29, 2014 at 1:04 am Mr. Collins: The remaining dreamers, manipulators, intellectual theoreticians, and devout followers of Keynesian Economics in the world are about to come to the unassailable realization that Keynesian Economics leads to massive death, destruction, and ruin.
In the interim, bartering can and will be a much needed viable means of negotiations and transactions between humans on a local level. Tally sticks and weight stones (rocks) will not likely be utilized, but so many other commodities, materials, and services can be bartered that do not and will not include Shylocks and Shysters.
Thank you again for you insightful contributions towards increased awareness.
Geno Kalmes May 29, 2014 at 1:46 am Well this will most likely keep folks from pasting you on the pro dinar sites… but believe it or not, when hundreds of quadrillions of fiat dollars are in caves and mattresses and folks worldwide want the value of that money,
there exists a crazy idea that the currency reset will actually lessen the so called money that is in play… If this becomes the excuse to exchange into an accounting system that is the new closely monitored accounting system and this moment wipes the octillion quads off the nowhere man’s books and actually gives the world a much lesser number of accounted for fiat dollars then the science actually makes sense…
There is method in the madness but few can understand it… One would have to look at the white spiritual boy accounts and the caves filled with bonds and boxes full of cash to realize that is the problem they are dealing with…
might as well strike a match to that secret horde because the new system has new monies and it’s all been counted and allocated to a future plan that includes a collapse and a one world currency… but yeah, some are wondering is there a way to do it but not spread the wealth… even though the wealth will be very temporary….
ozymandias3 May 30, 2014 at 4:07 pm What makes anyone think that the BIS and the IMF will not become abusive and tyranical if they obtains complete control over every ‘nation’s’ economy?
JC Collins May 30, 2014 at 4:11 pm Its assured they will.
Geno Kalmes May 29, 2014 at 2:39 am trying to come up with a way to simplify what I tried to say above… here is a hypothetical number… let’s say the off budget monies that drug dealers, sex slavers, every black market thing you can think of for a hundred years buried under ground and in caves and off shore accounts is this number… it;s actually wayyyyy bigger… see here…
and a global currency reset with new accounted for currencies is this number…
Do you see how they solve a huge problem? They rid themselves of this huge number with the new currencies that they have spread around to gullible people just dumb enough to believe it… and just dumb enough to lose it back to the usual suspects…
So it sets up a boom cycle leading back to another big bust recession that gets solved with a one world currency…
It’s about accounting numbers better in the future and erasing tons of cash that just cannot be brought into play….and a cashless system…
Hugh May 29, 2014 at 12:12 pm I think I understand the points you’re making. The unaccounted for wealth is immense and out of view of the unwitting (or not) ignorant, compliant tax slaves of the general public.
When these monies of the white spiritual boy accounts, etc.(and there are so many of these accounts that they stagger the imagination) are added to the exorbitant amounts found in the occult coffers of every local, state, and federal CAFR account, it is readily apparent with sufficient evidence to declare that there is no debt crisis as is being portrayed for and to the gullible among us.
It’s all manufactured BS. When the time is just right the real Money Power of this world will pull the carpet out from under us by contracting the perceived money supply, let a few million or so kill each other for scraps and then use that has a pretext to offer up their solution for another fiat (SDR) one world currency.
It too will run it’s course after several more rounds of debt creation, while being abused and disguised as asset backed, but it only buys the PTB a few more years (months?) to keep the flaps of the tent to this circus open.
They have been found out and they know it! No choice now but to go deeper into the well of tricks and skullduggery to escape the coming awakened masses who have seen this movie before and are walking out in droves. Tickets to this freak show are now on sale; who’s buying….?
Hugh May 29, 2014 at 1:43 pm “Inside sources confirm to Infowars that the elite conference, which will take place from Thursday onwards at the five star Marriott Hotel, will center around how to DERAIL A GLOBAL POLITICAL AWAKENING (emphasis added) that threatens to hinder Bilderberg’s long standing agenda to centralize power into a one world political federation, a goal set to be advanced with the passage of the Transatlantic Trade and Investment Partnership (TTIP), which will undoubtedly be a central topic of discussion at this year’s meeting.” ~Paul Joseph Watson
dev2015 May 29, 2014 at 7:03 am Thanks for your article … now i am getting a better picture about this thing. However, i would appreciate if you clear out whether the debt restructuring would be only for the Government … and no private sector (companies .. individuals)?
Tyberious May 29, 2014 at 7:10 am Gold and Silver are money! Everything else is credit. J.P. Morgan
dev2015 May 29, 2014 at 7:20 am In 2008 Ecuador utilized such an accounting trick when it used its own cash, M1 money supply, to buy up its own debt at a discounted rate. Could you please expand on the above, please .. or refer to some links to read more about this.
babau babaus (@babaus2) May 30, 2014 at 8:36 pm Silas Walter Adams – The Legalized Crime of Banking and a Constitutional Remedy (1958) http://www.scribd.com/doc/185728939/Adams-The-Legalized-Crime-of-Banking-and-a-Constitutional-Remedy-1958
JC Collins June 1, 2014 at 2:30 am I have found this info on many official institute and governmental sites. Plus in a few PDF files published by central banks and one by the IMF. See what you can find and if you can’t confirm than let me now and I will dig back threw the files I’ve read and send to you. Thanks for being a part of the conversation.
Tyberious May 29, 2014 at 7:25 am JC, TPTB,Central Bankers and those that control the world do indeed plan on consolidating the entire world under a single currency and government.
My question why all of the kinetic action? Why, overthrow 7 Middle Eastern countries in 5 years? Why Ukraine? Why the aggressive action by China? Are you postulating that this is all premeditated and Kabuki Theater?
I contend that there truly is a resistance to their plans, the BRICS.
As far as precious metals are concerned the actions by Eastern Nations and Central Banks indicate that Gold will have a role in the next monetary system.
I appreciate your writings and essays and I understand that you are attempting as we all are to assemble exactly what our future holds. I make no attempt to disagree able only to present other positions and more facts.
JC Collins June 1, 2014 at 2:27 am Tyberious, your input and interpretations are appreciated.
Hugh May 29, 2014 at 1:28 pm Capitalism, Worth Fighting For? Dominant Social Theme: Capitalism is a good system, but it could be improved … and needs to be.
Free-Market Analysis: There is apparently consternation among those who define the West’s dominant social themes. Keynesian economics is clearly not working and needs a reset (or so we are told), as we analyzed in yesterday’s article.
And now we can see clearly in the above excerpt that capitalism itself is apparently in need of a tune up.
In fact, as predicted, it is the Internet Era itself that is blowing up elite memes.
“The fairest system is one that is structured by individuals rather than the state. People must look to their own affairs and personal relationships for wealth building opportunities whenever possible. To rely on others – even the larger system of “capitalism” – increasingly is not a sensible option.”
Axx fann (@fann_axx) May 29, 2014 at 3:13 pm It is wise to remember unearned wealth is very destructive. An interesting statement Mr. Collins.
Geno Kalmes May 30, 2014 at 12:40 am usury interest rates and taxes are unearned wealth….
JC Collins May 30, 2014 at 5:35 am Agreed.
Axx fann (@fann_axx) May 30, 2014 at 6:28 am Appears to be the precipice man determines on the ladder of life…
Daneackerman May 29, 2014 at 3:25 pm This video sums up the global currency reset. As it gets closer to the edge it turns back in on itself and rolls around again. While your watching the ball go round and round hypnotized with the hope of it stopping for the reset the world just keeps passing you by…..its a cool video though.
Hugh May 29, 2014 at 3:51 pm When there is an elephant in the room, acknowledge it.
How do you get inbred cockroaches that attend a Paris Club conference to scatter? Walk to the middle of the room and shout Odious!
We are being lied to about debt and about who is responsible for that debt. I don’t know about you, but I personally did not contract nor knowingly offer my consent for anyone to create this onerous monster in my name which is now being “marketed” as yours and mine. This is not our legacy nor our children’s.
Any debt which is incurred by one entity on behalf of another but without any benefit to the other must be considered “odious” debt and can be repudiated. I believe there are ample precedents.
There is absolutely no way we can ever repay what these “rulers” have spent in our name and without our permission. We certainly do not want to surrender our personal sovereignty, our entire planet for that matter, to satisfy the whims of such careless, ruthless, psychopathic tyrants.
Tis time to take a stand through non compliance of their dictates at every level. Let these miscreants know in every way possible that we are on to their centuries old scam; we have had it up to here and that we are not obliged to paying their debts, past or present. It is all fraud!
Their gravy train will then soon come to a halt; it must…
Daneackerman May 29, 2014 at 5:38 pm I wish fixing everything was that simple Hugh. It is frustrating no doubt. If you can stop the current round of primordial class leading us down the wrong path I believe we will only find lines of evil as far deep as one can see to replace them. Sometimes its better knowing what evil you are dealing with than allowing a completely new evil to rule.
Hugh May 29, 2014 at 7:58 pm I have to believe that at some point the aims and ambitions of the primordial class has evolved into something more then the me-first, winner-take-all, myoptic rules of engagement “taught” to them by the master of the universe creators of this monopolistic “game”.
It’s their grand illusion of things, their projections of status of “that’s just the way things are so get used to it”, that we are being asked to participate in. We can decide at any point in our evolution to pick up our marbles and quit the game.
And of course it won’t be easy or without some hardship. Chasing off external dragons we CAN see does not discount the arduous and yes, frightful task that remains of expelling the ones we can’t see. It’s a scary proposition to examine oneself, to say the least, but the alternative is far more insidious and life threatening.
Geno Kalmes May 30, 2014 at 12:50 am The elite you think you know has underground bases, hundreds if not thousands under every state and country where children vanish and become experimented on, raped, organs sold, and eaten… plus they are cloned… yes, cloned. Can’t get much more evil than that.
There is a real tendency on this site to make excuses for the most vile putrid beings to ever slither across this earth. Real men willing to face evil can take it down and put up a better more just system… ‘
That’s who… To think or say, the evil that awaits is too scary to fathom is just plain cowardice. it’s the type of cowardice that would stop any explorer from getting in a boat.
Daneackerman May 30, 2014 at 11:56 am “The elite you think you know has underground bases, hundreds if not thousands under every state and country where children vanish and become experimented on, raped, organs sold, and eaten… plus they are cloned… yes, cloned. Can’t get much more evil than that. There is a real tendency on this site to make excuses for the most vile putrid beings to ever slither across this earth.”
I and I don’t believe for a moment that anyone on this site is making excuses for the evil man has manifested upon himself. We are just trying to explore “all” the viewpoints of particular instances that seem to have gotten us to the place we are today.
“Real men willing to face evil can take it down and put up a better more just system… That’s who…”
So now you are capable of judging and or setting the bar as to what makes a man. I fought for the right for people to have the freedom of voicing their belief so I know I have earned the right to voice mine. Furthermore, I believe it takes more of a man to face the evil within than to project that internal evil outward for others to face it instead.
“To think or say, the evil that awaits is too scary to fathom is just plain cowardice.”
My mind has created evil that you have not even begun to scratch the surface of so far. These eyes have seen evil beyond what you have written here and these hands have held more death in them than any one soul should have to look upon. ‘
Still I find the courage to endure these faucets of “myself” and continue to evolve as a being that will responsibly create good for this earth so that those who come behind me have the same freedom of choice that you and I are discussing here today.
“it’s the type of cowardice that would stop any explorer from getting in a boat.”
My favorite solo canoe trip was trekking 25 miles into the Florida everglades to a place called Shark River. The water is about 4 to 8 feet deep and the bull sharks their where as big as my canoe…..I don’t imagine it would get my adrenaline pumping as much to get in a boat but perhaps it would….I thank you for your insights that have given birth to my ideals.
Test of three…..
In ancient Greece (469 – 399 BC), Socrates was widely lauded for his wisdom. One day the great philosopher came upon an acquaintance that ran up to him excitedly and said, “Socrates, do you know what I just heard about one of your students?”
“Wait a moment,” Socrates replied. “Before you tell me I’d like you to pass a little test. It’s called the Test of Three.”
“Test of Three?”
“That’s right,” Socrates continued. “Before you talk to me about my student let’s take a moment to test what you’re going to say. The first test is Truth. Have you made absolutely sure that what you are about to tell me is true?”
No,” the man said, “actually I just heard about it.”
“All right,” said Socrates. “So you don’t really know if it’s true or not. Now let’s try the second test, the test of Goodness. Is what you are about to tell me about my student something good?”
“No, on the contrary…”
“So,” Socrates continued, “you want to tell me something bad about him even though you’re not certain it’s true?”
The man shrugged, a little embarrassed.
Socrates continued. “You may still pass though, because there is a third test – the filter of Usefulness. Is what you want to tell me about my student going to be useful to me?”
“No, not really.”
“Well,” concluded Socrates, “if what you want to tell me is neither true nor good nor even useful, why tell it to me at all?”
JC Collins May 30, 2014 at 1:58 pm Dane, excellent response. That comment by Geno is a perfect example of how the true message of this blog is being externalized through the common filter of unawareness of ones self.
People need something to label as bad so they can remain good. Religion uses this inner deficiency to its advantage, as does other methods of cultural and sociological engineering.
There appears to be a very strong unwillingness to accept that we are all good and evil to varying degrees. There are those who exist on both ends of the spectrum and everything in between. Its easy for us to sit here as the quintessential victims to a small ruling elite and yell from the roof tops about evil and badness. Its never realized that this ruling elite is the personification of all humanities inherent traits.
In 10,000 years of known history the same pattern keeps repeating. Religion is unable to correct it. Economic policies are unable to direct it. All manner of imagined ideological structures do nothing but provide sustenance to it.
Anything that is externalized and realized in the material world will be a corruption of what it was intended to be. Including the ideas presented here on this blog.
Our ignorance of this corruption from source to matter is where humanity will discover the answers to the questions that have haunted us since the beginning. The unknowing man speaks of evil in such dividable terms. The ignorant man cannot see himself in the world.
Some days I tire of the endless ignorance that spills forth from the rampaging beasts of wanton need and common separation. Today is one of those days.
Daneackerman May 31, 2014 at 12:08 am Thank you friend. Yes today is one of those days.
Jeremy Moore May 30, 2014 at 12:04 pm Fixing everything is as simple as fixing ones’ own reflection. The single hardest concept most humans have to overcome is this (programmed) need for instant gratification.
The reality is that this great charade took tens of thousands of years to get to this point (can present lots of research to back this claim). It’s not going to change overnight. It will take at minimum a few generations. Considering how long it took them to DO, the unDOing can occur in an “instant”.
I don’t know about you daneackerman, but I can never allow “evil” (negative polarity) to lord over me consciously. So long as I am aware that “evil” is dominating, I will seek to balance it, but this isn’t achieved via violent revoultion, as violence begets more violence. This is realized by balancing the “evil” present in everyone of us.
The solution really is as simple as “picking up your marbles”. Simply stop using their system. Stop relying on governments and corporations (what all governments are anyway) to provide you with what you need.
Go back to being a steward of the land, go back to DOing for oneself. This is not easy now because so few have the courage to attempt it. Trust me, I know first hand.
JC Collins May 30, 2014 at 1:59 pm Well said Jeremy.
Daneackerman May 31, 2014 at 12:20 am Great comment jeremy. Nothing worthwhile is ever easy in my book. Its wonderful what you are doing. I was very fortunate to grow up the child of a single mother in a rural part of Ohio. My most valuable toys were that which the woods provided.
Most of my playtime was clearing brush and cutting wood with friends. Looking back on that experience I believe it to be one of the richest times of my life. I say this to show my understanding of how important grounding with nature is.
However, I have been living in suburbia and still finding ample nature time by simply cutting out things that don’t enrich my life with its current direction. So far so good but as always I am a work in progress.
Luminita Muresan May 29, 2014 at 7:34 pm Looking at the depressed state of the mining industry one can intuitively make a connection to the changes in the financial sector.
Last year was a series of conferences AROUND THE GLOBE which unfortunately I could not attend due to the lack of personal kching called Money in Mining. It is clear to me that there is a shift to a new form of financing and possible to a new method of evaluation and …. valuation!
I haven’t yet read anything in specific however, the new Belarus, Russia and Kazakhstan (?) economic agreement, brings potentially a third player into the mix from the perspective of the definition of resources (Russian system) and BRICS an alternative financing vehicle to venture capital.
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