R.V. / GCR October 12, 2014 at 11:22am
THE WORLD BANK AND THE WTO ARE JOINING TOGETHER TO HELP COUNTRIES IN TRADE TO BE BETTER CONNECTED WITH THE GLOBE AND ALSO REDUCE ANY BARRIERS THAT DEVELOPING COUNTRIES MAY BE FACING
WE HAVE REPORTS THAT PARLIAMENT IS PLANNING ON HAVING THE BUDGET VOTED IN BY THE 14TH OF OCTOBER TO MEET SOME TYPE OF DEADLINE/GOAL.
I know you understand this is an educated guess. We have a possible target date of Monday / Tuesday.The Chinese are going to push the reset button and the BRICS nations are joining together and once they have their own SWIFT capability, then adios amigos!.
LOOK For a global event that levels the playing field. Parliament will be in session on the 14th and it will be dealing with the reading of the Budget along with many other laws...IMO it does appear that a host of laws will be passed in a one day - two day voting session.
GENEVA, THEY ARE HAVING THE UNITED NATIONS this was secretively moved up to oct 14th. CONFERENCE ON TRADE AND DEVELOPMENT, PROSPERITY FOR ALL OCTOBER 13TH – 16TH
THIS CONFERENCE IS TALKING ABOUT UNITING THE PRIVATE SECTOR AND INTERNATIONAL LEADERS TO KICK START INVESTMENT.
THE TOPIC OF THIS CONFERENCE TO BE RIGHT IN LINE WITH THE RESTRUCTURING OF THE BANKING LAWS TAKING PLACE NOW IN IRAQ.
IN NEW YORK OCTOBER 14TH AND 15TH WILL BE THE MIDDLE EAST NORTH AFRICA (MENA) PRIVATE SECTOR CONFERENCE ON CORRESPONDENT BANKING.. IRAQ USING STANDARD CHARTER TO HANDLE INTERNATIONAL BANKING FOR IRAQ
Bold n Courageous China to force GCR through gold pricing... actual words "GCR" used in news article... http://www.examiner.com/article/china-will-use-gold-and-gold-pricing-to-force-global-currency-reset
SUNDAY MORNING QUESTION.......Posted by EXOGEN on October 12, 2014 at 10:50am
WHAT ARE YOUR THOUGHTS ON THE PLANNED BANK SIMULATION WAR GAMES AND CRASH TESTS PLANNED THIS WEEK?
Britain and the US will stage the first transatlantic simulation of a crisis in a large bank on Monday, in a sign of growing confidence that the authorities can now deal with the failure of large institutions.
All of the main players who would need to be involved in a failure of companies such as Bank of America, Goldman Sachs, Barclays or HSBCwill gather in Washington DC to make sure they would know what to do, who to call and how to inform the public.
G T I believe this MAYBE The Mechanism to Hide the GCR (Under The Publics Nose.....IN PLAIN SITE)??? The GiVEWAY IS......EVERYONE'S GATHERING IN DC!!! What Day EXO???
D.K.C. > G T MONDAY
John R. I believe, while it may be being billed as assimilation, it is the setting of the stage for "the Creature from Jekyll Island" to "exit, stage left" and, it will be brought out that "what they learned was how messed up the old system is" and that, there's only one way to truly fix it and, that's by doing what the Constitution says that they should have done, all along. I also believe, this "new found" conscience of theirs, will usher in the "exit stage left" for all the criminals. I say, get ready for a very loud "SWOOSH!" sound. It may be like watching butter on old Oklahoma hot tar and sand road, in the middle of August...but, that swoosh sound will be unforgetable
Olewiseone Sounds like they are planning to crash the banks soon as the GCR goes through…where are all the sovereign banks in the country? Would people please post those they are aware of? Yes, the GCR could be a possible deterrent to their crashing immediately but they are not talking about "if" but rather "when" so there is a game plan in place. Strange they feel a need to do this just when the GCR is ready to go…or is it??? I'm still smelling skunks in the woodpile.
Joanne The rich rule. Like it or not. As bad as they don't want a GCR they are being forced. The BRICS is gradually overtaking and they will be left behind. So they have to come with a good evil plan to trick us so we will have less $$$$ as possible. Money is power. But God....is bigger then all their power. We won.
Eloisa A distraction for the rest of the world, while we rv and world gcr's.
James J. What are they testing and drilling for are they not planning on doing the right thing for the world. We dont wanna be under this system anymore
tweetabird This is what's going to cover what we have been waiting for! Blessings a coming!
EXOGEN: Read between the lines!
Vinman Good way to hide a massive reset of currencies and an unwinding of derivatives. Can anybody say...GCR!
Linda > Vinman I believe you are right. GCR!
Janie Perfect cover for a switch in systems. Purge out the derivatives, clean up the system, brokerage accts tank, and notice the list of "possible failures" in the article. Huge derivatives issues there. If I had the chance to go to the bank tomorrow (as in "currency exchange"), I'd stay in bed all day and wait for the dust to clear - then go to the bank on Tuesday.
Jed Clampett It depends who is really in-charge. If the good guys are in charge, we might see the GCR/RV, and a lot of other good stuff. If the bad guys are still in-charge, we could see Cyprus-style bail-ins or worse.
Since this "drill" has been announced, I tend to think that the good guys are running this show, but with the Ebola distraction, it seems that the bad guys are not completely gone.
Maybe Super Typhoon VongFong will hit Japan, and we'll have yet another distraction and excuse for a mishap with this banking drill.
Ben W. These is all stage, they are planning to implement the next phase, which is the second financial crisis, now since the banks will not get a bail out from the government, they getting it from somewhere else? That is call " BAIL INS", which is,they're going for everybody accounts. You don't believe me? just wait and see.
Guys you better get your money and put it somewhere else as soon as you do your exchange or you will end up the same way you were before? The reason for all the delays of the RV and GCR are done because the banksters are getting ready for THE BAIL INS.
R.V. / GCR There is no such thing as an RV / GCR.....ask a banker
EXOGEN > R.V. / GCR CORRECT THE WORDS DO NOT EXIST
IP > R.V. / GCR So what do they call it?
EXOGEN > IP WORDS LIKE:RE-BALANCE OF GLOBAL FINANCIAL ARCHITECTURE OR IMPLEMENTATION OF MECHANISMS
D.K.C. > EXOGEN So, Those are the terms we should look for in the "Public" that is code words for "GCR"! Got it! and Thanks
More Guesses to NEW Picture INTEL:
Vinman October 12, 2014 at 12:24pm
The BRICS SWIFT system detour is loading.....
This will be centered in Shanghai and will be the crushing force to push through the reset and level the playing field.
bookman oldstyle > Vinman YES!
Linda The BRICS are starting a parallel system of digital money transfer, detouring around the SWIFT system.
G T October 12, 2014 at 12:48pm New Clues.....
The BRICS / China alternative SWIFT system is Preparing to go live to level the playing field
The IMF & China are ready To STAND UP!!!
EXOGEN Glad more people are now awake and REALIZE the PTB/AOP do not want Dinarland to have this MONEY. This week should be very Interesting!!!
IP: Yes, we know they don't want us to have the money. But can they prevent us from cashing in, that's the real question...
Sharon > IP If they could prevent our participation and exchange they would have. They can't prevent it so the next best thing is to delay. They can only delay for so long.
IP > Thank God!
R.V. / GCR > Sharon CORRECT
China's economic rise challenges the IMF's relevance
Posted by BaNDiTo.RoX on October 12, 2014 at 12:27pm
AFP By Jeremy Tordjman 3 hours ago
Washington (AFP) - The International Monetary Fund was launched in 1944 with the world's new superpower, the United States, in position as the key force and shareholder in the global crisis bank.
Today, China is on the verge of becoming the world's largest economy.
But its voice at the IMF -- wrapping up its annual meeting this weekend in Washington -- remains that of a minor country, and some worry this could undermine the crucial, 70-year-old institution.
The IMF estimates that by the end of this year, China's economy will surpass the US in size: $17.63 trillion versus $17.42 trillion, based on the purchasing power parity standard.
On a more traditional basis, linked to current prices, the clearly much more affluent United States still leads by a wide margin.
But there is no debate about China's rise to power in the industrial world. And its growth rate, at 7.4 percent this year, still far outpaces that of the rest of the advanced economies.
The IMF has had difficulty conforming to this new global power balance. The US holds 16.7 percent of the voting power in the Fund, which gives it an effective veto over any major changes in its structure and activities.
China meanwhile has a 3.8 percent voting share, not far from Italy's, which has an economy one-fifth the size.
And the US Congress's repeated refusal to ratify a four-year-old set of reforms that would boost China, India and other emerging powers at the institution is beginning to cut into the Fund's stature.
"The risk for the IMF is that it will become less and less relevant and increasingly illegitimate," said Paulo Nogueira Batista, the IMF representative of Brazil and 10 other countries, speaking on his own behalf.
- Overdue IMF reform -
The 2010 reforms would change quotas, effectively their voting power, for shareholders and also sharply increase the IMF's overall financial resources, crucial for conducting huge operations like the rescue of Greece and Ireland and, most recently, support for Ukraine.
The reforms have been endorsed by all other major economies. But to be implemented, they need US backing.
The administration of President Barack Obama has endorsed them from the beginning, but repeatedly has been unable to persuade Congress to ratify the pact.
The problem has gone on for so long that some are talking of seeking an alternative to the current governance.
Clearly frustrated, IMF Managing Director Christine Lagarde said Thursday that she would perform a belly dance in front of the US Congress if they were to ratify the reforms.
"It was due in 2012. It is overdue in 2014," she said.
Agustin Carstens, Mexico's central bank governor and a former IMF deputy managing director, highlighted the importance of the Fund maintaining legitimacy.
"It's important because the IMF provides policy advice. And for it to be followed, it needs to come from a legitimate institution," Carstens said.
Another former IMF official, Peter Doyle, told AFP: "The rise of China and India have rendered the IMF voting rights allocation not just unfair and illegitimate, but ridiculous."
Lagarde stressed that, even with the skewed voting rights, China, India and other emerging powers are generously represented in the top management circle of the Fund.
That includes Chinese economist Min Zhu as a deputy managing director.
Some say even the 2010 reforms won't rectify the situation.
For one, China's voting share will only rise to 6.1 percent.
"Even the delayed 2010 quota reform represents only a modest step towards changing the governance structure of the IMF to reflect shifting economic realities," Eswar Prasad, a former IMF official, told AFP.
According to Nogueira Batista, there is still stiff resistance to change inside the institution, including from Europeans.
"The US has been incapable of delivering, and the Europeans have been hiding behind this lack of delivery on the part of the US to postpone the other elements of the process," he said.