SDR Supplemental: VND or VNN? IQD or IQN?
By JC Collins
Applying Logic to Currency Sustainability By JC Collins
The world is willing to restructure the monetary system through the International Monetary Fund but has plans in place to by-pass the western dominated institution if the U.S. Congress does not pass the 2010 Code of Reforms.
Read More Link On Right
China and other BRICS countries are calling for a new monetary system to be implemented through the I.M.F. but are also developing a workaround so that the world economy does not completely collapse when the U.S. dollar finally hits the point of hyperinflation.
Officials with The People’s Bank of China and the Chinese government itself have repeatedly called for expanded use of the SDR system through the I.M.F.
As I’ve stated before, this is the preferable path forward with the least amount of disruption to the world economy. Contrary to what many American’s may think, this path will also cause the least amount of disruption for their lives as well.
The alternative will lead to further economic warfare and the threat of social collapse.
When analysing patterns one looks for commonality, redundancy, and single points of origin. When applying logic to the Global Currency Reset and Great Consolidation, we find a single point of origin in the I.M.F. 2010 Code of Reforms which are being held for ransom in the United States Congress.
There is high probability that the ransom situation is a part of the Hegelian Dialectic Triad and will eventually be passed when the timing is right.
The purpose of this post is not to repeat what I’ve said in previous posts but to build on one specific point. I have received many questions in regards to the currencies of Vietnam and Iraq, being the VND and IQD.
The questions have pertained to the so called replacement currencies which are being referred to as VNN and IQN.
I have heard nothing of such ticker names but would like to put forth the following theory. Let’s suppose that the ticker symbols VNN and IQN were indeed leaked out from certain sources.
Now let’s assume that these “new” currencies will replace the old currencies. The only way that will happen is if the old currencies, the VND and IQD, will be demonetized and taken out of circulation.
And I would reason that the only way these currencies would be demonetized is if Congress did not eventually pass the I.M.F. 2010 Code of Reforms. This would force the world to activate its plan to work around the I.M.F. and the U.S. dollar.
Said in plain straight talk, if Congress does not finally pass legislation to support the 2010 Reforms and restructure the I.M.F. Executive Board, than the rest of the world will deflate away as much of their sovereign debt as possible and then demonetize their currencies, let’s say the VND and IQD in this case, and issue new currencies which will not be pegged to the dollar.
These currencies in theory could be the VNN and IQN.
Holders of VND and IQD will make very little if the currencies are demonetized.
The world is putting much pressure on the U.S. Congress right now to pass the Reforms. Iran is pushing naval forces into the Atlantic almost to the American maritime borders. While Chinese naval forces are pushing further into the Pacific and closing in from the other side.
Many of you are following the banker “suicides” and gold market and currency market manipulation. These are clear signs of changes on the horizon. If the Reforms are passed than the manipulation will act as the catalyst for currency revaluation and sustainability.
If the Reforms are not passed, than we will watch all the currencies collapse and sovereign debt will continue to eat away at our everyday lives.
Just today protestors in Bosnia burned down the presidential palace. This is exactly what we have predicted here at philosophyofmetrics.com. Continued problem/reaction/solution dynamics.
It’s going to be a long year of fluctuating currencies and sovereign debt default threats.
But I predict that before it’s over the U.S. Congress will in fact pass the Reforms and will begrudgingly retreat from its dominant role in world affairs, just as the British before it.
Let’s see what will fill the vacuum this time. – JC Collins