By JC Collins
The following material was originally posted on February 26, 2015, and details the strategy which is now unfolding in the European Union. It was stated that the European Stability Mechanism (ESM) would take control of the Greek banking sector and facilitate debt restructuring.
That is exactly what is beginning to take place as the script transitions along the expected and predicted lines. This article on Zero Hedge details the play-by-play action as the Greek population are herded into further consolidation and integration within the EU, including further loss of sovereignty.
Continue reading End Game Confirmations & MacroQE
America Becoming Isolated in the Monetary Framework
By JC Collins
In a June 12 press release from the International Monetary Fund it was made clear that the time for the United States to act on the 2010QGR is fast approaching. The IMF has given the US until September 15 to enact the quota and governance reforms as agreed upon back in 2010.
From that date the “Plan B workaround” will begin to be implemented and the completion of the steps required to reach the objectives of the 2010QGR will need to be fully implemented by mid-December, 2015. This statement can be interpreted several different ways. The obvious is that the methodology for the “workaround” will be implemented by mid-December, but the actual process of completing the reforms will take somewhat longer.
Continue reading IMF and China Give US Ultimatum
Guest Post by Willem Middelkoop, Co-founder of the Commodity Discovery Fund and author of The Big Reset
This article has also been published in an edited version of the OMFIF bulletin
The recent news that Britain would become one of the founding members of the new Asian Infrastructure Investment Bank (AIIB) has shocked many. Larry Summers, who has served as Secretary of the US Treasury between 1999 and 2001, immediately understood the significance of the recent developments and wrote in an op-ed for the Washington Post:
“March 2015 may be remembered as the moment the United States lost its role as the underwriter of the global economic system. I can think of no event since Bretton Woods comparable to the combination of China’s effort to establish a major new institution and the failure of the United States to persuade dozens of its traditional allies, starting with Britain, to stay out.”
This British announcement was highly criticized by the US. The Financial Times quoted an unnamed US official:
“We are wary about a trend toward constant accommodation of China, which is not the best way to engage a rising power. This decision was taken after no consultation with the US.”
Continue reading Has the US lost its role as the underwriter of the economic system?
Supra-Sovereign Gold and the Great Consolidation
By JC Collins
THIS POST WAS ORIGINALLY PUBLISHED ONE YEAR AGO, ON JUNE 10, 2014. IT WAS A VERY POPULAR POST AT THE TIME AND IS WORTH REVISITING NOW THAT THINGS ARE PROGRESSING FURTHER ALONG IN THE MULTILATERAL TRANSITION AND MUCH OF WHAT WAS MENTIONED IN THIS POST HAS BECOME ACCEPTED REALITY, SUCH AS THE INTEGRATION BETWEEN THE BRICS INSTITUTIONS AND THE IMF.
Look at everything that exists, and observe that it is already in dissolution and in change, and as it were putrefaction or dispersion, or that everything is so constituted by nature as to die.
– Marcus Aurelius, Meditations, Book X. 167AD
The human mind and contention are common bedfellows in that they both seek sameness and comfort in the patterns of everyday life. These patterns are expected to solidify and secure expectations and predictions based on what came before. Yet, what came before is seldom more than a temporary marker of what is to come.
Tomorrow is seen as an extension of today and the economy of tomorrow is a result of yesterdays indicators. The subtle changes to those indicators are not noticed or extrapolated outside of the economic metrics themselves.
Continue reading Cras In Transitu 明天轉型 Redux
Nary a mention in the western media. One has to ask the question why China is so keen on having this happen, along with adopting the IMF data reporting standards. Could it be that the POM thesis was correct all along? It’s looking that way.
US senators promoting propaganda against this happening. China calling out the debt ridden G7. Russia is still played as the uber bad guy. The sovereign debt crisis is deepening.
Seems like the much discussed Hegelian Dialectic is moving along as expected. Giving the US plausible deny ability on the multilateral transition. -JC
Also reference this article for further confirmation on integration between BRICS Bank and other global institutions, such as the World Bank. Definitely not the overthrow of the western banking system that some are predicting.
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Behind the Veil of Reason and Logic
By JC Collins
It was Marcus Aurelius who wrote “Anyone who has seen the present day has seen it all, both everything that has taken place since time began and everything that will be for all eternity; for all things are of one kind and one form.”
As a child the world appeared as geometric patterns. Forms. One form. The fragmentation began around the age of 7, in the year 1981. You see, I made a remarkable discovery. While reading Three Billy Goats Gruff and listening to Angel of the Morning by Juice Newton on the record player, I realized that reality wasn’t really real. Popping the pop-top on the top of my pop can, I took a sip and gazed about in frightful wonderment at the world of geocentric waves which washed through my consciousness.
It began to dawn on me that others did not see the things I saw, or reasoned the way I reasoned. Isolation of mind created the necessity to mimic accepted social behavior. Meeting the expectations of others developed into a habit from which character merged with sub consciousness. This form knew no beginning or end. It was as all things are – alive in dream and formless stream.
Continue reading On Optimism and Optics
Real World Facts, China’s 3rd Plenum, and Global Integration
By JC Collins
The use of propaganda to further geopolitical and socioeconomic objectives are complex methods of positioning arguments and manufacturing preconditioned counter arguments. This ‘seeding of the field beforehand’ has become commonplace, predictable, and can be trended with relative ease.
When American Senators openly state that China should be barred from having their currency added to the SDR composition because of the threat of computer hacking, the obvious nature of the counter move becomes apparent and predictable.
The United States does not have the veto influence to stop the RMB from being added to the SDR, as it takes a 70% vote to make changes to the basket composition. This differs from the 2010 reforms to the governance structure and quota system, as 85% is required to make those changes. Which falls within the parameters of US veto power.
Continue reading Why You Should Stop Listening to Jim Willie (FREEPOM)