New Financial System Negotiating

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I wouldn’t normally post something silly like this but its Friday afternoon and the likely negotiating taking place between the emerging markets and the developed markets in how to divide up the new system is probably going something like the negotiation in this video.

Viewer Discretion:  Contains Profanity.

The Shifting Economic Singularity

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It appears Russia will not back down on their position in the Ukraine and the end game is fast approaching.  Many of my readers sent the following link yesterday:

http://www.reuters.com/article/2014/03/06/us-imf-reforms-idUSBREA251IN20140306

If you haven’t read that article yet I suggest you do.  Its telling us that the G20 countries will implement the IMF 2010 Reforms without the US if Congress doesn’t pass the required legislation by April.

The Great Work of the Ages

Economics, Esoteric, Premium POM

Let us bridge the illusionary vastness between here and there.  Ignorance and enlightenment exist together in a timeless dance of creativity.  Creativity is injected into all human endeavors. Human endeavors are the place from which productivity emerges.  As such human productivity is supported by both ignorance and enlightenment.  Perhaps one cannot exist without the other. Here and there both occupy the same space.

Ukrainian Currency Peg and U.S. Military Reduction

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News over the last few days is coming fast.  The modus operandi which we have been discussing as the old system transitions to the new system of SDR composition and allocation is becoming clearer.

Through the multipart series titled SDR’s and the New Bretton Woods we have learned how the problem/reaction/solution process of the Hegelian Dialectic will be used  to manipulate and direct the sovereign debt crisis and currency crisis around the world.

SDR & the New Bretton Woods – Part Seven

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“We deeply regret that the IMF quota and governance reforms agreed to in 2010 have not yet become effective and that the 15th General Review of Quotas was not completed by January 2014. Our highest priority remains ratifying the 2010 reforms, and we urge the US to do so before our next meeting in April. In April, we will take stock of progress towards meeting this priority and completing the 15th General Review of Quotas by January 2015.”

The New Exchange Rate System

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Purchasing Power Parity and Arbitrage are two terms that everyone should make themselves aware off as the world’s economy moves closer toward a centralized SDR trade system through the International Monetary Fund with accounts balanced by the Bank for International Settlements.

Purchasing Power Parity is the balance between exchange rates when there is also balance in the domestic purchasing power of the currencies.

SDR & the New Bretton Woods – Part Six

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“In recent decades, emerging and developing economies have become bigger players in the global economy. However, their representation at the IMF has not kept pace with these changes. The G20 will continue to pursue reforms to the IMF during 2014 to ensure that country representation at the IMF better reflects the economic weight of its members. These changes will build greater confidence in the IMF’s ability to respond to global economic instability.”

Why the Vietnamese Dong Will Reset

Cultural, Economics, Premium POM

Vietnam has achieved a truly remarkable thing.  While being a dumping ground for U.S. dollar inflation and having its own currency consistently devalued, Vietnam has managed to produce one of the fastest economic expansions and modernizations in the history of the world.  It’s a model of modernization built upon the experience and lessons of China, Korea, and other Asian countries which developed before it.