“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.”
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.
“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.”
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.
At first there was nothing but an absolute whiteness. It was an endless emptiness of infinite possibility. With a whisper there appeared a single black dot in the middle of the white vastness. The dot was less than - but would become more. The whisper echoed throughout the absolute and the dot smeared outward from both sides becoming a line. The single line filled the void with purpose and direction.
Watch this video if you're interested and have the patience. - JC
In October of 2000 I was in Las Vegas for an international mining conference. It was an exciting time in my life. I was preparing to be raised to the sublime level of Master Mason in my local Freemasonic lodge back home. My professional career was on track. And my relationship with my family was one of both satisfaction and reward.
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.
“This is really an old lesson for a new era. At such a momentous time as this, we need to choose the ethos of 1944 over 1914. We need to rekindle the Bretton Woods spirit that has served us so well.”
- Christine Lagarde, Managing Director of the I.M.F. Feb 3, 2014.
As young boys my brother and I delivered newspapers in our neighborhood. There was one house in particular that always stood out to us. In this home lived a man with no legs. The house was your standard suburban build of the 1970’s and had a ramp running up the width of the front. The man in his wheelchair would often be parked at the small area at the top of the ramp. It was a short landing from which he could enter the house.
Have no doubt about it, the so called Global Currency Reset is already happening, and it’s happening by the International Monetary Fund restructuring the world’s wealth through the emerging markets. Sovereign debt is at a 200 year high. Fiat currencies are on the verge of collapse. Stock markets are hovering over nothing but the illusionary ether from which they climbed. And if you listen carefully you’ll notice that all countries are speaking from the same script.