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.
The unknown man held his red hand high in front of the cheering crowd. The blood of Louis XVI ran down his forearm and dripped onto the wooden planks beneath. The blade of the guillotine was raised back into position. It would have to wait another 8 months for the head of Marie Antoinette. The crowd roared again as the head of the king was tossed aside.
This essay serves as an Addendum to one of my previous posts titled “China to Purchase the Federal Reserve”. The article itself has generated a lot of interest and many questions. Such things are not easy to prove and take book length discourses to fully understand and grasp the complexity of not just the process, but also the history behind it. Such are the expectations of pivotal events.
“The creation of an international currency unit, based on the Keynesian proposal, is a bold initiative that requires extraordinary political vision and courage”.
– Governor of the People’s Bank of China
In my previous post I briefly explained how China was in the process of assuming the liabilities of the Federal Reserve, in addition to their already held liabilities of the U.S. Treasury. Such a strong statement will require even stronger evidence. This I will attempt to achieve over this multi-part essay.
It has been rumored for quite some time that the economic powers in the world, namely the Bank for International Settlements, The International Monetary Fund, and the World Bank have been working closely with most of the worlds countries on an economic reset.
The idea behind the reset is to prevent a complete collapse of the banking industry worldwide. When one calculates the amount of debt in the world today, the instability of the whole system is obvious.
Contrary to establishment propaganda, there is no economic recovery taking place. There are many leading indicators to support that statement, none more so than global freight data. The International Transport Forum, in its December, 2013 Statistics Brief, titled “Shifting Economic Mass Towards Emerging Economies Shown in Global Freight Data”, clearly defines how the performance of the advanced (western) economies remains weak, while the performance of the emerging economies are becoming stronger.
Comment: When the whole of Western Civilization is structured around debt, and the continued creation/increase of debt, implementing a "savings tax" and "mass write-offs" is only a temporary solution. Without a fundamental change to how money is created within the system, debt will continue to accumulate and sometime down the road, 5 years, 10 years, maybe 15 years, we will find ourselves back in the same situation, or worse. - JC