SDR & the New Bretton Woods - Part Four

FREEPOM, SDR's and the New Bretton Woods23 Comments

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.

SDR & the New Bretton Woods - Part Three

FREEPOM, SDR's and the New Bretton Woods18 Comments

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.