"It is important that the Brisbane G20 Summit on Nov. 15–16 is a success. In an increasingly integrated global economy, effective forums for economic cooperation are needed." - From the CFR Memo
On the eve of congressional elections in the United States it's time to take stock of where we are and what we can expect as we move further into winter and the end of the year. Over the last 4 to 6 years the seeds of the Multilateral Financial System have been planted and it is now time to begin harvesting what has been grown.
Money Changers and the Great Fire of London in 1666
By JC Collins
“There is no proletarian, not even a Communist movement, that has not operated in the interests of money, and for the time being permitted by money – and that without the idealists among its leaders having the slightest suspicion of the fact.”
The previous posts in this series have specifically focused on the process and components of the shift towards a multilateral financial system dominated by the SDR and the International Monetary Fund.
With this installment we will begin to review some of the peripheral aspects and structures that are, and will emerge in support of the centralized economics of tomorrow. One of the major elements of this new economic structure will be a multilateral educational system to support its effectiveness and expansion.
When I first started this blog I wrote a post titled China to Purchase the Federal Reserve. It was a very simple and broad explanation of everything we have been covering in this series. Let’s go full circle and revisit what was meant by the title of that post.
"We are working with Congress to approve the 2010 IMF quota legislation, which would support the IMF's capacity to lend additional resources to Ukraine, while also helping to preserve continued U.S. leadership within this important institution,"
“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.”
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.
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.
“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.