SDR and the New Bretton Woods – Volume One

JcollinsEconomics, FREEPOM, SDR's and the New Bretton Woods15 Comments

When starting Philosophy of Metrics (POM) on December 31, 2013 I had no real idea what to write about. There were some general ideas which assisted in coming up with the name for the site, but outside of that I viewed it as an opportunity to get some thoughts out.

Within a few weeks it became self-apparent that my focus was leaning towards the transformation of the international monetary system. Outside of a few older articles and vague references it appeared that no one was aggressively researching and presenting information on this transformation and the use of the Special Drawing Right (SDR) of the International Monetary Fund to achieve the evolving objectives.

SDR & the New Bretton Woods – Part Ten

JcollinsFREEPOM, SDR's and the New Bretton Woods24 Comments

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.

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.”

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.”

SDR & the New Bretton Woods – Part Five

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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.

SDR & the New Bretton Woods – Part Four

JcollinsFREEPOM, 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

JcollinsFREEPOM, 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.