By JC Collins
Without much fanfare or notice China this year launched the G20 International Financial Architecture Working Group. The purpose of the group is to reform the International Monetary Fund and the World Bank. This will take place through in-depth discussions on challenges facing the international monetary and financial systems, which include sovereign debt restructuring and the development of a global financial safety net along with a rebalancing of trade accounts, and the creation of a global reserve asset.
That first paragraph is loaded with information and purpose, and should be another massive wake up call to anyone who hasn’t yet accepted the reality of the multilateral monetary transformation of the existing framework.
The G20 IFAWG has a strong focus on global governance and the United Nations 2030 Agenda. Some of the objectives and goals of this working group which align with the 2030 Agenda are the following:
- Promote financial inclusion of other developing nations.
- Enhance governance and cooperation in the areas of energy and anti-corruption.
- Formulate action plans on energy efficiency and renewable energies.
- Implement the “G20 High-Level Principles on Corrupt Fugitives and Related Assets Recovery”?
The working group will reaffirm the G20’s commitment towards the development of a multilateral trading system which is part of a broader strategy to promote financing for trade and also to lower trade costs. This would also include increasing the participation of all emerging nations by establishing a new multilateral exchange rate mechanism.
China has invited more developing nations to this year’s summits and conferences than at any time in the past. The broad and diverse representation of all nations overlaps with the G77 attendance and focus on the sustainable development goals of the UN 2030 Agenda. It is becoming more obvious that all nations and global institutions are aligned with this long-term agenda by the United Nations.
This is the year which the action plan for UN 2030 will be developed. It is important that we pay attention to the information coming out of the G20 and other groups and institutions. The path to the future is being designed as the masses are focused more on an impending economic collapse, which never seems to materialize, and other drivel, such as drama politics and constant breaking news.
The UN 2030 Agenda is worth constant research and attention as it will define the world of tomorrow. Areas such as the G20 International Financial Architecture Working Group is so mundane and regimented that most simply tune out and look for more stimulating information.
Our worlds are filled with random and useless information which is presented as important and conspiratorial. The human mind is drawn to such information through a process of pleasure-seeking and gossip thrills.
Whether it’s the loud attention seeking headlines of certain sites and characters promoting the death of the dollar, the rise of gold, the collapse of the global economy or any number of other dumbed down and non-complex pieces, the scripts continue to misdirect and obscure the real and tangible processes which are taking place.
Some of this is intentional scripting and some of it is the attention seeking efforts of those who do not understand the complexity of the monetary and financial mechanisms which are transforming the international architecture.
There needs to be a concerted effort to focus on and understand this complexity, which is what I have been attempting to provide here on POM. The very nature of POM is in stark contrast to the cultural trend of reducing everything down to its lowest common denominator and simplifying all thought.
Reassembling the fragments which are presented will continue to be our objective, which is why understanding the moving pieces today will give us the ability to project and comprehend the dynamic world which is coming.
The 2030 Agenda and the evolution of the international financial architecture are one and the same goal. Both will create an environment to promote and accept a change in how humans function and relate to one another.
This includes the use of currency and the redefining of wealth for a world which will look dramatically different from the one which we are living in today. This world will use a true global currency called the bancor as the anchor for all trade, business, and wealth. The bancor will not be carried in your wallet but will function as a form of human credit. – JC