Category Archives: economics
And the Rise of the Macro Central Bank
By JC Collins
Charles Dickens masterfully crafted tales which captured the smells and sights of economic destitution. From Oliver Twist to A Christmas Carol, the characters that littered the great storytellers novels found themselves alive during times of hardship, and yet maintained a stubborn sense of kinship.
The people of today are divided and disjointed into sad simulations of the literary creations of Dickens. The sad joy once expressed is now overtaken by silent and subtle anger which simmers just beneath the surface of everyday life.
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SDR Order Out of Dollar Chaos
By JC Collins
With this post I will go out on a bit of a limb as I express some of my own opinions and personal experiences in regards to past events and the planned economy of the future, as ultimately expressed by the SDR system which we discuss on this site.
It was the evening of September 10th, 2001. A close associate of mine had just called to tell me that his flight was delayed and he was stuck at the airport in Nova Scotia, Canada. Apparently, he said, there had been some sort of attack in New York and certain flights with certain airlines had been cancelled or delayed. But before midnight he was in fact on a plane heading west.
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By JC Collins
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.
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Applying Logic to Currency Sustainability
By JC Collins
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.
China and other BRICS countries are calling for a new monetary system to be implemented through the I.M.F. but are also developing a workaround so that the world economy does not completely collapse when the U.S. dollar finally hits the point of hyperinflation.
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By JC Collins
“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.
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By JC Collins
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.
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The Renminbi SDR Composition and the Great Consolidation
By JC Collins
“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
The father wiped the dirt from his hands and reached into his pocket. Keeping his hand inside for a few moments, he knowingly glared down at the boy. The air was still, the boy eager, eyes wide, dancing back and forth on his feet.
“Come on Dad, my friends are waiting”, explained the boy.
Slowly the father withdrew his hand and paused before dropping a few coins into his sons waiting hand.
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By JC Collins
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.
“The legislative process is underway right now. We want the reforms to be adopted expeditiously. It’s really the U.S. Treasury, Jack Lew and his team that’s taking the lead on getting these measures through the U.S. Congress that are required to implement the 2010 reforms.”
“Just to remind you what those are, the 2010 reforms do a couple things. One, they bring four dynamic emerging market countries into the top 10 shareholder ranks or what we call quota ranks of the institution. China, Brazil, Russia, India. It also doubles our permanent capital, the quota. And it also creates a fully elected Executive Board.”
– William Murray, I.M.F. Deputy Spokesman, Jan 9, 2014.
“The IMF is explicit in its antidemocratic leanings, what it calls “political considerations”. The SDR blueprint calls for the appointment of “an advisory board of eminent experts” to provide direction on the amount of money printing in the new SDR system. Perhaps these “eminent experts” would be selected from among the same economists and central bankers who led the international monetary system to the brink of destruction in 2008.”
– James Rickards, Currency Wars, Penguin Group, 2011
G. Edward Griffin’s mind altering “The Creature from Jekyll Island” introduced many of us to the somewhat hidden history of the U.S. Federal Reserve. It told of how the Federal Reserve Act was passed in Congress during the Christmas break in the year 1913. It was insidious. And it changed the course of human history, as it planted the seed of what would slowly grow to become the world’s reserve currency.
Though the U.S. dollar didn’t become the official reserve currency until the Bretton Woods Agreement of 1944, it is commonly accepted that the dollar had already usurped the British pound of this title well before it was officially acknowledged. As I believe the U.S. dollar has now already been usurped by another. We’ll get back to that in a while.
There was another event which took place in the year 1913 which has been little understood or known at all in the western world today. After the collapse of the Manchu Dynasty in 1911, the remaining Government of the Chinese Republic issued bonds to foreign investors for the purpose of raising capital to rebuild the country. These bonds were titled the 1913 Chinese Government 5% Reorganization Gold Loan. Emphasis on the word gold for later reference.
These bonds were pegged to the price of gold as a hedge against future inflation and were denominated in four currencies. The underwriting banks for the bonds reflect the four currencies which the bonds were interchangeable with at the time, which are now known as HSBC, Deutsche Bank, the Bank of Tokyo-Mitsubishi UFJ, and Caylon – Credit Agricole Corporate and Investment Bank.
Keep in mind that these bonds were issued in the same context as the U.S. Treasury Bonds which the world’s central banks have been gobbling up since 1944. These bonds had a yield. These bonds have never fully been acknowledged by the Chinese government. As a part of the deal with the British government for the return of Hong Kong, the People’s Republic of China did honor 10% of the outstanding bonds at about 62% of the face value. And what I can say at this time is that there is in fact a deal in the works for a final payout on the remaining bonds. We’ll get back to that in a while.
A new website called “Prepare For Change” has been created.
As posted by Cobra recently
Six task groups were created: planetary leadership group, healers group, media group, new renaissance group, new technologies group and financial group. All these groups will develop practical tools which can help easing the transition in their specific area.We have created a special website which will contain detailed instructions for the general surface population for the time of the Event:Each of our task groups will upload their specific content to the website. It will be upgraded and developed during the next few weeks and when it is fairly complete, it will be time to make it viral throughout the awakened part of the surface population.
An introduction to Charles Eisenstein and his work Sacred Economics – excerpt from http://sacred-economics.com/about-the-author/
Charles Eisenstein is a teacher, speaker, and writer focusing on themes of civilization, consciousness, money, and human cultural evolution.
His on-line writings have generated a vast following; he speaks frequently at conferences and other events, and gives numerous interviews on radio and podcasts. Writing in Ode magazine’s “25 Intelligent Optimists” issue, David Korten (author of When Corporations Rule the World) called Eisenstein “one of the up-and-coming great minds of our time.”