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IMF Now Ready To Slam The Door On The U.S. And The Dollar
Submitted by Brandon Smith via Alt-Market blog,
As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of the world will be distracted by the outcome of this crisis (for good or bad) for at least the week, I find I must concern myself with a far more important and dangerous situation.
Up to 40 people may be held by a supposed extremist in Sydney, but the entire world is currently being held hostage economically by international banks. This is the crisis no one in the mainstream is talking about, so alternative analysts must.
As I predicted last month in “We Have Just Witnessed The Last Gasp Of The Global Economy,” severe volatility is now returning to global markets after the pre-game 10 percent drop in equities in October hinted at what was to come.
We expected such destabilization after the wrap-up of the Fed taper, and the markets have not disappointed so far. My position has always been that the taper of QE3 made very little sense in terms of maintaining the manipulated illusion of economic health — unless, of course, the Federal Reserve was implementing the taper in preparation for a renewed financial catastrophe. That is to say, the central bankers have established the lie of American fiscal recovery and then separated themselves from blame for the implosion they KNOW is coming. If the markets were to collapse while stimulus is officially active, the tragedy would be forever a millstone on the necks of the banksters. And we can’t have that now, can we?
This is not to say that individual central banks and even currencies are not expendable in the grand scheme of things. In fact, the long-term goal of globalists has been to consolidate all currency systems and central banks under the outward control of the International Monetary Fund and the Bank Of International Settlements, as I outlined in “The Economic Endgame Explained.”
That particular article was only a summary of a dangerous trend I have been concerned about for years; namely the strategy by international financiers to create a dollar-collapse scenario that will be blamed on prepositioned scapegoats. I have no idea what form these scapegoats will take - there are simply too many possible triggers for fiscal calamity. What I do know, though, is the goal of the endgame: to remove the dollar’s world reserve status and to pressure the American people into conforming or even begging for centralized administration of our economy by the IMF.
The delusion perpetuated in the mainstream is that the IMF is a U.S.-dominated institution. I have outlined on many occasions why this is false. The IMF like all central banks is dominated by the international corporate banking cartel. Central banks are merely front organizations for globalists, and I am often reminded of the following quote from elitist insider Carroll Quigley when I hear people suggest that central banks are somehow independent from one another or that the Federal Reserve is itself the singular “source” of the world’s economic ills:
It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down.
The substantive financial powers of the world were in the hands of these investment bankers (also called “international” or “merchant” bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful and more secret than that of their agents in the central banks.
No one can now argue against this reality after we have witnessed hard evidence of Goldman Sachs dictating Federal Reserve policy, as outlined here.
And, most recently, we now know that international bankers control political legislation as well, as Congress passed with little resistance a bill that negates the Frank-Dodd restrictions on derivatives and places the U.S. taxpayers and account holders on the hook for more than $303 trillion in toxic debt instruments. The bill is, for all intents and purposes, a “bail-in” measure in disguise. And it was pushed through with the direct influence of JPMorgan Chase CEO Jamie Dimon.
The Federal Reserve, the U.S. government and the dollar are as expendable to the elites as any other economic or political appendage. And it can be replaced at will with yet another illusory structure if this furthers their goal of total centralization. This has been done for centuries, and I fail to see why anyone would assume that globalists would change their tactics now to preserve the dollar system. They call it the “New World Order,” but it is really the same old-world monetary order out of chaos that has always been exploited. Enter the IMF’s old/new world vision.
While the investment universe has been mesmerized by the deterioration of the Russian Ruble and oil prices, the IMF has been a busy little bee hive...
In articles over the past year, I have warned that the plan to dethrone the dollar and replace it with the special drawing rights basket currency system would be accelerated after it became clear that the U.S. Congress would refuse to pass the IMF reforms of 2010 proclaiming “inclusiveness” for developing economies, including the BRICS nations. The latest spending bill removed any mention of IMF reforms. The IMF, under Christine Lagarde, has insisted that if the U.S. did not approve its part of the reforms, the IMF would be forced to pursue a “Plan B” scenario. The details on this “plan B” have not been forthcoming, until now.
The Financial Times reported on the IMF shift away from the U.S. by asserting the authority to remove the veto power America has always enjoyed over the institution. This action is a stark reminder to mainstream talking heads and to those who believe the U.S. is the core economic danger to the world that the IMF is NOT an extension of American policy. If anything, the IMF and the U.S. are extensions of international banking power, just as the BRICS are nothing more than puppets for the same self-serving financial oligarchy clamoring for the same IMF-controlled paradigm, as Vladimir Putin openly admitted:
"In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this…"
And of course the Chinese have pronounced their fealty to the IMF global currency concept:
The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."
The BRICS are not the only nations demanding the U.S. lose its supposed "influence" over the IMF. Germany, the core economic pillar of the EU, called for America to relinquish its veto power back in 2010 just as the reforms measure was announced.
The IMF decision to possibly eliminate U.S. veto power and, thus, influence over IMF decisions may come as early as the first quarter of next year. This is the great “economic reset” that Largarde has been promoting ad nauseam in multiple interviews and speeches over the past six months. All of these measures are culminating in what I believe will be a more official announcement of a dump of the U.S. dollar as world reserve currency.
Along with the imminent loss of veto power, I have also written on the concerns of the coming SDR conference in 2015. This conference is held only once every five years. My suspicion has been that the IMF plans to announce the inclusion of the Chinese yuan in the SDR basket and that this will coincide with a steady dollar dump around the globe. Multiple major economies have already dropped the dollar in bilateral trade with China, and engineered tensions between the U.S. and the East have exacerbated the issue.
The timing of the SDR conference has now been announced, and the meeting looks to be set for October of 2015. Interestingly, this linked article from Bloomberg notes that China has a “real shot” at SDR inclusion and official “reserve status” next year, but warns that the U.S. “may use its veto power” to stop China’s membership. I have to laugh at the absurdity of it all, because there are many people in the world of economic study who still believe the developments of globalization and fiscal distress are all “random.” I suppose that if it is all random, then it is a rather convenient coincidence that the U.S. just happens to be on the verge of losing veto power in the IMF just before they are about to bring the BRICS into the SDR fold and supplant the dollar.
This is it, folks; this is the endgame right in front of our faces. The year of 2014 is the new 2007, with all the negative potential but 100 times more explosive going into 2015. Our nation has wallowed in slowly degrading financial conditions for years, hidden by fake economic statistics and manipulated stock prices. All of it has been a prelude to a much more frenetic and shocking event. I believe that we will see continued market chaos from now on, with a steep declining trend intermixed with brief but inadequate “dead cat” stock bounces. I expect a hailstorm of geopolitical crises over the next year to provide cover for the shift away from the dollar.
Ultimately, the death of the dollar will be hailed in the mainstream as a “good and necessary thing.” They will call it “karma.” They will call it “progress.” They will even call it “decentralization” and a success for the free market. But it will not feel like a positive development for the American public, who will suffer greatly as the dollar crumbles. Only those educated in the underpinnings of shadow banking will understand the whole thing is a charade designed to hide the complete centralization of sovereign economic governance into the hands of the globalists, using the IMF and BIS as “fiscal heroes,” saving the world from a state of economic destruction the elites themselves secretly created.
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Fervent, I think you've hit the nail on the head!
You still haven't offered a single argument. I'm not trolling you, I'm asking you to make a reasoned argument for optimism amongst all the 'doomers'. I personally don't read all that much into all of the IMF/SDR kind of thing, and I could do without a lot of the Jew/Zionism talk as well. What ZH mainly hits on is that we (developed nations) are all drowning in debt, a debt that is impossible to pay back. All these illusions of recovery are just that- an illusion, papered over by rampant money printing and interest rate suppression. The stock markets keep going higher every time one of these maniacal central bankers jawbone about more QE, while the labor force participation rate continues to crumble, and our real GDP continues to shrink, while paper gold, leveraged 100 to 1 continues to get slammed down during thin trading hours to maintain the illusion of fiat money strength. It's all a farce, and an evil one that is going to cause a lot of pain for a lot of people once this bubble bursts. If you find some economic signs to be optimistic about, by all means, let's hear them.
Carl, in my opinion your post is a great one. I agree with your observations about our "recovery" and the "jawboning" and such. But what strikes me most is the bias that overlays what you're saying. "Maniacal central bankers," "illusion of fiat money strength," etc.
I think that most of reality is gray. The "leaders" paint the white side of the argument -- trying to make us believe they can manage the business cycle through monetary policy. ZH largely presents the black side of the argument -- we're all going to crash and burn because were printing fiat money that will lead us all to a repeat of the Weimar episode.
I tend to come down in the middle. I don't entirely agree with the monetary policy (to say the least), nor do I think I should be digging a hole in my backyard in which to hide because everything is going to crash.
Most likely, the business cycle will resume its usual role, we'll have some hard times (maybe some very hard times), asset valuations will return to normal and we'll shake it off like a dog shakes off water.
I've lived through many boom and bust cycles, and the commensurate doom and gloom prognostications. In the end, they all ended up in the gray... not the white nor the black.
A grade school understanding of the IMF doesn't hurt either.
All of Europe's banks are tits up right now while in 'merica some clown day trader probably has sixty million in the Bank "just based on his ruble short.". The gold price is getting hammered because Europe is trading their gold for bailouts and inflation in my view.
Plus I might add the whole Ukraine thing was their idea " but they don't have the 25 billion to pay for it.". That can only come from the IMF...which means gold as collateral. That gold is backed up by the North Atlantic Treaty Organization I might add. If Putin strikes...and I think he will...it won't be European Armies defending in my view. They simply have refused to spend the monies on defense save for perhaps France.
And Europe has been just as bad to Ukraine economically as Russia has been politically.
There is away forward here however....
Oh give me a fucking break. Now you are offended if we "mislabel" central bankers? That's taking the PC a bit too far for fight club don't ya think?
Stating that central bankers are maniacal is not bias, it is a fact, a very provable fact.
Stating that the strength of fiat money is an illusion is not bias......surprise, it's a fact, again provable.
You should have quit when you were ahead, I actually considered your first point but now I see you either live a very sheltered life or have not honestly dealt with reality.
The Dog is going to shake us off like water. Read something besides Shades of Grey and edumacate yourself.
+1 Damn....thank God we still have some real "thinkers" here...
Minge,
I am in total agreement that this site has become mostly click baiting but I still visit because of days like tuesday when relevant information is being posted because shit is actually happening. Most of the crap articles are obvious. And to be honest their isn't less top notch info being posted their is just way more crap being posted for click bait. Either way I don't even read these articles, just the comments in them. /grab popcorn.
Anyway ZH has been pushing toward the importance of having gold as money because then you don't need monetary policy... discuss.
Discuss: ok....
Gold as money IS a monetary policy .... one I like I might add. Austrian style monetary policy... removing the ability of politicitians (and/or bankers) to fleece the public via expanding the money supply above the actual growth of the economy (currency debasement), on a whim, to benefit themselves.
You're completely missing the point.
It might turn out all grey in the end, but allowing black side psychopaths to prey on white side moral people will result in a much darker grey.
We nowadays have an almost entirely psychopath leader cast.
And they love it when you give them the benefit of the doubt, and they will heap more complexity on everybody so you'll have more doubts.
If you have no strong demands (I cannot find a single one in your post) on what should be changed, you should stick your head back in the sand and stop reading ZH.
Minge
You do not understand grey,, it has ALL white and black.
just a few examples.
1929... black
world wars.... black
1998 white (19 year olds pocketing billions)
2007 white. ( grandmas pocketing millions)
The grey is just in between white and black events.
Very well put, and I do think there are likely some that lurk here that "troll" for the posts with the most up arrows, not even on purpose. Perhaps this also sways some members stance on some things before they have even thought things thru.
Guilty as charged at times. There are those instances when one has to just step back and look at the broader picture. Yes, the level of corruption and evil is hard to fathom some days, however the human spirit with divine intervention cannot be stopped. Period.
This is not to say there are not some very hard and trying times ahead of us. More for some, and less for others. Perhaps sometimes one should focus on what can we do for our fellow human being in need of help. For those that have much........
That is a great idea.
I upvoted you for that.
And I upvoted you for agreeing with him agreeing with me that we don't need to have voting on the site ;-)
(I almost lost myself on that line...)
The comments section is what YOU make of it. Stop pointing fingers you filthy WOP (notice I didn't say anything about Jews or Zionists ;)
Upvote you for the WOP. Reminds me of the "Shut up you stupid Mick" skit on SNL! Touche'!
I agree, Jack Burton, that the administrators of Zero Hedge appear quite tolerant of different opinions posted as comments.
They banned Francis_Sawyer. Even ZH has its tolerance limits.
While I miss some of Francis's pithy rants, excessive joo rants are tiring. I admit it would be nice if it were all the joo's fault. We all like simple answers especially when its not our fault.
It,s ok to bash bankers and government officials. no. exception .
It's ok to bash the French and treat them ALL as cowards because we didn't stop some high speed tank assault( thanks DE gaulle for giving them the f idea) .
It's ok to call ALL military killers.....
All policeman...
but ban some guy for criticizing jews and putting you to sleep .That sucks.
Never ban anyone for anything.
Here's a general rule of thumb: It's OK to bash someone for what they do and the choices they make. It's not OK to bash someone for what they, through no fault of their own, happened to be born as.
"While I miss some of Francis's pithy rants"
@Oldwood
You see, your comment is exactly how fact, in a short period of time, becomes folklore. & pretty soon, it becomes anything anyone's opinion about it [& that takes time to write it down], decides it is.
The fact is that all he ever did was to point out the impossible mathematical imbalance of representation. He beat that same drum over & over. He urged 'rational' people to draw their own conclusions from that POV, nothing else. In a less emotional metaphor, he was basically asking how a person could get struck by lightning a dozen times & how that defied all probability normalcy.
Since it is difficult for many people to avoid being offended by what that meant (largely due to 'preconditioning'), naturally he invited & ignited foamy competition, which led to lengthly banters on the subject matter in trying to achieve a meaningful common ground.
In retrospect, I'm sure it was overwhelming at times. But many who saw it for what it was, would not describe it as 'hating'. Polarizing yes, hating no.
Good riddance. It is profoundly ignorant to focus on Jews as the overarching cause of the world's problems, and FS consistently littered the site with such views.
Cup of Absinthe, good cigar (Churchill girth), and buy some Gold and Silver.
Lather, rinse, repeat.
Call us back in the mourning.
What if, just for shits and giggles, we imagine that PMs are in fact ending as a bubble themselves? That they too are just a medium of exchange. And the world we are about to enter into doesn't give a fuck about anything that does not readily translate into calories, fuel, and life safety.
Dont get me wrong here. I believe in hedges. I believe in insulating oneself from the fiscal insanity around us. And there arent many good options out there (real estate... ha ha ha... get the fuck out of town - literally <at gunpoint>). But, IMO, thinking PMs are some sort of power play here is likely just stupid. There is a time for everything - both on the buying and selling side. Be nimble and be smart. Depending on how things go, invisible may be the trick.
I've wondered about the calorie-based economy for some time. On the surface it would appear to be a very long fall from right here, right now. However, considering all of the lies and corruption that have infiltrated every aspect of life, who know if we have that far to fall from here anymore?
At one point all of the planning and scheming may mean nothing and your life may depend entirely on a split second decision made in a moment of chaos and luck may be the only thing that matters. All I know is this shit is getting amazingly incoherent and appears poised for great instability at any moment...but then I've thought that for a while and the shit heap stays in a pile. Who knows anymore? I quit worrying about it some time ago and just try to flow through each day.
I'm 25, have followed ZH for about 6 years now, I do truly owe a lot to ZH and its posters... and yet I have no fucking idea what is going on sigh. I've remembered the excitement and dreadful foreboding of following TARP, trillion dollar coins, the Eurozone implosion, Greece, Cyprus, all the rigged markets, and so much more I cannot remember but have bookmarked, and the general precursor to a world set absolutely aflame.
This might actually be my first comment actually and it has no real purpose other than expressing one notch of my demographic's thoughts, which are massively underrepresented on ZH. I sadly relate to next to none of my peers or colleagues; they all have an inkling, but no one ever dares to ask a fucking tough question or they actually welcome their own ignorance sometimes. I try to quit worrying and flow but then the calorie-based economy is always in the back of my mind.
American Bankers don't just run America....
They run the world!
Does that help any?
The boys . . . .
I have 13 children and grandchildren ranging from 5 to 38, and my thoughts and concerns are with them all the time. Two of my adult sons get it, although only one is acting to prepare. I hope things (and my health) hold together long enough for me to continue to lay aside provision for them. Anyone coming to take away what I have put away for them should take care for his life.
My two kids are about your age, and have a slightly similar problem. Both recognize that something is wrong, and can do little about it. One the one hand, the older has friends online that do favors I wouldn't consider; one has sent a laptop and pays rent on it to enable eldest's game playing online, based on a promise to repay when funds are available (eldest recently obtained a part-time job, and has several favors outstanding to repay). On the other hand, in the past eldest has sent funds to others, and may / may not get repaid for those favors.
Younger is aware of most of the problems, and hates politics; younger's finances are in better shape, but is still getting a bachelor's degree. How younger plans is unknown to me; I suspect he expects to live with me until it all blows over. This might not be a bad plan, but independence would be better.
Perhaps your generation will find a better solution to the problems we face; online networks of friends who fund, jobhunt and commiserate with each other in order to get by. Or a whole new solution, like crowdfunding is exclusively a recent Internet phenomenon that is helping Ferguson businesses rebuild. Perhaps something not yet in our dreams, young or old.
Don't feel bad that you seem to be alone among your local peers; anyone with eyes to see will be rare, as it suits the powers that be to keep the majority ignorant, distracted and passive. Make your plans, help those you can, and let the others open their eyes when they will. Enlightenment is painful, and gratitude rare in this world. You may be able to find or create an intentional community of your own; best of luck.
ZH has degraded to pure, unadulterted dog shit. But, just like the USD, it is the least offensive dogshit in the doggie park. Says alot - unfortunately.
Confirmation bias circle jerk.
Oh and for the usual crowd - just WHAT if the USD actually doesn't get driven into the dirt. What if it is last standing. What does the world look like then? Think a little. Think hard. It is actually a much scarier outcome and far more probable than the horseshit thrown out day by day here. Fucking propoganda central.
I don't know who you are, but I'd subcribe to your newsletter!
I like the cut of his jib!
Why would anyone think that the world woulx care what the IMF thinks should be the reserve currency? It's a mystifying concept. La Garde is not the Queen of creation and even if she wanted to get rid of the dollar, she couldn't, anymore than she could order the tides. The dollar will either die a natural death or it won't. Not everything is a conspiracy.
The dollar failing is as inevitable as time. It is this simple - every empire inevitably fails along with its currency and never in the history of mankind has a country ever incurred anywhere close to the amount of debt/obligations the US has exponentially accumulated. We live in a fantasy land, filled with ignorance, complacency, and greed. And someday sooner rather than later, it will occur. On one simple level - what will occur when US mortgage rates go higher to levels that are still ridiculously low? Real estate prices will decrease because of affordability. And I am not even talking about the affect on trillions upon trillions of interest rate swap and associated derivatives.
C'mon friend.
The library isn't bad because it has "Catcher in the Rye" and "The Bible".
WHAT if the USD actually doesn't get driven into the dirt. What if it is last standing.
Then the psychopaths have won. Because it means almost everybody becomes/remains a debt serf.
But in reality that depends on 3 things:
- Military superiority. It is hard to say how much the US truly has it, as all conflicts it has been involved in the last 3 decades were against 3rd rate militaries.
- Resource control (oil, gas, coal, metals). The US never had a firm grip on it and is losing it as Putin seems to have a good game plan to bring Russia's huge resources into the chess game.
- Food resource control. Least talked about, there the US still has the biggest surplus and control. China is in a clinch as it's pretty much impossible to become self-supplying there. It might also help explain the Ukraine situation, as that has traditionally been the Russian bread basket.
I admit, I am quite cock-sure...
Well played.
I'll 2nd that...
The site hasn't changed, it's you that's changed.
No, it has. Every now and again, if I read something here I really like, I save the page. Looking back through things I saved in 2010, 2011 and 2012 and comparing them to now show stark differences. ZH is now Project Mayhem at it's largest - the hunger just isn't there, and everyone just keeps saying the same things to each other because they're/we're the only ones who'll listen.
Funny thing. I used to link Zh posts to my company's blog back in 2009 - 2010. My readers really liked the cutting edge content. Now, I've had to instruct my employees to never link ZH for fear that the readers may read the comments.
This has gone on longer than anybody had anticipated. There are only so many times you can listen to Schiff or Faber repeat the same thing, however it doesn't make it any less true and/or relevant. People who have been coming here for years are starting to doubt their own sanity as this thing continues to infinity. The point I made that the site had not changed but rather the individual is closer to the truth in my opinion as he is staring to question his own rational.
People who have been coming here for years are starting to doubt their own sanity
That's funny.
I actually ended up on ZH because 5 years ago I was looking for an answer to the question "Is everyone else crazy or am I crazy?"
The answer was given.
However nobody can expect them (or anybody else) to know how long the craziness can still continue.
Hey nobody is stopping you from posting zionist-supporting, Putin-hating, gold-selling, delusional stuff about how everything is just skittles and unicorns. There are still plenty who do, but what you obviously fear is ridicule so you blame others for your cowardice and inadequacies. Get that straight in your noggin before you start typing, and remember that there are plenty of good people here who will explain their rationale if you ask them nicely.
This is fear porn, but it's got an interesting twist. I disagree with the author's hysterics about the demise of the USD because it's a foregone conclusion and there is no reason at all why a larger basket of currencies/commodities wouldn't be better as a reserve currency or numeraire - a common benchmark against which the worth of goods and services are measured. BUT the author posits a theory that the same demented squid banksters behind the Federal Reserve will simply transfer their attention on to the SDR and control it, making the masters of the new reserve currency the same as the old ones. His theory has some merit, but considering that the BRICS national central banks (Answerable to the electorate) are not the same as the private central banks controlled by the Squids (Answerable to nobody), I'm not quite sure how that would work. It just seems like fear mongering of the unknown, using the false assumption that anything other than the USD is bad, whereas I am just sick and tired of all the corruption and manipulation by the Federal Reserve subscribers - the printers who are stealing the wealth of nations blind.
A reserve currency is one that is used most commonly in international transactions, a hard currency or safe-haven currency. There are a few that would qualify nicely, the Norwegian Krone and Swiss Franc, or any of the new soon to be gold backed currencies that have bigger volumes of trade than the old USD. That's why there's such fear and hate being whipped up at the Chinese right now, because they are one of the contenders. Let's just be logical: It's laughable to call a currency that is based on untenable debt a "safe-haven", hence the imminent change. The instability during the change is the key factor here. That is why, as far as I am concerned, the only money worth having in my savings is gold.
I don't fear ridicule in the least. I just get bored with ad-hominem attacks (skittles, unicorns, cowardice, inadequacies) that posters like you seem to thrive on. Your post is the poster-child of what's gone wrong with this site.
I'm quite comfortable debating world affairs and economics with anyone. I'm just not really interested in having that debate with people who open their argument by insulting me because of my viewpoint.
You call people assholes and drunks but you have issues with those who find your comments infantile? Again, as debating tactics go, I'd say you're quite childish. If you dislike ad-hominem attacks, don't do them yourself. If you don't want to be discredited as childish, don't post infantile remarks. It's really quite simple. Adults find tantrums quite tiresome and since this has always been fight club, you are way out of your league with your silly hysterics.
Childish. Infantile. Silly hysterics.
You're right. And you proved my point. Thank you. You are most certainly the toughest guy in the "fight club."
You bore me with your pomposity, so I'm going to bed.
Please stay there, as you have nothing really to say.
YHC-FTSE, excellent comment, as often. A few details, though
"There are a few that would qualify nicely, the Norwegian Krone and Swiss Franc, or any of the new soon to be gold backed currencies that have bigger volumes of trade than the old USD."
too small. The CHF is hiding, for a reason. The NOK was just recently trashed just for hanging around while the Ruble was offline. The reason is the sheer size of that USD-fuelled betting casino we call financial markets. The Tyrannosaurus Rex tail to the little poodle that is the real economy
"the author posits a theory that the same demented squid banksters behind the Federal Reserve will simply transfer their attention on to the SDR and control it, making the masters of the new reserve currency the same as the old ones..."
I disagree. The author posits a theory on globalists. Specifically, he posits "I have warned that the plan to dethrone the dollar and replace it with the special drawing rights basket currency system...(SDR)", coupled with "...the strategy by international financiers to create a dollar-collapse scenario that will be blamed on prepositioned scapegoats."
so you see, you both don't believe that the dollar will collapse, eventually, at least not because of it's own domestic policies, where he sees "globalist international financiers" pushing it over the brink
but the author sees a battle line drawn between Americans and non-Americans, with America being on the side of the good and evil globalist foreigners being on the side of the bad. Of course, those who "aid the globalists" are, in his view, stripped of their "Americanness"
see here: (A) "...the goal of the endgame: to remove the dollar’s world reserve status and to pressure the American people into conforming or even begging for centralized administration of our economy by the IMF"
point (A) implies that the dollar's reserve status is something like a given right of the American people. Bad foreigners want to take that away
see here: (B) "The delusion perpetuated in the mainstream is that the IMF is a U.S.-dominated institution. I have outlined on many occasions why this is false. The IMF like all central banks is dominated by the international corporate banking cartel. Central banks are merely front organizations for globalists..."
point (B) implies that the bad foreigners are wrong. That it's not the American People that have a veto right on the IMF, but globalists through international bankers through the FED. A point that does not impress foreigners, then they would reply that it's both the FED head and the US Treasury head that control the official US veto-carrying share of the IMF, and that's the US Congress that is blocking their initiative (19 countries out of the G20) to reform the IMF, mainly through the issuance of more shares and a rebalancing of the shares, which yes, would imply that the US would lose it's veto rights
this is propaganda, with the goal of having on one side the brave, good People of the United States of America and on the other side the evil foreign globalists. The good have the divine right of enjoying the fruits of a Global Reserve Currency and the bad are planning to dethrone the dollar and strip their rights away, through machinations of globalist financiers
and it's full of lies. The biggest one is this hiding of the American control over the IMF through the US share quota with blocking rights as "something that is anyway controlled by a private globalist institution like the FED". Well, it's simply not true
Yes, perhaps the FED has all those "globalist bankers" controlling it. They are nevertheless American bankers, the same American bankers that he paints as international bankers in "we now know that international bankers control political legislation as well"
Meanwhile, the US Treasury Secretary is the leading US representative at the IMF, and his sheer "Americanness" can be easily pointed out that he is not only appointed by the US President and confirmed by the US Senate, even the US Secret Service reports to him. Further, for foreign eyes those lies are even made worse by the very fact that it's the US Congress that is blocking this reform
And this is really the point where foreigners think there is something rotten. How can he lie so blatantly and still get applause by his audience? he tries to paint the IMF as something that has as little to do with the US as possible. the international partners want a reform, the US Congress blocks it, but no, there is no US control - or at least no American control - over the IMF because... because international globalist bankers control everything in the US. Well, perhaps they do, but stop calling them international. and wrap that into this "globalist" label. They are American bankers, and it's all about them and American politicians (who, if they are controlled by the globalist international bankers, then are blocking the IMF reform plans on their behalf, aren't they?)
and I don't care if they have two passports. that's an American issue. they walk around wrapped with American power and the US Flag. we foreigners can't treat them as not-American
all in all, from a foreign point of view, disgusting propaganda, apt to whip up a frenzy of hate versus all things foreign the very moment the dollar loses it's international dominance, blaming a "globalist" aka foreign influence on good ol' America... instead of domestic policies
nice post. Got some quibbles.
We Americans aren't sure who's American right now. Would an American, as President, pursue Islamic interests (trying to make Islam appear more acceptable when <8% of American public is Islamic), try to divide the country along racial lines (Holder's NBPP / "Cowards" comment, Sharpton visits White House, etc.), discourage infrastructure (Keystone)? Many remain unconvinced Obama is acting in America's interests in any real way.
There has always been an undertone of "conspiracy theories" in American discourse. After the Revolution, the British printed Continental dollars to try and break the new republic with inflation, which succeeded. There are similar theories today, from "FDR knew Pearl Harbor was coming, and wanted it", "JFK was assassinated at the orders of LBJ", "Twin towers .... " This leads to a dichotomy where you lose faith that your leaders act in the best interests of the country.
There are groups operating in America who stay in the shadows. Bilderbergers, Trilaterals, Rockefellers, "Illuminati", and so forth. What are they up to? Could it be that they control the financial policy and institutions of this country, and are steering it towards the rocks for their benefit?
It's just as mistaken for foreigners to consider America as a monolith, as your comment appears to do. " Meanwhile, the US Treasury Secretary is the leading US representative at the IMF, and his sheer "Americanness" can be easily pointed out that he is not only appointed by the US President and confirmed by the US Senate, even the US Secret Service reports to him." If Americans controlled the IMF, the question of reserve currency status for the dollar would never have been considered seriously; the discussion would have been strangled in the cradle. IF the IMF does pull the American veto, though, where will the funding come from? Bankers, US, American or foreign, don't invest where outcomes are uncertain.
Other than that, enjoyed your post. We all see the world through our own sunglasses, filtering things accordingly.
Fear porn? The writer backs his work well. Reality does not change because you don't like how it makes you feel.
It has nothing to do with how I "feel." If you financially followed the fear porn on this site since it went chaotic after 2010, how would you have fared?
Where I shop, feelings don't buy much salami. So, before you attribute my comments to my feelings, perhaps you should check your account statement. I don't want to be presumptuous, but I would guess it's smaller than it was 5 years ago.
It cost me well over $150k. That's how much I would have made had this site not scared me out of the S&P 4 years ago. Why do I still come here? Just a very expensive addiction, I suppose.
There's this guy named Peter Schiff you should invest with . . . .
I got spooked out of stocks in late 2009 and also lost a good job in part because my productivity sucked due to reading too much Zerohedge. That was 2011. All the silver I could have bought since then...
<--- I'm gonna survive the coming Crunch because I'm prepared
<--- I'm gonna drink, drug and dick my way to the Crunch, and die soon after
I guess I'm an optimist; I know I could die, just from random events during / after the Crunch, but I'm still stacking, planning and dealing, not trying to enjoy it all before it's gone. Deluded, perhaps, but I am better prepared than 98% of the world, just with my piddly little assets...
Most do not fully comprehend what SDRs are, and what they mean to the the future of the American country, people.
Normally hyperinflation causes the debts of the people to evaporate away. When a loaf of breed is $100,000 and one owes that much on their home, no more mortgage. The thieving banksters know this, and have devised SDRs as a way to thwart this process.
They will force the American people to pay in SDRs or the equivalent, despite a loaf bread being $100,000 and no jobs being available. They will then come and take the underlying collateral, and/or put people in debtor prisons.
And for those thinking that the courts will say "ney, ney," you should really come up to speed on Zionism and what control of the courts by them really means to you and yours.
The above is another motivating factor in their efforts to get our guns, as, like in a dark alley with a mugger, some one is going to pay, either you, or they.
An American, not US subject.
"Guillotines are the best way to pay back fiat based debt."
No problem with the SDR concept.
Only problem is that it is no more stable than something such as the euro. Get your currency included in the SDR package then inflate to the limit. There is still a market for it in that SDR. Just the same as Greece issueing Euro denominated bonds and, as part of Euro, having them valued at 100 when the Euro bank buys bonds.
so you mean SDRs would do to the American People what the USD as global reserve currency does since 1971... to the rest of the world? here my rant about it
Essentially, yes.
As an American, and though not directly responsible, I can only ask you for your forgiveness.
But beware, they are on your shores as well, and ramping up operations there. Europe is to be the new war-dog of Zionism.
Don't just look at the history of America, and our fate, in anger. Look at the history of America, and our fate, as a lesson on Zionism. Learn the lessons, avoid the fate.
Fraudulent-reserve banking and large criminal government are their instruments of power, theft, and murder. Take those away, and they fade away.
And guard your children with all your might. Zionism needs you plowing, and your children stealing, and killing for them, otherwise it does not work.
An American, not US subject.
Breathe your own fresh air and speak same, no one likes criticism without a solution ~ it's non productive whining. With that being said I applaud ZH steadfastness, research, and the truth it seeks, 5 plus years and counting.
It has kind of gone to krap like kitco; bunch of emotionally crippled men, stacking ammo and bemoaning their alienated relationships from their wives and kids. And the usual complaints about how worthless and lazy all the sheeple are.
Ah contraire.
I am an evil hating, prepping, greenbacker who loves his country, but not this shit.
I fart in your general direction.
:)
everything is a threat to get the proper response. There are no solutions, only threats of greater disasters. A shitty fraternity of escalation pledges to retain membership.
This is the 21st century's version of the guy standing on the corner with the sign --- "The end is near"
Almost every threat these assholes make is an idle one simply to create fear and the desired response...capitulation. We saw it in 07/08 with the emergency bank bailouts where we were told the end was near if we didn't cough up th emoney. Meanwhile the banks go from on their knees to record profits in a few short years. Do we believe in miracles?
Yay though I walk through the valley of the shadow of death I shall fear no evil, for thou art with me.
USMC version: "Yeah! Though I walk through the valley of the shadow of death I shall fear no evil, for I am the meanest mother-fucker in the valley."
If the IMF follows through on bashing the U.S. dollar, expect Obummer to unleash the Justice Department on the New World Order lackeys (Mayor Bloomberg, crooked Manhattan DA Cyrus Vance and PC Ray Kelly) who framed Dominique Strauss-Kahn for rape with the help of a prostitute/hotel maid.
Kill it already! As a PM's holder, I'm looking forward to laying bare the corrupt western banking system and all it's fraud...
In 2002 Timmothy Giethner worked for both the IMF and the Federal Reserve Bank of New York. His job(s) was so hard that he screwed up his 1040. He was also so underpaid he did not have enough money to pay H&R Block to do it for him. In 2008, He was nominated by POTUS for Secretary of the US Treasury. He was approved by the US Senate.
The IMF could not find the door to slam on the USA.
Exactly. I like Brandon's spirit, but like the greater fools such as Chuck Smith and the Peak Prosperity dolts, they have never worked in the industries or with the people they talk about. I cringe when I read some of this stuff, if they only knew the characters or institutions they were attributing so much credit and forward thinking to, they'd be embarrassed!
SDRs are still on? I thought this topic was long dead.
It's over Johnny . . . IT'S OVER!
History has proven that wars waged on multi-fronts simultaneously do not always end well for the aggressor.
Particularly if one of those fronts is with Russia.
This energy-petro-currency war may be no different.
Of course the IMF says that. They need to be on record pointing out the awful Federal Reserve caused the world economic collapse. This proves that sovereign nations should never be in charge of a reserve currency. This is why you need to All Your SDRs Are Belong To Us. Oh and they are 10% backed by all the fucking gold we stole from everyone.
Just speculation: but recent low prices in oil (putting oil on sale in order to increase oil purchases) may be a way for the US to maximize petrodollar profits from oil sales, which would be an indication of US desperation before petrodollar collapse...
This is the start of the collapse.
Like that moment when the crimp appeared at the the top of Building 7.
It may not fall as fast but it is as intentional and controlled...and covered with the fingerprints of the same psycho-criminals.
YOU DECIDE - heard at an AA meeting - " this is the type of alcoholic I was: I would steal your money then help you look for it." As soon as I heard it , my next thought was - " that's a great description of the standard operating procedure within The Federal Reserve System. "
No, it wasn't an islamic extremist.
It was a nutjob who had been charged with fraud in Iran some years ago, fled the country & claimed political asylum here in Australia. It was given & he spent the next decade publically lambasting Iran as evil terrorists until he ran afoul of the Australian government by sending letters to families of soldiers killed in Afganistan, saying that children were being killed by Australian troops.
Obviously it doesn't matter that children were being killed in Afganistan by Australian troops, because he was charged & convicted of some offense & it all went downhill from there.
The Iranians had even attempted to extradite him back to Iran to face fraud charges, but that didn't fit the 'Iran is a crazy tyranical terrorist' narrative, so the cops here ended up painting the wall with him.
How did he get a gun?
Sounds exactly like the nut job that kill the soldier at the war memorial in Ottawa.
Asked to be put in jail to get off crack
Had a couple convictions for petty crime
Said he hated Canada and wanted to move to Saudi Arabia
The government preventd him from leaving the country
Aquaintances described him a mentally unstable
lifetime ban from owning guns
Just a lone wolf nut job or someone who had handlers?
http://www.macleans.ca/news/canada/michael-zehaf-bibeau-addict-drifter-w...
I doubt either had handlers when they flew off the 'handle'. What I'm saying is that the guy in Sydney was given asylum because he was prepared to give the government narrative free publicity.
Fuck, he was probably getting welfare payments for being a crazy cunt.
Altucher 20,000!
Yeah sure, IMF ready to give up on Wall Street and Brussels and their death grip on the citizens of Europe and the U.S.
Maybe 10 or 15 years from now, but not while the getting is so good.
1913
On March 4, Woodrow Wilson is elected the 28th President of the United States. Shortly after he is inaugurated, he is visited in the White House by Ashkenazi Jew, Samuel Untermyer, of law firm, Guggenheim, Untermyer, and Marshall, who tries to blackmail him for the sum of $40,000 in relation to an affair Wilson had whilst he was a professor at Princeton University, with a fellow professor’s wife.
President Wilson does not have the money, so Untermyer volunteers to pay the $40,000 out of his own pocket to the woman Wilson had had the affair with, on the condition that Wilson promise to appoint to the first vacancy on the United States Supreme Court a nominee to be recommended to President Wilson by Untermyer. Wilson agrees to this.
Jacob Schiff sets up the Anti Defamation League (ADL) in the United States. This organisation is formed to slander anyone who questions or challenges the Rothschild global conspiracy as, “anti-semitic.”
Strangely enough, the same year that they do this they also set up their last and current central bank in America, the Federal Reserve. Congressman Charles Lindbergh stated following the passing of the Federal Reserve Act on December 23,
.
.
.
1944
In Bretton Woods, New Hampshire, two further Rothschild world banks are created. The International Monetary Fund (IMF), and the World Bank.
.
.
.
1945
The Rothschilds take a giant step towards their goal of world domination when the second, “League of Nations,” called the, “United Nations,” was approved this year.
.
.
The conventional wisdom says the IMF is controlled by the USA and the dollar hegemony crowd.
The markets are all betting that when the shit hits the fan, the IMF will appear and issue Special Drawing Rights to one and all, and recapitalize the whole shooting match!
Could conventional wisdom be wrong?
Sure. Conventional wisdom is that the credit of the US is 'good as gold', or something approximating.
when I see the term "SDR" or "XDR", I replace it with the phrase "basket of national currencies backed by the full faith and credit of IMF member countries"
so, your post would read like this...
"The markets are betting that when the shit hits the fan, a coalition of countries will appear and issue a larger basket of national currencies backed by those same member countries"... specifically, a larger basket of USD, Euros, pounds sterling and yen since that's the only currencies XDRs can be converted into...
you have to ask yourself when you read it that way... what the hell would change, really? what's so different about that? when the shit hits the fan, a bunch of countries _that matter_ will work together to print as necessary... whoopty fuckin' doo... a coalition of countries that's headquartered in the USA, and which the USA has total fucking control over for all intents and purposes... why do I say that? because the whole reason the fucking IMF was created to begin with was to have a backstop if *real reserves*, namely gold and US dollars, became hard to come by...
you guys get worked up over the IMF and XDR parlor tricks when all that organization does is confirm US petrodollar and Western economy supremacy... stop losing sleep over this shit, it's not worth it
Ever wonder about how big shot bankers set the value of USD, GBP, Yen, Euro?
Is it possible that we can determine the exposure of the Elites by the Trade of their Currency?
It makes sense till I look at the Swiss Frank. But maybe Luxemburg, Lichtenstein, and others are heavy into the Swiss Frank... What do I know about it.
I suspect UK Elite are higher than USA Elite.
The dollar will collapse as soon as they run out of zeros.
SDRs are no more relevant that fiat currencies that compose them. So, in case of total collapse IMF wouldn't be able to come on top since underlying economies would hardly be able, much less willing to fund such a nebulous entity. IMF is a wrap-up around globalized trade and financing, which when falls apart, will bury everything underneath it.
SDRs are no more relevant that fiat currencies that compose them. So, in case of total collapse IMF wouldn't be able to come on top since underlying economies would hardly be able, much less willing to fund such a nebulous entity. IMF is a wrap-up around globalized trade and financing, which when falls apart, will bury everything underneath it.
Conventional wisdom is almost certainly wrong; but then there is the little matter of The Bomb, and how many carrier fleets is it now?
The US Ruling Class may or may not submit peacefully to an IMF takeover. No matter how powerful the uber-bankers may be, there are still life and death struggles between predatory ruling classes, and always the fear of what will happen when the "sheeple" awaken.
Nothing is certain.
"America who will suffer greatly as the dollar crumbles".That's not true...only loosing banking hegemony influence.the value of currency can keep being the same...if they do it diplomaticly and peacefully.
Trillion Dollar Spending Bill Includes $1,000 per Month, per Member of Congress To PAY FOR THEIR CARS
http://www.examiner.com/article/spending-bill-includes-1-000-subsidy-for...
Seriously how many more last drinks articles can this place have?
The sun's come up and gone down again at least twice and the bartender keeps pouring 'em.
The American sheeple will soon know, and understand, well, not understand, what SDRs are.
The rapacious Zionist bankster are not just going to let their inflation annihilate their claims on their draft animals, the American people.
They will demand payment in SDRs, and/or equivalent.
An American, not US subject.
My lawyers at AK, AR, and Glock say your SDRs are null and void.
Is their a penile thing going on with the guns?
Did your dad beat you, but for your own good?
Have you ever shot a deer from the window of your mobile home?
Someone who must remain unnamed, but for whom I hold the highest respect, said the following just 11 months and seven days ago while I was in his presence: As bad as it is now, it's as good as it's going to get.
Let that roll around in your heart for a moment and prepare accordingly.
Very much the same as the Russian joke,
How is today?
Normal.
Worse than yesterday.
Better than tomorrow.
Great Russian saying, "Hurry up and wait."
That's a US Army saying.
The banking cartels are digging their own graves.
"He that oppresseth the poor to increase his riches, and he that giveth to the rich, shall surely come to want. Rob not the poor, because he is poor: neither oppress the afflicted in the gate: For the LORD will plead their cause, and spoil the soul of those that spoiled them." Proverbs 22.
James 5:1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
5:2 Your riches are corrupted, and your garments are motheaten.
5:3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
5:4 Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
5:5 Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
When I started reading ZH I thought that the SDR thing would have been a done deal by now. I guess the world has to complete the trip through the sausage grinder and the blood runs in the street so the banker boys can pick up all the goodies.
Yeah, from my US Perspective there is a great leveling out of the middle classes, while loading the upper middle class with Medical Debt & Education Debt... and forcing all people to compete for very few jobs and a Decapitalized Manufacturing Economy.
Here is one quote from above about the IMF run by Europeans:
"I am often reminded of the following quote from elitist insider Carroll Quigley when I hear people suggest that central banks are somehow independent from one another or that the Federal Reserve is itself the singular “source” of the world’s economic ills: "
The Global Idea of Middle Class is corrupted by European Bankers and Wall Street who seem to support each others Corruption, Frauds & Fascism. The problem is many just think they deserve more and are better than the commoner.
Isn't it Saul Alinsky doctrine to use crisis for change? Or Cloward & Piven Strategy? Or NeoCon PNAC Strategy?
I guess all three.
Drone Bilderberger meeting.
Problem solved.
Anyone with half a brain knows that the IMF and UN are controlled by USA so this article heading is completely wrong.
Just look how the IMF has destroyed or tried to take control of countries to date. The Ukraine being the latest. I am in Thailand at the moment and that is another country that the IMF took control of in 1997 telling its government what it could and couldn't do.
The whole purpose of the BRICS agreement is to protect itself from the IMF (read USA) control. I cannot see China or Russia getting involved with the IMF and that would seem what they have agreed because China appears to be prepared to financially bail out Russia. Probably the IMF (USA) were hoping to get the Russian gold in exchange for paper debts due to the manipulated fall of the Russian ruble.
So NO I don't see the IMF suceeding in what this article is claiming.
After the Venezula experience one would think China had learned some lessons.
Maybe twice burnt will be enough instruction.
Additionaly the FED squid all ready controls the bank of India, Brazil, and South Africa.
I thought that article above was relatively good, especially since it repeated one of my favourite quotes from Carroll Quigley, who also could be quoted to have written the following:
"powers of financial capitalism
had another far-reaching goal,
nothing less than to create a
world system of financial
control in private hands
able to dominate the
political system of
each country and
the economy of
the world as
a whole ..."
Anyone who seriously investigates discovers that the currently established systems of debt slavery, backed by wars based on deceits, were made and maintained by the best organized gangsters, those international banksters. There is no reasonable doubt that they were able to persistently apply the methods of organized crime to the political processes, in order to reduce the vast majority of politicians to their puppets, who are voted for by enough of the masses of muppets, in order to perpetuate the vicious spirals of the social pyramid systems.
The deeper history was that of warfare selecting for the War Kings, who made and maintained the sovereign states, whose powers were covertly captured by the Fraud Kings, the international banksters. In that context, I found nothing to disagree with in the article above, EXCEPT that it grossly understates how serious the situation is, and therefore, grossly underestimates what realistic resolutions for that would have to be.
After several years of reading Zero Hedge articles and comments, those are my main criticisms of this Web site generally. My opinion is that things are WAY WORSE than is usually presented to be the case, and therefore, any genuine solutions are far more improbable, because they would take far greater political miracles in order to ever be actually implemented. Identifying who may currently be considered to be the international banksters, and which people are working for them, barely scratches the surface of the deeper problems.
My basic view is that the globalists, or international banksters, etc., may well have made and maintained the systems that exist now, and they may well have an agenda for the continued development of their social pyramid systems in the foreseeable future. However, since their social successes were based on being able to back up lies with violence, INSIDE human societies, developing systems of legalized lies, backed by legalized violence, through their control over the national political processes, THEY ARE NO LONGER IN CONTROL. NOBODY IS IN CONTROL!
The world has become globalized systems of electronic monkey money, backed by apes with atomic bombs, that are actually way more criminally insane than anyone is able to fully understand, because their "successes" were based on being able to back up their lies with violence INSIDE human societies, which enabled those societies to develop attitudes of evil deliberate ignorance towards everything which was relatively more objective, beyond the boundaries of that sort of social control.
The established systems are based on entrenched ENFORCED FRAUDS, wherein money is measurement backed by murder. The astonishing degree of "success" of social pyramid systems, based on being able to back up lies with violence, has enabled a tiny, tiny, tiny minority of the population to effectively control the vast majority. However, that "achievement" is profoundly paradoxical, since it requires that the vast majority of people adapt to live inside social systems which deliberately ignore rational evidence and logical arguments, in order to continue to be socially "successful" within systems based on enforced frauds.
I began to worry about the human world being based on exponential growth backed by weapons of mass destruction several decades ago, when I was a teenager. I have spent as much effort attempting to understand that situation as anyone else that I am aware of, and I HAVE ALWAYS FOUND THAT THE MORE I LEARNED, THE WORSE IT GOT! It is practically impossible for anyone living INSIDE of human society to gain proper perspective upon the degree to which that society has become criminally insane, especially with respect to any longer term perspective one attempts to imagine in those regards! In my view, guys like Brandon Smith (and practically everyone else who publishes on Zero Hedge) grossly understate how bad things really are, and therefore, grossly underestimate what genuinely better resolutions of those problems would take.
Brandon Smith's article above appears to me to be correct regarding what the criminally insane agenda of the ruling classes appears to be, and how tragic carrying through those plans will probably become for the majority of the American people, as well as for the rest of the world's general population. However, guys like Brandon Smith seem to me to never look deeper at the facts that the only way there could be a better money system was if there was a better murder system to back that up.
At present, we have systems of electronic monkey money, backed by apes with atomic bombs, which are ENFORCED FRAUDS enabling attitudes of evil deliberate ignorance towards any rational evidence or logical arguments that are OUTSIDE of those human systems, being based on backing up lies with violence "successfully" for thousands of years, INSIDE SOCIETIES WHICH WERE BECOMING MORE CRIMINALLY INSANE, AT AN EXPONENTIAL RATE, THROUGHOUT THAT TIME ...
The international banksters are implementing a criminally insane agenda, which automatically becomes more criminally insane the more successful that becomes! The paradoxes we face are precisely due to the final consequences of systems of legalized lies, backed by legalized violence, being able to control civilization, in ways which worked all too well in the short-term, but whose longer term consequences became worsening criminal insanities faster and faster ...
Indeed, the ruling classes are attempting to carry forward their agenda of consolidating a globalized system of enforced frauds, wherein they will continue to be able to create the public "money" supply out of nothing as debts, which situation everyone else will be forced to continue to accept and adapt to live within. However, the more "successful" those systems of enforced frauds become INSIDE SOCIETY, the more criminally insane that society becomes as a whole, and the more psychotically detached that society becomes from relatively more objective evidence and logic regarding its predicament.
Since everyone was proportionately successful within society by accepting and adapting to living INSIDE those systems of enforced frauds, which required them to relatively discount or deliberately ignore any other rational evidence or logical arguments which exists OUTSIDE of that frame of reference, it is practically impossible for anyone INSIDE of those systems to fully comprehend how criminally insane they have become!
Human civilization is almost totally based on being able to back up lies with violence, with the international banksters being the ones that are currently the best at doing that. Human systems must have their death controls at their core. Artificial selection is necessarily inside natural selection. Political economy is necessarily inside human ecology. However, at present, our existing death controls operate through the maximum possible deceits, which back up debt controls based on the maximum possible frauds. IF one does not grossly understate how serious those problem ARE, then one would not grossly underestimate how difficult it would be for the human species to develop better death controls, in order to back up better debt controls.
I read some place today that the third stage of Fascism is where Traditional Elites called Conservative Elites decide to Join with Brownshirt Fascist movement. The EU Royalty could be like this... and could join with Asian Elites and American Wealthy Interest... all for Dynasty & Wealth with no regard for a Middle Class or an American Idea.
"Our nation has wallowed in slowly degrading financial conditions for years, hidden by fake economic statistics and manipulated stock prices. All of it has been a prelude to a much more frenetic and shocking event. I believe that we will see continued market chaos from now on,..."
EU can reassert power over European Members of NATO... and move for SDR. The US Reputation is now no better than any of the old European Empires from more than a Century ago. EU could wish to enjoy the low cost goods from Asia and the Rest of the World. They have Dollar type stores in Europe that are well known by the Brand Names: Lidol, Aldi, and Penny Mart.
My Economic History is terrible and world history not great.
Powerful Relationships remain hidden from the common man as do the Wealthy and the Riches. World Dynastys must use destruction of info, history, and science & technology to hold power as well. Today with the Crisis in Europe, why not move away from the USA, US Politics, US Power, USD, and US Crooked Finance?? Be a hero and stop the war with Russia by reducing links with USA.
Europe might be moving back to Aristocracy, Royalty & Technocrats rather than Fascism, but it all smells the same doesn't it.
The 14 Characteristics of Fascism by Lawrence Britt
http://globalresearch.ca/articles/BRI411A.html
Financial investments are controlled and kept low when it could grow the Middle Class, but they have plenty of money to put into Financial Schemes in Wall Street or London in Casino type gambling. That plus wage stagnation, household debt, transfer of taxpayer dollars to War Contracts, and the huge pool of work force that doesn't have good jobs is all you need to know really... from the "Everyman" Point of View.
Look how the Criminally Insane complain about spending on Alternative Energy while spending $1 Trillion on MIC, Bailing out Banks, allowing massive Wall Street & Corporate Fraud, and never questioning the $1 Trillion spend on Medicare/Medicaid each year(which is a service but all the money goes to corporations & insurance).
Who is Lawrence Britt?
There is no “Dr. Laurence Britt, political scientist” and there never was. There is only Laurence Britt, former executive and author of a single book, who wrote the 14 Signs. Far from being anything resembling an expert on politics, much less Fascism specifically, Britt is a former corporate executive who worked for such corporations as Allied Chemical, Mobil and Xerox Corp and studied business at Northwestern University.
http://therightstuff.biz/2014/01/22/fascism-no-one-a-response-to-dr-laurence-britt/
Here are the notes below. Not sure if I can find the original source for Britt. I guess you are not a current writer?
-
Andrews, Kevin. Greece in the Dark. Amsterdam: Hakkert, 1980.
Chabod, Frederico. A History of Italian Fascism. London: Weidenfeld, 1963.
Cooper, Marc. Pinochet and Me. New York: Verso, 2001.
Cornwell, John. Hitler as Pope. New York: Viking, 1999.
de Figuerio, Antonio. Portugal—Fifty Years of Dictatorship.
New York:Holmes& Meier, 1976.
Eatwell, Roger. Fascism, A History. New York: Penguin, 1995.
Fest, Joachim C. The Face of the Third Reich. New York: Pantheon, 1970.
Gallo, Max. Mussolini’s Italy. New York: MacMillan, 1973.
Kershaw, Ian. Hitler (two volumes). New York: Norton, 1999.
Laqueur, Walter. Fascism, Past, Present, and Future. New York: Oxford, 1996.
Papandreau, Andreas. Democracy at Gunpoint. New York: Penguin Books, 1971.
Phillips, Peter. Censored 2001: 25 Years of Censored News. New York: Seven Stories. 2001.
Sharp, M.E. Indonesia Beyond Suharto. Armonk, 1999.
Verdugo, Patricia. Chile, Pinochet, and the Caravan of Death. Coral Gables, Florida: North-South Center Press, 2001.
Yglesias, Jose. The Franco Years. Indianapolis: Bobbs-Merrill, 1977.
They wont goose-step or wear brown shirts or carry Swasticas.....they will be dressed in business suits, and they are called Neo(Nazi)CONS......
Yeah, we have so many authority figures these days... Private Executives, Public Federal Executives, Congress, Lawyers, bankers... Where I am even business managers seem to treat customers like employees.
The article was saying that often Rural people were selected to become the Brownshirts partly since there is less intelligence or education. I'm not 100% sure that is accurate for the USA. But I do seem people who are very traditional, demanding, controlling...
Maybe I have a Bias for thinking Business Managers make good fascists.
Radical Marijuana; http://www.zerohedge.com/comment/reply/499029/5549598#comment-5549598
"In keeping with my attempts to radically transform the philosophy of science, I attempt to radically transform the basic ways that we presume we understand subtraction. "
I'm off subject here, but you reminded me that we don't create the interest on bank loans when banks create money... that and that we create Debt Based Money as Bill Still talks about.
Social Pyramids is what you were talking about. Some broad ideas here.
I agree that "it all smells the same doesn't it."
Speaking of Money As Debt, I put Bill Still near the top of my list of Excellent Videos on Money Systems.
The Dollar has been getting stronger for some time and will continue to get stronger in my opinion. This will eventually cause US exports to crater. This along with deflation through government confiscation of the productive to fund the unproductive will do in the economy.
Smith has pretty much nailed it with this article, but the so-called 'globalists' are not engineering the self-destruction of the petrodollar
as that was effectively done by the American exceptionalism we all witnessed when Congress deinstitutionalized Glass-Steagall at the request of Robert Rubin, Alan Greenspan, and Larry Summers. These American exceptionalists thought they could 'rule the world' [see Time
Magazine] with their American monetary alchemy and they wholeheartedly failed in their endeavor. The IMF and the World Bank are merely picking up the pieces of that self-destruction and moving on to greener pastures like any normal business person would if they encountered what the Americans have been doing for the last century. The American dollar has run a course to complete ruin and it is nearing the time when we are all going to have to face that reality en masse. Bear Stearns imploded March 10th 2008 and by March 10th 2015 we will have gone through exactly seven years of a no growth global economy that has no expectation of growth in the near future. If the global village wasted another year on a fully bankrupt American economy, and petrodollar, chaos would undoubtedly ensue Worldwide anyways. The problem is not a matter of if the dollar is finished, but more importantly, the problem is that the dollar has indeed failed and without intervention of some sort we will simply be exacerbating the issue and not resolving it as we all know we should. Emerging markets should not have to fund American Neo-Liberalism any longer and a global reset is the only sane course to take in the new year IMHO. Frankly, American aggression Worldwide is no longer an acceptable way to conduct business in this day and age. Every country in the World is tired of American aggression and violence towards EM. This shit cannot continue in the new year and Americans en masse are going to have to grow up collectively by March 10th 2015.
and Brandon Smith is who?
Yeah, let's ask Obama what he thinks...
If this statement were true: Only those educated in the underpinnings of shadow banking will understand the whole thing is a charade ....... we'd be home by now. The charade can go on a lot longer than we care to think about. And everybody knows it.
Apart from a couple of,in my opinion, examples of unnecessary dissing of contrary opinions, this seems a well researched and logical post.
Unless one believes that we live in an entirely random universe, a certain overall trend toward increasingly centralised control,is apparent.
The question then becomes, by whom,and ,for what purpose?
This article gives one possible scenario.
An interesting observation(from the post) points out the mistake which may lie in accepting the apparent East-West schism, which the MSM and the financial media seems now to be promoting.
Important to remember this: "I care not which puppet sits on the throne (of England) show me who controls the nation's money,and I'll show you the real power". Or words to that effect.
Dollar gets so strong it destroys our own economy. The dollar gets strong because no other currency is worth holding even the fabled yuan. As other countries including the EU crumble, the rush to the dollar will be a sight to be seen. The will not be fun though.
Speaking of central banks...
Central Bankers suppressing Russian economy:
https://www.youtube.com/watch?v=VT085isnyB0
As Brandon Smith has previously pointed out, Russians do NOT control their own central bank systems. The details about that are in this book:
http://lit.md/files/nstarikov/rouble_nationalization-the_way_to_russia's_freedom.pdf
Rouble Nationalization – the Way to Russia’s Freedom
Good Video above. Good info. I actually was talking about Nationalizing the Russian Banks 2 days ago. Sounds like Nationalizing the CB or Ruble is another way.
The USD will crumble less quickly than the EURO and BRICS not China. CNY will likely rise against USD. China can't pump its currency too high as it still requires a huge export engine to meet their still growing POP base. EURO and GBP will likely keep on par with the USD. Decoupling the USD from WTI would have a much bigger impact as the world still runs on energy.
The big question is how much will PMs figure in the 2015 SDR? or Energy? The mad rush to decouple in 1999 was driven by the need to hold a variety of reserves in preparation for a new Bretton Woods. Now that the banks can hold reseserves around the world and can manipulate PMs, commodity, and other markets deregulated by repeal of Glass-Stegal. The opening is present for a new world reserve system. Bring it on.
http://en.m.wikipedia.org/wiki/Dominique_Strauss-Kahn_sexual_assault_case
The last guy that wanted to fuck the US. He ran the IMF
IMF = The biggest date-rapist on the block.
IMF = The front group for multinational corporations that lures countries in with sweet talk and then proceeds to financially fuck them senseless.
IMF = Laughable to purport it could or would lead the world out of the "dollar dark ages".
I was under the impression joining the IMF prevents any prospect of a 'golden Yuan'
as the IMF make members promise not to use that dirty gold as it would show up the other emprerors new clothes fiat currencies
If Largarde insists plan B, she will be prosecuted of some made-up charges like predecessor.
They already have cases waiting in the wings. She is controlled.
to put it short
IMF was trying to take over printing press from the Fed but the US Congress refused so now IMF is becoming irrelevant and instead we going to get several world currencies competing with each other and determining their spheres of use
You know this anti US dollar meme is getting really old. In fact its not really anti dolalr, its anti anything USA, the dollar just being symbolic.
US dollar is going nowhere folks, and if your trading corresponds to this death of the dollar fantasy then you are going to get taken to the cleaners.
if you're wedded to a long gold position you have nowhere else to go. i'm backing king dollar for a while yet.
I do tend to agree that it's gonna be an ugly few years for gold, but as you surely well know, the sequentialized destruction of global currencies only leaves the dollar relatively stronger. Relatively strong and truly strong are two different things, as QE4 will clarify about 18 months from now.
gold has held up relatively well in the face of king dollar. policy normalisation might be a different story.
The recurring ZH themes are not "anti anything USA," as Coldcall immaturely generalizes. Some of us are just pissed off at having our country infested, occupied, and overthrown by the bankster cabal's global corporatocracy. You might be just fine with this inverted totalitarian model, Coldcall, but you'll find plenty of posters here at ZH who prefer instead to advocate for restoration of constitutional primacy and elimination of debt-based money.
Who is being immature? The whole anti US and anti dollar meme is the absolute nonsense and totally immature. I might be fine with a totalitarian model? So if i dont agree with this idea that the US is going to collapse and dollar will be worth nothing, and lose reserve currency then i am a totalitarian.
Total nonsense, grow up.
Coldcall the Nebbish twit has spoken...
Really ? Apart from some standard spins on fiscal discipline and monetary responsibility, IMF has no teeth in this G Zero World.
The predators-DBA-USSA are the worst predators, so why does anyone care they get knocked off their throne? Well, sadly, the answer to that is... drum roll... the predators-DBA-USSA are the worst because they have been artificially in the best situation since the end of WW2.
So this is just a case of "the king [dollar/USSA] is dead", "long live the king [all the other predators-DBA-government and predators-DBA-banksters]". It might be fun to watch the USSA knocked on their butts (and the arrogance of the "citizens" in the USSA be knocked on their butts), but as the article implies, there are plenty of other predators out there ready, waiting and itching to abuse everyone like the predators in DC.
I'm wondering if we could say arrogance along with a lack of value for other people in their lives, work, home, community.
Like a Fascist-Corporate Attitude that everyone has to talk the same way, act the same way, say the same things, dress the same, drives the same types of cars, have the same education, Experience, or Career Track... and of course have the same physical strength, Emotional strength, Discipline for work instead of spending off time with games, videos or media that are unrelated to success or work & career & home.
Hm... just like Brownshirts.
The 14 Characteristics of Fascism by Lawrence Britt
http://globalresearch.ca/articles/BRI411A.html
But of course it is the little people, the poor, and the middle class that are cannon fodder, losers of pensions, savings, investments, and businesses...and homes.
It looks like the banksters may be starting to change the rules. I guess they want to jump from the dying host to a new one. Hopefully they will be rejected by the new host after they have burnt their bridges.