This page has been archived and commenting is disabled.
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.
»
- 79860 reads
- Printer-friendly version
- Send to friend
- advertisements -
USD will still be going strong loooooong after all the believers in its immanent inevitable collapse, rise of gold & silver, etc are worm crap. The Regime, and its monetary system, will prevail & endure unless overthrown by force, not wishful thinking & fantasy.
"The Regime, and its monetary system, will prevail & endure unless overthrown by force." --Prober
Yeah, that force is called G-R-A-V-I-T-Y.
The Regime is ALL POWERFUL as long as the courts and the numerous militarized police support the Regime. Stop fanticizing and wake up.
Me and others called this one years ago... USD collapse, and a new world currency from IMF, but banks would have to reposition themselves as the savior not the instigators to pull it off and avoid getting pitchforked. Absolute control of all media is their ally.
I say pitchfork them all regardless and let the pigs sort them out.
maybe you would be so kind as to point us to the collapse. all i see is king dollar.
well then you called it wrong. Try to live in reality, where none of those events you miraculously called years ago has actually taken place.
Don C must feel like emigrating to "Last Vegas" as he sees his WS empire tremble under the scorching heat of $ fiat's approaching meltdown.
Lady Lagarde roams those lonely corridors of her "former master-that-be" in DC singing : Out out damned spot!
But what can she ? She now has to chose between her dying lord the Greenback or new challenger Fu Man chu of Green tee land.
The Greenback cowboys are looking like pale riders of Bareback Mountain ! No superbowl for them in sight !
Did somebody just cry "wolf" again ....?
So if the Dollar is not the reserve currency what takes its place? Anyone? The Yuan? I won't even mention any other fiat because they're all garbage. I trust the Chinese as much as I trust the FED the IMF Arthur Andersen Enron ect..
they have not got a clue, or they would say GOLD....yes dont laugh.
Special Drawing Right may include gold into the basket of currencies. That is probably why all central banks are repatriating and accumulating gold.
The ruble, of course. There is no better currency, and Putin is a god.
Special Drawing Right which will include the RMB/yuan and maybe a small portion of Candian and Austrian dollar.
Truth is had people actually traded the narrative of the US going down the pan, and the US dollar losing reserve status, they have lost shitloads of money.
The constant narrative here on ZH about how god awful the US is, the central planning of the FED, and the evils of the dollar are as one sided and myopic as the CNBC market cheerleaders.
AHMEN - FINALLY AN ADULT THINKER INSTEAD OF A HALUCINATING ADOLESCENT !
In last year of nineteen century Sigmund Freud, father of Psychoanalysis, gave series of seminars during his year long stay in the USA.
This would be of no real interest if not for the fact that he refused to meet with any leading American psychoanalysts or to give any public seminar at US universities about his works but instead gave series of paid, secret seminars to members of American financial and industrial elite, which names are not all known even now. Soon after new wave of reforms of corporate governance has been implemented and later modern propaganda was born with huge contribution from Freud’s nephew Edward Bernays.
In the context of growing, powerful leftist revolutionary movements frightened elites heeded Freud’s advice to step into shadows and remove their towering figures from spotlight, eradicate their names and faces from public iconography and symbolism of working people exploitation. This is how, shadowy, nameless global elite (mostly Jewish), was spawn.
What more was spawn was series of institutions designed to obfuscate ruling elite machinations, such as FED. This Freud inspired move turned out to be extremely successful in controlling subdued populace via implementation of variety psycho-techniques and pharmaceutical stimulants.
If interested to know more, go to library and read book titled “Saving the Modern Soul” by Eva Illouz. UC Press 2008.
while previously aware of Gustav Le Bon 's work with the "the Crowd" and his nephew, Bernays, I wasn't aware of Freud's secret dealing with the monopolists ( wanna be slave owners ) your post was good information. I will seek the referenced book. thanks.
wasnt there a secret meeting with martians too? You are leaving out the best parts
And sometimes a cigar is just a cigar.
But only when I smoke it.
This author is a genius, can see the future, has many other supernatural powers and is in direct contact with God!
All you plodding and miserable doubters will soon see he is absolutely correct !
Well, finally! God knows it's been predicted on this site for a decade, at least. Also, hyperinflation, except for the deflation, either of which we could have at any moment. Just useless.
Former World Bank President: Big Shift Coming: http://youtu.be/6a0zhc1y_Ns
Yes i feel a bowel movement coming..
Think of all the young men in every generation that rushed off to war for adventure and preconcieved notions of glory only to die in the mud and filth and flame of chaos. This is not something to wish for.
But besides all the horribleness of it some did get to shoot a bunch of bad Germans and then bang all the local liberated pussy... It did have a happy ending .. :D
If you keep predicting it, perhaps one day it might actually happen.
ZH use to be a good read, now its full of racists, antisemites, tea party nutbags, and folks who think you can buy groceries with a gold coin, and who seem to thrill at the thought the often predicted global apocalypse which is right around the corner will mean a better future for all. Repeating day after day about how today is the day the market collpases and US power neutered forever
Its almost amusing thinking there are this many archair angries brooding at home and fantasizing about the coming war....
My advice, get the fuck out and get laid.
I'm more casual than most but I draw the line at Reptoid Aliens and Annukis, whoever they are.
I almost hate to admit it, but I kinda enjoy the face-eating Zombie people.
I don't watch TV so I have an excuse.
Hey, if you don't like it here; why the hell do you continue to post. We surely could live without your base vulgarities...
Your comment is boilerplate material attempting to put down anyone who questions the Prevailing Narrative.
You got wrong blog. We do not get laid here @ZH. Never, It's against our religion. We all suffer here from Casandra curse, predicting disasters for regular Joe (see archive), and are helpless to stop them since millions useful idiots rather watch "Witches of Bloomberg" short skirts and get laid on credit believing in good times.To cheer up go to kimkardashianbutt.bitch ;
I give up.
I'm now planning to embrace our soon to be 'Unified Currency System'.
It's going to need a snappy name to gain acceptance by the hoi-polloi.
I nominate 'The Pooro'. Nice and honest.
"One currency to rule them all
and in the darkness bind them."
Contagion lurks as a problem because we are all interconnected for better or worse. Some people have been calling for a "world currency" for years. the saying "one should never let a good crisis go to waste" means a meltdown with high levels of fear would present a perfect opportunity and catalyst to advance this agenda down the field.
Remember many people with agendas have a lot to gain when a major shift in the currency markets takes place. Even with some countries not participating in such a currency dislodging the American dollar as the world reserve currency represents such a shift. Calls for a new world currency may grow over the coming years, if the world stumbles into an economic hell the noise could become deafening because people and their leaders tend to look for easy answers. More about how chaos in the currencies might bring about a new world wide currency in the article below.
http://brucewilds.blogspot.com/2014/02/contagion-may-lead-to-new-world-currency.html
No worries yet they have the black holed primed and pump this am they haven't given up on us yet lol.
Having the dollar as the world reserve currency is both a blessing and a curse. While I agree with most of what you are saying I think it is important to consider that the other three major world currencies are all in worse shape than the dollar. I contend they will fail first and bolster the dollar while they fail. In the end a new system will most likely emerge.
The world is currently engaged in a massive game of speculation and chance that contains a lot of risk. Political considerations and insider deals between both nations and Central Banks play a big roll in this game. A chart I saw recently touted how the percentage of funds held by foreign governments in dollars has fallen in recent years. Even after many countries have reduced their holdings in dollar reserves the dollar still carries a major wallop and place in the world economy and will effect everyone going forward. More on how the dollars role as the reserve currency effects all of us in the article below.
http://brucewilds.blogspot.com/2014/11/reserve-currency-status-both-blessing.html
Hey chicken little, you've been telling us the sky is falling for 2 years now. Are you sure a nut didn't fall on your head?
It seems that, when you weren't looking, someone stole the "B" from the front of your ID name.
Minge, and Ghordius, thank you..still very very wrong, but good to read.
1. the mass infusion of 3rd world migrants in both EU and America, is just coincidence if one holds the above posters views (very european of them)
1a.in the usa this is a result of open borders by pols in direct violation of laws, happenstance per ghordius world view or the shit happens club. (not a plan by reptile elites no no not possible)
2.what unites both above posters and the rest of us is we know the current system is rushing toward change
3. as a practical matter, those at the highest level, know change is coming..where are they hedging??
4. Bush family in USA have made one move in planning for the coming change: massive farm land buying in Uruguay..
5. would be good to know what other plans are being made, although Jeb Bush seems ready to lead our nation as soon as the puppet latte spector is out of office.
There is no mention of gold in all of this IMF takeover talk. Assuming the IMFs SDR fiat currency replaces the global dollar in trade, if it's backed even 20% by gold - the IMF will be restricted from unlimited money printing.
The power of any fiat currency resides in it's ability to counterfeit or print more fraudulent currency. Brandon doesn't say why the BRICS are hoarding so much gold. Are we to believe they don't intend to use it to back the new replacement for the dollar in world trade.
I believe Peter Schiff, Jim Willie and Mike Maloney among many others when they say that after all these fiat currencies devalue, the people go back to G & S throughout history because it has always worked.
In fact Peter Schiff told Jim Rickards in a utube video that the world will unlikely exchange one worthless fiat currency (dollar) for another (SDR), when Rickards claimed the IMFs SDR will likely be adopted as the new accepted global currency.
Gold is the key to this whole analysis. Gold is kryptonite to organized crime counterfeiters. That's the central point.
"The power of any fiat currency resides in it's ability to counterfeit or print more fraudulent currency."
Fundamentally incorrect. The power of any fiat currency resides in the Regime's economic & military power, and the internal all-encompassing all-intrusive all-controlling apparatus of the Regime-controlled government (eg IRS, FED, etc), enforced by numerous turbo-charged testosterone-gushing beating-and-shooting crazed militarized domestic police forces.
The ability to create money with keystrokes on computers is just one of the abilities/benefits to the Regime of the powers I listed above. The Regime can also CONFISCATE gold, as they did in the past.
I owe my awakening to ZH. Therefore I am forever indebted to this site. As for those who complain about what ZH has become, I say go somewhere else! No one is forcing you to come here. This is still the best place to get the truth. In fact, no where can you find smarter, more rational, intelligent posters than on ZH. Show me one site that even comes close.
Yea, what that turd said.
The Fed is a business, responsible to it's stockholders (can anyone point me to a list?) If they step out of line, they'll be replaced, period. Then the next ivory tower stooge will begin his/her reign. We all know that the globalists have been slowly setting things up for a global takeover of the funny money system for years, most likely generations. So, the game has been afoot for too many years and is reaching it's climax. The Russian Central Bank belongs to the club as well as the Chinese Central Bank. Implosion is inevitable, and wanted by TPTB. Order out of Chaos and such.
I leave you all with a Tolkien quote to carry us through the bad times ahead:
I see in your eyes the same fear that would take the heart of me. A day may come when the courage of men fails, when we forsake our friends, and break all bonds of fellowship; but it is not this day! An hour of wolves, and shattered shields, when the Age of Men comes crashing down; but it is not this day! This day we fight! By all that you hold dear on this good earth, I bid you stand, Men of the West
-Aragorn
Yes, this is a huge 100 year plan or at least 40 year plan.
Take the building of Brown Shirts in the USA.
The theory is that Rural Citizens are the best choice for recruitment in the USA. They being more traditional, down to earth, conservative, Believe Christian Rules can be Black and White without much research or background, may be less education in the Men who of course went to work early, and who may not be sophisticated in Political terms... like about Socialism, Communism, Fascism, European history regarding Political Science/Development... and of course not sophisticated about where money comes from, how money is created, who are the Bankers & Backers of War & Revolution... and they don't question why the USA "Had" to go to Europe to fight WWI or WWII.
Well the above is just my interpretation of the USA and how to create Brown Shirts.
But remember the Rural, the Midwest, the South, the South West are great places for recruiting soldiers, police, and State Troopers, Tossing in Prison guards too.
Now looking at FRED Charts on Federal Employment there are some missing data because you see a trend line that is Flat about 2.8 Million Employees.
- But in the 1990s there were layoffs, including lowering the number of US Military Airmen, Sailors, Soldiers
- In 2001, G.W.B. increased the number of Contractors, contracts for DoD, and the use of contractors in Proxy wars, or to replace government & military people
- DHS was created as a Black Budget Agency with huge funding
- Military people now seem apparent in Park Ranger Service, Defense Contractors, DHS, State & Local Police Forces, and probably many other government functions
So if you want to build Brown Shirts in the USA, to Act as Government Proxies or Agents...
- Star Wars, or a Big War, to train & Indoctrinate the Young Citizens
- Maybe create Elite Associations for Citizens that recognize Strength, Discipline, Deeper Ideals, Simple Principals, and maybe even traditional Christian ideas
- Rotate Millions of Citizens through War Service
- Then Layoff many Officers & Enlisted
- Use a period of Rest from War to build hardship, difficult experiences in the Economy, Promote Ideas that War Veterans were Dangerous, Promote Ideas that Guns were being taken from some people despite Constitutional Rights
- Re-Fund Fascist Groups World Wide to simply promote this difference between Weak & Strong, and Degradation of Society to Liberals in Government, and to remember Babylon in Berlin before Hitler
- Promote the feeling in both Liberals & Conservatives that they had been lied to about History or by some Conspiracy
- Then Crank up the Economic Problems which started at least by 1980 when Outsourcing, Off Shoring, and Decapitalization of Manufacturing... Shocked the Economy
Anyway:
- There must be at least 2 Plans to ruin the USA
- One looks Very Liberal, Liberal Federal Spending, Liberal Treatment for Wall Street Oligarchs, Light Treatment of Business Fraud & Accounting Fraud
- One looks very Fascist, Everyone should think the same way, Act the Same, Speak the Same, not research, not read history, Strength & Mental Strength is Valued, and Money is seen as Strength, Competition viewed as Sacred, Business Leaders given Status & Authority without Question, Wars are good, Liberal Treatment for Wall Street Oligarchs, Light Treatment of Business Fraud & Accounting Fraud, ...Anything that Strengthen the Economy & People is Good