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Belligerent US Refuses To Cede Control Over IMF In Snub To China

Tyler Durden's picture




 

One story that’s been covered extensively in these pages over the past several months is the emergence of the China-led Asian Infrastructure Investment Bank. The bank began to attract quite a bit of attention in early March when the UK decided, much to Washington’s chagrin, to make a bid for membership. The dominoes fell quickly after that and within a month it was quite clear that The White House’s effort to discourage its allies from supporting the new institution had failed in dramatic fashion. 

Since then, China has been careful not to jeopardize the overwhelming support the bank has received. While Beijing is keen on expanding China’s regional influence and promoting the widespread use of the yuan, downplaying the idea that the new bank will become a tool of Chinese foreign policy is critical if it hopes to enjoy the long-term support of the many traditional US allies who have become early adopters so to speak. Similarly, China must be sensitive to the perception that the AIIB is the first step towards usurping the dollar as the world’s reserve currency and although Beijing has dispelled the notion of “yuan hegemony” as nonsensical, it’s clear that the renminbi will play a key role in loans made from the new bank. 

So while the AIIB certainly represents an attempt on China’s part to realize its regional ambitions (what we’ve described as the establishment of a Sino-Monroe Doctrine) and carve out a foothold for the yuan on the global stage, it’s also a product of Washington’s failure to adapt to a changing world. That is, the establishment of new supranational lenders suggests the US-dominated multilateral institutions that have characterized the post-war world are proving unable (for whatever reason) to meet the needs of modernity.

Nowhere is this more apparent than the IMF, where reforms aimed at making the Fund more reflective of its membership have been stymied by Congressional ineptitude for years. As Bloomberg reports, the US has apparently learned very little from the AIIB experience:

The Obama administration signaled it won’t jeopardize the U.S. power to veto IMF decisions to achieve its goal of giving China and other emerging markets more clout at the lender, according to people familiar with the matter.

 

That message was delivered at the International Monetary Fund’s spring meetings in Washington last month, the people said, where officials discussed how to overcome congressional opposition to a 2010 plan to overhaul the lender’s voting structure.

 

A solution backed by Brazil would have enabled an end-run around Congress -- while potentially sacrificing the veto the U.S. has held since World War II. With that option off the table, the people said, IMF member nations are considering a watered-down proposal that risks alienating China and India, which are already challenging the postwar economic order by setting up their own lending and development institutions…

 

The 2010 plan calls for increasing the emerging markets’ sway through a doubling of the IMF’s capital, with the U.S. contribution subject to approval by Congress. Without that approval, the plan wouldn’t have the support of the required 85 percent of members’ voting shares, because the U.S. has 16.7 percent. Voting rights are proportional to capital shares at the fund.

 

China, the world’s second-largest economy, currently ranks sixth in its voting shares at the IMF, behind Japan, Germany, France and the U.K. Under the 2010 plan, China would jump to third, while India would climb to eighth from 11th and Brazil would move up four spots to 10th.

 

The option backed by Brazil and other countries would have pushed through the changes without requiring Congress to ratify them. The catch was that the U.S. veto over major IMF decisions may have been at risk if Congress failed to react by approving the 2010 plan, because America’s voting share would potentially fall below the 15 percent threshold needed to maintain the power…

 

The fund is now considering a capital increase of just 10 percent, said the people familiar with the matter, who asked not to be identified because the discussions are confidential. Most of the boost would go to emerging nations that are underrepresented based on the size of their economies.

 

The solution is unlikely to satisfy some emerging economies because the capital increase is too small, said Truman, now a senior fellow at the Peterson Institute for International Economics in Washington.

 

In a column last month, former U.S. Treasury Secretary Lawrence Summers cited Congress’s failure to pass the IMF reforms as one of the reasons why China is pushing to reshape the global economic order with new institutions such as the Asian Infrastructure Investment Bank.

*  *  *

In many ways, the above represents everything that's wrong in Washington. First, Congress' famous inability to do what they were elected to do (i.e. legislate) is on full display. Second, the President is unwilling to bypass an ineffectual group of lawmakers in the name of accomplishing something worthwile because the end-around would require the US to give up absolute control over an institution that by its very nature should not be controlled by one nation. Finally, you have yet another example of the US learning absolutely nothing from egregious foreign policy mistakes even when they occurred less than two months ago. 

This is all par for the course in Washington so we suppose the real question is what this means for China's IMF SDR bid. That is, will Beijing simply lose interest if the US-controlled IMF can't agree on a structure which reflects China's growing influence on the world stage? 

 

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Sun, 05/17/2015 - 14:16 | 6103322 Haus-Targaryen
Haus-Targaryen's picture

We, as a nation are so fucked. 

Sun, 05/17/2015 - 14:24 | 6103349 Oh regional Indian
Oh regional Indian's picture

All deception. The plan is long set. Kabuki will continue....

You don't have to joing them but you can supercede them.

Become a Ruthless Moron...

https://aadivaahan.wordpress.com/2013/02/11/of-truth-ruth-morons-and-oth...

Sun, 05/17/2015 - 14:31 | 6103361 ZerOhead
ZerOhead's picture

All Kabuki all the time from here on in.

The only disagreement that may remain is how the global bankers and oligarchs will equitably divide up our pie amongst themselves.

Sun, 05/17/2015 - 14:47 | 6103403 TeamDepends
TeamDepends's picture

Fuck that! Exterminate them like the cockaroaches they are.

Sun, 05/17/2015 - 15:06 | 6103440 ZerOhead
ZerOhead's picture

I have thought a great deal about what follows next...

After dispossessing the last meagre scraps from what once was the 'middle class' the best bet is that the financial elite and oligarchs will start killing themselves. After all... that is where the remaining power, money and therefore the ultimate real threat to their own existences will be.

Think about it.

Sun, 05/17/2015 - 16:42 | 6103723 clambake
clambake's picture

So we just need to hide in the bushes till then ?

Sun, 05/17/2015 - 16:47 | 6103739 espirit
espirit's picture

The Golden Rule applies here.

He who has the Shiny, makes the rules.

The Central Banksters drank their own KoolAid, fuck em.

Sun, 05/17/2015 - 18:44 | 6103968 strannick
strannick's picture

Bankers will destroy the wild first.

Dear Mr. Putin. Please drop your first bomb on Conneticut. 

Do bankers/NWO not know/care that their kids faces will melt too?

Sun, 05/17/2015 - 18:22 | 6103969 strannick
strannick's picture

Bankers will destroy the wild first.

Dear Mr. Putin. Please drop your first bomb on Conneticut. 

Sun, 05/17/2015 - 16:44 | 6103724 MonetaryApostate
MonetaryApostate's picture

I've thought about it much as well, this was my summary.

 

They are going to push the entire world into utter poverty, because...

A) They truly don't need us anymore (We're being replaced by tech & bots.)

B) They love entertainment & guess what?  TAG YOUR IT.

 

Can't you see what they are doing to 3rd world defenseless countries already? WAKE THE HELL UP PEOPLE.

Sun, 05/17/2015 - 17:09 | 6103788 Boop
Boop's picture

"Can't you see what they are doing to 3rd world defenseless countries already?"

 

When our major networks don't even cover the TPP, how can we WTHU?

Sun, 05/17/2015 - 18:06 | 6103937 prefan4200
prefan4200's picture

What's coming is war.  The oli's need it to cull the herd, keep the masses worried about "bigger things", and distract all from their wealth-stealing, power-grabbing ways.  Revolutions are musch less likely if the violent unemployed ones are all sent off to kill each other.

Sun, 05/17/2015 - 19:22 | 6104120 ThirteenthFloor
ThirteenthFloor's picture

War is also a way for the elite to reduce population, and test technology through weapons like use of plasma torches in Panama.

Sun, 05/17/2015 - 15:01 | 6103444 remain calm
remain calm's picture

Obama has set us back 25-50 years. FU you dumb fucking presumptive righteous idelougue know it all, I piss more knowledge than you and the entire village you came from.

Sun, 05/17/2015 - 18:09 | 6103945 prefan4200
prefan4200's picture

I wish I could up-vote your post 1000 times.  I only wonder if you might be giving Obama the benefit of the doubt by thinking he's only setting us back 25-50 years - it might be terminal.

Sun, 05/17/2015 - 18:28 | 6103985 Fukushima Fricassee
Fukushima Fricassee's picture

1000 tims up, Obama ia a cocksucking fool.

Mon, 05/18/2015 - 00:30 | 6104743 jeff montanye
jeff montanye's picture

obamanable snowman.

Sun, 05/17/2015 - 15:01 | 6103445 Stuck on Zero
Stuck on Zero's picture

The Author misses the real point.  The U.S should stay out of all foreign pacts, agreements, treaties, and all other alliances.  Avoid foreign entanglements. Throw up firewalls.

Sun, 05/17/2015 - 15:07 | 6103459 ZerOhead
ZerOhead's picture

way   too   late

Sun, 05/17/2015 - 16:19 | 6103664 toady
toady's picture

Isolationism. Where's Pat Buchanan when you need him?

Sun, 05/17/2015 - 16:46 | 6103735 MonetaryApostate
MonetaryApostate's picture

Self-Reliance, where did it go?

Sun, 05/17/2015 - 23:29 | 6104642 oncefired
oncefired's picture

Isolationism is coming our way real soon when the dollar is revealed as the worthless fiat it is and the rest of the World says "Fuck You USA" your on your own. Whether our worthless, gutless, slimey leaders decide war is the only answer or a revolution takes them out. Pain is coming, but out of the ashes will come people who will actually start and make quality products rather then the imported Chinese crap we have been forced to import!

Sun, 05/17/2015 - 14:51 | 6103412 diogeneslaertius
diogeneslaertius's picture

"The only disagreement that may remain is how the global bankers and oligarchs will equitably divide up our pie amongst themselves." so true.

Sun, 05/17/2015 - 15:31 | 6103526 DutchR
DutchR's picture

On a finite planet there is no escape

 

eat that pie

Sun, 05/17/2015 - 20:10 | 6104242 bunnyswanson
bunnyswanson's picture

The show must go on.  We'll be so busy putting out our own personal "fires" when this ship of fools sinks, the element of surprise won't even be necessary.

Sun, 05/17/2015 - 20:11 | 6104243 bunnyswanson
bunnyswanson's picture

Duplicate - IE jammed up as it does every 5 minutes.  Sorry.

Mon, 05/18/2015 - 05:54 | 6104959 JustUsChickensHere
JustUsChickensHere's picture

Use Firefox ... with AdBlock and/or Ghostery

Sun, 05/17/2015 - 14:53 | 6103419 Urban Redneck
Urban Redneck's picture

Even moreso, because of that slight.

Since the fig leaf of "blaming gridlock" no longer exists.

I am a bit perplexed, Wall Street surely told their Magic Negro to "Kick the Can".  Perhaps they should have specified which can to kick, particularly after that unfortunate example of "bending the cost curve" in the wrong direction.

What the American debt serf doesn't repay in higher "costs" will be paid by JPM and GS with decreased access.

Sun, 05/17/2015 - 15:07 | 6103458 Oracle 911
Oracle 911's picture

Something is telling me, the Chinese and other Asian manufacturers will demand payment in Yuan instead of US$ from American firms after this point.

Sun, 05/17/2015 - 16:40 | 6103716 angel_of_joy
angel_of_joy's picture

This is why the SDR scenario proposed by James Rickards will never become reality. The US will never give up willingly the reigns of the IMF or the dollar based payment & lending financial system. China will have no choice but to create an alternative one, and get as many countries as possible to trust & use it. They do it brilliantly, as we speak. In due time, the Chinese system will get enough weight to become a new de-facto system. When that happens (I would say in less than 10 years time), US will be quickly kicked to the curb of international irrelevancy...

Sun, 05/17/2015 - 16:52 | 6103747 espirit
espirit's picture

dup

Sun, 05/17/2015 - 16:51 | 6103751 espirit
espirit's picture

Penn State is working on it as fast as they khan.

Sun, 05/17/2015 - 17:59 | 6103902 runningman18
runningman18's picture

The article is misleading.  It makes it sound as if the question of U.S. veto power has already been decided.  It hasn't.  Lagarde has been threatening the loss of U.S. veto for the past several months - it is very much on the table, and this is part of the game they are playing with the masses.  The SDR scenario was outlined by many people before Rickards, and it was outlined by the banksters long before that, which is why one way or another the Chinese will get SDR inclusion and why the dollar will take a dump.  Count on it.  There is no "conflict" between the internationalists in the U.S. government and the internationalists at the IMF.  This is all theater.   They all want global governance and a one world currency.

Sun, 05/17/2015 - 19:18 | 6104112 Stumpy4516
Stumpy4516's picture

I am not sure China expects to be successful within the IMF.  They may just be planting the seeds of discontent within the IMF and letting JMafia push more nations towards using China's alternative (at the same time as using the IMF) quicker.  

For now I do not trust that Lagarde has any such intention to push for this.  Maybe it is just an attempt to keep better trade relations with China while letting the US take the heat for spear heading the JMafia wishes (that Lagarde also serves).

I see no good reason for China to allocate any resources to the IMF that might take away from it's alternative system it is developing.

Putin has betrayed other nations at the critical break points in favor of Israel/West.  If this gets to that point it will be interesting to see what happens.  For now there is no need for his action.  Forget Russia, China is the competition and seems to understand there is a major battle to be fought in the financial world.  But can China keep it's own internal corruption in check and avoid being fractured by the tight knit JMafia?

Sun, 05/17/2015 - 21:36 | 6104408 runningman18
runningman18's picture

Lagarde serves the globalists, just as the U.S. government does.  The IMF is avidly supporting the inclusion of China in the SDR, which is why they openly support the AIIB, and why they are planning to remove U.S. veto power.  China will allocate resources to the IMF because SDR inclusion is the quickest path to making the Yuan a reserve currency, and because China is just another appendage of the BIS.  There is no conflict between Chinese globalists, U.S. globalists, and IMF globalists - they are all on the same team. 

Sun, 05/17/2015 - 15:16 | 6103484 Fun Facts
Fun Facts's picture

There seems to be a misunderstanding regarding who controls whom.

The IMF sits quite a bit higher on the ZWO org chart than their wholly owned US puppet politico morons.

Sun, 05/17/2015 - 16:32 | 6103694 Handful of Dust
Handful of Dust's picture

Yes, and China, HK, Taiwan etc still Kowtow to Merika and Merikan bankers.

 

No matter how much they protest, they still bow to their masters.

Sun, 05/17/2015 - 17:54 | 6103884 crazytechnician
crazytechnician's picture

@Haus-Targaryen

Not necessarily.

It is actually upto you to make a decision: What is your future going to hold. After all , we all collectively create our own future reality. If we all constantly tell each other on ZH that it is totally shit and properly fucked , then for sure it will be, that is just the self-fulfilling prophecy of most humans and their lifes. But don't you think it's just a little bit Flat Earth ?  But there may be an alternative to that ? I myself am attending to and looking forward to a very bright future for myself and my family , it will take energy , capital , and a lot of real hard work to acheive , but I am 100% certain that it will happen. And I am hoping that you too will also have a bright future looking ahead.

Hint: The only prison that truly exists - is your own mind.

Sun, 05/17/2015 - 14:17 | 6103327 wendigo
wendigo's picture

So I recently finished inventoring the preps with the wife, and I'm as ready now as I'll ever be. If WWIII is inevitable, I'd rather have it sooner than later. Want to get through this shit while I'm still young. 

Sun, 05/17/2015 - 14:21 | 6103340 Budnacho
Budnacho's picture

Just give me till Oct....then the "3rd-Floor-Apartment-Democracy-Bunker" will be complete. Body-Armor for cats is expensive ya know?

Sun, 05/17/2015 - 14:44 | 6103398 janus
janus's picture

don't forget the kitten mittens.

https://www.youtube.com/watch?v=5fP4emqw7O4

is your cat too loud?!?

janus

Sun, 05/17/2015 - 15:34 | 6103541 DutchR
DutchR's picture

If i ever have a cat, damn sure she would be wearing kitten mittens.....lol

Mon, 05/18/2015 - 06:43 | 6103919 crazytechnician
crazytechnician's picture

.

Sun, 05/17/2015 - 14:45 | 6103399 Dragon HAwk
Dragon HAwk's picture

I'll be eating cat meat while the neighbors will be eating their left over cat food

Sun, 05/17/2015 - 15:10 | 6103466 Hulk
Hulk's picture

Be sure to clean the cat well before cooking it And remember to remove the cat hair off your tongue before enjoying your cat kibob !!!

Sun, 05/17/2015 - 15:12 | 6103475 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

I'll be eating cat meat while the neighbors will be eating their left over cat food

Ah, best. Chinese Citizenism Neighborhood Wildlife Cookbook for the Dummies you are studious practicing the recipes diligently? Want to consume as much dungpow kitten as it is possible while consuming is still a cheap option because of abundance of neighbohourhood cats. Hot and sour sauce in this context avails muchly.

After you will attained of such culinary skills mastery, then the advancement to wok the dog in spicy ginger sauce the day glorious.

Sun, 05/17/2015 - 16:14 | 6103654 NoTTD
NoTTD's picture

"Very good curry, this."

Sun, 05/17/2015 - 16:34 | 6103704 Handful of Dust
Handful of Dust's picture

I prefer the "Boneless and Skinless Cat" in the large 22 oz can by MeeOw! Inc.

Sun, 05/17/2015 - 14:52 | 6103415 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Body-Armor for cats is expensive ya know?

Depending on how many cats you have, you might find it more economical to go with an armored IFV (Infantry Feline Vehicle).

Sun, 05/17/2015 - 14:58 | 6103433 RafterManFMJ
RafterManFMJ's picture

What an odd coincidence; my body armor itself is comprised of 17 cats, sewn together.

Sun, 05/17/2015 - 14:19 | 6103330 Motorhead
Motorhead's picture

Belligerent U.S?  NEVER!

Sun, 05/17/2015 - 14:19 | 6103331 TeethVillage88s
TeethVillage88s's picture

Well you know Change is hard for everyone.

Sun, 05/17/2015 - 14:25 | 6103350 Anglo Hondo
Anglo Hondo's picture

Change is nearly as hard as Hope these days.  And I don't have much of that left.

Sun, 05/17/2015 - 14:19 | 6103333 Joebloinvestor
Joebloinvestor's picture

Watch how the IMF goes full retard on a replacment reserve currency because the US dollar has been whored to shit.

Sun, 05/17/2015 - 14:22 | 6103345 Haus-Targaryen
Haus-Targaryen's picture

You ain't seen anything yet. 

Sun, 05/17/2015 - 19:21 | 6104119 Salah
Salah's picture

Gin up the arms race in the Indian Ocean....roger-dodger that

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150517000011&c...

Sun, 05/17/2015 - 14:21 | 6103337 Prober
Prober's picture

why would chinese hegemony be better & more desireable than usa hegemony ?

Sun, 05/17/2015 - 14:22 | 6103343 Motorhead
Motorhead's picture

China wins the tie-breaker as they invented spaghetti.

Sun, 05/17/2015 - 14:29 | 6103357 Anglo Hondo
Anglo Hondo's picture

Spaghetti is no use;  ok, you can cut it with scissors, you can smash it with rocks, but you can't write on paper with it, and it makes a lousy antenna for your Obamafone.   Try again.

Sun, 05/17/2015 - 14:32 | 6103367 e_goldstein
e_goldstein's picture

 Spaghetti is no use;  ok, you can cut it with scissors, you can smash it with rocks, but you can't write on paper with it, and it makes a lousy antenna for your Obamafone.   

Yes, but you can eat it.

Sun, 05/17/2015 - 14:39 | 6103377 bid the soldier...
bid the soldiers shoot's picture

With China you get an egg roll, hot and sour soup and a fortune cookie. 

Sun, 05/17/2015 - 16:37 | 6103709 Handful of Dust
Handful of Dust's picture

Not only that, you also usually have a choice ... "Choose 1 from column "A" and 1 from coulmn "B"... plus the fortune cookie.

Sun, 05/17/2015 - 16:59 | 6103771 Conax
Conax's picture

Rich: Hey man, I can't eat all this shit.

Chinese Waiter: You order shit you eat shit!

Sun, 05/17/2015 - 15:19 | 6103495 janus
janus's picture

@ Prober:

why would chinese hegemony be better & more desireable than usa hegemony ?

great question...two-fold answer: first, it would be far-far worse (anyone who wants a sino-world-order, please leave the west immediately and send janus picture-postcards from your most favorite dystopian shit-hole in inner-mongolia, and from that great remove let janus know all about your new coal-eating, mendacious overlords and their boundless benevolence); hell, even the yellow-man doesn't want to live under his own rule...which is why all the sino-men of good sense have moved into our neighborhoods.  second, it will never happen.  if there is a seminal chinese virtue, it is patience.  and while this virtue will net the cautious and calculating great stores of treasure in times of predictability and stability, it is similarly the most costly in terms of its reciprocal flaw.  sure, an abundance of caution is great...until, that is, chaos & havoc strike; at which point, those who've planned meticulously will weep with bitter-bitter tears as they sit helplessly watching bold improvisation do its thing.

as Christ said to the chinaman two millenium ago:

He spoke a parable to them, saying, "The ground of a certain rich man brought forth abundantly. He reasoned within himself, saying, 'What will I do, because I don't have room to store my crops?' He said, 'This is what I will do. I will pull down my barns, and build bigger ones, and there I will store all my grain and my goods. I will tell my soul, "Soul, you have many goods laid up for many years. Take your ease, eat, drink, be merry."'

 

"But God said to him, 'You foolish one, tonight your soul is required of you. The things which you have prepared—whose will they be?' So is he who lays up treasure for himself, and is not rich toward God."

and so, sinoman, allow janus to thank you for those gold vaults, the accumulation of capital, serving as our shop-floor for twenty years and all the bounty you've shipped to these shores.  and now it's time you learn what happens to the godless in times of trouble.

welcome to the octagon, yellow-bitchez!

it's very much like the little asian woman sitting fretfully in her MB SUV, not knowing whether to turn, go, stop or reverse...paralyzed by an abundance of caution.

https://www.youtube.com/watch?v=vIzPBOT0p_M

https://www.youtube.com/watch?v=Xi5reoaGS7E

chinaman, you have no idea the kind of minds you're dealing with.

 https://www.youtube.com/watch?v=kr8-E8may2Y

do you know where you are?/

you're in the jungle, baby!


caveat emptor, etc.,

janus {see you bitchez in a few hours...beautiful weather...time for golf & beer on cape cod...see y'all in a few hours}

Sun, 05/17/2015 - 16:59 | 6103772 early riser
early riser's picture

I think India will ultimately be the hegemon, because in the middle of her incredible diversity there is an almost universal unity amongst her people as to who really runs the show. In short, she has the most powerful magic - both of the white and the black hat variety. Her people will never be cowed by a central agency made by man; will always be in dynamic flux, like the magma in a heavenly body moving continually, protecting all life against the hostility of space.

Unbeknown to most, she has withstood unwanted advances in the past from both Communist China and USSR, but not through common military means.

Make of it what you will.

Sun, 05/17/2015 - 20:40 | 6104303 janus
janus's picture

oui...and regarding all the points you've just brushed against, i couldn't more heartily agree.

the hindu will rule (and they've earned it) over the center-to-eastern east...japan will govern the far-east.

that is all,

janus {can you get with that?}

https://www.youtube.com/watch?v=n9q7EjHxYsE

Sun, 05/17/2015 - 14:29 | 6103354 q99x2
q99x2's picture

I'm voting for a white man in the next election.

Sun, 05/17/2015 - 14:34 | 6103373 bid the soldier...
bid the soldiers shoot's picture

Locking the barn door after the Negro is out.

Sun, 05/17/2015 - 14:36 | 6103374 Atomizer
Atomizer's picture

Be careful how you phrase wording, some ZH posters may think you're voting for Hillary. 

/sarc 

Sun, 05/17/2015 - 17:25 | 6103826 toady
toady's picture

Once you go black you never go back. 

Carson '16

Sun, 05/17/2015 - 14:31 | 6103364 lynnybee
lynnybee's picture

As it is planned. It's just a show, a racket. The out come planned decades ago.

Sun, 05/17/2015 - 14:37 | 6103378 Kaiser Sousa
Kaiser Sousa's picture

"China is waiting for the right moment to remove the US dollar from economic reign. Once the US dollar loses its leadership, China plans to make the yuan world's first currency. 

According to Duowei News, to ensure its domination, China is saving up gold. According to unconfirmed reports, China already has about 30,000 tons of the precious metal. If this is true, it means that China will be capable of brining the US dollar down in an instant.

http://english.pravda.ru/business/finance/15-05-2015/130611-china_gold_d...

 

the U.S. aint runnig shit anymore.....nuff said.

Sun, 05/17/2015 - 14:58 | 6103436 katchum
katchum's picture

I doubt they have 30000 tonnes of gold, otherwise they would already have disclosed it.

Sun, 05/17/2015 - 15:22 | 6103501 angel_of_joy
angel_of_joy's picture

Why ?

Sun, 05/17/2015 - 15:48 | 6103548 diogeneslaertius
diogeneslaertius's picture

China has access to more off-book gold than this even. SGE is the new cartel holomatrix and they are almost ready to hand-off PM price discovery - hence JPM whistleblower etc. priming the pump, hence fixing the fix and openly showing people how holographic COMEX/LBMA are. In short, SGE has access to the very off-book theat was used to create not only the COMEX/LBMA hologram, but the $4Q+ derivatives deathstar itself.

Mon, 05/18/2015 - 01:18 | 6104799 Boxed Merlot
Boxed Merlot's picture

China already has about 30,000 tons...

 

Won't that only matter if they attempt to use it as international coin?  (I mean real Legal Tender, not the token “collectable” crap treasury departments strike with random and irrelevant “dollar” type valuations but which “sell” for completely different and inflated cypher amounts as numismatics.)

I realize the art of hypothecation ad nausea and Keynesian mythology surrounding the issue, but the only reason the US theoretically owns the title of the earth’s leading official hoarder of the stuff at ~8100 tons is because our crypt has been quarantined since ’71. 

The imf was updating their member nation ante / capital contribution schedules to include the stuff at a higher value than say sovereign paper debt, but who cares?  Put the shiny into the hands of J6P on the first and 15th and we’ll see how long it lasts.

Their crypt will close as fast as ours did by Nixon before he was unceremoniously dispatched from office by the likes of Shrillary and her dual citizen cohorts.

What’s the ratio of ounces to Navy vessels, drones and other lethal delivery systems?

Just wondering.

Sun, 05/17/2015 - 14:36 | 6103379 lynnybee
lynnybee's picture

i mistakenly clicked on my own username. Shock! I've been here for almost six years. this story never ends. I keep reading and studying.

Sun, 05/17/2015 - 19:31 | 6104149 jerry_theking_lawler
jerry_theking_lawler's picture

What have you learned in those 6 years? What has happened to the market in those 6 years? Counterintuitive? Maybe not for long.

Sun, 05/17/2015 - 14:38 | 6103383 diogeneslaertius
diogeneslaertius's picture

Meanwhile....

US is a hijacked nation and China is a NWO laboratory, stripped down and rebuilt from scratch via the yat-sen, kai-shek, tse-tung arc, all individuals who, like hitler, were INSTALLED by the NWO and its global banking cartel that engineers all wars, all market "crises." The RMB is effectively gold backed, gold flows have actually just been a massive li-lo by institiutionals to the new main base (China - go watch ridley scott's Blade Runner for some choice predictive programming) - this not officially gold-backed unit is being used to ramp into SDR as we speak and the enemy has been OPENLY telling us for years.

http://www.bis.org/review/r090402c.pdf

http://www.chathamhouse.org/sites/files/chathamhouse/field/field_documen...

BRICS is more about getting at Russia underbelly (Brezinski Doctrine encirclement campaign - see: Syria, Turykey Ukraine, etc.) and AIIB was cooked up by the exact same people who created the IMF (I know, big shock right?).

Gentlemen, let us face facts: the US and CHina are merely wholly-owned operating subsidiaries of the New World Order, a criminal, collusive, supra-national enterprise and holding company into whose control all of the planet's assets are being placed via receivership, engineered through wars, hijacking governments, installation of puppets, rigging of markets, etc.

To quote George Carlin "its a big club, AND YOU AINT IN IT."

"The belligerent US" - this is part of the engineered bad PR that is essential to dismantling "the west" - we are too fat and wealthy and have guns, therefor\e we must be japanized until the boys dont want to start families or own homes - its a softkill - it is eugenics via debt-based monetary systems. This is why they use the US as a pitbull, it generates negative PR for us, so when the time comes to pull down "the west" and uhser in a new global structure, the organizers of that move can play the hero! ORDO AB CHAO, Hegelian Dialectic...

I love ZH and the tylers - but this article is a classic example of a lack of real codifying synthesis.

AFRICOM is a good microcosm and lensing system through which to observe the reality of the global system as it exists today: NATO (mind you, France is an RMB offshore now with no economy) provides the military umbrella and China gets all the contracts.

 

I leave you with a choice bit of predictive programming from the film Network, which, while it doesnt actually show people the entire plan, nevertheless gives the game away, and feels like a Walter Lippmann manifesto come to life on the big screen.

Network (1976) - Ned Beatty speech - The World is a Business

https://www.youtube.com/watch?v=NKkRDMil0bw

Sun, 05/17/2015 - 14:38 | 6103387 diogeneslaertius
diogeneslaertius's picture

no dis, much <3 for the ZH

Sun, 05/17/2015 - 14:41 | 6103392 diogeneslaertius
diogeneslaertius's picture

USD is not being killed or removed, it is being Retired from GRC status so it can be used as tier3 slave paper for debtconomies.

Sun, 05/17/2015 - 15:09 | 6103464 Raging Debate
Raging Debate's picture

Diogenes - Pretty much. If the plan was bait and switch on China becoming GRC it is too late the horse has left the barn. Congress of course wants to print and get bribed by multinationals forever. The US legal system and corrupion is a pretzel clusterfuck.

I say let the chinks be the GRC and global policeman, we enact tarrifs and manufacture our own shit again. A decade of nationalism would be good for this country. We have to go through more pain anyways to correct and outside of our political class selling out face no real threat of invasion.

Sun, 05/17/2015 - 15:33 | 6103494 diogeneslaertius
diogeneslaertius's picture

Congress is effectively a bunch of puppets installed by NWO superclass C3P0 protocol droids who manage the "North American Union" - they will never openlky fly their banner of regional consolidation so only truly savvy people will even see the need to defend the nation state, we will never be allowed to have a third party like UKIP rise up here - also, these incrementalists have our number, we will never be allowed the creative-destructive freedom that comes along with real peril, we will get Abenomicsed into oblivion through lost generations as the culture is imploded.

If only we Could get a "decade of nationalism" - unfortunately for use, they likely have a scenario for this already war-gamed, complete with a hitlerian bush 2.0 puppet out there somewhere being groomed at Columbia etc.

You are 100% right about ramping up tarrifs and simply letting the NWO hand the ball to China, we could play this to our advantage in a massive way with enough awake people and state reps with real teeth - if we could take back Congress and install 300 truly awake men with balls, we could turn the Titanic around - however, if we pulled this off, the NWO would give us both barrels - hell, they are already organizing a false flag to set off a dirty bomb in Chicago or some shit and blame it on "domestic extremist" "white al-qaedas" linked up with ISIS (lol?) or the Russians (see Boston Bombing meme pumpage).

Sun, 05/17/2015 - 14:55 | 6103424 Counterpunch
Counterpunch's picture

NWO is a nonsense term to get you chasing ghosts.

 

Those that, largely, control the US and UK

http://www.biblebelievers.org.au/benjamin.htm

do not control China. China is not inclined to be anybody's puppet.  Neither is Russia.  Or Brazil.  India is waking up.

 

The idea isn't that the hegemony of China would be good, the idea is that the unipolar world order [termed by some the NWO - but the Rockefellers aren't coming at the matter in the same way as the Rothschilds and Lazars and Perles and Feiths].

 

No one entity, or nation, should be controlling.  Even 2 choices, as in the USSA's 2 party delusion of choice does not nearly suffice.

 

jmo, of course - take or leave as thou wilt.

 

Sun, 05/17/2015 - 15:30 | 6103522 Not Too Important
Not Too Important's picture

"... the Rockefellers aren't coming at the matter in the same way as the Rothschilds and Lazars and Perles and Feiths"

Working together since 2000:

"JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States, with total assets of US$2.6 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's third largest public company based on a composite ranking.[4] The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.[5] The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co"

https://en.wikipedia.org/wiki/JPMorgan_Chase

 

 

Sun, 05/17/2015 - 15:40 | 6103557 diogeneslaertius
diogeneslaertius's picture

CNOOC is essentially a Rockefeller Standard Oil (long since obfuscated away into shadow status) subsidiary - the entire modern Chinese economy was created by the same oligarchs who staged the Boxer Rebellion and engineered the opium wars.  

Sun, 05/17/2015 - 15:34 | 6103545 diogeneslaertius
diogeneslaertius's picture

I completely disagree. China is a NWO human laboratory literally rebuilt from scratch as a model for the ultimate top-down human farming operation.

Sun, 05/17/2015 - 14:38 | 6103384 29.5
29.5's picture

So many FUCKING banks... seriously, we get it. It's getting absurd. I'll be waiting tables at the Olive Garden if anyone needs something.

Sun, 05/17/2015 - 14:38 | 6103386 Peter Pan
Peter Pan's picture

What kind of an organzation is the IMF anyway when its forecasts about Greek growth have been consistently wrong, its head sports an orange sun tan and has a string of failures to its credit.

Sun, 05/17/2015 - 15:32 | 6103534 Not Too Important
Not Too Important's picture

It's all about the debt. The more that owe, the better, and the debt has never been bigger.

In that regard, it's been a huge success.

Sun, 05/17/2015 - 14:49 | 6103400 Atomizer
Atomizer's picture
2015 Michel Camdessus Central Banking Lecture

Fuck you Lagarde. Shove a battery operated drill bit up your ass. You created this collective policy. Tell them how your going to shift the SDR Basket to suck up new FX currency ratio. Fuck you on your feminist agenda. 

http://www.imf.org/external/mmedia/

Sun, 05/17/2015 - 14:47 | 6103404 Atomizer
Atomizer's picture

Lagarde, the European Union is broke. 

Sun, 05/17/2015 - 14:47 | 6103405 diogeneslaertius
diogeneslaertius's picture

A carefully executed stage play for people to eat up - complete with antagonist and protagonist - behind the scenes at the supranational level? the magic makers and dreamers of dreams who create your reality for you. Another vector on BRICS is clear if you look at CFR white papers from mid to late 2014, the whole pviot SA strategy - CAPEX is done in China you see, ME is being mopped up, RUS FEd encircled, Africa will never be allowed to develop - SA is all that is left "to do."

Sun, 05/17/2015 - 14:52 | 6103414 Atomizer
Atomizer's picture

You couldn't of possibly watched a 65 minute IMF video. 

Sun, 05/17/2015 - 14:58 | 6103434 diogeneslaertius
diogeneslaertius's picture

we watch so you dont have to

IN THE MORNING SHITIZENS

Sun, 05/17/2015 - 15:08 | 6103461 Atomizer
Atomizer's picture

More systematic risk in BIS. They're scambling for derivative write down. I can't wait to see you lose paper wealth. We can poke fun at you.  

Sun, 05/17/2015 - 15:11 | 6103470 diogeneslaertius
diogeneslaertius's picture

why the fuck from my commentary would you think i have paper wealth, im a gold bug off-the-grid libertarian survivalist conspiracy theorist you maniac

Sun, 05/17/2015 - 15:16 | 6103485 Atomizer
Atomizer's picture

You just crumbled under questioning. Relax. I misunderstood your post. 

Sun, 05/17/2015 - 15:32 | 6103530 diogeneslaertius
diogeneslaertius's picture

My commentary stands on its own legs, i dont require your approval - you dont even realize lagarde is just a policy dissemination wonk ffs. You cant even seem to figure out the smokescreening going on via the IMF here. I did see above, I commented having "seen above" - have fun dicking around in the foreground analysis and considering that profound chief.

Sun, 05/17/2015 - 15:12 | 6103476 diogeneslaertius
diogeneslaertius's picture

they arent scrambling - they are incrementally engineering a derivatives micro implosion for global 2008-style pleb rape legitimization and a further ramping of SDR/carbon taxes

take a look at the new methane regs in the US

whats with the hostility to my comments - what have i said that is so offensive to you

Sun, 05/17/2015 - 15:20 | 6103496 Atomizer
Atomizer's picture

See above. Breath into a brown paperbag.    

Sun, 05/17/2015 - 19:44 | 6104191 jerry_theking_lawler
jerry_theking_lawler's picture

You mean a bigger 'skim'?

 

That is what this all is, a skim. The .gov has been skimming from producers for over a hundred years. And lately it is not just US producers but global producers to the FRN dominance.  They will not give up the skim easily, otherwise, the entire beaucratic structure is useless and they have no power.

Do you part, pull out of the system as much as possible. Understand the causes, symptoms, and what will happen to heal from this. And after the collapse, make certain the anger and resentment is directed directly at the .gov and help people understand that if we return to a Constitutional Republic that things can return to like they were meant to be.

Sun, 05/17/2015 - 15:02 | 6103446 Bioscale
Bioscale's picture

Encircle Russia and then march on Moscow. Good luck.

Sun, 05/17/2015 - 15:13 | 6103465 diogeneslaertius
diogeneslaertius's picture

there is no need to march on moscow, the cartel still has its men all over inside the russian banking system - China will be used as NWO proxy to gut them in a Comintern 2.0 style move - luckily, the Putin faction knows all of this already and is waiting for them to try and pull the plug after logistical entaglement is attempted - Russia is quickly becoming the last bastion of western civilization and may already be just that - a scray thought given the systemic corruption in many regions. But at least they are mostly christian orthodoxy and arent interested in playing into the whole biological singularity deal.

Sun, 05/17/2015 - 15:42 | 6103562 Bioscale
Bioscale's picture

Agree, they will fight from inside with their assets until the last of them dead or captured before they attack Russia conventionally.  I'm curious what assets Russia has among zionists.

Sun, 05/17/2015 - 15:51 | 6103592 diogeneslaertius
diogeneslaertius's picture

see? we agree. next time dont strawman my analysis eh?

Sun, 05/17/2015 - 14:57 | 6103431 diogeneslaertius
diogeneslaertius's picture

My problem with the perspective of the author is that it plays right into the hands of the enemy and their whole "america the great satan, lets tear them down shall we?" meme - yes, we get it NWO, you used us up and now we are being sent to the glue factory - but did you really have to teach the entire planet and even our own shitizens to stand up on their hind legs and cheer to tear down Magna Carta and the Constitution/BoR? well... i guess you Had to, didn't you?

China will be the new king monkey once handed the football - price discovery in monetary metals hand-off to SGE is already taking place - theyve are building artilects in Beijing now for over a decade - ahh moden "China" where human life isnt just cheap, its worthless, where you are born in a Foxconn walled city and never leave, and you were one of the lucky ones not processed into incinerator fuel via the in-factory abortion clinic. China will be used to really usher in the transhuman ramping strategy and cyberization - a future that as Billy Joy said "does not need us" - prepare your anus for the post-human borg beehive my fellow debt hologram residents.

Sun, 05/17/2015 - 15:41 | 6103555 Zapporius
Zapporius's picture

You could have fought back, but you didn't you were a puppy to your own government, or were playing safe, or calculating. It also felt too good I guess to feel better then the rest of the planet, Murica, fuck yeah.

The 0.01%, wretched as they are, played their part. Chinese played theirs. The fat decadent romans were asleep. Well, shit, too late, the barbarians are coming.

Sun, 05/17/2015 - 16:00 | 6103611 Monty Burns
Monty Burns's picture

Sad but true.

Sun, 05/17/2015 - 15:02 | 6103448 Counterpunch
Counterpunch's picture

still trying to find out definitely who owns the regional banks that make up the Fed.  I presume the old Euro/Jewish banking families are principal owners, Rothschild, Warburg, Lazar... with a dash of some Carnegies and Rockefellers to lend the appearance that it isn't all one group..

But - I have seen nothing that proves this or is bona fide evidence.  Since the Fed banks dont respond to FOIA requests on the grounds that they are private [Yes, the FOMC is part of the government, and no, it doesn't matter] so I guess we can't find out.

Of course, it doesn't matter who owns them.  They point is they should be nationalized - but it would be nice to know for sure who is pulling the strings.  One assumes those that control the Fed controls, largely, the BIS, World Bank and IMF.

 

Those poor, dumb fuck Ukrainian, EU worshippers and Banderites.  They walked right into the trap.

 

 

Sun, 05/17/2015 - 15:12 | 6103473 Atomizer
Atomizer's picture

Look up NGO'S. They operate just like the NFL. Non-profit. 

Sun, 05/17/2015 - 15:18 | 6103492 Counterpunch
Counterpunch's picture

what's non-profit?  for tax purposes sure but if dividends for member bank shareholders are a guaranteed 6% - that is not nonprofit, my friend.

 

http://www.federalreserve.gov/faqs/about_14986.htm

 

That's a jack of the taxpayer.

Sun, 05/17/2015 - 15:24 | 6103505 Atomizer
Atomizer's picture

http://www.ngo.org/ngoinfo/define.html

Read. Again, research. You look stupid without checking information. Non-profit. 

Sun, 05/17/2015 - 15:38 | 6103536 Counterpunch
Counterpunch's picture

hey shit for brains, try reading the link I provided, and then ponder how a bank that guarantees a 6% dividend to its shareholders, no matter what, can really be non profit. The fucking bank shareholders NEVER take a loss.

 

The fact you think the FRS is an "ngo" proves you don't know the first thing about the Fed.

 

Sun, 05/17/2015 - 15:43 | 6103568 Atomizer
Atomizer's picture

I placed you on my ignore button. I've read yesterday's /last evenings train wreck of posts. No thank you on clicking links. 

Here's what I think is happening. 

http://www.counterpunch.org/faqs/

 

Sun, 05/17/2015 - 16:03 | 6103617 Winston Churchill
Winston Churchill's picture

Indeed.Advance corporation tax applies before paying dividends .

One law for us, no law for them.

Sun, 05/17/2015 - 19:45 | 6104193 Atomizer
Atomizer's picture

The key word is trauche. 

Sun, 05/17/2015 - 15:44 | 6103573 TeethVillage88s
TeethVillage88s's picture

And Damn look how they Wrecked the Current Account Balance.

- Current account balance compares a country's net trade in goods and services, plus net earnings, and net transfer payments to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis.

Current Account Balance: Total Trade of Goods for the United States©, 2013: -703,911,000,000 US Dollars,
Sum Over Component Sub-periods (2013 was last data, USA ranked 193 out of 193 Countries, Dead Last), Annual, Not Seasonally Adjusted, BPBLTD01USA637S, Updated: 2014-04-03
http://research.stlouisfed.org/fred2/series/BPBLTD01USA637S

https://www.cia.gov/library/publications/the-world-factbook/rankorder/21...

FRED Chart shows 1987 was a big fist time low after Ronald Reagan Years. They you see George H.W. Bush fight back to 1991 Zenith. Then it is all down hill from there on.

Bill Clinton & George W. Bush years were Cruel.

What can we conclude here??

There was a Coup in the 1980 Election where among other things we put a CIA Director/Military Establishment/MIC Industry Expert in the White House.

- There is no Honest Broker in FBI, SEC, FINRA, FTC, GAO, or CBO
- Certainly there were Coups, one of them 1913, 1980, 1988, 1992, 2000, 2008

Sun, 05/17/2015 - 15:57 | 6103606 Monty Burns
Monty Burns's picture

With respect, your question is not that important. The Tribe will always allow others play,be it banking, media or whatever. But this is on the strict if implicit understanding that they make the rules and own the ball...which they'll pick up and go home if you transgress.

Sun, 05/17/2015 - 15:21 | 6103480 Counterpunch
Counterpunch's picture

If the US loses power the people who run the US - the Deep State - lose power.

This makes them increasingly dangerous. 

Guccifer was probably right...or on to something

https://www.youtube.com/watch?v=IYZz3LphZHI

https://www.youtube.com/watch?v=46AvtlFVqKw

Chicago's mayor, of course, is a sayan for Mossad.  [of that there is no doubt]  And the son of Jewish terrorists not commonly called 'terrorist' because they were Jews.

http://www.whale.to/b/bollyn06nov17.html

 

Guccifer must have quite the Dead Man switch.

 

Putin, too.

Sun, 05/17/2015 - 15:28 | 6103515 diogeneslaertius
diogeneslaertius's picture

Meanwhile, Lehel is an intcom cut-out like snowden being used to acclimate the plebs, DIICOT is a deep state adjunct and they brought this guy in for debriefing. Think about it - what is fapgate etc. basically a PR pump for if not internet 2.0 crackdown - oh and FCC regs came out just months later. Super secret ninja hacker was inside DoD and state dept asset emails? Or is this the NSA shoveling shit out the door via a cut-out to create the justification for crackdown?

 

Don't even get me started about the son of an Irgun terrorist who runs chicago - man, we are such a hijacked nation it makes me sick.

 

My point here is they want the US dismantled because they cant snatch the guns - we are being cooked down. (btw i rated this comment up, even if i think that, like most people, include multiple desk writers at infowars, you are buying into the "guccifer" psyop)

Sun, 05/17/2015 - 15:39 | 6103554 Not Too Important
Not Too Important's picture

As long as the concept of 'America' remains, the concept of 'freedom and democracy' remains in people's minds.

Destroy America, and no one anywhere will ever think someone in a white hat is riding to their rescue ever again.

America must be destroyed in a most public way, to destroy the rest of the world's morale.

This is our future. At least Fukushima will wipe out the NWO planners and their families, too.

God has his own Samson Option, and the trigger's been pulled.

Sun, 05/17/2015 - 15:46 | 6103581 diogeneslaertius
diogeneslaertius's picture

you summed up the entire "down with the great satan" meme pump very nicely - and on the ashes of "the west" a New World Order will be constructed and the guys running the show will have their lackeys pose as the planet's saviors - and then the carbon taxes, a tax on all human activity, will really kick in.

better buy a $TSLA slaves.

Sun, 05/17/2015 - 15:50 | 6103589 Monty Burns
Monty Burns's picture

Amazing that a man who volunteers to serve in the army of a foreign state (Israel) and not serve in (cough) his own gets to be the American President's Chief of Staff and two-time Mayor of the country's third largest city.

ZOG.

Sun, 05/17/2015 - 15:17 | 6103487 holdbuysell
holdbuysell's picture

I'm interested to see what JC Collins' of philosophy of metrics posts next. This turn in events is certainly not going to plan.

Sun, 05/17/2015 - 15:44 | 6103572 diogeneslaertius
diogeneslaertius's picture

It occurs to me that is is going precisely to plan and that the PR pump about it not going to plan, is actually a key part of the plan.

Sun, 05/17/2015 - 16:14 | 6103655 Winston Churchill
Winston Churchill's picture

He wrote about this very possibillity back in Jan. I believe.

The end result was a plan B where the USD gets severely punished weighting/value wise

when the IMF goes ahead without the USG.

I personally think WWIII breaks out at that point instead,in September this year.Not

by proxy, but the real deal.The whole SDR scheme was to try to avoid the wars that have alway

happened at every point when GRC changes.

The bankers win either way,if they survive, as usual.

Sun, 05/17/2015 - 17:35 | 6103849 holdbuysell
holdbuysell's picture

I thought the end-around was the Plan B, which just failed.

I guess we both need to go back and see what his views are under this current scenario.

Sun, 05/17/2015 - 16:30 | 6103687 Wave-Tech
Wave-Tech's picture

You'll have to subscribe these days if you want to hear his musings....

Sun, 05/17/2015 - 15:20 | 6103498 Counterpunch
Counterpunch's picture

off topic a bit, but kinda interesting. apologies if its already been seen around the Hedge:

The Network of Global Corporate Control
Sun, 05/17/2015 - 15:40 | 6103559 Not Too Important
Not Too Important's picture

Don't forget all the European bloodline shit.

Sun, 05/17/2015 - 15:22 | 6103499 diogeneslaertius
diogeneslaertius's picture

Some day you ladies are gonna realize i dont give a rat's ass who disagrees with me and thumbs my shit down, because this is not rhetorical - im trying to fucking warn people i care about here not grandstand ffs. If you don't think I would trade my fkin eye teeth to be wrong in a new york minute, you are sorely mistaken.

ZH readers are some of the only people who can help avert the post-human borg beehive i see coming down the pike at us - i am not some hedge fund manager folks, im just a nonmuppet average joe investor with midcap clients I do PR for.

If the shit ever hits the fan, im the guy with the rice, buckshot and nano-atomic silver stockpiled - keep that in mind.

Sun, 05/17/2015 - 15:43 | 6103564 diogeneslaertius
diogeneslaertius's picture

Thank you for reminding me of the fruitlessness of my efforts and the need to simply focus on cynically executing trades. People dont really care about the geopolitical/macrofinancial reality.

The biological android is the precursor race to the borg drone, the artilect war has already begun, we are fighting incrementalists, and it is a waste of time to light signal fires.

Have a nice weekend my fellow slaves.

Sun, 05/17/2015 - 16:17 | 6103660 wendigo
wendigo's picture

You're my kind of guy. 

Sun, 05/17/2015 - 15:34 | 6103538 NoTTD
NoTTD's picture

On the other hand, why would any country vote to send more money, and thereby power,  to the IMF?  

Fuck that, especially when you consider that the one which would owe 16.7% of the new capital is broke.

Sun, 05/17/2015 - 15:59 | 6103608 Atomizer
Atomizer's picture

Argentina did it twice. Borrowing to pay off compound IMF interest loan. 

History IMF

http://m.youtube.com/watch?v=QmNe08droTg

No comment needed. 

Sun, 05/17/2015 - 16:07 | 6103593 falak pema
falak pema's picture

Hahaha, At last ZH now attacks an old "division of power" that BW NWO imposed on "friends and allies post 1945" in Pax Americana take over of western world under Truman and birth of CIA :

WB had a American head. Always, which meant money was doled out by WB and US AID to further the interests of Pax Americana and its nascent MIC, especially as the cold war post Potsdam made it a binary world; aka the post colonial world was either "Commie friend " or "US friend", the former being defined by the Comintern and the latter by the Dulles brothers and the CIA. 

IMF had a European head. It was the younger brother who ensured USD hegemony in loans to third world compatible to WB and USAID objectives. The world lived on Marshall Plan and greenback backed by gold exchange and fueled by profits of Oil monopoly of US companies. The 1950 age of GM/Ford and Rockafella ! 

The French had in all 5 IMF heads and after Charles de Gaulle's political demise in 1969 they were all "the US Nixonian Oligarchy" serfs. Friedman's floating rates had made US fiat king of the world that Dear Henry subsequently made into Petrodollar bonanza out of London City, viva Trilateral world ! 

When Reaganomics began Michel Camdessus was IMF head, and never has a CB knelt moar to the ground than he to ensure that "invisible hand" of Reaganomics became the "iron hold" of IMF/WB economic hitmen on the third world. He was the perfect appartchick of US financial hitmania! A frenchman at that! 

So...the collusion of Frenchified bankstas and US FED/IMF/WB hegemony to sodomise the third world is an old game...They even cut and pasted what Dear Henry did in ME/Saud to create french hold of Françafrique oil under CFA monetary hegemony (à la $ hegemony, with all African countries OBLIGED to hold 50% of their participation in national bank capital of CFA system with Banque de France deposits (alike Fort knox gold deposits)...whence all the scams of African potentates who own real estate of their ill gotten gains in Paris RE (like the oligarchs of world do in NY and London under petrodollar hold)...what a world of  financial CLONED clowns ! 

What Obammy says today to Lagarde is just : "business as usual". Apparently, DSK, for all his predatory and sexual impulses did not see eye to eye with Geithner (his true boss) when the post Lehman crisis began. He wanted bank haircuts in Ireland to save the state economy, that Geithner vetoed (to save the banks!). We know how that played out and maybe how DSK got "fixed".

Lady Lagarde is not of that metal. She is pure US hegemony compatible as she has headed a US based lawyer's combine that was specialised in protecting big business against the "social outcasts" and sacrificed of this world. The Erin Bronkovich types...

Now the "refusnik" alliance is causing concerns to US hegemony. As is Saud... and DAT is even worse for petrodollar hegemony...

It began with Iran 1953 then Nam and it continues, the lies of Pax Americana and its money line.

Sun, 05/17/2015 - 16:11 | 6103646 Atomizer
Atomizer's picture

Ding, ding. Still missing a few pieces to puzzle. Good job. Don't overstock information on J6P. 

Sun, 05/17/2015 - 16:26 | 6103680 falak pema
falak pema's picture

cryptic and atomised. So dusty its not clarified.

Sun, 05/17/2015 - 19:41 | 6104180 Atomizer
Atomizer's picture

Never show all your cards in a poker game. 

Sun, 05/17/2015 - 15:52 | 6103594 reader2010
reader2010's picture

When any meaningful reform is impossible from the top down,  revolution from the bottom up is inevitable. Perhaps that's the lesson that people don't learn from history. 

Sun, 05/17/2015 - 15:55 | 6103598 Panic Mode
Panic Mode's picture

Let face it US, you either have the IMF with China join in (the nice way) or the BRICS bank (the hard way). The bottom line is you don't have a freaking choice.

Sun, 05/17/2015 - 16:05 | 6103625 cherry picker
cherry picker's picture

Who needs the IMF?

I sure the hell don't.  DC can keep it all to itself.

Sun, 05/17/2015 - 16:06 | 6103629 kchrisc
kchrisc's picture

"Belligerent US Refuses To Cede Control Over IMF In Snub To China"

Real Headline: "Zion's War Dog Refuses to Cede Zion's Control Over IMF In Clear Message to China from Zion: Zion Wary of the Monster Their Ponzis and Grifts Have Inevitably Created in China"

Liberty is a demand. Tyranny is submission.

Sun, 05/17/2015 - 16:06 | 6103632 Atomizer
Atomizer's picture

Project Venus wants one global labor union. They will receive a union of bullets from US. 

Sun, 05/17/2015 - 16:09 | 6103640 besnook
besnook's picture

the conflict with china is an interesting setup that is a reminder of the conflict with japan at the turn of the 20th century when the west refused to recognize japan's influence in the region and the world by treating the nation as a second class power even though it was the most powerful economic and military power in the region. the west eventually pushed japan to war.

 

china has protected itself from the embargo the usa used(and has used repeatedly as provocation) to provoke japan by allying itself with russia for energy needs and a trillion dollars in treasuries with a huge gold cache. now it has arranged outside financing through the brics bank. on top of that, the chinese have made multinational corps dependent upon the chinese economy. the usa is finished.

again., the usa has the checkerboard out and the chinese are playing go.

Sun, 05/17/2015 - 16:29 | 6103685 Atomizer
Atomizer's picture

Twain and China dispute has been quiet for sometime. Expect another uptick in near future. All apart of Fast Track Agreement. Just take a broomstick and poke a hornets nest. If agreement was favorable, documents would of been public. Another Brussels attempt to pass laws outside US Constitutional laws. 

Sun, 05/17/2015 - 16:31 | 6103688 Batman11
Batman11's picture

The Americans are special.

some time earlier .......

The Germans are special  ....

We are the master race, the third Reich will last for a thousand years.

Delusions are nothing new.

 

Sun, 05/17/2015 - 16:33 | 6103698 Batman11
Batman11's picture

Here in the UK they used to think the empire would never fade.

From one fading super power to another  .... get over it.

 

Sun, 05/17/2015 - 16:40 | 6103718 WTFUD
WTFUD's picture

It's a bum wrap. Will the USSA ever again land a voyeur on Kim Kardashian's moon cheeks?

The Final Frontier . . . 

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