"the G20 Moves the World a Step Closer to a Global Currency"
DriftingByTheStorm
Posts: 8,684
The wheels of over-reaching, centralized, globalized power are turning full force these days.
Telegraph UK: The G20 moves the world a step closer to a global currency
That took what, approximately 10 days to go from "not even in the public conscience" to "Obama says no. Geither says some day. China says yes" to "OKAY, WE'VE DONE IT".
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Is anyone else not alarmed at how fast and furious these elite interests are stepping things up?
The activation of the long dormant \ underused \ never-caught on SDRs -- hereto previously only really used as "development" script floated to impoverished countries in order to aid economic development in exchange for one sided long term commitments that favor the IMF and the global elite at the expense of the working poor -- as a full fledged inflationary world reserve currency is MONUMENTAL.
The fact that SDRs previously existed in a MUCH LIMITED capacity only serves to FOOL the ignorant majority in to thinking that nothing big is happening.
The reality however is much different, and very troubling.
The escalation of Special Drawing Rights as a global reserve currency serves to directly counter the nearly hundred year reign of the US Dollar as the worlds reserve currency.
I know those outside of the US don't really give a shit about that part, and to be clear, its not some sick nationalistic pride that has got me all bent here. IT IS THE RAMIFICATIONS.
The switch to full use of SDRs is a signal.
It is saying, loud and clear, THE ERA OF DOMINANT SOVEREIGN NATION-STATE WORLD POWERS IS COMING TO AN END, AND WE ARE USHERING IN A NEW AGE OF GLOBALY MANAGED, ELITE CONTROLED, SUPRA-NATIONAL GOVERNMETAL, REGULATORY, AND ENFORCEMENT STRUCTURES: Novus Ordo Seclorum is upon us.
THAT is what should concern EVERYONE.
Your country is being put down, sacrificed to the cause of centralized global power, at the direct expense of the people and their local self-government.
I think AE Pritchard is actually off the mark here. If a true "World Currency" is to be issued, it is a LONG time coming... however, the real negative impact of this overnight change of policy -- which shifts power away from sovereign state power to an international body (the IMF) -- serves to reign in the many diverse nations of this globe by default.
If they can control the "currency of currencies" at a supra-national level,
the question of a true "world currency" becomes almost obsolete.
They are already GETTING their control.
In spades.
:(
Telegraph UK: The G20 moves the world a step closer to a global currency
That took what, approximately 10 days to go from "not even in the public conscience" to "Obama says no. Geither says some day. China says yes" to "OKAY, WE'VE DONE IT".
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Is anyone else not alarmed at how fast and furious these elite interests are stepping things up?
The activation of the long dormant \ underused \ never-caught on SDRs -- hereto previously only really used as "development" script floated to impoverished countries in order to aid economic development in exchange for one sided long term commitments that favor the IMF and the global elite at the expense of the working poor -- as a full fledged inflationary world reserve currency is MONUMENTAL.
The fact that SDRs previously existed in a MUCH LIMITED capacity only serves to FOOL the ignorant majority in to thinking that nothing big is happening.
The reality however is much different, and very troubling.
The escalation of Special Drawing Rights as a global reserve currency serves to directly counter the nearly hundred year reign of the US Dollar as the worlds reserve currency.
I know those outside of the US don't really give a shit about that part, and to be clear, its not some sick nationalistic pride that has got me all bent here. IT IS THE RAMIFICATIONS.
The switch to full use of SDRs is a signal.
It is saying, loud and clear, THE ERA OF DOMINANT SOVEREIGN NATION-STATE WORLD POWERS IS COMING TO AN END, AND WE ARE USHERING IN A NEW AGE OF GLOBALY MANAGED, ELITE CONTROLED, SUPRA-NATIONAL GOVERNMETAL, REGULATORY, AND ENFORCEMENT STRUCTURES: Novus Ordo Seclorum is upon us.
THAT is what should concern EVERYONE.
Your country is being put down, sacrificed to the cause of centralized global power, at the direct expense of the people and their local self-government.
I think AE Pritchard is actually off the mark here. If a true "World Currency" is to be issued, it is a LONG time coming... however, the real negative impact of this overnight change of policy -- which shifts power away from sovereign state power to an international body (the IMF) -- serves to reign in the many diverse nations of this globe by default.
If they can control the "currency of currencies" at a supra-national level,
the question of a true "world currency" becomes almost obsolete.
They are already GETTING their control.
In spades.
:(
TelegraphUK wrote:A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.
"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.
In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.
It has been a good summit for the IMF. Its fighting fund for crises is to be tripled overnight to $750bn. This is real money.
Dominique Strauss-Kahn, the managing director, said in February that the world was "already in Depression" and risked a slide into social disorder and military conflict unless political leaders resorted to massive stimulus.
He has not won everything he wanted. The spending plan was fudged. While Gordon Brown talked of $5 trillion in global stimulus by 2010, this is mostly made up of packages already under way.
But Mr Strauss-Kahn at least has resources fit for his own task. He will need them. The IMF is already bailing out Pakistan, Iceland, Latvia, Hungary, Ukraine, Belarus, Serbia, Bosnia and Romania. This week Mexico became the first G20 state to ask for help. It has secured a precautionary credit line of $47bn.
Gordon Brown said it took 15 years for the world to grasp the nettle after Great Crash in 1929. "This time I think people will agree that it has been different," he said.
President Barack Obama was less dramatic. "I think we did OK," he said. Bretton Woods in 1944 was a simpler affair. "Just Roosevelt and Churchill sitting in a room with a brandy, that's an easy negotiation, but that's not the world we live in."
There will be $250bn in trade finance to kick-start shipping after lenders cut back on Letters of Credit after September's heart attack in the banking system. Global trade volumes fell at annual rate of 41pc from November to January, according to Holland's CPB institute – the steepest peacetime fall on record.
Euphoria swept emerging markets yesterday as the first reports of the IMF boost circulated. Investors now know that countries like Mexico can arrange a credit facility able to cope with major shocks – and do so on supportive terms, rather than the hair-shirt deflation policies of the old IMF. Fear is receding again.
The Russians had hoped their idea to develop SDRs as a full reserve currency to challenge the dollar would make its way on to the agenda, but at least they got a foot in the door.
There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence.
French President Nicolas Sarkozy said the summit had achieved more than he ever thought possible, and praised Gordon Brown for pursuing the collective interest as host rather than defending "Anglo-Saxon" interests. This has a double-edged ring, for it suggests that Mr Brown may have traded pockets of the British financial industry to satisfy Franco-German demands. The creation of a Financial Stability Board looks like the first step towards a global financial regulator. The devil is in the details.
Hedge funds deemed "systemically important" will come under draconian restraints. How this is enforced will determine whether Mayfair's hedge-fund industry – 80pc of all European funds are there – will continue to flourish.
It seems that hedge funds have been designated for ritual sacrifice, even though they played no more than a cameo role in the genesis of this crisis. It was not they who took on extreme debt leverage: it was the banks – up to 30 times in the US and nearer 60 times for some in Europe that used off-books "conduits" to increase their bets. The market process itself is sorting this out in any case – brutally – forcing banks to wind down their leverage. The problem right now is that this is happening too fast.
But to the extent that this G20 accord makes it impossible for the "shadow banking" to resurrect itself in the next inevitable cycle of risk appetite, it may prevent another disaster of this kind.
The key phrase is "new rules aimed at avoiding excessive leverage and forcing banks to put more money aside during good times." This is more or less what the authorities agreed after the Depression. Complacency chipped away at the rules as the decades passed. It is the human condition, and we can't change that.
If I was to smile and I held out my hand
If I opened it now would you not understand?
If I opened it now would you not understand?
Post edited by Unknown User on
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was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
The elite banking interests who are benefiting from all of this.
Let me ask you a question, Solarworld.
The list of owners of the stock of the regional Federal Reserve banks of the United States has never been published. The stock is, by law, only saleable to chartered US commercial banks operating within the system, but the actual list of owners and their percentage of ownership is strictly non-public information.
If i, therefore, use the term "they" to describe these motley interests, does that make me a conspiracy theorists who is making things up?
I have NO IDEA who the interests behind the IMF really are, but i can give you some guesses that it involves a royal family or two, some pretty impressive blood lines, and probably the name Rothschild. But that would all be speculation, because i'd imagine that the IMF is as opaque or moreso than the US Fed.
So you tell me,
who is "they",
and how can i find out?
Sorry to piss you off by being so vague,
but i can't give you information that is not available.
If I opened it now would you not understand?
Funny, when the markets tanked in the fall, people were lining up to blow driftin...people were thanking him publicly, admitting they were wrong, asking for advice....and he didn't gloat (k maybe a little when pushed, but not nearly as much as he could have). He's posted a lot of valuable information here. If you can't filter what you disagree with, or come up with valid retorts, that's not our problem (or his). And if you don't think he's ever provided his pov regarding solutions, you haven't been paying attention - he's one of the few that has.
It goes like this: Yes, you don't know exactly who is behind all of this, and that is exactly why it is all so perturbing. Either way, it is possible to figure out who runs the show, the information CAN be obtained. The way it happens is through a mass information campaign, which is what Drifting is doing when he posts this stuff. You probably disagree with his delivery more than his goals, if you are able to see the points he is making. The only reason why "THEY" are able to do what they do is because we let them. There's just simply not enough people in this world that realize that there is a ruling elite, their intentions are truly unknown because the names and personalities are not known. If nothing else, why not expose them? It makes it a lot easier to put pressure on them to act in the interests of the people and systems that they have control over. THEY currently have nothing to fear. They own the printing press, and control credit. Their identities are not known, so they are perfectly safe from any kind of scrutiny, let alone actual pressure on them.
The more that people are aware that they really are losing more control of their lives because these institutions, the more people will demand that they have a right to know who is really in control, and what logic, procedure, and methods they use to do what they do. The Federal Reserve refuses to be audited, because if they were, it would probably take 10 minutes to show that the numbers don't add up.
Maybe your position is just that we're wasting our breath on this stuff, and giving ourselves an unnecessary early coronary. Maybe you're right? Maybe we will never achieve the numbers we need to stand up and say "enough is enough, just let us live the way WE want to live." The fact of the matter is, if government and whoever controls them would strike a deal with me today that their grip wouldn't get any tighter than it is right now (and I could actually trust them), I'd say IT'S A DEAL. But there is no guarantee of that. The trend is quite clear that your power over yourself diminishes with each layer of government that gets created above you. It's gone from governing yourself, to local government, to state, national, and now the world. You're damn right, I'm sitting in a cushy chair here in America typing this, but how long is that going to last? America is obviously the fair-haired boy in their sphere of influence-- what about the poorer countries of the world? Are they not indirectly, if not directly affected by the actions of this elite, and are in their position as a result of this system? Who is to say we here in America aren't headed in the same direction once it makes sense to use China as their main enforcer and vehicle for implementing their rules and monetary policies?
Again, it goes back to having control over oneself. It takes the masses to push for this, and therefore takes the masses to be informed of the existence of this "elite." This is why this stuff is a concern, and why it gets posted here. Bodies and open minds are needed so we can all live the way we want, not by how some virtually intangible small group of people want us to live-- especially when it seems they just want us to serve them.
I'm not freaking out, but i AM freaking pissed off and outraged at what is occuring right now.
And more so i'm absolutely blown away by the sad fact that the majority of Americans have either no fucking clue as to what is occuring, or simply dont seem to give a shit.
i wont even respond to the rest of this stuff, because i think some others have stepped up to the plate to answer the charges.
as for solutions,
i post ideas all the time.
most go by with little comment.
But here is another, just for you:
VIDEO: solution to the mortgage crisis
corresponding website:
GREAT DEPRESSION? HYPER-INFLATION?
The Neighborhood Recovery Act
By: Stanley L. Klos
February 28, 2009
If you can bother to get through that lengthy piece, you might come out with a better understanding of just how inadequate and misguided (i would say "maleficent", but whatever) the so-far proposed and enacted "recovery" initiatives have been.
Instead of throwing away money (and the entirety of our country's future) on failed banks --- banks that we ONLY prop up because THEY run them, and therefore they can NOT fail, because it is about POWER, and if they went in to BANKRUPTCY they would lose ALL of it -- we should be stimulating INVESTMENT by private capital, and not simply re-inflating a PURELY SPECULATIVE game on wall street.
If I opened it now would you not understand?