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Perception shift underway. Also that burning to the ground threat I mentioned surfacing.
http://www.marketwatch.com/story/sor...war-2015-05-19
“If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war,” Soros said.
Military spending is on the rise in Russia and China, he said.
To avoid this scenario, Soros called on the U.S. to make a “major concession” and allow China’s currency to join the International Monetary Fund’s basket of currencies. This would make the yuan a potential rival to the dollar as a global reserve currency.
In return, China would have to make similar major concessions to reform its economy, such as accepting the rule of law, Soros said.
Allowing China’s yuan to be a market currency would create “a binding connection” between the two systems.
An agreement along these lines will be difficult to achieve, Soros said, but the alternative is so unpleasant. more if click
Last edited by devil21; 06-03-2015 at 11:07 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Looks like TPP (death of the international dollar as sole global reserve and how it affects trade and other issues) and Jade Helm (preparing for civil unrest during a banking shutdown, seizure of debt collateral and elimination of organized resistance) are parts of the grand plan. If people can't tell by now that a lot of things are converging onto the same timeline then they're simply not paying attention.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
bump
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Another example of bankers suing themselves to trigger changes. Greenberg's lawsuit was absurd in the first place so that can be the only explanation. What CEO sues the entity that bailed him out from insolvency, claiming damages and that the bailout was illegal? No damages awarded, of course, just a declaration that the Fed is in violation of law. Violation of law is a trigger for dissolution of the Fed, per the Fed Act.
h/t to randomname for this thread
http://www.ronpaulforums.com/showthr...serve-Act-quot
http://www.nytimes.com/2015/06/16/bu...oney.html?_r=0
Others could consider it a case of "method to the madness".WASHINGTON — When Maurice R. Greenberg, the former chief executive of the American International Group, brought a class-action lawsuit against the government in 2011, contending that the Federal Reserve overstepped its bounds when it bailed out his company at the height of the financial crisis, the reaction was mainly befuddlement and outright ridicule.
--------------------------
Also, the Greek slow-crash was just announced as effectively becoming a case of debt repudiation. Greece is the first domino that will officially kick-off the introduction of gold-backed currencies as Greece shifts out of the EU financial umbrella and under the BRICS umbrella. BRICS will declare their gold holdings as the backing for the drachma. More will follow. I think we will be hearing the term "odious debt" often in the near future.
http://greece.greekreporter.com/2015...te-and-odious/
------------------Originally Posted by 6-17-15
US National Debt still frozen.
http://cnsnews.com/news/article/tere...18112975000000
---------------------That, according to the Treasury's statements, makes 90 straight days the debt subject to the limit has been frozen at $18,112,975,000,000.
Rand introduces a Flat Tax replace payroll taxes. It doesn't specifically say it replaces the income tax but that's generally what flat taxes do.
http://www.nytimes.com/politics/firs...flat-tax-plan/
Expansion of Rand's flat tax proposal. Either he and his staff is taking pointers from this thread or they've been told that the Fed and IRS, in their current forms, are going away.
http://news.yahoo.com/rand-paul-plan...041500518.html
-----------------------------Calling it “The Fair and Flat Tax,” he says his plan will be equivalent to a $2 trillion tax cut “ that would repeal the entire IRS tax code—more than 70,000 pages—and replace it with a low, broad-based tax of 14.5% on individuals and businesses.
New currency incoming. Go read up on how the EU introduced the euro cash. Pretty sure there will be a devaluation in some amount that coincides with a major gold announcement from BRICS.
http://thehill.com/policy/finance/24...on-the-10-bill
-------------------------------
Many economic minds have said that when it starts, the changes will come fast and furious.
The Fast and the Furious 7, indeed. It is speeding up Be ready for anything.
Last edited by devil21; 06-18-2015 at 09:38 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Greece bump.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
DOW closed at 17,776.91 on 7/7. Wild day on the markets....might start getting bumpy!
eta: oops, don't mind that little hiccup on the nyse the following day
Last edited by devil21; 07-28-2015 at 06:32 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Another step toward yuan integration into the SDR basket.
London Metals Exchange to accept yuan as collateral for trading.
http://www.zerohedge.com/news/2015-0...nbi-collateral
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Haven't you heard the news? China is going to replace the US dollar with a gold backed yuan and all will be perfect in the world. No more inflation or unemployment or bubbles. All jobs will be high paying and all prices will be low and falling forever.
How did I miss that? Numerology of the frozen debt number reduces to 7. 1+8+1+1+2+9+7+5+000000=34 3+4=7
Some stuff with the dollar. Some stuff with the yuan. Some stuff with gold. You know, stuff. What do you think will happen when the yuan is added to the SDR? Let's hear your opinion.
Last edited by devil21; 07-29-2015 at 09:08 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
What will happen? Not much. SDRs aren't even a real currency.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
No way they let the new guy be the biggest partner. Japan only has seven percent of the basket. Probably give China some similar share- say five percent.
Currently it is $US 47%, Euro 33%, Pound Sterling 12% and Japanese Yen 7% (numbers rounded off). https://www.imf.org/external/np/fin/data/rms_sdrv.aspx
Total value of all SDRs in the world: $204 billion.
http://www.imf.org/external/np/exr/facts/sdr.htmThe SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.
5% only eh? A bold prediction indeed.
However, you did not answer the rest of my questions so I will ask again. Do you think the dollar will remain world reserve after the re-weight? Do you see the dollar staying at 47%?
Btw, Japan is slowly turning into a radioactive wasteland so they become less relevant by the day.
Last edited by devil21; 07-30-2015 at 09:33 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Assuming they do join, what percent do you think China will get? 50%? Will they get a bigger share than the US dollar?
The NDB is the wildcard, given China's official (yet obviously 100% bs) declaration of only 1600t of gold holdings. Where does gold truly play into the coming changes? I'm thinking gold itself will be re-added to the SDR basket, thus making national currency weightings anyone's guess. But it would be easy to predict 20% gold, 20% USD, 20% yuan, 20% euro, 10% pound, 10% yen.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
There is absolutely no discussion on adding gold to SDRs. Not gonna happen- no matter how much you want them to. Unless you want to donate a few $billion in gold to them to use. There is also no way they will give the Yuan the same weighting as the dollar and the Euro. The Americans and Europeans created the system and they run it.
They could make more dollars but they could not make more gold so they dropped it.The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.
Besides announcing their gold reserves (which they just did), another requirement for China to join the IMF and SDRs is they will have to let their currency float and not peg it to the dollar and the Euro anymore.Only a few years after the creation of SDRs, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime. In addition, the growth in international capital markets facilitated borrowing by creditworthy governments. Both of these developments lessened the need for SDRs. However, more recently, the 2009 SDR allocations totaling SDR 182.6 billion have played a critical role in providing liquidity to the global economic system and supplementing member countries’ official reserves amid the global financial crisis.
The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.
http://www.reuters.com/article/2015/...0XD1LI20150416
The May meeting passed without discussing China so it won't happen early next year. Nor has China unpegged their currency yet.International Monetary Fund Managing Director Christine Lagarde earlier this year said it was a question of when, not if, China's yuan will be included in the SDR basket - currently made up of dollars, yen, pounds and euros.
The IMF is due to review the basket's composition later this year to assess whether any currencies meet its criteria, including being "freely usable," or convertible - seen as a key obstacle for the yuan, also known as the renminbi.
"The Chinese authorities know quite well what is desirable, what needs to be changed and improved in the monetary policy and in the financial sector in China," Lagarde said during a press conference on Thursday.
"And I believe what the Chinese authorities have actually indicated ... will naturally be conducive to an assessment of whether or not the RMB (renminbi) is freely usable, which is as you know one of the key criteria," she said.
The first step in the IMF's review of the basket for the SDR, an international reserve asset, is an informal board meeting in May, followed by a formal review in the autumn. Any changes would likely come into effect in January 2016, and can be passed by a simple majority.
The IMF could also decide to change its rules for inclusion into the SDR, but that would require a 70 to 85 percent majority on the 24-member executive board.
Last edited by Zippyjuan; 07-30-2015 at 09:49 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Who would use this currency? (plus the fact that they would need a few trillion more than the $200 billion worth they currently have)? It replaced the Dollar, then the SDR ceases to exist since it is comprised mostly of dollars. Ditto for Euros. It can't replace the Euro because the Euro is one if the currencies it is made up of. Maybe Greece could use them.
Last edited by Zippyjuan; 07-30-2015 at 10:03 PM.
Who would use the SDR? Everyone that is directed to use it when it is introduced as a global currency, that's who. We both know a global (digital) currency without ties to any particular country is the endgame. (12-20-18 edit: blockchain/bitcoin has since been introduced)
Stop talking about $XXXXXX 'dollars' as if that means something. Same for the euro and other national currencies. They are all illusions of value since none have any intrinsic worth and can be revalued at any moment. This is especially true when the role of gold as money is reintroduced in some iteration.
Last edited by devil21; 12-20-2018 at 12:05 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Sorrry- that isn't going to happen. I know the gold selling websites like to push the idea but it has no serious consideration in the real world.
Gold backed yuan to replace dollar! (first assumes China wants a gold backed currency).
No, SDRs will replace the dollar (but they can't since they are about half dollars- no dollars, no SDRs)
No- it will be a global digital currency- that is their endgame. Digital currency wouldn't need dollars or gold or SDRs or yuan. And given the troubles with the Euro- a global currency would have even worse problems and be harder to get passed and implemented. Unless of course there was only one global government in charge of everything and everyone.
The story keeps changing.
Last edited by Zippyjuan; 07-30-2015 at 10:18 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
So which comes first? Do you have a link to the whole plan? Who are the "they" behind the plan?
Last edited by Zippyjuan; 07-30-2015 at 11:06 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
When should we start watching?
Gold heads for longest weekly losing streak in 16 years
Lots of developments lately, many in line with this thread. Now every politician wants to talk about ending the IRS for real.
SecState Kerry says dollar reserve status hinges on Iran deal.
http://www.ronpaulforums.com/showthr...ran-Deal-Fails
(no, not really, but it makes for a good 'reason' for the masses to buy into what was already planned long ago.)
-------------------------
Colorado mine spill is another example of turning over mines to debt holders, as detailed earlier in this thread. Spill wasn't accidental and it's not harmful to the ecosystem according to EPA, but it does make people want to relocate away from the mining areas due to claimed contamination of well water. Whatever mines are in that area will be operational again soon, but with foreign corps like Rio Tinto controlling them.
-----------------------------
Debt still frozen after 150 days.
http://cnsnews.com/news/article/tere...18112975000000
Last edited by devil21; 08-12-2015 at 01:50 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Feast of the Trumpets, September 13-15.
9-29 is an interesting date to me. This date is referenced twice in the House of Cards second season.
Last edited by devil21; 08-18-2015 at 03:00 AM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
It's a very bad sign when bank cheerleaders like WSJ's Jon Hilsenrath start building an "anti-semitic" firewall against criticizing Goldman Sachs, the Fed and other bankers. Very good reasons to criticize them can't be far away!
http://www.zerohedge.com/news/2015-0...-anti-semitism
--------------------That much is undisputed. It is what Hilsenrath does next that left us and anyone else who read it stunned, when he ever so gently pivots the narrative so that any critique of Goldman Sachs immediately construed as, drumroll, anti-semitism.
"The Goldman blowback is a particularly challenging subject to understand and analyze. Taken to extremes, criticism of the firm, which was founded and built by Jewish Americans, smacks at times of anti-Semitism."
Interesting that the IMF has officially rescheduled the yuan inclusion into the SDR until next year. Assuming it's not a head fake for markets, I guess all the pieces aren't quite in place yet for that big step.
http://www.ibtimes.co.uk/yuans-inclu...conomy-1516428
Obviously the formal inclusion of the yuan into the SDR is a cornerstone of the dot-connecting events I've detailed in this thread. If that cornerstone event is rescheduled, other events that facilitate it also could be rescheduled. That's the catch of tracking banker moves....they can move events if there's too much attention. The element of surprise is how perceptions are quickly changed....
Last edited by devil21; 09-04-2015 at 06:36 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Reset is underway. Got metals?
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
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