And the Rise of the Macro Central Bank

By JC Collins

Charles Dickens masterfully crafted tales which captured the smells and sights of economic destitution.  From Oliver Twist to A Christmas Carol, the characters that littered the great storytellers novels found themselves alive during times of hardship, and yet maintained a stubborn sense of kinship.

The people of today are divided and disjointed into sad simulations of the literary creations of Dickens.  The sad joy once expressed is now overtaken by silent and subtle anger which simmers just beneath the surface of everyday life.

Truth is never openly revealed or discussed in anything outside of disorganized debates structured around faults and fallacies.   The mass movement of ignorance  is an endless swell of forced sameness and complacent grumbling.

Winston Churchill has been quoted as saying “Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened.”  Nothing much more need be said about the state of willful human ignorance and avoidance.

What passes for truth nowadays is anything but, and looking back into the past we can also see that truth was scarce in previous periods of turmoil and politically staged drama.

When revolutions started sweeping through Europe in the 18th century, did no one question why the monarchies all acted with economic irresponsibility?  Did no one see the same pattern repeating from region to region as each monarchy was overthrown through violent means?

Those who study history outside of the accepted and conditioned versions taught and expounded upon in specifically engineered curriculums are quick to recognize the flow of capital from empire to empire.  This capital pattern tells a very interesting tale of power transitions from monarchies to democracies.

The banking interests of the time used economic and monetary policy to slowly transfer wealth from the masses.  With each passing year the economic destitution became more and more prevalent with the reactions of the people coached to focus specifically upon the faults of the ruling king or queen.

The blue bloods were completely ill-equipped to deal with the psychological operation which was being orchestrated against them.  From the French Revolution all the way through the Bolshevik Revolution, one by one, the monarchies fell to the machinations of the banker mischief.

The idea of the state, a simulation of the democratic ideals as envisioned by the ancient Greeks and Romans, was carefully introduced to the masses as the solution to the corrupt and financially inept monarchies.

We say simulation of democracy because each state was designed with the fatal flaw of having its money creation process controlled by the very same bankers which funded and orchestrated the overthrow of the monarchies.  From their inception, the democratic states were fragmented and controlled by external interests which were specifically focused on the transfer of wealth from the disorganized masses.  Wealth of course being the time and labor of the people.

Today we are witnessing the same democratic deficit play out as the countries of the world have been forced into monetary policies which ensure a cycle of sovereign debt creation that exponentially expands the money supply of each country.

This time it will not be monarchies which take the fall but the very state governments which replaced them.  No where today do we see truthful debate about central banks and money creation.  All fiscal and monetary failures are directed towards the budget and spending policies of the governments themselves.  It is never reasoned that perhaps governments do not require an external money creation system by way of privately owned and unelected central banks.

These banks are now fully consolidated under the regulations of the Bank for International Settlements.

It’s amazing that very little attention is paid to the BIS and its Basel regulations.  This institution and its orders are followed by all the central banks in the world, from the Bank of Canada and Bank of England, to the Federal Reserve and People’s Bank of China.  Even the Russian central bank is a gear in the wheel house of this organization.

As the sovereign debt crisis of each country begins to take center stage, there is background process of centralization taking place in order to have the planned solution to the problem ready for the ultimate revelation.  The monetary policies of all the worlds central banks are beginning to streamline into one official directive.

Klaas Knot, President of the Netherlands Bank, speaking on April 24, 2014, said:

“We’re now on the verge of adopting a broader view of what constitutes central banking. The financial crisis has clearly brought the core functions of central banks closer: Monetary and liquidity policy, micro- and macro-prudential regulation and supervision, stability and reliability of payment and settlement systems. They all complement each other!”

No where is it mentioned that it was central bank policy on debt creation which pushed the world into a financial crisis.  The Basel 2 regulations allowed banks to loosed credit requirements to a level which all but assured a massive expansion of liquidity.  Now Basel 3 means to contract the credit creation as a parallel component to the debt restructuring through the International Monetary Fund.  Both policies are pushing the world to a multilateral financial system structured around the SDR – Special Drawing Right, as the supra-sovereign currency which will replace the US dollar as the primary reserve currency of the globe.

Within the structure of the Bank for International Settlements is the Basel Committee on Banking Supervision.  From the BIS publication titled “A Sound Capital Planning Process: Fundamental Elements, dated January, 2014, we are informed of the following:

“The Basel Committee on Banking Supervision provides a forum for regular cooperation on banking supervisory matters.  It seeks to promote and to strengthen supervisory and risk management practices globally. The Committee comprises representatives from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.  Observers on the Basel Committee are:  the European Banking Authority, the European Central Bank, the European Commission, the Financial Stability Institute and the International Monetary Fund.”

From this it can be clearly reasoned that all central banks of the most important countries are reading from the same script.  Some of the bullets from this script are:

1. Central banks will play a larger role in financial stability.

2. Ensure greater stability in the global payment system.

3. Encourage competition.

4. Strengthen regulations.

5. And increase awareness of the democratic deficit.

These points of course have to be read through the filter of the word masters and independent realizations of definition and intent arrived at by each.

The central banks have been the main contributors to the financial problems in the world today.  The method of money creation and debt expansion has been structured around manufactured wars.  In many cases, independent central banks and governments which hadn’t yet fallen victim to the international banking interests had war forced upon them with the intent of increasing money printing to fund the war.

So when we think of how the script directing our reactions to the governments, whether democratic or communist, both being products of the international banking interests, and to the level of reckless debt expansion, it is easy to see how the majority of the disorganized masses, and a good segment of the small elite, are unable to see the process of blame shifting and engineering of the new financial system.

The threefold approach is the threat of war, the threat of debt default, and the threat of the collapse of currencies and the banking industry itself.

As some eventual point, the central banks will separate themselves from their respective countries and allow each government to suffer the full effects of the financial mismanagement, just like they did with the monarchies in centuries past.

Perhaps the day will soon come when the Federal Reserve will refuse to purchase the Treasury Bonds.  The reason for the Fed doing this would be televised as a method of protecting and preserving the reliability and efficiency of the payment and settlement systems.

Remember, one of the talking points from the BIS script is to ensure greater stability in the global payment system.

We have covered the problem, reaction, solution dynamic on this site in many posts, but its worth repeating again here as it is the most vital component of the transition from a dollar based system to an SDR based system.

Though it sounds drab and lifeless, the SDR is in fact the emerging reserve currency which all other currencies and commodities will be pegged too.  If the US dollar has been the sun at the center of the galaxy, the largest and most dominate object which pulls all other objects, planets and moons, into orbit around it, than the SDR will become the sun in the new system and the dollar will be demoted to a simple planet.

Based on the structure of the Bank for International Settlements and the mandates as set forth for its member banks, we can draw some conclusions that stand in contradiction to current world events.  These contradictions are no more apparent than the crisis in Ukraine and Russia.

Protests and manufactured revolutions are the play book of the central banker, as first realized in the French Revolution.  The emotions of the people are real enough, but the playbook itself is well hidden in the lies and propaganda of the mainstream media.

Every reaction to the problems stemming from the crisis between Russia and the United States over Ukrainian domination leads to the desired solution of dollar isolation and threats of financial collapse.

America can not be seen as allowing its currency to collapse, so it will be brought to heel threw a series of strategic chess moves planned well in advance.  For those who still doubt that the dollar will be purposefully devalued to force an international response and shift towards a multilateral system, the following video is included here.  It features a senior Obama official stating that the plan is to kill the dollar.

With what is happening in Russia and Ukraine, it is the threat of war which is directing the actions.  These actions are encouraging a move away from the US dollar as detailed in trade and currency agreements between Russia and China, as well as Iran and others.  There is talk of a gold backed regional currency to replace the dollar as a payment and settlement system.  There will likely be many type of regional temporary payment systems as the transition to SDR’s is completed over the coming months and years.

And yet with all of that, the Russian oil company Rosneft is signing half a trillion dollar oil and gas deals with US oil giant ExxonMobile, as well as Eni, Saipem, and Statoil.  These agreements cover the development and marketing of oil and gas from the artic circle, as well as Canada’s oil sands, and other strategic developments and deposits.

While the masses are being presented with a scripted playbook of geopolitical tension and the growing threat of war and a new cold war, the business, banking, and industry interests which weave threw the global institutions are planning and building the economic machinations of the new multilateral system.

From the micro central banks of each country will rise the macro central bank to facilitate the payment and settlement system of the SDR.  The consolidation of democracy and communism, alongside the ideological driftwood of fascism and socialism, will ensure the fall of the fiscal state and the rise of the fiscally responsible central bank.

Like the economically destitute citizens of some long ago London, with orphan children roaming the dirty streets looking for food, the characters of Charles Dickens could hardly fathom the orchestrator of their suffering.  Neither will the people of the world realize the grand strategy which has been played against them.  Like in the early 1970′s, many will understand that something changed in the global economy, but the full comprehension required to gain a deeper appreciation of just what that change was, will elude the masses.  And the masses most likely prefer it that way.   – JC

ABOUT 48 – PALADIN SPEAKS OUT

Greetings, 

Thank you all very much for participating in FC # 188. It was very heartwarming to see so many new readers sharing what they plan on doing  to help their fellow man when the opportunity presents itself. I know a lot of people are working very hard to give you the chance to make good on your public statements of good will. 

To reward you all, I have brought over this article from Project Camelot and OWoN. Paladin is a White Hat. He has written the following article which explains a little more about the still unreleased WH Report #48. Remember, you are reading the words of someone who, along with this colleagues, has worked very hard to expose deep corruptions and horrible crimes committed against humanity by the most vile of our species. As stated in the article, these are not opinions or speculations, but well researched and documented facts.

Please stay tuned for more information as it becomes available. 

WHA

 ==================================================================

First of all, I’m going to try to do better with getting articles up here at Project Camelot. When Kerry offered the opportunity to write a column and express my views and information I was both flattered and inspired. Personal issues and a very nasty winter have conspired to dampen my enthusiasm in addition to my inherent nature of being very mindful of providing information before vetting it thoroughly. Yeah, I’m a nuts and bolts kind of guy. Blame it on my background and life experience of performing all kinds of investigations for over 30 years. In my field of endeavor, opinions are completely worthless and lack standing. It’s all about proof and documentation and the ability to not only present the information so that the readers can fully understand it but also arrive at their own conclusions based on solid evidence.

Before I get into the gist of this article, I want to clarify a couple of things regarding my interview with Kerry on bitcoins. For one, I failed to emphasize that bitcoin was just an example and not the focus of an alternative currency that creates a direct threat to the cabal’s central bankers and their control of our lives. My objective was to offer an understanding of how bitcoin or ANY virtual currency that competes with what the bloodlines use to keep us in perpetual slavery, is different from the debt based system we have now. The second issue I failed to clarify was that trying to compare bitcoin to the US dollar or any of the other so called currencies is like comparing a seedling to a full grown tree, a colt to a 3 year old thoroughbred or a baby to an adult. In the evolution of things, bitcoin or any of the other virtual currencies do not, at this point in time, represent a decent comparison with “currencies” that have been in circulation for tens if not hundreds of years. My bad and I hope it did not create more confusion than it was supposed to negate.

Any form of money that is a true medium of exchange and not issued based on debt for the simple use of it, will severely threaten the cabal. If you don’t understand that the currency we use now is not currency/medium of exchange but rather paper that we have to pay interest on for the mere use of it, then I failed in my attempt to make that clear

48

For those of you familiar with the White Hats Reports, you’re aware that we have suspended publishing reports, and more importantly, failed to release report #48 as promised. I have been asked about that on numerous occasions in the recent weeks and months and feel perhaps I should address it here.

Our objective with these reports was primarily to continue the exposure of the withholding of the World Global Settlements (WGS) funds, the Wanta Funds, the CMKX debacle and the various other financial frauds perpetrated by the cabal on well meaning individuals. The primary focus was to let the cabal know that we KNEW and also to connect some dots for others (law enforcement, world leaders, etc) in the optimistic sense that they would respond in some positive way. Informing the general public at large was secondary to the main objective.

History will dictate whether the reports have had or will have any effect on the cabal’s stranglehold on humanity. I sincerely hope they do but I may not live to see that day. Our intent was always to expose the fraudulent financial system as it is the foundation for the cabal’s control of our lives. We are/were not partisan in any way as we exposed both parties in the US political arena in addition to cabalists in other countries. Our agenda was simple… to put pressure on the cabal and others in the desire to see change occur for the good of the people and all humanity.

As our readership grew, we began to see a change in the way we were perceived. It appeared that some were under the impression that we were constantly stating opinions and not reporting facts. This was and still is, amusing to us, as the complete lack of knowledge and understanding of the “game” did not prevent many from voicing opinions based on… their opinion. As I stated previously, the objective of the reports was not to convince the public of their authenticity but to put pressure on the cabal.

From the beginning, we were getting feedback through various sources that our reports were hitting the mark in terms of getting the attention of both the cabal and world leaders all around the globe. The exposure was constant and steady and in most cases, in real time as some reports detailed events that had occurred a day or two prior. All the while we were walking a fine line between exposing the truth and exposing operatives who risked everything to get us the information. In so doing, we had to keep in mind the method of exposure had to protect the ongoing flow of future information by not revealing the sources and/or methods.

I suppose the birth of report 48 occurred on February 16, 2012 when Lord David James of Blackheath courageously stood up in the House of Lords and delivered his speech exposing the $15 trillion dollar fraud perpetrated by the Federal Reserve, the US secret government, the criminal banking system and the corrupt politicians who are paid to look the other way when we the people of the US are put further in debt to support the slave status we’re all part of.

We then issued two reports in the next week which detailed not only the origination of our group but also included a copy of one of the SWIFTS for authentication. (See White Hats report #36 and #37 athttp://tdarkcabal.blogspot.com/). The historic significance of this event, Lord James’ speech, cannot be underestimated. For the first time, the very essence of the cabal’s misdeeds, the financial system, was exposed for all to see. And what was the response?

Total silence.

Not one mainstream media outlet reported on the story. Not one investigation was started to look into the matter as Lord James implored his colleagues to do. And not one peep from the public for demanding an investigation and response to why $15 trillion of their money that happened to get transferred overseas to some obscure entity named Pureheart Investments, LTD.

Not one.

We had begun investigating Pureheart before Lord James’ historic speech in the House of Lords but once reports 36 and 37 were released, we were deluged with various individuals and entities reaching out to us in an effort to assist in the exposure of the real story behind Pureheart. Out of this, report #48 was born. The deeper we went down the trail, the more bizarre and mind blowing it became. For us, who’ve seen our share of bizarre and mind blowing, it was something deeper… more sinister, than we’ve ever experienced. Through this process, we were able to gather documents and information which related to Pureheart’s formation, history, alliances, key players and most important of all, their objectives. This set us on a path that took us out of the realm of the financial system and into the world of black projects, secret deals with foreign countries touted by the whore media to be our enemies, advanced technology and alien contacts.

Bits and pieces of this story had been exposed over the years. The Black Eagle Trust, the Five Star Trust, the Russell Trust, Operation “Hammer”, Yamashita’s Gold, and Confessions of an Economic Hitman are just a few of the dots that could now be connected to the secret/shadow government. As we investigated the origins, we were able to follow it through to the present day and Pureheart.

Pureheart is the conduit for pilfering money out of the financial system and taking it down that dark hole into the abyss, only to resurface in several different places, all for the advancement of the cabal’s control over humanity. Black projects, false flags, payoffs and bribes to politicians and public officials, blackmail, murder, assassination, satanic rituals, agreements with off-worlders and numerous and ongoing crimes against humanity. The denial of access to the secret technology that the masses pay for but the cabal utilizes in order to better control us and systematically take away our sovereign rights.

The origins of Pureheart trace back to GOT, SA (Global Oil Traders), two Saudi kings, Lucky Luciano and the five originators of the secret government (hence, the Five Star Trust) Bush, Sr., Edward Lansdale, William Colby, Roberto Ferrara aka Lorin Rosier and Richard Armitage. Ferrera faking his own death and recreated as Lorin Rossier, living in a safe house in Europe with an underground tunnel system that allows him to come and go without being surveilled. A corporate attorney (former) of Pureheart who reached out to us giving us information and claiming the cabal possessed technology advanced 10,000 years of what is in the public domain.

A compelling story, to say the least.

Pureheart is a GSE which stands for Government-Sponsored Enterprise. Other examples of a GSE are Fannie Mae, Freddie Mac and FICO. I guarantee if you look up the purpose and function of GSEs, it won’t tell you that they were created by Congress to steal trillions of dollars of US taxpayer’s money for crimes against humanity. And that’s EXACTLY what Pureheart does and has been doing for many years.

But I digress.

When we assembled all the data… the notes of meetings, the joint venture contracts with other countries, the various documents relating to solicitations, the notes of conversations and the vetting of most of it, we came to the conclusion that it would be a major expose’ of the cabal. And I don’t use the term major lightly. Its one thing to talk or write about it, it’s entirely another to provide proof in the form of documents numbering in the hundreds of pages.

The discussion of releasing 48 spanned several days and weeks with consideration given to every conceivable response and repercussion. Pros and cons weighed and debated… sometimes heatedly… before reaching the conclusion in favor of delaying the release. We were fully cognizant of putting many people in harm’s way, including ourselves. The vast number of documents we received and contacts from information sources after Lord James’ historic speech was truly overwhelming. The cons were first and foremost our own safety and the safety of others involved directly and indirectly. We could decide to jeopardize ourselves and our families but we couldn’t make that decision for other people. Due to the nature and extreme sensitivity of the documents, the list of leakers/whistleblowers who assisted with this effort would be a very short list, easily narrowed. Another factor on the con side of things was the issue of possibly jeopardizing other phases of actions being taken at the time and are ongoing. Another factor—I’m not sure whether it’s pro or con—has to do with the fact that world leaders, politicians, etc., already knew about most of the info contained in 48. So in that regard, no new information would be provided other than perhaps some details or deals that not all were aware of.

In my mind, the apathy of the general public was the critical con factor that made the decision not to publish 48 a no-brainer. It seems no one thought… or understood… that the $15 Trillion fraud exposed by Lord James in February of 2012 impacted every taxpaying Amerikan. Most don’t know the Federal Reserve is a private corporation of cabal bankers that make the rules for themselves in the banking world without limitations. Most don’t understand that Federal income taxes are, in fact, interest payments on the debt of the out of control government. Most don’t know the dollar bills in their pockets are not cash but debt with the cabal given the freewheeling authority to print dollars ad infinitum because the Amerikan citizens are the collateral on the debt. Most don’t realize the reason an illegal alien is allowed to hold the office of President is because the US is a corporation and they have no such restrictions (being a US citizen) on corporate officers. And most don’t realize that the political parties are two sides of the same coin and have long ago sold us out to their financial contributors and corporate benefactors.

And even the ones who know all of the above are not doing enough. Just knowing isn’t enough… action needs to be taken or nothing will change. Perhaps it hasn’t dawned on everyone that the cavalry isn’t coming, the ET’s aren’t going to intervene and save us and no religious idols/icons are going to wave their hands and all will be good again.

The deafening silence after Lord James’ speech was evidence that our reports, at least from the reading public’s standpoint, had become nothing more than episodes in an ongoing drama serial that were mere entertainment. Like a Robert Ludlum spy novel or a Jerry Bruckheimer action movie.

If your house is on fire and you’ve been informed it’s on fire and you do nothing about it, what’s the point of having a smoke detector?

Now… this is not to say that at some appropriate point in time in the future, 48 won’t be released. Every precaution has been taken to preserve both the integrity of the report and security of the documents. I have been informed that our reports have made an impact and changes are occurring for the better as a result. Personally, I see very little sign of that but I remain hopeful. I do know the cabal has been seriously challenged on their plans and agenda but I’m not convinced we’re going to be any better off trading one type of tyranny for another.

Apologies are extended to those of our readers who were not given an explanation after the ill advised and ill conceived publicity and build up surrounding the release of report 48. Hopefully this will put the issue to rest, at least for the time being. However, I’ll provide this link to a report one of our colleagues put out that gives an overview of what we discovered. There are hundreds of pages of documents that back up the information contained in this report.

http://www.oneworldofnations.com/2013/12/our-last-stand-report-3-stories-of-our.html

 The follow up information articulated by Kerry should also be read to connect all the dots.

http://projectcamelotportal.com/blog/31-kerrys-blog/1404-black-projects-follow-the-money

How Will You Pay It Forward?

Greetings, and Happy Easter!

It’s time for a little diversion from the usual.

I know that the waiting game it not easy. For some, like those in prosperity programs, which were offered in the 1990′s and through 2002, it has been over a decade of mystery, with little in the way of proper information that is rooted in official fanfare.

The currency issues, such as the dinar and dong, and whatever other 18 currencies are slated to revalue, takes center stage by virtue of the number of those involved. No further explanation is required from us as to the sheer width and breadth of the emotional ranges that all of you have experienced with this particular piece of the equation. From a penny to $32, and every number in between, we have been subjected to so many opinions and theories that even Buckminster Fuller would have been staggered to understand it.

Then, there are the CMKX shareholders. Within their ranks are some of the most scorned. You hear some of the most devilish, blood-curdling blasphemy from that quarter of the ranks. If a lynch mob is ever formed by the disgruntled, a CMKX shareholder is sure to be the one to fashion the noose. But, given what was done to them, when all they did was invest funds in what they thought was a properly regulated share offering, they certainly have cause to be angry. The affair was so broad and scandalous that CMKX is on the lists for WGS settlement.  Good for them, and I hope it happens soon.

We call this blog “White Hat Auxiliary” because we are convinced beyond all doubt that the White Hats are holding the point, and we are there to back them up on the “civilian” level. They are involved, and, they are properly positioned to carry the matter to conclusion. All categories above: Prosperity Programs, Currency Revaluations, CMKX, are riding on the release of the World Global Settlements. The White Hats and some 1800 people the world over are  working hard to bring this to a finality. But, it does not end there. Fact Check #115 was key to all of you being properly set up and able to make a difference and not fall into the trap of reverting back into whatever non optimum financial condition you sought to alleviate by participating in the aforementioned programs and speculations.  

A while back, one of our members suggested that we start a thread so that all of you could describe how you intend to pay it forward once this matter is set loose. Our White Hat contact agreed that such would be a good idea. So, now you have a thread to describe such! 

Now, please do not just write “I have projects”. Projects? That does not describe the matter in enough detail. Please be specific. 

An example would be: “I intend to fund a local college program to teach students how to increase the agricultural yield”. Then, describe why such is your passion, and why it is vital. 

Or, as another example: ” I am going to lobby to remove all laws that restrict doctors from using so-called “alternative treatments” on patients who elect to use such methods to treat their diseases. I want medical doctors to be free to apply such methods in the USA, as they do in other nations, but under supervision of peer review, and without resistance from big pharma because of concern for loss of profit.” 

And another example: “I am going to donate my newly acquired free time to volunteer as….”a teacher”….”a lawyer defending poor persons”…….”a pilot delivering food to disaster areas”……”a contractor  teaching less advantaged how to build homes, and fund their first effort.” Etc. 

The choices are endless, and I could not possibly cover them all. 

Let’s show the White Hats, and their many colleagues, working on our behalf, that we intend to make good use of this second chance to have the fruits of our nation returned to OUR control. Just how will we demonstrate the stewardship that will be bestowed on our shoulders? How will we nurture and protect our country and communities, and likewise set a good example? 

So, let’s hear it! How will YOU pay it forward?

Our continuing thanks goes out to the White Hats and their colleagues and staff the world over.

Thank you for your continued support. Please stay tuned for further updates.

WHA

For all those who suspect that the BRICS Bank will supersede or work parallel with the IMF, there is some important information in this interview with James Rickards.  As Mr. Rickards states, the IMF is the only one with a clean balance sheet.  It’s my contention that the BRICS Bank itself will in fact issue SDR bonds, as will the World Bank and all central banks. – JC

Chris Martenson:  As you look forward the next three years what do you see coming? Are you predicting or seeing that this game changes to a new phase, The Death of Money? Is that coming in the next three year window? Or do you use this playing out over a longer timeframe?

Jim Rickards:  No, I think three years is about right. I mean, it’s not necessarily going to be tomorrow. It could be tomorrow, by the way, the system is unstable enough. But it doesn’t mean we are going to get that catalyst tomorrow. But this is not a ten year forecast. I mean, I do not think we are going to make it ten years. I think three to five years is about the right timeframe, maybe shorter.

But the reason for that, again, it is scientifically based in terms of the scale of the system. And by the way, go back and look at these crises. They come particularly fast. Memories are very short. I think we are all fighting with what I call the 2-second attention span.

On October 19, 1987 the stock market lost 22% of its value in one day. Today, that would be a 3,200 point drop in one day. In 1994 we had the Mexican Peso crisis. In 1998, the Long Term Capital Management crisis. And I was involved in that, by the way. I was the general council of Long Term Capital Management. I negotiated that bailout and I know how close the world came to complete economic collapse. In other words, every stock and bond market in the world would have been closed on September 29, 1998 if we had not finished that bailout the day before. That is how close we came. Just because it did not happen, people kind of forgot about it and think it was a small event. But trust me, I was there. That was a very near catastrophe. In 2000 we had the dot-com collapse, NASDAQ dropped eighty percent. 2007 the housing market collapsed. 2008 the Lehman Brothers panic.

So these things keep happening; but here is the problem, Chris: the Fed has printed almost four trillion dollars to put out the fire from 2008. What is going to happen if we have a liquidity crisis next month or next year? They are at the limit of their balance sheet. They are already insolvent on a mark-to-market basis. And again, that is not guesswork. I actually was told that by a member of the Federal Open Market Committee. They are leveraged 80-to-1. They cannot do more. They cannot print another four or eight trillion. They are at the limit of confidence. They are not at the legal limit, by the way. Legally they can do it but they are at the limit of what people will really trust, or before the Congress would intervene.

So the next crisis is going to be bigger than the Fed. It is like they build a five foot sea wall and here comes a forty foot tsunami. There is only one clean balance sheet left in the world and that is the IMF. So the only way you are only going to reliquify the world in the next liquidity crisis is by the IMF printing their world money, these Special Drawing Rights or SDRs, and that is going to be the end of the dollar as a global reserve currency. Because if the IMF is going to print SDRs to reliquify the world they are going to need permission from China and Russia and other members of the IMF. The US has a big voice at the IMF but we do not control it. And so that really is going to be the end of the dollar right there. We may still have dollars — in fact we will — but it will be a local currency like the Mexican peso or Turkish lira. It will just be walking around money. But it will not be used for the important things in the international monetary system. This you can actually see coming. You can see these developments coming.

Chris Martenson:  It has always been my perception that the IMF is a little bit of a US-centric organization, if not a lot. You think China would really go along with that?

Jim Rickards: I think China would favor it because the alternative is perpetuation of dollar hegemony. It would almost be to say that, no matter what the United States does, no matter how much we print, what deficits we run, what trade deficits we run, no matter how reckless we are, we can always print our way out of it. And there is a limit to that. So China would actually like to see SDRs. There is a lot of talk about; China making their currency a global reserve currency, being one. That is not even close. They are very, very far away from that. They do not want that because they would have to open their capital account. They would lose control. But they would not mind seeing the SDR as a global reserve currency. They just do not want the dollar. But they are stuck with dollars for the time being but the next panic when the IMF has to use SDRs to reliquefy the world; I think China is going to have a big voice in that. You can say it is US-centric but the problem with the US is that the Treasury and the White House want a weak dollar.

I mean, what good does it do you when your own country wants to trash the currency? What happened to the strong dollar policy? It’s over now and we’re in the currency wars. That is going to lead to a collapse and ultimately we are going to see either gold or the SDRs the new store of value on a worldwide basis.

Original James Rickards video interview from April 9th:

http://philosophyofmetrics.com/2014/04/09/must-watch-interview-with-james-rickards/

Hello, 

Here is an update from the top, via OWoN. 

As you can see, it bears little resemblance to the typical “intel” you see on the vast majority of blogs and forums that write on this subject matter.

Let’s hope we can see a breakthrough very soon. Good people are working very hard to bring the matter off. Please continue to be patient and prepare. 

Thank you for your continued support. 

WHA

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Markets are awash with false settlement rumors. All are complete rubbish and toxic to credibility.

1) There is, as yet, No Breakthrough. Nor any in sight!

2) Available funds which could create Jobs and Infrastructure Projects, continue to be used instead to prop up generations of reckless Fed and Treasury malfeasance, as well as the Bush Crime Family activities. This vile Crime family is the Turd in Americas breakfast cereal bowl.

3) Even IF and when there is any resolution for the Dongs/Dinars etc, it will need to be done in controlled phases taking many weeks, with the Public unlikely to see any access until at least phase 3.

4) There will be more than enough time to pre advise all parties once there is a genuine breakthrough. Distracting Guru garbage and Bloggers speculation still continues with wild Ambulance Chasers and false connections. We read, we see – Garbage! If it is not on the 2 sites, it is NOT happening. How much clearer can we be?

5) Please keep the Poofs and Puffs and fantasists off the sites. These are for credible issues and hard facts will be released, with procedures and rates when possible. It will ONLY be on the 2 sites, No Other. We will NOT communicate with or assist trading sites who grossly overcharge for currencies and who defraud or steal from destitute people who deserve better. Check your rates before buying. Scalpers are at work.

6) Easter is coming up, then the Holiday Silly Season where nothing gets done until October. This mess could still run into the year end. This is not an easy free lunch. The Dinar market still remains highly suspect and dangerous. Huge, false overprinting is a savage reality and a Shark Pit. Again, if it breaks you need to be in and out fast. Chaos will follow.

Contributed by Hugh

Saddle up boys, it’s going to be a rough ride as “we are living in the age of consequences”…

Top economists Joe Stiglitz, Simon Johnson, Michael Hudson, Herman Daly – and savvy folks such as Colonel Lawrence Wilkerson, John Perkins, Jillian Tent and Max Keiser – provide one of the hardest-hitting pictures you’ll see anywhere in the documentary “Four Horseman”:

Reform Delays and BRICS Bank

By JC Collins

Greetings!

We are moving on from FC #115. But, PLEASE! Keep it close to your vest. 

We have been sent the following from the top.  I thought long and hard about how I was going to present this to all of you. Either as a post in the thread, or as a Fact Check.  Well, you have your answer. 

First,  I want to thank you for being a great group of people. For the most part, all of you have been supportive and engaged in the discussions and showing a great interest in what is to come, and most importantly, what to do after these monumental events take place.

We owe a great deal to the White Hats and their colleagues at OWoN for letting us be on their distribution list for any information they can share with us.  Such associations set us apart from 99% of the speculative chatter that so many people are intent on following. 

This blog was started to assist in cutting through the tremendous levels of false and misleading “intel” that was presented to us every day, in various ways, by various blogs and hosts. We earned our place by reaching out to those who were unquestionably involved in the process.  We had no other choice. It was the only way to know just what the truth was.

To make sure we do not  jeopardize our hard won position, we must refrain from bringing over links of guru sites, or pasting articles from such places on this blog. We do not need to spend time reviewing such things since we have the connections we need to stay properly informed. 

If you wish to review such sites, you are free to do so, but we do not need to post these things on WHA. You may discuss how you feel about such sites, and other such topics, but let’s leave the links themselves off the blog. All other rules stay as is.  

The following will explain why we need to maintain the integrity of our site. It also contains other important reminders and information that you need to keep in mind.

Thank you all for your continuing readership. And, our continuing thanks and appreciation goes out to the White Hats, their colleagues, staff and supporters.

Please stay tuned for more information as we receive it.

WHA

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1. We welcome the key task you do with calm proficiency handling the key currency and PP issues. Equally, keeping the site clean of the worst kind of undesirables. That IS important to all of you as the site IS watched daily to ensure probity and no miss-selling or Guru offers.

2. We note that parties STILL ambulance chase false dawn circulars from Guru sites. We do consciously try to aid and support YOU and your site because there is total awareness of the needs of the people. But they in turn need to wake up to the sensitive realities of the complex diplomacy in play at so many levels.

3. This IS the largest global re-financing in history. It is complex, aggressive and requires intense focus by the most intellectually sophisticated parties in the world co-engaged. Noise on the system from Guru Grunts does not aid resolution, but distracts. We advised your site at the beginning of the week that this week would not be possible with evolving issues. This is a giant jigsaw puzzle with pieces missing. Still to be formatted now.

4. The PPs, GS, RVs AND Currencies ALL reverse in as modules via London. There are interlocking Trusts, Platforms, and Banking all co-dependent here. There is no possible source of funding which will bypass the London support operation with its own links to DC. So ANY source of information circulating not via these key sources will be false and misleading. It is reading this convoluted Guru garbage which annoys Bankers hearing so many false dawns.

5. The entire Matrix and Network comes via the sources you have access to.

6. The two sites have been advised that once it is ready, we will pre-advise you each in adequate time, with care and planning for the sites. We are thinking out the time zones to help all of you for the public launch side. Your site must trust the protocols of what is playing out here. Beijing and HK talks with London at c04-00 hrs London time each day. London talks with Taipei each day while the US is still in bed. London talks with all key US Parties from 07-00 hrs EST. An entire day has played out before Reno even comes on line.

7. There are deep and focused Patriotic relationships between the core London parties and the White Hats, etc. These ARE the same parties exposing and fighting the global web of corruption, sparing none. These are the very relationships forged over decades fighting the Cabal, banking and media corruption; the parties fighting for humanity itself and the needs of our species.

8. Please cease publishing these vacuous [guru] projections as it’s both the worst kind of ambulance chasing and deters from the bond of trust with the sites. If it’s not on the site, it’s not happening. They need to trust the sites or vacate to Disneyland. Keep the calm and correct integrity of the information flow that you have. It helps no one if the WHA descends to a Guru Grunts Blog. WHA needs to be kept safe as is.

YOU WILL HAVE TIME – TRUST THAT PLEASE.

End Game Strategies and Infrastructure Investment

By JC Collins

The realization is finally beginning to dawn on many that the dollar may not have much time left as the world’s primary reserve currency.  The G20 deadline for the US to pass the IMF 2010 Reforms is quickly approaching as both NATO and Russia exchange equal threats over the Ukraine.

The Ukrainian Defense Ministry is warning that Russia could invade the eastern region of the country at any time.  Pro-Russian protestors are taking control of government buildings and the world watches as one major component of the problem/reaction/solution process unfolds before our eyes.

When it comes to the IMF Governance and Quota Reforms, the United States is the odd man out.  With even Britain now calling on America to pass the reforms, the world can only shrug at the wanton and contrived, and most likely scripted, reluctance of Congress to pass supporting legislation to the reforms.

The average American, for his or her part, is completely ignorant of what is taking place.  If they do happen to hear about the approaching economic shift, it is through the fear mongering of doomsday dollar deadheads.  The world will not end when the dollar is devalued.  It will not be the end of civilization as we know it.  The sun will come up the day after and the world of commerce will go on.

The scales have tipped to the point where it is no longer the rest of the world that needs America, but it is America who now needs the rest of the world.  Contrary to what the nightly television news stations tell you about American pre-eminence and influence, the game has changed and those doubters who still hang on to dollar dominance are in for a rude awakening on the scale of the fall of the Berlin Wall and the collapse of the Soviet Union.

And this time we do see it coming.

With Russia all but putting an iron bottomed boot on the face of the American dollar, a payment system of dollar and SWIFT avoidance is in place and beginning to be announced to the world.  This, in retaliation, or should we say offered as the solution, to the US refusal to pass the reforms and its involvement in the Ukrainian situation and the weak symbolic sanctions it has put on Russia.

As we know, the G20 group as a whole had warned the US back in February that refusal to implement the IMF Reforms by April 10th and 11th would lead to aggressive measures for the purpose of bypassing the dollar and making the necessary changes to the IMF Executive Board without US involvement.

What we are seeing with the payment system as agreed by Russia and Iran is one of the aggressive measures which were referenced.

Another is the Chinese renminbi trading hubs which are now popping up all over the world.  Last week it was in London and Frankfurt.  Next it will be Toronto, Canada, and other strategically located regions.

As Russia has just changed the logo of their central bank to one of a golden ruble, we can only assume that a gold backed ruble and gold backed yuan are rising faster than an eastern sun.

Everything in this manipulated system is connected and done for a specific purpose.  This includes suppressing the price of precious metals and other commodities.

The mass printing of debt by central banks around the world is in essence a zero sum game as that debt will just be consolidated within the larger SDR bond allocation system.

China continues to purchase US debt at the same time the western banks all but hand delivery their gold reserves to the Shanghai Commodities Exchange.

While this is happening China is heavily investing in real estate and industry all over the world, but nowhere more prominent than in America itself.

Rows and regions of commercial real estate and now dormant factories have been, and continue to be, gobbled up by China with US dollars.

Once the US dollar is devalued and its international debt consolidated within the SDR system, the remaining valuation of the continental dollar, so to speak, will lead to the re-industrialization of America as the export business explodes.

And China is heavily invested in American industry and banking.

What we are going to witness in the coming months and perhaps years is the chaos of a sovereign debt crisis and currency/commodity crisis as all things de-peg from the dollar and float upon the international sea of commerce.

The currency swap agreements with China, the Russian ruble and oil deals, and gold backed trade and payment systems, will only lead the world to seek and accept the solution of a supra-sovereign reserve currency as offered in the SDR composition and allocation system.

What we had originally discussed back in January in the early installments of the SDR’s and the New Bretton Woods series has been happening as expected.  Part Three of that series, subtitled The Real Global Currency Reset, does a fine job of defining the order out of chaos and sovereign debt crisis paradigms which are being further realized with each passing day.

Separate, conflicting,  and random trade payment system will not be allowed to flourish long before the new G33 implements the centralized and multilateral SDR bond payment system.

Some of the action regions and vital steps that will have to be taken involve what to do when the US military and overall American influence begins to recede further.  As an example, what will happen between the Koreas?  Watch for a problem/reaction/solution process leading to the unification of the Koreas or annexation of North Korea by China.

The Obama administration has laid out an infrastructure re-investment plan for the 21st Century.  See information at:

http://www.whitehouse.gov/the-press-office/2014/02/26/fact-sheet-president-obama-lays-out-vision-21st-century-transportation-I

The people of the United States need not fear a devaluation of the dollar or its removal as the worlds primary reserve currency.  Nor do we need to fear a so-called World War Three scenario.  All the central banks and their associated countries, as well as industrial cross-border investments, and sociological centralization, has not occurred only to throw it all away on needless war.

Needless because the agreements are already in place for the multilateral financial system.  We just need to watch it play out.

America will roar back to life with a re-industrialization program that will see exports explode as the exchange rate of the dollar will be in line with the rest of world.  – JC Collins