First, what is an SDR? It means "Special Drawing Rights." From the IMF.org website: "The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to around SDR 204 billion (equivalent to about $309 billion, converted using the rate of September 10, 2013). http://www.imf.org/external/np/exr/facts/sdr.htm
http://philosophyofmetrics.com/2014/01/21/sdrs-and-the-new-bretton-woods-part-one/
BRICS Inject Capital into I.M.F. Basket of Currencies
http://philosophyofmetrics.com/2014/01/23/sdrs-and-the-new-bretton-woods-part-2/
The Renminbi SDR Composition and the Great Consolidation
http://philosophyofmetrics.com/2014/02/04/sdrs-and-the-new-bretton-woods-part-three/
The Real Global Currency Reset
http://philosophyofmetrics.com/2014/02/06/sdrs-and-the-new-bretton-woods-part-four/#more-152
Archaic America and Oil Wars
It seems the plan is progressing. Odd timing to start tapering, a massive undertaking, during a transition (from Ben to Janet). It seems the green light was given to pull the plug albeit in slow motion. Emerging markets are crumbling, in no uncertain part, because of the tapering. They knew it would happen. But apparently, they didn't want it to happen on Ben's watch.
Things are being reshaped so that the USD goes down and other countries come up. It is an earthquake. A financial earthquake that is leveling mountains in some parts of the world, and building mountains in another part. The key word is leveling. We will all be equal, meaning the US is coming down.
In our bankster slavemasters mind, we will all be third world countries, begging hand-outs from the Almighty Money Masters. The production of the US will be sucked dry by needier countries. It is well known that when there is no motivation to do better (because what does it matter?), then ingenuity and creativeness dry up. And so will humanity.
You can liken IMF (and other organizations of its ilk) to HAARP. This economic collapse is a man-made event.
Here is Part 3, with pertinent passages highlighted:
The Real Global Currency Reset
By JC Collins
Have no doubt about it, the so called Global Currency Reset is already happening, and it’s happening by the International Monetary Fund restructuring the world’s wealth through the emerging markets. Sovereign debt is at a 200 year high. Fiat currencies are on the verge of collapse. Stock markets are hovering over nothing but the illusionary ether from which they climbed. And if you listen carefully you’ll notice that all countries are speaking from the same script.
So how did we get here?
Though this is a multi-part series, all the other essays on philosophyofmetrics.com have something to do with the process which has come to be called the Global Currency Reset or the Great Consolidation. Such a complex process is not easily understood or easily explained.
Revolutions are ideal methods to exact transformation upon a civilization. The banking powers which still control the world today gained that control through revolutions such as the French Revolution, the Bolshevik Revolution, etc. They are working within the same methodology today.
We are seeing mass protests against governments for the sovereign debt problem which is threatening the world with total collapse. What is little understood by the majority of the people is that the sovereign debt problems are being caused and facilitated by the very same banks that will stand to gain from any global currency reset. The reset will be the solution offered in response to the reaction of the people, being the protests and revolutions, which stems from the problem of sovereign debt and currency collapse.
Can we not see through the smoke and mirrors too observe the obviousness of the Hegelian Dialectic at play? The banks take control of most of the countries of the world through revolution, war, famine, economic sanctions, and then set up central banks in these countries. The central bank of each country quickly gets to work on lending the government of their respective countries the debt money it needs to function and maintain the carefully engineered economic equilibrium of the population.
Eventually sovereign debt becomes too large and the whole system is threatened with collapse.
Once again, how did we come to be here?
What we are witnessing is a carefully worded script to effect the problem, reaction, solution of the Hegelian Dialectic. This script is being written by the Bank for International Settlements. The B.I.S. decides and disseminates all central banking policies and regulations for the central banks of each country in the world.
Today’s “problem” began, for the most part, with the 1988 Basel Accord. This accord was engineered by the B.I.S. through its main location in Basel, Switzerland. The Basel One regulation set minimum capital requirements for the central banks of the world. This policy was trickled down to the chartered banks within each country. On the surface Basel One appeared harmless.
It wasn’t until the Basel Two regulations came out many years later that the first red flag should have been noticed. This regulation, along with the minimum requirements of Basel One, allowed the banks to increase their risk by way of leverage and investments. It can be argued that Basel Two regulations were directly responsible for the subprime mortgage crisis of 2008. Therein the “problem” is given full birth.
From then on the “problem” develops into corporate bail-outs and eventually onto the sovereign debt crisis we are facing today.
The solution is found in the Basel Three regulations. In brief, these regulations force banks to increase liquidity and lays out the structure for currencies to become asset supported. It is in this regulation that the Bank for International Settlements puts forth the final stage to the great consolidation, of which the global currency reset is but one part.
It’s interesting that many on the internet are saying that the banking powers of the world are about to be overthrown because of the Basel Three regulations and the economic reset which will come as a product of its full implementation by 2018. Isn’t it recognized that the Basel Three regulations are a product of those same banking powers? They’re certainly not overthrowing themselves.
What is happening is the tightening down of the bolts, the closing of loopholes, and the streamlining of processes. When it’s all said and done, the Bank for International Settlements will have more control than they do today. Period.
With that being said, there is evidence of negotiations taking place behinds the scenes. Let’s not rely on rumor and internet conjecture for this evidence. Let’s go directly to the International Monetary Fund itself.
In the I.M.F. press release dated January 23rd, 2014, it states the following:
“The Executive Board reiterates the importance and urgency of the 2010 Reforms for strengthening the Fund’s effectiveness and legitimacy. This includes ensuring that, as a quota-based institution, the Fund has sufficient permanent resources to meet members’ needs and that its governance structure evolves in line with members’ changing positions in the world economy.”
What they are saying here is that the implementation of the new Executive Board, which includes China and other BRICS countries (See SDR’s and the New Bretton Woods – Part One) needs to happen as soon as possible. These new members will make much needed capital injections into the quota fund to meet overall member needs. Here we need to consider the sovereign debt of all the countries of the world and the consolidation of this debt through the I.M.F. as it was designed to be. It also makes clear that the governance structure of the Executive Board will reflect the “members changing positions in the world economy”.
Let’s continue with the press release.
“The Executive Board proposes that the deadline for the completion of the Fifteenth Review be moved from January 2014 to January 2015. Furthermore, the Executive Board recognizes that the immediate priority is the effectiveness of the Fourteenth Review and Board Reform Amendment. Accordingly, the Executive Board proposes that the Board of Governors adopt a Resolution expressing its deep regret that the Fourteenth Review and the Board Reform Amendment have not become effective and urge the remaining members who have not yet accepted the Fourteenth Review quota increases and the Board Reform Amendment to do so without further delay”.
So in the first sentence the I.M.F. is clearly suggesting that the deadline for the economic reset be pushed out to January, 2015. On top of that, it’s calling for a “resolution” expressing their disappointment that some members have yet to accept the new quota regulations and are pushing those members to implement the changes “without further delay”.
Don’t let the “quota increases” term fool you. What they are talking about here is surrender of the economic sovereignty of member countries. In this simple term will be found the passage of ownership over the Federal Reserve System to foreign powers. And remember, as we learned in Part One of this series, Jack Lew of the Treasury is pushing Congress to pass legislation which will support what the I.M.F. is requesting.
As we move through the year and get closer and closer to the Great Consolidation it will be important to remain focused on what is really happening. The Great Consolidation will be the relinquishing of sovereignty and the Global Currency Reset will be one of the major steps towards this end.
We will hear more of the sovereign debt issue. We will witness the turmoil of the currency exchange markets. Revolutions will take place on the television right before our eyes. The people of the world will be told daily that the collapse of the whole system is imminent. At some point, the negotiations hinted at above will be concluded. The currencies of the world will be revalued and the debts of the world consolidated.
Make no mistake about it, the Global Currency Reset and the Great Consolidation will mean the end of sovereignty, including the sovereignty of the United States.
And at the same time, all the countries of the world continue to develop police state procedures along with the implementation of technologies to ensure successful management of the “reaction” stage of the Hegelian Dialectic Triad.
This is the real Global Currency Reset. Order out of chaos.
There were other matters which I wanted to cover in part three of this series. But I felt it was important to set a few things straight about the reset first. In the next installment we will get back on track and delve once again into the structure of SDR compositions. We will take a closer look at specific regions, including Canada and the Keystone XL Pipeline, agreements between Iraq and Iran on oil strategies (hint: so called “dinarians” are not going to be happy), and how all sovereign debts, including historical bonds, will be included in the Great Consolidation. – JC Collins
End Note: There is so much involved in the creation of this “New Bretton Woods” that I will not limit the amount of expected installments in this series. I will keep writing and providing info until such a time as the system is in place or all processes and structures have been clearly defined, whichever comes first.
Comments
Part 4 added: http://philosophyofmetrics.com/2014/02/06/sdrs-and-the-new-bretton-...
It just may be and I have a feeling it is.
Could all this new age chatter about the GCR be a cover deliberately set by the ptb?
The global reset has bothered me from day one but was not sure exactly why, now it is becoming clearer.