| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Breaking: New World Reserve Currency Backed By Gold Revealed
By: Voice of Reason
FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
In the video below, Alex Jones explains what many of us have been screaming about for a few years now… that the U.S. Dollar is losing it’s reign as the World Reserve Currency. For decades, many foreign governments, particularly our allies, gave the United States all THEIR gold for safe keeping, because we were the mightiest and most secure country on earth. Now, the whole world (except Obama and Biden) knows that we are much worse off than Greece as the planet’s largest debtor, and now they want their gold back. So does Texas. Remember just a week or two ago when Governor Abbott had to call in the State Guard AGAIN to ward off Obama’s storm troopers, simply because Texas asked for THEIR gold back? Good luck getting the gold back. That gold is LONG gone.
WORLD WAR III ANYONE? THE U.S. STANDS ALONE?
Join my Twitter feed | Like my Facebook page
I wrote the following in, Deathblow to the Dollar – Even Our “Allies” Abandoning U.S.:
This generation of Americans has no concept of what losing that status will mean to our way of life. That’s because they’ve never known life here in the U.S. as anything other than the Reserve Currency. Being the Reserve Currency has been an ongoing scam on the rest of the world, and the rest of the world has finally caught on. Other countries pay their workers crap wages to make OUR products, and then LEND us the money to buy the products THEY produce. It was only a matter of time before all these other countries figured out they didn’t need to keep funding OUR extravagance at THEIR expense.
OBAMA SPITTING IN THE FACES OF OUR ALLIES HAS NOT HELPED AMERICA!
Being the world Reserve Currency has given America special privileges and ENORMOUS power. Our status has allowed us to borrow money at rates a fraction of our “ALLIES.” With everything being denominated in U.S. Dollars, it gave the United States control in everyone else’s financial affairs. It appears everyone else got tired of it. Furthermore, whenever trouble has struck, America has just started up the printing press. Since taking office, Obama has printed approximately $85 BILLION PER MONTH OUT OF THIN AIR. By joining China’s new bank discussed below, our “ALLIES,” and the rest of the world, have sent a CLEAR message to America:
YOU ARE BROKE, AND YOU ARE OBSOLETE!
As the author below states, “The blows to America’s economic might are descending rapidly and forcibly. Brace yourself: A new economic age is about to begin.” The infrastructure is being built for a world without the United States. China’s new long-awaited international payment system could go live as early as September or October. The new payment system will allow nations and companies to conduct transactions outside America’s control. Furthermore, America’s financial house will be in such disarray, some have said WITHIN ONE YEAR OF THE ECONOMIC CRASH, 9 OUT OF 10 AMERICANS WILL BE DEAD.
A NEW DAY IN AMERICA IS ALMOST HERE…
BRACE YOURSELVES…
AS PETER SCHIFF EXPLAINS, THE WORLD HAS BEEN PLANNING FOR THIS…
Back on April 25th, Zero Hedge reported:
Last Monday there was a meeting in Washington hosted by the Official Monetary and Financial Institutions Forum (OMFIF) to discuss the future relationship, if any, of gold with the Special Drawing Rights (SDR).
Also on the agenda was the inclusion of the Chinese renminbi, which seems certain to be included in the SDR basket in this year’s revision, assuming that the United States doesn’t try to block it.
This is not the first time the subject has come up. OMFIF’s chairman, Lord Desai wrote a paper about it after the last Washington meeting on gold and the SDR exactly four years ago. The inclusion of the renminbi in the SDR was rejected in 2010 because of inadequate liquidity and is due to be reconsidered this year.
Desai pointed out in his paper that there are difficulties when it comes to including gold, because (and I think this is what he was trying to say) none of the SDR’s paper constituents are convertible into gold, but gold’s inclusion in the SDR would make them convertible through the back door. However, Desai seemed keen to re-examine the case for gold.
It should be pointed out that if gold is included in SDRs the arrangement cannot be long-lasting so long as the major central banks insist on printing money as an economic cure-all. However, China’s position with respect to gold and her own currency could be a different matter.
The Chinese government has almost certainly accumulated large amounts of gold yet to be included in her reserves, and she has also encouraged her own citizens to own gold as well. We can therefore be certain that China sees a monetary role for gold while at the same time she is pushing for the renminbi to be included in the SDR basket. There is no doubt, if you read the IMF papers from the last SDR review in 2010 that the renminbi does now fulfill the criteria for inclusion today. So the question then is will the advanced nations, which dominate the IMF’s membership, permit the renminbi’s inclusion, and will the US, which has dragged its heels on giving China and the other BRICS nations a greater shareholding in the IMF, relent and permit these reforms, which were accepted by the other members back in 2010?
The Americans’ blocking of reform signals her desire to preserve the dollar’s hegemony; but given she lost out spectacularly over the creation of the Asian Infrastructure Investment Bank, IMF reform could become the next serious threat to the dollar’s dominance. And if America does not back down over the IMF and the SDR, she will have no fall-back position; China on the other hand still has some aces up her sleeve.
Join my Twitter feed | Like my Facebook page
One of them is gold, and another is her role in a rival organization established by the BRICS. The New Development Bank (NDB) is in the final stages of being set up, driven by frustration at America’s attempts to protect the dollar’s role and to keep the IMF as an exclusive club for advanced nations. Instead, the NDB could easily issue its own version of the SDR with the gold lining Desai referred to in his original paper
The reason this would work is very simple. The BRICS members, unencumbered by the cost burden of modern welfare states could exercise the monetary restraint required to tie their currencies to gold, perhaps running a Bretton-Woods-style gold-exchange arrangement between member central banks to stabilize their currencies.
However, the NDB would almost certainly want to see the gold price considerably higher if it is to play any part in a new rival to the SDR. Other BRICS members would be encouraged to make sure they have sufficient gold on board by selling US dollar reserves to buy gold, ahead of any decision to go ahead with a new super-currency.
It would appear the era of the dollar’s global domination as a reserve currency is coming to an end,and the stage is now being set for gold to be officially accepted as the ultimate reserve money once again, this time by the next generation of advanced nations.
Zero Hedge Reports: As many are increasingly coming to terms with the ‘obvious failure of fiat currency’, the inevitable question arises “what next?” Earlier this year, we discussed the possibility of a Chinese- or Russian-currency backed by gold, amid the increasing calls (domestically and abroad) for an end to USD Reserve hegemony; but this weekend, as Bloomberg reports, Lord Meghnad Desai, chairman of The Official Monetary and Financial Institutions Forum, stated that IMF Special Drawing Rights (SDR) should contain some gold to help stabilize the currency.
As Bloomberg reports,
“A bit of gold” could help stabilize SDRs, Lord Meghnad Desai, chairman of Official Monetary and Financial Institutions Forum, says at precious metals conference in Dubai.
“We could ask that gold be nominated as part of the SDR. That is one thing I think is quite likely to happen”
This will be easier if China increases its official gold holdings.
* * *
This is not the first time such a suggestion has been made…(as JC Collins of PhilosophyOfMetrics.com detailed)
The Coming SDR Gold Standard
Sometimes what at first appears to be conflicting information is anything but, and what was originally considered to be opposing forces or ideals can quickly become unified for the greater good.
There has been much discussion and division over whether the world was moving towards a multilateral super-sovereign reserve currency by way of the Special Drawing Right of the International Monetary Fund or towards a new gold standard by which all currencies would be valued once again on gold.
Positions have taken up defense on both sides and all waited to see which side was going to be right. Were the BRICS countries going to overthrow the western banking cabal? Was the US dollar going to inflate into oblivion? Was the SDR going to become the new reserve currency? Was a new gold standard going to be implemented instead?
So many questions with no clear outline or determinations on what exactly was going to happen.
I have contested all along that the SDR was going to become the super-sovereign reserve currency of the emerging multilateral financial system. The supporters of a new gold standard have found this idea unworkable because gold is considered to be the only method of creating stability within the larger architecture of the global financial system.
But what if everyone is right? Or more correctly, what if all the obvious points and leverage of each potential system can be utilized to create the larger macro stability from which the multilateral will inevitably emerge?
In the post Renminbi is Already a De Facto Reserve Currency, I discussed how the Chinese currency was being internationalized and would be added to the SDR basket valuation.
This basket is currently made up of four currencies, being the US dollar, the Japanese yen, the Euro, and the British pound. Adding the renminbi to the basket is both important and necessary for any changes to the global financial architecture.
But this theory has never accounted for the importance obviously placed on gold and the manipulation and mass movement of the precious metal which has taken place over the last few years.
No doubt the gold moving east has a lot to due with balancing old sovereign bond debts and building up reserves to support the renminbi denominated contracts which have just begun at the Shanghai Gold Exchange.
But this doesn’t fully explain the demand by other countries for gold, such as Russia and India, or even Germany demanding its gold back from the United States.
But nether does a gold standard fit the facts as all participating countries and economies have stated in official publications and speeches that a new gold standard is unworkable and the SDR provided the best opportunity moving forward to balance the financial structure of the world.
In posts such as:
Everything Will Be SDR Compliant
The Days of July – BRICS Still Seek SDR Solution
The Arcane SDR Supra-Sovereign Asset
I have attempted to explain and describe how the BRICS countries are aligned with the larger macro mandates of the SDR multilateral system and do not plan on overthrowing the western banks. It is in fact a situation where the western and eastern banks are all controlled by the Bank for International Settlements.
It is interesting that over the last few days even certain conspiracy theorists which have been promoting the overthrow of the western banking cabal are now stating that the BIS and its central bank system will remain
In most of my more esoteric posts I explain how the human mind seeks out division and from that division is born conflict. Once symbols of division have been established it is almost impossible to shift the thinking of each position to see or observe a larger or more unified macro picture.
But once that realization is made the conscious thought pattern of all things takes a leap forward and what was once hidden in plan site becomes clearly visible and clarity resumes.
As we move closer to the end of this year and the ultimate point of transition to the multilateral, it is important to continue studying and observing the patterns which are taking place on the micro level. These proxy resource wars and attempts to consolidate resources under regional currencies before the larger macro consolidation takes place will likely taper off as agreements are made and positions relinquished.
The US Congress will pass the required legislation to enact the 2010 IMF Code of Reforms which will allow for the necessary changes to the Executive Board of the IMF to take place. This will also allow for the SDR basket to be opened and the renminbi and gold will be added to the overall valuation.
So once completed, the SDR basket valuation will consist of the following stores of value:
READ THE REST OF THE ARTICLE AT RIGHT.IS HERE:
By: Voice of Reason
FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
THE VOICE OF REASON
- WEBSITE: http://thelastgreatstand.com/
- FACEBOOK: https://www.facebook.com/LastGreatStand
- GOOGLE PLUS: https://plus.google.com/u/0/+LastGreatStand
- TWITTER: https://twitter.com/#!/LastGreatStand
- TEA PARTY COMMUNITY: https://www.teapartycommunity.com/profile-151600/
- PATRIOT ACTION: http://patriotaction.net/members/TheVoiceofReason
- YOUTUBE CHANNEL: https://www.youtube.com/user/LastGreatStand/
- SEEN.IS: https://www.seen.is/members/home
- RIGHT.IS: http://right.is/contributor/pages/351/169/bio.html
.jpg)
FOR LINKS TO UNDERSTAND THE ECONOMY & THE COMING ECONOMIC COLLAPSE:
Peter Schiff: Greek Tragedy! When Will Greek Banks Reopen?
Peter Schiff: Greece Was a Sideshow. Americans Need to Worry About Starving
Gerald Celente Predicts Economic Collapse Means World War III (Video)
Can You Imagine Empty Grocery Stores?
Putin Makes Chilling Threat to Obama That Could Change Everything in the U.S.
Gerald Celente: America Headed Towards Total Financial Collapse
Peter Schiff: China and Switzerland is Killing U.S. Dollar
So it Begins: The Bond Crash Looks to be Here, and Investors Are Panicking
What Makes The Trans-Pacific Partnership So Bad? You Better Sit Down.
Global Reset Coming! Central Banks Are Losing Control Of Financial Markets
Deathblow to the Dollar – Even Our “Allies” Abandoning U.S.
What Will Happen To You When The Dollar Collapses?
Gerald Celente: “America Is A Collapsing Third World Country”
Trouble Ahead: ‘Within One Year 9 Out of 10 Americans Would Be Dead’
How Will the Dollar Crash Affect ME PERSONALLY?
DOLLAR DOMINATION IS OVER!!!! – OMFIF Discusses Alternatives
Gerald Celente: A Worldwide Panic Is Beginning And “There Is No Recovery”
Get Your Vast Right Conspiracy Coffee Mug Today
I was just looking at some beautiful old photos taken around the turn of the last century (1900) and noticed how RICH America appeared BEFORE the democrats sic their corrupt federal reserve on us. We did just fine without the banksters for over 130 years.
Don’t you get it? Democrats or Republicans, it doesn’t matter. They all have to listen to the same Pharisees.
Nathan Rothschild once said: Give me control of the money supply and i don’t care who is making the law.
As long as the Pharesian Banking system exists (creating money and debt out of thin air against huge interest rates) it will get worse. Also the long the system exists, the harder the fall.
If you have wine and only poor wate in it, you’ll end up with? – This is exactly what inflation is.
Poor people didn’t have the means to take pictures. What you saw were pictures of the rich taken by the rich for the rich to look at…Yes- 1900 America was a very nice place if you were rich.
It is no breaking news, it has been cirulated around for at least ten years. I am still waiting for it to happen, one day soon…
I have been reading about this happening since 1958. That’s the year I learned to read. This must be an extremely slow process.
The “Free Ride” is OVER… and clearly it is already long since over for the middle class of the US…. but it is very VERY shortly going to be “all over” for the politicians, who sold the people out, too! They are working frantically, burning the midnight oil, trying to make back door deals with the ruling bankster reptiles around the world… but the efforts are futile. They are losing the global game…
There is no future in the United States…. until it transitions into whatever form it will take… (the “new China”??? in view of the fact that China has bought up massive massive amounts of real estate in the US, and that the US still owes China many times the GDP of the whole US…. and China WILL collect that debt one way or another. Bearing in mind that “Hillery” cut a deal with China when she was secretary of state, …. an agreement signed by the US stating that China has essentially “eminent domain” rights to COLLECT what is owed to them.
Spend a few seconds and think of the fall out from that one? Scared yet? You should be.
The FREE ride is over.. for everybody. NOTHING is ever going to be “like it used to be” ever again. Regurgitating the circumstances over and over… complaining about the current pain…. waving the Chinese made “Amerikan flags” is not going to even slow down the shift that is rolling straight at us all faster and faster.
Remedy? There is none…. with the exception of running OUT of the US.. getting up and off the middle of the rail road tracks, when you can SEE the huge freight trail coming at you.
Still stacking Silver!
watering down the current plans to reclaim gold as the value anchor is not a good idea..let the IMF and world bank die
Yes Watcher I’m with you – seeing that AJ is controlled opposition, buying silver is probably the best option.
The root of all evil is money…
You can’t trust anyone in power, and have to question everyone… Once SHTF, you’ll have weapons to back you up to hold everyone up to their word… If not, goodbye… Remember most of all, the Blue Helmet UN are freedom Loving US Flag patriots WORST ENEMY, equal to the US Gov! The instant you see one, they need to be stopped from stepping foot on to US Soil! The “UN” IS A PRIVATE, FOR PROFIT BUSINESS CORPORATION, and NOT ANY GOVERNMENT as you were BRAINWASHED TO BELIEVE! Look it up! It is “Owned” by the Rothschilds, Bushs, Clintons, Cheney, and all the top US Gov scum and rich 1% elite! You see tons of UN vehicles because the criminal US Gov TRANSFERED many 10s of MILLIONS OF ACRES OF US SOIL TO THEM, so they quietly funnelled the land into their names while in Gov Senate and Congress, etc! Wake the hell up! Just as in 1776, we faced the “Red Coats” from Britian, and today in 2015, our “Blue Helmet” UN is trying to overthrow our nation for their private business corporation! That is why stop all Blue Helmets!
Just like in WW2, freedom fighters did many things to help fight against the Nazis. They removed rails from railroad tracks, so no weapons, vehicles, supplies and more importantly GAS/FUEL and PEOPLE were saved by this action. It takes them days to repair each track, and needed supplies DID NOT get to where it was needed, so other freedom lovers could defend themselves, with their help. Remember too, they stopped ALL GAS TANKS and VEHICLES because if they do not have gas, THEY CAN NOT DRIVE AND SPREAD THEIR WAR! So these were the main targets that caused the most kaos… Never forget… Read more here:
/protests-demonstrations/2015/03/martial-law-a-citizens-handbook-2455546.html
The root of all evil is money… NO, the LOVE of money is the root of all evil.
Gold is real. Dollars are soon to be worthless IOUs. Since massive debt accumulation makes financial collapse VERY likely (and many economic pundits and Bible prophecy authors point to a time around September 2015) maybe we should expect chaos, hyperinflation, martial law, dictatorship, and the fulfillment of end times prophecy… read:
Antichrist 2016-2019: Mystery Babylon, Barack Obama & the Islamic Caliphate
Get your sovereign offshore *24k 999.9 Gold Bullion * Savings Account * FREE * http://www.pittsburghwealthbuilders.com
FREE GOLD SAVINGS ACCOUNTS! NO STRINGS ATTACHED!
Are you interested in taking a look at a FREE wealth building plan that is not an MLM, Pyramid Scheme or Auto-Ship that is absolutely free where you can also earn residual income? Try Karatbars free gold savings account. Add gold to your portfolio. The gold doesn’t rust, rot and you can’t pass it through your kidneys. Gold lasts forever. You can even leave a beneficiary on your account. The gold is sent directly to your door via Federal Express. Get your sovereign offshore * 24kt 999.9 Gold Bullion * Savings Account * FREE *
http://www.pittsburghwealthbuilders.com/
http://espaniol.pittsburghwealthbuilders.com/
Trade your declining dollar for 999.9 – 24K gold. The rectangular gold ingots are heat-sealed in a credit card-like card of sturdy stock that withstand heat, water and cold. Leave an inheritance for your children’s children.
Alex Jones is purposeful disinfo, along with many other alternative sites who sold out for a bigger buck. This includes guys like Steve Quayle and a host of others who feed the fear and tell lies. Alex was once decent, but his followers have been deceived once the dollar became his only goal. Also, look into Stratfor and their link with him…disinfo. His main purpose is to incite unrest and to assist in more division within the country.
In Gold We Trust? – Ultimate – One World – Currency Revealed!
Which currency will be used as „THE ULTIMATE – ONE WORLD – CURRENCY“?
Are there any clues in the Holy Bible, which might help us to find out which legal tender will conquer the whole world?
The answer is YES!
/awakening-start-here/2016/03/in-gold-we-trust-ultimate-one-world-currency-revealed-2-6678.html