Blast from the past…
…here is a little blast from the past…
…It is the cover from the January 9, 1988 issue of The Economist magazine. Note the phoenix rising from the ashes of burning national currencies, including the dollar.
The cover relates to an article on pages 9-10 titled Get ready for the phoenix, which foretold the financial drama we are now watching unfold in real time. Upon stumbling across them, I found the cover art and the article so striking that I thought they might be an online forgery, so I verified their authenticity with a research librarian at the Newspaper and Current Periodical Room of the Library of Congress. Both the cover and the article are quite real. Here are some excerpts (not necessarily in the order in which they appear in the article)…
>>> THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century…
…The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power…
…The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF…
…Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice…
…Pencil in the phoenix for around 2018, and welcome it when it comes. It’s all there: the SDR “cocktail” (basket) of currencies, the IMF’s central role, and the need to create “exchange rate upsets, stockmarket crashes, and economic slumps” to make the public accept it. Seeing such an accurate forecast/blueprint, one wonders who was behind its publishing. So if we look into The Economist magazine, we find it is headquartered just a few blocks from the City of London and is owned by The Economist Group, which itself is owned by some rather interesting characters…
“The Economist Group is 50% owned by Pearson PLC via The Financial Times Limited. The bulk of the remaining shares are held by individual shareholders including the Cadbury, Rothschild, Schroder, Agnelli and other family interests as well as a number of staff and former staff shareholders.”Continue reading HERE
NESARA- Restore America – Galactic News
Source: http://nesaranews.blogspot.com/2015/01/blast-from-past.html
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