Global Currency Reset In Process: The Fed Cant Exit Easy Monetary Policy As USD Comes Under Attack, China and Russia Suggesting A New Bretton Woods, One Quadrillion Dollars of Derivatives Time Bomb Is Set To Explode

Both China and Russia have begun discussing a new Bretton Woods-style agreement which would back the Yuan with gold and change the very fabric of the international monetary system. This concept falls right in line the developing nations’ demand for a replacement of the U.S. dollar, and, the IMF’s new Special Drawing Rights currency, which is partially valued in gold, and backed by the IMF’s unaudited gold horde:

JP Morgan fleeing commodities markets? Paper gold decoupling from physical gold? China and Russia suggesting a new Bretton Woods? Is this a signal for something monolithic on the horizon for the global economy? If there is a sudden shift by developing nations away from the dollar and towards a basket currency system partially valuated in gold, this would be disastrous for the American fiscal structure. I have been tracking the slow dump of the greenback since 2006, and I have to say, I’ve never seen escalation like I have seen in the past year. If foreign central banks are planning to drop the dollar as the world reserve, their behavior in metals markets suggests they may be ready to act soon.

The grand plan we are
witnessing now is nothing less than historic.

The grand plan we are witnessing now is nothing less than historic. Yes,historic. Let’s take a quick review of what has transpired over the last six weeks or so.

–  June 7 – 9th: President Barack Obama and Chinese President Xi Jingping meet in Palm Springs, California for negotiations on the Basel III accords, the Global Currency Reset and the Restoration of the Republic.

– June 27th: The United Nations Security Council votes 15 – 0 to lift Chapter 7 sanctions against the country of Iraq after nearly 23 years of hardships on the Iraqi people. This is Iraq’s biggest achievements since the ouster of Saddam Hussein a decade ago, allowing Baghdad to regain control over its own currency, oil and economy.

– June 28th: The Iraqi Stock Exchange (ISX) is officially approved to become part of the NASDAQ system.

– June 28th:  An accountant employed at the Vatican bank, Monsignor Nunzio Scarano, is arrested and charged with smuggling large caches of money across international borders.

–  July 1st: Two top officials at the Vatican Bank resign amid a growing money laundering scandal as rumors continue to swirl Pope Francis may shut down the scandalous and criminal Vatican Bank entirely.

–  July 2nd: The Federal Reserve Board votes 10 – 0 to adopt the new Basel III banking regulations.

–  July 9th: The Federal Depository Insurance Corporation (FDIC) also votes to adopt the Basel III banking regulations.

–  July 9th: The Office of the Comptroller of the Currency (OCC) agrees to adopt the Basel III provisions.

– July 10th: Treasury Secretary Jack Lew meets with a Chinese delegation to work out final details of the Global Currency Reset.

– July 11th: An updated version of the Glass – Steagall Act is reintroduced for vote in the US Senate led by Senators Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) which would require all the major, “too-big-to-fail” banks to be completely overhauled and downsized.

– July 15th: The Iraqi Stock Exchange opens for international trading for approximately two hours to test if their system interfaces correctly with NASDAQ. In order for the ISX to conduct international trading, the logical next step is for Iraq to revalue their dinar in order to have an internationally recognizable currency.

– July 18th: Confirmed reports emanating out of the United Nations (UN) insist the revaluation of the Iraqi dinar was announced within the UN itself by two foreign countries, one of which may have been the delegation from Iraq.

– July 20th: Fox News briefly reports US Secretary of State John Kerry offering confirmation of the adoption of the Basel III banking regulations.

– July 21st: Numerous reports of banks across the US, and apparently some in the UK, announcing to their customers various down times for system maintenance including the international service known as SWIFT (Society for Worldwide Interbank Financial Telecommunications).

– July 23rd: More rumblings coming out of the UN as a growing chorus of impatience continues to swell amongst some its member nations who openly question why the Global Currency Reset has not been enacted yet.

By any stretch of the imagination, the sheer number of astounding events listed above marks nothing less than a complete changing of the guard. These kinds of developments would not even happen, if the old regime was still in charge. We simply have not seen this kind of significant activity on both a national and international scale ever, ever before.….