China to Purchase the Federal Reserve
The Federal Reserve is the largest holder of U.S. debt at $2.1 trillion. China is second at $1.3 trillion. Think of it as the United States government doing a debt consolidation of all its treasury bonds because it can no longer pay or service the debt.
China, or the BRICS countries, and/or a consortium of international interests, most likely organized through the I.M.F., will manage the U.S. debt through exchange rate increases and trade tariffs.
The gold reserves of the west have been depleted by China. Some say there is no gold left. This is more physical assets gone from the legers of the Western banks. The system of debt based money creation of the Western world is dead. It’s over. The shift East is in the final stages of completion.
Obama’s so called “Pivot East is less about positioning assets to counter the stirring of the eastern dragon,and more to do with making those military assets easy to confiscate when the terminal day arrives.
It will happen over a weekend, as many have already predicted. The televisions will announce the largest deal in financial history between the Federal Reserve and China. They will discuss how all the worlds currencies have been revalued to reflect true production ratios and physical assets. Accounts will be balanced. War criminals will be prosecuted.
It has been rumored for quite some time that the economic powers in the world, namely the Bank for International Settlements, The International Monetary Fund, and the World Bank have been working closely with most of the worlds countries on an economic reset.
The idea behind the reset is to prevent a complete collapse of the banking industry worldwide. When one calculates the amount of debt in the world today, the instability of the whole system is obvious.
So the main components of a reset will consist of aglobal currency revaluation, a new gold trade settlement system, and improved banking regulations to increase a banks assets and decrease their liabilities. The Bank for International Settlements has been slowly and quietly implementing these new regulations, Basel 1, Basel 2, and Basel 3. So banks decreasing their liabilities (less leveraging) means a contraction or reduction in the credit supply.
Christine Lagarde, Managing Director of The International Monetary Fund, speaking from Nairobi today, said that they will be revising upward their forecast on global growth. This new forecast will be made public in 3 weeks. She stated that it was premature to say anything more.
It was only this past October that the I.M.F. issued their last global growth forecast and it was downward for 2014. So what has changed in the last 3 months for the I.M.F. to revise the forecast upward?
If the plan is less leverage, how can we expect growth when the system of money creation is a debt based system? We can micro analyse endless charts and money velocity forever. The fact is our money creation method is debt based and debt is increasing at alarming rates. So what gives?
A global currency revaluation is one of the main components of an overall macro economic reset. The consensus is that the worlds currencies will become partially asset backed and will be revalued to reflect each countries capacity to produce and bring those assets to market. In essence, it will be a bastardized version of fiat currencies and commodity currencies. It will be a Frankenstein monstrosity which will lumber around the country side dreaming of becoming real money, like gold or silver. And like the sad and ill-fated beast, it will eventually die the tortured death of things that wanted to be but never could.
That death will most likely occur 10 to 15 years after the currency revaluation, so we need not worry too much about it right now.
A currency revaluation will also mean a downward revalue of the U.S. dollar, which has been the worlds primary reserve currency since 1944. This will leave a geo-political and military hole in the world. In fact, we are already seeing this vacuum being filled in by Russia, China, and the rest of the emerging economies. Remember how suddenly the U.S. backed down on their Syria threats, and started making peace with Iran shortly after. And there are rumors of secret negotiations with Cuba, Hezbollah, and even North Korea.
This rumored reset would have to be one of the most complicated and intricate systems ever attempted. In fact, if one knows where to look, you can see this new system being created just underneath the surface of the old. And like new flesh crawling upwards to cover the bones of the old, the economic reset will happen. The monster will be given a new body and new life, if only temporarily.
Perhaps the I.M.F. just gave us a hint of what is too come. Commodities may be a great place to transfer some wealth. Especially into the very affordable Silver. - JC
Link to the Economic Times of India article on todays announcement:
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