June 22, 2012
By AMERICANFREED | JUNE 22, 2012
Reform of monetary system … IMF should build multiple reserve currencies including SDR and supervise their issuance and cross-border capital flows … Today, the most urgent task for the G20 is reform of the international monetary system. With sharply fluctuating exchange rates, it is difficult to monitor international capital flows, identify financial risks in advance, and save the global system once a crisis happens. If the current international monetary system cannot be successfully reformed, a new great financial crisis will soon be upon us. So, the G20 should focus on its historical mission to urgently reform the international monetary system. – China Daily
Rigged Gold Market, A Secret Payoff To China … “Gold is a reserve currency, as far as the market is concerned,” Sprott Asset Management’s Eric Sprott told FinancialSense Newshour’s Jim Puplava in an Oct. 2011 interview. Sprott went on to say that central banks and the shrewd money know the endgame for the dollar will include gold as the backbone of a new global monetary system—a system that presently finds China sorely lagging in gold reserves when compared with the core EU nations and the U.S … – ETF Daily News
The world’s new monetary system is being constructed as we write. You can spot the evidence in various articles, both mainstream and alternative. This article will profile two such stories.
First, there is an ETF Daily News article entitled, “Rigged Gold Market, A Secret Payoff To China.”
It complements a most important article from China Daily entitled, “Reform of the Monetary System.”
Together these two recent articles may provide us with significant insights into what is REALLY going on.
According to the ETF Daily News, Western powers-that-be are secretly funneling gold to China in anticipation of a new monetary system now being constructed. China needs more gold to be part of the planned new world monetary order – or so the Daily News article suggests.
For those who believe in directed (conspiratorial) history, such a scenario is certainly believable. The global elites seem to be creating economic chaos in anticipation that they shall then be able to introduce a world currency – possibly one based on a bundle of currency and informally backed by gold.
This will not happen all at once, but will happen over time. If the euro fails, this will surely be an elite setback, but that does not mean the enterprise itself will be halted. The elites that want to run the world – and are willing to produce any amount of agony to get their way – don’t give up easily.
The globalist currency may be run by the elite-controlled International Monetary Fund and could built out of the current Special Drawing Rights (SDR) “super currency” that the IMF has been attempting to implement around the world.
The China Daily article provides us with astonishing confirmation of what may be the IMF’s role. China Daily is widely seen as a private mouthpiece of Chinese government policy.
Reading between the lines, the two articles provide further evidence that China’s top leaders – actually those secretly behind the public’s leaders – are on board with the globalist plans of Western elites.
This has been speculated about before because the paradigm that Western elites use is to ally with the people at the very top of a society. Often hostilities are commenced against such countries.
The idea is always to control the topmost leaders while positioning the opposing country as a threat in order to consolidate further domestic control.
In China, it’s been speculated that some specific dynastic families are involved in controlling that great country – and work with Western banking families such as the Rothschilds.
An alternative to this perspective is that of a three-headed shadow control that includes elements of the communist leadership (Mao was supposedly a “Soviet agent” – and the top Soviets in turn were allied with the West), the Hong Kong Tycoons (later entrants) and the Triads mafias.
This makes sense if one believes that the power players in Mainland China fled to Hong Kong during Mao’s reign and allied themselves with the Triads for purposes of developing political and criminal muscle.
Once China’s mismanagement had reached a critical level – after the failure of the Great Leap Forward – the stage was set for elite re-penetration of that vast state.
When one looks at China today, one sees a kind of Western parallel – but one that is even more extreme. The Chinese economic model is based on corrosive and inflationary central banking that has no doubt allowed elite interests to corral huge amounts of Chinese economic and industrial resources.
China is probably near the end of this particular cycle of monetary activity, with hundreds of empty skyscrapers and dozens of empty cities dotting the landscape. The ChiComs no doubt expect an implosion.
No, there will likely be no “soft landing.” This is providing the ChiComs with a further incentive to cooperate with Western elites to create a new monetary system built out of the old, collapsing one.
The China Daily article “Reform the Monetary System” provides us with an astonishingly detailed plan for how the new world currency is to come about.
Here are some of the points:
•The IMF should build multiple reserve currencies including SDR and supervise their issuance and cross-border capital flows.
•The G20 should set up a permanent secretariat within the International Monetary Fund to improve its policymaking and implementation capabilities.
•A diversified international monetary system should consist of multiple currencies, such as the Special Drawing Rights, the US dollar, the euro and the renminbi.
• A good way to start the reforms would be to encourage the use of Special Drawing Rights for a broader range of activities and to start reducing the weight of the US dollar in the reserve currency system.
The article explains that, “such reforms would mean granting the IMF the ability to conduct open market operations as the world’s central bank.”