OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

WANKA @ 11:57

Posted by ipso facto @ 12:12 on December 12, 2014  

What planet are we on anyways!

Oil down to 57.80

Posted by commish @ 11:58 on December 12, 2014  

0b4416c587

macroman3 @ 10:51

Posted by goldcountry @ 11:39 on December 12, 2014  

CME trading collars go into effect 12/21/2014. Remember the crazy numerology speech of Christine Lagarde regarding the number 7 ?
12/22/2014 adds up to 7.

Surely they’re not putting these in place to prevent downward price moves–why would they bother?

Let the volatility begin!

Beaten down midget may have found something

Posted by ipso facto @ 11:29 on December 12, 2014  

Receives High-Grade Gold Results, Including Grades of 401 g/t Gold at Apollo-Sitka

http://finance.yahoo.com/news/receives-high-grade-gold-results-002200048.html

Richard640 @ 10:50

Posted by ipso facto @ 11:23 on December 12, 2014  

Rich … but you know that’s a lot of hooey … right? How much documentation on the rig have we read from gata? How many other articles? How many times have we seen it first hand, a mountain of paper gold dumped on the market during the quiet hours? More times than I can count!

Maybe the PTB don’t want gold to fall further but they sure as hell don’t want it to rise any large percentage either.

“supply and demand” LOL!

Bright spot, First Majestic

Posted by ipso facto @ 10:54 on December 12, 2014  

AG

Spidey sense more tingly than usual…add these computer glitches to the Comex gold collars storey??

Posted by macroman3 @ 10:51 on December 12, 2014  

http://www.zerohedge.com/news/2014-12-12/all-london-airspace-closed-due-computer-glitch

Best time to pull the wool over J6PK is during the holidays, like Dec 23, 1913…

Just got this in my mailbox

Posted by Richard640 @ 10:50 on December 12, 2014  

Richard 640

there ARE no BAD GUYS

TIME TO GET OVER THAT !

IF ANYTHING THE PTB WANT STRONGER GOLD

THEY DO NOT WANT DEFLATION

THEY CANNOT CONTROL IT !

SEE JAPAN !!

The sooner you get over the fact that its all supply and demand the better my friend

Lotsa green coming into the PM shares

Posted by ipso facto @ 10:49 on December 12, 2014  

macroman3

Posted by ipso facto @ 10:43 on December 12, 2014  

I don’t recall ever barfing on my girlfriends shoes … if I did I’d deny it!

Reminds me of Jenga

Posted by ipso facto @ 10:38 on December 12, 2014  

Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For

http://www.zerohedge.com/news/2014-12-12/presenting-303-trillion-derivatives-us-taxpayers-are-now-hook

800px-Jenga

Get your morning going ipso….

Posted by macroman3 @ 10:31 on December 12, 2014  

You’ve been warned … Greeks your masters have spoken

Posted by ipso facto @ 10:20 on December 12, 2014  

Goldman Warns Greeks Of “Cyprus-Style Prolonged Bank Holiday” If They “Vote Wrong”

Funny what a difference two months make. Back on October 4, we wrote “Here We Go Again: Greece Will Be In Default Within 15 Months, S&P Warns” and… nobody cared as the Greek stock market meltup continued. Now, after the biggest three-day rout in Greek stock market history (or about 30% lower), and with the overhyped, oversold, oversusbcribed recent Greek 5 Year bond issue available in the open market some 16 points lower, and suddenly everyone cares. Including Goldman Sachs.

Overnight the bank with the $58 trillion in derivative exposure issued a note “From GRecovery to GRelapse” which is quite absent on the usual optimism, cheerfulness and happy-ending we have grown to expect from the bank whose former employee is in charge of the European printing press. Here is the punchline: “In the event of a severe Greek government clash with international lenders, interruption of liquidity provision to Greek banks by the ECB could potentially even lead to a Cyprus-style prolonged “bank holiday”. And market fears for potential Euro-exit risks could rise at that point.”

Dear Greeks, “don’t vote wrong” as EU’s Juncker urges you – you have been warned.

more http://www.zerohedge.com/news/2014-12-12/goldman-warns-greeks-cyprus-style-prolonged-bank-holiday-if-they-vote-wrong

Theeeeeeeeeeeeey’rrrrre back! The Feelth aka Cartel

Posted by Richard640 @ 10:05 on December 12, 2014  

The dollar index is DOWN 420 bps  and gold is DOWN $8–& the yen is UP 260 bps

I rest my case….a few days ago, I would have said to buy this divergence-but not today–the Feelth are very determined to put an end to this upside sh*t with gold….

Posted by Auandag @ 9:57 on December 12, 2014  
Advisor Perspectives dshort Margin Debt and the Market Margin Debt Growth Investor Credit & the Market Market Inverted

Morning Oasis – you too Scruffy, Goldie

Posted by Buygold @ 9:42 on December 12, 2014  

Hey Scruff – I read that article yesterday on ZH and don’t know what to make of it. Seems like the last time the CME made some big moves our pm’s got crushed. OTOH, that was from much higher levels and it would be just like the CME to protect the banks from any big upside moves. I guess the plot continues to thicken.

Goldie – that was an excellent article about the SDR and the new Bretton Woods. Makes a lot of sense, the question is what role will gold play if any in a basket of commodities?

I see the USD is weak this am yet gold is doing nothing. I guess we should be happy it’s not getting smashed with oil. Maybe the best we’re going to do with weak oil and SM is not go down too much.

Silver has been impressive lately though.

 

Good morning Oasis

Posted by ipso facto @ 9:40 on December 12, 2014  

B2Gold Announces First Gold Pour at Otjikoto Ahead of Schedule

http://finance.yahoo.com/news/b2gold-announces-first-gold-pour-184225900.html

Silver Standard Expands Mineral Resources at Marigold with Higher Gold Grade Mineralization

http://finance.yahoo.com/news/silver-standard-expands-mineral-resources-121500536.html

Coffee

Posted by commish @ 9:11 on December 12, 2014  

3809348a2e

The New Bretton Woods

Posted by goldielocks @ 1:20 on December 12, 2014  

 
SDR’s and the New Bretton Woods – Part Six

Consolidation or Collapse, and Conspiracy Theories

By JC Collins
February 18, 2014
philosophyofmetrics.com/2014/02/18/sdrs-and-the-new-bretton-woods-part-six/comment-page-1/#comment-584
“In recent decades, emerging and developing economies have become bigger players in the global economy. However, their representation at the IMF has not kept pace with these changes. The G20 will continue to pursue reforms to the IMF during 2014 to ensure that country representation at the IMF better reflects the economic weight of its members. These changes will build greater confidence in the IMF’s ability to respond to global economic instability.” – Statement on Reforming Global Institutions on the G20 Website

There is a unique game of chess taking place on the global economic scene. And like all good games of chess against worthwhile opponents it takes patience and calculation to strategize every move well in advance. This particular game began in 2010 when the G20 countries all agreed to enact the International Monetary Fund’s Governance Reforms (or Code of Reforms) to change the quota amounts for member countries and restructure the Executive Board to more accurately reflect the changing dynamics of the world economy.

With the full implementation of these reforms we will see all the currencies of the world that are now pegged to the value of the U.S. dollar shift to a more balanced system of weight values and be pegged to the value of the SDR (Special Drawing Right) as issued by the International Monetary Fund.

The SDR was originally meant as a form of credit but since the collapse of 2008 has been slowly transitioning into a form of money, or currency. Some of the reasons for the expanded use of the SDR can be found in sets of problems and remedies. Which are:

Problems in the international monetary system:

1.Persistent Global Imbalances
2.Large and Volatile Capital Flows
3.Unstable Exchange Rate Fluctuations Not Based on Fundamentals
4.Insufficient Supply of Reliable Global Assets

Remedies for the international monetary system:

1.Global Policy Collaboration and Stronger System Surveillance
2.Enhanced Systemic Financial Safety Net
3.Financial Deepening in Emerging Markets
4.Development of New Reserve Assets

It’s the last item, development of new reserve assets, which we will focus on in this installment of the SDR and the New Bretton Woods series.

But first let us address the issue of corruption and rampant conspiracy theories which are overshadowing the real process and strategies which are taking place on the global scene. Next week the 2014 G20 Summit is taking place in Australia. Two of the many priorities for the G20 this year are anticorruption and reforming global institutions.

The reforming of global institutions is a clear reference to the I.M.F. Code of Reforms which have been held up in the American Congress since 2010. And we are seeing anticorruption tactics and procedures playing out every week as more and more government officials and top bank directors are being arrested or executed for fraud and crimes against the people.

The problems with the international monetary system as listed above create opportunities for corruption and for rent seeking elite groups to transfer wealth from the larger disorganized groups with no addition of new wealth to the system. This has caused severe imbalances in the system and can no longer be allowed.

In “What Are Conspiracy Theories” we defined this rent seeking elite and described how one of the tools of the larger disorganized subordinate group (the middle and lower classes) to combat the smaller elite was referred to as “weapons of the weak”.

One of these weapons is gossip. It is my proposition that conspiracy theories are in fact the unofficial and disorganized structure of this weapon of the weak. When we are left with no official source of valid information in regards to what is happening in the financial world, we are prone to analyse and function on the lowest common denominator of information sources, which are conspiracy theories.

Some of the black and white or good guy and bad guy definitions of these conspiracy theories are laughable and do nothing but create confusion and misdirection away from a real understanding of the economic situation which the world faces in our modern era.

From mystical beings to secret informants, the ridicules angles and propositions run the gambit of the most profane amongst us. Nowhere is the truth more hidden than in the midst of the absurd stories and so-called enlightenment of these secret sources and “top men”. It is a system of maggots feeding on the hopes and dreams, not to mention confusion, of the large mass of disorganized subordinates.

True enlightenment comes from the realization that helping others is helping ourselves. When you feed off others you are in fact feeding on your own life. Whether intentional or not, this bottom feeding on each other only helps and encourages the small rent seeking elite to continue in its wealth transition from the masses to itself.

I will pay no further attention to the absurdities of the profane and absurd. Good and evil exist in the minds and fairy tales of children. And there they shall remain.

With that being said there is an organized structure or process attempting to bring rule of law and a balanced system to the international monetary system. This system of change is based on the fundamentals of self-limiting rent seeking elites from large transfers of wealth which only serve to deepen economic recession. We are seeing this system of self-limiting being successfully implemented in countries such as Vietnam, China, Russia, and India, with more to come. It is not a perfect process but it is a process nonetheless.

This is not China against America. Or some shadowy group against another shadowy group. All the information about this new system is already out in the open and available for all who take an interest in learning about it.

Zhou Xiaochuan of the People’s Bank of China is one of the most vocal members of the international community calling for the implementation of this new SDR system. And a big part of the structure of this new system is the Basel 3 regulations as put forth by the Bank for International Settlements. So it’s no surprise to learn that Zhou Xiaochuan is in fact one of the board members of the Bank for International Settlements. This should put to rest any conspiracy theories about China overthrowing the current banking system.

When we hear talk of the Global Currency Reset and the Great Consolidation, what we are reading or hearing is in fact a simplified version of the modifications being slowly implemented in the international monetary system. Though they will in fact benefit greatly from the consolidation and composition process by way of increased physical assets.

As we have covered in previous essays, the Great Consolidation will be the restructuring of sovereign debt into the new SDR system of compositions and allocations. Considering that commodities will make up a large percentage of the SDR compositions, it’s important to manage this sovereign debt as the debt itself will eventually, and in essence already is, undermining the commodity prices which will build a basket of goods used to value the SDR’s themselves.

What we’re saying here is that if there is no Great Consolidation (restructuring of sovereign debt through the I.M.F.) than there will be no Global Currency Reset or SDR basket of currencies based on goods and other commodities.

With the new SDR system in place, all the currencies of the world can peg their value to the SDR containing the basket of commodities and other composition weights which we have discussed. With the SDR acting as the reserve currency anchor a fixed exchange rate can be set (or allowed to fluctuate within a band) and the foreign reserves held in dollars will be slowly replaced with SDR reserves.

With a large scale substitution of U.S. dollar reserves with SDR reserves, it will create a situation where less exchange rate pressure is exerted on the U.S. dollar as it attempts to restructure its sovereign debt through the very same SDR consolidation system.

So why hasn’t the Global Currency Reset and Great Consolidation taken place yet? Simple, the United States Congress has not passed the legislation required to restructure the Executive Board of the International Monetary Fund. For those who doubt that this is indeed the holdup, a very brief review of the 2010 Code of Reforms themselves should be required. The U.S. holds 17% of the vote on the Executive Board. For any measures to pass the required vote is 85%. The U.S. can veto any resolution or policy change as it sees fit. It is holding off on restructuring the board and in turn the international monetary system as referenced by the G20 above, as a form of chess game in which it is seeking additional allocations and compositions for the dollars’ value and placement within the system once said system is fully implemented.

Now that Congress has given a blank cheque debt limit increase, the money should be available for increased deficit spending which will increase the U.S. quota injections into the I.M.F. This will allow for the sovereign debt restructuring to begin.

Another probable explanation for the refusal of the Congress to enact the legislation is the likelihood of the exchange rate risk associated with the transition from dollar liabilities to SDR liabilities. This risk could be captured in a temporary substitution account which would be setup as a form of safety net for the dollars collapse. Perhaps the United States is negotiating a shared risk instead of sole responsibility for maintaining the dollars SDR composition value on the substitution account as the transition from dollar reserves to SDR reserves takes place.

It is well known by all sides that the dollar cannot collapse without causing the collapse of the new SDR system before it is even fully implemented. The I.M.F. and the U.S. both require this substitution account as a temporary transition point to ensure there is no sudden drop in demand for dollars. The transition has to be slow and orderly.

The substitution account will further allow for the direct foreign exchange market intervention for SDR’s which will enhance the attractiveness of the SDR compositions and allocations as laid forth in the capital asset reserve structure of the Basel 3 Regulations.

As foreign exchange in the SDR system increases, account balancing and clearing can be completed by the Bank for International Settlements. The BIS has already developed a multi-tiered system for clearing and settlement of SDR payments.

Thus we come full circle back to the statements made by Zhou Xiaochuan of the People’s Bank of China, (who just so happens to be one of the most influential economic figures in the world) calling for the SDR system. And remember, he is a board member of the Bank for International Settlements as well.

If China gets its way and overall economic growth is added to the weights of SDR compositions, which could in fact be used as a method of shared risk within the temporary substitution account, than we will see the SDR system implemented without further delay.

Once all the world’s currencies are pegged to SDR’s and not dollars than we will see a form of global trade which will not only encourage, but also enforce a method of real effective exchange rate stability based on real economic values. This is where currencies like the Vietnamese Dong will be revalued and become a stable form of wealth storage for the people. See “Why the Vietnamese Dong Will Reset”.

A complete peg to the SDR will promote global trade by removing exchange rate fluctuations and will in essence act as a simulacra of the gold settlement system. A de facto gold standard.

Let’s us go back to the beginning of this essay and think in term of the chess game again. The complexity of this SDR system is not easily understood or explained. It will be sold to the public at large as an extension of what is happening already. In previous essays we have thought in terms of micro and macro patterns. Let us do so again, as we consider that the Quantitative Easing through the Federal Reserve will slowly transition into SDR Quantitative Easing through the International Monetary Fund and accounts balanced through the Bank for International Settlements.

As the Fed tapers QE we can expect that it will mean an increase in SDR QE through the I.M.F. In time this will become more obvious.

Full implementation of the Basel 3 Regulations through the Bank for International Settlements have been extended to 2018. One can only wonder if this has to be a direct cause and effect to the delay in the 2010 I.M.F. Code of Reforms.

The Basel 3 Regulations are meant to strengthen bank capital requirements by increasing liquidity and decreasing bank leverage. This increase in capital requirements are broken into two categories:

1.Tier One Capital – must be common shares and retained earnings.
2.Tier Two Capital – Supplementary but Harmonised Capital:
1.Undisclosed Reserves
2.Revaluation Reserves
3.General Provisions
4.Hybrid Instruments
5.Subordinated Term Debt

It is the Revaluation Reserves that interest us in regards to our essays on SDR composition and allocation. When foreign exchange reserves are revalued to match the level of economic output and commodity basket or composition of the SDR’s, the banks themselves that hold these foreign reserves will see an upward revaluation of their Tier Two Capital requirements under the Basel 3 Regulations which are meant to support the I.M.F. 2010 Code of Reforms and consolidation of sovereign debt, which will come about when the Executive Board of the I.M.F. is restructured to reflect the economic realities of the emerging markets.

This is the Global Currency Reset and Great Consolidation. Please refer back to Part Three for a full explanation of the problem/reaction/solution Hegelian Dialectic which is being purposefully played out in the system which we are attempting to explain here. The process is confusing and convoluted. Is there any wonder that there are rampant conspiracy theories about it? You just need to remember that this is a game of chess and not checkers. The development of new reserve assets takes place through the SDR system or we are likely to face further sovereign debt problems and untethered currency fluctuations. Its consolidation or collapse, not conspiracy theories. – JC Collins

SDR’s and the New Bretton Woods – Part One

SDR’s and the New Bretton Woods – Part Two

SDR’s and the New Bretton Woods – Part Three

SDR’s and the New Bretton Woods – Part Four

SDR’s and the New Bretton Woods – Part Five

Okay here’s part one

http://philosophyofmetrics.com/2014/01/21/sdrs-and-the-new-bretton-woods-part-one/

Here’s part two from there check the links
http://philosophyofmetrics.com/2014/01/23/sdrs-and-the-new-bretton-woods-part-2/

Why is deflation winning ?

Posted by Ororeef @ 0:56 on December 12, 2014  

Greed !

Greenspan was right theoritically.. deflation would not be a problem because we have the ability to print unlimited amounts of money .!   CORRECT !

But he forgot about GREED ! .The Banksters got the unlimited money from the Fed …but what did they do with it !  It certainly never made its way into the economy !  THe Banksters loaned it back to the Government at higher rates than they pay for it !   What they should have done was give 100 million to each bank and told them to keep 5 % for themselves and be Forced to lend the 95% out as loans at any rate they could even 1/4 of a % .Then rinse and repeat until the private sector was flooded with ready cash .NO mortgage defaults would have occoured ,no housing crash …no bankruptsys of any sort instant inflation in the areas where it was needed …Housing! Insteadthey created inflation in FOOD,& ENERGY and every area not indexed to benefit taxpayers as food and energy are not counted in SocSec . increases .Reduce the value of their main asset  their house by 30 % .. the result was to force retirees to consume savings ,get a zero return on investments and push them into poverty with no hope of ever recovering because THEY will never return to the JOB Market ! They can still do it ,but they won’t give up free money with no effort .It takes effort to make Loans ! even at .25 % theres paper work to do ! Then they give us the Unaffordable Healthcare system to further Bankrupt the Retirees and the rest of the citizens.

Why didn’t they just Print the money needed to cover the uninsured  instead of doubling everyone s costs ..and we woulden’t have DEFLATION just as Greenspan said  .They could have just printed and avoided DEFLATION BUT NO …..THey didn’t Print the money they just PUSHED the Cost on to those that do PAY their bills.PRINT the DAMM money and you will have your inflation and the retirees will get increases and bankruptsys will stop ! Drop it from Helocopters if you have to !

If you leave it up to the Banksters to distribute the money they will choose DEFLATION because thats how they turn their credit system loans into REAL ASSETS  via Foreflosure  ..they know they had reached the maximum credit with a Fractional reserve credit banking system so it bacame time to deflate and convert to Real Assets instead of Paper.Bankrupt them all and start over again ! The Chief Bankster didn’t know how Greedy his little Banksters were ! or maybe he did ! Back in the 30’s the same thing happened and they also chose DEflation …

There was a plan called the “Townsend plan”  to double retirees payment PROVIDED they spent the money and had to prove they spent it !  …that would haved solved the problemn then by putting the money into hands that deserved it for working all their lives and create jobs for those still at working age .!

http://www.ssa.gov/history/townsendproblems.html

It would have injected money directly into peoples hands  and saved the economy !

It was rejected then and again now because of Banksters Greed !  Greenspan ,Bernanke and Yellen KNOW this and still repeated it !

Interesting read all I can say

Posted by goldielocks @ 0:52 on December 12, 2014  

Dollar Collapse? World Bank Whistleblower Predicts Global Currency

Gregg Prescott, M.S., In5D Guest
Waking Times — November 10, 2014
According to World Bank whistleblower Karen Hudes, the US dollar is set to crash and will be replaced with a new, interest free, gold-backed currency.

Hudes is a lawyer that worked in the World Bank legal department and has been recently reinstated by the 188 Ministers of Finance on the Board of Governors on the World Bank

In an interivew with Russia Today, Hudes stated, “there is 170,500 metric tons of gold deposited in a vault in the Bank of Hawaii, 130,500 metric tons in AMEX Hong Kong plus 150,000 metric tons in Development Bank of Singapore, for a total of 451,000 metric tons. There is an additional amount exceeding 100,000 metric tons in other American banks”.

In 1950, Ferdinand Marcos kept this gold in a secret trust fund for 50 years “so all the claims on the world’s wealth would be subject to the statute of limitations, which basically says that if somebody claims that they own something, but they haven’t been able to gain control of it for 50 years, then they’ve lost their claim. The purpose was so that all of the assets that were put in trust for humanity when the 50 year period ended, would be available for humanity without any competing claims. That 50 year period ended in 2005.”

The authorized signatory for the trust fund is Wolfgang Struck.

Hudes stated, “Considering that the paper currencies are in a precarious situation, we need to step up our game and to move quickly to bring the gold out of the trust fund for the benefit for the benefit of humanity before the collapse of the paper currencies.”

What is the hold up?

According to Hudes, the mainstream media has been bought up by the banks, which is delaying the movement forward of information outside of the alternative news media. Outside of the alternative news, people can use social media outlets such as Twitter and Facebook to get the word out. “More people are learning about the fact that the banks are trying to prevent people from getting the wealth that they’re entitled to.”

Despite being reinstated, Hudes admitted that she is not able to go into the World Bank buildings because “the banking cartel has hired… owns a security firm which refuses to let me in, although I did manage to get into a meeting on the 10th of October (2014), which is when I met with three delegations… the Swiss, the Russian and the German delegations and we discussed about how we were going to get the banks to follow the banking laws.”

“Numerous coalitions have formed, such as the BRICS (Brazil, Russia, India, China and South Africa) and the Group of 77 (which is actually 130 developing countries) to help releases these gold funds to humanity.”

In the United States, those citizens and local governments that understand that the banking cartel has done something called “state capture” to which Hudes says, “They managed to bribe and corrupt enough officials, that these officials would just, instead of doing their public duty, would serve the interests of the banking cartel.”

In the United States, Hudes has been working with “The County Executives of America” and stated that they “have accepted the share of the United States gold in this ‘Global Debt Facility’ on behalf of the citizens of the United States and we are now trying to replace the paper currencies that are issued by the Federal Reserve.” Hudes added that the new currency should be issued by the Treasury, not the Fed, and stated there will not be any interest (debt) on the new currency. In other words, charging interest will no longer be tolerated in ANY country once these funds are released.

“When Ferdinand Marcos put the gold in the Global Debt Facility, he arranged for institutions that would be there to ensure that the gold would benefit humanity when it came out and one of those institutions is the World Bank and the International Monetary Fund.”

Hudes stated that most of this gold is located in the Philippines and the US Military is guarding that area. Wolfgang Struck stated that some military helicopters were flying gold out of that area, so Hudes filed a claim with the Inspector General in Okinawa stating that the gold was insured by Lloyd’s of London and the Lincoln Insurance Company. The terms of Hudes’ claim included that “any gold that is stolen will be put back and that anybody that ordered the transport of that gold is going to be held accountable as well.”

What are the challenges?

Hudes stated there are several main challenges to overcome before the new currency is issued:

1. To quickly replace the currencies
2. The banks have bought up the main stream media and are misinforming the people regarding this situation

Hudes stated the Federal Reserve Notes “are going to crash and it’s not going to be possible to do anything systematically after that happens.”

The U.S. military would be affected as well. “If the paper currency crashes, there’s no way to pay for the military.”

Hudes’ email from Wolfgang Struck

On November 3rd, 2014, Hudes received an email from Wolfgang Struck stating:
“This is interesting news in the sense that Karen Hudes is heading the demolition team that will replace the fractional reserve currencies, before their imminent collapse, in a peaceful transition through monetary agreements that the world does not know. It hurts to repeat the last sentence that follows: We will be watching with heightened interests as we do not have the slightest idea how that would be accomplished.”
Hudes wrote back stating that “the world does know about the monetary agreements” adding that those in power are still buying into the false reality portrayed by the mainstream media.

The new currency

According to Hudes, the new currency will be like this:

“The gold will be pressed very thin and put between a plastic envelope which will act just like paper currency, except that the value of the gold will be equal to the stated value of the currency.” Regarding the price of gold, it will be calculated by “using historical baskets of good and services and also the major currencies at the time so that we will have an absolute equivalent in our currency of the true value of whatever it is that the currency is being used for. We’ll also have local currencies and we will no longer be controlled by our currencies or pay interests on country debt in a scam.”

“It’s a race. If we do not replace this fake, fractional paper currency with value, we’re going to go into another dark age. We’ve got a coalition that understands this very well and that coalition is much stronger than the banking cartel.”

In5D Addendum: One must ask if Federal Reserve’s 100 year charter ended, then why are they still allowed to continue doing business as “normal”?

I asked the above question on Karen’s YouTube channel and she responded, “Because their charter was for unlimited duration.”

In further research, I found that in the McFadden Act of 1927, Congress rechartered the Federal Reserve Banks into perpetuity, and so there is currently no “expiration date” or repeal date for the Federal Reserve.

Another question that arises is why did the World Bank reinstitute Hudes after all of the turmoil she’s caused for them?

Also, with the rash of bankster suicides, why is she allowed to speak out and what is the overall agenda?

I messaged Karen on Facebook and asked her these questions. This was her response:

“Because the World Bank was dominated by the banking cartel, and the countries took back control. I am protected by the US military, who know I am cleaning the traitors from their ranks. The overall agenda is to avoid the bankster-caused WWIII.”

For those with their ears to the ground, you already know about current systems where we can all live in abundance and prosperity without the need for money, including the Ubuntu system and the Venus Project. What Hudes is proposing would simply be a short-term transition until all forms of money are eliminated because as long as there is money, we’re ALL financial slaves to a broken system.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.