Loading ...December 12, 2014 JC Collins 25 Comments
“The year is coming to an end and as expected the 2010 IMF Quota and Governance Reforms have not been passed through the US Congress. True to her word, Christine Lagarde has been quick to respond to the lack of movement on the reforms and has issued a press release.
Things will now begin to escalate across a broad spectrum, with instability in the USD expanding and global stock markets adjusting dramatically. We can also likely expect increases in the valuations of gold as the liquidity crisis deepens and global money seeks liquidity outside of the dollar. The propaganda promoting US instability will increase internationally and the script stating alternative sources of liquidity must be utilized will begin to be distributed to global media outlets.”
http://philosophyofmetrics.com/2014/12/12/imf-and-g20-moving-forward-on-plan-b/
This and other articles on the above website contain some excellent analysis about what is currently happening in the IMF and how restructuring will impact the U.S.
Congress did not pass the IMF reforms by the deadline, but they did implement the new “bail-in” plan for the derivatives meltdown, so they are prepared for the inevitable dislocations which will occur as a result of the moneychangers shifting our global system from the reserve dollar to the SDR reserve. This shift will now take place despite the U.S., by the means of “Plan B” and will mean that the U.S. loses it’s veto vote, which possibly was the plan all along. As the reserve currency shift takes place, American culture will shift correspondingly, and not for the better.
Comments at the above site are also quite good.
Highly recommended Sunday reading:
http://philosophyofmetrics.com/2014/12/03/the-implosion-of-american-culture/
and
http://philosophyofmetrics.com/2014/12/10/the-barbarians-at-the-gate/