It Is Mathematically Impossible To Pay Off All Of Our Debt
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IMF’s Big Currency Reset
By Dan Fournier
Although it’s been quite sporadic and off the radar, there has been talk that the IMF (International Monetary Fund) may introduce either the idea of having a new ‘Global Reserve Currency’ or actually launch it.
The IMF currently has a quasi-currency called an SDR (Special Drawing Rights). It’s essentially a weighted “basket” of currencies (mostly the U.S. dollar, the euro, the British pound, and the Japanese yen) bundled together into one SDR unit. The weighted distributions (i.e., the SDR currency value) are updated daily and can be seen the IMF’s website.
SDRs were essentially created back in the late 1960’s and early 1970s as an emergency response to the U.S. dollar crisis that was taking place when President Nixon took the U.S. off the gold standard. At the time, confidence in the dollar was eroding rapidly with the likes of France and Switzerland dumping their dollars for gold.
The IMF feared that a global liquidity crunch would ensue and thus decided to create the SDR “fiat” currency out of thin air (as do all central banks in the world with their paper monies). They hoped that the new monetary instrument would alleviate the problem, which it actually did.
Since history tends to repeat itself (“We learn from history that we learn nothing from history." – George Bernard Shaw), the IMF – which essentially acts as a global central bank – has been pondering a new [Ponzi?] scheme by which it can profit (by looting and plundering) from depressed countries’ financial mismanagement and misfortunes.
We needn’t look far back in the rear view mirror of history to have noticed the bailouts of the PIGS (Portugal, Italy, Greece, and Spain). The IMF has made substantial loans to these countries to bail them out of their excessive debt and deficit burdens, at a steep cost to their citizens of course.
We all heard of the nightmarish austerity terms that were shoved down Greece’s throat by the “Troika” (EU, ECB, & IMF) a few years back. To this day, Greece still needs to take that bitter medicine. Greece’s only chance at salvation would have been to drop out of the euro and return to their previous currency – the Drachma. Yet that could have caused a major calamity for the Eurozone since other countries in dire straits may have followed suit. They were told that it was absolutely out of the question.
Even worse, last year we got a taste of these organizations’ pure evilness when the EU and IMF packaged a “bail-in” (i.e., confiscation/theft of depositor funds of Cyprus’ citizens and businesses) deal back in April, 2013 to “ease” the country of its debts. Although this was touted as a “one-off” event by these global banksters, in fact it was a “test-run”, template, or model for future looting to come. Since then, many countries – including the U.S., Canada, Australia, New Zealand, etc. – have since introduced legislation allowing future bail-ins of their citizen’s bank accounts, much to the unawareness of its citizenry.
Which country will be next for the U.S. and IMF to plunder? My feeling is that at this juncture, it won’t be an individual country since the world is starting to catch on. Rather, it will be a more sneaky and indirect form of theft and plundering – via the proposed new Global Reserve Currency, "Blockchain".
But why do it now?
By Greg Hunter
EDITORS NOTE: Corrupt governments around the world are carrying enormous debt that they can not ever hope to pay off, America included. The solution being sold the whole world over is cryptocurrency and this is how it is being sold to you:
“We are not at a period of time where we are valuing one store of wealth, Bitcoin against a store of debt, the dollar. We are, instead, looking at an episode of hyperinflation. It is an episode where a great many people lose faith in the dollar, and they rush into Bitcoin and other crypto currencies. . . . There are people coming in and out of the crypto space based on the degrading levels of confidence in the U.S. dollar. So, we are at a global currency reset at this point. There will be no Bretton Woods conference. There will be no G-7 central bank meeting that will be meaningful because these individuals are behind the curve. The curve is being led by all the people as they lose confidence in all of the fiat currencies. . . . We have demonstrable proof that the managers of the dollar are very bad at it. Lots of people understand this, and they want out of the dollar and into something else.”
On charges things like Bitcoin are nothing more than a Ponzi scheme, High rebuts, “We are at a flux point where one system is dying off and we are just about to head into the other one. As we go into that transition, this point of time we are in right now is where all of this is coming up, all the froth, all of the corruption globally, because we can’t pay for it any more with dying dollars. You can’t bribe people with dying dollars. We have to have good solid money, and we are developing it on our own because the sovereigns failed us. When the sovereigns failed to supply wheat, then the French Revolution happened and off with their heads. We can’t take being starved by a bunch of butt heads at the top. “We the People” can tolerate a great deal, but the body politic is self-correcting. . . . In this case, we have decided the butt heads in charge of the Fed and body politic have to go because those guys are just too corrupt, too criminal, and they are in our way. . . . Both the dollar and the banks are doomed, and I am not messing with those.”
Economic Collapse and the Digitization Of All Trade
By Brandon Smith Alt-Market
Despite all the failings and control mechanisms involved in fiat money, there are still worse systems to be had. Last month more than 100 executives from the world’s largest financial institutions met privately at the Times Square office of Nasdaq Inc. to discuss the future of money; more specifically a software apparatus called “Blockchain.” The goal is to implement Blockchain as a medium to fully digitize monetary transactions around the world and in a way that is traceable and foolproof. In other words, the goal is put an end to all transactions involving physical cash.
The establishment of a cashless society would mark the end of all privacy in trade. Even supposedly anti-centralization digital currencies like Bitcoin are hindered by the blockchain feature, which requires the tracking of ALL transactions in order for the currency to function. While methods for anonymity could be argued, the fact of the matter is, digital currency by its very nature is a destroyer of the truly private trade offered by cash and barter. When all trade is tracked, and all savings digitized, whoever owns the keys to the core of the blockchain will have the power to wreak havoc on the life of any participant at will.
To be sure, the “blockchain” that the elites have in mind will never allow for anonymous transactions, because digital currency is not about anonymity or “convenience,” it is about control.
Read more: http://www.copsrcorrupt.com/economic-collapse-and-the-digitization-of-all-trade-.html
The Secret Global Reset Agreement
By Preston James, Ph.D VeteransToday
By now it has become clear to most VT readers that ISIS was created and trained, and is now supplied and paid by a secret coalition of nations including America, Israel, Saudi Arabia, Turkey and other smaller but real players.
ISIS is a CIA Death Squad
Read more: http://www.copsrcorrupt.com/isis-is-a-cia-death-squad.html
ISIS wounded in battle have been taken to Israel for treatment and some picked up by American military helicopters.
The current head of the Senate Military Affairs Committee, Senator John McCain has been deeply involved in the creation of ISIS and has worked closely with a certain retired American general who is now in a Mideast nation functioning as the Commander of ISIS.
And we know that the real purpose of ISIS has been to destabilize the Mideast, Balkanize Syria and Iran and now Europe with massive immigration. But it was created also to protect the business interests in Israel related to new massive Golan Heights oil finds and a new planned pipeline to supply oil and gas to Europe.
We know that another reason for the hiring and deployment of the mercenaries in order to create ISIS was to assist NATO in isolating and weakening the Russian Republic in order to protect Big Oil’s interests. But it is also part of plan to once again destroy Russia.
ISIS has also been created and deployed to help maintain the economic hegemony of the West which has been dwindling under Russian Federation growth and increasing economic and military might. It turns out that these Mideast wars and terrorism are always linked to Big Oil and manipulating it’s pricing for profits.
The Military Industrial Complex has hoped against hope it could provoke the Russian Federation and America into a full scale nuclear WW3 which could then put them back on top again.
It has been using NATO and the US Military in an attempt to surround the Russian Federation which is a violation of the Agreement of Cooperation signed between the USA and the New Russian Federation at the end of the Cold War.
A main condition of this Agreement is that neither party the USA or the Russian Federation infiltrate any nation touching their borders anywhere.
So far this strategy by the West to weaken the Russian Federation is failing and that is unlikely to change.
But there is another even more important reason for ISIS. That is to create temporary financing for the Western US Petro dollar sinking ship.
This is based on the stolen Iraq and Syrian crude which ISIS has been trucking through Turkey and shipping a substantial amount to Israel at a big discount. Read more: http://www.copsrcorrupt.com/isis-is-a-cia-death-squad.html
These revenues along with the Afghani opium revenues have kept the large Western banks afloat.
Now here is a simple fact that is hard to comprehend for most.
The main reasons for all the Mideast wars starting with GHWB and proceeding to the present have been to prop up the West’s failing economic system as a stop gap effort.
Wars and the illegal narcotics trade is so lucrative and so important that without these dollars, the largest Wall Street banks and the whole Western private central banking system would collapse and so would the behemoth, the American Defense Industry.
Yes, war and drugs are all about propping up a failing system and capturing as much wealth as possible.
They want to capture as much wealth as they can when the new World Financial System is rolled out whatever it will be, electronic or a new basket of world currencies or both.
The folks that really run America are those foreign based “bloodline” families that infiltrated and hijacked America in 1913 through the private illegal UnConstitutional Federal Reserve System (FRS).
These western leaders who sit at the top of the pyramid of world power instructed the Saudis to lower their price of oil. This was planned to sanction Putin for Snowden and for supporting the Russian Federation’s good long term allies Syria and Iran and bring the Russian federation to its knees.
This was meant to disable the Russian Federation economically especially when added on top of the US led staged Coup d'état in the Ukraine. The USG used 5 Billion US taxpayer dollars to pay for this act of war against the Ukrainians.
This payment and the coup itself was backed by the USG and run by Assistant Secretary of State Dual Citizen Zio traitor, the treasonous Victoria Nuland.
Once again President Putin showed the presence of his superior Intel collection and beat them to the punch.
No matter how how the West has tried to provoke Putin and the Russian Federation into a major WW3, so far he has craftily sidestepped it and responded wisely to the core issues one by one without being unduly provoked.
The Secret Reset is negotiated:
During the year 2013, G20 met three times, once in Moscow (February) and twice in DC (April and October).
The second meeting in DC in April was part of a meeting with the IMF and World Bank. During these particular meetings it is strongly suspected that an apparent secret agreement was made based on a recognition that the private fiat banking system is unsustainable. We know the agreement was made but the exact date has not been confirmed.
As this Secret Reset is rolled out the first thing we are likely to see is imported goods rising significantly. The standard of living in America is likely to drop to the level of Mexico. Some have predicted extreme social unrest in the urban centers of Europe and America, even perhaps the whole world.
They believe that since they engineered the crash and the reset they will also control the outcome. As citizens become desperat for basic necessities fascism will be openly accepted and even demanded. And that is how the people who caused this crisis will remain in control of America and the world.
Read more: http://www.copsrcorrupt.com/economic-collapse-and-the-digitization-of-all-trade-.html
WARNING from the Underground
By Christopher R Rice
I want to start off by telling you that I do not benefit in any way from the information that I am about to share with you. I have no advertisers and nothing to sell you. I also do not have any axes to grind. This information is not designed to hurt anyone. Because if I'm wrong or if I'm right the losers and the winners are still the same.
Now that I have cleared the air let me start by telling you what I know and then we can go from there.
Stock market crash before Feb. 2018 followed by limited nuclear war with Russia, China, Iran, Syria and North Korea.
As a writer I have developed my own sources that I will not divulge but I will give plenty of links below for further reading to back up my claims.
If you are broke and poor like myself there is not much that you can do (accept horde food/water). I do not have links to any survival gear or gold/silver sellers. If you are middle-class or own stocks I'd suggest selling those stocks and buying oil. There may be a glut of crude on the market today but once the nukes start falling that will change quickly.
If you are a low level worker in the oil industry you could help sabotage the war. No oil, no war. That is the only thing that we have to stop this.
If I'm right and you see the stock market crashing you won't have much time, get to your bank quickly before they close their doors and never open again.
As I said previously if I'm wrong, what will anyone lose? I'm not suggesting anyone do anything unless the stock market collapses than you will know that I am right and our time is short.
Pass this information to the people that you care about. This information is not meant to scare but to prepare. Get prepared. I've re-created the Underground (Railroad) at http://www.copsrcorrupt.com/
I honestly hope that I am wrong and you do not need this information but if I'm right, you can thank me later. Here's to hoping I'm wrong.