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LinkedInJoseph comments on developments at the BRICSA summit in Durban, South Africa and these articles: http://www.aljazeera.com/news/africa/2013/03/20133268641350653.html http://www.southafrica.info/about/science/satellite-270313.htm#.UVOZV1dc3qE%23ixzz2OnF5xGBo http://www.bloomberg.com/news/2013-03-25/brics-nations-plan-new-bank-to-bypass-world-bank-imf.html … [Read more...]
IMF: CHINA’S YUAN/REMINBI ON THE WAY TO BEING THE NEW RESERVE CURRENCY
February 7, 2013 By
Over the course of many blogs and News and Views from the NefariumsI have been urging that two countries to keep an eye on were Germany and China, not the least because of the close trading relationship between the two, and not least because of their respective geopolitical position. Similarly, I have urged that one keep a watchful eye on German-Russian developments, and on calls for replacements of the US dollar as a reserve currency by something else. Well, according to some, the something else may be on the way: RMB on way to becoming global reserve currency: IMF official Now while … [Read more...]
THE IMF’s “NEW”(OLD) PLAN: DEBT-FREE GOVERNMENT-ISSUED MONEY
November 12, 2012 By
In case you missed it, the IMF (International Monetary Fund), that wondrous shill of US foreign policy and financial imperialism, has a "new" plan that, on examination, is really a very old one: IMF's epic plan to conjure away debt and dethrone bankers Now, at one level, this would appear to be nothing but a scheme to return to the system as obtained originally in the thirteen American colonies, where each colony issued its own colonial paper scrip until the Bank of England stepped in and shut that down. So, on paper, the scheme looks good. But let's stop and consider: do we really … [Read more...]
THE ALCHEMICAL GOLD STANDARD
February 8, 2012 By
As you know by now, I am a subscriber to that wonderful electronic newsletter from Great Britain, The Daily Bell, and often write and comment about their articles here, and I had to say something about this one: A Gold Standard Is Good? We note of course the story we have covered here in previous blogs, namely, the move of the Asian powers - China, Russia, Japan, and India, and more recently, Iran, away from the dollar as their reserve currency, to direct currency exchanges, and not, according to The Daily Bell, rumors that they will also partially base their trade on gold. But there … [Read more...]
AB CHAO, ORDO: IMF WANTS WORLD BAILOUT OF EUROPE
December 23, 2011 By
If you haven't seen this one over at The Daily Bell, then you need to: Out of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe Note that this article, however, gives us a new player, the Vatican. The question we have to consider here, is why would the Vatican be involved in such a global government scheme? We need only consider some facts about the papacy's official teaching about itself. Consider only the symbolism of Pope John Paul II, always kissing the ground on his many travels overseas. Why the symbolism? Or for that matter, the traditional papal blessing urbi et … [Read more...]
IMF EXPANDS LENDING, CHINA TAPPED AGAIN
December 2, 2011 By
The folks at The Daily Bell have done it again, coming out with yet another article that requires a lot of reading between the lines, not the least of which is the article appears on the date of the anniversary of President Kennedy's assassination, perhaps a droll reminder of one of the pwoer blocs behind his murder: IMF Expands Lending Again Due to Phony Crisis There are a number of very interesting points in this article, and I'd like to draw your attention to them by highlighting three paragraphs, first, there is this one: "Those countries owe far more to the banks than the IMF can … [Read more...]
SETTING UP THE DOMINOES
September 26, 2011 By
Well the globaloney coming from the banksters and their political lackeys never ends, does it? Last Friday the Daily Bell ran this rather interesting article on the latest ploy, and China's continuing reluctance to enter into partnership with the kooky and corrupt London-New York crowd: New Crisis, New Currency? Well, so much is predictable. The banksters have been wanting to set up regional, and eventually, a uniform global, currency system ever since the idea of monetized debt functioning as money was a gleam on some Sumerian bankster's eye millennia ago. It's more of the same, folks, … [Read more...]