NEWS AND VIEWS FROM THE NEFARIUM MAY 30 2019
May 30, 2019 / /
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Interesting and suggestive news out of Malaysia, which is proposing a gold-backed Asian "euro" for foreign trade, i.e., a two-tiered system:
Malaysia Proposes Common Asian Gold-Backed Currency
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The recently launched Italian monetary reform project. Article in English
If this idea suddenly starts to be floated by multiple countries in different regions (as seems to be the case) then it probably means that it is driven by a Hidden Hand (IMF, World Bank, BIS, the usual suspects?). I lump the crypto currencies into that category.
BTW, who cares that the currency is backed by gold?
When gold itself is totally manipulated?
This week, after the huge victory (34%) by the Italian League party in the EU Parliament elections (which also saw the rise of the Brexit party in the UK and Marine LePen’s getting more votes in France than globalist Macron), currency reform is again being discussed. The promoter of the initiative is League economist Claudio Borghi and Chairman of the Senate Finance Committee, long-time critic of central bank-imposed austerity, and now a multi-party initiative has been launched in the Italian Parliament.
The plan involves the issue of “mini Treasury Bills” directly by the State (known in Italian by the term “Minibot” from mini “Buoni Ordinari del Tesoro – BOT) for settlement of DOMESTIC debts and credits since the Eurocrats, like the Fed, create and distribute their money to banks and big corporations. These “minibots” will be paid out by the Treasury to settle tax rebates, and businesses and the public can in turn use them to settle their own tax payments. According to Borghi, they will also come in small denomination paper notes, i.e. a type of PARALLEL CURRENCY that will enter into ordinary domestic use and thus stimulate the economy.
This will represent a “two-tier” system, as long as the euro remains in place.
This instrument has been carefully crafted so as not violate “European rules” and the likely Berlin/bankster backlash will in any case be countered by the current anti-EU groundswell in many countries.
(I couldn’t view this video through the site window. HTML5 problem. I had to go to Youtube, download it with Video DownloadHelper, and view it on my computer with VLC.)
Dana, one of the reasons Greek economist Yanis Varoufakis posited for the failure of the Greeks under Alexis Tsipras to ‘budge’ the Troika was the lack of a separate Greek currency in advance of the negotiations. With their control of the Euro, the banksters could (and did) introduce a state of monetary panic at the common-citizen level to force a capitulation. Perhaps, Italy learned from this ‘mistake’ and is in the early stages of developing their own currency…
(Claudio Borghi might want to be a stay-at-home during these times…)
Yes, you’re absolutely right. Like one-world everything, it’s all about moving control away from the grass roots, depriving people of options.
During the euro crisis early in this decade, there were reliable reports that several eurozone countries had hurriedly printed their old currencies again as a contingency measure for use in the event of failure of the euro; but I don’t remember whether Italy was one of them. France and Germany I do remember.
For some months Jim Willie (golden-jackass dot com) has been discussing the use by China of gold-backed trade certicates for international settlements. Japan will not be far behind.
He’s been forecasting it for years. He’s also been forecasting a two-tier domestic/international dollar for the USA not unlike the arrangements being proposed by Mahatir, except (strangely!) without the gold backing! Such arrangements are not that uncommon. I seem to recall that apartheid South Africa had a two-tier rand for many years.
… settled in imports & exports[international].
… [in-like currencies(gold-backed)]?
But not used domestically
[which can be internationally manipulated.]
[but not in speculation/of the intl gold backed?]
[except though gold itself]?
More global experimentation coming?
Crypto’s, phone payments using 5G?,
wi-fi specialized frequencies, standardized bio-id payments, intl agreed upon currency sanctions, negative interest kicks in-beyond use-by date[like sell-by date],etc., etc.
This is all part of a long-standing plan backed by the IMF to create a global network of regional currencies as a stepping stone to one world currency based on the IMF’s Special Drawing Rights. For Asia, the Chiang Mai Initiative was launched in 2010 and the Asian Monetary Unit was proposed in Japan in January 2019. As with all complex proposals, it’s going through a number of iterations to accommodate changing times and needs.
The euro was the first of these regional stepping stones. With varying degrees of success, the IMF is also backing the formation of monetary unions in Africa, The Middle East and the Americas (and probably others).
Joseph I love that hat, what type of hat is it, what is it called ?/
I’ll have to get one of those.
Make Affekt Great Again??
(Torsion Inside) 😉