On the surface, the economic atmosphere has appeared rather calm and uneventful. Stocks are up, the dollar seems to be going strong, employment isn’t great but jobs aren’t collapsing into the void, at least not openly. Yet, peel away the thin veneer and a different financial horror show is revealed.
A collapse of the American system is not only expected by international financiers, but is in fact being engineered by them.
Employment has been boosted only in statistical presentation, not in reality, making it appear as though unemployment is going down. Stocks, Treasury bonds, and by extension the dollar, have enjoyed unprecedented crash protection due to a steady infusion of fiat money from the FED. However, with the advent of the “taper” quantitative easing (QE) is now swiftly coming to a close and is slated to end by this fall, if not sooner. With debt monetization no longer a useful tool in propping up the ailing economy, the FED is publicly stepping back, because if a collapse occurs while stimulus is in full swing, they will have to take full blame for the calamity while being forced to admit that central banking as a concept serves absolutely no meaningful purpose.
While many assume that the stimulus measures of the FED are driven by a desire to save our economy and currency, it is actually a concerted program of destabilization meant to bring about the eventual demise of our nation’s fiscal infrastructure. The FED is an entity created by globalists for globalists who have no loyalties to any one country or culture.
Along with the FED taper, China has cut back on purchases of US bonds, Russia has dumped one-fifth of its holdings, and there has been an overall decline in new purchases of US dollars for FOREX reserves. With the Ukraine crisis now escalating to fever pitch, BRIC nations are openly discussing the probability of “de-dollarization” in international summits, and the ultimate dumping of the dollar as the world reserve currency.
With the US in desperate need of a benefactor to purchase its ever rising debt, strangely enough, a buyer with apparently bottomless pockets has arrived. The buyer at first appeared to be the tiny nation of Belgium but then it was revealed that the buyer was Euroclear, a company based in Belgium. Euroclear is a facilitator, using what it calls a “collateral highway” to allow central and international banks to move vast amounts of securities around the world. It has financial relationships with more than 90% of the world’s central banks and was once partly owned and operated by 120 of the largest financial institutions but was consolidated and operated by none other than JP Morgan Bank in 1972. In 2000, it was officially incorporated and became its own entity. Euroclear also has a strong relationship with the Russian government and is their primary broker for debt to foreign nations.
Belgium is the political center of the EU, with more politicians, diplomats and lobbyists than D.C. It is also, despite its size and economic weakness, a member of the exclusive economic club called the Group of Ten (G10). The G10 has agreed to participate in a “General Arrangement to Borrow (GAB) launched in 1962 by the International Monetary Fund (IMF). GAB was designed as an every cycling fund which members pay into and in times of emergencies, members ask the IMF’s permission for a release of funds. If the IMF agrees, it then injects capital through Treasury purchases and SDR allocations. Is Belgium, as a member of G10 and the GAB agreements, being used as a proxy by the Bank of International Settlements and the International Monetary Fund to purchase US debt? And if so, are they doing so with the intention of using that debt purchase as leverage to unseat the dollar as the world’s reserve standard?
The Bretton Woods System, established in 1944, was used by the U.N. and participating governments to form international rules of economic conduct, including fixed rates for currencies, that is until its business dealings with the Nazis were exposed. The IMF was created during this period and it was the G10, backed by the IMF, that signed the Smithsonian Agreement in 1972 which ended fixed currencies, as well as any remnants of the gold standard, leading to the slow poison of monetary inflation which has now destroyed more than 98% of the dollar’s purchasing power.
Are we about to see a new Bretton Woods system reestablished in the wake of some engineered catastrophe and a reintroduction of the concept of fixed currencies? Will the fixed currencies then be “pegged” to the value of the SDR global basket rather than the dollar?
The SDR, “Special Drawing Right” is neither a currency, nor a claim on the IMF. It is rather a potential claim on the freely usable currencies of IMF members. SDR s can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The rate is calculated daily, by summing the values in U.S. dollars, based on market exchange rates of the dollar, the Euro, the Yen and the Pound Sterling, adjusted every five years, and the next adjustment takes place in 2015.
If the dollar is toppled as the world reserve, there will be nothing left in terms of economic structure in the way of a global currency system. America will experience an implosion of our debt markets and the annihilation of our way of life.
The IMF and the BIS would then achieve their dream – the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance, a world government.
There are those who will never accept that the world’s elite would want to destroy America and to those I can only say, get your head out of the sand. Use the brain God gave you. Whether the G10 takes us down or we just collapse under the weight of our unsustainable debt, our way of life will be no more. Federal agencies and local law enforcement are preparing for the chaos that will follow. Are you prepared?
Source: Who Is The New Secret Buyer of US Debt? By Brandon Smith
