OK, so here we have history in the making, and we're living through it (most people asleep, of course, never mind). Hitlery goes under the bus, just by exposing all of the filth that has enabled her and her husband to hold high office for a few decades.
Usual question: cui bono?
The International Banking Interests look to be taking the upper hand, and can now move forward with their global intentions: Trump in as President, steered (by his advisors, of course!) towards re-building the US and reducing US presence in the world, the subsequent reduction of NATO, a "much more stable multi-polar world".....
Yeah, right!
So, us grown ups can see the (pretty obvious) macro-managing of the global economy. The US elections are obviously theatre, the real movements have come in the financial world: the Chinese Yuan is now part of the IMF's SDR basket, reducing the British Pound and not the US Dollar (!), the big banking interests are pretty obviously controlling the 'Chinese' banks (even Prof Chossudovsky confirms this in his interview in my last post), and so we'll move towards:
* a consolidation of banking interests into five or six major banks (others will 'go bust/collapse');
* the disappearance of cash and cheque books "ooohh, terrorists, you see?";
* the morphing of bank buildings into cafés, shops etc - to be leased from the owners, bien sur!;
* the increase of local taxes etc, for Joe Public "to pay for all the re-building necessary";
* control of Politicians will continue unchanged, with a slow emergence of more 'honest' folk;
* long-hidden secret technology will be slowly released to heal the planet;
* the Bankers will disappear into the night, live from their rents, in their castles with the collective cry in case any fingers are pointed:
"What, what, we ain't done nuffink!"
Hats off, I suppose, for pulling it off. Pity about the bloodshed, and the superiority complex of this Tribe, which may - just may - come back to bite them.
Here’s where PoM’s thesis of the SDR provides the only plan I can see that makes sense of all this. If holders of sovereign debt are offered SDRs in exchange for that debt, they “cash out” of the debt without crashing any currencies. So the IMF buys Japanese debt, buys American debt, it buys British and Euro country debts, it buys Chinese debt and issues newly created SDRs. If done rapidly, the new currency regime basically solves the global debt crisis in one fell swoop. But more than that, with massive debts basically written off of sovereign balance sheets, it enables a massive wave of new debt issuance. Say what you will about whether debt is good or bad, one thing we know, when lots of new debt is being issued, it stimulates the economy.
The ONLY way to solve a debt crisis is to wipe away debts. This is done by bankruptcy or jubilee. The SDR thesis seems to suggest that a global debt jubilee is planned and positioned. But what, WHAT will be the catalyst? Something big has to happen to create the cover story, give rise to the demand for a solution (thesis, antithesis per prior PoM writing). Anyone have the inside scoop on what’s in the plans? Was 2008 a test-run?'
end
Me: My assertion years ago to JC that these were mostly odious debts was not accepted, but if you read 'Confessions of an Economic Hitman' you can quite plainly see how we got here. The SDR is just the latest scam which leaves sovereign nations as helpless as endebted people. The choice is: accept our offer or lose your house'.
Great choice!