Observe the “Good East vs. Bad West” dialectic propaganda surrounding the New Development Bank (the NDB / “BRICS Bank”)…

As this RT article demonstrates, both Western and Eastern mainstream and alternative media sources are attempting to sell us the idea that the NDB is being developed as an alternative to the UN’s World Bank and IMF, and that it is part of the larger conflict between East and West. But as I’ve gone to great pains to document in my NWO section, this conflict is phony and is being staged as a public relations maneuver to get the public to accept the New World Order.

Beyond this made-for-public-consumption pabulum surrounding the establishment of the New Development Bank, though, is the reality being discussed in the globalists’ own policy papers. And that reality is that the NDB is just another plug-and-play addition to the constellation of multilateral international institutions that constitute the Rockefeller-planned NWO. To show you this is so, allow me to take you on a guided tour of this March 2014 document from the United Nations Conference on Trade and Development…

As the title indicates, this paper enthusiastically supports the establishment of the NDB despite the fact that it comes from the United Nations (of which the World Bank and the IMF are components). In fact, if we look to the paper’s table of contents…

…we see how it talks about the NDB filling gaps in the globalists’ “southern financial architecture” and providing investment for “infrastructure and more sustainable development needs in the emerging and developing countries.” It also talks about how the NDB will link-in with other multilateral, regional, and national development banks (the financial side of the NWO).

If there were an actual conflict between the BRICS and the “Western-led” (as RT puts it) financial institutions, you’d expect a UN paper to whine about the NDB, not promote it. Isn’t that so? They would be complaining about the “divisive agenda” of the NDB instead of talking about how well it will fit in. Obviously, there is no real conflict; there is only the illusion of conflict being propagated in the media.

Proceeding to the paper’s abstract on page 1…

…we see that it talks about how the NDB will play a “complementary role” (NOT a conflicting role) with existing development banks. And it mentions the NDB’s “importance for enhancing the influence of BRICS and other developing countries in the international development architecture.” In unspun words, forming the NDB is an important step in drawing the developing countries into the globalists’ multilateral spider web.

Let’s continue into the introduction on page 1…

This passage reiterates that the NDB will be “a complement, not a substitute, for existing financial institutions” and that it will supposedly help give the developing nations a “voice” (by bringing them into the NWO system where they can moan under the weight of brand new debt). It also offers the globalist rationale for creating the NDB…

On the one hand, you have developing countries like China who have lots of extra cash, and on the other, you have other developing countries which are short on cash. The NDB brings those two hands together within a multilateral framework. The multilateral framework ensures that all nations involved cede key aspects of their national economic sovereignty to the supranational institution. Whether a nation joins a supranational development bank or merely borrows from one, there are rules that must be followed, and those rules tie the hands of the national governments.

As to the broader strategy behind the globalists’ creation of the NDB, the fact that it will appear to be “BRICS-owned” makes it easier for governments to justify going into debt. A population that might be resistant to their government borrowing money from “Western imperialist” institutions like the World Bank or IMF might be less hesitant about borrowing from the BRICS “freedom fighters.” Their government can say, “We’re borrowing this money from the good guys, not the bad guys, so we don’t have to worry.” Since all these international institutions are run by the Occulted Powers from behind the scenes, though, they will still be borrowing from the same people. Instead of borrowing from the globalist left hand, they’ll be borrowing from the globalist right hand. It will be no different than what has gone on before.

Going into page 2…

…we see that the “Western-led” UN complex finds the creation of the NDB “very welcome.” And we see the BRICS leaders also stating that the NDB is intended “to supplement the existing efforts of multilateral and regional financial institutions for global growth and development.”

[17B]

Going on to Section II, “EXISTING GAPS IN THE SOUTHERN FINANCIAL ARCHITECTURE,” the paper identifies two needs vis-a-vis the southern financial architecture:

1) the need for money to fund “more sustainable” development (think Agenda 21), and
2) the need for a pool of cash to draw upon during times of crisis.

It then establishes the need for the pool of cash based on negative effects Federal Reserve monetary policy has had on the developing nations, and it points to a previous, similar effort to provide such a pool, the Chang Mai Initiative…

“The Chiang Mai Initiative (CMI) is a multilateral currency swap arrangement among the ten members of the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (including Hong Kong), Japan, and South Korea. It draws from a foreign exchange reserves pool worth US$120 billion and was launched on 24 March 2010. That pool has been expanded to $240 billion in 2012.

The initiative began as a series of bilateral swap arrangements after the ASEAN Plus Three countries met on 6 May 2000 in Chiang Mai, Thailand, at an annual meeting of the Asian Development Bank. After 1997 Asian Financial Crisis, member countries started this initiative to manage regional short-term liquidity problems and to facilitate the work of other international financial arrangements and organisations like International Monetary Fund.”

If we look back at the Asian Financial Crisis, we see evidence that the globalists instigated it…

“The foreign ministers of the 10 ASEAN countries believed that the well co-ordinated manipulation of their currencies was a deliberate attempt to destabilize the ASEAN economies. Former Malaysian Prime Minister Mahathir Mohamad accused George Soros of ruining Malaysia’s economy with “massive currency speculation”. Soros claims to have been a buyer of the ringgit during its fall, having sold it short in 1997.”

…and then used it to pull the Asian nations into a multilateral framework with the Chiang Mai Initiative…

…Problem / reaction / solution strikes again.

Continuing on with Section II, the paper points out that the “Chiang Mai Initiative Multilateralization (CMIM)” has a provision that requires the member nations to seek IMF approval if they wish to access the majority of the available funds, and it goes on to explain that the BRICS Bank’s Contingent Reserve Agreement (the BRICS version of the “pool of cash”) would have the benefit of not requiring such approval. This raises an obvious question: why would a UN paper be lauding such a feature?

The answer, of course, is that such an arrangement is necessary in order to carry out the globalists’ “governance reform” script. When the next “Lehman Shock” is triggered, the BRICS will be able to stand on their own feet and weather the storm while the West and the IMF flounder. This will put them in position to step up and “save” the West and the IMF in exchange for “reforms.” In this way, the NWO will rise like a phoenix from the ashes of the next Lehman.

[Like all globalist policy documents, this one is written in insufferably dull “Technocratese,” so I know most people won’t go to the trouble of plodding through the whole thing. I’ll therefore cover the rest of the paper’s salient points in additions I’ll make to this entry over the next day or two. As I add each module, I’ll change the title of this entry to “Update 17B, 17C, etc.” until it is complete. You’ll know it’s finished when I drop the letter and title it simply “Update 17.”]

For the previous updates in this series, click here.

With love…

Let’s revisit a quote from a 2009 FT interview of George Soros…

“…you really need to bring China into the creation of a new world order — financial world order. They are kind of reluctant members of the IMF. They play along, but they don’t make much of a contribution because it’s not their institution… I think you need a New World Order that China has to be part of the process of creating it, and they have to buy in. They have to own it the same way as I said the United States owns… the current order.”

It is important to realize that this concept of drawing a nation into the New World Order by letting them help build it and giving them “ownership” of it is not limited to just China and the International Monetary Fund; it applies to all of the BRICS nations and the entire United Nations complex. How do you get the traditionally oppressed nations of the world to enter a global government built by their oppressors? You bring them into the planning and construction of it and you hand them a set of keys.

As I’ve documented in previous entries, the propaganda coming out of the Chinese government unequivocally supports an overhauled UN as the core of a new world order (just like the Rockefellers planned)…

…and this “governance reform” overhaul extends beyond just the IMF and the World Bank Group to include the UN political body as well, especially the UN Security Council (UNSC).

Once we reach the Transition Point in which another Lehman-type crisis is staged and the dollar is taken down as the main global reserve currency, many (if not all) of the BRICS currencies will be added to the IMF’s Special Drawing Rights currency basket, and many (if not all) of the BRICS nations will take seats as permanent members of the UNSC.

These are the current permanent members of the Security Council (click on the image to enlarge)…

…and there are two things about this that should be noted…

1) Notice how China’s seat in the UN was taken away from the Taiwanese government and given to the mainland communist government in 1971. This occurred when the globalists began to integrate China into the developing New World Order structure:

> July 9-11, 1971 – Henry Kissinger, who led the late-1950’s Rockefeller project (the Special Studies Project) that planned the implementation of the New World Order, made a secret visit to China to tell the Chinese government “it’s time.”

> July 15, 1971 – Richard Nixon announced that he would be visiting mainland China.

> July 15, 1971 – “17 UN members requested that a question of the ‘Restoration of the lawful rights of the People’s Republic of China in the United Nations’ be placed on the provisional agenda of the twenty-sixth session of the UN General Assembly.” – from Wikipedia.

> October 25, 1971 – United Nations General Assembly Resolution 2758 is adopted, and the People’s Republic of China replaced the Republic of China as China’s UN representative.

So Kissinger’s first visit was the moment the “dragon phoenix” began to rise from the ashes of the Illuminati-sponsored Cultural Revolution in China (see the middle of this entry for more details on this), and 1971 was the year that China began its long journey into the NWO.

2) Notice that the UNSC has 3 permanent members from the West and 2 permanent members from the East. This creates the impression that the Security Council is dominated by the Western allies. Once additional BRICS representatives are added as permanent members, there will likely be more from the BRICS alliance than from the Western alliance, thus creating the impression that the UNSC is dominated by the BRICS allies. The BRICS will then be seen to “own” the UN in the public eye.

Over the past few years, the globalists have been laying the propaganda groundwork for exactly this sort of Security Council “reform.” Here is what the Chinese have to say on the subject…

…which is supported by similar language being circulated about the three BRICS members which currently lack permanent seats on the UNSC:

1-2) Brazil and India are widely mentioned as candidates for permanent seats for the reasons mentioned by this United Nations Foundation webpage…

>>> Membership Reform
There have been frequent calls to reform the membership of the UN Security Council, most of which include accepting Japan, Germany, India, and Brazil (known as the G4) as permanent members. Japan and Germany are the second and third largest contributors to the UN budget respectively. India is a nuclear power, the world’s largest democracy, and the second most populous nation. Brazil is the largest, most populous, and most prosperous nation in Latin America. The United Kingdom, France, and Russia are said to support permanent G4 membership on the Security Council. The Bush Administration has said that it supports Japan’s bid.

In addition to the proposal to make the G4 permanent members of the Security Council, there have been several other proposals floated by various groups and individual countries, none of which have met with positive response from the Security Council. <<<

The response mentioned by the last sentence will change once the BRICS step forward to “save the international system,” which will likely open the way for South Africa. And China is already openly supporting India’s bid…

3) South Africa – In this UN press release, we see the unfolding of the Rockefeller-sponsored “regional institutions under UN guidance” NWO model, as well as the call for reform of the UNSC to give Africa a voice…

>>> “We feel that the voice of Africa was, to a large extent, heard,” said Baso Sangqu, briefing on his country’s two years on the 15-member organ.  South Africa had been able to build upon the experience gained during its 2007-2008 term on the Council, and had contributed to resolving the many prevailing international peace and security challenges.  Among its main aims, it had worked to confront lingering, new and emerging conflicts around the world, and had worked to forge a stronger relationship between the Peace and Security Council of the African Union and the United Nations Security Council…

Indeed, the role of the African Union Peace and Security Council must always be considered when tackling conflicts on the African continent, he reiterated.  To that end, Security Council resolution 2033 (2012) laid the framework for further cooperation between the regional body and the United Nations Security Council, and would remain an effective bridge between the two organs going forward…

Asked about the number of African countries seeking a seat on the Security Council and his country’s position on the need to reform it, he stressed that the organ “desperately needs to be reformed”, adding that South Africa subscribed fully to the proposal that African States hold both permanent and non-permanent membership.  Once that change was made, the African Union would decide which countries would represent it, he said, noting that South Africa was an aspiring permanent member. <<<

In pondering the BRICS push for “governance reform” of the UN complex, it is important to remember that the BRICS alliance is a controlled opposition front erected by the Western globalists. To understand this is so, all that’s needed is a little common sense and a knowledge of three basic facts…

1) The G7 created the G20 back in 1999 and specifically included Brazil, Russia, India, China, and South Africa in order to formally bring them into the process of building the NWO (in the manner described by George Soros). – see Update 2 of this entry.

2) Goldman Sachs coined the term BRIC in 2001 with a paper that introduced the public to the concept of Brazil, Russia, India and China being an emerging economic bloc. – see this entry.

3) The BRIC nations never actually met as a group until 2006, when they met on the sidelines of the UN General Assembly. – see Update 2 of this entry.

Observing these three facts, it is abundantly clear that the BRICS alliance was fashioned by the Western globalists. The West brought the BRICS into the global economic governance system back in 1999, the West gave them a name and introduced the idea of them becoming a bloc back in 2001, and the BRIC nations accommodated the West by forming the bloc in 2006, just before the 2007-2009 economic crisis hit. They then held their first BRIC Summit right after the effects of the Lehman Shock eased in 2009, which was the same year that the BRIC-inclusive G20 formally supplanted the G7 as the world’s “permanent council for international economic cooperation.”

Since the G20 nations are all run by politicians owned by the same International Banking Cabal, getting them to form the NWO is something that could be done at any time. It takes more than simply getting the “leaders” to vote for it, though; the general population of these nations must follow their leaders into the new system, and this is what the BRICS alliance is all about. It is an exercise in public relations.

As I mentioned in a previous entry, the BRICS alliance “gives form to the dialectic clash between Anglo-American bankers and BRICS bankers which will birth the NWO.” The BRICS concept gives the people of the traditionally oppressed nations the illusion that they have formed a mighty alliance which will take over the global governance system from the imperialist West, and the perception that they have triumphed and taken over is supposed to lead to their enthusiastic embrace of the NWO system. But alas, it is all a scam.

The first step of our emergence from bankster control is to see the BRICS and the UN for what they are, then we can focus on building Our World Order. We must reject the false savior in order to accept responsibility for being our own saviors.

Much love…

A truly better future starts with better choices…

When you pursue the truth, you sometimes come across information that you really wish wasn’t true, even though you know it is. And after being programmed for many years to see Ron Paul as a hero and Austrian economics as an economic panacea, it appears that many are feeling discomfort from being told it was all part of the bankster plan. In fact, one reader has challenged me to prove my observations about Paul and the Austrian school. In response to this challenge, I can say only one thing: as you wish. 🙂 Since providing more supporting evidence will require a lot of extra effort on my part, though, I ask this of you in return: please set aside your emotional attachments to Paul and Mises and follow wherever the evidence leads. You cannot learn and grow if you let your emotions tether you to fixed ideas.

As I began my research for “Project Paul,” I quickly realized that I’m not the first to see Ron Paul and Austrian economics for what they are. I ran across an intriguing article from Anthony Migchels called How the Money Power created Libertarianism and Austrian Economics. Although I’m still in the process of exploring and vetting the article’s information, here are a couple of interesting passages worth sharing…

1) >>> Fred Koch founded the John Birch Society in 1958. Ed Griffin was educated there. He later wrote a famous book, “the Creature of Jekyll Island”. This was a rehash of Eustace Mullins’ brilliant ‘Secrets of the Federal Reserve’, with one exception: it left out all Mullins’ analysis of the Gold Standard as a Banker operation and how Britain’s demand for taxes payed in Gold were the cause of the war of Independence. Instead it called for the reinstatement of a Gold Standard. This is a key part of the story how Austrian Economics managed to take over the ‘Truth Movement’. <<<

If we look back at the two books, Mullins’ works on the Federal Reserve were published in 1952 (Mullins on the Federal Reserve) and 1983 (Secrets of the Federal Reserve). Griffin’s works came in 1993 and 1994 with first a movie, then a book, called The Creature from Jekyll Island. Given Griffin’s connection to the John Birch Society and the Kochs, it makes sense that his work was meant to co-opt Mullins’ work. If we look at Griffin’s background, we see this…

>>> Griffin was born in Detroit, Michigan, on November 7, 1931, and became a child voice actor on local radio from 1942 to 1947. He later emceed at WJR (CBS), and continued as an assistant announcer at the public radio station WUOM. He earned his bachelor’s degree from the University of Michigan in Ann Arbor in 1953, majoring in speech and communications. In 1954, he served in the United States Army, and in 1956 was discharged as a sergeant. Griffin worked as a writer for Curtis LeMay [firebomber of Japan’s cities], vice presidential running mate for George Wallace during his 1968 presidential campaign. Shortly thereafter, he began writing and producing documentary-style videos about the same controversial topics covered in his books, such as cancer, the historicity of Noah’s Ark, the Federal Reserve System, the Supreme Court of the United States, terrorism, subversion, and foreign policy. <<<

With his background as a voice actor working for Establishment media and his training in speech and communications, he would be a suitable choice for a faux-truther talking head, wouldn’t he? This is all part of the way the Illuminati work: through “philanthropic” foundations and direct giving, they fund think tanks, societies, movements and talking heads which indoctrinate the public in their various “isms,” such as communism (on the “political left”) and libertarianism (on the “political right”). They then work their dialectics using the two sides they created.

2) >>> David Rockefeller himself was quoted as saying: “Finally, in his most surprising statement, he revealed he considers himself a follower of the Austrian school of economics. Friedrich Hayek had been his tutor at the London School of Economics in the 1930s.” <<<

Clicking on the link Migchels provided with this quote, I was led to a website belonging to Mark Skousen…

Austrian economist Skousen has an even more Establishment background than G. Edward Griffin…

>>> Skousen was an economic analyst for the CIA from 1972 to 1975. He later worked as a consultant for IBM and Hutchinson Technology, and other companies. He was a columnist for Forbes magazine from 1997 to 2001, and has contributed articles to The Wall Street Journal as well as to various libertarian periodicals. He has been a speaker at investment conferences and has lectured for think tanks. From 2008-2010 he was a weekly contributor on CNBC’s Kudlow & Company and has also appeared on C-SPAN Book TV and Fox News. <<<

…and the Migchels link led to this specific article of his…

Note the passage that mentions “the new global free market economy of the 1990s and beyond.” This gives a description of exactly what the globalists have been building with the New World Order, and if you think about it, Austrian economics is the perfect economic theory to underlie such a system.

As for the second passage I highlighted, it clearly establishes that David Rockefeller is a Mises devotee, and has been since he studied at the London School of Economics. If you know anything about the London School, you’ll know that it was founded by the Fabian Society, which is socialist. Seeing this, unawakened people might wonder how someone can go to a socialist economic school and emerge a libertarian, but if you realize that the London School is an Establishment institution tasked with upholding their dialectic strategy, it’s easy to understand. Both the “left wing” and the “right wing” are attached to the same demon.

To add one more tidbit on how far back the connection between Ludwig von Mises and the Rockefellers goes, have a look at this passage from page 144 of an economics reference text titled the Elgar Companion to Hayekian Economics…

There can be no mistake about who is behind the promotion of Austrian economics, but I will continue to write more on the subject nonetheless.

For the previous updates in this series, click here.

With love…

[Update 12 – 25 January 2015]

How would you like a mouthful of Ayds?…

…Probably about as much as you want to be financially ruled by the IMF and the BIS, and the globalists know this.

When I was young, I remember seeing commercials for the weight loss chews pictured above. Their Wikipedia entry tells what happened to them…

“Ayds (pronounced as “aids”) was an appetite-suppressant candy which enjoyed strong sales in the 1970s and early 1980s…

By the mid-1980s, public awareness of the disease AIDS caused problems for the brand due to the phonetic similarity of names. While initially sales were not affected, by 1988 the chair of Dep Corporation announced that the company was seeking a new name because sales had dropped as much as 50% due to publicity about the disease. While the product’s name was changed to Diet Ayds (Aydslim in Britain), it was eventually withdrawn from the market.”

As you can imagine, the public formed negative associations with the name of the product, so the manufacturer recognized the need to change it. The problem was that they didn’t change it enough to get rid of the bad associations. As we head into the public debut of the multilateral / multipolar New World Order, it’s important to note that many of the globalist brands (such as the IMF and the Bank for International Settlements) have also garnered negative associations, so don’t be surprised if they move their offices and change their nameplates when the system resets.

If we look back to the 1988 Economist article “Get ready for the phoenix,” we see that it hints at the replacement of the existing IMF brand with something new…

So what will be the name of the new world central bank? They probably won’t call it “The Illuminati Central Bank” because they’ll want to avoid using words in the name that have bad associations in the public consciousness. Words like “global(ist),” “bank,” “central bank,” “authority,” etc. will likely be omitted and benign-sounding words will be used instead. The name might be “The New Monetary Council” or something along those lines.

As for other globalist entities, the Bank for International Settlements might be renamed something like “The Financial Coordination Council” and the UN’s World Bank might be folded into the BRICS-founded “New Development Bank” (which might explain why they left “BRICS” out of the name). If you think about it, how hard is it for the globalists to take the BIS and World Bank coversheets off of their reports and planning documents and replace them with new FCC and NDB coversheets? Not hard at all.

The replacement of tainted existing brands by fresh new brands extends beyond globalist organizations of course; it includes political figures as well. Many of the leaders people associate with the current crises (the scapegoats) will be swept aside by “heroic” controlled opposition figures who “saw it all coming” and could have prevented it “if only we’d had the power.”

As I’ve shown in previous entries, the globalists seem to be positioning the “right wing dissenters” to take the political stage after the transition. This is symbolically appropriate given the whole Left Hand/Right Hand approach of the “elite.” They use the Left Hand to cause chaos and destruction and the Right Hand to bring about order and construction. It is for this reason that they’ve carefully built-up a public image of foresighted/conscientious dissent for “right wing” figures like Marine Le Pen, Nigel Farage, Ron Paul, Rand Paul, and Ted Cruz. They have also done this for “left-winger” Elizabeth Warren, so she must have some role to play in bringing the “political left” into the fold after the transition.

All this being said, we are heading into the biggest mind f*ck that has ever been foisted upon the human race. The “elite” will be “changing the guard,” so expect them to make a big show of…

> “taking down the wrongdoers” (like they are in China right now). In reality, though, they are not taking down the corrupt; they are merely disposing of those who have outlived their usefulness or who “know where the bodies are buried.”

They might even make a show of scapegoating certain Western “elite” families that have become tainted in the public eye (such as the Rothschilds and the Rockefellers), but no real harm will come to them. That’s why disinfo agents like David Wilcock and Benjamin Fulford tell sob stories about how the Illuminati were abused as children (“so they shouldn’t be blamed for doing things they didn’t really want to do”) and suggest that the Illuminati face “truth and reconciliation commissions” rather than punitive criminal courts. The “elite” don’t mind having some of their Family members wear dark hats and play the fall guy, but they don’t want their Bloodline brethren actually harmed.

> “replacing corrupt institutions” (like I’ve explained in this entry). In reality, though, they’ll simply be moving their operations from one shell to another…

> and “building a fair economic system based on sound money.” In reality, though, you’ll find the asset/commodity backing of the new currencies to be more theoretical than actual, especially when it comes to “elite”-coveted gold.

According to a Chatham House (the Royal Institute of International Affairs, a globalist think tank / propaganda center) paper titled Adding Gold into the Valuation of the SDR, these are some methods the banksters might use to keep the gold securely in their hands…

…So good luck trying to trade an SDR or national treasury note for physical gold.

Like I’ve said many times before, any global solution to our problems is a globalist solution. There is no other group of people who have the organization and power to erect a global solution at this time. So no matter what they call the new institutions or who they say are behind them, just look at what the institutions actually do. If they centralize power over your life at the global level, they are your enemies, no matter how nicely they might treat you at first.

And with that, I’ll call it a day. For the previous updates in this series, click here. To see all the updates, visit the Globalist Agenda Watch category.

Love always…

Given all the things the globalists set in motion in the final few months of last year, as well as all the preparatory propaganda they laid down in December, I’ll be going to an event watch format so I can be more agile in keeping up with them. For today, I thought I’d share a preface Brandon Smith wrote for an article over on Alt-Market.com…

Brandon is one of the few (if not the only) financial writers out there who… A) get it, and B) have the guts to write about it. Not only is he dead-on about the BIS playing the wise man to the national central banks’ fool, but the BIS is also chiming in on the “strong dollar” as well. Just have a look at what I got when I did a Google News search on the terms “BIS warns”:

…and this is just the top part of the first page of results. They are setting themselves up to be the wise supranational institution that “saw it all coming” and could have prevented it “if only we’d had the power to rein in the national central banks.”

As you look upon the search results, note how they are warning about the strong dollar, and the propaganda press is writing stories about it too. They are basically setting the stage for transitioning to the SDR as the global reserve currency. This is their basic argument:

1) The sudden strength of the dollar is putting pressure on other nations who have taken out loans denominated in dollars. When the dollar gets stronger, it takes more of their currency to purchase each dollar they need to pay back their loans, which creates great difficulty for those with restricted budgets. For example, a $1 million loan payment would have cost a Russian about 33 million rubles to pay back in July of last year; to pay it this month will cost about 58 million rubles.

2) If only we had a supranational currency that was stable in value, difficulties like this could be avoided. We wouldn’t have to worry about fluctuations between the values of national currencies.

What the BIS central bankers don’t tell you, of course, is that they are the ones intentionally causing volatility in the exchange rates in order to profit from trading them. They are creating the problem that they are proposing to solve (by giving themselves even more power).

Few people know that the BIS’s Board of Directors is actually made up of the very central bank heads it’s criticizing. Here are three of them who will get a lot of heat from BIS propaganda when things go south: the previous head of the Bank of Japan, Masaaki Shirakawa; the current head of the Federal Reserve, Janet Yellen; and the current head of the European Central Bank, Mario Draghi…

…Do you really think the BIS and the members of the BIS Board of Directors are in disagreement with each other? Of course not. They are simply putting on a show of incompetence at the national level and competence at the supranational level so power can be centralized.

For a more in-depth look at the BIS and their strategy, read this entry: Mainstream globalist propaganda reveals East/West conflict is a farce.

More to come in Update 1…

[Update 1 – 3 January 2015]

BRICS Propaganda and the BIS

In “Mainstream globalist propaganda reveals East/West conflict is a farce,” I took an in-depth look at a BIS-related propaganda article from state-owned China Daily, so let’s now take a look at a recent propaganda piece out of government-funded RT…

Here are some key excerpts (with my comments in brackets)…

“A study by the Bank for International Settlements (BIS) suggests dollar dominance could spell disaster for emerging markets.

The spectacular recovery by the US dollar could ruin emerging market economies that have large dollar-denominated debts, which in turn could trigger chaos in the global financial markets, the Swiss-based global watchdog said…”

[In case you didn’t get the message they’re trying to convey, here it is: dollar dominance = disaster, especially for the “emerging market economies” to whom the globalists are marketing the BRICS institutions. And the BIS, a joint creation of the English banksters and their Nazi buddies, is the “global watchdog” (substitute “mad” for “watch” and you’ll be closer to the truth).]

“The Bank for International Settlements, dubbed the bank for central bankers, warns of the imbalance between dollar debt and dollar output, and said it could have a ‘profound impact on the global economy.’…”

[So dollar dependence could lead to “chaos in the global financial markets,” which could have a “profound impact on the global economy” (thus leaving the hanging implication that we need to move on to some alternative to the dollar, like the SDR).]

“A tightened monetary policy by the US Federal Reserve, paired with the strong dollar, could exacerbate debt problems in emerging markets.

A strong dollar, as pointed out by Borio, can raise debt burdens for countries with weaker currencies, as a strong dollar has historically triggered turmoil in emerging markets, such as in Latin America in the 1980s, and Asia in the 1990s.”

[So it’s also the monetary policy of the Federal Reserve that is creating problems for the emerging markets (“Blame the Fed” and “Sieg Heil, BIS”).]

After going on to bemoan the “outdated” dominance of the dollar as the primary global reserve currency, they offer the globalist solution to the problems posed by the strong dollar and the Fed’s policies…

As I’ve noted in previous entries, the globalists have intentionally instigated Western misconduct and market volatility in order to drive the rest of the world into the waiting arms of the BRICS institutions. In fact, the BRICS’ New Development Bank will have a safety net ready for the emerging economies once things get dicey. It’s called the Contingent Reserve Arrangement…

“The Bank would also provide assistance to other countries suffering from the economic volatility in the wake of the United States’ exit from its expansionary monetary policy.”

Of course, loans from globalist multilateral institutions always come with strings attached. 😉

The article then goes on to point to the light at the end of the dollar dominance tunnel…

…China and its yuan.

[Update 2 – 4 January 2015]

What East versus West conflict? The West is helping China’s renminbi to become a reserve currency

Continuing our review of globalist preparatory propaganda, let’s have a look at a Financial Times article titled “IMF decision could propel renminbi past sterling and yen” from December of last year (you’ll have to do a Google News search for the title to read the full article)…

It was written by Jukka Pihlman…

…who has strong central bankster connections.

Here are some notable excerpts…

>>> Last time the IMF reviewed the composition of the SDR, in 2010, it concluded the RMB did not meet the key criteria of being a freely usable currency. But a lot has changed since, making next year’s decision much more finely poised…

Nevertheless, the fast-paced adoption of the RMB by central banks and the inclusion of RMB in their reserves – underpinned by the Chinese authorities’ continued and conscious efforts in making the RMB more accessible – could help swing the IMF decision in the RMB’s favour.

The final decision is in part discretionary and politics will invariably play a part. But supporters of the RMB’s inclusion may draw comfort from the fact that changes to the SDR composition are relatively ‘easy’ to vote through.

Most big IMF decisions require an 85 per cent majority, effectively giving the US, with its almost 17 per cent share of the vote, the power of veto. However, according to Article XV of the IMF’s Articles of Agreements, the IMF Executive Board can make the SDR decision with only 70 per cent of the vote, provided there is no change to the methodology.

Importantly, the Europeans have indicated by their actions that they are unlikely to stand in the RMB’s way, as long as the technical argument stacks up. Recent reports that the European Central Bank was considering adding the RMB to its reserves, joining France and Switzerland who have already decided to do so, is a highly significant development and shows how rapidly attitudes to the RMB are changing. <<<

So in this article, we have a Western globalist minion telegraphing that the RMB will be added to the SDR this year. Not only that, he points out that the Europeans are welcoming the RMB as a reserve currency by adding it to their own central bank reserves. The article also mentions England’s selling of RMB-denominated bonds…

Here is an excerpt from the UK government’s website…

>>> The UK government has today successfully issued a sovereign bond in China’s currency, the renminbi (RMB), becoming the first western country to do so and issuing the largest ever non-Chinese RMB bond.

The RMB 3 billion bond, which is equivalent to approximately £300 million, has a maturity of 3 years and delivers on the Chancellor’s announcement at the recent annual UK-China economic summit in London that the government intended to issue an RMB bond.

It is the world’s first non-Chinese issuance of sovereign RMB debt and will be used to finance Britain’s reserves. Currently, Britain only holds reserves in US dollars, euros, yen and Canadian dollars, so today’s issuance signals the RMB’s potential as a future reserve currency.

The bond issuance, which saw strong demand from investors, also further cements Britain’s position as the most important RMB market in the western world, and represents the next step in the government’s long term economic plan to establish Britain as the centre of global finance. <<<

And everyone seems to overlook that a former People’s Bank of China Deputy Governor is now a Deputy Managing Director of the IMF…


…who will most likely be joined by his former PBOC boss, Zhou Xiaochuan, when the latter takes over as Managing Director of the IMF once the trigger is pulled on “governance reform.”

So where is the East versus West clash all the mainstream and alternative propagandists are talking about? It doesn’t exist, except as a propaganda ploy to make the multilateral / multipolar NWO look like real, positive change.

As for when the renminbi might be added to the SDR, let’s look to the globalist meeting schedule for this year. The G20 finance ministers and central bank governors will be meeting on February 9…

…so expect to hear a lot of noise in late January / early February about the need to go to “Plan B” due to “the United States’ failure to uphold its responsibility to adopt quota reform” at the IMF. There will be talk of dismantling the US’ veto power in the IMF as well as bringing the renminbi into the SDR basket of currencies.

The IMF/World Bank Group will have meetings on April 17 and October 9…

…so they will probably announce specific plans for quota reform and the RMB in April and take action by October 11. This would sync well with the BRICS Bank / economic collapse / Fed takedown timetable outlined in The Globalists are accelerating the rollout of their new financial system.

[Update 3 – 5 January 2015]

This episode of “Bend over, here it comes” is brought to you by Citibank

I’ll have to take a break from China and the IMF so we can take a look at something that just popped up on Zero Hedge: Is Citi The Next AIG?

Apparently, data was released today that showed an FDIC-insured entity of Citibank added a massive volume of derivatives to its books in the 3rd quarter of last year…

…And conveniently, Congress passed Citi-backed legislation last month that left taxpayers on the hook for any derivatives that go bad in such entities.

So here we have a case of the banksters loading up trillions of dollars of potentially bad contracts on the taxpayers just prior to what? Given the wave of derivative “credit events” that could be coming due to the strong dollar and the sudden drop in oil prices, are they going to trigger the global economic train wreck before the Fed can do it by raising interest rates? If so, don’t worry, the Fed will be blamed no matter what they do or don’t do.

This is not a year when you want to take life too seriously. 😉

Back to China and the IMF in the next update…