(Stillness in the Storm Editor) For your consideration…
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>>> THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century……The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power……The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF……Governments are far from ready to subordinate their domestic objectives to the goal ofinternational stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice……Pencil in the phoenix for around 2018, and welcome it when it comes. <<<
>>> The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nationsand is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies…The scope of using the SDR should be broadened, so as to enable it to fully satisfy the member countries’ demand for a reserve currency.> Set up a settlement system between the SDR and other currencies. Therefore, the SDR, which is now only used between governments and international institutions, could become a widely accepted means of payment in international trade and financial transactions.> Actively promote the use of the SDR in international trade, commodities pricing, investment and corporate book-keeping. This will help enhance the role of the SDR, and will effectively reduce the fluctuation of prices of assets denominated in national currencies and related risks.> Create financial assets denominated in the SDR to increase its appeal. The introduction of SDR-denominated securities, which is being studied by the IMF, will be a good start.> Further improve the valuation and allocation of the SDR. The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies, and the GDP may also be included as a weight. The allocation of the SDR can be shifted from a purely calculation-based system to a system backed by real assets, such as a reserve pool, to further boost market confidence in its value. <<<
“…the globalists intend to take down the EU central government and break Europe into smaller units bound by a new regional multilateral framework.” – From The Greek “People’s Revolution” and the New European Renaissance, brought to you by the NWO
[Starting from the 1:20 mark] – “I would like to start off by talking about the subject, and the subject, of course, is secession and nullification — the breaking up of government. And the good news is it’s gonna happen. It’s happening. And it’s not gonna be because there will be enough people in the US Congress to legislate it — it won’t happen. It will be de facto.”
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