Meet The SDR: The Global Reserve Currency?
In this week’s subscriber newsletter, James dishes the dirt on the IMF’s Special Drawing Rights. What are they, why are they in the news, what do they have to do with the Chinese yuan, and will they be the global reserve currency?
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Perhaps, in conformity with the misleading “Nike/Adidas” or “Coke/Pepsi” or “Microsoft/Apple” or “Christian/Muslim” or “Democrat/Republican” or “LIHOP/MIHOP” or East/West or left-right/black-white paradigm, the world will someday be presented with a “choice” between an IMF world currency or some BRICS or Eastern-style world currency.
That would explain China’s apparent ideological and financial investment in old-world and new-world global banks.
And by the by, do you know where I can get a hold of a Corbett numerical dictionary? – just to avoid confusion between bajillions and squidjillions… ?
How the hell do you do it, James? Movies, podcasts, videos, essays, interviews up the wazoo; something new every day…
I’m also curious about your take on what damaged the Pentagon. In your Kuala Lumpur speech you repeated eleven times (with Mineta, 23 times) that Fl 77 did it. Then you wrote in several emails that you have ‘no idea’ what hit the Pentagon.
Why would you do these things?
I have a theory. It’s here, in my Open Letter to you:
http://blog.banditobooks.com/an-open-letter-to-james-corbett/
Allan Weisbecker
Banditobooks.com
I didn’t interpret the debunking of the vids as a support for the official story at all, and nothing was said about what really happened with Pentagon.
Perhaps, in conformity with the misleading “Nike/Adidas†or “Coke/Pepsi†or “Microsoft/Apple†or “Christian/Muslim†or “Democrat/Republican†or “LIHOP/MIHOP†or East/West or left-right/black-white paradigm, the world will someday be presented with a “choice†between an IMF world currency or some BRICS or Eastern-style world currency.
That would explain China’s apparent ideological and financial investment in old-world and new-world global banks.
And by the by, do you know where I can get a hold of a Corbett numerical dictionary? – just to avoid confusion between bajillions and squidjillions… ?
Interestingly, BRIC(S) in Chinese is é‡‘ç –å›½å®¶, which literally means gold brick(s) nation(s)
One of your best bits of writing in a while James. Extremely enlightning and thought provoking.
My question is whether China wants into the SDR basket as a partner in the western Bretton Woods Institutions, the IMF-World Bank or to destroy them from within, replacing them with her own Institutions like the AIIB and a gold backed BRICS Bank? The Chinese essay on the SDR may just be the smoke screen needed. Who says the Chinese and Russian oligarchs are pals with their western counterparts rather than competitive business partners looking for a leg up on the competition? When I see inter marriage between these elite east-west families then I’ll fully believe that there exists a cohesive upper echelon of elites, much the same as Royals and Mafia crime families have done for centuries. Before the next world order can arrive these inter rivalries need to be ironed out to a greater extent. The double cross may be still in play?
Just for fun:
Rothschild quartet helped China’s Geely snare Volvo Cars
| Mon Mar 29, 2010 3:01pm EDT
“…People familiar with the matter said Jennifer Yu, Rothschild’s top investment banker in greater China, and London-based Meyrick Cox, one of the three co-heads of the bank’s automotive team, helped lead the deal.
Yu is married to the adopted son of former Chinese President Jiang Zemin, according to a 2008 article by French business magazine Challenges…” 😎
http://www.reuters.com/article/2010/03/29/volvo-geely-bankers-idUSLDE62S17C20100329
Excellent article encompassing the current paradigm.
As many have pointed out in various circles, this year is the end of a 7-year-cycle (Shemitah cycle). This theory posits its claims on the fact that on 9/17/01 the stock market dropped 684 points. Then 7 years later on 9/29/08 it fell by 777 points. Perhaps the convergence of this with the Fed raising the rates may have a similar effect.
Not that I subscribe much to Biblical prophecies, but this is more interesting for purposes of context.
I think these sorts of “shocks” can be instituted in a variety of ways. Obviously, the dialectic of the “BRICS” is a useful tool to this end.
We recall when Putin said the U.S. was a parasite on the global economy due to dollar dominance.
http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801
But also, during the US government ‘shut down’ China was calling for ‘De-Americanization’:
http://www.usatoday.com/story/theoval/2013/10/15/obama-china-xinhua-shutdown-debt-ceiling/2985581/
We will wait and see.