[DiddyKong] So I got something I want to post... its a bit long
[Patience] DO YOU HAVE A LINK?
[DiddyKong] No, research that I have done and typed up earlier
[DiddyKong] As I and I'm sure all of you have experienced an increase in talks about the GCR/RV occurring this week, I took it upon myself to step back into the “Dinarland hype” and try to put some pieces of the puzzle (lack of terminology) together for everyone.
What I have been seeing and heard to expect is some kind of announcement to be made about “coming changes”.
[DiddyKong] If we look at the excuses of the past as to why the GCR/RV has not occurred yet, we were told that it was rather the UST’s, Fed’s, US Congress’s, IMF’S, and/or CBI’s fault. From research, it is to my understanding that it is truly the fault of the US Congress. This is mostly due to its inability to pass into law the 2010 IMF Reforms.
[DiddyKong] We all understand that the US is the largest shareholder and controller of vetoing power in the IMF. From what I can tell, the reform grants IMF a larger lending authority. According to IPS
[DiddyKong] “it also would increase the currently underweighted influence of fast-rising economies such as Brazil, China, India and Turkey… by decrease the cumulative share of European members, which nearly all observers say is currently outsized in terms of gross domestic products. The Netherlands and Spain, for instance, both have voting shares similar in size to Brazil’s, despite the fact that the Spanish economy is less than two-thirds the size of the Brazilian.”
[DiddyKong] “International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she should could to push reform at her organization and give emerging economies a bigger say without the support of the United States http://www.todayszaman.com/news-342857-imfs-lagarde-says-cant-do-much-about-reform-without-us-support.html
[DiddyKong] If we choose to believe that the Queen and Vatican is behind the woes of the U.S. losing the Republic and troubles of the world, and if we believe that they have put puppets under their control in our government to benefit them, then I would think it is obvious as to why the 2010 IMF Reforms has been blocked by the US Congress… to protect its European masters.
[DiddyKong] Then from JC Collins “we are entering into a situation where the G20 countries have told the United States that they have until the Finance Ministers and Central Bank Governors meeting on April 10th and 11th to enact the required supporting legislation for the IMF Reforms.” http://philosophyofmetrics.com/2014/03/22/the-world-holds-suicidal-america-hostage/
[DiddyKong] I suppose that we are to expect that once the 2010 IMF Reforms are passed, currencies and commodities of the world are to become unpegged from the USD and onto the SDR of the IMF. This will be when the long elusive GCR is supposed to take effect within a new global financial system.
[DiddyKong] Basically, what I see are 2 losing options for the cabal, one more severe than the other: work with us and keep the USD as the world reserve currency or lose it all. Hard way or the easy way anyone? Alas, it appears that Congress is in no rush to approve any changes.
[DiddyKong] I wish there were more specifics given on what the announcements to happen this week mentioned by others. As far as I can tell through my research, things have reached a stalemate until the Finance Ministers and Central Bank Governors meeting on April 10th and 11th.
[DiddyKong] Things could change between now and then as the regulations under Volcker Rule become effective April 1st It appears that time is running out for the cabal with a deadline just weeks away.
[DiddyKong] A bit long winded, but there is my position on the expectancy of changes.
[gwc] DiddyKong thanks !!
[DiddyKong] gwc you are absolutely welcome. I made sure to sure to include links to verify I was talkin about instead from the side of my neck lol
[VenusVisitor] DiddyKong if the conservative house or senate will not pass it, I will trust them above obama and Lew and CL any day. My options are few but I believe in the conservatives right now.
[gwc] DiddyKong i also read somewhere..they had untill july 2015 to comply with volcker...
[DiddyKong] Eagle1 made a post just recently talking about the reforms, but without the links to know exactly what he was talking about so you kinda had to take his word for what it is. This way, I hope you guys can conduct your own research and see if you arrive at the same conclusion
[DiddyKong] gwc yup. It goes effective April 1. Kinda like how Ocare is effective already and there is a deadline to it (im not signing up for the carp though lol)
[DiddyKong] VenusVisitor where we are at, the house does not want to include it with the budget.
[DiddyKong] Thats all I have for tonight. I can't stay long. Wanted to be sure I dropped that in the room for you guys. Take care everyone and talk to yall later!
[DiddyKong] bye everyone
http://www.occ.gov/news-issuances/bulle ... 014-9.html
Subject: Volcker Rule
The World Holds Suicidal America Hostage
http://philosophyofmetrics.com/2014/03/ ... ca-hostage
http://www.ipsnews.net/2013/03/pressure ... ce-reforms
Pressure Grows on Washington to Pass IMF Governance Reforms
http://www.todayszaman.com/news-342857- ... us-support.
html IMF's Lagarde says can't do much about reform without US support
http://philosophyofmetrics.com/2014/03/ ... committee/
The Bretton Woods Committee