G20 Finance and Central Bank Deputies Met December 2014 To Set Stage For 2015

G20 Stage for 2015
Welcome to Istanbul, Turkey…
2015 has the G20 “under the Turkish Presidency”.
“During Turkey’s Presidency year, G20 Deputies will continue to assess the global economic outlook, risks and policy responses. They plan to work on developing a monitoring mechanism to be able to effectively implement the commitments of G20 countries comprehensive growth strategies and a new narrative on investment and infrastructure issues. Taking into account the current impasse in front of the 2010 IMF Quota and Governance Reforms, G20 Deputies will start discussing alternative options for rebalancing quotas and increasing Fund resources. Deputies will follow the timely, full and consistent implementation of financial regulation reforms and focus on completing key features of the G20 work on international taxation.

The next meeting of the G20 Finance and Central Bank Deputies will take place on February 8-9, 2014.  [Must be a “Typo” for Feb 2015 meetings ~Ron] G20 Finance Ministers and Central Bank Governors will then meet be on February 9-10, 2014 in Istanbul.”
First G20 Sherpa held under Turkish Presidency
G20 Sherpas held their first meeting under the Turkish Presidency of the G20 in Istanbul on 15-16 December 2014. The meeting was chaired by Ambassador Ayşe Sinirlioğlu, Deputy Undersecretary for Economic Affairs of the Turkish Ministry of Foreign Affairs and Turkey’s G20 Sherpa. Sherpas from across the G20´s membership attended, alongside representatives from several International Organisations and other invited countries.

“The G20 has so far taken significant strides in designing and launching policy frameworks in many areas. In November 2014, as the members of the G20 we have agreed on the Brisbane Action Plan and pledged to undertake about 1000 commitments that, if fully implemented, will add more than USD 2 trillion to the global GDP and generate millions of additional jobs for our citizens by 2018. Likewise, for a number of work streams within the G20 including financial regulation, international tax, and international financial architecture, words have played their part. 2015 will be the time for the deeds and the year of implementation.”
From the official Turkish G20 Presidency Priorities for 2015

2015 Event Schedule

https://g20.org/2015-event-schedule/

May 2015
21may – 22 Energy Sustainability Working Group Meeting#2
6may – 8 G-20 INTERNATIONAL TAX SYMPOSIUM

February 2015
26feb
– 28
Employment Working Group Meeting#1
24feb – 25 Energy Sustainability Working Group Meeting#1
9feb – 10 Finance Ministers and Central Bank Governors Meeting#1
8feb – 9 Finance and Central Bank Deputies Meeting#2
2feb – 3 Development Working Group Meeting#1

January 2015
29jan – 30 Investment and Infrastructure Working Group Meeting#1
20jan – 21 Framework Working Group Meeting#1

The meetings included in the calendar are those with confirmed date and venue. Listed meetings will be updated in due course throughout the year.

.
RELATED:
Note the importance of the 2010 IMF Quota and Governance Reforms and how they will be addressed (Alternative options). Recall the U.S. Congress refusal to vote on the reforms
https://ronmamita.wordpress.com/2014/11/26/detailed-discussion-of-globalist-monetary-system-reform/
https://ronmamita.wordpress.com/2015/01/06/global-crisis-talking-about-hidden-agendas-control-and-deadly-secrets/
https://ronmamita.wordpress.com/2014/11/22/joseph-farrell-what-is-the-hidden-system-of-finance-showing/
https://ronmamita.wordpress.com/2014/12/10/earth-crisis-money-mafia-ufos/
https://ronmamita.wordpress.com/2014/12/15/when-the-financial-centers-computers-are-ready-the-yuan-will-be-accepted-as-a-world-reserve-currency/
https://ronmamita.wordpress.com/2014/12/30/the-cartel-exposes-more-of-their-criminal-activities/
https://ronmamita.wordpress.com/2015/01/02/alert-federal-reserves-suspicious-activity/
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11 comments on “G20 Finance and Central Bank Deputies Met December 2014 To Set Stage For 2015
  1. RonMamita says:

    WE KNOW THE PROBLEMS

    Yet the majority of the People on Earth are not aware:
    The Societies Clubs and Civilization:

    There are elite Societies that believe in slavery (hierarchical order for servants).
    They have many clubs, great wealth and written policies.
    They also have many secrets and sociopaths…
    Some are evil but all are simply trained WRONG.
    Living backwards is evil (spell “live” backwards), and the people trained in that thinking are not choosing to live in rightness sharing.
    Loyal club members are in Government have NEVER accepted a free economy or free markets, or free people. They assume the authority (with threats of fines, punishment, imprisonment, or death) to manipulate and control civilization.
    They have failed each and every time.
    They can not accept the natural creativity of things driven by sentient nature.
    They constantly work against nature and attempt to dominate what cannot be dominated.
    Therein, they are engaging in a perpetual war they can never win.
    The challenge, as I see it, is that the People on Earth have lost awareness and lost knowledge of these facts…

    Throughout the centuries:
    OVER and OVER and OVER, AGAIN and AGAIN!

    WE KNOW THE PROBLEMS, but are unwilling to implement the solutions.
    INTERNAL PERSONAL CHANGE AND CONSCIOUS INTENT.
    Taking full personal responsibility is a prerequisite for personal sovereignty.

    The Essence Of Banking

    To Make Us All, whether we be nations or individuals, SLAVES TO DEBT.

    The Banker

    Hello, my name is Montague William 3rd
    And what I will tell you may well sound absurd
    But the less who believe it the better for me
    For you see I’m in Banking and big industry

    For many a year we have controlled your lives
    While you all just struggle and suffer in strife
    We created the things that you don’t really need
    Your sports cars and Fashions and Plasma TV’s

    I remember it clearly how all this begun
    Family secrets from Father to Son
    Inherited knowledge that gives me the edge
    While you peasants, people lie sleeping at night in your beds

    We control the money that controls your lives
    Whilst you worship false idols and wouldn’t think twice
    Of selling your souls for a place in the sun
    These things that won’t matter when your time is done

    But as long as they’re there to control the masses
    I just sit back and consider my assets
    Safe in the knowledge that I have it all
    While you common people are losing your jobs

    You see I just hold you in utter contempt
    But the smile on my face well it makes me exempt
    For I have the weapon of global TV
    Which gives us connection and invites empathy

    You would really believe that we look out for you
    While we Bankers and Brokers are only a few
    But if you saw that then you’d take back the power
    Hence daily terrors to make you all cower

    The Panics the crashes the wars and the illness
    That keep you from finding your Spiritual Wholeness
    We rig the game and we buy out both sides
    To keep you enslaved in your pitiful lives

    So go out and work as your body clock fades
    And when it’s all over a few years from the grave
    You’ll look back on all this and just then you’ll see
    That your life was nothing, a mere fantasy

    There are very few things that we don’t now control
    To have Lawyers and Police Force was always a goal
    Doing our bidding as you march on the street
    But they never realise they’re only just sheep

    For real power resides in the hands of a few
    You voted for parties what more could you do
    But what you don’t know is they’re one and the same
    Old Gordon has passed good old David the reigns

    And you’ll follow the leader who was put there by you
    But your blood it runs red while our blood runs blue
    But you simply don’t see its all part of the game
    Another distraction like money and fame

    Get ready for wars in the name of the free
    Vaccinations for illness that will never be
    The assault on your children’s impressionable minds
    And a micro chipped world, you’ll put up no fight

    Information suppression will keep you in toe
    Depopulation of peasants was always our goal
    But eugenics was not what we hoped it would be
    Oh yes it was us that funded Nazis!

    But as long as we own all the media too
    What’s really happening does not concern you
    So just go on watching your plasma TV
    And the world will be run by the ones you can’t see

    Written By Craig-James Moncur
    16/10/2009

    More disclosure:
    https://ronmamita.wordpress.com/2014/10/22/the-movie-even-mentioned-uploading-the-secrets-to-the-internet/
    https://ronmamita.wordpress.com/2014/09/02/governments-criminal-activities-disclosed-in-movies/
    https://ronmamita.wordpress.com/2014/07/08/century-of-enslavement-the-history-of-the-federal-reserve/
    https://ronmamita.wordpress.com/2014/08/05/legislators-judges-regulators-and-bankers-all-need-to-be-criminally-investigated/
    https://ronmamita.wordpress.com/2013/12/05/is-humanity-declaring-checkmate-on-the-new-world-order/
    https://ronmamita.wordpress.com/2013/04/16/human-toil-required-to-service-the-money-masters/
    https://ronmamita.wordpress.com/2014/09/20/the-art-of-resistance/

  2. RonMamita says:

    Making Sense of The Managed Monetary System

    Deflation is the symptom of the collapsing Ponzi Economy and the money masters are managing this deflation (failed Ponzi Economy) to transition to their next phase of another ponzi economy (multipolarity/basket of currencies)…
    The EU is a basket of currencies?
    Indeed it is.
    The SDR is a basket of currencies too, and having the EU in the SDR’s basket is a difficult chore… Baskets within baskets?
    The Euro is currently experiencing a flight from their scheme:
    http://armstrongeconomics.com/2015/01/15/swiss-peg-collapses-the-euros-nightmare/
    …”Everything is CONNECTED. How could the the computer project these targets and that the peg would fail? It is only monitoring capital flows. The abandonment of the peg is more than just a vote against the Euro. It is more than just the departure of the Greeks as a member.
    The Swiss are bailing out of the peg because the European Central Bank (ECB) will more-likely-than-not begin buying sovereign debt of its member states. We are recommending to clients to off-load EVERYTHING you possible can to the ECB and say thank you very much. Our models are warning this is the culmination of the bond bubble and it is the ECB who is buying the top.” –ArmstrongEconomics

    The U.S. said that they will reduce the size of the military to WW2 levels by 2020.
    The USD does not belong to the U.S., the USD is the international reserve currency and thus belongs to the global money masters. That means Russia, China, Europe, etc. do not want their dollar reserves to become instantly worthless. A managed transition to the multipolar currencies is their plan.

    The global Bankers are rapidly hoisting the Renminbi (RMB) to parity to the USD…

    Everything is so interconnected that the globalists agree multilateral is their solution, thus they manage/mismanage global economy hoping to avoid complete economic collapse.
    Whether we like it or not, their multipolar currency system is emerging from the USD unipolar currency system.

    Consider Currency Zones:
    See: http://www.thenewamerican.com/economy/item/19800-regional-currency-plots-advance-in-eurasia-and-south-america
    As the world’s nations are increasingly cobbled together into freakish and largely arbitrary regional unions via economic and political “integration,” transnational currencies are also advancing quickly. The European Union’s controversial single currency, the euro, is the furthest along. However, in the coming years, it will not be alone — at least if globalist forces have their way. With the internationalist-backed African Union usurping more power, for example, regional currencies are already in use across parts of that continent. Two more emerging regional regimes, meanwhile — the Eurasian Union and the Union of South American Nations (UNASUR or UNASUL) — are now making similar moves toward the creation of eventual monetary unions.

    A Russian Economist, Mikhail Khazin, also talked about the “currency zones”:
    https://ronmamita.wordpress.com/2014/12/15/financial-terrorist-institutes-trading-collars-for-precious-metals-oh-my/

    Always keep in mind the BIS’ Committee on the Global Financial System:
    Reserve Bank of Australia, Bank of Korea, National Bank of Belgium, Central Bank of Luxembourg, Central Bank of Brazil, Bank of Mexico, Bank of Canada, Netherlands Bank, People’s Bank of China, Monetary Authority of Singapore, European Central Bank, Bank of Spain, Bank of France, Sveriges Riksbank, Deutsche Bundesbank, Swiss National Bank, Hong Kong Monetary Authority, Bank of England, Reserve Bank of India, Board of Governors of the Federal Reserve System, Bank of Italy, Federal Reserve Bank of New York, and Bank of Japan

    Yes, the Russian Federation was removed, but they would not harm the Chinese reserve U.S.Dollars else destroy their partner, and themselves along with the entire international governance system…

    Euro Drop a Turning Point for Central Bank Reserves

    Central banks and reserve managers are breaking from past practice by showing little appetite to add euros as the currency tumbles.

    The total amount of reserves held in euros fell 8.1 percent in the third quarter, more than the currency’s 7.8 percent decline in that period against the dollar, according to the most recent figures from the International Monetary Fund. The last two times the euro depreciated 7 percent or more in a quarter — in 2011 and 2010 — holdings declined far less.

    The data suggest reserve managers are passing up the chance to buy euros while they’re cheap, removing a key pillar of support. In August, European Central Bank President Mario Draghi cited the drop in other central banks’ euro holdings as a factor that would help weaken the exchange rate and ultimately boost the region’s faltering economy.

    “Central banks have found new reasons not to feel comfortable with the euro,” Stephen Jen, managing partner and co-founder of SLJ Macro Partners LLP in London, said by phone on Jan. 6. “Nobody wants to have a negative yield. You’re not keeping a currency to lose money.”
    Falling Prices

    The euro fell to as low as $1.1802 today, its weakest level since January 2006, after a report showed consumer prices fell 0.2 percent in December from a year earlier, more than the 0.1 percent decline forecast by economists. The data stoked speculation that a sovereign-bond purchase program, aimed at drawing money out of safe government debt and into the broader economy, is now all but inevitable.

    The ECB is already experimenting with negative interest rates on deposits, with the same goal of getting more cash pumping through the economy where it can stoke growth and boost prices. That’s one reason reserve managers are increasingly shunning the 19-nation currency, which traded at $1.1831 as of 1:08 p.m. in New York.

    Today’s inflation report “surely set the seal on the ECB’s much-anticipated introduction of quantitative easing,” Nick Beecroft, a strategist at Saxo Bank A/S in London, wrote in a note.

    A spokesman for the Frankfurt-based ECB, who asked not to be identified, said yesterday by e-mail that the international role of the euro is primarily determined by market forces and the central bank neither hinders nor promotes it.
    Slowing Economy

    The amount of euros held in allocated reserves — or those where the currency is specified — fell to $1.4 trillion in the third quarter, or 22.6 percent of the total, from $1.5 trillion, or 24.1 percent, at the end of June, according to figures published by the IMF on Dec. 31. The proportion is the lowest since 2002 and down from as much as 28 percent in 2009.

    The decline in reserves allocated to the euro was more than four times the combined drop in holdings of yen, Swiss francs, pounds and Canadian and Australian dollars. The U.S. dollar was the only currency in which reserves rose, with a $23.9 billion jump to $3.9 trillion, or 62.3 percent of the total.

    With the euro’s decline versus the dollar in the third quarter taken into account, the slide in holdings totaled only about $2.5 billion, according to a report by BNP Paribas SA on Jan. 6.
    ‘Euro’s Troubles’

    “It was both active euro selling and valuation effects which drove the fall in the euro’s allocation,” Anezka Christovova, an analyst at Credit Suisse Group AG in London, wrote in a report Jan. 5. Central banks reverting to dollar reserves “should add to the euro’s troubles,” she said.

    In the third quarter of 2011, the common currency slid 7.7 percent, while its reserves fell 2.8 percent. A deeper plunge of 9.4 percent in the euro in the second quarter of 2010 only prompted a 1.3 percent loss in holdings, the IMF data showed.

    The euro will fall more than 1 percent to $1.17 by year-end, according to the median forecast of more than 50 strategists compiled by Bloomberg. Separate surveys suggest it will weaken against 24 of its 31 major peers.

    Credit Suisse is more pessimistic than the consensus, predicting a slide to $1.15 this year, according to a Dec. 17 forecast. Deutsche Bank AG, the world’s second-largest currency trader, also targets $1.15 for year-end.

    The Washington-based IMF’s figures “suggest that there’s been genuine off-loading of euro reserves,” Alan Ruskin, the global head of Group of 10 foreign exchange at Deutsche Bank in New York, said by phone on Jan. 6. “The share has dropped very steadily. There’s definitely a trend in place.”
    http://www.bloomberg.com/news/2015-01-07/euro-drop-a-turning-point-for-central-bank-reserves-currencies.html

  3. RonMamita says:

    Oil glut, Oil Price Deflation, yet a Policy decision to INCREASE OIL PRODUCTION

    [Oil Production Increase Hinged On Increased Security!]

    ABU DHABI, Jan 13 (Reuters) – Austrian energy group OMV wants to boost its oil output from Yemen by half if conditions allow, a senior executive told Reuters on Tuesday.

    Erwin Kroell, senior vice president for the Middle East and Caspian, said plans to raise production to 30,000 barrels per day from 20,000 on average now hinged on putting in place security measures to protect its assets and people.
    http://www.rigzone.com/news/oil_gas/a/136729/OMV_Aims_to_Boost_Yemen_Output_to_30000_BPD_if_Conditions_Allow

  4. RonMamita says:

    USAF TO CLOSE THREE AIRBASES IN THE U.K. “SO WHAT?” YOU SAY…

    January 13, 2015 by Joseph P. Farrell

    This article comes from a regular reader here,Mr. K.L., and it’s a little gem of confirmation of one of my “high octane speculations” from last year, though I didn’t expect to see such early confirmation of it. The United States Air Force is shutting down three of its airbases in the United Kingdom. You might be inclined to say, “so what? This isn’t big news…” Or is it? Here’s the story from the BBC, along with a subtle indicator of what it might all be about:

    USAF to pull out of airbases at Mildenhall, Alconbury and Molesworth,
    http://www.bbc.com/news/uk-england-suffolk-30725366

    Now, this story we blogged about last year. Ostensibly, the United States began to shut down smaller bases in western Europe in an effort to “save money”:

    “US Defence Secretary Chuck Hagel said the Americans will leave RAF Mildenhall in Suffolk and RAF Alconbury and RAF Molesworth in Cambridgeshire.”

    “The move is part of a programme to save £320m ($500m) a year across Europe. The USAF lease the RAF bases.”

    Now, for those of you who remember then-Defense Secretary Donald Rumsfeld’s appearance at a press conference one day before 9/11, complaining that the Pentagon couldn’t find a mere $2,000,000,000,000 and that this was all a dangerous sign of Pentagon waste and mismanagement, closing three bases to save a mere $500,000,000 is pocket change. Last year, I blogged about a similar story as the US military was shutting down a few smaller bases in the Netherlands and Germany, again to save amounts of money that are mere pocket change. That’s the cover story.

    So what might really be going on?

    Well, here comes my high octane speculation, courtesy of a few subtle statements in the BBC article(and the BBC is, as we know, if not anything else, always subtle):

    “The USAF KC-135 tanker fleet based at Mildenhall will be moved to Germany.

    “RAF Lakenheath, with two squadrons of new F-35 jets (48 of them) arriving by 2020, will be the aircraft’s only European base.

    “The Pentagon said the loss of about 2,000 US military and civilian personnel is due to relocation away from Mildenhall, but will be offset by the addition of about 1,200 people stationed permanently at Lakenheath.”

    What caught my eye here was the mention of the shifting eastwards of the USAF’s mid-air refueling tankers to Germany. This to my mind confirms a pattern that I thought might emerge in coming years, though I certainly didn’t suspect that it would come so quickly, namely, that the US military would close many bases in western Europe, in the name of “cost cutting”, and shift bases to eastern Europe, in response to Eastern European calls for protection in the face of the “threat” posed by Mr. Putin’s “aggressive” Russia. The strategy here seems simple enough, if risky. By pulling out of western Europe, and transferring functions and bases eastward, the US can play to those always-present European sentiments and popular opinion that resents the US military presence, and the quiet but nonetheless quite real vassal status that it creates. By basing eastward in Eastern Europe, the US appears to be taking up the mantle of the France of the interwar period, guaranteeing a cordon sanitaire between western Europe and Russia. By doing so, it places military assets in areas that can quickly deploy, if necessary, even further eastward in support of military operations, and that can also interdict any trade, or energy, flows between western Europe and Russia. In other words, it is an even more effective method of keeping western Europe firmly under the American thumb while forward basing to “deal” with Russia. But it is, obviously a risky strategy as well, for it places American military bases and assets between the sizable European militaries, and Russia.

    And the key, here as always in European geopolitics, is Germany. It is, to my mind anyway, clear that the US means to continue a military presence in Germany if for no other reason than to secure that nation’s continuing “compliance” to Washington’s wishes, and hence the continuation of military bases there. Without Germany, that old Versailles-era of a cordon sanitaire is unworkable and untenable. The real game here, in other words, has nothing whatsoever to do with cost cutting, and everything to do with geopolitics, and it’s also a sign, for those willing to read the tea leaves a bit, that the US is increasingly worried about the direction western Europe might take.

    As if to underscore this analysis, consider the following statements of the German Vice-Chancellor and Economy and Energy Minister, Sigmar Gabriel, that you probably didn’t see on SeeBS, Faux News, the BBC, CBC, or whatever local propaganda organ you may be subject to:

    More Russia sanctions to provoke ‘dangerous situation’ in Europe – German vice-chancellor
    http://rt.com/news/219771-sanctions-russia-dangerous-germany/

    Watch this one, for it’s a subtle story, and one that, I suspect, now that the process is under way in a major way, that we’ll be seeing more of this year.

    See you on the flip side…

    (My thanks to Mr. E.O. for finding and sharing the RT article about the German Vice-Chancellor.)

  5. RonMamita says:

    FALLING OIL PRICES, THE US DOLLAR, AND CARRY TRADE: A GRAND STRATEGY AT WORK?

    January 14, 2015 by Joseph P. Farrell http://gizadeathstar.com/2015/01/falling-oil-prices-us-dollar/

    As most regular readers of this website are aware, I’m not one of those “the-dollar-will-collapse-any-day-now-and-will-no-longer-be-the-reserve-currency-the-financial-apocalypse-is-immanent” people. For that matter, and for the record, I’ve never been a singer in the Rockefeller-funded “oil is a fossil fuel and we’re at peak oil” choir either. But like many, I’ve been wondering just what the heck is going on with the falling prices of crude oil(and, to be quite honest, it’s not the only industrial commodity that is undergoing falling prices). If anything, the emergence of fracking in practical and widespread application in recent years has produced a clear counter-indicator to the “peak oil” theorists (not to mention the even more problematical findings of the “it’s-not-a-fossil-fuel, dummy” crowd. O.K. We get it: there simply weren’t enough dinosaurs ever alive on this planet – or elsewhere for that matter – to account for all the oil we’ve been consuming over the years. It was a dumb idea, and not the first dumb idea the Rockefeller crowd bought into and then made everyone else buy into.)

    Apparently many of you were wondering in the past few weeks why the heck oil prices were in what appears to be free-fall, because over the past week and a half, many of you have sent me a spate of articles, in fact, well over twenty articles, all addressing this question, and quite frankly, anyone’s guess is as good as, if not probably better, than mine.

    But here, for my two cents’ worth, are two articles that I think are close, if not spot on, the problem:

    2015: Why’s the Oil Price Collapsing? Answer: $8+ Trillion Carry Trade
    http://www.marketoracle.co.uk/Article48861.html

    David Bird, Missing Wall Street Journal Reporter, Foresaw an Oil Crash
    http://wallstreetonparade.com/2014/12/david-bird-missing-wall-street-journal-reporter-foresaw-an-oil-crash/

    Now, what’s interesting about both of these articles is that they avoid the theory that the USA is doing this as a component that the USA is doing this as a short-term measure to “get Putin”, of in some hypotheses, to “get Saudi Arabia”, and in still other hypotheses, to “get both of them.”

    I want to draw your attention to a few paragraphs from the first article (which confirm the insights of David Bird, the missing Wall Street Journal reporter, that are rehearsed in the second article):

    “You will have read about the oil price fall, OPEC, shale fracking, oil glut, Saudi Arabia, Iran, Russia, energy supply and demand, geo-strategy and geo-political risk, alongside myriad conspiracy theories. They all may have some truth in them, but they are relative side issues against the major story that ought to be followed and dissected: the explosion of the near $8+ trillion US dollar carry trade.

    “Of that $8+ trillion, $5.7 trillion is emerging market dollar debt, a global reserve currency those countries can neither print nor control. Dollar hard-currency debt of emerging market economies has tripled in a decade, split between $3.1 trillion in bank loans and $2.6 trillion in corporate bonds. In the last two hundred years, very few cross border lending binges equate in size and scale to this dollar denominated debt colossus fuelled by first world quantitative easing on an unprecedented scale and with near Zero Interest Rate Policy (ZIRP).

    “What Is The Carry Trade?

    “It’s the borrowing of a currency of a low interest rate country, such as the US, converting it to a currency in a higher interest rate country and investing it in high yielding assets of that country and elsewhere. The big trading outfits do this with leverage of 100 or 300 to one. This causes important moves in the financial markets, made possible by the trillions of dollars of central bank money creation in recent years.

    “Evaporating Dollar Liquidity?

    “Borrowing US dollars is the equivalent of shorting the US dollar. If the US dollar rallies, as it has done over the last several quarters and months, then that dollar debt becomes more and more expensive to finance on a relative basis around the world. As a result, a US dollar rally is oil negative, commodities negative and most global asset classes negative. Much of the global debt was taken out at real interest rates of 1 percent or less on the implicit assumption that the US Federal Reserve would continue to flood the world with liquidity for years to come. This has now been stopped for the moment as announced by Janet Yellen, the chair of the board of governors of the US Federal Reserve. The Fed has already slashed its bond purchases to zero, withdrawing $85bn of net stimulus each month. It is clearly considering the raising of interest rates for the first time in seven years as the US economy recovers at a formidable pace of nearly four percent GDP growth as measured via the most recent last quarter’s figures.”

    But here comes my high octane speculation, and it’s strongly suggested even by the article itself, which hints at deeper underlying geopolitical agendas at work, and at the various geopolitically based theories: it’s being done to smash OPEC once and for all, it’s because of Russia, or Iran. Rather, the article suggests, it is all of these, and more:

    “1. Just about everything is likely to be hit in 2015 and beyond, and not just oil, as the US dollar continues to rise. Much of the global “recovery” of the last five years has been fuelled by cheap borrowed dollars. Now that the US dollar has broken out of a multi-year range, we are going to see more and more “risk assets”, including projects or investments funded by borrowed dollars around the world, decline significantly in value step by step. Oil is just the beginning of this rout and needs to be looked at in the context of a bigger picture.

    “2. Slow to negative growth economies that are closely aligned with commodities — all of which are priced in US dollars — are also going to get demolished step by step. Look at recent examples: Russia, Nigeria and Venezuela on the one hand and Brazil, Turkey and Indonesia on the other.

    “3. The bigger story here is not about a mercurial oil price decline alone; it’s about a massive bubble in multiple risk asset classes aided by borrowed dollars blowing up step by step in a cascade. The last time around it was a housing bubble crash in 2007-2009. This time it’s an all asset classes bubble save the US dollar. Isn’t oil just the Canary in that coal mine shaft? Remember when a few years back the unintended consequences of quantitative easing or printing money were discussed extensively. Whilst the examples of the Weimar Republic and hyperinflation abounded both within and without ATCA 5000’s Socratic dialogue, it may well be that the reverse may yet come to pass as an alternative scenario. We also discussed, a massive global debt deflationary spiral across most asset classes and particularly in the emerging market countries unleashed, perhaps unintentionally, by the US Federal Reserve’s eventual monetary policy tightening.”(Emphasis added)

    Or perhaps it is entirely intentional, and a mechanism whereby the USA’s strategic “pivot to the Pacific” and “eastward pivot” of its NATO bases have been deliberately coupled to the timing of Russia’s recent institution of an alternative financial clearing system. In the wider geopolitical context, in other words, it makes entire sense to use this mechanism to prevent further BRICSA collaboration, further Chinese penetration of Asian markets, and to weaken commodities driven markets.

    Ok, that’s clear enough, but where’s the high octane speculation part of this? It’s suggested in those last italicized lines of the quotation above, for if the Fed’s policy is a matter of deliberate and intentional geopolitical and financial policy designed to ring in the BRICSA bloc, then we can expect it to be coupled to certain other developments, like increasing or expanding American military presence and bases in countries such as Thailand, and a deepening of economic and even military ties with – here it comes – Vietnam, increased pressure on countries such as Indonesia to become part of an expanded alliance system in the south Pacific, and so on. Time will, of course, tell, but for the moment, my money’s on all of this being part of a grand strategic policy, and quite deliberate, with the Fed playing its dutiful role. If so, then watch American diplomatic moves with Thailand, Vietnam, and Indonesia, in addition to the “usual players”(Japan, Australia, etc.).

  6. RonMamita says:

    ‘Black Thursday’ for 60,000 Greek Borrowers of Swiss Banks

    http://greece.greekreporter.com/2015/01/15/black-thursday-for-60000-greek-borrowers-of-swiss-banks/
    Swiss National Bank

    An unexpected development came out earlier today from the Swiss National Bank (SNB). More than three years of stability (since 2011) between the European currency and the Swiss franc just ended today, when SNB abandoned attempts to cap the currency’s value. The Swiss side surprised the markets by announcing that it interrupts the minimum exchange rate of 1.20 per euro.

    According to banking officials, this decision caused a damage exceeding one billion euros to some 60,000 Greek borrowers who have open loans in francs due to the Swiss currency soaring.

    Panic prevailed in the markets after the SNB announcement, while the Swiss currency was strengthened by about 30% against the euro (0.805 francs per euro). At the same time, the Swiss franc’s rate was reduced by 0.75% (from -0.25%) with SNB stressing that the currency is still overvalued, but less than before. Furthermore, it set a new range for the three-month libor between 1.25% and -0.25%, and said it abandons the minimum rate target to the euro (1.20 Swiss francs per euro).

    In its communication, the Central Bank of Switzerland stated that “despite the fact that the Swiss franc is still overvalued, this overvaluation has been decreased in relation to the application of the minimum rate measure.”

    “Black Thursday” for 60,000 Greek borrowers

    Within a few minutes, this development caused damages exceeding 1 billion euros to more than 60,000 Greek borrowers who have loans (mainly mortgage loans) in Swiss francs. According to data from the country’s banks, the total amount of these loans reaches 6 billion euros, and with the Swiss franc’s exchange rate jump, they will need a lot more euros to pay back capital and installments.

    Bank officials, however, indicated that borrowers who have debts in Swiss francs should not make hasty movements, because if they now convert their loans to euros, they will record actual losses, while if they decide to remain in the Swiss currency, the losses are accountable and thus potentially reversible.
    – See more at: http://greece.greekreporter.com/2015/01/15/black-thursday-for-60000-greek-borrowers-of-swiss-banks/

    • RonMamita says:

      My emotions are surfacing, I feel my emotions have been restricted since 2008 crisis was revealed. The settings were discussed 7 years ago and perhaps finally the curtains are parting for the show to begin…
      I wish there was somewhere safe to simply sit back with popcorn and soda to enjoy watching the story unfold.

      Swiss central bank may have yanked the carpet (Peg) from underneath the Euro currency and bankruptcies are expected in a contagion:
      “The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules.” http://www.alpari.com

      Armstrongeconomics said:
      “The move in the Swiss was extraordinary because of the massive short-Swiss through loans and their own buying of Euros. The audacity of the IMF to even state they will look into this as if they have any such authority or credibility is just stunning. They want the inside info so they can line their own pockets along with friends.

      The British brokerage house Alpari (UK) Limited has entered insolvency due to the Swiss move. There is no way a Broker can limit the risk of an account when something moves 30%. There is more fallout to come. Just keep in mind this will happen when the dollar rises for there is even a larger short-dollar position around the globe. What we have seen in the Swiss will be the dress rehearsal for the dollar.”

      * * *

      Yesterday is being called Black Thursday.
      The Swiss central bank is concerned and has issued a statement to homeowners who have their mortgages in the Swiss currency to not panic, but rather hold onto the mortgage in Swiss currency because it may later swing in the homeowner favor
      My oh my!
      Hmm… the day may come when the USD will do this too, and leave many emerging markets over their heads in debt when they can not keep up with the soaring interest payments for infrastructure projects and other major construction.
      Considering the ponzi economy and the global fraud as so UN-necessary with much misery and suffering to follow as the club members buyout the smaller companies, resources, and assets in another great wealth transfer.
      Casino motto: the House always wins.
      Magic 7
      70 years of the USD as the dominate and major reserve currency for the world.
      7 years since the Great Recession was addressed by the money masters.
      The grand opening is on stage and 7 years of preparations has ended. The G20 reforms are being implemented.

      Will White Hats come to the rescue?
      Will mass arrests and professional assassinations commence?
      Will Grand Juries announce guilt?
      Those 3 questions are the 3 things that could halt this, along with mass public noncompliance. Grassroots is my wish, yet it has not reached critical mass.
      _________________________________________________

      Remember, It Is Scripted for puppet governments to follow

  7. RonMamita says:

    Davos 2015: Turkey’s Vision for the G20

    Video Jan 21, 2015
    Ahmet Davutoglu

  8. RonMamita says:

    Andy Hoffman: Central Banks to Lose All Credibility

    Jan 22, 2015
    Andy Hoffman, precious metals market analyst and media director at Miles Franklin (milesfranklin.com) joins us on Reluctant Preppers, in the wake of the Swiss Bank un-pegging its currency from the Euro, to warn us that 2015 will be a watershed year that will impact each of our financial lives in a big way!

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The Worldwide Wave of Action
Peaceful Global TransitionApril 4th, 2014
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
State Sponsored Terror
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Institutions of crime Big days have come and gone (government Elections, and Tax filing). Search for what is hidden and for what is not spoken. Be Aware of the next big Day for fraudulent institutions.
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