Are You Ready For Monetary Reform?

The Money Mafia
I am experiencing difficulty typing today, therefore I will direct your attention to recordings from others preparing for the full implementation of monetary reforms by the banking industry (i.e. FSB, IMF, G20, and other organizations that collectively manage the worldwide monetary system).

For those who would like to review the actual text of the new U.S. pension regulation, here it is: savings-arrangements-final-rule

2016_G20 H E Li Keqiang

“This year is the first for China to hold the G20 presidency. It is also the first time for the G20 Finance Ministers and Central Bank Governors Meeting to be held in China.” –H.E. Li Keqiang Premier of the State Council of the People’s Republic of China 26 February 2016

This is important
China is hosting the G20 Summit this week 29 Aug 2016. Heads of State are now arriving, the main agreement signing is on September 4-5, the 11th G20 Summit will convene in Hangzhou, China. The theme for the Summit is:
Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy”.

The G20 has become the key vehicle for implementing and promoting global economic governance.
Leaders from G20 member-states, guest countries, and heads of international organisations will attend. President Xi Jinping will chair the Summit and participate in a series of related activities.

Everyone’s bank & investment accounts, retirement and pension funds will be affected by the monetary reforms (away from unipolar-dollar to a multipolar reform) causing currency values to change drastically.
I remind you to expect their forceful efforts for monetary reform to be in place by the end of 2018.
That is why many expect big events in the weeks and months ahead.
How successful the money mafia will be, is another discussion that would include war, debt defaults by individual nations, development plans, and other opposing efforts.
Remember, “It is not an accident, it is Policy.” ~Ron
§

Central-Bank-Confidence-2

Governments are beginning to depart from the grip of austerity forced upon Europe by Merkel which has greatly suppressed economic growth and created an economic depression exactly as what took place during the 1930s. The option of deliberately creating deflation was the policy of Germany only because they misunderstood the causes behind the German hyperinflation of the 1920s. The failure of the economy to rebound in Europe and in Japan, while the United States has been only a dead-cat-bounce, led to governments insisting politically that central banks maintain and extend their own stimulus efforts.

It is clear, central bankers are in a state of panic. They are looked upon as the sole economic magician and this political shift for responsibility has overburdened then dramatically. They know all too well that serious structural reforms are now necessary. However, central bankers can’t be seen to be giving up on this Keynesian/Marxist policy Volcker called the “New Economics” and Larry Summer pushed to Negative Rates. They are now trapped, unable to reverse policy without sending a signal that they’ve have failed. The great fear is the collapse in confidence, which is on the horizon. –Armstrongeconomics.com

Title: PM Trudeau heads to China for G20 Summit
Video posted 29 Aug 2016

There’s a consensus, [Paul Martin] suggested, that the World Trade Organization shouldn’t be written off the way it has been in recent years — and that the central banks have gone as far as they can go with monetary policy “without the fiscal side playing its role.”

In advocating for support for these and other multilateral institutions, Trudeau has an opportunity to “play the leading role in making globalization work,” Martin said. –nationalpost.com

 

Title: G20 Summit: Chinese ambassador on Sino-American ties
Video posted 29 Aug 2016

A rise in the dollar is the key to the Sovereign Debt Crisis. Now, even the Bank of International Settlements is starting to warn that there are so many loans in dollars outside of the USA, which were originally to save on interest way back when, that a rise in the value of the dollar will cause a cascade failure in sovereign debt, especially among emerging markets. There may be the skeptics out there who think we are just making a lot of noise, but those in high places pay attention to our models no matter what the critics think. A strong dollar is the lynchpin that unravels everything. This is not about gold or hyperinflation. Clearly, those people lack any comprehension of what is unfolding on a global scale.

Central bankers are trying to keep the dollar from rising. This is what has been going on. They are fighting tooth and nail against the trend, but our computer says they will lose. The ECB’s insane policy of negative rates is tearing Europe apart and we can look at the raw capital flows to see how the peripheral economies within the Eurozone are moving to hedge the failure of the euro. The European banking crisis is beyond contemplation. The main central banks are selling Treasuries while the peripherals are buying. Just open your eyes and forget the propaganda. –armstrongeconomics.com

.

Title: Martin Armstrong ; Sovereign Debt Big Bang Scheduled for august 2016

Already, the weak minded are moving to government-only funds that will just be like the Japanese funds were who hid any losses. The accounting will assume you have lost nothing as long as it is government paper. Investors are being told already that their money market funds restricted to government paper are 100% safe and will always return their money. The floating NAV values for all other funds are risky.

Fed Excess Reserves

What is happening is very clear, almost $500 billion has moved from money market funds into government funds. Total assets in money market funds have now dropped below $1 trillion for the first time in 17 years. This is very bad for it will enhance the economic decline when banks are already not supporting the economy and hoarding cash deposited at the Fed in its Excess Reserves facility.

Despite the hoopla that sales of US Treasuries are signaling that the end is near, to the contrary, the landscape is changing already and the new rule has not yet gone into effect.

Read more…

Title: REALIST NEWS – Martin Armstrong on Gold in the future
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RELATED:
https://ronmamita.wordpress.com/2016/08/21/worldwide-noncompliance-to-stop-world-war/
https://ronmamita.wordpress.com/2016/08/07/what-should-the-u-s-do-about-the-failed-federal-reserve-note-aka-u-s-dollar/
https://ronmamita.wordpress.com/2016/06/30/2016-a-major-building-year-for-the-global-banking-reforms-to-meet-2018-schedule/
https://ronmamita.wordpress.com/2016/04/14/g20-gang-of-twenty-banksters/
https://ronmamita.wordpress.com/2013/05/04/the-big-criminal-list/
https://ronmamita.wordpress.com/2013/05/04/global-ruling-tools/
https://ronmamita.wordpress.com/2013/04/30/the-new-rules-have-gone-into-effect/
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9 comments on “Are You Ready For Monetary Reform?
  1. RonMamita says:

    Wang Yi: Strive to Achieve Ten Results from G20 Hangzhou Summit

    See: http://www.g20.org/English/image/201606/t20160601_2295.html

    1) mid-long term impetus of global growth.
    2) implement the UN 2030 Agenda for Sustainable Development.
    3) All parties have reached consensus on the nine priority fields of the G20 structural reform. * identify priority fields, guiding principles and index system for structural reform.
    4) draft strategies for global trade growth.
    5) set out guiding principles for global investment policies.
    6) deepen the reform of international financial architecture. *RMB inclusion into SDR, “On this basis, we will push the IMF to finish the 15th General Quota Review and further optimize global financial security network so as to safeguard international financial stability.”
    7) “establish three-in-one cooperation on anti-corruption. We will push the G20 to work out high-level principles on international fugitive repatriation and asset recovery, set up a research center on fugitive repatriation and asset recovery, and make 2017-2018 anti-corruption action plan.”
    8) launch a cooperation initiative to support the industrialization of Africa and the least developed countries.
    9) draw up entrepreneurship action plans.
    10) promote the early entry into force of the Paris Agreement on climate change.

    * * *
    2016_G20 H E Li Keqiang

    “This year is the first for China to hold the G20 presidency. It is also the first time for the G20 Finance Ministers and Central Bank Governors Meeting to be held in China.” -H.E. Li Keqiang Premier of the State Council of the People’s Republic of China 26 February 2016

    Title: Can G20 summit help world economy? Get expert’s views
    Video posted 29 Aug 2016

    According to a Bank of America Merrill Lynch report in June, interest rates in developed countries, in particular America’s 0.5 percent, are now at the lowest level in 5,000 years.

    Low interest rates, negative yields on government debt and quantitative easing are part of the biggest financial experiment in world history, and the consequences are yet unknown, says RIT Capital Partners Chairman Lord Rothschild.

    “The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 percent of global government debt at negative yields, combined with quantitative easing on a massive scale,” Rothschild writes in the company’s semi-annual financial report.

    The banker notes this policy has led to a rapid growth of stock markets – US stocks have grown threefold since 2008…
    However, the real sector of economy didn’t enjoy such a profit, as “growth remains anemic, with weak demand and deflation in many parts of the developed world,” according to Rothschild.

    The billionaire underlined that many risks remain for the global economy with the deteriorating geopolitical situation. Among those risks Rothschild included Britain’s vote to leave the European Union, the US presidential election, and China’s slowing economic growth. Another risk is global terrorism, which Rothschild says is a consequence of the continuing conflict in the Middle East.
    Read more…

    “G20 summit is expected to provide answers to the most burning issues of the modern world”

    a major Russian business leader has said.

    “The efforts of the organizers of the summit and the work under the chairmanship of China leave no doubt that the most relevant and well worked out issues will be submitted for consideration at the G20, the answers that will determine the future agenda, not only in the economic but also in social and humanitarian spheres,” Kirill Dmitriev, Director General of the Russian Direct Investment Fund (RDIF), told Xinhua. […]

    Investment cooperation, to which China contributes greatly, plays a special role, Dmitriev said, adding that Russia and China have the same understanding of the majority of the agenda items.

    “The two countries believe that there should be no barriers for the flows of investment capital and they see considerable potential in the joint implementation of infrastructure projects, especially cross-border projects,” he noted.

    Dmitriev believed that the implementation of joint infrastructure projects can be a driver of bilateral cooperation. […]

    Currently, the financing and construction of the Russian part of it are underway, Dmitriev said.
    The intergovernmental Russia-China Commission for Investment cooperation is currently considering 66 projects for a total value of $100 billion, he said.
    […]
    The Russian Direct Investment Fund created in 2011 is the country’s sovereign wealth fund, which makes direct investments in leading and promising Russian companies alongside top global investors. –chinadaily.com.cn

    Portugal to bail out its biggest bank to the tune of €5bn

    The European Commission and Portugal have agreed to inject up to €5 billion into the country’s biggest and ailing bank Caixa Geral de Depositos (CGD).
    The sum will include a €2.7 billion recapitalization provision, selling €1 billion in subordinated debt to private investors and converting €960 million of contingent convertible (CoCo) bonds into equity.

    After Portugal had two bank rescues in 2014 and 2015, which has undermined investor confidence, its largest bank by assets CGD needs capital because of a number of bad loans.

    Lisbon has been negotiating the deal with Brussels so the injection doesn’t count as state aid and therefore not subject to the budget deficit. Portugal has vowed to slash the budget deficit to 2.5 percent of GDP in 2016 from last year’s 4.5 percent.
    Read more…

    Once Again Growth Estimates Revised Down:

    Anemic “world growth creating uncertainties and fragilities that need to be addressed in a cooperative, predictable and transparent manner.”

    Title: IMF Presents the Updated World Economic Outlook July 2016
    Video posted 19 Jul 2016 by IMF

  2. RonMamita says:

    Jack Lew Furious After Europe Set To Hit Apple With “Largest Tax Penalty Ever”

    Just minutes after the excitement over Apple’s new product announcement hit, The FT drops a rather more painful headline stating that Apple will on Tuesday be hit with Europe’s largest tax penalty after Brussels ruled that the company received illegal state aid from Ireland. Despite Treasury Secretary Lew’s pleas/demands just a week ago that the EU back off, the company will have to pay billions of euro in back taxes to Dublin as the European Commission moves to redraw the boundaries on aggressive tax avoidance by the world’s biggest corporations.
    Read more

    European Banks Prepare For “Economic Nuclear Winter”

    With negative rates (and a plunging yield curve) banks’ earnings are under threat but the concerns over the potential for contagious European break-up and collapse of the pound after Article 50 is signed is existential.
    […]
    Speaking on the condition of anonymity due to the sensitive nature of the topic, a source from a major investment bank told CNBC that financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.
    Read more…

    The Euro Crisis

    Title: Greece needs a complementary currencyez Bernard Lietaer
    Video posted 01 Jul 2016
    “Greece needs a complementary currency” -Bernard Lietaer

  3. RonMamita says:

    Title: The American Illusion
    Video posted 29 Aug 2016

  4. RonMamita says:

    Civilization By Design: China

    Civilization is scripted.

    I think this is as blatant as it will get, out in plain sight is social and cultural engineering on display in China.
    The IMF shares the plan to transform China into a consumer economy:

    Title: How Does China’s Outlook Stack Up?
    Video posted 12 Aug 2016

    This is a task (industrializing from rural/agrarian to urban communities) that was carried out in the Americas and the islands, Now I am witnessing it carried over to China.

    China continues its transition to a sustainable growth path. Rebalancing has progressed on many dimensions, particularly switching from industry to services and from investment to consumption, but less on reining in rapid credit growth. Reforms have advanced impressively across a wide domain, but lagged in some critical areas, and the transition to sustainable growth is proving difficult, with sizable economic and financial volatility. Vulnerabilities are still rising on a dangerous trajectory and fiscal and foreign exchange buffers, while still adequate, are eroding. –IMF Summary

    Title: IMF On China’s Economy – August 2016
    Video posted 12 Aug 2016

    Another August 2016 IMF consultation document stated the IMF Executive Board Assessment:

    Executive Directors commended the Chinese authorities for their strong determination to achieve more balanced, sustainable growth. They noted that economic growth continues to moderate and is driven increasingly by services and consumption. Directors welcomed the impressive progress on structural reforms in many areas, notably interest rate liberalization, internationalization of the renminbi, and urbanization. They also welcomed the 13th Five‑Year Plan, with its ambitious goals centered on economic rebalancing.

    Directors noted that China’s economic transition will continue to be complex, challenging, and potentially bumpy, against the backdrop of heightened downside risks and eroding buffers. They stressed the need for decisive action to tackle rising vulnerabilities; reduce the reliance on credit‑financed, state‑led investment; and improve governance, risk pricing, and resource allocation in the state‑owned enterprise (SOE) and financial sectors. Directors emphasized that consistent, well‑coordinated, and clearly‑communicated policies are key to a smooth, successful transition, which will eventually benefit the global economy.

    Read more: https://www.imf.org/en/News/Articles/2016/08/11/20/37/PR16374-China-IMF-Executive-Board-Concludes-2016-Article-IV-Consultation

    Title: Integrated Collection System (ICS)- Video tutorial
    Video posted 15 Jul 2016

  5. RonMamita says:

    Banking Crisis Continues:

    Deutsche Bank failed to deliver gold, and the bank’s exchange market audit revealed deception in stock value:
    *The S&P’s Value Is Due To Central Banks
    *Deutsche Bank Failed To Deliver Physical Gold

    Title: NEWS AND VIEWS FROM THE NEFARIUM SEPT 1 2016
    Video posted 01 Sep 2016

    ZeroHedge reported that Deutsche Bank (DB) has defaulted on its obligation to deliver bullion out from its European gold ETF. The fund in question is Xetra-Gold, an Exchange-Traded commodity fund which in the past has differentiated itself by representing that “every gram of gold purchased electronically is backed by the same amount of physical gold”. The fund’s designated sponsor and principal bank is none other than Deutche Bank. According to the fund’s marketing materials, the fund differs from competing products because “Investors always have the possibility of demanding delivery of the securitised amount of gold per bearer note against the issuer.” The fund also claims that “since the introduction of Xetra-Gold in 2007, investors have exercised this right 900 times, with a total of 4.5 tons of gold delivered.”

    Something appears to have changed in 2016, and Xetra-Gold and Deutche Bank have informed at least one large shareholder requesting redemption that “the service” was no longer available, as of today.

    This redemption default comes at a time when anxious savers in Germany and other countries subjected to negative interest rate policies of central banks are searching for alternatives to preserve and grow savings. The trend has manifested in efforts by Germans to hoard cash and precious metals, and can be confirmed by a huge upsurge in recent demand in Germany for personal safes in which to secure hard assets outside of the banking system. Until now, many have assumed that “paper gold” derivatives, such as ETFs designed to track the price of gold, were as good as the metal itself. However, the Xetra-Gold default has called this assumption into question.

    read more: https://steemit.com/money/@thylbom/deutsche-bank-defaults-on-gold-delivery

  6. RonMamita says:

    Milan Prosecutors Seek To Shelve Probe Against Monte Paschi

    http://www.zerohedge.com/news/2016-09-01/milan-prosecutors-seek-shelve-probe-against-monte-paschi-it-could-undermine-investor

    Italy Prosecutors Said to Request Closing of Paschi CEO Probe

    A string of bank crises in Italy threatens the EU!

    Title: REALIST NEWS – Prosecutors Seek To Shelve Probe Against Monte Paschi (Italian Bank) Insolvent?
    Video posted 2 Sep 2016

  7. RonMamita says:

    Shift From West To East

    Title: China’s responsibility for G20
    Video posted 02 Sep 2016

    Title: Dialogue— Think Tanks and The G20 09/02/2016 | CCTV
    Video posted 02 Sep 2016

    Title: U.S. President Barack Obama arrives in China for G20 summit
    Video posted 03 Sep 2016
    _________________________

    The Economic Decline Continues:

    Title: Central Banks Are Now Practicing Backdoor Monetization – Episode 1065a
    Video posted 02 Sep 2016

    Title: The New World Order’s Secret Global Court Will Rule Over The People & Governments – Episode 1065b
    Video posted 02 Sep 2016

  8. RonMamita says:

    Title: The Mother Of All Bubbles, When The Debt Bubble Pops It Will Be Sudden And Rapid:Chris Martenson
    Video posted 07 Sep 2016

    What is the Central Bank Doing?

    Title: Chris Martenson-Fed Afraid of Most Damaging Bubbles Ever
    Video posted 6 Sep 2016

  9. RonMamita says:

    When Will The DEBT Bombs Fall?

    Markets will crash!
    Markets are weak, markets are in jitters, and markets are propped up by central banks’ free money while that mis-allocated capital has wrecked the economy.

    Title:The collaspe is coming, Deutsche bank on the ropes for another $14 billion
    Video posted 16 Sep 2016

    Title: BREAKING: Deutsche Bank Domino About to Kick Off “The End”
    Video posted 15 Sep 2016

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The Worldwide Wave of Action
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