The U.S. could potentially veto the yuan’s inclusion in the SDR basket because the change would require the support of as much as 85 percent of voting shares on the IMF’s executive board. The U.S. has 17 percent of the votes. The IMF said it’s too soon to say whether the move would require 70 percent or 85 percent of the vote under the institution’s bylaws.
Holly Shulman, a Treasury Department spokeswoman, said in an e-mail that it’s too early to speculate on the outcome of the IMF review.
China probably hasn’t done enough to liberalize controls over its currency and financial markets to sway the U.S., said Edwin Truman, who was assistant secretary for international affairs at the Treasury Department during the Clinton administration.
One survey found that 75 percent of those living in China believe that their country is on the right track.
On the other hand, Americans are not nearly as optimistic.
According to one average of recent surveys, only 28 percent of Americans believe that the United States is on the right track.
“Plunge Protection Team” was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to manipulate the markets.
Central bankers, regulators, and governments are threatening them and labeling them as Black Markets .
James joins Kerry Lutz on the Financial Survival Network to discuss his latest research, including a new report detailing the extent of central bank manipulation of the equities market. They also discuss gas pipelines in the news from Ukraine to South Stream and how pipelines in Europe, Central Asia and East Asia will be a key driver of global geopolitics in the coming years.
we expect more “whistleblowing”, secession movements, local currencies, community farms, alternative energy technologies, and common law criminal court cases accusing government officials and corporate executives of harming and injuring people.
This grassroots movement and exercise of freedom is the shift.
Mark Carney, the Governor of the Bank of England, …defended the Bank against MPs’ suggestions it should have been more alert to the possibility of foreign exchange market manipulations
“Janet Yellen, Ben Bernanke, Boehner, Obama, Merkel, – those thugs would appear to have convinced the investing community that near term liquidity, that is cash in the system, is a substitute for solvency.”
Rick Rule from Sprott Global Resource Investments
*Central planners are managing (or mismanaging) the global financial collapse…
“Bitcoin, the digital ‘crypto-currency’ has passed the $1,000 mark for the first time in history, marking a growth of some 4,000% since the beginning of the year.”
Do you tend to live within assumptions from which to derive happiness and security? Do you tend to believe the U.S. Govt and Military take care of the population and protect it? Do you tend to believe the CIA seeks…
Peace Today
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