-- Published: Monday, 14 August 2017 | Print | Disqus
By Rory Hall
Editors Note – The real “meat of the matter” lies within the supporting articles, documents and interviews that are hyperlinked throughout this article and the articles linked are loaded with additional hyperlinks. I would encourage the use of all links.
As a lot of you know, Lynette Zang has been under fire after the interview with SGTReport about the ACChain being tied to the SDR. There have been several people to argue that she is 100% wrong and made videos showing what an SDR is, “calling the IMF”, having roundtable discussions and a variety of other attacks from former hard asset community members turned digital profiteers. The question I have is this – when was the last time a policy, bill or law was implemented then shelved and never used for it’s intended purpose? How many of these people have discussed the SDR with the Chief of the SDR or read any of the documents surrounding, not only the Original SDR but the M-SDR? I would venture to say very few or zero. SDR’s have been sitting in a basket since their inception and have not been used for their intended purpose. That, however, is changing.
What about the IMF, in June 2017 as pointed out by The Daily Economist, stating that banks should get into the cryptocurrency space as reported on Investopedia
A June 2017 staff discussion note from the International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past. According to the IMF staff team responsible for the note, including prominent economists such as Dong He, Ross Leckow, and Vikram Haksar, “rapid advances in digital technology are transforming the financial services landscape.” These members of the IMF feel that such transformations generate new opportunities for consumers as well as service providers and regulators. The ultimate message of the report seems to be one of support for cryptocurrencies, as it outlines some of the ways that the fintech industry might be able to provide solutions for consumers related to trust, security, financial services, and privacy in this area.
Boundaries are Blurring
One of the key findings of the IMF report is that “boundaries are blurring.” This means that the borders between intermediaries, service providers, and markets, previously well-defined, have become blurry with the advent of new technology related to digital currencies and cross-border payments. Along with the blurring of these boundaries, the authors of the report suggest that “barriers to entry are changing.” This does not, however, mean that barriers to entry are universally being lowered. Rather, they are being lowered in some situations but raised for others, particularly “if the emergence of large closed networks reduces opportunities for competition.” Source
There’s nothing more comforting to me than a group of banksters discussing how they are looking out for my well being and my families wealth and security. Once again, not discussing counterfeiting, currency laws or the disruption of these new currencies coming online. Simply discussing how the banksters should embrace them and get on board.
If this doesn’t give you pause, then you are too far gone to address any further. I could care less about “256 bit” this or “528 bit” that – it doesn’t matter – laws and acceptance are what matter. The oligarchs still possess the keys to the kingdom and until they are wrestled out of their hands nothing changes. If someone believes the masses are going to join forces and be labeled a “terrorist” or a “drug dealer” well, you have not been paying attention at all.
As we discussed in 2016 the SDR is coming to the table and it will fulfill its intended purpose – when that will happen is the next question. Building puzzles takes time and, it appears, another large piece of the puzzle has been put into place with the development of the ACChain.
World Bank explains further
“This is a landmark development for China’s bond market and for the SDR as an international reserve asset,” said World Bank Group President Jim Yong Kim. “We are very pleased to support China’s growing role in global financial markets. World Bank issuance of SDR bonds in China will support the G-20’s objective of expanding the use of SDRs and help promote the development of China’s domestic capital market. It will also increase Chinese investors’ access to foreign currencies in the domestic bond market, while opening up new opportunities for international investors seeking high-quality investment products in the country.” [emphasis added]
In 2016 China was approved to join the SDR basket of currencies and was also approved to issue the M-SDR bond valued in Renminbi. The initial offering was oversold by 2.5 times the offering – not unusual, but shows people are interested. This means the M-SDR is now out in the market place. Where does it go from here? What are China’s plans, with this M-SDR priced in Renminbi?
This was another, very strong, indication of what is on the horizon and will be unfolding. We are seeing some of the unfolding right now – it happens everyday, just some days experience bigger moves than others.
As we have reported over the past several weeks the Federal Reserve Note (FRN), a.k.a. U.S. dollar, is on life support. The changes that are currently in motion, combined with the policy changes that have been approved, will assure the FRN will no longer be the world reserve currency and this will have a direct impact on you, your family and your wealth. As was stated recently by China’s President, Xi Jingping, it is time for action and time to stop talking.
The next five weeks will mark one of the most significant transformations in the international monetary system in over 30 years. Source
Has anyone bothered to review what has been put in place over the past several years in regards to “freeing” the SDR and moving this monetary nightmare into the global monetary system? Apparently not too many, however, several people are all the sudden some kind of expert on the subject. I am not an expert on SDR’s and do not claim to be. I have, however, dedicated hundreds of hours and tens of thousands of words to research on the subject and feel comfortable in my analysis.
When I interviewed Dr. Warren Coats in 2016, Chief of the SDR, we covered some of the ground that he had been developing and discussing for several years, if not several decades, regarding the use of the SDR at the global level. Did I mention Dr. Coats was the Chief of the SDR at the IMF?
Dr. Warren Coats served on the IMF from 1976 to 2003. He became chief of the Special Drawing Rights (SDR) division in 1983 and remained until he retired. Dr. Coats has more experience with the SDR than anyone else on planet earth. He also knows a little something about currencies after working with well over twenty different countries to either strengthen their currency or develop a new currency. Dr. Coats understands gold and understands gold as money. Source
The SDR has been sitting quietly in the corner awaiting its turn in the spotlight. There will be no grand entrance as that is not how the IMF nor China wishes for this to unfold. Bring as little attention to this situation as possible and simply make it part of everyday life. Or as George Carlin said – Nobody seems to notice, nobody seems to care.
In another article we penned on this subject we noted:
As Dr. Coates describes it in Larry White’s latest article:
“I fully agree that short of a real crisis, developing and expanding the role and use of the SDR will be a gradual step by step process. The development of private SDRs, for example, requires no decisions by the IMF at all if the existing currency basket is used. This was the topic of my “Asian Infrastructure Investment Bank and the SDR” article.” —- Warren Coats
I would ask anyone that questions the SDR’s role in the new ACChain to please re-read the above underlined statement. It may have some bearing on the current arguments that the IMF has not approved the SDR to be used with the ACChain. M-SDR’s are that “private SDR” Dr. Coats references above.
This is part of the overall scheme, as was stated by the World Bank – China is being used, as was the original intent, to bring SDR’s to the citizens and have them folded into the current monetary system with little fanfare and no one really paying attention. By doing so, the current monetary system can be circumvented with almost zero noticeable change to the system.
As the IMF recently stated as one of the goals of de-cashing the nations was to create scenarios where no one even questions what is happening because they do not realize what is happening and they awaken one morning and the cash is all gone. This new system will assist in making that happen – right under your nose.
Who’s excited about the cryptocurrency market? “WOW. I just became a gazillionaire with my shiny new Unicorn fiat cryptocurrency, based-on-faith, backed-by-nothing digital blips on a screen. WoooHoooo” I haven’t heard anything like that recently, have you? “Precious metals suck and I have lost soooooo much money on gold and silver.” Haven’t heard anything like that either, have you? I would argue this is part of the assimilation process, part of the enslavement process to suck more funds out of precious metals and into the new system of enslavement instead of a real system that has been proven to break the backs of the banking cabal throughout all of history. Since when did a “new currency” break the backs of the banking cabal? Gold, and only gold, has proven to have the fortitude to create real change and crush the banksters.
As we learned in a recent interview conducted by SGTReport, Brad Peters, Sr. Software Engineer, Intel, clearly shows the SDR as part of the code within the ACChain. No it does not show any ties to the IMF, which is not a requirement, but it clearly shows the SDR, which is the real issue that Lynette Zang was bringing to the table during the SGTReport interview just a day prior to the conversation with Brad Peters. jsnip4 also made a video in an attempt to dispel what Ms. Zang had stated. jsnip4, Joe, “called the IMF” to ask about this ACChain and the IMF explained to him they knew nothing about it. Well, why would they when it is not necessary to have the IMF approve the use of the SDR in this manner? Did anyone bother to even think the SDR in the code of the ACChain is tied to the M-SDR bond issued by China and can be freely issued by China? It would appear not.
The conversation continues and I still know that gold is part of the current monetary system and will be part of the future monetary system. What role it will play is yet unknown, but as I have stated time and again, China is not acquiring tons of gold to create more jewelry or produce more coins. The Belt and Road Initiative is not planning on having gold as payment across the “heartland” because they trust nations to do the right thing with their currency. Gold is money and everything else – EVERYTHING ELSE – is credit.http://thedailycoin.org/2017/08/14/sdr-assimilation-and-crushing-the-banksters/
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-- Published: Monday, 14 August 2017 | E-Mail | Print | Source: GoldSeek.com