JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
THE EU EUROZONE CURRENCY
https://www.youtube.com/playlist?list=PL5C2C2383444CDA3D
https://www.youtube.com/user/ecbeuro
https://www.youtube.com/user/eutube
https://www.youtube.com/user/pressecdr
http://ec.europa.eu/economy_finance/euro/index_en.htm
EUROPEAN CENTRAL BANK
https://www.ecb.europa.eu/home/html/index.en.html
https://www.ecb.europa.eu/press/pressconf/2015/html/is150903.en.html
NEW EU CURRENCY NEXT YEAR-STEVEN BEN DENOON
https://www.youtube.com/watch?v=70u-R9DelWY&list=UU3q-ByZ2eoOikcEiajMYXXA
Published on Sep 3, 2015-The fears that so many have had after the book by Jonathan Cahn of Global melt down, a collapse of the US Dollar is more real than one might expect. The problem is that this will not be a result of prophecy as Jonathan's books alludes but a calculated Vatican Global Take Over! President Putin With President Zeman hinted today CT24 News of coming New Global currency. Also there is buzz that all Europe is going to a new currency next year in 2016.
Putin Says: We Will Dump The US Dollar-By Ted on September 2, 2015 in Featured, General-By Theodore Shoebat
Putin has drafted a bill, the objective of which will be to neutralize the US dollar and the euro from trade in between the Common Wealth of Independent States (CIS): Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.The bill would also help to facilitate trade in the region and help to achieve macro-economic stability.Within the framework of the Eurasian Economic Union (EEU) the countries have also discussed the possibility of switching to national currencies. According to the agreement between Russia, Belarus, Armenia and Kazakhstan, an obligatory transition to settlements in the national currencies (Russian ruble, Belarusian ruble, dram and tenge respectively) must occur in 2025-2030.Today, some 50 percent of turnover in the EEU is in dollars and euro, which increases the dependence of the union on countries issuing those currencies.Outside the CIS and EEU, Russia and China have been trying to curtail the dollar’s dominance as well.
Economic and Monetary Union-european union
Economic and Monetary Union (EMU) represents a major step in the integration of EU economies. It involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro. Whilst all 28 EU Member States take part in the economic union, some countries have taken integration further and adopted the euro. Together, these countries make up the euro area.The decision to form an Economic and Monetary Union was taken by the European Council in the Dutch city of Maastricht in December 1991, and was later enshrined in the Treaty on European Union (the Maastricht Treaty). Economic and Monetary Union takes the EU one step further in its process of economic integration, which started in 1957 when it was founded. Economic integration brings the benefits of greater size, internal efficiency and robustness to the EU economy as a whole and to the economies of the individual Member States. This, in turn, offers opportunities for economic stability, higher growth and more employment – outcomes of direct benefit to EU citizens. In practical terms, EMU means:Coordination of economic policy-making between Member States-Coordination of fiscal policies, notably through limits on government debt and deficit-An independent monetary policy run by the European Central Bank (ECB)-Single rules and supervision of financial Institutions within the euro area-The single currency and the euro area-Economic governance under EMU-Within EMU there is no single institution responsible for economic policy. Instead, the responsibility is divided between Member States and the EU institutions. The main actors in EMU are:The European Council – sets the main policy orientations-The Council of the EU (the 'Council') – coordinates EU economic policy-making and decides whether a Member State may adopt the euro-The 'Eurogroup' – coordinates policies of common interest for the euro-area Member States-The Member States – set their national budgets within agreed limits for deficit and debt, and determine their own structural policies involving labour, pensions and capital markets-The European Commission – monitors performance and compliance-The European Central Bank (ECB) – sets monetary policy, with price stability as the primary objective and act as central supervisor of financial Institutions in the euro area-The European Parliament - shares the job of formulating legislation with the Council, and subjects economic governance to democratic scrutiny in particular through the new Economic Dialogue-Completing the Economic and Monetary Union-Following the outbreak of the economic and financial crisis, the European Union took unprecedented measures to improve the economic governance framework of EMU (such as the strengthening of the Stability of Growth Pact or the adoption of new mechanisms to prevent economic imbalances and better coordinate economic policies).Timeline on the Evolution of EU Economic Governance in Historical Context-However, these emergency measures needed to be consolidated and completed in the long-term so as to avoid that a new crisis could affect EMU so strongly. Therefore, the Presidents of five European Institutions – the European Commission, the European Parliament, the European Central Bank and the European Council (as President of the euro summit) – laid down a roadmap to deepen the Economic and Monetary Union in two stages as of July 2015 and complete it by latest 2025.Stage 1 or "Deepening by Doing" (1 July 2015 - 30 June 2017): using existing instruments and the current Treaties to boost competitiveness and structural convergence, achieving responsible fiscal policies at national and euro area level, completing the Financial Union and enhancing democratic accountability.Stage 2, or "completing EMU” (by 2025): more far-reaching actions will be launched to make the convergence process more binding, through for example a set of commonly agreed benchmarks for convergence which would be of legal nature, as well as a euro area treasury.
http://ec.europa.eu/priorities/economic-monetary-union/index_en.htm
http://ec.europa.eu/priorities/index_en.htm
http://ec.europa.eu/priorities/global-actor/index_en.htm
http://ec.europa.eu/priorities/digital-single-market/index_en.htm
Washington’s Financial Currency War on China: The Eclipsing of the US Dollar by the Yuan-By Mahdi Darius Nazemroaya-Global Research, August 31, 2015
Chinese vs. US currency-The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street.Fearing the eclipsing of the US dollar and the Bretton Woods system by a rival financial architecture the US response has been an attempt to damage the Chinese markets and increase the value of China’s currency. China has responded through regulations in the market and then quantitative easing of its currency to maintain the low prices of Chinese manufactured goods and exports.Beijing’s quantitative easing is a reaction or response to the financial manipulation of Washington and Wall Street. Additionally, Washington never thought that the Chinese would respond by dumping US Treasury bonds. Instead of the hysteria about the Chinese economy, «the impending collapse of the US dollar should be getting all of the attention of investors», one US economist (Peter Schiff) has warned. Schiff’s voice is one of many analysts saying that the talk about the Chinese economy faltering is exaggerated and bad spirited.As the financial architecture of the world is being altered by China and Russia, the US dollar is gradually being neutralized as one of Washington’s weapon of choice. Even the monopoly of Washington’s Bretton Woods system formed by the International Monetary Fund (IMF) and World Bank is being directly challenged. Although they do not constitute alternatives to neoliberal economics, the BRICS News Development Bank (NDB) and Beijing’s Asian Infrastructure Investment Bank (AIIB) are challenging the Bretton Woods system through a rival financial structure.The US Empire has been cognizant of the moves to establish a rival financial order. Policymakers in the Washington Beltway, the Pentagon, and Wall Street all watched the dual summits of the BRICS and Shanghai Cooperation Organization in the Russian city of Ufa with concern. Up to that point, they had been waging an information/propaganda, energy, financial market, currency war, and general economic war against the Russian Federation. Post-Ufa, they extended the financial market and economic war to China.Banks and governments in the European Union had been considering and examining the use of China’s national currency, renminbi/yuan, as a reserve currency. This was because of the attractiveness of the stability of the renminbi as a currency. This had Washington and Wall Street worried and was one of the factors that resulted in the expansion of the currency and financial war on Russia to China.Using speculation as a psychological weapon and market manipulation, the US launched a financial strike against the Chinese. This was done through an attempt to sink or crash the Chinese stock market and hurt investor confidence in the Chinese economy and its stocks. Beijing, however, reacted quickly by imposing controls on investment withdrawals. This prevented the snowballing of stock selloffs and defused the US financial bomb.As the value of the renminbi began to rise Beijing began quantitative easing to devalue its national currency as a means of continuing export trade. The US Congress and White House began to loudly object. They accused the Chinese of financial manipulation and demanded that Beijing do nothing to readjust the value of the renminbi. What the folks in the Washington Beltway wanted was for the Chinese to let the value of the renminbi rise as a means of disrupting China’s economy and market.The Chinese Dragon Strikes Back: Beijing Liquidates its US Bonds-Push China and it will push back. The buck (or, more properly, renminbi/yuan) did not stop with the introduction of regulations by Beijing. China took steps that shocked Wall Street and put Washington on notice.As US financial institutions began trying to hurt investor confidence in China through psychological tactics claiming that the Chinese economy was slowing down and that the Chinese market was in freefall, Beijing announced that it had bought 600 tons of gold in the span of a month and the People’s Bank of China had got rid of over 17 billion US dollars from its foreign exchange reserves. China’s foreign exchange reserves — excluding the foreign reserves of the Hong Kong Special Administrative Region and the Macau Special Administrative Region — were 3.71 trillion (37,111,430 million) US dollars in May 2015. They had dropped to 3.69 trillion (36,938,380 million) US dollars by June 2015.The financial market webpage Zero Hedge, which had been following this development, explained what it had discovered was taking place: «We then put China’s change in FX reserves alongside the total Treasury holdings of China and its ‘anonymous’ offshore Treasury dealer Euroclear (aka ‘Belgium’) as released by TIC, and found that the dramatic relationship which we first discovered back in May, has persisted — namely virtually the entire delta in Chinese FX reserves come via China’s US Treasury holdings-The main point here was that China’s US Treasury bonds «are being aggressively sold, to the tune of $107 billion in Treasury sales so far in 2015». By following China’s financial transactions in Belgium, Zero Hedge had actually calculated that Beijing had dropped 143 billion US dollars in three months. A few months later, in August, the Chinese dropped 100 billion US dollars worth of US Treasury bonds in the span of two weeks.A day later, on August 27, Bloomberg corroborated what Zero Hedge had identified. A Bloomberg report explained the following: «The People’s Bank of China has been offloading dollars and buying yuan to support the exchange rate, a policy that’s contributed to a $315 billion drop in its foreign-exchange reserves over the last 12 months. The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey».While the Bloomberg report emphasized that the Chinese were using US dollars to buy their own national currency, it casually mentioned, «Strategically, it probably has been China’s intention to find the right time to lighten up its excessive accumulation of U.S. Treasuries», citing an economist at Reorient Financial Markets Limited in Hong Kong.The Eclipsing of the US Dollar by the Chinese Renminbi-Wall Street should be worried about the economic problems at home in the US instead of trying to undermine China. The talk about the slowing down of the Chinese economy in part is distraction. It diverts attention from the decline of the US and is meant to enforce the efforts of Washington and Wall Street to rein in Beijing. The Chinese, however, continue to move forward undeterred.Beijing selected Qatar as its first renminbi clearing house in the Middle East and North Africa for regional exchange markets there in April 2015. The name of this clearing house is the Qatar Renminbi Centre. It will circumvent US financial structures and give greater access to oil and natural gas from the Middle East and North Africa to the People’s Republic of China.Despite the wishes of Wall Street and Washington, the Silk World Order is moving forward.This article was originally published by the Strategic Culture Foundation on August 30, 2015.
China calls for new global currency-BEIJING-By Joe Mcdonald, AP Business Writer-USA TODAY-ABCNEWS
China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.The surprise proposal by Beijing's central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments. Both the United States and the European Union brushed off the idea.The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."Zhou did not mention the dollar by name. But in an unusual step, the essay was published in both Chinese and English, making clear it was meant for a foreign audience.China has long been uneasy about relying on the dollar for the bulk of its trade and to store foreign reserves. Premier Wen Jiabao publicly appealed to Washington this month to avoid any response to the crisis that might weaken the dollar and the value of Beijing's estimated $1 trillion in Treasuries and other U.S. government debt.For decades, the dollar has been the world's most widely used currency. Many governments hold a large portion of their reserves in dollars. Crude oil and many commodities are priced in dollars. Business deals around the world are done in dollars.But the financial crisis has highlighted how America's economic problems — and by extension the dollar — can wreak havoc on nations around the world. China is in a bind. To keep the value of its currency steady — some say undervalued — the Chinese government has to recycle its huge trade surpluses, and the biggest, most liquid option for investing them is U.S. government debt.To better insulate countries from the ills of one country or one currency, Zhou said the IMF should create a "reserve currency" based on shares in the body held by its 185 member nations, known as special drawing rights, or SDRs.He said it also should be used for trade, pricing commodities and accounting, not just government finance.In Washington, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both rejected China's call for a global alternative to the U.S. dollar's role as the international reserve currency.And the European Union's top economy official said the dollar's role as the international reserve currency is secure despite China's proposal."Everybody agrees also that the present world reserve currency, the dollar, is there and will continue to be there for a long period of time," EU Commissioner Joaquin Almunia said Tuesday after a meeting of the European Commission.Zhou also called for changing how SDRs are valued. Currently, they are based on the value of four currencies — the dollar, euro, yen and British pound. "The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies," he wrote.Beijing has been unusually bold in recent months in expressing concern about Washington's financial management and pushing for global economic changes. That reflects both its relative financial health and growing concern that increased globalization means missteps abroad could harm its own economy.Zhou's comments are also part of China's longstanding push to reform the IMF, World Bank and global financial system to give greater voice to China and other developing economies — another theme that will be heard from China, Brazil, Russia and India at the summit of Group of 20 major economies next week."Overdue reforms should give proper representation to and increase the say of the emerging and developing economies," Yi Xianrong, a researcher with the Institute of Economics and Finances at the Chinese Academy of Social Sciences, a government think-tank, wrote in the government newspaper China Daily."Proper representation and a bigger voice for the developing countries are the need of the hour. For instance, being the world's third-largest economy and the largest foreign reserves holder, China should get its due place in the monetary body." Another idea Yi raised was that the U.S. and Europe should give up their traditional privileges of appointing the heads of the World Bank and the IMF.The idea of a creating a new global reserve currency isn't new. But analysts say the proposal isn't likely to gain much traction because it faces major obstacles. It would require acceptance from nations that have long used the dollar and hold huge stockpiles of the U.S. currency."There has been for decades talk about creating an international reserve currency and it has never really progressed," said Michael Pettis, a finance professor at Peking University's Guanghua School of Management.Managing such a currency would require balancing the contradictory needs of countries with high and low growth or with trade surpluses or deficits, Pettis said. He said the 16 European nations that use the euro have faced "huge difficulties" in managing monetary policy even though their economies are similar."It's hard for me to imagine how it's going to be easier for the world to have a common currency for trade," he said.
Towards a New Joint Global Currency? Putin Calls Upon Washington “Not to Meddle in Russian Affairs”-By Peter Koenig-Global Research, November 24, 2014
On 22 November 2014 President Putin, speaking at a forum of the ‘All-Russia Peoples’ Front in Moscow on 17 November, said “They [the US] want to subdue us, want to solve their problems at our expense. No one in history ever managed to do this to Russia, and no one ever will.”This is certainly no exaggeration. Russia has not only a solid trade and monetary alliance with China which already today bypasses the dollar dominated western system, Russia is also one of the key members of the BRICS and the Shanghai Cooperation Organization (SCO) which met last September in Dushanbe, Tajikistan to expands its current membership (China, Russia, Kazakhstan, Tajikistan and Uzbekistan) by including India, Pakistan, Iran and likely also Mongolia. Turkey, hosting a strategically crucial NATO base, wavering between east and west, has wanted to become an SCO member for quite a while. Turkish-speaking SCO governments would likely support a Turkish petition. This would be a huge conflict and blow to the western powers, particularly Washington – and may not go ‘unpunished’.The expanded SCO would control some 20 percent of the world’s oil and half of all global gas reserves. The SCO and BRICS together would cover more than half the world’s population and control about a third of the globe’s GDP.The issuance of a joint new global currency either by these countries at once or step by step is almost a certainty. The question is when. Given the disastrous course of western economies, such a new currency and monetary system is not far off. It would gradually replace the (petro) dollar for world trading as well as a reserve currency. The latter has already started. Ten years ago about 90% of world reserves consisted of dollar denominated securities. Today this proportion has shrunk to 60% – and – to the ignorance of most of the world – is steadily declining. According to the IMF, reserves in other currencies in emerging markets have shot up by 400% since 2003. From August 2013 to February 2014, South Korea increased its yuan holdings 25-foldSo – Mr. Putin’s seemingly ‘bold’ statement is very much supported by facts. The western predatory economic system is decaying fast. Russia and China are already today prepared with an alternative. They are working actively with the other BRICS and SCO countries to organize a solid larger scale alternative currency and monetary system, free from the FED, Wall Street, the IMF and the BIS (Bank for International Settlements).-Epidemics and Pandemics-On a seemingly unrelated matter, a new phenomenon is emerging. From the outset it looks like it is detached from the east-west economic power struggle. But it may be all but detached from the western faltering economy.It is the threat of deadly pandemics that seem to emerge at the same time – and all are under control of the UN and its specialized organization, WHO which is assisted and advised by a number of international laboratories whose identification largely escapes common knowledge. Most of the epidemics, potential pandemics, started in Africa, which is home to about 60% of the world’s remaining unrenewable resources. They are coveted by the western and Northern Hemisphere’s elite for their continued comfort and well-being.Ebola broke out a few months ago in West Africa – Liberia, Sierra Leone, Guinea and has since spread to Mali and Nigeria. Ebola is not a new disease. It has been reported and observed in Central Africa and former Zaïre in the seventies. WHO disposes of antidotes or vaccines. However, the US Department of Defense – which incidentally also has a research program on biological warfare – has contracted a Canadian laboratory two years ago to test and develop an Ebola vaccine in specially built hospitals in Liberia and Sierra Leone. Incidentally, a few weeks ago Canada shipped a new vaccine to WHO’s HQ in Geneva. Since the new Ebola outbreak in July 2014, more than 5,000 people have died according to WHO.A couple of days ago it was reported by WHO that in Madagascar a plague epidemic had claimed the lives of at least 40 people since August 2014. – The bubonic plague, also called Black Death, was considered to be basically extinct since it killed a third of the European population in the 14ht Century, although a less virulent form may still be present today. No major outbreaks have occurred since 1904, when a plague epidemic killed about 3% of Bombay’s population. Antidotes where not available at that time. Today’s version of the plague can apparently easily be suppressed with antibiotics and pesticides. – So – why is it still killing people in Madagascar? And why has the news become available only now? A few weeks ago the deadly H5N1 avian influenza virus was newly discovered in the Netherlands, Germany and the UK. Out of seven recent cases of Bird Flu in Egypt, two died. In 2009 thanks to a WHO false flag alarm, Europe bought millions of H5N1 vaccines – a bonanza for the pharmaceuticals – a scandal for WHO that has deeply tarnished the organization’s image. In countries like Switzerland, people who showed any signs of a cold were practically force-vaccinated.Aids – the HIV virus, also a Pentagon biological warfare experiment – broke out in the 1980’s, likewise in Africa. It was imported to Haiti and New York, from where it spread throughout the US and the rest of the world. Today it is, though incurable, under control. But a new strain could easily be designed to make current drugs impotent.All of this looks like a concerted effort by the power elite to (i) keep populations in check; justify Martial Law at a whim to oppress any potential uprising, for example against a new wave of organized theft by the western predatory greed economy; and (ii) to gradually help reduce world population – a target that the elite has strived for since the end of WWII – it’s also one of the key objectives of the Bilderberg Society as voiced by many power figures, like Bill Gates and on several occasions by Henry Kissinger, arguably the worst war criminal still alive.Global Warming and the ensuing struggle for food, is mostly used to support the elite’s argument, notwithstanding the fact that according to FAO current food production could sustain 12 billion people, if only distribution would be fair and supplies not subject to western speculations. Implicitly, of course, the elite understands that it is the masses of the poor and destitute of world population that needs to be reduced, so that remaining resources last longer for the survivors. They seem to be totally oblivious to the fact that the western greed economy consumes way more than their fair share of resources – the US about 4.5 times and Western Europe about 2.5 times what mother earth can provide. By contrast, Africans use a global resource ratio of only about 0.6. – Therefore, food is not the problem at all; it is western over-consumption of global resources that is at stake.Under a US Presidential Executive Order, people could be easily quarantined in guise of protecting the population at large from a pandemic – for which most likely vaccines and antidotes have been clandestinely developed as part of the biological warfare program – to protect the elite. Inoculations for the public at large might be laced with the very disease they pretend to prevent. Case in point are the recently divulged cases of WHO’s tetanus vaccination campaigns in Africa and elsewhere in the world – a serum contaminated with an infertility germ to sterilize women. Once Washington gives the order, say for force-vaccination, or Martial Law – the European lackeys would simply follow suit; an easy way to keep populations under control, while the western financial system could run their final deed – depredation of the remaining social safety nets and public savings.Again – on the backdrop of the dismal western economic scenario and the pandemic threats to the world, Mr. Putin’s harsh words to the US, a warning against interference in Russia – are but a signal for Washington to reckon with a vigilant Russia (and China) – vigilant vis-à-vis the impending collapse of the western monetary system, and vigilant vis-à-vis the west’s massive military and biological warfare threats.What will it take for people to connect the dots? Peter Koenig is an economist and geopolitical analyst. He is also a former World Bank staff and worked extensively around the world in the fields of environment and water resources. He writes regularly for Global Research, ICH, the Voice of Russia, now Ria Novosti, The Vineyard of The Saker Blog, and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe.
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/09/dow-up-meer-23-points-yesterday-after.html
http://israndjer.blogspot.ca/2015/09/china-is-on-holidays-for-rest-of-week.html
http://israndjer.blogspot.ca/2015/09/china-should-clearly-explain-their.html
http://israndjer.blogspot.ca/2015/08/whats-real-reason-for-latest-market.html
http://israndjer.blogspot.ca/2015/08/last-day-of-aug-trading-what-will-sept.html
http://israndjer.blogspot.ca/2015/08/after-619-point-rise-yesterday-see-what.html
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
http://israndjer.blogspot.ca/2015/08/i-believe-this-china-devaluing-of-its.html
THE EU EUROZONE CURRENCY
https://www.youtube.com/playlist?list=PL5C2C2383444CDA3D
https://www.youtube.com/user/ecbeuro
https://www.youtube.com/user/eutube
https://www.youtube.com/user/pressecdr
http://ec.europa.eu/economy_finance/euro/index_en.htm
EUROPEAN CENTRAL BANK
https://www.ecb.europa.eu/home/html/index.en.html
https://www.ecb.europa.eu/press/pressconf/2015/html/is150903.en.html
NEW EU CURRENCY NEXT YEAR-STEVEN BEN DENOON
https://www.youtube.com/watch?v=70u-R9DelWY&list=UU3q-ByZ2eoOikcEiajMYXXA
Published on Sep 3, 2015-The fears that so many have had after the book by Jonathan Cahn of Global melt down, a collapse of the US Dollar is more real than one might expect. The problem is that this will not be a result of prophecy as Jonathan's books alludes but a calculated Vatican Global Take Over! President Putin With President Zeman hinted today CT24 News of coming New Global currency. Also there is buzz that all Europe is going to a new currency next year in 2016.
Putin Says: We Will Dump The US Dollar-By Ted on September 2, 2015 in Featured, General-By Theodore Shoebat
Putin has drafted a bill, the objective of which will be to neutralize the US dollar and the euro from trade in between the Common Wealth of Independent States (CIS): Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.The bill would also help to facilitate trade in the region and help to achieve macro-economic stability.Within the framework of the Eurasian Economic Union (EEU) the countries have also discussed the possibility of switching to national currencies. According to the agreement between Russia, Belarus, Armenia and Kazakhstan, an obligatory transition to settlements in the national currencies (Russian ruble, Belarusian ruble, dram and tenge respectively) must occur in 2025-2030.Today, some 50 percent of turnover in the EEU is in dollars and euro, which increases the dependence of the union on countries issuing those currencies.Outside the CIS and EEU, Russia and China have been trying to curtail the dollar’s dominance as well.
Economic and Monetary Union-european union
Economic and Monetary Union (EMU) represents a major step in the integration of EU economies. It involves the coordination of economic and fiscal policies, a common monetary policy, and a common currency, the euro. Whilst all 28 EU Member States take part in the economic union, some countries have taken integration further and adopted the euro. Together, these countries make up the euro area.The decision to form an Economic and Monetary Union was taken by the European Council in the Dutch city of Maastricht in December 1991, and was later enshrined in the Treaty on European Union (the Maastricht Treaty). Economic and Monetary Union takes the EU one step further in its process of economic integration, which started in 1957 when it was founded. Economic integration brings the benefits of greater size, internal efficiency and robustness to the EU economy as a whole and to the economies of the individual Member States. This, in turn, offers opportunities for economic stability, higher growth and more employment – outcomes of direct benefit to EU citizens. In practical terms, EMU means:Coordination of economic policy-making between Member States-Coordination of fiscal policies, notably through limits on government debt and deficit-An independent monetary policy run by the European Central Bank (ECB)-Single rules and supervision of financial Institutions within the euro area-The single currency and the euro area-Economic governance under EMU-Within EMU there is no single institution responsible for economic policy. Instead, the responsibility is divided between Member States and the EU institutions. The main actors in EMU are:The European Council – sets the main policy orientations-The Council of the EU (the 'Council') – coordinates EU economic policy-making and decides whether a Member State may adopt the euro-The 'Eurogroup' – coordinates policies of common interest for the euro-area Member States-The Member States – set their national budgets within agreed limits for deficit and debt, and determine their own structural policies involving labour, pensions and capital markets-The European Commission – monitors performance and compliance-The European Central Bank (ECB) – sets monetary policy, with price stability as the primary objective and act as central supervisor of financial Institutions in the euro area-The European Parliament - shares the job of formulating legislation with the Council, and subjects economic governance to democratic scrutiny in particular through the new Economic Dialogue-Completing the Economic and Monetary Union-Following the outbreak of the economic and financial crisis, the European Union took unprecedented measures to improve the economic governance framework of EMU (such as the strengthening of the Stability of Growth Pact or the adoption of new mechanisms to prevent economic imbalances and better coordinate economic policies).Timeline on the Evolution of EU Economic Governance in Historical Context-However, these emergency measures needed to be consolidated and completed in the long-term so as to avoid that a new crisis could affect EMU so strongly. Therefore, the Presidents of five European Institutions – the European Commission, the European Parliament, the European Central Bank and the European Council (as President of the euro summit) – laid down a roadmap to deepen the Economic and Monetary Union in two stages as of July 2015 and complete it by latest 2025.Stage 1 or "Deepening by Doing" (1 July 2015 - 30 June 2017): using existing instruments and the current Treaties to boost competitiveness and structural convergence, achieving responsible fiscal policies at national and euro area level, completing the Financial Union and enhancing democratic accountability.Stage 2, or "completing EMU” (by 2025): more far-reaching actions will be launched to make the convergence process more binding, through for example a set of commonly agreed benchmarks for convergence which would be of legal nature, as well as a euro area treasury.
http://ec.europa.eu/priorities/economic-monetary-union/index_en.htm
http://ec.europa.eu/priorities/index_en.htm
http://ec.europa.eu/priorities/global-actor/index_en.htm
http://ec.europa.eu/priorities/digital-single-market/index_en.htm
Washington’s Financial Currency War on China: The Eclipsing of the US Dollar by the Yuan-By Mahdi Darius Nazemroaya-Global Research, August 31, 2015
Chinese vs. US currency-The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street.Fearing the eclipsing of the US dollar and the Bretton Woods system by a rival financial architecture the US response has been an attempt to damage the Chinese markets and increase the value of China’s currency. China has responded through regulations in the market and then quantitative easing of its currency to maintain the low prices of Chinese manufactured goods and exports.Beijing’s quantitative easing is a reaction or response to the financial manipulation of Washington and Wall Street. Additionally, Washington never thought that the Chinese would respond by dumping US Treasury bonds. Instead of the hysteria about the Chinese economy, «the impending collapse of the US dollar should be getting all of the attention of investors», one US economist (Peter Schiff) has warned. Schiff’s voice is one of many analysts saying that the talk about the Chinese economy faltering is exaggerated and bad spirited.As the financial architecture of the world is being altered by China and Russia, the US dollar is gradually being neutralized as one of Washington’s weapon of choice. Even the monopoly of Washington’s Bretton Woods system formed by the International Monetary Fund (IMF) and World Bank is being directly challenged. Although they do not constitute alternatives to neoliberal economics, the BRICS News Development Bank (NDB) and Beijing’s Asian Infrastructure Investment Bank (AIIB) are challenging the Bretton Woods system through a rival financial structure.The US Empire has been cognizant of the moves to establish a rival financial order. Policymakers in the Washington Beltway, the Pentagon, and Wall Street all watched the dual summits of the BRICS and Shanghai Cooperation Organization in the Russian city of Ufa with concern. Up to that point, they had been waging an information/propaganda, energy, financial market, currency war, and general economic war against the Russian Federation. Post-Ufa, they extended the financial market and economic war to China.Banks and governments in the European Union had been considering and examining the use of China’s national currency, renminbi/yuan, as a reserve currency. This was because of the attractiveness of the stability of the renminbi as a currency. This had Washington and Wall Street worried and was one of the factors that resulted in the expansion of the currency and financial war on Russia to China.Using speculation as a psychological weapon and market manipulation, the US launched a financial strike against the Chinese. This was done through an attempt to sink or crash the Chinese stock market and hurt investor confidence in the Chinese economy and its stocks. Beijing, however, reacted quickly by imposing controls on investment withdrawals. This prevented the snowballing of stock selloffs and defused the US financial bomb.As the value of the renminbi began to rise Beijing began quantitative easing to devalue its national currency as a means of continuing export trade. The US Congress and White House began to loudly object. They accused the Chinese of financial manipulation and demanded that Beijing do nothing to readjust the value of the renminbi. What the folks in the Washington Beltway wanted was for the Chinese to let the value of the renminbi rise as a means of disrupting China’s economy and market.The Chinese Dragon Strikes Back: Beijing Liquidates its US Bonds-Push China and it will push back. The buck (or, more properly, renminbi/yuan) did not stop with the introduction of regulations by Beijing. China took steps that shocked Wall Street and put Washington on notice.As US financial institutions began trying to hurt investor confidence in China through psychological tactics claiming that the Chinese economy was slowing down and that the Chinese market was in freefall, Beijing announced that it had bought 600 tons of gold in the span of a month and the People’s Bank of China had got rid of over 17 billion US dollars from its foreign exchange reserves. China’s foreign exchange reserves — excluding the foreign reserves of the Hong Kong Special Administrative Region and the Macau Special Administrative Region — were 3.71 trillion (37,111,430 million) US dollars in May 2015. They had dropped to 3.69 trillion (36,938,380 million) US dollars by June 2015.The financial market webpage Zero Hedge, which had been following this development, explained what it had discovered was taking place: «We then put China’s change in FX reserves alongside the total Treasury holdings of China and its ‘anonymous’ offshore Treasury dealer Euroclear (aka ‘Belgium’) as released by TIC, and found that the dramatic relationship which we first discovered back in May, has persisted — namely virtually the entire delta in Chinese FX reserves come via China’s US Treasury holdings-The main point here was that China’s US Treasury bonds «are being aggressively sold, to the tune of $107 billion in Treasury sales so far in 2015». By following China’s financial transactions in Belgium, Zero Hedge had actually calculated that Beijing had dropped 143 billion US dollars in three months. A few months later, in August, the Chinese dropped 100 billion US dollars worth of US Treasury bonds in the span of two weeks.A day later, on August 27, Bloomberg corroborated what Zero Hedge had identified. A Bloomberg report explained the following: «The People’s Bank of China has been offloading dollars and buying yuan to support the exchange rate, a policy that’s contributed to a $315 billion drop in its foreign-exchange reserves over the last 12 months. The $3.65 trillion stockpile will fall by some $40 billion a month in the remainder of 2015 because of the intervention, according to the median estimate in a Bloomberg survey».While the Bloomberg report emphasized that the Chinese were using US dollars to buy their own national currency, it casually mentioned, «Strategically, it probably has been China’s intention to find the right time to lighten up its excessive accumulation of U.S. Treasuries», citing an economist at Reorient Financial Markets Limited in Hong Kong.The Eclipsing of the US Dollar by the Chinese Renminbi-Wall Street should be worried about the economic problems at home in the US instead of trying to undermine China. The talk about the slowing down of the Chinese economy in part is distraction. It diverts attention from the decline of the US and is meant to enforce the efforts of Washington and Wall Street to rein in Beijing. The Chinese, however, continue to move forward undeterred.Beijing selected Qatar as its first renminbi clearing house in the Middle East and North Africa for regional exchange markets there in April 2015. The name of this clearing house is the Qatar Renminbi Centre. It will circumvent US financial structures and give greater access to oil and natural gas from the Middle East and North Africa to the People’s Republic of China.Despite the wishes of Wall Street and Washington, the Silk World Order is moving forward.This article was originally published by the Strategic Culture Foundation on August 30, 2015.
China calls for new global currency-BEIJING-By Joe Mcdonald, AP Business Writer-USA TODAY-ABCNEWS
China is calling for a global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.The surprise proposal by Beijing's central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the dollar and Western governments. Both the United States and the European Union brushed off the idea.The world economic crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help "to achieve the objective of safeguarding global economic and financial stability."Zhou did not mention the dollar by name. But in an unusual step, the essay was published in both Chinese and English, making clear it was meant for a foreign audience.China has long been uneasy about relying on the dollar for the bulk of its trade and to store foreign reserves. Premier Wen Jiabao publicly appealed to Washington this month to avoid any response to the crisis that might weaken the dollar and the value of Beijing's estimated $1 trillion in Treasuries and other U.S. government debt.For decades, the dollar has been the world's most widely used currency. Many governments hold a large portion of their reserves in dollars. Crude oil and many commodities are priced in dollars. Business deals around the world are done in dollars.But the financial crisis has highlighted how America's economic problems — and by extension the dollar — can wreak havoc on nations around the world. China is in a bind. To keep the value of its currency steady — some say undervalued — the Chinese government has to recycle its huge trade surpluses, and the biggest, most liquid option for investing them is U.S. government debt.To better insulate countries from the ills of one country or one currency, Zhou said the IMF should create a "reserve currency" based on shares in the body held by its 185 member nations, known as special drawing rights, or SDRs.He said it also should be used for trade, pricing commodities and accounting, not just government finance.In Washington, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner both rejected China's call for a global alternative to the U.S. dollar's role as the international reserve currency.And the European Union's top economy official said the dollar's role as the international reserve currency is secure despite China's proposal."Everybody agrees also that the present world reserve currency, the dollar, is there and will continue to be there for a long period of time," EU Commissioner Joaquin Almunia said Tuesday after a meeting of the European Commission.Zhou also called for changing how SDRs are valued. Currently, they are based on the value of four currencies — the dollar, euro, yen and British pound. "The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies," he wrote.Beijing has been unusually bold in recent months in expressing concern about Washington's financial management and pushing for global economic changes. That reflects both its relative financial health and growing concern that increased globalization means missteps abroad could harm its own economy.Zhou's comments are also part of China's longstanding push to reform the IMF, World Bank and global financial system to give greater voice to China and other developing economies — another theme that will be heard from China, Brazil, Russia and India at the summit of Group of 20 major economies next week."Overdue reforms should give proper representation to and increase the say of the emerging and developing economies," Yi Xianrong, a researcher with the Institute of Economics and Finances at the Chinese Academy of Social Sciences, a government think-tank, wrote in the government newspaper China Daily."Proper representation and a bigger voice for the developing countries are the need of the hour. For instance, being the world's third-largest economy and the largest foreign reserves holder, China should get its due place in the monetary body." Another idea Yi raised was that the U.S. and Europe should give up their traditional privileges of appointing the heads of the World Bank and the IMF.The idea of a creating a new global reserve currency isn't new. But analysts say the proposal isn't likely to gain much traction because it faces major obstacles. It would require acceptance from nations that have long used the dollar and hold huge stockpiles of the U.S. currency."There has been for decades talk about creating an international reserve currency and it has never really progressed," said Michael Pettis, a finance professor at Peking University's Guanghua School of Management.Managing such a currency would require balancing the contradictory needs of countries with high and low growth or with trade surpluses or deficits, Pettis said. He said the 16 European nations that use the euro have faced "huge difficulties" in managing monetary policy even though their economies are similar."It's hard for me to imagine how it's going to be easier for the world to have a common currency for trade," he said.
Towards a New Joint Global Currency? Putin Calls Upon Washington “Not to Meddle in Russian Affairs”-By Peter Koenig-Global Research, November 24, 2014
On 22 November 2014 President Putin, speaking at a forum of the ‘All-Russia Peoples’ Front in Moscow on 17 November, said “They [the US] want to subdue us, want to solve their problems at our expense. No one in history ever managed to do this to Russia, and no one ever will.”This is certainly no exaggeration. Russia has not only a solid trade and monetary alliance with China which already today bypasses the dollar dominated western system, Russia is also one of the key members of the BRICS and the Shanghai Cooperation Organization (SCO) which met last September in Dushanbe, Tajikistan to expands its current membership (China, Russia, Kazakhstan, Tajikistan and Uzbekistan) by including India, Pakistan, Iran and likely also Mongolia. Turkey, hosting a strategically crucial NATO base, wavering between east and west, has wanted to become an SCO member for quite a while. Turkish-speaking SCO governments would likely support a Turkish petition. This would be a huge conflict and blow to the western powers, particularly Washington – and may not go ‘unpunished’.The expanded SCO would control some 20 percent of the world’s oil and half of all global gas reserves. The SCO and BRICS together would cover more than half the world’s population and control about a third of the globe’s GDP.The issuance of a joint new global currency either by these countries at once or step by step is almost a certainty. The question is when. Given the disastrous course of western economies, such a new currency and monetary system is not far off. It would gradually replace the (petro) dollar for world trading as well as a reserve currency. The latter has already started. Ten years ago about 90% of world reserves consisted of dollar denominated securities. Today this proportion has shrunk to 60% – and – to the ignorance of most of the world – is steadily declining. According to the IMF, reserves in other currencies in emerging markets have shot up by 400% since 2003. From August 2013 to February 2014, South Korea increased its yuan holdings 25-foldSo – Mr. Putin’s seemingly ‘bold’ statement is very much supported by facts. The western predatory economic system is decaying fast. Russia and China are already today prepared with an alternative. They are working actively with the other BRICS and SCO countries to organize a solid larger scale alternative currency and monetary system, free from the FED, Wall Street, the IMF and the BIS (Bank for International Settlements).-Epidemics and Pandemics-On a seemingly unrelated matter, a new phenomenon is emerging. From the outset it looks like it is detached from the east-west economic power struggle. But it may be all but detached from the western faltering economy.It is the threat of deadly pandemics that seem to emerge at the same time – and all are under control of the UN and its specialized organization, WHO which is assisted and advised by a number of international laboratories whose identification largely escapes common knowledge. Most of the epidemics, potential pandemics, started in Africa, which is home to about 60% of the world’s remaining unrenewable resources. They are coveted by the western and Northern Hemisphere’s elite for their continued comfort and well-being.Ebola broke out a few months ago in West Africa – Liberia, Sierra Leone, Guinea and has since spread to Mali and Nigeria. Ebola is not a new disease. It has been reported and observed in Central Africa and former Zaïre in the seventies. WHO disposes of antidotes or vaccines. However, the US Department of Defense – which incidentally also has a research program on biological warfare – has contracted a Canadian laboratory two years ago to test and develop an Ebola vaccine in specially built hospitals in Liberia and Sierra Leone. Incidentally, a few weeks ago Canada shipped a new vaccine to WHO’s HQ in Geneva. Since the new Ebola outbreak in July 2014, more than 5,000 people have died according to WHO.A couple of days ago it was reported by WHO that in Madagascar a plague epidemic had claimed the lives of at least 40 people since August 2014. – The bubonic plague, also called Black Death, was considered to be basically extinct since it killed a third of the European population in the 14ht Century, although a less virulent form may still be present today. No major outbreaks have occurred since 1904, when a plague epidemic killed about 3% of Bombay’s population. Antidotes where not available at that time. Today’s version of the plague can apparently easily be suppressed with antibiotics and pesticides. – So – why is it still killing people in Madagascar? And why has the news become available only now? A few weeks ago the deadly H5N1 avian influenza virus was newly discovered in the Netherlands, Germany and the UK. Out of seven recent cases of Bird Flu in Egypt, two died. In 2009 thanks to a WHO false flag alarm, Europe bought millions of H5N1 vaccines – a bonanza for the pharmaceuticals – a scandal for WHO that has deeply tarnished the organization’s image. In countries like Switzerland, people who showed any signs of a cold were practically force-vaccinated.Aids – the HIV virus, also a Pentagon biological warfare experiment – broke out in the 1980’s, likewise in Africa. It was imported to Haiti and New York, from where it spread throughout the US and the rest of the world. Today it is, though incurable, under control. But a new strain could easily be designed to make current drugs impotent.All of this looks like a concerted effort by the power elite to (i) keep populations in check; justify Martial Law at a whim to oppress any potential uprising, for example against a new wave of organized theft by the western predatory greed economy; and (ii) to gradually help reduce world population – a target that the elite has strived for since the end of WWII – it’s also one of the key objectives of the Bilderberg Society as voiced by many power figures, like Bill Gates and on several occasions by Henry Kissinger, arguably the worst war criminal still alive.Global Warming and the ensuing struggle for food, is mostly used to support the elite’s argument, notwithstanding the fact that according to FAO current food production could sustain 12 billion people, if only distribution would be fair and supplies not subject to western speculations. Implicitly, of course, the elite understands that it is the masses of the poor and destitute of world population that needs to be reduced, so that remaining resources last longer for the survivors. They seem to be totally oblivious to the fact that the western greed economy consumes way more than their fair share of resources – the US about 4.5 times and Western Europe about 2.5 times what mother earth can provide. By contrast, Africans use a global resource ratio of only about 0.6. – Therefore, food is not the problem at all; it is western over-consumption of global resources that is at stake.Under a US Presidential Executive Order, people could be easily quarantined in guise of protecting the population at large from a pandemic – for which most likely vaccines and antidotes have been clandestinely developed as part of the biological warfare program – to protect the elite. Inoculations for the public at large might be laced with the very disease they pretend to prevent. Case in point are the recently divulged cases of WHO’s tetanus vaccination campaigns in Africa and elsewhere in the world – a serum contaminated with an infertility germ to sterilize women. Once Washington gives the order, say for force-vaccination, or Martial Law – the European lackeys would simply follow suit; an easy way to keep populations under control, while the western financial system could run their final deed – depredation of the remaining social safety nets and public savings.Again – on the backdrop of the dismal western economic scenario and the pandemic threats to the world, Mr. Putin’s harsh words to the US, a warning against interference in Russia – are but a signal for Washington to reckon with a vigilant Russia (and China) – vigilant vis-à-vis the impending collapse of the western monetary system, and vigilant vis-à-vis the west’s massive military and biological warfare threats.What will it take for people to connect the dots? Peter Koenig is an economist and geopolitical analyst. He is also a former World Bank staff and worked extensively around the world in the fields of environment and water resources. He writes regularly for Global Research, ICH, the Voice of Russia, now Ria Novosti, The Vineyard of The Saker Blog, and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe.
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/09/dow-up-meer-23-points-yesterday-after.html
http://israndjer.blogspot.ca/2015/09/china-is-on-holidays-for-rest-of-week.html
http://israndjer.blogspot.ca/2015/09/china-should-clearly-explain-their.html
http://israndjer.blogspot.ca/2015/08/whats-real-reason-for-latest-market.html
http://israndjer.blogspot.ca/2015/08/last-day-of-aug-trading-what-will-sept.html
http://israndjer.blogspot.ca/2015/08/after-619-point-rise-yesterday-see-what.html
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
http://israndjer.blogspot.ca/2015/08/i-believe-this-china-devaluing-of-its.html
