News & Analysis
Building a One-World Currency: China, India Suddenly 'Open' for Investment
Foreign individuals, pension funds and trusts will be able to subscribe to public offers of an Indian company. "Qualified foreign investors will be able to invest in initial public offers or follow-on public offers as well," a finance ministry official said. The issue of voting rights for QFIs is also under discussion with market regulator Sebi, which is expected to issue a detailed notification by January 15, the official said. India had on Sunday announced its decision to allow QFIs to directly invest in the Indian equity market. A QFI is an individual, group or association resident in a foreign country that is compliant with Financial Action Task Force standards. QFIs do not include FIIs or their sub-accounts. – Economic Times
Dominant Social Theme: A brave new world of investment opportunities beckons.
Free-Market Analysis: We reported the other day on how China has further opened up its "markets" to "investments." And now India is doing the same thing (see article above). Coincidence? We try to look past that these days.
Nope. One can make the argument that the Anglosphere elites attempting to run the world are moving along with their apparent quest to create a global currency. From what we can tell, the ultimate goal is to implement the IMF's SDRs and use the IMF as a global central bank.
But in the meantime, the US dollar has to be destabilized. And that's just what is going on. It's hard to take a step back to see how the play is unfolding act by act, but if one takes the time (and has the energy) various facets come into focus.
The power elite playbook apparently includes leveling Western economies and bringing up the economies of the so-called developing world. This would now seem to be underway with a vengeance. Brazil, China and India – maybe eventually Russia, too – are all being dragged into a kind of central-bank initiated prosperity.
It is one that won't last, of course. Central banking "wealth" never does ... as citizens in America and Europe are now finding out to their dismay. But the "wealth effect" allows elite manipulations to continue to make headway.
The China/India initiatives are not the only action on the global-currency front we've noticed. Couple this equity evolution with news contained in an incisive article by Brandon Smith of ALT Market (thanks feedbacker DannyB) analyzing China and Japan's new monetary closeness and you have a recipe for a continuance of the impending New World Order.
In an article entitled "New Asian Union Means The Fall Of The Dollar," Brandon Smith does a nice job of explaining how China is expanding the clout of the yuan as part of a larger "break" from the Greenback. Here's an excerpt from the article:
In 2009 and 2010, it became absolutely clear that China (with the help of global corporate entities) was developing the skeleton of a new system; a trade network that that had the capacity to supplant the U.S. and end the dollar's world reserve status.
Since then, Yuan bonds have spread across the planet, China has dropped the dollar in bilateral trade with Russia, the ASEAN trading bloc has formed into a tight shell of export partners, and that is just the beginning. Two major announcements in 2011 have solidified my belief that a complete dump of the dollar by eastern interests is near...
First was the announcement that China was actively and openly pursuing the establishment of a central bank for the whole of ASEAN, with the Yuan utilized as the reserve currency instead of the dollar ... [Now] Japan has indeed entered into an agreement to drop the dollar in currency exchange with China and has expressed interest in melting into ASEAN. Japan has also struck somewhat similar though slightly more limited deals with India, South Korea, Indonesia, and the Philippines almost simultaneously.
One can look at these developments in one of two ways, in our view. Either the world really IS polarized increasingly into an Asia Versus the West economic paradigm. Or it is not. The second alternative implies that what is going on is a kind of charade – what we have called directed history.
That's where we are these days. The world is based on central banking – and that's an artificial system that didn't exist even 100 years ago. It's been put in place by a tip-top elite of banking families based out of the City of London with arms in Washington DC, the Vatican and Tel Aviv apparently.
These people know how central banking works. They understand it eventually bankrupts the countries that it is applied to. So do the Chinese and the Japanese. But in the case of the Japanese, the economic system was imposed from the outside, from the US after World War II.
The case of the Chinese is a bit more problematical. But after examining the issue we don't see how one can conclude that China's leaders are anti-West or that its elites are not part of the larger drive to build one-world government.
First of all, the British RAN China in the 1800s. And there is considerable (hidden) evidence in our view that the topmost Western elites wanted the Red Chinese to take over after World War II, just as these Anglosphere elites wanted the "Reds" to take over Russia following the communist revolution there.
Today, China has an entirely Westernized economic system in our view, complete with an incompetent and inflationary central bank and an increasingly consumerist society. Chinese leaders have also amassed some US$1 trillion in US obligations. Japan has nearly the same amount.
There is no way, in our view, that these two countries that do trillions in business with the West (and are in fact massively penetrated by the Anglosphere elite at the very top) are planning in some sense to confront the West economically. It's simply hard to believe.
Likewise, it's hard to believe that the Chinese (or Russians) plan some sort of military confrontation with the West, or certainly not one that could escalate to a nuclear level. At the very top, the elites are in league with one another. The 20th century shows that clearly.
Increasingly, with the aid of the Internet, it seems obvious to us that what passes for "global tension" is in fact an elaborate stageplay. Just look at the 20th century. The wars that convulsed the world are nearly inexplicable. There is inescapable evidence now that Wall Street funded the Soviet Union. Someday history will show that the ChiComs were similarly encouraged by the West.
This latest Greater Recession is similarly plotted. It doesn't take a "conspiracy theorist" to see it. One simply has to look at what's being erected around us. The structure of global governance is almost complete. The UN, IMF, World Bank, International Criminal Court, NATO and Interpol are all part of the New World Order. Should we deny these exist?
So how do you get from here to ... there? Well, you do exactly what's BEING DONE. You dump the economies of the West to level them with the rest of the starving world. You do this through a combination of malicious treaties (NAFTA, CAFTA, etc) and via the ruinous mechanism of central banking.
At the same time, you bring up the economies of the BRICs and gradually shift the business of globalist corporations from West to East. This, too, is being done.
Will it work? Well ... it's a big project! A lot of moving parts. We've argued in the past that the Chinese miracle is probably going to collapse and that will help turn the Great Recession into a Great Depression. But, heck, the elites may turn that to their advantage as well.
Let the world cry out in agony and the elites will respond soothingly with a global currency and more aggressive global governance. The one-world power conspiracy, of course, is a process just as is the Internet.
But we've pointed out in the past that at this particular juncture the information revealed by the Internet Reformation may simply prove too powerful for the elites to overcome. They may end up taking a step back as they apparently did after the advent of the Gutenberg Press.
In the meantime, we'll take nothing for granted. We don't think the world is dividing into various hostile regions. Not now. Or not yet, anyway. The same players are still in charge and they have the same goals.
For investors, however, the evolution of globalism is bound to be both a puzzle and an opportunity. One has to decide if India and China are viable powerhouses on a continual basis or whether a planned collapse is the order of the day. And then there is the issue of gold and silver (about which we've written regularly.)
Conclusion: To some degree, many of the questions we have may be resolved over time. From an investment standpoint that's problematic, however, as one needs to commit in ADVANCE of the resolution one seeks. What do we say to this? Only that we live in interesting and very unusual times.
Posted by Agent Pete 8 on 01/04/12 08:03 AM
I am expecting the answer to be of the "well it aint central banking" theme. Great, but the absence or diminishment of a particular problem, is a but a reflex.
What is it's actual forward-facing goal. Is this new construction set to satiate only the love of money? If there is a transfer of power beyond transactive neccessities, what face does the punter push on? Is it a pyramidal schema with most effort pressing from below, upwards? Will it involve bar-coded tattoos, ID chips etc?
I am Hungary, no starving for your answers :)
Posted by Agent Pete 8 on 01/04/12 05:37 AM
Thanks for the link RoxanneLouise.
I have a couple of questions, and likely more to come.
Who, in general terms within that proposed system, *decides* the metrics of the currency?
What administrative mandate will they operate under, regarding their 'users'?
How is it power-structured? Democratically, by fiat dictate, by pup-tents and riots? Please elaborate as much as you are allowed.
How would an individual or group make contact or liaise with the 'administration' of this new currency?
Whilst I appreciate that the new schema will be offered as a *safer* alternative, History teaches us that even the dearest Leaders and most modern management methods eventually collapse societies, economies and Populations; Please can you elaborate on your understanding of the safety mechanisms included or intended?
Thankyou in advance.
Posted by finninsweden on 01/04/12 01:49 AM
I am too surprised that the elves have not detected the story about Hungary. Hmm,maybe they got lazy after all the Christmas meals..
Another thing,have the DB ever considered that perhaps the gold price is being manipulated, not down, but up?
After all,golds ascendance coinsides with 9/11 (roughly). Before the price of gold began to rise, gold was sold by western central banks,but to whom? Maybe the "unfathomably wealthy" central banking families?
Posted by RoxanneLouise on 01/03/12 07:01 PM
Daily Bell: Please read and comment on another announcement of One World Currency. Those behind the currency are not identified. Is this a clever means to defuse resistance to the One World Order?
For the statement itself, see: Click to view link
James Martinez reads a statement from representatives of a new global currency that is being announced and slowly integrated into our consciousness as a way to end the tyranny of the current banking systems.
Conscious Media Network has been approached by a representative of global leaders and financiers from 130 nations to broadcast a statement about a new global economic restructuring arising in 2012.
The statement will be delivered via a video-taped interview with a layperson on behalf of the consortium that has been working behind the scenes, on the problem of the unsustainable global economy for the past 8 years.
The party who drafted this statement has stated, in response to conspiracy concerns, that "The usual suspects are not the suspects" and that the Global Elite also understand that the unsecured, digital money system has failed us all, including themselves.
This announcement is to serve as the introduction of a New Global Economic Structure that will begin surfacing in 2012. Those involved in this plan are calling it the "greatest humanitarian effort" in modern history. It will be for each of us to determine over time if this is a truthful statement.
CMN is serving as a neutral party for this broadcast and its claims as the economic consortium does not wish to break this news through mainstream media at this time. Please give this your serious attention, as it may be heralding a new way of conducting commerce on the planet that will effect us all well into our future.
A portion of this plan does include a dissolution of debt in a carefully considered and planned way.
Click to view link
Posted by ilpatino on 01/03/12 06:26 PM
"OK, maybe we didn't understand ... as we are not familiar with the gentleman.
If so, we retract our statement.
We'll try to look into what he is doing."
Certainly no apologies required. I do find it funny that you have not covered this story before. As I understand, one of DB core "raisons d'ètre" is the position that central banks are one of the cornerstones of the current drive for one-world-gov by some elitist group(s). What is happening in Hungary can have a myriad of meanings, but certainly it is a big event concerning the meme of central banking.
Why, all of a sudden a political leader (shouldn't he be under the influence of the PE?) declares central bank independance as unneeded.
Although just about everyone here knows that central bank independancy is in effect non-existant, yet the vocal position of central bankers and their menders has been that independancy is crucial.
So why depart from that view? (If it isn't a smokescreen to blame Orban, and therefore central-bank-DEpendancy, for Hungaries future problems?)
Posted by HugoHolland on 01/03/12 06:09 PM
Gold is money and nothing else (JP morgan). As far as I can see most of the worlds money (physical gold) is held privately already. If I remember the official estimates well, 120.000 tons of the 160.000 tons available. The other 40.000 tons is held by Central Banks. Quite a few of them are private. They hold around 25.000 tons. The rest, 15.000 tons, is held by (officially) public central banks. Ofcourse lots of tons of gold are priceless works of art and should not been seen as money. Still, looks like the only money there is, is mostly held by the public already. If one can believe any of them numbers ofcourse...
Posted by ilpatino on 01/03/12 05:40 PM
"Ugh. Even the Eastern European politicians - for all their experience with the USSR - cannot be trusted to do the "right" thing for themselves, their families and their children."
Well, as I said, I too have my reservations about Orban, but I do find it intriguing that he has decided to try and limit the "independancy" of the Hungarian Central Bank Branch.
If he is another pawn of the PE, then why go this way. It might very well be some sort of screenplay, that states that if you try to limit the independancy of a Central Bank very bad things will happen to you and your country. But if he is genuine, then he merits following more closely.
Reply from The Daily Bell
OK, maybe we didn't understand ... as we are not familiar with the gentleman.
If so, we retract our statement.
We'll try to look into what he is doing.
Posted by ilpatino on 01/03/12 04:23 PM
Posted by ilpatino on 01/03/12 04:19 PM
Although Viktor Orban, minister president of Hungary, recently has been pushing hard to get new legislation passed that would strongly curb the "independancy" of Hungaries central bank.
Now, I really do not now what Orban is up to, and wiki said that he once studied under a Soros scolarship, but it does merit further investigation.
Reply from The Daily Bell
Ugh. Even the Eastern European politicians - for all their experience with the USSR - cannot be trusted to do the "right" thing for themselves, their families and their children.
Posted by HugoHolland on 01/03/12 02:53 PM
I thought the DB would not mind the destruction of the US dollar since its the centre of goldprice supression. One can argue that there are 2 kinds of central banks on this world. The ones who have their currency backed by a floating goldprice and the ones who have their currency backed by the Dollar.
The ones who have their currency backed by a floating goldprice have the ability to recapitalise their system with a big revaluation of physical gold. The dollar camp cannot do that since the US already defaulted twice on gold. There are quite a few claims on the US official gold so they cannot deploy theirs that easy.
For me, I dont care much for gold as ciculating money. For me gold is wealth. Once the paper goldmarket LBMA / Comex blows up as it once will because its a fractional system, papergold will fail and physical will be revalued. This will recapitalise the floating gold price systems and destroy the dollar.
This will indeed lead to a global money, gold, no objections here! Currency will still be fiat what can be lent, relent, spent, created out of thin air etc. If politicians or bankers act recless, goldprice in that currency will rise. If not, it will stay stable, a great moderator enforced by the free market. The concept is called freegold and Robert Zoellick from the Worldbank seems to be a fan since he called for gold to be the 'referncepoint for currencies'.
For a historical view on the developments to set gold free from bankers and governments see Click to view link
Reply from The Daily Bell
if we realize a PRIVATE global money, we'd be all for it ... Would be great if it happened ...
Posted by alexsemen on 01/03/12 02:34 PM
DB: It is a wonderfull synthesis and conclusion ! I am impressed !
But very scary to me an old man who knows to much about our society !
To build up the Stalin blood-s--t nightmerry , it was done only with the "enthousiasm "of the young generation.
New World Order is build up in the same way .With the same young peoples who was obliged to „fight the all wars of others interests', just because they were too ignorant: only „do it never think' !
It is nice to be young „guns meat'to all insane psycho-sociopathics criminal minds that rules this world !
It is precisely what the Queen of the Netherlands said on Chrismas Day/2011:
"The bright future of NWO, is understood only by the new young generation and consequentely only the new generation of young people will build up satisfactory the rule of the NWO in the approppiate way as it requested "
The old generation is absolutely useless because don't understand the bright future of the NWO, and therefore somehow will opose that !
What I see now, it is the situation described in one of the notoriouse work of Ilf&Petroff where it is described who presentend the „absolutely enthousiasm' to build up the prefect Stalin human society: the young generation.
As absolutely brain washed idiots unconditionaly submitted to the rules of the WallStreet-Stalin New Society experiment !
Of course it is and will be so: the results of the actual education systems of "high diploma's"inflationary ignorancy ( read : tabula rasa brain wash)has shown the expected results. NOW is pleased to anounce us the finale stages of their unchalanged hegemony
The Netherland's Queen has said „their PE truth': the idiocracy of young generation of "perfect zomby slaves of the power" will creat the world that Power Elite wanted so badly !
Other way , the PE will take the "wonderfull toys" on which the new generation is so addicted , back from those imbeciles !
Posted by RF on 01/03/12 02:17 PM
The Chinese want to be holding our notes private money, as a matter of leverage later--if there is any-- if the dollar collapses along with the Euro-they will welcome central banking as a means to an end- title - they have 3/4th of our internal economy now- title to the property would suit them too... .they won't give back anything, worth anything , they will own America some day soon--- like the first 20 floors of the Freedom Tower in NYC-Trade Towers building site!!- ain't it Grand!!!
Posted by Jones on 01/03/12 02:05 PM
Good interview with Cathrine Austin Fitts over at the infowars site. My hope is that one day AJ will learn how to do an interview without interrupting his guest and tooting his own horn. ;^)
Click to view link
Posted by dave jr on 01/03/12 11:55 AM
Yep, the globals have done their outsourcing, and now the little guys are invited in to run these foreign investments up. Just another artery being opened to drain more capital from the US economy.
Funny how the USD is labeled as worthless fiat, yet the labelers break their necks in order to attain it, ultimately contributing to its faux worth.
Posted by kenn on 01/03/12 10:16 AM
[Someday history will show that the ChiComs were similarly encouraged by the West.] DB
Read General MacArthur's 'Old Soldiers Never Die'.
[For investors, however, the evolution of globalism is bound to be both a puzzle and an opportunity.]DB
Investors these days are speculators and have no allegiance. They are not puzzled nor could care less about anything except... money. Most times they are the very people that bring these countries down.