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The New World Order is being defeated
04-01-2022, 12:22 AM
Post: #1
The New World Order is being defeated
“We are witnessing the birth of Bretton Woods III – a new world (monetary) order centred around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West.” – Zoltan Pozsar, Bretton Woods III

Fiat currency is a “promise” to repay a debt obligation and nothing more. A hard asset-backed currency is a guarantee that repayment will occur.

On March 7th Zoltan Pozsar, who formerly worked at the NY Fed, was an advisor at the U.S. Treasury and currently is a strategist as Credit Suisse, published a research report titled “Bretton Woods III.” Anyone familiar with the Bretton Woods agreement understands the reference. Nixon’s snipping of the final thread connecting currency to gold is considered to be Bretton Woods II. Pozsar makes the case that Bretton Woods III is a reversion back to a monetary system in which currency is backed by commodities as opposed to being backed by a sovereign issuer’s “full faith and credit.”

A crisis is unfolding. A crisis of commodities. Commodities are collateral, and collateral is money, and this crisis is about the rising allure of outside money over inside money. Bretton Woods II was built on inside money, and its foundations crumbled a week ago when the G7 seized Russia’s FX reserves. – ibid

The post-1971 fiat currency reserve banking system enabled by the removal of gold from the monetary system is nothing more than a Ponzi scheme. “Inside money” refers to the interbank repo/lending mechanism from which the fractional bank reserve monetary system blossoms. Pozsar distinguishes “inside money” from “outside money.” “Inside money” is created by the Central Bank/inter-bank lending mechanism that can magically turn one dollar of reserve capital into nine dollars of “credit” capital. And the one dollar of reserve capital is backed by nothing tangible – just the “full faith and credit” of the issuing entity.

Think of this monetary system as an inverted pyramid – eg something like Exter’s Pyramid. In bankruptcy law, “full faith and credit” would be considered, at best, an unsecured loan. Get in line and pray that there’s value left over to be distributed to the unsecureds.


In contrast, Pozsar references Bretton Woods III as the “rising allure of outside money over inside money,” where “outside money” is “commodities collateral,” meaning tangible assets for which definitive value can be determined, as opposed to the sovereign promise of “full faith and credit.” In periods of banking crises, banks are reluctant to participate in the “inside game” (see 2008 and September 2019, for instance) because, at that point in time, they don’t trust the fiat currency collateral on which the fractional reserve banking system is predicated and thus are reluctant to lend money to their banking peers. Every time this occurs, the Central Banks have to print more money to “lubricate” the system enough so that it functions. This in turn further devalues the “inside money” on which the system is predicated.

But if currency issued by Governments and printed by Central Banks is backed by hard assets, this problem is avoided. In this system, the counterparty to trade or financing transactions would have the option of demanding payment in the hard asset or assets backing the currency – most likely gold or possibly a pre-agreed upon commodity asset. Remember, fiat currency is nothing more than an unsecured debt instrument of the issuing entity.

It’s likely that Putin knew ahead of time that the west’s response to Russia’s invasion of Ukraine would be to freeze Russian currency reserves held at western Central Banks. Of course, this response by the U.S./west brought to light the inherent Achilles’ Heel of the modern Central Bank fiat currency reserve system. Any country that keeps currency reserves for trade settlement purposes at foreign Central Banks, specifically the Federal Reserve and the ECB, is at risk of having those reserves confiscated, thereby rendering them worthless.

In response, Russia is now demanding payment for energy in either rubles or gold from what it deems to be “unfriendly” countries. Whereas in the “inside money” banking system, settlement of trade is merely a matter of accounting ledger adjustments at the respective Central Banks, in this trade settlement arrangement, a country purchasing oil or gas from Russia in exchange for gold would need to 1) demonstrate that the gold being used for trade payment actually exists and 2) transfer the ownership rights to Russia. Russia ultimately would likely demand repatriation of the gold. The U.S./G7 made it crystal clear that possession of assets is 100% of the law.

https://www.zerohedge.com/news/2022-03-2...stem-reset

Those who know, know! Big Grin
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04-01-2022, 12:27 AM
Post: #2
RE: The New World Order is being defeated
Quote:Kim Dotcom
@KimDotcom
Russian Foreign Minister Lavrov and his Chinese counterpart just announced the creation of the “fair world order” based on “a multipolar, fair and democratic world order.”

If they get India + Middle East to join the days of US dominance and USD reserve currency are over.
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04-01-2022, 12:30 AM
Post: #3
RE: The New World Order is being defeated
When currency has to be backed by something real.. the USA can no longer play their cultural warfare games.
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04-01-2022, 12:31 AM
Post: #4
RE: The New World Order is being defeated
This process cannot be stopped.
The sanctions against Russia have backfired INCREDIBLY

NO WONDER THE RUSSIANS ARE THE WORLD'S BEST CHESS PLAYERS
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04-01-2022, 12:50 AM
Post: #5
RE: The New World Order is being defeated
THE RUBLE IS NOW TRADING AT PRE-CRIS LEVELS
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04-01-2022, 02:34 AM
Post: #6
RE: The New World Order is being defeated
The meeting between Lavrov and Chinese Foreign Minister Wang Yi, marks the first visit to a key ally since Russia launched its invasion of Ukraine on February 24, according to The Economic Times.

The two countries will work to achieve "a multipolar, fair, and democratic world order," Lavrov said, speaking from the Chinese city of Tunxi located in the eastern inland Anhui Province.

In a video released by the Russian foreign ministry ahead of a meeting with Chinese Foreign Minister Wang Yi, Lavrov said the world was "living through a very serious stage in the history of international relations".

At the end of this reshaping of global relations "we, together with you, and with our sympathisers will move towards a multipolar, just, democratic world order", Lavrov said. -Economic Times

[Image: lavrov%20wang.jpg?itok=bWXjrM1a]
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04-01-2022, 02:35 AM
Post: #7
RE: The New World Order is being defeated
China, India, Russia.. IN ALLIANCE

NEW WORLD ORDER IS FUCKED
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04-01-2022, 03:40 AM
Post: #8
RE: The New World Order is being defeated
Has been defeated IMO. All countries that were still on the fence are now vocally against the NWO. Govt officials in India, China and Brazil are sounding like Alex Jones circa 2012. Even Saudi Arabia may turn against them.
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04-01-2022, 03:44 AM
Post: #9
RE: The New World Order is being defeated
(04-01-2022 12:50 AM)EVILYOSHIDA Wrote:  THE RUBLE IS NOW TRADING AT PRE-CRIS LEVELS

That alone tells you it’s over. They are in the middle of a expensive operation in a 40mi people country (don’t have the reserve currency to back it up like the west does). Being sanctioned by the west in every way imaginable. Yet the ruble is down only a percentage point from mid February. It’s over.
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04-01-2022, 04:27 AM
Post: #10
RE: The New World Order is being defeated
[i]
Looks like Finland and Sweden will be joining NATO now. The whole New World Order seems to be morphing into two separate entities. Hopefully all parties can still work together rather than living in a bipolar world.
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04-01-2022, 06:04 AM
Post: #11
RE: The New World Order is being defeated
(04-01-2022 12:31 AM)EVILYOSHIDA Wrote:  NO WONDER THE RUSSIANS ARE THE WORLD'S BEST CHESS PLAYERS


LOL, that was a good one Big Grin
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04-01-2022, 07:06 AM
Post: #12
RE: The New World Order is being defeated
(04-01-2022 04:27 AM)pilgrim Wrote:  [i]
Looks like Finland and Sweden will be joining NATO now. The whole New World Order seems to be morphing into two separate entities. Hopefully all parties can still work together rather than living in a bipolar world.

[Image: q2aqFqf.jpg]
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04-01-2022, 07:36 AM
Post: #13
RE: The New World Order is being defeated
what's interesting is that the nato groups seem to be white supremacist.

first tier, first world civlization

America
france
england
europe


feeding on the other darker people.


yet they preach racial equality




meanwhile

Russia, China, India, Brazil


every race
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04-01-2022, 12:32 PM
Post: #14
RE: The New World Order is being defeated
the liberal NWO is white supremacist at its fundamental

while BRICS is made up every nation

South Africa is included too and they are African. Every color basically
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04-01-2022, 12:45 PM
Post: #15
RE: The New World Order is being defeated
(04-01-2022 04:27 AM)pilgrim Wrote:  living in a bipolar world.
The world has felt pretty Bipolar ever since this COVID thing started.
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