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"2014 Will Be the Year of the Currency Reset and Gold-Backed Trade Note" Posted by John MacHaffie I_icon_minitimeWed Jan 17, 2024 5:19 pm by RamblerNash

"2014 Will Be the Year of the Currency Reset and Gold-Backed Trade Note" Posted by John MacHaffie

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Post by Ponee Tue Aug 12, 2014 2:35 pm

2014 will be the year of the currency reset and gold backed trade note

Tuesday, August 12, 2014

On Dec. 26, financial analyst and statistician Dr. Jim Willie provided a look at major economic events that will take place and shape the global financial system in 2014.

Of the several key changes set to occur in how nations trade amongst one another, the two primary events. that of a currency reset and the implementation of a gold backed trade note, will be the catalyst for China's vision of a de-Americanized financial order.

The next year will feature many powerful new effects. The Indirect Exchange will become a prominent fixture, its channel filled. It will direct many $billions in USTreasury Bonds from large scale asset acquisitions by Eastern and BRICS players, sent back to New York and London.
....


The payments for the asset purchases will be done in USTBonds, as the Eastern entities dump them as fast as they can before the great devaluation.

At least 23 nations have already prepared for a new trade system that will occur outside the dollar and Swift systems. Through their moves away from reliance on the dollar via the creation of new currency swap lines, major economic powers are transitioning away from

But the biggest shock waves will come from the currency reset followed by the introduction of the Gold Trade Settlement.

The return of the Gold Standard is near, but it will arrive on the trade vehicles, not the FOREX currency or SWIFT bank platforms. It will feature the Gold Trade Note, used as letter of credit. – Goldseek

the 42 year old petro-dollar system that saw America devalue its currency nearly 98%, and export inflation to the rest of the world.

A global currency reset is inevitable, especially when you consider that the historic life cycle of a purely fiat currency is only 30 years, with a maximum length of 42 years.

This falls in line with the U.S. dollar which has been a purely fiat currency since President Nixon took America off the gold standard in 1971, and subsequently allowed the central bank to grow the economy with debt rather than sound money and real production.

2013 will go down in history as the year of global currency wars. But intermixed in this financial conflict will be the rise of China, and their plans for a new financial order.



And as Dr. Willie points out in his assessment for the coming year, when the global currency reset happens, the vacuum that will occur will not be void for long, and will be quickly filled by China with two new options that promise greater stability than what the U.S. had offered for more than a decade.

Posted by John MacHaffie
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Post by catman Tue Aug 12, 2014 4:16 pm

Dr. Willie is just as "misinformed" as MacHaffie.   Just ain't gonna happen that way.  Yep, China, who is just about as financially strapped as the US, is going to stabilize the world economy.  Yep, sure thing.
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Post by Kevind53 Tue Aug 12, 2014 6:44 pm

Just when I thought things could get any dumber .... I think I lost a couple more IQ points reading that tripe!

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 "2014 Will Be the Year of the Currency Reset and Gold-Backed Trade Note" Posted by John MacHaffie 2805820865  "2014 Will Be the Year of the Currency Reset and Gold-Backed Trade Note" Posted by John MacHaffie 2805820865  "2014 Will Be the Year of the Currency Reset and Gold-Backed Trade Note" Posted by John MacHaffie 2805820865  "2014 Will Be the Year of the Currency Reset and Gold-Backed Trade Note" Posted by John MacHaffie 2805820865
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Post by Ponee Tue Aug 12, 2014 7:46 pm

All I have to do is see the name John MacHaffie and I know not to extend the mental power.   You were brave

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Post by Ssmith Tue Aug 12, 2014 8:31 pm

John MacHaffie = Tony Renfrow kidnapped by aliens.

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