We live in a corrupted system. The way to tackle corruption is to first acknowledge it exists. Only then is it possible to come up with ways of dealing with it, but don't make the mistake of believing the system can or will uncorrupt itself.

Spend Spend Spend!

17 January 2021

According to an article published online by Reuters (copy) titled “‘Spend as much as you can,’ IMF head urges governments worldwide” on the 15th January 2021 the IMF (International Monetary Fund), run by Managing Director Kristalina Georgieva is quoted as saying:

“In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: ‘please spend’. Spend as much as you can and then spend a little bit more”

…along with:

“I continue to advocate for monetary policy accommodation and fiscal policies that protect the economy from collapse at a time when we are on purpose restricting both production and consumption”

The article says that she has “called for more international cooperation, as has been seen in the race for a COVID-19 vaccine, on the push for digital and green growth”.

So, those naughty Governments that aren’t spending enough must spend more. Sure the reason the economy is failing is because Governments have already overspent, and compounded that with anti-scientific lockdown policies that have destroyed small businesses and put many out of work, but here’s the perfect opportunity to create a whole new group of State dependant citizens.

The IMF is of course a globalist organisation, part of the UN, and Kristalina Georgieva has already spoken about a “new Bretton-Woods moment”. The original Bretton Woods Monetary Conference happened in 1944, where amongst the smouldering ashes of WW2 and the economic ruins that led to, the world’s leading economic kingpins got together to design the new monetary World Order that shaped and controlled many aspects of international and national policy that has led to the insane debt-based situation we find ourselves in.

The IMF itself was arguably borne from that meeting, so it is no coincidence to hear the current mouthpiece of the IMF talk about opportunistically using a manufactured catastrophe, again, to organise the next stage in the financial enslavement of the peons for the usual globalist buzzword reasons, those being “saving the planet”, “inclusivity” and “equality”.

What is happening now, and for the last year with the “pandemic” that is not causing any excess mortality other than the people now suffering and dying from having their immune systems depleted by the banning of human contact, and otherwise treatable conditions ending up untreatable because of the confiscation of the healthcare systems they are forced to pay for over the best part of a year, all of that is not about a virus, but creating the conditions for Bretton Woods 2.0 where pushing the unsustainable debt-ridden national economies off the cliff-edge is actively encouraged by the IMF, it’s “sister organisation” The World Bank and it’s parent organisation, the United Nations.

The new Bretton Woods meeting won’t need to happen though. Not really. It has all been planned and organised in the run up to this. CBDCs (Central Bank Digital Currencies) are the way forward, at least according to the BIS (Bank of International Settlements) on this page published on the 9th October 2020 where they casually mention that:

“The Bank of Canada, European Central Bank, Bank of Japan, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors of the Federal Reserve and Bank for International Settlements have collaborated on a report setting out common foundational principles and core features of a CBDC”

Now they have defined the criteria these CBDCs need to meet, they can use them to push their agendas further as shown by the following statement:

“A CBDC robustly meeting these criteria and delivering the features set out by this group could be an important instrument for central banks to deliver their public policy objectives.”

Yes, “public policy objectives”. What would they be exactly?

Of course these are not new ideas, back in 2009 Dr Zhou Xiaochuan, Governor of the People’s Bank of China wrote an “essay” for the BIS (copy) that bemoaned the “collapse of the Bretton Woods system” and considers the Keynesian approach to be more “far sighted”. That approach involved an international currency unit named “Bancor”. There is much to be observed about John Maynard-Keynes that we will look at in another article but it is clear the Bretton Woods system was designed to “fail” and to pave the way for the solution to that is described in the essay like this:

“A super-sovereign reserve currency not only eliminates the inherent risks of credit based sovereign currency, but also makes it possible to manage global liquidity. A super-sovereign reserve currency managed by a global institution could be used to both create and control the global liquidity.”

Page 2 – https://www.bis.org/review/r090402c.pdf

It also notes that:

“The creation of an international currency unit, based on the Keynesian proposal, is a bold initiative that requires extraordinary political vision and courage.”

Page 2 – https://www.bis.org/review/r090402c.pdf

The main thrust of this Chinese Banker’s plea to the IMF to either better utilise their existing international unit of account, the SDR (Special Drawing Right) or go full Keynesian with some version of the “Bancor” as a super-sovereign currency, is all predicated on the following sentence:

“The outbreak of the crisis and its spillover to the entire world reflect the inherent vulnerabilities and systemic risks in the existing international monetary system.”

Page 1 – https://www.bis.org/review/r090402c.pdf

Sounds a bit like the doom-mongering by the World Economic Forum and the reason they give for The Great Reset, doesn’t it? I wonder what “outbreak” Dr Zhou Xiaochuan could have possibly been referring to?