Tuesday, December 19, 2017

How coincidental was the Economist's 1988 cover of a new global currency in 2018 with the advent of China's ending the Petrodollar system?

President Franklin Roosevelt is often misquoted for saying, "In politics, nothing happens by accident.  If it happens you can bet it was planned that way." However at the highest levels of global power, very often things are indeed planned out years in advance, and with the intention of creating a Hegelian Dialectic to achieve the changes desired by the Establishment.

So when the Economist Magazine published its forecast back in 1988 of a new global currency to be instituted by the year 2018, was this simply a pipe dream put forth by the globalists with the CFR, or was it a signal to the world that the Petrodollar system established just 15 years before would likely run out of gas 30 years later?  And perhaps more importantly, did the architects of this prediction foresee that the future would be coming out of China and Eurasia, and that new monetary system as well?

Monetary scholar Edwin Vieira ... pointed out that every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the convertibility of dollars into gold. Remarkably, the world bought into the unbacked dollar as its reserve currency, but only because that was the path of least resistance. But here we are 40 years later, and it is clear to anyone paying attention that the monetary system is irretrievably broken and will fail. – Washington’s Blog
Either way 2018 is already portending to be a year of immense change, just as it was exactly 100 years ago with the ending of World War I, and the scuttling of three global empires (Austo-Hungarian, Prussian, Ottoman).  And where at that time the former Russian empire was lost to a Communist coup that would last for about 70 years, this time the return of the Eurasian power comes with their being a partner with the one economy that stands on the cusp of changing the global monetary order.

Yet what was not foreseen in all of this was the advent of cryptocurrencies, and the power of blockchain technology to change everything within the monetary system.  And what is likely to come out of China's planned yuan denominated oil contract is a system that integrates cryptocurrencies, gold, and trade under a system that no longer requires a singular reserve currency.

Except perhaps a reserve standard known as gold.

Since 2008 when the global financial system suffered a mortal blow, Western central banks have done everything both rational and irrational to try to save the dying system.  And ironically it was through these actions that allowed China and Russia to rise up and seize control over numerous markets and platforms over the past decade, leaving both the dollar, and the reserve currency system, to stand on the brink of a new currency ready to take its place.


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