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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Official G20 Communication

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    Official G20 Communication Empty Official G20 Communication

    Post by Neno Sun 13 Apr 2014, 10:27 am

    Official G20 Communication



    April 11, 2014



    Reform Delays and BRICS Bank
    By JC Collins

    Official G20 Communication 483897835

    The official communication from the G20 meetings being held over the last few days is now released.  The broad strokes are as follows:


    • G20 expects global economic growth to strengthen in 2014
    • remains vigilant in face of important risks and vulnerabilities
    • G20 nations committed to lifting and rebalancing global demand and achieving exchange rate flexibility
    • G20 “deeply disappointed” with the delay in implementing IMF quota and governance reforms agreed in 2010
    • urges the US to ratify IMF reforms at earliest opportunity
    • if IMF reforms are not ratified by year-end then IMF should develop options for next steps and schedule a discussion of those options



    It appears the US has bought itself some more time to enact the IMF Reforms.

    It would be my expectation that this was done to not rattle the markets too much.  Expect a continuation of the dollar bypass mechanisms which are being implemented world wide.

    It will be interesting to see how Russia and China respond to this further delay.  And if in fact the decision was unanimous.  The purpose is to have the US play the role of bad guy, or singular opposition to the will of the rest of the world.

    So this is not surprising, considering the Hegelian Dialectic which is at the core of the new multilateral system engineering.

    Once confidence in the dollar is lost, it will not be found again.
    Obviously this situation will remain dynamic throughout the year.  Let’s keep watching and learning as regional geopolitics and economic indicators continue to shift.

    Full text can be read at:
    http://www.cnbc.com/id/101576553


    And of course the US isn’t wasting any time in capitalizing on this delay.  It seems Syria is back on the table for forced negotiation.
    http://www.dailymail.co.uk/news/article-2602463/Has-Assad-carried-new-chemical-attacks-Britain-U-S-investigate-claims-toxic-substances-used-four-occasions.html


    And also on cue, more news on the BRICS Development Bank.
    http://thebricspost.com/brics-finance-ministers-meet-in-washington-2/#.U0grltiYaM8


    The news today from the G20 is neither disappointing or encouraging.  It’s just another step in the process of transitioning from dollar to SDR.  We very well may see the BRICS Bank bulge outwards and swallow the whole of Asia and Eastern Europe before the SDR allocation system comes fully online.  – JC Collins
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    Official G20 Communication Empty Re: Official G20 Communication

    Post by Neno Mon 14 Apr 2014, 7:05 pm

    urges the US to ratify IMF reforms at earliest opportunity ...more time.

    if IMF reforms are not ratified by year-end then IMF should develop options for next steps and schedule a discussion of those options
    ...got to continue to follow for developments.

      Current date/time is Sat 15 Jun 2024, 1:01 pm