Another "Development Bank"? Really! Apparently China is expressing their intentions
on the world financial scene. And they are doing it in a Big way! In late
2014 they formed the
Asia Infrastructure Investment Bank (AIIB), based in
Beijing which aims to finance infrastructure projects in developing Asian
nations. It is said that the Federal Reserve Corp., based in the U.S., views
this action by China as "suspicious". Really!?! Well,
its a sure sign that China is fed up, along with the rest of us, of U.S. warmongering
as their only answer to other governments not conforming to the whims of our
totalitarian police state attempting to marshall the whole world into a New World Order.
The following nations have become AIIB founding members: Bangladesh,
Brunei, Cambodia, China, France, Germany, India, Indonesia, Iran,
Italy, Jordan, Kazakhstan, Kuwait, Laos, Luxembourg, Maldives,
Malaysia, Mongolia, Myanmar, Nepal, New Zealand, Oman, Pakistan,
Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Switzerland,
Tajikistan, Thailand, United Arab Emirates, United Kingdom, Uzbekistan
and Vietnam. In addition, there are at least 50 more countries waiting in the wings to join.
All of these countries want a way to finance development of their infrastructure
without getting involved in unrepayable debt situations. Can you blame them?
They do not want war! Can you blame them? Like me, they want peace.
There are a number of these "Development Banks" such as Africa's AfDB,
Asia Development Bank, and the Inter-American IADB. But what bothers me is,
who is going to be watching their actions and providing the world with
critical, independent evaluations of their activities? Why should this
be a concern? Because history tells us the people do not receive any direct
benefit. The ones who do benefit, are of course the large corporations who
provide the services for these massive projects. Sometimes even the environment
suffers. More often than not, these large infrastructure projects lead to
expropriations and evictions and relocation of peoples from their settlement,
having no access to review of such corporate schemes. Sure, these huge projects
may serve the overall economy of a particular region, but are really no substitute
for bilateral development cooperation with aims to improve the living standard of
the poorest in undeveloped regions. Or for that matter, developed regions who need
to retrofit with newer technologies.
The World Bank and IMF, based in the U.S., are notorious for placing these
undeveloped countries into deep debt for which they cannot payoff. In trade, their
precious minerals, resources, are squandered away in only partial repayment. For
more info, see John Perkins controversial 2004 book
Confessions of an Economic Hitman. This is how "puppet governments"
are installed. The old addage - "he who has the gold rules", is certainly
true. So one must ask - who has all the gold. Certainly NOT the U.S. Corp.
government who is bankrupt! For information on who stole the U.S. gold and
silver by trickery, fraud and corruption, read my
It appears the
Great Game continues unabated, played out by
what I call the International Luciferian Bankster Cabal who is in ultimate
control and calls all the shots. It also seems they are simply moving
their global puppet power from the U.S. to China. Which begs the question -
what did they promise China? It is past time for all nations to come to grips
with the FACT that you cannot print money, indebt future generations, and wage
war as much as you want without consequences. Sooner or later, you will have to
pay the piper.
It is said that China will take part in the "adjusted" SDRs (Special Drawing
Rights) implemented by the IMF (International Monetary Fund). To me, this
still means - they don't get it.
Christine Legarde, Managing Director for the IMF has stated
the decision regarding the inclusion of China will be made this fall, and implemented
Jan. 1, 2016. China therefore, does not want to see any interruptions (or spikes) in
Gold until that time. So I would surmise that the window will be closing by end of
this year - 2015.
I don't need no "state sponsored education" or "mind control" to know all countries
better wake up to the fact that, giving up their sovereignty to a fraudulent ponzi
schemeing International Luciferian Bankster Cabal, via their bought and paid for
criminal form of so-called governing, is always doomed to fail. That includes the
Brits and Europeans who like to look down their noses at Americans, while they
should be looking into a mirror to see the U.S. has no monopoly on stupidity.
The whole world would do good to remember, that there has NEVER been a fiat
currency that has not disappeared from circulation. There has NEVER been such
massive and worthless amounts of Federal Reserve Fiat Notes in circulation than
there is today. Which by definition, spells CRASH for the U.S. fruadulent and
fake dollar, as well as any other Central Bank controlled/issued currency.
Meanwhile, every ounce of Gold is being purchased primarily by China, Russia,
and India. What does that tell you? Are you awake yet?
Billionaire investor John Paulson recently said, "double-digit inflation
is about to rear its ugly head". And renowned investor Jim Rogers has long
since warned we are facing an "inflation holocaust". Former U.S. Treasury
Secretary Larry Summers recently stated that this "may be remembered as the
moment the United States lost its role as the underwriter for the global economic
system". One thing is for sure, the consequences of this shift away from a
U.S. controlled financial system cannot be understated or under-estimated.
Moreover, the Fed's Fiat Ponzi scheme will go belly up. The U.S. Government can
no longer print their way out of the hole, or grave, they dug for us. When bonds crash
and the Dow dives ... inflation will start to quickly spiral out of control.
It is the most vicious of all of capitalism's cycles. Are You Ready? What
do you intend to do? What if there was a
Plan, to stop this madness, and you did nothing?
As an analytical trader, my charts are telling me that the US dollar will climb
a little more upto 101.5, maybe 104.6. The DOW and S&P 500 are very Top Heavy and
due for at least a Big Correction. Interest can't be held down much longer. When
the rates start to climb - they will really climb and by definition the Bonds will
FAIL. They are already Dropping because NO ONE wants to deal with the U.S. FED
Ponzi Scheme dollar anymore. Can you blame them? And precious metals are bottoming
in a 4th Elliot Wave, and Wave 5 will be higher than Wave 3 (gold's previous
highest high). I bet they will continue to be artificially held down until the
end of 2015 for reasons stated above.
Stephen R. Renfrow©
SRR/all rights reserved