Archive | October 4, 2016

Britain to Allow Troops to Opt out of Human Rights Law*

Britain to Allow Troops to Opt out of Human Rights Law*

British PM Theresa May said the move would end ‘vexatious claims’ against troops (AFP)

Britain announced plans to allow its soldiers to opt out of European human rights law, in a move Prime Minister Theresa May said would end “the industry of vexatious claims” against troops.

Britain has spent more than £100m ($127m) on Iraq-related investigations, inquiries and compensation, for alleged abuses by British troops during the war, the government said late on Monday night.

Under the new proposal the British government said it would allow soldiers to sidestep the European Convention on Human Rights during times of conflict, depending on an assessment of the circumstances.

“My government will ensure that our troops are recognised for the incredible job they do. Those who serve on the frontline will have our support when they come home.

“We will repay them with gratitude and put an end to the industry of vexatious claims that has pursued those who served in previous conflicts,” May said in a statement.

The plan, announced during the ruling Conservative Party’s annual conference, is intended to prevent legal claims against members of the armed forces, which Defence Minister Michael Fallon said amounted to “false charges”.

“Our legal system has been abused to level false charges against our troops on an industrial scale,” he said.

The government said despite the opt-out from European legislation, soldiers would continue to abide by the Geneva Conventions.

Britain set up the Iraq Historic Allegations Team (IHAT) to investigate allegations by Iraqi civilians of abuse by British soldiers between the US-led invasion in 2003 and 2009 when British combat troops left.

As of March 31, 2016, the team was investigating 1,374 cases, with allegations related to ill treatment, missing persons and deaths.

The Ministry of Defence said in January that the IHAT had dropped 57 investigations, while the military’s prosecuting authority stopped one additional case.

A total of 326 cases have been settled, with compensation payments totalling £20 million ($26 million).

Some rights advocates slammed the government’s move.

Martha Spurrier, the director of Liberty, a U.K. rights groups, said most of the claims against soldiers were not vexatious.

She told the Guardian that the Ministry of Defence should work to eradicate battlefield abuse, not permit it.

Source*

Related Topics:

U.K.’s PM Bans Ministers Talking to the Media*

British Parliament Confirms Libya War Was Based On Lies …*

British air strikes in Iraq and Syria increase by 85%*

British Government Killed 10 Million Iranians In 1919*

British Forces Face Criminal Probe Over 52 Afghan Murders*

British Soldiers Throw War Medals to the Floor*

Reality of British Empire should be taught in Schools – Corbyn*

British SAS Special Forces “Dressed Up as ISIS Rebels” Fighting Assad in Syria*

Fears of a British Policed State Rising Midst the Elite Paedophile Scourge*

Queen’s Speech: Tories Push Ahead with Controversial Plan to Scrap Human Rights Act*

 

Australia, First Country to Begin Microchipping Its Population with RFID Implants in the Human Body*

Australia, First Country to Begin Microchipping Its Population with RFID Implants in the Human Body*

By Organic and Healthy

Back in 2010, CBS news reported that the Australian government had a potential RFID microchipping plan in the works related to the health care system.

Now, it seems that this plan is beginning to unfold but the push is not a result of mandated health care reforms, but rather a clever propaganda campaign that equates RFID microchipping with becoming superhuman, and people are begging for it.

Under the headline ‘Australians embracing super-human microchip technology’, Australia’s premier media outlet news.com.au (News Corp Australia) reports:

It may sound like sci-fi, but hundreds of Australians are turning themselves into super-humans who can unlock doors, turn on lights and log into computers with a wave of the hand.

Shanti Korporaal, from Sydney, is at the centre of the phenomenon after having two implants inserted under her skin.

Now she can get into work and her car without carrying a card or keys, and says her ultimate goal is to completely do away with her wallet and cards.

She told news.com.au:

 You could set up your life so you never have to worry about any password or PINs it’s the same technology as Paypass, so I’m hoping you’ll be able to pay for things with it.

With Opal you get a unique identification number that could be programmed into the chip. Any door with a swipe card … it could open your computer, photocopier. Loyalty cards for shops are just another thing for your wallet.

The microchips, which are the size of a grain of rice, can act like a business card and transfer contact details to smartphones, and hold complex medical data.

In her interview with the Australian news outlet, Shanti claims that her friends and family are envious of her microchip lifestyle;

 My nana wants one. I’ve had more opposition to my tattoos than I’ve ever had to the chip. My friends are jealous.

In fact, the 27-year-old has noticed a business opportunity and set up a distribution service called Chip My Life with her husband, Skeeve Stevens where for just $80 to $140, people can become so called “super humans.”

On the same day this news story broke, Shanti appeared at Australia’s launch of the much anticipated cyborg themed video game Deus Ex Mankind Divided, alongside American implantable technology pioneer Amal Graafstra.

As you can see, the push for RFID microchipping and assimilating the human population with robots and technology, is something that will most likely be sold to the public as helping them to become “super human,” but clearly if you become part machine/computer, that means there will be someone who can control that technology. If you think the elites wouldn’t capitalize on such an exceptional opportunity to control the population you obviously don’t know  history very well.

3fcd8-zbigniew_brezinski-between_two_ages_americas_role_in_the_technotronic_era_1970Amal Graafstra, who became one of the world first RFID implantees back in 2005, just made headlines recently in the US with a prototype of the world’s first implant-activated smart gun and is a huge proponent for this new technology.

He’s written a book, spoken at TEDx and also appeared in a number of documentaries.

In an interview with the Australian media outlet, Amal explained that the technology he has implanted into his body has “given me the ability to communicate with machines. It’s literally integrated into who I am.”

Shanti has bought into the culture that dominates society today, which is one dominated by the fantasy of super heroes that mesmerizes the population at theaters all across the globe.

“Ever since watching movies like the Terminator, Matrix and Minority Report I wondered if we could actually live like that. I always wondered why we all weren’t living as ‘super-humans’

You can watch how Shanti uses the microchip in her daily life in the video below;

Source*

Related Topics:

The World Bank’s Identification for Development*

Implant RFID Chip Technology in Students without Parental Consent*

Non-Compliance Stops California’s RFID Tracking Plans for Drivers

A Successful Strike Against RFID’s – Personalized Electronic Tracking System

Bill Gates’ Population Control Microchip*

Making Radioactive Micro-Chips Child Friendly*

Some Germans Are Microwaving their ID Cards to Stifle Surveillance*

NWO: Smart ID Hits Descending on the British*

 

Hurricane Matthew and the Clinton Foundation Theft from Haiti*

Hurricane Matthew and the  Clinton Foundation Theft from Haiti*

The Category 4 Hurricane set to devastate Haiti with 145MPH winds, 40 inches of rain, and 12 foot storm surge looks to be an unprecedented human tragedy with the country failing to recover after the 2010 earthquake with many in Haiti faulting the State Department, Clinton Foundation.

Two weeks ago the former Senate President of Haiti Bernard Sansaricq told a crowd of Donald Trump supporters that the Clinton Foundation stole “billions” from the Haiti relief fund following the tragic earthquake that left some 316,000 people dead due to the cascade of weakly supported structures and an outbreak of cholera.

The Clinton Foundation has been much maligned in the years that have followed for alleged malfeasance in their relief work following the 2010 natural disaster as Hillary Clinton was Secretary of State at the time and decided to contract with the Foundation, despite the obvious conflict of interest, to provide for the relief effort.

The Foundation reportedly raised $30 million for Haiti relief projects, but locals say that the projects never fully materialized while others point to luxury hotels that were allegedly constructed with relief funds in order to benefit the country’s ruling establishment. Haiti now finds itself in as vulnerable a state as it has ever been with a Category 4 Hurricane barreling in its direction with winds expected to be in excess of 145MPH at landfall (with gusts of 170MPH) which is predicted to do catastrophic damage to the shanty structures that remain years later. The howling winds are expected to be the least of the catastrophe, however, as the storm is forecast to move slowly or stall over Haiti dumping in excess of 40 inches of rain over a three day period while ripping up a storm surge of 12 feet above normal sea level inundating the country with massive flooding and horrific landslides. International humanitarian groups already worry about the potential for a renewed outbreak of cholera for those who can survive the excessive winds and flooding caused by the high seas and torrential downpours from the catastrophic hurricane.

The potential for loss of life resulting from Matthew is almost unimaginable given the country’s vulnerability with the crisis only further exacerbated by the failings of the relief effort in 2010 by the Clinton Foundation – whether or not it was the result of corruption or simply a failure.

Perhaps Hillary Clinton’s worse failure as Secretary of State will be on television screens around the world in less than 24-hours as the Haitian people face a hell that is almost unimaginable – an October surprise that may very well thrust Donald Trump to the presidency, but a surprise that is no better than a horror show laden with the terror and hardship that awaits those who can survive the storm in Haiti.

By Rachael Revesz

Emergency responders are scrambling to reach Haitians most affected by Hurricane Matthew, the strongest storm in a decade.

More than 14,000 people have been displaced and at least 11 people have died in Haiti and Cuba.

The presidential election this weekend in Haiti has been postponed, according to officials, as one of the ‘world’s poorest’ countries is just starting to deal with the aftermath of the storm, which battered thousands of people in poorly-built housing with winds of up to 145 miles per hour.

The area of Haiti most affected was the southern tip, which was directly in the storm’s path, but officials said it was too early to describe the ultimate damage from the storm.

Among the heaviest destruction is a main bridge and communication lines are down.

The worst of the storm may have now passed Haiti, but 10,000 people are still in shelters and hospitals are stretched to their limits, according to U.N. special representative Mourad Wahba, as reported by the BBC.

Disturbing videos showed people almost being swept away in fast-flowing rivers of mud, while others attempted to cross the swell with their possessions on their backs.

At least four people have been killed in the Dominican Republic due to collapsing walls and mudslides.

Mudslides could continue for days due to rain-soaked ground.

In Cuba, dozens of homes were damaged in the eastern city of Baracoa and several people were reported dead.

Meteorologists predict Hurricane Matthew will barrel towards Florida by Thursday evening and then move eastwards into the Atlantic Ocean, possibly sparing cities like Boston and New York.

Florida governor Rick Scott warned his state was in for a “direct hit” and millions of people across the Sunshine State as well as Georgia, North and South Carolina have been ordered to evacuate.

CNN reported that at least nine out of 14 weather models showed Matthew circling back towards Florida, possibly making landfall in the state twice before dying down.

The storm, currently a category three hurricane, is traveling over the Bahamas on Wednesday evening, and is predicted to dump between eight and 15 inches of rain on the islands.

All air and seat traffic has been halted, and residents are being encouraged to move to higher ground.

Matthew is expected to regain strength over warm water north of Cuba, as reported by the Weather Channel, before hitting parts of Florida’s east coast and areas along the coast of Georgia.

Pentagon Paid $540mn to Bell Pottinger to Produce Fake Terrorist Videos*

Pentagon Paid $540mn to Bell Pottinger to Produce Fake Terrorist Videos*

21st Century Wire says…

The latest chapter out of the fake war on terror: the Pentagon paid over half a billion dollars in US taxpayer money to a British PR firm – to create fake al Qaeda videos.

London-based PR firm Bell Pottinger, has a long list of unsavoury clients including Saudi Arabia, General Pinochet, and now the CIA too.

This dodgy contract was signed off by White House and the General David “The Surge” Petraeus, which is particularly interesting when considering that the firm was also paid to created fake Al-Qaeda propaganda videos, which were then planted by the military in homes they raided.

Where this story gets really interesting is taken in context with all of the numerous staged ISIS and ‘Jihadi John’ terrorist propaganda videos which flooded the US and British press and which were the basis for the entire US-led intervention against the so-called Islamic State in Syria. In addition, the character known as ‘Jihadi John’ has direct ties to British Security Services.

Part of Petraeus’s deceptive operation also involved running an Arabic sector similar to US domestic propaganda efforts like Operation Mockingbird, where the Pentagon contractor would craft scripts for Arabic soap operas where characters would reject terrorism with happy consequences. This is especially interesting when considering that this Turkish TV program seems to predate the ‘Jihadi John’ video genre, indicating that the same production team may have been employed in producing the fake green screen Jihadi John terror videos. Watch:

Free Thought Project

According to a new joint investigation by the Sunday Times and the Bureau of Investigative Journalism, the Pentagon paid a PR firm based in the U.K. over half a billion dollars to make fake terrorist videos in Iraq as part of an enormous propaganda campaign.

PR firm Bell Pottinger fabricated short TV segments designed to imitate Arabic news networks and “fake insurgent videos which could be used to track the people who watched them, according to a former employee,” reports the Bureau.

High-ranking U.S. military officials worked with the firm’s employees at Baghdad Camp Victory to create anti-terrorism propaganda to imitate the real thing, the Bureau claims.

Besides the Pentagon, Bell Pottinger’s list of clientele reads like the who’s who of unsavory characters — Chilean dictator Augusto Pinochet’s foundation, Margaret Thatcher, and the government of Saudi Arabia, for example.

Bell Pottinger’s former chairman, Lord Tim Bell, reportedly confirmed to the Times collaborated on a “covert” military operation “covered by various secrecy agencies” — and reported to the CIA, the Pentagon, and the National Security Council.

According to the report, the firm was brought to Iraq and began working shortly after the United States first invaded, under the condition it negatively portray Al Qaeda — and then track who watched the propaganda.

Both the White House and General David Petraeus, then commander of coalition forces in Iraq, signed off on the program — thus the president was almost certainly well aware of its existence.

“In the first media interview any Bell Pottinger employee has given about the work for the US military in Iraq, video editor Martin Wells – who no longer works for the company – told the Bureau his time in Camp Victory was ‘shocking, eye-opening, life-changing,’” the Bureau reports.

By tracking U.S. Army contracts, records of federal procurement transactions, reports for the Department of Defense Office of Inspector General, corporate records from Bell Pottinger, and more, the Bureau was able to discover the extent of the program.

One military contractor, who spoke with the outlet to explain the three types of labels given to media operations, or Ops, used in Iraq during that time, said:

“White is attributed, it says who produced it on the label. Grey is unattributed and black is falsely attributed. These types of black ops, used for tracking who is watching a certain thing, were a pretty standard part of the industry toolkit.”

Records revealed the operation involving the PR firm cost well over $100 million each year — and at its height, employed more than 300 British and Iraqi staff.

All told, the Bureau: “identified transactions worth $540 million between the Pentagon and Bell Pottinger for information operations and psychological operations on a series of contracts issued from May 2007 to December 2011.”

A former Bell Pottinger employee, Martin Wells, discussed his unusual job with the Bureau in an interview, saying he had no idea what the job was about when he came on board in 2006.

“You’ll be doing new stuff that’ll be coming out of the Middle East,” the video editor was told by his agent.

“I thought ‘That sounds interesting,’” Wells recalled.

“So I go along and go into this building, get escorted up to the sixth floor in a lift, come out and there’s guards up there. I thought what on earth is going on here? And it turns out it was a Navy post, basically. So from what I could work out it was a media intelligence gathering unit.”

For the ‘grey ops’ portion of the work, the employees crafted television commercials showing Al Qaeda negatively, and others involved making segments designed to look as if they’d been “created by Arabic TV,” Wells noted.

Bell Pottinger film crews went on location to tape low definition bombings by Al Qaeda, which would then be edited appropriately for believability, voiced over in Arabic, and distributed to TV stations in the region — though the outlets weren’t always made aware of the American involvement in such segments.

Writes the Bureau:

“The third and most sensitive programme described by Wells was the production of fake al Qaeda propaganda films. He told the Bureau how the videos were made. He was given precise instructions:

‘We need to make this style of video and we’ve got to use al Qaeda’s footage,’ he was told. ‘We need it to be 10 minutes long, and it needs to be in this file format, and we need to encode it in this manner.’

“U.S. marines would take the CDs on patrol and drop them in the chaos when they raided targets. Wells said: ‘If they’re raiding a house and they’re going to make a mess of it looking for stuff anyway, they’d just drop an odd CD there.’”

Those CDs were made to play using Real Player, which connects to the Internet to operate, and, as Wells told the Bureau, ‘the team embedded a code into the CDs which linked to a Google Analytics account, giving a list of IP addresses where the CDs had been played.’

Only three people had access to who was tracked in this way, he explained — himself, a U.S. military commander, and a senior manager at the PR firm.

Bell Pottinger did work for the DoD under the Information Operations Task Force, the Pentagon confirmed for the investigation, but insisted the information it distributed was “truthful.”

However, an unnamed and thus unverified U.S. defense official confirmed Wells’ account that Bell Pottinger also performed work under the Joint Psychological Operations Task Force (JPOTF) — bringing to mind similarities to Operation Mockingbird.

Wells explained to the Bureau, “We’d get the two colonels in to look at the things we’d done that day, they’d be fine with it, it would then go to General Petraeus. If [Petraeus] couldn’t sign off on it, it would go on up the line to the White House, and it was signed off up there, and the answer would come back down the line.”

Clearly, the military would have interest in shifting the regional narrative in its favor — but continued government hijacking of the media seems at best highly questionable, and at worst, detrimental to the very idea of a free press.

Bell Pottinger cut ties with the U.S. military propaganda operation in 2011, when the unit it worked with left Iraq.

Source*

Related Topics:

Petraus’ Resignation will Reveal Much More Dirt than the Division over Iran

Steven Sotloff Another ISIS-U.S False Flag to Whip-up the Blood-Feast

Staged ISIS Beheading Vide Hacked from McCain Staffer

Deutsche Bank Keeping Customers from Accessing Their Money*

Deutsche Bank Keeping Customers from Accessing Their Money*

Well, that poor bank has had technical difficulties and many customers are unable to access their accounts. Don’t worry, though – it’s totally unrelated to the death throes of one of the most powerful banks in the world.

moneyblackholeZero Hedge reported that this is not the first time the beleaguered bank has suffered “IT Issues” or been unable to provide its customers’ with their money.

Making matters even worse, as Reuters and Handelsblatt reported, the bank suffered a further blow to its image this weekend with a third IT outage in the space of a few months on Saturday “that prevented some customers getting access to their money for a short time.”

Handelsblatt adds that “among rumors about state aid, the dramatic fall in its stock price, and an attack by hedge funds on the most important domestic bank, now come reports of a new IT glitch. “Customers can not access their cash because it is blocked”, a customer complained on Saturday morning to Handelsblatt, adding that “I am stunned: I can’t make weekend purchases since I can neither get cash nor pay by card.”

One week ago, the bank suffered delays and errors in its online banking platform, and in many cases deposits and debits “were displayed twice or not displayed at all.” In June, customers were unable to withdraw money. Also, as reported here, in late August, Deutsche Bank was forced to make a statement after reports emerged that it was unable to provide physical gold upon request for delivery from the Xetra-Gold ETN.

I’m sure everything is just fine, though. Don’t listen to conspiracy theorists who say otherwise.

As well, don’t pay any attention to the fact that Germany’s second largest bank, Commerzbank, is cutting more than 10,000 jobs and no longer paying dividends to stockholders.

If you aren’t prepped for a stock market crash, you need to get with it.

While we’d love to say that the crash of banks across the sea in Germany will have no effect on us, that’s simply not the case. Our market has already shown stress from the Deutsche Bank troubles, and should the bank go under completely, we will definitely feel the repercussions in North America.

Last summer the BBC reported on exactly how bad it would be if the Deutsche Bank failed:

…the IMF said that, of the banks big enough to bring the financial system crashing down, Deutsche Bank was the riskiest. Not only that, Deutsche Bank’s US unit was one of only two of 33 big banks to fail tests of financial strength set by the US central bank earlier this year.

Here’s what you need to do immediately in the event of a stock market crash.

  • Take your money out of the bank ASAP.  If you still keep your money in the bank, go there and remove as much as you can while leaving in enough to pay your bills. Although it wasn’t a market collapse in Greece recently, the banks did close and limit ATM withdrawals.  People went for quite some time without being able to access their money but were able to have a sense of normalcy by transferring money online to pay bills or using their debit cards to make purchases.  Get your cash out. You don’t want to be at the mercy of the banks.
  • Stock up on supplies.  Make sure you are prepped. If you’re behind on your preparedness efforts and need to do this quickly, you can order buckets of emergency food just to have some on hand. (Learn how to build an emergency food supply using freeze dried food HERE) Hit the grocery store or wholesale club and stock up there, too, on  your way home.
  • Load up on fuel.  Fill up your gas tank and fill your extra cans also. Quite often, fuel prices skyrocket in the wake of a market crash.
  • Be prepared for the potential of civil unrest. If the banks put a limit on withdrawals (or close like they did in Greece) you can look for some panic to occur. If the stores dramatically increase prices or close..more panic. Be armed and be prepared to stay safely at home. (Although this article was written during the Ferguson race riots, civil unrest follows a similar pattern regardless of the cause.)
  • Be prepared for the possibility of being unable to pay your bills. If things really go downhill, the middle class and those who are the working poor will be the most strongly affected, as they have been in Greece during that country’s ongoing financial crisis.  This article talks about surviving if you are unable to pay all of your bills.

Go here to read the rest of the article about what to do in the event of a market crash.

Source*

Related Topics:

Financing the New World Order

Deutsche Bank the Worlds Most Dangerous Bank Shares Halved

Germans Lose Faith in Banks and Rush to Buy Safes

Financing the New World Order*

Financing the New World Order*

The yuan was officially added to the IMF’s SDR basket today, which may not be world-shattering in and of itself. But when combined with the revival of SDR-denominated bonds there can be no doubt that the central bankers are making their play for a global currency. Unfortunately, most people have no idea what SDRs are, let alone the role they are going to play in the formation of the global government. Get up to speed with The Corbett Report’s latest article, “SDR World Order.”

By James Corbett

I’m not sure how to break this to you, but it appears the world is ending this weekend. Or at least that’s what you’d believe if you were reading certain corners of the internet.

As you may have already heard, the UN is “taking over the internet” this weekend. But as you’ve also heard if you follow The Corbett Report, that is a completemisrepresentation of what is really happening. Worse, hyperbole about a “UN takeover” of the internet obscures the real solution to ICANN and the centralized DNS system.

But there’s another “end-of-the-world” event taking place this weekend that you might not have picked up on: the SDR.

That’s right, the IMF is formally adding the Chinese renminbi (aka the yuan) to their “Special Drawing Rights” basket on Saturday, October 1st. The move boosts the yuan to the status of global reserve currency alongside its basketmates, the pound, the euro, the yen and the dollar. At 10.92% it will be the third highest-weighted currency in the basket, behind the euro at 30.93% and the dollar at 41.73%.

For those who missed my previous reporting on the SDR and the significance of the yuan’s inclusion, here’s the primer:

  • The SDR is not a currency, but a potential claim on dollars, yen, euros, pounds, and now yuan.
  • It is issued by the IMF and held (and traded) as a “supplementary reserve asset” by central banks.
  • There are 204 billion SDRs outstanding, equivalent to $285 billion or about 2.5% of total global reserves.

The upshot of the SDR is that it provides liquidity for global transaction settlement in times when dollars and gold are in scarce supply. Inclusion of a currency in the SDR basket means that there is a built-in demand for that currency as central banks tend to match their currency holdings to the basket’s weighting, meaning that central bankers around the world are now (or have already) adjusted their aggregate holdings of yuan to about 10.92% of their portfolio. With $11.6 trillion of reserves globally, that equates to over $1 trillion worth of yuan being held in central bank coffers around the world.

More than that, the move is expected to boost investment in the yuan from both FX reserve managers and global portfolio managers. The FX inflows alone have been estimated at as much as $3 trillion in the coming years, with onshore bond buying accounting for a further $1 trillion of expected foreign investment.

Some outlets are hailing this as the largesttransformation of the global monetary order since WWII.

Others, like Barron’s Chi Lo, are putting a wet blanket on that hyperbole. In an article titled “What Now for China as Renminbi Joins SDR?” Lo argues that much of the re-balancing of global reserve portfolios have already been completed, and would have only amounted to an extra $31 billion of demand for the yuan, a drop in the bucket of global liquidity. And global investors, he says, will not base their investment decisions on China’s SDR status, but on China’s commitment to the structural reforms which have been put on the back burner since the yuan achieved SDR status:

“SDR inclusion of the renminbi is not relevant to the portfolio re-balancing decision (to increase the weighting of renminbi-denominated assets) of international investors. The impact on global portfolio decisions will come from foreign investors’ assessment of China’s fundamental outlook, the opening of China’s capital account and the decision by international index providers, such as MSCI, to include Chinese A-shares in their global indices.”

So who’s right? Is this the dawn of a new monetary order, or a blip of little significance in and of itself? Well, in a weird way perhaps both are right. China’s SDR inclusion is not going to turn the world upside-down overnight. And if it was just the inclusion of one more currency in the global reserve basket (and only 10% of the basket at that), then this wouldn’t be significant all by itself. But while you were sleeping another development came along that gestures to the potentially transformative nature of this SDR makeover.

In August the World Bank announced to relatively little fanfare an historic bond issue: The International Bank for Reconstruction and Development (IRBD), one of the five institutions under the World Bank umbrella, would sell nearly $3 billion worth of SDR-denominated bonds. And the currency of settlement? The Chinese yuan.

SDR-denominated bonds were flirted with decades ago, most recently in 1981, but the market for SDR bonds did not develop and they soon went the way of the dodo. But now, lo and behold, 35 years later they’re making a comeback, right in the heart of the world’s rising economic dragon.

The issue, which went ahead on August 31st, serves a mundane, practical purpose: It allows Chinese investors to dabble in different currency assets without investing abroad. But at the same time it serves a much bigger purpose. In attempting to revive the long-dormant SDR bond market, China is tacitly backing the SDR as a reserve currency unto itself. Not a mere claim that is redeemed in other currencies by central banks in need of liquidity, but a settlement currency in and of itself.

As I explained before, this has been Beijing’s plan since the 2009 crisis: not to have the yuan replace the dollar as the global reserve, but to have the SDR replace the dollar. This allows the Chinese government to avoid having to liberalize the yuan or ease up on its rigid capital controls, but still gives it a seat at the table in a new global monetary order while simultaneously dethroning their best frenemy, the US. It’s win-win-win for China and, more importantly, win-win-win for the globalist oligarchs who want to bring in a New World Order of globally-administered currency.

As The Epoch Times puts it: “This is the first step toward one world currency.”

And guess what? It’s been in the planning for years, openly discussed in the central bankers’ white papers, decision documents and conferences, but conveniently unreported by the media and completely overlooked by the public.

In March 2009, as the world was still reeling from the Global Financial Collapse, Zhou Xiaochuan, the Governor of the People’s Bank of China, published an essay on March 23, 2009 in an essay bluntly titled “Reform the international monetary system.” In it, he argued that the world could no longer afford to be tied to the US dollar and the vagaries of the American financial system. Instead, it needed to be presided over by those trustworthy angels at the IMF:

“Compared with separate management of reserves by individual countries, the centralized management of part of the global reserve by a trustworthy international institution with a reasonable return to encourage participation will be more effective in deterring speculation and stabilizing financial markets. The participating countries can also save some reserve for domestic development and economic growth. With its universal membership, its unique mandate of maintaining monetary and financial stability, and as an international ‘supervisor’ on the macroeconomic policies of its member countries, the IMF, equipped with its expertise, is endowed with a natural advantage to act as the manager of its member countries’ reserves.”

And in case that wasn’t clear enough, Zhou also wrote that: “The SDR has the features and potential to act as a super-sovereign reserve currency.”

The very next year the Bank for International Settlements (yes, that Bank for International Settlements), the European Central Bank and the World Bank jointly organized the Third Public Investors Conference, a chance for 80 central bankers, wealth fund and pension fund managers to hobnob at the BIS’ headquarters in Basel and discuss their world domination schemes. The results of that conference were collected in an edition of “BIS Papers” and published on the BIS website. One of those papers, penned by George Hoguet and Solomon Tadesse of State Street Global Advisors, discussed “The role of SDR-denominated securities in official and private portfolios” and predictably pimped the revival of SDR bonds that we are currently living through:

“An investor can synthetically replicate the weights of an SDR-denominated bond, but a security denominated in SDRs is self-rebalancing and is likely to minimize rebalancing costs. Additional research, particularly on the coordination problem (which limits liquidity) and operational issues, including settlement, can facilitate the development of an SDR-denominated bond market. Williamson (2009a) suggests that greater private use of the SDR could possibly facilitate greater official use, including the pegging of currencies to the SDR rather than to a basket of currencies or to some bilateral exchange rate.”

In other words, SDR bonds create the market for SDRs generally and legitimate their use as a settlement currency in their own right.

Now, six years later, here we are with the World Bank helping China issue SDR-denominated bonds. This is the real reason that this bond issue is happening at all. As The Epoch Times points out:

“For the IBRD, there is no advantage because it is borrowing in strong currencies and getting paid in a relatively weak one.”

No, this is not about some wonderful new way for the World Bank to cheaply finance its bond issues; it is entirely about legitimizing the role of the SDR on the world stage as a potential world currency.

It remains to be seen whether this strategy will be successful. The first bond issue was a success, with a bid to cover ratio of 2.5 and 50 institutional investors—from central banks to domestic banks, brokerages and insurance companies—bidding on the instruments. But ZeroHedge quotes a fixed-income fund manager in Hong Kong who was not so impressed by the auction: “We are not interested in SDR bonds and we can’t see why Chinese investors should want these bonds since they can easily buy much higher yielding bonds in China.”

Whether SDR bonds will take off depends completely on whether the central bankers can convince the financial world of the benefits of scuttling the dollar reserve system. That will take some concerted effort, which is why we should expect to see an increase in stories raising awareness about SDRs and their potential utility in the coming years.

In that sense, the spate of stories this weekend about the yuan’s SDR inclusion may not be so much the end of the world as the first wave of propaganda getting people ready for the end of the world.

Source*

Related Topics:

China and NWO

Behind the Global Financial Reset*

The U.S. is At the Centre Of The Global Economic Meltdown*

The Global ‘War on Cash’: A Country by Country Guide*

Agenda: Redistribution of Global Wealth behind Global Warming Alarmists*

Global Bankster Mafia Caught Rigging Markets to Destroy Middle Class*

U.S. and U.N. Power Hand-Over or Hostile Take-over*

CETA Deal About to Be Ratified – Investors to Attack Public Interest Safeguards*

Heritage as Defiance against Elite Lies and Erasure*

Heritage as Defiance against Elite Lies and Erasure*

By Lebohang Liepollo Pheko

A manipulative form of nationalism that has been sanctioned over the past twenty years in neo-colonial South Africa seems determined to reconstruct a nation of disfigured memories and half-truths. Citizens must resist this manufactured nation building characterized by dispossession, coercive silencing and constant un-remembering.

September offered South Africa yet another occasion to pore over shared national heritage, contested memories and the construction of meaning. Like March 21, June 16 and the many dates in between, it was another missed opportunity to advance a truthful discourse on ownership of both the past and the present. The politics and ethics of memory present an ongoing tension for countries such as ours, which are emerging from a period of deeply fragmented recollections of what was and was not. Andre Brink suggests that:

“the best we can do is to fabricate metaphors – that is, tell stories – in which, not history, but imaginings of history are invented.” Although deeply dissatisfactory, this seems to be the narrative pursued by Official Historydom.

South Africa is not the only country that is contending with heritage as a site of political battles. Memory is an act of defiance particularly because erasure is an instinct of conquest. Cultural identity and truthful interpretation of the past are scarce currency in South Africa today. This is largely because the official archives and accounts of political exploits and the historical context of Apartheid colonialism are constructed to privilege partisan political interests. Equally inimical is officialdom’s insistence on erasing or diminishing the wrongdoing of the former oppressors. The act of remembering is nourished by deliberate and vigilant consciousness that is anchored by a strong ethical framework. It must be divested of party political claims that clutter the national discourse.

A particularly capricious form of national identity and nationalism, which is often utilised in neo–colonial states, can promote or consolidate political objectives. The fabricated reconciliation, as part of South Africa’s heritage, serves the merchandising of the fictitious “rainbow nation” rather than the redemption of the Afrikan psyche.  Such sentiment is difficult to reverse or reshape once wielded.

The United States has similarly built itself on the imagination of the American Dream even though the contradictions of racism, sexism and class oppression have kept a huge part of the population in conditions of poverty, early death, police brutality, unemployment and despair. Despite this, millions of people enter America to partake in a heritage that extends to very few people beyond the white, male, middle class. The South African scenario is similarly unfolding and the practice of manufactured nation building has come at a price of dispossession, coercive silencing and constant un-remembering. This contributes to creating the condition of unknowing and unseeing the truth as a survival mechanism.

The ethics of remembering should not allow the sacrifices of the dead to be diminished by acts of political vandalism. The vandalism that we witness daily has multiple locations. The education system has remained uncritical of allowing a colonial aesthetic to shape the minds and discourses of young minds. The manipulative form of nationalism that has been sanctioned over the past twenty years seems determined to reconstruct a nation of disfigured memories and half-truths. The heritage industry is sometimes another site of vandalism rather than a broadly representative recollection of the past 350 years of battle and painful formation of this nation in all its contradictions. Corrosive recollections are not unique to this country. They reflect the characteristics, power and intent of the ones who shape history.

The most spurious wars such as the ‘War on Terror’ have been valorised for posterity in some quarters. Enquiry of memory must be accompanied by an underlying discomfort and reality that memory is often subjective and chauvinistic. This necessitates greater space for multiple and competing narratives. In the context of neo-colonial nation building, these narratives should be anchored to formation and celebration of Afrikan stories, contexts, histories and herstories. The extent of the genocide on our being, our continent, our imaginations and humanity requires an ongoing and dynamic rehabilitation of our core. An ethical memorial framework should transfer not only political and economic power, but also transfer the sovereignty of memory and Afrikan identities.

Erasure has allowed and enabled the men and nations who violated the  ‘comfort women’ during the World War 2 to remain unaccountable. Erasure has enabled the slave trade in Congo, which reduced the population by 70%, to be airbrushed even in national discourses. Erasure was the catalyst for the forced removal of millions of aboriginal children in America, Australia, Canada and New Zealand (Aotearoa) from their loving families, in order to be culturally whitewashed in cruel state orphanages or adopted into white families. Erasure is the reason that Welsh and Irish children’s tongues were cut in English-run schools to prevent them from asserting self-knowledge in Gaelic. Erasure has removed Shaka from Heritage Day, removed Moshoeshoe, Bambaatha, Manthatisi, Modjadji and countless others from the national calendar. The names and battles of the ones who fell and continue to fall today should be etched in our consciousness.

Heritage is always contested and the uncomfortable connection with colonial legacies is evident in the architecture around us, the food we eat, the music we hear, the languages of instruction and commerce. This hybrid of culture should neither confuse nor befuddle our aspirations towards Afrikan consciousness embodied in our poetry, languages, literature, moments of national remembrance and ways of being. Millions of Afrikan minds, ideas, words, thoughts, inventions, musical notes, physical efforts, intellectual endeavours and epistemic undertakings have contributed towards and built imaginations, monuments and empires across the world. Despite this, the U.S. and European empires remains unapologetic and impervious   to the huge debts they owe to Afrikan creativity, brilliance and blood. The subjugation of others seems to be an indelible core of those empires and the defence of the indefensible an inherent legacy born out of a culture of conquest.

The interrogation of memory and heritage creates an ethical requirement of nation building and also a powerful opportunity to reframe and challenge the narratives of “reconciliation and truth” that have been efficient midwives for erasure and amnesia. It is a potent instrument of vexing political sentiment. Democratisation of memory removes domination of memory discourse from those who can write or conquer media and publishing houses to essentially frame a narrow and often disjointed interpretation of history. Democratisation brings the stories and accounts of communities and individuals across the socio-political spectrum to the centre. Shared or social memory is the gamut of traditions, languages, food, struggles, legends, taboos, spirituality, battles and interpretations of events and that lend themselves to the act and practise of being Afrikan. Self-knowledge is the highest forms of sovereignty and any nation or people who do not protect or even recognise multiple forms of knowing and remembering are disfiguring their identities.

The negation of one set of memories over another is inscribed by the negation of one set of experiences over another. The politics of negation and erasure in neo-colonial South Africa have resulted in a particular framing of patriotism that has dislocated the Africanist and Black Conscious contributions from the struggle and corralled collective thinking accordingly. Equally problematic is the elitism and othering that is promoted by the framing and site of heritage. Rather than being diminished to a dashiki or Seshoeshoe once a year, heritage ought to form the normative acts, symbols and forms of our daily existence. Traditional clothing is a powerful symbol of being and rather than being fetishised once a year, should from the tapestry of our community, work places, schools until the colonial imagination is diminished. This tapestry includes the languages, names, poetry, literature and  human ethic that contribute to the people we are. Nation building requires that we stand as witnesses to the full truth of the past and the present. It requires a critical mass comprising of the plurality of the many who know, who see and who speak.

To quote Cabral:

“The colonists usually say that it was they who brought us into history: today we show that this is not so.”

Source*

Related Topics:

Knowledge of Life*

Rare ‘ring of fire’ Solar Eclipse puts on Spectacular Show over Africa*

ICA Finally Admits World Map is a Propaganda Tool for Power, Western Cartographers Deliberately Shrunk Africa*

Human DNA Tied Mostly to Single Exodus from Africa Long Ago*

Why Apartheid Still Exists in South Africa*

BRICS Under Attack: NWO Tentacles Extending into South Africa*

Gates Foundation Gives Tulane U Millions to Curb African Population*

Canada’s Role in the Sacking of West Africa’s Benin City*

African Woman Schools U.N. Delegate on Why Pushing Abortion is ‘neo-colonialism’*

The Case for Reparations to Africa: Britain Apology is Cheap*

An Ancient African Faith based on obtaining God Consciousness!