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August 27, 2019 | Multi-polar World, Helicopter Money, Digital Reserve Currency!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

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According to our central planners (banksters), we live in a multi-polar world. This means that the U.S. dollar needs to be replaced with a global digital currency (a multi-polar currency). This was the thinking of Mark Carney at the recent Jackson Hole meeting. We now must wait to see what happens with this idea which I think will be implemented soon. We need to watch these actors for when!

 

A multi-polar world involves mostly the USA, Europe, China, Russia, Brazil, and Great Britain. Brexit will likely mean that Great Britain will be independent later this year. This new multi-polar world also includes all the emerging market countries which depend upon the U.S. dollar  for their reserves. These countries need a currency which is not tied to a single country (so they can manage their financial affairs better). This was part of the message from the recent Jackson Hole meeting of central bankers in Wyoming.

 

The coming digital reserve currency is likely to happen after a major stock market crash IMO. I don’t think this idea can engender acceptance as of today. But after a stock market crash (say 30%) then the thinking of our leaders will change and this will be the opportune time to install this new digital reserve currency. My sense is that this could happen later this year or early in 2020. I sense that it will happen rather soon.

 

This new digital reserve currency will likely be tied to a basket of global currencies (a weighted average of select currencies)…similar to the current SDR currency of the International Monetary Fund (IMF). It will be given a ‘new’ name and then the U.S. dollar will get replaced by this digital reserve currency of our central banks. I would not be surprised if Mark Carney, the author of the idea at Jackson Hole, will head up the committee which administers this new currency. He leaves his post at the Bank of England next January.

 

At the same time as this new reserve currency is implemented we could witness ‘helicopter’ money so as to stabilize the markets. Consumers might get a check from their government to get spending back on track. Helicopter money is nothing more than counterfeit QE money which gets created via the computer by our central planners. It has no value and it technically should be viewed as fake (imaginary) money. It might work temporarily, however, to bolster consumer spending after a market crash.

 

We are living in changing times and digital money will play a huge role for a few years (after the next stock market crash). Nothing will change until this crash in our existing cyber (electronic) markets. This event is likely later in 2019 or early in 2020. Our central planners may actually engineer this crash at the appropriate time. Our markets are now totally monitored, controlled, and manipulated by our central planners (banksters who run the global monetary system).

 

Capitalism is essentially over and the new global regime consists of our central planners (such as the U.S. Fed, the ECB, the BIS, and the IMF). These central planners have control over our global monetary system and these few elites will determine what happens and when IMO. Watch the actors within select central banks for what’s coming. My sense is that the recent message of Mark Carney was approved by most of the banksters who run our world.

 

The key individuals to watch (as of today) are: Jerome Powell, Mario Draghi, Christine Lagarde, Mark Carney, and select prior banksters such as Stanley Fischer, Ben Bernanke, Alan Greenspan, and Paul Volcker). These elites plus a few Deep State operatives will likely determine what will emerge and when. Unelected personnel (I call them central planners) will determine our immediate monetary future.

 

Money rules over this planet and those in control of the monetary SYSTEM determine our economic future. Today, money is mostly digital/virtual/imaginary/fake. It works because we have NO CHOICE in the matter. Regular voters do not understand how our system works and most do not care how it works. I have been teaching these issues for over 50 years and I find FEW who care to understand this corrupt system. All this may change, however, if this coming CRASH is deep and prolonged.

 

Anyway, watch for some event which serves as the catalyst for creating this new digital reserve currency. My sense is that the catalyst will be a stock market crash (say 30% or more). When this happens then the environment will be right for this major change to the ‘Mark of the Beast’ financial system. It’s coming IMO and likely by 2020. Think for yourself to discern these issues. We all are victims of those in control. Have a great day! All is calm as of today!

 

I am: https://kingdomecon.wordpress.com.

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August 27th, 2019

Posted In: Kingdom Economics

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