Pegasus Research Consortium

http://www.zerohedge.com/news/2013-10-13/chinas-official-press-agency-calls-new-reserve-currency

Potentially, this is huge.  I also believe it could change the politics that obstruct Disclosure.

Some of China's (which as a reminder is the single largest offshore holder of US Treasury paper, and the second largest of all only second naturally to the Federal Reserve whose $85 billion in monthly monetizing "flow" is what is keeping rates from exploding higher) thoughts as captured in the Xinhua Op-ed:

Reform of the world's financial system should include the introduction of a new internatonal reserve currency to replace the U.S. dollar
   
The international community could thus permanently stay away from the spillover of intensifying domestic political turmoil in the U.S.
   
Fiscal impasse in the U.S. is a good time for "befuddled world" to start considering building a "de-Americanized world"  Impasse has left many nations' dollar assets in jeopardy and the international community agonized

Other cornerstones should be laid to underpin a de-Americanized world, including respect for sovereignty, recognizing authority of UN in handling global hotspot issues and giving developing and emerging market economies more say in major international financial institutions

Purpose of such changes is not to "completely toss the United States aside," rather to encourage Washington to play a much more constructive role in addressing global affairs

Of course, if and when the day comes that the USD is no longer the reserve currency, kiss America's superpower, or any power, status, which is now based purely on the USD's reserve currency status, and the ability to fund half the US budget deficit with debt promptly monetized by the Fed, goodbye.
http://www.zerohedge.com/news/2013-10-13/chinas-official-press-agency-calls-new-reserve-currency

Just thought I would highlight parts that are relevant to recent discussions on PRC Forum.

Quote from: Pimander on October 14, 2013, 12:09:26 AM
Fiscal impasse in the U.S. is a good time for "befuddled world" to start considering building a "de-Americanized world"  Impasse has left many nations' dollar assets in jeopardy and the international community agonized

Other cornerstones should be laid to underpin a de-Americanized world, including respect for sovereignty, recognizing authority of UN in handling global hotspot issues and giving developing and emerging market economies more say in major international financial institutions.

This could potentially be an extremely positive thing.

QuotePurpose of such changes is not to "completely toss the United States aside," rather to encourage Washington to play a much more constructive role in addressing global affairs

I think the American government does need to be marginalised, until the American public are no longer willing to allow their country to be governed by a collective of fascist psychopaths.

Quote from: petrus4 on October 14, 2013, 12:22:36 AM
I think the American government does need to be marginalised,

Caution is needed too before the world jumps aboard.  The US Constitution is better than most.  China do not have the Universe best human rights record and I see nothing about promoting democracy there.

I did think it was an interesting coincidence that we have been discussing some of these issues.

I personally think that this is a dangerous time.  Yes, power shifts can be welcome, but power shifting to what entity?

If NASA photographs are airbrushed or censored as some claim, will China be submissive to US desires to conceal such images in the future?

http://www.cnn.com/2013/08/29/world/asia/china-space/index.html

For example, suppose they mapped the Moon?  Or actually went there?

Quote from: Pimander on October 14, 2013, 12:31:16 AM
Caution is needed too before the world jumps aboard.  The US Constitution is better than most.  China do not have the Universe best human rights record and I see nothing about promoting democracy there.
snip

We look at rights that the news presents us. They are owned and will write what they want. Look around at other countries and their past also. This place is passive. The country is passive.

They are working very hard to get the people fed and kept alive and have money. They have now made education a law You get a free education through 9th grade. In the future maybe High school.

I still don't see any forced child labor factories. It is against the law for a child to work untill 16 in some jobs, 18 in most. They have an inforced minimum wage and a 44 hour week before overtime must be paid. All workers now are getting a Social Security payment taken out of their check. They pay about 1/3rd. The boss 2/3rds.

They can use this account if they wish to pay doctor bills. I make more money than most doctors do. at home they are millionairs. My last office visit at home was 150usd. wow. 15 minutes in all. 600 an hour to the office for talking. Here it is a couple of bucks no matter which one you see. I prefer to find a military doctor here, they are better trained and speak some English.

There is now a very large middle class of highly educated people that respect life. All childred must learn Engish, Are your kids learning Chinese?

The current China is changing so fast it is nothing like you think it is. Take a real trip and see. In another 20 years it will be the number one place in the world if they keep going.

What human rights are you talking about, Voting? I see how well that is working at home. Here they have real plans, they call them 5 year plans. And they stick to them. Things get done very fast.The 5 year plans have other 5 year plans staacked up in the rears. They work on the next one while in one. They are thinking ahead with many plans, Maybe 5 or 6 are outlinned. 30 Years ahead.
With that many plans, you can make a budget and stick to it.

Our DC guys look at the next under the table paycheck and vote where the money is. People in the states are without a lot of things. Jobs, food, money yet the DC group tosses it around to other countries like candy. They took the bread out of the basket. But I need to see it first hand, the human rights problem everyone talks about.

D

Hey, I didn't say China has the worst human rights record either.

Just because democracy is currently dominated by greedy corporations doesn't mean it has to be.  Babies should never be thrown out with the bathwater.

We have a minumum wage in the UK too you know. :)

Hey, I didn't say China has the worst human rights record either. [agree]
Just because democracy is currently dominated by greedy corporations doesn't mean it has to be.  Babies should never be thrown out with the bathwater.

[In a way I don' know what Democracy is in the states anymore. According to the bill of rights the fed has limits. The DC group is tossing that aside with their own rules. Some (all) of the laws I read that get passed are without consent of the people. The pres seems to do what they want. It is a mix now. I think the founding fathers are not happy. Most Americans are not happy either.]

We have a minumum wage in the UK too you know. :)  [agree, How much is it now?]

Quote from: Pimander on October 14, 2013, 12:31:16 AM
Caution is needed too before the world jumps aboard.  The US Constitution is better than most.  China do not have the Universe best human rights record and I see nothing about promoting democracy there.

I did think it was an interesting coincidence that we have been discussing some of these issues.

I personally think that this is a dangerous time.  Yes, power shifts can be welcome, but power shifting to what entity?

This has always been America's customary justification for its' depravity, yes; the idea that as bad as it is, someone else is worse.  Up until recently, this was almost an argument that I was willing to accept.  Given the fact that the country is currently experiencing a re-enactment of Weimar Germany, however, said false rationalisation no longer really holds a pretense of plausibility.

As for the American Constitution being better than most; perhaps it is, in some respects.  Yet we can do better still.  The Jeffersonian system is modelled on that of Rome, and its' primary weakness is therefore the same as Rome's was; the perpetual corruption of the legislative branch.  There has never been a Senate that was not a bribed, necrotic gerontocracy.

The problem, to be more specific, however, is not legislature itself, but federalism.  We must have a scenario where no legislature is able to make law, which is binding on anyone who is not physically present within the room.  The only people who are bound by a law, must be those who directly, personally sign it.  That will put an end to government existing in opposition to, rather than with, the consent and interests of the governed.

We do not have democracy, at the current time.  What we have is a scenario, where a corrupt, authoritarian legislature, consisting of the elderly, pass laws which often concern issues that said geriatrics know precious little about; laws in relation to which, the consent of those bound by them is considered entirely irrelevant.  If the public, once they have had such legislation imposed from on high, attempt to protest, then the police are dispatched to inflict injury and make arrests.  The Americans in particular have the gall to refer to such a condition, as a free society.

Yet it is not, in truth, entirely the government's responsibility; and this must be acknowledged.  My time with Reddit has shown me, that large numbers of my own generation and younger, willingly allow themselves to be bound by a particularly serpentine, unspoken form of tyranny which can be referred to as Repressive Tolerance (http://www.marcuse.org/herbert/pubs/60spubs/65repressivetolerance.htm).

When the Marxist Left began their campaign to destroy the previously stable American society, they were initially faced with a dilemma.  The American Constitution explicitly guaranteed freedom of speech; and apparently there was no way around that.  Yet in time, a solution to the problem was found, and as has often been the case, with the help of the gay movement.

What the gay movement did, was to invent the term, "hate speech."  Once this was done, they then declared that hate speech was an exception to the Constitution's guarantee of free expression.  At first, the range of exception was limited; but its' initial range was irrelevant.  The vital point was that the concept of an exception could be introduced.

As a result of this, in time, many other things came to be considered exceptions to the Constitution's guarantees.  Hitler's rationalisation was adopted, concerning child pornography being an excuse for any kind of repressive legislation that the government wished to pass.  Terrorism was invented, and it was said that any form of speech which might assist terrorists, had to be considered an exception to the guarantee of freedom of expression.

So what we have before us, is a situation where precisely that type of speech, which Franklin observed that the Constitution was most intended to protect, (that being unpopular speech) is the very type which the government and the culturally Marxist Left tell us, must not, and can not be permitted.

Inevitably, my raising of this issue, is met with the objection that surely I can not be advocating the free circulation of child pornography, or the defense of the terrorists, or the repression of homosexuals.  My response is that while I do not advocate any of these, the truth is that they are entirely irrelevant.  The only point to the existence of any of them, has been to create a scenario in which liberty not only no longer exists, but in which the population actually feel a sense of moral justification in ensuring the destruction of liberty.  As a strategy, it has been as ingenious, as it is insidious.

So the problem is not entirely with the government.  The problem, is that we have a scenario where the public have been deceived into actively seeking the abolition of liberty, ironically in the name of civil rights.  There is, of course, the other perpetual problem where the American public also worship their military to a far greater degree than is healthy for them, as well.

The interests of those who advocate federalism, usually center around unity and the ability to field large armies.  My own primary interest, on the other hand, is liberty; and liberty is not to be found in states with large populations.  If we are to choose between perceived stability, and freedom, then I will always encourage the latter; because if a people are free, they are generally able to devise solutions to problems of instability, which are more in their own, genuine best interests anyway, than when solutions are arbitrarily and externally imposed upon them, by a giant, centralised bureaucracy.

I must confess to a particular kind of arrogance where this subject is concerned; and if those Americans here, wonder why I, a foreigner, have invested so much of my time and passion into the subject of American politics, then this is your answer.  My own ideological profile, to a large degree at least, matches that of the authors of the Jeffersonian system; and it does so not merely intellectually, but emotionally as well.

This does not, however, mean that I consider the Republic perfect, or truly the last word in just government; it can still be improved, if only incrementally, and I think experience has shown us the ways in which that can occur.

Quote from: deuem on October 14, 2013, 02:28:31 AM
What human rights are you talking about, Voting?

The concept of human rights, as the United Nations refers to it, can actually be considered deceptive.  This is because a fundamental, and implicit assumption on the part of the U.N., is that whatever rights any individuals may have, require a centralised, global government to act as arbiter of them.

So it is not, in reality, a case where said rights exist beyond the ability of a government to declare or rescind them.  You already have a scenario in America, where police now routinely speak of scenarios where any Constitutional protections may be considered forfeit. 

Any centralised body which considers itself a herald or proclaimer of rights, is a body which also considers itself empowered to confiscate said rights whenever it pleases.  According to said definition, all rights in fact also are, are exceptions to what is otherwise considered unlimited power on the part of the governing body.  In other words, said rights represent the least amount of freedom that said governing body has decided that you are entitled to.

This is the fundamental reason why, despite the positive intentions of those concerned, any federalised state, and particularly a global state, can never be a recipe for anything other than tyranny.  Those who live in largely stateless places like the Congo or Somalia, where in practice there is virtually no law, if they are able to defend themselves physically, will experience an immeasurably greater degree of personal freedom, than will those who are forced against their will, to endure world federalism.

Petrus, You astound Me with the clarity of Your thought and the depth of Your understanding of things on this planet!

I agree with You all down the line.  I may be residing in this arbitrary area called "America," but I am a sovereign Individual on this planet Humanity calls "home."

Thank You!  GFY.

QuoteWe have a minumum wage in the UK too you know. :)  [agree, How much is it now?]

UK National minimum wage, hourly rates are:-

21 & over: £6.31 ($10.09)     

18 to 20:  £5.03 ($8.04)

Under 18:  £3.72 ($5.95)

Apprentice:  £2.68 ($4.29)

QuoteSo the problem is not entirely with the government.  The problem, is that we have a scenario where the public have been deceived into actively seeking the abolition of liberty, ironically in the name of civil rights. 

I'm not even sure whether the paradoxical nature of this situation is entirely by design.  Yes, it has been encouraged to cement the position of the elite, but I suspect it is also inevitable in any society where citizens look outside for their freedom to be protected.  To offer protection something or someone is perceived to need power over the the perceived threat to liberty.  Ultimately that always leads to some entity having power over the rest of whatever society it is.  Even in a tribal society this is still the case.

Anyone care to resolve the riddle?

Quote from: Pimander on October 18, 2013, 03:06:06 AM
Anyone care to resolve the riddle?

To offer protection something or someone is perceived to need power over the the perceived threat to liberty.  Ultimately that always leads to some entity having power over the rest of ...

the States, or Palestine or whomever. Good launching pad Pim.

Take for instance the Feds, over the States; really need no
expounding upon here on Peggy.

Or...for example the IMF, over the third world countries....with a promise
of funding for womens rights, etc in exchange for sovereignty.

Problem being, these countries were in no need of liberation,
they might have been sourcing seed for rice crop, cottom or
otherwise. They recieved instead an invasive contract for
help from the IMF if they would sign said contract.

No help at all as far as an actua; real productive exchange, the IMF
is a power grabbing monetary force, sent in via fiat money contract,
by way of a Fifth Column.

Many are familiar with "End the Fed" ....
it should be expanded to include "end the IMF and
The World Bank".

    " Many are familiar with "End the Fed" ....
      it should be expanded to include "end the IMF and
      The World Bank".

Precisely BTS.
The crawling wart that is the international monetary system.
It is the engine behind the hole  and the wars we find ourselves in.
Lending imaginary money as imaginary debt to cripple growth and adopt control, of the imaginary world it tells us exists.
Its a fuking plague and its winning.

You are both bang on about the monetary system.  So it needs changing.

So does anyone disagree with the basic starting point to a global solution is to change the economic system permanently?

I don't disagree it needs permanent change.

There are many now clamoring to go back on a gold standard, as if fiat currency is the problem - it is not.  Any token of accounting for meaningful energy expended will work:  shells, beads, electronic bits, whatever.  The BIG issue is interest.

ANY interest charged by the issuers of the money will create debt.  Period.  If the interest rate is .0000005% the amount of debt will rise slowly; if it is 500% it will climb much more quickly.

All "reverting" to metals-backed currency will do is transfer power to Those who have been hoarding gold/silver - and We KNOW there are Those on this planet doing so as We type.

They are surely counting on this.

So rather than give power into the hands of the gold/silver hoarders, the best solution is to eliminate a physical exchange requirement and allow the abundance of the planet to flow to all of Us unimpeded by a system of accounting for it.  This in turn will give "power" to Those with the best ideas for betterment...all the while eliminating physical (as opposed to mental) poverty, oppression, greed, wage/debt and outright slavery, and profiteering (war, prisons, pharma, chemical, medical, food, water, air, etc.).

All of these are emergent in a system of accounting for Our meaningful energy expended ("money").  And so...  I suggest We change that, since JUST NOW in the history We have, We have the tools We need to do that.  Never before have We had free energy, robotics, and the interweb.

Quote from: Amaterasu on October 18, 2013, 07:41:24 PM
ANY interest charged by the issuers of the money will create debt.  Period.

I haz a question on Debt...

It is said that the USA is in SERIOUS DEBT...

...yet the Pentagon cannot account for TRILLIONS annually, the Fed can lose 9 TRILLION in one year alone.

Does anyone really grasp what a TRILLION dollars is?

So my questions,,,

#1 WHO exactly are we in DEBT TO?
#2 WHO exactly will come and collect if we are in DEFAULT

('We" being the USA)

What do you see on this paper?

(http://theharperstudio.com/wp-content/themes/harperStudio/images/2010/03/dollar-bill-2.jpg)

Quote
#1 WHO exactly are we in DEBT TO?
#2 WHO exactly will come and collect if we are in DEFAULT
"This note is legal tender for all debts, publis and private"

#1,In debt to China, #2,They will come and take all your girls to balance out the one man baby problem. The funny money can be printed at any time to pay the debts off but the fed charges us interest to print it so we get further in debt.

At some point in time someone some where is going to make all of us pay for it. Entire cities will go on the open market along with natural reserves to pay this debt off. When that funny money no longer has any value they will ask for other things of value. Our way of life will stop.

Quote from: Pimander on October 18, 2013, 01:01:08 PM
You are both bang on about the monetary system.  So it needs changing.

So does anyone disagree with the basic starting point to a global solution is to change the economic system permanently?

My own idea for the economic system has been provisional, or hybrid post scarcity.  As in, post scarcity for those commodities that really can be reproduced to that degree, while continuing to use Capitalism or a similar system, to govern those commodities which are not yet reproducible, or are still scarce.  We would want to continue looking into ways of synthesising or reproducing said non-reproducible resources as quickly as possible, with the desired end goal being the retirement of Capitalism entirely, at least where possible.

As far as I'm concerned we already have the technology to begin to do this.  What we lack is the will, and the belief in many cases that it is possible.

We need to recognise that it is not, in fact, a moral virtue to deny people the things they need to survive, purely because of some entirely arbitrary judgement, about whether or not said people will engage in activity that we consider worthwhile, if they are not in a position where they will starve otherwise.

In other words, if food can be produced mechanically to the point where lack of supply becomes irrelevant, then I do not have the attitude that people should be denied food unless they work, purely because of the arbitrary fear that said people might simply "sit around and smoke marijuana all day," if they did not have to work to avoid starving.  If it does not truly harm the economy to feed them, then I advocate doing so; and if, as a consequence, they decide to sit around all day and get stoned, then that is entirely their own business.

I consider this fear of other people's supposed indolence, to be a ridiculous, and entirely pointless form of self-righteousness.  If someone else is what you consider slothful, but said laziness is of no negative consequence to you, then why do you, or why should you care?  Apart from anything else, again, the determination of laziness is almost always entirely arbitrary.

Quote from: zorgon on October 18, 2013, 11:17:27 PM
What do you see on this paper?

(http://theharperstudio.com/wp-content/themes/harperStudio/images/2010/03/dollar-bill-2.jpg)

I see the face of a genocidal maniac, who the American people have been brainwashed to regard as a scholar, and presumably a national hero. ;)

Anna Escobedo Cabral
U.S. Treasurer
Anna Escobedo Cabral was nominated on July 22, 2004, by President Bush to serve as Treasurer of the United States.  She was confirmed by the United States Senate on November 20, 2004.

The dollar bill is a 2003 A, why does it have her name on it?

Quote from: deuem on October 21, 2013, 12:18:17 PM
Anna Escobedo Cabral
U.S. Treasurer
Anna Escobedo Cabral was nominated on July 22, 2004, by President Bush to serve as Treasurer of the United States.  She was confirmed by the United States Senate on November 20, 2004.

The dollar bill is a 2003 A, why does it have her name on it?

Because bills are issued in "series."  She came on board in the middle (ish) of the 2003 series (which was printed for a number of years).

(http://emptysuit.files.wordpress.com/2012/02/139036573.jpg)

Quote from: deuem on October 19, 2013, 12:52:20 AM

#1,In debt to China,

Most likely :D, but from a capitalistic point of view, they seem to have their act together :D If they would just stop making shoddy goods they would already rule the wrold ;)

Quote#2,They will come and take all your girls to balance out the one man baby problem.

Well send me all thos unwanted Chines girls... I can find a use for them :P

QuoteThe funny money can be printed at any time to pay the debts off but the fed charges us interest to print it so we get further in debt.

Yes EXACTLY  Federal Reserve Note  So its not government money.  As far as I know the Fed had no army to enforce collection. :P

QuoteAt some point in time someone some where is going to make all of us pay for it. Entire cities will go on the open market along with natural reserves to pay this debt off. When that funny money no longer has any value they will ask for other things of value. Our way of life will stop.

Our way of life has already stopped... We have Homeland security, TSA checkpoints, most out of work and losing homes... etc etc. So who will buy these defaulted cities? As to other things of value, they already hid all the gold :P

Maybe I can yet sell my few ounces to some rich Chinaman :D

You want 'abundance'?

Take a SINGLE penny and double it for thirty days :D

Quote from: zorgon on October 21, 2013, 10:40:23 PM
(http://emptysuit.files.wordpress.com/2012/02/139036573.jpg)

Isn't that a comforting image, kids?  Doesn't it just warm your hearts?  Reminds me of another historical figure I remember, from a few years back.

(http://emptysuit.files.wordpress.com/2012/02/504842c.jpg)

I was even able to find another image of Obama's predecessor, in a similar pose.

(http://blog.tompappalardo.com/images-blog/nazi-bush2.jpg)

Of course, I'm sure these photos are just an entirely unrelated coincidence, in all three cases.  Please, pay them no mind.  Only a paranoid schizophrenic conspiracy theorist would dare to think that perhaps there is some sort of connection; and I would never dream of being one of those.

Hum, I must be part paranoid schizophrenic conspiracy theorist.
Have to think on this one but they sure do look alike.

Quote from: zorgon on October 18, 2013, 11:15:50 PM
#1 WHO exactly are we in DEBT TO?
#2 WHO exactly will come and collect if we are in DEFAULT

('We" being the USA)

I know someone who owed thousand and thousands.  That person decided not to pay.  Ten years later do you know what the consequences are?  He finds it tough to obtain credit.

Argentina decided to not pay some years ago I seem to remember.  Did someone come and arrest them?  I doubt it somehow.

Amy, I like the sound of an unaccounted for flow of abundance but I fear that resources are currently limited and therefore it can't happen yet.  I hope it can in the future.


The "NAZI" salute?  That is the sign of the Zelator.

QuoteIn the old Golden Dawn order, it was the name of the 1=10 Grade, where it was explained as meaning, "the 'Zealous Student' whose first duty was to blow the Athanor or fire which heated the Crucible of the alchemist." Within the A.'.A.'., the official commentary on the grade name is given in Liber 185: "Let him be mindful that the word Zelator is no idle term, but that a certain Zeal will be inflamed within him, why he knoweth not."

In the old Golden Dawn, "Zelator" was also the name of the first grade of its Second Order, Zelator Adeptus Minor

(http://realmagick.tripod.com/gradesigns.jpg)

SO perhaps these guys were saluting in a different manner.  It is a magickal gesture.

Quote from: Pimander on October 24, 2013, 04:42:44 PM
Amy, I like the sound of an unaccounted for flow of abundance but I fear that resources are currently limited and therefore it can't happen yet.  I hope it can in the future.

The resources that are needed to support Humanity (food, clothing, shelter, water, energy) are VASTLY abundant.  Sure there are some elements that may be scarce for some things, but given that We transmuted lead to gold in the 1970's (but did NOT make tons of it because when the cost of the energy was figured in it would have cost a million in 1970's dollars an ounce - with free energy, transmutation becomes doable), I figure We can create whatever elements We want to.

I do not see any issues We need to surmount to provide a quality standard of living for every Human on this planet.  (This planet could support at LEAST 10 times the number here now, and with the new agricultural methods, that may be as much as 100 times.)