Kenneth Storey Explains the Transition in the World Financial and Banking System

a major thing and I don't know how much time I'm going to take to do this but I want to talk about the the new financial infrastructure that is facing the world and facing America in particular well it's going to really affect us more than will other people it will affect us negative negatively well it will affect other people positively and so we have to understand that and get ourselves positioned properly for that the money um start out by but it appears that we have a division between the East and the West and I'm going to draw a chart like that and in the we'll put over here this is the West this is the East in the world and in the West we have the Federal Reserve and along with that we have been eating well and etcetera you know that kind of stuff we're all kind of part of the same team in the east as the People's Bank of China that has been established the destroy its massive bank the people think of China is moving to international in the international finance end up in the West we have the International Monetary Fund and what what has been happening is people all over the world have found that the International Monetary Fund has been the piggy bank for the United States of the European countries and has not been international at all it hasn't been providing funds to South America or Asia or ever you know it's just the friends and family of US and Britain essentially and so what happened was that needed to be a full international system so what in order to bring pressure China created Asia investment international investment bank infrastructure is that infrastructure investment bank and they are set up to act just about life like the United States IMF does now if we look at if I can find my a no that's not it here we are this is this is a map of the founding members of the a III be that a China makes up the whole thing and essentially what happens is all the green nations are the ones that are in it and so this is an organization that's equivalent to the IMF and the people that were not in it our United States Greenland nations in Africa few nations here but most of the world is in it including England United Kingdom so you can see the leaves are all makeup of the AIO ad ad tough and all of these these other nations are members of IMF but the United States is not a member of the AI IV and so what they've done is they each to set up an organization to counter the IMF and then one over here we have we have the World Bank and it wasn't doing things for the world it was doing things for us and so we're here they created the BRICS Bank this is the BRICS Bank is a Brazil Russia India China South Africa and the BRICS BRICS nations are up now let's see you don't need to cover that right now so we have the BRICS Bank and so what they did was they created another equivalent we have switch which is the financial money transfer system for the world this transfers money all around the world and so the switch system is located in Belgium it has a belt in organizations and nations join it all the nations of the world have joined Swift because they want to have the ability to wire transfer money around the world to transfer between banks and etc well the United States created a situation where much of because we are the world's reserve currency much of the world with trade doing trading in US dollars and the United States says we want to approve every US dollar trade in the world so what happened is they set up the big computer centers in Washington DC and all of the Swift translations of transactions that happen in in Belgium are forwarded to all the dollar ones are forwarded to Washington DC and the United States government approves every dollar transaction so what happens is Russia China major nations are transferring funds around the world which they used US dollars to do much of that and so the United States government is watching everything that Russia is doing everything that China is doing and they're controlling whether or not they'll permit this money to go through they're giving a yes or no money so what happens that these nations decided they didn't like that so what they what China did was they created what's called 6e IPS which is China national payment system and they did this in in 2016 that's right that was my next point thank you so much anything my wife is understanding anything very well they uh and so what happens is we now have the Russians of payment system has joined and they now they know think these two together so and why did why did Russia have a decide to have a payment system because the United States threatens and keeps them out kicked them out of the Swift money transfer system we were holding this over their heads we will not allow you to transfer money between your own banks within your own nation so what's what Russia did is they now have six hundred of their top banks on an international trading system and these trading systems happen to be compatible with Swift so now Russia and China and all of the nations in their sphere are now going to all be able to transfer monies back and forth and do deals without US dollars and without us approval so that's that's what's what's happening then what happens is we have the Neo we have the London bullion market Association and plus New York and in that they fix they fix they took it they control the price of gold price of gold was set in London and New York by these individuals and the big bankers they actually set it and then they did whatever was necessary to keep the price where they wanted it and they would they would do naked short yes and we do all kinds of stuff in the market and control the price of gold so what is what is the Easter wasn't trying to do they put up the Shanghai Gold Exchange and where where the Shanghai gold exchange is been created in Shanghai just a couple years ago they now have futures contracts and now have all kinds of contracts they're putting together the system where where Shanghai is going to be in the area that controls the value of gold and what Shane is doing is they're trading in real gold they're not straining the paper gold or imaginary goals or synthetic balls away down the terminal running rooms they're trading in real gold you buy their goals you take that's it you know and and so what we we expect is how China has wanted gold price down for a long time because they're in the posture of accumulating gold and so suppressing the price of gold was fine with them now we're coming into a time where the price of gold will be better if it's higher for them and so we're watching they have put these put the system in in place where they have market makers and all this kind of stuff in the gold area so what we have is we have a system where it appears is the competing system against this system it appears and it definitely is because if they didn't do this we would never give up our power in this particular area so in the meantime what's happened is the IMF has created the SDR and they've actually taken the former head of the people think of China and he's now sits on as the number two man at the IMF so he sits he sits over there and so we have this situation going on but so and people try to play this up that this is a competitive competing system and this system is out to destroy this system that's way it's s I don't think that's the way it is and the reason is because up here at the top yeah the B is the Bank of International Settlements it is the bank that started the Fed and the IMF and they are the people who are actually is helping all of this stuff happen so the Bank of International Settlements is actually putting running this together they're breaking the Western powers of banking the power of the West where our dollar is oh is overvalued and it has been the primary reserve currency you're breaking the power of the dollar which is going to affect the United States of America is what we got going so we have we have peace these are the competing organizations and so what we expect to see is these organizations being utilized in the new world system and actually working together we're going to get into that as we go a little bit a little bit further they uh let me um I'm going to go to a series of different pieces of paper here interviews knowledge stuff that's coming out and we have an apparent plan what we have let's do this we're going to go over here we're going to take a look at this right here we're going to look at this this is the financial system in the United States of America since the founding started back here in 1770 and we've gone through different periods of time and we've gone through where we had a financial system backed by international gold domestic pay for domestic old domestic silver domestic paper domestic Silla where domestic paper international gold a modified which was a bulb back dollar than the gold back dollar stuff and we've been on the international paper dollar system right now and this has been for the United States and most of the world this is what so we've gone through a variety of different financial systems already and we're coming up right here to a decision and that is once it's good what's the new system going to look like because we have a brand new system coming what because the paper of fiat money system does not work it ends up in a crisis it's brought us to the crisis and the crisis is ready to happen here is New York a little history of world currencies down here in the bottom is Portugal this is down here and 1400s is it like no this is like 1540 right here here we have abstain they lasted with 110 years we have the Netherlands they have they lasted about 80 years as reserve currencies France was lattice tough lesson 20 195 years or we had the British Pound that that lasts 105 years or we have the United States dollar is going to last about 110 years and the last thing coming up is the new international currency as a reserve currency this is the SDR this is just kind of like the history of the world we're now transitioning from here to here that's the we're in that transition that's what we hear the transition that's when big things happen major major things occur at that particular time as we as we watch it yes how does Donald Trump planned all of this to chain you into it how does Donald Trump play into it well we are going to get to that okay we're going to get to that so what we have right now we use this this hand scratching before we've looked at this and stretching before this is what makes up the US dollar right now we have a domestic US dollar that we have in the United States of America this is our savings account checking accounts in actual cash we're talking about eleven point three eight eleven point eight trillion dollars here then in the rest of the world press the road much of the world has that they've had to buy oil using US dollars and so because that there's so much of money that's required to buy the oil for nations that they called out the petro dollar that is nations have to keep US dollars on hand just to be able to buy oil and then we have another thing called the euro dollar that is other nations other than the United States that choose to use the dollar as their currency or their released through the dollar that's called the euro dollar it doesn't have anything to do with the year euro Europe or the Europe it could be any nation anywhere but this is tough this is to refer to the euro dollar because they started out if nations started out in Europe using the dollar as their base the basis for doing business and so they're installed the euro dollar so what's happening with the the petro dollar is going to go away because federal dollars are petrol is now going to be purchased international purchases are going to be done in sdrs and the euro dollar is going to go away because that same thing is going to be so these two we don't need these things anymore so over here this equals about the same as what we have over here this is about twelve trillion dollars in the world under that and so they don't the world won't need that they'll be sending those down at home but they're going to replace it with STRs and STRs are composed of 40% US dollars so they're going to get rid of let's say they get rid of a hundred percent u.s. dollars they're going to come back with 43 percent or something you're right they're going to be required in the new SPR so there's a big amount of US dollars that are no longer needed in the US economy I mean in the world economy they're going to be coming back to the United States that what does that do that drives inflation it just goes straight up UN a.m. in the in that whole area so I want you to want you to see that and then what is an SDR we've covered this right now of at SVRs Special Drawing rights is composed of the euro the British Pound u.s. dollar on Japanese yen and we've been theorizing is this is the IMF going to use gold somehow or it is giant China can use gold amount we don't know really for sure but basically the Chinese in Chinese you want is going to make up about 11 percent of the ER so when you when you take a look at it this is the new international currency is made up of these five existing currencies this is this is a before and after look this is what it looked like before October there were four made up of four currencies this is what it's made looks like after October 2016 this is where the this is the US dollar and euro Japanese yen and the this is the Chinese yuan and this is the this is the British pound yeah this is a year old so basically this is what look this is what it looked like a few months ago this is what it looks like now and of course what happens as you can see Chinese yuan is down here 11% we're at 41% in the of the new SPR however everybody knows that China is close to or or maybe surpassing us under some markets so right now the SD art is not allocated properly as China is way underrepresented on here and the United States is over-represented on there and so you can look for that it's going to begin to change in the future that's going to be been to change in the future and so then up here is the here is the SDR fact sheet from the IMF the SCR is an international reserve asset created by IMF in 1969 to supplement its member countries official reserves as of March of 2016 200 4.1 billion scr's equivalent about two hundred eighty-five billion have been created and allocated to members STRs can be exchanged for freely unusable currencies the value of the SDR is based on basket of five major currencies u.s. dollar euro the Chinese renminbi the Japanese yen the pound sterling as of October 1st 2016 we won't read the rest of it what happens is if you notice that the Ukraine needed a bailout recently and we had two nations trying to compete to help bail out the Ukraine one nation with United States of America and the other nation was Russia they both offered to bail out Ukraine this was a couple years ago a year and a half ago something they have both offered the thing was they both offered the bailout Ukraine in strs Russia wasn't bailing the mountain rubles and United States wasn't bailing them out in u.s. dollars they both offered to bail them out in STRs so you've been getting to take a look at it and see what's up happening there here are here are the actual rates go to IMF and you can see these are the rates as of April the 21st that compose an SDR and this is what what one SDR equals one point three six three dollars right now that's how it's set up the SCRs worth is worth a little bit more than a u.s. dollar when it's set up so we're watching this this this structure this is the new financial structure this is the unit that is going to be used in international trade between nations unless they shion's will have the option of doing their own things apart from that but basically all the products all the insurance products all the the hedging products that you need to do international trade are all being set up now included using STRs so when we take a look at at this we have here from JC Cohen's of he writes this he thinks this is what he has seen in his research the ser compositions themselves will be based on both macro and micro weights and measures the macro breakdown of each country's currency composition will be as follows 25 percent production of commodities such as oil gas rice we iron etc will be will be a weighted factor for your currency national twenty-five percent will be important reserves and in precious metals and twenty five fifty percent will be in Fiat peg to increase or decrease based on the fluctuating values of the above two factors so basically in this scenario what we're seeing is a partially back of currency that is that based on formulas set up by the IMF on the value of your oil gas right sweet iron etc and also your foreign reserves and and precious metals now the United States of America does not have foreign reserves because we're the world reserve currency we just created it up there so we don't have to go out so what happens is a normal nation like we were in normal nation we would have to go out and and put together all kinds of foreign research we'd have to have you on and British pounds and etc so we do have some a few things but we don't have much like what other nations would have and so this is one thing that he's looking at in his researches he thinks about what he's done is he's gone to the he's gone to the financial sites themselves he goes to IMF the World Bank etcetera go so he researches these things at that particular time and and we see that this is what his conclusion is I have felt the China is actually wanting to do a gold-backed currency not kind of this this this way that they want to do a gold-backed currency I can see where you want to do this kind of thing for nations that don't make up the SDR for instance of some nation that's got oil reserves and they've got or whatever diamonds or something you want to include that as a value of the local currency but of Novation Cydonia cool so how would you do a gold you know go back currency for a nation as goal you know that kind of thing it's like well I can see where we could do a gold-backed currency or the nations that are involved in making up the SVR and I can see this for other currencies that are part of of different things so take a look at that that is up and so well what we see happening is precious metals and you see commodities production cost clutter so gas oil iron ore etc what what do you see you see Trump going out and trying to get mining going he's trying to get mining going so those assets in the ground count for for evaluation of the US dollar they're looking to do that so he is doing that he's going to he's going to love the gold vine in California he's got to love northern dynasties can do everything he can but because these are the elements that go into making up the value of your national currency what are your thoughts on to tone a to so has got going I think tombstone is going to go when Liberty star goes there one of the same they're a part of the same package and I think tombstone is going to go at the same time and there's going to be a day when because of this new structure as you're looking at this new structure your assets and your ground and your minds are one of the major factors that set the value of your currency and that is going to be a hot thing in the future so take a look at that the and let's go here this are this is a map that shows the currency pegs this is this is the United States is shown here in orange and that currencies that are packed of to the United States dollar or underneath is literally are shown in more of an a milder Orange company you know their labeling and then there's a flexible thigh is in the yellow ones two US dollars so you can see that that's the case then the eurozone you can see that some are types of the Euro like these African nations are tied to the euro some in some in there and then some nations are pegged your basket of currencies you know and so you see this happening down here in South Africa there pectoris a basket of currency but right now that's what is happening in the world of finance and how the the nations are pegged to the dollar but generally everybody is somehow a peg to or involved with the US dollar here is here is the if we take one hundred percent of all currencies out there this was up till nineteen through nineteen thirteen you can see the US dollar in was was this is about fifty sixty percent so you can see we're about sixty four percent or so of the world economy are using US dollars and here euro this is the case you can see the others are less this did not have the yuan included because this was only what was officially called reserve currencies you want has now been added in that phantom and increasing but you can see the point was to see how much US dollars are going to be involved here and what do you what happens with a collapsing Europe you can see because we're coming into a really dynamic period where there's going to be a major change in those areas we've seen that one let's take a look at this this is emerging markets that are coming out you'll see that United States is over here the the emerging markets currently comprising the 11 percent of global equity markets but the the bricks bricks are over here in wait you know we see other emerging markets you're getting a feel for the overall feel of the of the world financial system now I wanted to get to this which was what we call the great transition and this is a great transition to the new dollar to the new financial system in the world and this first way is over here in the transition we're going to have a liquidity crisis and we're beginning to see that what are they doing the Federal Reserve has stopped quantitative easing with the Delta actually talking about selling their quantitative ease all the bonds that they bought so in the first phase of the world those pros fear and everybody they have a liquidity crisis that will fear there's no quantitative no more quantitative Easy's Marcus be in the fall we have a sell off assets including gold because people are selling whatever they can when you run up in a liquidity crisis so whatever you have you end up with capital controls which we see many nations beginning to do we may have a new Treasury Reserve Note there'll be with a new note you'll have to turn in old currency because they've become inadequate after a while will be any good will have to balance a budget that issue evident and so we're talking about that right now Congress is talking about a balanced budget and then we said well we'll get a Keystone pipeline we'll be approved in exchange for the 2010 brief IMF 2010 reforms the 2010 forms have been accomplished in the Keystone pipeline has now been approved so we see these things happening that's that was like phase 1 this is our fear thing then we throw in new hope and the new hope is this that the IMF is going to combine new SDR liquidity they're going to start providing liquidity in the form of new money instead of the US dollar doing that it would be the SDR doing that and the other will be available in settlement of bad banks they have set it up where where we're going to bail out our banks if we're a part of them the end if the bank has of losing we're going to be able to take some of the money of their clients in the bank and use it just to settle and then they have to exchange and said to give us some cheers in the bank new world financial system is coming which we've just been talking about there's going to be a debt settlement through many nations that are so far that they'll never get out so they have to be in a settlement and a restructure and for many nations it will seem like a jubilee but they'll have to Heather they'll have their debt reduced and I'm cancelled it will be like a jubilee then we're going to come to a new phase of expansion with the new SDR liquidity we're going to stand start seeing super mega projects they're going to be the New Silk Road economic belt the 21st century maritime Silk Road of the mega commendatory project afro-asian South America Eastern Europe UN is going to ban hunger and poverty by 2030 they're going to xx programs to actually do that and then we have the g20 is going to start their global infrastructure initiative and because they're going to build for instance railroads and schools and medical centers all over Africa and etc all the stem stuff so when in the future during these timelines do you think that gold mining stocks will become more valuable you know they're going to become valuable right right in here they're going to start right at this point right here which is between phase 1 & 2 and which appears to be that same line between the Y is seven years of famine and the seven years of plenty because between those that seems to be the same line today today that day today we're on run that day April 22nd 2017 so thank you then you know let's take a look at take a look at this and and so one of the ways that they have they're going to do this is throw of honoring different historical bonds and different project gold deals that have been done in the past you've talked and I talked to you about how that there's much more gold in the world in the world than the world of Miss I think there's an excess of two million metric tons of gold well as the world says there's about one hundred and seventy seven thousand metric tons of gold you know essentially and so what we see is this here's this from JC Collins philosophy of metrics he says here's the apparent plan the in part one we introduced we were introduced in the 1913 Chinese goal reorganization long bonds a final payout of responses in these works this month part of the overall 2010 coated reforms process every time a deal was to be finalized with the bonds it corresponds to the debt ceiling debate and coated reforms within Congress so basically what you see is this he's summarizing it in just a sentence but let me expand on their little this is a Chinese government bond this is a you can see here on you we can see but this is the 1913 thumb that he's talking about this one is for 25 million pound sterling which been and in 1913 was equivalent to about 5 dollar a pound and this was a bond at that particular message in different languages this is in English over here on the left hand side and it says the Chinese government 5% reorganization goal bone of 1913 that is this is done in is pound sterling but it is in gold back go back palm sterling 1913 what happens the Chinese did not honor these bonds people around the world bought these bonds and one able to then let me just just go over here and just read this one paragraph from 1900 and 1940 of the Chinese government issued millions of dollars in sovereign debt most notably a large tranche of 25 million dollar pound notes issued at 5% in 1913 set to mature in 1960 this massive bond funded the modernization of China's infrastructure and is widely acquired at the time by governments banks and investors across the globe however in 1938 China defaulted on his but binding engage engagement upon the government of the Republic of China and his successors leaving millions of global creditors unfazed in accordance with the terms of the bond successor government doctrine and Accounting Standards the United States can and should hold China accountable to its obligations the Chinese bonds in question are held throughout the world by Treasuries banks company over 2,000 private US investors many of which are active in seeking remuneration critically the US Treasury and Department of Justice and States are understood to hold substantial portions of this Chinese foreign debt that's right the US Treasury and departments of justice and States have actually been out trying to acquire this from local the local u.s. innocence and they don't always use the most ethical certain ways of acquiring this these holdings have not been fully cataloged nor has the US government moved a whole China accountable for its debt obligations what we're doing is we're holding this debt over them which was the gold debt a China is eager to be recognized during the international trade and financial community as a market economy however in order to be regarded as a responsible and reliable participant in international commerce and finance China must acknowledge and rectifies multitude transgressions against the United States and the world trade over organization so what we're talking about here is China want is to be a part of the World Trade Organization but you you have to follow the rules the rules are you can't have my outstanding debts and frauds of things and all can just stuff that you've done you have to be settled all that everything has to be settled everything has to come together so what we're having now right now is going on is a massive restructuring of debt in the world and with the honoring of all fraudulent that every bond deal that any nation has ever put out and is not honored it's going to it is coming coming up and must be honored and must be gonna go she ate it and said it so we're in this grand settlement time that's been going on for the last 10 or 20 years they've been in this period for 10 years really strong trying to get all these factors settled because it's hard because governments keep changing us up keeps happening and governments are overthrown and who's responsible for the debt and all that so you could see the Chinese government bond there that's laws that we're talking about involved here is here's another one this is this is the 27th year goal bone of the Republic of China issued in 1938 in United State dollar bonds and in you this is for 50 million dollars and these are coupons and what you would do if you own this bond you would every year you would clip a coupon you see one of them has been clipped here we clip a coupon and you would submit it to this to the Chinese government and they would pay you your interest each year you would clip a coupon submitted they would continue with your interest on them so that's what they look at what happened that they did not honor well a light into him well there's a several different reasons one is a chiang kai-shek was at war with Mao Zedong in China and eventually Chiang kai-shek took much of Chinese gold and mekt – if I want we called it for most at the time they took the gold from China women and he went to wonder well what happened was that was the goal that was going to be used to pay these loans he peplum so then what happens we had we had Japan come in and take over major portions of China and they and then when they did that they raped all the gold that they could find in China and other areas Indonesia and they took in stash now that gold that they could find from from China in Indonesia in parts of Thailand Malaysia Singapore other areas the gold was couldn't taken and hidden in in caves and bunkers in the Philippines and in Indonesia so now of the goal that was going to be used by China to service these bonds which they are attention was to Services honks and been confiscated was buried there well over the years some of that gold was found in the Philippines and that's one of the guys that ended up with his hands on it with Marcos of the Philippines and he can gain the wealthiest dye in the world and he took and he stashed a bunch of that gold in in a mountain behind his home he had a home in something the mountains which was during the summer he would go there because of the temperatures was so much nicer and there's a mountain he'll hollowed it out and made a great big bowl and he stashed his gold other he found in these different areas that Japanese had buried it and he stashed it there and then when Ronald Reagan was in office the United States military came in and kidnapped the Marcoses I brought them to Hawaii and put them on trial you remember a show trial and the market says and has needs the same time United States government well if you say the United States government I don't know which part of the government is the baked area whether it's the CIA whether its I know what some thought some aspect of the US government captured all that gold and brought it to the United States of America we think that gold was most likely stored in the basement of the twin towers that was the gold so basically what you had was now China oh all this money in gold on these bonds over these years with all the family's interests and all the stuff that goes on off of it and the gold that they were going to pay for it is actually in New York and in Twin Towers in New York City and we have control so this is the game that's being played this is it this is what you call what do they call it the ultimate game this is the game that's played behind the scenes the big boys play these games in and nobody really knows what's going newspapers don't report on except in very vague plans so basically what's up like Casey Collins is pointing out here is this he says in part one we were introduced to the 1913 Chinese goal reorganization loan bonds a final payment on responses and be in the works which is going on right now they're done pay off these sponsor Duff honor these bonds of these Chinese art and that's a part of the 2010 code of reform what does that mean the 2010 code of reforms why would you that negotiate the sustain I think what the 2010 IMF quota reforms was this the code of reforms of brought in China to the IMF it it puts the the People's Bank of China director on the board of the IMF as a vice-chairman and the IMF complete increase their quotas they doubled the of the monies that the nations had to put in that is an SDR is created by all these few nations putting in money United States puts in US dollars and Britain puts in pounds and whatever all they put in all this money and then they create STRs out of them but what they did was they they doubled the amount of the that every every nation had to put in and China was required to put in and money as well and so they put in extra so what they did was they this reorganization gave China a seat at the plate example of the IMF it's not about quota reforms they talked about IMF quota reform first as medians the quota is nothing if China has as its teeth in the IMF and have some controlling power and major influence in any matter that's what they did as a part of that and then he makes this see if this thing this deal to do this reconciliation has been going on for years and it looks like it's going to happen and then it falls apart every time it looks like it's going to happen is again the u.s. is having a debt crisis the budget ceiling debt crisis every time and so I believe that this debt ceiling crisis we said it's just on purpose or not I think it's absolutely on purpose I think we are not going to see things work out I think eventually we're going to see crisis in this situation and it's all a part of international jocking for to get some negotiation because what the nations are negotiating and signing off on the final things on this right now on this reef of reestablishment of debt of the is important to know that China by China honoring the 1913 bonds will be able to access their full gold reserves including the portion that was used to support the 1913 bonds what he's infer into is this the China said that Chiang kai-shek took all the gold therefore we can't honor these funds but in reality they had gold there on hand where they could have but it would have really strained them to honor these bonds so they hid the gold but they actually had on hand and so they did not have to honor these bonds because if they if they were found in default they were going to have to then be kicked out of any kind of international trade it wouldn't be able to how you're going to sell all your goods from China is you can't be International trade you know you're an exporting country so what we found was and the first thing we put discovered is when Hong Kong was controlled by the British and the tiny latitude back Britain said in order to get Hong Kong back you must honor the 1913 gold bonds so what they did for all British individuals or banks they honored the 1913 bonds and they take 10% of their face value to the people in that seven some flips and most lot mostly these bonds were not then controlled by by Britain this was all kept under the table nobody you know this was in small print in the in the negotiations but we know that with that that these 1913 bonds would eventually be honored for all nations because they have now we're honored for the Brit Britain in there well he says with that being said the bonds will not be a hundred at their full face value so I don't know I think it's about ten percent and maybe more for in some cases the problem of with it you can't honor them in full face value life because they're worth so much today it would completely distort the whole financial system I mean it would just be people would be gaining hundreds of trillions of dollars you know because of all the time and penalties and interests and stuff on these bonds like any debt consolidation all sovereign debt must be included the owners of the Chinese bonds will get their payoffs the payout itself is based on a flat amount already sets with a historical bonds that is there might be lots of bonds out there but more or less people might be a it might be included in the moms but it doesn't suck it doesn't change the payoffs the payoff is the same that's been pre-negotiated they've negotiated and so the amount of that is specifically valued within the richmond mindy SDR composition the more bondholders have come forward forward will decrease the individual payout for each bond holder that's basically it so they are numb and so this of n of this approval of the IMF 2010 reforms was a hot button because congress had to approve it and if you voted to approve it you were bullied for the destruction of the US dollar e is essentially what it was so nobody they fussed over this for years and nobody wanted to do it so what they did was they put it in the budget bill in small print in 2015 in small print and people just voted for the budget and by that by doing so we voted to release the dollar from us world reserve currency status and the demand for the dollar is going to fall dramatically because of that and so we're just entering that period applying right now and since most countries have suffered that an outstanding historical bond it stands to reason that other situations like the Chinese bonds will be handled in similar fashion yes there's lots of different nations of death model can have fraudulent bonds things I haven't fully honored etc they are going to be happen Japan has what's called the 57s they're going to be honored and all that but so you know another pattern emerges as we study the history of reserve currencies is that with each reserve currency the centralization has become tighter and tighter the control of money that is through increased centralization the countries of the world that sunk deeper in the sovereign debts from which even more centralized centralization will be offered as the solution make no mistake about the power the United States has experienced since 1944 and the Bretton Woods Agreement has come from the 3 vert reserve status of the u.s. dollar after reforms are passed and the Executive Board to restructure the US will become a regular country like every other country in the world and that's exactly where we're headed he says here from the moment the reforms are implemented the dollar will see multiple devaluation staged to coincide with multistage restructuring of the debt the solve is the big thing in the world that has to be done in steps and each step has to kind of be resolved as it happens it is important to mention that with the passage of the reforms the world will not see an overnight immediate response the new system will take time to fully integrate the global currency reset will happen in levels as currencies are allowed to free float within the parameters as set forth by the SDR composition of each country and of the Basel 3 regulations which are controlling a lot of this from the Bank of International Settlements also says be fully implemented by 2018 so this is all that is set you know in the in the marketplace with the full immolated implementation of these reforms we will see all the currencies the world that are now attached to the value of the US dollar shift to a more balanced system of of wait now values be pegged to the value of the SDR and as issued by the International Monetary Fund so we see that's the kind of the general claim to know when this is going to be happening we have what we call signs of the times and I've got let's put this up on the board because these are important there are several major sign or few major sizes put that way the first is going to be the Fed is going to taper quantitative easing so what have we done they've already doing that they're not buying in the marketplace they're already quant a tapering quantitative easing the next thing that's going to happen is we're going to say – we're going to say the IMF is going to provide SDR if you want to take it easy QB equities are going to provide liquidity they're going to do quantitative easing so we see this one's happening already we're seeing this one starting to number three what you're going to see is US bases are withdrawn around the world why the only way we can afford US bases all around the world these 135 major bases we have around the world all these different nations is because we can create currency out of for nothing of nothing and spend it in the local economy for our bases for our soldiers and for supplies etc and then those dollars don't come back to the United States because the local economy needs to do business as a reserve currency so what happens is watch for in the budget negotiations and all the stuff coming up if you hear closing the US bases know that all these things are only happened that is all a part of the grand restructuring in the world the new financial restructuring and it means the collapse of the US dollar by major portions and as the US dollars we have created around the world begin to come home so watch for those those three signs those are literally happening right now and where we will see it is when we when you take a look at federal holders of federal damina foreign holders of federal debt when we look at we look at that report every once in a while to see how it's doing we will notice that holders of federal US debt will begin to decline the debt will begin to decline and we will see that see that happening as he says here expect more of the same as the system shifts further away from the dollar and culture to the NCR composition America can never openly admit that they they killed the dollar you will have to be hidden within a serious advance of mint which create a form of possible deniability that's exactly what the government is done exactly what Congress has done they are killing the dollar and of course what is that you would I have a prosperous because the dollars been unfairly you know increased in value I mean that's it reinvented recipients of the of the value now where to get a little bit of the negative side of that so what do we do inflationary we know gold and silver is going in US dollars is going to go up tremendously the commodities that we saw the grains are going to go up and credit all these things inflation is going to go up property values are going to go up and eventually the job salaries will eventually go up as well let's take a look at there's another thing and I'll just cover this verbally the other other thing is this over the years there's another classification of gold and this is this is called the global debt facility after World War two beings very all these people that have these massive riches from gold from Asia which etihad hundreds of thousands of metric tons of gold in different quanta here's us if not guarded 99999 it's just a stuff that has been created over hundreds of years I offered this gold up to bail out the world after world war two and they created what was called the global debt facility alcohol and collateral this with the collateral or the debt facility they provided I don't know was at eighty six thousand metric tons of gold to bail out the nations of the world refinance after World War Two and etc they put forth their gold and they were issued deposit receipts and they all similar to these bonds that we have here for their gold but then the banks decided they were going to heat hold onto the gold from themselves and they didn't apply to the nations and all the national debt and they get to use it to rebuild them the nations they just kept the money and so this this gold which was the bailout the nations of the world and actually zero out the death of all kinds of nations in the world which was had been offered as been hijacked and controlled by several nature banks that goal is now coming forth it is going to be a part of the restructuring that gold is now coming forth they're drawing they're dragging it back from the banks here's what the banks did they sign an agreement with the parties the broth of the gold and deposited this gold and sometimes a deposit 20,000 times in a bank 10,000 times etc a metric tons of gold in a bank and the bank would issue them documents say what what had been done and making it an equesticle well and they would have a document for the person they have a document for the bank now in each document they created spelling errors misspelled words all kinds of stuff and in each document and the parties were told at the time that this was a special code that was put in the in the in the documents so that the documents would wouldn't be forged or because and they have a tentacle key there so what happened was the people came back later and said look you guys haven't paid us we haven't been getting of interest on what we've given and you haven't used the gold for the purposes that you said that we were going to use it for and word won't be wanted money and they said well show us what we've got they showed them their of their document they said look you have all these spelling errors in the new document this absolutely has been this has been forged by a very ignorant Filipino or an Indonesian person it doesn't understand English and and therefore they said we cannot verify that you are the owner the goal and so because they couldn't verifies it for the day was owner the banks like got to keep to do whatever they want so it uses collateral for loans and they use they use it any way they wanted they leased it out to others they did all kinds of stuff with this gold so basically what's happening is the banks are being called on this that are involved city banks and HSBC all the big banks are all involved in this Wells Fargo they're all big banks are involved in this situation so the there being cold on this is this goal is being cost up and being a part of the new reconciliation Jubilee bailout of nations so what this new thing is they're going to putting all the debts together and they're putting all these assets together and they're going to try and cancel things out and set it up at that particular time of so that is that's what I have on that and so that is happening now and we won't go through all this other stuff this is Ken's story I'd like to take a minute or two to tell you about what our business and ministry is investing with insight what you are looking at is our our website on 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