From the Notebook posts are expansions of ideas first published for my Patrons. This one was published on June 11th.
French President Emmanuel Macron, whose poll numbers are abysmal and needs a sincere shot in the arm, just gave away the plot with his outside voice. I’ve noticed this trend within The Davos Crowd in recent months, speaking with their outside voice what they only ever talk about internally.
That plot, by the way, is to transfer power over the global money supply to the International Monetary Fund (IMF) by eventually doing away with individual central banks.
To that end Macron’s latest proposal is to bailout Africa because COVID by coordinating $100 billion in gold sales of national reserves of the G-7. Who would they sell that gold to? The IMF. That money can then be distributed by the IMF, expanding the supply of SDRs — Special Drawing Rights — using the gold as collateral for the development loans.
He’s talking about $100 billion here. That’s around 1600 tonnes of gold at current prices. 32150.7 ounces/tonne x $1900 per ounce. $0.06109 billion per tonne. 1610 tonnes of gold.
Now, interestingly, a reader on Twitter put a lot of pieces together with this, saying, in effect that this is the humanitarian cover story for the upcoming liquidation of Italy.
Having spoken with the Mittdolcino.com, an Italian blog with a similar mission, it is well understood within Italian circles that his liquidation of Italy is well underway and Mario Draghi was put in power to effect this.
Italy, officially, has 2450 tonnes of gold, give or take. Macron can ask them to pony up because they owe at least that much to the ECB and Germany through TARGET2. Draghi has already made it explicit that there will be no Italeave without paying that debt. He said this as ECB President. With Christine Lagarde in power that requirement is still there. Now that he’s Prime Minister, Italeave is off the table. Worse, he can effect this transfer once there is political cover for it.
I don’t think this plan has legs just yet, but it is another sign that they have to accelerate their plans because of the rising opposition to the basic framework of Davos’ agenda.
So, Macron speaking on the eve of the G-7 conference to spill the plot is telling of just how bad his electoral prospects are in France, because he needs to improve his image and this is the best he can come up with? Sell some of France’s gold to the IMF to pay for a new colonization program in Africa?
No wonder he got slapped last week.
That said, since this plan is now out in the open what are the implications:
- It gives political cover for stealing Italy’s gold, humanitarian giving from the virtuous first world.
- It puts the IMF at the center of the post-COVID bailout strategy, neatly avoiding the EU’s naked aggression against its own members.
- It rolls the current western gold reserves into one institution rather than a bunch of disparate ones.
- Gives the IMF even more ammunition to combat China and Russia’s rampant accumulation of gold and set it up as the future for a world government enforced by the UN
- It tells everyone that Europe is losing ground to China and Russia in Africa for the future of rare earths and lithium necessary to pull off their Green Revolution.
- It puts the world on notice that the EU now feels confident of its ability to recolonize the third world because of the primacy of its central unelected authority.
- This fits right in with the global minimum corp. tax agreement… because once they all agree on this there will have to be an enforcement agency… that agency will be handed to the UN and collected through the IMF.
- It paves the way for national CBDC’s unmoored from gold but backed by a basket of “gold-backed SDR’s” and tax policy.
- It’s also a frontal assault on Bitcoin and cryptocurrencies which are gaining traction very quickly in African countries most vulnerable to dollar supply and demand shock, now that Lightning Network has proven to be functional.
- It puts paid that the changes to Basel III’s Stable Funding Ratios are there to increase the price of gold, by removing the Fed’s ability to keep it under wraps through the futures markets and unallocated paper gold.
Macron will not be allowed to leave office next year unless something dramatic happens against Davos’ wishes in France, i.e. some form of violent uprising rather than just protests. There is no doubt in my mind that there will be a number of attempts to prop him up to get him across the finish line, Marine Le Pen will get closer but she won’t be allowed to win.
They stopped Trump, they’ll stop Le Pen. It may be the last time they do such a thing and they may burn what political capital and cover they have left in the process, but don’t bet on them NOT DOING IT. At this point no price is too high to pay. They’ve garnered this political capital exactly for this reason, they will spend it.
What comes next is what my friend at The Duran, Alex Mercouris, talked about in my recent chat with him. The Biden / Putin summit will be a bribe and a threat from Biden to Putin. Get on board with this new post-COVID European Marshall Plan to recolonize Africa and we’ll pay you a few hundred million dollars or face a new round of massive sanctions.
This is supposed to create the new version of the Sino-Soviet split? The Russians bring in a few hundred million a month from the U.S. now, exporting 1.4 million barrels per day in May. The idea is laughable on its face and further advances my thesis that the U.S. is intentionally destroying relations with Russia and China through diplomatic ‘gaffes’ which preclude any rapprochement.
The goal is ultimately isolation of the U.S. as a world power diplomatically, while doing exactly what Davos wants to ensure they aren’t blamed for what comes next. So, expect a final break with the U.S. by Russia financially in the post-Summit environment.
This will not be a mistake, it will be part of the plan. Because, again, the goal is the political, economic and cultural dissolution of the U.S. and that only occurs by disrupting as much of the infrastructure of U.S. internal energy market as possible.
At the same time I’ve noted that the Fed was completely silent about this new plan of Macron’s while it’s also clear that Fed Chair Jerome Powell is not down with the ECB’s Christine Lagarde’s over-the-top push to coordinate central bank policy to fight climate change.
That public disagreement on the fulcrum issue for Davos was the most important headline from last week. It signals that whatever Davos has planned for the U.S. the Fed and the banking system is not going to go gently into that dark night.
So, there’s another crack in the Davos agenda. Another front in this war is opening up and it’s going to intensify rom here. Powell is not a globalist in the same way that Lagarde, Draghi, Kuroda, Carney and Gordon Brown are. He’s a private equity guy with a far different ethos and understanding of the situation. He represents similar, but not the same, people.
And he’s not going to sell or revalue one ounce of the U.S.’s gold nor give up the commercial banking sector in the U.S. because the word came down from Klaus Schwab.
That said, the central banks know they are done with the current system and need a new one. To survive they will have to disconnect money from value and work. By doing that they disconnect you from your own value in the work you do. It’s that simple. The most efficient way to do that is sell the gold and isolate those powers unwilling to go along with their plans.
And this all ties directly back to Macron’s innocent and innocuous sounding request for the world to come together and help out poor Africa recover post-COVID and sell their country’s only tangible measure of savings left backing their rapidly devaluing currencies, their gold.
Join my Patreon if you don’t like selling your gold to globalists
I totally agree w/your points about Powell, however I’m sure most of the other 12 FOMC members are all about fighting Climate Change. Also, isn’t Powell almost certainly a goner next yr? Really can’t see O’Biden giving Powell another term, what w/so many Fed feminists running about the FOMC, beta-Biden is sure to nominate one.
I read a great quote yesterday: there are no Democracies or Dictatorships-only Governments. Wish I had read that 1 a few decades ago!
“have to disconnect money from value and work. ” If I recall my history, Lenin and Soviets attempted this and it failed horribly, internally and externally. (no one wanted to barter) So I don’t see why they think and are trying something that failed so horribly.
The problem will be getting everyone on board with this and that’s the crux of the problem. The IMF will be used ? Where does the Russian/Chinese lending bank fit ? I don’t think the West has enough goodies to give out to get everyone aboard. The UN is like herding cats.
Your points 4 and 5 are spot on. These people are about wealth. The problem isn’t just Africa. While the West has for the most part ignored Africa, they’ve also ignored South America and Central America just as much. The Chinese especially are making inroads as are the Russians. Basically, they want everyone to get on the Communist bandwagon, but it’s being driven by Berlin/Brussels. As you rightly point out that’s not sitting well with the Yanks. Why ? They think they are in charge and frankly, they still are where the western world is no matter how much the EU objects or thinks otherwise. The EU is far closer to ruin then the US.
This whole project revolves on getting everyone on board, and the more they push and the faster they push the more people start to resist. They can barely convince their own members to get on board, the rest of the world, with China, Russia, Iran ( yes Iran, they are fully on board, anything to get at the US ) starting to present an alternative path, as my father use to say ” Fat Chance !”
Also I find it interesting that Russia is shipping 1.4 million barrels of oil. I recall Russia was receiving 1 million barrels a month for propping up Iran. Hmm convenient ? The bottom line is the Davos crowd doesn’t have the wealth to spread out among enough elites and guarantee it’s success. I don’t think they can do it within the EU.
Just like Africa, Russia and China are way ahead in their projects and preparation then the EU and Davos crowd. I don’t think it’s a game of chess so much anymore then a game of snooker. Things have fallen just so that the US/EU don’t have anywhere to turn. That concerns me.
Aren’t the Chinese and the Russians just as beholden to the central banking schemes as any in the West?
We assume not, but only because they appear in opposition.
Punch and Judy were always at each other’s throats, but in the end they were both just puppets.
“I have no doubt that when we see the ranks of the globalist enemy, there will be Russian faces standing right alongside Western oligarchs. Maybe then people will finally admit that the East/West crisis was a carefully crafted hoax all along.”
Tom – do you see this IMF ascendancy as part of a general global governance effort, with MMT and UBI being used to make us all dependent on “government money” forever (using Cloward-Piven to break the old system and then a crisis event to manufacture our consent for our own enslavement)?
If so, do you think that Diem is planned as their global CBDC or will the IMF/BIS issue their own? And what crisis event/catalyst does the best job of getting us to beg for this?
I do Ivor. And I’m not sure yet about where Diem slots into this plan. It’s one possible outcome.
If the US interests that “supposedly” control the IMF (voting right majority) want to “kill the dollar” then GATA’s point is moot. Besides, it’s obvious that the USG is as anti-American as the CCP (if not more so). But do you really think Powell has any power over Fed policy? You seem to be contradicting yourself there Tom.
I think the Davos agenda is playing out here, and what really puts a monkey wrench in the deal is the mountain of gold Russia and China have amassed to back their currencies. It was always said that when the dollar fails all national currencies will go with it, but that assumes that the international monetary and financial system is “dollar systemic”.
Not any more. There are parallel systems to SWIFT, as well as the IMF/World Bank system. And blockchain is available and working with CBDC’s.
I don’t see much here besides the defeat of US imperialism for sure, and that may be Davos undoing. Without the US, western corporatism cannot defeat the China / Russia / Iran currency bloc and its 30,000 tons of gold. They can save the G20 from the SDR weapon with the weapon of gold.
I think this version may well play out.
Macron can have my country’s (Canada) gold reserves…oh, wait…never mind.
At the BIG bank I worked at years ago, I remember sleeping thru a presentation by McKinsey Global Institute about how big cities were the future. Build a giant new building in metropolis McKinsey advised. It is inevitable they said.
San Fransisco (home of McKinsey Global) is now covered in human feces, needles, homelessness, and crime. L.A. has a little less feces but a lot more needles. Atlanta and Chicago are now shooting galleries occasionally spiced with municipal fraud. Balitimore and Detroit literally cannot afford to keep street lights on, though it may not matter since most of the bulbs have been shot out. Cities all over the USA have employees retiring after 20yrs of goofing off, only to collect pensions that taxpayers don’t get.
McKinsey and Davos are not the same organizations of course, but there is huge overlap.
Paris no longer pretends to care what the rest of France thinks. London has become a police state. Berlin and Frankfurt are full of “no go” zones where polizi are afraid to enforce German law. Italians have always viewed their onerous taxes as entirely optional. Those are the so-called anchor countries of the failed EU project, which is run by persons who are elected by no one in Europe — they are political appointees issuing diktats.
Davos dummies have all sorts of Napoleonic plans to take over and dominate the world. Davos dummies write all the laws in the EU, but look at how things actually work on the ground.
The EU, G7, Davos, NATO… its the exact same clique vogue-ing for the press under different names. These supposedly “separate” groups even coordinate meeting dates so the clique members don’t have to make multiple trips. Are any of these organizations still relevant, except on paper?
One question: the Banca d’Italia owns the gold, and it is in turn owned by the Italian state and a group of Italian financial institutions. Half of it is under the bank in Rome and most of the rest is in the Federal Reserve bank of New York under unaudited custodianship. Who would have to sign off on it’s release?
Draghi. If I understand things correctly. And the Italian political establishment are all in on the grift.
Makes sense. He’s got M5S, the League, Forzia and Berlusconi “putting aside political affiliations for the salvation of the country”(from Covid). For the moment. Seems like a MIT PhD central banker with years at Goldman and Italian heritage was hired to do a job, and everybody’s going to play nice, presumably till the job is done. As seen from Milan and Bologna, that is, Brussels has a bigger and better idea, and Draghi is their bitch. Extracting the national wealth under any justification immobilizes Italy, even if their existing debt is repudiated. Italian Governments historically have had the duration of smoke detector batteries. Unlikely that the national character has changed that much. Draghi is still saving the Euro, and doesn’t intend to allow his homeland to trash his legacy. No legs to macron’s plan, as you noted, his counter-populist presence is important as long as Mme. LePen is viable, his lame persona tolerated as the present cost of doing business. France is still a powderkeg in the smoking area, and French banks are on the hook for Italian sovereign debt default insurance, reinsured by German banks. None of these can afford to let Italy or any other recalcitrant nation-member remain solvent independently of the ECB. It’s called “mad money”, (to get a girl home from a bad date). Can’t leave if you’re broke. Just my thoughts, European politics used to be easier to understand when Davos was just a swiss ski resort that I couldn’t afford.
AFRICAN DICTATORS ARE WAITING FOR ALL THAT MONEY TO ORDER FOR LUXURY CARS ;))
You must log in to post a comment.