By Kimberly & Foster Gamble
When I was in high school in the 1960s, I had this fabulous high school teacher who asked the students what period in history we wanted to study. We chose the Vietnam War because that was what was happening in our midst at that time. As a class, we invited in speakers from every possible perspective and we got magazines from every possible perspective. We looked at fascist, communist, socialist, left wing, right wing, I.F. Stone’s Weekly, Council on Foreign Relations/Foreign Affairs. We really would have a huge array of perspectives and then, as a class, we would discuss them. This experience opened up a world of learning to me and it especially opened up the world of tracking current events as they were unfolding, realizing that history is being made right now.
A big part of the motivation for ThriveTogether was to share that experience with our network, to help share the skills and the experience of tracking what’s going on right now in the world, whether it has to do with following the money or breakthrough technologies, or new solutions strategies, all kinds of alternative eco-communities around the world, education…any number of things. Everything is changing right now in really radical ways and we are tracking that and sharing what we’re learning with our network and learning from you.
That’s what’s happening and in our first ever live event this weekend we talked a little more about following the money and about some possible scenarios that we can imagine from our perspective. We don’t know what’s going to be happening, but we know that major global changes are going down right now, so I wanted to share some of them with you, our broader network, and to say if you can join the conversation through ThriveTogether, great! If you can’t, I highly encourage you to be tracking these things on your own because it’s really an amazing time in history and the ramifications are profound.
What’s going on right now? In 1944, after World War II, the Bretton Woods Agreement established the IMF and the World Bank and it was soon after that that the U.S. dollar was established as the sole currency for international trade. Now, for the first time since then, countries all around the world, growing numbers (every few days new countries are joining in on this) are trading not using the dollar. It includes Canada, New Zealand, Paksitan, Russia, China, Australia, India. Every day someone new is joining in on that. It’s very significant.
I think between Russia and China, nearly a trillion dollars worth of deals have been done just since this summer. It’s now November, 2014. China opened a $4.2 trillion stock market to the world also in this month. That’s going to have major ramifications on the U.S stock market. In Toronto, Canada, it was just announced there’s going to be the first off-shore hub for Chinese currency, the renminbi, of which the yuan is the basic unit. Also, there was a G-20 meeting this November 15th and 16th. I’m actually going to read the communiqué that was official that came out of there, just to get a feel that big things are happening right now and I do encourage you to be tracking it because it’s very significant.
“The implementation of the 2010 reforms remains our highest priority for the IMF and we urge the United States to ratify them. If this has not happened by year-end, we ask the IMF to build on its existing work and stand ready with options for next steps.”
So what does this mean? The 2010 reforms basically have to do with countries becoming Basel III compliant. Basel III compliance means that banks agree to have a higher percentage of reserves in the bank. The intention is supposedly to keep a crash like what happened in 2008 from having dire global consequences. It creates a little bit of a buffer between countries. That’s the idea and the United States has not agreed to be compliant with that. Now, the G-20 is organizing to say that we’re going to do something if the U.S. doesn’t agree.
The point is that the role of the United States in global affairs is changing. The role of the dollar is changing. I’m going to offer here five possible scenarios that could be unfolding with the information that we have. Like I said, we don’t know, but I really do encourage you to be tracking it. I am fortunate enough to have grandchildren, but whether you do or not, I think of it that one of these days some young person is going to come up and say, “What were you doing during these times?” So much is going on now in what could be considered the greatest fascist takeover of all times and I encourage you to do what you can so you can answer that question by saying, “I was awake and I was doing everything that I could do to help create a thriving world for you.”
So, tune in and take care to participate in these amazing, unprecedented times and here are some possible scenarios. Thanks. Read more…
Source: THRIVE TOGETHER