The bombshell was dropped by J.C. Collins on June 17 when his article unveiled the probable course of future action that will be taken by the international bankers to establish a one-world currency. This is not a joke.
Please re-read the first sentence over and over until it sinks in.
This new claim by Collins puts a lot of things into a different perspective. Now we know why the SDR basket of currencies has to be concocted before the transition to a global currency. It all takes place in timed stages, but as Collins pointed out, the whole concept was born out of the Bretton-Woods conference in 1944. I will spare you all the technical details he discussed as to the mechanics of how this will be structured, only to point out the timing–it is expected to begin around 2023.
What is significant about this date is that it is also the projected time that the 4th Turning Crisis will be resolved and the new 1st Turning begins. If Collins is correct about the global currency and its timing, it could have a tremendous impact on the Crisis Climax of the 4th Turning. Many followers of the Turning theory expect the end will be quite catastrophic because many previous 4th Turnings evolved into historic conflicts.
Perhaps with the world on the cusp of a new era of multilateral cooperation–which it would take to impose a single currency–everyone will avoid geopolitical strife because we would all then be considered one big economic family. At least that is an optimistic conjecture at this point. The only problem we foresee is that the warmongering individuals among us might forget that there is a law of unintended consequences while remaining ignorant of Murphy’s Law.
You can’t put anything past misguided and unenlightened individuals who have not learned how to play nice with others or even coexist in a sane world. However, a couple of potential crisis events have been mostly resolved but not yet completed. The first is the concluding of the Iran Nuclear deal and the second in the bailout of Greece. Many thought neither would happen. But it’s a step in the right direction.
A BIG DEAL? The media is whooping it up over the fact that existing home sales hit a five-year high of 5.35 million units in May. Everything seems to be compared to either the peak in the housing bubble or the trough. They lament the fact that sales are way down from the peak in 2005 and up significantly from 2010. But let’s look at the good old days before the bubble started getting air blown into it. If we look at June of 1999, sales were 5.43 million units–still higher than today.
THE ECONOMY barely treads water as evidenced by weak data for GDP, durable goods and retail sales. The CPI rose 0.4 percent in May, while housing starts came in at 1.036 million. Durable goods fell 1.8 percent in May thanks to aircraft. Retail sales posted a disappointing 0.3 percent decline. QTR1 GDP was revised down to minus 0.2 percent. Finally, the June unemployment rate slipped to 5.3 percent as 223,000 new jobs were created.
Philip Hamilton
FHA/DE/SAR/FNMA/USDA: Sr. Underwriter – Northwest Team
Underwriter | American Pacific Mortgage Corporation | 541.480.7580
E-mail: Philip.hamilton@apmortgage.com
