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Operation Disclosure GCR/RV Intel Alert for November 23, 2017

Operation Disclosure https://operationdisclosure.blogspot.com/ RV/INTELLIGENCE ALERT - November 23, 2017 HAPPY THANKSGIVING! IT IS...

Tuesday, April 25, 2017

Jester's Place Chat w/ Jester 4-23-17

Jester's Place

[JESTER] HI AND HAPPY SUNDAY EVERYONE...

[coltsdad62] JESTER We really liked your Facebook post!

[JESTER] coltsdad62 NICE TO HAVE SOME VALIDATION FINALLY...

[JESTER] THAT SUBSTITUTION FUND IS THE BIG SECRET IN MY OPINION... NO OTHER REASON FOR IT TO EXIST...

[Pollyp] Jester, what does "a really big crisis" that "will scare everybody enough that we will accept what they are doing" look like in your opinion?

[JESTER] Pollyp STOCK OR BOND ISSUE OF SOME KIND... MAYBE A BANK GOING DOWN... SOMETHING LIKE THAT... A 2008 SCENARIO OF SOME SORT...

[JESTER] SAUDI PULLING THE PETRODOLLAR MIGHT DO IT...

[caro] Jester Do you think we will actually hear something about the substitution fund or SDRs substituting the dollar?

[JESTER] caro YOU ALREADY DID... WE'VE TALKED ABOUT THAT FOR SOME TIME.. HOPEFULLY YOU REMEMBER THAT WE EARLIER PREDICTED THE SUBSTITUTION FUND WOULD BE THE VEHICLE WHEREBY THE NATIONS WITH US DEBT WOULD TRADE SAID DEBT FOR SDR'S...

[JESTER] THAT WILL REPATRIATE THE DEBT AND MOVE THE SDR BALANCE AWAY FROM THE US AND SHARE IT AROUND TO BALANCE THINGS OUT MORE FAIRLY...

[caro] Jester I know we did here, but nobody else out there is mentioning any of it. Don't have a clue what is happening.

[JESTER] caro NO ONE IS LOOKING LIKE WE ARE I WOULD SAY...

[JESTER] I GUESS WE SHOULD PUT THE POST IN HERE FOR REFERENCE SO THE PEEPS THAT DON'T GO TO THE FB PAGE WILL KNOW WHAT WE ARE TALKING ABOUT...

https://youtu.be/Xh2LwB1VNxQ?t=1

https://www.bing.com/videos/search?q=Lynette+Zang+from+ITN+Trading&view=detail&mid=C94F340A4CF4176858EAC94F340A4CF4176858EA&FORM=VIRE&ajf=100

[Pollyp] Jester, why do you think she is so sure it's going to happen right away?

[JESTER] Pollyp I DIDNT GET SHE THOUGHT THAT... SHE WAS NOT SURE OF THE TIMING FROM WHAT I SAW...

[Truth] JESTER yes, said it might be right away but could happen anytime, I recall

[Pollyp] Jester, just that she stated the 21st it might happen, if not "then shortly after"

[JESTER] Pollyp I DIDN'T FIND ANY REFERENCE TO HER DATE... DEFINE SHORTLY...

[JESTER] YOU BEEN TOLD FOR YEARS YOU WOULD BE RICH SHORTLY... LOL

[Pollyp] Jester I'll have to go listen again. Yes I have been told shortly, soon, now, anytime now, in the window, you name it lol

[catz] In the comment section under this video on weekend Facebook it sas lynete may have found the smoking gun and is recording a video to be out on Monday.

[Pollyp] Jester, just so I understand, this "crisis" they need will be manufactured to achieve citizenry acceptance of a global currency reform or just a US dollar devaluation? Because 90% of the population still won't have a clue what's really happening

[JESTER] Pollyp WHY WOULD IT BE MANUFACTURED... IT IS LIKELY SOMETHING THAT IS NEEDED...

[Pollyp] Jester, okay

[JESTER] 99.9% OF THE POPULATION DOES NOT HAVE A CLUE OR CARE... IT DOES NOT REALLY AFFECT THEM THAT MUCH...

[JESTER] THE ONLY REASON YOU CARE IS YOU THINK IT WILL SHOW YOU THE MONEY... LOL

[JESTER] AND THAT'S OKAY... AT LEAST YOU ARE TRYING TO FIGURE IT OUT RIGHT INSTEAD OF SOME OF THE OTHER SILLY POO THAT IS GOING ON...

[JESTER] LETS SEE IF SOME OTHER INFO WILL HELP... THIS IS BACKTRACKING A BIT FROM AN OLDER ARTICLE THAT LOOKS LIKE IT IS COMING TRUE... IF YOU LIKE TO UNDERSTAND A LITTLE BIT MORE ABOUT SDR'S

[JESTER] Replacing The U.S. Dollar with an SDR Note “Remains the Overriding Vision”

[JESTER] I AM GOING TO PARAPHRASE SOME STUFF OUT OF THIS ARTICLE..

JESTER] The Epoch Times recently published their follow up to the G20 Meeting held in early September in China. It is interesting to note how their reporting dramatically differs from the, typical, Western media reporting. Had a person followed only Western media outlets for reporting on the G20 meeting one would have come away with the sense the only thing accomplished was Obama and Russian President Putin facing off in a stare down that looked like two boxers about to go toe-to-toe.

[JESTER] In an article The Daily Coin published we clearly stated the meetings that would take place on the “sidelines” would be where the real meetings would determine the next step(s) in the, currently, unfolding monetary shift. The Federal Reserve Note, U.S. dollar, is now on the chopping block of history. While the axe has not been lowered it is certainly being sharpened. China has made it clear there is going to be a change and “the United States had to go along with the Chinese because they hold a large portion of the U.S. government debt.” I have heard it said before – the debtor is the slave to the creditor and the master determines the fate of slave.

[JESTER] “Behind the scenes, the system preparations have been made to the international monetary system which will allow us to introduce the SDR as one of the world’s reserve currencies, as a world reserve currency which could become and replace the dollar.”

[JESTER] He [Willem Middlekoop] thinks the United States had to go along with the Chinese because they hold a large portion of the U.S. government debt. This does not mean, however, that the dollar will become meaningless in the near future, as it is still the most important currency within the SDR basket.

[JESTER] “Adding the Chinese yuan to the SDR is a great way for the United States to stay in control. The U.S. dollar is still more than 42 percent of the SDR, even after Oct 1. So this is a solution which is acceptable for both the Chinese and the Americans. Even Putin can agree with this. By upgrading the SDR the United States will become less important, but it will still be the leading currency. Both Russia and China understand the need for the dollar for the foreseeable future.”

[JESTER] MIDDLEKOOPS ARTICLE WAS ON THE FB PAGE WAY BACK...

[JESTER] Small changes along the way make for one big change at the end of the line. The people that believe the Federal Reserve Note, U.S. dollar, is going to crash and burn overnight are missing the point of these communiques’ from the IMF, BIS and World Bank. What is happening right now are the people that are making policy changes, putting into place the mechanisms required to convert a global monetary system from one system to the next. China and Russia have been doing exactly this for the past several years. The AIIB was set up for the specific purpose of shifting accounts out of the BIS, IMF or World Bank or all three, into a new global banking system. The alternative to the, current, SWIFT system that has been built by both China and Russia, independently, represent other tools necessary to make this shift. There are a great many more tools necessary to making this type of global change. China and Russia have both been, independently, developing other banking systems, and monetary tools, necessary for such a change. There is still much work to be done.

[JESTER] NICE HISTORICAL DESCRIPTION OF WHAT IS GOING ON...

[JESTER] Small changes are hidden in plain sight. In its Articles of Agreement, the IMF states each member is obligated to “making the special drawing right the principal reserve asset in the international monetary system.”

[JESTER] Within the context of these small changes, however, the Chinese won a symbolic victory to have one of the U.S. controlled global institutions, the World Bank, issue a bond denominated in SDR in China.

[JESTER] “It’s more symbolic but highly significant. It shows that the U.S.-centered institutions, the IMF and the World Bank, really accepted the Chinese demand,” said Middelkoop.

[JESTER] The new M-SDR, in conjunction with the two other SDR’s O-SDR and R-SDR, are in place and ready to fill the ledger sheets around the world. This is not going to happen overnight, next week or next year – as of today this is not the plan. The plan is to continually drain the current system and propagate the new system at the same time. This has the potential to create problems as these two systems move in opposite directions. Gold could be a “counterweight” to smooth out the transition and create a more level currency as one system grows and the other recedes. I did not say gold would be part of the system nor did I say gold is going to play a role, at all, in this transition.

[JESTER] THIS ARTICLE IS FROM SEPTEMBER... REMEMBER I SAID THIS WAS A HISTORICAL COMPARISON... BEFORE YOU WORRY ABOUT THAT TIMING... IT IS UNDERWAY...

[JESTER] According to the former head of the IMF’s SDR division Dr. Warren Coats, China does plan on completely replacing the U.S. dollar in the long term and that private bond issues like the one from the World Bank are necessary to build capital markets and pricing mechanisms for the SDR.

[JESTER] “That goal to replace the dollar and euro and other currencies as international reserves with the SDR remains the overriding vision that China has in mind,” he said. “Any serious undertaking to promote the SDR as an attractive, viable international reserve asset requires an extensive private use of SDRs, like the World Bank bond and there needs to be lots more of that.”

[JESTER] He suggests for the SDR to take over from the dollar, major commodities like oil also need to be priced in SDR, and the banking system needs to create deposits and loans in SDR as well.

[JESTER] REMEMBER WHAT I SAID ABOUT THE SAUDI'S EARLIER THIS EVENING...

[JESTER] Furthermore, gold is not currently allowed to play any role in the SDR Basket of Currencies.

[JESTER] Gold could “provide a counterweight to the impact of the depreciation/appreciation of the dollar (and other currencies) since the gold price tends to be inversely related to the dollar,” she writes in a 2011 paper.

[JESTER] However, although the IMF holds 2,814 metric tons of gold reserves, it won’t be part of the SDR anytime soon according to Dr. Coats: “This would not be allowed under the current articles. They prohibit gold from being part of the SDR.”

[JESTER] THAT MAKES ME THINK FOR SURE... BUT NOT GOING INTO THAT JUST YET... LOL

[JESTER] So, for those that believe gold is going to be part of the new system, which it very well could be, please re-read the couple of statements to understand this is far from over. Gold could be part of the new system, however, as of today, it is not.

[JESTER] MAYBE JUST A HINT... THINK NON CENTRAL BANK ASSETS...
http://thedailycoin.org/2016/09/13/replacing-the-u-s-dollar-with-an-sdr-note-remains-the-overriding-vision/

[JESTER] THE BASIS FOR THE ARTICLE WAS .

[JESTER] NOW... THIS WHOLE SCENARIO DOES NOT COVER THE WHOLE SUBSTITUTION FUND UTILIZATION THAT WE ARE NOW THINKING WE ARE CORRECT ABOUT... SO THAT ADDS INTO THE WHOLE SCENARIO...

[JESTER] IF THE US DEBT CAN BE TRADED FOR SDR'S THEN THAT WILL LEVEL THINGS OUT QUITE NICELY... DEBT REPATRIATED TO THE US WOULD BE TRADED FOR SDR RIGHTS TO OTHER COUNTRIES...

[JESTER] THE FACT IS IF THERE WAS A GOLD BACKED USN IT WOULD COME FROM THE UST... NOT THE FED... NO ONE IN THEIR RIGHT MIND CAN FIGURE OUT HOW A USN WILL MAGICALLY APPEAR SOMETIME TO ASSET BACK THE USD... WELL THERE YA GO...

[JESTER] IT MIGHT BE THAT THE FRN BECOMES JIM WILLIE'S SHIESSE DOLLAR WHILE THE USN COMES ON AT SOME TIME TO TAKE OVER THE ASSET BACKED DUTY FOR THE USD... TIME WILL TELL...

[JESTER] DEBT REPATRIATED FOR SDR'S WOULD GO AWAY... REDUCING THE FED DEBT... A GOOD WAY TO REDUCE IT TO BE SURE..

[JESTER] IF YOU FOLLOWED ALL THAT THEN MAYBE IT IS MORE CLEAR NOW... JUST A LITTLE MORE CONCISE AND ALL IN ONE PLACE...

[Pollyp] wow

[chuck60] JESTER Thanks for that!

[coltsdad62] JESTER thanks! That was a lot of good info!

[JESTER] chuck60 HOPE IT MAKES SENSE...

[chuck60] JESTER Yes it does. Some of it I recalled from previous discussions, but having it all put together like you did tonight really made it easier for me to understand. So thanks again!

[Diditrvyeet] Jester nicely done.

[Pollyp] Jester, any comments on gold/silver pricing the last few days? Gold going up big but silver declining?

[JESTER] THIS MIGHT BE A GOOD THING TO NOTE TO THE ARTICLE ABOVE AND ALSO SOME OF OUR ASSUMPTIONS...

[JESTER] STAFF NOTE FOR THE G20 THE ROLE OF THE SDR—INITIAL CONSIDERATIONS

[JESTER] Following the recent diagnostic of the international monetary system (IMS), the IMF will explore whether a broader role for the SDR could contribute to its smooth functioning. The economic rationale for or against broader use of the SDR will be examined, focusing in particular on identifying any gaps and market failures the SDR could help address in light of the increasingly multi-polar nature of the global economy and growing financial interconnectedness.

[JESTER] This note sets out some initial considerations on this matter. The note sketches some key issues bearing on the role of the SDR in each of three concepts: (i) the official SDR, or “O-SDR”, the composite reserve asset issued and administered by the IMF; (ii) SDR-denominated financial market instruments, or “M-SDRs,” which could be both issued and held by any parties; and (iii) the SDR as a unit of account.

[JESTER] M-SDRs reduce foreign exchange and interest rate risk relative to single-currency instruments, but there are some drawbacks and challenges. The basket nature of M-SDRs would allow the volatility of returns to be lower than for a similar single currency instrument. However, the SDR only represents one of many possible sets of portfolio weights, and issuers or investors could use existing instruments to replicate their preferred weights at a relatively low cost. There are also challenges to market development, including settling and clearing of M-SDR transactions, dealing with potential basket redefinition, and fostering secondary market trading in order to generate liquidity and market depth

[JESTER] There are potential benefits to using the SDR as a unit of account, which have to be weighed against other considerations. Publishing economic statistics and financial statements in SDR terms could help users identify valuation changes. Statistical authorities would need to invest in communicating the rationale for any change in practices. Link

[JESTER] BLAH BLAH BLAH... YOU GET THE POINT...

[JESTER] THEY ARE WORKING ON IT...

[JESTER] https://www.imf.org/external/np/pp/eng/2016/072416.pdf

[JESTER] WHY WOULD THEY NEED A SINGLE CURRENCY SDR... THINK SUBSTITUTION FUND...

[JESTER] THEY ARE NOT LAYING IT OUT EASILY... BUT THEY ARE LEAVING PLENTY OF HINTS TO FIND IF YOU CARE TO FIND THEM...HOPE THAT HELPS TOO...

[JESTER] YOU GUYS TAKE IT EASY...

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