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Whispers of a New Financial System...

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CNBC Stand-In Reporter Admits Financial System Changeover: “They’re Going to Put the Old System In a Coma”!

From the CNBC show Squawk Box – August 10, 2012

http://video.cnbc.co...ideo=3000108212

Stephen: This IS amazing! A stand-in finance reporter for CNBC, Kevin Ferry from Kronus Futures Management – after being told, bizarrely, by Squawk Box host Joe Kernen, twice, “whatever you do don’t screw this up” – has just disclosed that the current financial system and, importantly, the Libor, is about to be overhauled.

After saying that a Pandora’s Box is going to be opened up in the Libor area (in reference to the separate story posted below on the subpoenas now heading JP Morgan Chase’s way) Kevin Ferry told Joe Kernen – and the rest of us: “I think what they’re going to do, Joe, is basically put the old system in a coma, and work to devise something that’s a little bit better, and it’s going to be tricky.”

Essentially, he is saying that things are going to be seriously overhauled.

Separately, I have personally heard from several different sources in the past two days, that big things are about to happen this coming week with regards the world’s financial system. A good weekend indeed!

China Launching Gold Backed Global Currency!

http://beforeitsnews...cy-2451114.html

By Mark Brander

Sunday, August 12, 2012 17:14

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’

Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.

CHINA RECASTS GOLD BARS

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The US TBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based US Dollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China. They will discard the toxic US Treasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other ***** ton measures. But perhaps something bigger is involved. Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory. The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.

read entire article here..

http://news.goldseek.../1340820786.php

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Posted

Woohoo!

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Posted

Why would you say woohoo?

Would this not collapse the US economy ?

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Posted

venom dreams of reverting to the simplicity of chasing deer with a sharpened stick, clothed in pants that he made from stitching leaves together.

Come on already apocalypse!

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Posted

Why would you say woohoo?

Would this not collapse the US economy ?

Agreed, don't really think the result of this would be the utopia you imagine, more likely it would result in a wide spread war....

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Posted

Why would a Chinese-controlled international currency lead to utopia?

Or is the gold standard that is being woo-hoo'd?

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Posted

Why would you say woohoo?

Would this not collapse the US economy ?

Because we are in desperate need of a new financial system. Our current system is terrible...it enables slavery and is built on a foundation of corruption. We need something that benefits the entire world population...not just those at the top who run it and manipulate it to their advantage.

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Posted

This all ties into the "Urgent: Arrests Imminent" thread. Everything that we said would happen is slowly coming to fruition.

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Posted

Gold pressed latinum is the future.

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Posted

Why would you say woohoo?

Would this not collapse the US economy ?

Until the Federal Reserve is abolished, trying to fix the US economy is just trying to re-arrange the deck chairs on the Titanic.

There is 9 trillion dollars "missing" from our economy. The Federal Reserve is the highest authority on our economy (illegally) so until that money is found, it can be assumed that the Federal Reserve stole our money.

The head needs to be chopped off of the snake.

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Posted

i seriously hope you guys dont think that shifting powers = less corruption

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. We need something that benefits the entire world population...not just those at the top who run it and manipulate it to their advantage.

Where this ends is not where people imagine everyone getting benefits...

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