By Ray Gano
Several days ago I reported to the PZ Insiders a move by the IMF (International Money Fund) to decouple itself from the dollar and suggest a move to a global currency.
This will take place in stages, the first phase being the acceptance of what is called SDR (Special Drawing Rights)
The SDR is the suggested currency based on 30 commodities, including gold, metals, foodstuff, oil. Banks and financial institutions are using the SDR as a form of Global Reserve Currency (GRC) at this very moment.
Because most of the world's currencies are very unstable at this day and time, a form of a common method of exchange needs to be put in place.
Example - I purchase an item from Italy for $500.00. To pay for it I need Euros. So I purchase Euros and get 393.00 Euros, which is today's rate. In the time that I made the exchange to the time I have gone to purchase the product, the dollar has lost more ground and it will now take even more dollars to buy the item, thus I need to convert more Dollars into Euros. This goes on and on and finally I give up purchasing the product.
Now, if I convert my dollars to SDRs, then I have a common method of exchange that will hold its value and I can then purchase my item from Italy. The Italian merchant takes the SDRs and then converts them over to Euros. Everyone is happy, I get my product, they get their Euros.
The problem is that US dollars need to be converted over to SDR as a method of exchange. The receiver then converts back to their currency or to the dollar after the exchange is made. This is still cumbersome, but the use of the SDR is the first steps that need to take place so that a full fledged global reserve currency can be introduced.
Here is the issue at hand, the IMF sees the best way to ensure the stability of the international monetary system is actually launching a global currency. They of course are going to allow a "Crisis" to take effect so that the people will be more than happy to dump the worthless dollar, Euro, etc and accept a global currency.
Debt is killing the major powers, that is a fact. The ongoing buildup of such debt only makes the global monetary system increasingly vulnerable to the shocks of the rising and dipping currencies. It is a process that is "ultimately unsustainable for all," says the IMF. (1)
Here is how the IMP states this…
The global crisis of 2008/09, for all its costs, has not jeopardized international monetary stability, and the IMS is not on the verge of collapse. That said, the current system has serious imperfections that feed and facilitate policies—of reserves accumulation and reserves creation—that are ultimately unsustainable and, until they are reversed, expose the system to risks and shocks that a reformed system could minimize. (1)
All in all, the IMF believes there has simply been too much reserve hoarding going on:
Reserve accumulation has accelerated dramatically in the past decade, particularly since the 2003-4. At the end of 2009, reserves had risen to 13 percent of global GDP, doubling from their 2000 level, and over 50 percent of total imports of goods and services. Emerging market holdings rose to 32 percent of their GDP (26 percent excluding China). Twenty-seven of the top 40 reserve holders, accounting for over 90 percent of total reserve holdings, recorded doubledigit average growth in reserves over 1999-2008.
Holdings have also become increasingly concentrated, with over half the total held by only five countries. These numbers exclude substantial foreign assets of the official sector not recorded as reserves, including in sovereign wealth funds (SWFs), and yet invested in liquid, dollar denominated financial instruments, that have grown even more in recent years. (1)
This is not a good thing in the eyes of the IMF. They want the control, not have that control of the money in the hands of the five countries.
So in the end, a global currency makes the most sense.
The IMF paper concludes — "especially since the SDR is currently just an accounting tool that draws on the freely usable currencies of member states , not an actual currency itself."
So it is very possible that the IMF's special drawing rights (SDRs) will become the world's reserve currency.
But here is the real news and why I mention all of this.
From the US Postal Website:
All Priority Mail International insured parcels must be numbered. PS Form 2976-A, Customs Declaration and Dispatch Note — CP 72, and the mailing receipt issued at the time of mailing will serve as proof of mailing and proof of insurance. Volume mailers may use PS Form 3877, Firm Mailing Book for Accountable Mail, as the sender’s receipt.
- Indicate on PS Form 2976-A the amount for which the parcel is insured. Write the amount in U.S. dollars in ink in the “Insured Amount (U.S.) block.”
- Convert the U.S. dollar amount to the special drawing right (SDR) value and enter it in the SDR value block. For example:
See Exhibit 323.62 for a table showing the conversion of U.S. dollar values up to $600 to SDR equivalents. To determine SDR equivalents above $600, multiply the insured amount, rounded up to the next full dollar, by the conversion factor of 0.6576.
Note: Use the following rates when converting between U.S. dollars and SDR values:
1 U.S. $ = 0.6576 SDR
1 SDR = $1.52 ($1.5206 U.S.)
1 SDR = $1.52 ($1.5206 U.S.)
Write a bold capital “V” in the space provided adjacent to the boxes for Insured Amount and Insurance Fees as an indicator that additional insurance was purchased.
Yep, the US Post Office is now quoting SDR to Dollar conversion rates.
We also know that the IMF is pushing to replace the US Dollar (GRC) to the SDR the new Global Reserve Currency.
BUT that is not all…
The IMF also stated that once the SDR is established they are then going to move to introduce to the masses the "Bancor."
48. From SDR to bancor. A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions.
And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries. A more ambitious reform option would be to build on the previous ideas and develop, over time, a global currency. Called, for example, bancor in honor of Keynes, such a currency could be used as a medium of exchange—an “outside money” in contrast to the SDR which remains an “inside money”. (1)
So the SDR will remain as the "inside money" and the Bancor will be an "outside money" or the money that you and I will use; at least that is their plan.
Push For The Bancor
Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.
Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal. (3)
So there it is folks, both Chinese and Russian leaders plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week.
Is the world ready for a global currency?
Yes and no. I believe what needs to take place is a economic crisis that will push the masses into accepting a new Global Reserve Currency (GCR).
Right about now there are some of you probably flipping out making jumps in your mind from SDR to the Bancor to the Mark of the Beast.
Well you are partially correct, but the introduction of a global currency is not AND I REPEAT IS NOT, the mark of the beast.
What SDRs and Bancor does is these forms of monetary exchange take people one more step towards a completely controlled financial beast system.
Remember when the banks introduced the ATM card and the personal PIN #?
I remember when all the gas pumps started to change and be replaced with "Pay at the Pump" capabilities. Not only would these pumps take credit cards, but you can also use your ATM card and enter in your PIN to make a purchase of gasoline.
All the folks in the Bible Prophecy arena were talking about ATMS and PIN #. The gossip was that next we would get tattoos of bar codes across our foreheads encoding our PIN and bank account numbers.
Well, that did not take place, neither did biochips get embedded with our pin number either.
After a while the masses used their ATM cards everywhere, from buying groceries, to getting a Big Mac an fries at McDonalds. In fact I bet that today you have used your Debit / Credit Card for some purchase and did not think one thing about it.
That is what is going to happen with SDRs and Bancor. We are going to be introduced to it sometime down the road after some financial crisis, people are going to either reject it at first, like many did with the ATM card or people will flock to it.
Eventually the Bancor will become the Global Reserve Currency, we will all use it and in the end think nothing of it like the Debt / Credit card we use daily.
BUT… now that the masses have effectively accepted the Bancor, this then opens the door to the use of a biometric ID system that is now being put in place in all of India.
Aadhaar to launch in the next few weeks, starts from Andhra
Unique Identification Authority aims to issue the numbers to 100 million people in the current fiscal year
New Delhi: The government is ready to allot the first batch of unique identification (UID) numbers under a project that aims to give every Indian resident easier access to e-governance and a range of other services.
Set up in June 2009, UIDAI had promised to issue the first batch of UID numbers—based on residents’ personal and biometric details, such as fingerprints and eye scans—between August and February. Six other Andhra Pradesh districts will be covered in the initial phase.
Users will eventually have to use the UID number to access government services such as the public distribution system for essential food items, as well as welfare programmes such as the rural job guarantee scheme. The number will also allow residents who do not have passports, driving licences or other forms of identification—particularly people from rural areas—open bank accounts, apply for loans and access other financial services.
UID numbers will be sent out as letters to each resident. One part of the letter will carry the resident’s name, address and the 12-digit UID number. The second part will have the resident’s photograph along with personal details such as sex and date of birth, and a linear barcode that contains the UID number. (4)
The UID / UIN is already the "norm" it does not use a biochip, nor does it use a tattoo, you yourself are your own means of identification. Your iris scan, finger / thumb / hand print, facial geometry, these and other forms are what is being proposed as the ultimate form of identification.
Now I do believe that once the Antichrist comes onto the scene, that the Mark of the Beast is 3 fold instrument of the antichrist. It is the proof of economic, political and religious allegiance.
1. You give your allegiance and soul to an economical system.
2. You give your allegiance and soul to a political system.
3. You give your allegiance and soul to a religious system.
When the mark of the beast is put in place, the individual will accept whole heartedly and with his or her soul an economical, political and religious system. The mark of the beast must meet all three.
For example in World Net Daily article, GOP star to get chip implant
Former Wisconsin Gov. Tommy Thompson has volunteered to get an RFID electronic chip implant to show the world just how safe the new technology is.
The former secretary of the Department of Health and Human Services in President Bush's first term sees it as a potentially life-saving move because the chip will have details of his medical history should he ever be in an accident.
Thompson will be among the first humans to get the chip. Pets have been routinely chipped at pounds and veterinarians' offices in recent years. (5)
In having a biochip implanted, Former Wisconsin Gov. Tommy Thompson did not take the mark of the beast. The reason is that it did not meet all the necessary requirements that are needed to be “The Mark of The Beast.” He did not pledge his allegiance and his soul to a political system, economic system or religious system. Now I think that he was rather foolish in doing this, but he did not receive the mark of the beast.
The reason that I say that the implantable biochip is NOT the mark of the beast is for several reasons
· I feel that when the mark is taken, it is something that the people of that time and of that mindset are going to be very proud to do. Remember that this will be a very powerful thing taking place. There will be religious ceremony, political pride etc. These individuals are giving their allegiance and soul to the Antichrist. The mere narcissistic nature of the Antichrist will not allow for anything else. He will want to rub this in God’s face. I can just hear him say “See God, See! These are MY followers! NOT YOURS!” So this will be something of major importance to the world and to the people in that time who take the mark.
· The implantable biochip is something that is just as it is called, implanted. Meaning; that it is going to be placed deep under the surface of the skin. There is no sign of one taking the mark, no way to recognize a person who has the mark and no unity just because of an implant. Only way one knows if they have received a biochip / mark is if their biochip is “read” from a sensor or reader someplace.
· The biochip in and of itself is not tamper proof and also there is no means for true authentication of the person and the biochip. It is only the biochip. Just imagine someone who is living during that time, they could find someone who had a chip, cut it out and presto, they can now move around freely although they would still need the chip to buy and sell.
· Lithium leakage if capsule were broken could cause serious sores. Now this matches scripture in those who take the mark develop sores, but sores can develop from other things too.
· In a world of lawsuits and litigation any company that would be the producer of this item would face a global throng of lawyers filing suits bankrupting the production company making it impossible for a company to even produce something like this and implement it.
· Finally, the logistics to ensure that every man, woman and child is given a bio chip is an nearly an impossible feat globally in the allotted amount of time, 3.5 years. But this is assuming that the Antichrist even has a full 3.5 years. Even with a full 3.5 years, the "chipping" of every human globally would pretty much be and impossible logistical feat.
I cannot say what will be the mark of the beast, I have always thought that it would be a holographic RFID tattoo, but many of the logistics that prevent a bio-chip would also hamper a tattoo, especially in dealing with legal issues and the throngs of lawyers.
This is why a biometric solution makes clear sense. You already own your finger, hand, iris print or any other form of geometrically measuring your own body. Even if your right hand is cut off, there is still the ability to utilize biometrics to identify who you are.
What I do know is that SDR and Bancor is not the mark, it is just another puzzle piece that is being dropped in so that when the mark finally appears, man's inhibitions against such a draconian idea will be beaten down. We clearly see what John, Daniel and the other prophets of the bible wrote coming to pass right before our eyes.
Knowing this and knowing the path that must be taken to achieve this, it is also clear that we as Christian may be here longer than what some are teaching. Look how long it took for man to fully accept plastic money and Debit / Credit card transactions at a drop of the hat. The jump from this to a global reserve currency is quiet a jump. Man will have to be eased into accepting this solution.
Even with the rapture taking place, I do not see freedom loving individuals who are left behind and still maintain conservative ideas jumping on the Bancor band wagon overnight. Those who have been left behind would fight this, privacy advocates, US patriots, believers in the US constitution, etc would not submit; and that is just looking at people here in the US. There are many more freedom advocates globally that would not accept something like this over night either. It goes against the grain of man to have to submit to something so sudden. Man needs to be gently eased into a change such as this.
Now I may be wrong in my psychological assumptions, but I do know many who claim to be freedom lovers and are not Christian and these individuals do tow that mindset. It is man's instinct to dig his heels in before being forced into submission.
Couple this "obstacle" with the fact that still billions have no knowledge of God, Jesus Christ or even the Bible, I see that our mission here is still clearly not finished.
So, we cannot say with 100% assurance that the rapture will take place before a financial disaster takes place in the US.
I don’t know about you but I do not have an all seeing crystal ball telling me when God is going to take His bride home tomorrow, next week, next month or next year. Therefore we need to prepare for this coming storm no matter what because God commanded us to Occupy Till He Returns.
I say all of this because I believe that we will face hardship in America. A financial disaster will take place here and I believe it will take place soon. It is as if we are being herded towards a direction that the powers behind the curtain want us to go. To push the herd, crisis will be used as it always has been in history. But push the herd to hard or too fast and you will lose control and that is what the powers that be do not want to lose full control of… the power.
So it will take time to implement a global currency like the SDR and Bancor. It will be slowly introduced till one day we will no longer have the US Dollar, Swiss Franc, British Pound or any other sovereign currency, we will all use one global currency and through this become slaves to the powers that control the money.
We have forgotten oldest rule in the book, those who have the gold make the rules. By adopting the SDR and Bancor the world will be beholding to those who have the gold. Those individuals are the International Monetary Fund (IMF) and we will then be turned into surfs.
This will be a foreshadow of what the Antichrist's reign will be like. Sounds bad now, living under the Antichrist will be many times far worse.
2 - http://pe.usps.com/text/imm/immc3_007.htm
3 - http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html
4 - http://www.livemint.com/2010/08/24234021/Aadhaar-to-launch-in-the-next.htm
5 - http://worldnetdaily.com/news/article.asp?ARTICLE_ID=45409