Global Currency Reset: Will Illinois be the epicenter of the upheaval?

With a majority of global stock market indices closing the last week of July at record highs, the bull run seems to have entered its final phase. While NSE Nifty index reached a historic landmark of 10000 during the week, Dow Jones Index inched closer to the 22000 mark. The stock market rally in the US has now run for over 7 years on the back of Quantitative Easing (QE) support from the FED. Finally, the bulls are now showing signs of fatigue indicating that the final top for this bull run is near, although the indices have already run up far ahead of economic fundamentals.

The unprecedented rally has been supported by an orchestrated liquidity push by major Central banks led by the US FED and supported by Bank of England, European Central Bank and the Bank of Japan. In a clear departure from the past, most of these Central banks today hold a major share of the Govt debt and the equity stocks in their respective countries, which is the primary reason for the non-stop bull run in world markets. It is not surprising that these Central banks are outside the control of the respective Governments. and are controlled by Jewish Community. In addition to the Central banks, top investment banks in USA and Europe also hold a substantial chunk of equity assets and have over leveraged positions in the F&O segment of equities as well as commodities. I was surprised to learn that one of the large US banks enjoys a leverage of 349:1 in the markets. One can well imagine what would be the plight of these banks if there was a sudden fall in the markets.

Now let us come to the issue of 'Global Currency Reset'. It would be interesting to understand the history of the 'Reserve Currency'. A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The dominant reserve currency has been changing over the past years. The Dutch Guilder emerged as a de-facto reserve currency in the 18th century due to dominance of trade by the Dutch East India company. By 1860, followed by the industrialization in UK, majority of the trade took place in British Pounds which became the Reserve currency during that period and it was based on the Gold standard. The Gold standard fell after the great depression of 1929. After WW II a formal currency system based on the Bretton Woods accord was put in place and US Govt. guaranteed a fixed rate of gold in lieu of US$, thus making US Dollar as the Reserve Currency. However, the Gold backed currency system was discontinued in 1971, but US Dollar continued as reserved currency in its new avatar as 'Fiat Currency' not backed by gold. In order to continue its status as the Reserve currency US Government made it mandatory for nations to do oil trade in US Dollars only.This led to the emergence of the term 'Petro Dollar', which continues till date. But there have been chinks in the armour of US as many countries have now decided to trade in their own currencies, the biggest such block being led by Russia and China, which includes India (BRICS). This is the reason why the search for an alternate global currency is on.

London based 'Economist' magazine came out with an interesting cover story 30 years ago, in its issue dated 1st September 1988, titled 'Get ready for a World Currency by 2018', they named this currency 'Phoenix'. And it is not a mere coincidence that Economist is owned by the Rothschild group which also have a substantial stake in major central banks world over. Does this mean that they had envisaged the end of the 'Fiat Currency regime' 30 years later, and will they slowly bring down the US economy to usher in the new era. This seems to be the most logical explanation of the impending crash of the debt ridden US economy and with it the 'Petro Dollar'.as a reserve currency.

Now another important issue: About the timing of the currency reset and how Illinois could be at the epicenter of this reset? Illinois is the 5th most populous and 25th largest state in USA. Chicago is a famous city in this state. Illinois has been in the news for quite some time due to its financial woes, and is on the verge of bankruptcy. It has not presented a budget for the past 2 years, and has a huge accumulated debt and $15 billion unpaid bills. The plight of at least dozen other states in USA is also far from good. How Illinois could trigger the great collapse? The answer to that lies in a celestial phenomenon that is going to happen in US on 21st August 2017, when a total solar eclipse will occur and the path of the eclipse would divide the USA into two parts. Many astrologers believe that the planetary configurations are not favourable for the USA and its President during this period. Some of the vulnerable spots on the path of the eclipse are the West coast of US, the Yellowstone national park, and of course South Illinois, all of which fall on the path of the eclipse. Interestingly USA came into existence after a total solar eclipse was seen in USA in 1776. Interestingly another total solar eclipse will be seen over USA on 8th April 2024, and the paths of the 2 eclipses will overlap each other at Carbondale (also known as Little Egypt) in South Illinois. This makes for a deadly combination: Natural calamity may strike US in the form of Tsunami on the west coast or Volcanic eruption at Yellowstone, combined with economic collapse of 'Illinois'. The effects of the Eclipse are normally felt for several weeks after the event.

A global Currency reset is now inevitable. Can the BRICS nations play an important role in providing an alternative global currency? The BRICS summit at Xiamen, China from 3-5 September could play an important role. We can only pray that the transition to a new World Economic order is peaceful and without much destruction.