Global MAGA-nomics | Francisco José Fernández-Cruz Sequera

The re-election of Donald Trump will lead to significant shifts in US economic and foreign policy, emphasizing unilateral protectionism and high tariffs aimed at boosting domestic production and safeguarding American interests. This 'MAGA-nomics' approach may impose tariffs of 10% to 20% on all imports and up to 60% on Chinese products, intending to reverse US deindustrialization and create jobs in key sectors.

 

MAGA-nomics: The war Trump will wage in 2025.

Trump's trade rhetoric portrays free trade as detrimental to the US economy, claiming trade deficits indicate weakness and job losses. His strategy seeks not only to protect the domestic market but also to pressure other nations to enhance market access for US goods. However, such mercantilism poses risks, including potential retaliatory tariffs from other countries, which could escalate costs and inflation both in the US and globally.

 Chronicles of Western Collapse.

A drastic tariff increase could harm American consumers by raising prices and potentially increasing inflation. The confrontation with China is particularly complex, as high tariffs may prompt China to devalue its currency, exacerbating internal economic issues while potentially triggering further trade conflicts.

The European Union, a major US trading partner, would likely suffer from these tariffs, which could significantly impact its economy amidst already existing challenges. Projections indicate that a 10% tariff on EU imports could reduce the Eurozone's annual GDP growth, further straining economic recovery.

 High tariffs, radical unilateralism, and the end of globalization as we know it.

Emerging markets like Vietnam, India, and Mexico may benefit as companies relocate production away from China, realigning global supply chains and potentially harming economies in Africa. The International Monetary Fund estimates that escalating trade disputes could reduce global economic growth, affecting millions worldwide.

Trump's approach extends beyond economics to form a coalition against China's influence, integrating defense strategies within economic policies (“Free and Open Indo-Pacific”). This could deepen geopolitical tensions and potentially lead to a new pro-China bloc. The historical precedent of protectionism, such as the Smoot-Hawley Tariff Act of 1930, illustrates the risks of such policies, emphasizing the interconnectedness of global economies and the potential for widespread negative repercussions.

Reference:
Francisco José Fernández-Cruz Sequera (October 28, 2024) - MAGA-nomics: La guerra que hará Trump en 2025. (video)

Looming US Supply Chains Shock in October 2024 | Lena Petrova

A devastating supply chain crisis is looming in the US, with 85,000 dock workers at 36 ports planning to start their strike on October 1st, demanding better pay and work conditions. This would impact 45-49% of US imports, affecting the entire country's port volume by over 40%. The strike would shut down five of the ten busiest ports in North America, including New York and New Jersey, which are already preparing for the strike. The strike is expected to cause shortages and delays, including retail, automotive, semiconductors, medicine and essentials, and a rise in prices due to consistent demand. A similar 11-day strike in 2002 caused the US economy to lose close to $1 billion daily and resulted in six months worth of backlogs.

 
US prepares for October Surprises.

Trade groups representing retailers, restaurants, and manufacturers are urging the administration to reverse its position, fearing severe economic impact. The International Monetary Fund warns of global trade fragmentation, making supply chains more vulnerable to disruptions. The situation is critical, with 25,000 workers prepared to strike, and negotiations between the union and US Maritime Alliance at a standstill. The White House has stated it will not prevent labor action at the ports. A strike would have long-term effects on the US economy, and its timing, just weeks prior to the November presidential elections, raises additional concerns.

Reference:

Lena Petrova (September 25, 2024) - Nearly 50% of ALL US Imports to Halt Due to Massive Port Strikes on October 1st. (video)

Welcome to the UNIT - The De-Dollarization Bombshell | Pepe Escobar

Welcome to the UNIT – a concept that has already been discussed by the financial services and investments working group set up by the BRICS+ Business Council and has a serious shot at becoming official BRICS+ policy as early as in 2025.

  » The UNIT is a new form of international currency that can be issued 

in a de-centralized way, and then recognized and regulated at national level.  «

[...] The Global Majority has had enough of the centrally controlled monetary framework put in place 80 years ago in Bretton Woods and its endemic flaws: chronic deficits fueling irresponsible military spending; speculative bubbles; politically motivated sanctions and secondary sanctions; abuse of settlement and payment infrastructure; protectionism; and the lack of fair arbitration. In contrast, the UNIT proposes a reliable, quick and economically efficient solution for cross-border payments. The - transactional - UNIT is a game-changer as a new form of international currency that can be issued in a de-centralized way, and then recognized and regulated at national level.

  » Decoupling money from politics will undoubtedly offer unique opportunities 

for fair trade and investments across the globe removing economic bypasses created by 

political power plays and irresponsible fiscal and monetary policies.  «

The strength of the UNIT, conceptually, is to remove direct dependency on the currency of other nations, and to offer especially to the Global Majority a new form of apolitical money - with huge potential for anchoring fair trade and investments. It is indeed a new concept in terms of an international currency - anchored in gold (40%) and BRICS+ currencies (60%). It is neither crypto nor stablecoin. [...] The endgame is that everyone, essentially, may use the UNIT for accounting, bookkeeping, pricing, settling, paying, saving and investing.

Quoted from:
Pepe Escobar (May 13, 2024) - De-Dollarization Bombshell: The Coming of BRICS+ Decentralized Monetary Ecosystem. 

 

See also:

The UNIT Foundation (May 9, 2023) - The UNIT White Paper.

The Bretton Woods International Monetary System | Imran N. Hosein

Gold and silver have continuously functioned successfully as money all through our history as a civilization, until modern Western civilization emerged with an agenda of establishing its dominion over the rest of the world. In the wake of the first and second world wars a new European monetary system was formally established at the Bretton Woods Conference held in 1944. Agreement was reached amongst the Western rulers of the world on a monetary system in which only one currency, the US dollar, would be redeemable in gold at the rate of $35 per ounce of gold. All other currencies in the world would have their value determined in relation to the US dollar. Secondly, only governments, through their central banks, could redeem dollars for gold. Ordinary people who would be required to use paper currencies, could not redeem any currency for gold. An institution known as the International Monetary Fund (IMF) would be established and each member state of the IMF would be required to deposit with the IMF 25% of all gold reserves that the state possessed.

 

 The US was founded by Satanists and has been ruled by Satanists ever since. 

This is their 'Great Seal'.

» Annuit Cœptis. MDCCLXXVI. Novus Ordo Seclorum. «
» He has favored our undertakings. 1776. New Order of the Ages. «

Most of the "Founding Fathers" of the United States of America were Freemasons following the Ancient and Accepted Scottish Rite. In their Great Seal, He is radiating above a 13-layer pyramid. The realm between He and the pyramid below is illuminated by He and reserved for the chosen few, most blessed, most obedient, and most able among his Masons. Thirteen is the number of the founding federal states of the United States of America. So, who is He? His Freemason worshipers call him Lucifer and Lord Satan and consider him the bearer and bringer of light, great insights, and mundane powers. The original Great Seal of the United States of America was crafted in 1782, six years after the American Revolution in 1776 and one year after the establishment of the United States of America as an all-embracing imperial federal republic in the model and spirit of the Roman Republic's Empire. The United States of America was founded as the epicenter of a universal empire to come, as the shining fortress of He, named "New Jerusalem," from where an unprecedented conquest and rule over all worlds beyond was to begin. After the establishment of the Bank for International Settlements in 1930, following the abolition of the US dollar's gold standard and the seizure of the goyim's gold in 1933, the original Great Seal of the United States of America was added to the design of the dollar bill in 1935, along with the words "In God We Trust," by Franklin Delano Roosevelt, a 32nd degree Grand Master of the Ancient and Accepted Scottish Rite and the 32nd US President.
 

 

In fact, gold that was deposited with the IMF functioned merely as a means through which states could seek loans on interest (backed by something of value) from the IMF. More importantly, to the extent that member-states faithfully complied with the requirement of depositing that gold, the IMF would know the extent of gold reserves of each member-state. This was further assured through a requirement that member-states must report to the Fund all sales and purchases of gold. Why would the US-controlled - and hence Zionist-controlled - IMF be so interested in knowing the quantum of gold reserves in the possession of all countries in the world? 

 

 » The IMF claimed 25% of the world's gold and prohibited the use of gold as money. «

 

What was not disclosed however was that the US dollar would remain redeemable in gold only for as long as it was convenient for the US government to honor the legal obligation to do so. And just as ominous was the other possibility that if the US government could renege on its legal obligation to redeem US dollars for gold under the Articles of Agreement of the IMF, it could also refuse to repatriate 25% or more of the world’s gold stored in USA in accordance with IMF requirements. 

 

'The House of the Temple', officially: 'Home of The Supreme Council, 33°, Ancient & Accepted Scottish Rite of Freemasonry, Southern Jurisdiction, Washington D.C., U.S.A.'; and 'The George Washington Masonic National Memorial'.

 

Let us pause for a moment to remind those who are unaware, that the US government has already abandoned its legal obligation to redeem US dollars for gold in August 1971, and now refuses to even audit gold belonging to the rest of the world, that is stored in the US. Strangely and mysteriously, the use of gold as money was prohibited in the Articles of Agreement of the IMF. Nowhere was an explanation offered for this strange prohibition. The likely reasons for the prohibition of the use of gold as money are as follows:

1. To prevent the possibility that gold used as money could threaten, and cause a collapse, of the bogus paper money monetary system.
2. To ensure that gold belonging to the rest of the world, but stored in USA, would remain undisturbed in US territory until the time arrived when the monetary system of paper money collapsed and the world returned to gold as money. At that time the legal prohibition of the use of gold as money would be removed, and gold stored with the Zionist owned and controlled Federal Reserve Bank in NY, could then be secretly and illegally transferred to Israel (the transfer may already have taken place) so that Israel’s rule over the world of money might remain unchallenged and unchallengeable. The gold stored in USA would remain largely undisturbed since there would be no reasons for a member-state to seek to repatriate its gold. What would they do with their gold, other than keeping it as a store of value? It could not be used as money.
3. Once the member-states of the IMF had deposited 25% of their gold reserves with the IMF (i.e., with USA), member-states had begun to take IMF loans that were secured by that gold, and it would then be possible to encourage them to store more and more of their gold reserves with the IMF. If they held on to their gold, they could not use it in any way that would benefit them. And so this provision of the Articles of Agreement opened a way for USA to eventually be entrusted with storage of most of the gold reserves of the world.

Is it by accident or by design that decolonization resulted in the rest of the non-European world becoming part of a mysterious and ominous new European monetary system in which, for the first time in human history, mankind was prohibited by international law from using gold as money, and in which money with intrinsic value was replaced by money with no intrinsic value?

 

» First we plunder the Americans, then the Mexicans, the Tsars, the Germans and the Ottomans. Then all of mankind. «

Paul M. Warburg (1868–1932) was a German-born investment banker and Rothschild agent on Wall Street since 1895. He was a 'philanthropist' and the brother of Otto H. Warburg, head of the World Zionist Organization in 1911. He was the architect of the US Federal Reserve System and the Federal Reserve Bank and served as the spiritus rector of the Federal Reserve Act in 1913. He was an original member of the Federal Reserve Board of Governors in 1914 and served as the Second Vice Chairman of the Federal Reserve from 1916 to 1918. He issued Liberty war bonds in 1917 and invented the post-World War I gold reparation and confiscation schemes enforced upon the defeated German, Austrian, and Ottoman empires during the Versailles and Sèvres conferences of 1919–1920, where his German brother, Felix M. Warburg, was part of the German empire's delegation seeking a peace treaty. He was a visionary and pioneer of the Bank for International Settlements, the International Monetary Fund, and a globalized New Deal for Lord Satan's New Order of the Ages.

 

Is it by accident or by design that the new European monetary system supported a European banking system which together operated in such ways that they and their clients grew incredibly wealthy while the rest of the world was imprisoned in increasing poverty and destitution?

 
Has that economic impoverishment lead to political servitude? Is it true or is it false that modern political servitude invariably implies conformity with a Zionist agenda? Is it by accident or by design that European Zionist Jews and Zionist Christians have a firm control over that monetary and international banking system and are using it to the advantage of the State of Israel?

 
Is it by accident or by design that the modern secular West continued the Jihad, known as the crusades, waged by medieval Christian Europe to liberate the Holy Land from Muslim rule, until success was finally achieved in 1917? Why did non-European Christians refrain from participating in an ostensibly Christian Jihad? Why did western European Christian crusaders fight their eastern Christian brothers-in-faith while making their way to the Holy Land?

 

Is it by accident or by design that the West then presided over the birth of a State of Israel in the Holy Land some 2000 years after Holy Israel was destroyed by divine decree, and the Jews were then brought back by hook and by crook to reclaim the Holy Land as their own some 2000 years after they were expelled from it? 

 
Did all of the above take place by accident, or was it part of a grand design that would eventually make it possible for Israel to rule the world? Why would Israel want to rule the world?

 

Quoted from:

Imran N. Hosein (2021) - Preface to 'The Future of Money'.

 

See also:

Carroll Quigley (1966) - The Apex of the System: The Bank for International Settlements.

 

For the first time in history, the world is witnessing mass murder and genocide live on television.

The United States and the State of Israel will both be held accountable for their crimes in the Holy Land.

Creditors And Debtors In The Real Sector Of The World

An interesting picture is emerging: China is a creditor to other countries in the world to the tune of more than 1,300 billion dollars. This is according to a report published by AidData: "With new data from more than 700 state-owned lenders and donors in China, we show that Beijing remains the largest source of international development finance in the world. It continues to surpass all other bilateral and multilateral sources of aid and credit to the developing world, including the US and the World Bank." Note that China, together with Hong Kong, is by a wide margin the world's largest lender. The top 8 largest debtor countries have not changed for many years (Ireland is to be overtaken by Italy early next year), but the amount of debt is growing: 1. US, 2. UK, 3. Japan, 4. Netherlands, 5. France, 6. Ireland, 7. Italy, 8. Germany. G8 total external debt ~ over $63 trillion. 

Quoted from:
Pravda (Nov 09, 2023) - An interesting picture is emerging.

The Plot Of US Banks To Seize Russia | Martin A. Armstrong

New York investment bankers staged a financial coup against Russia in the late 1990s. The main goal was to make Russia dependent on US money in the long term. Russian billionaire and oligarch Boris Berezovsky played a key role in this process. The head of the Republic National Bank of New York and the US fund Hermitage Capital, Edmond Safra, was the one who funded the whole wire. Whether the US government was involved, I'm not entirely sure. But the bankers definitely were. And what they were after is basically they got Yeltsin to steal effectively 7 billion dollars from IMF loans. 

Edmond J. Safra (1932–1999)

Once the transfer was completed, Safra reported to the US government and the FBI about Yeltsin's alleged money laundering activities via the Bank of New York. Then the prosecutors immediately went to the Bank of New York and then they threatened Yeltsin and said: look, you resign and put this guy Berezovsky and everything will be fine. And Yeltsin at that stage realized that this all was a set up. That's when he turned to the young Vladimir Putin, who confiscated all assets of Hermitage Capital in Russia. New York bankers urged me to participate in the financial coup against Russia. They tried to get me to invest in Hermitage Capital and I declined. I said: look, this is gonna collapse, it's not gonna work. They wanted me to put in ten billion dollar, and I said no 'I'm not up with my clients' money into it'. I refused. When they started this nonsense about me, I told them ‘look, Republic stole the money.' And the government said ‘we believe Republic'. I said Ok, fine, and I did an interview with the Japan press. During this interview I told the truth, and right afterwards I became the target of US intelligence. US intelligence agencies have repeatedly tried to lure out my secret formula that helped me to predict the 1998 financial crisis in Russia, but I refused. When Russia collapsed, that's when the CIA basically came in and said: 'look, we want this model '. We offered to provide forecasting for them, and they basically said no they had to own it. And that's why I said ‘no'. The US authorities detained me because of my refusal to collaborate. I served a prison sentence from 1999 to 2011.

 

Boris Abramovich Berezovsky (1946-2013)

Perhaps the number one question I always get about the ordeal I went through and the sheer chaos that surrounded everything, was just who really was behind the plot to blackmail the former head of Russia Boris Yeltsin to stop him from running for reelection in 2000 and hand-pick Boris Abramovich Berezovsky? It is true I even had a meeting with the US Attorney Office on the subject when they realized that Republic National Bank and Edmond Safra had set up even Bank of New York as the center piece in the plot. As the players that surrounded me have mysteriously died, hanged themselves, been imprisoned, released, just saying they were denied a fair trial without explanation as with the nurse that supposedly killed Safra, this wild plot is still the classic who-done-it that may not be solved until someone gets the secret files tucked away on this one. Bereszovsky, who fled to Britain obtaining political asylum, suddenly hangs himself. Then there is the lawyer/accountant Sergei Magnitsky, who represented Safra’s Hermitage Capital Management mysteriously dies in prison awaiting trial and then is given a posthumous trial and found guilty. While he was portrayed in the West as a whistle-blower, don’t forget so was Safra against Bank of New York. This then led Congress to strangely pass the Magnitsky Act to a bill to impose sanctions on persons responsible for the detention, abuse, or death of Sergei Magnitsky, for the conspiracy to defraud the Russian Federation of taxes on corporate profits through fraudulent transactions and lawsuits against Hermitage. This is curiously strange for a foreign act to prompt Congress to pass a law in the USA. We cannot leave out Edmond Safra’s own mysterious murder in Monaco that took the fire company hours to reach being just 10 minutes away while his more than 20 bodyguards were all given the night off and reported bullets in his body with his nurse saying Russians dressed as ninjas showed up.

In August 1999 Boris Yeltsin appointed Vladimir Putin prime minister.

What I do know is there appears to have been a plot to take over Russia and that came from sources directly in Russia at the time. My case began September 13th, 1999 and Safra was killed December 3rd. Within a week the government moved to put me in contempt and stop my request for a speedy trial. It came out in court that bullets were left in my mailbox to warn me to shut up. But I was in the public spot light so they created a contempt and through me in to suspend everything. Safra was linked with Boris Abramovich Berezovsky and allegedly Vladimir Aleksandrovich Gusinsky, the media tycoon. As the plot was laid out by Russian sources, Yeltsin was convinced to take $7 billion from the IMF funds to refurbish the Kremlin – a staggering amount of money. The funds were wired to a largely unknown company in Switzerland. The wire was steered through Bank of New York and as soon as it was made, Safra had his bank run to the Feds and report that Bank of New York had just conducted a money laundering event. The Feds ran in wide-eyed and of course announced their action to the world before thoroughly investigating the allegations of Safra. I had a personal meeting with Dov Schlien president of Republic National Bank in March 1999 where he asked me to invest $10 billion offering a letter of credit guarantee. I sent an email to Tokyo explaining the offer to our office there. It was at this time that THE CONSPIRATORS threatened Yeltsin with exposure of his theft of $7 billion on the world stage. The demand was to appoint Berezovsky as the new President of Russia and for Yeltsin to step down and not run in 2000. Yeltsin, realizing he was set up, turned to Putin who nobody had heard of. As the story goes, Putin promised to take care of everything if Yeltsin appointed him instead, Yeltsin resigned on December 31, 1999, after Safra was killed on December 3rd in Monaco. The Presidential elections were held in Russia on the 26th of March 2000 formally electing Putin.

Berezovsky and Gusinsky fled Russia with their assets confiscated with the former gaining political asylum in Britain and the latter taking off to Israel. I even had a meeting with the Assistant US Attorney in NY in April 2000 about this mess because they ran into huge problems with the whole Bank of New York alleged $7 billion Money Laundering. They could not get any cooperation from the Russian government. It was Edmond Safra’s Republic National Bank then ran to the US Government in August 1999 and informed them that the Bank of New York had just wired $7 billion to Switzerland in a money laundering scam. The US authorities ran in immediately. The wire was sent to Mabetex, which was the Swiss based company ran by Kosovo/Swiss entrepreneur Behgjet Pacolli who claimed to have the contract to refurbish the Kremlin. He became President of Kosovo in 2011. The Bank of New York broker Lucy Edwards pleaded guilty but did no jail time because she 'cooperated' with the government. At her sentencing, the Judge simply asked who was the $7 billion money laundering for? She replied it was a 'ransom' for a Russian businessman. The Judge did not bother to even ask any names. The classic cover-up as if anyone would ever pay $7 billion ransom.

Quoted from:
Martin Armstrong (2018) - US Banks Plotted 'Financial Coup' Against Russia.
Martin Armstrong (2013) - So Who Really Tried to Blackmail Yeltsin & Takeover Russia – NSA-CIA-or Investment Bankers?

See also:

Martin Armstrong (2023) - The Plot to Seize Russia: The Untold History.

Carroll Quigley (1966) - The Apex of the System. In: Tragedy and Hope: A History of the World in Our Time.

Islam and the Future of Money | Imran N. Hosein

The modern monetary system emerged out of the Bretton Woods Conference of 1944 and collapsed in August 1971. It was then replaced by the petro-dollar monetary system. The ‘Ulama - Islamic scholars - lack both the knowledge and the tools of analysis with which to be able to come to the conclusion that the petro-dollar monetary system is bogus, fraudulent, and Haram - unlawful and impermissible in Islam. Unless and until the ‘Ulama of Islam study international monetary economics and summon the courage to stand up for truth and justice (al-M’aruf) while exposing and opposing all that is false and unjust (al-Munkar), it would remain impossible for Muslims to escape from this poisonous financial web which has been spun around us.

» No one in history has ever experienced the unique injustice and oppression that mankind now experiences by the
international monetary and banking system. Allah Most High made the use of gold and silver as money Halal  - lawful.
Whoever makes Haram - unlawful - what Allah has made Halal, has committed the ultimate sin of Shirk , blasphemy. «
Sheikh Imran N. Hosein

We need to confront our ‘Ulama with the argument that the Shari’ah - the sacred law of Islam - cannot be enforced unless and until we restore Dinar and Dirham - gold and silver - as money, and we cannot restore Dinar and Dirham as money while yet we remain member-states of the International Monetary Fund. This is because the Articles of Agreement of the IMF, mysteriously so, prohibit the use of gold as money. If the world is to ever know why the Zionist-fashioned IMF prohibited the use of gold as money, the question must be put to Dajjal, the Antichrist. Dajjal needs a fraudulent monetary system so that he can reduce one part of the world to abject poverty and financial slavery, while enriching that part of the world which supports him and works for him. 

Quoted from:
Sheikh Imran N. Hosein (2013) - Muslims must stop using US Dollar.

 

See also:
Sheikh Imran N. Hosein (2023) - Islam and the Future of Money.

IMF explains how to subvert Public Resistance against Elimination of Cash

Norbert Häring (Apr 5, 2017) - The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing”. It gives advice to governments who want to abolish cash against the will of their citizenry. Move slowly, start with harmless seeming measures, is part of that advice. In “The Macroeconomics of De-Cashing”, IMF-Analyst Alexei Kireyev recommends in his conclusions:

Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.
The private sector led de-cashing seems preferable to the public sector led decashing. The former seems almost entirely benign (e.g., more use of mobile phones to pay for coffee), but still needs policy adaptation. The latter seems more questionable, and people may have valid objections to it. De-cashing of either kind leaves both individuals and states more vulnerable to disruptions, ranging from power outages to hacks to cyberwarfare. In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks. The de-cashing process would acquire more traction if it were based on individual consumer choice and cost-benefits considerations.

Note, that the author is not talking about unreasonable objections and imagined disadvantages: He does count it among the advantages of de-cashing in the very next paragraph that personal savings are pushed into banks and he also does count total control of all aspects of financial life under the pros, as in the last sentence of the last quote below.

As de-cashing gives incentives to economies’ agents to convert their currency in bank deposits, the deposit base of the banking system will increase, which can help reduce the lending rates and expand credit.

And finally the advice to do it together:

Coordinated efforts on de-cashing could help enhance its positive effects and reduce potential costs. At least at the level of major countries and their currencies, the authorities could coordinate their de-cashing efforts. Such coordinated efforts are, in particular, important in the decisions to phase out large denomination bills for all major currencies, to use ceilings and other restrictions on cash transactions, and to introduce the reporting requirements for cash transactions or their taxation. For currency areas, a single decashing policy would be clearly preferable to a national one. Finally, consensus between the public and the private sector and outreach on the advantages and modalities of gradual decashing should be viewed as key preconditions for its success.

The paper itself is an example of such “outreach on the advantages” even though it pretends to give a balanced account . Throughout, as in the following paragraph, potential disadvantages of cash are in the indicative and strongly worded, advantages are introduced a hypothetical, by referring to the possibility that people may perceive a certain advantage of cash.

The differences between currency and transferrable deposits are also remarkable. They are often used by both sides of the debate on the pros and cons of decashing. First, currency can become technically obsolete. Banknotes fade and break, and the efforts to remedy the problem with plastics is of little help and involve unneeded costs. Transferrable deposits do not have this problem. Second, payments with currency are anonymous, which makes them a popular vehicle for abuse, tax avoidance, terrorism financing, and money laundering. Transferrable deposits are personified and generally cannot be used for these purposes. Third, currency is prone to counterfeiting, at times on a large scale. Transferrable deposits are not. Fourth, currency is often perceived as a means to preserve privacy, i.e., economic operators generally are not interested in the history of the currency of their transaction. Also, the individual right for privacy is usually enshrined in laws and transferrable deposits store each step of the payment history, which can be viewed as a threat to privacy. Transferrable deposits lead to full transparency, at least to the issuing bank, and a complete record of transactions, which in virtue of law can be used by tax and law enforcement authorities.

The paper lists a fair number of advantages and disadvantages of cash, but makes no explicit attempt to argue that overall the disadvantages are more important. The language and the recommendations make the bias more than clear, though. Needless to say that, as with all scandalous, antidemocratic recommendations, the ones described here are officially only those of the author, not of the IMF.

The British Pound's 100-Year Debasement & The City's China Wild Card

Bloomberg (Jul 5, 2016) - Sterling first slumped after coming off the gold standard in 1931 in which it had been overvalued, just as it was in 1944 when it joined the Bretton Woods system of managed exchange rates. Another 30 percent devaluation was swallowed in 1949 and then Wilson sanctioned another drop in 1967 amid Britain’s balance of payments crunch. While the IMF was called in to help avoid a sterling crisis in the 1970s, it fell again in the early 1980s. 

UK Equity Markets Dip Below 5%.
Source: Bespoke (Jul 5, 2016)

The U.K. joined the Exchange Rate Mechanism, a precursor to the Euro, in 1990 but was forced out just two years later because it couldn’t sustain a link to the Deutsche Mark. Now there is speculation that life outside the EU will cost the pound its place in the top tier of reserve currencies. It currently accounts for 5 percent of foreign exchange reserves, according to the IMF. A weaker currency may not do that much to prop up the U.K. economy. While it should boost manufacturing and tourism, three-quarters of the economy is dependent on services such as finance and their future is subject to whatever access to the EU the British government can negotiate. There are also

British Pound Sterling (GBP) to Chinese Yuan Renminbi (CNY)
Source: www.xe.com

structural weaknesses leaning against the pound. The U.K. ran a near-record current account deficit of 6.9 percent of output in the first quarter and is suffering from weak productivity. Demand remains weak abroad and prices may not be that sensitive to swings in the exchange rate because producers still rely on foreign components for their goods.

Thierry Meyssan (Jul 04, 2016) - The Western Press keeps repeating the same message – by leaving the European Union, the British have isolated themselves from the rest of the world, and will have to deal with terrible economic consequences. And yet, the fall in the Pound could be an advantage within the Commonwealth, which is a far greater family than the Union, and present on all six continents. Famous for its pragmatism, the City could quickly become the international centre for the yuan and implant the Chinese currency in the very heart of the Union [...] The London Stock Exchange announced an agreement with the China Foreign Exchange Trade System (CFETS), and, in June, became the primary Stock Exchange in the world to rate Chinese treasury bonds. All the elements were in place to transform the City into a Chinese Trojan Horse in the European Union, to the detriment of US supremacy.

Ahmed Farghaly (Jul 6, 2016): GBPUSD: Contradicting the EUR

Crude Oil Production Costs | IMF

Source: IMF

Hitting the Fan | Deutsche Bank in Pre-Infarct State of Imminent Bankruptcy

On June 7, immediately following Greece’s missed payment to the IMF,
Deutsche Bank’s two CEOs announce their surprise departure from the
company (HERE)

Deutsche Bank is the 12th biggest bank worldwide and harbours USD 75 trillion in derivatives bets — an amount twenty times greater than the German GDP (USD 3.64 trillion in 2014). Deutsche Bank is the world’s largest  holder of derivatives exposure and dwarfs J.P. Morgan’s exposure by USD 5 trillion (HERE). Deutsche Bank - along other global banks - was engaged in a slew of corrupt practices from manipulation of interest rates (for which the firm was fined USD 2.5 billion in April 2015), to tax evasion and money laundering to “mis-selling” of derivatives. 

If Greece defaults at the end of June, Deutsche Bank will lose 50 to 100 billion Euros in Greek bonds and be caught off-side in its derivatives positions. And there is no government nor institution on earth to bail it out. 
More HERE

SPX vs IMF

[...] I have determined the major and minor time factors which repeat in the history of nations, men and markets [...] In making my predictions I use geometry and mathematics, just as the astronomer does, based on immutable laws.

[...] My calculations are based on the cycle theory and on mathematical sequences. History repeats itself. That is what I have always contended, that in order to know and predict the future of anything you only have to look up what has happened in the past and get a correct base or starting point.

[...] In making my calculations on the stock market, or any future event, I get the past history and find out what cycle we are in and then predict the curve for the future, which is a repetition of past market movements [...] harmonic analysis, is the only thing that we can rely upon to ascertain the future.

W.D. Gann (1927): The Tunnel Thru The Air