(The Big Reset) We have found some new
confirmation China is discussing a reset of world’s financial system with other
‘leading countries’, just like was done during the Bretton Woods Conference in
1944. In an OMFIF-publication,
the second highest ranking Chinese banker within the IMF, Dr Jin Zhongxia
stated; ‘The topics currently discussed among the leading countries are
not significantly different from those debated at the Bretton Woods conference.
Those who open up and learn from the dusty archives of Bretton Woods may
perhaps gain insights into many other issues relevant today.’
Dr Jin Zhongxia was appointed as an Executive Director
for China at the International Monetary Fund. Prior to this position he
was the Director General at the Research Institute of the People’s Bank of
China (PBoC). Drawing on the conference reports from the Chinese
delegation and other related documents, he has published an important paper
which traces the footsteps of the Chinese delegation and explores the role
played by the Chinese delegates at the Bretton Woods conference.
In a separate op-ed in the August issue of the OMFIF-
Bulletin he also acknowledged China is ‘looking to be the next world leader’.
During The Bretton Woods Committee Annual Meeting 2015
a discussion between investor and philanthropist George
Soros and Committee Co-Chair James D. Wolfensohn on
the future of the Bretton Woods System was organized. Acoording to the
Committee’s website; ‘Soros remarked that the Bretton Woods institutions
(IMF and World Bank -WM) have now “lost their monopoly,” and the world has
broken into two “rival camps.” The extent of cooperation between the new
“Beijing Consensus” (e.g. AIIB, etc.) and the existing Western-led institutions
will have a profound impact on the world order. Soros also expressed his belief
that a stable economic and geopolitical future rested on the transition of
China from a production and export-based economy to a domestic consumer and
import economy – a transition that the Bretton Woods Institutions and the U.S.
should help facilitate by allowing the renminbi to join the IMF’s basket of
currencies. In return, China should make concessions to reform including
accepting the rule of law. In Soros’ view, this will create a “binding
connection” between the two camps and is necessary to avoid the possibility of
China aligning itself with Russia and the real threat of a third world war.’
Source: The Big Reset
Related:
- The Fed Can’t Fix It: “All
That’s Left is a Reset, Shutdown of the System”
- Top CEO Warns Of Global Reset:
”It’s In The Cards For Sure … It Could Happen This Year”
- China Nears Global Reserve
Status: “There Will Be a Reset of the Financial Industry”
- Financial Reset Coming? China’s
Currency Nears World Reserve Status
- A Global Financial Reset Is
Coming: ‘A Deal Is Being Made Between All The Central Banks’
- How will the U.S. Dollar Be Reset?
- Jim Willie: China will use gold
and gold pricing to force global currency reset
- What Is The Global Currency
Reset?
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