Cempaka Belanda: Cooperation Needed in Shift to Multi-Currency Global Reserve System

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, June 24, 2010

Cooperation Needed in Shift to Multi-Currency Global Reserve System - Report

Asian Development Bank, 24 June 2010

MANILA, PHILIPPINES - A reform in the global reserve system is critical to avoid a repeat of the recent global economic crisis and Asia's fast recovering countries need to cooperate to ensure a smooth transition to a multi-currency alternative, says a new report from the Asian Development Bank (ADB) and Columbia University's Earth Institute.

The report, The Future Global Reserve System - An Asian Perspective, says that while the US dollar will remain the leading currency of international exchange for now, a rebalancing in the global economy means that in the future, a wider range of currencies will need to be used to settle trade and investment.

"Our current global reserve system, unfortunately, is not functioning too well," ADB President Haruhiko Kuroda said in a message in the report. "That means, more than ever, we need to work together both globally and regionally to find solutions—however gradually implemented—that will bring about a workable reform of the global reserve system."

There is no single alternative to the US dollar as the world's reserve currency. The Greek debt crisis has exposed the euro's lack of a solid sovereign backbone. The yen is Asia's most internationally accepted currency but its reserve status has declined recently. The yuan, the currency of the fast expanding economy of the People's Republic of China, may well become a reserve currency sooner than most anticipate but for now, cannot fill the role.

The report is the result of an ADB-financed study by 17 internationally renowned monetary experts led by Jeffrey Sachs, Director of the Earth Institute and ADB Chief Economist Jong-Wha Lee. It describes the strengths and weaknesses of the current system, the case for cooperation in bringing about reform, and the increasing role Asia must play in making this happen.

Reforming the global reserve system has huge implications for Asia. The region holds close to half of the world's total foreign exchange reserves and is highly dependent on international trade and capital flows for its growing prosperity.

"The dollar-based reserve system has been fraying for years," said Joseph Stiglitz, a Nobel laureate and a contributor to the report. "A new global reserve system is absolutely essential if we are to restore the global economy to sustained prosperity and stability. But achieving this is not easy."

The report recommends that with Asia’s growing economic clout, the region should increase economic integration and policy coordination to smooth the transition to a multi-currency reserve system.

Exchange rate and monetary policy coordination needs to be stepped up and there need to be formal mechanisms for economic consultation and surveillance between regional and global institutions. Regional foreign exchange reserves must be more actively deployed through swap lines, special drawing rights and other types of borrowing so there is no repeat of the recent credit crunch.

The report also suggested that given the failure to develop globally binding agreements on climate change, a portion of the revenue that a country receives through seignorage could be used to help their region tackle climate change. Seignorage refers to the profits resulting from the difference in cost of printing money and the face value of the money.

On a global level, the report recommends a stronger set of capital market rules be devised given the failure of the financial system to police itself, and regularly gathering international monetary experts to discuss current account imbalances and thus avoid unnecessary friction between countries on issues such as trade or varying exchange rate regimes.

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