@KarenHudes National currencies and local currencies in the Global Currency Reset

15 Dec

National currencies and local currencies in the Global Currency Reset: https://s3.amazonaws.com/khudes/Twitter12.15.16.pdf

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From: Karen Hudes <KarenHudes@hotmail.com>
Sent: Thursday, December 15, 2016 6:01 AM
To: Cara-Lee Hayes
Subject: Re: Hello

Hi, Cara-Lee,

Many of the details of the global currency reset are going to be worked out by people deciding things. I cannot just sit here and decide things for them because people are allergic (rightfully so) to a one world order. I speak for the US on the Board of Governors of the World Bank and IMF until the Constitution of 1789 goes back into effect under Article V, but only so long as people know that the real decision maker is them. It will take some time for the decentralized decision making to kick in.

The fiat currencies are going to remain as one of the forms of money to buy and sell goods and services so long as people have confidence that Federal Reserve Notes in the US will be ultimately exchanged for the aurum
(and of course local currencies issued by villages and towns). Most of the excess Federal Reserve Notes are held abroad, and the countries are going to figure out which of these dollars were used in real economic activities, and will then be exchanged for shares of the transnational companies that are traded on the stock markets. So in summary, most of the fiat currency circulating in the US is going to maintain its value. We just have to have a way to soak up all the excess Federal Reserve Notes. We are going to avoid a crash up and panic. The worthless Federal Reserve Notes are going to be left with the crooks, as far as we can set things up. Kind of like the game of musical chairs.

The limits on amounts of national currencies that individuals can exchange for aurum are going to be set in each country. The limit in the US is $1 million — the limit in Canada has not yet been set by Canadians. Property is going to be dealt with after currency. You can appreciate that the corruption in local jurisdictions is going to have to be cleaned up before we can tackle the mess in the land records and registries. All of this is going to take a long time to get cleaned up. We are going to have to find a way to muddle through and prevent a generalized crash-up.

This will be possible so long as people remember that we are all in this together, and they have confidence in the transparency of the process going forward. So communication and grassroots clean-up are keys. Whistleblower protections are fundamental too. Stay tuned as we work hard to get this right.

Acting General Counsel
International Bank for Reconstruction and Development
Overseer Mandate Trustee, Global Debt Facility, TVM-LSM-666

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