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About IMI | IMI
Established on December 20, 2009, International Monetary Institute (IMI) is a non-profit academic institution and think tank focusing on research on monetary finance theory, policy and strategy.Taking the discipline framework and thinking model of “the General Theory of Macro-Finance”, IMI amows the principle of connecting East and West, linking up academic studies, serving government and public, and seeking truth from facts. Aiming to build a world-class think tank focusing on the studies on international financial theory, strategy and policy in an international, professional and antiestéticatured approach, IMI has been proved very fruitful in promoting academic exchanges, serving society, facilitating practices of financial reform at home and abroad and facilitating cultivation of financial talents “who are able to flexibly move between the East and West cultural platforms.”(editado)
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The chairman of IMI Advisory Board is Mr. Pan Gongsheng, deputy-governor of PBoC and administrator of SAFE. The members of Advisory Board include: Mr. Chen Yunxian, party member of Guangdong Provincial People’s Government and former deputy governor of Guangdong Province; Mr. Li Jun, Former President,Bank of Communications, Former Chief Supervisor,Bank of China; Mr. Li Ruogu, former president of the China Export-Import Bank; Mr. Li Yang, Chairman of Council, National Finance and Development Lab, and former vice president of CASS; Mr. Ma Delun, chairman of Banking Accounting Society of China, former deputy governor of People’s Bank of China (PBoC); Mr. Su Ning, former deputy governor of PBoC; Mr. Wang Zhaoxing, vice chairman of China Banking Regulatory Commission (CBRC); Mr. Wang Zhongmin, former deputy chairman, National Council for Social Security Fund of China; Mr. Wu Qing, member of CPC leadership group, Shanghai Government; Mr. Xia Bin, honorary director, Research Institute of Finance, Development Research Center, councilor of the State Council; Mr. Xuan Changneng, Assistant Chairman, China Securities Regulatory Commission (CSRC)...(editado)
The chairman of IMI Academic Committee is Prof. Edward C. Prescott, the 2004 Nobel Economics Laureate and professor of Arizona State University. The members of Academic Committee are 53 experts and scholars from research institutions, policy-making sectors, and financial institutions including: Ben Shenglin, Cao Tong, Chen Weidong, Chen Xinjian, Ding Jianping, Ding Zhijie, E Zhihuan, Fan Xiwen, Feng Bo, Guan Wei, Guan Qingyou, Guo Jianwei, Guo Qingwang, Hu Xuehao, Huang Jinlao, Ji Zhihong, Jiao Jinpu, Jin Yu, Li Wenhong, Liu Jun, Liu Qingsong, Lu Lei, Miao Yufeng, Qu Qiang, Shi Bin, Sun Lujun, Tan Songtao, Tu Yonghong, Wang Changyun, Wang Guangyu, Wang Guogang, Wang Yi, Wang Yongli, Wei Benhua, Wei Gejun, Xiao Geng, Yan Xiandong, Yang Tao, Yang Zaiping, Zhang Chengsi, Zhang Jie, Zhang Xiaopu, Zhang Zhixiang, Zhao Changwen, Zhao Haiying, Zhao Xijun, Zhou Ading, Zhou Daoxu, Zhou Guangwen, Zhou Yueqiu, Zhuang Enyue and Zhuang Yumin. The chairman of IMI International Committee is Prof. Robert A. Mundell, the 1999 Nobel Economics Laureate and professor of Columbia University.
The co-chairman of the Committee is Prof. Ben Shenglin, founding dean of Academy of Internet Finance at Zhejiang University. The members of the Committee are 28 experts and scholars from Europe, America, Asia and Africa including Edmond Alphandery, Yaseen Anwar, Lord Neil Davidson, Robert Elsen, Tomotuki Fukumoto, Fariborz Ghadar, Thorsten Giehler, Yuksel Gormez, Steve H. Hanke, Jaya Josie, Rainer Klump, Kees Koedijk, Wolfgang Koenig, Iikka Korhonen, Il Houng Lee, David Marsh, Juan Carlos Martinez Oliva, Jukka Pihlman, Herbert Poenisch, Alain Raes, Alfred Schipke, Anoop Singh, Wanda Sung-hwa Tseng, Wei Benhua, Nout Wellink, Joseph Chi-kwong Yam, Michael Zhang and Zhang Zhixiang(editado)
Peter Koenig: ¿Hacia un nuevo patrón oro? ¿O una guerra de divisas con China?
2020-10-13 IMI ( uséase, bendiciones y tal...)
Este artículo se publicó por primera vez en Global Research.
Peter Koenig es investigador asociado del Centro de Investigación sobre Globalización.
Peter Koenig: Towards a New Gold Standard?
Or a Currency War with China?
| IMI
"Indeed, while western economies are struggling keeping afloat,
China is preparing to launch a new international currency, the digital, gold-backed, possibly crypto-RMB as an international payment and reserve currency, completely outside the dollar-dominated SWIFT system. The new digital RMB money is currently tested in several Chinese cities with positive results". "These are good reasons for the new digital RMB or yuan to grow fast as a primary trade and reserve asset for many countries. It will most likely far outrank Bitcoin, which is often heralded as a possibly the “new gold”, or reserve currency."
In line with the Great Reset announced by the World Economic Forum (WEF) and, in parallel, the IMF prediction of the Great Transformation (see this
IMF and WEF – From Great Lockdown to Great Transformation. The el bichito Aftermath - Global Research and this
el bichito-19: The Great Reset – Revisited. Scary Threats, Rewards for Obedience... - Global Research),
a kind of currency revolution might be initiated, possibly introducing a major instrument for launching the Great Reset, alias Transformation.
As a hypothesis, Washington could instruct the IMF to return to some kind of a gold standard. It could take the form of a digital SDR-type currency basket intended to replace the dollar and the emerging digital yuan / RMB as trading and reserve currency.
The current composition of the SDR contains the five major international forex currencies, US dollar (41.73%), euro (30.93%), yuan (10.92%), yen (8.33%), and British pound (8.09%). Although the yuan is vastly undervalued, especially as compared with the US-dollar and the euro,
the yuan is finally present in the basket since 2017 and has thereby become an official international exchange and reserve asset.
...The respective weights in the SDR basket have last been set in 2016 and are valid for 5 years, meaning they are up for renegotiation and readjustment in 2021.
Continuing with the hypothesis of the new gold standard, it might well be that in the hypothetical new SDR-like currency gold would take a prominent role, one that overshadows the weakness of the US dollar. However, as was the case with the 1944 gold-standard, Washington-FED would insist on the value of gold in the basket being linked to the dollar – which would de facto disproportionately increase the weight of the dollar in the basket."