WhiteHat Auxiliaries Q & A Part 2

WhiteHat Auxiliaries Q & A  Part 2

04/02/2014

R L says:  April 1, 2014 at 5:03 pm  WHA, WH and OWoN – thank you once again for your dedication and support to all of us little minnows swimming in the big ocean of international affairs…

I appreciate that notwithstanding the stratospheric level of your daily involvement, you are nevertheless interested in knowing our thoughts and sentiments, and generously share such factual information which we literally have no other way of finding.

A few FC’s ago, you stated that you expected a significant signing in Hong Kong, which would trigger the GCR/RV. Understandably, the details/circumstances of this event were not up for discussion. Why I mention this here, is that it would imply that the “rumour-intel” from years ago, that the event would go from the “east to the west” might be correct.
~~~

  R L Continues:  Given the reports coming out now, specifically FC 114, the GCR appears to be imminent. My question goes to linking the Hong Kong signing with the comment in FC 114: “We will probably only come out at c10 EST so as to cover Mid States and then 07-00 is not too bad to West Coasters.

OMG we hear. No we won’t delay it more or the Europeans will take the lot. West Coasters you move it or lose it.”

Is it correct to understand this as the Europeans having knowledge of the GCR/RV before the USA? Also, might it be reasonable to assume that China will have knowledge of the GCR/RV before the Europeans? By China, I also mean other countries in that time zone band.

My second question is whether the WA will be able to extend the “heads up” (implied in FC 114 for the USA) to those of us in the far eastern time zone?

Thank you for your precious time and for the courtesy you show to all of us. If these questions are unanswerable at this time, I do understand.

whitehatauxiliaries says:  April 1, 2014 at 7:23 pm  Hello,  I really do not know the answers to your questions. I do not work at the top levels, and for me to presume and pinpoint the answers already given would be risking giving you my opinions taken as fact.

All I can say is simply stay in touch here. So many are on alert. So many are all over the world. If they see something, they will say something. Perhaps we should take that slogan away from DHS? A lot of good it did Edward Snowden, so perhaps we need to stay away from such slogans.

All we can do is post any information we are allowed to have from the top. The White Hats and their colleagues are trying their very best to help us all. My best advice is to let them do such, and we will be here to carry the message that they graciously have permitted us to have, directly from them, when appropriate.  Thank you!

m says:   April 1, 2014 at 7:00 pm  Thank you for all the updates, questions and comments are great too.

I know that the Prosperity programs are looped in with the WGS. Deliveries have always been a mystery, more so rumor…… I understand there is over 75 prosperity programs, will all of those be paid or just certain programs? Would like your opinion as you may squash a lot of false hoods.

I had inquired a few weeks ago in regards to Farm Claims, you mentioned you would try to ask.

If so please share any information you can, as you know there is rumors of those as well, such as the original 13 claimants will be the only one’s to get paid and that there was never a court case for farm claims.

That almost makes me laugh, having read those two rumors put together. But more specifically that there was never a Supreme Court for Farm Claims as proclaimed by a person that goes by a moniker Alice in Wonderland!!

Mr. BB I’m sure is ready for this to be over, as well WH, participants and the Elders.

Your response and your patience with all of us is Greatly APPRECIATED and Many thanks to ALL who are still fighting on the Front Lines for all of US.   thanks,  m

whitehatauxiliaries says:  April 1, 2014 at 7:16 pm  Hello,  I am not sure there are 75 of them. There could be. But I have no way to know that for sure. Many such “programs” were offered in the past and were outright scams sold as legitimate endeavors.

Many were legitimate and were pilfered by Bush cronies, as outlined in the White Hat reports. It’s a murky, unclear and not very well understood issue. These high level trade programs were/are highly political things.

I have attended court proceedings were federal prosecutors brought in “expert witnesses” from the Fed to testify that they do not exist, as they tried to jail someone for promoting them.

Yet, look at the White Hat reports. There is your proof that they DO exist. And, the do indeed. The area is shark infested, as OWoN has elaborated on.

I am sorry but I did not follow up on the farm claims does to my increasingly hectic schedule. I will try later. I hear a lot about them, but such things seem to come from the NESARA camp, and I do know for sure that NESARA is just a concept, and is not law or being worked on, or secretly being mapped out in a secret chamber in the White House.

All the paymasters are ready. They have worked very hard, and then some. Very few of us could have done their jobs. I know I could not have even come close.  Thank you.

m says: April 1, 2014 at 7:25 pm  I appreciate your quick response. If you can please verify that Omega and Farm Claim are included in the scheduled payout. A simple yes, will make my 20+ year wait well worth it.

whitehatauxiliaries says:  April 1, 2014 at 8:20 pm  Hello,  I am not sure about Farm Claims.

I have heard the Omega name mentioned from the mouths of persons that would not have said so had there been no good reason to.

I cannot say more. When the WGS is set loose, it all comes down the chute. It will be then that answers will be had. I am afraid no such firm information about these programs is available at this hour, except that activities designated as “prosperity programs” are on the lists for payout.  Thank you!

JohnF says:     April 2, 2014 at 1:04 am   I get the impression from earlier comments and your answers that both the dinar and dong will be released for exchange. What about other currencies? I’m specifically interested in the ZIM and would like to know if it will also be released as part of this initial exchange. thank you
       
    whitehatauxiliaries says:   April 2, 2014 at 7:51 am   There are 20 in total. We do not know which currencies other than the USD, IQD and VND. I have asked but such information was not given to me.

Once I ask and am told an answer, I do not press the point. I have to show respect for the process in order to be of service to all of you. I hope you understand. We will be told what we can be told at the right times.    Thank you!

VivVixxen says:   April 2, 2014 at 3:09 am  Though I have not posted on this site before, I have been following the blog for quite some time. I am without words sufficient to express my most sincere gratitude to the White Hats and their Auxiliaries.

Just when I had lost faith that people with ample credibility, integrity, knowledge, ability and testicular fortitude existed to see these events to their conclusion, a dear dear friend who possessed many of these qualities started this blog.

Thank you, Tony for your personal sacrifices you make to keep us all informed. That being said, I think I can speak for many of us here, that we wish you well, and want you to make sure that you are taking proper care of yourself so that you can continue your work.

To the most gracious WH contact that has provided the information, answers, and timely additional contacts to enable this blog to continue to provide each of us a renewed sense of hope and bewilderment at the complexity of the matter: Thank you for your efforts and willingness to share with us.

I remain in awe of each WH that continues to persevere for the interests of mankind. Every man, woman and child in our world is forever in your debt.

 Many of us will never know your names, but please know that those of us who are aware of your endeavors are continuously holding each of you in the highest regard. If there is any part that we can play to assist, please please please let us know. Many of us are not here just for personal gain.

 We ache for the damaged state of humanity, for our nations, and for our world. We are angered by the treacherous actions that have lead us to this state of great worldwide need.

Though many in this world will never know what you’ve done, I for one will share as much of your story as I know with my children, future grandchildren, and anyone else willing to listen so that your noble purpose will be appreciated for generations to come; and also in hopes that hindsight will provide the wisdom to keep eyes and ears open for future attempts at chicanery so that it can be exposed and quickly dispelled.

 whitehatauxiliaries says   April 2, 2014 at 7:52 am    Thank you, VV!   We need legions of people such as yourself.

James says:        April 2, 2014 at 3:26 am  WHA  No real question or anything, just a thank you to all involved and an observation that astounded me… only the other day on FC113 I posted about the timezone issue which I hadn’t heard mentioned at all before as it really could be an issue for many.

Then, the very next FC114 comes along and wow! We’re talking about timezones! The FC itself touched on it and now people are replying from all over the globe about it. It had long been a query in my mind but I only decided to bring it up the other day.

Perhaps it is a sign we are genuinely getting close now; people are starting to realise “oh hang on, where do I stand in the global queue?”. I guess it will be pot luck but I genuinely hope everyone gets a fair crack at the whip regardless of where they live. It would be so awful if somebody lost out because of the timezone lottery.

I have to say, like someone else has, the comment about “Europeans taking the lot” was a bit confusing as I thought the world would have the announcement together as one? If so, then the Europeans wouldn’t have any headstart surely?

Seems OWoN are saying that actually Europe will be in full swing cashing in by the time the Americans find out? Unless I read it wrong?

We live in an age where news travels instantly, but I do wonder who will make the global GCR announcement – will it be done per country by the leader, or will it be just internet news going viral, or will the WHA be the breaker… wow, I bet this thing all comes down different to what we all expect. Exciting though, and I am grateful. Already planning the charity!

whitehatauxiliaries says:  April 2, 2014 at 7:48 am  Hello,  I am never told in advance of a date. That is for the people in the trenches to determine based on their work and timetables as they coordinate all their efforts. None of these fine people are obligated to deliver dates to me, and I am fine with that.

It will proceed when all is done to their satisfaction. We will be given as much information as possible, when appropriate to release it. Our only task is to be prepared.  Thank you!

http://www.dinarrecaps.com/1/post/2014/04/whitehat-auxiliaries-q-a-part-21.html

http://www.theblaze.com/stories/2014/04/01/the-secretive-obamacare-study-that-may-reveal-how-many-previously-uninsured-americans-have-actually-paid-for-a-plan/

CAUGHT TELLING MORE LIES UPON LIES!!!!!

Secretive Obamacare Study Reportedly Reveals ‘Enrollment’ Numbers the White House Doesn’t Want to Talk About

Apr. 1, 2014 5:26pm Jason Howerton

As the White House and news headlines celebrate Obamacare “enrollment” hitting the 7 million mark, a secretive study from the RAND Corporation reportedly suggests as few as 858,000 previously insured Americans have actually paid for their new policies.
President Barack Obama announced an “enrollment” total of 7,041,000 on Tuesday during a press conference, heralding it as proof that the Affordable Care Act is successful and here to stay.
The White House has not provided answers to key questions about the numbers, including how many enrollees were previously insured, how many Americans have actually paid their first month’s premium or how many Americans have seen their costs increase.

President Barack Obama , accompanied by Vice President Joe Biden speaks about the Affordable Care Act, Tuesday, April 1, 2014, in the Rose Garden of the White House in Washington. (AP Photo/Manuel Balce Ceneta)
But numbers from the RAND Corporation study reportedly suggest just 23 percent of enrollees had no insurance previously. Further, the study reveals about just 53 percent of previously uninsured Americans have actually paid for their new plans.
“If those numbers hold, the actual net gain of paid policies among Americans who lacked medical insurance in the pre-Obamacare days would be just 858,298,” the Daily Mail reports.
It should be noted that the study has not been officially published and has only been reviewed by the Los Angeles Times.
When pressed on the lingering questions concerning the Obamacare figures on Monday, White House Press Secretary Jay Carney was elusive.

White House press secretary Jay Carney, wearing a Boston Red Sox baseball cap, begins the daily briefing at the White House in Washington, Tuesday, April 1, 2014. (AP Photo/Susan Walsh)
“What I can tell you is that we expect there to be a good mix of people who were previously uninsured who now have insurance,” he told reporters, adding that there are also a “significant number who now have qualified for Medicaid in those states that expanded Medicaid who will have insurance who didn’t have it before.”
The White House has also yet to release any of its official figures on how many Americans have actually paid their premiums under Obamacare.

(H/T: Forbes)

5 OBAMA AGENCIES SHUT THIS DOWN. WHY?

WHY ARE AMERICAN NEWS MEDIA NOT REPORTING THIS IMPORTANT INFORMATION FOR OUR HEALTH?  NO ONE is reporting it.

5 OBAMA AGENCIES SHUT THIS DOWN.  WHY? 

ZGoing out to Dinner/Grocery Shopping? You might want to take YOUR GEIGER Counter

or at least rent one from time to time.  It's YOUR PERSONAL SAFETY

READ::

http://thetruthwins.com/archives/school-science-project-reveals-high-levels-of-fukushima-nuclear-radiation-in-grocery-store-seafood

A Canadian high school student named Bronwyn Delacruz never imagined that her school science project would make headlines all over the world. But that is precisely what has happened. Using a $600 Geiger counter purchased by her father, Delacruz measured seafood bought at local grocery stores for radioactive contamination.

           NO MORE FISH/TUNA or other Pacific FISH in my food

YEAH! THEY DONT HAVE MONEY-HMMMM

Iraq Seeks $2 Billion Loan for Boeing Jets With Citi as Adviser

April 02, 2014

Iraq Seeks $2 Billion Loan for Boeing Jets With Citi as Adviser

Iraq will seek $2 billion in financing for some of the 40 jetliners it has on order from Boeing Co. (BA:US) as the Middle Eastern country recovering from years of warfare taps U.S. export credit for the first time.

A committee drawn from Iraq’s transport and finance ministries, Central Bank and Iraqi Airways, which will use the planes, will be formed tomorrow to negotiate the funding, Deputy Transport Minister Bangen Rekani said in a telephone interview.

Citigroup Inc. (C:US) will be invited next week to advise on the plan, Rekani said, with Iraq having relied on its status as the world’s fourth-largest oil exporter to fund the bulk of a Boeing deal worth $5 billion at current list prices. The Gulf nation ordered 30 737-800s in 2008, followed by 10 787-8 long-haul Dreamliners in 2009 and a single 777 in 2012, with three planes delivered to date and two more due in the next few weeks.

“We may delay some aircraft and make modifications on others,” Rekani said. “There’s a lot of discussion.”

The U.S. Export-Import Bank facility will be in the range of $1.5 billion to $2 billion, with the final amount depending on the agreed delivery schedule, he said, adding that he’s “cautiously optimistic” about securing a funding deal.

Though oil-rich, Iraq’s efforts to rebuild its economy 11 years after the U.S.-led invasion have been hobbled by political in-fighting and sectarian strife. Rekani said export credit offers the benefit of “guaranteeing payments and delivery” by avoiding budgetary delays as railways, ports and airports seek $50 billion in infrastructure upgrades.

Bombardier Deal

Government export credit agencies, which stepped in to finance aircraft purchases after the 2008 credit crisis froze capital markets, are generally paring budgets. Such funding was expected to amount to about 20 percent of the $104 billion total in 2013, Kostya Zolotusky, Boeing’s managing director of capital markets and leasing, said July 11.

Iraq’s Council of Ministers says on its website that the go-ahead has been given for initial talks on Citi acting as an intermediary between Iraqi Airways and U.S. Ex-Im Bank, without specifying the size of the required loan or a time-line.

Citibank looks forward to discussing the matter with appropriate Iraqi officials in due course, it said in an e-mailed response to questions.

Iraqi Airways also has a letter of intent to purchase five CS300 CSeries narrow-bodies from Bombardier Inc. (BBD/B) announced at November’s Dubai Airshow and worth $387 million at list prices, plus 11 options that would take the value to $1.26 billion.

“We need a lot of funds,” Rekani said. “We’re in a race to complete the maximum number of projects in a short time.”

source

at 6:46 PM

Labels: iraq and boeing, iraq loans

Going Global Headline News For Wednesday, April 2, 2014

*Iraq’s central bank plans to process 11 metric tons for public sale, and will import bars to sell to goldsmiths

Iraq's revenues from oil will rise to 300 billion dollars a year

Central Bank announces to contract for manufacturing of golden ingots

Iraq's Budget to the House of Representatives Tomorrow, Thursday, April 3rd 2014

Iraq's Budget and revived hopes for the possibility of an end to read in preparation for a vote next week

The Iraq government sent a law on the declaration of a state of emergency in the country to the House of Representatives

*Why Money is the Great Divider in Iraq, Not Religion

*Iraq and UK: Mr. Abdul-Mahdi receives trade envoy to the United Kingdom in Iraq

Fort Hood on lockdown amid active shooting, 1 reported dead

IMF's, Christine Lagarde - Global Economy Turning Corner of Great Recession, But Obstacles Ahead

ASEAN central banks to cooperate in implementing monetary policy

"Malaysia 370 is in Pakistan"- US General

Rejects: Reject the inclusion of the budget on the parliament agenda

Magnitude-8.0 quake strikes northern Chile

As NATO Prepares For War More False Flags Are On The Horizon -- Episode 329

IMF Reauthorizes Emergency Reserves - Borrowing Arrangements Extended for a Further Six-Month Period (September 2014)

New Economic World Order Is Nearing .. Russia, China, and Germany .. U.S. Better Wake Up

China's new “Iron Silk Roads" .. The Yuxinou railway connects EU (Germany) with Shanghai (which goes through Russia)

Massoud Barzani Meets With Middle East Institute (Washington) in Kurdistan, Monday, March 31, 2014

Syria says armed groups preparing chemical attack on Damascus

Kurds say oil exports on hold due to pipeline repairs

*Baghdad stopped the initiative to export 100,000 barrels to repair the North tube

Iraq in Crisis .. PDF Report - March 2014

Blockbuster Interview with Jim Garrow March 30, 2014 - Malaysian Airliner - World War - military coup against Obama - crisis in Ukraine

*Months after lifting Chapter 7 sanctions, Iraq takes deliver of its money from US (another source)

Central Bank Of Iraq Preparing To Take Over Iraq's Assets In U.S. After Months Of Lifting Chapter 7 Sanctions: protection of Iraqi funds ends May 22, 2014

The U.S. Should Ratify Its Agreement to IMF Reform

Russia: JP Morgan 'Illegally' Blocked Embassy Money Transfer

I LOVE THIS STORY! Pizza Delivery Man Gets His Own Shocking Special Delivery ..

*Iraq Parliament lifted its 15-day to Wednesday, April 2nd

Positive int'l assessment of Iraq's success in achieving monetary stability

Malaysia releases updated MH370 cockpit transcript, fueling speculation

EU agrees to launch military operation in Central African Republic

Selling Out - Fracking - U.S. and UK (The New Weapon to Combat Russia's Action in Ukraine)

Armenia and China central banks sign cooperation agreement

British, Chinese central banks signs MoU on RMB clearing, settlement in London

Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?

HOLLOW EARTH NETWORK

HOLLOW EARTH NETWORK www.HollowEarthNetwork.com Wednesday,  April 2, 2014     Anne DeHart Subscribe  to our free     Email Newlsetter! Click Here     DR. KATHRYN'S WEDNESDAY CALL! IN 10 MINUTES! Dr. Kathryn E May   Dr. May has been asked by Spirit to be "The Voice of Mother/Father God" Join this extraordinary opportunity to hear directly from MOTHER/FATHER GOD! and our BELOVED ST GERMAIN! (I'm guessing he will be here!) And GUESTS???? Always a Surprise! To Join Call Click Here!    www.blogtalkradio.com/channelpanel 5:00 PM Pacific  6:00 PM Mountain   7:00 PM Central   8:00 PM Eastern No Computer? (760) 683-2637 Q & A Listen Only: 1 424-203-8405 + 439724#  Your World Time? Click on the above call link. Your local time is posted! Hear today's Galactic Viewpoint of Our Globe in Ascension See you on the call! Love, Anne To Hear Replay? Allow time to store,  Then use same link as above

Christine LaGarde IMF - Today

: Link to: Christine LaGarde IMF - Today - Fast forward to 15 min. mark -

http://www.imf.org/external/mmedia/index.aspx# listen thru 18 plus minutes

=============================================================

Subject: CHRISTINE LEGARDE SLAMS THE UNITED STATES OF AMERICA

http://www.imf.org/external/mmedia/view.aspx?vid=3422777399001

==================================================================

Here is the text for those that would prefer to read it.

www.imf.org/external/np/speeches/2014/040214.htm

The Road to Sustainable Global Growth—the
Policy Agenda
By Christine Lagarde
Managing Director, International Monetary Fund
School of Advanced International Studies
Washington, DC, April 2, 2014
Webcast of the Speech Webcast

As Prepared for Delivery

Good morning. I would like to thank Provost Lieberman for his warm introduction. I am also appreciative of Dean Vali Nasr’s kind invitation to join you today. And I want to salute my friend and former IMF colleague, John Lipsky, who will be moderating today’s session.

I am delighted to be at SAIS, one of the world’s top learning institutions, with a faculty and student body renowned not only for their intellectual ability but also for their international commitment—which includes campuses on three continents. I understand that the school’s theme for this year is “Emerging Markets.” This seems most appropriate, since emerging market economies now account for the bulk of global growth.

Next week, Finance Ministers and Central Bank Governors of our 188 member countries— emerging markets, advanced economies and low-income countries—will gather in Washington for our Spring Meetings. Today, with this global audience at SAIS, let me give you a preview of our global policy agenda.

Strengthening International Cooperation is a Priority

I want to begin with what will be a priority issue. At a time when the world is still recovering from the Great Recession—and at a time when geopolitical tensions are rising—how can we strengthen the international cooperation that is key to addressing these challenges?

Certainly the global economy has stabilized since the onset of the financial crisis, but the recovery is too weak for comfort. Moreover, unless countries come together to take the right kind of policy measures, we could be facing years of slow and sub-par growth—well below the solid, sustainable growth that is needed to create enough jobs and improve living standards into the future.

This is not inevitable. As Aristotle wisely said: “We become just by performing just actions, temperate by performing temperate actions, and brave by performing brave actions.”

Now is the time for brave action.

The major G20 countries, at their meeting in Australia in February, recognized that the right policy actions by countries—and the right cooperation across countries—could raise world GDP by over 2 percent over the next 5 years.

This would place the global economy on a substantially different and better trajectory from today.

At that same meeting in Sydney, the IMF was asked to monitor country-specific plans and tasked with assessing possible “spillover” effects—how one country’s policy actions might affect others. With our global membership, technical expertise, and cross-country experience, the IMF is well placed to help.

We have been doing that for 70 years: after the Second World War, during the Asian and Latin American financial crises, and during the Great Recession. A more recent example is the assistance that we are proposing for Ukraine—and where IMF support will galvanize support from others.

It is international cooperation in action. It is the IMF in action.

Our role is generally well recognized. Consequently, almost our entire membership has approved a set of governance reforms aimed at strengthening our resources and better representing the changing dynamics amongst our shareholders.

The exception to this support, unfortunately, is the United States—our leading shareholder and a founding member. Just last week, legislation that would have brought these reforms into effect did not make it through the Congress. This is disappointing, but it is not the end of the story. We shall carry on.

The U.S. Administration has reiterated its commitment to see the reforms approved as soon as possible. The rest of our membership remains committed. And I am personally committed—because these reforms are good for the IMF, good for the U.S. economy, and good for the world.

So, international cooperation will be high on the agenda next week. What else?

Three broad topics:

(i) The state of the global economy: how is the growth engine running?

(ii) Short-term obstacles on the road ahead: how can they be navigated?

(iii) The medium-term horizon: how do we shift gears and get the global economy up to cruising speed—meaning stronger, more sustainable growth?

Let me discuss each of these.

1. State of the Global Economy

First, a quick check of the global economy. We will be releasing our new forecasts next week, so I will just touch on broad trends.

The global economy is turning the corner of the Great Recession, although overall growth remains too slow and weak. In 2013, global growth was about 3 percent; we project modest improvements in 2014 and 2015, although still remaining below past trends.

Economic activity in the advanced economies is improving, albeit at varying speeds. This is good news, because for the past 5 years the emerging market and developing economies have been shouldering the burden of recovery—accounting for 75 percent of the increase in global growth since 2009. The recovery is finally becoming a bit more balanced, in an overall economic landscape that has changed significantly.

In the advanced economies, growth is strongest in the United States, supported by robust private demand and an easing of the short-term fiscal brake. Even so, it will be critical to continue to carefully manage the gradual withdrawal of monetary support by the Fed, and to put in place a durable medium-term fiscal plan.

In the Euro Area, a modest recovery is taking hold—stronger in the core but weaker in the South. Encouraging steps have been taken recently to establish a banking union—which the IMF has been urging for some time. Implementing a common fiscal backstop remains key, as is the upcoming asset quality review of banks.

In Japan, the world's third largest economy, activity is seeing a boost from the monetary "arrow" of Abenomics. For growth to be sustained, the remaining two policy "arrows"—structural reforms and a concrete medium-term fiscal plan—also need to be comprehensively fired.

Activity in emerging market economies, which has been slowing, picked up slightly in the latter part of 2013—driven by stronger demand from advanced economies. Although tighter external financial conditions will be a drag on domestic demand, emerging Asia in particular will continue to be a bright spot, posting the world's highest growth rate of more than 6½ percent this year. China also will continue to be a key driver, albeit at a slower, more sustainable pace.

Many low-income countries too have been a bright spot. After Asia, Sub-Saharan Africa has been the most dynamic region in the world during the crisis, growing at around 5 percent per year on average. This should continue, although in several countries rapid debt accumulation and erosion of fiscal space will need to be watched.

Turning to the Arab Countries in Transition, their prospects are held back by the difficult socio-political context. Those countries striving to advance much-needed reforms deserve firm support from the international community.

So this is a snapshot of the global economy. I would summarize it this way:

A modest and fragile recovery is underway—and needs to change gears toward more rapid and sustainable growth.

2. Removing Obstacles to Short-run Growth

This takes us to my next topic: what short-term obstacles are emerging on the road to get there? I see three.

The first obstacle is in the advanced economies. There is the emerging risk of what I call "low-flation," particularly in the Euro Area. A potentially prolonged period of low inflation can suppress demand and output—and suppress growth and jobs. More monetary easing, including through unconventional measures, is needed in the Euro Area to raise the prospects of achieving the ECB's price stability objective. The Bank of Japan also should persist with its quantitative easing policy.

The second obstacle is in the emerging market economies. Corporate leverage has been rising, and there is a risk of heightened market volatility associated with the tapering of quantitative easing in the U.S. This is combined with a generally less benign external financial climate. What we saw from the recent bouts of market volatility is that countries with weaker fundamentals—larger domestic and external imbalances—are likely to be more affected. By the same token, strong policy responses by those economies are likely to be the best safeguard against turbulence.

Navigating the choppy waters of financial normalization will require a collaborative approach among all countries. That means building a shared understanding of the risks and the policy responses. It means cooperation among central banks and financial regulators to contain adverse policy “spillovers” and subsequent feedback to source countries—“spillbacks.” It also means, and as I have emphasized repeatedly, continued, clear communication among all central banks.

The third obstacle is the rise of geopolitical tensions, which could cloud the global economic outlook. The situation in Ukraine is one which, if not well managed, could have broader spillover implications. There are also other cases of geopolitical tension. Resolving them requires not only good policies, but good politics. Both are essential to enable the global economy to move into a higher gear.

3. Reaching Cruising Speed for Medium-term Growth

This brings me to my third and final topic—how do we reach cruising speed over the medium-term? How do we achieve higher quality, more sustainable growth that is more broadly shared?

We know that the costs of continued sluggish growth are high: modest income gains and meager reductions in unemployment and inequality. Indeed, the risk is that without sufficient policy ambition, the world could fall into a medium-term low growth trap. How can we avoid this?

We first need to fix problems that have been with us for some time during the crisis:

Unemployment—far too many people are still out of work, especially young people;
High levels of debt—meeting the challenge of fiscal consolidation while safeguarding growth; and
Financial uncertainty—completing the reforms necessary to place the global financial system on a sounder footing.

While some progress has been made on each of these, none has yet been overcome.

The economic, fiscal, and monetary policies that I have already mentioned are a big part of the solution. But with space for supportive policies narrowing in many countries, the role of structural reforms as a policy lever will increase.

What does that mean in practical terms? It means more and better-targeted investment, more labor market reforms, and more product market and services reforms.

First, public investment has taken a hit over the years in many countries; higher, well-prioritized investment would increase potential output and jobs. In Brazil, India, South Africa, and across the ASEAN countries, more public and private investment is essential to close infrastructure gaps. Investment to upgrade existing infrastructure networks is also needed in a number of the advanced economies—for instance, in Germany and the U.S.

Second, inclusive labor market reforms can go a long way in boosting potential growth. In countries with aging populations, increasing participation of underrepresented groups can help to keep them dynamic. In Korea, for example, measures to increase the participation of women and older workers should appreciably boost potential growth and more than offset the impact of aging. Recent IMF research has pointed out that, in many countries, increasing women’s participation in the workforce can be a powerful impetus to growth.

In countries with high levels of youth unemployment or informality, labor market reforms can be critical in avoiding a lost generation. In Mexico, for example, it is estimated that reforms to reduce hiring barriers in the formal sector could create nearly 400,000 new jobs annually.

Third, reforms to product markets and services can help break down vested interests, boost competition, and unleash huge growth and employment potential. This is the case not only in advanced economies such as Japan or Germany, but also in emerging market economies such as China.

Why? Because the innovation and productivity that underpin the services sector are the drivers of a modern economy. Think technology, communications, or finance. These, in turn, depend on effective, accountable and rules-based institutions.

That is why capacity building efforts are so important. That is also why capacity building is the largest service that the IMF provides today—in almost 90 percent of our 188 member countries, as diverse as Greece, Georgia and Guinea.

In Myanmar, for example, which I visited late last year, we are making a major effort to strengthen key areas of macroeconomic management as the country strives for reform. And through the IMF, the international community is coming together to help the country open up to the world.

All of which brings us back to where I began—on the role of the IMF and the importance of cooperation.

Conclusion

On that note, let me conclude.

In many ways, the world is at a critical juncture: emerging from the greatest financial crisis in almost a hundred years. Recovery is taking hold but is too slow and it faces several obstacles along the road. Bold policy steps can overcome these obstacles and take the global economy to the next level of more rapid and sustainable growth.

I have outlined a number of those steps today and they will be discussed further by our global membership next week. It is already clear that one policy step, above all, is key: a strengthening of international cooperation, a renewed commitment to multilateralism.

In our interconnected 21st century, no country can go it alone. National prosperity and global prosperity are linked; they depend, more than ever before, on our working together. The IMF is indispensable for this global cooperation.

Victor Hugo said: “Perseverance is the secret of all triumphs.”

The global economy is turning the corner—we need to persevere and push on together to complete the journey.

Thank you.

"The truth is that there is no Islamic army or terrorist group by the name al Qaeda, and any informed intelligence officer knows this.

    British Foreign Secretary, Robin Cook:

"The truth is that there is no Islamic army or terrorist group by the name al Qaeda, and any informed intelligence officer knows this.

But there is a propaganda campaign to make the public believe in the presence of an identified entity representing the Devil -- only in order to drive TV viewers to accept a unified international leadership for a war against terrorism.

The country behind this propaganda is the U.S.A."

http://www.veteranstoday.com/2014/03/06/aqasset/

FURIOUS PUTIN ORDERS "PROJECT DOUBLE EAGLE" TO DESTROY US, EU ECONOMIES

The Rumor Mill News Reading Room 

FURIOUS PUTIN ORDERS "PROJECT DOUBLE EAGLE" TO DESTROY US, EU ECONOMIES

Posted By: Seawitch [Send E-Mail]
Date: Wednesday, 2-Apr-2014 15:31:27

Furious Putin Orders “Project Double Eagle” To Destroy US, EU Economies By: Sorcha Faal In one of its most shocking reports since the beginning of the Ukrainian Crisis, the Ministry of Foreign Affairs (MoFA) is warning today that President Putin has ordered the immediate implementation of “Project Double Eagle,” which when fully realized will cause all global energy supplies to be purchased in gold thus, in effect, ending the US Dollar reign as the global reverse currency and collapsing both the United States and European Union economies. “Project Double Eagle,” this report says, calls for The Central Bank of the Russian Federation (CBR) to begin production of 5 Ruble Gold Coins containing .1244 Troy Ounces of .900 Pure Gold, with a diameter of 18mm, emblazoned with a shielded and crowned double eagle, and which will become the worlds alternative to both the US Dollar and Euro in purchasing energy supplies. Critical to note, this report continues, “Project Double Eagle” includes the creation of a new “national payment settlement system” which will allow Russia to build a foundation that could very soon offer an alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system and allow nations around the world the chance to move away from the American Dollar and US hegemony. The cause behind Putin’s “furious” reaction in ordering “Project Double Eagle” today, this report says, was the “illegal and absurd” blocking of a remittance from the Russian embassy in Astana, Kazakhstan, to Sogaz Insurance Group by the largest US bank, JPMorgan this week through SWIFT and which Foreign Ministry spokesman Aleksandr Lukashevich responded to by stating: “If by this the American financial company wanted to 'score points' in the eyes of the White House, it has obviously overplayed. Washington has to understand: any hostile action towards the Russian diplomatic mission not only represents a breach of the international law, but is also fraught with counter measures, which will inevitably affect the work of the US Embassy and consulates-general in Russia.” Aside from Putin’s implementation of “Project Double Eagle,” this report notes, he further ordered Sberbank, the largest bank in Russia and all of Eastern Europe, to halt the issuance of consumer loans in foreign currency, a move the highly influential American financial website Zero Hedge warned “[lit] the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome.” Important to note about SWIFT, this report says, is that it is the “glue” that holds the global monetary system to the US Dollar and that this “bank of central banks” works as the medium for currency exchanges, and has been the pivot point for global commodity and energy transactions tied to the reserve currency, but which a Russian system based on gold would “destroy in a fortnight.” Also to join Russia’s new gold-denominated global banking alternative to SWIFT, this report says, will be other BRICS nations (Brazil, India, China, and South Africa) that have unanimously and, in many ways, forcefully backed Russia’s position on Crimea against both the US and EU. With the US now having to pay it oligarchs 26% of its available tax revenues as interest payments, this report continues, and with the European Union now being warned it would cost them $215 billion to stop Russian gas imports, the CBR has been able to raise Russian gold holdings to over 1,040 tonnes showing its strength against Western central banks living on printed money alone. To sustain “Project Gold Eagle” against the inevitable US-EU backlash, this report notes, the Ministry of Natural Resources (MNR) is reporting that the Natalka Project has already begun production and is able to supply the CBR with an “endless supply” of gold to further the success of this new global currency for energy supply purchases. Note: Russia has the second largest gold reserves in the world at 12,500 tonnes (over 400 million ounces) and the Natalka Project, located in the Magadan region, is considered one of the largest gold deposits in the world and has 32 million ounces of proven and probable reserves and a total resource of 60Moz+ and began production this month. Most ominous in this report to mention, however, is its warning that the annexation of Crimea has become a “catch-all justification” for the US to escalate its military presence virtually anywhere even remotely close to Russia, and that NATO forces are planning massive buildups in the Caucus region nations of Armenia and Azerbaijan aimed at splitting Russia too. And to the absolute absurdity of US-NATO war propaganda against Russia in order to justify their troop buildups, this report concludes, none need look any further than NBC News, which earlier this week posted an article by their reporter, Jim Maceda, titled Tour of Ukraine-Russian Border Finds No Signs Of Military Buildup, but then turned around and today published one titled No Sign of Russian Troop Withdrawal From Ukraine Border. As to how Russia can “withdrawal” troops that aren’t even there NBC News won’t say, but neither does it expect any of its readers/viewers to notice their war-hype hypocrisy either it appears. Note: Additional articles to read explaining the Crisis In Ukraine include: Obama In Shock After US Oil Giant Sides With Putin; Declares “No Ukraine War”, Putin In “Fury” After Saudis Brand Obama Regime Terrorist Organization, Russia Warns Of American Deaths As Ukraine Crisis Spirals Out Of Control, Putin Orders Largest Air Defense Drill In History As War Fears Accelerate, Putin Orders Russian Troops And Ministries To Atomic Shelters Over NATO Threat Of War, 800,000 Ukrainian Refugees Flood Into Russia As Nazi Forces Continue Eastern March, Putin Sends Feared Shock Troops, Division Into Ukraine, Warns Obama Is “Unstable”, Putin Orders Military Alert To Defend Ukraine Against Western-Backed Fascists, Ukrainian Mob Call To “Kill All Jews” Horrifies Russia, Putin Orders Troops To Crimea Passes, Warns NATO Of War, Russian Threat Of War Over Ukraine Stuns Obama Regime, US In “Shock And Turmoil” After Snowden Info Lets Russia Tap Top Obama Officials April 2, 2014 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL. [Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.] LINK: http://www.whatdoesitmean.com/index1759.htm