REPOST from 3-Jun-2014:
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David P. Crayford Comments On David Wilcock views on Global Collateral Accounts

Posted By: Lymerick Date: Tuesday, 3-Jun-2014 18:57:33

David Wilcock's Comments:

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=309361

READER I. SENDS OBSERVATION: It seems to me David Wilcock is making here a very significant comment, re the Collateral Accounts, and I quote: "Now it appears that the massive equity in the Collateral Accounts is going to be used to create an alternative financial system that will dwarf the IMF and World Bank in size, with the full backing of BRICS and other allies. This will be a gold and commodity-backed currency. Once people start using this for international trade instead of the dollar, it?s curtains for the FRN."I was wondering if David Crayford may wish to comment on this presumption on David Wilcock's part?

David P. Crayford Comments:

I don't think it is a presumption on the part of David Wilcock at all. As many people will already be aware, the ITC did submit a proposal for a new International Currency, some time ago. This proposal was a far more definitive proposal than that described within our Video Presentation - Financial Crisis - Part 2 - A proposed Solution (www.oitcvideo.com)

Initially there was no reaction to that proposal for a considerable time. Then we were approached and requested that we elaborate some specific points within the proposal, which we have now completed.

The basis of this proposal was to utilise the Collateral Accounts to support a New International Currency to replace the US Dollar.

Our proposal also opened the way to remove National Currencies and National Economies from the Market conditions as the present system involved far to much volatility which in turn causes instability within National economies. The proposal brought stability back into the game for every country and introduced flexible currency controls.

There was also a section within our proposal for creating a far better regulatory system around the Banking systems of the world. This would control the Banks and the products they offer, either to the market or to the public, and thus it is anticipated that we will never again see the catastrophic problems that existed with the "Derivatives CDO's and CSO's" that existed before, which in turn was another method the Banks developed for "Dumping" their problems into a naive International Market and thus destabilising the Banking system of many countries around the world.

The premise of our proposal was that "Currency" was a means of exchange, not a "commodity" whereby every country in the world held the legal right to control their own currency and economies with regulations to prevent restrictions or "under-handed" operations by Central Banks, or others, to destabilise economies, either singularly or multiple, as we all saw and some experienced in 1996/7 and later in 2007/8.

We are now aware of the fact that our proposals are being seriously considered as a suitable and viable alternative to the present monetary system. Whether our proposals will actually find their way to real daylight is unknown at this time, or whether some variation will develop from these proposals. We can only wait and see.

Having stated the above, I believe that the main point here is not what new financial system needs to be introduced, but that the old financial system can not be allowed to continue in its present form. The former of these should bring stability and common sense back to the financial systems of the world, whichever new system is developed and introduced. The latter of the above provides nothing for the people only pain and suffering in one way or another. At the same time it provides everything for the greedy Bankers, raping and pillaging everyone else.

The BRICS Nations are well aware of our proposals as same has been discussed with them, not only the proposals for a new International Financial and Economic system, but also the structure and financing of the BRICS Development Bank.

Thank you for the question from a Reader who shows attentiveness to what others write and then inquires independently to gain substantiation of the point. I wish there were more like you around the world.

Regards

David P. Crayford.