Cempaka Business and Economy: ASEAN+3’s $120b swap deal put in place

"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. …”

Tuesday, December 29, 2009

ASEAN+3’s $120b swap deal put in place

The Jakarta Post, Jakarta | Tue, 12/29/2009 8:30 AM

Finance Ministers and central bank governors from ASEAN+3 nations have officially signed an agreement to set up a US$120 billion currency swap fund under the Chiang Mai Initiative Multilateralization (CMIM).

Finance Ministry spokesman Harry Z. Soeratin said in a statement that the signing of the agreement was a follow-up to the preliminary deal by 10 Southeast Asian nations plus China, Japan and South Korea during the ASEAN+3 finance ministers’ meeting in Bali, in May.

The ministers then agreed to promote the CMIM to establish a regional financial arrangement to enhance the existing international facilities.

“The CMIM scheme will definitely strengthen economic capacity in the region in order to face a more challenging global economy in the future,” Harry said.

The scheme offers emergency balance support via bilateral swap arrangements (BSAs) for any member country hit by extreme devaluation and capital flight.

“This will address short-term liquidity difficulties in the region and supplement the existing international financial arrangements,” Harry said.

Under this agreement, any of the 13 countries has the right to swap its currency for US dollars up to a certain amount, starting effectively next year.

“The maximum amount of funds that can be swapped by a country is the fund it has contributed multiplied by a purchasing multiple number set for the particular nation,” Harry explained.

For example, Japan, which contributes the most to the CMIM with $38.4 billion or 32 percent of the total funds, gets a 0.5 purchasing multiple.

That means Japan can swap its yen up to only $19.2 billion.

Indonesia, with $4.77 billion of contribution to the CMIM (3.97 percent), gets a purchasing multiple of 2.5, meaning that Indonesia can swap rupiah up to $11.93 billion.

Japan, China and South Korea control 80 percent of the pooled funds while the remaining 20 percent are contributed by ASEAN countries.

Five ASEAN nations — Indonesia, Thailand, Malaysia, Singapore, and the Philippines — each contribute $4.77 billion or 3.97 percent. Vietnam pools $1 billion (0.83 percent), Cambodia $120 million (0.1 percent), Myanmar $60 million (0.05 percent), Brunei and the Lao PDR. $30 million (0.02 percent) each.

Apart from this regional swap agreement, Indonesia already signed arrangements with Japan for bilateral currency swap up to 1.5 trillion yen ($16.39 billion) in June.

Indonesia signed a similar arrangement with China in March amounting to $15 billion. (bbs)

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Tuesday, December 29, 2009

ASEAN+3’s $120b swap deal put in place

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