Archive for the ‘Dollar’ Category

Asian De-Dollarization Explodes: South Korean Renminbi Deposits Surge 55-Fold in a Year

aa-China - renminbi The signs are clearly all there. Everyone realizes that the present system is on its way out and are taking appropriate measures. The Germans, the French, the Brits, the Canadians, the Koreans. http://www.zerohedge.com/news/2014-10-09/asian-de-dollarization-explodes-south-korean-renminbi-deposits-surge-55-fold-year


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The U.S. Gold Hoard, China, Greenspan and Fiat Money

aa-Alan Greenspan - 7-22-05 So the markets are rigged. How come nobody is making a point of this? They are all in bed together and they are all in bed to scr*w ‘we the people’ by keeping their phony fiat currencies. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/3_Celente_-_The_US_Gold_Hoard,_China,_Greenspan_%26_Fiat_Money.html


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Saudis to Reject U.S. Dollar for Oil Payments

aa-dollar - reverse w pyramid and eye The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference. The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in Yuan. When the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent. Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West. The Crash Heard Round the World is coming. The USDollar will be rejected, and replaced by the Gold Trade Standard. http://www.silverdoctors.com/jim-willie-the-crash-heard-round-the-world-saudis-to-reject-usd-for-oil-payments/


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The World’s Plan to Leave the Dollar Behind

aa-dollar - collapsing like titanic Within the past 5 years, the Yuan has gone from being used in about 3% of the world’s trade settlement, to nearly 20%! Through currency swaps, trade agreements, vast gold reserves, and the boldness of conviction to seize their futures, the world is ensuring that a more fair, and equitable system of trade and lending will soon exist. The isolation of the condemned, 1,000 story-building known as the U.S. dollar, is now in full-swing, only the demolition stage remains. This financial war between East and West, between Washington/London and BRICS is coming to a head, but the world, it seems, holds most of the important cards now. The BRICS have given plenty of advance warning that this building, the U.S. dollar, is going to be demolished. Whether you decide to evacuate the USD from here on is entirely on you, and you alone will bear the results of the decisions you make right now. http://www.silverdoctors.com/supreme-excellence-pt-5-the-worlds-plan-to-leave-the-dollar-behind/


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‘Supreme Excellence?’ Pt. 4: What You Weren’t Told About the Iraq War

aa-petro dollar Once You’re In Our Dollar System, You Can’t “Just Leave” It. The world literally has a gun to its head, as the petro-dollar is a currency based upon forcing others to take the debt we’re offering them, and is backed, not by gold, but by the largest military in the world. There are key lessons the world has taken from Iraq & Egypt’s attempts to leave the petro-dollar system: 1) If they’re ever to have a future without the “Sword of Damocles”(the U.S. dollar) hanging over their heads, their preparation must be vast and largely secret. 2) The nations doing so must be allied, as no one can “go it alone” against these people. 3) Perhaps most importantly though, every mechanism of the plan has to be executed flawlessly and carefully. It cannot be rushed or done hastily. There’s only one shot to get this right, and it has to be perfect. The good news is that, against all odds, there is just such a world alliance that has finally arisen to challenge the U.S. petro-dollar, and the monstrous global empire that it has enabled. http://www.silverdoctors.com/supreme-excellence-pt-4-what-you-werent-told-about-the-iraq-war/#more-46675


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Are the Dollar and Equities Ready to Crash?

aa-dollar - falling like dominos The Fed hasn’t made the world a better place with its interventions. It has created moral hazard, encouraged the formation of asset bubbles that eventually pop (leaving economic messes), widened the wealth inequality gap to record levels, discouraged savings and investment, severely penalized retirees on fixed incomes, encouraged spending, funded massive government deficit spending by monetizing the debts, lengthened the recession and likely reduced the number of jobs that would have been created if the economy had been allowed to take its normal course. Eventually the Fed’s policy interventions will also have created debilitating, widespread consumer inflation, the “cruelest tax” against the poor and middle classes. http://batr.org/negotium/082014.html


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And the Next Country to Join the Renminbi Fan Club Is

aa-China - renminbi A few years ago, the definition of “strong banking” was Switzerland; today, however, Switzerland’s reputation for banking is nowhere near where it once was. But eager to restore some of its former banking luster, Switzerland has taken note of this and is rapidly positioning itself to become a major center of European RMB trade. Continuing to believe that the dollar is going to maintain its global reserve status is now not only foolish, but financially hazardous. To countries, businesses and individuals. Those who ignore the trend do so at their own peril. http://www.silverdoctors.com/and-the-next-country-to-join-the-renminbi-fan-club-is/


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Ron Paul Warns: The Dollar Collapse is Close, End Stage Will Go Rapidly

aa-dollar - Washington w hands on his head Ron Paul warns that ”The Federal Reserve’s global hegemony is crumbling. The lines are being drawn by the new BRICS banks, and we as a people need to prepare for the coming banking collapse.”
We’re closer to that point where there may be a precipitous fall (in the dollar). The dollar has already lost 99% of its value, what if you lose the rest of it or 100%- that’s a big deal. If you look at all the currency destructions around the world, the end stages go rapidly.” http://www.silverdoctors.com/ron-paul-warns-the-dollar-collapse-is-close-end-stage-will-go-rapidly/


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The Rise of the Petroyuan and the Slow Erosion of Dollar Hegemony

aa-dollar - falling like dominos For seventy years, one of the critical foundations of American power has been the dollar’s standing as the world’s most important currency. For the last forty years, a pillar of dollar primacy has been the greenback’s dominant role in international energy markets. Today, China is leveraging its rise as an economic power, and as the most important incremental market for hydrocarbon exporters in the Persian Gulf and the former Soviet Union to circumscribe dollar dominance in global energy – with potentially profound ramifications for America’s strategic position. http://original.antiwar.com/Leveretts/2014/08/04/the-rise-of-the-petroyuan-and-the-slowerosion-of-dollarhegemony/#.U-Dj_qd8sgk.email


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The Development of the Eastern Gold Trade Standard

aa-dollar - collapsing like titanic The contributors are many as actors in the American Tragedy, to cause the systemic breakdown failed state. Faulty monetary policy, economic policy, and political policy have caused the resulting failure. The primary perpetrators are the central bankers, led by Greenspan and Bernanke. Refusal to repatriate German gold was a crime out of the gate. The motive was to conceal the appropriation (re-hypothecation) of German official gold accounts. The Germans are on notice of gold thefts by their own allies. Germany will work with the Eastern superpowers to develop a dollar alternative and a Gold Trade Standard. The United States has given the world two choices: war to defend the dollar, versus work with Eastern Alliance toward the Gold Standard.
The motive for actions taken are clearly in defense of the King Dollar Regime. The responses taken are clearly to reinstate the Gold Trade Standard and no longer deal with a toxic U.S. dollar for trade and banking. The unintended consequences are uniform if not universal. The outcome will be to develop the Eastern Gold Trade Standard while the entire Western system crumbles, deteriorates, sinks, and implodes. http://www.silverdoctors.com/jim-willie-the-gold-crime-out-of-the-gate-forces-development-of-the-eastern-gold-trade-standard/


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When You See This Happen, You’ll Know It’s Game Over for the Dollar

aa-dollar - falling like dominos Today, 70 years after Bretton Woods, leaders from China, Russia, India, Brazil, South Africa, and several other nations are hard at work in Fortaleza, Brazil creating a new development bank that will compete against the U.S.-controlled World Bank. This is a major step in an obvious trend towards a new financial system. Every shred of objective data is screaming for this to happen. Within the next 2-3 years we’ll start seeing trade settlement in renminbi, even when none of the parties are in China. http://www.silverdoctors.com/when-you-see-this-happen-youll-know-its-game-over-for-the-dollar-i-give-it-2-3-years/


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Emerging Nations Plan Their Own World Bank, IMF

aa-BRICS nation leaders Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund. Brazil, Russia, India, China and South Africa —the so-called BRICS countries — are seeking “alternatives to the existing world order,” said Harold Trinkunas, director of the Latin America Initiative at the Brookings Institution. http://finance.yahoo.com/News/emerging-nations-plan-own-world-191407045.html?soc_src=mediacontentstory


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The Deteriorating Economic Outlook

aa-Uncle Sam - you cant handle the truth very fat uncle sam Massive money creation and huge fiscal deficits have protected the balance sheets of “banks too big to fail” but have harmed the American people. Retirees and pension funds have been deprived for years of interest income as the Federal Reserve engineered zero or negative interest rates for the sake of a handful of oversized banks. The extraordinary creation of new dollars diluted the dollars held by peoples, companies, institutions, and central banks throughout the world, raising fears that the dollar would lose exchange value and its role as world reserve currency. Washington’s use of financial sanctions to force other countries to bend to Washington’s will is causing countries to leave the dollar payments system. Russian President Vladimir Putin’s advisor has said that the dollar must be crashed as the only way to prevent US aggression. The Chinese have called for “de-americanizing the world.” http://www.paulcraigroberts.org/2014/07/08/deteriorating-economic-outlook/


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The Almighty Dollar is in Peril as the Global ‘De-Dollarization’ Trend Accelerates

aa-dollar - Washington w hands on his head As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade. http://theeconomiccollapseblog.com/archives/the-almighty-dollar-is-in-peril-as-the-global-de-dollarization-trend-accelerates


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Putin Advisor Proposes ‘Anti-Dollar Alliance’ to Halt U.S. Aggression Abroad

China's Yuan Hits New Record High Against The Dollar Unsurprisingly, Sergey Glazyev believes that the main role in the creation of such a political coalition is to be played by the European business community because America’s attempts to ignite a war in Europe and a cold war against Russia are threatening the interests of big European business. Judging by the recent efforts to stop the sanctions against Russia, made by the German, French, Italian and Austrian business leaders, Putin’s aide is right in his assessment. Somewhat surprisingly for Washington, the war for Ukraine may soon become the war for Europe’s independence from the U.S. and a war against the dollar. http://www.zerohedge.com/news/2014-06-18/putin-advisor-proposes-anti-dollar-alliance-halt-us-foreign-aggression


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Russia is Abandoning the Dollar

aa-dollar - Washington w hands on his head The Russians are actually making a move against the petrodollar. It appears that they are quite serious about their de-dollarization strategy. The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros. And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom. There hasn’t been a word about this from the big mainstream news networks in the United States, but this is HUGE. What we are witnessing right now is just a turning point, and adds to the “perfect storm” that is starting to brew for the U.S. economy. http://www.silverdoctors.com/putin-is-doing-it-russia-is-actually-abandoning-the-dollar/


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The Madness of Crowds and the Great Insanity

aa-American Dream - good cartoon The masses are being plundered on a scale which is inconceivable and unmatched in history; it is the source of the middle classes dying in the developed world. The developed world has become a well-disguised plantation of serfs and slaves. They are given nothing to store and save their labor in as the currency they hold are printed endlessly and have no reserves to back them and are redeemable in NOTHING, contrary to every sound currency in history. Modern day money is nothing less than a wealth confiscation scheme run by morally and fiscally bankrupt central banks and governments against their own citizens. http://www.zerohedge.com/news/2014-06-07/madness-crowds-and-great-insanity


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Global War Has Begun, Russia/China Alliance Will Destroy the U.S. Dollar

aa-Russia China Why the yuan is destined to replace the U.S. dollar as reserve currency, and why the quickly growing Russian/Chinese alliance will destroy the U.S. dollar. http://www.silverdoctors.com/jim-willie-global-war-has-begun-russiachina-alliance-will-destroy-the-us-dollar/


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Germany Preparing Gold-Backed Nordic Euro

aa-euro - gold backed german one Europe is the grand prize. And it’s always been the grand prize. Well, due to NATO and World War II considerations, the United States is pretty much captured, colonized, integrated Europe. That’s about to change. I think Europe is going to turn its attention eastward. They have a parade of gold-backed currencies coming. It’s not just going to be the Russian Ruble or the Chinese Yuan. It will involve the Gulf Dinar, with the Saudis. I think it will involve the Nordic Euro. The Germans, with their friends the Dutch, the Austrians and the Finns, Finland…
They’re all ready. They’re just waiting for the moment. They’ve got a Nordic Euro, and they’ve got plans for gold backing. http://www.silverdoctors.com/jim-willie-germany-preparing-gold-backed-nordic-euro/


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BRICS 80 Preparing to Take Down the Dollar

aa-dollar - collapsing like titanic Dr Jim Willie has been talking about the BRICS nations (Brazil, Russia, China, India and South Africa) being joined by other nations to take down the dollar. He says there are now 80 nations in the BRICS alliance who have joined together to end the dollar’s reign as the international reserve currency. China could have taken down the US economy any time it wanted to after it had accumulated more than a trillion dollars in US Treasury bonds. All it had to do was to sell them and buy real assets until the US government collapsed and surrendered. The Chinese are playing a much more sophisticated game. Their goal is to take down the dollar and the British pound but not to hurt their customers in Africa, Latin America, Australia and elsewhere. http://vidrebel.wordpress.com/2014/05/08/jim-willie-brics-80-preparing-to-take-down-the-dollar/


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Russia Declares War on U.S. Dollar

aa-dollar - funny satirical one As the West continues to unleash its anger against Russia’s recent military moves, Vladimir Putin has intensified his diplomatic efforts with a rising China. After a decade of talks, Mr. Putin is expected to announce a broad plan to export vast amounts of natural gas to China during an official state visit to China next month. If Mr. Putin can seal the deal it will be another major victory for the BRICS nations and will provide yet another nail into the coffin of the failing U.S. dollar. Of course, both sides are facing intense pressure from the West to abandon the deal. China, however, seems intent on pushing closer to Russia. Russia, in particular, is under the threat of more Western sanctions for its recent role in Ukraine. So too, Western sanctions are targeting Russia’s state-run energy company, Gazprom. Gazprom’s response to these sanctions shows just how close we are to the end of the petrodollar system. http://ftmdaily.com/daily-briefing/041414/


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Russian MPs Call for the End of the Petro-Dollar

aa-dollar - collapsing like titanic A group of Lower House MPs are urging Russian oil and gas producers and traders to stop using the U.S. dollar. They say this means sharing profits with the USA, and making Russia vulnerable to western sanctions. “The dollar is evil. It is a dirty green paper stained with blood of hundreds of thousands of civilian citizens of Japan, Serbia, Afghanistan, Iraq, Syria, Libya, Korea and Vietnam,” one of the authors of the motion, Mikhail Degtyaryov of the conservative nationalist party LDPR said in an interview with Izvestia daily. Degtyaryov also said that Russia already had a bilateral agreement with China allowing payment in national currencies and this proved that such step was possible. http://www.silverdoctors.com/russian-mps-call-for-end-of-petro-dollar-the-dollar-is-evil-dirty-green-paper-stained-with-blood/


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The Gold Standard is Returning

aa-gold - coins and bars The Gold Standard will return, not in bank transfer platforms or currency trading platforms, but in peer-to-peer transactions made in settlement. The world demands a new payment system, an alternative to the deeply flawed U.S. dollar-centric current system. Even effective viable barter systems are to emerge. It is coming. It will shake the world. http://www.silverdoctors.com/jim-willie-gold-standard-will-return-it-is-coming-it-will-shake-the-world/


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Central Planners Have Taken the World to the Brink

aa-Depression 2.0 - uncle sam as beggar good one You had a 10-year Great Depression, followed by a horrific world war. And it took all of that so you could clear the decks and we could have the post World War II expansion. But now, despite the fact that I thought extreme stupidity set up the Great Depression, we have exceeded that stupidity dramatically in our generation and what we’ve done. The amount of leverage that’s been built into this system, and is now amplified with derivatives, dwarfs anything that went on in the Roaring ‘20s. Consequently, when this thing comes to a catastrophic end, how long will it take to work it out this time? So I understand that these guys will move Heaven and Earth to keep this system going as long as possible, but as I said, I don’t think it’s going to work. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/31_Central_Planners_Have_Taken_The_World_To_The_Brink.html


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Ukraine is the Waterloo Event for the U.S. Dollar

aa-dollar - Washington w hands on his head The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian government funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a U.S. paper tiger, sure to cause horrific backlash. It involves the last gasp attempt to obstruct the Gazprom energy pipelines, which will inevitably corner the European market in monopoly. It involves subterfuge with the NATO card with missiles placed on the Russian borders. Look for NATO members to find a back door to exit the spurious treaty. It involves playing with nitro-glycerine in the Petro-Dollar room. It involves putting tremendous risk for much more clear isolation of the United States. The more the U.S. government pushes, the more the U.S. will be isolated. In Ukraine, the United States has over-played its weak hand. http://www.silverdoctors.com/jim-willie-ukraine-is-the-waterloo-event-for-the-us-dollar/


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The U.S. is Like a Ship With No Lifeboats (Full of Suicidal Bankers)

aa-gold - good one A rising price of gold does not devalue the dollar, because there is no official link between gold and the dollar. The world’s monetary and financial systems have no link to gold. Gold can be any price without causing any effect upon those systems. We have seen gold at $1900 dollars per ounce, and things were running just as they were when gold was $300 dollars per ounce. However, the rising price of gold is a huge embarrassment to the US government not because it devalues the dollar (it does not do this) but because it provokes a loss of confidence in the dollar. When the dollar is seen as falling in value against gold, its fall causes investors to exchange dollars and other currencies for gold as a means of protecting wealth. The rising price of gold is a blot on the prestige of the U.S. dollar and the prestige of the US itself. The price of gold in dollars is therefore under strict government control. This fact, once derided as ridiculous, is increasingly accepted as truth by those interested in monetary matters around the world. The means for controlling the price of gold lies in the massive sales of “paper gold” which take place to suppress its price, as so many investigators have amply documented. U.S. monetary policy considers that the dollar is here to stay forever, and that gold is no longer – and never again will be – the world’s ultimate money. http://www.theburningplatform.com/2014/03/29/debunking-the-gutting-of-military-storyline/


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Russia to Create Own National Payment System in ‘Bid to Reduce Dependence on the West’

aa-Russia and US struggle The more the West attempts to “isolate” Russia and pushes it away from its “core values” and of course the U.S. dollar, the more Russia will seek the safety of a non-dollar based system. We have previously described how Putin has been scrambling to enmesh Russia in tight bilateral commodity-based trade with both China and India, and now it is Russia’s turn to announce it would seek its own “national payment settlement system” following last week’s surprising and unmandated service halts by both Visa and MasterCard, which as Vladimir Putin said earlier today, will be a “bid to reduce economic dependence on the West.” http://www.zerohedge.com/news/2014-03-27/russia-create-own-national-payment-system-bid-reduce-dependence-west


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Ukraine the Waterloo Event for the U.S. Dollar?

aa-dollar - collapsing like titanic The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian Govt funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a US Paper Tiger, sure to cause horrific backlash. It involves the last gasp attempt to obstruct the Gazprom energy pipelines, which will inevitably corner the European market in monopoly. It involves subterfuge with the NATO card (aka Narcotics And Treachery Outlaws) with missiles placed on the Russian borders. Look for NATO members to find a back door to exit the spurious treaty. It involves playing with nitro-glycerine in the Petro-Dollar room. It involves putting tremendous risk for much more clear isolation of the United States. The more the USGovt pushes, the more the US will be isolated. Remember that Nazis steal from their enemy states, de-fraud from their allied states, and force themselves into an isolated state. In Ukraine, the United States has over-played its weak hand. Already, a secret document was leaked in London that the UKGovt would not support the US-led sanctions against Russia. http://www.silverdoctors.com/jim-willie-ukraine-is-the-waterloo-event-for-the-us-dollar/


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Seismic Waves of Destruction Coming for the U.S. Dollar

aa-dollar - Washington w hands on his head On the financial front, the seismic waves of destruction for the US Dollar are coming more fast and furiously. From Cyprus, to German repatriation, to LIBORgate, etc. How much longer can’t be accurately forecast, but things are certainly heating up. China’s financial system is on edge, but their gold reserves (15,000 tons) will enable them to crater their paper system, along with the dollar, thereby putting them in charge of the resulting gold-based economic system. If it sounds scary, that’s because it is. http://www.silverdoctors.com/jim-willie-seismic-waves-of-destruction-coming-for-the-us-dollar/


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The Global Currency Reset Looms

aa-dollar - funny satirical one Many are key events that indicated with growing clarity a pathway toward destruction. With great regret, the conclusion has been inescapable that it has been far more intentional than the great majority of American citizens realize. No firm documents, or project details, or focused agendas, or formal lists, or anything of substance is in Jackass possession. Just a brain, eyes, ears, experience, and the ability to process information with a unique perspective not easily deceived or distracted. Follow the sequence for an interesting if not intrigue-filled brief ride. http://www.silverdoctors.com/jim-willie-we-are-well-past-the-11th-hour-the-global-currency-reset-looms/


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Top Adviser to the Chinese Government Calls For a ‘Global Currency’ to Replace the U.S. Dollar

China's Yuan Hits New Record High Against The Dollar The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency. Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system. And considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the U.S. government has been going into debt, it is hard to argue with his logic. Why would anyone want to trust the United States to continue to run things after how badly we have abused our position? The United States has greatly benefited from having the de facto reserve currency of the planet for the past several decades, but now that era is coming to an end. In fact, the central bank of China has already announced that it will no longer be stockpiling more U.S. dollars. The rest of the world is getting tired of playing our game. Our debt is wildly out of control and we are creating money as if there was no tomorrow. As the rest of the world starts moving away from the U.S. dollar, global power is going to shift even more to the East, and that is going to have very serious consequences for ordinary Americans. http://www.silverdoctors.com/top-adviser-to-the-chinese-government-calls-for-a-global-currency-to-replace-the-u-s-dollar/


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The Birth of the New Third World Dollar

aa-dollar - funny satirical one The solution within the global currency reset is the launch of the new American Dollar, for its own usage, no longer a global reserve currency. The United States is fast racking up characteristics of a Third World nation. Its finances are Third World. Its president is Third World. Its banking integrity is Third World. Its absent industry is Third World. Its decaying cities are Third World. It urgently begs for a Third World currency, but that is soon to be remedied. The nation has been a freeloader on the global reserve currency for too long.
That is about to end. http://www.silverdoctors.com/jim-willie-the-birth-of-the-new-3rd-world-dollar/


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Economists Predicts Hyperinflation Begins This Year

aa-dollar - bags of Despite the rosy scenario touted by administration flacks, Williams said an economic recovery is nowhere to be found. “The consumer is in trouble,” he confirmed. “There is nothing happening to turn the economy around.” As a result, he said, our debt-holders around the world might soon start shedding some of the $12 trillion currently outstanding. “We’re dependent on the rest of the world continuing to go along with us and continue to support the dollar,” he warned. “That’s not going to happen.” http://soundmoneyinstitute.org/economists-predicts-hyperinflation-begins-year/?utm_source=Sound+Money+Institute&utm_campaign=cdfd7089b9-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_7263f39047-cdfd7089b9-73138701


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Quantitative Easing: Hazardous to Your Retirement

The Fed, through ZIRP and QE, has created trillions of dollars of benefits for the financial industry and much of that benefit has been created at the expense of government pension plans and individuals who depend upon interest earnings. This has a direct and negative consequence to many retirement plans, especially city and state public pensions. It is especially destructive to those individuals who depend upon interest earnings to fund their cost of living. http://www.silverdoctors.com/quantitative-easing-hazardous-to-your-retirement/


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The Dying Dollar

As the dollar enters its death throes, the lawless Federal Reserve and the Wall Street criminals will increase their shorting of gold in the paper futures market, thereby driving the remnants of the West’s gold into Asian hands. http://www.paulcraigroberts.org/2013/11/22/dying-dollar-paul-craig-roberts/


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China Getting Closer to Pulling the Plug on the Dollar

have been thinking for quite some time – dating back to 2003, to be exact – that China’s end game, “check mate” move would be to eventually eliminate the dollar from its trade activities and roll out a new currency that would be backed by gold. At the same time China would implement a huge revaluation of gold in yuan terms in order to establish the necessary market value of its gold hoard to create an effective backing of the new currency. Now, of course, it won’t happen exactly like this but in order to envision how a global currency reset will occur we need to think along those lines. However the mechanism is effected, the result will be a massive devaluation of the dollar. This is something that we all know is an inevitable event and that the natural forces of the market would eventually enforce, but something that the U.S. elitists have been deferring by means of insidious political and military-based coercion. And in order for it occur it will likely require that China tosses a straw on the camel’s back in order to help the natural market forces override the U.S. repression of them. http://www.silverdoctors.com/china-is-getting-closer-to-pulling-the-plug-on-the-dollar/


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The Coming Global Currency Reset Will Double Gold Overnight

The deviant behavior is with the Anglo enforcers though. They cannot dictate geopolitical criminality on a unilateral basis. They cannot oppose other methods between two independent nation parties for conducting trade. They cannot obstruct commerce like with natural gas pipelines and expect to remain unopposed, to escape without oil on their hands. The United States and Great Britain have become rogue leaders in defense of increasingly fascist regimes and financial systems. As a result of the hostile monetary war, the U.S. Dollar and its U.S. T-Bond vehicle are facing not simply opposition, but broad-based earnest organized initiatives to avoid them. Not to wreck them, but rather the goal is to replace them in workarounds. http://www.silverdoctors.com/jim-willie-gold-fever-coming-global-currency-reset-will-feature-an-overnight-double-in-the-gold-price/


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Gold’s Resurrection From the Looming Financial Disaster

The central bank concept is the Matrix in embodiment, but the Eastern nations led by BRICS and G-20 have a key to unlock the U.S. dollar prison. http://www.silverdoctors.com/jim-willie-gold-resurrection-from-financial-disaster/


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Preparing for the Big One

Global markets are already revolting against the $US. The End Game for the $US is THE BIG ONE for which we aim to help Investors prepare. The really BIG ONE announced October 10, 2013 was not the Republican Proposal to lift The Debt Ceiling for six weeks, though that was an important constructive step to attempt to resolve the Administration’s partial Government Shutdown. THE BIG ONE was the European Central Bank’s agreement with the People’s Bank of China to establish bilateral Euro-Yuan Currency Swap arrangements, thus freezing the U.S. Dollar out of yet another Bilateral Sovereign Currency Swap Deal. This will, sooner rather than later, have catastrophic impact on the International Financial System. http://www.silverdoctors.com/deepcaster-preparing-for-the-big-one/


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Flash Trading Hits U.S. Treasury Bonds

The US Treasury Bond market breakdown is in progress, all part of the general US Dollar global rejection that is taking the world by storm. Of course, residents inside the US Dome do not notice, since they only perceive it as the native currency. From conversations with common folk, discussions with investor types, and general observations for over 20 years, the Jackass belief is that only 5% to 10% of Americans are aware that the US Dollar serves as a global financial instrument in contracts, the basis for trade settlement (mostly crude oil), with some extremely important consequences. A major development has begun, much like a metabolic life support system in concert with the Interest Rate Swap derivative contract. For two years or more, the US Treasury Bond market has been deeply dependent upon artificial demand derived from the derivatives. Entire bond rallies have been fabricated with 50:1 leverage, fully supported by the financial network propaganda. Without derivative flying buttress support, the giant US TBond Tower would have collapsed a couple of years ago. Now a new support system has been begun, a dangerous musical chairs long entrenched in the stock market. It has entered the bond market finally. Flash Trading!! http://www.silverdoctors.com/jim-willie-flash-trading-hits-ustreasury-bonds/


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First Nations to Depart the Dollar Will be the Survivors of the Coming Collapse

Dr. Willie goes on to say, “The U.S. is in an indefensible position, both with war and monetary policy.” All the QE, or money printing by the Fed, has the world on edge and outraged. Dr. Willie explains, “This is abuse of credit card by the United States. We run deficits and then say screw you all. You can just buy Treasury bonds because you have to.” According to Dr. Willie, the rest of the world is tired of the money printing by the Fed and wants to use a new currency to escape the coming global inflation of a dollar that can quickly lose its buying power. Dr. Willie says, “This is financial survival. Nations need to depart from the dollar, and the first ones that do will be the survivors, and lost ones will enter the third world.” As far as Syria, Dr. Willie says it’s not about chemical weapons, but about pipelines and our adversaries gaining economic advantage. http://www.silverdoctors.com/jim-willie-first-nations-to-depart-the-dollar-will-be-the-survivors-of-the-coming-collapse/


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Credit Outbids Cash = Resource Wars

Creating credit is the same as printing money when interest rates are zero. If I borrow $1 billion at 0% from the Federal Reserve (because I’m a Too Big to Fail bank, for example), it is functionally equivalent to printing $1 billion in cash currency because the credit costs nothing. Let’s say there is a .25% interest rate cost and printing cash also costs .25%. The carrying costs of both are trivial. As a result, those with access to cheap credit have the equivalent of a printing press. http://www.zerohedge.com/news/2013-08-09/guest-post-credit-outbids-cash-resource-wars


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U.S. T-Bond: Return to Sender

The Bernanke Fed is realizing they are stuck in the monetary corner with no exit. They began to mention the need for an exit in the spring months of 2009. That is when the 0% official rate should have been abandoned. Here we are four years later, and they are still stuck with no exit, precisely as the Jackass warned, forecasted, and screamed in print. The division within the U.S. Fed is becoming a regular story. Only the half-blind governors on the once august Board refuse to admit that U.S. economic growth is a mirage. The brave governors have been more bold in recent months, taking a stance against the charlatan Bernanke, explaining the intractable position. The chairman has ably proved that liquidity cannot solve the current banking and financial problems mired in insolvency. In doing so, Bernanke has disproved his own Ph.D. in economics dissertation, and has discredited his own lofty credentials with a Princeton seal. He is a sham, a Weimar agent, and a destroyer of capital. The hopelessly devoted paper mache craftsman is stuck in the Matrix. http://silverdoctors.com/jim-willie-ustbond-return-to-sender/


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Washington Signals Deep Concerns Over Dollar

A perfect storm has been prepared for America. Real interest rates are negative, but debt and money are being created hand over foot. The dollar’s demise awaits the world’s decision how to get out of it. The Federal Reserve can print dollars with which to keep the bond and stock markets high, but the Federal Reserve cannot print foreign currencies with which to keep the dollar afloat. When the dollar goes, Washington’s power goes, which is why the bullion market is rigged. Protect the power. That is the agenda. Is it another Washington over-reach? http://www.paulcraigroberts.org/2013/05/18/washington-signals-dollar-deep-concerns-paul-craig-roberts/


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The ZIRP Death Knell

The official 0% rate signals a death knell to the national financial foundation and economic vibrancy, the climax event slow in its pathogenesis following the departure from the Gold Standard in 1971. The official 0% FedFunds rate (call it 25 basis points, no matter) is a direct signal of terminal illness for the entire capitalist structures within both the United States and its Western partners who stupidly or helplessly follow its lead. http://silverdoctors.com/jim-willie-zirp-the-death-knell/


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U.S. Dollar — Surrounded and Check-Mated

An unstoppable sequence of events has been put into motion finally. The pressure has been building for months. Some themes are plainly evident, except to those who wear rose colored glasses in the U.S. Dome of Perception. http://silverdoctors.com/jim-willies-most-important-article-ever-usdollar-ring-fenced-checkmate/


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Gold and the Dollar

I’ve written about this before, but I want to emphasize this again. I’ve been asked to name one future situation that I’m most certain of. My answer is this – I believe the surest situation (change) in America’s future is a decline, even a drastic decline, in our standard of living. We’ve spent it, we’ve spent what we didn’t have. And somewhere ahead, probably much sooner than we think, will come pay-back time. And it won’t be pretty. Why do I warn about payback time? My answer is that there is no free lunch or free dinner. Really? But Americans have been stuffing themselves with free lunches and free dinners ever since World War II. How could they do that? Here in the U.S. we have been able to keep our standard of living high because of one reason. The fact is that we have been spending more than we have taken in ever since 1946. And in doing so, we have built up huge deficits and debts. How was it possible to do this? It’s been possible because we possess one “magical” advantage. The U.S. possesses the world’s reserve currency. For years the U.S. dollar was considered “as good as gold.” Consequently, the world accepted our dollars by the multi-billions. Happily the U.S. dollar has been the world’s reserve currency for decades. The reason our standard of living has been as high as it has – is that we have been able to buy any amount of food and merchandise with our dollars. The secret of our exalted standard of living is that our creditors have been accepting our dollars all along – until now. The reason I have predicted that our standard of living is headed for a great fall is because the world is starting to back away from the U.S. dollar. The dollar has not been holding its purchasing power, and the world knows it. The central banks of the world and many nations including China (our biggest creditor) are now in the process of cutting down on their dollar exposure. http://lewrockwell.com/orig12/russell-r33.1.html


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Fair Money

Don’t let anyone fool you. Our money today is backed. It is backed by collateral security and that collateral multiplies with deposits under the present debt-money and fractional-reserve system as money is multiplied with the money multiplier. The more we borrow the more we stand to loose when deflation forces default. The more the banking system multipliers loaned money with the reserves created by new money put in a bank — the more banks gain leans on our assets, securities, equity or whatever else in addition to our own personal surety the lender will accept. New money put in a bank — instead of transfer of deposits from one checking account to another. The loan is the bargain with the devil. https://therebel.org/eastman/593514-fair-money


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Survivor of Mexican Peso Devaluation: Read the Writing on the Wall, Extricate Yourselves From Your U.S. Dollar Positions

In light of the recent events in Cyprus, where the banks will reportedly remain closed at least through March 26th and the likelihood that Cyprus will exit the Eurozone, re-institute the Cypriot pound and devalue the currency is growing by the minute, we thought it apropos to republish LRS’ first hand account and experiences recognizing, surviving, and even profiting from the devaluation of the Mexican Peso in the late 1970′s. For those unfamiliar with the account of the 1976 Mexican Peso devaluation (and anyone who has not experienced a currency devaluation first-hand), this is an absolute must read as while the Cypriots may be the first, they will undoubtedly not be the last to devalue their currency before the global financial debt crisis is over. http://www.silverdoctors.com/survivor-of-mexican-peso-devaluation-read-the-writing-on-the-wall-extricate-yourselves-from-your-us-dollar-positions/


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The Savings Class is Being Wiped Out Globally

For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don’t know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history. I own the dollar, not because I have any confidence in the dollar and not because it’s sound – it’s a terribly flawed currency – but I expect more currency turmoil, more financial turmoil. During periods like that, people, for whatever reason, flee to the U.S. dollar as a safe haven. It is not a safe haven, but it is perceived that way by some people. http://lewrockwell.com/rogers-j/rogers-j181.html


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Historic Financial Collapse Coming

More than a crisis, it is more accurately described as a collapse of a corrupt inequitable monetary system, and a desperate defense by the major Western bankers to preserve their power over nations and their governments, alongside a vile vicious violent attempt by the United States to maintain its privilege as owner of the vast U.S. dollar counterfeit machinery, as controller of vast banking pillars of paper columns, and as commander of a vast military. The U.S. is about to fall into the Third World. http://www.silverdoctors.com/jim-willie-gritty-questions-on-the-historic-collapse/


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Currency Wars — Race to the Bottom

The lack of stability in fiscal confidence certainly abounds, but the schemes to paper over the mountain of liability obligations, develop at even a more rapid pace. The implied result of a real currency war is that nations are acting or defending their own national interests. The truth is that fiat currencies, designed to depreciate, benefits the moneychangers as the loss of purchasing power penalizes taxpayers and consumers. http://www.batr.org/negotium/022013.html


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Fever Pitched Currency War and U.S. Dollar Rejection in 2013

The opponents to financial hegemony have spent the last four years in planning a new order that can viably sustain the global trade system without a U.S. dollar at its central role. On one side, foreign nations must avoid the toxic effect of the asset bubble U.S. Treasury Bond as the core to their banking systems. On the other side, foreign nations must react to the accelerating threat to their national economies from both a uniform cost inflation effect and a rising currency effect that punishes strength, success, and prudence. The Competing Currency War has reached a new elevated fever pitch, with the major central banks delivering powerful damage to each other while defending themselves. http://www.silverdoctors.com/jim-willie-fever-pitched-currency-war-usdollar-rejection-in-2013/


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Massive Squeeze Coming As WGC Confirms Gold-Backed Yuan

The second thing I want to make KWN readers aware of is the report which was commissioned by the World Gold Council. This is an incredible document, especially coming from the World Gold Council because it’s basically saying that the Chinese are going to back their currency with gold. This would, in turn, displace the US dollar and make the Chinese yuan the world’s reserve currency. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/23_Massive_Squeeze_Coming_As_WGC_Confirms_Gold-Backed_Yuan.html


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The Coming Debt Limit Drama: Government Wins, We Lose

by Ron Paul. Last week President Obama bluntly warned Congress that he will not negotiate when it comes to raising the statutory debt limit. If Republicans attempt to use a debt ceiling vote to win concessions on spending from the White House, Mr. Obama threatens simply to raise the limit by executive order or other unilateral action. This is business as usual in Washington. Democrats literally do not believe we have a deficit and debt problem, and reliably propose greater borrowing and spending. Republicans talk a good game when it comes to government debt, but have no credibility to argue against deficits or abuses of executive power. Brinksmanship ensues, and ugly compromises are reached at the 11th hour. We all lose as the endless borrowing and money printing further erode our dollar and our economy. http://the-free-foundation.org/tst1-21-2013.html


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The Petro-Dollar Sunset

A Paradigm Shift is taking place, and the ASEAN-China summit gave proof positive in a seminal event of the vast changes in progress. The United States just suffered its worst humiliation ever as a nation on the Eastern global stage. It was exceeded only by the humiliation for a U.S. president personally. The story went uncovered by the lapdog inept U.S. press. The late November Asian summit meeting held in Phnom Penh included 15 Asian nations, which represent half the world’s population. They decided to form a Regional Comprehensive Economic Partnership that excludes the United States. The Asians are pushing to isolate the United States. Regard it as punishment for hegemony, or a reaction to prevent further capital drainage, or to protect from central bank abuse, or to wall off continued bond fraud export, or to defend against military aggression. Regard it as confirmation that China is the regional leader in Asia, even for military security. Regard it as a response to banker criminality, or simply for being totally full to the brim of American corruption and arrogance and abuse of position, led by creation of the U.S. dollar as an elaborate weapon and credit card whose balance is never to be repaid. Abuse of power and sponsored financial corruption will have extreme consequences in the reshaping of global commerce and banking. The U.S. will be isolated, so as to protect the rest of the world from its fascist exhibitions and deep manifestations. http://www.silverdoctors.com/jim-willie-the-coming-isolation-of-usdollar/


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putnamvt

"Regard it as a reaction to prevent further capital drainage, or to protect from central bank abuse, or to wall off continued bond fraud export, or to defend against military aggression."..."the lapdog press failed to cover"...... Uh, man up and just name the Jew.

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German Gold Repatriation is the Most Significant Gold Event in 50 Years, Beginning of the End of the U.S. Dollar As Reserve Currency

Charles De Gaulle was the first person in modern history to call the hand of the USA on its then obligation to convert French held dollar reserves into gold. I was a senior trader at the time. History will look back on this salvo fired across U.S. war financing as being the beginning of the end of the U.S. dollar as the reserve currency of choice. The reaction on the part of the U.S. was to cut the tie between the dollar and convertibility. This again raises the question of does the USA have fungible gold to the degree that is claimed without 3rd party audits or any viewing publicly whatsoever. http://www.silverdoctors.com/jim-sinclair-german-gold-repatriation-is-the-most-significant-gold-event-in-50-years-beginning-of-the-end-of-the-us-dollar-as-reserve-currency/


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$100 Bill Becomes the New $1 Bill

The amount of $100 bills being printed is to set to spike 100%. In the fiscal year ending in October 2012, the US Bureau of Engraving and Printing printed up 3 billion $100 notes, a record amount of production. A bit of the demand comes from sources like drug dealers, arm smugglers, tax cheaters and bribes. Still other demand is due to the fact that increasing amounts of US citizens are losing faith in government and/or the economy and are shunning traditional investment strategies. The lack of trust has resulted in a spike in gold bullion and precious demand, but, also, for $100 bills. http://silvervigilante.com/100-bill-becomes-the-new-1-bill/


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China and Russia are Acquiring Gold, Dumping U.S. Dollars

There is evidence that central banks in several regions of the World are building up their gold reserves. What is published are the official purchases. A large part of these Central Bank purchases of gold bullion are not disclosed. They are undertaken through third party contracting companies, with utmost discretion. U.S. dollar holdings and U.S. dollar denominated debt instruments are in effect being traded in for gold, which in turn puts pressure on the U.S. dollar. http://www.globalresearch.ca/central-banks-are-acquiring-gold-dumping-us-dollars/22672


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Central Banks Game Plan: One World Currency

Only those in total denial would claim that the world economies could grow their way out of the debt bubble. Mathematically, the rules of compound interest always destroy the purchasing value of fiat currencies. The era of zero interest rates will end. When the cost to finance debts reverts to normal levels, the bleeding will become a gusher. The world reserve currency status of Federal Reserve Notes will come under enormous pressure. As the central banks consolidate their control over international commerce and the economies of individual countries, the coin of the new realm will shift to a replacement for the U.S. Dollar. http://www.batr.org/negotium/102412.html


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Derivative Meltdown and Dollar Collapse

Nation states held hostage to financial manipulation are slaves to the central banks. With the demise of the Dollar, the fake debt obligations of the United States must be repudiated. Foreign states are prepared to sever their links to the Dollar reserve currency, by trading directly in the domestic currencies of other countries. Interacting commerce in Dollars with American companies will continue, but the yoke of Federal Reserve Notes legal tender will be rejected when the derivative meltdown explodes. http://www.batr.org/negotium/101712.html


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What Will Benefit From Global Recession? The U.S. Dollar

Many times what “should” happen does not happen. For example, global stock markets “should” decline as the global economy free-falls into recession, as global recession is not exactly an ideal scenario for rising corporate sales and profits or demand for commodities. Yet global markets are by and large rising significantly. Sometimes what “should” happen is simply being delayed. In other cases, some other dynamic is at work. Stock market bulls, for example, say the “other dynamic” is global money-printing by central banks, and this “easing” will power stocks higher even as sales and profits sag. Analysts who believe fundamentals eventually over-ride monetary manipulation believe the stock market decline has only been delayed, not banished. A similar tug-of-war is playing out between those who feel the U.S. dollar “should” decline in the years ahead and those who see the dollar strengthening significantly. http://www.zerohedge.com/news/2012-10-09/guest-post-what-will-benefit-global-recession-us-dollar


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China to Challenge U.S. Dollar Reserve Currency Status

China is actively taking steps to phase out the US dollar which will decrease volatility in oil and commodity prices and deride the ‘exorbitant privilege’ the USA commands as the issuer of the reserve currency at the centre of a post-war international financial architecture which is now failing. In 1971, U.S. Treasury Secretary John Connally said, “It’s our currency and your problem”. China is frustrated with what it sees as the US government’s mismanagement of the dollar, and is now actively promoting the cross-border use of its own currency, the yuan, or also called the renminbi, in trade and investment. http://maxkeiser.com/2012/10/04/china-to-challenge-us-dollar-reserve-currency-status/#more-54724


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Dollar Hegemony in the Empire of the Damned

The U.S. economy appears to be in terminal decline. The only way to prop it up is by lop-sided trade agreements or by waging war to secure additional markets and resources and to ensure the dollar remains the world reserve currency. Humankind is currently facing a number of serious problems. But, arguably, an empire in decline armed to the teeth with both conventional and nuclear weapons and trapped in a cycle of endless war in what must surely be a futile attempt to stave off ruin is the most serious issue of all. http://www.globalresearch.ca/dollar-hegemony-in-the-empire-of-the-damned/


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Death Knells for the U.S. Dollar

The bankers are determined to ruin the entire system in order to retain power, all while dispensing increasingly nonsensical dogma like from heretical high priests about the effectiveness of their solutions. Theirs is heresy built upon alchemy laced with arrogance, with no precedent of success in past history. http://www.silverdoctors.com/jim-willie-death-knells-for-the-usdollar/


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Petro Dollar Going the Way of the Dodo Bird as China Begins Selling Oil Using Yuan

The dollar’s death by a thousand cuts just sustained a few hundred proverbial slashes as China officially announced Thursday that the international banking and payment transfer system is ready for any nation in the world to begin accepting the Chinese Yuan as payment for oil. Combine the Chinese announcement with Thursday’s open-ended and unlimited quantitative easing announcement by the Fed and the dollar is dead. http://www.silverdoctors.com/petro-dollar-going-the-way-of-the-dodo-bird-as-china-begins-selling-oil-using-yuan/


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Fed Hints at Third Round of Quantitative Easing

During his Jackson Hole speech on Thursday, Fed boss Ben Bernanke said the privately owned bankster cartel “will provide additional policy accommodation as needed” and may engage in more so-called quantitative easing. The Fed has thus far squandered more than $2 trillion in quantitative easing and despite this the economy has slipped further into depression. http://www.infowars.com/fed-hints-at-third-round-of-quantitative-easing/


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CNBC: Are Fiat Currencies Headed For a Collapse?

The irony. Apparently CNBC’s ratings have fallen so far off the cliff (due to alternative financial blogs such as Zerohedge and SD) that they have been forced to resort to truthful financial reporting. The Central Banker/ sell-side propaganda arm known as CNBC has released an article warning investors that fiat currencies are headed for a collapse due to continued and escalating devaluation. Shockingly, CNBC even points out in the article that “Every single fiat currency in history has collapsed, this time will be no different.” With the typically MOPE-filled CNBC releasing articles discussing the inevitability of the collapse of global fiat currencies and a re-linking to gold, can the final devaluation of the dollar and its fiat cousins be far off? http://www.silverdoctors.com/cnbc-are-fiat-currencies-headed-for-a-collapse/


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Banker Brushfires Risk Jumps

Another jump in the banker brush fire might be the revelation that the big US banks are preparing for a Paradigm Shift. The Eastern nations are well along a path to settle trade outside the USDollar. The Chinese have arranged for bilateral currency swap agreements with a gaggle of nations, mostly from the East, but also Brazil in the West. Consider such agreements to be the foundation for barter systems coming into vogue. The key is their non-US$ nature. The entire loss of global trade settlement done in the US$ terms is being elevated in importance. Some day soon, it might become the majority of trade. The tipping point could come when over 50% in trade excluding crude oil is managed outside the US$ settlement. Later, like in a year or so, maybe a bigger tipping point could come with over 50% of all trade including crude oil being managed ouside the US$ sphere. The big banks must see the trend, unless they wear blinders, unless their arrogance is so thick, or unless they are so pre-occupied with other brush fires that they leave themselves vulnerable and unprepared. http://www.silverdoctors.com/jim-willie-banker-brushfires-risk-jumps/


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Why We Can All Kiss This Financial System Goodbye

The bottom line is we have a world which has been dominated by fiat currencies, and we are now experiencing the end, the final throes of that failed global experiment in a purely fiat money based system. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/22_Why_We_Can_All_Kiss_This_Financial_System_Goodbye.html


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Fiat Money Kills Productivity

Only a wilful and ideological Keynesian could ignore the salient detail: as soon as the USA left the gold exchange standard, total factor productivity began to dramatically stagnate. Coincidence? I don’t think so — a fundamental change in the nature of the money supply coincided almost exactly with a fundamental change to the shape of the nation’s economy. Is the simultaneous outgrowth in income inequality a coincidence too? http://www.zerohedge.com/news/guest-post-fiat-money-kills-productivity


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The Experiment Has Failed. Are You Ready?

It wasn’t all that long ago that money was actually made of something scarce– a real asset that couldn’t be conjured at will by an appointed bureaucrat. In time, money supplies grew to be controlled by governments and banking cartels in the form of worthless pieces of paper. Since then, it’s devolved further to strings of bits in a giant database; our money supply is nearly all digital. As my friend Tim Price characterizes it, what passes as ‘money’ today is merely an abstraction of an abstraction of the real thing. http://www.zerohedge.com/news/guest-post-experiment-has-failed-are-you-ready


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WhiteCargo

This article is fake. It's not legitimate because it doesn't say much about the U.S.A. The writer seems to think that the US and some country in a odd end corner of the world share the same economy. He would have known what the economy was like where ever he went by exchanging US money for foreign money. He uses Andy Warhol softesre to present his picture.

putnamvt

"Slavery" is a synonym for our indebtedness to the 'Reserve" Bank, and there aint nothing "Federal" about it.

putnamvt

Money used to be a medium of exchange, it's been transferred into an object of exchange. No use value, only an exchange value, only a utility of other things. That's how it was for every society known to history except one - ours (ZOG's)

308Winchester

Pure unbacked fiat money is ideal for any government. If California could print money they would. Why risk the anger of the government unions or the welfare class when you can just print. If Greece leaves the EU it will be to get the money-printing power back. And for a totalitarian government, the fiat money system has other benefits. Saving is pointless when inflation eats up the nest egg. Soon everyone buys into the idea that whatever taxes doesn't take should be spent immediately, with the government to take care of the future. Like little kids who rush out to spend their allowance as soon as Daddy hands it over. The trick is to keep the dollar degradation stable. If a panic occurs, hyperinflation results and that is not good. But as long as all governments/central banks collude in the same strategy, where will the currency traders go? Keep gold prices volatile and scary and the house of cards can't fall, can it?

yancey ames

I have to agree with Bobzilla. If they can't count to ten on their toes, how can they understand anything else? I chuckle when peole tell me I'm impacting peoples "thinking" with my essays. There are so few people left who can think about anything that what I write on any subject is just preaching to the choir.

Bobzilla

In a real (i.e. honest) monetary system there is no such thing as inflation. Prices essentially remain fixed (give or take a very little). In other words the tractor that you bought 15 years for say $10,000 would still cost you $10,000 to replace today. In addition, in an honest monetary system there is no need for "investing" your money. It is sufficient to simply put it in a bank and leave it their (if you get some interest on your deposit all the better); no need to risk your wealth on a roulette wheel, er, I mean a 401K. It is very disheartening to see so many Americans give their support to the existing Federal Reserve fiat system (and the status quo, in general). If you try and explain it to them they become indignant and accuse you of being Un-American. Not to be too tangential... Last week the people of North Dakota went to the polls to vote on whether or not to eliminate property-taxes. What a wonderful opportunity for the people of N. Dakota to rid themselves of what essentially amounts to government ownership of your property. No longer would someone who lives in N. Dakota have to worry about loosing their land or being evicted from their home for not being able to pay their property-tax. And what was the result? Overwhelming defeat. Nearly 80% of N. Dakota rejected the measure. The usual ignorant squawking was found in abundance. Everything from how Un-American it was for someone not to want to pay property tax, to how life as we know it would come to an end in N. Dakota. My God, how inane have we become as Americans when we would vote to retain property-taxes (then again, how stupid were we to institute them in the first place). There are about a gazillion ways for the people of N. Dakota to raise revenue to offset elimination of the property-tax but they just couldn't see it. They can't let go of the status quo, just as Americans can't seem to let go of the Federal Reserve or can't let go of the need for the IRS and the income tax. Which leads me to ask, is there a correlation between property-taxes and White Nationalism? That is, if the people of N. Dakota (or anywhere else) can't even bring themselves to the point of being able to eliminate property-taxes (or the Federal Reserve) could we ever in million years expect them to get on board the White Nationalism train?

putnamvt

So just what is backing up the jew reserve paper that magically reproduces itself independently of human intervention?

yancey ames

Scott: I'm afraid you are wrong. We currently produce no real goods but even if we did fiat money would be disastrous.The historial record is very clear: increasing the money supply depreciates the currency and makes it worthless. The claim that gold makes trade impossible because of "insuficient liquidity" is nonsense. Prices were a lot lower when I was a kid in the 1960's but people were far wealthier because money would buy something. Prices and wages both decline under a gold standard because more goods bidding against a fixed currency means the money becomes more valuable and one can buy more goods with fewer dollrs. In an inflationary economy, wages rise but less rapidly than prices. Everyone gets poorer under the illusion they are getting richer. It is the ratio between prices that controls; not the level of prices.

Scott Banks

The gold standard is no better cure than the disease. There is nothing at all wrong with fiat money. Any $1 bill, gold backed or not, is just a marker, that suggests ownership of $1 worth of everything up for sale in a country at any given moment. When the holder of the note decides what $1 worth of goods or services he wants to calim for his own, he hands over the marker and takes posession of the goods. The problem is that western societies are producing nothing but $1 bills. If we were producing things you could buy with fiat $1 bills there would be no problem.

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How the U.S. Dollar Will Be Replaced

Americans in particular are prone to reactionary dismissal when exposed to facts that disrupt their misconceptions. Our culture has experienced a particularly prosperous age, not necessarily free from all trouble, but generally spared from widespread mass tragedy for a generous length of time. This tends to breed within societies an overt and unreasonable expectation of ease. It generates apathy, and laziness. A crushing blubberous slothful cynicism subservient to the establishment and the status quo. Even the most striking of truths struggle to penetrate this smoky forcefield of duplicitous funk. http://www.zerohedge.com/news/guest-post-how-us-dollar-will-be-replaced


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So Long, U.S. Dollar

There’s a major shift under way, one the U.S. mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country’s importance in the world: the demise of the U.S. dollar as the world’s reserve currency. For decades the U.S. dollar has been absolutely dominant in international trade, especially in the oil markets. This role has created immense demand for U.S. dollars, and that international demand constitutes a huge part of the dollar’s valuation. Not only did the global-currency role add massive value to the dollar, it also created an almost endless pool of demand for U.S. Treasuries as countries around the world sought to maintain stores of petrodollars. The availability of all this credit, denominated in a dollar supported by nothing less than the entirety of global trade, enabled the American federal government to borrow without limit and spend with abandon. The dominance of the dollar gave the United States incredible power and influence around the world… but the times they are a-changing. As the world’s emerging economies gain ever more prominence, the U.S. is losing hold of its position as the world’s superpower. Many on the long list of nations that dislike America are pondering ways to reduce American influence in their affairs. Ditching the dollar is a very good start. http://www.caseyresearch.com/articles/so-long-us-dollar


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Preparing for a Lengthy and Unpredictable U.S. Dollar Crisis

A currency crisis that triggers an economic crisis — or vice versa — just feels like a bunch of wacky doom-and-gloom stuff. And it may well be. In the context of America’s legendary resilience and economic might, a catastrophic currency crisis seems almost unimaginable… But the time has arrived to begin imagining it…not because it is certain, but because it has become less unimaginable. The best way to defend against a currency crisis is as obvious as it is emotionally difficult: Don’t hold the currency that is hurtling toward a crisis. http://dailyreckoning.com/preparing-for-a-lengthy-and-unpredictable-us-dollar-crisis/


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What is the Consequence of Printing Money That Nobody Wants?

Stagflation– the utterly painful combination of stagnating growth and steep inflation that marked the 1970s– and will be the natural side effect of extended central bank quantitative easing during a period of widespread deleveraging. In other words, stagflation is the consequence of printing money that nobody wants. Moreover, an outbreak of serious stagflation will decimate conventionally managed debt and equity portfolios. And given that most people invest with the crowd, with conventional investments or conventionally managed portfolios, stagflation will wipe the savings and livelihoods from untold masses.  http://www.zerohedge.com/news/guest-post-what-consequence-printing-money-nobody-wants


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GOP Lawmaker Unveils New Effort to Rein in Fed

Congressman Kevin Brady

As scrutiny of the Federal Reserve System and public outrage over its actions continue to build, lawmakers on both sides of the aisle are working on proposals that would supposedly rein in the Fed or at least change the way it operates. And a new measure aims to tackle some of the issues head on. Joint Economic Committee Vice Chairman Rep. Kevin Brady (R-Texas, left) is preparing to introduce the latest effort to alter the nation’s monetary system in Congress later this week. Known as the “Sound Dollar Act,” the legislation would impose some major reforms on the way America’s powerful central bank does business. http://thenewamerican.com/economy/economics-mainmenu-44/11101-gop-lawmaker-unveils-new-effort-to-rein-in-fed


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Bills Proposed in More Than a Dozen States to Make Gold and Silver Legal Currency

U.S. politicians are rapidly losing faith in the dollar, with more than a dozen states proposing legislation to legalise gold and silver as a currency. Politicians in Colorado concerned about the nation’s financial stability are the latest to push a bill to legalise gold and silver coins as usable currency. http://www.dailymail.co.uk/news/article-2103977/Politicians-losing-faith-strength-dollar-propose-make-gold-silver-legal-currency.html


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Why the Dollar Will Fail

The State of the Union speech and GOP response neither accurately portray the true fiscal condition of the U.S., nor present a compelling narrative that speaks either to the realities of today or a future we might like to head towards. The U.S. is simply on a fiscally ruinous path, and neither party seems up to the task of laying out the story in a way that is mature, clear, and direct. No recovery has ever been possible from oil prices this high, nor with debt levels this extreme, and it is quite improbable to think that both conditions could be overcome with anything less than a completely clear-eyed view of the true nature of the predicament faced. http://www.zerohedge.com/news/guest-post-why-our-currency-will-fail


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A New Reserve Currency to Challenge the Dollar — What’s Really Going On in The Straits of Hormuz

I think the stand-off with Iran in the Straits of Hormuz over sanctions is as much to do with the moves to replace the dollar as anything else. The stand off is as much with China and its allies as it is specifically with Iran. The US is testing China’s nerve and the solidity of its network of bilateral currency settlement agreements. We are seeing military power deployed to counter economic power. I think the US will lose. Depending on the nature of its loss we could see a precipitate decline in the standing of the dollar as global reserve currency. 2012 could see the beginning of large scale defections from the dollar settlement currency. Which would in turn have massive, perhaps even catastrophic consequences for how the world perceives what is an acceptable level of debt for the US. What is acceptable when you have the global reserve currency is quite different from what is acceptable when you don’t. And the reverse is also true. If China can transform the netwrok of bilateral agreements which centre upon China and the Yuan, in to becoming accepted as a de facto reserve currency, then for those, like me, who wonder how China can possibly avoid a hard landing as its bad bank and property bubble deflates faster and faster, look no further. http://www.informationclearinghouse.info/article30190.htm


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Incredible14U

Myself i think that a return to the german deutchs mark, coming soon in a new leaner and meaner EU, will become the currency of choice. A Group of certain EU countries have a reported 10 000 Tonnes of Gold. Strong enough to back any currency that the German/Vatican/ECB elites choose as their currency.

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Tehran, Moscow Seek to Trade in National Currencies

Iranian President Mahmoud Ahmadinejad and his Russian counterpart Dmitry Medvedev in a phone conversation on Thursday emphasized on using national currencies in bilateral trade in a bid to give a boost to their economic ties. They also stressed on removing dollar from the two-way transactions, the Mehr news agency reported. http://www.tehrantimes.com/economy-and-business/94266-tehran-moscow-seek-to-trade-in-national-currencies


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What Have the Central Banks of the World Done Now?

Okay – so the Federal Reserve is loaning giant piles of cheap money to the European Central Bank. So where in the world does all of that money come from? As a CNBC article recently explained, all of this money is created right out of thin air by the Federal Reserve. Neither the dollars nor the Euros come from anywhere. They aren’t moved or debited from anywhere. They are invented right on the spot with a few taps on the key pad. And that’s all. There’s no printing press fired up to make new dollars or euros. This is sometimes called “fiat money.” But that makes it sound as if some command from a sovereign created the money. It’s really closer to “keyboard money,” since it is created by data entry in a computer. http://theeconomiccollapseblog.com/archives/what-have-the-central-banks-of-the-world-done-now


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European Debt Crisis Threatens the Dollar

by Ron Paul. The global economic situation is becoming more dire every day. Approximately half of all U.S. banks have significant exposure to the debt crisis in Europe. Much more dangerous for the U.S. taxpayer is the dollar’s status as reserve currency for the world, and the U.S. Federal Reserve’s status as the lender of last resort. http://poorrichards-blog.blogspot.com/2011/11/european-debt-crisis-threatens-dollar.html


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Dollar to Be ‘Discarded’ by World: China Rating Agency

The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating. The United States “should get a clear understanding that the continuous decline of the debt service capability will inevitably result in the outbreak of a sovereign debt crisis.” http://www.cnbc.com/id/44050325


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The Least Valuable Currencies in History

In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero. History has a message for us: No fiat currency has lasted forever. Eventually, they all fail. http://www.businessinsider.com/a-thousand-pictures-is-worth-one-word-2011-8


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An Economy Destroyed Thanks to Washington

The U.S. economy is in a deepening recession from which recovery is not possible, because American middle class jobs in manufacturing and professional services have been offshored and given to foreigners. U.S. GDP, consumer purchasing power, and tax base have been handed over to China, India, and Indonesia in order that Wall Street, shareholders, and corporate CEOs can earn more. When the goods and services produced offshore come back into America, they arrive as imports. The trade balance worsens, the U.S. dollar declines further in exchange value, and prices rise for Americans, whose incomes are stagnant or falling.This is economic destruction. It always occurs when an oligarchy seizes control of a government. The short-run profits of the powerful are maximized at the expense of the viability of the economy. http://www.informationclearinghouse.info/article28654.htm


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A Run on the U.S. Government

The U.S. government has no credibility in terms of restoring America. The government is living off its past reputation, like a once great entertainer grown tired and going through the motions. Under these conditions, trust in the dollar and all the other fiat currencies that are linked to the dollar will continue downwards. Unless there is a change in these conditions, someday there will be a run on the United States government. I see nothing that suggests a change in these conditions. http://lewrockwell.com/rozeff/rozeff359.html


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JamesinUSA

No doubt, what those in Washington do or don't do about the present fiscal crisis will never come close to being enough to get our countries economy back on track, and if by some chance they should find the will to actually take the necessary measures to substantially cut spending and reduce government, this will, in and of itself, ie, Greece, create social and economic havoc. If those in Washington should resort to small safe-gap measures and essentially pass the buck as they've done for years will only cause the situation to fester, and become even worse in the near future. So in other words, PREPARE FOR ALL HELL TO BREAK LOOSE! We all know what to do on a material level such as getting our fiscal houses in order, checking our guns and ammo, and stocking-up on essentials. But we also need to do is come together as 'Nationalist', on a political and spiritual level by joining the A3P, and by creating as many nationalist chapters, communities, and social connections as possible, so that in the event of all hell breaking loose, as I'm sure will be inevitable, we nationalist can mobilize locally, communicate nationally, and work together to minimize these future hardships for ourselves and our people. What we need now more than ever is, 'SOLIDARTY'!

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Mexican Government Successfully Sheds the U.S. Dollar from Its Economy

Mexico has always considered the U.S. dollar almost a secondary currency to their Peso as the fact that billions of U.S. dollars spent their way through the Mexican economy in 2009 and 2010 which speaks for itself, but sometimes even the best of friendships come to an end. The Mexican government in September 2010 enacted a new law which basically restricts the use of U.S. Dollars for almost all purchases inside of Mexico. http://www.thepeoplesvoice.org/TPV3/Voices.php/2011/02/03/mexican-government-successfully-sheds-th


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The Glorious Imperial Multicultural Empire’s Financial Position is Hopeless

A default or devaluation of the dollars is coming. http://www.321gold.com/editorials/russell/russell020211.html


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The U.S. and China Going In Opposite Directions

Whether it is the Obama Administration or any other we expect the change in attitude towards China by the U.S. as being one where both seek mutually beneficial policies. Despite the change in the fortunes of the two nations, there will be a desire to quietly adjust to the situation by both sides. And these adjustments will be huge. Just as Britain in the last century started as the number one world power and had to slip well down the ranks, so the U.S. will see the beginning of a similar process in the next couple of years. The greatest change in that process will be the shrinkage of the use of the U.S. dollar as the use of the yuan grows rapidly. http://www.gold-eagle.com/editorials_08/phillips011911.html


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Post Mortem for the World’s Reserve Currency

Maintaining [the dollar's] reserve status is the great imperative, because reserve status is the cornerstone upon which the empire rests. Lose that, and the whole superpower phenom begins to teeter. http://www.counterpunch.org/whitney12142010.html


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David K. Meller

A well made point! However, what took so long? The US Dollar should have LOST its reserve status relative to other currencies when President Nixon closed the Gold window to those other governments holding the US dollar as reserve in Aug.15. 1971! They have waited almost four decades to begin to do what ought to have been undertaken then, and what would have probably have been a sharp but rather short lived depression (when gold was 42.22/oz) will turn into a worldwide disaster with gold underpriced at its current level of almost $1400./oz! PEACE AND FREEDOM!!-David K. Meller

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The Stench of U.S. Economic Decay: Russia and China Dump the Dollar

On Thanksgiving eve the English language China Daily and People’s Daily Online reported that Russia and China have concluded an agreement to abandon the use of the US dollar in their bilateral trade and to use their own currencies in its place. The Russians and Chinese said that they had taken this step in order to insulate their economies from the risks that have undermined their confidence in the US dollar as a world reserve currency. As China has a large and growing supply of dollars from trade surpluses with which to conduct trade, China is signaling that she prefers Russian rubles and Brazilian reals to more US dollars. This is big news, especially for the news dead Thanksgiving holiday period, but I did not see it reported on Bloomberg, CNN, New York Times or anywhere in the US print or TV media. The ostrich’s head remains in the sand. http://www.infowars.com/the-stench-of-us-economic-decay-russia-and-china-dump-the-us-dollar/


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David K. Meller

Bathroom tissue is undeniably a useful commodity. Federal Reserve Notes, on the other hand, are becoming a primary example of the observation of the great Philosopher and Economist Ludwig von Mises that "Government can take a highly useful commodity such as paper, and by slapping some ink on it and calling it "money", eventually render it completely worthless"! PEACE AND FREEDOM!!-David K. Meller

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China and Russia Quit the Dollar

Premier Wen Jiabao shakes hands with his Russian counterpart Vladimir Putin on a visit to St. Petersburg on Tuesday.

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm


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Bobzilla

Hmmm,something tells me that this is a very important story that probably isn't getting as much attention as it should. My gut reaction to this news is that the beginning of the end for the U.S. dollar is here. Once the dollar loses its status as the world's reserve currency, the jig is up for the United States. What do you guys think? I am I making to much of this?

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China Scorns U.S. Funny-Money

Today, the name for debauching a nation’s currency is called “quantitative easing (QE),” but it’s still the same old fraud committed by financial flim-flam men. Washington is flooding financial markets with $600 billion of worthless dollars, hoping a rising tide of Monopoly money will somehow lift America out of recession. The Fed’s first QE effort was a fizzle. Welcome to QE2. In high finance, hope springs eternal. The U.S. government is stoking worldwide inflation in order to lower its outstanding debt by repaying creditors with depreciated dollars. The rest of the world is boiling angry at Washington. http://www.lewrockwell.com/margolis/margolis214.html


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Creation of Debt as the Basis For Growth

Since 1913 the basis for growth in America has been creation of debt out of thin air, a product of the privately owned Federal Reserve and a fractional banking system. It is considered prudent under such a system to lend nine times your underlying assets. Several years ago the figure was 70 and today it is still 40 times. Government and citizens purchase economic goods on credit. Government issues bonds and individuals borrow money. Today money is only a method of exchange; it is not longer a store of value, especially in an environment of zero interest rates. http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Creation_of_Debt_As_The_Basis_For_Growth


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