GEAB N°75: Systemic Crisis 2013 – with Record Stock Exchange Highs, the Planet’s Imminent Plunge into Recession!
- GEAB N°75 is available! Systemic crisis 2013: with record stock exchange highs, the planet’s imminent plunge into recession!
by http://www.leap2020.eu/
Despite a feeling of relative calm given by both the media and the American and Japanese financial markets going from record to record, the world economy is slowing down badly and a widespread recession is looming. The various players are fully aware of it and, in the face of the challenges of an imminent collapse, countries or regions are putting various strategies in place to try and limit the consequences. Whilst some seem dictated by desperation or last chance solutions, others on the contrary bear witness to a real adaptation to the world’s current changes. And it’s no surprise that, in the first category, we find the “powers of the world before” which no longer have any real options.
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Layout of the full article :
1. World recession in sight
2. The banks’ doubtful business
3. Tax haven all hell
4. Neo-protectionism between regional blocs
5. Emerging nations’ strategy in gold
6. The Fed’s last bullets
7. Euroland : national unity governments and the ECB to the rescue
8. High risk strategies
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This public announcement contains chapters 1, 2 and 5.
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World recession in sight
In fact several signals show that a reversal in the economic situation is imminent. Indeed the term “reversal” isn’t very fitting since the real economy has never really recovered from the 2008 shock: it is, therefore, rather a worsening which we will see.
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There is no shortage of indices for that. Europe is already in recession. Exports from China, often considered “the workshop of the world”, are falling heavily (see chart below) and the benchmark signals are contracting or slowing down dangerously (1) with, additionally, a major credit bubble (2).
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Australia, which gives a good indication of the world economy’s health due to its exposure to raw materials, is struggling (3). Consumers are also marking time. US wholesale (4) and retail sales are on the decline.
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The majority of US benchmark indices are swinging into the red, for example the Chicago PMI index (5), as well as the Goldman Sachs global index (see chart below).
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In short, a world recession is on the horizon (6). To protect themselves from its impact, the different players, beginning with the banks, use different strategies which we will now analyse.
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The bank’s doubtful businessIt goes without saying that the financial sector is hardly a model of transparency. But with JP Morgan or Bank of America which “miraculously” succeeded in not having a single day of first quarter trading losses (7), or further, JP Morgan’s gold reserves which have mysteriously emptied (8) whereas by a strange coincidence we saw a crash in the gold price in mid-April, without even mentioning the variety of manipulations effected by the top-tier banks, first and foremost JP Morgan (9) and others as well (10); these shady operations going increasingly unnoticed.
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Nevertheless, all the banks know that a new storm is on the horizon and are using all the means at their disposal (more or less legal) to shelter themselves, and anything goes, including between the banks themselves. It’s in this light that it’s necessary to look at the various banks’ amazing first quarter balance sheets making it possible to draw in investors, or at least to defer the debacle, or the mid-April crash in the gold price clearly caused by one or more of these financial institutions.
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These rough battles in the middle of a full economic upheaval will leave their mark and the weakest or most affected banks will not come through the storm undamaged, especially as the financial centres are now facing a new adversary, countries themselves.
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read more!
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Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical !

Consumers cram in a gold jewellery shop in Nanjing, capital of east China’s Jiangsu Province, April 18, 2013. Gold jewellery shops through China have lowered price of gold jewellery due to the consecutive decline of gold price global markets recently, which boost sales in these shops. (Xinhua)
- Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical !
by Tyler Durden, www.zerohedge.com
We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the “more stable investor base” is increasing. The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a “frenzied” surge in demand. The customers are not just the ‘rich’ or ‘elderly’; in China “they tend to wear water shoes and come directly from the market…;” in Australia, “the volume of business… is way in excess of double what we did last week,… there’s been people running through the gate,” and Japanese individual investors doubled gold purchases yesterday at Tokuriki Honten, the country’s second-largest retailer of the precious metal. The panic selling by a weaker ‘imminent inflation-based’ investor base has sparked physical shortages – “there’s been significant sales made as people see this as great value.” It seems our previous discussions of a rotation from paper to physical were correct and this physical demand will eventually leak back into the paper markets.
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Australia (via The Age):
Gold sales from Perth Mint, which refines nearly all of the nation’s bullion, have surged after prices plunged, adding to signs that the metal’s slump to a two-year low is spurring increased demand.
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“The volume of business that we’re putting through is way in excess of double what we did last week,” Treasurer Nigel Moffatt said, without giving precise figures. “There’s been people running through the gate.”
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“There’s been significant sales made as people see this as great value,” Mr Moffatt said. “Gold owners are very reactive to significant market movements.”
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The Perth Mint’s sales of gold coins climbed 49 per cent to 97,541 ounces in the three months ended March 31 from a year earlier
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China (via China News):
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read more!
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Lindsey Williams: The New World Order is in It’s Final Formation! The Coming Collapse of ALL Currencies!
- Broadcast on 6 May 2013, End Time Talk Radio show!
http://www.lindseywilliams.net/
Lindsey Williams on End Time Talk Radio speaking with Barry Meyer in May 2013. Pastor Williams discusses the latest information from his elite friend. The New World Order is in it’s final formation and the Elite are working toward a date for the collapse of ALL currencies. Events SIMILAR to Cyprus are planned for nation after nation. Pastor Williams’ Elite friend gave him numerous personal warnings concerning his own family.
end
RBA Sucked into an Undeclared Currency War! South Korea Latest to Cut Interest Rates!
- South Korea Is the Latest to Cut Interest Rates!
by BETTINA WASSENER, http://www.nytimes.com/
HONG KONG — The South Korean central bank surprised analysts on Thursday by trimming interest rates by a quarter of a percentage point — the latest central bank to cut rates in the face of tepid growth.
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Australia, Europe and India have all lowered borrowing costs this month in a bid to oil the wheels of faltering economic activity.
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The euro zone is still haunted by its festering debt crisis, while in Asia, the giant Chinese economy is in the midst of a major transition that entails slower growth driven more by domestic demand. In addition, economists have said the constant saber-rattling from North Korea may take a toll on sentiment.
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In trimming rates to their lowest level since early 2011 — the cut took the base rate to 2.5 percent — the central bank in Seoul joined growth-bolstering efforts by the government, which on Tuesday signed off on plans for billions of dollars’ worth of additional stimulus spending to prime the economic pump.
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The “sluggishness of economic activities in the euro area” has deepened, the Bank of Korea said in a statement accompanying its rate decision, while economic indicators in emerging-market countries like China “have been weaker than initially anticipated.”
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For South Korea, the weakening of the currency in Japan, whose companies are major competitors to South Korean exporters in many areas, adds to the pain of an already tough trade environment. The yen has fallen sharply against major currencies, including the South Korean won, in the wake of efforts by the Japanese government and central bank this year to combat persistent deflation and reinvigorate growth.
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read more!
- - RBA sucked into an undeclared currency war!
by Alan Kohler, http://www.abc.net.au/news/thedrum/
Australia’s domestic economic conditions do not, in aggregate, justify a rate cut but the currency does, writes Alan Kohler.
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With a resigned sigh, Reserve Bank governor Glenn Stevens has been forced by Mario Draghi and Shinzo Abe to get out his trusty popgun and join the currency wars.
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Cannons are booming across oceans – interest rates at zero, cash ordnance pouring into the financial system. “Take that,” squeaks the RBA, popping the cash rate by 0.25 per cent to 2.75 per cent.
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The other factor forcing its hand is the deposit wars among the Australian banks, which has kept both deposit and lending rates relatively high and muted the effect of monetary policy.
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It has nothing to do with the economy being in the same swamp it was the last two times that interest rates were this low, in 2009 and 1960. It is, as always, not as good as the Government says it is and not as bad as the Opposition says it is, although the latter is more correct than the former.
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But domestic economic conditions do not, in aggregate, justify a rate cut. As Glenn Stevens said in yesterday’s statement, growth is “a bit below trend” and unemployment remains “relatively low”. But the currency does justify it.
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The exchange rate is “unusual given the decline in export prices and interest rates” said the governor, master of the understatement. In fact it has been stable for two years, apart from a short-lived correction in each year as global growth slowed.
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Stevens’ hand was forced by last week’s rate cut by the European Central Bank (ECB) and, more importantly, the statement by its president Mario Draghi that they had an “open mind” about negative interest rates – that is, charging the banks to park money with the ECB.
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read more!
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China Has A ‘Voracious’ Appetite For Gold !
- Published on Apr 19, 2013
April 19 (Bloomberg) — Nigel Moffatt, treasurer at the Perth Mint, talks about the demand outlook for gold. Shoppers in China lined up for gold this week, while in Hong Kong they rushed to buy bracelets and in India sought jewelry for weddings not set until December. The metal’s biggest price drop in three decades provoked the clamor. Moffatt speaks with Zeb Eckert on Bloomberg Television’s “First Up.” (Source: Bloomberg)
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Whopping 63,500 Ounces of Gold Sold by US Mint in 1 Day ! Record Gold Sale at the U.S. Mint Despite Central Bank Dumping of Paper!
- Record gold sale at the U.S. mint despite central bank dumping of paper!
by Kenneth Schortgen Jr, http://www.examiner.com/
On April 17, the U.S. Mint reported a record 63500 ounces of gold being sold to the public in one day, despite central banks driving down the paper spot price by over 9% in the past week. This record one day sale brings total Mint sales for April to 140000 ounces, and is already twice the total amount of sales for the previous two months combined.
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According to today’s data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces or more than the previous two months combined with just half of the month gone. – U.S. Mint via Zerohedge
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The disparity between the spot price, and the physical price of gold, proves that the disconnect is official, and paper no longer represents true value in the precious metal markets. While central banks dumped 500 tons of paper gold on Friday, leading to a spot price drop of more than 9%, most physical gold and silver dealers like Kitco and SQ Metals were selling out of stock very quickly as investors and collectors rejoiced in the falling prices.
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Besides the U.S., Asian central banks and investors are purchasing physical gold in high volume due to the price drop. Australia, China, and Japan all saw daily sales of precious metals nearly doubled from their biggest dealers, and shortages were occurring for many reputable online retailers.
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As Western central banks are forced to short or sell paper gold in the markets to cover margin calls on other investments, the additional volume is quickly being bought up in the physical markets, with the U.S. Mint alone selling an all-time one day record of 63500 ounces.
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Australia: Bargain Hunters Join the Gold Rush as Prices Drop!

Chasing a good deal: members of the public line up at the Australian Bullion Company on Pitt Street to buy gold. Photo: James Brickwood
- Don’t be a sheeple: last to know/understand what is going on, first to suffer the consequences! It is a publicly stated policy of western central banks and the BOJ of stimulating inflation ie. Currency Debasement! The rest of the world will follow suit in competitive currency devaluations to protect their economies ie. Currency Wars! Got physical gold yet?
- - Bargain hunters join the gold rush as prices drop!
by Julie Power, http://www.smh.com.au/
Sales of gold bullion and gold chains are boiling over as Sydney buyers rush to buy at bargain prices of around $1332 an ounce, about $200 cheaper than four days ago and $400 cheaper than when the price peaked two years ago.
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Not since the global financial crisis have the phones rung so hot from gold buyers, said Jordan Eliseo, chief economist of the Australian Bullion Company on Pitt Street.
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Sales had been so strong the company’s phone system nearly crashed. The company had to hire temps to deal with customers phoning and waiting in queues of up to 60 to 80 to get into the company’s already crowded salesrooms.
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The company’s chief executive, Janie Simpson, only had time to email, ”OMG, it is bedlam – has been like that for 3 days!!!!” Mr Eliseo said more than 95 per cent of the company’s business right now was selling gold.
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”Everyone who wants physical gold is seeing it [the drop in the gold price] as an incredible buying opportunity instead of seeing it as the end of the gold market,” he said. It’s not just sales of physical gold that are booming. Roy Cohen, director of The Gold Company and First Gold, said interest in gold savings accounts were also ”exploding”.
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Froy Fernandez, manager of pawn brokers Andrew Cash & Co in Blacktown, said sellers were hanging on to gold but there were plenty of people buying gold, especially 18 and 22 carat bracelets and chains. He’d been surprised by how many savvy buyers checked the gold price before visiting the store.
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For consumers, the drop in the gold price to a two-year low means a chance to buy something impressive for much less. Builder Craig Kilby of Windsor, who was shopping at Linda & Co Designer Jewellers in Broadway this week, said he was ”definitely” making plans to buy some gold jewellery to give his wife on Mother’s Day.
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The impact of the fall in the gold price had been ”massive,” said Michael Sobbi, manager of the jeweller. ”We are selling a lot of solid gold chains,” he said. A heavy gold bracelet which normally retailed for $10,000 would be about $1200 cheaper after the fall in the gold price was taken into account.
end
Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical !
- It appears the gold cartel’s manipulated collapse of the gold/silver prices is backfiring! More and more people are waking up and fleeing to physical. This will accelerate the destruction of the LBMA and Crimex paper gold/silver fraud.
- - Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical!
by Tyler Durden, www.zerohedge.com
We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the “more stable investor base” is increasing. The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a “frenzied” surge in demand. The customers are not just the ‘rich’ or ‘elderly’; in China “they tend to wear water shoes and come directly from the market…;” in Australia, “the volume of business… is way in excess of double what we did last week,… there’s been people running through the gate,” and Japanese individual investors doubled gold purchases yesterday at Tokuriki Honten, the country’s second-largest retailer of the precious metal. The panic selling by a weaker ‘imminent inflation-based’ investor base has sparked physical shortages – “there’s been significant sales made as people see this as great value.” It seems our previous discussions of a rotation from paper to physical were correct and this physical demand will eventually leak back into the paper markets.
-
Australia (via The Age):
Gold sales from Perth Mint, which refines nearly all of the nation’s bullion, have surged after prices plunged, adding to signs that the metal’s slump to a two-year low is spurring increased demand.
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“The volume of business that we’re putting through is way in excess of double what we did last week,” Treasurer Nigel Moffatt said, without giving precise figures. “There’s been people running through the gate.”
…
“There’s been significant sales made as people see this as great value,” Mr Moffatt said. “Gold owners are very reactive to significant market movements.”
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The Perth Mint’s sales of gold coins climbed 49 per cent to 97,541 ounces in the three months ended March 31 from a year earlier
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read more!
end
Sorry, Mates, Strictly Business: Australia Wants To Cut Out US Dollar In Trade With China!
- The longer the western Illuminati drag out their plan for World War 3, the stronger China, Russia and the BRICS will get. Their global monetary hegemony is under severe threat. Their world reserve currency, the USD, is dying. Let me remind you that the western Illuminati will never give up their global currency hegemony. It is a question of when they will trigger their Satanic World War 3. Follow the Japan/China – Senkaku/DiaoYu islands confrontations carefully!
- - The western Illuminati’s plan is to destroy the USD and in the process screw all the nations of the world. Imagine the US$2.5T of Chinese foreign reserves losing 50% of value overnight. Countless countries with US dollar and US treasuries will in like manner be screwed. Many will become insolvent!
- - The western Illuminati’s plan calls for a new One World Currency backed by gold under their total control. This will be under a Global Supra-National World Central Bank (likely to be the IMF 2.0) and under the Luciferian New World Order, World Government –> ’666′! To path to this eventuality is via global wars! Order out of Chaos, the Satanic philosophy!
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Sorry, Mates, Strictly Business: Australia Wants To Cut Out US Dollar In Trade With China!
by Ryan Villarreal, http://www.ibtimes.com/
Australia is seeking to bypass trading in U.S. dollars with China in an effort to avoid the commercial uncertainties that come with the recent fluctuations in the greenback. For example, just a half a year ago, the dollar traded at about $1.20 to the euro; by February, it had weakened to $1.34 per euro and now it is going for $1.27.
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Eliminating the dollar in trade will be the focus of Australian Prime Minister Julia Gillard’s trip to Beijing next week. Trade with China, Australia’s primary trading partner, totaled $120 billion in the last fiscal year. China buys nearly one-third of Australian exports.
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“The value of such a deal would be substantial for exporters to China, especially those that import a lot from China, like mining companies, as it would remove business constraints including exchange-rate risks and transaction costs,” said Australia’s former ambassador to China, Geoff Raby, according to the Australian.
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The Australian government has made no secret of its aims to shift away trade from the U.S. dollar, the world’s primary reserve currency used in international commerce.
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A government report, titled “Australia in the Asian Century,” discusses Canberra’s efforts to establish direct trading between the Australian dollar and the Chinese renminbi, or RMB, also referred to as the yuan. It also pushes for increasing the prominence of the RMB as a global reserve currency.
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“We have held preliminary discussions with the Chinese government to explore how soon direct convertibility can be practicably achieved,” the October 2012 report reads. “We are continuing these discussions, and also exploring other opportunities to work with China to support the internationalization of the RMB.”
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Canberra’s aims to build on a $30 billion currency-swap deal with China signed last year that makes funds available for business transactions between the two countries through their respective state-run banks.
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read more!

The white horseman logo of the Illuminati Council on Foreign Relations (CFR). They labour to lay the foundation for the coming of the white horseman, the fake messiah, the Anti-Christ, the bringer of false peace of Revelation 6.
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Pacific Tensions Being Ratcheted Up!
- Why did Japan breached the agreement as laid out in the 1978 Treaty of Peace and Friendship between Japan and the People’s Republic of China by nationalizing Senkaku / DiaoYu island? I do not know who owns these islands. But Japan by nationalizing Senkaku is absolutely aware of what the consequences will be! The answer IMO: the western Illuminati is attempting to start a war against China using Japan as their proxy! China is threatening the global monetary hegemony of the western Illuminati!
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Statement of the Ministry of Foreign Affairs of the People’s Republic of China
…. During the negotiations for the normalization of bilateral diplomatic relations in 1972 and the signing of the Japan-China Peace and Friendship Treaty in 1978, the then leaders of the two nations, with the overall situation of bilateral ties in mind, reached the important mutual understanding and consensus of putting aside the issue of the Diaoyu Islands for a final solution in the future, which served as a precondition for the normalization and the great development of bilateral ties as well as stability and tranquility in East Asia over the past 40 years. If the Japanese authorities deny and attempt to write off with one stroke the consensus between the two nations, how can the situation of the Diaoyu Islands remain stable?
- - Pacific Tensions Being Ratcheted Up!
by http://larouchepac.com/
Despite efforts by the new Japanese Prime Minister Shinzo Abe to finally reach a territorial settlement with Russia over the Northern Islands, a conflict left over from World War II, the conflict heated up yesterday as the Japanese air force scrambled four jet fighters against two Russian fighters that allegedly violated Japanese air space near the northern tip of the northern island of Hokkaido. The Japanese government lodged a “severe protest” with the Russian Embassy in Tokyo and demanded that the Russian government investigate. The Russians, for their part, denied there was any airspace violation and said that their aircraft had been flying in international airspace that they have routinely used for years. In fact, they were participating in a combined naval and air exercise around the disputed Kurile Islands that the Russian Ministry of Defense had announced on Feb. 5. Russian troops first occupied the Kuriles at the end of World War II and the two countries have disputed sovereignty over the islands ever since.
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The incident followed by a week an incident in the East China Sea where the Japanese Defense Ministry claimed that a Chinese naval vessel locked on to a Japanese naval vessel with radar intended to guide weapons, but then turned off the radar without firing. The incident occurred near the Senkaku Islands, claimed by both Japan and China. “One step in the wrong direction could have pushed things into a dangerous situation,” Japanese Defense Minister Itsunori Onodera told reporters on Feb. 5 about the use of the radar. China denied that the radar was of the weapon-directing type.
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While all this is going on, the United States, Japan, and Australia have been staging joint exercises, known as Cope North, this week, from the U.S. territory of Guam. Officers leading the exercises claim they are not aimed at China, but rather at improving their own ability to inter-operate. “The training is not against a specific country, like China,” Japan Air Self-Defense Force Lt. Gen. Masayuki Hironaka said, according to the Associated Press. “However, I think [the fact] that our alliance with the U.S. and Australia is healthy is a strong message.” The Associated Press report puts the exercise squarely in the context of President Obama’s Asia Pivot, reporting that exercises like Cope North are a “key element” of Washington’s evolving strategy there. That the Chinese might be taking away a different message from the one that the United States, Japan, and Australia wish to project is known. “I think the P.R.C. has a tendency to look at things in a different light,” said U.S. Pacific Air Forces Commander Gen. Herbert Carlisle. “I think they may take this as something different than it is intended.”
end
Chinese Gold Imports Through August Surpass Total ECB Holdings, Imports From Australia Surge 900%!
- Chinese Gold Imports Through August Surpass Total ECB Holdings, Imports From Australia Surge 900%!
by Tyler Durden, www.zerohedge.com
First it was more than the UK. Then more than Portugal. Then a month ago we said that as of September, “it is now safe to say that in 2012 alone China has imported more gold than the ECB’s entire official 502.1 tons of holdings.” Sure enough, according to the latest release from the Hong Kong Census and Statistics Department, through the end of August, China had imported a whopping gross 512 tons of gold, 10 tons more than the latest official ECB gold holdings. We can now safely say that as of today, China will have imported more gold than the 11th largest official holder of gold, India, with 558 tons.
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Yet despite importing more gold than the sovereign holdings of virtually all official entities, save for ten, importing more gold in July than in any month in 2012 except for April, importing more gold in 8 months in 2012 than all of 2011, and importing four times as much between January and July than as much as in the same period last year, here is MarketWatch with its brilliant conclusion that the ‘plunge’ in gold imports in August can only be indicative of the end of the Chinese gold market, and the second coming of infinitely dilutable fiat.
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“China’s near-term appetite for gold appears to be waning as bullion imports from Hong Kong slow,” HSBC analysts said in a note following the data release last week.
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Anecdotal evidence also pointed to the cooling trend, with one Hong Kong bullion dealer saying the word from mainland clients was that gold inventories are saturated.
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“What we are hearing from our customers is that they were buying gold rapidly over the last couple of years, but they would now see some of their stocks sold off before they rebuild some of their inventories,” Scotia Mocatta managing director Sunil Kashyap said in Hong Kong.
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There is spin, and there is of course, reality. We urge readers to identify
where on the chart above is the evidence of Chinese disillusionment with gold:
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read more!
end
Australia To Push for Direct Yuan Exchange!
- One more nail in the USD world reserve currency coffin!
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Australia to push for direct yuan exchange!
by Alicia Barry, http://www.abc.net.au/news/
Australia is hoping to become the third country in the world to be able to directly convert its currency into Chinese yuan. The Treasurer Wayne Swan will push the case at a currency forum in Hong Kong and during meetings with Chinese leaders in Beijing next week.
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Analysts say Australia’s push to directly convert its currency into yuan will make trade with China more efficient and will lower transaction costs, particularly for the country’s big miners and importers. ANZ currency strategist Andrew Salter says currently they have to go through the US dollar or Japanese yen first.
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“You don’t have to do that interim step – you can convert directly from renminbi into Australian dollars and therefore avoid one layer of transaction costs associated with the deal – so primarily a means to remove that extra layer of cost, so its an efficiency advantage,” he said.
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However, Mr Salter says the deal is unlikely to move currency markets, as China’s capital account remains shut. “Those investment transactions that are speculative in nature are still not possible,” he said. “So, for example, the deal that is being discussed only pertains to companies that have trade linkages in China and in Australia so it will facilitate deeper trade linkages.”
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Currently only the US and Japan can directly convert their currencies directly into yuan.
end
Australia Joins List of Countries Warning Against Israeli Strike on Iran!

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
- It appears the Illuminists are still sticking to their Satanic World War 3 script. The Greater Middle East War will be fought by Zionist ’666′ Israel against the Muslim World. The rest of the world, major powers, will participate via their proxies in the Middle East. They will supply enough military hardware for both sides to annihilate each other. The Zionists are going to be the deceived useful idiots executing this unnecessary war for the Satanic rulers of Zionist ’666′ Israel. In the process Zionist ’666′ Israel will be destroyed. Many Christian sheeple will fall because they have been deceived by this Satanic counterfeit!
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Australia joins list of countries warning against Israeli strike on Iran!
By Barak Ravid, http://www.haaretz.com/
Australian Foreign Affairs Minister Bob Carr phoned Lieberman to lay out Australia’s opposition to an attack on Iran’s nuclear facilities, and to say that sanctions need more time.
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More and more Western countries are joining a growing list of countries who are applying heavy international pressure on Israel to prevent it from attacking Iran’s nuclear facilities. The latest voice is that of the new Australian Foreign Affairs Minister Bob Carr.
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Several days ago, Carr phoned his Israeli college Avigdor Lieberman. This was the first telephone call between the two. Aside from the niceties of the first formal phone call, Carr took advantage of the conversation in order to warn Lieberman that an Israeli attack on Iran’s nuclear facilities will have serious consequences.
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… for more click here!
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China Signs $31Bn Currency Exchange Deal With Australia!
- Why are so many nations announcing currency swap agreements almost every other day? They are abandoning the USD! It is significant that China is moving rapidly to establish this (with many countries) because they are the largest holder of USD denominated assets. The death knell of the USD is being sounded throughout the world. A currency swap agreement means the central banks of each country agrees to bypass the USD and accept each other’s currency.
- - The petrodollar(USD) is the world reserve currency. It is used in international trade settlement (in as much as 66% of international trade). Goods are quoted and sold in USD as it is accepted because all nations need to buy oil (petrol). The oil trade is bought and sold in USD (on threat of annihilation by the Anglo-American-Zionist Illuminist west). Now that Iran has broken this petrodollar edict, the western Illuminati will definitely start a war against Iran!
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China signs $31bn currency exchange deal with Australia!
by http://www.bbc.co.uk/news/
China and Australia have signed a currency swap agreement in a bid to promote bilateral trade and investment. It will allow for the exchange of local currencies between their central banks, worth up to 30bn Australian dollars ($31bn; £20bn) over three years. The deal is expected to reduce cost for businesses, as they will be able to settle trade terms in local currency.
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It is the latest in a series of similar deals signed by Beijing as it seeks a more global role for the yuan. “The main purposes of the swap agreement are to support trade and investment between Australia and China, particularly in local-currency terms,” the Reserve Bank of Australia said in a statement.’Stamp of approval’ China has been trying to promote the yuan as an alternative global reserve currency to the US dollar.
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It has signed currency deals with many of its trading partners, including Hong Kong and Japan. That has seen a rise in the amount of Chinese trade being settled in yuan instead of US dollars.
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… for more click here!
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