Socio-Economics History Blog

Socio-Economics & History Commentary

IMF Warns U.S. Over Potentially Bumpy Exit from Extraordinary Monetary Policy!

Global financial storm!

Global financial storm!

  • This is clearly a warning about the coming global economic, currency and financial meltdown. Janet Yellen is on record saying tapering will continue and QE will end. Ie. Meltdown will begin when QE ends. At the current pace, QE will end by the end of the year.
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  • IMF warns U.S. over potentially bumpy exit from extraordinary monetary policy! 
    by http://www.xinhuanet.com/english/
    Story Highlights
    • A bumpy exit from extraordinary monetary policy in U.S. could undermine global financial stability: IMF
    • IMF said its baseline scenario is a smooth exit from extraordinary monetary policy in the United States.
    • Emerging markets also need to continue to prepare for tightening in global financial conditions, IMF said. 
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    WASHINGTON, April 9 (Xinhua) — A badly-timed and bumpy exit from extraordinary monetary policy in the United States could undermine global financial stability and spill over to emerging markets, the International Monetary Fund (IMF) warned Wednesday.
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    “U
    ndue delay could lead to a further build-up of financial stability risks, and too rapid an exit could jeopardize the economic recovery and exacerbate still-elevated debt burdens in some segments of the economy,” the Washington-based IMF said in its latest edition of Global Financial Stability Report, noting that “the timing and management of exit is critical.”
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    The global lender said its baseline scenario, the most likely outcome, is a smooth exit from extraordinary monetary policy in the United States, but warned that “a bumpy exit” is possible.
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    “This adverse scenario could be produced by growing concerns in the United States about financial stability risks, or higher-than-expected inflation,” Jose Vinals, director of the IMF’s monetary and capital markets department, said at a press conference.
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    “The result could be a faster rise in policy rates and term premiums, widening credit spreads, and a rise in financial volatility that could spill over to global markets,” he added.
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    In the most serious adverse scenario with rising interest rates, weakening earnings and depreciating exchange rates, “emerging market corporates owing almost 35 percent of outstanding debt could find it hard to service their obligations,” Vinals explained.
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    In order to engineer a successful shift from “liquidity-driven” to “growth-driven” markets, Vinals urged the United States to get the “timing, execution and communication” of the monetary policy normalization right.
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    Emerging markets also need to continue to prepare for tightening in global financial conditions by “enhancing resilience through strong macro and prudential policies, building policy buffers, and managing corporate leverage,” Vinals said.

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April 12, 2014 Posted by | Economics | , , , , , , , , , | Leave a comment

Paul Craig Roberts: Is the US or the World Coming to an End?

Shit_Storm

  • Paul Craig Roberts: Is the US or the World Coming to an End? 
    by http://www.paulcraigroberts.org/ 
    It will be one or the other.
    2014 is shaping up as a year of reckoning for the United States.
    Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.
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    The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.
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    Russia and China have had enough. As I have reported and as Peter Koenig reports here :
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    http://www.informationclearinghouse.info/article38165.htm
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    Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.
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    This means a big drop in the demand for US dollars and a corresponding drop in the dollar’s exchange value.
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    As John Williams (shadowstats.com) has made clear, the US economy has not recovered from the downturn in 2008 and has weakened further. The vast majority of the US population is hard pressed from the lack of income growth for years. As the US is now an import-dependent economy, a drop in the dollar’s value will raise US prices and push living standards lower.
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    All evidence points to US economic failure in 2014, and that is the conclusion of John Williams’ April 9 report.
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    This year could also see the breakup of NATO and even the EU. Washington’s reckless coup in Ukraine and threat of sanctions against Russia have pushed its NATO puppet states onto dangerous ground. Washington misjudged the reaction in Ukraine to its overthrow of the elected democratic government and imposition of a stooge government. Crimea quickly departed Ukraine and rejoined Russia. Other former Russian territories in Ukraine might soon follow. Protesters in Lugansk, Donetsk, and Kharkov are demanding their own referendums. Protesters have declared the Donetsk People’s Republic and Kharkov People’s Republic. Washington’s stooge government in Kiev has threatened to put the protests down with violence. http://rt.com/news/eastern-ukraine-violence-threats-405/ Washington claims that the protests are organized by Russia, but no one believes Washington, not even its Ukrainian stooges.
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    Russian news reports have identified US mercenaries among the Kiev force that has been sent to put down the separatists in eastern Ukraine. A member of the right-wing, neo-Nazi Fatherland Party in the Kiev parliament has called for shooting the protesters dead.
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    Violence against the protesters is likely to bring in the Russian Army and result in the return to Russia of its former territories in Eastern Ukraine that were attached to Ukraine by the Soviet Communist Party.
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    With Washington out on a limb issuing threats hand over fist, Washington is pushing Europe into two highly undesirable confrontations. Europeans do not want a war with Russia over Washington’s coup in Kiev, and Europeans understand that any real sanctions on Russia, if observed, would do far more damage to Europeans. Within the EU, growing economic inequality among the countries, high unemployment, and stringent economic austerity imposed on poorer members have produced enormous strains. Europeans are in no mood to bear the brunt of a Washington-orchestrated conflict with Russia. While Washington presents Europe with war and sacrifice, Russia and China offer trade and friendship. Washington will do its best to keep European politicians bought-and-paid-for and in line with Washington’s policies, but the downside for Europe of going along with Washington is now much larger.
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    read more!

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April 11, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Russia Rejects US Warnings Over Oil Deal with Iran!

  • All these US ‘warnings and threats’ are about the petrodollar. It is about the western Illuminati’s global currency (economic and financial) hegemony! It is NOT about Iran having nuclear bombs or a nuclear weapons program. Iran does not have a nuclear weapons program nor nuclear bombs. Kerry and Obama are pathological LIARs serving the western Illuminati! Remarks mine:
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  • Russia rejects US warnings over oil deal with Iran! 
    by AP, via http://news.yahoo.com/
    MOSCOW (AP) — A senior Russian diplomat on Wednesday angrily rejected U.S. warnings against striking an oil-for-goods contract with Iran, saying that Moscow wouldn’t be intimidated by threats.
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    Deputy Foreign Minister Sergey Ryabkov said in remarks carried by the state RIA Novosti news agency that an increase in Russian-Iranian trade is a “natural process that doesn’t involve any elements of political or economic challenge to anyone.”
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    Russian business daily Kommersant has reported that Moscow plans to buy 500,000 barrels of Iranian oil a day, a deal that would shatter an export limit defined by an interim nuclear agreement world powers and Iran reached last year.
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    Iran has agreed to temporarily limit its atomic work, which the West fears could be a cover for developing nuclear weapons (this statement is propaganda!), in return for some sanctions relief. Six world powers, including Russia, and Iran are working on a fuller deal that would place long-term restrictions on Iran’s nuclear program in exchange for an end to all economic sanctions.
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    The six-month interim agreement, which went into effect in January and expires in July, allows Iran to continue exporting a total of 1 million barrels a day of oil to six countries: China, India, Japan, South Korea, Taiwan and Turkey. The promise didn’t apply to Russia, which wasn’t an existing customer of Iran’s petroleum industry.
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    If Russia reaches the oil-for-goods contract with Iran, it would challenge Western efforts to secure a comprehensive agreement (propaganda). U.S. Secretary of State John Kerry said Tuesday that Washington could impose sanctions if Russia and Iran move forward with the oil contract.
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    Ryabkov said he was unaware of any specific agreements, adding that a “normal exchange of opinions with Iranian colleagues has been going on to determine which sectors of economy are best suited for further development of ties.”
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    He insisted that Russia wants to develop its ties with Iran and rejected the U.S. threat to impose sanctions. “We don’t think that any unilateral U.S. sanctions, no matter whom they target, are legitimate, and we reject such a stance,” he said.
http://www.theguardian.com/world/2014/jan/15/truth-israels-secret-nuclear-arsenal

Click on image for article!

http://www.foreignpolicy.com/articles/2013/11/25/the_real_nuclear_option_israel_iran?page=full

Click on image for article!

http://www.nytimes.com/2013/09/19/opinion/global/lets-be-honest-about-israels-nukes.html

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http://socioecohistory.wordpress.com/2013/02/05/panetta-says-iran-has-not-made-the-decision-to-build-a-nuclear-weapon/

Click on image to goto article!

http://www.haaretz.com/news/diplomacy-defense/mossad-cia-agree-iran-has-yet-to-decide-to-build-nuclear-weapon-1.419300

Why is genocidal madman Netanyahu screaming for war with Iran? It is all about the global petrodollar hegemony all about the coming Luciferian New World Order!

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April 11, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , | Leave a comment

40 Central Banks Are Betting This Will Be The Next Reserve Currency!

Chinese Yuan or RenMinBi

Chinese Yuan or RenMinBi

  • The Chinese Yuan will be an important currency but it will not be the world reserve currency! The world reserve currency will be supra-national and be managed by the IMF 2.0 under the United Nations. It will be backed by gold. The word is that: the IMF will take over the management of the USD and America will be forced to issue another (national) Republic dollar (or shit dollar as Dr. Jim Willie puts it). The IMF will then turn this USD, under its management, to a One World Currency backed by gold !
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  • 40 Central Banks Are Betting This Will Be The Next Reserve Currency! 
    by Tyler Durden, http://www.zerohedge.com
    As we have discussed numerous times, nothing lasts forever – especially reserve currencies – no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring ‘interest’ or direct discussions in diversifying away from the US dollar… and as SCMP reports, Standard Chartered notes that at least 40 central banks have invested in the Yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation central banks diversifiying into ‘other currencies’ and “a great number of central banks are in the process of adding yuan to their portfolios.” Perhaps most ominously, for king dollar, is the former-IMF manager’s warning that “The Yuan may become a de facto reserve currency before it is fully convertible.”
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    The infamous chart that shows nothing lasts forever… Nothing lasts forever… (especially in light of China’s recent comments)
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    read more!

Reserve_Currency_status_does_not_last_forever

http://usa.chinadaily.com.cn/world/2014-01/29/content_17264069.htm

Click on image for article!

Ron_Paul_Merger_of_ECB_FedRes_BOJ_WorldCentralBank

  • “They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.
  • “Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” - Ron Paul

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April 11, 2014 Posted by | Economics | , , , , , , , , , , , , , | 2 Comments

Petrodollar Update: U.S. Issues Threats Over Pending Russia-Iran Oil Deal !

Preserve_Petrodollar_Nuclear_War

  • Petrodollar Update: U.S. Issues Threats Over Pending Russia-Iran Oil Deal! 
    by Jerry Robinson http://ftmdaily.com/ , 9 April 2014
    FTMDaily.com – Russia and Iran are forging ahead with a controversial oil-for-goods deal that is being criticized by Washington as a violation of Iran’s interim nuclear agreement.
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    Under an interim agreement reached with world powers last year, Iran is permitted to continue exporting no more than 1 million barrels a day of oil to six countries: China, India, Japan, South Korea, Taiwan and Turkey.
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    Now, Russia is offering to buy 500,000 barrels of Iranian oil per day, which Washington says will violate the terms of the interim agreement.
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    U.S. Secretary of State John Kerry has already begun threatening more ‘sanctions.’ Iran’s response: The country refuses to ‘wait for America’s permission’ to increase its oil exports.
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    On the surface, Washington is pointing to Iran’s “violation” of the interim agreement. But, when you follow the money, you find something much different. Not only will a Russian-Iranian oil deal inject a massive amount of fresh revenue into Tehran while emboldening Russia, but the proposed oil deal will completely sidestep the U.S. dollar.
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    The conflicts that the West has in much of the Mideast, Africa, and Central Asia are all about lines on a map. But these lines are not territorial lines. Instead, they are pipelines. The energy flows running in the lands between the Far East China and Europe have become a hotbed of controversy. The struggle is over who can control those who control the flow of oil and gas in this region.
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    For the U.S., much is at stake in this great game of pipeline politics, namely, the petrodollar system, which has single-handedly enabled the Fed to continue its grand Ponzi scheme of printing trillions of U.S. dollars since the 2008 economic crisis.
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    No one knows how long Washington can keep its proverbial “finger in the dyke.” But rest assured, the petrodollar system will eventually come to an end. Unless Washington’s monetary “wizards” have a trick up their sleeve, the end is nigh for the U.S. dollar’s pre-eminent role in the global economy.

petrodollar-system-101

petrodollar-explained

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April 11, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Iran, Russia Working to Seal $20 Billion Oil-for-Goods Deal ! The End of the PetroDollar!

PetroDollar_Scam_Breaking_Down

  • Iran, Russia working to seal $20 billion oil-for-goods deal! 
    by Jonathan Saul and Parisa Hafezi 
    (Reuters) – Iran and Russia have made progress towards an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.
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    In January Reuters reported Moscow and Tehran were discussing a barter deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.
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    The White House has said such a deal would raise “serious concerns” and would be inconsistent with the nuclear talks between world powers and Iran. A Russian source said Moscow had “prepared all documents from its side”, adding that completion of a deal was awaiting agreement on what oil price to lock in.
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    The source said the two sides were looking at a barter arrangement that would see Iranian oil being exchanged for industrial goods including metals and food, but said there was no military equipment involved. The source added that the deal was expected to reach $15 to $20 billion in total and would be done in stages with an initial $6 billion to $8 billion tranche.
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    The Iranian and Russian governments declined to comment. Two separate Iranian officials also said the deal was valued at $20 billion. One of the Iranian officials said it would involve exports of around 500,000 barrels a day for two to three years.
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    “Iran can swap around 300,000 barrels per day via the Caspian Sea and the rest from the (Middle East) Gulf, possibly Bandar Abbas port,” one of the Iranian officials said, referring to one of Iran’s top oil terminals.
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    “The price (under negotiation) is lower than the international oil price, but not much, and there are few options. But in general, a few dollars lower than the market price.”
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    read more!

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April 11, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Russia and China About to Sign Gas Deal ! Death Knell for the PetroDollar!

Death_of_dollar_RIP

  • Russia and China about to sign gas deal! 
    by http://en.itar-tass.com/ 
    “We have discussed co-operation in the coal sphere, agreeing to develop deposits, supply equipment and build electric power plants,” Russian Deputy Prime Minister Arkady Dvorkovich says.
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    BEIJING, April 09. /ITAR-TASS/. Russia’s Gazprom and China are poised to conclude a gas supply contract in coming weeks, the first in a series of energy projects planned between the two countries.

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    “We’re working now to sign a gas contract in May,” said Deputy Prime Minister Arkady Dvorkovich. “Consultations are continuing and Gazprom’s leaders are holding talks with Chinese partners on the contract terms. We hope to conclude the contract in May and believe it should come into effect by the year end.”
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    “Base price is the only problem to be solved,” Dvorkovich said on Wednesday at a session of a Russia-China intergovernmental commission on energy co-operation, co-chaired by Chinese Vice-Premier Zhang Gaoli.
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    In other plans, Russian company Novatek’s Yamal region LNG (liquefied natural gas) project was near ready for signing, Drovkovich said. Russia’s Rosneft had several interesting plans “seeking to increase maritime supplies by several million tonnes per year,” he said.
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    read more!

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April 11, 2014 Posted by | Economics | , , , , , , , , | Leave a comment

Jim Willie: US Dollar Funeral At Hand !

Storm Hurricane_Sandy_threatening_NewYork_Oct2012- storm

  • Jim Willie: US Dollar Funeral At Hand! 
    by http://www.silverdoctors.com/
    Summary
    A global clash of nations is underway in full gear.   The time is finally right. The urgency is acute.
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    The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in particular the robot sock puppets of the Untied States, see the end of the USDollar. They appear to wish to lay blame on Russia for the death of the dollar.
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    The global rejection began with the Iran sanction workarounds, where India bought Iran’s oil & gas, but paid with Turkish gold, delivered to Tehran banks. The global rejection will achieve escape velocity with the acceptance of Russian Rubles for its energy products. The global rejection will achieve additional escape velocity with the acceptance of Chinese Yuan payments for Saudi crude oil (then all OPEC oil).
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    Coming is the launch of both the gold-backed Russian Ruble and the gold-backed Chinese Yuan. The global rejection will be final, and the funeral will be announced. 
    =========================================
    By Jim WillieGoldenJackass.com
    A global clash of nations is underway in full gear. The storm is picking up speed, power, intensity, and damaging force. Many are the swirls of the current situation. A hodgepodge of topics have been caught and trapped, best to discharge on paper, the effect like a wondrous enema. The banker lies grow thicker, as they are unable to so easily deceive anymore. The potential currency fix appears more imminent, as the solution seen as an assault on American interests (military angle).
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    Any nation getting off the US Wagon Train is a rogue nation, the theme having become tired and ineffective. The fatal errors committed by the US economists and banker elite have finally resulted in clear signs of systemic failure. The psychological warfare is like a gigantic fog, as people’s defenses are being challenged, even those based in fantasy and convenience. The world is undergoing change, the nightmare continues, while the Paradigm Shift moves into the fast lane by expedience. Entire swaths of wealth are being waterlogged, tainted, and ruined.
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    The USDollar has been stuck in the corner for three years, finally pushed into the corner crack, sure to fall below the matt, where below lies a spittoon. The Hat Trick Letter informs and warns the public, converts the disheartened and confused among us, edifies clients, and provides forecasts like signposts to guide in the increasing fascist darkness. At the same time, it seems to drive families crazy, since when attempting to admonish and caution, the efforts are often seen as uncomfortable overturning of the temple tables (business and mental). So be it. Forewarned is forearmed, but many prefer their delusions and homes built upon false assumptions. The Jackass prefers reality accountable to the flow of events and verified facts, where actions can be taken in defense of livelihood and even life savings. The clash of worlds must be reported and properly understood.
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    CENTRAL BANKER LIARS
    Newly appointed USFed Chair Janet Yellen has wasted no time in her stream of lies. The crime syndicate headquarters talks of  tapering the bond monetization volume. As preface, be sure to know that unsterilized bond purchases, introduction of newly printed money without drainage in similar volume steps, has been considered the ultimate heretical practice for decades by the Economist Schools. It is called the greatest monetary sin, but now is blessed as a solution, perhaps no longer temporary. The Yellen Fed talks repeatedly about poor economic conditions, about weak bank structures, about punky labor markets, but also about improving something or other, while it speaks lies in great strokes. The financial circles applaud, while the business community languishes. They talk of reductions in the QE volumes, but they use back doors and proxies, hardly out of view. Yellen moved to the U6 jobless rate index, shoving the deceptive Clinton U3 jobless rate in the toilet. The USFed now has employed the Belgian bank as the new Caribbean offshore site. Its USTreasury Bond holdings are moving toward the $200 billion level. Recall this little turd on the economic table has no surplus and barely has an economy at all outside the finance sector. It operates as a parliament center and commission home office for pedafiles. The other deceptive tools used by the Yellen Fed are the same as those used by the Bernanke Fed, the powerful interest rate swap derivative. It produces leveraged phony demand without buyers, thus creates bond rallies out of thin air. Several banker murders were done to conceal the London Whale losses, estimated over $100 billion in the derivatives market. The story remains suppressed.
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April 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Charles Goyette: Ukraine May Accelerate PetroDollar’s Death!

April 10, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Jim Willie: U.S. Economy on Brink of Systemic Failure!

  • Published on Apr 7, 2014
    IN THIS INTERVIEW:

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    - Japanese economic collapse ahead ►1:13
    - Former Bank of Japan Governor says Japan’s QE is ineffective at helping economy.** What about the Federal Reserve’s QE? ►4:40
    - Russia to stop trading in U.S. dollar; petrodollar system is ending ►8:44
    - How will the average American be affected by the collapse of the petrodollar system – possible hyperinflation in U.S. ►15:19
    - Is it too late to prepare? ►24:56
    Jim Willie online ►http://GoldenJackass.com 

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April 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Collapse Of The United States & A New Economic World Order!

petrodollar_burning

  • Collapse Of The United States & A New Economic World Order! 
    by http://www.kingworldnews.com
    On the heels of continued uncertainty around the globe, today an acclaimed money manager told King World News that a “New Economic World Order” threatens to collapse U.S. supremacy and the dollar.  Stephen Leeb also spoke about how this will have a powerful impact on the gold market in this fascinating interview.
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    Leeb:
    “Eric, last week we spoke about the threat being posed by Russia, China, and the various BRIC nations, against the dominance of the U.S. dollar as the world’s reserve currency.  But if you look at the history of people who have challenged oil being priced in dollars, what happened is the U.S. has militarily wiped them off the face of the Earth….

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    read more!

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April 9, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Dr. Paul Craig Roberts: Gold and The Dollar Are In A Fight to the Death!

  • Dr. Paul Craig Roberts: Gold and The Dollar Are In A Fight to the Death! 
    by Greg Hunter’s USAWatchdog.com 
    Former Assistant Treasury Secretary, Dr. Paul Craig Roberts, says, “Gold and the dollar are in a fight to the death.”  Dr. Roberts explains, “The Fed, in order to save a handful of banks too big to fail that are the mindless deregulation of the 21st century, the Fed has had to create a tremendous number of new dollars.  The United States has never experienced anything like the creation of new money it has issued from quantitative easing, which is now multi-years old.  Because the dollar has been the world reserve currency since the end of WWII, countries all over earth have huge stocks of dollars.  It’s not just countries or central banks, but companies and   individuals.  As people view their holdings, an enormous supply of dollars in light of this extraordinary printing of new money by the Fed, they get nervous.  They say ‘I should lighten up my holdings of dollars and get into something else.  Maybe I should get into gold or foreign currency.’  So, this puts pressure on the dollar’s exchange value.  The first way that pressure manifested itself was the rising price of gold.  Despite the fact the price of gold has been pushed down since 2011, it still has about the highest rate of return of just about anything in the 21st century.   The Federal Reserve, in order to protect quantitative easing which is necessary to save the banks, began manipulating the gold price in a new and more intense way.  They used their bullion banks to short the gold in the COMEX futures market.  The trouble with this policy is that it’s been going on long enough that it’s being recognized by people who formerly thought ‘the Federal Reserve would never do anything like that.’  Of course they would, and people are catching on.”
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    Dr. Roberts goes on to say, “Another factor is central banks such as China and Russia are purchasing more and more gold. . . . So, what is happening is the actual physical quantity of gold is moving out to Asia in such large quantities that supply in the West to meet purchases is diminished dramatically.  This is starting to bite on the ability of the Federal Reserve of this sort of operation of rigging the gold price. . . . So, it looks like the Fed could be running out of the ability to continue this policy, in which case it will be bad news for the dollar.”  So, is the Fed losing the fight to the death between gold and the dollar?  Dr. Roberts says, “They are not losing right now, but they’re running out of bullets; but the Chinese and the Russians are not running out of dollars in which to buy gold.  The Fed is running out of gold in which to make these deliveries.”
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    What happens when physical gold can no longer be delivered to buyers?  Roberts predicts, “The gold price would skyrocket.”  Dr. Roberts doesn’t give the timing for physical non-delivery of gold.  He does point out, “The fact they are having now to use naked shorts in the futures market, paper gold, implies they don’t have enough real physical gold to suppress the price any longer. So, they have to take it to the futures market where they can do it with purely paper contracts. . . . Yes, the possibility of not being able, at some point, to make delivery is real.  Of course, that then would cause all confidence to be lost certainly in the dollar.” 
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April 9, 2014 Posted by | Economics | , , , , , , , , , , , , , , , , | 1 Comment

Russia’s Gazprom Plans to Sell Gas for Rubles!

http://en.itar-tass.com/economy/726785

Click on image to goto website!

  • Watch the war drums beat louder and louder! The western Illuminati will ratchet up their war propaganda against Russia and China. They will not allow anyone to threaten their global monetary hegemony, their world reserve currency: the dollar! They will attempt to start their Satanic World War 3!
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  • My understanding is that both Russia and China will not back down. They know war is coming, it is inevitable. The only way for them to cripple the war machine of the western Illuminati is to destroy the source of financing: the dollar. The western Illuminist banksters create trillions of dollars out of thin air to finance their wars of aggression, MIC, destabilization of nations, economic warfare, foment unrest/riots, manipulate prices, finance terrorism …. buy up the world.
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  • By selling gas in Ruble, Russia has effectively destroyed Wall Street’s ability to currency wage war against Russia. Because buyers will no longer need USD but need Ruble. Ie. demand for USD will decline and demand for Ruble will rise. There will not be any need for buyers (countries) to hold US Treasuries or USD to do business with Russia. Effectively, it is telling the western Illuminist banksters to piss off.
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  • It also implies that the Russians are prepared to dump the SWIFT system and use their own system (the long rumoured Gold Trade Settlement system by the China, Russia and the BRICS …. ).
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  • The end of the western Illuminati’s global monetary, economic and financial hegemony is near! So is World War 3!

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April 9, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

End of U.S. Dollar & Collapse of Civilization as We Know It | James Corbett

  • Published on Mar 31, 2014
    IN THIS INTERVIEW:

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    - Emergence of “global hegemony” ►1:12
    - U.S. or Europe unlikely to announce significant sanctions on Russia ►6:15
    - End of U.S. Dollar and collapse of civilization as we know it ►8:27
    - Is Your 401k/IRA Safe? ►10:23
    - The corporate and banking interests capitalizing on coming crisis ►17:43
    - Our civilization is being “held hostage” by the banks; how do we get free? ►22:00
    - IRS announces Bitcoin “property” tax (http://1.usa.gov/1jRZHUL) ►28:04
    - Stand up now because “the future of humanity is hanging in the balance” ►31:10 

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April 8, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

Glazyev: Sanctions Are Suicide for Europe; If They Blow Out the Banking System, That Is a Game “On the Brink of World War”!

The_Road_to_World_War_3

  • Glazyev: Sanctions Are Suicide for Europe; If They Blow Out the Banking System, That Is a Game “On the Brink of World War”! 
    by http://larouchepac.com/ 
    Academician Sergei Glazyev, an advisor to Russian President Vladimir Putin on Eurasian integration, today warned of national bankruptcy for several European countries, a blow-out of the banking system, and a “game on the brink of world war,” if full-scale economic sanctions against Russia are pushed through. His interview to the Russian-language service of RT was also distributed by RIA Novosti.
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    “If the Americans try to implement the model used in the case of Iran,” said the Russian economist, “meaning virtually total disconnection of the country from the world financial system, that is, from its dollar and euro segment, then our calculations show that losses in the European Union could reach one trillion euros. If our payments are blocked, the European banks will feel it very palpably, because hundreds of billions of liabilities will be frozen.” If such measures were to be pushed further by the U.S., destabilizing the entire European financial system, in parallel with attempts to hurt Russia, he added, “then this would turn out to be a big geopolitical game, on the brink of world war.”
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    Glazyev noted that while potential damage to Germany’s economy from total sanctions against Russia may be estimated at up to 200 billion euros,
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    “the strongest damage, in relative terms, strange as this might seem, would be felt by Ukraine — whose interests they’re so concerned about — and the Baltic countries, which have behaved the most aggressively. Losses for the Baltic countries would be almost equivalent to their GDP, since the economies of these countries are almost entirely involved with transit services to and from Russia. Thus, for Europe the sanctions are economic suicide. European businessmen understand this very well. But I’m struck by how much the European media are like a branch of the American, or, rather, not even of the Americans, but of some very vicious hawks.”

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April 8, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

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