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Jim Willie: FedRes Has Lost Control, Systemic Failure Flashing Warning Signals Now!

MoneySupplyVelocity_at_50yr_lows_evidence_of_Systemic_failure

  • “The West will continue its rapacious confiscation of wealth and its vicious devotion to war until the platform they stand on built of USD ceramic tiles and USTBond cables and SWIFT pylons collapses..” - Quote
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  • Jim Willie: Fed Has Lost Control, Systemic Failure Flashing Warning Signals Now! 
    by http://www.silverdoctors.com/ 
    Summary
    The US Federal Reserve has been printing money since 2011 to cover USGovt debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. The Quantitative Easing programs are deceptive. When the program was initially announced, the Jackass claimed it would be part of an endless sequence. With QE1 and QE2 and Operation Twist and QE3, following the failed trial balloon called Taper Talk, it is quite clear to anyone with an active brain stem and absent rose colored glasses that the USFed is caught in a trap called QE to Infinity. It is not stimulative. Instead, the uncontrollable bond monetization causes capital destruction. It causes economic degradation. It causes lost jobs and vanished income. It is a gigantic wet blanket to smother and destroy the USEconomy slowly, amidst unending propaganda. QE is the device that will result in Systemic Failure, which is already flashing signals of its arrival.
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    by Dr. Jim Willie, http://www.goldenjackass.com/ 
    MONEY VELOCITY FALLING RAPIDLY
    Money Velocity continues to fall rapidly in both the USEconomy and that of Canada, reaching 50-year lows in the Untied States. The indication is failure in monetary policy, as hyper inflation has killed capital on an extensive basis. The capital destruction is in its fourth year, probably having reached critical mass. Compared and contrasted with fast rising money supply, the systemic failure is obvious to conclude. The exception is to morons, Wall Street junkies, Big Bank criminal elite, and USGovt hacks. The fast decline in Money Velocity means that it is not moving in the body economic. The reason is simple. The blood system is contaminated with the USDollar, a toxic currency with no backing in a hard asset. The new money is toxic currency under phenomenal debasement by its own steward, the USFed itself. They redouble their harmful policy instead of abandoning it.

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    The Money Velocity picture is not pretty. The declining rate has broken lows set 50 years ago. Technically, the velocity of money is the frequency at which one unit of currency is used to purchase domestically produced goods and services within a given time period, like an inventory cycle time. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy. The result would be that growth (as measured in GDP) should be rising. With falling velocity of money, then fewer transactions are occurring and a recession is indicated. Such is the present case in astonishing rapid deterioration. Consumers and business are holding firm their money rather than investing it, as they see poor prospects. New capital formation is not occurring inside the USEconomy, or pitifully little. Debts are being dissolved, usually in default. It should be noted that the velocity of money has also been falling in the EU and Japan. The entire global economy is in recession, the pathogenesis shared.
    ….
    GOLD STANDARD PROTECTION, SOLUTION, FUTURE
    The protection is with Gold & Silver bars & coins. The solution is not more bond purchases, broader monetization programs, more liberalized bank reserve rules, or suspended accounting rules. The solution is liquidation of the big dead zombie banks, and a return to the Gold Standard. It will be put in place. It will be installed. It will arrive with a vast new structure of legitimacy. It will include barter systems and decentralized mechanisms. It will include new Letters of Credit based in Gold Trade Notes. But the East led by Russia, China, and followed by India, Japan, and South Korea will be the promoters, installers, and architects of the new strong stable equitable Gold Standard system that the Untied States dreads and fears. The West will continue its rapacious confiscation of wealth and its vicious devotion to war until the platform they stand on built of USD ceramic tiles and USTBond cables and SWIFT pylons collapses. The return of the Gold Standard will relieve the global economy of the burden and wreckage of central bank ruinous and criminal actions. The damage will be extensive. The survivors will be owners of Gold & Silver. The rest will become debt slaves in a nasty fascist state.

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April 17, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , | Leave a comment

Nomi Prins: Financial Crash-Collapse Coming, It Should Have Happened Already!

  • Nomi Prins-Financial Crash-Collapse Coming, It Should Have Happened Already! 
    Published on Apr 15, 2014
    http://usawatchdog.com/nomi-prins-aut… On another financial collapse, best-selling author Prins predicts, “We absolutely can. There is much more reason that we will than that we won’t. The stability of the system is really fake. A lot of speculation has occurred with cheap money, and then it is bailout, and then nothing changes, and then something worse happens. That is the current pattern and the pattern of the last three decades.”

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    Prins, who is a former top Goldman Sachs banker, exclaims, “It is very easy to see how the system could unravel because it isn’t stable. We are definitely in big trouble. There is no way we are not headed for a crisis. . . . It should have happened already, but the level of support is epic and reckless from the political and financial elite.”

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April 17, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a comment

Peter Schiff: The Coming Economic Collapse by 2014 – 2015!

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April 17, 2014 Posted by | Economics, Social Trends, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Ukrainian Crisis Triggered by US Deep State in Preparation for Revamp of International Monetary System?!

Global currency, economic and financial storm coming!

Global currency, economic and financial chaos/storm coming!

  • “Our analysis is that the Ukrainian crisis was triggered by the U.S. deep state in preparation for the introduction of the next reorganization of the international monetary and financial system.  This is to retain the EU in the area of U.S. domination.” - Quote
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  • Ukrainian Crisis Triggered by US Deep State in Preparation for Revamp of International Monetary System! 
    by Bruno Paul, http://www.silverdoctors.com/
    We first established in January 2013 the need to resolve the problem of the international monetary system, and its absolute priority. We then proposed in May 2013 a strategy to effectively prepare the necessary resilience to support the change in the international monetary system. The various official announcements over the past months have largely confirmed that this anticipation was shared.
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    The synthesis of this strategy was again stressed by Laurence Brahm on 21/10/2013:
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    “ It is not the complete removal of the old Bretton Woods financial architecture but rather the creation of a new parallel structure to the old. Eventually, countries will be able to choose which architecture is better suited to their own plans for reconstruction and renovation. ” [4]
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    This week of April 2014 where I release this article sees an important step in international relations. It is nothing less than discussing the 2015 framework and choosing between the repetition of the Vienna Conference in 1815 (the Concert of Nations) or Yalta Conference in 1945 (the Cold War) that will support the “new rules of the game in international politics“. [5]
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    In fact, this week in Europe a large number of high level bilateral meetings take place:
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    *  President Xi with the Prime Minister of the Netherlands, François Hollande, Angela Merkel then with the European Commission president [6]
    *  President Obama with President Xi, and then he has extended his trip at the last minute to meet the Heads of State of the Netherlands, Italy, Belgium, UAE, South Korea, Japan, then a meeting with the Pope in Rome and a meeting with the King of Saudi Arabia. [7] Not to mention a planned meeting with Mr Barroso and Van Rompuy [8]
    *  The G7 meeting on the sidelines of the Nuclear Security Summit in 2014
    *  And other bilateral meetings, more or less official and prepared, among other heads of state following their presence at the Nuclear Security Summit 2014. Officially the goal is mostly to talk about the crisis in Ukraine and Crimea, or to sign some contracts. The public communiques will mention them.
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    We believe that other issues, much more important but related, will be discussed: those around the current reorganization of the new international monetary and financial system.
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    Our analysis is that the Ukrainian crisis was triggered by the U.S. deep state in preparation for the introduction of this next reorganization. [9] This is to retain the EU in the area of U.S. domination. [9.1]
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    The time has come to clarify what we mean by new international monetary and financial system. We believe this is not only about launching what is already announced:
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    *  A Development Bank for BRICS parallel to the World Bank
    *  A BRICS stabilization fund parallel to the IMF
    *  New bilateral trade agreements parallel to the WTO but to go much further.
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    Firstly, BRICS Development Bank is becoming a “Bank initiated by BRICS for the development of all interested parties” and whose governance is open to any state wishing to join with the framework agreement. [9.2]
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    Secondly, and this is the most innovative part: it is to create another parallel institution to the Bank for International Settlements (BIS). This is the oldest international financial institution fully governed by the West (6 permanent members and founders are the central banks of Belgium, France, Germany, Italy, UK and USA, which can have a double voting weight – analogy with Obama’s meetings this week is not a coincidence [10])
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    BIS is the central bank of central banks, that is to say, it organizes and manage trade between them … especially those concerning physical gold. Activities related to financial regulation (the famous Basel Committee rules) were added much later, after the existence of the bank became public when it was kept secret since its inception. [10.7]
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    The first problem to solve for the overhaul of the international monetary and financial system is not really the choice of a new currency. This is only a means. This is primarily to ensure price stability and the development of international trade. Otherwise, the only alternative is endless war for resources that are increasingly scarce. It is therefore necessary to separate the problem of a reference currency for international trade, from that of a reserve currency for central banks.
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    Global geopolitical dislocation following the 2008 crisis has cut the Gordian knot: there is no need any more to make a decision for all countries (which has blocked reform for many years [10.6]). Now BRICS countries have the initiative and willingness to move forward. This will is the key factor as we wrote: [10.9]
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April 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Paul Craig Roberts Warns U.S. Now Close To Total Collapse!

US_Economic_Collapse

  • Once Russia and China decides to abandon the SWIFT system, other countries which do business with them will have to implement the new system ie. the alternative to SWIFT. This implies that the western Illuminati’s global currency, financial and economic hegemony is over! The dollar will collapse!
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  • Paul Craig Roberts Warns U.S. Now Close To Total Collapse! 
    by http://www.kingworldnews.com
    Today former US Treasury official, Dr. Paul Craig Roberts, warned King World News that the United States is now close to total collapse.  Dr. Roberts also accused Goldman Sachs and the Fed of being totally corrupt as they desperately maneuver to try to prevent the collapse of the SWIFT payment system, and he also blasted Goldman Sachs for reiterating its call for $1,050 gold.  Below is what Dr. Roberts had to say in this powerful interview.
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    Eric King:
      “Dr. Roberts, we’ve seen Goldman Sachs reiterate their call for $1,050 gold, which has facilitated the smash on gold today.  This comes on the anniversary of last year’s $200 two-day smash in gold.  But Goldman is claiming gold will decline because the U.S. economy will accelerate in the second half of this year.”

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    Dr. Roberts:  “The American economy is not going to boom because real consumer incomes have been falling, not rising.  If there is no income growth then there is no credit growth either.  So the U.S. economy is definitely not going to accelerate….

    The West may not be in a position to prevent an explosion in the gold price if Russia and other countries drop out of the SWIFT system.  The Russian energy transactions are a trillion dollars or more (each year).  Well, that’s equal to the amount of QE that was injected into the system annually.  So the elimination of that demand for dollars in international transactions would offset a year of QE.
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    read more!

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April 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

John Rubino: Is The Demise Of The PetroDollar Coming?!

  • Published on Apr 13, 2014
    John Rubino sees big risks for the Dollar ahead. As it tries to punish Russia for the latter’s dismemberment of Ukraine, the West is discovering that the balance of power isn’t what it used to be. Russia is a huge supplier of oil and gas — traded in US dollars — which gives it both leverage over near-term energy flows and, far more ominous for the US, the ability to threaten the dollar’s reign as the world’s reserve currency. And it’s taking some big, active steps towards that goal.

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April 16, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

Russia Declares War on U.S. Dollar!

PetroDollar_Scam_Breaking_Down

  • Russia Declares War on U.S. Dollar! 
    by Jerry Robinson, http://ftmdaily.com/ 
    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.
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    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
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    From the Financial Times, a story entitled: Gazprom Looks to Drop the Dollar to Avoid Sanctions’ Bite:
    The oil arm of Russia’s state-owned Gazprom is preparing customers to settle contracts in euros rather than dollars as it braces for the possible escalation of US sanctions against Moscow.
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    Alexander Dyukov, chief executive of Gazprom Neft, told reporters in St Petersburg that the company had discussed shifting contracts to euros with its customers. “Practically all – 95 per cent of our customers – confirmed their willingness to move to settlement in euros,” he said.
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    Through Gazprom, Russia is openly declaring war on the U.S. dollar and its long-standing role as the settlement currency in global oil transactions. Ukraine is yet another proxy war for the U.S. and Russia. Now, however, the long knives are coming out.
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    The Financial Times report continues:
    One senior banker said that many commodity groups, including Gazprom Neft, had held talks with bankers about financing in euros rather than dollars. “Every commodity sector business is talking about what is possible if you couldn’t do deals in dollars – if you couldn’t get dollar clearing through New York,” he said.
    Such a switch could result in higher costs for companies because of the need to convert currencies and the lower liquidity for those other than the US dollar.
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    read more!

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April 16, 2014 Posted by | Economics, EndTimes | , , , , , , , , , , , , , , , , , , | Leave a comment

Keiser Report: Petrodollar vs Petroyuan!

  • Published on Apr 12, 2014
    In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the dollar at the bottom of the shampoo bottle and JPMorgan about to have a very cold winter. In the second half, Max interviews investor and businessman, Jerome Booth, about emerging markets in an upside-down world in which most investors have core-periphery disease.

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April 14, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: The Gazprom Wars and The Ukrainian Trap on The Plane Truth!

April 14, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

U.S. & Russia at Odds Over Ukraine, GOP Wants IRS Chief Prosecuted, Sebelius, Out Over ObamaCare!

  • U.S. & Russia at Odds over Ukraine, GOP wants IRS Chief Prosecuted, Sebelius, Out over ObamaCare! 
    by Greg Hunter’s USAWatchdog.com 
    This headline is only half right–“Putin turns up the heat in Ukraine.”  It should read, Obama and Putin turn up the heat.  I think this is the big story, and it is being underreported.  It has both financial and real war implications.  Let’s start with what Russia is doing.  It is now going to issue a new bond based in the yuan.  Are you getting that?  This is yet another move away from using the U.S. dollar to settle international trade.  Russia is also hiking the price of natural gas to Ukraine by at least 50% in May.  The Russian’s are going to want the cash for natural gas up front.  Russia is warning of the dire debt crisis in Ukraine and how this could threaten Russian natural gas deliveries to the EU.  I said it’s game on for financial war, and this is proof.  Meanwhile, the U.S. is threatening more sanctions on Russia over the growing Ukraine crisis.  On top of that, it is being reported by the AP, NATO’s top commander says he could start deploying U.S. troops in Eastern Europe to counter Russian military pressure put on Ukraine.  There are negotiations next week between the U.S., EU, Russia and Ukraine.  I hope these talks go well, but I can’t see how they can.  Keep an eye on this crisis; it has global implications for continued financial war and a shooting war.
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    Lois Lerner, the former IRS chief at the heart of the scandal targeting conservative groups such as the Tea Party, is now a target herself.  House Republicans have sent a criminal referral to the Justice Department.  The GOP wants Eric Holder to look into prosecuting her for criminal acts that go against basic First Amendment rights of the Constitution, among other allegations of criminal wrongdoing.  The mainstream media (MSM) has largely ignored this story, but make no mistake, this is big.  I think the MSM should be ashamed of themselves for not covering this.  After all, this is a 1st Amendment issue, and every news organization should be doing all it can to protect this Constitutional right.  If this was a Republican administration using the IRS to target liberal Democrats, I guarantee you they would be all over this non-stop, but they are not.  This is why I say the MSM lies by omission. This story is not going away.  There is much more than a “smidgeon” of evidence here. 
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April 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Paul Craig Roberts: 2014 Will Be Year Of Reckoning For U.S.!

Global financial storm is coming!

Global financial storm is coming!

  • “One of two things is likely: Either the US dollar will be abandoned and collapse in value, thus ending Washington’s superpower status and Washington’s threat to world peace, or Washington will lead its puppets into military conflict with Russia and China. The outcome of such a war would be far more devastating than the collapse of the US dollar.”
    - Quote from: Is the US or the World Coming to an End? — Paul Craig Roberts
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  • Paul Craig Roberts – 2014 Will Be Year Of Reckoning For U.S.! 
    by http://www.kingworldnews.com
    Today former US Treasury official, Dr. Paul Craig Roberts, warned King World News that 2014 will be a dangerous year of reckoning for the United States.  Dr. Roberts also warned a collapse is coming that will be so powerful it will overrun the Exchange Stabilization Fund and other measures now in place by central planners to protect against such catastrohic market events.  Below is what Dr. Roberts had to say in this remarkable interview.
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    Dr. Roberts: 
    “The people who are saying that the Ukraine crisis will cause a flight to safety and a rise in the dollar’s value are overlooking the main impact of the crisis in the Ukraine which comes from Washington’s threat of sanctions against Russia.  And the Russian government replied to this threat by announcing that they were simply leaving the dollar-based payment system….
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April 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

Jim Rickards: Next Crisis Will Be Worse than 2008 Because it Will Be Bigger Than the FedRes!

http://www.amazon.com/The-Death-Money-Collapse-International/dp/1591846706/ref=tmm_hrd_title_0

  • Jim Rickards is an ‘insider’. His information on 9/11 insider trading is largely propaganda, mis-direction, dis-information!
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  • Jim Rickards: Next Crisis Will Be Worse than 2008 Because it Will Be Bigger Than the Fed! 
    by http://www.silverdoctors.com/
    Summary
    The five biggest banks in the United States in 2008, today those banks are bigger. They have a larger percentage of the assets of the banking system.  They have much larger derivatives books and if you apply what I use which is complexity theory, to understand the risk in capital markets, you know that when you increase something in scale, the risk does not go up in a linear fashion. It goes up in an exponential fashion so the risk is – the size of the system is greater than ever before and the risk gets exponentially greater than ever before.
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    So we have a lousy economy. We have massive risk. We have the whole thing getting propped up like money printing by the Fed. This is naturally going to happen except this time, the next time, it will be worse than 2008 because it will be bigger than the Fed.
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    From Tekoa Da Silva, Sprott’s Thoughts:
    Tekoa Da Silva writing today. I recently spoke to Jim Rickards, Portfolio Manager at the West Shore Group and author of the New York Times best seller Currency Wars. His upcoming new release,The Death of Money, will be available in April.  Read on for the full interview.
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    TD: Hello Jim, it’s a pleasure to have you here. What prompted you to write your new book,The Death of Money, which will be out April 3rd? I was lucky to receive an advanced copy and it is one of the most exciting financial books I have ever read.
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    JR: Well, thank you Tekoa. The release date actually is April 3rd in the UK and around the world for the export edition but in the United States and Canada, it will be April 8th. But either way it’s available for preorder on Amazon now. So if anyone is interested, they can go find it on Amazon.
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    But yes, thank you. The Death of Money, the new book, it’s both a prequel and a sequel to Currency Wars and let me explain what I mean by that.
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    One of the parts of the Currency Wars that a lot of readers enjoy the most was the first two chapters where I described the financial war game that was conducted by the Pentagon in 2009 at the top secret weapons laboratory outside of Washington and one of the reactions I got from that, people say, “Well, gee, that was really interesting. But what were you doing and how did you get invited? Why were you the guy that they turned to design the game and all that?”
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    That’s a good question and then the new book, The Death of Money, I actually go back in time, back to 2003 and talk about my involvement in national security matters prior to the war game and when you read the description that appeared in 2003 to 2008, it becomes sort of more apparent what I was doing in 2009 with the Pentagon.
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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?

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  • 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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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!

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

Click on image for article!

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  • “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.

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petrodollar-explained

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

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