Forbes: In Global Currency War II, Shots Fired Over India!

No currency war! Yeah right! Only competitive currency devaluations!

• In Global Currency War II, Shots Fired Over India! 
  by Kenneth Rapoza, http://www.forbes.com/ 
  Japan’s Central Bank may want a weaker currency, but the Reserve Bank of India wants nothing to do with a weaker rupee. On Tuesday, the RBI stepped in to save the currency with major currency purchases as the rupee slipped to a new low.
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  Weaker currencies don’t always make a country more competitive, at least not immediately. It’s a combination of things: labor costs, location, scale. But one thing is for sure, since the 2008 crisis there has been what some call a currency war going on.  The big guns are from the Fed, weakening the dollar for a number of reasons. One is to help make U.S. goods cheaper to acquire. Then came the European Central Bank.  Call that Currency War I.
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  Now with Japan weakening the yen, we have Currency War II.  Korea is complaining about it.  And now India is starting to worry about it. The RBI wants to save the rupee. Exporters worry that other competing countries are getting cheaper as their currencies slide even faster.
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  India’s rival markets are watching their currencies fall and now some exporters are starting to worry, The Economic Times reported on Wednesday. Indonesia and South Africa, for instance, both compete with India in global textiles, agri-products, engineering goods, electronics and chemicals. On Tuesday, the rupee hit an all-time low of 58.98 against the dollar before the RBI stopped the blood letting. One rupee gets you about $0.17. It’s down 6.26% year-to-date.
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  But exporters are watching their rivals get even cheaper. The South African Rand is down 15.78% year-to-date.
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  Currency War II is a new phase.  Call it the “something’s gotta give” phase.  Economists at Ashmore Group think that emerging market central banks will turn to different currencies instead of the euro, yen and dollar. They might buy more gold. But they will likely buy more of each other’s bonds.  Then again, that would only make their currencies stronger.
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Chinese Prepare for Public Flood into Gold | McAlvany Commentary!

Credit Suisse Chief Risk Officer: Bail-In – The Key to Ending “Too Big To Fail”! Still Trust the Big Banks?!

Still feel safe keeping your money in the TBTF Banks? Got physical gold yet? Don’t wait till you are robbed legally!

• Published on Jun 12, 2013           
  In late 2008, the markets plunged into a deep systemic crisis when big banks like Lehman began to fail. In a recent speech, Wilson Ervin, who was the Chief Risk Officer of Credit Suisse in the crisis, discusses what we’ve learned about systemic risk and how we can avert future failures. The key is “Bail-in” — a new technique for resolving failing banks without costly bail-outs.

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Did the ECB Mega Bailout Just Hit the Wall?

• Did the ECB Mega Bailout Just Hit the Wall? 
  by Graham Summers, http://www.goldseek.com/
  Few analysts know or admit it, but the only thing that held Europe (and ultimately the financial system) together since May 2012 was the promise of unlimited bond purchases from the ECB.
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  The reason this worked was because traders poured into European bonds in an effort to front run the coming ECB purchases (much as they have done with Treasuries during every new QE plan in the US).
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  This in turn became a self-fulfilling prophecy as European bond yields fell which induced more buying… which resulted in politicians proclaiming that the EU Crisis was “over.”
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  However, none of the structural issues in Europe were solved in any way. And now we’re getting to the details of the ECB’s proposed plan. And they are… nothing. The ECB is asking Germany’s constitutional court to “OK” a plan to buy whatever the ECB wants…without providing any legal details around the deal.
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  Why is this? How can you ask for unlimited funds without providing any details? Even a mortgage requires contracts. Surely an unlimited bond-buying program would require mountains of documents?
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  The fact of the matter is that the ECB knows there is no such thing as “unlimited” buying. At some point the bond markets will reject intervention (much as they are in Japan today).
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  Instead, the ECB used the term “unlimited” because it wanted investors to “imagine” that everything was solved. But Europe doesn’t have much money.
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  Indeed, Germany initially was going to set the program’s limit at a little over €500 billion… that sounds like a lot, but when you consider that the EU sovereign bond market is over €11 TRILLION and growing monthly, this will only go so far.
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  Put another way, the entire “unlimited” promise by the ECB was a bluff. The markets are beginning to figure this out which is why Europe is heading back into Crisis.
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  read more!

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Financial Chaos, Currency Destruction & Cracks In The System!

• Financial Chaos, Currency Destruction & Cracks In The System! 
  by www.kingworldnews.com
  On the heels of more US dollar weakness, today James Turk warned King World News about coming financial chaos, currency destruction and cracks that are appearing in the global financial system.  Turk also spoke at length about the action in both gold and silver and what to expect going forward.
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  Turk: “Today was a very important one for the precious metals in several respects, Eric.  First, another week has passed since the May 20th low in gold and silver.  That means with each passing day the base of support building under the market is getting bigger and therefore stronger. 
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  That’s very good news, and it also ties into the second key point:  Both precious metals closed Friday on their lows, which has become a common occurrence in recent weeks.  But they did not collapse on Monday morning like they did on that May 20th low, which I previously told you seemed like a selling climax.  Both gold and silver did indeed open lower here in Europe today but quickly found solid support and started climbing higher. There was another attempt to push gold lower after the Comex opened today, but that raid failed too….
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The Ongoing War In Gold & A Coming Currency Collapse!

Click on image for introductory flyer on book!

• The Ongoing War In Gold & A Coming Currency Collapse! 
  by www.kingworldnews.com
  Today one of the savviest and well connected hedge fund managers in the world spoke with King World News about the ongoing war in the gold market and what to expect going forward.  Outspoken Hong Kong hedge fund manager William Kaye also warned there would be a currency collapse and discussed the bigger picture of what is actually taking place in the West and the East.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in this tremendous interview.
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  Kaye:  “The selling action on Friday was pretty well-foreshadowed.  Virtually every Non-Farm Payroll report, irrespective of the number, we’ve seen the same type of downside action.  The number, which is made up anyway, is always gamed.
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  There is clearly no evidence of a recovery, but as I said they gamed it anyway.  Once the paper market in London had been settled, the COMEX market was jammed lower and it has continued to be leaned on.  One thing that needs to be understood is that right now in Asia time we are dealing with something that is a little bit unusual….
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Click on image for article!

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Ron Paul: It’s Going to Get Much, Much Worse!

• Ron Paul: Rejecting Authoritarian Government Is Our Greatest Priority! 
  by Adam Taggart, http://www.peakprosperity.com/
  Self-reliance is the key to our future       
  Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies.
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  His last term in the U.S. House of Representatives ended earlier this year, so we caught up with the former Congressman to get his latest perspective on how successfully our national leadership is dealing with America’s economic challenges.
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  In Dr. Paul’s assessment, Washington is too committed to deficit spending and the debt-based economy – both operationally and philosophically – to expect it to embrace a more fiscally-responsible model without a forcing crisis (which he believes is coming):
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  [T]hey believe it like a religion that spending is good no matter what the spending is on. And that the deficits don’t matter; deficits are not a burden. And even though we have this national debt and we have a foreign debt, they don’t consider that so bad, as long as people will spend money. And if the people won’t spend any money, the government has this moral obligation to do it.
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  I don’t expect anything else because they are reflecting what I consider “prevailing attitudes.” And the prevailing attitudes for the last 50 or 60 years, especially since the 1930s, has been spending and deficits and printing money is the way to go.
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  But where I am encouraged is outside of Washington. You get a better perspective from people like you who talk about this and get people to look at their investments. I think this is beneficial, because a lot of people are realizing this whole system is deeply flawed, and they are looking elsewhere. And that is why I talk a lot about free markets, and property rights, and Austrian economics, and getting rid of the Fed. All these things are now up for grabs. A lot of people, especially the young people, are looking at this. So, for this reason, I am a bit encouraged by what might come out of this.
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  But I think we are going to go through the wringer. I think it’s going to get much, much worse. It is bad enough already, but there is no way that we can step back.
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  The one thing I am convinced of, after having spent so much time in Washington, is that this will not be a gradual recovery from this disaster that we have. We are not going to elect enough people and have enough courage to vote the right way; there is too much demagoguing and too much misunderstanding. The people would revolt, but the collapse will come. It is going to hit the dollar, and then we are going to have our opportunity.  
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  So, the more people who are protected intellectually as well as financially, the better off we will be in rebuilding what we will need to do in the near future.
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Gregory Mannarino: FedRes Hell-Bent On Hyper-Inflating Stock Market !

• Gregory Mannarino: FedRes Hell-Bent On Hyper-Inflating Stock Market ! 
  by Greg Hunter’s USAWatchdog.com 
  Analyst-trader Gregory Mannarino says, “The Fed is the sole driver for the market at this time.  They’ve caused an absolute and disconnect in the economy and the market.  When that happens, you know you have a bubble. . . . The Federal Reserve is hell-bent on hyper-inflating the stock market at the expense of the U.S. dollar.”  Mannarino predicts, “I believe the market will be higher at the end of the year than it is now.  Why? Because they’re going to hammer the dollar and hammer metals too.”  Mannarino goes on to say, “They do not want us to believe that gold and silver are real money.  They want you to believe that pieces of paper with 100 on them are real, and they can’t have people in real assets.”  Mannarino says the wealthy of the world are not being scared off by the Fed’s price manipulation in the metals markets.  He claims, “Anyone who has their eyes open here understands the demand for these metals has never been higher by the richest people in the world. . . . You’re going to see gold, silver and crude spike to highs people are not going to believe.”  As far as the not-so-rich, Mannarino simply says, “. . . They’re being led to the slaughter.”  Join Greg Hunter as he goes One-on-One with Gregory Mannarino of TradersChoice.net.    

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Verizon & the NSA Are Constructing the “Red List” ! New World Order Global Surveillance Police State!

• Verizon & the NSA Are Constructing the “Red List”! 
  by Dave Hodges, thecommonsenseshow.com 
  The Washington Post broke a story this week which should wake up even the most dyed-in-the-wool sheep. This news and the implications arising out of this news is so heinous, so horrific, so tyranny laden, that even the sheep should be picking up pitchforks and begin to hunt down the banksters.
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  The Washington Post revealed what most of us, who have intelligence community sources, have known for a very long time.  Namely, all American citizens are persons of interest for this bankster controlled criminal government. This violates every precept of our justice system, yet, will anyone go to jail for these criminal acts being perpetrated against the American people? Absolutely not! It will be just like the child sex-trafficking rings run by Dyncorp and Goldman Sachs and the MF Global theft ring led by John Corzine and Gary Gensler (both ex-Goldman Sachs boys). NOBODY will do anytime for these acts, and this article will detail why not and how this is a major threat to all activists and freedom loving people living in the country.   
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  For the past 90 days, Verizon has handed over information on all telephone calls within its network to the banker controlled federal government and their NSA. This news, which was revealed thanks to a leaked court document, is the most disturbing development towards the enslavement of the American people.  
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  Building a Bridge to the New World Order – Karen Hudes
  Former high-powered World Bank attorney, Karen Hudes, appeared on my talk show for two hours on June 2nd.
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  Hudes was the ultimate insider and I received some criticism for having her on my show because of her association with the World Bank. However, we need allies who are indeed powerful defectors and also, the benefit far outweighed the cost.
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  Karen Hudes is an insider’s insider. Her contacts reach into the pinnacles of power on this planet and in our interview, she praised the alternative media in lieu of the MSM who “lies and ignores the truth.” She also condemned the international banksters and said very dark days are ahead if we are not successful. These are the words of an insider. Are you listening?
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  Hudes still has the ability to communicate directly with heads of state, ambassadors and US Congressmen and Senators. Hudes also has a conscience as she was ultimately fired for refusing to turn a blind eye to the massive World Bank corruption which serves to endanger every currency on the planet, as well set the possible stage for WWIII.  In the course of the interview, Hudes made the following stunning revelations.
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  ·         The World Bank is criminally reckless and “is being run as a mafia organization” by out of control criminal bankers.
  ·         The World Bank is illegally confiscating material assets from various foreign countries in only what can be considered as an act of war. For example, the World Bank is refusing to allow Germany to inspect the gold that the World Bank is holding for them.
  ·         Germany has subsequently demanded the return of their gold and the World Bank has said “no” and Hudes referred to this as an act of war.
  ·          Because of the massive corruption at the World Bank, the US has lost its ability to appoint the President of the bank.
  ·         Hudes’ actions led to a congressional investigation in which the world bank refused to comply.
  ·         Hudes proclaimed that with all the interlocking boards of directorates the media is controlled by one entity with one mind set. She also encouraged my listeners to get their news exclusively from the alternative media.
  ·         Hudes also stated that a very small minority of banks virtually controls the world’s economy and that it would only take the reckless actions of a few to bring down this house of cards. 
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  There is also independent justification for Hudes beliefs as she loosely referred to the Swiss Federal Institute (SFI) in Zurich which released an investigation which looked into who really has the power on this planet and how much do they have?  The report is entitled “The Network of Global Corporate Control” the report documents that a small group of corporations that number only 147, which in turn forms one supra corporate entity, controls 40% of the entire wealth on the planet.
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  Not surprising at the heart of the power are the banks. The major players include household names such Goldman Sachs, JP Morgan Chase, Bank of America, Morgan Stanley, Vanguard Group and Barclays. Lesser known entities include Deutsche Bank, Societe Generale and UBS, who I just learned profited from the Gulf oil explosion, presumably through insider information which allowed them to preposition assets in anticipation of the event.
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  The SFI report goes on to say that these controlling groups are so intertwined that they are almost indistinguishable from each other. This is the same strategy that Karen Hudes made reference to in terms of on entity which is controlling the media.
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  The danger with this kind of consolidated power is that they can bring down the entire global system, while these banksters have their assets neatly tucked away, say in gold, while the rest of the world burns. Does it make sense now why, back in April, Goldman Sachs ordered their brokers to get their clients to sell short on their gold? Meanwhile, the banksters went on a gold buying spree at greatly reduced prices as they get ready to profit from the chaos that they have created. And they get to sit out the whole civil war/WWIII debacle deep underground. The banksters will undoubtedly surface with their gold when it is finally surface. With the planet destroyed, they will be free to make civilization in their own image. This is their ultimate scheme to rule over the planet.  
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“The ultimate goal that these people have in mind … is the goal to create a One World Government run by the banking industry .. run by the bankers! … The whole agenda is to create a One World Government where everybody has an RFID chip implanted !”
- Aaron Russo 0:15 onwards
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“He’s (Rockefeller) the one who told me 11 months before 9/11 ever happen, there was going to be an event. .. And out of that event we will invade Afghanistan, (for) the pipelines to the Caspian sea. We were going to invade Iraq .. to take over the oil fields, establish a base in the Middle East and make it all a part of the New World Order! And we will go after Chavez Venezuela. Sure enough 9/11 happened ! … And there was going to be this War on Terror which has no real enemy. And the whole thing is a giant HOAX! … This whole War on Terror is a FRAUD! ”
– Aaron Russo 2:30 onwards

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Lindsey Williams on K-Talk with Mills Crenshaw – 6th June 2013 !

Alex Jones & David Icke: The Royal Families Illuminati, Satanism, Pedophilia, Murdering Past …

Financial Insider: “We Are Moving Into the Last Stages Before An All Out Collapse”!

• Financial Insider: “We Are Moving Into the Last Stages Before An All Out Collapse”! 
  by Mac Slavo,  June 7th, 2013, SHTFplan.com 
  With the United States having reached unprecedented levels of debt and no end in sight, Europe close to widespread destabilization, and Japan now having lost control of their bond market, it should be quite apparent that there is no turning back.
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  Governments around the world are doing everything in their power to maintain the perception that all is well. Despite their best efforts, however, the coming catastrophe cannot be stopped.
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  The following video and accompanying excerpt recorded on the Hagmann and Hagmann Report Nightly Radio Show features Steve Quayle and financial insider “V,” also known as the Guerrilla economist. This is critical knowledge and foresight into what is happening, what the triggers for the next collapse will be, and how the world’s elite plan on making their exits. You will never hear information like this from mainstream media sources until after the fact, if ever.
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  Be forearmed and forewarned, because as “V” notes, what’s coming will leave no one on this planet untouched. Video excerpt produced by The Daily Sheeple with permission from The Hagmann and Hagmann Report :
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  The collapse that’s going to occur here is going to be a trifecta of bonds, stocks and real estate combined.
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  The Fed over here has ordered – and I want everybody to listen because this is insider information – the Fed has ordered the U.S. pension funds to begin to acquire U.S. debt. That is coming down the pike, it’s going to start happening, the states are going to start carrying it in order to fatten up their books… So, we are moving into the last stages before an all out collapse.
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  That’s exactly where we’re headed. Now the Rubicon has been crossed… the armies are surrounding the Capital itself.
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  We’re at a very critical juncture, and that’s what’s got me freaked out the most. The Japanese have lost control and they don’t know what to do at this point. .. They’re telling the public “don’t worry, everything’s ok.”
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  That is a signs, folks, that they are panicking. That is a sign that everything is not OK… that there is a great fear and trepidation that has begun. And when this thing goes bust, this is the trigger that’s going to bring this whole thing down.
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  We’re on the last leg for this whole storybook. Unfortunately, it’s not going to be a storybook ending. So we’re in the last few pages of a chapter that’s been written about a hundred years ago, and it’s soon coming to an end.
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   Now the question becomes, what exactly are they going to do? They’re going to bring this thing to a halt. They’re going to create economic turmoil and a crash. And then they’re going to sell the population on some sort of armed conflagration, some sort of a massive global war.
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  That is typically the playbook of the globalists. That is typically what we see, a pattern that is repeated often.
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  A small scale controlled regional war is not going to fix the $1.5 Quadrillion derivative debt globally. A small scale regional war is not going to fix the massive levels of unemployment in America, in Europe, in Japan…
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  It’s not going to fix the economic problems that have festered in much of the western world and parts of the world that utilize a western style of banking. It’s not going to fix it this time.
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  This time they’re going to drag everybody in. This time there’s not going to be anybody who’s going to be unaffected.
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  Let me tell you right now. It is mathematically impossible to pull this back. It’s mathematically impossible. You cannot recall this.
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  Recorded May 24, 2013 (full interview here)

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Marc Faber: Even ‘QE 99′ Won’t Help Economy!

• Marc Faber: Even ‘QE 99′ Won’t Help Economy! 
  by Jenny Cosgrave, www.cnbc.com
  The market’s obsession with quantitative easing and the Federal Reserve’s willingness to provide an “unlimited” supply of liquidity has not boosted employment for ordinary people and it “does not benefit the man on the street”, notorious bear Marc Faber told CNBCTV-18.
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  Faber, well known for his monthly investment newsletter “The Gloom Boom & Doom Report” compared the market’s fixation on the Fed’s bond buying program with money supply issues in the 1970s and employment in the 1980s, and said while it may have helped investors it has done nothing for the rest of the population.
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  “Whenever the market is obsessed with one indicator, whether in the 1970s when it was the money supply, or in the 1980s, when it was the deficit, employment, it usually loses its relevance,” Faber said.
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  “In 2009 they started with QE1, (I believe) we would go up to QE99 or there will be an unlimited QE over time, I still believe that. The only thing is that over time the impact of QE or money printing loses its traction,” he said.
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  “This QE has not boosted employment for the ordinary people but has boosted the asset prices that are owned by very small portion of the population, the 1 percent, it is not even 1 percent, it may be 0.5 percent that benefits from rising stock prices, rising high end property prices in the Hamptons,” he added.
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  In emerging markets, India was the contrarian investor’s pick, despite the nation’s “horrible government”. Faber said there is strong growth potential, with expansion prospects mainly in retail, manufacturing, distribution and pharmaceuticals.
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Catherine Austin Fitts: Gold Going to More of a Sound Money System!

• A Political Problem-Not an Economic Problem-Catherine Austin Fitts! 
  by Greg Hunter’s USAWatchdog.com 
  Investment banker Catherine Austin Fitts sums up the historic global financial problems by saying, “We have a group of people who have the power to act with impunity.  They are above the law.  They are centralizing and consolidating economic and political power.  We have a political problem.  We don’t have an economic problem.”  Fitts’ analysis shows, “We’ve been on a debt model, and now we’ve got to get the planet on an equity model. . . .You are going to do everything you can do to get people into equities.  Slamming precious metals down helps do that.”  But Fitts says that won’t stop the gold bull because China and the rest of the world are buying the yellow metal.  Fitts contends, “What that means is there is going to be a much more broad-based bull market in gold. . . I think it’s going to more of a sound money system, and gold is going to be a part of that.”  Not everybody wants to be brought into the so-called new world order.  Fitts predicts, “Remember, to come out with a one world currency, you need everybody.  There can be no leakage.  There can be no exceptions. The Russians are determined to be the stinker at the party is what I think.”  Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, founder of The Solari Report. 

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Peter Schiff: The Recovery is Not Real ! The Talk May Be Positive, But The Numbers Are Still Negative!