Socio-Economics History Blog

Socio-Economics & History Commentary

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

Putin: Ukraine’s Gas Debt Critical, Transit to Europe Threatened !

  • Published on Apr 10, 2014
    Russia’s President has warned that Ukraine’s gas debt could threaten energy supplies to Europe. Ukraine’s accumulated gas debt stands at $2.2 billion, in total Ukraine owes Russia $16.6 billion. Read more: http://on.rt.com/30dojd 

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April 12, 2014 Posted by | Economics | , , , , , | 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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    read more!

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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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    read more!

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April 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | 1 Comment

In This Game Russian Gas Beats Your Paper!

April 12, 2014 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , | Leave a 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.
    =========================================
    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.
    -
    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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    read more! 

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

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 :
    -
    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

Police Get Military Tank for Town of 7,000 Residents!

  • Published on Apr 10, 2014
    The MRAP weighs an impressive 49,000 pounds, stands 10-feet tall, and possesses a whopping six-wheel drive. Originally designed to resist landmines and IEDs, it sure seems like the MRAP will come in handy for the notorious war zone otherwise known as Washington County, Iowa.

    http://www.dailyiowan.com/2014/04/08/…
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    TSA Demands Mute Stroke Victim ‘Speak’ in Order to Fly
    What kind of a security threat is a wheelchair bound stroke victim who is unable to talk or write? Apparently a big one, if TSA screeners at Los Angeles International Airport are to be believed.
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    Sherry Wright was attempting to fly with her sister to Phoenix recently, but was barred from doing so by TSA agents who set about forcing her mute sister to try to talk in order to clear security lines.
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    http://www.infowars.com/tsa-harasses-… 

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April 11, 2014 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , | 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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    read more!

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April 10, 2014 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

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