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Jim Rickards: The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil

Remember the Golden Rule: "He who has the gold Rules!"

Remember the Golden Rule: “He who has the gold Rules!”

  • The Fed’s “Nuclear Option”: $4,900 Gold, $100 Silver, $200 Oil
    by Chris Campbell, Jan 17, 2017, https://lfb.org/
    “The final weapon in the Fed’s arsenal,” Jim Rickards, author of The Road to Ruin: The Global Elites’ Secret Plan For the Next Financial Crisis, wrote this week, “is the financial equivalent of nuclear war.”

    The Fed’s “nuclear option,” Rickards warns, is… wait for it… gold.

    We bring this up today because this nuclear option could have a yuge (sometimes spelled “yooge”) impact on the price of not only the midas metal (see below), but of silver ($100) and oil ($200), too. And we want you to have plenty of time to ready yourself.
    ….
    7 Federal Reserve Tools and Why They’re All Flawed
    Jim Rickards
    In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities.

    The following is a survey of seven Federal Reserve tools in the Fed toolkit to stimulate the economy if recession or deflation gains the upper hand and why their toolkit is flawed.

    Helicopter Money
    The image of the Fed printing paper money, and dumping it from helicopters to consumers waiting below who scoop it up and start spending is a popular, but not very informative way to describe helicopter money. In reality, helicopter money is the coordination of fiscal policy and monetary policy in a way designed to provide stimulus to a weak economy and to fight deflation.

    The Nuclear Option — Gold
    The final weapon in the Fed’s arsenal is the financial equivalent of nuclear war. The Fed could instantly create inflation and achieve nominal if not real growth by massively devaluing the dollar when measured as a unit of gold.

    This was last done in 1933–34 and was highly successful. Stocks rallied and commodity prices boomed in the middle of the Great Depression (1929–1940). This boom was not sustained because the Fed and Treasury prematurely tightened monetary policy and fiscal policy in 1937, which put the U.S. economy back into a severe technical recession from 1937–1938.

    The Fed could use this nuclear option by coordinating with the Treasury to make a two-way market in gold using printed money. This would work exactly like quantitative easing, except the Fed would buy or sell gold instead of Treasury bonds.

    The Fed would set an arbitrarily high fixed price for gold such as $5,000 per ounce. The Fed would make that price stick by offering to buy gold from any seller at $4,900 per ounce and selling gold to the market at $5,100 per ounce. This amounts to a 4% band or spread around the target price, a classic pegging technique.

    Gold could be removed from or added to the U.S. hoard at West Point, NY, and money would be created by or destroyed by the Fed in order to make the target price stick.

    If, for example, the price of gold was $1,300 per ounce before the operation, the effect would be to devalue the dollar from 1/1,300th of an ounce of gold to 1/5000th of an ounce of gold, a 75% devaluation of the dollar. This devaluation would not take place in isolation.

    A 75% dollar devaluation in gold would signal devaluation in all other goods and services and result in $100 per ounce silver, $200 per barrel oil, etc.

    This is obviously an extreme measure and would only be used in the face of strong persistent deflation. Yet, the fact that that technique exists and has been used in the past is one reason to conclude that deflation will not in fact persist beyond certain limits because the Fed and Treasury have the ability to stop it as they did in 1933.

    read more.

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January 19, 2017 Posted by | Economics, History | , , , , , , , , , | Leave a comment

Nomi Prins: Financial Crash Possible in Last Quarter of 2017

  • Nomi Prins: Financial Crash Possible in Last Quarter of 2017
    by Greg Hunter’s USAWatchdog.com
    Best-selling author Nomi Prins says two of the big wild cards are Donald Trump and Europe. Prins explains, “The biggest wild card is a combination. Trump is a wild card, but so is Europe. Right now, the political lens goes over to Europe. It’s caught between its old and potentially new structure and potential new political leadership. I think that is a major wild card now. That snakes through Russia, and that snakes through Eurasia relationships, and that relates back to Trump. The wild card is the linkages among those things.”


    Prins, who is a former top Wall Street banker, also thinks it’s hard to define the bad guys and the good guys. Prins contends, “From an economic standpoint, everyone has side deals. So, there is no positive or negative economy. . . . All countries do good things, and all countries do bad things. What is happening right now is all of the alignments between countries have been changing. . . . The reality is there are going to be a lot of things renegotiated, and it’s not just Trump and the U.S. doing the renegotiating. All the other countries are negotiating as well. If there is enough antagonism with how Trump is going to renegotiate those agreements . . . that could limit trade into the U.S., and that could limit our bargaining power. . . . That is all in flux this year.”

    Prins correctly predicted no financial crash for 2016. Prins’ upcoming book is titled “Artisans of Money.” It is all about central bank money creation. What does Prins say about this year? Prins predicts, “In 2016, I pegged the non-crash. . . . Central bankers were finding new ways to extend their money creation policies. That is what kept the markets up. There was a separate bid on the markets after Trump was elected. It was on the expectation that he would be good for growth, that he would be good for infrastructure and that he would create jobs. I do think there is a little juice in the central banks. I keep thinking there shouldn’t be, but they keep surprising all of us with their ability to boost the markets. They have artificially stimulated so many different asset bubbles, whether it’s debt, which is epic, or stock markets, many of which are at historic highs. If we have a crash, it will be in the second half of 2017. The promises, the rate hikes, the dollar being high could collapse into the realities of the stability and this artificialness. I am not sure about a crash this year, but if we see a big decline, it will be in the last quarter.”

    On the U.S. dollar, Prins says, “I think with the expectation of things going well, the dollar will be keeping a bit of a bid. It will be within a range but staying fairly up. I think the dollar will turn around and weaken in the second half of the year. . . .That’s why, in the last half of the year, gold will catch more of a bid.” (Meaning prices for gold will rise according to Prins.)

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January 19, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Red Alert: Davos Elites Call For a Ban on Physical Cash… in the US! ‘666’ Approaching Rapidly!

https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

‘666’ rapidly approaching! Click on image for article.

  • Davos Elites Call For a Ban on Physical Cash… in the US
    by Phoenix Capital…, http://www.zerohedge.com/
    Roughly two weeks ago, when writing about the cash ban in India, I stated:
    – 
    If you think the Elites aren’t watching this unfold with sheer delight you’re mistaken. Globally a war on cash has been declared. And India has now proved that it can be done with little consequence. The fact it INCREASE tax hauls (something every Government on the planet wants) is just icing on the cake.
    http://www.zerohedge.com/news/2017-01-05/elites-dream-cash-ban-now-closer-ever

    Fast forward to this week at the Davos Economic Forum in Davos Switzerland, and Nobel Prize winning economist Joseph Stiglitz all but said the exact same thing.

    Indian Prime Minister Narendra Modi has already removed 86% of his country’s currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

    Should the US follow suit?

    Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would
    , over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum’s Annual Meeting in Davos…

    “I believe very strongly that countries like the United States could and should move to a digital currency,” he said,
    “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”
    https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

    Again… the War on Cash is not slowing down. India effectively removed 86% of the physical cash in circulation and no one was forced to resign. Put simply, India signaled to the global elites that you can implement a near complete ban on physical cash, and there are no real consequences as far as political aspirations.

    We believe that the Elites will be pushing for this policy to hit the US. If you think this is impossible consider that Stiglitz openly called for the US to ban cash in the article above. Indeed, we’ve uncovered a secret document outlining how the Fed plans to ban physical cash and incinerate savings in the coming months.

    read more.
WEF 2016

WEF 2016

Carroll_Quigley_Tragedy_n_Hope2

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

http://www.armstrongeconomics.com/archives/30862

Click on image for article.

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

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January 18, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!

  • Trump Takes The Final Currency War Thermonuclear, Puts Gold Cartel On Notice!
    by , https://www.milesfranklin.com/
    It’s the rare day I wake up to see news so powerfully Precious Metal bullish – regarding its short and long-term implications – I can barely contain myself.  The last such event was the BrExit – which set into motion the inevitable collapse of the European Union and Euro currency as we know it.  Which, seven months later, appears more certain than ever – and perhaps, if this year’s Dutch, French, German, Italian, and Catalonian elections and legislative actions trend in the direction I anticipate, imminent.  Which I assure you, last night’s news will only hasten further.


    Moreover, it’s equally rare to see so many of my predictions borne out in real time; let alone, as today’s events were catalyzed by none other than Donald Trump himself, the most anti-establishment politician ever elected to a major Western political office.  To that end, I have written more of Donald Trump than any single person in my five-and-a-half years at Miles Franklin – who last night, confirmed why back in September I predicted a Trump victory would be the political, economic, and monetary equivalent of a “BrExit times ten.”  To the point that, at one of his rallies mere weeks before the election, he actually utilized that very term.

    In fact, in the past week alone, I vehemently espoused my views of why his Presidency, as initially opined in “BrExit times ten,” would be the best imaginable scenario for Precious Metal investors.   First, I taped the “Death of Trump-Flation” Audioblog on Wednesday – discussing my belief that few of his campaign promises were politically and economically viable; and fewer still, a net positive for America in the first place.  Which in reality, was a “sequel” of the “turning on Trump” Audioblog I taped in November, mere days after the election.  When, in the afterglow of having successfully avoided the election of the Wicked Witch of the West(ern Hemisphere) as President, I focused on the economic reality of what a Trump Presidency actually meant.

    Thus, when Trump “shocked the world” last night by claiming the dollar is “too strong”; and to boot, slamming the Republicans’ “border adjustment tax” proposal, in lieu of the hard-coated import tariffs he favors, he for all intents and purposes took the aforementioned “final currency war” thermonuclear; in the process, putting the gold Cartel on notice that his policies will unquestionably yield a dramatic surge in physical Precious Metal demand – particularly, here in America, where even the most die-hard, Keynesian-brainwashed investors will be forced to realize the dollar’s purchasing power is about  to be significantly devalued.  Not that it hasn’t already, of course.  However, in the past, such inflation occurred in a more “frog in a boiling pot” fashion, as markets were manipulated to deflect attention from the Fed’s dollar-destroying policies, whilst the “strong dollar policy” and other anti-gold propaganda was relentlessly spewed by the cast of Atlas Shrugged cartoon characters running the government, Central banks, and major financial institutions to keep investors away from the “barbarous relic” that is gold.

    Well, care of the “loose cannon” himself, the gold Cartel – and the entire world political, financial, and monetary order – has been “put on notice” that the U.S. no longer intends to even pretend it has a “strong dollar policy”; and to the contrary, may well devolve into the same, overt currency depreciation policies made famous by the Japanese; Europeans; Chinese; and heck, every Central bank.  This, at a time when the global “war on cash” is exploding; and the inexorable Bitcoin emergence is making a clear statement that the world’s populace no longer believes “money” is what it once was.  In other words, as I wrote last week, the death throes of “money” are becoming eminently visible – making it more and more likely that the inevitable “run” from worthless fiat; and into “priceless” Precious Metals”; is rapidly approaching – like a runaway train, careening down an icy hill with no breaks.

    read more.
9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

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January 18, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , | Leave a comment

Bix Weir: We Will See ASTRONOMICAL NUMBERS for Precious Metals. Pedophilia & The Satanic Ruling Elites

  • Published on Jan 13, 2017
    Bix Weir joins me to kick off 2017 and breakdown current events including Trump, Bitcoin and the coming collapse. As for Silver and Gold Bix says, “The numbers that gold and silver will hit when it’s out from behind the manipulation are astronomical.”

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January 14, 2017 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

Rick Rule: US Will Devalue Debt and Devalue Dollar. Banks Not Going Broke, They Are Broke!

  • Rick Rule: US Will Devalue Debt and Devalue Dollar. Banks Not Going Broke, They Are Broke!
    by Greg Hunter’s USAWatchdog.com
    Rick Rule is an expert on investing in all sorts of natural resources, and that includes gold and silver. He thinks it won’t take a “catastrophic event” to move prices higher in precious metals.  Rule explains, “You remember the decade of the 1970’s?  The shocks to the financial system were severe but survivable.  The gold price went from $35 per ounce to $850 per ounce.. . . As you can see, I am not a young guy.  I was a finance major, and the way I learned accounting, it’s not like the banks are going to go broke, the banks are broke. . . . It isn’t a question of ongoing bank solvency.  It’s a question of real bank solvency and how long people will believe in the system. . . . If the major players had to face a liquidity squeeze, even the level of magnitude they faced in 2008, I suspect the fiscal tools available are constrained enough now that they would be unsuccessful in containing a broad liquidity base contagion.”


    So, we would see bankruptcies and failures, and the Fed would have to let things go. Rule contends, “I don’t think they would have any other choice but to let them go.  My suspicion is we are going to skate through this without a catastrophic situation.  I could be right and I could be wrong, but I think in terms of the gold price, it doesn’t matter.  If the system is tested, tested and not wrecked, it will be extraordinary for the gold price.  What people fail to recognize is the simple arithmetic that you and I owe each other, and other countries, $20 trillion.  That’s $20 trillion in liabilities.  That’s 20 with twelve zeros.  People don’t focus on it because it’s almost an incomprehensible number.  Beyond that, we owe each other in the context of promises in excess of $100 trillion.  That number doesn’t come from a cranky old guy at Sprott.  It comes from the Congressional Budget Office.  How on earth are we going to resolve $120 trillion on balance sheet and off balance sheet liabilities before we consider state and local debt and underfunded pensions?  My suspicion is we get out of this in one of two kinds of defaults.  A formal default where . . . they say to 64 year old Rick Rule that we made you promises on Social Security, Medicare and Medicaid, but we lied.  We say to holders of U.S. debt where we gave a full faith and credit promise that we lied.  Those are official defaults.  That requires telling the truth, and I think that is unlikely.  I think we will have a series of unofficial defaults where we devalue the net present value of the obligations, which is a different way of saying we devalue the . . . currency, gradually like we did in the 1970’s.  I think that will have the same impact on gold and silver prices.”

    On the best thing President-elect Trump can do for America, Rule contends, “If Mr. Trump can roll back restrictive regulation in the United States, we are our own greatest enemy. If he can make the United States great again in the sense he keeps us from competing with ourselves, then we will see a spectacular economic boom in this country.”

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January 12, 2017 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

Three “Cartel” FX Traders Criminally Charged With Currency Rigging

FedRes_banksters_looting_cartoon_Amateurs

  • Three “Cartel” FX Traders Criminally Charged With Currency Rigging
    by Tyler Durden, http://www.zerohedge.com
    Moments ago, U.S. prosecutors charged three traders who made up the infamous “Cartel” currency rigging chat room, and who were at the heart of a criminal investigation that has ensnared the world’s biggest banks over the rigging of currency rates. Richard Usher, formerly head of G10 spot trading at JPMorgan, Rohan Ramchandani, formerly of Citigroup and Chris Ashton, formerly of Barclays, were indicted Tuesday for conspiring to fix prices. They’re all outside the U.S. and will have to be extradited unless they surrender voluntarily.

    As first reported back in 2013 when the FX rigging scandal broke out, the three used an online chatroom they dubbed ‘The Cartel’ to coordinate the rigging of foreign-exchange benchmarks by sharing confidential customer information, according to the U.S. charge. Another member, Matt Gardiner, formerly of UBS Group AG, has been helping prosecutors build cases against the traders, Bloomberg reported earlier.

    read more.

Illuminist_banksters_creating_money_out_of_nothing_lending_n_charging_interest

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January 11, 2017 Posted by | Economics | , , , , | Leave a comment

Bill Holter: In 2017 Trump will be Presiding Over a Bankruptcy

  • Bill Holter: In 2017 Trump will be Presiding Over a Bankruptcy
    by Greg Hunter’s USAWatchdog.com(Early Sunday Release 1.9.17)
    Financial writer Bill Holter says 2017 will be “the year of the Truth Bomb.” Holter explains, “I have been talking about ‘Truth Bombs’ for about a year and a half. I think what is going to happen in 2017 is that this hologram we’ve been living in, the curtain is going to be pulled back. . . . I want to see the truth come out, and that’s why we do what we do.”

    One of the big truths that will explode is about the economy, and this will be one of Trump’s biggest problems. Holter goes on to say, “Trump is a smart guy, and he understands that really what he’s going to be doing is presiding over a bankruptcy. That’s what his main job is going to be, and that’s reorganizing this country.”

    What will the end of 2017 look like? Holter says, “I don’t think it will even resemble what today looks like. I think you may see the financial system come down, and it may be by the end of the year that the system is coming back up or coming back on line. We are going to have a bank holiday. We are going to have to have some sort of reset. The reset will include a bank holiday. Your ATM won’t work. Your credit cards won’t work. Distribution is going to fail. It’s all about credit. Everything financial and everything economic relies on credit. I believe that we are going to have a credit crisis this year where credit becomes very scarce or actually dries up completely. In that scenario, it is not good. You are talking about distribution breaking down and people going hungry, riots, martial law, cross default from country to country to country to country, bank to bank to bank and broker to broker to broker. Everything runs and lives on credit, and without credit, it’s almost like caveman days.”

    read more.

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January 9, 2017 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , | Leave a comment

Lior Gantz: Financial Derivatives War Could Bring Down Global Economy. Grave Danger Elite Bankers Might Make Trump Fail

  • Lior Gantz: Financial Derivatives War Could Bring Down Global Economy. Grave Danger Elite Bankers Might Make Trump Fail
    by Greg Hunter’s USAWatchdog.com
    Financial expert Lior Gantz says there is good news and bad news for the economy with the election of Donald Trump. Gantz explains, “If he changes the equation, it could cause a lot of inflation in the U.S.  U.S. banks are so liquid and have so much excess cash because of TARP programs and QE programs that this could prompt them to start lending, and lend to the wrong people.  It could prompt the government to start issuing increased food stamps, universal unemployment checks and all kinds of stuff that can create large inflation in the U.S.  So, that is one side that is problematic.  The other side is very spectacular for the U.S. economy because Trump is doing a lot of things that should have been done years ago:  deregulation, cutting back on taxes, cutting the red tape and making sure that businesses are more comfortable with opening new branches in the U.S.  The best indicator of this is the Russell 2000 index that is up much more than the Dow because the small cap companies are mostly based in the U.S., and the large cap companies are international.”


    Gantz warns that problems could be caused by central banks either by accident or on purpose. Gantz, who was a money manager for the wealthy, says, “I would even say that there is real grave danger that the government or the elite banking system will create problems.  I will even say they might even make Trump fail.  They might do something to his disadvantage on purpose because he’s not mainstream, because he’s not them.  He came out of nowhere, and he was not backed like Hillary.  That is also baked in the cake, and it is what we call a black swan.”

    So, if push comes to shove, will the global elite allow deflation or will they trip the inflation button? Gantz, who specializes in resource stocks, says, “They will trip the inflation button.  They will not allow deflation to happen in the U.S., and I will tell you why.  They feel like they are invincible, and they can’t admit failure.  They will never admit, hey, we have done this wrong.  QE programs were wrong.  Negative interest rates were wrong.  They will not come out and say it.  They will do whatever it takes to play their end game.  They honestly don’t care about the average person.  That’s the last thing on their mind.  They care about their lifestyle and the way they live life on the toil, sweat and energy of the people who really create the economy and innovation.”

    Gantz also warns of a possible derivative war between top bankers that could bring the global economy down. Gantz contends, “Once somebody begins to change the way they look at derivatives, and start using derivatives as a weapon . . .  they’re going to fight between each other.  These are nasty people that all they care about is what they make in cold hard cash to take home.  They really could start a derivative war that would not be beneficial for anyone.  It would be more violent than an orchestrated derivative explosion that I really don’t think is possible.  The derivative market is so big that it is out of the control of anybody.”

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January 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

A Well-Kept Open Secret: Washington is Behind India’s Brutal Experiment of Abolishing Most Cash

world_war_on_cash

https://www.biblegateway.com/passage/?search=Revelation+13%3A16-18&version=NKJV

  • As mentioned before: Modi-India is under orders from the Synagogue of Satan to abolish cash to prepare the way for the microchipping of the sheeple with RFID ‘666’.
  • A Well-Kept Open Secret: Washington is Behind India’s Brutal Experiment of Abolishing Most Cash 
    by http://norberthaering.de/en/home
    In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington’s role has been disguised only very superficially.

    US-President Barack Obama has declared the strategic partnership with India a priority of his foreign policy. China needs to be reined in. In the context of this partnership, the US government’s development agency USAID has negotiated cooperation agreements with the Indian ministry of finance. One of these has the declared goal to push back the use of cash in favor of digital payments in India and globally.

    On November 8, Indian prime minster Narendra Modi announced that the two largest denominations of banknotes could not be used for payments any more with almost immediate effect. Owners could only recoup their value by putting them into a bank account before the short grace period expired at year end, which many people and businesses did not manage to do, due to long lines in front of banks. The amount of cash that banks were allowed to pay out to individual customers was severely restricted. Almost half of Indians have no bank account and many do not even have a bank nearby. The economy is largely cash based. Thus, a severe shortage of cash ensued. Those who suffered the most were the poorest and most vulnerable. They had additional difficulty earning their meager living in the informal sector or paying for essential goods and services like food, medicine or hospitals. Chaos and fraud reigned well into December.

    Four weeks earlier
    Not even four weeks before this assault on Indians, USAID had announced the establishment of „Catalyst: Inclusive Cashless Payment Partnership“, with the goal of effecting a quantum leap in cashless payment in India. The press statement of October 14 says that Catalyst “marks the next phase of partnership between USAID and Ministry of Finance to facilitate universal financial inclusion”. The statement does not show up in the list of press statements on the website of USAID (anymore?). Not even filtering statements with the word “India” would bring it up. To find it, you seem to have to know it exists, or stumble upon it in a web search. Indeed, this and other statements, which seemed rather boring before, have become a lot more interesting and revealing after November 8.

    Reading the statements with hindsight it becomes obvious, that Catalyst and the partnership of USAID and the Indian Ministry of Finance, from which Catalyst originated, are little more than fronts which were used to be able to prepare the assault on all Indians using cash without arousing undue suspicion. Even the name Catalyst sounds a lot more ominous, once you know what happened on November 9.
    ….

    It turned out in November that the declared “holistic ecosystem approach” to create this impulse consisted in destroying the cash-ecosystem for a limited time and to slowly dry it up later, by limiting the availability of cash from banks for individual customers. 

    “The goal is to take one city and increase the digital payments 10x in six to 12 months,” said Malick less than four weeks before most cash was abolished in the whole of India. To not be limited in their preparation on one city alone, the Beyond-Cash-report and Catalyst kept talking about a range of regions they were examining, ostensibly in order to later decide which was the best city or region for the field experiment. Only in November did it became clear that the whole of India should be the guinea-pig-region for a global drive to end the reliance on cash. Reading a statement of
    Ambassador Jonathan Addleton, USAID Mission Director to India, with hindsight, it becomes clear that he
    stealthily announced that, when he said four weeks earlier:

    read more.
http://www.infowars.com/top-libertarian-warns-of-martial-law-cashless-society-2/

Click on image for article.

http://www.bloombergview.com/articles/2016-01-31/bring-on-the-cashless-future

Click on image for article.

http://www.infowars.com/federal-reserve-manufactures-greater-recession/

Click on image for article.

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January 4, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , | Leave a comment

Precious Metals Manipulation Goes Much Deeper Than What Is Being Reported: Rob Kirby

January 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Central Bankers Are In The Process Of Banning Cash One Country At A Time

  • Published on Jan 3, 2017
    Trump lashes out at GM and Ford and says will impose border tax if jobs are moved out of the country. Manufacturing survey is detached from the hard data, industrial production declining. Pension systems around the country are worse off than everyone realizes. Inflation hits Germany. Greece implements a soft cash ban, the central bankers are slowly banning cash one country at a time. Finland starts helicopter money drops to push spending. EU leaders are now worried that more countries are going to vote to exit the EU. Britain’s EU ambassador resigns before the BREXIT. The system is coming apart and the central bankers/Elite will react to save it.
http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

http://www.armstrongeconomics.com/archives/30862

Click on image for article.

http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash

Click on image for article.

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January 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

Our Standard Of Living Is Coming To An End, Expect A 30-50% Drop: Bill Holter

January 3, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

German Institution Predicts Possible Italy Exit of Eurozone

  • Published on Jan 2, 2017
    A German research institution says Italians will seek to quit the euro currency if their standard of living does not improve. Ifo chief Clemens Fuest says the standard of living in Italy has remained the same since 2000 and if the situation is not changed, Italians will choose to leave the eurozone. Italy is eurozone’s third-largest economy, but its stock market has been the worst performer in Europe last year. Italy is hit with financial problems in its banking system. The country has recently approved a bailout plan to help the struggling banks.

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January 3, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

Yuan Dumps, Bitcoin Jumps As China Researchers Suggest “One-Off Devaluation” & Capital Controls

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January 3, 2017 Posted by | Economics | , , | Leave a comment