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Socio-Economics & History Commentary

Gold is the Spectre Haunting Our Monetary System. A Central Banks Scramble for Gold Has Begun

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

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

  • Gold is the Spectre Haunting Our Monetary System. A Central Banks Scramble for Gold Has Begun
    by James Rickards, http://www.telegraph.co.uk/  
    For a century, elites have worked to eliminate monetary gold, both physically and ideologically.

    This began in 1914, with the UK’s entry into the First World War. The Bank of England wanted to suspend convertibility of bank notes into gold. Keynes counselled wisely that the bank should not do so. Gold was finite, but credit elastic.

    By staying on gold, the UK could maintain its credit, and finance the war effort. This transpired. The House of Morgan organised massive credits for the UK, and none for Germany. This finance was crucial, and sustained the UK until the US abandoned neutrality and tipped the military balance against Germany. 

    Despite formal convertibility of sterling to gold, the Bank of England successfully discouraged actual conversion.

    Gold sovereigns were withdrawn from circulation and turned into 400-ounce bars. This form of bullion limited gold ownership to the wealthy, and confined gold’s presence to vaults. A similar disappearance of gold as a circulating currency occurred in the US.

    Yet, like Banquo’s ghost, gold insists on its seat at the monetary table. The US holds 8,133 tonnes of gold. The members of the eurozone and ECB hold 10,788 tonnes.  China reports holdings of 1,788 tonnes, but actual holdings are closer to 4,000 tonnes, based on reliable data from Hong Kong exports and Chinese mining.

    Russia has 1,447 tonnes, and has been acquiring over 200 tonnes per year. Mexico, Kazakhstan, and Vietnam, among other nations, have added to their gold reserves recently. (Pity the UK, which sold more than half its gold at rock- bottom prices between 1999 and 2002). 

    After decades as net sellers of gold, central banks became net buyers in 2010. A scramble for gold has begun.  What drives gold’s new allure? In some cases, central banks are constructing a hedge against US dollar inflation.

    read more.

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April 25, 2016 Posted by | Economics, GeoPolitics, History | , , , , , , , , , , , , , , , , | Leave a comment

This Is The End Days Of The Current Economic System And We Might Not Reach October: Bill Holter

April 25, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , , , | Leave a comment

Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony“

  • Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony“
    by Mac Slavo, SHTFplan.com  
    It seems the end really is nigh for the U.S. dollar. And the mudfight for global dominance and currency war couldn’t be more ugly or dramatic.

    The Saudis are now openly threatening to take down the U.S. economy in the ongoing fallout over collapsing oil prices and tense geopolitical events involving the 9/11 cover-up. The New York Times reports: 

    Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.

    China has been working for years to establish global currency status, and will strengthen the yuan by backing it with gold in moves clearly designed to cripple the role of the dollar. Zero Hedge reports:

    China’s shift to an official local-currency-based gold fixing is “the culmination of a two-year plan to move away from a US-centric monetary system,” according to Bocom strategist Hao Hong. In an insightfully honest Bloomberg TV interview, Hong admits that “by trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars.”

    Putin also waits in the shadows, making similar moves and creating alliances to out-balance the United States with a growing Asian economy on the global stage.

    Luke Rudkowski of WeAreChange asks “Is This The End of the U.S. Dollar?” in the video above. He writes:

    In this video Luke Rudkowski reports on the breaking news of both China and Saudi Arabia making geopolitical moves that could cause a U.S economic collapse and obliteration of the U.S hegemony petrodollar.
    We go over China’s new gold backed yuan that cannot be traded in U.S dollars and rising tension with Saudi Arabia threatening economic blackmail if their role in 911 is exposed.


    read more.

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April 25, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Jim Willie: The Economic System is Collapsing Right Now

April 23, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

New Report Shows The US Is Preparing For Mass Civil Disobedience

  • Published on Apr 22, 2016
    Denver is now placing military style arm guards in public schools to brainwash the students into believing they need to be protecting by the government. EU wants single click spying capabilities. Washington is now launching attacks on the BRICS countries. US wants a permanent brigade in Europe. Propaganda of Russia mounting a spring offensive in Ukraine is growing, which means the US is ready now. Obama says no ground troops in Libya which means there will be ground troops but they will call them advisers. Syria peace deal continues to breakdown. New report shows governments around the world are preparing for mass riots and are purchasing riot gear in mass quantity.

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April 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

This Is How FEMA Trains Texas Police To Deal With Riots, Conduct Mass Arrests

Police_state_Martial_Law

  • This Is How FEMA Trains Texas Police To Deal With Riots, Conduct Mass Arrests
    by Tyler Durden, http://www.zerohedge.com 
    Last summer the state of Texas was ablaze over concerns surrounding the Jade Helm military drills held across the state prompted some to speculate that the Federal government was preparing for either a local insurrection, secession planning contencies for the Lone Star state or even a “Texas takeover.”

    Similar confusion returned earlier this week when dozens of McLennan Community College students posed as unruly protesters as part of a Federal Emergency Management Agency training program. This “first of its kind” three day exercise in Waco, Texas was overseen by the Department of Homeland Security, during which police officers from fifteen different departments took part in drills on how to deal with riots and conduct mass arrests.”

    Officers from the Waco Police Department, McLennan County Sheriff’s Office, Killeen Police Department, Lorena Police Department, DeSoto Police Department and troopers with the Texas Department of Public Safety, among others, participated in the three-day training program.

    As Waco Tribune reports, citing training coordinator Jay Fonville, “this type of training has never been in Texas before.”

    read more.
This Is How FEMA Trains Texas Police To Deal With Riots, Conduct Mass Arrests

This Is How FEMA Trains Texas Police To Deal With Riots, Conduct Mass Arrests

NDAA_martial_law

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

Click on image for article.

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April 23, 2016 Posted by | GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Ron Paul: Dollar Collapse, Political Corruption & Protecting Liberty

  • Published on Apr 21, 2016
    IN THIS INTERVIEW: 

    – Presidential elections are meaningless ►0:58 
    – Who are the “Powers that Be” ►3:28 
    – Economic collapse ahead – the Fed is panicking ►5:41 
    – Why is the Fed not audited? ►7:21 
    – Your role in protecting liberty ►8:58 

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April 23, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , | Leave a comment

The Collapse of the Western Fiat Monetary System May Have Begun. China, Russia and the Reemergence of Gold-Backed Currencies

The_End_of_the_Dollar_Russia_China_attacks

  • The Collapse of the Western Fiat Monetary System may have Begun. China, Russia and the Reemergence of Gold-Backed Currencies
    by Peter Koenig, http://www.globalresearch.ca/  
    On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed by a US dollar based fiat monetary systems that is manipulated at will by a small elite of financial oligarchs for their benefit and to the detriment of the common people.

    In a recent Russia Insider article, Sergey Glaziev, one of Russia’s top economists and advisor to President Putin said about Russia’s currency, “The ruble Is the most gold-backed currency in the world”. He went on explaining that the amount of rubles circulating is covered by about twice the amount of gold in Russia’s Treasury.

    In addition to a financial alliance, Russia and China also have developed in the past couple of years their own money transfer system, the China International Payment System, or the CIPS network which replaces the western transfer system, SWIFT, for Russian-Chinese internal trading. SWIFT, stands for the Society for Worldwide Interbank Financial Telecommunication, a network operating in 215 countries and territories and used by over 10,000 financial institutions.

    Up until recently almost every international monetary transaction had to use SWIFT, a private institution, based in Belgium. ‘Private’ like in the US Federal Reserve Bank (FED), Wall Street banks and the Bank for International Settlements (BIS); all are involved in international monetary transfers and heavily influenced by the Rothschild family. No wonder that the ‘independent’ SWIFT plays along with Washington’s sanctions, for example, cutting off Iran from the international transfer system. Similarly, Washington used its arm-twisting with SWIFT to help Paul Singer’s New York Vulture Fund to extort more than 4 billion dollars from Argentina, by withholding Argentina’s regular debt payments as was agreed with 93% of all creditors. Eventually Argentina found other ways of making its payments, not to fall into disrepute and insolvency.

    It is no secret, the western dollar-led fiat monetary system is on its last leg – as eventually any Ponzi scheme will be. What does ‘fiat’ mean? It is money created out of thin air. It has no backing whatsoever; not gold, not even the economic output generated by the country or countries issuing the money, i.e. the United States of America and Europe. It is simply declared “legal tender’’ by Government decree.


    No pyramid scheme is sustainable in the long run and eventually will collapse. It was invented and is used by a small invisible upper crest of elite making insane amounts of profit on the back of the 99% of us. Since these elitists are in control of the media with their lie propaganda, as well as the warmongering killing machine, US armed forces, NATO, combined with the international security and spy apparatus, CIA, MI6, Mossad, DGSE, the German Federal Intelligence Service (BND) and more, we are powerless – but powerless only as long as we ignore what’s really going on behind the curtain.

    read more.

Euro_Zero_dollar

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April 22, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , | Leave a comment

Michael Snyder: A Black Swan Event Will Destroy The Economy

April 21, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

Jim Rickards: 2018 – SDR World Currency Backed with Gold

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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April 21, 2016 Posted by | Economics | , , , , , , , , , , , , , , , | Leave a comment

Gregory Mannarino: Biggest Financial Bubble in History Will Engulf World

  • Gregory Mannarino: Biggest Financial Bubble in History Will Engulf World
    by Greg Hunter’s USAWatchdog.com
    Financial analyst and stock trader Gregory Mannarino says pay no attention to the rising stock market because it is “fake.” Mannarino says, “The manipulation is absolutely epic.  We have never seen anything like it.  There is going to be a horrible price to pay for this.  Why?  Because it will correct to fair market value.  There is no doubt in my mind that all of this will correct to fair value.  All these distortions can only go so far, and we know this.  We have seen this throughout history without exception. . . .  We have the biggest bubble in the history of the world, and that is the debt bubble that has re-inflated this stock market bubble, it will burst.  It will burst because every single financial bubble in history, without exception, has burst before it.  This one is going to burst too, but this one is going to engulf the world.  It’s going to be unlike anything we’ve seen in the history of the world, and there is no doubt that the middle class will no longer exist when this occurs.  It’s going to be a massive transfer of wealth to these financial institutions that are going to go short all of this.  It is legal theft on a magnitude and scale that is unimaginable.”


    The mainstream media is ignoring massive fraud by banks. The latest fraud is the admission by Deutsche Bank that it rigged both the gold and silver markets with other big banks. Mannarino says, “Of course, they have to ignore it.  They have no choice to ignore it.  Why?  It’s the system, and the system relies on one thing only and that’s confidence.  They can’t allow the general public to understand there is absolute fraud involved in the biggest banks on earth.  If the people start to get wind of that, then they are going to start to get afraid.  Then, they will pull their cash out of these institutions and start allocating it into different things.  They cannot allow the general public to know what’s really going on.  They need to keep the general public focused on the stock market.  Most people don’t know what to look at, but when they hear, oh the stock market is higher, my 401K is doing well, and that’s all they care about.  The same exact thing happened in 2008 when they were watching their houses go up in price.  They didn’t care about anything else.  When it reversed, then, all of a sudden they’re crying.  This is what’s going to happen now, but the magnitude of this one eclipses what happened in 2008–exponentially.  The 2008 event, that was a walk in the park eating an ice cream cone compared to what is going to occur at one point here down the line.”

    read more.

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April 21, 2016 Posted by | Economics | , , , , , , , , , , , , , , , , | Leave a comment

China Is Now On Course To Shift Away From The Dollar

  • Published on Apr 20, 2016
    Intel lays off 12,000 employees, as many other companies prepare for their layoffs. Existing homes sales are stagnate and the entire housing market is getting ready to implode. Russia says the oil freeze is off and will pump more oil if Saudi Arabia pumps more oil China using the yuan gold fix to move away from the dollar. US courts order documents on the Obamacare exchanges the collapsed but the Obama administration will not hand them over.

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April 21, 2016 Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

US Exerts Pressure On Saudi Arabia As They Move Away From The US Financial System

  • Published on Apr 20, 2016
    Judge says its ok for the Government to spy on Americans. NSA is not following a court order to destroy American data. The Government is abiding by the rights of the people and the constitution. Minsk deal in Ukraine is crumbling. Turkish government rejects a ceasefire proposal by the Kurds. The opposition says ceasefire is off. Russia wants those breaking the ceasefire categorized as terrorists. Obama is visiting Saudi Arabia because they are moving away from the US financial system and the US is threatening them to stay.

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April 21, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Riyadh’s Blackmail: Is Washington Afraid of Saudi Threats to Dump Dollar?

ISIS - US enemy (wink wink), heh heh.

ISIS – US enemy (wink wink), heh heh.

  • Saudi Arabia is the (thoroughly deserving) convenient patsy to be blamed for the intentional collapse of the US dollar.
  • Riyadh’s Blackmail: Is Washington Afraid of Saudi Threats to Dump Dollar?
    by http://sputniknews.com/  
    The Saudi royals have threatened to “dump” the US dollar if Congress passes a bill that strips the House of Saud of immunity from being sued in American courts in cases involving terrorist attacks against the American citizens on the US soil; ‘Why are Saudis so nervous?’ Ron Paul and Daniel McAdams ask.

    The US Congress is considering the bill that would allow Washington to take Saudi royals to court over involvement in attacks against US citizens on American soil, most notably the 9/11 tragedy

    In his turn Saudi Arabia’s Foreign Minister Adel Al-Jubeir has threatened the US leadership to sell off up to $750 billion in US dollar holdings and thus far to deal a serious blow to the US dollar if the bill is passed.

    Saudi Arabia’s excessively tough response prompts justified concerns and suspicions, former Republican congressman Ron Paul and political analyst Daniel McAdams noted in their latest Liberty Report. Riyadh’s anxiety might originate in the 28-page classified Congressional Report of 2002 regarding 9/11, they suggested.

    Interestingly enough, Saudi Arabia’s threats have apparently been taken to heart by US policymakers.

    “The Obama administration has lobbied Congress to block the bill’s passage, according to administration officials and congressional aides from both parties, and the Saudi threats have been the subject of intense discussions in recent weeks between lawmakers and officials from the State Department and the Pentagon,” The New York Times reportedon April, 15.

    “The officials have warned senators of diplomatic and economic fallout from the legislation,” the media outlet stressed.

    Does it mean Riyadh is really capable of dumping the US dollar?

    read more.
http://canadafreepress.com/index.php/article/54163

Click on image for article.

http://thenewamerican.com/economy/economics/item/14579-killing-the-dollar-g20-imf-push-for-global-fed-global-currency

Click on image for article.

http://themillenniumreport.com/2014/12/obama-trilateral-commission-endgame/

Click on image for article.

Barry_Goldwater_on_Trilateral_Commission

Chester_Ward_One_World_Government_CFR

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April 21, 2016 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

Gerald Celente: Imminent Crash To Far Exceed 2008! Gold $2,000 Right Around the Corner

  • Published on Apr 17, 2016
    Gerald Celente buys and holds gold and does not speculate, choosing to invest in what he sees as beauty, joy and history. He holds that here is a global depression; zero interest rates are no longer working, the IMF keeps downgrading growth potential, equity markets are only being kept up by stock buy backs and the zero interest rates.


    The Federal Reserve wants to keep inflation at 2% but the statistics are manipulated as inflation is politically unpopular, real inflation is likely much higher. The coming crash is going to be much worse than 2008 and it is likely that war will be used to divert attention away from the economy. One terrorist strike on US soil would be all it would take to manufacture popular support.

    Strong Middle Eastern countries’ economies are headed down, such as Saudi Arabia, who have been recently downgraded and Turkey who are over extended. Brazil is going down the same path as Venezuela. The main place to watch though is the Ukraine and the further demonization of Russia.

    The Trends Journal holds that we are looking at a Clinton – Sanders ticket with Clinton winning largely due to the womens vote. People turning to Trump and Sanders is indicative of wide scale rejection of the current political system. Sanders has suckered in the millennials but has voted to fund the military and wars and is a fraud. He serves to bring in the votes to Hillary because she has such a negative rating. Meanwhile, Trump has just shown the world what a fraud the whole system is.

    Talking points from this week’s interview: • Gold has been around forever, its not going anywhere • When all else fails they take you to war • Zero interest rates are no longer working • Once gold is stable above $1400 then its likely to head up to $2000 • Negative interest rates have never happened in history before

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April 20, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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