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Socio-Economics & History Commentary

The Secret Meeting That Accelerated the War on Cash

Davos_elites-Negative_rates_cashless_economy

  • The Secret Meeting That Accelerated the War on Cash
    by Nick Giambruno, Senior Editor, http://www.internationalman.com/  
    I recently sat down with Scott Horton on the The Scott Horton Show. If you want to get the real scoop on U.S. foreign policy, you must listen to his podcast. It’s simply the best there is on this topic. It’s one of the very few I always listen to. Scott and I had an in-depth discussion on the U.S. government’s latest schemes… the War on Cash and negative interest rates. I think you’ll find our conversation below informative and entertaining. Until next time.

    Transcript
    Scott Horton: Happy to have you back on the show, Nick. I’m looking at one of your articles in Casey Research’s International Man and I like the title: “Revealed: The Hidden Agenda of Davos 2016.” Can you tell us about it?

    Nick Giambruno:
    Yes. There’s an annual World Economic Forum meeting in Davos, Switzerland. Leaders in business, government, media, and even some celebrities go to these events to discuss the big issues of the day. This conference happens every year in the open. But this year, I think a secret meeting took place during the conference behind the scenes, with huge historical significance…


    Immediately after the conference, there was a big acceleration to eliminate paper cash, or at least high-denomination currency notes. A flood of articles from The New York Times, The Economist, Zero Hedge, and other publications picked up on this.

    For example, a few days after Davos, the head of the Japanese central bank implemented negative interest rates for the first time ever. This was after he repeatedly denied that he was planning to use negative rates. It seems like something might have changed his mind at that conference. But that’s not all.

    After the conference, the CEO of Deutsche Bank called for the elimination of cash. Norway’s biggest bank essentially did the same thing. Bloomberg published a piece called “Bring on the Cashless Future.” Financial Times published something very similar. Then Harvard put out a paper talking about the need to eliminate high-value paper currencies, like the $100 bill and the €500 note.

    Negative rates and the War on Cash really went into overdrive after this Davos meeting. I can’t conclusively prove that a secret meeting took place, but there’s a lot of circumstantial evidence that points to it.

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

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

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

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http://www.reuters.com/article/us-davos-meeting-banks-technology-idUSKCN0UY259

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June 25, 2016 Posted by | Economics, EndTimes | , , , , , , , , | Leave a comment

BREXIT Is Being Used To Deflect From The Economic Collapse

BRExit_or_BRemain_Cartoon

  • BREXIT Is Being Used To Deflect From The Economic Collapse
    by Dave Kranzler, http://investmentresearchdynamics.com/  
    I actually could care less about BREXIT.   I have yet to encounter any valid analysis on why the issue matters at all.  What is valid is that the BREXIT theatrical show is being used to deflect scrutiny of the continuous economic reports  showing that the U.S. economy is collapsing.

    The Chicago Fed National Activity index released today plunged to -.51 against Wall Street’s expectation of a .11 gain.  Last months data-point was revised lower to barely positive.  The way that this index is calculated, it takes a lot to move the needle.  A drop from a revised lower .05 to -.51 reflects heavy contraction in economic activity across a broad (85 indicators) spectrum of the economy.  The 3-month moving average declined from -.25 – which was revised lower from the original .22 reported – to -.36.

    New home sales reported today – for whatever the data series is worth – indicated an 11% plunge from the previously reported number for April, which of course was revised lower. May’s print was down 6% from the revision.  Ironically,  yesterday the National Association of Realtor’s Chief Economic Clown was extolling the virtues of new home construction and sales activity.  Oops.

    read more.

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

Jim Willie Collapse Warning: BREXIT Could DETONATE Deutsche Bank!

  • Published on Jun 24, 2016
    Part 1 of a 2 Part Interview with Jim Willie! 

    https://sdbullion.com/silver 
    http://www.SilverDoctors.com 

    1. Next Big Pillar to Fall Could Be Deutsche Bank! We Could See A Breakdown Event in DB In the NEXT WEEK!
    2. Gold and Silver Are Moving into 2nd Gear – I Think We’re Going to Make A Rather Quick Move Towards $1,900! 
    3. I Think We Will See a 5 FOLD Gain In Silver…RAPIDLY! 
    4. The March Towards Gold Currencies and Gold Trade Notes IS ON! 
    5. US/UK Debt Downgrades Coming Soon. Gold Is Just Getting Started! 
    6. If Gold Sticks Above $1300 the Next 24 Hours, We’re Going to Get A Short Squeeze 
    7. BREXIT is a VOTE Against the System, Next Vote is GOLD AGAINST THE DOLLAR!
    8. Run On COMEX Gold July Delivery: Something’s Different This Time!
    9. China Suddenly Begins Accumulating Silver 
    10. Dollar Devaluation Might Be Simutaneous to the BAIL-IN EVENT 
    11. No More Money Printing – QE Will Be Pushed Out of the Picture, Next Comes $21 TRILLION PENSION FUND CONFISCATION!
    12. This Will Wake Up the American Nitwits

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

S&P500 Futures Down 3.5%, Nasdaq Futures Down 3.5%, Nikkei Down 3%, USDJPY Collapse 4% to 101.xx Handle, Gold Surge $39, HongKong Down 3.2%

http://www.investing.com/indices/us-spx-500-futures

Click on image to goto live market update.

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June 24, 2016 Posted by | Economics | , , , , , , , , , | Leave a comment

The Endgame Is WWIII And Full Blown Tyranny In America: Stephen Lendman

Luciferian_New_World_Order_Koch_n_Spangler

Revelation 17:3~6, .. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns. 4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls, having in her hand a golden cup full of abominations and the filthiness of her fornication.(a) 5 And on her forehead a name was written: MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH. 6 I saw the woman, drunk with the blood of the saints and with the blood of the martyrs of Jesus. Graphic source: http://watchmanreports.com/

Revelation 17:3~6, .. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns. 4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls, having in her hand a golden cup full of abominations and the filthiness of her fornication.(a) 5 And on her forehead a name was written: MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH. 6 I saw the woman, drunk with the blood of the saints and with the blood of the martyrs of Jesus. Graphic source: http://watchmanreports.com/

June 24, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nick Barisheff: Massive Defaults & Dramatic Increase in Gold

  • Nick Barisheff: Massive Defaults & Dramatic Increase in Gold
    by Greg Hunter’s USAWatchdog.com
    Fraud and Manipulation Mean Massive Correction Coming
    Gold expert Nick Barisheff wrote a book titled “$10,000 Gold” in 2013. According to Barisheff, that number is even more possible today.  Barisheff contends, “It’s hard to believe when I wrote the book three years ago, and I talked about the issues that would lead to $10,000 gold are still there and have gotten much worse.  None of the issues have been solved, and now we are in multiple bubbles, a lot of them surrounding debt, and it keeps growing all over the world, and that’s the main correlation to the price of gold.”

    On gold versus other investments such as bonds, Barisheff contends, “We can’t get anything close to normalized interest rates. . . . You have a considerable amount of sovereign bonds with negative interest rates. What can they do, go more negative?  This is one of the long term driving factors.  There isn’t the argument of gold doesn’t have a yield, and therefore isn’t worthwhile as an investment.  Well, many bonds don’t have a yield either, and corporate bonds that do have yield are extremely high risk.  I think they have nowhere to go but down (in value).”

    So, how does this financial story end? Barisheff says, “Massive defaults.  People are thinking we are going to have a gold market that’s going to be a steady stair step up, and I don’t think this is the way it’s going to happen.  At one point in time, we are going to have a dramatic increase in the price of gold.  It will then be extremely difficult to obtain gold at that point in time.  People think *** when it is obvious that we have a crisis on our hands, then they think go out and buy gold.  That’s not going to happen.”

    read more.

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June 23, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

What My Elite Friend Told Me… – A New DVD From Pastor Lindsey Williams

http://www.prophecyclubresources.com/MY-ELITE-FRIEND-TOLD-ME-LINDSEY-WILLIAMS/productinfo/LW-MEF01/

Click on image to goto website to order.

  • What My Elite Friend Told Me… – A New DVD From Pastor Lindsey Williams
    by , http://www.lindseywilliams.net/  
    WHAT MY ELITE FRIEND TOLD ME… …WHAT TO EXPECT BETWEEN NOW AND JANUARY 1, 2017! New DVD From Lindsey Williams

    * What will take place after October 1, 2016?
    * Will Donald Trump be the next president?
    * If he wins, will Trump be allowed to take office?
    * Elite Divine Encounter.
    * Two currencies – One devalued?
    * Big trouble among the Elite.
    * The date of the CRASH!
    * The most encouraging DVD From Pastor Williams to date.
    * Hear congressmen Ron Paul and David Stockman.

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June 22, 2016 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | Leave a comment

REALIST NEWS: I Just Spoke To Lindsey Williams – He Has Spoken to His (Illuminati) Elite Friend

June 22, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | Leave a comment

UBS Warns Its Clients They May Not Be Able To Trade At All After Brexit

BRExit_or_BRemain_Cartoon

  • UBS Warns Its Clients They May Not Be Able To Trade At All After Brexit
    by Tyler Durden, http://www.zerohedge.com  
    With less than two days until the outcome of the Brexit referendum, traders around the world know two things: in a scene reminiscent of Lehman Sunday, everyone will be ready to trade the nanosecond the first results are released resulting in a supernova of volatility and an unprecedented burst in volume or… markets will simply grind to a halt as banks refuse to take risk positions and execute client orders, all bids and offers are withdrawn as the last trace of liquidity evaporates, and central banks are forced to start trading with each other in the open market.

    As the following just released warning from UBS to its clients reveals, it will probably be the latter, to wit:

    Regardless of the outcome, we may see an increase in volatility and an impact on trading volumes. In the event that extreme market moves occur in an environment of limited liquidity, our principal spreads may widen for both electronic and voice trading, liquidity may reduce and prices may turn indicative (i.e., non-tradable) for periods of time.

    read more.

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

LaRouche: Nothing Can Stop Trans-Atlantic Financial System from Crashing

  • LaRouche: Nothing Can Stop Trans-Atlantic Financial System from Crashing
    by https://larouchepac.com/  
    In preparatory discussion for the Friday webcast, Lyndon LaRouche made the following comments, paraphrased:

    The Trans-Atlantic financial system will blow.  Nothing can stop it.  It is unknown exactly when it will blow but we must be prepared for that inevitable explosion.  The system is beyond management or reform.  We are on the edge of an unpredictable blowout.  We need a different approach, which must be based on rational parties in the Trans-Atlantic region taking appropriate radical steps.

    Putin understands this crisis and his perspective, as reflected in his remarks at the St. Petersburg Economic Forum, are unmatched.  The U.S. and the U.K. are the most unreliable.  Obama is the greatest risk of any special bets on the planet. Obama loses, period.  A new system of finance is the only option.

    Intelligent people must realize that speculation will not work. The whole gambling system must be cancelled.  All gambling debt must be cancelled and we must start all over—but on the basis of different principles altogether.  The British System must come to an end.  And the post-DeGaulle French system as well.  A full global reconstruction is required, no deals.  The U.S.-European financial system is impossible.  Just say “no.”  We must return to a system based on physical values, not money values.  We need to start afresh from a Hamiltonian standpoint.
https://larouchepac.com/20150115

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https://larouchepac.com/20141224

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https://larouchepac.com/20141222-3

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

Gregory Mannarino: Global Debt Reset — A Potential Extinction Level Event

June 22, 2016 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , | Leave a comment

Urgent Warning From Top CEO: “We’re Getting Very Close To Armageddon Here”

  • Urgent Warning From Top CEO: “We’re Getting Very Close To Armageddon Here”
    by Mac Slavo, June 19th, 2016 , SHTFplan.com 
    Keith Neumeyer is well known for his unabashed criticisms of government and central banks, having recently highlighted that the entire precious metals market space has been infiltrated by a small concentration of players who are manipulating the market. As the Chief Executive of First Majestic Silver, one of Canada’s hottest publicly traded companies, and the Chairman of mineral bank First Mining Finance, he pulls no punches in his most recent interview with TF Metals Report in which he destroys the notion that the Federal Reserve is looking out for the best interests of the average investor and warns that the rampant market intervention in which they are involved will soon lead to serious disruptions to financial markets and the global monetary system.

    Quite honestly, if I were part of government I would tell these Fed governors to shut their mouths. I would make it part of their job description that they aren’t even allowed to discuss anything openly with anyone publicly… They all want to become movie stars… they just can’t get out of their own way… every one of these governors tells a different story… whatever they feel like saying at the time… and none of the stuff that comes out of their mouth is reality. They’re just a bunch of academics… they’re not part of the real world… they’ve never had a real job in their life…

    They think that what they’re doing is actually helpful for humanity… but really what they’re doing is just hurting everyone.

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

Jim Rickards: My Emergency Broadcast with Goldfinger. “Super Spike in Price Could Start Tomorrow!”

June 22, 2016 Posted by | Economics | , , , , , , , , , , , , , , | Leave a comment

The Big Guns Are Out: Soros, Rothschild Warn Of Brexit Doom; Osborne Threatens With “Suspending” Market

http://www.telegraph.co.uk/news/2016/06/20/george-osborne-refuses-to-rule-out-suspending-trading-on-the-lon/

Is this a highly sophisticated Illuminist psyop, to blame the sheeple for the coming collapse, using BREXIT as the excuse? Click on image for article.

  • The Big Guns Are Out: Soros, Rothschild Warn Of Brexit Doom; Osborne Threatens With “Suspending” Market
    by Tyler Durden, http://www.zerohedge.com  
    The big guns are officially out.
    Just yesterday, we recounted the story of “Black Wednesday” when on September 16, 1992, the UK was forced out of the EU’s exchange-rate mechanism, or ERM, when the BOE tapped out and allowed the British pound to float freely, leading to 15% losses in the sterling. As we noted, this was George Soros’ infamous trade which “broke the Bank of England” and made the Hungarian richer by over $1.5 bilion.

    24 years later Soros is back, and this time he is warning against the kind of devaluation that made him a billionaire and which he believes will be unleashed by Brexit, when in a Guardian Op-Ed he wrote that U.K. voters are “grossly underestimating” the true costs of a vote to leave the EU, saying that there would be an “immediate and dramatic impact on financial markets, investment, prices and jobs.”

    He predicts that the pound would decline “precipitously”, seeing a gargantuan drop of at least 15% and possibly >20% to below $1.15. Considering it has now become trendy for analysts to come up with ever “doomier” forecasts of just how low cable would plunge in case of Brexit, we are surprised Soros stopped there.

    Here Soros makes the distinction how the collapse in cable would be different from the one that made him richer by saying that this devaluation wouldn’t be “healthy” like the one in 1992 because BOE wouldn’t cut rates, U.K. has large current account deficit and devaluation unlikely to improve manufacturing exports this time. Just don’t tell that to the BOJ, which would gladly leave the EU – twice if it had to – if it meant a 20% devaluation.

    read more.
https://www.theguardian.com/commentisfree/2016/jun/20/brexit-crash-pound-living-standards-george-soros

Click on image for article.

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

Alex Jones Full Show: Brexit Could Break Apart NATO

  • Published on Jun 20, 2016
    On this special Sunday, Father’s Day edition of the Alex Jones Show, we break down the increasing attacks on GOP presidential candidate Donald Trump, as establishment Republicans and the media team up in a massive – but futile – takedown effort. We’ll cover the heated protests in Phoenix yesterday, look at new developments in the “Brexit” and continue analyzing the fallout of the Orlando nightclub shooting which has predictably morphed into a war cry against the Second Amendment. We’ll also take your calls on today’s worldwide broadcast. Former treasury assistant secretary Paul Craig Roberts joins the show to discuss the anomalies in the Orlando shooting and more. Alex Jones and Infowars would like to wish everyone a safe and happy Father’s Day.
http://sputniknews.com/politics/20160608/1041001300/europe-army-nato-us.html

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http://www.thetimes.co.uk/article/7a7ef07e-2387-11e6-8644-041f71209e1f

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http://www.thenewamerican.com/world-news/europe/item/23024-eu-secretly-building-transnational-military

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http://www.express.co.uk/news/politics/612710/European-leaders-EU-ARMY-close-to-reality-Juncker

Click on image for article.

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

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