Socio-Economics History Blog

Socio-Economics & History Commentary

Gerald Celente: GAME OVER! The Global Financial System Is DEAD?!

February 14, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , | 1 Comment

Dr Jim Willie: Death of PetroDollar!

  • Dr. Jim Willie Webinar begins at the 49 minutes mark.
  • Published on Feb 12, 2015
    .. covered the Swiss Franc currency situation, the Ukraine War hidden motives, factors surrounding the death of the Petro-Dollar, and several questions from the audience.
    http://goldenjackass.com/

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February 14, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

How Fast Would Contagion Spread If Greece Exits The Eurozone?

Global currency, economic and financial storm coming!

Global currency, economic and financial storm coming!

Boom-Goes-The-Dynamite-Explosion

  • How Fast Would Contagion Spread If Greece Exits The Eurozone? 
    by Tyler Durden, http://www.zerohedge.com
    Perhaps the most curious aspect of this, third, Greece “”exit crisis, is just how completely unnoticed it has gone by the capital “markets”, or rather non-Greek capital markets. Which, considering the changed dynamics of the negotiations, was to be expected. As explained again earlier, this time around it is imperative on the central planning regime to keep stocks and bonds as stable as possible heading into tomorrow’s negotiations with Greece, because should global risk not bat an eyelid, it will mean that Greek leverage is non-existent as the “market” (which courtesy of central banks no longer really exists) does not anticipate any contagion, and is why the S&P has actually been surging in the past week.
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    There are two problems with this, as UBS laid out yesterday: 1) (lack of) risk no longer reflecting reality doesn’t make sense and 2) “Breaking the deadlock” in negotiations voluntarily may not be easy, “hence, outside pressure—in the form of financial and market dislocations—seems necessary to focus minds.”
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    However, as we noted yesterday, point 2 is only relevant for Europe: Syriza, and largely Greece, no longer cares what the stock market does: only the Eurozone does (and as long as the ECB is there to backstop it in any case, the European “market” isn’t going anywhere). If anything, the only concern of the Greeks is what happens to bank deposits, although by this point anyone who would have pulled their money from the bank already has.
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    Which means that once again, thanks to central bank intervention, the discounting process is broken, and has been skewed to reach a specific political outcome. However, in the worst case scenario – one in which Greece does exit the Eurozone – it will simply mean that the moment of reality has been at best postponed. And the moment when the can kicking ends and reality can no longer be avoided is the millisecond after Greece announces it has quit the Eurozone.
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    What happens then is why UBS has dedicated an entire section to the contagion risk which is now being thoroughly masked by central bank intervention, and which will only emerge, and with a vengeance,  if the worst case does indeed transpire. Needless to say, when it emerges it will be fast.
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    read more!

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February 11, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , | Leave a comment

Economic Meltdown 2015 Is Imminent: Are You Prepared?

Global economic, financial and currency collapse fast approaching!

Global economic, financial and currency collapse fast approaching!

  • Economic Meltdown 2015 Is Imminent: Are You Prepared? 
    by , http://www.thecommonsenseshow.com/ 
    The world is on the verge of a global economic meltdown. What does that mean? The simple answer is that it will not be long until every modern country is consumed by hyperinflation resulting in the crash of most of the paper currencies on the planet. This will result in an economic shutdown. Starvation will become commonplace. Unrestrained violence will occur and eventually the world will slip into World War III.

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    I literally have at my finger tips two dozen economic indicators which demonstrates that total and global economic collapse is at hand. In the interest of brevity, I will only highlight two of these indicators and if these were the only indicators, an economic collapse would still be in our collective futures.
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    The Baltic Dry Index
    The  Baltic Dry Index (BDI) is absolutely the best measure of  global economic health. The BDI is used by economists as a leading global economic indicator because it predicts future economic activity. The BDI, uses the U.S. dollar as a benchmark and measures the global supply and the corresponding demand for commodity shipments among bulk carriers. Commodities, in the form of raw materials like grains, lumber, coal and precious metals form the backbone of the BDI. Over time, the BDI is the best indicator of global economic health because, unlike the futures market, the BDI does not engage in speculation as it provide near real time data on what and what is being shipped. The determinations made by the BDI are such an accurate indicator of economic activity because businesses don’t book freighters when they have no cargo to move. In short, the BDI is the world’s financial blood pressure measure. The BDI is said to be one day away from reaching its all-time low. Ultimately, what the BDI tells economists is that we are headed for a depression that will make 1929 look like a picnic. The BDI has fallen on 43 of the past 47 days.
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    read more!

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February 10, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Gerald Celente: Global Collapse & WW3 in 2015?

February 7, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

This Marked the Beginning of the End for the Central Banking System As We Know It!

Counterfeiters_in_Chief_Draghi_Bernanke

  • This Marked the Beginning of the End for the Central Banking System As We Know It! 
    by Phoenix Capital Research, www.zerohedge.com
    Global Central banks’ reputations are on borrowed time.
    ALL of the so called, “economic recovery” that began in 2009 has been based on the Central Banks’ abilities to rein in the collapse. The first round of interventions (2007-early 2009) was performed in the name of saving the system. The second round (2010-2012) was done because it was generally believed that the first round hadn’t completed the task of getting the world back to recovery.
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    However, from 2012 onward, everything changed. At that point the Central Banks went “all in” on the Keynesian lunacy that they’d been employing since 2008. We no longer had QE plans with definitive deadlines. Instead phrases like “open-ended” and doing “whatever it takes” began to emanate from Central Bankers’ mouths.
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    However, the insanity was in fact greater than this. It is one thing to bluff your way through the weakest recovery in 80+ years with empty promises; but it’s another thing entirely to roll the dice on your entire country’s solvency just to see what happens.
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    In 2013, the Bank of Japan launched a single QE program equal to 25% of Japan’s GDP. This was unheard of in the history of the world. Never before had a country spent so much money relative to its size so rapidly… and with so little results: a few quarters of increased economic growth while household spending collapsed and misery rose alongside inflation.
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    This was the beginning of the end. Japan nearly broke its bond market launching this program (the circuit breakers tripped multiple times in that first week). However it wasn’t until late 2014 that things truly became completely and utterly broken.
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    read more!

Shinzo_Abe_QE_to_Infinity_n_Beyond

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February 7, 2015 Posted by | Economics | , , , , , , , , , , , , | Leave a comment

Richard Russell: What Central Banks Don’t Want You To Know About A $199 Trillion Nightmare!

Global financial tsunami fast approaching!

Global financial tsunami fast approaching!

  • “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” - Austrian economist Ludwig von Mises in his seminal work ‘Human Action’ (originally published by the Yale University Press in 1949)
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  • Richard Russell – What Central Banks Don’t Want You To Know About A $199 Trillion Nightmare! 
    by http://www.kingworldnews.com
    As the world continues to digest breaking news out of Greece, today the Godfather of newsletter writers, 90-year old Richard Russell, discussed what central banks don’t want you to know about a $199 trillion nightmare.  Russell also discussed what this will mean for the gold and silver markets.

    Richard Russell:  “As subscribers know, I consider God’s greatest gift to be peace of mind. Gold and silver are peace of mind.

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    One thing I am certain of is that a hundred or a thousand years from now, silver and gold will still represent earthly wealth. If you own wealth, it is only yours while you’re alive on earth. God is the source of all wealth and we only borrow it while we are alive. Even Bill Gates and Warren Buffet know this, and they have willed their wealth to charity upon their death.  
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    “IT’S A ROLLOVER WORLD AWASH WITH MORE DEBT THAN BEFORE FINANCIAL CRISIS.”
    That’s the headline that greets us in today’s Financial Times. In 2007, world debt was $142 trillion dollars and in 2014 world debt was $199 trillion dollars. The world’s balance sheet today is insane. Incredibly, instead of deleveraging, the world is continuing to leverage, sending world debt to $199 trillion dollars, which is twice its level  in 2000.

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    read more!

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February 7, 2015 Posted by | Economics | , , , , , , , , , , | Leave a comment

“V” The Guerrilla Economist / 2015: Year of the Great Collapse!

February 6, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Bill Holter: Gold is Gone, Total Chaos Coming!

  • Bill Holter: Gold is Gone, Total Chaos Coming! 
    by Greg Hunter’s USAWatchdog.com 
    Financial writer Bill Holter says there is better than 60% to 70% chance that another financial calamity will hit in 2015, and it could start from anywhere in the world.  Holter contends, “It doesn’t really matter where it starts.  It will probably be global within less than 48 hours.  The reality is it will go all the way around the world within two days because party “A” will not pay party “B” who doesn’t pay party “C” and on and on we will go.  The payment chain will break. . . .  I’d like to get back to the point of true and real settlement. If nations don’t settle honestly amongst each other, that is how your trade wars start.  That’s how one neighbor believes another neighbor is ripping them off.  This is how wars start, and that is what this is about:  the rest of the world wanting to trade and wanting to do business mutually and evenly and getting paid for trade.  In the past with the dollar, the U.S. has gone into many places; and after the deal was unfair, they paid with dollars, which is an un-backed freely printed currency. That’s what the world is upset about.  That’s what this tipping of the balance is about.”

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    Holter goes on to point out, “Greece has got to be hidden.  The fact that they are broke cannot come out.  If Italy or Spain or anyone else were to default, that would be calling a spade a spade.  Once the daisy chain breaks, it will lead all the way to the West, and it will lead to London and it will lead to New York.  It will lead to the fact that the gold is gone.  That’s the great fault.  That is the fault at the core of all of this.  That’s why they are kicking the can and kicking the can because it can never be discovered that the gold is gone.  Once that is discovered, it’s over.”
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    read more!

City-chaos-collapse-fire_burning war

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February 5, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: Systemic Breakdown of Financial System, Shemitah 7 Year Cycle, Global Collapse, Global Currency Reset …

  • Jim Willie: Systemic Breakdown of Financial System, Global Collapse And Global Currency Reset! 
    by https://www.perpetualassets.com/ 
    Will Lehr of Perpetual Assets Interviews Jim Willie, The Golden Jackass, editor of the Hat Trick Letter
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    My buddy the Golden Jackass is back, diving deep into the abyss of all matters financial and geopolitical. Join us for well over an hour of analyzation of the events of today.
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    In the first half of the interview we cover the 10 most critical developments of 2015, and it’s only February. Typically any one of these events would be big enough to make annual headlines. These have all occurred in a matter of 3 weeks!
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    Jim makes a big call regarding Germany’s ‘stance’ in the dollar demise. We cover everything from underwater prisons to new energy technology. The doctor even gives us a lesson on statistical probability as it pertains to global collapse events and government propaganda statistics. From Greek pipelines to the Shemitah cycle of financial crises we cover broad topics with just enough depth to engage your curiosity.
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    2015 Bombshell events listed in chronological order:
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    Russia jumped off the Petro-Dollar recycle wagon
    The Swiss removed the 120 Euro peg to their Franc currency
    The Greeks have prepared to exit the European Union and to default on debt
    The Euro Central Bank announced details on their newest QE tampering
    King Abdullah died and the transition for the royal family begins
    Merkel has offered a trade union proposal to Russia, which discards the US-led TTIP trade pact
    The German watchdog financial cop BaFin found no improper manipulation in the gold market
    The Swiss have set up a major RMB trading center in Zurich
    The details for Gazprom pipeline extension through Turkey have been revealed
    The USEconomy had an enormous miss in expected Durable Good orders

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February 3, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Economic Collapse Is Closer Than People Think!

  • Published on Jan 30, 2015
    Get economic collapse news throughout the day visit http://x22report.com

    More news visit http://thepeoplesnewz.com
    Report date: 1.30.2015
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    Greece is not cooperating with the EU with regards to bailouts. Consumer confidence very high even though their fewer people working than during the recession of 2008. Layoffs continue and the retail sector is collapsing. GDP dropped in the 4th quarter, but the government has tricked the people into thinking consumer spending is up. Baltic dry index declined once again. China outpaces the US in regard to foreign investment. Canada pushing anti terror bill which will limit free speech. Ukraine will ask the UN to designate Russia as a terrorism sponsor. The US is losing control of the middle east and war is now being pushed on all fronts.

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January 31, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jim Willie: US Dollar Will Not Survive 2015!

PetroDollar is dying!

PetroDollar is dying!

  • Jim Willie: US Dollar Will Not Survive 2015!! 
    by http://www.silverdoctors.com/ 
    Summary
    The forecast for fast acceleration of events into the January month has occurred on schedule.  Normally a very big event occurs every several weeks, or every few months.  In just the last three weeks, ten have taken place of significance.
    The pace has quickened in an alarming fashion. The Great Quickening has commenced.
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    Something big, ugly, and nasty this way comes.
    The disruptive events and pace of systemic breakdown are surely going to continue.  The year will go down in history as extremely messy, extremely chaotic, and extremely important in the demise of the USDollar.

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    Check the 7-year cycle for an amazing sequence that goes back to the 1973 Arab Oil Embargo, the 1980 Gold & Silver Hunt Brothers peak, the 1987 Black Monday, the 1994 Irrational Exuberance with ensuing Asian Meltdown, the 2001 Inside 9/11 Job, and the 2008 Lehman failure.
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    The Year 2015 will be known for the USDollar demise with full fireworks.
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    With the acceleration of events in progress and in view, the pressures will grow against the entire King Dollar Court, the corrupt fortresses in Wall Street and London Centre, the crime syndicate hive.
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    The USDollar will not survive the year.

    By Jim WillieGoldenJackass.com 

    In the closing months of 2014, on numerous occasions the position was put forth that as the days of January stacked up, toward the end of the month and going into February, that the global financial structures would show severe strain, widespread disruptions, and possible signs of cracks in breakdown. The forecasts were clearly stated and repeated. Even the present flow of events has been shocking, despite the expectation.
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    The forecast certainly has proven correct.
    The disruptive events and pace of systemic breakdown are surely going to continue. The year will go down in history as extremely messy, extremely chaotic, and extremely important in the demise of the USDollar.
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    Check the 7-year cycle for an amazing sequence that goes back to the 1973 Arab Oil Embargo, the 1980 Gold & Silver Hunt Brothers peak, the 1987 Black Monday, the 1994 Irrational Exuberance with ensuing Asian Meltdown, the 2001 Inside 9/11 Job, and the 2008 Lehman failure. The Year 2015 will be known for the USDollar demise with full fireworks, set up with Ukraine and the European repeat of Waterloo. A quickening pace of events is highly indicative in two natural types in nature, namely the lead up to a natural earthquake, and the lead up to a human childbirth.
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    KEY ACCELERANT EVENTS
    The forecast about fast acceleration of events into the January month has occurred on schedule. Normally a very big event occurs every several weeks, or every few months. In just the last three weeks ten have taken place of significance. The pace has quickened in an alarming fashion. The Great Quickening has commenced. Something big ugly and nasty this way comes. The events are worth emphasis, since each has enormous implications and fallout.

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    read more!

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January 29, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

This Is The Beginning Of The End For The Euro!

Eurozone_matches_Euro_on_fire_collapse

  • This Is The Beginning Of The End For The Euro! 
    by Michael Snyder, http://theeconomiccollapseblog.com/ 
    The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock.  It hit an 11 year low of $1.13, and many analysts believe that it is going much, much lower than this.  The speed at which the euro has been falling in recent months has been absolutely stunning.  Less than a year ago it was hovering near $1.40.  But since that time the crippling economic problems in southern Europe have gone from bad to worse, and no amount of money printing is going to avert the financial nightmare that is slowly unfolding right before our eyes.  Yes, there may be some temporary euphoria for a few days, but it is important to remember that reckless money printing worked for the Weimar Republic for a little while too before it turned into an utter disaster.  Now that the ECB has decided to go this route, it is essentially out of ammunition.  The only thing that it could potentially do beyond this is to print even larger quantities of money.  As the global financial crisis begins to unfold over the next couple of years, the ECB is pretty much going to be powerless to do anything about it.  Over the next couple of months, we can expect the euro to continue to head toward parity with the U.S. dollar, and eventually it is going to go to all-time lows.  Meanwhile, the future of the eurozone itself is very much in doubt.  If it does break up, the elite of Europe will probably try to put it back together in some sort of new configuration, but the damage will already have been done.
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    Over the next 18 months, the European Central bank will create more than a trillion euros out of thin air and will use that money to buy debt.  The following is how this new QE program for Europe was described by the Telegraph
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    read more!

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January 29, 2015 Posted by | Economics | , , , , , , , , | 1 Comment

Jim Willie: The End of the American Empire – Big, Powerful, Nasty & Ugly Days Ahead !

  • Jim Willie – The End of the American Empire: Big, Powerful, Nasty & Ugly Days Ahead
    by http://www.oneradionetwork.com/ 
    Show Highlights:
    - Willie says there is a strong contingent of powerful “Good Guys” ex military who are tired of the status quo; and there are extremely wealthy Chinese Elders who are sick and tired of “The Boys” andtheir destruction of the Planet.

    - There are three major factions who run the world….for now; who are they?
    - Germany is actively looking for credible ways to exit the Euro Zone, political and currency
    - The dollar is losing market share, as we speak, with the emergence with BRICS
    - The amount of gold Russia and China has will curl your hair
    - The U.S. is out of gold
    - Putin kicked the Rothchild’s out of Russia a few years ago
    - The Vatican is loaded with assets on all levels and it goes back over a thousand years
    - Willie explains how oil got to $45 a barrel today
    - It’s all about derivatives and not supply and demand for all major assets
    - Just how did the Swiss pull off keeping the Euro peg for the last three years
    - The dollar may have strong numbers today but is weak at heart
    - Willie’s take on ISIS, their origin and what they are up to
    - The Global Currency Reset is real and in motion
    - There will be a new, improved dollar someday that will be as worthless as the current one
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    and so much more!

  • To download the MP3 audio files click here: Hour 1,   Hour 2  .

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January 28, 2015 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

EU to Consider Barring Russia from SWIFT Interbank System, Russian PM Warns of Tough Response! WW3 is Near?!

  • Published on Jan 27, 2015
    Calls to disconnect Russian banks from the global SWIFT interbank system came amid the deterioration of relations between Russia and the West, and the introduction of sanctions in response to Moscow’s alleged role in the Ukraine conflict. Russia’s response to a possible cut-off from the SWIFT international banking payment system will be “unrestricted,” Prime Minister Dmitry Medvedev vowed.

  • Cutting off Russia from the SWIFT system is a declaration of war! It will escalate to WW3! Once the Anglo-American-Zionist western Illuminati denies Russia access, it means it is time for many countries to take a side in the coming WW3. They will have to choose between the west or the BRICS alliance led by Russia/China. The western Illuminati know that their global economic, financial and monetary hegemony is close to blowing up. They are playing their Satanic WW3 card ie. global hegemony via the ‘barrel of a gun’, ‘obey us or it will be thermonuclear bombs on your country’!
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  • Got physical gold yet? Global economic, financial and currency meltdown approaching rapidly!
https://larouchepac.com/20150115

Click on image for article!

http://rt.com/business/211291-swift-banking-russia-vtb/

Monetary and financial WW3 has already started ! Click on image for article!

http://en.itar-tass.com/economy/759113

Click on image for article!

http://en.ria.ru/business/20140918/193052405/European-Parliament-Calls-For-Excluding-Russia-From-SWIFT-System.html

Click on image for article!

http://en.itar-tass.com/economy/748916

Click on image for article!

http://www.bloomberg.com/news/2014-08-29/u-k-wants-eu-to-block-russia-from-swift-banking-network.html

Click on image for article!

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January 28, 2015 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

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