The global financial crisis is better described as a global monetary war to defend the toxic US Dollar, whose sunset can be seen.In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War. Nations are …
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Trump’s son-in-law Jared Kushner has billion dollar loans, ties to Goldman Sachs and George Soros
Breitbart News Senior Editor-at-Large Peter Schweizer addressed reports that President Trump’s son-in-law Jared Kushner had an undisclosed business relationship with Goldman Sachs and billionaire left-wing financier George Soros on Wednesday’sBreitbart News Daily. “This is a company that not only is Jared Kushner an investor in, he co-founded in 2014,” Schweizer …
Read More »Australia doomed: debt ceiling raised $200b, central bank given $8.8b
The Federal Government has given the Reserve Bank of Australia a $8.8 billion one-off grant to help it manage future economic crises. The money will be added to a fund used to offset the central bank’s exposure to risky financial assets. Federal Treasurer Joe Hockey says Australia’s economy continues to …
Read More »Zimbabwe phases out local currency at 35 quadrillion to US$1
Zimbabwe has started retiring its almost worthless local currency in favor of the US dollar. Today, 35 quadrillion Zimbabwean dollars are equal to US $1, as a result of hyperinflation which hit the country in 2009. The demonetization process of the Zimbabwe dollar started on Monday and will run till …
Read More »USD is dead: China caps its dollar holdings & plans crude oil futures priced in yuan
China’s central bank has said it no longer sees any benefit in increasing its $3.66 trillion foreign currency reserves – already the world’s largest. China will cap its purchases of US dollars in an effort to limit the depreciation of the yuan. “It’s no longer in China’s favor to accumulate …
Read More »US military protecting international banking cartel
“My assessment is that 90% of the value of the US dollar comes from the US military.” — Former Assistant Housing Secretary Catherine Austin Fitts For decades, America has used its armed strength to enforce the use of the dollar as the world’s reserve currency, effectively making the US military …
Read More »IMF set to include Chinese yuan into SDR currency basket
From Filip Karinja, for Birch Gold Group The International Monetary Fund (IMF) is set to meet in just over a week – on November 30 – to discuss what will almost certainly see the Chinese yuan added to the Special Drawing Rights (SDR) currency basket. IMF Chief Christine Lagarde has already …
Read More »Silver to surge 433% from current levels – Greyerz
Today Egon von Greyerz told King World News that silver is going to surge a remarkable 433% from current levels. Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said the move in silver could take place, “… in the next twelve months.” Here is …
Read More »Russia to start pricing oil in their own currency
It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as Vladimir Putin‘s “dream” of ruble-based pricing of its domestically-produced oil is on the verge of realization. SPIMEX (The St. Petersburg International Mercantile Exchange) is actively courting international oil traders to join its emerging …
Read More »Signs of the gold standard emerging in China?
As noted in last week’s column about the rising recognition by authorities in Germany about the virtues of gold, the gold standard is receiving impressive new recognition internationally. The GOP plank calling for a commission to study “possible ways to set a fixed value for the dollar” — with an unmistakable nod …
Read More »Al Gore purchases $9 million dollar mansion: consumes more energy than an entire working class neighborhood
If you look at the photos below, you’ll notice there are no solar panels on the roof – even though the region gets lots of sunshine. In fact the house indeed is a real energy pig and probably consumes more than an entire working class neighborhood. Think of the huge carbon …
Read More »BRICS dumping euro amid simmering EU banking crisis
People withdraw money from Bank of Cyprus ATM’s while employees gather outside the bank’s headquarters in Athens. Brussels has been forced to eat a generous slice of humble pie: A massive sell-off of the euro is underway in the wake of a persistent financial crisis, as holdings in the European …
Read More »Unsustainable
When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable. As a nation we consume far more than we produce, we spend …
Read More »Chinese renminbi is now directly tradable with the euro
The Chinese central bank, People’s Bank of China, issued a press release announcing the authorization of direct trading between the renminbi and the euro on the inter-bank foreign exchange market. This is huge. The euro is the second most traded currency in the world, after the US dollar. The European Union is …
Read More »IMF forgives Ukraine’s debt to Russia
On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day …
Read More »Pentagon requests $534 billion for 2016, largest ever war budget
The White House will be seeking $534 billion from Congress to run the Pentagon in 2016 – its largest budget ever. However, a source told RT that the budget is actually closer to $1 trillion, and has been for several administrations. The Obama administration declared an end to “mindless austerity” …
Read More »Currency wars: Venezuela devalues its currency by 46%
While the rest of the developed world is scrambling here and there, politely prodding its central bankers to destroy their relative currencies, all the while naming said devaluation assorted names, “quantitative easing” being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing …
Read More »Government is ‘robbing’ citizens of their wealth through inflation
Political commentator and freedom advocate Floyd Brown knows what the U.S. government is up to, and he’s calling Washington on it. In this one-on-one interview, find out why the president of the Western Center for Journalism believes Americans are systematically robbed of their savings through a deliberate devaluation of the …
Read More »Russia admits it’s dumping USD and Euro for gold
Editor’s note: this article is sourced from RT so it’s straight from the Kremlin’s mouth A message to other nations to follow suit perhaps? Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and …
Read More »Economic collapse is inevitable, here’s why…
America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts outlined on this page. The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As …
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