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MONEY Reset - The FX Reboot has started, slowly at first...

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RUBle - is Blue, on the chart below ... update

 

RBL_zps1add3c9d.gif

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David Wilcock : Reset Rumors (not sure how reliable these are)

 

/ from a post he made on Ben Fulford's site /

 

It appeared the US was going to be forced to sign a massive deal to reform the global financial system as of April 10-11th but they refused.

The problem, then, was that there was no means to immediately force them to change their minds. Instead, the response is taking more time. Perhaps the Alliance didn’t expect such a blatant move.

 

Now it appears that the massive equity in the Collateral Accounts is going to be used to create an alternative financial system that will dwarf the IMF and World Bank in size, with the full backing of BRICS and other allies. This will be a gold and commodity-backed currency. Once people start using this for international trade instead of the dollar, it’s curtains for the FRN.

Also, perhaps the single biggest reason we haven’t seen arrests yet is the Cabal will destroy the financial system and thus take the planet down with them. There has been an urgent need all along to figure out “how to pay for it” once the hammer comes down. That’s why this new bank is so significant. The Cabal knows they’re out of time.

. . .

It also appears the US is in position to make a switch from Federal Reserve notes to Treasury notes. The new money keeps getting counterfeited by the Iranians almost as soon as they design it, and apparently fully eight different designs have been made and printed only to have to start over yet again — just in the last 2-3 years. This means 1s, 5s, 10s, 20s, 50s and 100s have been made on eight completely different occasions with different designs for each, only to be shredded and to start over yet again.

 

There was talk that a one-time devaluation of US currency would occur, where if you were stashing cash (and only by amounts up to 10K per day), you could trade in FRNs for TNs if you did it within a week, and not lose any value. The gossip was that after a week the FRNs would be worth 35% less and then after 6 or 8 months they would drop by another 35%.

 

All money actually held in the bank would just convert from FRNs to TNs with no devaluation whatsoever. This move would convert the “black cash” held by criminals, drug dealers, et cetera into worthless paper and also eliminate what is apparently a massive problem with Iranian counterfeit, of very high quality. Apparently 2/3rds of all 100s in circulation are Iranian counterfeit bills and it’s a huge problem.

The latest gossip I’ve heard is that the FRN to TN conversion will not involve any devaluation — at least for those with their money in the bank.

==

> http://jhaines6.wordpress.com/2014/06/03/david-wilcock-comments-on-ben-fulfords-blog-june-3-2014-thanks-to-reader-n-j/

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The Turning Point

Jeff Thomas / International Man
June 16, 2014

 

Years from now, we may well look back on this period as being the turning point.

twister.jpg

 

For over a decade, we’ve predicted that the Great Unravelling would take place in phases: there would be initial crashes followed by a false recovery, then a series of major crashes followed by a long, painful trip to the bottom.

Along the way, the entire order of power around the globe would change dramatically. In addition, fiat currencies would ultimately collapse, and the period would be marked with tyranny and turmoil, dramatic inflation, a gold mania, currency and migration controls, confiscation of assets, and food riots. Quite a list.

 

Doug Casey has described the false recovery period as “the eye of the hurricane,” a term that he first began using in 2010. Most of us who have shared his view (Doug included) believed that the turning point—the point at which we exited the eye and re-entered the hurricane—would have occurred sooner than now. But we were premature. He has said, “I often confuse inevitable with imminent.” He’s not alone. Each of us who have made similar predictions have been premature with regard to the timing.

 

So, why should I now suggest that the turning point may be imminent?

To answer that, let’s have a look at some recent events.

  • Russia announced that Western sanctions will force them to use the ruble for international trade, demonstrating that the West have dramatically shot themselves in the foot with the imposition of sanctions.
  • Europe confirmed that it does not endorse sanctions against Russia, as they will cause more damage to Europe than Russia.
  • Russia has announced its refusal to comply with US FATCA demands.
  • In Europe, elections indicate that EU citizens are moving away from the EU concept. In the UK, the UKIP party, running on a platform of removing the UK from the EU altogether, took over as the #1 party in England—the first time in modern history that neither Tories nor Labour won a British election.
  • A new leader has been elected in India—a free-market thinker and the first leader not to be from the family that has ruled India since it became a nation in 1947.
  • Glenn Greenwald, who chronicled the Edward Snowden leaks, stated that he is ready to publish an even greater revelation: the names of those Americans targeted by the NSA, very possibly revealing that the “war on terrorism” is actually a “tyranny over the citizenry.”
  • Several Wall Street insiders went on record as predicting a 98% chance of a crash in the stock market this year.
  • One of the world’s biggest bond fund managers, Jeffrey Gundlach, predicts market damage that will “far exceed the damage of 2008.”
  • Insider Jim Rickards has stated that his predictions of disastrous developments to take place in 2015-2016 in his just-released book, The Death of Money, are coming “faster than I would have expected… Some of these catastrophic outcomes may come sooner than I wrote about.” (When insiders begin to acknowledge the death knell of the markets, the end cannot be far off.)

And of course, all of the above come in the wake of the biggest bombshell of all: the $400 billion gas supply agreement between China and Russia that threatens to end the US dollar as the petro-currency and the world’s default currency.

 

==

> http://jhaines6.wordpress.com/2014/06/17/the-turning-point/

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Just read 'Lords of Finance' by Ahamed (Penguin book).

 

Book supports the view that after WW I, and the inflation that resulted by printing, the decision to take the world back onto the gold standard ( in the case of England at an exchange rate which overvalued the pound)

was responsible for the economic crisis of the 30's. Depression was eventually resolved by devaluation of the dollar and other currencies against gold, that resulted in increase of prices (commodities) and the breaking in deflationary psychology.

 

The basic idea appears to be that irrespective of the gold price assigned in an economy of a country following the gold standard, the growth of the economy and resulting demand for money will always eventually exceed the value of the gold reserves, which grow globally at a maximum 2% rate. Furthermore there are problems that some countries (like US and France in the 20's) have too much gold while others have insufficient. These are logical arguments supporting the view that gold standard can not work today, at least in the original form.

 

Today gold is just a commodity. Does anyone expect a different role in the future? Money supply has increased (exploded) recently but money velocity has also decreased so there is no inflation.

Does anyone have a clear view where we are heading?

 

Is the economy fixed now that QE4 is phased out or is the crisis continuing, how, and what is the future role if any) for gold?

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on Jim Rickards ideas

 

1- SDR's printed by the IMF to bail out overstretched Central Banks

2- Gold-backed new currency

3- A new Fascist world

1. Debts are huge so there are 2 solutions

- repudiation

- inflating away by money printing

So what is Rickard's suggesting? That IMF itself creating high inflation ?

3. Dont want to discuss this.

2. Intrinsic value of gold is mining cost. The intrinsic value if far far smaller than the amount required to back fiat currencies present today.

Gold backed new currency is not therefore the solution. New ideas are needed. There is my naive two pence

- In my opinion the maximum amount of money that a country may issue must have value, not larger than the total value of the assets owned by the

government. These may include gold, but perhaps less liquid stuff could be included, like property. That sets an upper limit.

-The effect of money on the economy unfortunately is dependent also on money velocity, which is variable factor. If velocity goes to zero, theoretically huge amounts of

banknotes could be printed without hyperinflation (as we see today). The total amount could exceed the upper limit. !!

- So, the conclusion is that some clever self-regulating system is required that considers money velocity and allows growth of money supply at high rate required by economic growth.

I believe that some original ideas are needed and will eventually be implemented.

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YUAN is Going Global ! : A currency Reset in slow-ish motion

 

There's an article in today's SCMP...

"Big challenges ahead for Yuan to go global."

 

Chinese Yuan / usdCNY ... update

CNY_zpsca553dc4.gif

 

ALREADY:

+ the 7th most used payment currency globally = HK$4.9 trillion / US$ 631 billion in settlements last year

+ China has ambitions for the Yuan to compete with the USD globally

+ The currency began to be used outside China on June 29, 2009

+ Now has 1.62 percent of global payments

 

FAST EXPANSION:

+ China estimates that : 1/3 of its trade will be settled in renminbi in 2015

+ Within 3-5 years, Half of China's trade may be: Rmb; then $2 trillion p.a., making RMB #3 currency

+ But for Non-China trade, it is small

 

COMPARE:

+ USD : 40.19% of Global trade

+ EUR : 31.78%

+ GBP : 9.24 %

+ RMB : 1.62 %

 

Trade settlements - Using RMB in HK:

Year- Bn. Yuan : Growth
2010 : 0,369.2 :
2011 : 1,914.9 : +418.7% :
2012 : 2,632.5 : + 37.5 % :
2013 : 3,840.9 : + 45.9 % :
4mos : 1,950.3 :
' 14A : 5,850.9 : + 52.3 % : annualised
2014 : Growth will be higher, if rate exceeds 1st 4mos.
HK Yuan deposits have grown by 16 times since 2008.
= Rmb 959.9 billion at Apr. 2014
HK Dollar deposits
= HKD$ 329.3 billion (end 2013) = 15.5% of GDP
(up from 8% GDP in 2001.)
Yuan will be used for cross-border settlements of stocks in Shanghai and HK (from Oct.2014)

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Well, the US government is doing everything it can to discourage people from using the USD or investing in the US for that matter, so even of China did nothing at all I would still expect to see a reduction in the proportion of trades done in USD over time. With China actively encouraging the use of RMB as a trade currency, that process is being accelerated.

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Jim Willie claims in this interview:

 

https://www.youtube.com/watch?v=TVGV3kLqtNI

 

... that the Mission of Obama is to destroy the US economy, and confidence in the US Dollar.

 

If true, he's doing an excellent job.

 

PC Roberts says: "the US is trying to goad Putin into inteferring in the Ukraine."

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Can Gold backing work?

What will happen to the price, if you use it to back 5%, 10%, 20%, 50% or whatever, of currency in issuance?

 

on Jim Rickards ideas

. . .

2. Intrinsic value of gold is mining cost. The intrinsic value if far far smaller than the amount required to back fiat currencies present today.

Gold backed new currency is not therefore the solution. New ideas are needed. There is my naive two pence

- In my opinion the maximum amount of money that a country may issue must have value, not larger than the total value of the assets owned by the

government. These may include gold, but perhaps less liquid stuff could be included, like property. That sets an upper limit.

-The effect of money on the economy unfortunately is dependent also on money velocity, which is variable factor. If velocity goes to zero, theoretically huge amounts of

banknotes could be printed without hyperinflation (as we see today). The total amount could exceed the upper limit. !!

- So, the conclusion is that some clever self-regulating system is required that considers money velocity and allows growth of money supply at high rate required by economic growth.

I believe that some original ideas are needed and will eventually be implemented.

 

???
It depends on how much Gold you want/need.

 

If you demand more and more gold each year, the average Mining cost will rise.

 

Here's Gold production since 1900:

3.jpg

 

And, in recent years :

 

mine-supply-gold-2013.png

 

Even though the price rose dramatically since 2001, production has grown little.

Demand more gold production, and the costs will really soar.

WHY?
Because most of the high grade Gold has already been found and mined,

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RESET LOOKS LIKE?

What might a RESET involve a Dollar Devaluation look like?

 

(From Jim Willie):

The USD has turned cancerous, a grand contamination to the global economy. For almost five years, the Jackass has claimed that the initial nations to abandon the USDollar and proceed with an alternative, especially a gold standard solution, will emerge healthy and become the leaders in the next chapter, while the nations that stick with the USD to the end will fall into the Third World with violence and no mercy shown.

Critical Moment : creation of the "Scheiss Dollar"

The critical moment is arriving for precisely that reality. The joke passed had been that the USDollar rises then rises and rises some more, before it dies suddenly. Other nations are rendered weaker by the QE initiatives, but do not have the ability to print money in heavy volumes. The USD might instead split into the International Dollar and the New Republic Dollar. The latter has earned as concept the Scheiss Dollar name, which word has it will have a gold backing. However, it is the very same Deep Storage fraudulent underpinning that appears on the USGovt accounting ledger for gold management. Think Barrick Gold output from raw mine ore, not yet mined. Think Evergreen Gold contracts, and other totally corrupted gold instruments. The challenge will be immediate and deadly for devaluation. Further proof of the validity of the split Dollar to come is the denial by Karen Hudes, (haha!) who never stopped collecting a paycheck from the World Bank after all. The past report of her departure from the venerable hegemony outpost at WB was false. The constant is that bankers lie, and so do their hired guns under employ.

Pressure is building for the United States to lose its own currency. For three decades the US has exported inflation, but next it will rapidly import inflation. This is the key which when turned will open the door to the Third World. The US nation has already been de-industrialized. The process began in the 1980 decade with the outsourcing to the Pacific Rim. It culminated in the Chinese Renaissance after bargaining for the Most Favored Nation status. When the New Scheiss Dollar is launched, expect sudden price inflation to surge, expect sudden supply shortages to appear, and expect sudden violence to break out. The result will be acute shortages in food at supermarkets, acute shortages in fuel at service stations, and acute shortage in cash at ATM machines. The US population will not finally suffer a rude awakening until the vast broad painful shortages arrive and meet them face to face.

30% Drop?

If a 30% devaluation comes as part of the initial currency launch, then the (10/7) factor dictates a ripe 43% price inflation hit from the import channels. For reference to an actual model, see Venezuela for a peek into the US future of disorder, chaos, violence, and severe disruption. They struggle with 100% annual price inflation and deep shortage of staples, amidst almost daily demonstrations.

==

> http://www.silverdoctors.com/jim-willie-collapse-has-occurred-hyperinflation-meets-asset-destruction/

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Given the US job numbers, energy production levels and real estate strength, I would be very surprised to see any significant weakness in the US dollar in the near term. In spite of the very best efforts of federal, state and local leaders, the US economy is staging some sort of tepid recovery. How long that expansion continues is another matter.

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My Bradley cycle work (if it is worth anything) suggested a Dollar peak in mid-July.

 

Right now, it looks like if we get that - it might be a lower high

 

I believe the US is in a far bigger FIX than the MSM admits.

And the only thing that might bail out stock market investors (at current prices)

would be a FAR weaker US dollar.

 

I'll stick to my Gold and Gold shares

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Willem Middelkoop The Big Reset Full Interview | Global Currency Reset

 

=

=

 

"There's enough Gold around to support a Currency Reset, using the SDR."

"Interest rates will stay low, because the global economy cannot cope otherwise."

 

"Japan will hit the wall soon. Something needs to be done."

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Following is an EXCERPT from an article called Strangehold on America,
dated July 27th
. . .
THE TIDE is now turning thanks to the Alternative Media published on the Worldwide Internet, the New Gutenberg Press and two major additional changes inside the USG.

The first major change is the Repatriotization of the Intel Cowboys, many of whom have come from retirement and gone back to work to take America back from the Zionist invaders, whom they now see clearly are America’s true Enemies Within the Gates of America.

The second major change is that a whole new group of High Military have been appointed to run the US Military. These new leaders of the US Military are America-Firsters and are some of the very finest individuals imaginable. These key individuals, top US Military leaders are firing and retiring hundreds of officers who were appointed by the Bush Crime cabal and served the World Zionists. Some were blatant Israeli-Firsters and Traitors to America.

The US Military High command has taken a new course and is decisively routing out all US Military Officers that are not America-Firsters.

The first ramifications of this have been that America has not entered any major new wars in Syria, Iran, the Ukraine or Iraq. This has been quite disheartening to the WZ’s puppets-in-place in America who are known to be Israeli-American Israeli-First “Dual Citizens, NeoCons and PNACers. These WZ Traitors-in-place in America have become desperate too and are pulling every string they can to try and coerce members of Congress to get America to fight more major wars for the World Zionists and their main action-agent Cutout Israel. Congress has been able to pass resolutions of support for Israel in their new invasion and mass-murdering of Palestinians, but has not been able to coerce the American Military to go to war on their behalf. this is a major set back and the WZs options are becoming more and more limited by the day.
. . .
Secret preparations are now underway to restore the American Dollar, and to Federalize and eliminate the Federal Reserve System, bringing all American Banking functions back into the US Department of the treasury and taking them back from foreign banking families that hijacked the American Monetary Production and Distribution System in 1913. The secret to this transformation which is now occurring in steps is hinted at in the appearance of the new 100 dollar Bill just recently released.
. . .
The BRICS Nations Financial and trading Block is now gaining serious strength and this means the US Petro Dollar is doomed to continue serving as the World’s Reserve Currency. (5)

The BRICS Nations Financial and Trading Block is now gaining by the month and over 130 nations have now signed pledges or agreements to participate. This is generating tremendous pressure and is seriously undermining the Rothschild private Zionist Central Banking System and all their franchisee Central Banks all over the world, especially the clearly illegal, Unconstitutional American Federal Reserve System.

Major Bankster arrests will occur when the great Financial Reset occurs.

This growing BRICS phenomena will force a major monetary reset in America and every other major nation of the world and the World Zionists will be left out in the cold. America will be forced to cancel all the bad, fraudulent debts, including derivatives and bad paper too. All fraudulent debts will be forgiven and much of the loot stolen by the WZs will be clawed back. And the best part of all, when the reset occurs, many Banksters and their associates will be arrested by the US Military High Command or the Provost Martial.
. . .
What can we do to speed up the Exposure and Ending of the Zionist Occupation and Stranglehold on America?

Do our best to get the truth out to family and friends. Word of mouth is a powerful means of transmitting the truth to others. You can share article like this with friends and family. Truth and exposure of the World Zionist’s Evil is coffin nails to their plans. That is why they have spent many millions of dollars buying and consolidating the American major mass media and taking control of the educational Curriculums of all public schools and Universities.

But despite all this millions each month are figuring out that the CMMM is not only controlled USG Propaganda but filled with lies and misinformation designed to keep the average American oppressed.

Get politically active in your local community and at the City Council. Start a community watch and get to know your neighbors.

Learn as much as you can about Recall Petitions and how to use them and consider starting one against elected officials from your districts that you think are unAmerican.

Use your imagination. Most can come up with incredibly creative ideas to create public awareness of the WZ occupation and Stranglehold on America and its institutions.
==
> Preston James : http://www.veteranstoday.com/2014/07/27/stranglehold-on-america/

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This week has seen the emergence of two separate plans to have the best of both worlds. Ripple, a digital payments network that allows people to transact in a range of virtual and traditional currencies, said it had developed a way for people to transact in a digital form of gold. The announcement on Tuesday came on the heels of a company called Anthem Vault saying it had created its own virtual currency backed by gold, known (inevitably) as Independence Coin.

 

http://www.businessweek.com/articles/2014-07-30/ripple-and-anthem-vault-combine-gold-with-bitcoin-style-currency

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Jim Willie claims: New Commodity-back currency coming !

 

Gold / Silver / Oil / NatGas - backed by these four

 

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A different point of view, which needs to be heard...

 

Is Putin doing what the global banksters want him to do?

 

BRICs Bank to Falicitate A NWO Without The USA - Anthony Migchels

= http://www.youtube.com/watch?v=3N-AV5A5dKE =

 

The BRICS Bank and BRICS currency system is targetting the US Dollar (only!), not the NWO.

 

It may be (is !) part of the NWO plan, to bring down the USD, and bring in a new global currency

 

- That's what Anthony Migchels believes, in this articulate explanation

=

He could be right, but I am also struck that Putin has been destroying the power of the "5th column" Zionists in Russia

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Ben Fulford:

 

China set up a Yuan based gold futures trading market that will be open to foreigners and restricted to physical gold. Since China accounts for one third of world physical gold demand, and Asia two thirds, this market has a good chance of taking over price setting for gold from exchanges in the US and London. Sister markets will soon start in Hong Kong and Singapore as well. This move comes as the Rothschild family has already quit the gold business and the London gold market is under investigation for price fixing.

http://articles.economictimes.indiatimes.com/2014-09-18/news/54068363_1_shanghai-gold-exchange-gold-contracts-pricing-power

However, the Chinese are not going to use a gold backed Yuan to replace the petro-dollar but will instead link their currency to a basket of commodities and other national currencies, Chinese government officials say.

Although many in the West are impatient for a big sudden change, the Chinese know that time is on their side. All they have to do is make sure nobody is fooled into starting a planet destroying war and wait for their strength to increase while that of the West withers away. Unless the West acts decisively on its own to reboot their economic and political systems, they will just continue to watch helplessly as the BRICS inexorably leave them behind.

However, if the West reboots itself, it will benefit from an age of exponential progress that will make the agricultural and industrial revolutions seem like the first tentative steps taken by a toddler. What are we waiting for?

==

> http://hipknowsys.blogspot.hk/2014/09/benjamin-fulford-september-22-2014.html#more

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Game-Changer: Moscow Stock Exchange Backs Hong Kong Dollar

HongKong_HSBC_1000_dollar_front_web.jpg
Chinese Currencies Hitting the Jackpot

On the 23rd of September, the Moscow Stock Exchange agreed to approve trade in Hong Kong dollars after a raft of Russian corporates had demanded the move. For Moscow Stock Exchange this was an important move as companies such as Sberbank and Gazprom had already made plans to raise billions of dollars in Asian currencies such as the Yuan, Hong Kong Dollar and the Singaporian Dollar.

 

The demand for Chinese currencies in Russia has spiked after the sanctions and the trade deals announced with China earlier this year. Yuan trading on the exchange is up ten-fold from last year and is growing at a rate of 26% month on month as of August. September is on track to post another record month with double-digit percentage gains on the month.

 

The move is the last piece of the puzzle in cementing Russia's new economic model; economic integration with Asia. It also signifies that the West may have lost Russia forever as the announcement also followed news that Russia's third largest bank, Gazprombank, had started issuing cards with China's UnionPay.

 

China is already Russia's largest trading partner making up 11% of all Russian trade and the two nations are targeting a minimum of 200 billion dollars of mutual trade by 2020 - half of which they wish to be settled in Rubles and Yuan.

==

> http://russia-insider.com/en/business/2014/09/24/10-37-46pm/game-changer_moscow_stock_exchange_backs_hong_kong_dollar

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...May well be one possible endgame as the world is forced to transition from the US Dollar

as a reserve currency in the coming years.

 

Never gonna happen?

Considering that none other than Obama's own former chief economic advisor, Jared Bernstein, is advocating dropping the USD as the global reserve currency, we would be careful with using the word "never" in this specific case...

 

Reserve%20Currency%20Status.png

 

The good news for the US, now that Russia appears set on either rapidly or slowly selling off its US Treasury exposure, is that Kremlin has possession of only $115 billion in US paper, which happens to be more than the $100 billion it reported in May when the first shock of a Russian bond sell off hit the market, and both of which happen to be amounts the Fed can easily monetize into its record big balance sheet (which, taper or no taper, just grew by $28 billion in the past week alone) in just over a month.

==

> http://russia-insider.com/en/politics_business/2014/09/24/10-54-33am/finance_minister_russia_will_dump_us_treasuries_swap_brics

 

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Is the FX RESET just a way of creating a single monetary system for our world?

 

And QUESS-WHO now owns most of the Gold (it's not China):

Ken wades in on why the false flags are so dreadfully done.

It's to prepare us for the new masters

http://redefininggod.com/2015/01/throwing-the-game-why-the-globalists-are-exposing-their-own-false-flags-and-the-real-agenda-behind-the-paris-attacks/

 

Throwing the Game: Why the globalists are exposing their own false-flags (and the real agenda behind the Paris attacks)

 

Have you noticed how all the recent false-flag “terrorist” and “lone gunman” attacks seem like they were planned by the Keystone Cops?…

Very interesting, as per usual.

Especially THESE parts:

"...the Establishment has had existing leaders like America’s Obama and France’s Hollande force wildly unpopular policies upon the people, thus preparing the scapegoats for the slaughter. Now can you guess who they’ve been grooming as the “outsiders” who will replace these unpopular figures? In America, it is politicians like Ron Paul, Rand Paul, Ted Cruz, and Elizabeth Warren. And in France, it is the “French Ron Paul“…"

" Bingo! Both she and Paul believe in an international monetary system with some sort of gold backing. And wouldn’t you know it — that’s exactly what the globalists have in store for us: an asset-backed, multilateral global financial system. icon_wink.gif

Also note what Ron Paul’s office said about the meeting

>>> Last month, Paul’s office had defended scheduling the meeting, with the Texas Republican’s spokeswoman, Rachel Mills, writing in an email, “Paul generally meets with foreign politicians and political leaders who request a meeting, particularly when they share his interest in monetary policy and the destructive nature of central banks.” <<<

Bingo! Who else is speaking out about the destructive policies of national central banks? The BIS, that’s who. The globalists plan on shutting down some (if not all) national central banks like the Federal Reserve and replacing them with the (globalist controlled) national treasuries "

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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.



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.


  1. Russia jumped off the Petro-Dollar recycle wagon. Their entire oil trade will not be kept in USDollars. Instead, it will be exchanged immediately into Rubles. Expect some to be converted into RMB for their bilateral trade with China. The Russian action is an integral part of the demise of the Petro-Dollar. They react to US-led boycott.

  1. The Swiss removed the 120 Euro peg to their Franc currency. For over three years their central bank had maintained a hoard of paper mache Euro currencies that accumulated perhaps as much as 800 billion Euros. It became unsustainable. They ran a long USDollar trade with short Gold, which finally will go into reverse. The Langley crew had billions in SWFrancs stuffed in shrink wrapped palettes. They profited handsomely. The Swiss seem to have opened the gates of hell for the Gold market, and might have been slammed with a Gold margin call as leased gold bullion dried up.

  1. The Greeks have prepared to exit the European Union and to default on debt. Their defiant Syriza party won a mandate, a clear leftist majority. Next comes some severe disruption. They might print money to pay off their external debt, which would be an ironic justice. Expect great repercussions within Greece into Europe, at the same time the Russians are passing a gas pipeline as carrot to Greece. With the pipeline will come valuable fees to the Greek nation. They will leave the European Union, with almost certainty. They will soon export food products to Russia, lifting the economy.

  1. The Euro Central Bank announced details on their newest QE tampering.They are to pile on the bond and asset purchases, with a clever attempt to avoid it being corrosive unsterilized by means of cooperative gestures with member nations. Regardless of the details, the Germans are harsh critics of the Draghi procedures. The opposition has shaped up between the EuroCB and the Bundesbank. The Jackass is certain that Germany will leave the EU, leave the common Euro, and eventually leave NATO. The objection to the Draghi QE decision will lead to a major crisis in the European Union.

  1. King Abdullah died and the transition for the royal family begins. He has been replaced by formerly crown prince Salman, who suffers from senile dementia, and will have a terrible time to hold power. The battle for succession has just begun, as rival tribes vie for power, after several decades of being excluded. The events inside Saudi boundaries will increase, turn more violent, and be highly disruptive. Pressure for reform will be fierce and unending.

  1. Merkel has offered a trade union proposal to Russia, which discards the US-led TTIP trade pact. At the Davos Economic Summit, the German Chancellor actually offered a trade pact with Russia which implicitly rejected the US-led TransAtlantic Trade & Investment Partnership. The ironic part is that Merkel has proposed exactly what Russia & China have been developing for two years, known as the Eurasian Trade Zone. Germany is looking for a way out of the European Union.

  1. The German watchdog financial cop BaFin found no improper manipulation in the gold market. They mean from the DeutscheBank perspective. This decision is a setback for the camp that opposes corrupt markets in bond values, currency exchange rates, bank accounting. The backlash could come from numerous flanks, all of which seek justice and fair markets. Market rigging seems never to cease as the climax nears. In Germany, two camps are divided. The politicians are dominated by the banker elite, although loud rumblings come from the ministers levels. The industrial captains manage commerce, and wish to avoid profound economic damage. The US alliance is no longer working toward German benefit. The industrial camp will prevail, but with a huge battle and many unknowns to come

  1. The Swiss have set up a major RMB trading center in Zurich. An interesting competition is certain to unfold as London, Zurich, and Frankfurt compete for Chinese financial flow in RMB terms. Refer to currency exchange, bond issuance, and direct investment (FDI). While London has the tradition and Zurich has the prestige, the Germans have been hand-picked by the Kremlin and Beijing to serve as the cradle and crucible for European linkage to Asia. The industrial ties to Russia and China extend from Germany, along with huge and growing trade and investment.

  1. The details for Gazprom pipeline extension through Turkey have been revealed, by way of the Black Sea, with volume stated in the plans. In a brilliant stroke, Gazprom decided abruptly to cut off Ukraine on the pipeline construction. It will not pass through Eastern Europe, where USGovt bribery, threats, and corrupt business plans were taking place to block plans. Instead, the pipeline will pass through Turkey, with announced hub on the Greek border. It is being dubbed Turk Stream. The construction will take at least 18 months. In the meantime, the European nations will have to struggle to find a way to connect to its gas lines, and to avoid wreckage from their errant destructive US alliance.

  1. The USEconomy had an enormous miss in expected Durable Good orders.The list of job cuts and project cutbacks in the US, Canadian, British, and European Economies was six pages in length for a recent work toward the January Hat Trick Letter. It was refined to a few pages. It is a veritable procession of business failure from failed monetary and economic policy failure. The USEconomy is stuck in a multi-year powerful recession. QE aggravates the economic deterioration. Numerous major name corporations are making utterly huge astonishing job cuts, the most recent being IBM. Big banks and energy related firms dominate in such news.

Events are flowing extremely rapidly, even at a dizzying pace. It is not remotely possibly to anticipate the next critical event, but one can surely expect something every two to three days recently, something of urgent important with extreme consequence.


> https://jhaines6.wordpress.com/2015/01/28/jim-willie-us-dollar-will-not-survive-2015/


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DOLLAR DEATH ?

 

KING DOLLAR PILLAR BREAKDOWN

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. The USDollar will not survive the year. It might not vanish this year, but will surely show its eventual destination in the dustbin of history.
The four legs of the Petro-Dollar might be described as being the banking system, the FOREX currencies, the sovereign bonds, and crude oil.

  1. a) After the Lehman killjob crisis failure, the banking system turned insolvent. Thanks to the FASB accounting rules that were bent, the banks have continued as hollow reed pillars. They have been on the one side been settling law suits and investor claims, while on the other side been kept liquid by means of narco money laundering (confirmed by the United Nations). If one big Western bank enters failure, the entire set of big banks will risk failure simultaneously in direct contagion.
  1. B) The major currencies are in a grand disruption right here right now. The rush into the USD for settling derivatives and as safe haven has rattled the FOREX worse than at any time in recent history, perhaps including the 1995 Asian Meltdown. The emerging market debt involves several $trillion in volume, all of which rose on the balance for the debt burden. Defaults lie directly ahead. The USEconomy will be greatly victimized by the higher USD valuation, with respect to stock and property investments, in addition to export trade.
  2. c) The sovereign bonds are being supported by Quantitative Easing, the highly corrosive monetary policy by the US Federal Reserve. Other central banks had been well coordinated at the Bank of England, the European Central Bank, and the Bank of Japan. If not direct money printing, it is their usage of Dollar Swap Facilities. In the last couple months, evidence has grown that the major central banks are on their own, acting to preserve their economies, and taking action with local motive. The USGovt raided the Japanese $1.2 trillion pension fund. The Swiss ensured that all nations will break the coordinated monetary policy with the USFed.
  1. d) The connection between the USDollar and Crude Oil price has been broken, in ways not described or reported in the press. A vast system of FOREX derivatives are being dissolved that connect to the Crude Oil price, resulting on lost control. The rising USD and falling oil price is evidence of the breakdown. The relationship between the USGovt and the Saudis has deteriorated to alarming levels, despite the photo ops on display to deceive. The Saudis have been working on monthly conferences with the Beijing leaders, in what could be called a lovefest for economic cooperation and financial joining at the oil hip. The Saudis and other Gulf Emirate nations will be working to convert their combined $2.2 trillion in sovereign wealth funds into diversified assets, led by Gold. These Arabs will work to replace their Gold bullion stolen in Swiss banks.

USDOLLAR DEATH FORETOLD

The high exchange rates seen to favor the USDollar does not mean it is strong. The global movement in fast clear trend is the wider usage of Chinese RMB. On at least 20 different bilateral conduits, the Chinese trade is almost exclusively done in RMB terms. The Yuan Swap Facility with numerous nations like Australia and New Zealand, lately Switzerland, Germany, and Canada, and several smaller Asian nations assures steadily higher RMB trade settlement. Even US corporations are fast converting USDollars to RMB which assure their import supply lines. The standard of USD trade settlement is going away.

The USDollar is dying like a rocket, shooting upward.

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CONCLUSION


People had better prepare themselves for some conclusion events, certain to occur with fireworks. The USDollar is soon to go away, put to rest, killed off. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been eerie, mysterious, and full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road. It cannot be stopped, not even by war. The safe haven is not the USDollar, but rather Gold & Silver bars & coins, otherwise defined as money.


The crisis is better described as the Global Monetary War. Any nation wishing to establish trade or a monetary system centered upon gold is branded a rogue nation, subject to extreme propaganda. This is precisely why Russia is being vilified, since they want no more USDollar in trade or banking, and lead a global movement to discard the USD as global reserve currency. The solution is with precious metals as the core to banking, trade, and currency, even wealth preservation. The new 2015 year will be exciting. As the Jackass forecasted, 2014 did indeed end much differently from the way it began. The agents of change are working at hyper-speed now. The USDollar is doomed, and its captains are running for their lives. They are not worth bargaining with in magnanimous cut deals. Better to treat them like fire ants and bothersome fleas and diseased rodents and rabid dogs. The return of Gold to its primacy is long overdue.


http://www.silverdoctors.com/jim-willie-us-dollar-will-not-survive-2015/


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This was actually pretty interesting - and I recommend listening

 

Cobra’s Breakthrough Conference in Taiwan - Cheryl’s Notes - January 24 – 25, 2015

 

https://www.youtube.com/watch?v=SATZSPdiY0Y

 

"Worth and value are only found in physical things."

 

(But the huge amounts of Quadrillions of wealth are clearly wrong. I think he got confused by derivatives... doesn't "get" them.)

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