Dec 18

Fly in Venus flytrap

- IMF Now Ready To Slam The Door On The U.S. And The Dollar (ALT-MARKET, Dec 17, 2014):

As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of the world will be distracted by the outcome of this crisis (for good or bad) for at least the week, I find I must concern myself with a far more important and dangerous situation.

Up to 40 people may be held by a supposed extremist in Sydney,but the entire world is currently being held hostage economically by international banks. This is the crisis no one in the mainstream is talking about, so alternative analysts must.

As I predicted last month in “We Have Just Witnessed The Last Gasp Of The Global Economy,” severe volatility is now returning to global markets after the pre-game 10 percent drop in equities in October hinted at what was to come. Continue reading »

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Dec 17

Putin-Gold

- Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble? (Sovereign Man, Dec 16, 2014):

Last night, the Russian central bank announced a shock decision to hike up its key interest rate from 10.5% to 17%, effective immediately. Incredible.

On Monday alone the ruble declined more than 9% against the dollar, and almost 50% in 2014. It looks like a massacre.

If you listen to conventional financial news, they’ll all tell you that you’d have to be insane to own anything in Russia right now—stocks, bonds, currency, etc.

They’ll tell you that the ruble is in freefall, and that the dollar is the place to be.

But if you have been a reader of this column for any length of time, you know that I am a very data-driven person.

So… just for kicks, I decided to dive into the numbers and make an objective comparison between the US dollar and the Russian ruble.

The results might surprise you.

Continue reading »

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Nov 11

crash-dollar

- Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada (ZeroHedge, Nov 10,2014):

The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America’s first offshore RMB hub,which CBC reports analysts suggest “could double maybe even triple the level of Canadian trade between Canada and China,” impacting the need for Dollars.But that is not the week’s biggest Petrodollar precariousness news, as The Examiner reports, a new chink in the petrodollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation in the very heart of the petrodollar system. As Simon Black warns, “It’s happening… with increasing speed and frequency.” Continue reading »

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Nov 07

- Ron Paul Says: Watch The Petrodollar (Casey Research, Nov 5, 2014):

“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.”
– Ron Paul

Dr. Paul is referring to the petrodollar system, one of the main pillars that’s been holding up the US dollar’s status as the world’s premier reserve currency since the breakdown of Bretton Woods.

Want to know when the fiat US dollar will collapse? Watch the petrodollar system and the factors affecting it. This is critically important, because once the dollar loses its coveted reserve status, the consequences will be dire for Americans. Continue reading »

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Nov 04

- How The Petrodollar Quietly Died, And Nobody Noticed (ZeroHedge, Nov 3, 2014):

The Petrodollar, long serving as the US leverage to encourage and facilitate USD recycling, and a steady reinvestment in US-denominated assets by the Oil exporting nations, and thus a means to steadily increase the nominal price of all USD-priced assets, just drove itself into irrelevance. A consequence of this year’s dramatic drop in oil prices, the shift is likely to cause global market liquidity to fall.  This decline follows years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling. But no more: “this year the oil producers will effectively import capital amounting to $7.6 billion.

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Oct 30

- Total War over the Petrodollar (Casey Research, Oct 27, 2014):

The conspiracy theories surrounding the death of Total SA’s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France’s largest oil company.

He’d just attended a private meeting with Russian Prime Minister Medvedev, at a time when the West’s relationship with Russia is fraught, to say the least.

One has better odds of being struck by lightning at an airport then a snow plow, or any other ground support vehicles hitting a plane and killing all inside the plane, in my opinion. And I say that as someone who’s familiar with airports, having worked at Vancouver International Airport when I was in university; I was the one who would bring the plane into its parking bay. Continue reading »

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Oct 25

Putin111

- Putin Warns Of Risk Of Major Conflict, Says Dollar Losing Reserve Currency Status (ZeroHedge, Oct 24, 2014):

Having been relatively quiet for a while, Russia’s leader Vladimir, speaking in Sochi (following meetings with Middle East crown princes who confirmed Russia as a key partner – “isolated”?), has unleashed his most aggressive statements with regard the failing world order:

  • *PUTIN SAYS U.S. DOLLAR LOSING TRUST AS RESERVE CURRENCY
  • *PUTIN: WORLD WITHOUT RULES IS POSSIBILITY; ANARCHY GROWING

Adding that the risk of major conflicts involving major countries is growing, as well as the risk of arms control treaties being violated, Putin exclaimed that the US-led unipolar world is like a dictatorship over other countries and that “US leadership brings no good for others,” and calls for a new global consensus.

Having met Crown Prince Al Nahyan of Abu Dhabi in Sochi, who confirmed that Moscow “plays a very important role in the Middle East,” and added that he had no doubts that his country and Russia “are bound by a privileged relationship,” it appears Russia is less “isolated” than the West would have many believe.

As Bloomberg reports: Continue reading »

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Oct 21

- “Anti-Petrodollar” CEO Of French Energy Giant Total Dies In Freak Plane Crash In Moscow (ZeroHedge, Oct 20, 2014):

Three months ago, the CEO of Total, Christophe de Margerie, dared utter the phrase heard around the petrodollar world, “There is no reason to pay for oil in dollars,”  as we noted here. Today, RT reports the dreadful news that he was killed in a business jet crash at Vnukovo Airport in Moscow after the aircraft hit a snow-plough on take-off. The airport issued a statement confirming “a criminal investigation has been opened into the violation of safety regulations,” adding that along with 3 crewmembers on the plane, the snow-plough driver was also killed.

*  *  *

As RT reports, Continue reading »

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Sep 27


Sep 26, 2014

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Sep 23


Jun 10, 2014

See also:


Sep 24, 2013

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Sep 23


Oct 15, 2013

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Sep 17

- Russia Central Bank Responds To Domestic Dollar Shortage, Starts Currency Swaps(ZeroHedge, Sep 16, 2014):

With the Ruble hitting record lows once again today against the USDollar, it appears concerns over USD liquidity are growing in Russia. The Russian central bank has unveiled an FX swap operation, allowing firms to borrow dollars in exchange for Rubles for a duration of 1 day (at a cost of 7%p.a.). Of course, this squeeze on USD funding – driven by Western sanctions – will, instead of isolating Russia, force Russian companies (finding USD transactions prohibitively expensive) into the CNY-axis, thus further strengthening the Yuanification of world trade and the ultimate demise of the USD as reserve currency.

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Sep 09

Flashback:

- Hedge Fund Manager Kyle Bass: Senior Obama Administration Official Said: ‘We’re Just Going To Kill The Dollar’ (Video)


crash-dollar

- Obama’s Former Chief Economist Calls For An End To US Dollar Reserve Status (ZeroHedge, Sep 8, 2014):

Authored by Jared Bernstein, originally posted Op-Ed at The NY Times,

There are few truisms about the world economy, but for decades, one has been the role of the United States dollar as the world’s reserve currency. It’s a core principle of American economic policy. After all, who wouldn’t want their currency to be the one that foreign banks and governments want to hold in reserve?

But new research reveals that what was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles. To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status. Continue reading »

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Sep 09

Physical gold and silver (stored outside the banking system!) will protect your financial assets.

Even more important will be water, food, …, etc.


- On The Brink Of A Major Crisis: “This Will Be A Literal Collapse of the Entire Global Monetary System” (SHFTplan, Sep 6, 2014):

Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.

This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve.

If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary system… A system that is built on lies, fraud and theft.


(Watch at Youtube)

As you might have guessed, when the game is finally up it will wreak havoc across global economies, financial markets and monetary systems. Should that ever happen, those who have failed to exchange their fiat currencies for physical goods of some sort are going to have a rude awakening. Continue reading »

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Aug 14

Putin chess

- Putin Says The Petrodollar Must Die, “The Dollar Monopoly In Energy Trade Is Damaging Russia’s Economy” (ZeroHedge, Aug 14, 2014):

On one hand, despite initial weakness following Europe’s triple-dip red alert, futures declined only to surge higher after some headline or another out of Russia was again spun to suggest imminent Ukraine de-escalation (something which Russia whose only interest is to keep crude prices high, has absolutely zero interest in), perpetuating a rumor which was set off by a Russian media outlet tweet last week that has sent S&P futures over 50 higher in less than a week on… nothing.

On the other, Putin just said the following, which no matter how one spins it, shows precisely how Russia is inclined vis-a-vis future (un-de-counter) escalations.

PUTIN SAYS RUSSIA SHOULD AIM TO SELL OIL AND GAS FOR ROUBLES GLOBALLY, AS DOLLAR MONOPOLY IN ENERGY TRADE IS DAMAGING ECONOMY

Reuters adds:

President Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia’s economy.

“We should act carefully. At the moment we are trying to agree with some countries to trade in national currencies,” Putin said during a visit to the Crimea region, which Moscow annexed from Ukraine earlier this year. Continue reading »

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Aug 12

ron-paul-weekly

- US Sanctions on Russia May Sink the Dollar (Ron Paul Institute, Aug 10, 2014):

The US government’s decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar’s eventual demise as the world’s reserve currency. Continue reading »

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Aug 11

FYI.


Iraq3

- America’s Secret Civil War (Veterans Today, Aug 10, 2014):

A Secret American Civil War is now being waged as Terrorist Proxy-Wars in Syria, the Ukraine and Afghanistan.

 This is a remote civil war with the “Aggressors” being Mind-kontrolled Mercenary Zombies fighting on behalf of the City of London (COL) Rothschild World Zionists (WZs), Israeli’s Leaders, Saudi Arabia and Bush Crime Cabal lackeys still deeply embedded inside the Secret Shadow Government (SSG aka the US Privatized Defense establishment).

And on the other side, best viewed as the “Defenders” which are now counter-attacking in Iraq, is the USG on behalf of the current Administration who have been playing along at times but are now directly bucking the City of London and Israeli WZs and the Bush Crime Cabal (BCC).(1)

The reason the US Administration has ordered an attack on ISIS in Iraq when they did nothing for so long? Because the ISIS made the mistake of attacking Kurdistan which has been a very strong secret Allie of the US Administration. It seems clear that this is a line that even President Obama will not allow ISIS to cross. Continue reading »

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Aug 10

USD-burning

- De-Dollarization Accelerates – China/Russia Complete Currency Swap Agreement (ZeroHedge, Aug 9, 2014):

The last 3 months have seen Russia’s “de-dollarization” plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia’s oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments. ““The agreement will stimulate further development of direct trade in yuan and rubles on the domestic foreign exchange markets of Russia and China,” the Russian regulator said.

As RT reports, Continue reading »

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Aug 09

- This Is How Putin’s Advisor Sees The Ukraine Crisis Playing Out  (ZeroHedge, Aug 8, 2014):

Vladimir Putin’s chief “integration” advisor, Sergei Glazyev, has been regularly featured on these pages in the past (see Putin Advisor Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions and Putin Advisor Proposes “Anti-Dollar Alliance” To Halt US Aggression Abroad for two examples). So now that the Ukraine situation has once again escalated, this time with both sides openly engaged in trade war and many suggesting all-out war just over the horizon, how does Putin’s advisor see the Ukraine conflict playing out?

For the answer we go to Bloomberg: Continue reading »

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Aug 08

- Russia Sanctions Accelerate Risk to Dollar Dominance (Bloomberg, Aug 6, 2014):

U.S. and European Union sanctions against Russia threaten to hasten a move away from the dollar that’s been stirring since the global financial crisis.

One place the shift has become evident is Hong Kong, where dollar selling has led the central bank to buy more than $9.5 billion since July 1 to prevent its currency from rallying as the sanctions stoked speculation of an influx of Russian cash. OAO MegaFon, Russia’s second-largest wireless operator, shifted some cash holdings into the city’s dollar. Trading of the Chinese yuan versus the Russian ruble rose to the highest on July 31 since the end of 2010, according to the Moscow Exchange.

While no one’s suggesting the dollar will lose its status as the main currency of business any time soon, its dominance is ebbing. The greenback’s share of global reserves has already shrunk to under 61 percent from more than 72 percent in 2001. The drumbeat has only gotten louder since the financial crisis in 2008, an event that began in the U.S. when subprime-mortgage loans soured, and the largest emerging-market nations including Russia have vowed to conduct more business in their currencies.

“The crisis created a rethink of the dollar-denominated world that we live in,” said Joseph Quinlan, chief market strategist at Bank of America Corp.’s U.S. Trust, which oversees about $380 billion. “This nasty turn between Russia and the West related to sanctions, that can be an accelerator toward a more multicurrency world.”

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