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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Aug 05

crash-dollar

- De-Dollarization Continues: Russian Oligarchs Shift Cash To Hong Kong Dollars On Sanctions Concerns (ZeroHedge, Aug 4, 2014):

Last week we noted the very significant activity by the Hong Kong Monetary Authority as it bought USDollars in size to support its peg. It appears we have found at least one smoking gun for why they were forced to do this. In what appears to be another sanctions-blowback, Russian oligarchs are de-dollarizing their cash holdings and shifting to Hong Kong Dollars. As Bloomberg reports, various Russian entities are shifting up to 40% of their cash to HKD. “Keeping money in Hong Kong dollars is essentially equivalent to keeping it in U.S. dollars because of the currency peg,” notes BofA’s Vladimir Osakovskiy, adding “for Russian companies it’s still much safer from the standpoint of sanctions.” Continue reading »

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Jul 23

- Turkish PM Cuts Ties With US, Mulls De-Dollarization With Russia (ZeroHedge, July 22, 2014):

As Turkey’s graft probe continues (which the Prime Minister believes is a conspiracy – fact or not – created by The West), AP reports that Recep Tayyip Erdogan has said he no longer holds “direct” telephone conversations with U.S. President Barack Obama, suggesting a rift between the leaders who were once close. What is perhaps even more concerning is Turkey’s recent de-dollarization discussions with Russia to move to settlement in local currencies. It appears ‘allies’ are falling by the way-side quicker than many thought…

Turkey shuns Obama… (via AP)

Turkish Prime Minister Recep Tayyip Erdogan has said he no longer holds “direct” telephone conversations with U.S. President Barack Obama, suggesting a rift between the leaders who were once close.

In an interview with Turkey’s ATV television late Monday, Erdogan said that “in the past, I used to call him directly. Because I was not able to get direct results on Syria, now our foreign ministers talk to each other.”

Continue reading »

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Jul 17

In my opinion gold in (extended or permanent) backwardation is signalling a total loss of confidence in the $US Dollar and is a clear sign that the dollar endgame is here.

The Great Depression will soon look like a walk in the park.


Dollar-Endgame

- When You See This Happen, You Know It’s Game Over For The Dollar (ZeroHedge, July 16, 2014):

Exactly 70 years ago to the day, hundreds of delegates from 44 nations were busy at work in Bretton Woods, New Hampshire creating a brand new financial system.

World War II had just ended. Europe was in ruin.

And since the US was simultaneously the largest economy in the world, the primary victor in the war, and the only major power with its productive capacity intact, it was easy to dictate terms: the dollar would dominate the new system.

Every nation would hold dollars as the primary reserve currency, and the dollar would be redeemable for gold at $35/ounce. Continue reading »

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Jul 17

Here is what happened to Mexico:

Hedge Fund Manager Kyle Bass Explains The New World Order (Panel Presentation):

Don’t believe these governments when they tell you everything is going to fine. The day before Mexico devalued by 60% they denied that they would ever devalue. They can and will never tell you the truth. Find your own numbers.

Here is what happened to Belarus:

- Belarus Devalues Its Currency By 56% Overnight, Against Every Currency Out There:

Luckily for those who held their “money” in the form of gold and silver, they just got an instantaneous 56% value preservation and a relative boost in their purchasing power with just one central bank announcement.

Prepare for collapse.


us-dollar-black-hole

- A Shocking First: Mainstream Media Rushes To Defend Dollar Reserve Status (ZeroHedge, July 16, 2014):

One can’t help but wonder just how concerned the powers that be are becoming when such an esteemed mainstream media outlet as Bloomberg News would deem fit to defend the almighty US Dollar. “There are always people who say the dollar is going to be replaced, but it hasn’t happened,” chides one strategist (clearly forgetting that nothing lasts forever). As growing concerns of “exorbitant privilege” spread from the usual anti-imperialist foes (Russia and China’s de-dollarization) to close allies like France and now to the world’s growth engine – BRICS, it seems defending what was previously unquestionable itself should be grounds for alarm…

As Bloomberg reports,

The dollar hasn’t budged from its top spot for the past three decades, withstanding repeated efforts to unseat it. Almost 90 percent of the $5.3 trillion a day in foreign-exchange transactions last year involved the dollar, the same share as in 1989, data from the Bank for International Settlements show. More than 80 percent of trade finance was done in dollars in 2013, according to Swift, a global financial-messaging network. Continue reading »

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Jul 14

Hmmh.

Alex Jones now – like Obama – using the latest state of  the art MASS HYPNOSIS techniques of Dr. Milton Erickson, M.D. ?

Start listening from 12:50 into the video …

“Now is the time to …”

- PDF: Obama’s_Use_of_Hidden_Hypnosis_techniques_in_His_Speeches:

Elementary pacing examples from Obama include, “now is the time”, and “as I stand here before you.”

These statements are undeniably true in the simplest terms and commonly used parts of his pacing techniques, because of course now is the time, and if he is there speaking, of course he is standing before us.

These are things the hypnotist says that are verifiably true, and used to lower our critical factor defenses to allow implantation of subconscious messages.



Added: Jul 12, 2014

Related info:

- 70% Devaluation Of The US Dollar Coming – We Are Headed For A Crisis Of Biblical Proportions – IMF Christine Lagarde’s Warning! (Video)

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Jul 08

- France lashes out against US dollar, calls for ‘rebalancing’ of world currencies (RT, July 7, 2014):

The French government wants to break the monopoly the dollar has on international transactions after the country’s largest bank, BNP Paribas, was slapped with a record $9 billion fine and a 1-year dollar trading ban.

Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realize the necessity of using a variety of currencies” the Financial Times reports.

“We [Europeans] are selling to ourselves in dollars, for instance when we sell planes. Is that necessary? I don’t think so. I think a rebalancing is possible and necessary, not just regarding the euro, but also for the big currencies of the emerging countries, which account for more and more of global trade,” the finance minister told the FT at a conference over the weekend. Continue reading »

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Jul 07

H/t reader M.G.:

“You need to read to the last sentence to get what I have been saying for months. Less than half the world international transactions are now completed in US dollars……..”


US economist Joseph Stiglitz
US economist Joseph Stiglitz

- Stiglitz: I’m ‘very uncomfortable’ with current stock levels (CNBC, July 7, 2014):

Nobel Prize-winning economist Joseph Stiglitz said on Monday he is “very uncomfortable” with current stock market levels, arguing they do not equal a strong economic recovery in the United States.

The Dow breached 17,000 points on Thursday before the U.S. markets closed for the long July Fourth weekend. The jump came after the U.S. government reported the economy created a better-than-expected 288,000 jobs in June and the unemployment rate fell to 6.1 percent.

“The reason the stock market is high, in part, is that interest rates are low, wages are low and the emerging markets are still growing much faster than the U.S. economy, let alone Europe,” Stiglitz said. He pointed to the fact that many U.S.-listed multinationals are increasingly getting a large chunk of their profits from emerging markets. Continue reading »

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Jul 07

H/t reader M.G.:

“How they are white washing rate hikes”

“Suddenly, higher interest rates are a good thing. Rubbish about hiring, the way they twist the numbers is criminal………..
This is what I have been worried about, greedy bankers are going after the higher level of the remaining middle class. These are the folks sitting on multiple properties which they owe more on than they are currently worth……still waiting for that so-called recovery that just isn’t happening.
The FED is a privately held bank, and they serve the greedy, not the nation. They are now digging in their tentacles more deeply. The US has no control of the FED. The worst thing, as my friend who has infinite unknown has said again and again, is the creation of such a monster.

From the article:

“Continued labor market improvements alongside a pickup in second-half growth …”

And yes, you really can’t make this stuff up!

- RECOVERY: June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993

- RECOVERY: People Not In Labor Force Rise To New Record, Participation Rate Remains At 35 Year Lows

- US Unemployment Rate Hits 37.2%

- RECOVERY: The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

- Another Million People Drop Out Of Labor Force – Now An All Time High 92 Million People Are Out Of The Labor Force

- Wall Street Adviser: Actual Unemployment Is 37.2%, ‘Misery Index’ Worst In 40 Years

Flashback:

- Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)

And as I’ve said before …

‘Recovery’ is the ‘Greatest Depression’

The U.S. will simply not be able to pay for higher interest rates on its debt (and the Fed will sooner or later go back into high gear quantitative easing mode).

Prepare for collapse … and chaos!


dollar-notes

- Why things could be about to change for the dollar (CNBC, July 7, 2014):

After a weekend of celebrating America’s birthday, traders could come back to the desks Monday and buy its currency, with the stage set for a U.S. dollar breakout in the second half of the year.

Strategists and traders have been predicting it for months: 2014 was supposed to be the year of the dollar, where the Federal Reserve’s tapering of quantitative easing and an improving economy would boost the greenback’s value against other currencies, where central banks are easing or dealing with economic or geopolitical challenges.

But they’ve been wrong. Continue reading »

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Jul 06

crash-dollar

- CEO Of One Of The World’s Largest Energy Majors “Sees No Reason For Petrodollar” (ZeroHedge, July 5, 2014):

The USA is fast running out of friends to support its ‘exorbitant privelege’. Having alienated the Germans over NSA-eavesdropping, ‘boomerang’d the Russians into de-dollarization, tariffed and quantitatively eased China into diversification, and finally ‘punished’ France into discussing the dollar’s demise; it appears no lessor person than the CEO of Total (the world’s 13th biggest oil producer and Europe’s 2nd largest), believes “There is no reason to pay for oil in dollars.” Clearly, based on Christophe de Margerie’s comments, that we have passed peak Petrodollar. Continue reading »

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Jul 04

- By “Punishing” France, The US Just Accelerated The Demise Of The Dollar (ZeroHedge, July 4, 2014):

Not even we anticipated this particular “unintended consequence” as a result of the US multi-billion dollar fine on BNP (which France took very much to heart). Moments ago, in a lengthy interview given to French magazine Investir, none other than the governor of the French National Bank Christian Noyer and member of the ECB’s governing board, said this stunner at the very end, via Bloomberg:

  • NOYER: BNP CASE WILL ENCOURAGE ‘DIVERSIFICATION’ FROM DOLLAR

Here is the full google translated segment:

Q. Doesn’t the role of the dollar as an international currency create systemic risk?

Noyer: Beyond [the BNP] case, increased legal risks from the application of U.S. rules to all dollar transactions around the world will encourage a diversification from the dollar. BNP Paribas was the occasion for many observers to remember that there has been a number of sanctions and that there would certainly be others in the future. A movement to diversify the currencies used in international trade is inevitable. Trade between Europe and China does not need to use the dollar and may be read and fully paid in euros or renminbi. Walking towards a multipolar world is the natural monetary policy, since there are several major economic and monetary powerful ensembles. China has decided to develop the renminbi as a settlement currency. The Bank of France was behind the popular ECB-PBOC swap and we have just concluded a memorandum on the creation of a system of offshore renminbi clearing in Paris. We have very strong cooperation with the PBOC in this field. But these changes take time. We must not forget that it took decades after the United States became the world’s largest economy for the dollar to replace the British pound as the first international currency. But the phenomenon of U.S. rules expanding to all USD-denominated transactions around the world can have an accelerating effect.

In other words, the head of the French central bank, and ECB member, Christian Noyer, just issued a direct threat to the world’s reserve currency (for now), the US Dollar. Continue reading »

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Jul 03

We’ve been here before:

Flashback:

- Roosevelt Gold Confiscation In 1933: ‘No American Could Visit A Safe Deposit Box For Some Time Without A Government Agent Accompanying Him’

- What Gold Nationalization Really Means

- On This Day In 1933:

By January 1934, Roosevelt increased the dollar price of gold from $20.67 to $35, thus devaluing the dollar by 70 percentwhile increasing the value of gold that the government now owned.

Governments Worldwide Are Implementing Orwellian Gold Confiscation Today. You Just Haven’t Realized it Yet.

- What 40 Years Of Gold Confiscation By The US Government Looks Like

Only this time it will be much easier since the US dollar is backed by NOTHING.



Published on Jul 1, 2014

- Official 2014 IMF Forecast Based on ‘Magic Number Seven’-Steve Quayle (USAWatchdog, July 2, 2014):

Radio talk show veteran and 10 time published author, Steve Quayle, says dark powers are at work in the financial markets at the highest levels of global government.  Quayle contends, “First of all, the illuminati and the occult are one in the same with hidden meanings to the general population, but announcements to people on the inside.”  At the beginning of 2014, the head of the International Monetary Fund (IMF), Christine Lagarde, gave a primer on numerology to an audience at the National Press Club in Washington, D.C.  She did it as a set up to an official IMF forecast for “what we should expect for 2014.”   Why is this important now?  The IMF forecast was based on what Lagarde called the “magic 7,” and July is the seventh month of the year.  Lagarde is overtly using numerology to forecast big changes this year and this month.  For example, Lagarde pointed out that 2014 will “mark the 7th anniversary of the financial market jitters” that started in 2007.  If you individually add up the numbers of the year 2014 (2+0+1+4=7), you get the number 7.  Lagarde also said that 2014 “will mark the 70th anniversary, 70th anniversary, drop the zero, seven, of the Bretton Woods Conference that actually gave birth to the IMF” (7 + 0 = 7).  Lagarde also said, “And it will be the 25th anniversary of the fall of the Berlin Wall, 25th” (2 + 5 = 7).  Lagarde also brings up the G-20 out of nowhere.  Is that a reference to a date?  (G is the 7the letter of the alphabet and this might be a reference to 7/20/2014.)   Quayle explains, “People have to understand the number 7 to realize why this is critical.  The number 7 is used 287 times; it’s used in the Old and New Testament.  What is critical about this is these people rule their lives by the stars and numerology.  Never in anything have I monitored in my 25 years being on talk radio that I have witnessed such a blatant presentation of the number 7.  When she says it’s ‘quite a number,’ yes, it’s God’s number, but these people worship their god and their god is Lucifer.” Continue reading »

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Jun 27

us-dollar-black-hole

Wow. Mainstream press: “The US’s dollar domination is coming to an end”  (Sovereign Man, June 18, 2014):

“Whoever is winning at the moment will always seem to be invincible.”

– George Orwell

Wise words indeed as they aptly describe misguided confidence in the US dollar.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), which helps manage the global banking system, tells us that US dollar settlement accounts for the vast majority of global trade.

And as Orwell suggests, many people take it for granted that just because the dollar is in the lead today, it will be that way forever.

They couldn’t be more wrong. There’s been a dominant reserve currency for thousands of years. Continue reading »

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Jun 26

- Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan Or Rubles (ZeroHedge, June 26, 2014):

A little over a month ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a US Dollar reserve currency, neither is yet able to provide an alternative. This changed rather dramatically overnight when in a little noticed statement, Gazprom’s CFO Andrey Kruglov uttered the magic words (via Bloomberg):

  • GAZPROM READY TO SETTLE CHINA CONTRACTS IN YUAN OR RUBLES: CFO

In other words just as the US may or may not be preparing to export crude – a step which would weaken the dollar’s reserve status as traditional US oil trading partners will need to find other import customers who pay in non-USD currencies – the world’s two other superpowers are preparing to respond. And once the bilateral trade in Rubles or Renminbi is established, the rest of the energy world will piggyback. Continue reading »

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Jun 25


Added: June 23, 2014

If the above video does not play watch it here: YouTube

Description:

The lies bankers have disseminated to the four corners of the earth regarding inflation rates and stock markets prevent people from making informed decisions about converting fiat currency into physical gold and silver. Don’t get left behind when gold and silver soar and fiat currencies collapse as the Central Bank currency wars enter their final stage. Continue reading »

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Jun 20

crash-dollar

Related info:

- IMF States Headquarters May Be In China In The Future – China In UK Securing Trade Deals Right Now – UPDATE: Yuan Trade deal reached with UK, No U.S. Dollars


“De-Dollarization” Continues – China Starts Direct Trade With UK (ZeroHedge, June 19, 2014):

Following the initial de-dollarization meeting, there has been a slew of anti-dollar moves around the world (including Gazprom’s shift of 90% of its clients to non-dollar payments). However, on the heels of the “anti-dollar alliance” discussions yesterday, DW reports that China would start direct trade between the renminbi and the British pound on Thursday. China’s Foreign Exchange Trade System (CFETS) confirmed Sterling and yuan would be directly swapped without using the US dollar as an intermediary.

Via DW,

China’s Foreign Exchange Trade System (CFETS) said Wednesday the Asian nation would start direct trade between the renminbi and the British pound on Thursday.

Sterling and yuan would be directly swapped without using the US dollar as an intermediary, the trade platform noted.

Continue reading »

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Jun 19

- IMF states headquarters may be in China in future . China in UK securing Trade Deals right now UPDATE Yuan Trade deal reached with UK, No U.S. Dollars (Sherry Questioning All, June 17, 2014):

The U.S. is grasping at their waning control of the IMF, which is frustrating Christine Lagarde and other countries.

Lagarde said the IMF needs to make reforms but the U.S. has been blocking them.  The IMF is suppose to be headquartered in the largest economy and that is going to be China in the future.  Lagarde said the U.S. is blocking China, India and Brazil who are coming up strong from having a voice in the IMF.

The International Monetary Fund’s headquarters may one day move from Washington to Beijing, aligning with China’s growing influence in the world economy, the fund’s managing director Christine   Lagarde said early this month. Continue reading »

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Jun 14


Added: Aug 27, 2013

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Jun 11

Vladimir-Putin

- Russia Is Doing It – Russia Is Actually Abandoning The Dollar (Economic Collapse, June 10, 2014):

The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarization strategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros.  And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom.  There hasn’t been a word about this from the big mainstream news networks in the United States, but this is huge.  When you are talking about Gazprom, you are talking about a company that is absolutely massive.  It is one of the largest companies in the entire world and it makes up 8 percent of Russian GDP all by itself.  It holds 18 percent of the natural gas reserves of the entire planet, and it is also a very large oil producer.  So for Gazprom to make a move like this is extremely significant. Continue reading »

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Jun 09

putin smile_0

- “This Is A Trend”: Increasingly More Russian Companies Set To Drop Dollar, Switch To Chinese Yuan (ZeroHedge, June 9, 2014):

As we have been reporting (and forecasting for the past several years), the Eurasian anti-US Dollar axis is rapidly taking shape, with recent events catalyzed and certainly accelerated by US foreign policy in Ukraine, which has merely succeeded in pushing Russia that much closer, and faster, to China. The latest proof of this came overnight when the FT reported that Russian companies are preparing to switch contracts to renminbi and other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market, according to two top bankers.

According to Pavel Teplukhin, head of Deutsche Bank in Russia, cited by the Financial Times, “Over the last few weeks there has been a significant interest in the market from large Russian corporations to start using various products in renminbi and other Asian currencies and to set up accounts in Asian locations.”

Continue reading »

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Jun 07

- US Military Move Response to China Dollar Dumping – PressTV (Veterans Today, June 5, 2014):

An analyst says Washington’s most recent act of military provocation against China is in retaliation for Beijing’s decision to trade in its own currency and undermine the US dollar, Press TV reports.

Jim W. Dean made the remarks when talking to Press TV on Saturday about the US deployment of two of its most advanced long-distance surveillance drones to a base in northern Japan to spy on North Korea and China.

“The big issue behind all of this is China setting up its own reserve currency with Russia, which is a threat to the [US] dollar supremacy,” he said. Continue reading »

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Jun 07

crash-dollar

90% Of Gazprom Clients Have “De-Dollarized”, Will Transact In Euro & Renminbi (ZeroHedge, June 7, 2014):

Following Obama and Putin’s “caught on tape” meeting Vine’d by the French President, we can’t help but wonder if the Russian leaders comments were something akin to “this is not over yet.” With “De-Dollarization” efforts already broadly under discussion, ITAR-TASS reports that Gazprom had signed additional agreements for clients to switch from dollars to euros and renminbi, “nine of ten consumer had agreed to switch.”

Via ITAR-TASS, Continue reading »

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