Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar

Chinese

The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.  Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system.  [Read more…]

Dr PAUL CRAIG ROBERTS WARNING – Putin Says We Are On The Brink Of WW3 – Economic Collapse and Financial Crisis is Rising any Moment

Putin

The prospect of a new war between, say, Iran and Saudi Arabia — U.S and Russia four powers at each other’s throats at this very moment — can never be ruled out, though neither side is believed to have the capacity or inclination to undertake such a risky move. A Saudi decision to constrain production is somewhat more likely sooner or later, given the precipitous decline in government revenues. However, the Saudis have repeatedly affirmed their determination to avoid such a move, as it would largely benefit the very producers — namely shale operators in the U.S. — they seek to eliminate. [Read more…]

Dollar Collapse & WW3 Obama vs Putin New Video

Dollar Collapse

Dollar Collapse & WW3 Obama vs Putin New Video

OBAMA Puts Sanctions On Russia, Putin Promises to DROP THE DOLLAR and CRASH THE US ECONOMY. 

Stock-market crash of 2016: The countdown begins It’s time to start the countdown to the crash of 2016. No, this is not a prediction of a minor correction. Plan on a 50% crash.Most investors don’t want to hear the countdown, will tune out. Basic psychology. They’ll keep charging ahead with a bullish battle cry, about how the Nasdaq will keep climbing relentlessly to a new record above 5,048 … smiling as they remember reading that a whopping 73 companies are now in the Wall Street Journal’s Billion ). Hearts race even faster reading in Bloomberg BusinessWeek that n Yes, technology IPOs are in the lead, and with all that good hear the warnings, countdown to the 2016 crash. [Read more…]

What Will Happen When The Dollar Collapse In 19 Feb 2016

Dollar Collapse

What Will Happen When The Dollar Collapse In 19 Feb 2016

The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.
[Read more…]

Lindsey Williams : Kissinger Plan, Collapse Dollar by Double-Crossing of Arabs in Jan 2016

LINDSEY WILLIAMS

Lindsey Williams : Kissinger Plan, Collapse Dollar by Double-Crossing of Arabs in Jan 2016 

Alex Jones interviewed Lindsey Williams  in 2012 talk about the unrest in the middle east which will stop oil production and the plan by the elites to open up America’s oil fields when the price of oil is driven to at least $200 a barrel. He also covers the collapse of the dollar by the end of 2015 or the begining 2016 (we know it’s going to be sooner), and the deal in the 1970’s that Henry Kissinger made with OPEC to buy T-bills which will become completely worthless when the dollar collapses.  The globalists have been planning this for decades; ponder how the Arab world is going to fit into the globalist mix when nobody wants their oil, their leverage goes out the window, and they aren’t as rich as they used to be? [Read more…]

18 Signs That The Global Economic Crisis Is Accelerating As We Enter The Last Half Of 2014

Accelerating-Public-Domain-300x300A lot of people that I talk to these days want to know “when things are going to start happening”.  Well, there are certainly some perilous times on the horizon, but all you have to do is open up your eyes and look to see the global economic crisis unfolding.  As you will see below, even central bankers are issuing frightening warnings about “dangerous new asset bubbles” and even the World Bank is declaring that “now is the time to prepare” for the next crisis.  Most Americans tend to only care about what is happening in the United States, but the truth is that serious economic trouble is erupting in South America, all across Europe and in Asian powerhouses such as China and Japan.  And the endless conflicts in the Middle East could erupt into a major regional war at just about any time.  We live in a world that is becoming increasingly unstable, and people need to understand that the period of relative stability that we are enjoying right now is extremely vulnerable and will not last long.  The following are 18 signs that the global economic crisis is accelerating as we enter the last half of 2014…

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#1 The Bank for International Settlements has issued a new reportwhich warns that “dangerous new asset bubbles” are forming which could potentially lead to another major financial crisis.  Do the central bankers know something that we don’t, or are they just trying to place the blame on someone else for the giant mess that they have created?

#2 Argentina has missed a $539 million debt payment and is on the verge of its second major debt default in 13 years.

#3 Bulgaria is desperately trying to calm down a massive run on the banks that threatens of spiral out of control.

#4 Last month, household loans in the eurozone declined at the fastest rate ever recorded.  Why are European banks holding on to their money so tightly right now?

#5 The number of unemployed jobseekers in France has just soared to another brand new record high.

#6 Economies all over Europe are either showing no growth or are shrinking.  Just check out what a recent Forbes article had to say about the matter…

Italy’s economy shrank by 0.1% in the first three months of 2014, matching the average of the three previous quarters. After expanding 0.6% in Q2 2013, France recorded zero growth. Portugal shrank 0.7%, following positive numbers in the preceding nine months. While figures weren’t available for Greece and Ireland in Q1, neither country is showing progress. Greek GDP dropped 2.5% in the final three months of last year, and Ireland limped ahead at 0.2%.

Check out this incredible way of becoming food independent on Backyard Liberty, and find out more about off-grid survival on Conquering the Coming Collapse.

#7 A few days ago it was reported that consumer prices in Japan are rising at the fastest pace in 32 years.

#8 Household expenditures in Japan are down 8 percent compared to one year ago.

#9 U.S. companies are drowning in massive amounts of debt, but the corporate debt bubble in China is so bad that the amount of corporate debt in China has actually now surpassed the amount of corporate debt in the United States.

#10 One Chinese auditor is warning that up to 80 billion dollars worth of loans in China are backed by falsified gold transactions.  What will that do to the price of gold and the stability of Chinese financial markets as that mess unwinds?

#11 The unemployment rate in Greece is currently sitting at 26.7 percent and the youth unemployment rate is 56.8 percent.

#12 67.5 percent of the people that are unemployed in Greece have been unemployed for over a year.

#13 The unemployment rate in the eurozone as a whole is 11.8 percent – just a little bit shy of the all-time record of 12.0 percent.

#14 The European Central Bank is so desperate to get money moving through the system that it has actually introduced negative interest rates.

#15 The IMF is projecting that there is a 25 percent chance that the eurozone will slip into deflation by the end of next year.

#16 The World Bank is warning that “now is the time to prepare” for the next crisis.

#17 The economic conflict between the United States and Russia continues to deepen.  This has caused Russia to make a series of movesaway from the U.S. dollar and toward other major currencies.  This will have serious ramifications for the global financial system as time rolls along.

#18 Of course the U.S. economy is struggling right now as well.  It shrank at a 2.9 percent annual rate during the first quarter of 2014, which was much worse than anyone had anticipated.

But if U.S. economic numbers look a bit better for the second quarter, that doesn’t mean that we are out of the woods.

As I have stressed so many times, the long-term trends and the long-term balance sheet numbers are far, far more important than the short-term economic numbers.

For example, if you went to the mall today and spent a thousand dollars on candy and video games, your short-term “economic activity” would spike dramatically.  But your long-term financial health would take a significant turn for the worse.

Well, when we are talking about the health of the U.S. economy or the entire global financial system we need to keep the same kinds of considerations in mind.

As for the United States, whether the level of our debt-fueled short-term economic activity goes up a little bit or down a little bit is not what is truly important.

Rather, the fact that we are nearly 60 trillion dollars in debt as a society is what really matters.

The same thing applies for the globe as a whole.  Right now, the citizens of the planet are more than 223 trillion dollars in debt, and “too big to fail” banks around the world have at least 700 trillion dollars of exposure to derivatives.d608a82840b848b78f8a1b26ec02a8d4

So it doesn’t really matter too much whether the short-term economic numbers go up a little bit or down a little bit right now.  The whole system is an inherently flawed Ponzi scheme that will inevitably collapse under its own weight.

Let us hope that this period of relative stability lasts for a while longer.  It is a good thing to have time to prepare.  But you would have to be absolutely insane to think that the biggest debt bubble in the history of the world is never going to burst.

Other useful resources:

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

 

SOURCE : theeconomiccollapseblog.com

False East/West Paradigm Hides The Rise Of Global Currency

putin obama shakeDespite popular belief, very few things in our world are exactly what they seem. That which is painted as righteous is often evil. That which is painted as kind is often malicious. That which is painted as simple is often complex. That which is painted as complex often ends up being disturbingly two dimensional. Regardless, if a person is willing to look only at the immediate surface of a thing, he will never understand the content of the thing.

This fact is nowhere more evident than in the growing “tensions” between the elites of the West and the elites of the East over the crisis in Ukraine.

I am continually astonished at the refusal of many otherwise intelligent people to consider the evidence or even the possibility that there is, in reality, no fundamental political or philosophical conflict between the power brokers of the East and the West. As I outlined in great detail inRussia Is Dominated By Global Banks, Too, the truth is they are both working toward the same goal; and both ultimately benefit from an engineered and theatrical display of international brinksmanship.

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Russia, like the United States, is utterly beholden to globalist financiers through organizations like the International Monetary Fund and the Bank for International Settlements. Russia’s global economic adviser in matters ranging from investment image to privatization is none other thanGoldman Sachs.

Goldman Sachs has also worked closely with the Ukrainian government since 2011, and it started its advisory work with Ukraine for free. (Whenever Goldman Sachs does something for free, one should take special note.)  Banking elites have been working both sides of the fence during the Russia versus Ukraine charade.

Russia has continued to borrow billions of dollars from Western banks, including Deutsche Bank and Credit Suisse, year after year, proving that they are not averse in the slightest to working closely with “evil Western robber barons”.

Russian President Vladimir Putin meets with Mr. New-World-Order himself, Henry Kissinger, on a regular basis; and according to Putin’s press secretary, they are “old friends.” Putin’s meetings with Kissinger began almost immediately after he first took power in 2000.

Putin’s relationship with Kissinger has been so pronounced that the Russian Foreign Ministry gave Kissinger an honorary doctorate in diplomacy, and Putin placed Kissinger at the head of a bilateral “working group” — along with former KGB head and multilateralist (globalist) Gen. Yevgeny Primakov — dealing with foreign policy.

In more recent news, I would also remind pro-Putin cheerleaders that Putin and the Kremlinfirst pushed for the IMF to take control of the Ukrainian economy, and the IMF is now demandingthat Ukraine fight Russia in exchange for financial support. This might seem like irony to more foolhardy observers; but to those who are aware of the false East/West paradigm, it is all the part of a greater plan for consolidation of power.

Clearly, Putin and Russia are just two more puppet pieces on the globalist chessboard, pitted against other puppets in the West in a grand theater designed to distract and divide the masses through chaos. As Kissinger points out, in crisis there is opportunity.

What is the goal? They’ve already told us, openly, on numerous occasions.

The first great prizes of the New World Order are a global currency and centralized economic control.  The elites are not satisfied with quiet dominance of individual economies.  They want complete political homogenization and the end of all sovereignty.  Period.  With a global currency in place, the steps towards global government become quick and small.

Heads of state from around the world, including Putin, as well as international bankers and IMF representatives have all publicly called for the IMF to take charge of the global economic system through its Special Drawing Rights currency program.

However, for the SDR to become a dominant currency, certain issues must be resolved. Here’s a short list.

The U.S. Dollar Must Fall

The dollar must lose its world reserve status, and most likely collapse in relative value, before the SDR can be elevated. This is where mainstream pundits lose track of the facts. For them, the dollar is an invincible monetary element, a currency product as infinite as time. Their normalcy bias prevents them from ever acknowledging the many weaknesses of the Federal Reserve note, including our country’s inability to ever service its more than $200 trillion debt. Others believe the dollar is the NWO currency, and that the globalists are somehow U.S.-centric. The evidence posted above suggests otherwise. Globalists have no loyalty to any nation or culture. Their only loyalty is to the progression of their own power. If sacrificing the dollar or the U.S. as a whole furthers that power, then they will have no problem cutting us loose like a rotting appendage.

uscrises

A Liquidity Replacement Must Be Introduced

As my regular readers know, I have been covering China’s progression toward a decoupling from the U.S. economy for years. China, in my view, has always been the key to the elitist shift into a truly global currency mechanism. The primary argument in the mainstream against the idea of a dollar collapse is that there is no other currency with ample liquidity to take the dollar’s place. Well, in the past couple of years, this has changed.

China and the banks it controls have issued approximately $25 trillion in debt instruments and monetization. This is often referred to as a “debt bubble” created through panic and a weakness in China’s economy and a response to slowed quantitative easing in the United States.  I would take a slightly different position.  China began issuing Yuan denominated debt instruments in 2005, years before the mainstream had any inkling of the impending derivatives collapse.  From then up to today, there has been no practical purpose for China to produce these Yuan denominated equities and securities, unless their target has always been to expand the Yuan market in a covert way.

I would say that China’s monetization has been carefully and deliberately engineered in order to lay the foundation for a massive liquidity spike in the Yuan. The argument that China’s incredible debt generation is a sign of impending collapse may be misguided. U.S. debt, including unfunded liabilities, absolutely dwarfs China’s $25 trillion. China’s Yuan debt has barely had time to accrue concrete interest.  The U.S., on the other hand, is caught in an endless cycle of interest payments that are slowly but surely eating away the skeleton of our fiscal structure.  If any economy is on the verge of implosion, it is that of the United States, not of China.

The Chinese need exponential Yuan circulation. They do not want the Yuan to replace the dollar; instead, they are preparing it for induction into the IMF’s Special Drawing Rights basket.  With China set to become the world largest economy this year according to World Bank, their inclusion is assured.

But, when might this occur?

The IMF holds an international conference and policy meeting on the SDR every five years. During these meetings, the IMF decides if it will absorb a new currency into the basket and if it will expand the creation or circulation of SDRs around the world. Interestingly, the next IMF conference on the SDR just happens to be scheduled for the end of 2014 to the beginning of 2015.

Another strange coincidence: The U.S. Congress was supposed to vote on legislation for further capital allocations to the IMF by April. The vote never came. The new allocations were to fund an expansion of IMF programs and help with the greater inclusion of BRIC nations in governing decisions. If the U.S. government does not pass this legislation, Russia and other nations have demanded that the IMF move forward without the United States on reforms. At the very least, the U.S. would lose its veto power over IMF decisions. I believe that the timing of this is deliberate, that the U.S. is meant to lose its veto power and that the simultaneous SDR conference will announce the inclusion of the Chinese Yuan, setting the stage for the replacement of the dollar as world reserve.

The SDR will not immediately be issued as a commonly traded currency itself. Rather, the IMF will take over management of included currencies and denominate those currencies using SDR valuations. For example, $1 U.S. is worth only .64 SDR today. In the near future, I expect that the dollar will plummet in relation to the SDR’s value. We will still have our greenbacks when the IMF begins administrating our currency system, but the international and domestic worth of those greenbacks will fall to pennies. In turn, other currencies with stronger economic positions will rise in worth relative to the SDR.

I believe one of the primary determinations in a currency’s value compared to the SDR will be a country’s stockpile of gold. This is why Russia and China in particular have been purchasing precious metals at an unheard-of rate (and why U.S. gold reserves have never been audited). The IMF itself is one of the world’s largest holders of physical gold, with nearly 3,000 metric tons (officially). With the crash of the dollar system and investors clamoring for a reliable hedge to protect whatever savings they have left, gold could conceivably skyrocket into the $5,000 to $10,000 per-ounce range. Governments holding the metal will be favorably placed during an implementation of the SDR as the new reserve standard.

A Cover Event Must Be Created

The centralization of power is best achieved during moments of bewildering calamity. The conjuring of crises is one of the oldest methods of elitist dominance. Not only can they confuse and frighten the masses into malleability, but they can also ride to the public’s rescue as heroes and saviors later on. The Hegelian dialectic is the mainstay of tyrants.

The destruction of the dollar and the institution of a global economic bureaucracy are not actions that can be executed openly by international financiers. These events will coincide with extreme catastrophe, likely worse than the Great Depression era, with millions upon millions of people losing the ability to financially support themselves and their families. Crime, death and public discontent will surely follow. People will be looking for someone to blame. This is where the false East/West paradigm comes in.

It is widely expected that as sanctions snowball between Russia and the U.S. that the dollar will end up on the chopping block.  China has asserted its support for Russia in opposition to NATO interference in Ukraine.  The stage has been set.  I have warned for quite some time that the development of East/West tensions would be used as a cover for a collapse of the dollar system. I have warned that among the American media this collapse would be blamed on an Eastern dump of foreign exchange reserves and treasuries, resulting in a global domino-effect ending U.S. world reserve status. In turn, the international community would be conditioned to see this as the mere bumbling of a spoiled America gone power-mad, rather than the result of a covert program of economic destabilization. This might lead to all-out war or a fiscal firestorm that leaves much of the world crippled and desperate for aid.

In either case, the elitist plan is to use scapegoats and false enemies to draw our attention away from the real culprits: the international banks themselves. Make no mistake: This fight is not about President Barack Obama, it is not about Putin and it is not even about the Federal Reserve. These men are tools, errand boys, public mascots. Do not be fooled by the global stage play being perpetrated. Whatever happens in Ukraine and whatever happens between Russia, China and the West, there are only two real sides to this battle: the elitist establishment, and those who are smart enough to recognize their poison.

EC154

 

 

 

 

SOURCE : www.alt-market.com

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