Posted by seumasach on February 21, 2014
This looks like a good moment to curb CIA activities in Ukraine and Venezuela
20th February, 2014
In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China. China accounts for more global tradethan anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost. As a major exporting nation, China ends up with gigantic piles of our dollars. They lend many of those dollars back to us at ridiculously low interest rates. At this point, China owns more of our national debt than any other country does. But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly. Demand for the U.S. dollar would fall and prices would go up. And interest rates on our debt and everything else in our financial system would go up to crippling levels. So it is absolutely critical to our financial future that China continues to play our game.
Posted in Currency Wars | Tagged: Chinese soft power, dollar collapse | Leave a Comment »
Posted by seumasach on February 18, 2014
The great about quantitative easing is that at the same time as providing an ongoing bailout of Wall Street it releases speculative funds to drive up food prices globally. This enables further US-backed destabilization campaigns, led by “activists” and cheer-led by the Guardian newspaper, directed against the worlds “regimes”. But these dollars are now coming home to roost with the promise of hyper-inflation in the homeland. How will our “regimes” respond?
18th February, 2014
A crowd of anti-government activists wrested free an opposition politician as he was being hauled away in handcuffs by security forces following a raid on the party headquarters of Leopoldo López, President Nicolas Maduro’s biggest foe.
Posted in Currency Wars | Tagged: dollar collapse, End of empire, quantitative easing | Leave a Comment »
Posted by seumasach on February 13, 2014
The Federal Reserve had been purchasing $85 billion in Treasury and mortgage-backed securities per month, but it announced that it would reduce its monthly pace of purchases to $75 billion in January and to $65 billion in February. In her testimony, Yellen reaffirmed that another reduction in the pace of asset purchases is likely to be announced at the next policy meeting in March.
Yellen cannot continue a zero-interest rate policy and continue tapering QE. QE, the systematic devaluation of the dollar, still the world’s reserve currency, has led to rising prices globally and threatens to provoke a global revolt against US finical hegemony. That is why the Fed is tapering and why interest rates will rise at some point in the none too distant future.
US Fed Chair Janet Yellen reassures Wall Street on easy money policy
US Federal Reserve Chair Janet Yellen reassured Wall Street in her first congressional testimony Tuesday that the Fed would continue its zero-interest-rate policies into the indefinite future.
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire, QE3 | Leave a Comment »
Posted by seumasach on November 7, 2013
6th November, 2013
(Beijing) – Canada’s western province of British Columbia said on November 5 it had completed the issuance of one-year offshore yuan-denominated bonds and raised 2.5 billion yuan.
This is the first time a foreign government has issued offshore yuan bonds. Mike de Jong, finance minister of Canada’s westernmost province, said officials had intended to raise only 500 million yuan but the bonds were largely oversubscribed.
Posted in Currency Wars, Multipolar world | Tagged: Chinese soft power, yuan-denominated bonds | Leave a Comment »
Posted by seumasach on October 22, 2013
21st October, 2013
In the very days when a deep split in the US Congress threatened a US government debt default, the gold price should normally jump through the roof, yet the opposite was the case. It is worth a closer look why.
Posted in Currency Wars | Tagged: comex gold, gold manipulation, gold-backed yuan | Leave a Comment »
Posted by seumasach on September 21, 2013
21st Septemebr, 2013
I’ve already been called mad for my assertion over the last nine months or so that Obama is actually engaged in some kind of peace process involving a historic compromise with Russia in working a resolution of the Syria crisis as well as a broader Middle East settlement. I seem to be the only one who doesn’t know that Obama is a bad guy and that bad guys do bad things, like rocketing Syria at the first available opportunity. My detractors assessment of my mental health is about to become a lot worse since I now propose to suggest that Obama is readying to pit himself against Wall Street- yes, that’s right. Obama, the Manchurian Candidate with a chip in his brain. is about to take on the financial oligarchy of whom he is nothing other than a puppet! What could be the basis for such an exorbitant thesis?
Read the rest of this entry »
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, Obama agenda, obama revolution, Obama v. Wall Street, Obama's realist turn | 3 Comments »
Posted by seumasach on July 26, 2013
China’s Yuan Set To Become Global Reserve Currency With Gold Backing?
Recent media reports in China and Russia suggest that China is continuing to consider backing the yuan with gold. Since 2005, we have said that such a move by China was likely as China seeks to become a superpower and lessen and undermine U.S political dominance. We have in the past discussed the possibility of the Chinese pegging their currency to gold bullion.
Posted in Currency Wars | Tagged: new financial architecture | Leave a Comment »
Posted by seumasach on May 1, 2013
Paul Craig Roberts
Institute for Political Economy
16th April, 2013
April 18 Note: At the online retailer Gainesville coins, and everywhere else, the increased premiums above the spot price of gold and silver indicate that the demand for bullion possession, that is, the demand for the metal itself, is greater than the price established in the paper market by manipulation.
Read the rest of this entry »
Posted in Currency Wars | Tagged: comex gold, gold, gold manipulation, gold short-selling | Leave a Comment »
Posted by seumasach on April 28, 2013
A Multi-billion Treasure Trove in Lower Manhattan
26th April, 2013
Germany is repatriating its gold reserves from the New York Federal Reserve. This decision has created a frenzy in the gold market. But that is just the tip of the iceberg.
Posted in Currency Wars | Tagged: german gold reserves, gold | Leave a Comment »
Posted by seumasach on April 17, 2013
Australia’s announcement that it is abandoning the U.S. dollar for trade with China is the latest broadside in the global currency war. Starting April 10, Australia and China will no longer use the U.S. dollar for trade between the two nations. For the first time, Australian businesses will be able to conduct trade in Chinese yuan. No more need for U.S. dollar intermediation.
Posted in Currency Wars | Tagged: China Australian cooperation | Leave a Comment »