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Thread: U.S. economy on schedule to crash March 4, 2014

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    United States Avalon Member conk's Avatar
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    They cannot inflate the currency to infinity. It will collapse into a worthless heap of president's pictures. And didn't they intentionally bring about the Great Depression? It's a cycle, repeated every 75 years or so. We may well wind up paying $15 for a gallon of milk, but at some point it will be over...........then started all over again. The rich will gather up the spoils for pennies on the dollar, and revive the fiat monster once again. Over and over since the 1600s. Failure built into the design.
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Another nail is lodged in the coffin of the USD with this move - 'Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?' , adding to that a false flag event and the collapse of the economy is right at our doorstep.


    Quote Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?

    A New Financial System independent from Wall Street & city begins to take shape concretely in Russia?

    Russia “forced” by the sanctions to create a system independent from the Dollar.

    Russia announces that it will sell (and buy) his products and commodities – including oil – in rubles; not anymore in dollars

    Putin has been preparing this move — the creation of a payment system in rubles completely independent and protected from the Dollar and the killer speculations of the big Western financial institutions — for a long time.
    http://www.globalresearch.ca/putin-f...dollar/5375866
    Last edited by Limor Wolf; 30th March 2014 at 20:34.

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    United States Administrator ThePythonicCow's Avatar
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Quote Posted by Limor (here)
    Another nail is lodged in the coffin of the USD with this move - 'Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?' , adding to that a false flag event and the collapse of the economy is right at our doorstep.


    Quote Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?

    A New Financial System independent from Wall Street & city begins to take shape concretely in Russia?

    Russia “forced” by the sanctions to create a system independent from the Dollar.

    Russia announces that it will sell (and buy) his products and commodities – including oil – in rubles; not anymore in dollars

    Putin has been preparing this move — the creation of a payment system in rubles completely independent and protected from the Dollar and the killer speculations of the big Western financial institutions — for a long time.
    http://www.globalresearch.ca/putin-f...dollar/5375866
    This Global Research article was posted on its own thread here, as Putin Flushes the US Dollar.

    For the reasons that I explained here, I changed that thread's title to Sanctioned Russian Bank Rossiya Ends Foreign Currency Operations

    In my view, the title of that Global Research article was an intentionally inflammatory exaggeration.

    Many of the events that this article describes, such as Russia no longer accepting the US Dollar as the world's reserve currency for international contracts and trade settlement, are in process, but are not fait accompli as the article claims.

    What actually happened in the last few days was that the one Russian bank still under US sanctions, the St. Petersburg-based Bank Rossiya, announced last Friday that it is ceasing all foreign currency operations and will be working only with the ruble.
    My quite dormant website: pauljackson.us

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    don't you love when a thread of future destruction, has passed the doomsday date...


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    United States Administrator ThePythonicCow's Avatar
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Quote Posted by Rocky_Shorz (here)
    don't you love when a thread of future destruction, has passed the doomsday date...

    No problemo ... just move the date up: What I see coming for the next few years -- Post #75.
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    well, if there is any truth to Sorcha's latest, it could be in motion...

    Quote In one of its most shocking reports since the beginning of the Ukrainian Crisis, the Ministry of Foreign Affairs (MoFA) is warning today that President Putin has ordered the immediate implementation of “Project Double Eagle,” which when fully realized will cause all global energy supplies to be purchased in gold thus, in effect, ending the US Dollar reign as the global reverse currency and collapsing both the United States and European Union economies.

    “Project Double Eagle,” this report says, calls for The Central Bank of the Russian Federation (CBR) to begin production of 5 Ruble Gold Coins containing .1244 Troy Ounces of .900 Pure Gold, with a diameter of 18mm, emblazoned with a shielded and crowned double eagle, and which will become the worlds alternative to both the US Dollar and Euro in purchasing energy supplies.

    Critical to note, this report continues, “Project Double Eagle” includes the creation of a new “national payment settlement system” which will allow Russia to build a foundation that could very soon offer an alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system and allow nations around the world the chance to move away from the American Dollar and US hegemony.

    The cause behind Putin’s “furious” reaction in ordering “Project Double Eagle” today, this report says, was the “illegal and absurd” blocking of a remittance from the Russian embassy in Astana, Kazakhstan, to Sogaz Insurance Group by the largest US bank, JPMorgan this week through SWIFT and which Foreign Ministry spokesman Aleksandr Lukashevich responded to by stating:

    “If by this the American financial company wanted to 'score points' in the eyes of the White House, it has obviously overplayed. Washington has to understand: any hostile action towards the Russian diplomatic mission not only represents a breach of the international law, but is also fraught with counter measures, which will inevitably affect the work of the US Embassy and consulates-general in Russia.”

    Aside from Putin’s implementation of “Project Double Eagle,” this report notes, he further ordered Sberbank, the largest bank in Russia and all of Eastern Europe, to halt the issuance of consumer loans in foreign currency, a move the highly influential American financial website Zero Hedge warned “[lit] the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome.”

    Important to note about SWIFT, this report says, is that it is the “glue” that holds the global monetary system to the US Dollar and that this “bank of central banks” works as the medium for currency exchanges, and has been the pivot point for global commodity and energy transactions tied to the reserve currency, but which a Russian system based on gold would “destroy in a fortnight.”

    Also to join Russia’s new gold-denominated global banking alternative to SWIFT, this report says, will be other BRICS nations (Brazil, India, China, and South Africa) that have unanimously and, in many ways, forcefully backed Russia’s position on Crimea against both the US and EU.

    With the US now having to pay it oligarchs 26% of its available tax revenues as interest payments, this report continues, and with the European Union now being warned it would cost them $215 billion to stop Russian gas imports, the CBR has been able to raise Russian gold holdings to over 1,040 tonnes showing its strength against Western central banks living on printed money alone.

    To sustain “Project Gold Eagle” against the inevitable US-EU backlash, this report notes, the Ministry of Natural Resources (MNR) is reporting that the Natalka Project has already begun production and is able to supply the CBR with an “endless supply” of gold to further the success of this new global currency for energy supply purchases.

    Note: Russia has the second largest gold reserves in the world at 12,500 tonnes (over 400 million ounces) and the Natalka Project, located in the Magadan region, is considered one of the largest gold deposits in the world and has 32 million ounces of proven and probable reserves and a total resource of 60Moz+ and began production this month.

    Most ominous in this report to mention, however, is its warning that the annexation of Crimea has become a “catch-all justification” for the US to escalate its military presence virtually anywhere even remotely close to Russia, and that NATO forces are planning massive buildups in the Caucus region nations of Armenia and Azerbaijan aimed at splitting Russia too.

    And to the absolute absurdity of US-NATO war propaganda against Russia in order to justify their troop buildups, this report concludes, none need look any further than NBC News, which earlier this week posted an article by their reporter, Jim Maceda, titled Tour of Ukraine-Russian Border Finds No Signs Of Military Buildup, but then turned around and today published one titled No Sign of Russian Troop Withdrawal From Ukraine Border.

    As to how Russia can “withdrawal” troops that aren’t even there NBC News won’t say, but neither does it expect any of its readers/viewers to notice their war-hype hypocrisy either it appears... link


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