View Full Version : U.S. economy on schedule to crash March 4, 2014
ThePythonicCow
4th February 2014, 18:42
The key thing to notice in this article is that it was published in a main stream US newspaper over a year ago, and that it calls out a specific date about when the world economic crash will become evident.
On October 25, 2012, Grady Means, a former assistant to Vice President Nelson Rockefeller (of the infamous Rockefeller family), authored the following article in the Washington Post.
Means anticipates that the world economic crash will be long and ugly, affecting most nations. The US will no longer be able to afford to import much. China will lose their biggest customer. Russia will have fewer customers for their gas and oil. And down the line it goes ... the backbone of the world economy since World War II, the US Dollar, will no longer hold its value.
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Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.
The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.
Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.
Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.
The problem is not Medicare, which won’t quit on us for another six or seven years. Nor is it Social Security, which will not be fully bankrupt for another 15 years or so. The crisis is much more immediate and much more serious.
The central problem is that America is the bank of the world. What this means, simply, is that the dollar is the world’s currency (often termed the “reserve currency”).
Throughout the world, nearly all traded goods, oil, major commodities, real estate, etc., are denominated in dollars.
The world needs dollars, and the U.S. provides them and provides confidence that the dollar is the “safest” currency in the world. Countries get dollars by trading with us on attractive terms, which enables Americans to live very well.
Countries support this system and cover their risk by investing in dollars through T-bill auctions and other mechanisms, which enables us to run budget deficits — up to a point.
The central issue is confidence in America, and the world is losing confidence quickly.
At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments.
Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.
At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.
The rest of the world will fully crash along with us. Europe will continue to decline, and the euro will not replace the dollar. Russia will see a collapse in oil prices as market demand softens, and Russia will collapse along with it.
China will find nowhere to export and also will collapse. The Russian and Chinese governments, which see all this coming and have been stockpiling gold to hedge against such a dollar collapse, will find that you cannot eat gold.
There will be uprisings — think of the streets in Spain and Greece today — everywhere. Technological advances that traditionally drive productivity increases and economic growth will not be able to keep up with this collapse.
When might this all happen? Paul Volker indicates we might face a mess like this in the next year and a half.
David Walker, former U.S. comptroller, i.e., the former chief accountant of the U.S. government, has suggested similar time frames for economic catastrophe.
Most agree that the budget sequestration approach won’t work from either economic or political perspectives, and mindless across-the-board cuts in spending will only exacerbate a mess.
The Federal Reserve’s third round of quantitative easing, in which we print money to buy our own bonds in order to goose economic and employment numbers, means we are floating our own debt, a good formula for sudden hyperinflation.
The next president will have about six months to fix this problem before it is too late. He must be fully prepared, able and willing to work with Congress and move quickly and decisively.
During the election, the most important question to ask is, who understands all this and is prepared to prevent it? Everything else is noise.
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When Grady Means speaks of the "next president", keep in mind that he wrote this before the Obama was re-elected in the November 2012 US Presidential elections, so he did not know whether Barrack Obama or Mitt Romney would win the election (or if he did know, he wasn't saying.)
The original article can be found on-line at U.S. economy on schedule to crash March 4, 2014 (http://www.washingtontimes.com/news/2012/oct/25/us-economy-on-schedule-to-crash-march-2014/?page=all).
gripreaper
4th February 2014, 19:23
Well, considering that all dollars which enter global commerce are created out of thin air by the Federal Reserve, which then enter commerce as “credit”, have a maturity date (usually 30 years) attached to them, with interest usury (actually called taxes) as they move through commerce, is it really any wonder that such a fiat debt system will collapse?
In order to service these instruments the taxes need to be paid as they move through commerce and deteriorate for their eventual return to source at maturity, so this revolving door of exponential debt can NEVER be paid and cannot survive unless debt increases exponentially.
With these fiat debt instruments acting as the global reserve currency, allegedly tied to a commodity which is consumptive (petrodollar), there is no basis for asset value or any connection to actual life giving tangibles. The only index which the dollar is truly tied to as a metric, is the energy of all sentient beings. The bottom line, all energy is pledged to be consumed and vampired by a handful of select elite who set up the Babylonian bankster system.
So, once we realize there is no real debt and that the fiat ponzi scheme cannot be sustained and must collapse, what is it that we are going to accept as a new system? Will we beg for the same psychopaths to give us a global digital system where we are fully indentured slaves with no lateral freedom at all? Will we continue to accept the notion that this debt exists and must be paid, or will we default and demand a global jubilee? Will we demand an asset based currency circulating without interest?
These are the questions. If we give the elite psychopaths complete unilateral control of the global digital system and just transfer the debt into this centralized digital system, then nothing changes. If we default, demand a jubilee, create an asset backed system WITHOUT interest attached to it, then we have a chance at change.
If we don’t wake up our fellow man to this fact, we will get the system they have prepared for us and the one we don’t want.
Nanoo Nanoo
4th February 2014, 19:30
i think this may have something to do with Linsay Williams report on the currentcy reset.
http://www.youtube.com/watch?v=HTCTizWwBSc
giovonni
4th February 2014, 19:45
Confused a bit here ... the US Federal Reserve economy system has been dead for quite a while ...
Perhaps this so called date is when its life support apparatus will be shut off ... :rolleyes:
Nanoo Nanoo
4th February 2014, 19:51
With the timing of this article and what Lindsay states the IMF have been planning this for about 2 years now and have 204 countries on board.
It might mean they have all their chess pieces in place and its time to wreak havock !
i cannot wait ! it will be glorious : 0 ) its not all bad news , its a time where you can make a ton of money if you put it in the right place.
Currently the SLV is at a 60:1 ratio in its spot .. thats rediculous as it should be 15:1
once a currency reset hits the SLV ratio will go to about 20:1 and that means the 19 dollar ounce will rocket to 150 in about 30 to 90 days after the reset.
You can also hedge on currencies that are below your local value.. once they are normalised you make a ton over night.
even if you only have 100 bucks you can turn it into 500 if this reset happens..
the ones who stayed in paper currency will suffer.. tangibles , SLV and hedging .. thats my tip
N
Rocky_Shorz
4th February 2014, 20:19
Here is Sorcha's take...
A grim report circulating in the Kremlin today prepared the by the Main Intelligence Directorate (GRU) of the Ministry of Defense is warning that the assassinations this past week of three top Western bankers coincide with Snowden Documents detailing a 15 February 2014 “catastrophe” being engineered by the Obama regime in order to establish some type of “new world economic order” prior to the coming global meltdown of markets and massive bank failures, some of which have already begun.
Edward Snowden is a computer specialist and former Central Intelligence Agency (CIA) agent who with his yet unidentified US military backers obtained nearly two million highly classified top-secret documents from the United States Department of Defense (DOD) run National Security Agency-Central Security Service (NSA/CSS) and was granted temporary asylum in Russia in 2013 after his designation by the Obama regime as the “most wanted man on earth.”
The three Western bankers targeted for elimination by Obama regime “black team hit squads,” this report says, were Deutsche Bank executive Bill Broeksmit, 58, found dead at his home in Chelsea, south west London, on 26 January, JPMorgan Chase & Company vice president in technology operations Gabriel Magee, 39, who died after falling from his London headquarters on 28 January, and chief economist at Russell Investments, and former US Federal Reserve economist, Mike Dueker, 50, found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington State on 31 January.
The “common link” between these bankers, this GRU report continues, began this past year after two JP Morgan whistleblowers confessed that their bank manipulates the gold and silver markets, which led to this past weeks stunning announcement that Europe's largest bank, Deutsche Bank, would withdraw from the appropriately named gold and silver price “fixing”, as European regulators investigate the manipulation of precious metals prices by Western banks.
Deutsche Bank executive Broeksmit, called among the “finest minds” in his field, and Russell Investments Dueker, ranked among the top 5 percent of economists by number of works published, this report says, were at the forefront of the European investigation into JPMorgan gold and silver price manipulation and had as their “inside man” JPMorgan tech guru Magee who oversaw his banks computer systems built for this crime.
Critical to note, GRU economic analysts say in this report, is that if the price of gold and silver were to achieve their “honest” level, JPMorgan would collapse as it does not have the reserves needed to equal the “paper” gold it has already sold, and a JPMorgan collapse would then, in turn, implode the entire global economic system.
Even worse, this report continues, JPMorgan crimes have now reached into the motherland itself after the Russian Central Bank (RCB) yesterday was forced to shut down Moscow-based lenders My Bank and Priroda Bank after they were unable to retrieve their foreign deposits from the British multinational banking and financial services company HSBC due to their imposing restrictions on large cash withdrawals on 24 January.
As the United States just reported its worst January stock market in 24 years, this report continues, the Obama regimes “master plan” of purposefully creating global financial chaos in order to destabilize enemy countries and create a flight into the US dollar is now failing and has led to the highly influential trends forecaster Gerald Celente to warn people this week that they need to “brace themselves for a disastrous global collapse and riots that will engulf the entire world.”
Not just Celente is issuing warnings either, this report says, but so has too the famous US economist and former Harvard economics professor Terry Burnham who during an interview this past week on PBS NewsHour stated that he was removing his $1 million of life savings from Bank of America because American banks are no longer safe.
This GRU further notes that despite the 6.5% US stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.
Most ominous to note in this GRU report are Russian intelligence analysts noting that Snowden’s documents refer to a 15 February “catastrophe” due to occur based upon the US nearing a Black Eagle Trust Fund type “event horizon.”
Though virtually unknown to the American, within two hours of the 11 September 2001 attacks, the US Securities and Exchange Commission (SEC) declared a national emergency, and for the first time in US history, invoked its emergency powers under Securities Exchange Act Section 12(k) easing regulatory restrictions for clearing and settling security trades for the next 15 days.
These changes would allow an estimated $240 billion in covert US government securities to be cleared upon maturity without the standard regulatory controls around identification of ownership due to the quickly unfolding Black Eagle Trust Fund plot that would have most certainly destroyed the entire global economic system.
Even more ominous, and, again, virtually unknown to the American people, is that the war the US has been waging for over a decade was, in fact, declared on 10 September 2001 when then Defense Secretary Donald Rumsfeld, testifying before the US Congress [watch video HERE], stated that he had declared war on the Pentagon itself over his discovery of over $2.3 trillion missing from their accounts and warning it was a “matter of life and death.”
To if the Obama regime would resort to a 9/11 type false flag attack once again to protect the Western banking system, this report gravely warns, cannot be ruled out as evidence has long proven what German central bank president Ernst Welteke called “terrorism insider trading” relating to this horrific event.
Specifically, the Chicago Board Options Exchange reported to the SEC that four days before the attack an extremely unbalanced number of trades betting United’s stock price would fall were being placed, followed one day before the attack by the US stock options market authorities reporting to the SEC that an equally extraordinary number of trades were betting that American Airlines stock price would fall too. As to who made these trades, and made tens-of-millions of dollars from them, the world will never know as the Obama regimes SEC admitted in 2010 that they had destroyed all the documents relating to them.
This GRU report further notes that with the New York City headquarters of the SEC destroyed on 9/11 after the mysterious implosion of World Trade Center Building 7, and the equally devastating cruise missile attack on the Pentagon that destroyed its computing accounting system burying forever the information on where the missing $2.3 trillion went, this new “catastrophic event” being planned by the Obama regime within a fortnight of 15 February can be expected to be as worse, and will, most assuredly, “shake the entire world.”
link (http://www.whatdoesitmean.com/index1735.htm)
LivioRazlo
4th February 2014, 20:22
You can also hedge on currencies that are below your local value...once they are normalized you make a ton over night.
Could you explain this a bit further to enlighten me? I'm not familiar with what you're discussing, but I am coming into a rather large sum of money and if I can make some money with it, that would be awesome!
superconsciousness
4th February 2014, 20:28
Grady Means is a businessman, former assistant to Vice President Nelson Rockefeller and former economist at the U.S. Department of Health, Education and Welfare.
Ask yourself why someone at his level of influence/power would pick a specific date like Mar 4, 2014 and publish the date in an article widely read. Mar 4, 2014 is a Tuesday following Friday, Feb 28th, the date we're supposed to run out of debt ceiling extraordinary measures in the U.S., where the following Monday is market tank day in the U.S., and Tuesday, March 4, 2014, is the first bank holiday in this scenario, to be played out of Republicans balk at passing an extension to the debt ceiling. "V" said the Friday trigger into a Monday collapse scenario would result in stocks tanking on the Monday following the trigger, followed by bank holidays on a Tuesday.
Perhaps this is a relevant book with additional insights? http://www.goodreads.com/book/show/7592322-the-new-enlightenment (I just ordered it via Amazon).
See also http://z13.invisionfree.com/HARD_Qs/index.php?showtopic=156
Surprisingly enough, this date coincides with Lindsey William's 90-day prediction from his Dec 4th interview...nutter though he may be, his insider eliteist buddy is just that - an insider eliteist. "V" shot this date down, though "V" also said at some point last year that God told him "90 days" which came and went, so no one is batting a thousand in this realm. It will be interesting to see if "V" also steps up to the plate to confirm this date; it's probably a bogus, outdated prediction...which would be par for the course.
If you're a prepper, use the Feb 28th deadline for a debt limit increase as an excuse for a dress rehearsal during the first weekend in March, in the event that the March 4th date turns out to be correct, which should be self-evident to anyone reading this by Monday, March 3rd.
Here is a video interview of Grady Means from ~30 years ago, suggesting that he is certainly learned enough to know how macroeconomic collapses are triggered and unfold - https://repository.library.georgetown.edu/handle/10822/552620
c2_hxlsHc0g
Lindsey suggests that a full-blown economic collapse won't happen until the end of 2014 at the earliest...so IF something significant happens on or about March 4th, it's an event that just accelerates the process of currency devaluation. There may be bank holidays...who knows exactly when it will all go down. Current trends do not suggest that we will lose everything in the banks in the near term, but there may be bank holidays and likely partial bail-ins before the entire system collapses.
Just use common sense and prepare accordingly. The global currency reset is NOT a full-blown economic collapse, as a currency reset is an orchestrated, coordinated event. Lindsey said a currency reset is expected to happen within the next 90 days from Dec 4, 2013, and bank holidays are not part of the currency reset. A collapse is when the entire system simply stops working altogether with nothing in place to reset the system...that's a scenario where things get REALLY ugly. Based on how Lindsey describes the global currency reset, you shouldn't notice anything out of the ordinary if you're not paying attention to the news and are isolated from those who are exposed to TV/radio news broadcasts and/or the Internet news sources.
China and Russia are stockpiling gold as a way to maximize their assets prior to the revaluation of their respective currencies relative to the new global currency / trade note.
We contacted Grady Means this afternoon and are awaiting a response on whether the March 4th date remains valid, at least in his mind.
gripreaper
4th February 2014, 20:41
Here's the overlayed chart of 1929 and today.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/01/20140113_1928_0.jpg
[update] You know the Dow blew through 16,000 six days ago ignoring all support, and now sits at 15,445 at today's close. The head and shoulders pattern is almost complete and one short bounce to try and recapture 16,000, which if it fails, the deep downdraft of 1929 is next, if history decides to repeat itself. What this chart does not show, is the right side of the head (the red not filled in) has already played out.
SilentFeathers
4th February 2014, 21:21
Could be just a coincidence and perhaps there's no demonology involved here, but I just came across this article today....
Debt Up $6.666 Trillion Under Obama
The debt of the U.S. government has increased $6.666 trillion since President Barack Obama took office on Jan. 20, 2009, according to the latest numbers released by the Treasury Department.
http://cnsnews.com/news/article/ali-meyer/debt-6666-trillion-under-obama#nationaldebt
superconsciousness
4th February 2014, 22:01
TNX Chart: Specter of Rising U.S. Interest Rates
http://www.marketoracle.co.uk/Article44124.html
Jan 26, 2014 - 06:48 AM GMT
By: Jim_Willie_CB
We are at the doorstep of a major USTreasury Bond breakdown. The TNX (10-year bond yield) is at the 3.0% doorstep, as 3.5% looms very likely in the coming months. A horrible threat of a 3.7% target is presented in the chart. A rising trend is seen in many characteristics that cannot be easily dimissed. The following graphic is an extremely powerful chart, thus the center piece of the article. If and when the breakout comes, it will make the Taper Talk backfire seem rather insignificant, as a gathering storm will hit like a financial hurricane on every continent. The Jackass is on record with a forecast of 3.5%, which remains in place. One must be patient to watch it unfold, since it can take months to unfold and to manifest itself. That is far more time than the nitwits who are quick to label it a wrong forecast call. But then again they are are loud unimpressive dullards who litter the audience, taking up valuable space.
The USDollar control room at the infested USDept Treasury and the Banker Crime Syndicate at the US Fed Reserve will defend the 3.0% level to the death. A break above 3.0% toward 3.5% would bring about at least one big bank failure, force deadly dominoes of destruction, and reveal some more London Whale-type sightings with catastrophic losses. A very reliable reversal pattern is evident, the Cup & Handle formation, which indicates a breakout lift potential 1.0% higher. In my own past experience, the reversal pattern has been correct at least 80% of the time, but the timing of the breakout is always a challenge. The timeframe could be mid to late 2014, but it will take a long time to reach the indicated target level. Notice also the strong upward bias (tilt) in the entire reversal pattern, a rare feature seen anywhere. It means not only a reversal in progress, but a powerful one almost impossible to halt, since many underlying dynamos behind the forces.
A USDollar currency crisis eruption could send the 10-year USTreasury Bond yield past 3.5% easily, then later toward the 4.0% level in a sudden burst. My gut tells of the system and the maestros losing control. It is not just the Gold market they are losing control, but the nemesis to gold, the USTreasury Bonds. The global effect of QE to Infinity and the fake Taper Talk, or trial balloon, has spooked the entire world. The necessary hyper monetary inflation has been accepted even though actual heresy. Its direct effect has been to undermine the USDollar currency in a grand enduring debauchery chapter. Its direct effect has been to lift the cost of food and energy, which strikes at the heart of foreign government stability. Its direct effect has been to motivate foreign parties to seek and to construct alternatives to the USDollar in both trade and banking. Its direct effect has been to change the perception of the US & UK leadership as criminal elements, who exercise hegemony for predatory purposes. They wish to remain in power, or as my friend UD says to retain stealing rights, so aptly.
Witness a strongly applied classic recession factor, designed to dampen the rate rise trend. The bank syndicate prefers to permit a recession to persist and fester, so as to cause a reduction in final demand. They have spawned a currency crisis that is responsible to fuel the rate rise. The crisis touches all major currencies, not just the USDollar. It touches all currencies related to central bank management, whereby bond monetization is sponsored or at least USTBond monetization is supported actively. The wild card is seen with an interest rate swap derivative, designed as an elaborate control mechanism. No depth will be offered here on this hidden lever that produces artificial bond demand, and even results in what the deceived masses and deceptive controllers call a bond rally in a flight to safety. The interest rate derivatives are analyzed to some degree in every Hat Trick Letter newsletter report. In late 2010 and early 2011, the bond rally was contrived and triggered by these powerful derivatives.
Put aside the control mechanisms to intervene in the powerful interest rate derivative. The 10-year USTreasury yield looks to be heading to 3.5% in a very clear chart, as human devices cannot stop natural forces. As investor lose more faith in the invincible USFed, as they anticipate a major train wreck in the bond market, they will take off their traditional pro-Fed positions and take the opposite side of the trade in defiance. The Cup & Handle reversal pattern is among the three or four most reliable patterns in Technical Analysis. The right side handle has been taking shape since last September. Notice the rebuff by the moving average in October on the downside, then the rebuff at the 3.0% resistance line on the upside in January. Another knock of the door at 3.0% for the third time could be a charm, as more believers in the USFed weakness will join. The daily chart (not shown) has more support at the 50-day moving average (MA). The weekly chart shown above has support at the 20-week MA convincingly, as the rising TNX will come up to meet it. My forecast is for a jump in the TNX over the critical 3.0% level within a few hard fought months, with a 3.5% initial target, and a4.0% long-term target. Timing is difficult on reaching the target, especially given the extraordinary degree of corruption in all US financial markets and powerful USDept Treasury devices, not to mention all their corrupt cronies in other major central banks.
BROKEN DERIVATIVE CONTROL ARM
The Jackass theory is that the derivatives used to restrain the rising rates might be broken, as a direct consequence of the QE bond monetization applied for way too long. Over two years of QE programs is an obscenity, a situation replete with heresy. The combination of permanent ZIRP (zero bound rate) and QE hyper monetary inflation has broken the USTreasury Bond complex. The evidence is ample. The dumping exercise by the various major creditor nations has added incredible strain. The new device of Indirect Exchange in established trend has also added strain. With the latter practice, nations pay for gigantic projects or outsized energy bills or massive tangible asset purchases with USTBonds stored in reserves. The US bond is the amply applied currency spent, no longer horded. The USFed must offset the considerable dumped sale of bonds by creditors. They use openly visible monetary inflation, plus hidden derivative tools that has lost their unchallenged power. The system is in breakdown mode.
The USFed must offset the absent demand at the USGovt bond auctions.
The USFed must offset the conversion of long-term bonds to short-term bonds.
The USFed must offset the new pattern of Indirect Exchange on large scale deals.
The USFed must offset the rising awareness that the COMEX is an empty mart with almost no gold in inventory, at a time when the GLD Fund has been raided of 35% of its gold bars by elite parasites, making victims of their incredibly stupid investors.
The USFed must offset the preparation of the Gold Trade Settlement as the BRICS Bank converts to Gold Bullion to create the gold central bank repository.
The USFed must offset the rising non-USD trade that employs intermediaries.
The USFed must offset the growing perception that the USTBond has become toxic paper, while the central bank franchise system has failed on the open stage.
Expect the derivative brake pedal to be applied for heavy pressure in restraint, motivated to save the entire system, the fiat paper system. It is based on faith, a commodity badly lost, soon totally lost. The syndicate in power wishes to first preserve their privilege to print themselves $trillions in grants, but second to avoid a hanging, or worse, to avoid a public spectacle of Nuremberg Banker Trials. The powerful restraint mechanisms might still have some gusto left, but my suspicion is that their tools and levers are broken. Since the London Whale sighting in June 2012, the Jackass has become highly suspicious of the interest rate derivative mechanism. My deep suspicion is that it has been critically damaged, and lost some (not all) of its power.
The effect of the sequence of events is unclear on the derivative potency as a brake mechanism on rising rates. The secure income stream of the IRS tax funds might be diverted from usage in the control rooms that manage derivatives in key ways, making the device much weaker. The Chinese might have seized control of the income stream in a different derivative default, resulting in the loss of the JPMorguen HQ property complex. Two defaults are being manifested, both the USGovt debt default and the hidden JPM derivative made obvious by the sale of the Manhattan headquarters for half price. The Jackass smelled a collateral seizure amidst a large contract default. Imagine the biggest and most prestigious US bank, closely aligned with the USFed, doing the USDept Treasury bidding, managing the Interest Rate Swaps at the CIO offices, selling out to the Chinese, and the US public does not wonder what is going on. The depth of ignorance is indescribable and astonishingly unimpressive.
The Chinese control the old JPM gold vaults, connected to the USFed. The United States is gradually to be transformed into a Chinese industrial colony, with control over Wall Street taking shape. The hints for the transition are evident in the captain log on the derivatives page. The reality of the Chinese buying the USFed at the termination of its 100-year contract seems to be coming into view. The Jackass has converted into the belief that JPMorgan is busy acting as procurement agent for the Chinese, to acquire as much Gold bullion at the lowest possible price for the longest duration allowed. The big conflict will come when the Chinese no longer are able to convert their USD ****paper into Gold bullion. Only then will Beijing light the fuse, or dump on a mass scale, or introduce the Gold Trade platform, or pull the rug out from the USD, or all the above.
FIVE POWERFUL FORCES
The overriding global message is that Russia & China are leading a movement across the entire East to de-throne the King Dollar, and to work toward alternative trade settlement. Russia & China are at an advanced stage to replace the USDollar in its key role as trade settlement medium and global reserve currency within banking structures. While the New York banks are using heroin packed bricks in overnight settlement in shadowy chambers, the Eastern nations are using actual gold bricks on an increasing basis in well lit chambers. A Global Paradigm Shift is in progress. The arrival of the Gold Trade Settlement is well along. The hints are the Iran Petro-Gold phenomenon, which is detailed in the January Hat Trick Letter. Other hints of a broken USTreasury Bond market are the outsized dumping of USTBonds in the Indirect Exchange channel, the buyer strike at new USTreasury auctions, the raking in of 90% of the USGovt debt issuance by the USFed itself, and the obscene abuse of Reverse REPOS by the USFed (which the stooge dullard simpleton public cannot possible comprehend). The Reverse REPO is hidden QE by another name. Other hidden QE is being helped along by the Euro Central Bank, using the Brussels office that is visible from the TIC window. The usual Caribbean office is not used as much as in the past, probably because heavy volume cannot easily be concealed. They are moving more drug money lately than USFed or Bank of England funds. More details are seen in the Hat Trick Letter.
Downward pressure in the TNX will be seen in the poor economic results and application of the interest rate derivative machinery. Upward pressure in the TNX will be seen from the global USD/USTBond rejection and recognition of the USFed Taper Talk falsehood deception (head fake). The USFed is on course to lose all remaining credibility. Their prestige vanished with the introduction of the Quantitative Easing against the ZIRP zero bound rates, now into their third and fourth years. Five key important points dominate the global landscape like a gigantic billboard.
QE to Infinity is being recognized, the Taper Talk widely seen as a ruse and propaganda to defend the broken USDollar, another turn in the road.
The Geneva Iran Talks can be better described as the Petro-Dollar Surrender Talks, another turn in the road.
The Boyz might misjudge that the derivatives can prevent a powerful breakout above the critical 3.0% and toward the initial 3.5% target, as the London Whale incident was a turn in the road.
The Indirect Exchange seen in broad USTBond dumping is a new dangerous disruptive trend, the Rosneft buyout of the BP oil stake another turn in the road.
The pension and bond funds as well as insurance sector demand higher bond yields for carry income, a breakdown coming.
Market dynamics are out the window on a slowing USEconomy working to dampen rates. Look for higher rates even though economic growth data is lousy. Crisis times have returned, just like in summer 2008. A currency crisis is in powerful early stages, an extension of the enduring Global Financial Crisis that bank leaders had no desire in quelling for over five years running. The derivatives appear broken at a time when foreigners are seriously dumping USTreasury Bonds and the King Dollar is being dethroned on the global stage. A new alternative trade settlement system has two superpower sponsors in China & Russia. They will not be deterred. The Petro-Dollar is being dismantled, and an alternative system is being constructed.
A quick update on derivative volume data from the Office of Comptroller to the Currency. The latest report indicates a moderate $10.4 trillion in OTC swaps added from 2Q2013 to 3Q2013, for which interest rate derivatives dominate. The new OTC Swaps in were somewhat evenly spread among the five largest players: JPMorgan, Citibank, Bank of America, Goldman Sachs, and Morgan Stanley. Back in the second half of 2010, the main bank to carry the OTC Swap water pails was Morgan Stanley. The Q2 placement of IRSwap contracts last spring slowed the rise in the USTreasury Bond yields. Expect the Q3 and Q4 data to show more of the same artificial demand interventions.
THE DATA DECEPTIONS
Belgium increased its USTreasury holdings by $72 billion in a single year. The near 50% increase is more than the Japanese rise. Witness the new QE to Infinity back door window for hidden bond monetization. The slush fund is operated by the Euro Central Bank, which has offices in Brussels. The QE volume is far more than reported, with numerous alternative doorways seen. The global stage has new prominent players. The BRICS nations hold a huge block of USTreasury bonds collectively, led clearly by China. The pile of toxic paper can be used to gain advantage, earn sway in policy, coerce decisions, and pave the way for industrial colonization. The pile can conduct an open door America policy in reverse, from which to build industrial parks, and to funnel in large tranches of money. The creditor calls the shots, but must endure abuse and hidden terrorist devices. Outflows have intensified at domestic US bond mutual funds. An exodus is underway, as risk is not properly rewarded. A major blowup in the insurance sector is overdue, from inadequate carry income to finance routine payouts.
GOLD REIGN & GOLD RAIN
It is late to enter the gold investment refuge, but never too late. The $400 to $500 per ounce discount offered by virtue of the 2013 gold market corruption, interventions, and propaganda affords an opportunity to those late entering the gold train with silver railcars. The USEconomy is running over the cliff, stuck in Never Never Land recently described in Reich Finance terms as the Non-Recovery Recovery. The advent of the Gold Trade Settlement system with its Gold Trade Note letters of credit, and strong Turkish bank intermediary role amidst the new Petro-Yuan standard with Russian supply support, along with the sturdy Gazprom and Iran Pipelines will make for a guaranteed rise to the $5000 gold level and $200 silver level. Gold will reign supreme again.
The future of gold is assured, to be made crystal clear when the non-linear events unfold as part of the Global Currency Reset. It is better called, more accurately called, the Return of the Gold Standard via Trade. It will turn the Western bankers and their tarnished financial markets upside down. It will isolate their big insolvent banks as tall hollow reeds, sure to topple. It will introduce peer-to-peer payment systems that avoid the banks and the SWIFT weapons. For the naysayers, dim bulbs, and utter morons who dismissed many other correct forecasts, get back to me in a few years when the sunken bank vessels and collapsed market stages are part of past history, a shameful history. Let it be known that when this chapter is written by the new victors, the Iran Sanctions will be regarded as the greatest folly by the USGovt to turn the Gold Wars around, to assure an Eastern triumph. The sanctions served as motivation to construct the gold trade mechanisms in bypass. Soon the bypass systems will become the model of trade. The United States can join as a second citizen, since impoverished by a generation of predators and corruption and unsound money. If not, the US will fall into the De-Industrialized Third World. Out of the shadows, it will rain gold in trade again.
THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
From subscribers and readers:
At least 30 recently on correct forecasts regarding the bailout parade, numerous nationalization deals such as for Fannie Mae and the grand Mortgage Rescue.
"Jim Willie is a gift to our age who is the only clear voice sounding the alarm of the extreme financial crisis facing the Western nations. He has unique skills of unbiased analysis with synthesis of information from his valuable sources. Since 2007, he has made over 17 correct forecast calls, each at least a year ahead of time. If you read his work or listen to his interviews, you will see what has been happening, know what to expect, and know what to do."
(Charles in New Mexico)
"I commend the Jackass for being the most accurate of all newsletter writers. Others called for the big move in Gold right away, but you understand that the enormous fraud in the system needs to play out before free market forces can begin to assert themselves. You seem to have the best sources and insights into the soap opera that is our global financial system. Most importantly, you have advised readers to be patient, stay safe, and avoid mining shares like the plague. Calling the top in the USTreasury Bond (10-yr yield at 1.4% yield) stands out as a recent fine accomplishment. The Jackass understands the markets, understands the fraud, and also has the sources to keep him the most up-to-date on the big geopolitical and financial events and scandals. Few or no other writers have all three of these resources."
(Austin in California)
"A Paradigm change is occurring for sure. Your reports and analysis are historic documents, allowing future generations to have an accurate account of what and why things went wrong so badly. There is no other written account that strings things along on the timeline, as your writings do. I share them with a handful of incredibly influential people whose decisions are greatly impacted by having the information in the Jackass format. The system is coming apart on such a mega scale that it is difficult to wrap one's head around where all this will end. But then, the universe strives for equilibrium and all will eventually balance out."
(The Voice, a European gold trader source)
indigopete
4th February 2014, 22:23
I can never tell the difference between listening to Lindsey Williams and watching one of those 24 Hour TV marketing channels trying to sell you a unique limited edition set of kitchen mixing bowls.
"There is going to be a currency devaluation, and I will almost tell you the date in just a few moments. Just before I do that, have a look at this supreme chrome plated coffee grinder. Now you cannot get this at any store, any online merchant, any magazine supplier. The number is flashing up on screen now. I want you to write down that number"...
Bitcoin folks !!!!
cursichella1
4th February 2014, 23:30
[QUOTE=Paul;793120]The key thing to notice in this article is that it was published in a main stream US newspaper over a year ago, and that it calls out a specific date about when the world economic crash will become evident.
On October 25, 2012, Grady Means, a former assistant to Vice President Nelson Rockefeller (of the infamous Rockefeller family), authored the following article in the Washington Post.
Means anticipates that the world economic crash will be long and ugly, affecting most nations. The US will no longer be able to afford to import much. China will lose their biggest customer. Russia will have fewer customers for their gas and oil. And down the line it goes ... the backbone of the world economy since World War II, the US Dollar, will no longer hold its value.
=================
Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.
The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.
Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.
Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.
The problem is not Medicare, which won’t quit on us for another six or seven years. Nor is it Social Security, which will not be fully bankrupt for another 15 years or so. The crisis is much more immediate and much more serious.
The central problem is that America is the bank of the world. What this means, simply, is that the dollar is the world’s currency (often termed the “reserve currency”).
Throughout the world, nearly all traded goods, oil, major commodities, real estate, etc., are denominated in dollars.
The world needs dollars, and the U.S. provides them and provides confidence that the dollar is the “safest” currency in the world. Countries get dollars by trading with us on attractive terms, which enables Americans to live very well.
Countries support this system and cover their risk by investing in dollars through T-bill auctions and other mechanisms, which enables us to run budget deficits — up to a point.
The central issue is confidence in America, and the world is losing confidence quickly.
At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments.
Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.
At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.
The rest of the world will fully crash along with us. Europe will continue to decline, and the euro will not replace the dollar. Russia will see a collapse in oil prices as market demand softens, and Russia will collapse along with it.
China will find nowhere to export and also will collapse. The Russian and Chinese governments, which see all this coming and have been stockpiling gold to hedge against such a dollar collapse, will find that you cannot eat gold.
There will be uprisings — think of the streets in Spain and Greece today — everywhere. Technological advances that traditionally drive productivity increases and economic growth will not be able to keep up with this collapse.
When might this all happen? Paul Volker indicates we might face a mess like this in the next year and a half.
David Walker, former U.S. comptroller, i.e., the former chief accountant of the U.S. government, has suggested similar time frames for economic catastrophe.
Most agree that the budget sequestration approach won’t work from either economic or political perspectives, and mindless across-the-board cuts in spending will only exacerbate a mess.
The Federal Reserve’s third round of quantitative easing, in which we print money to buy our own bonds in order to goose economic and employment numbers, means we are floating our own debt, a good formula for sudden hyperinflation.
The next president will have about six months to fix this problem before it is too late. He must be fully prepared, able and willing to work with Congress and move quickly and decisively.
During the election, the most important question to ask is, who understands all this and is prepared to prevent it? Everything else is noise.
=================
When Grady Means speaks of the "next president", keep in mind that he wrote this before the Obama was re-elected in the November 2012 US Presidential elections, so he did not know whether Barrack Obama or Mitt Romney would win the election (or if he did know, he wasn't saying.)
The original article can be found on-line at U.S. economy on schedule to crash March 4, 2014 (http://www.washingtontimes.com/news/2012/oct/25/us-economy-on-schedule-to-crash-march-2014/?page=all).[/QUOT
Not that I doubt this is a possibility, but I cant find any info on Grady except for (google) results linking to the same article and some Amazon books (all sold 8 copies). Not that wikipedia is The Source, but he doesn't show there, either. Could this be another nugget for us to find to either cause fear or to separate misbehaving Americana from the obedient zombies?
PHARAOH
4th February 2014, 23:50
I don't believe any and all of this hype. We've been down this well paved road too many times and I for one will exit stage left. :drama: :violin: :bs:
AlaBil
5th February 2014, 04:09
I have been pretty much "the sky is falling" type of guy for the past few years but one of the key indicators I follow is saying something different. Each day the US treasury issues a report the states the total amount of income received in the US treasury that day and breaks it down into specific areas. The area that cannot be fudged is the line item "Withheld Income and Employment Taxes" paid by every employer in the US within 1-3 days of issuing payroll checks.
Here is the page for yesterday, February, 3, 2014, with a Record Withholding for a single day.
http://www.trivisonno.com/wp-content/uploads/Record-Withholding.jpg
Not only this but the year to day witholding are up almost 10% compared to the same timeframe last year.
During the recession the withholdings were down compared to the year before by up to 20%. For the past two year this number is steadily increasing, so the government has more money coming in.
You can follow this chart on this website: http://www.dailyjobsupdate.com/
Wind
5th February 2014, 04:35
Good video here (contains some strong language).
EvRJN2rblp4
ghostrider
5th February 2014, 04:50
Most have forgotten all the bank CEO's that resigned not long ago , they know something ...
Nanoo Nanoo
5th February 2014, 05:07
Im not going to give advice but ill tell you what i would do
1 Keep your money under your bed
2 Get out of debt
3 Secure accomodation out of major cities
4 Buy things that will be valuable or useful like tools and a generator.
invest a portion in gold and silver , take physical hold , not bonds.
and IF the world currencies are levelled then purchasing a currency that is below yours when levelled will buy back the difference as your profit.
and if it dosent then just swap it back
N
T Smith
5th February 2014, 05:35
I am starting to embrace more and more the notion that we will not see a sudden collapse any time soon. The objective has always been the complete annihilation of the dollar, but we needn't a violent crash to achieve this. A steady 10% debasement per year is just enough to press the screws to the global financial system without breaking it. The service on the debt the US incurs today will be paid/printed in a decade from now for pennies on the dollar, and just enough to keep the system limping and in tact. In the meantime, the national debt will continue to grow. The military industrial complex will continue to coerce the rest of the world with means both covert and overt to pump up the dollar, if necessary, just enough to support its steady 10% yearly debasement. If/when the rest of the world flips the US the bird by dumping the dollar, we would then see the type of collapse described in this article, but before that were to happen we would likely see the outbreak of WWIII first. In my humble opinion, global war is more likely than a sudden dollar collapse. The banking cabal would orchestrate the conflict and further consolidate and centralize its global government in the aftermath. The phoenix from the ashes would be a new Bretton Woods deal and some type of new global reserve currency.
In short, we are already collapsing in slow motion, which allows we serfs to adapt the best we can as the perpetrators of this scheme continue to plunder all our wealth.
Spellbound
5th February 2014, 05:47
My father is a financial analyst and we were having this very same conversation over dinner last night. He thinks the economy is due to drop (possibly taking out the low of '08/'09) sometime this year also. The Fed has been artificially propping things up for far too long thereby not allowing the market to properly correct itself. Bernie has been playing games for far too long....and it's coming time to pay the piper. Anyone who is currently invested in US stocks will be running a huuuuge risk. I'm completely in cash at the moment with a little bit in gold and silver. Once the ball drops....then it's time to pounce.
Dave - Toronto
superconsciousness
5th February 2014, 06:30
With the global economic/financial system becoming increasingly complex, and with leadership becoming increasingly inept at fixing the problem, imbalances within the system will require some sort of hard reset. The U.S. has been spending more than it makes for decades, while other nations have done the opposite, so of course there will be a currency reset...that one is a no-brainer. The tough one is exactly when it will go down...we'll know soon enough, and if the reset is trade-centric, then the devaluation won't impact everyday purchases for a couple weeks, then inflation will begin to really hit the U.S. and Western nations and Japan. Since the world is so interconnected, this reset will in turn create other imbalances, which is where the phase 2 collapse scenario comes into play shortly thereafter. That all makes sense. Greece survived its slow-motion collapse...the rest of the world will, as well, but it will get much worse before it gets better.
Azt
5th February 2014, 07:41
I hope we do not have an economic collapse and at the end is business as usual (means nothing change) but if we are going to have a complete shift beyond our current economic models (GDPs growth, income taxes, private bankers controlling the federal bank etc...) I say, let it burn. We need to get out of the economic illusions that we face today. It is not about our generation anymore, it is about the future ones. Time to clean up the house and restart fresh in a new generation to be formed in 20 years from now.
Robert J. Niewiadomski
5th February 2014, 10:22
It's nothing "terrifying" to have many zeros on your "bank notes" :) Back in 80's and in early 90's all Poles were millionaires (https://www.google.pl/search?q=banknot+milion+z%C5%82otych&espv=210&es_sm=122&source=lnms&tbm=isch&sa=X&ei=exDyUvDDD8m1hAfirYGQDg&ved=0CAkQ_AUoAQ&biw=1189&bih=579) ;) Then capitalism started for good and prices have been divided by factor of 10'000 and everybody became "poor" next day ;)
For 1mln PLZ ("old" Polish zloty) you could buy ~10kg of ham...
Now you need "only" ~300 PLN ("new" Polish zloty) for the same amount...
The world will not end with the collapse of USD. There is always healthy barter of goods and services to meet the ends :)
giovonni
5th February 2014, 12:44
Harvard Economist Expects Bank Runs, Withdraws $1 Million from Bank of America
http://www.youtube.com/watch?v=OZVgiS89amc
Camilo
5th February 2014, 14:01
Giving specific dates for events of this nature has never been appropriate, as whatever is expected to happen never happens as announced.
¤=[Post Update]=¤
The state of the US stockmarket
We saw the DOW fall by 326 points on Monday to 15,373, a fall of some 2%. This is a fall of 1,203 from the high of 16,576 on December 30, 2013, a fall of some 7.25%. It has taken out some support levels on the way, notably 15,740. In my view, if the market breaks the double bottom of 14,776, then it may fall quite some distance. A target of 7,687 comes to mind. Heard much about this fall in the mainstream press? I haven’t. These things happen when “Joe Average” is not looking.
As a friend of mine who has been invested in gold and cash for a couple of years shared with me recently, one of the pundits he watches commented that being in the stockmarket last year was like picking up pennies in front of a steamroller (thanks, John). I like the image.
I am not saying I know where this is going. I don’t. But if I had money in the stockmarket, I would be getting it out, regardless of the country I am in. Yes, the DOW made new highs this year, but the Aussie market has not got within a 1,000 points of its 2007 high. The buy and hold model only works when there is a rising market, which there has been in the living memory of most of today’s investors.
We need to study history if we are to avoid repeating it. Be careful, my friends.
Lcam88
5th February 2014, 14:36
In economics there is a term: self-realizing prophecy (http://medical-dictionary.thefreedictionary.com/Self-realising+prophecy)
The fundamental idea is that when people believe something will happen, their decisions made that where reactions to the belief cause the fulfillment of that belief.
That is why the "too big to fail" actions taken by government are essential keeping the economy in order. That's why Bernanke authorized the Feds to extend life support to gov't buy buying Gov't bonds at 85B per month at 0% interest. All that is in vain if people continue to believe a crash is imminent. EDIT: ironically, it also may be for this very reason that some people foresee a crash: too much money printing!
I think the key is for people to believe a crash can and will happen but just not now. Maybe tomorrow, but not now. Must also believe in a tomorrow that never comes.
gripreaper
7th February 2014, 17:23
http://www.youtube.com/watch?v=80u-F3jKr2M&feature=youtu.be
superconsciousness
9th February 2014, 05:45
We never heard back from Grady Means, and after reading his book 'The New Enlightenment', it's clear that he thinks a lot about both spiritual and economic matters, but there is no clue found in his book to suggest why he would know a specific date for an economic collapse scenario that far in advance unless such a date was either pulled out of thin air or his elitist network told him point blank that that was the date they chose to pull the plug on the global economy. Again, here is what Mr. Means said:
“There is a very large probability that the real end of the world will occur around March 4, 2014.
The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes. Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.
Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.
The central issue is confidence in America, and the world is losing confidence quickly. At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments. Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.
At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.
The rest of the world will fully crash along with us.”
================================
A VERY anomalous article, indeed...not sure what to make of it. Recommend keeping a decent stash of cash on hand, just in case. Below suggests that the Fed's actions won't trigger anything out of the ordinary at the very end of February:
http://online.wsj.com/news/articles/SB10001424052702304450904579369240806035508
If Congress extends the debt limit deadline until the first quarter of 2015, then the Treasury running out of extraordinary measures won't happen at the end of the month either...there would be no reason to expect a trigger to destabilize the dollar on or about March 4th. If Congress gets another wild hair and drags out the debt ceiling debate, that could trigger instability at the end of this month...other than that, some terrorist attack or another Sept 2008 tanking of the markets by unknown parties, which could happen at any time so that doesn't help much. Unless Grady unexpectedly responds to our inquiry or someone on those circles goes public with the same date and an explanation as to why that date is significant (highly unlikely...), we'll have to just wait and see.
superconsciousness
10th February 2014, 21:20
Hard to believe a Fulford post would tie into elitists in the U.S. but the timeline is a match:
Ben Fulford The countdown begins 2/10/14 Secretary of Skull and Bones Kerry goes on begging mission
http://blogdogcicle.blogspot.com/2014/02/ben-fulford-countdown-begins-21014.html
The families that own the Federal Reserve Board missed making gold payments due on January 31st so they now have to scramble to find gold before February 27th or face the bankruptcy of their United States of America Corporation. That is why Secretary of Skull and Bones John Kerry is off this week to beg for gold from the United Arab Emirates, Indonesia, South Korea and China. The cover story about the US Congress having to raise the debt ceiling in order to avoid government bankruptcy is only fooling a steadily shrinking group of the brainwashed living dead.
When they missed their payment last September 31st the cabalist were able to postpone bankruptcy by making a deal with Iran, selling weapons to China and a few other tricks. Let us see if they manage to kick the can down the road once again perhaps by offering the Okinawan archipelago to China or some such thing.
Otherwise President Obama can prove he is the real deal and start issuing US government currency instead of borrowing foreign Federal Reserve Board debt notes misnamed the US dollar.
Then again something entirely different might happen. According to the P2 Freemason lodge, Pope Francis and Obama signed an agreement... (click on the link above for the full blog post).
===========================
I don't know about you, but the last organization to be trusted with the fate of humanity is the so called White Dragon Society...
Oh4hnJ_h7_o
Any organizations or individuals rising up to the top of the dung heap at this time cannot be trusted...period. Anyway, Feb 27th comes and goes without a behind the scenes agreement, don't be surprised if the debt ceiling vote doesn't go through by the 28th, assuming of course that Congress doesn't pass legislation before going on recess later this week. The article below suggests that the debt ceiling issue will be resolved this week:
http://www.washingtonpost.com/politics/house-gop-to-meet-monday-to-finalize-debt-limit-plan/2014/02/10/e5189056-9271-11e3-84e1-27626c5ef5fb_story.html
...and so it has:
http://www.nytimes.com/2014/02/13/us/politics/senate-debt-ceiling-increase.html?hpw&rref=politics&_r=0
in which case the stalemate of economic/geopolitical forces continues without resolution, which is the most likely scenario. We don't expect resolution anytime soon, so long as terrorist activities continue to proliferate throughout the Middle East and emerging economies continues their precipitous decline, which in turn fosters more terrorist activity.
http://www.bibliotecapleyades.net/sociopolitica/atlantean_conspiracy/atlantean_conspiracy49.htm
Then you have Lindsey Williams stating that the economy would not be allowed to completely collapse until Obamacare is fully implemented...looks like we'll have to wait until 2016 if that's the case:
http://www.zerohedge.com/news/2014-02-10/there-it-obamacare-employer-mandate-delayed-companies-under-100-employees
Wonder if this might trigger something on the 4th:
http://www.debka.com/newsupdatepopup/7215/
March 3 set for Netanyahu White House visit
DEBKAfile February 12, 2014, 10:11 PM (IST)
The White House announced Wednesday that Prime Minister Binyamin Netanyahu will meet President Barack Obama on March 3. They will discuss progress in negotiations with the Palestinians, the Iranian nuclear question and other regional issues.
Possible Middle East (False) Peace Agreement being finalized?
http://www.veteranstoday.com/2014/02/10/palestine-israel-surprise-agreement/
The term Order out of Chaos, in Latin Ordo ab Chao, is the slogan of the 33rd degree of Freemasonry...keep that in mind as events unfold over the next few years. It appears that we will be contending with a slow-motion collapse, rather than a monumental seismic shift beginning on or about March 4th...or any date for that matter. In other words, it appears that it's a free-for-all behind the scenes, and that probably won't change anytime soon.
gripreaper
10th February 2014, 23:01
The families that own the Federal Reserve Board missed making gold payments due on January 31st so they now have to scramble to find gold before February 27th or face the bankruptcy of their United States of America Corporation.
The UNITED STATES Corporation has been AND IS in bankruptcy since 1861, with the initial 70 years running to 1931 where all the rest of the tangibles and intangibles (our birth certificate bonds) were pledged for a line of credit and renewed again in 2001 (think 911). So, it is misleading to suggest that the US will go bankrupt if "this or that" does not happen by "such and such" a date.
What would be more correct, is that the Federal Reserve will not issue any more credits based on the performance of the bonds it holds, because THEY are not being paid. To suggest that the Federal Reserve owes gold to the rest of the world, which it has in abject and overwhelming debt, is not true IMHO.
gripreaper
13th February 2014, 06:59
OK, if history is to repeat itself, then this is the test. The S&P and the Dow completed the right shoulder and the Dow attempted to recapture 16,000 twice, once last night and again this morning.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/02/20140211_EOD13_0.png
The market drifted all day, and now in the aftermarket, Dow futures are down 150 points from today's highs following Japans Nikkei 225 futures are down almost 500 points from their Yellen-Tuesday peak.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/02/20140212_NKY3.png
Should be interesting to see if this plays out.
http://www.zerohedge.com/news/2014-02-13/japanese-stocks-down-over-450-points-yellen-top-dow-150-todays-highs
Cristian
13th February 2014, 11:54
Side note : If the history is repeating itself , the big market drop is not pictured entierly in your graphs grip. (highest point of 381,17 was in 1929 and lowest point 41,22 was in 1932...so for a 16000 DOW in late 2013 we can expect a quote around 1700 in 2016...now that's a market drop :P )
Here is an estimate made by a member of another forum :
http://oi60.tinypic.com/2akbjol.jpg
superconsciousness
18th February 2014, 22:30
http://www.zerohedge.com/ is a good site to track market activity over the next two weeks until Grady Means's D-Day arrives. www.marketwatch.com is also helpful - a good balance between Zerohedge and Marketwatch when monitoring markets. I've monitored both sites for a while, and Zerohedge articles are really ramping up lately, which may or may not indicate an imminent market crash...news is just getting worse. Marketwatch keeps more of a level-headed approach to market activity. I personally don't think anything will happen in two weeks above and beyond the normal noise of market activity...but this article written by someone like Grady Means is just weird.
EK9oJzQwpY4
superconsciousness
20th February 2014, 11:58
24995
Compare with a longer-range chart of the stock market during the Great Depression...market collapses are rather long, drawn out processes.
24996
This chart suggests that Grady may be part of the network involved with ensuring today's market follows the chart above. That's how he would have been able to predict what would happen...because he's part of the network controlling the markets. Nothing magical about that, though Grady's latest book, "The New Enlightenment" suggests that his thinking is superior.
http://www.amazon.com/The-New-Enlightenment-Civilization-Spiritual/dp/1935097180/ref=sr_1_1?ie=UTF8&qid=1392897465&sr=8-1&keywords=grady+means
Typical elitist...speaking of elitist stunts, check out this rebuttal of the "I Am A Ukranian" video that has tallied up over 4 million hits to date.
-OBeYg8KdtY
The original video here (6.2 million views and counting...):
Hvds2AIiWLA
Obviously, an East vs. West conflict is being staged, so PRAY PEACE.
superconsciousness
21st February 2014, 03:38
http://investmentwatchblog.com/fed-says-it-would-take-something-big-to-stop-the-taper/
TRANSLATION: Something big will stop the taper...probably in March if Grady Means is correct, but the track record for someone predicting a date for something like that is rather abysmal...
superconsciousness
21st February 2014, 11:52
http://economictimes.indiatimes.com/news/international/business/us-taper-should-be-wake-up-call-for-emerging-world-oecd/articleshow/30780054.cms
The chart linked below shows a shaded red region - that's the region we're entering now in the U.S. As you can see, the stock market didn't bottom out in one day, but there was a critical point where it was no longer able to remain at previous levels, which is the event most people refer to when talking about the "Crash of 1929". That market level trend from the last 1920s accurately projects the impact of Fed QE tapering in the U.S. today.
http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
No point in going into further detail/analysis...just note that this is the phase of the debt supercycle that we are now entering.
...and just to remove ANY doubt that we've lost the bubble in America:
HOK4aBYNh3s
ulli
21st February 2014, 13:08
...and just to remove ANY doubt that we've lost the bubble in America:
HOK4aBYNh3s
Yep.
Few videos have illustrated that point as well as this one.
Labrenthina
22nd February 2014, 06:49
As soon as you mentioned South Korea my mind went to recent reports of dodgy deals Australian gov has made. They have also made deals with US also...and keep in mind the looming 'TPP' too(Trans Pacific Partnership)...I feel this is all linked yet can't work it out yet so I'll just throw it out there to you clever cookies...
Here is article- http://www.businessspectator.com.au/article/2014/2/18/china/australia-has-just-given-away-its-fta-bargaining-chip
superconsciousness
22nd February 2014, 08:30
Meet Grady (and his wife Gayle) Means:
25011
After graduating from Notre Dame high school, I received undergraduate and graduate degrees in economics and engineering from Stanford University which I attended on athletic and academic scholarships. I taught at Stanford for a while and then ended up in the Nixon administration as an economist in the Department of Health, Education and Welfare and then served in the Ford White House as a special assistant for domestic policy to Vice President Nelson Rockefeller.
After the Nixon/Ford years, I started a consulting firm called Sage Associates which eventually merged with Coopers and Lybrand which then merged again to become Price Waterhouse Coopers Consulting in Washington DC. As a Managing partner, I oversaw a team of 3500 consultants and a business of $1.2 billion. The business provided strategy consulting, operations consulting, technology development and implementation, software support, and outsourcing services to government agencies and large corporations. Eventually I, along with several partners, led the acquisition by IBM of PWC Consulting. Following the integration of my business unit into IBM, I semi-retired and we bought a second home in Half Moon Bay, California to be close to our children who are attending Stanford University. So, today we split our time between the right & left coast. I enjoy riding my motorcycle, sailing, fishing. golfing and authoring books on economics and spiritualism.
=============================
Below is a current snapshot of a stock market chart comparison between current market activity through today's closing numbers and the 1928-29 period.
www.wonksmedia.com/market.pdf
Similar, but not a perfect fit...still worth nothing, nevertheless. March looks like a bad month for the markets if the trend were to continue. The next FOMC (Federal Reserve) meeting is scheduled for March 18-19, so with continued asset tapering in the works, markets may either react prematurely to the expectation that tapering will continue (stock market crash prior to March 19) or will ride the storm and wait until the Fed announces continued tapering of asset purchases.
http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
Our network is expecting a 10+% correction in the markets, which would roughly match the correlative decline between 1929 and today's market numbers...not a game ender, but enough to grab everyone's attention...enough to force the Fed's hand into delaying further tapering of asset purchases into the second half of 2014.
Why does all this matter?...well, we're either looking at a systemic collapse within a matter of weeks, or little more than a market correction and a ramp-up in inflation going into FY 2015 (fiscal year 2015 begins on Oct 1, 2014). That's why. The majority of data and research to date suggest that the latter is the more accurate assessment.
Plainly stated, Grady Means is wrong on the date, but the end state is largely accurate. The hard reset when it does transpire sometime in FY 2015 will wipe out the majority of wealth held by individuals on the planet today. There will be a continued trend toward bifurcation between the Haves and the Have Nots over the next several years...more people will go without, while the elite become more isolated and corrupt.
The "arrival of Superconsciousness" will serve to uplift the masses, at a time and circumstance of Universe's choosing, to ensure that the elite are removed from the human collective like an infected appendix...we'll do just fine without them.
http://projectavalon.net/forum4/showthread.php?25390-Living-Without-Money
Limor Wolf
22nd February 2014, 20:50
No Grady Means in Caliber, but a 21 yrs old. A little lukewarm with regards to seriousness of testimony, but will post it here anyway to your own good discretion -
http://www.turnerradionetwork.com/news/302-mjt
Roisin
22nd February 2014, 21:03
Surfer's post makes a lot of sense to me but not all of it. But, based on what I have found out, Grady's prediction of March 4th is not correct so I'm in agreement with him on that part.
superconsciousness
26th February 2014, 01:07
See also http://www.cnbc.com/id/101389166
...again, nothing concrete enough to zero out your piggy bank just yet, but the chatter seems to be on the uptick lately. My bet is a stock market correction, not an outright collapse scenario, but the situation will continue to decline as more and more debt is unable to be serviced, both on an individual basis and at the national level.
superconsciousness
26th February 2014, 11:41
Watch http://pro.stansberryresearch.com/1402OILCHNGO/POILQ214/
On April 24th, 2014, China will unveil a secret new financial weapon, built to bankrupt millions of Americans
A decade in the works, this unique weapon will disrupt nearly every aspect of normal American life, with potentially devastating results. Learn what you absolutely must do now to prepare and protect your family…
=======================
That's the blurb from the description of the Porter Stansberry video...a bit over the top. Well, perhaps not, but headlines like that usually scare people away. it's addressing one possible currency war scenario. I suspect we'll continue to come across headlines like this until a full-blown economic collapse actually transpires, so this sort of stuff is nothing new, and will continue until "the end of usury" is fully manifest. At that point, most people will be on their own...so start working together now as much as possible.
superconsciousness
27th February 2014, 21:41
Something on the geopolitical front could serve as a trigger for a market correction...markets go up and down, so the big issues are timing and severity. That's what just about everyone gets wrong, but they are the most important things to know.
http://www.zerohedge.com/news/2014-02-27/two-russian-warships-enter-black-sea-through-bosphorus-another-docks-cuba
Russia may be awaiting a diplomatic resolution of the Ukraine crisis, but we wouldn't hold our breath especially with the deposed president Yanukovich set to conduct a press conference tomorrow from Russia's Rostov-on-Don at 5pm local time, where we hardly anticipate a scaling back of the escalation in what is sure to not be an abdication from power. Instead, Putin continues to prepare for the worst and is openly signalling to the West that if he has to fight to regain influence in the Ukraine, he will, as a top Kremlin politician warned last week. As such it was not surprising to read that two Russian warships, the Minsk and the Kaliningrad which last week were sent out on deployment around Syria, crossed back into the Black Sea, most likely in direction Sevastopol, as the build up of Russian forces in the Crimea continues.
=========================
V's latest interview in here: http://thevictoryreport.org/midnight-alternative-insider/. He is suggesting we'll make it into 2015 before a hard reset of the global financial system.
Anyway, last post...it's like waiting for a pot to boil. We have better things to do, don't we. ;)
TODD & NORA
28th February 2014, 14:58
..........
superconsciousness
3rd March 2014, 01:17
The stock market correction slated for this week has begun:
https://www.google.com/search?q=nikkei
The financial system collapse will NOT transpire this week...perhaps early next year.
ThePythonicCow
3rd March 2014, 03:36
The financial system collapse will NOT transpire this week...perhaps early next year.
Well ... it's not March 4 yet :).
(But if I had any money to bet, and if I were a betting man, I'd have to wager you're right ... yet another deadline will pass without the major forecast event happening.)
jackovesk
3rd March 2014, 03:56
PREFACE: Miles Johnston from the Bases Series in his recent interview with Project Camelot's Kerry Cassidy mentioned a lady in Northern Ireland named ((Sandra Barr)) has done some excellent research on the (IMPORTANCE) of "Numbers" to the PTW, hence my sharing it with you...
Re: U.S. economy on schedule to crash March ((4)), 2014
The Number FOUR 4
http://4.bp.blogspot.com/-rsRaIjJMrdI/T32Xuf01egI/AAAAAAAAAmY/cjQNe9rtPJM/s200/800px-Stamvei_4.svg.png
The number 4 means many things to many people, but from Antiquity it has been recognised as the God number by many people for numerous reasons.
When I opened my You Tube Account
25 September 2007, I took about 10 seconds to think up a user name, I chose “Truthseeker”. As there was already a few thousand Truthseekers I had to think of a number. I had just read a Doreen Virtue numerology book, in it she said that 444 was the number of the Angels, so I thought “That will do”. Back then I never realised that all these years later I would be making my own vids, blogs etc, and I would be known by “Truthseeker 444” more than my own name. I have often been asked since why I chose that name, I have had a fascination with numbers and numerology since childhood, but when I chose “Truthseeker 444”, there was under a minutes thought went into it.
In my research into the workings of the shadowy Elite, the number four comes up over and over. So I thought that rather than explain it in each of my Blogs, I would write a blog just on it significance.
http://2.bp.blogspot.com/-RmdNoZNN2cI/T32Xv5Ts_UI/AAAAAAAAAmg/kAazEtxQTLM/s640/aaNWO.jpg
This depraved bunch of wackos see themselves as the controllers and manipulators of mankind, so it figures they would attach the number "4" the God number to themselves.
((4)) THE NUMBER OF THE GODS
http://3.bp.blogspot.com/-jUMQg_FD51Y/T32XfUyjLfI/AAAAAAAAAlw/SzZo_fBgxUQ/s640/kateff.jpg
http://1.bp.blogspot.com/-jxTWfYoa41A/T32XdxvG8zI/AAAAAAAAAlk/p-3III-rTXE/s640/jupiter.gif
The Greek God Zeus and the Roman God Jupiter are both represented by a 4.
The following is taken from the “Dictionary of Symbols” by Carl G. Liugman.
“Jupiter moves in the sixth Bodian orbit from the sun, has an orbital time of 12 years, and is the largest planet in the solar system. Jupiter is different from the other planets in that it radiates more energy (of radio wave frequencies) than it receives from the Sun. The Jupiter system with its 14 moons is in a way a system within a system within the solar system”
“The key word for 4 is expansion. Jupiter also represents the establishment, the structure of society, institutionalized religion, authorities, and well meaning government”
(No wonder it has been cropping up everywhere in my research!)
“When used in psychological astrology Jupiter indicates an ability to understand and adapt to the established social structure and the instinct to expand one’s knowledge, for existence, via studies and travelling.”
Speaking of Zeus/Jupiter “On a higher level he is the protector and ruler of the State and society”
(Sorry no link, I actually typed this out from a real book)
Many Christian Churches are built on the sites of former Temples to Jupiter. The Cathedral De Notre Dame in Paris, a short way from where Diana was murdered is one. The Cathedral Santiago (St James) Compostela in Northern Spain is one of the Catholic Churches main sites of Pilgrimage, it too is said to be built on the site of a Temple to Jupiter.
Anyone familiar with my blogs will know that the number 4 is used shamelessly by the elite, when they plan the births of their own a 4 is near always included in the numerology, many of their false flags, Earthquakes and assassinations include the number 4 somewhere in the numerology. Eg. Princess Diana was killed on the 31st August, 3+1=4 August is the 8th month 4+4. Barak Obama and the Queen Mother were both born on the 4th August. The only number that they possibly use more is 11.
4/4/44 (4th April 1944), In WW2, British and American troops bombarded Bucharest and murdered 3000 civilians!
4/4/1949 Twelve Nations signed the North Atlantic treaty, creating the North Atlantic treaty organisation, more commonly known as NATO.
4/4/1968 Martin Luther King is assassinated.
4/4/1973 The World Trade Centre is officially dedicated!
4/4/1975 Microsoft is founded by Bill Gates and Paul Allen.
4/4/1975 Vietnam War: Operation baby lift, a US Air Force C-5A* crashes near Saigon, it was transporting orphans, 175 die!
C=3 5 A=1 3+5+1=9 The number of death! Meaning of the numbers 27 & 9
Wikipedia Link listing things that happened on the 4/4 throughout history.
http://truthseeker444.blogspot.com.au/2012/04/number-four-4.html
PS - Sorry to (Cut & Paste) snippets, best to (read the entire article) to understand the Power of Number ((4))
Obviously, I doubt it happening on the ((4th)) Day of March 2014, but one to put into your memory banks to refer to at a later date...:noidea:
skippy
3rd March 2014, 19:53
U.S. economy on schedule to crash March 4, 2014 ... !?
The number 4 means many things to many people, but from Antiquity it has been recognised as the God number by many people for numerous reasons.
No, the number 4 represents the material world. 1 is the God number. All the other numbers are manifestations, abstractions of the number One (http://en.wikipedia.org/wiki/The_golden_verses_of_Pythagoras).
superconsciousness
3rd March 2014, 23:53
We'll witness a continued buildup of tensions between the U.S. and Russia through the fall of 2014, culminating in a Mexican standoff on the nuclear front, but some "magical" breakthrough will diffuse tensions during the first quarter of FY 2015 (fall 2014). Then a global financial reset...then a re-balancing of the global economy. Blah, blah, blah...stuff happens.
superconsciousness
4th March 2014, 11:59
HAHAHA no collapse :)
http://www.marketwatch.com/
Alan
4th March 2014, 12:16
Watch http://pro.stansberryresearch.com/1402OILCHNGO/POILQ214/
On April 24th, 2014, China will unveil a secret new financial weapon, built to bankrupt millions of Americans
A decade in the works, this unique weapon will disrupt nearly every aspect of normal American life, with potentially devastating results. Learn what you absolutely must do now to prepare and protect your family…
=======================
That's the blurb from the description of the Porter Stansberry video...a bit over the top. Well, perhaps not, but headlines like that usually scare people away. it's addressing one possible currency war scenario. I suspect we'll continue to come across headlines like this until a full-blown economic collapse actually transpires, so this sort of stuff is nothing new, and will continue until "the end of usury" is fully manifest. At that point, most people will be on their own...so start working together now as much as possible.
Hi Surfer -- did you watch this? I'm assuming this is referring to a new gold-backed currency that will then become the world's new reserve currency?
http://www.lewrockwell.com/2014/03/gordon-g-chang/500-tons-of-gold-missing-is-china/
parcival
4th March 2014, 15:18
Looking at the Stock Market this morning -- up 200 pts -- guess the economic meltdown is off for a while.
gripreaper
4th March 2014, 15:24
Looking at the Stock Market this morning -- up 200 pts -- guess the economic meltdown is off for a while.
And gold and silver are getting slammed. Same BS, different day.
SilentFeathers
4th March 2014, 15:29
So much for the market collapsing today, seems a few big dogs are making some pretty pennies from an ugly situation.....they smile reaping the rewards of chaos and fear.......
US stocks rebound as Ukraine anxiety eases
(AFP) – 31 minutes ago
New York — US stocks Tuesday bolted higher amid easing Ukraine tensions after Russian President Vladimir Putin said he would send troops into Ukraine only as "a last resort."
Five minutes into trade, the Dow Jones Industrial Average jumped 186.72 points (1.15 percent) to 16,354.75.
The broad-based S&P 500 soared 20.93 (1.13 percent) higher to 1,866.66, while the tech-rich Nasdaq Composite Index blasted its way to 4,334.42, up 57.12 (1.34 percent).
https://www.google.com/hostednews/afp/article/ALeqM5gxAyP3EUmd9jBmpBBy0YE7jIngFw?docId=958a1a77-c285-4395-a73e-b03d1a0f5adc
(Reuters) - Russian equities, bonds and the rouble soared on Tuesday and Ukraine's assets rallied after Russian moves that investors took as a sign of an easing in East-West tensions.
http://in.reuters.com/article/2014/03/04/markets-emerging-idINL6N0M12IX20140304
https://lh3.googleusercontent.com/-E8HO1S19X1M/UxXtXZxAdoI/AAAAAAAAGoQ/jJlhIV6iqqo/w376-h531-no/1891044_637509122953034_1360220897_n.jpg
gripreaper
4th March 2014, 15:34
https://lh3.googleusercontent.com/-E8HO1S19X1M/UxXtXZxAdoI/AAAAAAAAGoQ/jJlhIV6iqqo/w376-h531-no/1891044_637509122953034_1360220897_n.jpg
My bet is the S&P rallies to 1929. The universe has a sense of humor, remember, it bottomed at 666.
SilentFeathers
4th March 2014, 15:40
These "doomsday dates" come and go like the wind, seems people would learn after a while that they will do anything possible to keep this system propped up, even starting wars or rumors of wars using chaos and fear to do it.
Eventually something will get to far outta control and it will collapse, but the game is in my opinion is to keep it propped up at ANY and ALL cost, even if they have to destroy and or kill us all to do it.
Chris Gilbert
4th March 2014, 22:51
Back in 2008-2011 I was following Austrian Economists religiously, and was prepared for the "big one" to happen any moment. We're still here, and I suspect that I would have made better choices over the past four years had I not had a "it's all hopeless" mentality. There's certainly going to be some tumultuous events down the road, and preparation is necessary, but I'm much more hesitant now when it comes to believing anarcho-capitalist/goldbug wetdreams or other sudden crash doomsday predictions.
Lettherebelight
4th March 2014, 23:09
Looking at the Stock Market this morning -- up 200 pts -- guess the economic meltdown is off for a while.
Yes, I guess things can't be that bad, Kerry just promised Ukraine a billion dollar loan. :confused:
http://world.time.com/2014/03/04/ukraine-united-states-aid-john-kerry/
Conchis
5th March 2014, 12:00
Looking at the Stock Market this morning -- up 200 pts -- guess the economic meltdown is off for a while.
Yes, I guess things can't be that bad, Kerry just promised Ukraine a billion dollar loan. :confused:
http://world.time.com/2014/03/04/ukraine-united-states-aid-john-kerry/
Not to nitpick this, but..... actually what Kerry is promising is not a Billion Dollars, the US is promising to sign a Billion Dollar loan guarantee...so, we're just extending the debt a little deeper. We're cosigning notes for other countries.
conk
7th March 2014, 18:09
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.
Limor Wolf
30th March 2014, 20:29
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.
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-flushes-the-us-dollar-russias-gold-ruble-payments-system-delinked-from-dollar/5375866
ThePythonicCow
1st April 2014, 18:54
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.
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-flushes-the-us-dollar-russias-gold-ruble-payments-system-delinked-from-dollar/5375866
This Global Research article was posted on its own thread here, as Putin Flushes the US Dollar (http://projectavalon.net/forum4/showthread.php?70027).
For the reasons that I explained here (http://projectavalon.net/forum4/showthread.php?70027-Sanctioned-Russian-Bank-Rossiya-Ends-Foreign-Currency-Operations&p=816950&viewfull=1#post816950), I changed that thread's title to Sanctioned Russian Bank Rossiya Ends Foreign Currency Operations (http://projectavalon.net/forum4/showthread.php?70027)
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.
Rocky_Shorz
1st April 2014, 19:09
don't you love when a thread of future destruction, has passed the doomsday date...
:cantina:
ThePythonicCow
1st April 2014, 20:09
don't you love when a thread of future destruction, has passed the doomsday date...
:cantina:
No problemo ... just move the date up: What I see coming for the next few years -- Post #75 (http://projectavalon.net/forum4/showthread.php?69322-What-I-see-coming-for-the-next-few-years.&p=817222&viewfull=1#post817222).
Rocky_Shorz
2nd April 2014, 19:00
well, if there is any truth to Sorcha's latest, it could be in motion...
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 (http://www.whatdoesitmean.com/index1759.htm)
http://www.whatdoesitmean.com/zpa4.jpg
http://www.whatdoesitmean.com/zpa2.jpg
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