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Will Iran Sanctions Herald the Fall of the Imperial Dollar?
Will Iran Sanctions Herald the Fall of the Imperial Dollar? When the Trump administration unilaterally pulled out of the Iran nuclear agreement in May 2018 and announced it would reimpose sanctions against Iran, the European Union (EU) declared its commitment to preserving the agreement and finding ways for its companies to circumvent U.S. sanctions. Now, […]
Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its […]
Trump’s trade war isn’t about trade anymore — it’s plainly about beating China in the next great war
Trump’s trade war isn’t about trade anymore — it’s plainly about beating China in the next great war President Donald Trump’s trade war with China started with tariffs and talk of trade deficits but quickly moved to addressing deep US national-security concerns about Beijing spying and stealing technology. In 2018, the US’s trade deficit with […]
NIRP, Cash Bans and Wealth Taxes Are Coming to the US
NIRP, Cash Bans and Wealth Taxes Are Coming to the US If you’re looking for a template for what’s coming to the US during the next crisis, Europe is the place to start. Europe has already imposed cash grabs via Negative Interest Rate Policy (NIRP). That’s where banks CHARGE you for the right to keep […]
The ‘Cartel’ Is Back: EU Accuses 8 Banks Of Rigging European Government-Bond Markets
The ‘Cartel’ Is Back: EU Accuses 8 Banks Of Rigging European Government-Bond Markets First it was the Libor-rigging cartel, then the FX exchange-rate manipulation cartel, now, European regulators have moved on to prosecuting “anti-competitive” practices in euro-denominated sovereign bond markets. One month after the European antitrust regulators charged Deutsche Bank, Credit Agricole and Credit Suisse of […]
Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE
Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE The debt crisis in the United States of America has reached apocalyptic proportions. A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending. According to a recent analysis of the 75 […]
Venezuela’s Citgo, Which Refines 5% Of US Gasoline, Is Weighing Bankruptcy
Venezuela’s Citgo, Which Refines 5% Of US Gasoline, Is Weighing Bankruptcy In the latest salvo to emerge from the escalating fight between the Trump administration and Venezuela’s ruling Maduro regime over control of the South American country’s state-owned energy assets, the WSJ reports that in order to protect its operations, Venezuela’s Citgo Petroleum is considering various […]
An Obituary: Fred Credibility
An Obituary: Fred Credibility As with many terminal patients the initial hope is that aggressive treatment would work and cure the patient. But when the one time emergency round of drugs didn’t cure the patient additional drugs were needed and turned the patient into a hopeless junkie. After multiple injections a sense of dread was […]
Europe Launches SWIFT Alternative To Fund Iran In Collision Course With Trump
Europe Launches SWIFT Alternative To Fund Iran In Collision Course With Trump In a move sure to unleash fury from the Trump administration, the European Union has announced it has set up a transactions channel with Iran to bypass US sanctions. The launch of INSTEX — or “Instrument in Support of Trade Exchanges” — by France, Germany, and the […]
Depopulation and Monetization…Like Peas & Carrots
Depopulation and Monetization…Like Peas & Carrots In contemporary, post world war II times, the process of depopulation is the declining number of births pitted against significantly longer life spans of the existing population. Given this, depopulation starts from the declining quantity of young and slowly works its way up the population. So, as depopulation is […]
A World of Debt–Where Are the Risks?
A WORLD OF DEBT – WHERE ARE THE RISKS? Private debt has been the main source of rising debt to GDP ratios since 2008 Advanced economies have led the trend Emerging market debt increases have been dominated by China Credit spreads are a key indicator to watch in 2019 Since the financial crisis of 2008/2009 […]
Bank of England tears up its Gold Custody contract with Venezuela’s central bank
Bank of England tears up its Gold Custody contract with Venezuela’s central bank In early November 2018, it first came to light that the Bank of England in London was delaying and blocking the withdrawal of 14 tonnes of gold owned by the Venezuelan central bank, Banco Central de Venezuela (BCV). At the time, Reuters […]
Government Shutdown Reveals Nasty Truth About Americans’ Savings
Government Shutdown Reveals Nasty Truth About Americans’ Savings The temporarily-ended government shutdown didn’t have had a large effect on the U.S. economy, but it may have revealed something disturbing about the savings of 80% of Americans. They aren’t prepared if the economy get worse. MarketWatch published some recent findings in an op-ed (emphasis ours): Why do a few […]
The TBAC Is Suddenly Worried Who Pays For $12 Trillion In US Deficits… And The Dollar’s Reserve Status
The TBAC Is Suddenly Worried Who Pays For $12 Trillion In US Deficits… And The Dollar’s Reserve Status Today at 830am the Treasury Borrowing Advisory Committee (aka the TBAC, which many years ago we dubbed the Supercommittee That Really Runs America, an assessment which 8 years later Bloomberg now generally agrees with) “released minutes of its Jan. […]
Global Collapse Accelerating Buy Gold Now – Chris Martenson
Global Collapse Accelerating Buy Gold Now – Chris Martenson By Greg Hunter’s USAWatchdog.com Futurist and economic researcher Chris Martenson says a collapse is “a process, not an event.” Martenson contends the long awaited global collapse, on many fronts, has not only started, but is picking up speed. Martenson says, “Our prediction at PeakProsperity.com is these collapse […]
