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Cashless Society War Intensifies During Global Epocalypse
Cashless Society War Intensifies During Global Epocalypse In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. This bold prediction is based on trends in nations all over the earth as shown in the article below. As we enter 2016, we are only beginning to see this Epocalypse […]
Bank Of Russia Calls “Emergency” Meeting To Address Ruble Rout
Bank Of Russia Calls “Emergency” Meeting To Address Ruble Rout Earlier today, we highlighted a dramatic plunge in the Russian ruble which has crashed to record lows against the dollar after staging its steepest two-day decline in nine months. The sharp (and seemingly inexorable) decline in crude prices combined with Western economic sanctions and geopolitical turmoil have […]
We Know How This Ends, Part 2
We Know How This Ends, Part 2 In March 1969, while Buba was busy in the quicksand of its swaps and forward dollar interventions, Netherlands Bank (the Dutch central bank) had instructed commercial banks in Holland to pull back funds from the eurodollar market in order to bring up their liquidity positions which had dwindled […]
We Know How This Ends, Part 1
We Know How This Ends, Part 1 The finance ministers and representatives of central banks from the world’s ten largest “capitalist” economies gathered in Bonn, West Germany on November 20, 1968. The global financial system was then enthralled by a third major currency crisis of the past year or so and there was great angst […]
War On Cash Escalates: China Readies Digital Currency, IMF Says “Extremely Beneficial”
War On Cash Escalates: China Readies Digital Currency, IMF Says “Extremely Beneficial” Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world’s money […]
Greece’s Two Currencies
Greece’s Two Currencies ATHENS – Imagine a depositor in the US state of Arizona being permitted to withdraw only small amounts of cash weekly and facing restrictions on how much money he or she could wire to a bank account in California. Such capital controls, if they ever came about, would spell the end of […]
2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies
2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies. We all know money is created and distributed by governments and central banks. The reason is simple: […]
2016 Is “Terminal Phase of Most Destructive Ponzi Scheme” in History
2016 Is “Terminal Phase of Most Destructive Ponzi Scheme” in History This article was written by SGT and was first published at SGTreport.com. Editor’s Comment: Most anyone who follows the economic news already knows that the signs of collapse are all over the wall, but what numbers and statistics on paper can’t convey is the pain […]
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing The only real solution in my view is to create and distribute money at the base of the pyramid rather than to those in the top of the pyramid. Many well-intended people want to reform the status quo for all sorts […]
Voluntary Enslavement
Voluntary Enslavement In recent years, I’ve been predicting that the governments, particularly those of the EU and US, will seek to eliminate paper currency. The objective will be to make monetary transactions between private parties as difficult as they can, by requiring that all transactions take place through financial institutions. If they can do this, […]
Reinventing Banking: From Russia to Iceland to Ecuador
Reinventing Banking: From Russia to Iceland to Ecuador Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items: In Russia, vulnerability to Western sanctions has led to proposals for a banking system that is not only independent of the […]
Debunking Anti-Gold Propaganda
Debunking Anti-Gold Propaganda A meme is now circulating that gold is the investment equivalent of a pet rock, and that the smart investor should sell gold, and buy stocks. That’s a ridiculous notion. In fact, if you believe in buying low and selling high, this is the time to buy gold, and sell stocks. It […]
Switzerland To Vote On Ending Fractional Reserve Banking
Switzerland To Vote On Ending Fractional Reserve Banking One year ago (and just two months before the shocking announcement the Swiss Franc’s peg to the Euro would end, dramatically revaluing the currency, and leading to massive FX losses around the globe and for the Swiss National Bank) the Swiss held a referendum whether to demand that their […]
A Free Market in Interest Rates
A Free Market in Interest Rates Unless you’re living under a rock, you know that we have an administered interest rate. This means that the bureaucrats at the Federal Reserve decide what’s good for the little people. Then they impose it on us. In trying to return to freedom, many people wonder why couldn’t we […]
