What the hell is wrong with you USA? You let Ron Paul slip away, and he possibly was the only decent choice you ever had for president of your barbaric country.
Yankees go home indeed! Mind your own business, and fix your own problems before you open your mouth on the world stage. Pathetic war mongers, liars and hypocrites, that’s what you are made of USA!
Oh, and China is no better. I shudder to think what will happen when it becomes the next superpower.
May 11, 2016
For the third time in seven months, the US has sent a warship to challenge China in territorial waters it claims in the South China Sea. The US claims its purpose is to keep shipping lanes open, while China arguably benefits as much as anyone from trade going in and out of the region. Similar to US military operations off the Baltic coast, this latest clash in the South China Sea resulted in military jets being dispatched to send a message. With its interventionist policies toward both Russia and China, is the US opening itself up to the unintended consequences of pushing Russia and China closer together in opposition to the US empire? Can the countries in the region not better solve these disputes without US involvement?
It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as Vladimir Putin’s
It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as Vladimir Putin’s “dream” of ruble-based pricing of its domestically-produced oil is on the verge of realization. SPIMEX (The St. Petersburg International Mercantile Exchange) is actively courting international oil traders to join its emerging futures market, which as Bloomberg reports, is designed “to create a system where Russian oil is priced and traded in a fair and straightforward way.”
Step-by-step Russia, China and other emerging economies are taking measures to reduce their dependence on the US dollar, and as SputnikNews detailed, F. William Engdahl warns – referring to Russia’s crude oil benchmark initiative – this move could deal a dramatic blow to the “petrodollar’s” dominance.
Russia has taken a significant step which will undermine the current Wall Street oil price monopoly: Russia’s own crude oil benchmark futures contract will price oil in rubles and no longer in US dollars, American-German researcher, historian and strategic risk consultant F. William Engdahl remarks.
“The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy… It is part of a de-dollarization move that Russia, China and a growing number of other countries have quietly begun,” the American researcher writes in his recent article for New Eastern Outlook.
He explains that the setting of an oil benchmark price is a cornerstone of the method used by omnipotent Wall Street bankers to control world oil prices. “Oil is the world’s largest commodity in dollar terms,” the historian stresses.
Engdahl focuses attention on the fact that the sale of oil denominated in US dollars is essential for the support of the American currency’s leading role. Indeed, the US dollar’s status as world’s major reserve currency is one of two pillars of Washington’s hegemony since the end of the Second World War (the other one is the US military supremacy), the historian emphasizes.
“Today, prices for Russian oil exports are set according to the Brent price in as traded London and New York. With the launch of Russia’s benchmark trading, that is due to change, likely very dramatically. The new contract for Russian crude in rubles, not dollars, will trade on the St. Petersburg International Mercantile Exchange (SPIMEX).”
With permission from
Catherine Austin Fitts in her latest interview said that the current level of incompetence combined with the greed of crony capitalism forces her to conclude we will have a major financial meltdown by the end of next year.
Previously, she had told Greg Hunter that the Powers That Be stole $40 trillion from us and that they would steal tens of trillions more before the Dollar Died. In the past she always said that TPTB would manage to hold things together while they looted the American economy. She has said they have stolen money by the hundreds of billions every year from American taxpayers. Catherine called this massive theft the Slow Burn. Other economists were worried about predicting the year when the Dollar Died but not her. She sees the coming collapse as the result of the incompetent management of our banking and Treasury officials.
She has said that before George W Bush became President she decided to meet clandestinely with a man who also managed large funds. Catherine Austin Fitts had been the Managing Partner at Dillon Read Investment Bank before she became Housing Secretary in the first Bush administration. She had concluded that so much money had been stolen from pension funds that TPTB must be planning genocide rather than to make restitution for the retirement funds of tens of millions of Americans they had pilfered. She met her friend who had a similar financial background to discuss these disturbing facts. He agreed with her interpretation of events. Genocide of Americans was definitely on the agenda.
But she is optimistic about the future. If we avoid war, there are 7 billion people outside America who will wake up after the economic collapse wanting to go to work. America has had the ability to print the world’s only international reserve currency. This has allowed Americans to buy things for free from foreigners. It has also allowed Wall Street to fund their imperial wars and to have occupying military bases in nearly 150 countries. The US spends almost a trillion dollars a year on war if you count supplemental appropriations, retirement and veterans healthcare. That is to be compared to Russia which spends $52 billion a year on defense.
Catherine is aware of the banks and drug running. She wrote Narco Dollars for Beginners years ago. She analyzed the buyout of R J Reynolds tobacco company by Kohlberg, Kravis and Roberts. She noted that the terms made no sense for the buyer until you factored in the enormous profits to be made from laundering illegal drugs and weapons money. If you wanted to make an illegal weapons or drug sale or to get money to terrorists, you could buy a few truck loads of cigarettes which could be sold on the black market anywhere for local currency. There is so much drug money in circulation that we need to account for it in our economic models. Recently, I wrote of the secret Black Ops slush fund that bought a trillion dollars in US Treasury bonds over the past year from Central Banks who had begun Dumping Dollars.
She says we will have to re-engineer our budget but we should do that honestly by first acknowledging the theft of tens of trillions of dollars from taxpayers. Otherwise you would have to balance the budget on the backs of the people who had been robbed by TPTB. She said the Debt-Growth Game is over. We need Openness to overcome Secrecy. Large corporations and Banks have been given Free Money while small businesses have a cost of capital 30 times as great as J P Morgan and Goldman Sachs. To get back to productivity we have to bring down the whole edifice of Secrecy and Privilege.
The problem with the United States economy is that the Elite are free to kill and steal. She sees the Democratic triumvirate of Bill Gates, Warren Buffett and Hillary Clinton as the standard bearers of crime and corruption in government. But the same Crony Capitalism runs the Republican party except for Trump. She views Sanders positively.
She sees Trump’s appeal to those reject both vaccines and Common Core and the harm they do to our children. Trump and Sanders both appeal to those who adamantly reject Crony Capitalism. We will not survive as a people if the TPTB remain in power. She wants nothing to do with the software Bill Gates provides us with backdoors for the NSA and interested hackers.
Catherine emphasized that the General Public supports the Central Bank Warfare model as long as they can pretend they are not responsible for it. The Petrodollar is dying. It is the Narco Dollar and illegal weapons sales that prop up the American banks.
She described the ideal for TPTB as Free Range Totalitarianism as opposed to FEMA Camps and martial law. An economic meltdown would be very bad for the current leadership. We can have a peaceful transition to a New Economy if we have the right people running the government.
She sees TPTB as being very afraid for their future. She sees decentralization as the solution. Catherine often remarks that we have over 3,100 counties in the US. We need to allow the counties to get more control over the federal budget. When she was at the Housing Dept, she saw that homes could be remodeled for $50,000 while the government was spending $250,000 per unit for public housing. She discussed this with others in Washington but their attitude was that the Housing Dept was there to generate fees for their campaign donors.
She is hopeful for the future if we can re-engineer the government.
When an economy crashes, Unpayable Debts are cancelled en masse. There are 3 ways to cancel Unpayable Debts. The first two are very painful. In 1923 Germany they tried Hyperinflation. In 1933 America we tried default through bankruptcy and foreclosure. 3 million Americans starved to death in the Great Depression. There is a better way. The Babylonians and the Sumerians before them cancelled debts through government action. The Bible writers called this the Jubilee. When we re-engineer the government, we will need a modern version of a Jubilee. Please consider this:
I have been following the works of Catherine Austin Fitts for more than a decade.If you want to read more about her, please consider this:
When we re-engineer the government, we will need to replace our banking and monetary system. Two IMF economists looked at a plan first suggested in 1933 and found it would work very well. I wrote about that here:
I mentioned that secret US Black Ops slush fund that used drug money profits to buy a trillion dollars in American Treasury bonds over the past year. You can read about that here:
This is the video interview with Catherine.
Just because stocks go up for a day or two does not mean the crisis is over…
February 28th, 2016
The beginning of 2016 revealed what some have known for quite some time – financial markets are an epic disaster just waiting to be realized. With stock indexes having rebounded somewhat since the initial meltdown, financial pundits and mainstream analysts would have us believe that the worst of it has passed. But don’t be fooled, warns Economic Collapse Blog publisher Michael Snyder in his latest interview with Future Money Trends, because we’re still in the early chapters of what may be the most devastating financial, economic and monetary collapse in history:
A total of $16.5 trillion dollars had been wiped out from stock markets around the world… that doesn’t even count bonds and other things. So we have seen this massive amount of wealth wiped out globally… almost as much as the U.S. national debt.
Of course, the past few days we’ve seen a bounce back… markets never go down in a straight line… If you go back to 2008, the two best days in terms of a point increase in U.S. stock market history were right in the middle of the Crash of 2008… just because stocks go up for a day or two does not mean the crisis is over.
In my perspective we’re still in the early chapters… all of the red flags are still screaming that a lot more is to come… the entire global economy is imploding.
As the collapse takes hold we can expect unprecedented maneuvers from our monetary masters. With central banks preparing to introduce negative interest rates, for example, savers and bank account holders will actually be paying for the privilege of keeping their money in the bank. The likely response, as we witnessed with a run on personal safes in Japan, is that people will simply take their money out of the bank and hold it in cash.
But such a work-around will be short lived, explains Snyder, because they’ll simply outlaw certain cash transactions or ban them altogether, which is, incidentally, the very recommendation we’ve heard in recent weeks from large financial institutions and ‘renowned’ economists. Of course, they argue that banning cash will stop drug dealers and tax dodgers, but as Snyder explains, such a ban is being specifically designed so that they can take total control of not just our currency, but every aspect of our lives:
This sets up the kind of scenario where all of a sudden the government becomes the gatekeeper… they can say ‘alright, if you want to use the system, then we can put some conditions on you for using the system. You’ve got to comply what we’re demanding of you or else you can’t have a bank account, you can’t get a job, you can’t buy, you can’t sell, you can’t participate in this electronic digital system.‘
We can only speculate that control of such a digital currency system will necessitate the implementation of ‘beast technology’ that may include forced embedding of tracking chips into the general populace. That may sounds conspiratorially crazy, but so too did the notion that physical cash will be banned around the globe… until a few weeks ago.
But never mind that global trade has collapsed or the widespread job losses, because the average person on the street really won’t believe it until the stock market tells them something’s wrong.
That day is certainly coming. The only question is, who will be blamed when it does?
We all know it could not possibly have been the machinations of central banks, Western governments and entrenched financial firms that are responsible for global economic malaise.
As Michael Snyder notes, there is a huge wild card in the middle east right now and the very scapegoat the elite need to set this whole thing in motion is just waiting for the green light:
The Russians have already warned Turkey that they are willing to use tactical nukes to keep forces away from Damascus… so the Russians have nukes… Saudi Arabia has nukes… And many people believe Iran already has nuclear weapons.
So we’re talking about a situation where we can potentially see nuclear war in the middle east, at least to a limited degree.
What would that do to the global economy and financial system?
This is a huge wildcard.
It’s something to keep an eye on…
Make no mistake, those who have orchestrated the fleecing of America, Europe and the rest of the world have absolutely no intention of admitting they are responsible for the disaster to come. As Future Money Trends suggests, a tactical nuclear war would be the perfect out for central banks and Keynesian economists.
One way or the other, regardless of the catalyst, the system as we know it today and how we operate within it is about to change drastically.
You can follow Michael Snyder at The Economic Collapse Blog.
For more news, commentary and interviews like the one you just watched subscribe to Future Money Trends.
Witnessing the demise of an empire…
While the USA is having its recurring four-year idiocracy orgy, I mean, its elections for a new “leader”, Russia and China are redesigning the real new world.
According to data from RBC Capital Markets, the Saudi share of Chinese crude imports at the beginning of the decade was about 20 percent, while Russia’s was below 7 percent. The situation has changed.
“Russia is the biggest rival to the Saudis in the single-largest oil demand growth country in the world,” Michael Tran, RBC Capital Markets’ commodity strategist told Business Insider.
“The rising tide of Chinese growth has meant that notional volumes for both countries have increased in the years since, but Russia’s gains have been outsized,” he added.
Tran said Saudi Arabia now finds itself “neck and neck with Moscow for the lead in Chinese market share, with both jostling in the 13-14percent range, yet the momentum resides with the latter.”
Over the past five years, Saudi Arabia increased exports to China by only about 120,000 barrels a day while Russia managed to increase exports by 550,000 barrels a day in the same period.
Russia managed to overtake the Saudis as the biggest crude exporter to China four times in 2015. In the past five years Saudi Arabia has lost the top spot only six times.
Statistics from China’s General Administration of Customs (GAC) showed that in December Beijing bought 4.81 million tons of crude oil from Russia. The volume was up 30 percent compared with the previous year.
Imports from Saudi Arabia dropped 1.2 percent year on year to 4.47 million tons. The fall was blamed on a hike in the official Saudi selling price and the closure of several large Chinese refineries for planned overhauls.
“Saudi Arabia is losing its crown as its selling prices in Asia haven’t been attractive enough,” Gao Jian, an analyst at SCI International, a Shandong-based energy consultant, told Bloomberg back in June.
Analysts say that Russia’s readiness to accept Chinese yuan as payment for its oil is one of the key tipping points.
In November, the Central Bank of Russia included the Chinese yuan in its reserve currency basket.