Category: Economy

Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t Serve Any Socially Useful Function

Bitcoin [Very Much Like Non Physical Silver Gold Fiat Paper Rigging Allowed At The Comex] is now operating in the realm of the Madoff Ponzi scheme: Plenty of people understand that it’s going to collapse because it is based on an unsustainable illusion. Plenty of people are warning regulators to not allow this illusion to…

Why Silver & Gold Are Not Presently $728.00/Ounce & $5,996.00/Ounce Respectively: The Economy Is One Big Scam

US Debt Clock You could wrap $1 bills around the Earth 79,922 times with the debt amount! If you lay $1 bills on top of each other they would make a pile 2,242,204 km, or 1,393,241 miles high! That’s equivalent to 5.83 trips to the Moon! China Launching “Petroyuan” In Two Months 12/2017 U.S. Dollar Has…

U.S. Dollar Has Declined To 1/1300 Ounce Of Gold Since 1971

Gold And The Dollar Devaluation? 1)   Voltaire said over 200 years ago, “Paper money eventually returns to its intrinsic value – zero.” 2)   The value of the U.S. dollar has declined from about 1/40 of an ounce of gold to its current level of about 1/1300 ounce of gold since 1971. 3)   Because central bank…

China Launching “Petroyuan”

The writing is on the wall for dollar hegemony. As Russian President Vladimir Putin said almost two months ago during the BRICs summit in Xiamen, “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial…

South Korea’s Silver Hi-Tech Exports: Economy Grows At Fastest Rate In 7 Years

South Korea’s economy outpaced earlier growth expectations due to a rise in silver semiconductor exports. Defying the elevated political tensions on the Korean Peninsula, South Korea’s economy has accelerated to its fastest rate in seven-years driven by robust domestic retail sales, as well as a pick-up in foreign trade. This brings the nation’s monetary policy into the spotlight, with investors and policymakers alike getting…

Russia Buys 34 Tonnes Of Gold In September: Learn To Invest like the Russians They Already Dealt With Rothschild Deep State

– Russia adds 1.1 million ounces to reserves in ongoing diversification from USD – 34 ton addition brings Russia’s Central Bank holdings to 1,779t; 6th highest – Russia’s gold reserves are at highest point in Putin’s 17-year reign – Russia’s central bank will buy gold for its reserves on the Moscow Exchange – Russia recognises gold’s role…

Russia & China Using Gold To Pave The Way To Economic Independence

China wants to dethrone the dollar. But of course, it’s not alone. Russia would also love to knock the US off the top of the economic mountain. Putin is also positioning his country to free itself from the dollar-dominated global financial system. Like its neighbor to the east, Russia is using gold to pave the…

GDP Is Bogus: Deep State Phoenix Eats Only Silver And Shits Only Paper

Here’s a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation. The theme this week is The Rot Within. The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The prime “proof” of rising prosperity…

Lawsuit JP Morgan-Jamie Dimon: $Billions In Fines For Mortgage Fraud Then Caught Paying Fines Using Phony Mortgages

A lawsuit against JP Morgan-Chase — the nation’s largest bank — asserts that the institution paid off the $4,200,000,000 in mortgage forgiveness that it agreed to as a settlement for widescale mortgage and foreclosure fraud by committing a lot more mortgage fraud, in which homeowners, ethical lenders, and American cities were stuck with the bill. The original…

Corporate Stock Buybacks Using Borrowed Fiat USD: Parasitize The Economy Distorting Charts Into Bubbles

The monster of economic waste – over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations – started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall Street CEO, redefined…

Iraqi Oil Surges 30% To China & 23% To India Surpassing Saudi Arabia As Fastest Growing Market

Iraq is gaining the edge over Saudi Arabia in the world’s fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets. Iraq was the top crude supplier to India for a third month in May, shipping 1 million barrels a day, according to shipping data compiled by Bloomberg. Iraqi supplies accounted…

Silver & Gold Are Physical Not Fiat: Central Bankers Would Rather Reset Into Another Fiat Contrivance Than Face Justice!

With one foot out of the door of Germany’s finance ministry, the former head of the German economy, Wolfgang Schäuble, 75, delivered a fire and brimstone warning over the weekend, telling the FT in an interview that there was a danger of “new bubbles” forming due to the trillions of dollars that central banks have pumped into…

President Putin Reduces Debt Load For His Country: Federal Deficit Shrunk 6 fold In 9 Months

MOSCOW, October 9. /TASS/. Russian President Vladimir Putin directed the government to undertake measures for restructuring of accrued regional debts to the federal budget, the Kremlin website says on Monday. In particular, it is planned to provide an opportunity for regions to repay debts to the federal in seven years by making annual installments: 5%…

Group Intervention Needed: Cabal’s Private Central Banks Running Wild

Rothschild Flunky ~ John Keynes. Developed Keynesianism And replaced Capitalism For The Foreign Owned Fed Reserve. At the time of writing, the pace of expansion of the main central banks in the world exceeds $200 billion per month. In fact, in the first four months of 2017, central-bank asset purchases have surpassed the $1 trillion…

The Core Imperative Of The Deep State: Expand Control

Memories Of History: When The People Get Fed Up! ` We can add a third certainty to the two standard ones (death and taxes): ` The rules will suddenly change when a financial crisis strikes. Why is this a certainty? The answer is complex, as it draws on human nature, politics and the structure of…