The nation’s unemployment rate sank in April to the lowest rate since December 1969, but the milestone comes with a big caveat: The decline stemmed from more people quitting their search for work. The jobless rate slipped to 3.6% last month from 3.8% in March, continuing a long downward arc from a 27-year high of…
Tag: china
China And Russia On Gold: The Quiet Revolution
There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its demise as the world’s reserve currency, but there is certainly a move away from it in…
OPEC Shuts Down Oil Shipments To U.S. Refiners: Iraqi Oil Surges
U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels…
Chinese Petroyuan To Replace Rothschild Deep State Petrodollar
Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that by replacing the word dollars for yuan. Nations, of course, have tried this before since the system was set up by former US Secretary of State Henry Kissinger in tandem with the House of Saud back…
Iraq’s Largest Oil Refinery Complex In Bayji Being Prepared To Be Placed Back Online: Iraqi Oil Sales Surges Surpassing Saudi Arabia As Fastest Growing Market
Iraq began to rebuild its largest oil refinery this week, jumpstarting an effort to reconstruct the country after a three-year war with the [CIA Mossad Proxy Army ISIS aka] terrorist Islamic State, an announcement from the oil ministry said. The Baiji complex should produce 70,000 barrels of oil per day upon completion, ministry spokesman Assem…
Gold’s Global Supply Artery: Declining Supply Heading For Cardiac Arrest With Increasing Demand Vs Debt Clock
An oceanic-scale demand push from “all parts Far East” is building, as the desire to own gold and silver promises to place an increasingly solid foundation for years to come. China, India, and Southeast Asia have historically accumulated precious metal as a savings vehicle, a hedge against political uncertainty (e.g. India’s surprise call-in last year…
Texas Shifts Away From The Federal Reserve: State’s New Silver Gold Bullion Depository
AUSTIN, Texas (Nov. 15, 2017) – The Texas Bullion Depository took a step closer becoming operational earlier this month when officials announced the location of the new facility. The creation of a state bullion depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that…
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…
BitCoin, China, Cryptocurrency, Currency, Debt, Economy, Gold, Precious Metals, President Putin, President Xi Jinping, Rothschild, Silver
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…
