Something’s got to give! When is the collapse coming?
Gold Price Suppression didn’t work! It rose against all currencies, except USD! CrudeOil at half its (inflated) price. Wall Street Big Banks can declare a profit & hand out bonuses if they can get free money from the Federal Reserve. Otherwise, not!
If Euro crashes, how long can US stand? US banks will have to declare bankruptcy because many of their customers, i.e., Europeans are bankrupt. They only have the US derivatives that are no use to anybody!
Any which way, EU will be gone for good and World Government proponents will be screwed!
CBI remains Caged Parrot! Huge number of people acting in concert makes Coal Scam’s an open-n-shut case
Saudi Arabia joins Russia, which buys gold with export earnings, by rejecting US dollar & finally paying bills with $750 billion forex reserves
This is not a bet on oil. This is a bet on US dollar.
The use of dollar as a global reserve currency has enabled America to issue counterfeit portraits of their dead presidents as IOUs that are never actually paid back. While other countries have to pay back their loans, America doesn’t have to because other countries pick up the tab by refusing encash their export earnings and buying US treasuries and other IOUs instead.
Now, one country, Saudi Arabia is taking the first step in unraveling the inverted pyramid built up by America. Or, so it seems. The House of Saud is a creation of British Petroleum aka Rothschilds. The Saudi royal family relies on American troops to impose its will on the country. They are in effect America’s bitch but American Presidents and politicians don’t know that. The Presidential staff deputed from CFR brainwashes the US president and his original coterie that the when Saudis demand it, US needs to bend over. This is why you see everyone from Bush to Obama bending so much (really the photographs don’t lie) when they meet the Saudi King.
US troops are stationed in Saudi Arabia under an arrangement with the Britain. For certain historical reasons, Britain cannot fulfill that role and US being their bitch is happy to oblige. If US withdraws its troops, the House of Saud will be wiped out. The troops on loan from Pakistan will not be of help as they will be immediately put to sword by the locals – Arabians, not “Saudis”.
So, it is perplexing what is happening. Saudi Arabia ran a deficit when oil was above 100. Now, oil is below 50. That means Saudi Arabian government will have to issue IOUs like the Americans or make the American’s pay on their IOUs. They seem to be doing the latter that is expending the reserves.
The crashing oil price has attracted a lot of attention but no one seem to be talking about the 800-pound gorilla in the room – DERIVATIVES. Oil price went above 100 because of futures. A lot of derivatives was tied to the price of oil. Now that oil price has crashed, what happened to the derivatives. Wall Street banks are bankrupt. They have liquid cash only because the private Federal Reserve is issuing money at no interest. The slide in oil price may also be because the Rothschilds are unable to depress the price of gold and oil derivatives are unwinding, which will have its own catastrophic effect soon.
Now, if Saudi Arabia wants to be paid on their American IOUs (treasuries and such), they can’t be issued more American dollars (cash account credits). All countries buy dollars only to pay for oil. Now, if the oil producer does not like to be paid dollars, where does it leave America?
Something similar has happened in Russia too. Russia bought a lot of gold, allegedly more than what they were paid for their oil. That means two countries have rejected the US dollar. Usually, this is followed by a US invasion but in Saudi Arabia’s case, this doesn’t look to be in the offing. At one point, it looked like Iraq would fall to ISISrael and take Saudi Arabia next but ISIS fellers seemed to have bogged down fighting just Syria and are on schedule to fizzle out of energy soon. Is that the best America can do? It is no longer a superpower. Obama, that Kenyan fraud, has thoroughly taken revenge on America – apart from getting it run over by Mexicans. Now, international bankers can bury the US dollar and replace it with a global currency. Not SDRs. SDRs are still based on a basket of currencies. They need to eliminate all national currencies. Let’s crash America and with America crash everyone else. Let’s get it over with. It is a prolonged tragedy that is taking comic proportions with every passing day.
Did P Chidambaram invite select journalists at Taj Hotel & tell them to go mum on Aircel case, as Subramaniam Swamy says?
Putin’s Russia should increase import duties, adopt Tobin tax, buy gold with US treasuries, oppose economic sanctions as crimes against humanity
At UN security council, Russia had many times joined the US in imposing economic sanctions on other countries. Now, US has imposed sanctions on Russia itself. Russia should learn from this.
Western governments that made Russia dependent on imports over two decades have now imposed sanctions as well.
Globalisation and interdependence is a trap set by international bankers to ensure their debts are paid and those who oppose them are punished.
With abundant oil and gas, Russia should not have a currency problem. If it does, something is seriously wrong.
Putin, don’t sell dollars to defend rouble! Turn tables on them – Russian central bank should sell US treasuries & buy gold
The dollar pile will get exhausted quicker than you think.
However, now that you to sell US IOUs, buy gold rather than your own currency.
Let the fools who are betting against the rouble stretch themselves to the max.
Open multiple fronts in your fight rather than let the enemy set the course.
You can defend your currency with gold to great effects later.
What’s the point of storing gold with the New York Federal Reserve when they won’t deliver it?
If you are an abject client state like Germany, you will never get back to your gold. Still believe in the charade?
There is no gold folks! It’s plain and simple.
The road to hell is paved with good intentions.
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Movie Review – Darkness In Tallinn – More thrilling and entertaining than any Hollywood/Bollywood movie
Have you ever seen a guy disappear into a puddle of molten gold?
It is 1991. The Soviet Union is breaking up. Estonia is getting free from the Socialist world and becoming a nation of its own. Its share of national gold is being brought back to the capital Tallinn. A group of conmen (who probably sold counterfeit cigarettes) decide to hijack the consignment before it reaches the vault. That’s where the hero, an electrician the city’s electricity hub is brought into the conspiracy. He is made to create a blackout and the gold disappears. The conmen bring the gold into their cigarette factory, melt it, and turn into cigarette shaped pieces – fully wrapped in cigarette paper and packed into cigarette box. I forget the ending. It was great.
The production values was very high. I was surprised it was made in Estonia, a former Soviet state. It had more thrills, explosions, and destruction than most Hollywood movies I had seen. For Indian audience, there was a bit of romance and heart-tugging sentiment. It was shown on DoorDarshan as part of its coverage of an international film festival at that time.
Space turtle Janet Yellen pees all over my predictions with her Plunge Protection Team’s incessant money printing but gold price manipulation is nearing its limit
That is if $1350 (according to Reuters) is really the cost of gold extraction, as these guys are claiming.
Reuters is neck deep in decades-old price-reporting scam involving many commodities.
Most financial types, even those who had spent their entire working years on the trading floor, will be shell-shocked if they learned how opaque, open-to-misuse and unbelievably low-tech some of the fundamentals on which the world economy operates on.
Every time free money is available American stocks recover. When they try ease off money printing, stocks fall. It is not hard to guess something might be wrong but nobody wants bad news. Be positive.
It is on you fools that we make our money. Don’t give up now.