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With Greek default, ECB may invoke ‘Cyprus option’ and induce bank bail-in on depositors

As the final day arrives for Greece to either pay, or default on their IMF obligations, the European Central Bank (ECB) is threatening a two-fold scenario that proves once again that the technocracy that is the European Union is interested only in protecting banks at the expense of the people.  And besides the given option of shutting off liquidity through their Emergency Liquidity Assistance (ELA) to Greek ...

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IMF begins process for bringing Chinese Yuan into the SDR

On June 14 the IMF sent a team of analysts to Beijing to begin the process of determining whether the Chinese Yuan will become part of the Special Drawing Rights (SDR) basket of currencies.  Already progressing quickly as a globally used trade currency since 2009, the Yuan or RMB is now looking to make its mark in one of the most important financial institutions in the West. Since December of last year, the ...

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America’s global empire remains intact despite calls from locals to close base on Okinawa

America is no longer a beacon of freedom to the rest of the world, but an empire built along the same foundations of past civilizations where authority and rule flowed out from the center to nearly every inch of the globe.  And like Rome's once great dominion over Europe, the Near East, and even parts of Africa, to the British extending their hand over enough locations where literally the 'sun never set' wi ...

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Bloomberg confirms Jim Sinclair’s $50000 gold prediction if China backs currency with metals

A few years ago, the well respected precious metal analyst Jim Sinclair issued a prediction that the price of gold could be valued as high as $50,000 per ounce should the markets be let loose and free to find true price discovery.  On May 27, that prediction was suddenly confirmed by Bloomberg who determined that if China were to back their currency with gold, the price would need to be valued 50 times high ...

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China is on the edge of become a full fledged trade currency with IMF acceptance meaning potential end to the dollar

Over the past three years the Chinese Yuan (RMB) has grown as a global trade currency from a starting point of around 3%, to its current level of over 12%.  And with 60 central banks around the world investing in the Yuan, and 30 nations having direct currency swap lines for the RMB, China is right on the cusp of exploding into a full fledged trade currency to not only compete with the dollar, but to summar ...

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Europe looks East by hiring better educated Chinese workers to get foothold in future economy

It is pretty much a given that the American empire had peaked in the 20th century and is on the steep path of decline.  While at the same time, China is rising in ascension towards becoming the next leader of the global economy.  Yet besides the shocking move by most European countries in joining the Asian Infrastructure Investment Bank (AIIB) in April, it appears another shift is taking place, and lays bar ...

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J.P. Morgan accumulating hundreds of millions of ounces while paper market price remains low

As we have noted many times in our writing, if you want to become rich, watch and do that the rich do when it comes to investments.  And despite the fact that banks like J.P. Morgan have used the paper Comex market to short the spot price and protect their paper derivative positions for several years now, one thing is for certain, they are not discounting ownership of physical silver and in fact, have accum ...

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Is the IMF trying to beat China in the creation of a new reserve currency?

Earlier this year, China announced that they will have their new SWIFT system fully functional by either September or October and can then fully float the Yuan currency worldwide.  Many are believing that once SWIFT is up for the world's largest economy then it will be the end of the dollar as the global reserve currency. However, a new report out from Stansberry Research is alleging that the IMF is not pla ...

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Obama denies China’s right to determine laws for future of global economy

Despite the resounding rejection of the U.S. and the West's monetary institutions by 57 major economies earlier this month, President Obama is choosing to double down on the failing empire by stating that it is America, not China, who should determine the future of the global economic system and write the laws that will function in the next monetary system.  In fact, the President's strong words come at a t ...

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If it wasn’t for America’s vassal state Japan, only the Fed would be buying U.S. debt

When China and Russia stopped buying U.S. debt and began dumping it through the offshore exchange known as Euroclear, the Fed needed someone else to step in to mitigate a complete monetization of their money printing activity.  So Washington called upon their only remaining vassal state capable of sucking new Treasury sales and conned Japan into replacing their pension funds with T-Bills. Japan now official ...

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Chinese still buying U.S. companies at record levels despite ‘recovery’

Both the media and Wall Street continue to preach the mantra of an economic recovery despite data that shows the U.S. has never truly gotten out of the Great Recession.  And if you remove the artificially stimulated equity markets built over time from tens of trillions of dollars of QE, the actual strength of corporate America is incredibly fragile and prime targets for takeover and acquisition. And of cour ...

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U.S. may have strongest currency, but China expected to have best economy in 2015

The talking heads continue report that the U.S. economy has recovered, and is the 'strongest' in the world right now.  But with housing starts lower, manufacturing and inventories down, and the shutting down of oil production biting into revenues and GDP, this propaganda is only being used to help keep the stock markets propped up and keep investors from moving their money into foreign markets. Yet perhaps ...

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