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CHINESE WARSHIPS DOCK IN FLORIDA AS DOD DEBATES STARTING WORLD WAR 3

Just as The Pentagon ratchets up the rhetoric, China made a ‚Äúgoodwill‚ÄĚ visit to Jacksonville, Florida. As we noted a few weeks ago, three Chinese vessels conducting an ‚Äúaround the world‚ÄĚ tour, were set to dock in the US where sailors will engage in ‚Äúship tours and sporting events.‚ÄĚ Here‚Äôs CNN: Sailors from both navies are expected to participate in sporting events and ship tours during the Mayport visit. ...

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Russia becomes 4th country to open its bond market to Chinese Yuan

In just the past 30 days we have seen three major economies open up their bond markets to allow the sale of Chinese Yuan denominated debt instruments.  And on Nov. 6 we can now add a 4th country to this list as Russia announced their will begin selling RMB denominated bonds in their own markets beginning in 2016. Russia already has several trade agreements with China that allow for direct bi-lateral trade i ...

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Xi Jinping’s economy beats Obama’s economy in helping the middle class

Politicians always like to use words like 'middle class' and 'helping working families' to win elections, and try to deceive voters on what their true agendas really are.  And while U.S. President Barack Obama has tried to take credit for how he saved the economy and brought America back from the brink of the 2008 credit crisis, the fact of the matter is he has destroyed the middle class, and has dropped pr ...

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U.S. trade deficit validates the Fed can’t and won’t raise rates

Has anyone noticed that only Wall Street talking heads and those trying to sucker you into the stock market are still using the world recovery after the Fed chose not to raise rates in September?  That is because an economy that has been artificially driven by tens of trillions of dollars in printed money since 2008 has never built a true foundation for recovery out of the Great Recession seven years later. ...

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China adds new Eurasian country into its fold of bi-lateral currency and trade nations

On Sept. 27 China announced a new agreement with the nation of Georgia to conduct currency swaps and direct bi-lateral trade using each others currencies.  This move adds another nation into the fold of trade partners that will function outside the dollar, and widens the growing cracks that are hemorrhaging within the polar dollar reserve currency system. Since 2013, China, along with the rest of the BRICS ...

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As the U.K. mulls leaving the EU, new agreements with China show direction of next global system

When Prime Minister David Cameron's Tory party won the last British election with a resounding mandate, a key component of this was tied to a future referendum vote on whether to leave the European Union, or remain in its political sphere for the foreseeable future.  But as Europe, the U.S., and most Western financial entities are beginning to financially breakdown, and show no signs of ending their money p ...

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China approves new agreement with Argentina for bi-lateral trade in own currencies

Argentina has gone through extreme economic turmoil over the past few years, including a default on their sovereign bond obligations that has put their nation in financial extremes that are even affecting their political system.  But like Iceland, who chose to suffer a short term recession in exchange for punishing the bankers who created their financial crisis, the country may now be looking for new ways t ...

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As China publicly announces dumping nearly $100 billion in dollar reserves, another chemical plant goes up in flames

Most of us know the old saying by the writer of the James Bond franchise that goes, “Once is happenstance. Twice is coincidence. Three times is enemy action", and in what we are seeing occur in China over the past month, there is little doubt that the West has escalated the financial war against the world's second largest economy into a covert war of aggression. On Sep. 7, the PBOC announced publicly that t ...

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Chinese bank official acknowledges bubble has burst while IMF admits QE has failed

This week has now seen two global banking entities admit that the monetary policies created by most central banks have not only failed, but are the root causes for what will become the next great financial crisis.  On Friday, the IMF came out with a paper ceding that the Japanese central bank will very quickly run out of assets to purchase, meaning that their massive Quantitative Easing program will grind t ...

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Global trade study validates the recessionary decline in Baltic Dry Index

One of the most important, but usually least talked about indicators that denotes the strength of the economy is the Baltic Dry Index (BDI).  This is a measurement that tracks shipping costs and quantities and is a strong signal for whether trade and exports are rising, or in decline. And a new study out on Aug. 28 by the World Trade Monitor has now validated the recessionary numbers of the BDI, and shows t ...

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Fed may have to enact QE4 just to buy up bonds being sold by China

In an interesting observation made on Aug. 27 by analysts at Bank of America, Chinese dumping of dollar reserves (Treasuries) may create such an impact on the United States, that the Fed would have to throw away any thought of raising interest rates and instead look very hard at implementing a new round of quantitative easing just to soak up the estimated $1.1 trillion that will be dumped onto the markets. ...

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Is the ‘flight to safety’ in treasuries really the result of Fed mopping up China’s dollar dump?

Over the past two weeks we have seen the U.S. 10 year treasury roller coaster from a level of 2.2% on Aug. 17, to a low of 1.95 a week later.  Yet since that time the 10 year has moved back above the 'Mendoza line' to its current position of 2.12%.  And of course, the common response in the mainstream media to this drop in yield and spike in buying was due to a 'flight to safety' as traders exited the equit ...

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