Russia is one of the biggest FOREX holders on earth after the Chinese and Japanese. The US has seven trillion in IOUs held overseas due to the biggest trade deficit in the history of humanity. The US tried desperately to destroy Russia’s banking system this year. But it was, as I accurately predicted, a laughing failure. Instead, the mess caused the euro to nearly collapse.
Tag Archives: central banks
Britain Announces Joint Russia/China/India Development Bank Venture: US Freaks Out
Diplomacy: Hu And Wen Roll Out Red Carpet For Putin
The US has become quite addicted to all the world trade flowing to the US while we pay for this via a massive mountain of trillions in debts. Few people know this but ‘dollars’ and any paper money are actually DEBT promises. Way back before the Great Depression, all paper money printed in the US had words to this sort, that first, paper money can be handed over for gold and then later, silver. Then this was dumped after Nixon cut the metal connection to paper money and debt took off like a rocket. As did inflation which the government fixed via letting in a flood of foreign exports which drove down prices somewhat.
Britain says in ‘national interest’ to join China-backed bank because London is the banking center of the world and the Queen runs many offshore banks at various islands that swear fealty to her and the government of London, not the ‘country’ of Britain. Immediately, the Obama administration hits out at UK after Britain signs up to $50bn Beijing bank :
Filed under .money matters
NYT Lies About Why US Dollar Is ‘Strong’
Here is a classic example of hiring someone who knows hardly anything to bloviate about something that is fairly easy to understand. Namely, our trade partners all do the same exact thing: they hold US dollars in their central banks to make the dollar stronger against their own currency in order to run perpetual trade surpluses with the US which is deeper and deeper in the red each generation: The Strong Dollar Is Always Good, Except When It Isn’t – NYTimes.com
The European Central Bank significantly loosened its monetary policy on Thursday, in the process driving down the euro and bolstering the dollar. Measured against a basket of currencies, the dollar’s value has soared 19 percent since May, and the momentum seems to be building.
Filed under .money matters, Free Trade
EU Central Bank Considers Giving Everyone Free Money To Restart Dying Economy Hit Hard By Russia Boycott
We have seen raging inflation in many a sector during this long ZIRP central bank money printing depression. This peculiar depression with so much inflation and bubbles has resulted in the rich getting filthy rich and the lower classes hammered to the point of rebellion and destruction. The central banks who created this disaster are frantically trying to fix it but of course, the banking disaster is part of the free trade disaster. They are hitched to each other like Santa’s reindeer. And the European Union is now a sled drawn by one lame reindeer, one shot in the chest, one drugged up, one on strike. So it is skidding to the earth. No surprise. Boycott a major buyer/supplier is destroying the EU economy. Thank you, NATO. Thanks a million, Bilderberg gang.
Filed under .diplomacy, .money matters
EU And US Elections All About Stopping Immigration Floods, Bilderberg Gang Wants More Aliens, No Borders
Jon Stewart Perfectly Sums Up The GOP’s Closing Arguments by making fun of very reasonable fears and demands of the US middle classes.
Our nation and the entire EU is run by and for the richest elites who have these secret meetings which our media owners never, ever mention and the few people covering these meetings are mocked as ‘conspiracy nuts’ but the Bilderberg meetings are very real and very important and they set the rules by which we live and examples abound. One of these is the persistence of propaganda about global warming which has risen to a fever pitch as the planet decisively cools down. The other big thing beloved of this crew is open borders everywhere on earth except for Israel. » Official Bilderberg 2014 Membership List Released Alex Jones’ Infowars: There’s a war on for your mind!
Chickensh*t Bullsh*it Zionists Cause Row, Go Insane At Obama
Israeli Cartoonist Criticized For Comparing Benjamin Netanyahu To 9/11 Hijackers
The recent headlines about how an unnamed anonymous Obama agent supposedly called the world’s nastiest Nazi, Netanyahu, a chickensh*t’ has reached amazing levels due to the fact that Jews, for the most part, own or run most of our media and almost all are rank Zionists. It is obvious to everyone except most Americans, that Obama is treated like the doorman to the White House which really belongs to Netanyahu thanks to all our many rich Zionists who run this nation pretty much so that Israel may commit war crimes and steal stuff.
Filed under .diplomacy
EU Impose Negative Savings Rate Claiming Falsely That There Is No Inflation!
ALFRED Graph – ALFRED – St. Louis Fed: Starting in the 1990’s, our government and Europe’s elites all removed the very vital energy and food data from inflation statistics which then allowed them to devalue capital from savings and have artificially low interest rates. This, in turn, has made speculators and bankers very, very rich and spawned one equity/asset bubble after another. Which, in turn, has driven many governments deep into debt and wrecked the banking system and made everyone who is middle class and poorer, much, much poorer. This raid on capital is destroying capitalism.
Filed under .diplomacy, .money matters