The aggravated global financial situation is working toward a series of powerful climax events. It cannot be saved. It is cratering. It is rotting from the inside. It is fracturing.It will fail. The fiat paper currency system and its many attendant systems are seizing up, being rejected, and are failing in what has begun to be the grandest financial event in modern history. Last weekend,the Chinese announced the creation of a new 100 billion Yuan fund which will operate more like a window to convert sovereign bonds to Gold bullion in very high volume. The target is the ever-present toxic USGovt debt paper cluttering and contaminating the global banking system.The conversion to Gold bullion will be seen as a declaration of financial war.We are entering a new phase. In 2006 my work warned that China will move from outsourced producer to trade partner, then to trade rival, finally to opponent in trade war.They are moving to executioner of the King Dollar. Click here for the latest Hat Trick Letter on China Moving to Executioner of King Dollar:
- War “inevitable” if U.S. meddles in South China Sea – Global Times - Senior NATO officialwarns that “we’ll probably be at war this summer” - Soros warns of ‘New World Order’ and war with China - Soros warns could be “on the threshold of a Third World War” - Many countries in Pacific lay claim to strategically important and mineral rich islands - Tensions between U.S. and China and Russia escalating - War would have many facets including cyber-warfare and currency wars
The ‘war’ word is being increasingly heard internationally as the U.S., EU, Russia and China adopt provocative postures over various disputes including Ukraine and in the Pacific.
War with the U.S. is “inevitable” if the U.S. involves itself in the dispute which has arisen over the Spratley Islands in the South China Sea according to China’s state controlled newspaper the Global Times. (more…)
- Gold is “100% guarantee from legal and political risks” - Russia’s central bank buys another 300,000 ounces in April - Russia views its overseas assets as vulnerable - ‘De Dollarisation’ continues across Asia - Gold offers protection from growing risks today
Russia’s central bank once again increased its gold holdings substantially in April. They added another 300,000 ounces to their existing stockpile bringing the total up to 40.1 million ounces (see chart below). (more…)
The nation is wallowing self-piteously in a fetid trough of denial and adolescent rage/magical thinking now that the nation’s bogus, debt-based “prosperity” has crashed and cannot be restored.
If you type Deep State into the custom search window in the right sidebar, the search results fill 10 pages. I think it is fair to say I have long had a deep interest in the Deep State.
The Deep State is generally assumed to be monolithic: of one mind, so to speak, unified in worldview, strategy and goals.
In my view, this is an over-simplification of a constantly shifting battleground of paradigms and power between a number of factions and alliances within the Deep State.Disagreements are not publicized, of course, but they become apparent years or decades after the conflict was resolved, usually by one faction consolidating the Deep State’s group-think around their worldview and strategy.
At this point, anyone paying even the slightest bit of attention to the central planning economic totalitarians running the fraudulent global financial system is aware of the blatant push in the media to acclimate the masses to accepting a “cashless society.”
In the mind of an economic tyrant, banning cash represents the holy grail. Forcing the plebs onto a system of digital fiat currency transactions offers total control via a seamless tracking of all transactions in the economy, and the ability to block payments if an uppity citizen dares get out of line.
We discuss volatility shifting the unhedged part of the economy – namely the incomes of the bottom 99 percent of the population. In the second half, Max interviews Nick Williamson, CEO of Pythia, about his new product called Credits, which is the first blockchain technology to be used by a government – in this case, the Isle of Man, to register cryptocurrency companies on the island.
- ‘Beautiful Mind’ Nobel winner Nash dies in tragic crash - Nash was subject of movie “A Beautiful Mind” with Russell Crowe - Nash was renowned mathematician who developed game theory - Game theory suggests that world may be forced back onto a gold standard - Debased dollar vulnerable to bitcoin, crypto-currencies, silver and gold - Gold standard could cause a price reset at $10,000
The death of mathematician John Nash on Sunday was met with a degree of sympathy and publicity seldom enjoyed by mathematicians whose contribution to society is usually a quiet, unappreciated one, behind the scenes. The 86 year old was killed with his wife in a tragic taxi accident in New Jersey. (more…)