Category Archives: Financial

The Clock Is Ticking…

When the US dollar loses its reserve currency status, how much will it devalue? 10%, 20%, more? Look to history to preserve your future. Or believe in the politicians who have put our nation in this precarious situation where Liberty … Continue reading

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Doug Hagmann: The process of killing the U.S. dollar

I wrote about it nearly one year ago to the day. The Obama agenda is to simply “kill the U.S. dollar,” where the ultimate objective is to implement an international currency in tandem with a system of global governance. Some people laughed, … Continue reading

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Dropping Like Flies: Largest Steel Maker In China’s Shanxi Province Defaults On CNY 3 Billion In Debt

Well, it’s coming. Overnight, Hong Kong’s The Standard reported that in addition to the solar, coal and real-estate developer companies that are on everyone’s radar as potential future bankruptcy candidates, one can also add steel makers to the list, with its report … Continue reading

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The Chinese Yuan Is Collapsing

The Yuan has weakened over 250 pips in early China trading. Trading at almost 6.22, we are now deeply into the significant-loss-realizing region of the world’s carry-traders and Chinese over-hedgers. Morgan Stanley estimates a minimum $4.8bn loss for each 100 pip move. However, the bigger … Continue reading

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The Federal Reserve Seems Quite Serious About Tapering – So What Comes Next?

By Michael Snyder Will this be the year when the Fed’s quantitative easing program finally ends?  For a long time, many analysts were proclaiming that the Fed would never taper.  But then it started happening.  Then a lot of them … Continue reading

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JP MORGAN SELLS COMMODITIES UNIT TO MERCURIA FOR $3.5 BILLION

It appears that silver investors’ days of deriding Blythe Masters as the face of JP Morgan’s alleged gold & silver manipulation may be over, as Jamie Dimon has formerly announced the sale of JPM’s commodities division to Switzlerland’s Mercuria for $3.5 … Continue reading

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Copper Plunges To Fresh 5-Year Low

As we explained in great detail yesterday, the selling in commodities is far from over. The extent of China’s commodity-backed-financing is only now beginning to be understood and forced sales (along with the vicious circle of collapsing collateral values and increasingly tightening … Continue reading

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Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys

Something hilarious, and at the same time pathetic, happened earlier today: at precisely 9 am the US Treasury released its delayed Treasury International Capital data (which was supposed to be released yesterday but was delayed because it snowed) which disclosed … Continue reading

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Obama Gets Blood from a Rock and It Is Still Not Enough

Tax Revenues Hit Record in First 5 Months of FY14; 5-Month Deficit Still $377B Inflation-adjusted federal tax revenues hit a record $1,104,947,000,000 in the first five months of fiscal 2014, but the federal government still ran a $377,379,000,000 deficit during … Continue reading

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Jim Sinclair: Russia Can Collapse US Economy, Gold Update, Silver is Gold on Steroids

httpv://www.youtube.com/watch?v=KXGPzDq45gM

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Crimea To Abandon Hyrvnia, Switch To Russian Ruble

Crimean Deputy Prime Minister Rustam Temirgaliev has told RIANovosti that the region will abandon Ukraine’s Hyrvnia: *CRIMEA TO SWITCH TO RUSSIAN RUBLE APRIL 1: RIA NOVOSTI This is not a total surprise as Reuters reported the Crimean Deputy PM stating “we are … Continue reading

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Lindsey Williams Global Currency Reset 2014

httpv://www.youtube.com/watch?v=2u12Vpd293w#t=3150s Start at 52 minutes 30 seconds

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Russian companies withdraw billions from west, say Moscow bankers

Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow. Sberbank and VTB, Russia’s giant partly state-owned banks, as well as industrial companies, such as … Continue reading

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It Begins: Foreigners Sell A Record Amount – Over $100 Billion – Of Treasurys Held By The Fed

A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history. The problem, of course, with this data is that it is stale and delayed. For a much better, … Continue reading

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Lakota Indian Promotes New Digital Currency, Mazacoin

Most countries are casting a suspicious eye toward bitcoin and viewing cryptocurrencies as a potential threat. But one Lakota Indian hopes his nation will take a different approach: he hopes to make a digital currency the tribe’s official currency. It’s called mazacoin, … Continue reading

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