A new world monetary system is being set up right now which will completely kill the US dollar, which is the world’s reserve currency. 23 countries (60% of the world’s GDP) are setting up swap lines which bypass the dollar and SWIFT, which is the dollar-based worldwide financial transaction system. These countries include Russia, […]
ECONOMY
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Soros Warns China Credit Cycle Has Gone “Parabolic” Just To Keep Zombies Alive
After warning last year of a “practically unavoidable” hard-landing to come in China, George Soros unleashed his central-planner-crushing self last night on the great red ponzi. As we noted last night, Soros warned the “parabolic” rise in credit is very worrisome, and “eerily reminiscent of US in 2007-8,” specifically adding that“most of the money that […]
China Say No Dollar For New Gold Backed Yuan
In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars. The new Yuan will be introduced next Tuesday, April 19. When the International Monetary Fund (IMF) agreed to add the Yuan to the basket of world currencies […]
“Biggest leak in the history of data journalism just went live” – Edward Snowden
” 2.6 terabyte leak of Panamanian shell company data reveals “how a global industry led by major banks, legal firms, and asset management companies secretly manages the estates of politicians, Fifa officials, fraudsters and drug smugglers, celebrities and professional athletes.” PANAMA PAPERS The secrets of dirty money This Is The Leak 2.6 terabytes, 11.5 million […]
Venezuela today looks like Zimbabwe 15 years ago
VISITING a supermarket in Venezuela is like entering Monty Python’s cheese-shop sketch. “Do you have any milk?” The shop assistant shakes her head. Sugar? No. Coffee? No. Soap? No. Cornflour? No. Cooking oil? No. Do you in fact have any of the products that the government deems so essential that it fixes their prices at […]
NOT GOOD: 37% of the US government’s total reported assets are student loans
Hot off the presses, the US government just published its audited financial statements this morning, signed and sealed by Treasury Secretary Jack Lew. These reports are intended provide an accurate accounting of government finances, just like any big corporation would do. And once again, the US government’s financial condition has declined significantly from the previous […]
George Soros Calls on EU to Bankrupt Itself in Order to Destroy Itself
In an editorial released Wednesday, George Soros said the European Union faces “mortal danger” and must “urgently” use their “AAA credit rating” to take on massive debt so that their refugees can be provided with “formal employment opportunities, health care, and education,” lest the EU continue “coming apart at the seams.” Soros writes in “The […]
Fingerprints For Food: Venezuela fingerprint registry to purchase food and supplies.
In Caracas or Maracaibo’ supermarkets and drugstores, buying a kilogram of grain or a pack of cookies has become a complex procedure: it’s required for you to deliver an ID, full name, phone number, address, date of birth and to slide both thumbs in a device: the emblematic “fingerprint scanner”; a device which usage by […]
Canada Sells Nearly Half Of All Its Gold Reserves
By Monique Muise, as published on Global News Canada sells nearly half of all its gold reserves The government of Canada sold off nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset. According to the International Monetary Fund’s International Financial Statistics, Canada […]
Soros: ‘Putin aims at EU disintegration, threat from Russia bigger than from jihadi attacks’
American and EU leaders are making a “grievous error” by taking Russian President Vladimir Putin for their ally in the fight against Islamic State, billionaire investor George Soros has stated. Putin’s real aim is the EU’s disintegration, Soros alleged. In an opinion piece for Project-syndicate.org, the billionaire stated that “the best way to [cause the […]