Submitted by Tyler Durden on 04/15/2015 22:42 -0400
Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Here’s what we said last year:
Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop…
Few would have believed that the Petrodollar did indeed quietly die, although ironically, without much input from either Russia or China, and paradoxically, mostly as a result of the actions of none other than the Fed itself, with its strong dollar policy, and to a lesser extent Saudi Arabia too, which by glutting the world with crude, first intended to crush Putin, and subsequently, to take out the US crude cost-curve, may have Plaxico’ed both itself, and its closest Petrodollar trading partner, the US of A.
As Reuters reports, for the first time in almost two decades, energy-exporting countries are set to pull their "petrodollars" out of world markets this year.
Not long afterwards (and by that we mean “not long” in the sense that three months isn’t really that long when it comes to everyone catching on to what “fringe” bloggers say is likely important), Bank of America took notice in the form of interviews with a half dozen or so in- house economists whose views can be generally summed up as follows: “…the end of the Petrodollar recycling chain is said to impact everything from Russian geopolitics, to global capital market liquidity, to safe-haven demand for Treasurys, to social tensions in developing nations, to the Fed’s exit strategy.”
More…
Jim Sinclair’s Commentary
A satire by the Onion, but who knows?
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States Apr 15, 2014
A recent al-Qaeda video shows a militant training to carry out his mission of lying back and watching America’s status as a superpower erode
WASHINGTON—Putting the nation on alert against what it has described as a “highly credible terrorist threat,” the FBI announced today that it has uncovered a plot by members of al-Qaeda to sit back and enjoy themselves while the United States collapses of its own accord.
Multiple intelligence agencies confirmed that the militant Islamist organization and its numerous affiliates intend to carry out a massive, coordinated plan to stand aside and watch America’s increasingly rapid decline, with terrorist operatives across the globe reportedly mobilizing to take it easy, relax, and savor the spectacle as it unfolds.
“We have intercepted electronic communication indicating that al-Qaeda members are actively plotting to stay out of the way while America as we know it gradually crumbles under the weight of its own self-inflicted debt and disrepair,” FBI Deputy Director Mark F. Giuliano told the assembled press corps. “If this plan succeeds, it will leave behind a nation with a completely dysfunctional economy, collapsing infrastructure, and a catastrophic health crisis afflicting millions across the nation. We want to emphasize that this danger is very real.”
“And unfortunately, based on information we have from intelligence assets on the ground, this plot is already well under way,” he added.
A recently declassified CIA report confirmed that all known al-Qaeda-affiliated organizations—from Pakistan to Yemen, and from Somalia to Algeria—have been instructed to kick back and enjoy the show as the United States’ federal government, energy grid, and industrial sector are rendered impotent by internal dissent, decay, and mismanagement. According to statements made by top-level informants and corroborated by leading Western terrorism experts, if seen through to its conclusion, al-Qaeda’s current plot could wreak far more damage than the events of 9/11.
In the past year, money transfers to al-Qaeda cells around the world have reportedly been accompanied by instructions to use the funds to outfit safe houses with the proper equipment to receive American cable news broadcasts and view top U.S. news websites, allowing terrorists to fully relish each detail of the impending demise of the last global superpower.
More…
from TomWoodsTV:
Banks and governments both rely on We The Sheeplez...to do exactly the wrong thing... at exactly the wrong time... and it works 99.999% of the time...
To which I'll add...Those of us whom have read and studied history, are still doomed to repeat it due to ignorant idiots who don't...
/
Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Here’s what we said last year:
Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop…
Few would have believed that the Petrodollar did indeed quietly die, although ironically, without much input from either Russia or China, and paradoxically, mostly as a result of the actions of none other than the Fed itself, with its strong dollar policy, and to a lesser extent Saudi Arabia too, which by glutting the world with crude, first intended to crush Putin, and subsequently, to take out the US crude cost-curve, may have Plaxico’ed both itself, and its closest Petrodollar trading partner, the US of A.
As Reuters reports, for the first time in almost two decades, energy-exporting countries are set to pull their "petrodollars" out of world markets this year.
Not long afterwards (and by that we mean “not long” in the sense that three months isn’t really that long when it comes to everyone catching on to what “fringe” bloggers say is likely important), Bank of America took notice in the form of interviews with a half dozen or so in- house economists whose views can be generally summed up as follows: “…the end of the Petrodollar recycling chain is said to impact everything from Russian geopolitics, to global capital market liquidity, to safe-haven demand for Treasurys, to social tensions in developing nations, to the Fed’s exit strategy.”
More…
One Last Look At The Real Economy Before It Implodes - Part 5
Submitted by Tyler Durden on 04/17/2015 - 22:25 The endgame has indeed arrived. At the very least, the international elites seem to think success is within their grasp, for they now openly expose their own criminality. But they do so in a way that attempts to divert blame or to rationalize their actions as being for the "greater good." All signs and evidence point to what the IMF calls the "great global economic reset.”" The plans for this reset do not include U.S. prosperity or a thriving dollar.
by Dave Kranzler, Inevstment Research Dynamics:
A reverse repurchase agreement, also called a “reverse repo” or “RRP,”
is an open market operation in which the Desk sells a security to an
eligible RRP counterparty with an agreement to repurchase that same
security at a specified price at a specific time in the future. LINK…IMF tells regulators to brace for global ‘liquidity shock’ – LINK.
The financial news spin-doctors are attributing today’s abrupt sell-off to a report of a Bloomberg terminal outage and to a report that China has expanded its list of stocks available for shorting. This explanation for the plunge in stocks globally is so absurd it almost leaves me speechless.
Read More @ InevstmentResearchDynamics.com
A reverse repurchase agreement, also called a “reverse repo” or “RRP,”
is an open market operation in which the Desk sells a security to an
eligible RRP counterparty with an agreement to repurchase that same
security at a specified price at a specific time in the future. LINK…IMF tells regulators to brace for global ‘liquidity shock’ – LINK.The financial news spin-doctors are attributing today’s abrupt sell-off to a report of a Bloomberg terminal outage and to a report that China has expanded its list of stocks available for shorting. This explanation for the plunge in stocks globally is so absurd it almost leaves me speechless.
Read More @ InevstmentResearchDynamics.com
Jim Sinclair’s Commentary
A satire by the Onion, but who knows?
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States Apr 15, 2014
A recent al-Qaeda video shows a militant training to carry out his mission of lying back and watching America’s status as a superpower erode
WASHINGTON—Putting the nation on alert against what it has described as a “highly credible terrorist threat,” the FBI announced today that it has uncovered a plot by members of al-Qaeda to sit back and enjoy themselves while the United States collapses of its own accord.
Multiple intelligence agencies confirmed that the militant Islamist organization and its numerous affiliates intend to carry out a massive, coordinated plan to stand aside and watch America’s increasingly rapid decline, with terrorist operatives across the globe reportedly mobilizing to take it easy, relax, and savor the spectacle as it unfolds.
“We have intercepted electronic communication indicating that al-Qaeda members are actively plotting to stay out of the way while America as we know it gradually crumbles under the weight of its own self-inflicted debt and disrepair,” FBI Deputy Director Mark F. Giuliano told the assembled press corps. “If this plan succeeds, it will leave behind a nation with a completely dysfunctional economy, collapsing infrastructure, and a catastrophic health crisis afflicting millions across the nation. We want to emphasize that this danger is very real.”
“And unfortunately, based on information we have from intelligence assets on the ground, this plot is already well under way,” he added.
A recently declassified CIA report confirmed that all known al-Qaeda-affiliated organizations—from Pakistan to Yemen, and from Somalia to Algeria—have been instructed to kick back and enjoy the show as the United States’ federal government, energy grid, and industrial sector are rendered impotent by internal dissent, decay, and mismanagement. According to statements made by top-level informants and corroborated by leading Western terrorism experts, if seen through to its conclusion, al-Qaeda’s current plot could wreak far more damage than the events of 9/11.
In the past year, money transfers to al-Qaeda cells around the world have reportedly been accompanied by instructions to use the funds to outfit safe houses with the proper equipment to receive American cable news broadcasts and view top U.S. news websites, allowing terrorists to fully relish each detail of the impending demise of the last global superpower.
More…
"We're All Frogs In Boiling Water" Santelli Says After Lacy Hunt Warns "This Is Far From Over"
Submitted by Tyler Durden on 04/17/2015 - 16:35 Global debt has expanded by $35 trillion since the credit crisis and as Lacy Hunt exclaims, "that's a net negative, debt is an increase in current consumption in exchange for a decline in future spending and we are not going to solve this problem by taking on more and more debt." "This process is far from over," Hunt concludes, "rates will move irregularly lower and will remain depressed for several years." Santelli sums up perfectly, "we're all frogs in boiling water," as we await the consequences of central planning.
Did WalMart Close A California Store To Punish Employees Who Protested Wages And Working Conditions?
Submitted by Tyler Durden on 04/17/2015 - 17:10 Presenting the history of the Pico Rivera WalMart store which was closed as part of the company's mysterious, nationwide "plumbing" problem. Could the closure be related to the location's history of protests against low wages, poor working conditions, and retaliation? Read and decide for yourself...Congress Is Trying To Reauthorize Key Patriot Act Provisions by Sneaking it Into 'USA Freedom Act'
Submitted by Tyler Durden on 04/17/2015 - 18:20 June 1, 2015 is a very important day for American civil liberties and the Constitution. On that day, Section 215 of the Patriot Act, one of the most egregious pieces of legislation passed in U.S. history, will expire automatically without reauthorization from Congress. Naturally, this is causing a panic attack within the heart of the NSA, FBI and all the authoritarian lackey legislators in Washington D.C. With the chances of a clean reauthorization next to none, these crafty “representatives” and their puppeteers need to figure out a way to sneak it into another piece of legislation. What better way to do this than making it a part of something that ostensibly appears to be reining in surveillance powers. Enter the USA Freedom Act.300 US Paratroopers Arrive In Ukraine After Russia Says Its Missiles Will Target NATO Member States
Submitted by Tyler Durden on 04/17/2015 - 17:50 "About 300 paratroopers, from the 173rd Airborne Brigade, arrived at the International Peacekeeping and Security Center, April 14 - 15, to begin a six-month training rotation with Ukrainian national guard forces."China's Bursting Bubble + Grexit Trouble = Dow Rubble
Submitted by Tyler Durden on 04/17/2015 - 16:09The ECB Is Considering A Parallel Greek Currency
Submitted by Tyler Durden on 04/17/2015 - 15:16 Today, to our dismay, we find that the ECB has not only considered a "parallel currency" alterantive but for Greece this may be a reality before long. According to Reuters, the ECB "has analyzed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro bloc, people with knowledge of the exercise told Reuters." "The fact is we are not seeing any progress... So we have to look at these scenarios."
by Steve Watson, Infowars:
Documents obtained by CNN
reveal that the Missouri National Guard referred to Americans in
Ferguson as ‘enemy forces’ and adversaries’ in briefings as they
prepared to quell protests.
Documents obtained by CNN
reveal that the Missouri National Guard referred to Americans in
Ferguson as ‘enemy forces’ and adversaries’ in briefings as they
prepared to quell protests.
The internal briefing documents, secured under a
Freedom of Information Act request, reveal that the National Guard,
called in to Ferguson under already tense circumstances, used heavily
militarized language to describe protesters, many of whom were merely
lawfully executing their First Amendment rights.
The documents highlight that the guard was worried
“adversaries” would use phone apps and police scanners to find out about
and compromise operational security. Guard higher ups also expressed
concern that protesters may use “militants tactics”.
Read More @ Infowars.com
by Barbara Minton, Natural Society:
A professor in Argentina backs up the WHO’s classification of glyphosate as a probable carcinogen, noting that the international scientific community has known for years that the herbicide glyphosate causes cancer.
Backing up the World Health Organization’s recent re-classification, a professor in the Department of Ecotoxicology at the National University of Littoral in Argentinaa and researcher from the primary national research council of Argentina, CONICET, says that “the international scientific community has warned for years, backed up by studies, that glyphosate is carcinogenic. It is good that WHO has recognized this fact.”
Read More @ NaturalSociety.com
A professor in Argentina backs up the WHO’s classification of glyphosate as a probable carcinogen, noting that the international scientific community has known for years that the herbicide glyphosate causes cancer.
Backing up the World Health Organization’s recent re-classification, a professor in the Department of Ecotoxicology at the National University of Littoral in Argentinaa and researcher from the primary national research council of Argentina, CONICET, says that “the international scientific community has warned for years, backed up by studies, that glyphosate is carcinogenic. It is good that WHO has recognized this fact.”
Read More @ NaturalSociety.com
by Dr. Jeffrey Lewis, Silver-coin-investor:
My kids just exited the stage where they still believe pretty much
whatever I say. We had a decent track record for a while. It seems like
just a moment ago when my son actually believed that I could fly.
Beliefs can be constructive, powerful, and sometimes blinding. They arise from experience shaped by the stories we tell about them. Often the stories are told for us; and without contemplation we run with them.
I want to bring up the issue of market perception, and perhaps why the truths of the matters are so incredibly illusive to the vast majority. No better example of this is the political-economic beliefs of the generations born out of the great financialization which spanned over 10 decades.
Read More @ Silver-coin-investor.com
My kids just exited the stage where they still believe pretty much
whatever I say. We had a decent track record for a while. It seems like
just a moment ago when my son actually believed that I could fly. Beliefs can be constructive, powerful, and sometimes blinding. They arise from experience shaped by the stories we tell about them. Often the stories are told for us; and without contemplation we run with them.
I want to bring up the issue of market perception, and perhaps why the truths of the matters are so incredibly illusive to the vast majority. No better example of this is the political-economic beliefs of the generations born out of the great financialization which spanned over 10 decades.
Read More @ Silver-coin-investor.com
“Through
the process we’re required, um, as I’m here tonight is to receive, um
is to ask for a letter from local officials, inviting us into your
community to allow us to train for the next fight that we could
encounter. We’re not training for Afghanistan and Iraq the things we’ve
done in the last 15 years. We’re looking forward.” – Tom Mead, US Army Special Operations Command Contractor
from kimberly york:
This is the Presentation given to the Big Spring City Council on 3/10/2014 by US Army Special Ops Command Contractor Tom Mead about Jade Helm. Afterwards we went out side and asked him questions I got no answers. He danced around the questions, such as who are considered US enemies? Why is Texas Hostile? etc
from kimberly york:
This is the Presentation given to the Big Spring City Council on 3/10/2014 by US Army Special Ops Command Contractor Tom Mead about Jade Helm. Afterwards we went out side and asked him questions I got no answers. He danced around the questions, such as who are considered US enemies? Why is Texas Hostile? etc
Banks and governments both rely on We The Sheeplez...to do exactly the wrong thing... at exactly the wrong time... and it works 99.999% of the time...
To which I'll add...Those of us whom have read and studied history, are still doomed to repeat it due to ignorant idiots who don't...
by John Rubino, Dollar Collapse:
There’s a journalistic sub-genre that might be called “The Highest/Lowest Since XXX,” in which a reporter takes a current statistic and illustrates (often with snazzy charts) how it hasn’t been this high or low since some date in the distant past. This is a compelling theme, implying as it does that the connection between now and then makes the current situation more important or meaningful while providing context with which to judge current trends.
Unfortunately, these articles often miss the point of the whole context thing by not exploring what subsequently happened last time the stat in question hit that level. Here’s a good recent example from Bloomberg:
Read More @ DollarCollapse.com
There’s a journalistic sub-genre that might be called “The Highest/Lowest Since XXX,” in which a reporter takes a current statistic and illustrates (often with snazzy charts) how it hasn’t been this high or low since some date in the distant past. This is a compelling theme, implying as it does that the connection between now and then makes the current situation more important or meaningful while providing context with which to judge current trends.
Unfortunately, these articles often miss the point of the whole context thing by not exploring what subsequently happened last time the stat in question hit that level. Here’s a good recent example from Bloomberg:
Read More @ DollarCollapse.com
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