1) Is tomorrow THE day that the dollar “dies” and is replaced?
Tomorrow, Sept. 30, is when the International Monetary Fund (IMF) officially adds the Chinese yuan to its basket of currencies comprising its special drawing right (SDR). It has enormous long-term implications for the dollar.
Does that mean the dollar becomes worthless overnight? Of course not. Tomorrow’s event may not even make major headlines. You won’t hear about it in the news. And it won’t cause the dollar to crash immediately. This is a development with long-term implications, but in itself, it will not make waves. But that’s the point — the dollar will die — but with a whimper, not a bang.
Bill Holter’s Commentary www.jsmineset.com
This toon is very appropriate and very timely …but please don’t “laugh” at it!
I did not intend to write today but 3 events warrant a heads up.
1. Deutsche Bank may be having their “Lehman moment” as 10 hedge funds have withdrawn funds and are cutting exposure with DB.
This is how a “bank run” starts folks! Quite convenient that this Monday I believe is a banking holiday in Germany. If this is truly a Lehman moment, we will have a far larger event in a very compressed timeframe than we had in 2008.
2. The veto of the Saudi 911 bill was overridden in the House and Senate.
The ramifications of this are beyond human comprehension to understand how widespread the fallout can be. Think “Rollover” by multiples with the added negative the U.S. is no longer the sole military superpower in the world. I wrote about this last week, the important thing to understand is the assets that get sold in dollars…will not remain in dollars very long!
3. It looks like John Kerry is threatening to cut off diplomatic ties with Russia.
This is horrific on so many levels, particularly to the survival of the human race. Please understand the “timing” of this particular item. All three of these events are happening at one time, if you believe it’s a “bad coincidence” you are wrong in my opinion. The takedown of the Western standard of living is happening in real time, right now. Ignore this at your own risk!
by Andy Hoffman, Miles Franklin:
I don’t normally write Friday morning, in lieu of waiting for the week’s trading to close. However, as my entire family is flying in to celebrate Diana’s 50th birthday – from New York, New Jersey, Maryland, Florida, and California – I’m going to make an exception. Quite exciting – and terrifying; as I have no idea if today will indeed be the bloodbath it has all the potential in the world to be, or if the powers that be will be able to muster enough money printing, market manipulation, and propaganda to stave off panic through the weekend.
A weekend, I might add, that not only includes the expiration of the U.S. fiscal year at midnight tonight – with not even a whiff of a 2017 budget proposal in the air, making a government shutdown tomorrow morning highly possible; but a three-day weekend in Europe, given the…I kid you not…”banking holiday” scheduled for Monday.
Secret Swiss Military Bunkers Being Filled With Gold By Billionaires Seeking "Alternatives To Bank Deposits"
Project Mayhem - Man Calmly Enters Apple Store And Crushes Every iPhone In Sight With A Ball Bearing
It hadn’t happened before, at least not since US presidents started visiting foreign countries after the Second World War.
In early September, when President Obama landed at Hangzhoi for the G-20 summit in early September, the CIA security men were told in no uncertain terms by the Chinese that they were not in charge of landing arrangements, and that the President would disembark by the rear exit. It had the hallmarks of a calculated snub, as did the obligatory photograph of the world’s leaders, where the President was placed firmly on the far left, and not near the centre, which is customary.
The Daily Coin:
Dear Rogue Money Readers: we are posting this Open Thread to encourage Reader Comments in the spirit of “if you hear something, say something” as the Maelstrom of Autumn 2016 begins to unfold. The specific data points that I am watching as Q3 winds down tomorrow are listed below. But, as W. has reminded us, “Expect the Unexpected,” and absolutely ANYTHING can happen now between today and next Monday… and beyond as we steer through the treacherous waters of October.
Shout-out to V. and to Ken Schortgen Jr. for sounding the preliminary alarm bells. You’ll want to start with these Youtubes:
ECB and Italy’s bank rescue fund head clash over bailout rules … The European Central Bank and the head of Italy’s bank rescue fund clashed on Monday over the European Union’s tough conditions on state aid for troubled banks. Speaking at the same conference in London, one of the ECB’s most senior supervisors said EU states should follow the bloc’s rules when it comes to dealing with problem banks while the head of Italy’s Atlante fund called the resolution process “absurd.” – Reuters
More bad financial news. Italy, Germany and China continue to decay economically as they move toward financial catastrophe.
Jabhat al-Nusra unit commander Abu Al Ezz told Koelner Stadt-Anzeiger newspaper journalist Jurgen Todenhofer that the US, Israel, and Saudi Arabia support and arm terrorist groups in Syria.
“Yes, the US supports the opposition [in Syria], but not directly. They support the countries that support us. But we are not yet satisfied with this support.”
Jabhat al-Nusra unit commander Abu Al Ezz: Militants should be receiving more “sophisticated weapons” from their backers to succeed against the Syrian government.
By the end of 2016, the American Cancer Society estimates that cancer will have claimed over 595,000 lives: that’s 1,630 people per day, in this year alone – making cancer second only to heart disease as the leading cause of death in the United States. In addition, over 1.6 million new cases of the disease are expected to be diagnosed. (Our medical approach MUST change)
Suppressed natural therapies for cancer revealed. On the next NaturalNews Talk Hour, Jonathan Landsman and Linda Isaacs, MD – board certified in internal medicine will talk about a 3-prong approach to healing cancer without the need for toxic drugs. If you or someone you know is suffering from cancer, you won’t want to miss this lifesaving information.