Mac Slavo February 19th, 2015 It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams it’s coming one way or the other. The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger[...]
Tag: US Dollar
Why Gold is a Better Bet than Oil – Especially for the Next 5 Years – MarketWatch
By Cody Willard I've been saying for a while now that I don't see any reason to try to game a bottom, or any type of trade for that matter, in oil/energy. We've made a lot of money and avoided a lot of heartache over the years sticking with our strategies. Unless oil drops to like, say, $20 a barrel and there's a wave of bankruptcies in the sector where we could go in and buy the survivors, I'm [...]
De-Dollarization Accelerates: Russia Launches SWIFT-Alternative Linking 91 Entities
Back in 2013, The NSA was first exposed for secretly 'monitoring' the SWIFT payments flows. This appears to have been among the last straws for Russia (and others) as far as both NSA spying and dollar domination. Last year, following threats to remove Russia from SWIFT by the UK, (which SWIFT rapidly distanced its 'independent-self' from), Russia (and China) announced plans to create its own[...]
Why The Price Of Oil Is More Likely To Fall To $20 Rather Than Rise To $80
By Michael Snyder, on February 15th, 2015 This is just the beginning of the oil crisis. Over the past couple of weeks, the price of U.S. oil has rallied back above 50 dollars a barrel. In fact, as I write this, it is sitting at $52.93. But this rally will not last. In fact, analysts at the big banks are warning that we could soon see U.S. oil hit the $20 mark. The reason for this is that the[...]
THE CURRENCY WARS ARE BAD NOW, BUT CHINA WILL SOON MAKE THEM EVEN WORSE
Investors know the currency wars are raging in the West and Japan with beggar-thy-neighbor devaluations by Sweden, Denmark, Canada and many others. But the heavyweight – China – has been unusually quiet lately. Click here to see why that’s about to change. Look for China to jump back into the currency wars soon. [...]
Setting the Stage for the One World Currency – Martin Armstrong
By Martin Armstrong We can start to see how the one-world currency comes into play with BIG BANG. The more these governments try to manipulate the outcome of the free markets, the worse everything becomes. I met with members of the board in charge of the Swiss/Euro Peg just before the Berlin Conference. I explained that no peg has ever lasted and Bretton Woods stands as witness to that in recent [...]
Central Banks Are Boosting Their Gold Reserves – Bloomberg
by Eddie Van Der Walt and Nicholas Larkin Excerpts from the full story.... (Bloomberg) -- Central banks purchased enough gold in 2014 to buy 75 Boeing Co. Dreamliners. Governments added 477.2 metric tons to their reserves, the second-biggest increase in 50 years and 17 percent more than a year earlier, the World Gold Council said in a report Thursday.... Central banks have added to gold[...]
Is Russia Planning a Gold-Based Currency?
February 6, 2015 Marcia Christoff-Kurapovna The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term. Yet, it is precisely such conditions that may push the country’s leadership into taking the radical step that will[...]
China Moving to Replace USA as Financial Capitol of World – Martin Armstrong
A vital step in the shift of the Financial Capitol of the World moving from the West to the East, is becoming visible if you pay attention. Our model has revealed that the Financial Capitol of the World moves with the rise and fall of nations. China on the verge of becoming a net exporter of capital, it has already overtaken its Western counterparts as a primary source of credit for the[...]
Richard Russell Warns Global Crisis To Get Worse – Sell All Stocks And Buy Gold & Silver
As the world continues to digest breaking news out of Greece, today the Godfather of newsletter writers, 90-year old Richard Russell, warned that the global crisis will get even worse, so investors need to dump all common stocks and buy gold and silver. Russell also discussed why even tougher times are still ahead for the world. Richard Russell: “I had expected an upside blow-off to occur,[...]