Tag Archives: usd

US military protecting international banking cartel

Bank of America

“My assessment is that 90% of the value of the US dollar comes from the US military.” — Former Assistant Housing Secretary Catherine Austin Fitts For decades, America has used its armed strength to enforce the use of the dollar as the world’s reserve currency, effectively making the US military the armed wing of the international banking cartel (IBC). Since ... Read More »

Federal Reserve: 100 years of US dollar manipulation

FED USD manipulation

Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System – the Central Bank of the United States of America. The mainstream media are keeping remarkably quiet about this key milestone. No doubt, they know only too well that growing millions of workers inside and outside the US are realizing that a century of central ... Read More »

Federal Reserve: $75 billion a month in bond purchases

Ben Bernanke

The Federal Reserve will decrease the amount of bonds purchased by the United States central bank, Chairman Ben Bernanke said Wednesday, by roughly $10 billion per month. Bernanke was about to make his last scheduled news conference as head of the Fed on Wednesday afternoon when the bank’s newest plan was revealed. The Fed has up until now spent $85 ... Read More »

USD is dead: China caps its dollar holdings & plans crude oil futures priced in yuan

SHFE Shanghai Futures Exchange

China’s central bank has said it no longer sees any benefit in increasing its $3.66 trillion foreign currency reserves – already the world’s largest. China will cap its purchases of US dollars in an effort to limit the depreciation of the yuan. “It’s no longer in China’s favor to accumulate foreign-exchange reserves,” Bloomberg quoted Yi Gang, a deputy governor at the ... Read More »

Russian lawmaker seeks to ban US dollar, predicts 2017 collapse

Mikhail Degtyarev

To protect Russians against the “collapsing US debt pyramid”, a Russian legislator has filed a draft bill to ban circulation of the currency in Russia. Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017. “If US national debt continues to grow at its ... Read More »

China calls for world to ‘de-Americanise’

America

China’s official news agency has called for the creation of a “de-Americanised world”, saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government. Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in others’ affairs, and said the ... Read More »

Currency wars for dummies

Currency wars

When it comes to global currency warfare, one can read countless books (all of which professing to be the definitive reference guide for a process that started in the… 1930s), or one can fast forward, save lots of time, skip all the repetitive verbiage and simply observe the following charts which summarize the key things “one needs to know” about the dead-end that ... Read More »

Dollar to collapse, gold will “go to infinity” – Ron Paul

Gold infinity dollar collapse

Former congressman says that precious metals will literally become priceless. Appearing on CNBC yesterday, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless. “Eventually, if we’re not carefully, it will go to infinity, because the dollar will collapse totally,” Paul said on CNBC.com’s Futures Now. ... Read More »