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Hidden financial system
I shall wear the creditors’ loathing with pride. ~~~ Yanis Varoufakis, Greece’s former finance minister
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Bretton Woods Conference: July 1-22, 1944, then, Ufa SCO-BRICS Summit, July 6-10, 2015, now.

Bretton Woods Conference: July 1-22, 1944, then, Ufa SCO-BRICS Summit, July 6-10, 2015, now. | Hidden financial system | Scoop.it

 

Our grandchildren’s history books will reference these two international meetings, Bretton Woods and Ufa, as post-World War II geopolitical milestones, and transformative benchmarks in the world order.

 

This of course, unless Western/Israeli colonialism does not push humanity to the brink, with a last desperate attempt to save its fascist empire, with World War III.

 

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Expert Sees Repeat of Horrors He Predicted: "Next Great Stock Market Crash is Imminent"

Expert Sees Repeat of Horrors He Predicted: "Next Great Stock Market Crash is Imminent" | Hidden financial system | Scoop.it

 

Four key factors are what foreshadowed declines after peaks in 1972, 2000 and 2007 that this expert predicted, and forecast again for today.

 

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China Finally Reveals How Much Gold It Has

China Finally Reveals How Much Gold It Has | Hidden financial system | Scoop.it

 

That’s pretty impressive, but it falls far short of what investors had expected.

 

When they first announced that they were going to reveal their stockpile two months ago, the most conservative estimates placed their gold holdings at 3000 tons, or double what they recently reported.

 

Due to the fact that China is the largest gold producer, and nearly the largest gold importer, their current numbers are dubious at best.

 

As for why they may still be under reporting their gold reserves, they probably don’t want to alarm the markets.

 

They want to keep prices low so they can keep accumulating more, which given the amount of gold they’ve officially bought, they’re obviously determined to keep buying.

 

And since the price of gold and the value of the dollar have an inverse relationship, they want to keep gold low so that their massive dollar reserves stay valuable (which they’re still in the process of selling).

 

At some point they’re going to use their gold reserves to challenge the supremacy of the dollar, but for now, they’re going to keep prices low while they hoard as much as they can.

 

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Cyrille's comment, July 22, 8:08 AM
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WSJ about Greece

WSJ about Greece | Hidden financial system | Scoop.it

 

Andreas Sator ‏@a_sator 17 hil y a 17 heures

That's how ultra leftist Wall Street Journal is analyzing outcome of summit on #Greece. (by @MMQWalker)

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Quote. Yanis Varoufakis

Quote. Yanis Varoufakis | Hidden financial system | Scoop.it

 

I shall wear the creditors’ loathing with pride.

 

Yanis Varoufakis, Greece’s former finance minister

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How Greece Has Fallen Victim To "Economic Hit Men"

How Greece Has Fallen Victim To "Economic Hit Men" | Hidden financial system | Scoop.it

 

"Greece is being 'hit', there's no doubt about it," exclaims John Perkins, author of Confessions of an Economic Hit Man, noting that "[Indebted countries] become servants to what I call the corporatocracy ... today we have a global empire, and it's not an American empire. It's not a national empire... It's a corporate empire, and the big corporations rule."

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The Bank for International Settlements pre-positions itself as the wise voice of reason

The Bank for International Settlements pre-positions itself as the wise voice of reason | Hidden financial system | Scoop.it


“International policy coordination can occur at various depths. Enlightened self-interest takes international spillovers into account to the extent that they spill back on one’s own economy.


However, even if countries did their best individually, this would still fall short of the mark if there were significant international spillovers, as in today’s era of global liquidity.


Moving towards a more efficient outcome would require greater cooperation, including ad hoc joint action, and possibly even agreement on rules of the game that constrain domestic policies.”


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Good Evening, Mr. Bond

Good Evening, Mr. Bond | Hidden financial system | Scoop.it

 

He said, “Jim, it’s worse than you know.”

Mr. Bond continued, saying, “Liquidity in many issues is almost nonexistent. We used to be able to move $50 million for a customer in a matter of minutes. Now it can take us days or weeks, depending on the type of securities involved.”

 

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Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable" | Hidden financial system | Scoop.it

 

“Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state."

 

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China Dumps Record $120 Billion In US Treasurys In Two Month Via Belgium

China Dumps Record $120 Billion In US Treasurys In Two Month Via Belgium | Hidden financial system | Scoop.it

 

But what is perhaps most curious is that even with China liquidating such a massive amount of US paper into a very illiquid market, the yield on the 10Y did not blow out far more in the months of March or April. And the last question: who did China sell all this paper to?

 

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7 Key Events That Are Going To Happen By The End Of September

7 Key Events That Are Going To Happen By The End Of September | Hidden financial system | Scoop.it

 

September 13th – This is Elul 29 on the Biblical calendar – the last day of the Shemitah year.  Many are concerned about this date because we have seen giant stock market crashes on the last day of the previous two Shemitah cycles.

 

On September 17th, 2001 (which was Elul 29 on the Biblical calendar), we witnessed the greatest one day stock market crash in U.S. history up until that time.  The Dow plummeted 684 points, and it was a record that held for exactly seven years until the end of the next Shemitah cycle.

 

On September 29th, 2008 (which was also Elul 29 on the Biblical calendar), the Dow fell by an astounding 777 points, which still today remains the greatest one day stock market crash of all time.

Now we are approaching the end of another Shemitah year. 

 

So will the stock market crash on September 13th, 2015?  Well, no, because that day is a Sunday.  So I guarantee that the stock market will not crash on that particular day.  But as Jonathan Cahn has pointed out in his book on the Shemitah, sometimes stock market crashes happen just before the end of the Shemitah year and sometimes they happen within just a few weeks after the end of the Shemitah.  So we are not just looking at one particular date.

 

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The Saker interviews Michael Hudson

The Saker interviews Michael Hudson | Hidden financial system | Scoop.it

 

It is my immense privilege and honor to submit to you my interview with Michael Hudson, whom I consider to be the best economist in the West. 


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"Threat of 3rd World War Real" - Billionaire Soros Warns Currency War With China Could Go Hot

"Threat of 3rd World War Real" - Billionaire Soros Warns Currency War With China Could Go Hot | Hidden financial system | Scoop.it

 

Soros said the only solution to the prospect was to allow China to join the IMF’s basket of global currencies so that it could compete with the dollar.

 

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How can SCO, BRICS summits in Russia be important?

 

Chinese President Xi Jinping will attend the 7th BRICS summit and 15th SCO summit in Ufa of Russia next week. Without a single industrialized country, how can such summits be important?

 

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FOREIGN AFFAIRS : Why Greece Isn't to Blame for the Crisis

FOREIGN AFFAIRS : Why Greece Isn't to Blame for the Crisis | Hidden financial system | Scoop.it

 

The roots of the crisis lie far away from Greece; they lie in the architecture of European banking.

 

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Governments Worldwide Will Crash the First Week of October ... According to 2 Financial Forecasters

Governments Worldwide Will Crash the First Week of October ... According to 2 Financial Forecasters | Hidden financial system | Scoop.it

 

Two well-known financial forecasters claim that virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015.

 

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Gold Rush 2.0: How Russia and China are attacking the dollar

Gold Rush 2.0: How Russia and China are attacking the dollar | Hidden financial system | Scoop.it

 

One of the important points that Sarkisyan makes is that China does not want to see the dollar collapse, and neither does anyone else. Because the dollar is still a very effective and useful means of international exchange.


However, the problem is that the US is using the dollar and other parts of the global commons which it controls (for example, the internet) not as a public good delivered for the benefit of the entire system, but as a weapon in the global hybrid preventive war aimed at preventing or at least delaying its decline. Which everyone, including the US, is seeing happen.


So these and other gold measures are defensive, rather than offensive, in nature.


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Cyrille's comment, July 22, 8:09 AM
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The Moscow-Beijing Express: Russian “Oligarchs” versus Chinese Billionaires

The Moscow-Beijing Express: Russian “Oligarchs” versus Chinese Billionaires | Hidden financial system | Scoop.it

 

In closing, the Western mainstream media has done a brilliant job of further trashing Russia’s reputation, by smearing all wealthy Russians as “criminal oligarchs”.

 

In terms of propaganda coups, it ranks right up there with tarring people and countries as conspiracy nuts, liberals, extremists, commies, terrorists, and the whole panoply of slurs, which is ruthlessly used by the Washington-London-Paris consensus.

 

This includes ceaseless attempts to discredit Baba Beijing and the Chinese Communist Party. Behind the Great Western Firewall, this all results in the effective brainwashing and control of the masses.

 

If that sounds like a strong statement, remember, they call it a “free press”, and 99% of the people actually believe it is true.

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Guess who’s running the new BRICS Bank

Guess who’s running the new BRICS Bank | Hidden financial system | Scoop.it


So who will be running the “fresh, new” BRICS Bank? Guys who hang out at Davos, who help run the “tainted, old” IMF and World Bank, and who are trained by the London Establishment and the Vatican Jesuits.


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The Delphi Declaration

The Delphi Declaration | Hidden financial system | Scoop.it

 

Many readers of the European and American press must be confused about what actually is happening in the negotiations between Greece (Alexis Tsipras and Yannis Varoufakis).

 

The European Troika (the IMF, European Central Bank and European Council now object to the name and want to be called simply “the Institutions”) have stepped up their demands on Syriza.

 

What is called “negotiation” is in reality a demand for total surrender.

 

 

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The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’

The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’ | Hidden financial system | Scoop.it

 

We cannot forget that crisis is in itself a distraction as well.

 

Whatever pain we do feel tomorrow, or the next day, or the next decade, remember who it was that caused it all: the international banks and their globalist political counterparts.

 

No matter what happens, never be willing to accept a centralized system.

 

No matter how reasonable or rational it might sound amid the terror of fiscal uncertainty, never give the beast what it wants.

 

Refuse to conform to the dialectic. This is the only chance we have left to get back to true prosperity.

 

Once we cross the line into the realm of worldwide institutionalized interdependency, we will never know prosperity or freedom again.

 

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Greece Declares Troika Debt Illegitimate, Odious, Illegal

Greece Declares Troika Debt Illegitimate, Odious, Illegal | Hidden financial system | Scoop.it

 

People's dignity is worth more than illegal, illegitimate, odious and unsustainable debt

Having concluded a preliminary investigation, the Committee considers that Greece has been and still is the victim of an attack premeditated and organized by the International Monetary Fund, the European Central Bank, and the European Commission. This violent, illegal, and immoral mission aimed exclusively at shifting private debt onto the public sector.

 

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The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi

The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi | Hidden financial system | Scoop.it

 

To summarize: Western economic sanctions on Russia have pushed domestic oil producers to settle crude exports to China in yuan just as Russian oil is rising as a percentage of total Chinese crude imports.

 

Meanwhile, the collapse in crude prices led to the first net outflow of petrodollars from financial markets in 18 years, and if Goldman's projections prove correct, the net supply of petrodollars could fall by nearly $900 billion over the next three years. All of this comes as China is making a concerted push to settle loans from its newly-created infrastructure funds in renminbi.

 

Putting it all together, the PetroYuan represents the intersection of a dying petrodollar and an ascendant renminbi.

 

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Russia and China: Watch Out Moody’s, Here We Come!

Russia and China: Watch Out Moody’s, Here We Come! | Hidden financial system | Scoop.it

 

Now an answer to the Moody’s-Standard & Poors-Fitch US rating monopoly is coming. Not from the EU, where it is long overdue. It is coming from Russia and China, as so many bold and challenging initiatives of late.


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Greek Banks On Verge Of Total Collapse: Bank Run Surges "Massively" As Depositors Yank €700 Million Today Alone

Greek Banks On Verge Of Total Collapse: Bank Run Surges "Massively" As Depositors Yank €700 Million Today Alone | Hidden financial system | Scoop.it

 

This means 2.5% of all Greek deposits were pulled in just the past 5 days! Indicatively, this is the same as if US depositors had yanked $280 billion from US banks (where total deposits amount to about $10.7 trillion)

 

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