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.
“Once upon a time, your dollar was as good as gold,” Mr. Paul said, speaking at an event organized by the libertarian-leaning group Liberty Iowa. “Then for many decades, they said your dollar was backed by the full faith and credit of government. Do you know what it’s backed by now? Used car loans, bad home loans, distressed assets and derivatives.”
It was probably leased or sold by the Fed to a bullion bank. The buyer was most certainly China and this is where the gold is now. All Germany has is a paper claim on the Fed. And the Fed can of course never find the physical gold at anywhere near current prices.
Somebody is a selling a fistful of US Treasuries. It could be Russia, or China, Turkey, South Africa, or Indonesia, or all frantically selling bonds at the same time for different reasons. We don’t yet know.
All we know is that the US Federal Reserve’s custody holdings on behalf of foreign central banks plunged by $106bn in the week ending March 12, the biggest one-week drop on record.
If you were to store some emergency funds with a friend who promised to get them back to you whenever you asked, and then you ask and are told it'll be a few years before he'll get you the cash, what assumption would you make?
Actually, the Bitcoin protocol has more potential than merely rendering the banks and Wall Street obsolete. It could become the global ledger of companies, stocks, contracts, patents, insurance and so on without the need for paper pushers in the middle. This protocol changes everything. The sooner you comprehend that, the better for you and for society. But that's a whole other article.
The “disconnect” is most clearly expressed in the United States, where the Federal Reserve’s policy of pumping trillions of dollars into financial markets has seen stock market indexes reach record highs, while the underlying economy stagnates and reverses.
Last week, it was revealed that the US economy contracted almost 3 percent in the first quarter of 2014, but stock markets climbed even further in the belief that the on-going stagnation would lead to the provision of still more ultra-cheap money.
The BIS then took aim at the Fed’s policy of informing financial markets of its intentions.
[ ] the very policies being implemented, supposedly with the aim of preventing a financial crisis, may well be creating the conditions for one.
Why would China and other countries take on the risk of this debt? Simple, it’s economic reset or economic collapse. Its in the worlds interest to re-structure the U.S. debt to save the whole whale from beaching itself.
Today, our bought and paid for Senators endorsed Stanley Fischer to be Vice Chair directly in line behind Janet Yellen. Basically, when Yellen is taken out for incompetence Fischer will be placed in her spot. Why is it being done this way? …because Fischer could not have gotten the nod from Congress to be the Chairman as a standalone candidate even though he calls all the shots already!!!
In 1932 the brilliant, courageous, patriotic Chairman of the Banking and Currency Committee, Congressman Louis T. McFadden, was American’s first, most informed, and most eloquent anti-FED champion. His crusade, from the floor well of the U.S. House of Representatives, outlined below, is particularly “sacred” because McFadden paid for his brave efforts to expose this FED fraud with his life: he was assassinated.
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