Submitted by DirtPerson Steve
China has just completed its first trade of liquefied natural gas (LNG) settled in yuan, the Shanghai Petroleum and Natural Gas Exchange said on Tuesday.
Chinese state oil and gas giant CNOOC and TotalEnergies completed the first LNG trade on the exchange with settlement in the Chinese currency, the exchange said in a statement carried by Reuters. Continue reading “THERE GOES THE DOLLAR”
In Part 1 of this article I laid out how the global elite have used this covid flu to manipulate the weak minded into a fear induced mass psychosis as a key element in their Great Reset plan to control the world and keep you technologically enslaved under lock and key. Now I will try to decipher how this mass hysteria might play out over the course of 2022 and beyond.
“Americans today fear that linearism (alias the American Dream) has run its course. Many would welcome some enlightenment about history’s patterns and rhythms, but today’s intellectual elites offer little that’s useful. Caught between the entropy of the chaoticists and the hubris of the linearists, the American people have lost their moorings.” – Strauss & Howe – The Fourth Turning
“The most effective way to destroy people is to deny and obliterate their own understanding of their history.” ― George Orwell
The American Dream, where all Americans, no matter the circumstances of their birth, had a legitimate opportunity to live a better life than their parents, based upon their own intelligence, work ethic, and good fortune, is an illusion in today’s world. The ruling elite have stolen the wealth of the nation and its citizens. This was not an accident, but a plan implemented over many decades, accelerating after Nixon closed the gold window and opened the door to unlimited amounts of debt being created out of thin air and backed by nothing.
Continue reading “FOURTH TURNING 2022 – BAD MOON RISING (PART 2)”
From Birch Gold Group
Reality always wins in the end.
It doesn’t matter if you’re excited about the economy or its outlook. Unless some economic scam is being perpetuated (unlikely), fundamentals always play a factor, and guide the U.S. economy through peaks and valleys.
Fundamentals like supply, demand, inflation, deflation, and so on. At some point, even the mainstream media “hype circus” won’t be able to manufacture enough consent to maintain any stock market illusions that things are “just peachy.” Reality always cuts through the noise, and we could be approaching that point right now.
For example, Brian Maher wrote: “The gap between stock market and economy presently spans to preposterous dimensions.”
Continue reading “Would the Last Market Bull With the Last Dollar Please Turn Off the Music?”
For most of the ninety years since James Truslow Adams coined the term American Dream, most Americans still believed the fairy tale of the American Dream, that no matter how humble your beginnings, everyone had a fair chance to become a success in America, based upon your individual talent, intelligence, work ethic and a society that rewarded those who exceled. Sadly, that dream is no longer achievable for most Americans. Our society has devolved into an oligarchy since The Epic of America was published in 1931, where a powerful few rule over a willfully ignorant many through propaganda, mistruth, fear, and an iron fist.
“But there has been also the American dream, that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position…
The American dream, that has lured tens of millions of all nations to our shores in the past century has not been a dream of merely material plenty, though that has doubtlessly counted heavily. It has been much more than that. It has been a dream of being able to grow to fullest development as man and woman, unhampered by the barriers which had slowly been erected in the older civilizations, unrepressed by social orders which had developed for the benefit of classes rather than for the simple human being of any and every class.” – James Truslow Adams – Epic of America – 1931
Continue reading “FROM AMERICAN DREAM TO AMERICAN NIGHTMARE”
Authored by James Rickards via The Daily Reckoning,
The Bretton Woods conference of 1944 set the global financial system that still prevails today.
The period 1969-1971 can be regarded as the First Reset, which involved the creation of Special Drawing Rights (SDR, ticker:XDR), the devaluation of the dollar and the end of the gold standard.
For years, commentators (myself included) have discussed the next global monetary realignment, which is sometimes called The Big Reset or The Great Reset.
Now, it looks like the long-expected Great Reset is finally here.
Guest Post by Simon Black
Nearly 186 years ago to the day, on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt.
Jackson was a staunch fiscal conservative. He despised banks, and, according to his biographer, he considered central banking “black magic”, and the national debt a “moral failing”.
So he paid it all off– roughly $5 million.
Continue reading “2021 may be the year that the world loses confidence in the dollar”
Guest Post by Simon Black
In late November 1943, as World War II raged in Europe and the Pacific, leaders of the ‘Big Three’ allied nations– the United States, United Kingdom, and Soviet Union, held a key strategy meeting in Tehran.
It’s hard to imagine anymore that the United States and Soviet Union were, at least for a time, allies. Many of us grew up in a world where the Cold War dominated, and threat of mutual nuclear annihilation was ever-present.
But it wasn’t always that way.
Relations between the Soviet Union and the West started out as fairly neutral in the 1920s. And even by the mid-1940s the two sides were allies.
The conference in Tehran (followed by another meeting in Yalta in early 1945) represented the high water mark in cooperation between the Soviet Union and the West.
Continue reading “This is one of the single biggest threats to the dollar today”
Guest Post by Simon Black
Recently I held a live Q&A Zoom call with my friend Peter Schiff, and several dozen members of our Total Access group.
And towards the end of the call, one of our members asked– what do you think the future looks like for the US, and the West in general?
Peter went off into one of his classic tirades about how the US dollar is doomed because of how much money the central bank is printing.
And while I generally share Peter’s dim view about the dollar (were it not for all the other world currencies that are being printed into oblivion), my answer was a bit different. Continue reading “Economic prosperity is no longer the priority. Guess what happens next…”
From Brandon Smith
I have been telling readers to put savings into gold and silver for well over 14 years now, and in that time, precious metals have had spectacular rallies as well as intense corrections. Weak hands have been selling and strong hands have been buying and holding for some time now. We have done this with the expectation of something far more than just a parabolic event; some of us have been predicting an economic crisis the likes of which have not been seen in almost a century.
Authored by Tom Luongo via Gold, Goats, ‘n Guns blog,
Dyin’ ain’t much of a livin’, boy
– The Outlaw Josey Wales
The Davos Crowd is desperate.
That much has been clear to me for months.
From the moment they tied COVID-19 to the breaking of the oil markets back in March they have worked like no other time in history to convince us the world we knew was gone.
The latest iteration of this big lie is the all-out assault on the U.S. dollar. Now for months a few analysts like me have been steadfast in reminding everyone that no matter how much money the U.S. prints in the short run, it is only doing so because of the extreme levels of latent and active dollar demand in the world.
Continue reading “The Big Lies: The EU Is Fixed, The Dollar Is Dying, & COVID Will Kill You”
From Birch Gold Group
The U.S. dollar’s status as the global reserve currency has been under attack for many years. But today, these attacks seem to be expanding and intensifying. Let’s look at three recent developments.
Now that most state economies have at least started to reopen, Goldman Sachs is betting against the dollar, according to a recent CNBC article:
In a note over the weekend, Goldman strategists said that while they had maintained that it was too early to look for “outright and sustained Dollar downside given the balance of cyclical risks,” shorts on the dollar now looked attractive in certain currency crosses.
Continue reading “As Economies Reopen, the USD Faces this Triple Threat”
Guest Post by Simon Black
Nearly seven centuries ago in the mid-1300s, the first major outbreak of the Bubonic Plague forced Europeans into some of the harshest social distancing measures in history.
As Boccacio wrote in The Decameron in 1353, the hysteria was so extreme that “brother abandoned brother. . . fathers and mothers refused to see and tend their children, as if they had not been theirs.”
When people sensed the worst was over, they slowly came out of their homes.
Continue reading “They’ll wreck the currency if they have to”
How many different beneficiaries of the Wuhan virus can TBP readers come up with?
I will kick things off:
Guest Post by Simon Black
In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.
Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.
Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.
It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.
But this weapon has nothing to do with America’s nuclear arsenal. It doesn’t even require bullets.
I’m talking about the US dollar.
Continue reading “Uncle Sam just used its financial nuclear weapon again”
Last week we reported that something strange was going on at the same time that central banks are injecting $100 billion each month in electronic money to crush volatility and ramp markets: a similar amount in physical currency and precious metals was literally disappearing.
The mystery, in a nutshell, was as follows: while banks are printing more bank notes than ever, these seem to be “disappearing off the face of the earth” and nobody knows where or why, or as the WSJ notes, “central banks don’t know where they have gone, or why, and are playing detective, trying to crack the same mystery.”
And while readers can read up much more on the topic of disappearing hard assets here, a few days after, Fox Business picked up on this thread, writing that almost $1.5 trillion of the world’s physical cash, with $100 dollar bills making up the vast majority, was reportedly unaccounted for.
So what happened to the money?
Continue reading “Steven Mnuchin Explains Why $1.5 Trillion In $100 Bills Have Disappeared”