Chinese President-for-Life Xi Jinping is warning that the glorious Communist Party of China (CPC) “is facing long-term and complex tests in terms of maintaining long-term rule, reform and opening-up, a market-driven economy, and within the external environment.” Or at least that’s how BilderBloomBerg is putting it. Rothschild Reuters, for its part, is characterizing Xi’s latest pronouncement as a warning about black swans and gray rhinos. And all of this just as the Chinese GDP has slowed to its lowest growth rate since the 2009 crisis, and just after the reports that Xi has “opened the door to war with Taiwan.” So what does all of this mean? Is the Chinese…
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How Executive Order 6102 Doomed America
Source: Alt-Market September 28, 2018 Bill Bonner This article was originally published at Bonner And Partners Today, we woke up in Buenos Aires with a disagreeable headache… and a depressing hypothesis: First, it doesn’t matter whether Brett Kavanaugh is on the Supreme Court or not; one more Deep State toad won’t make any difference. Second, the Supreme Court has been derelict in its duty for the last 80 years. For years, the Court has looked the other way as the feds robbed one class of citizen (ordinary, working people) and rewarded another (the elite). Third, as a result, the American empire faces a catastrophic money crisis… probably accompanied by internal…
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The Death of SWIFT and the (Engineered) Death of the Dollar
Source: The Corbett Report September 2, 2018 James Corbett Remember when I told you about “China’s SWIFT Alternative and the (Engineered) Death of the Dollar“? Well, now it’s Germany’s turn to get in on the act. As the Rothschild Financial Times reports: Germany’s foreign minister has called for the creation of a new payments system independent of the US as a means of rescuing the nuclear deal between Iran and the west that Donald Trump withdrew from in May. Writing in the German daily Handelsblatt, Heiko Maas said Europe should not allow the US to act “over our heads and at our expense”. “For that reason it’s essential that we…
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Prelude To A 2008 Event: Paper Gold Manipulation Intensifies
Source: Activist Post July 18, 2018 By Dave Kranzler The trading action in the paper gold markets of London and NY this week further convinces me that gold is being pushed down in price by the Western Central Banks similar to the take-down in the paper price that occurred in 2008. The motive is to prevent a soaring gold price from signalling to the markets that a big problem is percolating in the global economic and banking systems. Once again, in the early morning the price of gold was slammed just after the London a.m. price Fix (3 a.m. EST) and again at the open of the Comex gold pit…
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Global Economy: Between A Rock And A Hard Place
Source: The Corbett Report July 7, 2018 James Corbett Well, it’s official: “Japan Inc.” is now “Bank of Japan Inc.” Oh, OK, not officially official, but just about. As the Nikkei Asian Review reports, the Bank of Japan (BOJ) is now a top-10 shareholder in a whopping 40% of the listed companies in the country. That’s right, having purchased 25 trillion yen ($227 billion) worth of exchange-traded funds in the past eight years, Japan’s central bank is now one of the top 10 shareholders in 1,446 out of 3,735 companies listed on the Tokyo Stock Exchange. Even the banksters admit they’ve painted themselves into a corner with their stock buying…
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Global Debt is Now an Insane $164 Trillion, but Who Exactly Do We Owe?
Source: Waking Times April 19, 2018 Isaac Davis If you’ve ever wondered why the world seems hopelessly fraught with endless conflict, ruled corrupt states, and bent on developing a never-ending supply of advanced weaponry, you’d need to understand the nature of our debt based economy. The IMF has just reported that total global debt is now at a staggering $164 trillion, which amounts to 225% of total global GDP. Every person on this planet could turn over everything they produce for the next two plus years and we’d still be in debt. The number is now so astronomically high that its impossible to pay off, and so there really is…
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UPDATE – China to start paying yuan for oil
Source: The Corbett Report April 2, 2018 James Corbett No sooner had I penned my editorial on how “The Petroyuan Was Born This Week” than the next piece of the puzzle arrived: China is set to start buying oil directly with yuan this year. You may not know it, but this could be one of the most important stories of the decade. This video (UPDATE – China to start paying yuan for oil) was originally created and published by Corbett Report and is published here under a Creative Commons license with attribution to James Corbett and CorbettReport,com. It may be re-posted freely with proper attribution, author bio, and this copyright statement. Related Posts:The Petroyuan Was…
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The Petroyuan Was Born This Week. Here’s What It Means.
Source: The Corbett Report March 31, 2018 James Corbett It has been promised for 25 years. Its coming has been heralded as a world-changing event. It has launched a thousand headlines in the last few months. And it happened this week. But if you blinked you would have missed it. What am I talking about? Why, the launch of a Chinese yuan-denominated oil futures contracts on the Shanghai International Energy Exchange, of course! Or, in more headline-appropriate terms: The Birth of the Petroyuan! Considering this event has been in the works for literally a quarter of a century (since the Chinese tried and failed to launch such a contract in…
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Down With The Ship: Meet Jay Powell, the New Fed Chairman
Source: The Corbett Report February 17, 2018 James Corbett Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987, the markets suffered through “Black Monday,” a devastating sell-off that saw the Dow Jones lose a record 22.6% in a single day. Ben Bernanke became chairman in February of 2006. In May of that year, the markets stumbled through a 7.8% sell-off on the rocky road to the Bear Stearns and…
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True Lies: The Financial Press Just Admitted the Markets are a Sham
Source: The Corbett Report January 21, 2018 James Corbett Sometimes the truest of hard truths are to be found smack dab in the middle of the fakest of fake news. You just have to read between the lines. Take a recent story that bubbled up amid all the hype about the all-time record highs in the “What Could Possibly Go Wrong?” manipulated stock markets. You might have seen it. It was reported all over the usual MSM dinosaur fake news financial press outlets. Here’s the headline that the mother ship of the banksters’ fake news press, the Financial Times, ran with: And here’s the NY Times formulation: And, perhaps most…
