Monday, August 17, 2015
Credit to Skywatchtv.com
Willi says, ”The new The new ‘Scheiss’ dollar will probably follow the procedure of the launch of the Euro.
People were given 3 months notice to give their existing paper currency to the bank and exchange it.
I think the new dollar won’t be given that much time, as things are accelerating. When they are are bringing the old dollars to the bank to exchange for the new dollars,
I think that they are going to say “It’s going to be 1 for 1.
And as soon as the procedure is done, they are going to
devalue the Scheiss dollar.”
The Chinese are the biggest holders of Treasury bonds and a year ago, they demanded that the dollar no longer be used as the golobal reserve. It eventually has to be gold, because
You can’t replace one faulty paper system
with another faulty paper system.
It has to go to metal.
I think we are goint to see that 30% that China and the US agreed upon in a compromise. The Chinese said that they wanted te US to devalue the dollar by 50% and the Treasury officials said, “That’s too much! So they decided on a compromise of 2 staggered 30% devalutions of the dollar.
So there you have it. Two 30% devalutaions, which I think the first one happens as soon as people bring in their dollars to exchange, and then they will devalue it in Stage One.
With a 30% price devalution, you will see a
roughly 42% increase in the price of all imported goods.
That is significant. I expect an interim period, and lies…and later, they will actually say the the new dollar has a new firm gold backing. And it will be a lie becaue they will have independent auditors that disprove it.
Then, gold will double and silver will triple.
They are going to reprice the currencies relative to gold.
The Euro is going to be cut in half, relative to gold. The dollar will be cut in half, versus gold.
Venezuala is your laboratory for observing what will happen to the US economy with regard to devaluations. Massive import inflation and shortages of supply and a lot of exodus of money by the rich and renouncing citizenship will occur. That ‘s what Jade Helm is all about, to prevent that!
The elite Americans will be gathering gold, while Americans will be discouraged from buying it.
Credit to: GramsGold.comBack to the future with Mr. Nixon and the devaluation of the dollar.......
Is a great shaking coming to America? An amazing convergence of events is going to take place during the last several weeks of September 2015. Many are suggesting that this could indicate that something really big is about to happen. In fact, some vendors of emergency food are reporting shortagesbecause so many people are stocking up on food and supplies in anticipation of what is coming. And of course the list I am about to share with you is not necessarily exhaustive. There are events that are currently unknown or unanticipated that could also fall during this time frame. But without a doubt, the incredible confluence of events that we already know will happen appears to be unlike anything that we have ever experienced before.
It all starts with the end of the Shemitah year on September 13th. If you are not familiar with the Shemitah year, please see this article. During the last two cycles, we witnessed historic stock market crashes on the very last day of the Shemitah year (Elul 29 on the Biblical calendar). For example, if you go back to September 17th, 2001 (which was Elul 29 on the Biblical calendar), we witnessed the greatest one day stock market crash in all of U.S. history up until that time. The Dow plunged 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 plummeted 777 points, which still today remains the greatest one day stock market crash of all time in the United States.
Now we are in another Shemitah year. It began in the fall of 2014, and it ends on September 13th, 2015.
So will we see a stock market crash in the United States on September 13th, 2015?
No we will not, because that day is a Sunday. So I can guarantee there will not be a stock market crash in the U.S. on that day. But as author Jonathan Cahn has pointed out in his book on the Shemitah, we have witnessed major stock market crashes happen just before the end of the Shemitah year and we have also witnessed major stock market crashes happen within just a few weeks after the end of the Shemitah year. So we are not necessarily looking at one particular date.
And this time around, a whole bunch of critical events just happen to fall in the period of time immediately following the end of the Shemitah year.
The following are 10 things that are going to happen within 15 days of the end of the Shemitah…
September 14th – Rosh Hashanah
September 15th – The Jade Helm military exercises are scheduled to end.
September 15th – The 70th session of the UN General Assembly begins on this date. It has been widely reported that France plans to introduce a resolution which will give formal UN Security Council recognition to a Palestinian state shortly after the new session begins. Up until now, the U.S. has always been the one blocking such a resolution, but Barack Obama has already indicated that things may be different this time around. If alarm bells are going off in your head as you read this, then you probably already understand how significant this event could potentially be.
September 20th to September 26th – The “World Week For Peace in Palestine Israel” sponsored by the World Council of Churches.
September 21st – The UN International Day Of Peace. Could this be the day when the UN Security Council resolution establishing a Palestinian state is actually adopted?
September 23rd – Yom Kippur
September 23rd – Pope Francis arrives at the White House to meet with Barack Obama. Some have suggested that the timing of this event is highly unusual…
Francis is the 266th pope who will be meeting with President Obama on the 266th day of the year, leading one Internet preacher to wonder if “something is being birthed” on that day, since 266 days is the typical human gestation period from conception to birth.
September 24th – The Pope addresses a joint session of the U.S. Congress.
September 25th to September 27th – The United Nations is going to launch a brand new sustainable development agenda called “The 2030 Agenda“. The following is an excerpt from an article that I just wrote about this insidious new plan…
If you didn’t like “Agenda 21″, then you really are not going to like “The 2030 Agenda”. Next month, the United Nations is going to launch “The 2030 Agenda” at a major conference that will be held from September 25th to September 27th in New York City. The Pope is actually traveling to New York to deliver an address which will kick off this conference. Unlike Agenda 21, which primarily focused on the environment, the 2030 Agenda is truly a template for governing the entire planet. In addition to addressing climate change, it also sets ambitious goals for areas such as economics, health, energy, education, agriculture, gender equality and a whole host of other issues. As you will see below, this global initiative is being billed as a “new universal Agenda” for humanity. If you are anything like me, alarm bells are going off in your head right about now.
September 28th – This is the date when the Feast of Tabernacles begins. It is also the date for the last of the four blood moons that fall on Biblical festival dates during 2014 and 2015. This blood moon falls on the very first day of the Feast of Tabernacles, it will be a “supermoon”, and it will be clearly visible from the city of Jerusalem. There are many that dismiss the blood moon phenomenon, but we have seen similar patterns before. For example, a similar pattern of eclipses happened just before and just after the destruction of the Jewish temple by the Romans in 70 AD.
Many have also suggested that the Large Hadron Collider “is scheduled to perform a controversial experiment in September“, but so far I have been unable to find any solid confirmation of this. If someone will send me some solid proof of this, I will be glad to write about it.
Just recently, author Jonathan Cahn released a new video in which he expressed his belief that a “great shaking is coming to America and the world.” He points to the Biblical pattern of desecration preceding judgment, and he is convinced that we recently witnessed a historic act of desecration here in the United States…
Many have asked Cahn whether America is headed for revival or shaking.
He is convinced that revival can come out of shaking.
Personally, I believe that we will not have revival unless there is shaking.
As a nation, we have unapologetically embraced evil, and our culture has been going down the toilet for decades. We are extremely proud, arrogant, greedy and cold-hearted. I do not believe that there is any hope for our nation unless we are shaken to our core.
I am fully convinced that the months ahead are going to dramatically change life in America, but whether it happens right now or not, I am 100 percent convinced that a great shaking is coming to this nation at some point.
So what about you?
What do you believe?
Credit to End of the American Dream
Every quasi-mushroom cloud has a silver lining. That was our cynical conclusion yesterday when we noticed that as part of China's tragic Tianjin mega-explosion, thousands of channel-stuffed cars parked at the Chinese port which likely would have quietly rusted away into the epic nothingness of China's unprecedented excess capacity of pretty much everything, were destroyed, thereby one-time reducing at least some of the gargantuan slack in the Chinese economy.
Which got us thinking: if natural disasters, either accidental or man made, are a tangential blessing to the Chinese economy, why stop at the Tianjin explosion? What about the biggest bogeyman facing China today - its environmental catastrophe, demonstrated best by the impenetrable, carciongenic and toxic smog resulting from the accelerated industrialization of the country, and which the citizens of Beijing, Shanghai, and increasingly more cities, have to breathe in day after day?
It has hardly been a secret that the unprecedented level of pollutants in the Chinese air would impair life expectancy and lead to extensive health problems, but even we were surprised to find out the quantification of China's air problem: according to one study, an average of 4,000 people a day are killed in China, as a result of the dense smog.
According to Bloomberg, "deaths related to the main pollutant, tiny particles known as PM2.5s that can trigger heart attacks, strokes, lung cancer and asthma, total 1.6 million a year, or 17 percent of China’s mortality level, according to the study by Berkeley Earth, an independent research group funded largely by educational grants. It was published Thursday in the online peer-reviewed journal PLOS One from the Public Library of Science."
“When I was last in Beijing, pollution was at the hazardous level: Every hour of exposure reduced my life expectancy by 20 minutes,” Richard Muller, scientific director of Berkeley Earth and a co-author of the paper, said in an e-mail. “It’s as if every man, woman and child smoked 1.5 cigarettes each hour.”
To be sure, Chinese authorities have acknowledged the air pollution situation after heavy smog enveloped swathes of the nation including Beijing and Shanghai in recent years. As a result, they’ve adopted air quality standards, introduced monitoring stations and cleaner standards for transportation fuel while shutting coal plants and moving factories out of cities. So far, however, all the proactive measures seem to have little result.
“The PM2.5 concentrations far exceed standards, endangering people’s health, though air quality has improved in the first half in the 358 Chinese cities,” said Dong Liansai, climate and energy campaigner at Greenpeace East Asia.
As Bloomberg further reports, Muller and co-author Robert Rohde analyzed four months of hourly data for some 1,500 ground stations in China. They then employed a model used by the World Health Organization to calculate the disease burden.
They found that 92 percent of China’s population experienced at least 120 hours of unhealthy air during the April 5, 2014, to Aug. 5, 2015 study period. For 38 percent of the population, the average pollution level across the entire four-month period was deemed unhealthy.
Here one may wonder whether the US DOE funded Berkley researchers were pursuing some specific, anti-coal agenda, as confirmed by the following assessment:
"the Berkeley Earth researchers also examined where the pollutants were detected and concluded that the sources of PM2.5s matching those for sulfur dioxide suggests most of the pollution comes from burning coal.“Sources of pollution are widespread but are particularly intense in a northeast corridor that extends from near Shanghai to north of Beijing,” the researchers wrote. “Extensive pollution is not surprising since particulate matter can remain airborne for days to weeks and travel thousands of kilometers.”China gets about 64 percent of its primary energy from coal, according to National Energy Administration data. It’s closing the dirtiest plants while still planning new, cleaner ones. The country is expected to shut 60 gigawatts of plants from 2016 to 2020 though three times as many plants are scheduled to be built using newer technology, according to Sophie Lu, a Bloomberg New Energy finance analyst in Beijing.To cut reliance on coal, the nation also wants to derive 20 percent of its energy from renewables and nuclear by 2030, almost double the current share.
But whether it is due to coal or not, is irrelevant: the truth is that China does have a problem with preserving its environment and keeping the quality of its air. Some examples shown previously:
Pollution from a factory in Yutian, 100km east of Beijing
Smog In Beijing
Fishermen clean up oil at an oil spill site near Dalian Port, Liaoning province
Heavily Polluted River In Jiaxing, Zhejiang
Journalist takes a sample of red polluted water in the Jianhe River in Luoyang
Heavily Polluted River
* * *
Which got us thinking: if the Tianjin explosion unclogged the car channel stuffing problem, if only for a few days, then perhaps China pollution serves a different, more ulterior purpose.
Recall that the US social security trust fund is going broke faster by the day since Americans refuse to die at the age they were expected to die when social security was first conceived 80 years ago. As a result, because of progress one of the biggest entitlement systems in the US is on the verga of default.
When it comes to pension and retirement benefits, the US, with its 330 million people, is nothing compared to China with its 1.2 billion and rising. So what is the best way to "resolve" this problem? Perhaps by introducing an external agent, one that culls the population at a pace of 4000 (and rising rapidly) per day.
Because while the number of deaths resulting from China's smog is astounding, something else very surprising is how little progress has been achieved in the battle to clean up China's air in the past several years, especially since any long-lasting clean up would also lead to a permanent reduction in the industrial output of China's manufacturing heartland and lead to, drumroll, a violent drop in GDP, a drop which as the current episode demonstrates, would lead to a collapse in the Chinese stock market, an even greater pop in the housing and credit bubble, and far more violent devaluation of the local currency with the attendant negative global economic impact. Not to mention lead to an extension in the longevity of China's population, which the local actuaries have just one word for: crisis.
Which is why despite all the rhetoric, and all the "reform" don't expect China's pollution problem to get better. In fact, expect it to deteriorate substantially because in the immortal words of that other famous communist, "When there's a person, there's a problem. When there's no person, there's no problem" and China's pollution is taking care of 4000 problem each and every day...
Credit to Zero Hedge
Currently, the US Department of Defense (DOD) is reviewing the total number of F35s it will purchase. According to a report released by the National Security Network, the DOD plans to purchase and operate nearly 2, 500 aircrafts costing US around $1.4 trillion.
When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.
Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.
1 - China slowdown
China was the great saviour of the world economy in 2008. The launching of an unprecedented stimulus package sparked an infrastructure investment boom. The voracious demand for commodities to fuel its construction boom dragged along oil- and resource-rich emerging markets.
The Chinese economy has now hit a brick wall. Economic growth has dipped below 7pc for the first time in a quarter of a century, according to official data. That probably means the real economy is far weaker.
The People’s Bank of China has pursued several measures to boost the flagging economy. The rate of borrowing has been slashed during the past 12 months from 6pc to 4.85pc. Opting to devalue the currency was a last resort and signalled the great era of Chinese growth is rapidly approaching its endgame.
Data for exports showed an 8.9pc slump in July from the same period a year before. Analysts expected exports to fall only 0.3pc, so this was a huge miss.
The Chinese housing market is also in a perilous state. House prices have fallen sharply after decades of steady growth. For the millions who stored their wealth in property, it makes for unsettling times.
2 - Commodity collapse
The China slowdown has sent shock waves through commodity markets. The Bloomberg Global Commodity index, which tracks the prices of 22 commodity prices, fell to levels last seen at the beginning of this century.
The oil price is the purest barometer of world growth as it is the fuel that drives nearly all industry and production around the globe.
Brent crude, the global benchmark for oil, has begun falling once again after a brief rally earlier in the year. It is now hovering above multi-year lows at about $50 per barrel.
Iron ore is an essential raw material needed to feed China’s steel mills, and as such is a good gauge of the construction boom.
The benchmark iron ore price has fallen to $56 per tonne, less than half its $140 per tonne level in January 2014.
3 - Resource sector credit crisis
Billions of dollars in loans were raised on global capital markets to fund new mines and oil exploration that was only ever profitable at previous elevated prices.
With oil and metals prices having collapsed, many of these projects are now loss-making. The loans raised to back the projects are now under water and investors may never see any returns.
Nowhere has this been felt more acutely than shale oil and gas drilling in the US. Tumbling oil prices have squeezed the finances of US drillers. Two of the biggest issuers of junk bonds in the past five years, Chesapeake and California Resources, have seen the value of their bonds tumble as panic grips capital markets.
As more debt needs refinancing in future years, there is a risk the contagion will spread rapidly.
4 - Dominoes begin to fall
The great props to the world economy are now beginning to fall. China is going into reverse. And the emerging markets that consumed so many of our products are crippled by currency devaluation. The famed Brics of Brazil, Russia, India, China and South Africa, to whom the West was supposed to pass on the torch of economic growth, are in varying states of disarray.
The central banks are rapidly losing control. The Chinese stock market has already crashed and disaster was only averted by the government buying billions of shares. Stock markets in Greece are in turmoil as the economy grinds to a halt and the country flirts with ejection from the eurozone.
Earlier this year, investors flocked to the safe-haven currency of the Swiss franc but as a €1.1 trillion quantitative easing programme devalued the euro, the Swiss central bank was forced to abandon its four-year peg to the euro.
5 - Credit markets roll over
As central banks run out of silver bullets then, credit markets are desperately seeking to reprice risk. The London Interbank Offered Rate (Libor), a guide to how worried UK banks are about lending to each other, has been steadily rising during the past 12 months. Part of this process is a healthy return to normal pricing of risk after six years of extraordinary monetary stimulus. However, as the essential transmission systems of lending between banks begin to take the strain, it is quite possible that six years of reliance on central banks for funds has left the credit system unable to cope.
Credit to The Telegraph