Foreign Banks Bypassing U.S. To Clear And Settle International Financial Debts

Foreign Banks Bypassing U.S. To Clear And Settle International Financial Debts

The way the international trade system is set up right now, most international financial transactions must pass through the US banking system’s network of correspondent accounts.  This gives the US government an incredible amount of power… and if you know anything about the US government, you know they will extort any amount of power they can. For example, in 2014, the Obama administration fined French bank BNP Paribas $9 billion for doing business with countries that the…

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The U.S. Dollar Collapse Has Begun- Gold On The RISE!

The U.S. Dollar Collapse Has Begun- Gold On The RISE!

Today, the US government released its jobs report.  The market was expecting an additional 200,000 jobs to have been added in May, but instead, that number was less than 1/5 of that expectation, at a mere 38,000. As a result, within minutes the US dollar took a massive dive by currency standards, falling one entire cent in just a few seconds. Click below to see larger view of U.S. Dollar as of 06/03/16 While the IMF, Obama…

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Is the US Following in the Footsteps of Venezuela?

Is the US Following in the Footsteps of Venezuela?

When socialist countries collapse- and they always do- it is always interesting to watch what they do near the end.  All one has to do is open his eyes, and he can see the danger signs. Jeff Berwick, of the Dollar Vigilante, recently traveled to Cracas, Venezuela, to get an accurate account of the shape the country is currently in. Jeff reports Venezuela is now in terrible hyperinflation.  They have actually begun flying in plane loads…

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China Refuses to make its new gold-backed Yuan convertible to or from US Dollars

China Refuses to make its new gold-backed Yuan convertible to or from US Dollars

In a shocking move, likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible to or from US Dollars. _________________________________________________ The new Yuan, which will be gold-backed, will be introduced next Tuesday, April 19, 2016.  China decided to make the Yuan a more reliable currency when the International Monetary Fund (IMF) agreed to add it to the list of world currencies used for Global Reserves and International Trade. China has…

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Feds and Bank of Japan Meet on Monetary Policy

Feds and Bank of Japan Meet on Monetary Policy

Bankers at both the U.S. Federal Reserve and the Bank of Japan (BoJ) met in the last 12 hours (on April 28) to decide where they would take monetary policy next. But, when they sat down to make decisions, they realized their options were limited. There was a lot they wanted to do but little they could do. Japan’s central bank pushed borrowing rates down into negative territory in January, joining its counterparts in the European Union,…

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