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http://www.reuters.com/article/2015/03/24/us-china-imf-idUSKBN0MK05220150324

Full speed ahead (apparently).
 
So apparently the deadline for countries to sign on with the AIIB was end of March and the USA rejected the opportunity while most of Europe has signed on....


 
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http://www.zerohedge.com/news/2015-04-12/gold-backed-sdr-quite-likely-happen-lses-lord-desai-warns

First of all, I had never heard of the "Official Monetary and Financial Institutions Forum". So I tried to look it up, but their website (omfif.org) isn't resolving for me right now.

Assuming that this organization is connected with cognescenti at the IMF, etc. It's amazing how much he sounds just like Mr. Rickards.
 

More: http://dailyreckoning.com/my-conversation-with-ben-bernanke/
 
Bernanke is an irrelevant footnote at this point. It's probably best for all if he simply keep his head down at this point, just as should that idiot fossil Greenspan. Those two have done enough damage already. China has already surpassed the US with their gold reserves and we know it, they just don't report it. One look at their domestic mioning capacity tells that tale. They export zero of their production and they import absolutely stunning quantities, so the math is irrefutable. The official numbers simply don't jive with reality.

We'll all sit in horror and watch their stawk market vaporize in the coming days and weeks, followed by ours and Europe's, as the Greek tragedy unfolds. Spain, Portugal and Italy are slowly strangling against the hangman's noose of EU imposed "austerity" forced upon them by the nannycrats in Brussels, all so that the banksters can get their due and the bond holders are paid their vig.

Fourth quarter is shaping up to be a real whiz bang boys and girls, so stock up on the beer and popcorn.
 
Yes, he is a footnote and not a player at the moment, but he is still connected and in the loop. His comments with respect to the global plan are still worth evaluating IMO. It provides insight into the current NWO thought process (at least from the American side).
 
China has been dumping US Treasuries while acquiring gold...
http://www.zerohedge.com/news/2015-...mping-us-treasuries-leaves-goldman-speechless

I guess they like to buy low and sell high?
 
Very interesting article on China, emerging markets, treasuries and global depression: http://www.zerohedge.com/news/2015-...markets-realize-china-forced-seller-treasurys
 

More: http://www.reuters.com/article/2015/08/04/us-imf-currency-china-idUSKCN0Q929G20150804
 
Plan B allegedly involves gold backing for the yuan and a proper bunfight between currencies ...............

Be interesting if this is an unintended consequence but as Jim Rickards has been gaming this and advising those who control on the matter, its likely they've already factored this and planned a counter to it )-:
 
I lol'd when I read this:
The report said the implementation of any formal decision to add the yuan to a basket of currencies comprising dollars, euros, pounds and yen should be delayed so as not to disrupt financial market trading on the first day of 2016.

Why would adding the yuan to the basket "disrupt financial market trading"?

Why is the first day of 2016 any more significant than any other day?

It's such a lame excuse that I can only read that as a "sorry, China, you need to sit in time out a bit longer".
 
Oh snap!


More: http://www.reuters.com/article/2015/08/11/us-markets-global-idUSKCN0QG00F20150811

Superficially, this looks like a "fuck you" to USA & Japan for the recent IMF denial of the yuan in the SDR basket.
 

More (with many pretty charts): http://www.zerohedge.com/news/2015-...-hits-2-year-high-after-china-devalues-curren
 

More: http://www.reuters.com/article/2015/08/12/china-yuan-pressure-idUSL3N10M4Q420150812
 
Hey! Rickards agrees with me vis a vis the China/IMF/SDR decision prompting the Yuan devaluation (starts at around 2:30 mark):

 
Well, is China trying to help Trump get elected? First he brings up illegal immigration, then there are a couple high profile murders by illegal aliens in sanctuary city. He always talks about how we're getting screwed by China, now there is this.
 
Rickards expanded a bit on his comments in the video in this column he wrote:
http://dailyreckoning.com/china-destroys-the-august-myth/
 
This happened a week ago, but I missed it:


At the end of the video, Kerry expresses concern about the dollar losing it's reserve currency status:
John Kerry said:
“That is a recipe very quickly, my friends, business people here, for the American dollar to cease to be the reserve currency of the world – which is already bubbling out there.”
 
Every argument they make for this deal is laughable at best, but it's hard to keep the smile on your face for long as there is so much at stake. The whole "It's either this deal or we go to war with iran!" Really? So is barry going go attack iran if it isn't approved by congress? (should I say successfully blocked by congress as barry back doored this thing straight to the un without going through congress first) If barry doesn't plan on attacking first if the deal is blocked, then iran will be attacking us first. What will they be attacking with and where? Them launching any kind of attack on us would be (under a normal president at least) all the justification needed to make iran a U.S. territory after we beat into submission, and if that means killing every man, woman and terrorist in training, so be it.
 
What is remarkable about the video and the quote is that the US Secretary of State is openly talking about "the American dollar to cease(ing) to be the reserve currency of the world – which is already bubbling out there."

I can remember when I first started talking about this subject in other forums (before I launched pmbug.com) and got the usual "lol, you are the village idiot" type of feedback. That was years ago. Some people just can't think past next week I guess.
 


I was watching something, or more like listening to something while doing something else, and the person was talking about all the crap barry had screwed up and he said he brought down the strongest currency iin the world. I said out loud "What's going on, did the Pound just collapse?!" My humor is wasted on my wife. :rimshot:
 
China is using our treasuries to hold together their stock market, to buy up natural resources around the world and to build their own infrastructure. We buy their crap and they turn around and buy up our real estate.

There's no two ways about it, it China crashes and burns, they take the rest of us with them.
 
ZH with some speculation on the how much China is going to have to dump to stabilize the Yuan and markets:

http://www.zerohedge.com/news/2015-...asury-liquidation-means-1-trillion-qe-reverse

My takeaway:
  • Yuan devaluation caused RMB carry trade to start unwinding
  • RMB carry trade could cost $1.1 Trillion to fully unwind
  • As RMB carry trade unwinds, China is either forced to liquidate Treasuries or impose stricter FX controls (which would be counter productive towards their goal of getting the Yuan in the SDR basket)
So it seems that China is essentially forced to liquidate Treasuries if they want to keep on schedule for free floating the Yuan (for SDR inclusion). ZH claims that:
 

http://thebricspost.com/100bn-brics-monetary-fund-now-operational/#.VexvNxHBzGc

The seed has sprouted.
 
Just saw this (published a week ago):
More: https://www.rt.com/business/314732-china-oil-contracts-dollar-yuan/
 
So eerrrr

what happened to the September 'collapse' ? :flail:

you know those special times and 7 year cycles and the US becoming a military playground .... and all the banksters heading off to their special places etc .....

Or is it scheduled to happen tonight / tomorrow when theres a blood moon and an eclipse ?


Should I fill my tank and restock the bunker ? :wave:

or just buy a tonne or two of gold ffftt:ffftt:
 
lol. I didn't pay any attention to that nonsense. There is plenty of real news to keep track of. The world's economic/monetary system has plenty of red-line stress in it. Risk is high enough that a domino could start a disorderly unwind. It's enough justification for smart, conservative preparation.

Wild eyed speculation and fantasy only serves to undermine those who promulgate it.
 
So eerrrr


Should I fill my tank and restock the bunker ? :wave:

or just buy a tonne or two of gold ffftt:ffftt:

The first one should be done regardless of what a bunch of talking heads or internet trolls say, as for the second, if you can afford it, go for it. :judge:
 
all that pasta and rice that i shoulda eaten by 2009 and even the chicken turn their beaks up at it ........

and that strange green soup powder that never got used after Y2K ....

What should I buy this time ?
 

We do a lot of our own stuff too, canning, vacuum sealing rice, wheat and other stuff with an O2 absorber then put that in mylar bags with O2 absorbers just in case then in a pail to protect the mylar bag further. We buy some of the pre canned stuff mostly augason farms and mountain house, heard lots of bad reviews about the wise stuff.
 
16 places in 3 years is too fast. I think we might see it fall before it takes over. Their "growth" has been anything but organic, and with their frenetic buying of stocks to support their collapsing stock market, I don't see how it can hold together forever. Maybe at three percent growth, slow and easy like, but not with continuous construction of ghost cities and power plants that don't send electricity anywhere.
 
IMF credibility at stake? They never had any to begin with. Their existence is testimony to the ability of a handful of individuals ability to destroy once viable nations with onerous loans and horrific conditions of repayment.
 

http://tass.ru/en/economy/827143


http://gata.org/node/15844
 
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