Newbill takes a look at how currency is a part of a Leftist agenda to wrangle the USA away from being the international currency of trade. The emails suggest that China is the primary culprit behind this global Leftist agenda. There is a story about “ghost cities” possibly causing a financial crisis due real estate speculating; however it is my opinion you should read between the lines on that story. China is a controlled economy and they are not going to literally allow the construction of empty metropolitan areas without a specific purpose in mind. As you read behind the lines on the ghost city you really need to contemplate why China would allow such an expansion of real estate to occur.
JRH 12/16/13
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Story about Wall Street Living off Fake Money
Sent: 11/13/2013 8:05 AM
They are doing this because of Peak Earth Ideology [Editor: Here is a gist of Peak Earth Ideology] and this gives them Control over consumption rates of the Consumer. Squeezing resources will be the future and bending the cost curve will mean lowing the life expectancy rate.
Dividing the society is key to accomplishing this goal.
The story about Wall Street living off Fake Money from the Federal Reserve Proves the International market Scheme is Over and the USA is only running higher and higher debts to try and keep it going!!!!
I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. By that point in the... (To read the rest you have to be a subscriber or subscribe to the WSJ - Andrew Huszar: Confessions of a Quantitative Easer; 11/11/13)
This is why I think the best hope for the USA is to isolate and get back to being a Self-Supplying Nation. We have plenty of resources for our sustainable Population, it’s when we try and supply the rest of the world that we are running into and running out of what we need to survive let along innovating any new expansion in or renewable resource supply.
(CNN) Editor's note: Paul Gilding, author of "The Great Disruption," is an advocate and adviser to nongovernmental organizations and businesses and the former chief executive of Greenpeace. He spoke at the TED2012 conference in February. TED is a nonprofit dedicated to "Ideas worth spreading" which it makes available through talks posted on its website.
(CNN) -- For 50 years the environmental movement has unsuccessfully argued that we should save the planet for moral reasons, that there were more important things than money. Ironically, it now seems it will be money -- through the economic impact of climate change and resource constraint -- that will motivate the sweeping changes necessary to avert catastrophe.
The reason is we have now reached a moment where four words -- the earth is full -- will define our times. This is not a philosophical statement; this is just science based in physics, chemistry and biology. There are many science-based analyses of this, but they all draw the same conclusion -- that we're living beyond our means.
The eminent scientists of the Global Footprint Network, for example, calculate that we need about 1.5 Earths to sustain this economy. In other words, to keep operating at our current level, we need 50% more Earth than we've got.
In financial terms, this would be like always spending 50% more than you earn, going further into debt every year. But of course, you can't borrow natural resources, so we're … READ THE REST – be warned its pro-Climate Change propaganda (The Earth is full; By Paul Gilding; CNN; 4/8/12)
Population is a complicated topic. With the worldwide population slated to top 7 billion in 2011, we decided it was one we needed to tackle. But we wanted to do it in a way that gives readers room to think. We spread out our coverage over a year, with articles that take deep dives into specific issues—demographics, food security, climate change, fertility trends, managing biodiversity—that relate to global population. Our reporting is collected here. Feel free to explore and share your thoughts on twitter at #7billion. (7 Billion; National Geographic)
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China's ability to be a trusted Alternative Trade Currency
Sent: 11/17/2013 7:55 AM
More Reason to question China's ability to be a trusted Alternative Trade Currency???? And see how they are using finance and trade to divide Alliances.
JERUSALEM -- The Israeli government has decided to prevent a key witness from testifying in an anti-terrorism case in the United States, drawing accusations that it is caving in to pressure from China.
The lawsuit revolves around allegations that Bank of China knowingly allowed Palestinian militants to use its accounts to finance their operations, including a suicide attack in the city of Tel Aviv in 2006 that killed 11 people.
Families of the dead, among them 16-year-old American holidaymaker Daniel Wultz, have launched at least two cases in the United States against China's fourth largest lender.
The bank denies any wrongdoing.
Plaintiffs hoped that evidence from a former Israeli intelligence officer, who allegedly told Chinese counterparts in 2005 about suspicious transactions, would prove decisive.
A Washington district court issued the official, Uzi Shaya, with a subpoena to testify on Nov. 25.
However, on Nov. 15, the Israeli government filed a petition, which was seen by Reuters on Saturday, seeking to block his appearance and to stop him revealing what it said were state secrets.
"The disclosure of such information would harm Israel's national security, compromise Israel's ability to protect those within its borders, and … READ THE REST (Israel muzzles witness in US anti-terrorism lawsuit; By Crispian Ballmer; NBC News Investigations via Reuters; 11/16/13 11:33 PM EST)
Why China wants to replace dollar as Worlds Trade Currency
We have written about China's ghost towns — neighborhoods with massive new buildings not inhabited by any people. Many see this as the clear evidence of overbuilding and a housing bubble.
Yale's Stephen Roach has said, however, that China's modernization is "the greatest urbanization story the world has ever seen," and that these ghost cities will soon become "thriving metropolitan areas."
But analysts say most Chinese people can't afford the types of homes being built in the ghost cities.
China has been trying to get a grip on its property market for some time now and some say officials are in control and have been deflating the housing bubble.
However, the risks of the housing bubble evolving into a financial crisis appear to be high.
There is a new report from "60 Minutes" titled "China's real estate bubble." We've seen photos of China's ghost towns, but they are … READ THE REST – Most of the rest of the article are screen shots of empty Chinese cities ending with the 60 Minutes feature entitled “China’s real estate bubble”. I will post the Youtube version of the 60 Minutes episode. (This '60 Minutes' Video Of China's Ghost Cities Is More Surreal Than Anything We've Ever Seen; By MAMTA BADKAR; Business Insider; 3/3/13 8:26 PM)
Editor: This is a thought that I am not going to take the time to substantiate. I remember reading a Conspiracy Theory that these Chinese ghost cities were actually built in China’s anticipation of a destructive war.
VIDEO: China's real estate bubble
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Blame another for Spying on U.S. Citizens
Sent: 11/17/2013 8:11 AM
So if the Agency Spying going through this Avenue is allowed secretly and it not be able to have regulation by our Congress Oversight, won't this be the END of U.S.A. Liberty????
Won't this be a Great way to blame another for Spying on U.S. Citizens?????
WASHINGTON — In the view of America’s spy services, the next potential threat from Russia may not come from a nefarious cyberweapon or secrets gleaned from the files of Edward J. Snowden, the former National Security Agency contractor now in Moscow.
Instead, this menace may come in the form of a seemingly innocuous dome-topped antenna perched atop an electronics-packed building surrounded by a security fence somewhere in the United States.
In recent months, the Central Intelligence Agency and the Pentagon have been quietly waging a campaign to stop the State Department from allowing Roscosmos, the Russian space agency, to build about half a dozen of these structures, known as monitor stations, on United States soil, several American officials said.
They fear that these structures could help Russia spy on the United States and improve the precision of Russian weaponry, the officials said. These monitor stations, the Russians contend, would significantly improve the accuracy and reliability of Moscow’s version of the Global Positioning System, the American satellite network that steers guided missiles to their targets and thirsty smartphone users to the nearest Starbucks.
“They don’t want to be reliant on the American system and believe that their systems, like GPS, will spawn other industries and applications,” said a former senior official in the State Department’s Office of Space and Advanced Technology. “They feel as though they are losing a technological edge to us in an important market. Look at everything GPS has done on … READ THE REST (A Russian GPS Using U.S. Soil Stirs Spy Fears; By MICHAEL S. SCHMIDT and ERIC SCHMITT; NYT; 11/16/13)
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Morning Joe: Who will pay more under Obamacare?
Sent: 11/20/2013 7:42 AM
Who will pay more under Obamacare?
Top Talkers: President Obama is set to meet with health insurance CEOs to discuss Obamacare, and Steve Rattner brings his infamous charts to show Obamacare’s impact on the country, including who will pay more under the law. (Click MSNBC link to watch the episode Newbill is referring to.)
On Morning Joe today they are trying to sugar coat the Percentage of people who are losing their Healthcare insurance by saying it’s a small Percentage, but they are not taking into consideration what’s going to happen once we get to 2015 when that exemption is OVER that the President gave all who get their Insurance through their Employer!!!!!
Wait till 2015 YOUR CORPORATE Cover will go away and then we will REALLY see the collapse that was delayed with the Unconstitutional exemption for a year by Obama.
How can you not be a dictator when you pass a Law with Bribes then turn around and Single handedly Delay it???
These Liberals all know this is just a Path towards Single payer and they don't care what kind of LIE it takes to keep everyone chilling while the current system collapses along with the current Obamacare law, and Nothing is Left but a Government Option.
VIDEO: Shocking Obama Videos Reveal Real Goal!
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Dodd Frank plans to regulate the Fund managers and personal IRAs
Sent: 12/7/2013 10:59 AM
Dodd Frank plans to regulate the Fund managers and personal IRAs in case of a market shock.
Introduction
This report provides a brief overview of the asset management industry and an analysis of how asset management firms and the activities in which they engage can introduce vulnerabilities that could pose, amplify, or transmit threats to financial stability.
The Financial Stability Oversight Council (the Council) decided to study the activities of asset management firms to better inform its analysis of whether—and how—to consider such firms for enhanced prudential standards and supervision under Section 113 of the Dodd-Frank Act.1 The Council asked the Office of Financial Research (OFR), in collaboration with Council members, to provide data and analysis to inform this consideration. This study responds to that request by analyzing industry activities, describing the factors that make the industry and individual firms vulnerable to financial shocks, and considering the channels through which the industry could transmit risks across financial markets.
… READ THE REST – 34 page PDF document (Asset Management and Financial Stability; By Office of Financial Research; September 2013)
In his first term, Obama managed to get his paws on health care, banking, energy, student loans, the auto business, and more. Now he has his sights set on your 401(k).
The left has had its eye on retirement savings for years, but so far takeover attempts have been rebuffed. One egregious attempt was the proposal, following the 2010 financial crisis, to "safeguard" retirement savings by requiring that they be rolled over into Treasury bonds. Had this legislation succeeded, it would have appropriated all or part of the retirement savings of millions of Americans. The funds would have been used to finance further expansion of government. In return, savers would have received a promissory note from the federal government similar that issued by the Social Security Trust Fund.
Needless to say, most investors were not keen to convert their savings into Treasury obligations -- or, to be more precise, into an unsecured note promising a return approximating that of Treasury bonds. That is because, as with every other endeavor, government's management of retirement savings (aka Social Security) has been a disaster.
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Despite its 2010 failure to take over retirement savings, the left has not given up. As reported in WND, officials at the U.S. Treasury and Labor Departments continue discussions aimed at channeling private savings into Treasury obligations via a so-called "Automatic IRA." Once it has forced workers and employers to contribute to Automatic IRAs, and eventually forced existing savings into government obligations as well, government would control much of the investment capital in America. The free market will cease to exist.
Perhaps in support of that goal, Dodd-Frank legislation of 2010 established the Office of Financial Research (OFR) [Blog Editor: This should sound familiar to the PDF report linked above!], which recently issued a report suggesting that mutual funds may pose a risk to financial stability. At several points in the report, the authors suggest that many aspects of the financial system are not at present highly regulated and that the risks of these unregulated private transactions are unknown. The implication seems to be that greater government scrutiny is called for.
OFR is a bureaucracy charged with the task of sniffing out systemic risk and passing along its findings to the Financial Stability Oversight Council (FSOC). The chairman of that august body is none other than Jacob Lew, Obama's secretary of the treasury. This is the same Jacob Lew who was employed as chief operating officer at Citigroup Alternative Investments (CAI) during the financial crisis. CAI reportedly incurred significant losses during the financial crisis. As COO of that division of Citigroup, Lew would not seem to be an ideal candidate to chair a committee on Financial Stability -- much less the person to be put in charge of America's retirement savings [Blog Editor: Oh-Oh, Do you see the Leftist agenda at work in your personal life yet?].
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That is the reality, I believe, behind the innocuous-sounding Office of Financial Research and its report on the supposed risk to the financial system underlying mutual funds. It is an important cog in this administration's insidious scheme to destroy capitalism and convert America into a socialist state. READ ENTIRETY (Obama's Plan to Snatch Your Savings; By Jeffrey Folks; American Thinker; 12/5/13)
Here’s a Possible Shock …..
Is a threat to the dollar as world’s trade currency a China and Germany alliance?????
Below a translation of an article on gold price suppression by global finance expert from the China Gold Association Zhang Jie, published on April 15, 2013. We have posted a Google Translate version of this article on August 13, but because of the significance of the insights of the writer we searched for real translators to make it into a more clear and understandable read. The result is a very interesting analysis of a monetary game played by the US and other countries through gold leasing and derivatives.
We will be publishing translations from Chinese economists on a more frequently basis as these gives us important information on China’s present and future gold policy.
Translated by Maarten van Mourik and J. Chin. [Italicized by Blog Editor]
We will be publishing translations from Chinese economists on a more frequently basis as these gives us important information on China’s present and future gold policy.
Translated by Maarten van Mourik and J. Chin. [Italicized by Blog Editor]
Gold Leasing Is A Tool For The Global Credit Game
- By Zhang Jie, Deputy editor of “Global Finance”, expert specially engaged by China Gold Association.
The world’s financial and real estate crisis will eventually produce a credit crisis.
The price of gold is closely related with credit, the implication from suppression the gold price lies not only on gold, but more so in currencies and the trust behind currencies.
Gold leasing is an important innovation in the gold settlement system. Through continuous gold leasing the gold in the market can be circulated and produce derivatives, creating more and more paper gold. This is very significant for the United States. Gold leasing is a major tool for the Federal Reserve and other central banks in the West to secretly control and regulate the gold market, creating gold credit derivatives and global credit conflict.
China suffered from gold lease in the past
World gold leasing started in the 1980s, when the gold price rose to over 800 US$ per ounce. Gold leasing at that time effectively combated the price of gold. More strategically, the gold price affected national creditworthiness. A lower gold price suppressed the Soviet Union and China after 1989 when they were sanctioned by the West, in addition to the sanctions imposed on South Africa for apartheid. As all three were heavily dependent on gold to import necessities, the gold price had become a protection for foreign credit in these countries.
In the 1990s, the introduction of gold leasing effectively lowered the price of gold. Low gold and oil prices have caused great difficulties for China, the former Soviet Union and South Africa who were in dire need of foreign currencies. As a result, these countries had to sell resources or core assets very cheaply, which now have to be bought back more expensively. The West thus gained extensively by suppressing gold prices.
Gold credit is even more critical in today’s world where risk of global crises, war and conflicts increases. If a global full-scale conflict were to develop, the globalised financial system would collapse and trust in national currencies would vanish completely. Only liquid assets, of which the best liquid asset is gold, can establish trust between nations. Consequently, the trust in gold will become critical; gold can become a powerful weapon in the world credit game. Crude oil and other commodities that are difficult to store can’t be used as trust equivalents. Gold being the leading candidate is inevitable, thus led to gold leasing becoming the tool and mean of the world credit game.
Gold leasing to control credit
If the Fed were to engage in gold leasing, the lessee is the key in this process. In the bull market during the past several years, gold leasing agencies which shorted gold may incurred huge losses. Although these losses exist, we don’t see them because it’s possible for entities such as Lehman Brothers to manipulate their accounts. However, it is unlikely for the Fed to be involved directly in the shorting of gold reserves and manipulation of accounts, but it is entirely possible for the Fed to engage in gold leasing on a huge scale, and the related lessee could thus bear a huge loss. If the loss is exposed, even a large institution could collapse. This could create a crisis as bad as the one caused by the collapse of Lehman Brothers. Germany and the IMF should see the signs of such a crisis that would have a serious impact on the creditworthiness of countries and agencies.
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Germany staged a coup on the US Fed
If the Fed’s large gold reserves are used in gold leasing, there will be a serious problem. Germany therefore will threaten the Fed’s dominant position by demanding their gold back; the Fed subsequently needs to withdraw the leased gold and thus could destabilize the market. This is a new credit game of international capital.
If the Fed is engaged in gold leasing it’s impossible that the Fed is able to show Germany and France their stored gold because the gold has been used in gold leasing. The Fed should be able to combine the remaining gold deposits from all remaining countries to allow for Germany’s inspection – Germany has no right to audit gold reserves of other countries. The Fed probably has agendas aimed at preventing Germany to inspect its gold or to ship it back to Germany. These agendas are likely to be related to the game of international finance and the credit game between countries. Gold is a financial and monetary product; it represents the authority of …
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For the Fed, it is crucial that the dollar dominates the world and so the Fed will store gold reserves from countries all over the world to control the gold settlement system. If there were another gold settlement system, it would compete with the dollar’s trust. Natural gold credit would be a nightmare for the continuous printed dollar. The dollar can only be the world currency as a result of the United States controlling global gold settlement. However, if other countries want their gold back from the Fed, the Fed will lose its gold settlement position. Underneath the global gold reserves at the Fed, there is the promise of the United States to continue with the dollar-gold price under the Bretton Woods system. Since the collapse of the Bretton Woods system 30 years ago, it is suspected that the United States violated the original agreement; therefore other countries have the right to demand their gold reserves back from the Fed.
… If Germany holds its own gold reserves, this will restrict other countries to lease gold. Such action could create a panic over gold, subsequently support gold prices and blow the confidence of gold short sellers. This will have significantly more impact on the market’s confidence than actual market transactions. At a time when the market is concerned about the US Fed having a huge gold deficit, who dares to short gold on a massive scale? Here we should see the divergence between United States and Europe as well as with Germany.
This translation is a combination of two translations, by Maarten van Mourik and J. Chin, which were merged by Koos Jansen. This link (choose file, than download) gives access to a document that contains the Chinese text as well as the two original translations by Mourik and Chin. READ ENTIRETY (Gold Leasing Is A Tool For The Global Credit Game; By Koos Jansen; In God We Trust; 8/31/13 6:56 pm)
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Edited by John R. Houk
© Tony Newbill
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