(NaturalNews) For centuries, the British Pound was the world’s reserve currency, because it was consider to be the strongest of all currencies. That is no longer the case; shortly after World War II economically devastated the British Empire, the pound retreated as the world’s reserve currency and the U.S. dollar took its place. At the time, the American dollar — paper, to be sure — was at least partially backed by a physical, valuable commodity, gold. A decade earlier, one of President Franklin D. Roosevelt’s first acts was to take America off the gold standard, which it had used to … Continue reading The dollar is headed for collapse – 599 failed paper currencies in world history prove it
Former congressman Ron Paul recently posted an interesting article on GoldSilverWords entitled, “Watch Out When People Start to Distrust our Money”. Paul offered several important insights, but, his central argument was that because the fiat dollar has no intrinsic value, whatever value it appears to have is based entirely on the people’s trust. So long as people continue to trust in the dollar, it will have value. If people lose that trust, the dollar’s value will diminish or even disappear. According to Mr. Paul: “Now we have that strange phenomenon of this unbelievable trust in the US Dollar. This could … Continue reading “Unbelievable Trust”
It is widely expected that the Federal Reserve is going to announce the end of quantitative easing this week. Will this represent a major turning point for the stock market? As you will see below, since 2008 stocks have risen dramatically throughout every stage of quantitative easing. But when the various phases of quantitative easing have ended, stocks have always responded by declining substantially. The only thing that caused stocks to eventually start rising again was a new round of quantitative easing. So what will happen this time? That is a very good question. What we do know is that … Continue reading How Will The Stock Market React To The End Of Quantitative Easing?
To say that the U.S. economy is in trouble would be an understatement. According to Shadow Stats economist John Williams, we may be on the very cusp of a crisis so severe that it promises to re-write the entire paradigm. Debt is out of control and foreign holders of U.S. Treasury bonds are getting antsy. Nowhere is this more obvious than in China and Russia, where leaders of the globe’s other super powers are feverishly working to distance themselves from the U.S. dollar by establishing new monetary relationships that completely bypass the world’s reserve currency. A loss of confidence in America’s ability to … Continue reading Leading Contrarian Economist: “We Are Coming In On The End Game Here”
Never let a good crisis go to waste Mark Zuckerberg and his wife, Priscilla Chan, have embraced the Democrat maxim: never let a good crisis go to waste. Mark made a big splash today when he announced Facebook will give the Centers for Disease Control Foundation $25 million. “The Ebola epidemic is at a critical turning point. It has infected 8,400 people so far, but it is spreading very quickly and projections suggest it could infect 1 million people or more over the next several months if not addressed,” Zuckerberg said in a statement posted to his Facebook page. Read more at … Continue reading FACEBOOK’S MARK ZUCKERBERG THROWS CASH AT EBOLA
Geo-political tensions around the world are indicative of a fast approaching breaking point. There is not a single populated region on earth right now that is not experiencing sweeping changes. Europe, the middle east, Asia, the Americas – it’s happening everywhere and all at once. Trying to make sense of it all can be a daunting task. But make no mistake. All of these events are interrelated and their outcomes will have a direct impact on the future of America and the world in the 21st century. To understand what’s happening on the grand chessboard one must avoid the narratives being touted … Continue reading The Death of the Dollar: “I Can’t Emphasize Just How Serious Of An Issue That’s Going To Be”
Discussions of the possible collapse of the U.S. dollar often center around how such an event will affect the domestic economy. But the dollar doesn’t just operate inside of a bubble. It is the world’s reserve currency for a reason. Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide. … Continue reading On The Brink Of A Major Crisis: “This Will Be A Literal Collapse of the Entire Global Monetary System”
The confidence game is almost up warns Prudent Bear Fund President David Tice. And when the economic recovery and stock market build-up is finally revealed for the conjecture that it really is we’ll have a sell-off of unprecedented proportions. Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday. A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC’s “Power Lunch.” When this happens, he said, markets will face a “period of extreme … Continue reading Massive 60% Stock Market Correction Coming: “Period Of Extreme Turmoil”
America’s second largest lender has reached a $16.65 billion settlement with US federal authorities for selling toxic mortgages misleading investors, the Justice Department said Thursday. “This historic resolution – the largest such settlement on record – goes far beyond ‘the cost of doing business,’” Attorney General Eric Holder said in a statement posted on the US Justice Department website on Thursday. The bank will pay out $9.65 billion in cash and $7 billion for consumer relief – such as modified home loans and refinanced mortgages. “Under the terms of this settlement, the bank has agreed to pay $7 billion in relief to struggling … Continue reading Bank of America agrees to record $17bn settlement over mortgage fraud
As the yearly end of summer doldrums engulf the Hamptons, the uber-wealthy position themselves for a rocky coming storm when the robust fall trading season begins. Some of the most memorable major equity collapses happen during this time of year. Logic, fundamentals and sound business analysis has very little to do in forecasting when the actual plug will be pulled on the rocket ride in stocks. In a rigid game, the house always knows when and at what time the fleecing of the mark happens. Such timing projections do not apply to the decline in the purchasing power of the … Continue reading Is the Dollar and Equities Ready to Crash?
Ahead of the collapse of 2008 well known investment manager Bill Fleckenstein warned that real estate and stocks were headed for a crash. He positioned himself and his clients to absorb the brunt of the imminent hit that was coming to financial markets. Unlike the millions of people who saw some 40% of their wealth vaporized by mid-2012, Fleckenstein survived and actually profited by betting against the official propaganda. And though most Americans have likely bought into the government’s recovery narrative, Fleckenstein isn’t convinced and he’s sounding the alarm once again. In an interview with Eric King of King World News, Fleckenstein warns … Continue reading Investment Guru Warns: “The Market Is Very Crash-Prone… Very Fragile”