The United States Government today bears little resemblance to the government created by the Founding Fathers. Many “reforms” contributed to the transformation of an accountable government to an unaccountable one. For example, the direct election of US senators and the expansion of the franchise from male property owners adversely affected the security of private property. Others point to the effects of wars. All of these played a role in America’s destruction. However, in my opinion the transformation of American government can be explained by events in three short periods of our history.
Continue reading “The 15 Years That Destroyed America – Paul Craig Roberts 11/29/23”
On Oct. 5, the gold-backed digital token called, Zimbabwe Gold (ZiG), officially launched as a payment method. The launch was announced by the Reserve Bank of Zimbabwe (RBZ).
Continue reading “Zimbabwe Turns Gold-Backed Digital Token into Payment Method – David Attlee 10/10/23”
It is slowly coming clear that the fiat dollar’s hegemony is drawing to a close. That’s what the BRICS summit in Johannesburg is all about — rats, if you like, deserting the dollar’s ship. With the dollar’s backing being no more than a precarious faith in it, it is bound to be sold down by foreign holders. Being only fiat, it could even become valueless, threatening to take down the other western alliance fiat currencies as well.
How do you protect your paper wealth from this outcome? Some swear by bitcoin and others by gold.
This article looks at what is likely to emerge as a replacement currency system, and concludes that from practical and legal aspects, bitcoin and the entire cryptocurrency industry will fail with fiat, while mankind will return to gold, as it has always done in the past when state control over currency fails
Continue reading “Hedging the End of Fiat – Alasdair Macleod 8/24/23”
It is no coincidence that Nigeria, with a population of over two hundred million, became the first serious global testing ground for central bank digital currencies (CBDC) implementation. Not only is it the wealthiest country on the continent where the globalists are making plans, but Nigeria also possesses significant hydrocarbon and metals reserves and talented citizens. For these reasons, it can serve as a relatively good example for the rest of the poorest continents.
Continue reading “How a CBDC Created Chaos and Poverty in Nigeria – Jan M. Fijor 9/1/23”
Iran and Saudi Arabia were among six countries invited Thursday to join the BRICS bloc of developing economies in a move that showed signs of strengthening a China-Russia coalition as tensions with the West spiral higher.
The United Arab Emirates, Argentina, Egypt and Ethiopia were also set to enter BRICS from Jan. 1, 2024, joining current members Brazil, Russia, India, China and South Africa to make an 11-nation bloc….
When Cuba in early August announced it was taking a major step towards electronic banking and a “cashless” society, the offices of fledgling small businesses across the communist-run country were left scrambling to figure out how to respond.
Most alarming to many budding entrepreneurs was a new 5,000 peso ($20) daily cap on cash withdrawals for businesses, one of several measures the government said were aimed at forcing Cubans to do their transactions electronically, via transfer, online payment and bank cards.
Continue reading “As Cuba Takes Leap Towards ‘Cashless’ Economy, Entrepreneurs Brace for Impact – Reuters 8/21/23”
Australia’s crypto community is up in arms as the Big Four banks move to stop transfers to digital currency sites in the name of ‘protecting customers’ from scams.
Daily Mail Australia reported on Sunday that the Commonwealth Bank has set a strict $10,000 monthly limit on the amount a customer can transfer to crypto exchanges and related sites.
It can now be revealed that this follows similar moves by NAB, Westpac and ANZ.
Continue reading “NAB, Comm Bank and ANZ Introduce New Transfer Restrictions that Give Them More Control of Your Money; as the Move to ‘Cashless’ Branches Rolls On – Daily Mail 8/6/23”
The National Bank of Poland (NBP) increased its gold reserves for the fourth consecutive month in July as the country continues to aggressively stockpile the precious metal.
According to calculations by the DGP newspaper, 720,000 ounces of gold were bought last month, valued at about $1.4 billion. This is more than in any of the previous three months. The paper estimated that the total gold reserves held by the Polish central bank have increased to 9.6 million ounces, or nearly 300 tons.
Continue reading “Poland Continues to Aggressively Buy Gold – Grzegorz Adamczyk 8/9/23”
Not only is China ravenously buying up all the physical gold it can get its hands on – something it has been doing pretty much non stop since 2009, for the most part covertly with occasional periods of public disclosure meant to achieve specific political goals – more importantly, it is letting the world know it is buying up all the physical gold it can get its hands on.
Continue reading “China Buys 23 Tons Of Gold In 9th Straight Month Of Purchases, Total Rises To Record 2,137 Tons – ZeroHedge 8/9/23”
Source: MoonOfAlabama org
The World Bank Group is a global institution controlled by the U.S. government. It is supposed to lend low interest money to developing countries in need.
Last year the position of its president became controversial. David Malpass, a former Treasury official, was perceived as being ambiguous about the cause of climate change. In February he threw the towel:
The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to end.
Continue reading “World Bank Group Goes Woke – Moon Of Alabama 8/9/23”
Russia’s president Vladimir Putin signed the digital ruble bill into law today, allowing the country’s central bank to issue its own digital currency.
The digital ruble, which the Bank of Russia has long been mulling over, will be used for payments along with other methods, according to the new amendments to Russia’s Civil Code. The digital ruble accounts will be managed by the central bank, the law says. The bill passed its third, final hearing on July 11 and had been waiting for the president to be signed.
Continue reading “Putin Signed Digital Ruble Law Making a CBDC Possible in Russia – CoinDesk 7/24/23”
In a disquieting discovery, the Brazilian Central Bank Digital Currency (CBDC) is reportedly designed with a feature enabling the government to freeze user funds and adjust balances. The revelation emerged after Pedro Magalhaes, a prominent blockchain developer and founder of Iora Labs, managed to decode the underlying technical details of the CBDC.
Continue reading “Brazil’s CBDC Allows Government To Freeze Funds, Developer Discovers – Christina Maas 7/17/23”
Have you ever wondered what or who really funds the activities of hegemonic America, from its domestic spending through to its foreign wars? The answer isn’t immediate and it may surprise you.
Continue reading “Guess What Is Keeping the US Economy Afloat – Brownstone Institute 7/11/23”
Individually, each step is a small step barely picked up by the news. But in recent weeks, the world has been vibrating with multipolarity.
Iran is a regional power that pursues a foreign policy that defies US hegemony and refuses to get in line with the unipolar world. Punishing that defiance is key to the US strategy to maintaining hegemony in the region. Key to that strategy is a coalition of states who oppose Iran. And the key to that coalition is Saudi Arabia.
Continue reading “As America’s Influence Wanes, China’s Grows – Ted Snider 7/6/23”
What is BRICS?
BRICS is an acronym for five regional economies: Brazil, Russia, India, China, and South Africa. The first four were initially grouped as “BRIC” (or “the BRICs”) in 2001 by Goldman Sachs economist Jim O’Neill, who coined the term to describe fast-growing economies that would collectively dominate the global economy by 2050; South Africa was added in 2010….
In an unabated buying spree, China has continued to expand its gold reserves for a seventh consecutive month, reinforcing the sustained global demand for the precious metal among central banks.
Continue reading “China’s Persistent Gold Accumulation: A Seven-Month Surge in Holdings – Gold Telegraph 6/8/23”
Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era?
Continue reading “Analysis: Will Zimbabwe Pave the Way for Gold-Backed Money? – Andrew Moran 5/30/23”
PayPal has upheld its ban on Palestinians living in the occupied territories. While Palestinians in the occupied West Bank are prohibited from using the service, Israeli settlers are allowed to use the digital payment platform.
Continue reading “PayPal Upholds its Ban on Palestinians – Mondoweiss 5/26/23”
Bitcoin Ordinals, a technology that enables adding text, images and code on a satoshi — the smallest unit of Bitcoin (BTC) — continues to inspire debate among the Bitcoin community.
Continue reading “Ordinals Good or Bad for Bitcoin? Supporters and Opposers Raise Voices – Helen Partz 5/11/23”
In my last article ‘Woke-ism And The Self-Induced Suicide Of America‘, I introduced a major psycho spiritual rot plaguing both conservative and liberal minded Americans who have either been led to believe that the USA is 1) wholly evil and deserving of self-annihilation or 2) fully exceptional devoid of any hypocritical blemishes.
Continue reading “The Original Deep State: The Anglo-Canadian Hand Behind the Civil War and Lincoln’s Murder – Matthew Ehret 5/3/23”
President Joe Biden is putting the national security of the United States at risk by not suspending the short-selling of federally-insured banks. Concerns over the safety and soundness of the U.S. financial system could cause money flight out of the U.S., impacting the strength of the U.S. dollar and a loss of confidence by our foreign allies.
Continue reading “Short Sellers Cratered Silvergate Bank and First Republic; They’re Now Targeting PacWest and Numerous Other Regional Banks – Pam Martens and Russ Martens 5/3/23”
On May 1, government bank officials sold Republic Bank to JP Morgan Chase, the largest bank in the country. Even the New York Times report about the sale recognized that the normal rules had been suspended when the interests of the big government-big bank cabal were at stake: “Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a frantic late-night effort by government officials to contain a banking crisis by seizing and selling First Republic Bank to the country’s biggest bank, JPMorgan Chase.
Continue reading “The Big Government-Big Bank Plot To Exploit Us – Lew Rockwell 5/8/23”
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing:
Continue reading “How the War on Crypto Triggered a Banking Crisis – Ellen Brown 4/29/23”
Yes, you read the headline correctly. Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did. Unfortunately, the banking collapse of 2023 is far from over. We still have eight more months to go before this year is done, and many more banks are currently teetering on the brink of disaster. Executives at those banks are telling us not to worry, but of course executives at First Republic were issuing similar assurances just last week. Personally, I had heard that First Republic supposedly had enough reserves to keep going for months. But that was a lie, and now First Republic is toast. The following comes from the official statement that the FDIC issued when it took over the bank…
Continue reading “The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008 Was – Michael Snyder 5/1/23”
Over the last few weeks, it has seemed you can’t turn a page, blink at a pixel, or hear a news report without some form of de-dollarization headline shrieking at you. From Brazil to Saudi Arabia, and from India to Argentina, and increasing number of nations are ‘reportedly’ shifting away from the dollar hegemon.
Continue reading “Argentina Abandons USDollar In China Trade As Local Bitcoin Reaches Record High – ZeroHedge 4/27/23”
It is now established that the US dollar’s status as a global reserve currency is eroding. When corporate western media begins to attack the multipolar world’s de-dollarization narrative in earnest, you know the panic in Washington has fully set in.
The numbers: the dollar share of global reserves was 73 percent in 2001, 55 percent in 2021, and 47 percent in 2022. The key takeaway is that last year, the dollar share slid 10 times faster than the average in the past two decades.
Continue reading “De-Dollarization Kicks into High Gear- Pepe Escobar 4/27/23”
Silver demand set a record in every category last year based on final data released by the Silver Institute this week.
Total global silver demand in 2022 came in at a record $1.242 billion ounces. This represented an 18% increase in silver demand over 2021.
Continue reading “Silver Demand Set Records in Every Category in 2022 – Schiff Gold 4/19/23”
A new global currency just launched, but 99 percent of the global population has no idea what just happened. The “Universal Monetary Unit”, also known as “Unicoin”, is an “international central bank digital currency” that has been designed to work in conjunction with all existing national currencies. This should set off alarm bells for all of us, because the widespread adoption of a new “global currency” would be a giant step forward for the globalist agenda. The IMF did not create this new currency, but it was unveiled at a major IMF gathering earlier this week…
Continue reading “The IMF Has Just Unveiled A New Global Currency Known As The “Universal Monetary Unit” That Is Supposed To Revolutionize The World Economy – Michael Snyder 4/13/23”
The announcement is seen as a decisive step towards de-dolarisation and an effort to safeguard Indian trade from the impact of Russia’s war in Ukraine and its subsequent fallout and sanctions.
India and Malaysia have agreed to settle trade in the Indian rupees, the Ministry of External Affairs announced on on April 1, 2023.
The announcement came in the backdrop of ongoing official efforts to Safeguard Indian trade from the impact of Ukraine crisis. The shift away from The U.S. dollar which has been the dominant reserve currency for international trade so far has added significance as it indicates India is willing to take concrete steps towards de-dollarisation of its international trade.
Continue reading “India, Malaysia Move Beyond Dollar to Settle Trade in INR – The Hindu 4/1/23”
There’s no sign of a slowdown in central bank gold buying.
In February, central bank gold reserves rose by another 52 tons, according to the latest data compiled by the World Gold Council.
It was the 11th straight month of central bank net gold purchases.
Continue reading “Central Bank Gold Buying Shows No Sign of Slowing Down – Schiff Gold 4/4/23”
For decades, the U.S. dollar was the undisputed king of global currencies, but now dramatic changes are happening. China, Russia, India, Brazil, Saudi Arabia and other nations are making really big moves which will enable them to become much less dependent on the U.S. dollar in the years ahead. This is really bad news for us, because having the primary reserve currency of the world has enabled us to enjoy a massively inflated standard of living. Once we lose that status, our lifestyles will be much different than they are today. Unfortunately, most Americans don’t understand any of this. Even though our leaders have treated the stability of our currency with utter contempt in recent years, most Americans just assume that the dollar will always reign supreme. Meanwhile, much of the planet is preparing for a future in which the U.S. dollar will be far less important than it is right now. The following are 7 signs that global de-dollarization has just shifted into overdrive…
Continue reading “Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive – Michael Snyder 4/2/23”
Coinbase (COIN.O) debuted on the US stock market on April 14, 2021 – the same day US senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator.
Gensler, who has called the crypto sector a “Wild West” riddled with fraud, is now embroiled in a battle with the world’s largest publicly-traded crypto firm over a core debate: whether digital assets are investment contracts akin to stocks or bonds that should be regulated by the SEC.
Continue reading “Coinbase, SEC on Collision Course for ‘Existential’ Clash over Crypto Industry – Reuters 3/24/23”
The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services.
Continue reading “Report: FDIC Asked Signature Buyers to Stop All Crypto Business – Coin Telegraph 3/16/23”
The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the real estate that they had pledged as collateral was fraudulently overvalued, “mark-to-fantasy” junk mortgages made by false valuations of in the property’s actual market price and the borrower’s income. Banks sold these loans to institutional buyers such as pension funds, German savings banks and other gullible buyers who had drunk the neoliberal Kool Aid believing with Alan Greenspan that banks would not cheat them.
Continue reading “Why the Bank Crisis is not Over – Michael Hudson 3/14/23”
As the old saying goes, if it looks like a duck, walks like a duck, and quacks like a duck, it’s probably a duck.
Well, if it looks like a bailout, walks like a bailout, and talks like a bailout, it’s probably a bailout.
Continue reading “If It Looks Like a Bailout and Walks Like a Bailout It’s Probably a Bailout – Schiff Gold 3/16/23”
As unrealized losses piled up, Silicon Valley Bank (SVB) gradually, then suddenly became insolvent, followed by the collapse of Signature Bank and people beginning to wake up to issues pervading our financial system. Modern day bank runs, though digital, can force banks to sell reserve assets at a loss, inevitably leading to insolvency.
Continue reading “As Banking Collapses Erode Trust, Bitcoin Fixes Moral Hazard – Mickey Koss 3/13/23”