Much like the Patriot Act had little to do with making life safer in the U.S., the Biden administration’s “Inflation Reduction Act” has very little to do with reducing inflation.
Thanks to this “Inflation Reduction Act,” our lives are about to get even more expensive for just about everyone. If you’re saving money for retirement, heating your home or driving a car, well, get ready to start paying higher prices.
That’s because of several new taxes that were tucked away in the 274 pages of the Inflation Reduction Act. Those new taxes have become law as of January 1st, 2023.
Continue reading “5 Ways the “Inflation Reduction Act” Is Stealing Your Money – PeterReagan 1/6/23″
Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under Western sanctions.
Continue reading “Iran, Russia Link Banking Systems Amid Western Sanction – LBCGroup 1/30/23”
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.
One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.
Continue reading “A Dollar Collapse Is Now In Motion: Saudi Arabia Signals The End Of Petro Status – BrandonSmith 1/25/23”
Let’s start with three interconnected multipolar-driven facts.
First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”
Continue reading “Global South: Gold-backed Currencies to Replace the US Dollar – PepeEscobar 1/19/23”
International money transfers are far from private according to findings by The Wall Street Journal and Sen. Ron Wyden (D-OR).
Regular readers will know Reclaim The Net covered the start of this investigation almost a year ago.
Law enforcement in the US can access international money transfer details without a warrant through a controversial surveillance program the Arizona attorney general’s office approved in 2014.
The program resulted in the creation of a money transfers database managed by the Transaction Record Analysis Center (TRAC).
Continue reading “US Government Scooped up Information on Money Transfers Without a Warrant – ReclaimTheNet 1/19/23”
In this refreshingly fact-focused report, Matterhorn Asset Management (MAM) advisor, Ronni Stoeferle, takes a deeper look at the false “eco war” on gold.
In a world of ever-growing public narratives completely at odds with transparent reality (from “Putin’s” war to “Transitory Inflation”), it should come as no surprise that the current ESG and “Green Revolution Army” of the woke West has turned its political gun sights toward the one precious metal which serves as the greatest threat to a dying fiat currency system: Gold. With puffed chests and lofty claims, global environmental leadership has conveniently made a disingenuous but full-frontal assault on gold mining (and hence gold) as an environmental threat.
Continue reading “5 Reasons Why Gold Is Green – Ronni Stoeferle 1/13/23”
One of the most dishonest games being played in economics today is the attempt by various groups (political and financial) to deflect blame for the rise of inflation. The Biden White House and Democrats desperately want to blame Russia and the war in Ukraine, even though inflation was spiking long before the war ever started. The Federal Reserve pretended for years that inflation was not a threat at all despite numerous alternative economists warning what would happen. Now they blame supply chain disruptions instead of their own monetary policies. The GOP wants to blame Biden alone for the crisis while ignoring the dominant role of the Fed in the economy (and their unilateral power) over the course of multiple presidencies.
Continue reading “Is There A Way To Stop Inflation Without Crushing The Economy And Killing The Dollar? – Brandon Smith 1/4/23”
This article is in two parts. In Part 1 it looks at how prospects for gold should be viewed from a monetary and economic perspective, pointing out that it is gold whose purchasing power is stable, and that of fiat currencies which is not. Consequently, analysts who see gold as an investment producing a return in national currencies have made a fundamental error which will not be repeated in this article.
Continue reading “Gold in 2023 – Alasdair Macleod 12/30/22”
The potential of losing your funds isn’t the only reason to secure your own bitcoin. It also ensures the price cannot be manipulated.
Are you keeping bitcoin on an exchange?
Let me tell you a story about what happens when you, and others, leave your bitcoin on exchanges. You might be surprised to hear what that means for your holdings. It might sound a lot like your own.
Continue reading “The Dangers of Paper Bitcoin – BitcoinMagazine 12/19/22”
Money is routinely defined by what it does, rather than what it is. That is unfortunate because its modern definition overlooks money’s important – but now forgotten – fourth function.
Aristotle observed that money is a medium of exchange, unit of account, and store of value. This definition omits the fourth function needed to explain money and currency in our modern economy.
Continue reading “The Forgotten Fourth Function of Money & G-SIBs – JamesTurk 12/20/22”
The FTX scandal has thrown the future of cryptocurrencies into doubt. Supporters of bitcoin, which has proved to be remarkably robust at a time when the whole cryptocurrency ecosystem is threatened by scandal and a systemic collapse, are still asserting that it is the future money.
This article addresses a number of issues that next year will make or break bitcoin’s claim over gold. Besides the interest of governments to prevent it having any monetary role, hodlers ignore the legal status of gold as money, and the different treatment likely to be accorded to bitcoin in criminal law. Furthermore, bulls of bitcoin are mainly only that: speculators hoping for a profit measured in their fiat currencies.
Continue reading “The Debate Between Gold and Bitcoin in 2023 – AlasdairMacleod 12/8/22”
At these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit. This article traces the history and legal background to these relationships.
Despite the failure of the Bretton Woods agreement in 1971 and the state propaganda that followed, the position is clear. Both historically and legally money is and remains metallic coin — principally gold — and the rest is credit.
Continue reading “Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22”
The world loves dollars. Whenever there is a problem, people flock to the dollar as a safe haven. But the US has problems of its own. In a podcast, Peter Schiff said America’s problems will eventually catch up to the dollar and at that point, the greenback will crash.
Continue reading “When the Sucker’s Rally Ends, the Dollar Will Crash – PeterSchiff 10/24/22”
One can’t emphasize enough how dangerous the current macro setting is in the wake of a deliberately strong and illiquid Dollar.
Biden, of course, says not to worry. We say otherwise.
Continue reading “How an Illiquid Dollar Ruins the World – MatthewPiepenburg 10/19/22”
Australia’s Reserve Bank is launching a pilot program over the course of the next year in collaboration with the Bank for International Settlements (the central bank of central banks) to test the “benefits” of a blockchain ledger based digital currency system. The central bank is added to a long list of participants in BIS efforts to introduce CBDCs (central bank digital currencies) with the target goal of launching them globally by 2025-2030.
Continue reading “Australia’s Central Bank Working With BIS To Launch Digital Currency System – ZeroHedge 8/9/22”
According to new reports, Sergio Massa has promised that Argentina will stop printing money amid the current 60% inflation, which was caused by the Fernández administration’s reliance on money printing to pay off the nation’s escalating fiscal debt.
Continue reading “Argentina To Stop Printing Money Amid 60% Inflation – GreatGameIndia 8/7/22”
Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.
Continue reading “Global Planned Financial Tsunami has Just Begun – F.WilliamEngdahl 6/21/22”
Central bankers and bureaucrats are seizing on recent turmoil in cryptocurrency markets to push aggressively for central bank digital currencies (CBDCs).
They made their case to other global elites gathered in Davos on Monday for the World Economic Forum’s annual meeting.
Continue reading “Globalists Convene to Plan Central Bank Digital Currencies – Stefan Gleason 5/24/22”
Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102.
Signed on April 5, 1933, U.S. President Franklin Delano Roosevelt required all persons holding more than five ounces of gold to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”
By outlawing the so-called “hoarding” of gold, Roosevelt intended to destroy gold as an everyday currency, transferring the purchasing power of gold to the U.S. government.
Continue reading “The War on Gold Ensures the Dollar’s Downfall – Matthew Cortez 5/12/22”
I have been warning about an inevitable East vs. West economic war for many years now. The question was never a matter of likelihood, it was always just a matter of timing. When would the most convenient time be for World War III?
The issue of “convenience” might sound odd, but I want readers to remember one rule: All wars are banker wars.
Continue reading “Economic World War: Who Benefits? (And How Much Time Is Left?) – BrandonSmith 5/4/22”
We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system.
Continue reading “The Commodity Currency Revolution – GoldMoney 4/7/22”
From Brandon Smith
Way back in 2014 I wrote an article titled False East/West Paradigm Hides the Rise of Global Currency. I was inspired to cover the issue due to three specific trends which at the time were concerning.
The first trend was the increased mention within globalist circles of something called the “Great Reset.” Christine Lagarde who, as the head of the IMF at the time, was suddenly throwing the phrase around in press interviews and in Q&A events at the World Economic Forum. This appeared to me to be a rebranding of the “New World Order” agenda which establishment elites had been known to mutter about in moments of rare honesty. It indicated a concerted push towards global centralization in the face of economic and social decline within nations.
Continue reading “The Ukraine Conflict Is Just a Sideshow, and We Are the Real Targets – BrandonSmith 4/6/22”
Russia has just made some moves that are going to change the global financial system forever. When the conflict in Ukraine originally erupted, the U.S. immediately attempted to crash the value of Russia’s currency. Those attempts were successful for a few days, but now the value of the ruble relative to the U.S. dollar is almost all the way back to where it was before the start of the war. This has absolutely stunned many of the experts, because they thought that U.S. sanctions would absolutely cripple Russia. So what happened? Well, it turns out that the Russians have made some very savvy moves that have turned the tables on the Biden administration.
Continue reading “The Ruble, The Dollar And The Price Of Gold: Who Is Really Winning The Economic Chess Game? – TheEconomicCollapseBlog 3/29/22”
Source: Rutherford.org (via BlacklistedNews)
“The greatest tyrannies are always perpetrated in the name of the noblest causes.”—Thomas Paine
Continue reading “Digital Tyranny: Beware of the Government’s Push for a Digital Currency – The Rutherford Institute 3/14/22”