| Meltdown America; Now Playing! |
|
 |
|
Never before has the spin of a US 'recovery' been so transparent, to so many. The evidence that the average consumer is now completely tapped continues to pile up; last week Radio Shack announced it will shutter 500 more stores, and on Thursday the largest everything-for-a-buck retailer, Family Dollar, announced 370 stores will be axed. Yup: the US recovery is so strong, consumers can't even afford to spend $1 on groceries. Those of us paying attention long ago tuned-out the mainstream media, and tuned-in the alternatives like Zerohedge, Lemetropole' Cafe, and Global Research for the the real story on the slow-motion demise of every Western nation, due to endless QE and rigged 'markets.' And so what is the solution up-the-sleeve of the Western bureaucrats and their puppet masters? Why a trade war of course ... with China, Russia, and anyone else who dares fiddle with US dollar hegemony. And so who's winning? Not 'us' I can assure you; in fact according to ZH the score thus far is Putin X+1 - Pidgeons 0. Folks, all empires end, and so does their money -- it is a fact of history. The US Empire and their fiat dollar is breathing its last breath, while the rest of the world stacks silver and gold bullion and continues to move away from doing deals in US Dollars (see below). My suggestion is to make a bet with history, and position into the one form of money that is unencumbered, free of counter-party risk, and that has stored wealth for 6,000 years, while there's still time. Please contact me for the very best pricing and discreet, informed service. Cheers!
China Has (much) More Gold Than 'Official' Figures Show
Official figures from China Gold Association (CGA) show that the Asian superpower consumed 1,176 tonnes of gold in 2013, 41pc higher than in 2012. However, about 500 tonnes of gold from Chinese mines and scrap is unaccounted for by the CGA.
Mr Macleod believes the country holds more gold that the stated figures suggest, and in fact consumed 4,843 tonnes in 2013 alone. "It fits in with what appears to be China's geo-political strategy when it comes to gold"
Central Banks' Investment in Yuan Puts it Near Reserve Status
The IMF does not disclose the percentage of reserves held in yuan, but the emerging market countries' share of reserves in "other currencies" has increased by almost 400 per cent since 2003, while that of developed nations grew 200 per cent, according to IMF data. Pihlman said "a great number of central banks are in the process of adding [yuan] to their portfolios". "The [yuan] has effectively already become a de facto reserve currency because so many central banks have already invested in it," he said. "The [yuan] may become a de facto reserve currency before it is fully convertible."
Russia Prepares to Attack the Petrodollar
Rosneft has recently signed a series of big contracts for oil exports to China and is close to signing a "jumbo deal" with Indian companies. In both deals, there are no US dollars involved. Reuters reports, that Russia is close to entering a goods-for-oil swap transaction with Iran that will give Rosneft around 500,000 barrels of Iranian oil per day to sell in the global market. The White House and the russophobes in the Senate are livid and are trying to block the transaction because it opens up some very serious and nasty scenarios for the petrodollar.
Putin Plays A Golden Card
Vlad has allowed Bank Roosiya to issue bank notes that are fully convertible into any foreign currency, including gold. This does not mean that Russia will institute a gold-backed and convertible ruble next week. What this does mean, however, is this: All that you've read from me, Sinclair, Willie, Turk, Rickards, Butler and others is TRUE. This is going to happen. Eventually, the dollar-creditor nations will rise up. The next global financial system will not be based upon the endless printing of paper currency, backed by a sole superpower hegemon. It will, instead, be backed with gold.
Pakistan Refuses to Sell $2.7b Worth of Gold Says IMF
The State Bank of Pakistan (SBP) holds over 2 million troy ounces of monetary gold, having $2.7 billion value at market rate.The IMF and Pakistan authorities discussed what steps would be needed to make gold more liquid, the report adds. "However, the (Pakistani) authorities stressed that they have no plans to sell gold and preferred existing arrangements for gold holdings for national security reasons."
Happy To Help ..
The incredible paper price attacks of this past year are the very best signal you'll ever get that the coming financial hurricane is closer than ever, and that physical silver an gold ownership is an absolute necessity. We currently have a healthy supply of gold and silver products, in all shapes and sizes. Please contact me for the very best pricing and discreet, informed service.
Is the US or the World Coming to an End?
2014 is shaping up as a year of reckoning for the United States. Two pressures are building on the US dollar. One pressure comes from the Federal Reserve's declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed's illegal price rigging spreads. The other pressure arises from the Obama regime's foolish threats of sanctions on Russia. Russia and China have had enough (and) are disconnecting their international trade from the dollar.
Something HUGE Just Happened; Mainstream Media Silent
The most important political development in 200 years was triggered last week, when the state legislature of Michigan became the 34th state to demand a "Constitutional Convention" in the United States. Under Article 5 of the US Constitution, if 2/3rds of the states call for such a convention, (meaning 34 states) it MUST take place. During such a convention, the ENTIRE Constitution can be changed; nothing is off-limits. This would even allow the States to dismantle the federal government without its consent, and repudiate the debt which that government has incurred!
|
Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
|
|
Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
|
|
|
