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Central Bankers Go Full Retard!

Friday the 13th -- 2014

Those of us not living Wall Street have long known that 'real' interest rates have been negative for many years, and that the bureaucrats can only propagate and pretend this is not the case with their farcical inflation index. The reality is that stimulating growth with easy credit is akin to keeping a heroine addict alive with more injections - he is never cured, but does live another day (hopefully). And there is no more telling evidence that the patient called the "Global Economy" is barely breathing than the Baltic Dry Index, which is having its worst year ever on record. So what's the plan from here, sound money? Nope. Less intervention? Nope. Lower taxes? Not a chance. The solution is NEGATIVE interest rates! Of course, paying the bank to keep your money safe is a brilliant idea. Can't happen here you say, in our home and native land? Well think again; two Fridays ago a Page 3 article in the Globe & Mail's Business Section entitled "Why central bankers would like to trash your cash" suggests that negative rates might be necessary to discourage you from hoarding and encourage you to start stimulating. The brilliant IMF shill quoted in the article then pontificates that a negative interest-rate policy could lead people to withdraw their money from banks (do ya think?), and that the solution to this blowback is to simply eliminate cash! Simple. The central bankers truly have gone full retard! My suggestion is to give them the finger NOW and position into the only form of money that is unencumbered, free of counter-party risk, and that has stored wealth for 6,000 years, while you still can. Please contact me for almost free pricing and discreet, informed service. Cheers!

Europe Officially Enters The "Monetary Twilight Zone"
Goodbye ZIRP, hello NIRP. Today's decision by the ECB to officially lower the deposit facility rate to negative (as in you pay the bank to hold your deposits) is shocking, but not surprising. ECB President Mario Draghi reduced the deposit rate to minus 0.10 percent from zero, making the institution the world's first major central bank to use a negative rate. Negative rates would destroy the business model for money- market funds, which would face the prospect of paying to invest, said Societe Generale economist Klaus Baader.

Russia Is Doing It - Russia Is Actually Abandoning The Dollar
The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros. And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom. Gazprom makes up 8 percent of Russian GDP (and) holds 18 percent of the natural gas reserves of the entire planet.

US Corporations Dump Dollar for Chinese Renminbi to Buy Imports
China's renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market. The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.

Belgium: Money-Laundering Toilet For Unwanted Treasuries
BBC From November 2013 through January 2014, Belgium with a GDP of $480 billion [supposedly] purchased $141.2 billion of U.S. Treasury bonds. Somehow Belgium came up with enough money to allocate during a three-month period 29 percent of its annual GDP to the purchase of U.S. Treasury bonds. It is a prima facie fraud, and thus (inevitably) a money-laundering operation. "Somebody" gave the Belgian government the currency to fund this sham-transaction. However, many notable questions remained unanswered.

Steve Forbes: Link dollar to gold or face Great Depression II
Influential financial publisher and former presidential candidate Steve Forbes is out with a new warning that the U.S. faces an economic catastrophe due to the Federal Reserve's loose dollar policy, and returning to a strict "gold standard" is the only way to avoid disaster. "The refusal of many in the policy establishment to entertain the idea of a return to a gold standard is based on astounding ignorance about just what a gold standard would mean and how it would work," he wrote in the new book.

Happy To Help ..
SJM 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.

AUSTRALIA STEALING "DORMANT" ACCOUNTS?
In 2014 the Australian federal government has seized a record $360 million from bank accounts that have sat untouched for only three years, putting the concept of "savings" into new light. Some of the accounts were worth millions. Some are outraged as pensioners and retirees have lost deposits for which they've worked so hard. According to the Australian Security and Investments Commission (ASIC), the $360 million came from 80,000 "inactive" accounts. Before a change in the law, the government had to wait seven years before stealing the money from accounts. This rule change has been a windfall for the government as it collected more money from January-May this year than it did in the past five decades combined.

This Canadian gold mine could be yours - $2m in Bitcoin
A mine located in Canada's historic Yukon gold belt is on sale for more than 3,000 bitcoins, or $2 million at current prices -the very first offering of its kind on popular bitcoin-only online marketplace, BitPremier. According to the listing, the small, producing gold mine located in Dawson City has the potential to produce 3,000 to 4,000 ounces of gold per year, and the price tag includes $1 million worth of actual mining equipment, the rights to one mining property and the lease agreement to another mining lot.

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.