The New Case For Gold

Following a successful press conference for my friend Tres Knippa & Mr James Rickards: Financial Threat & Asymmetric Warfare Advisor CIA & Pentagon, portfolio manager, lawyer, economist & New York Times best seller author of Currency Wars.

I am looking forward to reading my advance copy of his new book: The New Case For Gold. Jim is the most visible, vocal & intelligent proponent for the gold standard today!

IMG_0356 IMG_0358 Rickards Promotion 写真 2

 

 

“Bail-ins Begin”: Interviews with Greg Hunter and Thom Hartmann

Bail-ins: The new rules for bank deposits!

Ellen Brown is an American author, political candidate, attorney, public speaker, and advocate of alternative medicine and financial reform, most prominently public banking.

Brown is the founder and president of the Public Banking Institute, a nonpartisan think tank devoted to the creation of publicly run banks. She is also the president of Third Millennium Press, and is the author of twelve books, including Web of Debt and The Public Bank Solution, as well as over 200 published articles.

She has appeared on cable and network television, radio, and internet podcasts, including a discussion on the Fox Business Network concerning student loan debt with the Cato Institute‘s Neil McCluskey, a feature story on derivatives and debt on the Russian network RT, and the Thom Hartmann Show’s “Conversations with Great Minds.”

Link to video interviews from original article below

WEB OF DEBT BLOG

My Dec. 29th article “Bail-ins Begin” prompted two video interviews, with Greg Hunter on USAWatchdog.com, and Thom Hartmann, below.

View original post

What Next ? Recommended insights for money management

This short video is a highly recommended 35 minute talk on what to expect in the markets & what strategies to consider for protection.

Video shared by my good friend Tres Knippa’s Short Japan Debt Newsletter

Now China and the IMF are in talks to include the Chinese Yuan as the Next RESERVE CURRENCY.

Are you familiar with the SDR’s (Special Drawing Rights) !?
The International Currency issued by the IMF held as reserves in central banks globally.

SDRs are international foreign exchange reserve assets. Allocated to nations by the IMF, an SDR represents a claim to foreign currencies for which it may be exchanged in times of need. Originally created by the IMF in 1969 for m
embers and prescribed holders to use their SDR holdings to conduct transactions with the IMF.

The nominal value of an SDR is derived from a basket of currencies, with, specifically, a fixed amount of Japanese Yen, US Dollars, British Pounds and Euro’s, without RMB.

A senior Chinese central bank official said Thursday that the country is “actively communicating” with the IMF on the possibility of including the yuan, or RMB, in the basket of the Special Drawing Rights (SDRs).

From Wikipedia: Special drawing rights (XDR aka SDR) are supplementary foreign exchange reserve assets

From the IMF: SDR Allocations and Holdings for all members as of February 28, 2015

How will CHINA’s move one step closer to becoming an OFFICIAL RESERVE CURRENCY effect your portfolio !?

Yuan

China is pushing for the International Monetary Fund to endorse the Chinese Yuan as a global reserve currency alongside the dollar and Euro.

A senior Chinese central bank official said Thursday that the country is “actively communicating” with the IMF on the possibility of including the Yuan, or RMB, in the basket of the Special Drawing Rights (SDRs).

Including the Yuan in the SDR system would allow the IMF to recognize the ascent of the world’s second-biggest economy while aiding China’s attempts to diminish the dollar’s dominance in global trade and finance.

“We hope the IMF can fully take into account the progress of RMB internationalization, to include RMB into the basket underlining the SDR in foreseeable, near future,” said Yi Gang, vice governor of the People’s Bank of China.

The Yuan became the world’s No. 2 currency for trade finance globally in 2013, and overtook the Canadian and Australian dollars to enter the top five world payment currencies in 2014, according to global transaction services organization SWIFT.

China said the Yuan has also been used as a reserve currency in some countries and regions.

LINK TO STORY: China-IMF talks under way to endorse Yuan as global reserve currency

FINANCIAL REPRESSION AUTHORITY with Marc Faber

Dr Marc Faber is credited for advising his clients to get out of the stock market before the October 1987 crash.

“If rates do not rise SIGNIFICANTLY for Pensions and Insurance funds, then they will have to DIMINISH the payments made to the pensioners and life insured !”

Dr Marc Faber is a highly respected Swiss economist investor well known for his contrarian investment approach. Amongst his frequent TV interviews, Dr Faber is a regular contributor to Forbes and “International Wealth” which is a sister publication of the “Financial Times” and several leading publications around the world, he also writes occasionally for the Herald Tribune, Wall Street Journal and Borsa E Finanza.

“It is irresponsible not to own some gold” 

“Expropriation” … the right of government to take private property ….
Continues on this video podcast;

What Happened Last Week !?

The Confiscation of Bank Deposits & the Derivatives Debt.

Russian Roulette: Taxpayers could be on the hook for Trillions in Oil Derivatives

The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia.

The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th.

On December 11th, Senator Elizabeth Warren charged Citigroup with “holding government funding hostage to ram through its government bailout provision.” At issue was a section in the omnibus budget bill repealing the Lincoln Amendment to the Dodd-Frank Act, which protected depositor funds by requiring the largest banks to push out a portion of their derivatives business into non-FDIC-insured subsidiaries.

Continue reading report here: Russian Roulette with Taxpayers Money

Watch the following interview explaining the details about The Confiscation of Bank Deposits & the Derivatives Debt

European Banks At Risk Of Bail-Ins In 2015 – Moody’s and S&P Warn

Credit ratings agencies’ frequent warnings regarding bail-ins in recent months have largely been ignored.

“Europe’s banks are vulnerable in 2015 due to weak macroeconomic conditions, unfinished regulatory hurdles and the risk of bail-ins” according to credit rating agencies.

Bank Bail-ins

In March of this year, credit rating agency Standard and Poor’s (S&P) warned that the move towards “bail-ins” and away from “bailouts” continues to evolve and pose risks to European banks and their credit ratings.

Bank of England plans to make bondholders and depositors bear the cost of bailing out failing banks, led Moody’s to downgrade its outlook on the UK banking sector this August. The rating agency said that it had changed its outlook for the UK financial system from “stable” to “negative”, citing the developing global “bail in regime” of creditor and depositor bail-in.

Moody’s have warned of bail-ins numerous times in recent months. In June of this year, Moody’s cut the outlook for Canadian bank debt to negative over the new ‘bail-in’ regime.

Depositors in some Cyprus banks saw 50% or more of their life savings confiscated overnight.

image

The truth is that banks in most western nations are vulnerable to bail-ins in 2015 and the recent G20 meeting in Brisbane was a further move towards the stealth bail-in regimes.

Continue reading here: European Banks At Risk Of Bail-Ins In 2015 – Moody’s and S&P Warn.