IT'S ALL ABOUT MONEY - GLOBAL FINANCIAL ALERT

by Michael Henry Dunn - JAKARTA, April 5, 2013: Word has reached Neil Keenan here that the banking cabal’s fear and desperation are now moving into what may be a final phase. They tried triggering World War III and that didn’t work. They thought they could depopulate the planet through designer diseases, and that didn’t work. They thought they could escape to vast underground cities, and (thanks to off-planet allies) that can no longer work. Facing exposure, humiliation, and prison (if they are lucky) they are now down to their last desperate throw: to create financial chaos by collapsing world currencies and pulling off a vast Cyprus-style theft of middle-class savings in the U.S. As global forces line up behind Neil Keenan, the Alliance, the Qing Dynasty, and the imminent “Changing of the Guard” to reclaim control over the Global Collateral Accounts, the oligarchs are desperately stockpiling gold in the hope that they can once more dominate an impoverished humanity by surviving the chaos that they themselves plan to trigger.

Not going to happen – they made the mistake of stealing from Neil Keenan.

Clearly, there’s more to it than that, and this fight for freedom has been secretly waged by thousands of men and women for decades. But it may well be that historians will look back at the moment when the hapless Daniele Del Bosco absconded with $144.4 billion in bonds entrusted to Keenan by the Dragon Family as the turning point that set the final wheels in motion to bring down Financial Tyranny. As Del Bosco attempted to launder the bonds through the Italian government, the U.N., the World Economic Forum, and the so-called Office of International Treasury Control, Keenan relentlessly pursued the unfolding evidence that led to the Trillion-Dollar Lawsuit and the creation of the Monaco Accords, which are now supported by more than 160 nations. Information continues to flow into Keenan on a daily basis from multiple sources, as witnessed first-hand by this writer.

Forces are now in motion to prevent this final dark plan from succeeding. The cabal’s desperation is palpable. It’s every man for himself, as the once monolithic Illuminati becomes merely a pack of vicious thieves – which is all they ever were in fact – fleeing from the justice they thought they would never face. Meanwhile, the pressure on them increases daily as the avenues of escape are closed off one by one. And military, militia, and intelligence cooperation is poised to make the long-awaited final sweep of the cabal power structure.

The cabal’s strategy down through the ages has always been the same: “out of chaos, order.” They create the chaos, and then impose an ever more oppressive “order,” in order to degrade free human beings into debt slaves. They lived by their twisted version of The Golden Rule: ”he who has the gold makes the rules.” They amassed the gold reserves now known as The Global Collateral Accounts on the pretext of removing the cause of war (while slaughtering millions in a series of gold-theft wars). In a century-long struggle, they succeeded in subverting their greatest enemy – a free American republic – into the bankster-controlled U.S.A., Inc., via their secret ownership of the Federal Reserve System. They triggered the Great Depression so they could buy America for a song while outlawing private ownership of gold. The final phase of their grand strategy called for their rulership over a post-Armageddon remnant of mankind. These plans have now fallen apart, and their grand goal of ultimate dominion has been reduced to a desperate struggle for survival.

Today’s AM fix was USD 1,552.75, EUR 1,201.35 and GBP 1,019.60 per ounce.
Yesterday’s AM fix was USD 1,545.25, EUR 1,207.42 and GBP 1,025,65 per ounce.

Gold fell $4.90 or 0.31% to $1,553.10/oz and silver fell 10 cents or 0.37% to $26.87/oz on the COMEX yesterday.

Cross Currencies Table – Bloomberg

Gold is higher in most currencies today except the Japanese yen. Gold surged over 3% to 0.149 million yen per ounce yesterday as markets shuddered due to the scale of currency debasement soon to be seen in Japan.

While the Nikkei has surged as expected, Japanese 10 year bonds sold off sharply with yields spiking from the all time record lows of 0.334% to over 0.6%.

The risks of a bond market crisis or currency crisis in Japan is something we have long warned of. The risk is now very high and hence strong demand for gold bullion in Japan with Reuters quoting sources in Japan who said that "the general public is buying."

Billionaire investor George Soros and Bill Gross, who runs the world’s biggest bond fund, said the Bank of Japan’s currency debasement risks weakening the yen. Indeed, Soros has warned of a currency "avalance".

“If the yen starts to fall, which it has done, and people in Japan realize that it’s liable to continue and want to put their money abroad, then the fall may become like an avalanche,” Soros said today in an interview on CNBC.

An interesting development in the precious metals market is the largest Dutch bank, ABN Amro, has said that they will no longer be providing physical delivery of precious metals including gold, silver, platinum, and palladium bullion coins and bars.

ABN AMRO, one of the largest banks in Europe announced in a letter to clients that it would no longer allow clients to take delivery of their metal and instead will pay account holders in a paper currency equivalent to the current spot value of the precious metal.

Thus, instead of legally owning a risk free, physical asset (a bullion bar or a bullion coin), the bank’s clients are now unsecured creditors and are now exposed to the bank and the financial system – somewhat defeating the purpose of owning precious metals.

The move highlights the importance of owning physical bullion either in your possession (be that be in a safe or vault in a house, in the attic, under the floorboards or elsewhere in your possession) or in a secure vault in a country that is stable and respects property rights.


Gold in USD (3 Year) – Bloomberg

Gold is again testing long term support at the $1,540/oz level and at the €1,200/oz and £1,000/oz levels (see charts).

While further weakness is possible and the short term trend remains down, current price levels will be seen as cheap in the coming years as fiat currencies continue to be devalued versus store of value gold.

Gold looks oversold and gold’s 14-day relative strength index has fallen to 28.4, below the level of 30 that indicates to some analysts who study technical charts that a rebound may be imminent.

Markets and many experts remain in complete denial about the ramifications of the EU, IMF, ECB deposit confiscation in Cyprus. The mantra is that Cyprus is different and unique. This is the same complacent and irresponsible mantra that was heard when the subprime crisis in the U.S. reared its ugly head and when Greece began to implode in 2009.

The CEO of Unicredit Federico Ghizzoni said yesterday that it is “acceptable to confiscate savings to save banks.” He said that the savings which are not guaranteed by any protection or insurance could be used in the future to contribute to the rescue of banks who fail and that uninsured deposits could be used in future bank failures provided global policy makers agree on a common approach.

Gold in EUR (3 Year) – Bloomberg

He called for “a common solution in Europe” saying that the “EU should pass laws identical and shared in different member states”. Indeed he went a step further and called for a global coordination of deposit confiscations to rescue failing banks.

Including deposits “is acceptable if it becomes a European solution,” said Ghizzoni, 57.

“What we cannot accept is differentiation country by country inside the same area. I would strongly suggest to make this decision not only within Europe but within the Basel Committee, where all countries are represented.

Ghizzoni is also a Member of the Board of Directors of Institute of International Finance in Washington, Member of the International Monetary Conference in Washington and Member of the Institut International d'Etudes Bancaires in Brussels. He attended the powerful Bilderberg Group meeting in Spain in 2010 and he a frequent attendee at Davos.

It is important to realise that the Cypriot deposit confiscation was not a "haircut" rather this is a confiscation of people's deposits - 60% of individual and companies hard earned cash saved in a bank.

Cyprus is not a tax haven or offshore. It is in the EU and the majority of the deposits were held by EU citizens - Cypriots, Greeks, British, German, Italian and citizens and companies of other nations.

Russian deposits made up just 8% of the total and of that only a tiny fraction was 'Oligarch money'.

This is an attack on capitalism itself and something that one would expect in North Korea. It is a very dangerous precedent and what is more concerning is that there are policy papers calling for similar confiscation of deposits in the UK, Canada and New Zealand in future "banker bail outs" or “bail ins”.

We do not have a “crystal ball” however we are keen students of economic history and of the history of debt and financial crises. This clearly shows that sovereign nations, be they led by kings and queens or democratically elected governments usually resort to printing money and debasing the currency or expropriating assets.

Gold in GBP (3 Year) – Bloomberg

Today, we have powerful supranational institutions who have little loyalty or affinity with ordinary people or businesses and whose primary aims seem to be to protect failing banks and a failing currency union.

The confiscation of deposits, especially deposits over the €100,000 level seems likely in other European countries and could be seen in indebted nations globally.

Individuals, families and companies need to diversify their assets and not have all their life savings and capital in banks.

"Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts." --Trader Dan Norcini

QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple. --Jim Sinclair
My Dear Extended Family,

You must now act to exit the system

Bail-in
http://lexicon.ft.com/Term?term=bail_in
(excerpt)

The US has already put in place bail-in-like powers as part of the Dodd-Frank financial reform act passed last year. The law includes a resolution scheme that gives regulators the ability to impose losses on bondholders while ensuring the critical parts of the bank can keep running.

Employees would be paid, the lights would stay on and derivatives contracts would not have to be instantly unwound.

I have given my all to communicating the most important conclusions concerning your future financially and therefore on every level of life.

1. The operation to depress the gold price since the high was limited in time and is now behind us in terms of maximum pain for the bulls.

2. You must exit the system immediately because the Financial Nazis struck in Cyprus and now are moving directly towards you. This is simple fact, which if you ignore will be akin to the rise of the Nazis in Germany for those that knew they should, but never made the decision to leave that system.

The saddest fact is that many of you have thrown away your gold share and bullion insurances to the enriched Bankster bullies. You will now pay no attention to the need to exit the system. It is as if you are moths attracted to the flame of danger, and a sloth in that you are too lazy to take the actions required to protect yourselves. If you do not pay attention to this interview you are going to sacrifice all you have worked to accomplish in your lives. Most certainly those that are planning any form of retirement are right now dancing on the head of a needle.

Here are a few most important actions you, in my opinion, must take.

Government sponsored retirement tax preferential retirement programs must realize that one of the IMF plans in Cyprus was to nationalize all retirement programs. That means steal your retirement funds and assets, replacing them with some form of future paper assuming Cyprus returns to solvency.

You must, in my opinion, face whatever tax consequences there are and close your retirement programs. You are in clear and present danger of confiscation for questionable paper of whatever you hold in these type accounts. In a financial sense you are exactly what the ghettos in Germany and Poland were when they knew they should run but found any excuse possible not to do what was logically screaming at them to take action.

I am screaming at you from every pulpit I can find, with no personal benefit that you must take various actions and take them now. The fact the IMF, a major international body, had the audacity to demand that Cyprus nationalize all it pensioners and confiscate large percentages of the account values should be like a flashbulb going off in your eye to wake you from your sheeple slumber.

Bite the bullet.
Pay the tax.
Get your assets back.
Get out of the system.

The next action you must take is to get as far away from social media, and the use of credit cards for everything because you are painting a picture for the tax collectors that are going to go ballistic in their effort to collect your money from you in order to create revenue for governments going broke, or who are already hiding the fact they are broke.

It might take some effort, but stop your kids from informing the world of everything you and they have done on their social media. Computer based comparisons of family income to family activities will spur punitive audits when the apparent expenses are greater than the combined declared income.

The revenues services of every country are cranking up their computer search programs to grab information. You must stop so freely providing information, and maybe bragging on social media to make others think your lives are better than they really are. You must turn off the switch on your children use of social media if they are still under your authority. You must suggest to your emancipated children that they are foolish in informing the world of every little thing that do in search of 1000 friends on social media that would not really give a damn if they had a problem.

As an example of the new high tech snoops you are feeding with your credit cards and social media, research the following article.

IRS High-Tech Tools Track Your Digital Footprints - Yahoo! Finance

-- Charting and analyzing social media such as Facebook
-- Targeting audits by matching tax filings to social media or electronic payments
-- Tracking individual Internet addresses and emailing patterns
-- Sorting data in 32,000 categories of metadata and 1 million unique "attributes"
-- Machine learning across "neural" networks
-- Statistical and agent-based modeling
-- Relationship analysis based on Social Security numbers and other personal identifiers


You must eliminate to the greatest degree possible all the agents between you and your assets.

There is no question that leaving assets in street name with your brokers and bankers is a financial death wish. The preferred way of holding shares of stocks has always been in your own name as physical certificates. The second best method, but much better than street name, is to hold your shares in Direct Registration. Do not expect your banks, brokers or companies you are invested in to make it easy to get out of their system. They will fight you all the way, but you have to insist on your rights regardless of their refusal or false dire warning of negative circumstances when you succeed in demanding your rights. Most of it exaggerations of what is really minutia when it comes to protecting yourselves.

Large credit balances in the form of banking accounts in CDs or in pure cash is now holding up a red blanket for the fighting confection bull of governments seeking your assets to hold off their financial collapse from their own spending sins of decades.

We can discuss in open forum, face to face or in writing later what to do with your assets but right now, as Braveheart cried, they must have FREEDOM from the system. There is much more that needs to be done, but what you have here is what should be called first priority. This should be viewed as call to action. I have not been too much off the mark on calling the developments not only of the past 12 years, but for the entirety of my successful career of more than 50 years in finance.

You ignore me at your own severe personal risk.

Its all about money.

BRICS developing an equivalent World Bank and global currency to counter the IMF.

US dollar will no longer be the global reserve currency.

All part of a thesis / anti-thesis development backed by the Illuminati and Vatican.

This is tied with the new Pope.

US using N Korea as a pretext to stage military for a China conflict.


China Development Bank grabs chance for aggressive global loan expansion

China Development Bank is now the world's largest for overseas loans and is playing a leading role in promoting Beijing's economic interests abroad

http://www.scmp.com/business/banking-finance/article/1189404/aggressive-global-loan-expansion-china-development-bank

The governments and dictatorships ruling over the so-called BRICS countries — Brazil, Russia, India, China, and South Africa — agreed to set up a new world bank that analysts say could further marginalize the increasingly unstable U.S. dollar, possibly helping to eventually dethrone it as the global reserve currency.

Meeting in Durban, South Africa, last week at their fifth annual summit, the socialist and communist-minded BRICS regimes also announced their support for creating a new world currency and full-fledged global governance.

http://www.fromthetrenchesworldreport.com/brics-regimes-forge-new-world-bank-call-for-global-currency/39867/

As The New American has been reporting for years, the push for a planetary fiat currency is gaining traction as the privately owned Federal Reserve continues to destroy the dollar. Unsurprisingly, the BRICS regimes agreed with the Socialist International and other powerful forces seeking to build a global central bank with a new world currency. In the final BRICS Durban declaration, signed by all five rulers on March 27, the totalitarian-minded alliance openly called for expanding the role of the International Monetary Fund’s proto-global currency known as Special Drawing Rights.

“We support the reform and improvement of the international monetary system, with a broad based international reserve currency system providing stability and certainty,” the five regimes said in the declaration, calling for Third World dictators to have a greater say in the IMF and the emerging global monetary regime. “We welcome the discussion about the role of the [IMF’s] SDR in the existing international monetary system including the composition of SDR’s basket of currencies.”

As the U.S. central bank continues to conjure trillions of debt-based dollars into existence to bail out its cronies and various foreign banks, the fiat currency has become increasingly unstable. Without citing specific institutions or governments, the BRICS regimes questioned the so-called economic “recovery” and warned about policies in some “major economies.” The alliance also warned that central bankers in “advanced economies” — the West, in other words — have flooded the world with fiat currency, which the BRICS chiefs said may negatively affect poorer countries.

So, as The New American has documented extensively in recent years, BRICS rulers finally gave the green light to create their own global “development” bank — a potential rival to the largely discredited and widely reviled IMF and World Bank that the BRICS regimes insist will “complement” existing institutions. “Following the report from our Finance Ministers, we are satisfied that the establishment of a New Development Bank is feasible and viable,” they said in the declaration. “We have agreed to establish the New Development Bank. The initial contribution to the Bank should be substantial and sufficient for the Bank to be effective in financing.”

The move, according to experts, will also pave the way toward further marginalizing the U.S. dollar in international trade; potentially with devastating consequences for the American economy if and when the Federal Reserve’s fiat currency loses its prized position as the global reserve. On the sidelines of the summit, some of the BRICS regimes — most notably Brazil and China, which will trade up to $30 billion per year — also agreed to start swapping tens of billions in each other’s currencies, sidelining the current global reserve currency.

BEIJING (Reuters) - Sun Apr 7, 2013 - A huge monetary stimulus package to be unleashed by the Bank of Japan this week is a welcome step in supporting growth in the world economy, the managing director of the International Monetary Fund (IMF) said on Sunday. "Monetary policies - including unconventional measures -- have helped prop up the advanced economies, and in turn, global growth," Christine Lagarde told a forum in south China.

BOAO, China (Reuters) - Sun Apr 7, 2013 - China's President Xi Jinping pledged on Sunday that change and peaceful development will power his country's economic rise and sustain growth within its borders and beyond. Stressing that peace was pivotal for the future of the world's second biggest economy, Xi appealed to business and political leaders to use diplomacy and dialogue to resolve disputes and allow wealth to spread and solve problems.

"For Asia, development is still the top question, development is still crucial for solving many problems and conflicts," Xi told a forum in Boao on the southern Chinese island province of Hainan. "Without peace, there is no need to talk about development," to added, speaking to an audience of executives and foreign leaders including Australian Prime Minister Julia Gillard, Myanmar President Thein Sein and IMF Managing Director Christine Lagarde.

Painting a picture of a richer China in 2020, when the government expects average rural and urban incomes will be double 2010 levels, Xi said his country would increasingly export its wealth to its neighbors.

China will import $10 trillion worth of goods a year five years from now, he said, and outbound investment will rise by a big margin. Domestic consumption, particularly retail consumption, will also continue to expand.

China imported $1.8 trillion worth of goods and services last year, up a meager 4.3 percent from a year ago as its economy slumped into its worst downturn in 13 years. But Xi was upbeat about the future, saying growth would follow when his government changes China's economic structure and financial system. He did not give details.

"China's economy will continue to maintain a healthy growth rate," Xi said. "We will persist with reforms and doggedly pursue the path of changing our economic ways."

In contrast, an ailing global economy faces a difficult recovery fraught with risks, he said.

Xi's message of China's peaceful and inclusive rise was echoed earlier when nearly a dozen senior executives from Chinese state-owned firms met peers from top Australian banks and companies.

Andrew Forrest, an Australian iron ore magnate and founder of Fortescue Metals Group, who chaired the closed-door meeting, told reporters that Chinese state firm executives wanted Australians to know that China was not "expansionist" or "aggressive".

"They do not understand how people could look at China through anything but friendly eyes," Forrest said.

Security concerns in other countries have hampered or overshadowed the overseas expansion of several large Chinese companies, including telecoms equipment firm Huawei Technologies Co Ltd and state-owned oil company CNOOC Ltd..
(Reporting by Koh Gui Qing; Editing by Robert Birsel) http://www.reuters.com/article/2013/04/07/us-china-economy-xi-idUSBRE93601D20130407

Published: Sunday, 7 Apr 2013 | 7:13 AM ET - On Sunday night Jack Lew will board a flight for his first visit to Europe as U.S. Treasury Secretary. The two day visit will see Mr Lew meeting with Olli Rehn and Jose Manuel Barroso from the European Commission, Mario Draghi at the European Central Bank followed by flying visits to the finance ministers of Germany and France in Berlin and Paris.

Mr Lew is likely to choose his words carefully in three press conferences he is due to hold in Brussels on Monday, Berlin on Tuesday morning and Paris on Tuesday afternoon in a bid not to offend his hosts and become too closely associated with their many problems.

You can expect praise for the European Central Bank and its leader Mario Draghi who Lew will meet on Monday afternoon in the most low key of his four meetings while in Europe.

Draghi's unconventional measures aimed at restoring confidence in the euro late last year meant the bailout for Cyprus that was paid for in part by confiscating cash directly from accounts of rich depositors in the country didn't lead to major financial volatility.

Those measures have also bought time for Europe's politicians to get their house in order.

Behind closed doors both Lew and Draghi are likely to be asking each other if there is any hope of Europe's leaders actually getting their house in order.

Mr Draghi made it clear in Thursday's ECB press conference that the buck does not stop with him and the central bank. He told Europe's political leaders that they need to begin taking the difficult decisions on structural reforms that are needed for the euro zone to regain its competitiveness.

The politicians agree with this in principle but in practice no one really knows how to push ahead with major structural reforms, keep their economies growing and get re-elected.

Germany, the most important economy in Europe and first among equals at the euro zone table is an exception to this rule. Angela Merkel is doing very well in the polls ahead of September's election and the government is set to balance its budget, something Mr Lew must wish he could say of the highly indebted Federal Government in the United States.

But while Germany has its own house in order most of its friends and neighbors are in need of a major spring cleaning. When Mr Lew meets with Wolfgang Schaeuble, the German Finance Minister in Berlin the key question has to be what role Germany will play in the clean up and how much money it is willing to find itself liable for when the bills need paying.

The answer from Schaeuble is likely to be: "as little as possible, Mr Lew."

The most urgent issue facing the euro zone is to end the uncertainty surrounding who takes losses when the next euro zone bank gets into trouble.

This weekend Olli Rehn from the European Commission said it is possible that big depositors could lose out in future bailouts, while Jens Weidmann, the chief of the Bundesbank also said Cyprus showed that banks could be wound up in the future.

In essence, both suggested that using taxpayer money to save failing banks could be a thing of the past.

Europe's policymakers don't like to hear it, but the actions in Cyprus have reduced confidence in the safety of deposits held in banks across the euro zone.

Confidence in deposits and guarantees of money kept in banks had been an undisputed success of the 5-year old debt crisis until the tiny island of Cyprus was forced to tax its uninsured depositors in its failed banks.

Total confidence that savings are not at risk can only be restored when a coherent, euro zone plan is in place.

How this process can be pushed forward while causing as little uncertainty as possible should be the key discussion Mr Lew has with European Monetary Affairs Commissioner Olli Rehn in Brussels tomorrow morning.

If this aim is going to be achieved, the Commission, IMF and the ECB need to get on the same page on how to impose austerity measures on bailed out countries like Greece, Portugal, Ireland and now Cyprus.

Reports of divisions within the troika do not help confidence when Europe's political capitals are also divided on how to deal with the debt crisis.

This division will be highlighted by Lew's final stop on his tour of Europe in Paris. France's finance minister and his boss, Francois Hollande will be hoping for some supportive words on growth over austerity.

Less than a year after being elected Hollande's popularity with voters has collapsed following a number of scandals and the realization that Hollande has no chance of delivering on the promises he made to get elected.

The French government has held up the U.S. policy of putting off austerity and continuing to borrow heavily in a bid to support growth, as an example for Europe.

Hollande has positioned himself as the voice for growth in Europe and championed a recent agreement to tackle youth employment across the continent.

But his success at the last EU heads of state summit in March in at least focusing the discussion on growth was forgotten by the next morning when euro zone finance ministers agreed a bailout deal for Cyprus that even Mario Draghi described as "not smart".

There is lots more to worry about in Europe. Italy has no government and looks unlikely to have one that will be able or willing to push through reforms anytime soon.

In Lisbon this weekend the Portuguese constitutional court rejected 1.5 billion euros ($2 billion) worth of austerity measures that need to be made as part of its bailout agreement.

The fact that the court rejected plans to scrap summer holiday bonuses for government workers and pensioners shows just how difficult it is to push through spending cuts.

Jack Lew has his own problems back at home, but he will be hoping his European tour will reduce the risks to the U.S. economy from this side of the Atlantic. Lew's first oversees trip was to China, a relationship he knows could define his time as Treasury Secretary. Europe should remember that if it does not get its act together future Treasury Secretary's could very well visit China, India, Brazil, and Mexico before heading over to see their European counterparts.

Given the European Union combined is the world's largest economy such an outcome would be an embarrassment.
http://www.cnbc.com/id/100621964

Unholy alliance: The Bible warns of an unholy alliance between religion, finance, and political powers at the end of time that will usher in a new age of global conformity. “And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17

April 8, 2013 – ECONOMY – The same could potentially be said for Bitcoin as over the past months its popularity has grown so much that “anarcho-capitalist…Libertarian…Freedom Fighter against mankind’s two biggest enemies, the State and Central Banks,” Dollar Vigilante Chief Editor, Jeff Berwick, has been on CNBC, CNN, Fox News, and BBC, and other mainstream outlets. What brought on this sudden attention? No, not our anarcho-capitalism, but our announcement of the world’s first BitcoinATM. So, is Jeff just a patsy so that the New World Order can bring in a digital currency? I began wondering this myself, and I came to what I think is a reasonable conclusion. What many skeptics fail to understand is that the so-called New World Order – with its global governance, fiat currencies, and so on – has already, for the most part, been implemented on a global scale. Especially economically. For instance, 95%+ of fiat money today is digital, and it’s all based on the Federal Reserve System, thus creating one worldwide currency with lots of different designs on the actual notes supposedly representing the various cultural backgrounds of nation-states. Despite nearly everything being digital already, there are mainstream technologies that go above-and-beyond, aiming to rule out the need for cash. One particular app for this cashless society, above-and-beyond credit and debit, is called Square, and was developed by Jack Dorsey, Twitter’s co-founder. According to CNN, “this is a telltale signs that the mobile-payments revolution has arrived.” CNN writes, as anyone who has studied American consumers know, “changing the way Americans pay for stuff is going to be really hard work.” But Bitcoin is turning out to be a force to be reckoned with. For instance, in comparison to long-time friends of the liberty movement, gold and silver, Bitcoin seems to have been the play to make over the past six months and beyond. For months, besides today’s drop from $150-$115, after running to $150 from $105, our charts over at Gold Silver Bitcoin have shown a bimetallic standard precipitously dropping relative to Bitcoin.

The CNN article surmises that, “Paying by phone will be as transformative as the advent of the credit card in the 1950s. It will change the way we shop and bank. With powerful smartphones and tablets taking center stage on both sides of the checkout counter, it will reshape the relationship between buyer and seller. Not only will the phone or the tablet become a wallet for consumers, but it will also turn into a credit card reader and a register for merchants. Shoppers will use their mobile device as a coupon book, a comparison-shopping tool, and a repository of those unwieldy loyalty cards they carry from everyone from giant retail chains to the corner bakery. And your smartphones will serve as beacons that will alert a retailer when you walk into its store so that it can recommend products, show you reviews, or direct you to aisle five, where that beanbag chair you didn’t buy last week still beckons — and you can now have it for 10% off. You won’t even need a few singles to tip the valet or pay the dog walker, because they’ll take mobile payments too.” This basically explains the Bitcoin experience. One big difference? While CNN assumes a central authority, Bitcoin does not. With big players like AT&T, Verizon, Visa, Mastercard, Google, Microsoft, and eBay’s PayPal unit investing in billions in digital payment solutions, it is no surprise that the mainstream media is serving the idea to the public domain in kind and uncritical ways. One of their assumptions is a monopoly on the technology by some corporation friendly to compromising. While the mainstream press has been unable to ignore Bitcoin, it certainly has been critical of Bitcoin being prone to hackers. Sure, a great many people have lost bitcoins. But, imagine if the general population had to become their own banks. Most of them would get eaten right away by sharks in the economic waters. The CNN article champions the ease of digital transactions, and the time saved. Bitcoin is surely faster: “While this revolution will be powered by complex technology, its ultimate effect will be to greatly simplify things for consumers. Think about my experience at Grumpy. While I had to fiddle with my phone ahead of time — to upload my credit card to the Square app and to authorize it to talk to the Grumpy register — once there, the phone never left my pocket. All I had to do was order my cappuccino.” The article portends that “a cashless future is more real than many suspect.” According to the global head of mobile at Visa, “financial institutions are going to have a big role to play. We are, I think, on a precipice of some fundamental change in the way money is exchanged between consumers and businesses,” Rep. Shelley Moore Capito, R-W.Va., said as she opened the first of a string of hearings one year ago on cashless ways. The Federal Reserve found that 12 percent of cell phone users had already made a payment through their phones, and almost two-thirds of technology experts surveyed by the Pew Center on Internet and American Life said they expected mobile payments to eclipse cash and credit cards by 2020. –The Market Oracle

Loose central bank policies may threaten global financial stability when interest rates rise because lenders could become "addicted" to central bank financing and put off vital reforms, the International Monetary Fund has warned. The IMF said accommodative measures adopted by the Bank of England and other central banks, such as low interest rates and quantitative easing, had helped to stabilise the financial system. However, it warned that the longer these policies – dubbed "MP-plus" – were in place, the greater the risk that negative effects could spill over to other parts of the economy. "Financial stability risks may be shifting to other parts of the financial system, such as shadow banks, pension funds, and insurance companies," the IMF said in a chapter of its Global Financial Stability Report. "Despite their positive short-term effects for banks, these central bank policies are associated with financial risks that are likely to increase the longer the policies are maintained." The IMF found evidence that loose monetary policy "may be supporting a delay in balance sheet cleanup in some banks", and could encourage them to "evergreen", or roll over bad loans instead of recognising losses on their books.

Related Articles:

Big banks 'more dangerous than ever' - Lagarde 10 Apr 2013
QE unlikely to cause inflation - IMF 09 Apr 2013
Cyprus to sell €400m of gold as bail-out costs nearly double 11 Apr 2013
French failure to reform 'threatens euro' 10 Apr 2013
Lagarde: crisis has created 'three-speed economy' 10 Apr 2013
Slovenia could avoid full-blown bail-out: IFF 10 Apr 2013

Christine Lagarde, the Fund's managing director, warned yesterday that the threat from world’s biggest lenders was “more dangerous than ever” and said that Europe needed to restructure or wind down its banks as part of a vital clean-up of the industry, A separate chapter released by the IMF on Thursday found that sovereign credit default swaps – a form of insurance against default – did not destabilise markets or push up countries' borrowing costs.

Gold continued to take a battering on the spot market Monday, shedding nearly another $100 per troy ounce after weaker than expected data on Chinese first quarter growth sparked a new wave of selling on concerns that China and India, the world's two biggest buyers, may slow purchases. The price of gold slumped to $1,400 an ounce in what appears to be panic selling after China’s first-quarter growth came in lower than expected. Other markets were also hit, with silver and other commodity prices and currencies like the Australian dollar are falling too. Photo: Bloomberg

Around midday in Europe, spot gold was down 5.2% at $1,404 a troy ounce, having earlier tumbled around $95, or 6.4%, to a two-year low at $1,385.88/oz. This follows Friday's rout, when the metal fell 5%, pushing it into bear-market territory.

Gold prices have plunged some 11%, or $170 an ounce, over the past week.

In this file photo dated Oct. 9, 2012, a technician prepares gold bars to pack for delivery at the Emirates Gold company in Dubai. Worries are spreading that Asian buying, which has helped prop up gold prices for years, may be fading. China reported its economy unexpectedly slowed last quarter, spurring fears that Chinese consumers, faced with less cash, may stop purchases. In India, the largest gold industry group warned that the country is losing confidence in the metal because of the recent slide. Investors in Europe cashed out of the metal en masse amid concerns that U.S. stimulus may be cut short, and following news that Cyprus may sell a chunk of its gold reserves to fund part of its bailout package.

"The market saw gold going lower and everyone panicked," said Pradeep Unni, head of research at Richcomm Global Services, a Dubai-based commodity broker. "The most important factor for gold now is Indian and China demand."


Gold Investors Exit Amid Price Collapse
http://abcnews.go.com/blogs/business/2013/04/gold-investors-exit-amid-price-collapse/
The biggest story on global financial markets today is the collapse of gold and silver prices. Gold is down more than $90 an ounce since Friday – a fall of about 7 percent. The price drop comes on top of last week’s 4.7 percent tumble. Silver prices tumbled 8 percent, or $24 an ounce. Copper is also falling. The reasons for the plunge are linked to the recent rise in the stock market, the slow, steady improvement of the US economy and the recent strength of the dollar. Crude oil futures have tumbled on global markets, down to less than $89 for West Texas crude, the lowest price since December, 2012. For years gold bugs have predicted economic apocalypse with hyper-inflation and a collapse of stock prices. That simply hasn’t happened, and many investors have given up on gold, shifting funds out of precious metals. Last week Goldman Sachs issued a report, predicting gold prices would tumble. More volatility is expected in the days to come.


'PANIC IS EVERYWHERE'...
News Video: http://www.cnbc.com/id/100640665
Gold prices continued to plummet Monday on concern that Cyprus will have to sell excess reserves of the precious metal to raise about $522 million to help finance that country's $13 billion international bailout, Dennis Gartman, editor of The Gartman Letter, told CNBC. "There are a lot of people throwing up their hands. Throwing positions overboard. Panic is everywhere," Gartman said in a "Squawk Box" interview on Monday. "I've never seen anything like this. I mean it."



Worst two-day loss since 1983...
http://www.reuters.com/article/2013/04/15/us-markets-commodities-idUSBRE93E0LK20130415
(Reuters) - Gold headed for its biggest two-day drop in 30 years on Monday as funds accelerated their exits from the market, and investors also cut exposure to oil, copper and grain after underwhelming Chinese growth data. The precious metal slid further into bear territory, dropping more than $30 in a matter of minutes at one point. Losses widened to more than 6 percent at the lows as prices breached support at $1,400 per ounce after falling 5.3 percent on Friday.

Oil fared scarcely better, dropping by as much as nearly 3 percent. Other precious metals were caught in the downdraft, with silver briefly dropping 10 percent, and industrial metals plummeted, with copper hitting its lowest in over a year. In the grains market, wheat, corn and soybeans fell.

Both oil and gold have been under substantial selling pressure. Bullion has come off worst, shedding around 9.5 percent since last Monday's close, while crude has lost about 3.5 percent.

Gold was already under pressure from a variety of factors, including a proposed sale of Cypriot gold holdings, and more fund-based investors headed for the exits on Monday.

Spot gold hit a two-year low at $1,384.69 an ounce.

"We have seen massive liquidation from all quarters - ETFs, funds, CTAs, specs and even Chinese and Indian physical buyers. This is a market that has only got one thing on its mind ... get me out," said David Govett, head of precious metals at Marex Spectron in London.

Brent crude oil sank below $101 a barrel to a nine-month low and was threatening to break below $100 for the first time since early July. It was down about 15 percent from this year's peak of $119.17 reached in early February.

Prior to the latest Chinese and U.S. data, the International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries had already lowered their global oil demand growth for 2013.

Soft commodities sugar, coffee and cocoa were the only commodities seemingly little affected by the market rout on Monday, with prices particularly for sugar and coffee already at low levels due to large surpluses.


Personal Note: Most folks involved in financial market are well aware that the gold and silver market are controlled. So the real question to ask at this time is why the drop in metals market? This has happened before. What are the precursors and who stands to gain? Perhaps this is just a ploy to flood the market, free it up with gold, scare others to sell off what they have and then rush in and buy it up at the devalued price only to see prices spike later after this particular sell-off panic. When I see this type of stuff going on I just think to myself, wow - this is a great opportunity to buy both gold and silver. I don't worry about the value of what I have decreasing because it will go back up as it always has in the past.

In reality, I'm more curious as to what's next on the game- money player's agenda. I guess I've reached an age that it's difficult for me to get excited over any of this other then to wonder what's going on behnd the scenes.

Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone. Senior advisers to Chancellor Angela Merkel are pushing for better-off households to pay towards the cost of any future bail-outs for the weaker members of the single currency. Senior figures in Germany are now arguing that some richer home owners in countries like Spain, Portugal and Greece have so far avoided paying their fair share to rescue the euro, leaving Germany paying too much. Taxes on property or other assets would mark a significant change in Europe’s approach to funding bail-outs for eurozone members. Until now, the cost of rescue packages for countries like Ireland, Greece and Portugal has fallen largely on people who invest money in either those countries’ bonds or – in the case of Cyprus – bank accounts. “The resourceful rich just move their money to banks in northern Europe and avoid paying,” Prof Bofinger told Der Spiegel, a German magazine. Instead of taxing cash, European Union governments should in future target property and other, less mobile assets, he said.

David Nutt, the former Government drugs tsar sacked after claiming that horse riding was as safe as taking ecstasy, has said that the banking crisis was caused by too many workers taking cocaine. Prof Nutt said that too many bankers who took the drug were “overconfident” and so “took more risks” and said that not only did it lead to the current crisis in this country, but also the 1995 collapse of Barings bank. He said cocaine was perfect for their "culture of excitement and drive and more and more and more", adding: “Bankers use cocaine and got us into this terrible mess. It is a 'more' drug."

Prof Nutt is not a stranger to making controversial claims about drugs. His latest attack is on the Government for “absurd” and “insane” laws dealing with magic mushrooms, ecstasy and cannabis, which he said were hindering medical research because regulations meant one of the ingredients - psilocybin, which is used to treat depression - was so hard to get hold of.

He was sacked as the Government’s most senior drugs advisor in 2009 after publishing a paper saying that there was "not much difference" between the harm caused by riding and ecstasy. Society, he argued, did not always "adequately balance" all of the risks inherent in it.

China's been busy.

China and Iceland seal free trade agreement
http://www.france24.com/en/20130415-china-iceland-seal-free-trade-agreement
15 APRIL 2013 - AFP - Iceland became the first European country to sign a free trade agreement with China on Monday, as Beijing looks to gain a foothold in the strategic Arctic region


Xi calls for enriching Sino-French partnership
http://news.xinhuanet.com/english/china/2013-04/12/c_132304781.htm
http://www.ceibs.edu/bmt/images/20081103/13527.pdf
BEIJING, April 12 (Xinhua) -- President Xi Jinping said Friday that China and France should deepen mutual trust, enhance cooperation and enrich bilateral comprehensive strategic partnership. Xi expressed his belief that the development of China-France relations benefits not only the two nations and the two peoples, but is also conducive to constructing new patterns for developed nations to work with emerging economies and developing nations, boosting China-European Union relations and making progress in the multi-polarization and democratization of the international relations.


China and Australia in currency pact
http://www.bbc.co.uk/news/business-22075345
The Australian dollar has become the third currency, along with the US dollar and the Japanese yen, to trade directly with the Chinese yuan.The move is seen as a significant step in China's push for a more international role for its currency. Beijing is trying to promote the yuan as an alternative to the US dollar's role as a global reserve currency. China is the biggest buyer of Australia's natural resources such as iron ore. But with no mechanism in place to directly convert between the Australian dollar and the Chinese yuan, the two countries have long used the US dollar as a trading currency. Indeed, most commodities and commodity futures are priced using the US currency. There is no international law that dictates that all contracts must be agreed upon in US dollar terms” With the new deal coming into effect, there is likely to be an increase in Australian and Chinese firms agreeing prices in either of their currencies. "There is no international law that dictates that all contracts must be agreed upon in US dollar terms," said Mr Oakley.

"All that the companies have to do is pick up the phone, talk to each other, and decide what currency they want to use."


China and Brazil sign $30bn currency swap agreement
http://www.bbc.co.uk/news/business-21949615
China and Brazil have signed a currency swap deal, designed to safeguard against future global financial crises. Along with being the world's second-largest economy, China is also Brazil's biggest trading partner. "If there were shocks to the global financial market, with credit running short, we'd have credit from our biggest international partner, so there would be no interruption of trade," said Guido Mantega, Brazil's economy minister. The agreement was signed on the sidelines of the fifth Brics (Brazil, Russia, India, China and South Africa) summit being held in Durban, South Africa.


[b]UK and China poised for currency swap deal
http://www.bbc.co.uk/news/business-21552601
The Bank of England is in negotiations with its Chinese counterpart on a deal likely to boost trade between the UK and China in the yuan. The Bank and the People's Bank of China are close to signing a three-year currency swap arrangement, governor Sir Mervyn King said. The UK is looking to become a centre for the Chinese currency, also known as the renminbi. Such agreements allow central banks to swap currencies and can be used by firms to settle trade in local currencies rather than in US dollars, as happens now, since China's currency is not fully convertible to other currencies.


G20 considers wider role for China's yuan
http://www.bbc.co.uk/news/business-12905205
G20 leaders have moved towards agreeing that China's currency should have a wider role in global finance.


Iraqi oil: Once seen as U.S. boon, now it’s mostly China’s
http://www.mcclatchydc.com/2013/03/27/187100/iraqi-oil-once-seen-as-us-boon.html
WASHINGTON — Ten years after the United States invaded and occupied Iraq, the country’s oil industry is poised to boom and make the troubled nation the No.2 oil exporter in the world. But the nation that’s moving to take advantage of Iraq’s riches isn’t the United States. It’s China. The International Energy Agency expects China to become the main customer for Iraq’s vast oil reserves. Fatih Birol, the agency’s chief economist, recently declared “a new trade axis is being formed between Baghdad and Beijing.” Birol said that about 80 percent of Iraq’s future oil exports were expected to go to Asia, mainly to China.


Yuan hits record level against the dollar
http://www.bbc.co.uk/news/business-12816447
China's currency has risen to a record high against the dollar, in a sign that Beijing intends to use the currency to fight inflation. The currency has now risen about 4.1% since June 2010 and 0.2% so far this week.

Introduction: After a lengthy, self-imposed informational black-out, my high-level DHS contact known as “Rosebud” emerged with new, non-public information about plans being discussed and prepared for implementation by the Department of Homeland Security (DHS) in the near future. It is important to note that this black-out was directly related to the aggressive federal initiative of identifying and prosecuting “leakers,” at least those leaks and leakers not sanctioned by the executive office—the latter of which there are many.

DH: I’ve received a lot of e-mail from people wondering where you went and why you’ve been so quiet.

RB: As I told you earlier, things are very dicey. Weird things began to happen before the election and have continued since. Odd things, a clampdown of sorts. I started looking and I found [REDACTED AT THE REQUEST OF THIS SOURCE], and that shook me up. I’m not the only one, though, that found a [REDACTED], so this means there’s surveillance of people within DHS by DHS. So, that explains this cloak and dagger stuff for this meeting.

DH: What’s going on now?

RB: People better pay close attention over the next few months. First, there won’t be any meaningful deal about the fiscal crisis. This is planned, I mean, the lack of deal is planned. In fact, it’s necessary to pave the way for what is in the short term agenda.

DH: Wait, you’re DHS—not some Wall Street insider.

RB: So you think they are separate agendas? That’s funny. The coming collapse of the U.S. dollar is a done deal. It’s been in the works for years—decades, and this is one of the most important cataclysmic events that DHS is preparing for. I almost think that DHS was created for that purpose alone, to fight Americans, not protect them, right here in America. But that’s not the only reason. There’s the gun issue too.

DH: So, what are you seeing at DHS?

RB: We don’t have a lot of time, tonight—our meeting—as well as a country. I mean I have heard—with my own ears—plans being made that originate from the White House that involve the hierarchy of DHS. You gotta know how DHS works at the highest of levels. It’s Jarrett and Napolitano, with Jarrett organizing all of the plans and approaches. She’s the one in charge, at least from my point of view, from what I am seeing. Obama knows that’s going on and has say, but it seems that Jarrett has the final say, not the other way around. It’s [screwed] up. This really went into high gear since the election.

But it’s a train wreck at mid management, but is more effective at the lower levels. A lot of police departments are being gifted with federal funds with strings attached. That money is flowing out to municipal police departments faster than it can be counted. They are using his money to buy tanks, well, not real tanks, but you know what I mean. DHS is turning the police into soldiers.

By the way, there has been a lot of communication recently between Napolitano and Pistole [TSA head]. They are planning to use TSA agents in tandem with local police for certain operations that are being planned right now. This is so [deleted] important that you cannot even begin to imagine. If you get nothing else out of this, please, please make sure you tell people to watch the TSA and their increasing involvement against the American public. They are the stooges who will be the ones to carry out certain plans when the dollar collapses and the gun confiscation begins.

DH: Whoa, wait a minute. You just said a mouthful. What’s the agenda here?

RB: Your intelligence insider—he knows that we are facing a planned economic collapse. You wrote about this in your articles about Benghazi, or at least that’s what I got out of the later articles. So why the surprise?

DH: There’s a lot here. Let’s take it step by step if you don’t mind.

RB: Okay, but I’m not going to give it to you in baby steps. Big boy steps. This is what I am hearing. Life for the average American is going to change significantly, and not the change people expect. First, DHS is preparing to work with police departments and the TSA to respond to civil uprisings that will happen when there is a financial panic. And there will be one, maybe as early as this spring, when the dollar won’t get you a gumball. I’m not sure what the catalyst will be, but I’ve heard rumblings about a derivatives crisis as well as an oil embargo. I don’t know, that’s not my department. But something is going to happen to collapse the dollar, which has been in the works since the 1990s. Now if it does not happen as soon as this, it’s because there are people, real patriots, who are working to prevent this, so it’s a fluid dynamic. But that doesn’t change the preparations.

And the preparations are these: DHS is prepositioning assets in strategic areas near urban centers all across the country. Storage depots. Armories. And even detainment facilities, known as FEMA camps. FEMA does not even know that the facilities are earmarked for detainment by executive orders, at least not in the traditional sense they were intended. By the way, people drive by some of these armories every day without even giving them a second look. Commercial and business real estate across the country are being bought up or leased for storage purposes. Very low profile.

Anyway, I am hearing that the plan from on high is to let the chaos play out for a while, making ordinary citizens beg for troops to be deployed to restore order. but it’s all organized to make them appear as good guys. That’s when the real head knocking will take place. We’re talking travel restrictions, which should not be a problem because gas will be rationed or unavailable. The TSA will be in charge of travel, or at least be a big part of it. They will be commissioned, upgraded from their current status.

They, I mean Jarrett and Obama as well as a few others in government, are working to create a perfect storm too. This is being timed to coincide with new gun laws.

DH: New federal gun laws?

RB: Yes. Count on the criminalization to possess just about every gun you can think of. Not only restrictions, but actual criminalization of possessing a banned firearm. I heard this directly from the highest of my sources. Plans were made in the ‘90s but were withheld. Now, it’s a new day, a new time, and they are riding the wave of emotion from Sandy Hook, which, by the way as tragic as it was, well, it stinks to high heaven. I mean there are many things wrong there, and first reports are fast disappearing. The narrative is being changed. Look, there is something wrong with Sandy Hook, but if you write it, you’ll be called a kook or worse.

DH: Sure

RB: But Sandy Hook, there’s something very wrong there. But I am hearing that won’t be the final straw. There will be another if they think it’s necessary.

DH: Another shooting?

RB: Yes.

DH: That would mean they are at least complicit.

RB: Well, that’s one way of looking at it.

DH: Are they? Were they?

RB: Do your own research. Nothing I say, short of bringing you photographs and documents will convince anyone, and even then, it’s like [DELETED] in the wind.

DH: So…

RB: So what I’m telling you is that DHS, the TSA and certain, but not all, law enforcement agencies are going to be elbow deep in riot control in response to an economic incident. At the same time or close to it, gun confiscation will start. It will start on a voluntary basis using federal registration forms, then an amnesty, then the kicking-in of doors start.

Before or at the same time, you know all the talk of lists, you know, the red and blue lists that everyone made fun of? Well they exist, although I don’t know about their colors. But there are lists of political dissidents maintained by DHS. Names are coordinated with the executive branch, but you know what? They did not start with Obama. They’ve been around in one form or another for years. The difference though is that today, they are much more organized. And I’ll tell you that the vocal opponents of the politics of the global elite, the bankers, and the opponents of anything standing in their way, well, they are on the top of the list of people to be handled.

DH: Handled?

RB: As the situations worsen, some might be given a chance to stop their vocal opposition. Some will, others won’t. I suppose they are on different lists. Others won’t have that chance. By that time, though, it will be chaos and people will be in full defensive mode. They will be hungry, real hunger like we’ve never experienced before. They will use our hunger as leverage. They will use medical care as leverage.

DH: Will this happen all at once?

RB: They hope to make it happen at the same time. Big cities first, with sections being set apart from the rest of the country. Then the rural areas. There are two different plans for geographical considerations. But it will all come together.

DH: Wait, this sounds way, way over the top. Are you telling me… [Interrupts]

RB: [Over talk/Unintelligible] ...know who was selected or elected twice now. You know who his associates are. And you are saying this is way over the top? Don’t forget what Ayers said - you talked to Larry Grathwohl. This guy is a revolutionary. He does not want to transform our country in the traditional sense. He will destroy it. And he’s not working alone. He’s not working for himself, either. He has his handlers. So don’t think this is going to be a walk in the park, with some type of attempt to rescue the country. Cloward-Piven. Alinsky. Marx. All rolled into one. And he won’t need the rest of his four years to do it.

DH: I need you to be clear. Let’s go back again, I mean, to those who speak out about what’s happening.

RB: [Edit note: Obviously irritated] How much clearer do you want it? The Second Amendment will be gone, along with the first, at least practically or operationally. The Constitution will be gone, suspended, at least in an operational sense. Maybe they won’t actually say that they are suspending it, but will do it. Like saying the sky is purple when it’s actually blue. How many people will look at the sky and say yeah, it’s purple? They see what they want to see.

So the DHS, working with other law enforcement organizations, especially the TSA as it stands right now, will oversee the confiscation of assault weapons, which includes all semi-automatic weapons following a period of so-called amnesty. It also includes shotguns that hold multiple rounds, or have pistol grips. They will go after the high capacity magazines, anything over, say 5 rounds.

They will also go after the ammunition, especially at the manufacturer’s level. They will require a special license for certain weapons, and make it impossible to own anything. More draconian than England. This is a global thing too. Want to hunt? What gives you the right to hunt their animals? Sound strange? I hope so, but they believe they own the animals. Do you understand now, how sick and twisted this is? Their mentality?

The obvious intent is to disarm American citizens. They will say that we’ll still be able to defend ourselves and go hunting, but even that will be severely regulated. This is the part that they are still working out, though. While the plans were made years ago, there is some argument over the exact details. I know that Napalitano, even with her support of the agenda, would like to see this take place outside of an E.O. [Executive Order] in favor of legislative action and even with UN involvement.

DH: But UN involvement would still require legislative approval.

RB: Yes, but you’re still thinking normal - in normal terms. Stop thinking about a normal situation. The country is divided, which is exactly where Obama wants us to be. We are as ideologically divided as we were during the Civil War and that rift is growing every day. Add in a crisis - and economic crisis - where ATM and EBT cards will stop working. Where bank accounts will contain nothing but air. They are anticipating a revolution and a civil war rolled into one (emphasis added by this author).

Imagine when talk show hosts or Bloggers or some other malcontent gets on the air or starts writing about the injustice of it all, and about how Obama is the anti-Christ or something. They will outlaw such talk or writing as inciting the situation - they will make it illegal by saying that it is causing people to die. The Republicans will go along with everything as it’s - we have - a one party system. Two parties is an illusion. It’s all so surreal to talk about but you see where this is headed, right?

DH: Well, what about the lists?

RB: Back to that again, okay. Why do you think the NSA has surveillance of all communications? To identify and stop terrorism? Okay, to be fair, that is part of it, but not the main reason. The federal agencies have identified people who present a danger to them and their agendas. I don’t know if they are color coded like you mentioned, red, blue, purple or peach mango or whatever, but they exist. In fact, each agency has their own. You know, why is it so [deleted] hard for people to get their heads around the existence of lists with names of people who pose a threat to their plans? The media made a big deal about Nixon’s enemies list and everyone nodded and said yeah, that [deleted], but today? They’ve been around for years and years.

DH: I think it’s because of the nature of the lists today. What do they plan to do with their enemies? Will there be resistance within the ranks of law enforcement? You know, will some say they won’t go along with the plan, like the Oath Keepers?

RB: Absolutely. But they will not only be outnumbered, but outgunned - literally. The whole objective is to bring in outside forces to deal with the civil unrest that will happen in America. And where does their allegiance lie? Certainly not to Sheriff Bob. Or you or me.

During all of this, and you’ve got to remember that the dollar collapse is a big part of this, our country is going to have to be redone. I’ve seen - personally - a map of North America without borders. Done this year. The number 2015 was written across the top, and I believe that was meant as a year. Along with this map - in the same area where this was - was another map showing the United States cut up into sectors. I’m not talking about what people have seen on the internet, but something entirely different. Zones. And a big star on the city of Denver.

Sound like conspiracy stuff on the Internet? Yup. But maybe they were right. It sure looks that way. It will read that way if you decide to write about this. Good luck with that. Anyway, the country seemed to be split into sectors, but not the kind shown on the internet. Different.

DH: What is the context of that?

RB: Across the bottom of this was written economic sectors. It looked like a work in progress, so I can’t tell you any more than that. From the context I think it has to do with the collapse of the dollar.

DH: Why would DHS have this? I mean, it seems almost contrived, doesn’t it?

RB: Not really, when you consider the bigger picture. But wait before we go off into that part. I need to tell you about Obamacare, you know, the new health care coming up. It plays a big part - a huge [deleted] part in the immediate reshaping of things.

DH: How so?

RB: It creates a mechanism of centralized control over people. That’s the intent of this monster of a bill, not affordable health care. And it will be used to identify gun owners. Think your health records are private? Have you been to the doctor lately? Asked about owning a gun? Why do you think they ask, do you think they care about your safety? Say yes to owning a gun and your information is shared with another agency, and ultimately, you will be identified as a security risk. The records will be matched with other agencies.

You think that they are simply relying on gun registration forms? This is part of data collection that people don’t get. Oh, and don’t even think about getting a script for some mood enhancement drug and being able to own a gun.

read more at this link: http://www.canadafreepress.com/index.php/article/52005

Douglas Hagmann, founder & director of the Northeast Intelligence Network, and a multi-state licensed private investigative agency. Doug began using his investigative skills and training to fight terrorism and increase public awareness through his website.

Doug can be reached at: director@homelandsecurityus.com

April 17, 2013 - History is being written in the East. As the U.S. stays distracted with stone age warriors in Central Asia and the Middle East, the last platform of the American economic foundation, the U.S. Dollar's currency reserve status, is being underminded by their trade partners in Asia. Both Australia and Japan are set to start direct-trading in Chinese currency and they are not the only ones. There are almost 20 countries whom have currency swaps in place with China all in order to side-step the U.S. Dollar in global trade. At the China Money Report, we have written extensively on the "Rise of the Renminbi". What is new and largely unreported and what we will cover in this article is the "Rise of the Petroyuan," as China is now converting its oil imports into Chinese Yuan as opposed to U.S. Dollars. This will be a new challenge and possibly the fatal blow to the U.S. Dollar as the dominant global reserve currency.

With their industrial base all but gone, the housing market bubble popped, and the Federal Resereve funding the majority of the government debt with printed currency, the American economy can ill-afford a new challenge to its currency's reserve status. It is this very reserve status which has led to America being able to consume more than it produces for decades upon decades as foriegn countries were willing to trade consumer products for paper IOU's. The Dollar's reserve status came about naturally after WW2 as the U.S. was the world's larget trading nation, exporter, and creditor. Today, China occuppies all of these slots.

China will soon occupy a new slot: That of the world's largest oil importer. OPEC has confirmed on April 4th of this year that they expect China to surpass the United States as the world's largest oil importer in 2014. This shift in global oil flows is being driven by the twin pillars of a booming Chinese economy and America’s newfound booming domestic oil and gas supply. This shift in the oil trade carries with it massive geopolitical implications that will reshape the world as we know it.

“In effect, the G20 leaders have activated the IMF’s power to create money and begin global ‘quantitative easing’. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”

“[T]he answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS). . . . The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”1

And if the vision of a global currency outside government control does not set off conspiracy theorists, putting the BIS in charge of it surely will. The BIS has been scandal-ridden ever since it was branded with pro-Nazi leanings in the 1930s. Founded in Basel, Switzerland, in 1930, the BIS has been called “the most exclusive, secretive, and powerful supranational club in the world.” Charles Higham wrote in his book Trading with the Enemy that by the late 1930s, the BIS had assumed an openly pro-Nazi bias, a theme that was expanded on in a BBC Timewatch film titled “Banking with Hitler” broadcast in 1998.2 In 1944, the American government backed a resolution at the Bretton-Woods Conference calling for the liquidation of the BIS, following Czech accusations that it was laundering gold stolen by the Nazis from occupied Europe; but the central bankers succeeded in quietly snuffing out the American resolution.3

The Last Domino to Fall

While banks in developing nations were being penalized for falling short of the BIS capital requirements, large international banks managed to escape the rules, although they actually carried enormous risk because of their derivative exposure. The mega-banks succeeded in avoiding the Basel rules by separating the “risk” of default out from the loans and selling it off to investors, using a form of derivative known as “credit default swaps.”

However, it was not in the game plan that U.S. banks should escape the BIS net. When they managed to sidestep the first Basel Accord, a second set of rules was imposed known as Basel II. The new rules were established in 2004, but they were not levied on U.S. banks until November 2007, the month after the Dow passed 14,000 to reach its all-time high. It has been all downhill from there. Basel II had the same effect on U.S. banks that Basel I had on Japanese banks: they have been struggling ever since to survive.8

Basel II requires banks to adjust the value of their marketable securities to the “market price” of the security, a rule called “mark to market.”9 The rule has theoretical merit, but the problem is timing: it was imposed ex post facto, after the banks already had the hard-to-market assets on their books. Lenders that had been considered sufficiently well capitalized to make new loans suddenly found they were insolvent. At least, they would have been insolvent if they had tried to sell their assets, an assumption required by the new rule. Financial analyst John Berlau complained:

“The crisis is often called a ‘market failure,’ and the term ‘mark-to-market’ seems to reinforce that. But the mark-to-market rules are profoundly anti-market and hinder the free-market function of price discovery. . . . In this case, the accounting rules fail to allow the market players to hold on to an asset if they don’t like what the market is currently fetching, an important market action that affects price discovery in areas from agriculture to antiques.”10

Imposing the mark-to-market rule on U.S. banks caused an instant credit freeze, which proceeded to take down the economies not only of the U.S. but of countries worldwide. In early April 2009, the mark-to-market rule was finally softened by the U.S. Financial Accounting Standards Board (FASB); but critics said the modification did not go far enough, and it was done in response to pressure from politicians and bankers, not out of any fundamental change of heart or policies by the BIS.

And that is where the conspiracy theorists come in. Why did the BIS not retract or at least modify Basel II after seeing the devastation it had caused? Why did it sit idly by as the global economy came crashing down? Was the goal to create so much economic havoc that the world would rush with relief into the waiting arms of the BIS with its privately-created global currency? The plot thickens . . . .

Ellen Brown developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back.