For several months during 2016 I was researching the SDR, Federal Reserve
Note/U.S. dollar, global currencies and the people behind the scenes pulling
the strings. The pulling of the strings was being conducted by oligarchs, like the Group of 30, the IMF, BIS and other unelected
globalist operating in broad daylight or the shadows. During this time it
became clear the task the citizens face is one of epic proportions. These
unelected bureaucrats, that write policy to determine our fate answer to no one
except the people at the very top of the economic/financial food chain. The
people we rarely hear about and know very little of their lives. These are
the most dangerous of all and the people benefiting the most from our labor
and resources.
How did we reach this point? Why do these criminals get away with such
heinous crimes?
The people, like Dr. Coats and Mr. Robert Pringle, both were
members/chiefs at the IMF, while they have been on the teams creating policy,
the policies they put forth were met with resistance – who is this resistance
and why are they resisting? Knowing these people and understanding aspects of
their motivations is what I am referencing. Why would someone put up a wall
to block logic? Why would anyone want to institute a form of slavery, on a
global scale, that is impossible to get away from and actually make it
illegal to get away from it? If I print currency to be used instead of
Federal Reserve Notes I would be jailed for counterfeiting. Federal Reserve
Notes, according to the Constitution, have been and will continue to be,
counterfeiting as long as they exist, period. Anyone that says otherwise is
protecting an agenda or has no knowledge of the Constitution. Federal Reserve
Notes are an instrument of debt, they were born of debt and if the debt is
ever repaid the Federal Reserve Note would go “poof” in the night. It is
physically impossible to repay the debt that is the Federal Reserve Note.
What is the difference between a Federal Reserve Note, a Euro, Canadian
dollar, Australian dollar, Real, Yen or any other central bank OWNED
fiat currency? Nothing. The only difference is location and color of dye used
to stain the paper.
Do you have “full faith and credit” in the government – any government?
Think about it. This is the back-stop for all the fiat currencies being used
around the world. Promises (lies) made by politicians who’s only concern is
staying in a position of power in order to extract more of our wealth for
themselves and their corporate friends. Full faith and credit!
If we review the words of Alan Greenspan’s testimony before Congress in
1998 we find the smoking gun in the hands of the head of the Federal Reserve.
Mr. Greenspan’s testimony overrides anything and everything people have to
say about gold, gold manipulation and the corrupt system that enslaves us
all. Federal Reserve policies and mandates are for the sole purpose of
protecting the Federal Reserve and it’s member banks.
Potential Application of the CEA to OTC Derivatives
The vast majority of privately negotiated OTC contracts are settled in
cash rather than through delivery. Cash settlement typically is based on a
rate or price in a highly liquid market with a very large or virtually
unlimited deliverable supply, for example, LIBOR or the spot dollar-yen
exchange rate. To be sure, there are a limited number of OTC derivative
contracts that apply to nonfinancial underlying assets. There is a
significant business in oil-based derivatives, for example. But unlike farm
crops, especially near the end of a crop season, private counterparties in
oil contracts have virtually no ability to restrict the worldwide supply of
this commodity. (Even OPEC has been less than successful over the years.) Nor
can private counterparties restrict supplies of gold, another commodity whose
derivatives are often traded over-the-counter, where central
banks stand ready to lease gold in increasing quantities should the price
rise.
To be sure, a few, albeit growing, types of OTC contracts such as equity
swaps and some credit derivatives have a limited deliverable supply. However,
unlike crop futures, where failure to deliver has additional significant
penalties, costs of failure to deliver in OTC derivatives are almost always
limited to actual damages. There is no reason to believe either equity swaps
or credit derivatives can influence the price of the underlying assets any
more than conventional securities trading does. Thus, manipulators attempting
to corner a market, even if successful, would have great difficulty in
inducing sellers in privately negotiated transactions to pay significantly
higher prices to offset their contracts or to purchase the underlying assets.
Finally, the prices established in privately negotiated transactions are
not widely disseminated or used directly or indiscriminately as the basis for
pricing other transactions. Counterparties in the OTC markets can easily
recognize the risks to which they would be exposed by failing to make their
own independent valuations of their transactions, whose economic and credit
terms may differ in significant respects. Moreover, they usually have access
to other, often more reliable or more relevant sources of information. Hence,
any price distortions in particular transactions could not affect other
buyers or sellers of the underlying asset. Source
No one, not even the money masters, can predict the future and no one
can predict the market. The money printers can create currency to whitewash a
situation like Deutsche Bank (DB), however, they can not
whitewash the derivatives market that is the underpinning of these too big to
jail banks. $46 trillion in notional derivatives at DB alone, another $70+ trillion at JPMorgan and that’s just two of the
crime syndicates operating in the very opaque OTC market. The derivatives
market is the problem. Once something gets moving through this market it will
be almost impossible to stop. The daisy-chain of interconnectedness is on
such a scale that a handful of derivatives could set the banking system
ablaze. When you are talking about $1.2 QUADRILLION of “financial instruments”
getting out of balance or going belly up the whole world has a problem. This
is what DB represents and the financial world knows it.
Why would Ray Dalio say, in October 2016, the ECB and BoJ have anywhere
from 8 months to 5.5 years remaining before they go belly up?
The only way to get the outside number is by monetizing everything
including 20% of the entire stock market. Is that realistic – is this what’s
happening to the S&P500 and why it continually post new record highs? Is
Mr. Dalio just another boob to be ignored? 5.5 years is not that long. Mr.
Dalio is not predicting the future he is merely reviewing the trajectory the
money printers are traveling.
As the 2008 economic – debt – implosion continues to unfold we need to
keep in mind the people that engineered this nightmare and then foisted it
upon each of us. The Federal Reserve being at the heart of the situation
working in concert with their henchmen the “too big to jail” banking cabal
and the people operating these crime machines. It is not enough there was
approximately $16 – $23 trillion stolen from the American people, the crime
spree has continued to this day with no sign of letting up.
As China, Russia and the other BRICS, SCO and EEU member nations continue moving their
economic engine forward the western world – primarily the U.S. and Europe –
continues drowning in the cesspool of debt created by these monsters. As the
eastern world becomes stronger will these nations simply walk away from the
western nations and the unsustainable debt load? The eastern nations,
especially along the One Belt One Road (New Silk Road) will no longer be
dependent upon the western nations to ship goods and services as these
nations will need the manufacturing and services for their own internal
needs. Where will the western world acquire the latest and greatest
developments? Who will manufacture the crayons, toilet paper and all the
other everyday items that have been off-shored and in the very near future
will be produced in fully automated factories? If these manufacturing jobs
return to the western world odds are the factories will be designed with
robots, AI and other technologies to produce the goods and humans will need
not apply.
Stephen Roach, Project Syndicate, describes this way:
Second, has the developing world finally broken
free of its long-standing dependence on the developed world?
I have long argued that claims of such a “decoupling” were spurious,
given the persistence of export-led growth in poorer countries, which tethers
their economies to external demand in richer countries. But the facts now
speak otherwise. Growth in global trade slowed to a 3% average pace over the
2008-2016 post-crisis period – half the 6% norm from 1980 to 2016. Yet,
over the same period, GDP growth in the developing economies barely skipped a
beat. This attests to a developing world that is now far
less dependent on the global trade cycle and more reliant on internal demand.
So, where do we go from here and how will we get there? Debt, busted
infrastructure and lazy arrogant people doesn’t make for a great place to
build a new factory nor does it make a nation state, like China, wish to
invest. China may be pumping investment dollars into the western world, but
make no mistake about it, the goal is too extract all the wealth possible
from the host and return it to a more stable economic environment at home.
The “developed”/Western world will soon become the “emerging market” while
the current “emerging market” continues to conduct business as the West
conducts war.
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700
articles and produced more than 200 videos about the precious metals
market, economic and monetary policies as well as geopolitical events since
1987. His articles have been published by Zerohedge, SHTFPlan, Sprott
Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory
has contributed daily to SGTReport since 2012. He has interviewed experts
such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente
and Peter Schiff, to name but a few. Visit The Daily Coin website
and The Daily Coin YouTube channels to enjoy original and
some of the best economic, precious metals, geopolitical and preparedness
news from around the world.
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