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Russia And China Declare All Out War On US Petrodollar - Prepare For Exclusive Trade In Gold

Posted by Conspiracy Cafe on July 17, 2017 at 4:15 PM



JULY 16, 2017


By Jay Syrmopoulos


The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiar...

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VISA takes its War on Cash to US Retailers

Posted by Conspiracy Cafe on July 15, 2017 at 12:45 PM

Abandon all hope ye who enter here.


Dante


by Wolf Richter Jul 12, 2017


Forget “legal tender.”


“We’re focused on putting cash out of business,” Visa’s new CEO Al Kelly said on June 22 at Visa Investor Day. Pushing consumers into digital and electronic payments is the company’s “numbe...

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Cryptocurrencies Collapsed

Posted by Conspiracy Cafe on July 15, 2017 at 12:10 PM


by Wolf Richter Jul 11, 2017


Ethereum down 52%, Ripple down 57%, EON down 70% in eight days.


A “collapse” isn’t when something edges down 1% in value or even 10% or 20%; it’s when something plunges 50% in a short time.


Ethereum has collapsed...

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THE GREAT UNWINDING

Posted by Conspiracy Cafe on July 15, 2017 at 9:45 AM


And so it was big news that a G-7 central bank would suddenly flip the ... are starting the complex process of unwinding a series of emergency measures ... Analysis: As interest rates rise, beware the Great Doldrums ahead An ...


Toronto's Globe and Mail has featured a headline called The Great Unwinding. The Bank of International Settlements has advised...

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Is This The Generation That Is Going To Financially Destroy America?

Posted by Conspiracy Cafe on July 15, 2017 at 9:45 AM



By Michael Snyder, on July 12th, 2017


Did you know that the federal government is going to spend more than 4 trillion dollars this year? To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between 18 and 19 trillion dollars. So when you are talking about 4 trillion dollars you are talking ab...

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Stock Market Tsunami Siren Goes Off

Posted by Conspiracy Cafe on July 11, 2017 at 11:30 AM


by Wolf Richter Jul 10, 2017


It will be ignored until it’s too late.


Everyone who’s watching the stock market has their own reasons for their endless optimism, their doom-and-gloom visions, their bouts of anxiety that come with trying to sit on the fence until the very last moment, or their blasé attitude that nothing ...

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Autopsy of Banco Popular Shows Fragility of EU Banking System

Posted by Conspiracy Cafe on July 2, 2017 at 1:00 PM



by Don Quijones Jun 29, 2017


What would a disorderly bank collapse in Spain and Italy have done?


New information has revealed just how serious a threat a disorderly collapse of Spain’s sixth largest bank, Banco Popular, might have posed to Spain’s banking system. In its final days, Popular was bleeding deposits at ...

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The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way

Posted by Conspiracy Cafe on June 30, 2017 at 5:05 PM


By Michael Snyder, on June 29th, 2017


The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers. Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation. As the eli...

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Janet Yellen Says A New Financial Crisis Probably Won't Happen 'In Our Lifetimes' But The BIS Says One Could Soon Hit 'With A Vengeance'

Posted by Conspiracy Cafe on June 30, 2017 at 5:00 PM



By Michael Snyder, on June 28th, 2017


Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come. In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”. But there are other central bankers that see things...

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The Worst Financial Nightmare In Illinois History Erupts As State Comptroller Declares 'We Are In Massive Crisis Mode'

Posted by Conspiracy Cafe on June 21, 2017 at 1:30 PM

 

By Michael Snyder, on June 18th, 2017


Margaret Thatcher once said that the big problem with socialist governments is that “they always run out of other people’s money”, and unfortunately we are witnessing this play out in a major way in the state of Illinois right now. At this point, the Illinois state government has mor...

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