Presidential Palace (Dushanbe, Tajikistan) / Photo by Francescodeeccher / Wiki Commons *
With a population of 779,000, Dushanbe, Tajikistan, is currently hosting the 13th annual summit of heads of state of the Shanghai Cooperation Organisation (SCO).
¨Current members of the organization are China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan while India, Iran, Pakistan and Mongolia are due to become a full member at the summit by upgrading their “observer member” status.¨ (1)
…a small group of financiers runs the rest of humanity,
a group known as ‘vulture funds,’
obtained debt instruments at absurdly low prices… (1)
¨the Argentine Senate passed by a vote of 39-27
the proposed bill for a new debt swap, that will take place
outside of U.S. jurisdiction.¨ (2)
Manufacturing Workforce (2002-2012) – animated Gif Image by CNLib
¨and some economists suggest that China’s manufacturing workforce may be 20 million workers larger than the official total.¨ (1)
Jim Willie: ¨(…) in 1999 the Clinton Admin granted Most Favored Nation status to China that took many observers off guard. With it came the immediate promise of significant direct foreign investment. On the one side, the low cost solution was pitched to the American public. It seemed like a much bigger systemically large NAFTA destructive grenade. Nobody discussed the down side, not of the certain risk. The USEconomy would most assuredly lose legitimate wealth engines, and become hopelessly dependent upon both asset bubbles and debt to a much greater extent.¨ (2)
Doug Casey (1):
- they’re telling us we’ve been in a recovery for five year
- people’s standard of living is going down
- real incomes are falling
- job opportunities are disappearing
- 50% of Americans are reliant upon the government for their income
¨More and more, Americans are tired, frustrated, anxious, and worried about the state of their country. They are afraid of an increasingly violent and oppressive federal government, and they are worried about the economic insecurity which still grips the nation.¨ – John W. Whitehead (2)
Financial Derivatives are:
A ¨phony platform on which insolvent financial structures lie¨
A ¨floating fabricated foundation laden with vaporous illicit toxic fabric¨
¨Its floor is mentioned more than seen. It is fake, an illusion.¨
¨Perhaps the ugliest derivative story
is the IRS Tax secure stream contract
very likely used by China as collateral…¨
BRICS and BRIIICS – Brazil, Russia, India, Indonesia, Iran, China & South Africa
¨We might be seeing the birth of the BRICS Gold Central Bank…¨ – Jim Willie
Picture of the week
Jim Willie CB (1): ”(…) astonishing rapid deterioration. Consumers and business are holding firm their money rather than investing it, as they see poor prospects. Continue reading
Real Economy : Shadow economy under the table / source: batr.org
”People are running out of patience when it comes to finding a job and losing income,
so it’s not that surprising to have workers take jobs that are in the shadow economy.”
- Real economy must be based upon voluntary transactions.
- The taxman would have you believe that voluntary transactions in cash constitute a black market.
- The black market is considered a subset of the informal economy, of which 1.8 billion people worldwide are employed.
- Statutory courts have ruled that a government can virtually tax any transaction.
- The creation of statutory obligations would be violating the Natural Law and the natural rights of individuals.
- Governments designed the imposed partnership split (reported as GDP).
- The Question is: Where is the enforceable contract?
10 Milliarden Mark – 12 August 1923 / wikimedia
“(…) the result of a deliberate political decision
to increase the quantity of money
de facto without any limit.”
“Unbacked paper money is political money
and as such it is a disruptive element
in a system of free markets.”
Ben Bernanke leaving the 2008 Bilderberg Conference / wikimedia
Jim Willie, Ph.D. : “The Bernanke Fed is realizing they are stuck in the monetary corner with NO EXIT. They began to mention the need for an exit in the spring months of 2009. That is when the 0% official rate should have been abandoned. Here we are four years later, and they are still stuck with no exit, precisely as the Jackass warned, forecasted, and screamed in print.”
Jim Willie: “The pathogenesis is obvious to those in the Sound Money camp. (…) The cadaver in Intensive Care cannot be revived with more intravenous applications of contaminated money, the body dead since September 2008. Insolvent systems rush to the crash zone, where efforts can only delay the outcome.” (1)
“The Eastern solution avoids the USDollar and the entire FOREX system. It will be built upon gold trade settlement, will issue Gold Trade Notes to function like Letters of Credit, will operate as peer to peer instead of passing through the monolith banks, and will be conducted on portable devices like Smartphones and Blackberrys.” (2)
Reginald H. Howe: “A well-functioning international monetary system is as critical to a healthy global economy as a well-functioning circulatory system is to the human body. Backwardation in gold can be compared to very high blood pressure: a sign that something is dangerously amiss and that absent prompt remedial action, a serious and quite possibly catastrophic event is imminent.”
“By relinking the international monetary system to gold in a flexible, practical and effective manner, Chinese GPS ( Gold Positioning System ) could spearhead a return of sanity and soundness to world finance and lay a new foundation for global growth and prosperity.” (3)