SCO Summit in Dushanbe: India, Iran, Pakistan and Mongolia NOW joining China & Russia

Presidential Palace (Dushanbe, Tajikistan) / Photo by Francescodeeccher / Wiki Commons *

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)

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Vultures loss of control over Argentina drives them Wild!

Original image by Marc Aert - modified by CNLib / freedigitalphotos.net *

Original image by Marc Aert – modified by CNLib / freedigitalphotos.net *

…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)

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China’s manufacturing labor force is now 7 times larger than that of the U.S.

Manufacturing Workforce (2002-2012) - Image by CNLib

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)

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Financial Meltdown: History repeating itself – from Yugoslavia, to Argentina, Zimbabwe, and America?

Image by cooldesign / freedigitalphotos.net *

Image by cooldesign / freedigitalphotos.net *

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)

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Everything you’ve ever wanted to know about Financial Derivatives but never dared ask

No Floor, image by Mark Pitcher / wiki commons *

No Floor, image by Mark Pitcher / wiki commons *

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…¨
Jim Willie

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Menger: Free economy and privately-directed capital v. government-created capital

Carl Menger ((1840-1921) by Mises.org / Wiki Commons

Carl Menger ((1840-1921) by Mises.org / Wiki Commons

(…) the government tends not to fund academics or economic schools of thought that do not promote its central role in the economy (…) the human person is a cog in an economic machine that must be coerced to act in ways that make their systems work.Christopher Westley (1)

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Money Velocity is falling rapidly in US and Canadian Economies

Picture of the week

Money Supply Velocity (M2) / source: (modified by Jim Willie)

Money Supply Velocity (M2) / source: www.stlouisfed.org (modified by Jim Willie CB)

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

Practiced throughout the world: Shadow Commerce is the Real Economy

Real Economy : Shadow economy  under the table

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.[1]
  • 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?

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People – and government’s Legal Plunder

Government's legalized plundering / Image source: GoldCore

Government’s legalized plundering / Image source: GoldCore

“As long as it is admitted that the law may be diverted from its true purpose — that it may violate property instead of protecting it — then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder.” - Frédéric Bastiat

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Hyperinflation : Germany 1923 – USA 2013

10 Milliarden Mark - 12 August 1923 / wikimedia

10 Milliarden Mark – 12 August 1923 / wikimedia

Thorsten Polleit:

“(…) 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.”

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Bernanke Fed: No taper, No Exit – Stuck in the Matrix

Ben Bernanke leaving the 2008 Bilderberg Conference / wikimedia

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.”

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Individual Self-determination: Real alternative to corrupted States and taxation?

Image by Salvatore Vuono / Freedigitalphotos.net

Image by Salvatore Vuono * / Freedigitalphotos.net

“A government can be understood as a territorial monopolist of compulsion: an agency that engages in institutionalized property rights violations and the exploitation – in the form of expropriation, taxation, and regulation – of private property owners.” Thorsten Polleit (1)

“The state cannot even exist without committing the crimes of extortion and robbery which states call taxation.” Robert Higgs (2)

“They get you to act through a title that they can regulate, that is statutory bound and that must pay taxes to its creator – and they are the beneficiary of that.” Dean Clifford (3)

The US flourished for over 120 years without an income tax, and our liberty and prosperity will only benefit from getting rid of the current tax system.  Ron Paul (4) - emphasis added

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Eastern Remedies for the terminally ill Western financial system

Image  by sumetho / freedigitalphotos.net *

Image by sumetho / freedigitalphotos.net *

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)

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Former head of the IMF – Dominique Strauss-Kahn: A victim of foreign intelligence agencies?

Dominique Strauss-Kahn (2009) / wikimedia *

Dominique Strauss-Kahn (2009) / wikimedia *

On April 3rd, 2011 Strauss-Kahn stated that “Washington consensus” favorable for the U.S. economic system has collapsed. The head of the IMF called on the world to abandon the U.S. dollar as the global reserve currency. Of course, such statements could not please the American establishment. A month later, the American police accused Strauss-Kahn of rape and detained him. Sex scandals are a favorite weapon of the Americans in the political struggle.” – Sergei Vasilenkov  (emphasis added) Continue reading