De-Dollarisation.

[dcguyusa]

Why did Iraq invade Iran and Kuwait?  Because of the chance to resurrect the Babylonian Empire.   

https://en.wikipedia.org/wiki/Hanging_Gardens_of_Babylon

[AvHdB]

An interesting article from an Iraqi nurse in the Independent. I'd take her word before Texan's any day!!


And that question has come back into my head this week. Did the lives of most ordinary Iraqis get better? I don’t think so. And now they’re about to get a whole lot worse.

There was universal health care in Iraq, and universal education. Few people were well off but nobody, as far as I could tell, starved.

If you were Kurdish, or a dissident, life wasn’t like that, and I’m not suggesting for a second that we should forget their suffering. But by and large, life was OK in Saddam’s dictatorship.

It was a secular state, and Sunnis and Shias seemed to bump along together; there were plenty of Christians, and even a few Jews left (though they had experienced persecution).

So Iraq, when I was there, was a fully functioning state in which it was possible to live a fulfilled life. I’m aware that what I’m saying may be the equivalent of observing that Hitler made the trains run on time. But I wonder how many Iraqis today – particularly those in flight, with nothing but their children and a few hastily gathered possessions – look back on the Saddam years.

https://www.independent.co.uk/voices/comment/it-was-better-to-live-in-iraq-under-saddam-9532742.html

Rosco, Thank you for bringing the sad reality in a way that everyone who wishes can understand.

Say what you will about Bush Sr, and while he had the option to go all the way to Baghdad but he stopped when Kuwait was liberated. It was his dimwitted son who made a royal fcuk up of everything there.

[Wiz]

Contractors reap $138bn from Iraq war

FT 18 March 2013

"Eight days after the invasion of Iraq on March 19 2003, Paul Wolfowitz, then deputy defence secretary and a leading proponent of the war, told a Congressional committee: “We are dealing with a country that can really finance its own reconstruction, and relatively soon.”

A decade later, that assessment could hardly have turned out to be more wrong.

The US has overwhelmingly borne the brunt of both the military and reconstruction costs, spending at least $138bn on private security, logistics and reconstruction contractors, who have supplied everything from diplomatic security to power plants and toilet paper.


An analysis by the Financial Times reveals the extent to which both American and foreign companies have profited from the conflict – with the top 10 contractors securing business worth at least $72bn between them.

None has benefited more than KBR, once known as Kellogg Brown and Root. The controversial former subsidiary of Halliburton, which was once run by Dick Cheney, vice-president to George W. Bush, was awarded at least $39.5bn in federal contracts related to the Iraq war over the past decade.

Two Kuwaiti companies – Agility Logistics and the state-owned Kuwait Petroleum Corporation – are the second and third-biggest winners, securing contracts worth $7.2bn and $6.3bn respectively.

The US hired more private companies in Iraq than in any previous war, and at times there were more contractors than military personnel on the ground.

“These numbers are staggering,” said Claire McCaskill, the Democratic senator who has led the charge to tighten contracting controls.

“In the last decade, we’ve seen billions in taxpayer money spent on services and projects that did little – sometimes nothing – to further our military mission,” she said.

But companies on the top 10 list defended their record. KBR “performed with honour and sacrifice in a hostile, complex, ambiguous and unpredictable environment”, said Marianne Gooch, a company spokeswoman.

She noted that KBR had prepared and served more than 1bn meals and produced more than 25bn gallons of drinkable water and 265 tons of ice.

Patrick Dorton, a spokesman for the International Oil Trading Co, a Florida-based company that secured contracts worth $2.1bn to transport fuel from Jordan to US forces in Iraq, said: “We are proud to have effectively supplied jet and convoy fuel in a war zone to the US military.”

The business environment for these contractors may be changing, with the war in Iraq over and the conflict in Afghanistan winding down, but these private companies remain.

There are still 14,000 contractors, including 5,500 security guards, in Iraq even though the last troops left in December 2011."

Click the links at the title or date to read the FT article.

We must not forget that the charitable nation USA invaded Iraq to kick out the dictator Saddam and impose copy of their own Democracy!

While you are in reading mode.... read this too! A Closer Look at Cheney and Halliburton

Pleasant reading, don't you think?

[rosco]

Texan77, do us a favour, please. Can you tell us three 'problems' that Saddam Hussein was causing 'the world' before the United States invaded the country?

To help you out here, you should know that Iraq, before the Coalition of the Willing invaded the country, was a secular state, was stable, encouraged gender equality and had a high standard of living (certainly much higher than today).

The stuff you mention occurred AFTER the United States invaded the country.

Please, give it your best shot.

Allow ME, as well - seeing YOU've never been in that part of the world

1/ Ask the Kurds if they prefer then or now

2/ During the war with Iraq  250, 000 Iraqis were killed and may be 1 million Iranians - hardly great times..


3/ Secular ? My ARSE .... it was OK to be a Sunni and not Shiite in the eighties and nineties - and not so good to be a Kurd or Marsh Arab


WHERE DO you source your 'knowledge'

Nobody here is suggesting Iraq was ever a utopia but I think the comments from an Iraqi far outweighs your contribution. The kurds had a terrible time under Saddam no doubt but why do you constantly try to argue about stuff just for the sake of it?

The point here is that Iraq is worse off, since the "liberation". Tex tells us otherwise.

[andrewfi]

Moby is just being 'counterfactual' again, he is bored but too lazy to fact check himself.

But, please let Texan respond. I am sure that he can build upon the solid foundation that you have prepared.

And, no I was not suggesting a utopia, but it was a situation that a majority of the world's population would look up to in envy in terms of personal freedom, income, and opportunity.

[msmoby]

Moby is just being 'counterfactual' again, he is bored but too lazy to fact check himself.

This is but the first of your total misunderstanding of reality - including  your pronouncements on folks lives  - rather than dealing with the bollox you post ...

But, please let Texan respond. I am sure that he can build upon the solid foundation that you have prepared.

My pointing out your howlers , does not preclude Tex from his interesting perspectives

Another andrewfi 'gem'

And, no I was not suggesting a utopia, but it was a situation that a majority of the world's population would look up to in envy in terms of personal freedom, income, and opportunity.

'SURE' - if you were prepared to support the "Arab Socialist Ba'ath Party" - in other words - the policy whims of Saddam ..

Look, let's face it .. back then the Americans were quite happy to use Saddam as a counter to Iran  - 'we' turned a blind eye to his treatment of his people .  'We' - the west- made him what he was..

[andrewfi]

If you are going to quote me at least take the trouble to do so honestly and not include words I did not write and certainly do not agree with.

Why do you have to do this all the time - be dishonest?

You silly, dishonest, little man.

[msmoby]

If you are going to quote me at least take the trouble to do so honestly and not include words I did not write and certainly do not agree with.

andrewfi knows VERY well that I cannot edit my posts

"SURE' - if you were prepared to support the "Arab Socialist Ba'ath Party" - in other words - the policy whims of Saddam ..

Look, let's face it .. back then the Americans were quite happy to use Saddam as a counter to Iran  - 'we' turned a blind eye to his treatment of his people .  'We' - the west- made him what he was..
"  are my words .. not his

Now, please accept my apologies and deal with my point

Why do you have to do this all the time - be dishonest?

You silly, dishonest, little man.

 

Says the guy telling me I posted an article from eight years ago re VK  - when it was WIZ ...

What with my 'random' photos' with the same Russians all over Europe  - you aren't having the best of 'let's make stuff up about moby' days

Just how black ARE your pots? ...

[cufflinks]

In Summary:

Orange Man Bad
USA Bad
UK Better
EU Brilliant
ISIS OK
Islamists Wonderful
CFRCs Magnificently Brilliant  (Communist Freaking Red Chinese).
Antarctica ETB Overloards Most Magnificently Brilliant and Evil of them all.

[AvHdB]

andrewfi knows VERY well that I cannot edit my posts

Moby, I believe everyone has the option to edit their own posts for an hour so after you make them.

I understand (that fortunately) you can not use the message option of RUA.

[Wiz]

andrewfi knows VERY well that I cannot edit my posts

Moby, I believe everyone has the option to edit their own posts for an hour so after you make them.

I understand (that fortunately) you can not use the message option of RUA. [ /font]

Moby is under Moderation.........like a dog on a leash!



 

[rosco]

andrewfi knows VERY well that I cannot edit my posts

Moby, I believe everyone has the option to edit their own posts for an hour so after you make them.

I understand (that fortunately) you can not use the message option of RUA.

Quite.

Rather than admitting he’s wrong, he’ll blame Andrew for knowing that he can’t edit his posts.

This is essentially a snippet from Moby’s whole personality.

[andrewfi]

How on earth would I know what you can, or can't, do on your Internet devices?

You are not the centre of my universe, indeed, apart from the thankfully limited exposure here, you are not any part of my universe.

How can a person be so self centred?

[rosco]

How on earth would I know what you can, or can't, do on your Internet devices?

You are not the centre of my universe, indeed, apart from the thankfully limited exposure here, you are not any part of my universe.

How can a person be so self centred?

It’s got something to do with mental health.

[msmoby]

Andrewfi, playing dumb, now?

[cufflinks]

Jim Rickards Strategic Intelligence Report latest severe Gloom and Doom about the USA and De-dollarization:

The Takeaway the USA and our Trading Partners are about to become fully screwed by the end of 2019...  Hope this is more FUD than Fact but as the old saying goes best to know about and plan for the worst when hoping for the best...  The bad news is even worse than I thought.

https://pro.agorafinancial.com/p/AWN_brics_1017/EAWNV489/Full

An International Advantage America Has Held for 75 Years Will Start to Unravel...  October 18, 2019

It's a threat to the dollar's status as the world's #1 currency
and every cent in YOUR bank account

***Please Read This Full Evidence Letter Before You Do Anything Else***

Dear Fellow American,

Take a look at this photo…


It’s a “class photo” of the most important world leaders gathered at the G20 summit
in July, 2017.

There is a reason why President Trump is not positioned “front and center”
representing America as President Xi of China and President Putin of Russia are representing their countries…

A reason I will make clear in just a moment...

I’m rushing you this urgent message as both a government insider and a concerned citizen.

What I’m about to share with you will shock you. And you’ll probably think it’s a hoax at first.

But details buried deep in paragraph 17 of a little-known government document in front of me right now points to a sobering claim coming true...

**America’s 75-year status as the world’s #1 financial superpower is coming to
its end.**


Before I explain, let me introduce myself...

My name is Jim Rickards.

I’m a U.S. attorney, economist and the financial threat advisor the government turns to when it needs help.

I’ve sat deep in the Treasury Department… stared officials in the face, warning them about financial crises like 2008... years before it happened. (They ignored me…)

I’ve testified in front of Congress…


I’ve consulted and advised members of President Donald Trump’s cabinet…

In one of my most high-profile missions, I helped senior U.S. military strategists at America’s Warfare Analysis Laboratory conduct their first-ever “financial war game” to determine threats against the U.S. dollar.


I routinely rub elbows with Federal Reserve Board Chairmen like Ben Bernanke… Five-Star Generals and NSA directors like Michael Hayden, finance ministers of various governments… Presidents… Prime Ministers... Fortune 500 CEOs... and the world’s most powerful investment bankers.


They ask for my opinions and tell me things they’ll never say publicly.

And while I can’t be specific with senior military or politicians’ names or statements, I can tell you they’re about to be BLINDSIDED by something big.

My work as a currency war advisor for the CIA, Pentagon, and other national intelligence agencies allows me to rub elbows with the upper crust of the U.S. power structure...


As a result, I have access to their most closely guarded information…

And what I stumbled upon while looking over this document could signal a major change in the America we’ve known for the past seven decades...

The reason why has nothing to do with North Korea…

Or the crisis in Venzuela…

Or intelligence gathered on Russian involvement in our elections.

It’s something much more sinister and dangerous.

Starting October 18, the 75-year dominance that America has enjoyed in the world will end – kicking off a rapid decline of financial standing in the world.

As a Trump supporter, you may think the President can stop it…

Well, I predicted Trump’s victory while polls said otherwise…

I want his administration to succeed.

But, I’m telling you…

He can’t stop this one…

Because this event was set in stone before Trump ever became our 45th President… before he was even on the ballot.

And, to be honest, I’m worried.

I referenced my experience with the last financial crisis America went through because I believe this latest crisis is infinitely more dangerous...

Because if my research is correct…

Starting in just a few days…

America will no longer be the number one global powerhouse.

When this happens, I believe this will dethrone the dollar as the world’s #1 currency – taking all of our economic benefits as Americans with it.

Things like...

Affordable prices for daily necessities like paper towels and beef…
to regular purchases like T-shirts and socks… to fancy gadgets like
TVs and cellphones…
The right to withdraw your OWN MONEY sitting in your personal checking & savings account… your retirement account… AND your brokerage account…
The thousands of jobs Donald Trump has worked so hard to keep
and create in America will be lost...
Your financial privacy. What you buy, for whom and for how
much – will be gone for good…
The choice of where you bank… who you buy insurance from…
or who manages your money (Hundreds of banks and insurance companies could shut their doors)...
Access to gold, silver or any other hard assets owned for financial protection could become unattainable at any price…
There could be riots in the streets... arrests on an unprecedented scale... and martial law could be used by the U.S. military.
That’s why I’ve spent a significant amount of time and money in the past few months preparing this letter… to warn you and our fellow Americans.

I don’t have any interest in scaring you…

I’m simply following my research to its logical conclusion.

Now, you’re probably thinking… “There’s no way those things could happen…
not in America.”

But just remember:

In 2006, no one believed me when I warned my clients – some of Wall Street’s biggest players – of an impending financial collapse.
And no one believed me when I predicted that on September 30, 2016, the world’s most powerful financial body would release a new form of “world money,” specifically designed to replace the U.S. dollar as the world’s reserve currency.
But both of those things happened.

And that brings us to our current situation...

All signs point to a mundane… yet powerful scheme to pull the rug out from under President Trump and the American people.

But don’t just take my word for it. Review all of the proof I’ve gathered here for you.

The good news is… if you want to be personally prepared, there are a few simple steps
you can take to essentially sidestep this modern day financial “Pearl Harbor” attack
on your money.

I'll spell out three of them here.

All three are steps I plan to take too, for myself and my family.

And don’t worry... none of them are complicated.

But they will protect you during this coming crisis.

First, I’ll show you how to hedge your wealth during the replacement of the dollar as the world’s reserve currency…

I’ll even give you the opportunity to potentially make an eight-to-one return… turning every $1,000 into $8,000, every $5,000 into $40,000, and every $10,000 into $80,000.

Second, I will show you how to protect your wealth in the event of a market crash.

I fully expect to see major disruptions in the Social Security program.

Which is why it’s important for any retirees to find other sources of income.

Those who rely exclusively on Social Security will almost certainly end up on the breadlines.

But don’t worry.

You won’t have to be one of them.

Because I’ve found a unique way you could generate as much as $1,000 or more every month… almost effortlessly.

That might not sound like a lot…

But wouldn’t you like to have $1,000 deposited into your account every month?

Third, you’ll want to find a way to own a stake in the new reserve currency…

Normally, regular investors wouldn’t have access to that but I’ve found an original, accessible way to do it.

And no, I’m not talking about Bitcoin or any other cryptocurrency.

It’s something I have never heard explained before…

This new globalist currency will NOT trickle down to everyday folks like you and me.

It will stay at the top… and I believe it will be exclusive to the financial elite ONLY.

And yet, once this new currency takes over as the world’s top form of reserve cash…

The few who have access to it could make an incredible fortune.

And I happen to have the only private link in the world that will get you in.

The bottom line is this…

I want you to take my dire warning today seriously…

And realize that I’m in a unique position to help you.

You’re well within your rights to disagree with my analysis and conclusions.

All I ask is that you listen to what I have to say over the next few minutes.

It costs you nothing. And at the end, if you decide that I’m full of it, then you can ignore everything I’ve told you.

But if I’m right…

You’ll have learned everything you need to protect your wealth and family when this new “world money” replaces our green money and forever changes the course of U.S. history.

You could get a lot richer, too...

Many investors became wealthy in times of crisis…

In fact, more millionaires were created during the Great Depression than any other time
in history…

I’ll show you how you can too.

But before we get to any of this…

I won’t waste any more time…

Let me give you a little background on why this event will be the downfall of our
great country…

[cufflinks]

Continued...

THE MOST POWERFUL
GROUP IN THE WORLD
Washington D.C. is full of agencies with three-letter names.

The FBI… CIA… NSA… the list goes on and on.

These agencies are seen as some of the most powerful and secretive organizations
in the world.

But what many folks don’t realize is this…

 The most powerful agency in the world is not even part of the U.S. government.

It’s a world organization started in 1944 that is accountable only to central bankers, finance ministers, and heads of state around the world.

And it runs what The Economist calls "the most powerful financial institution on earth..."

It owns the world’s checkbook…

And chances are... you have probably never heard of it.

It’s called the International Monetary Fund (or “IMF” for short).

And everything about the IMF is designed to deceive you – including the name.

Because the IMF is not even a “fund” like a traditional mutual fund, or anything like that…

You can think of them as the central bank of the world.

They take deposits from countries around the world and make loans to its 189
member nations...

What makes the IMF so powerful is…

They have no wars or roads to pay for, no welfare recipients, and no social security checks to write.

Therefore, they don’t have debt like America does.

And the IMF has the power to make or break sovereign governments by deciding whether or not to loan them money when those governments are in financial distress.

So, many in the world think the IMF should hold the world’s purse strings...

With centralized money, a centralized market, even a centralized government.

The centralized money these other countries could use already exists.

It's the "world money" I told you about earlier.

All that remains is to put it into place.

And this is why a coming power shift in the world will lead to the financial collapse
of America.

How Do I Know This?
Here’s how the IMF works…

When financial decisions are proposed that affect the world…

They are put to a vote by the 189 member nations.

Each country’s voting percentage depends on the size of their economic standing
in the world…

Take a look at the current IMF voting percentages...


The U.S. has the largest economy in the world… therefore, it has had the highest voting percentage of any country since the IMF was started in 1944.

More importantly, the U.S. is the only country with more than 15%...

That is significant because 15% is the threshold needed in order to veto any
IMF proposal.

Here’s why…
According to IMF rules… you need 85% of the vote in favor of any decision before it can be turned into action.

So, if one country has more than 15% voting percentage, they can veto and block any issue on the table.

You can’t get to the 85% if the guy with more than 15% is holding out, right?

***For the past 75 years, the United States has been the only country
in the world able to veto any vote brought up in the IMF.***

That means we get what we want.

Not only here in America… but around the world.

We have used that power to dictate nearly every major financial decision in the world.

For example, the IMF offers larger loans to governments closely allied with the
United States...

During the 1980s, the U.S. pressured the IMF to extend credit to Argentina and Mexico,
who were closely allied to the United States.

The U.S. has also used this veto power to achieve foreign policy goals… punishing adversaries and rewarding allies.

During the Cold War, for example, the United States opposed the extension of IMF credit to any country controlled by a communist government.

U.S. allies found that being more supportive of U.S. foreign policy goals made it more likely that they would be able to use IMF funds.

This has been particularly important to countries such as Indonesia in its 1997 financial crisis and Argentina in the last few years.

Obtaining a generous IMF loan can reduce the severity of an economic crisis and prevent any political opposition.

So, whether the motivation is to deny resources to adversaries, to cultivate new allies, or to support existing ones…

The U.S. has used that important veto power for its own interests.

But everything is about to change…

Why?

Because of what took place on what seemed like a normal day in September, 2016.

What I Found In a Mysterious G20 Document Is the “Smoking Gun” That Will Change Everything
Every year, 20 of the world’s leaders meet to discuss their agenda for the world.

On September 4, 2016, these 20 world leaders met in Hangzhou, China, to discuss
world affairs.

All the big names showed up...

Chinese President Xi Jinping was there... along with UK Prime Minister Theresa May… Canadian Prime Minister Justin Trudeau…

And Presidents Vladimir Putin and former President Barack Obama.


Putin, Obama at G20 meeting

Many issues were discussed at this meeting… and the results were revealed in the mysterious document that’s on my desk…

[cufflinks]

Continued...

As I was examining this document, my eyes slid down the page and found a “smoking gun” in Paragraph 17.

I couldn’t believe what I was reading...

It outlines a change in the voting power of member countries on IMF issues:


Here’s exactly what that means…

A “Quota” is another word for a vote in the IMF… A vote for any future action.

The IMF reviews these quotas at regular intervals, usually every five years, to make any adjustments with how much weight they should carry.

What are the “dynamic economies” the document is referring to?


By Narendra Modi [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

The Changing Of The Guard
Maybe you’ve heard of the BRICS nations…

It’s an acronym for five emerging markets – Brazil… Russia… India… China…
and South Africa.

The five of them together, led by China, make up 22% of the world’s economy.

But they currently have just 14.2% of the vote in world financial decisions.


So they have let it be known that they are “under represented.”

Paragraph 17 says the IMF will begin in 2019 to grant an increase for these countries.

Since the BRICS nations are getting stronger economies, they want to become more dominant in world affairs...

So, their total voting percentage will pass that important 15% threshold…


This is what that means…

After the 2019 IMF meeting on October 18 in Washington D.C…

The BRICS nations will, for the first time in history, be on the path to veto power and will use it against the United States.

They will be able to block any major financial U.S. proposal that comes up for a vote… unless they get what they want.

In other words, power is shifting AWAY from the United States…

And TO the BRICS nations...

And America’s world dominance will end.

You might be thinking… “But the United States still has enough voting percentage to veto proposals themselves…”

True… but remember this…

When the BRICS nations gain enough power to veto U.S. proposals... they could twist arms of the other member countries... against our interests... including the removal of the U.S. dollar as the world’s reserve currency.

What better way to get back at the U.S. than to help bring about the demise of the dollar on the world stage?

This is what President Obama allowed to happen at this summit…

Think about it... because now it all makes sense…

Between slapping Russia with economic sanctions due to meddling in our elections…

Expelling 60 Russian diplomats from our country for nerve gas attacks in the UK…

Starting a trade war with China…

Threatening to label China a “currency manipulator”…

President Trump is doing all he can against this two headed threat.

U.S. relations with both China and Russia are at all-time lows…

These countries welcome this shift in power!

Because they are always looking for opportunities to grow the Chinese and Russian empires at America’s expense.

President Trump is fighting this double assault on America…

But this is Russia and China’s grand plan for revenge.

Bringing the collective power of the BRICS nations against our President and increase their influence in the world.

Here’s what Vladimir Putin had to say:


The BRICS nations make no secret about it…

While the idea of one central bank and one central money might sound like Armageddon to you and me... it's a financial dream come true for the other newly empowered IMF nations.

And no surprise, it's the IMF that just backed the release of this new replacement "world money," in September, 2016.

That's no coincidence.

Make no mistake, this isn't just a minor financial blip.

It's the start of a new world order.


With America less in command of its own fate than ever before.

Imagine getting clearance from the IMF the next time we want to build or buy new military equipment, fix our roads, or bail out our banks…

Medicare and Social Security are a mess…

Obamacare is imploding before our eyes…

Can you imagine what happens when the IMF decides how to “fix” those budgets instead?

Because that’s where we’re headed.

And the facts are clear…

You will remember 2019 as the “Year of the BRICS.”

Using their new veto power…

The BRICS’ #1 goal will be to dethrone the dollar as the world reserve currency.

The first steps are already well underway. It’s happening right now… before our very eyes.

I can’t stress this enough: You need to act now in order to protect your assets, and grow your savings in the next few years.

In the next few minutes, I’m going to show you exactly how I’m protecting my own money, and what I recommend doing with your own.

But first, let me show you what exactly is going on right now...

China Has Stopped Buying...
General Yi Gang, Secretary of the People’s Bank of China Monetary Policy Committee, said:


Take a look at this chart:


China is the biggest holder of U.S. dollars in the world. But they’ve been unloading foreign reserves, including the U.S. dollar, like the plague for the past few years.

The World Is Already Ditching The Dollar
You may not know who Hugo Salinas Price is...

He’s not nearly as famous as most television talking heads on mainstream U.S.
media programs…

He’s a Mexican business magnate and founder of the Mexican retail chain Elektra.

He also happens to be a historian of money...

One of Mexico’s leading hard money economists…

And here’s what he said recently:


He goes on…


Specifically, he foresees China and Russia creating a gold- and/or silver-backed currency to conduct trade.

Globally, there’s an obvious flight to hard currency.

Whatever may happen with the day-to-day price of “paper gold,” all of the physical metal, from every mine, mill and refinery in the world, has a buyer for every ounce.

That’s why the BRICS nations are all accumulating massive amounts of gold.

Look at China and Russia’s accumulations in the last few years:


That’s why I have consistently been saying gold will soar to $10,000 an ounce in the
coming months…

And in just a moment, I will show you how to protect your own money because of this explosion in gold prices…

While 99% of investors will be caught blindsided.

According to a recent report in Russia’s Sputnik News:

“In the years to come, financial markets will see a significant
devaluation of the American currency… Russia and China continue to stockpile gold in a bid to cut their economies’ dependency on the U.S. dollar in the future.


If the dollar’s role as a global reserve currency is decreased, the world will see radical political and economic transformation.”

Sergey Glazyev, a Russian politician and key Kremlin player, recently declared:

“As soon as we (Russia) and China dump the dollar, it will be the end of the U.S. military might.”

Now, you might dismiss this kind of pro-gold/anti-dollar thinking and commentary
by Russians…

In fact, it’s a stretch for most people to imagine any world in which the dollar is not king.

But look at what’s actually happening in the world...

As the current reserve currency, the dollar is the benchmark currency for all transactions around the world.

But the BRICS nations are already ditching the dollar...

Russia and China signed an agreement to trade exclusively in their own local currencies...
Germany has become China’s biggest trading partner in the world, exceeding 999 billion yuan last year…
China and Brazil have agreed to a currency swap deal to strengthen their trade ties… It will allow them to exchange local currencies between the real and the yuan…
China has also signed currency swap agreements with Australia... South Korea… Turkey... Kazakhstan... Chile... and the United Arab Emirates… leaving the U.S. dollar out of ALL
international transactions…
And the list is growing…

23 countries have created these currency swap agreements, transitioning to abandon
the dollar...

Including our allies, Germany, France, and the U.K. (!)

You might say, “Jim, who cares what they are doing… we deal in dollars in America and we are fine…”

But here’s what you might not realize…

The demise of the dollar will cost you plenty.

Let’s take, for example, one of America’s great love affairs…

Driving cars.

[cufflinks]

Continued...

According to the latest figures from the American Automobile Association, we pay around $2.21 a gallon on average in the U.S.

That’s lower than almost anywhere else in the developed world.

The Japanese pay $4.46...

Brazilians pay $4.06...

The Chinese pay $3.57…

The French pay $5.67…

The Italians pay $6.47…

Germans pay $5.69…

Why do we pay less?

Because oil is priced and purchased in our dollars...

But what happens if other countries start accepting oil payments in something other
than dollars?

The price of oil for Americans will skyrocket immediately. It will change our lives overnight.

And it’s already happening…

China imports oil from Russia, Iran and Angola priced in yuan, and those yuan are tradeable for gold.

More importantly, China may be working on a deal with Saudi Arabia to pay for oil using Chinese yuan.

When this new “world money” takes away the status of the dollar as the world’s reserve currency, it will lead to the demise of America.

The Final Flailing Of The American Empire
Can the dollar really lose its reserve currency status?

Can it end up like the Mexican peso… losing its purchasing power and becoming just
a local currency?

That’s what has happened to the pound sterling…

Technically, sterling is still included in the IMF world money reserve currency group, but it’s a very, very small portion of global reserves and global payments…

Its role has been greatly diminished.

History repeats itself...

The same fate will happen next to the U.S. dollar.

So, you see… it really matters to us.

Don’t Ignore The Truth...
All the news about countries moving away from the U.S. dollar is public information.

But the mainstream media is strangely ignoring it…

Ignore away…

But after October 18, 2019, we could wake up one morning in the midst of a massive currency crisis in which dollar values are falling and oil prices in dollars are soaring.

Remember… when a crisis of this proportion hits, stock markets react fast.

Don’t be caught in the crossfire.

It’s what happened in the 1930s…

Take a look at one of the scariest charts I have seen in a long time...


After stocks plummeted in the crash of 1929, stocks recovered and then had another correction in 1937… eight years later.

After the crash of 2008-09, stocks again had a big recovery which has reached the TEN-year mark…

What will happen next?

Well, if history is any guide, we could well have another big letdown in the stock market… exactly what happened 80 years ago.

It could certainly happen again, especially when the U.S. dollar is replaced by a new world money as the world’s reserve currency.

Most Americans Have No Clue What This Coming Power Shift Means For Their Money
Ok, let’s quickly recap…

The IMF is the most powerful organization in the world.

Right now we control the IMF through veto power.

We're the only country with this power.

But this coming power shift changes everything.

With a decision to increase the voting power being distributed...

The BRICS will match our veto power.

This gives them the leverage to convince other countries to go against U.S. interests.

The proof is there in black and white for anyone to read it.

When this happens, they'll take the final step to dethrone the dollar.

Remember… this is the #1 goal of the BRICS nations as they get more voting power.

Skyrocketing gas prices are just one result of this shift in power.

We'll lose our right to print dollars that has been keeping our economy afloat…

When that happens, all hell could break loose for Americans…

Millions of Americans will be caught off guard.

With less demand for the dollar around the globe, interest rates will explode.

Mortgages will be very, very expensive…

Instead of getting a mortgage at today’s low rates of 4%, it may soon cost you 15% or 18% or 24%.

Car loans will disappear... unless you're willing to pay 40% interest…

The record-breaking bull market we are currently experiencing will be quickly decimated… even faster than the last financial crisis.

Infrastructure projects will be scrapped as America’s credit evaporates before our eyes…

The new tax cuts will disappear as taxes soar when the government cuts all social programs like Social Security and Medicare...

Yes, our country could fall into the depths of an economic collapse the likes of which we have never experienced before.

Now, remember…

This isn’t the first time a reserve currency has changed.

Other currencies have been the world’s reserve for 80 to 110 years at a time.

And history teaches us MANY lessons.

The U.S. dollar has been officially the reserve currency of the world for the past 72 years.

But, the dollar was trading much before, since the 1920s in fact.

That would put the U.S. dollar closer to 90+ years as the reserve currency.

These cycles of about 100 years are common in history:

The ancients called it a saeculum, which represented the four seasons.

Take a look at this table:


As you can see… major negative events happen after the replacement of
a reserve currency.

Every transition was a period of great suffering… marked by economic hardships, revolutions and wars.

Will it be any different when the U.S. dollar loses its reserve status?

History gives us the clear answer of NO…

Inflation will destroy the spending power of Americans.

Think about $20 a gallon for gas, $10 for a loaf of bread.

Investment and retirement accounts will lose 90% of their value as the dollar falls…

Now, President Trump says the most important thing that will help our economy and also ease tensions in this country are more jobs...

But companies will be closing their doors as consumers only buy the necessities.

The unemployment rate could hit 25% or even higher.


Credit will come to a halt as banks close.

We will have angry and frustrated citizens that have little faith in their leaders...

Combined with a horrific economy and a reduced ability of the government to keep order.

Under those circumstances, widespread rioting and violent crime will occur.

You’ve seen what happens when a police officer acts too quickly…

You’ve seen how political tensions are ignited at rallies...

Just imagine what will happen when people lose their homes… jobs… their whole idea
of existence.

Pandemonium.


Let’s face it…

When we lose reserve currency status, it won’t be President Trump’s fault…

We have only our past politicians to blame.

Because our economy has been stagnated for so long, which has allowed the BRICS nations to become dynamic economies and strengthen their positions in the world.

So, we will lose our dominance and leverage in world affairs due to past political and
fiscal incompetence.

IT’S ALREADY TOO LATE TO CHANGE
THIS OUTCOME… BUT YOU CAN STILL PROTECT YOURSELF
How will this all end?

Will I get another call from the CIA for me to look for market anomalies like they did
after 9/11?

Will the Fed call me for advice on interest rates and monetary policy after the dollar falls?

I don’t know…

But I’m not waiting to find out.

As I said, I’m taking three steps to protect my family and our money…

I hope you do the same.

Remember: This is a done deal… locked in stone.

We’re only waiting for the official public announcement.

We can’t turn back the clock. It’s ticking…

October 18, 2019
That’s when things will begin to unravel… America and the dollar will start to lose its dominance in the world.

The government is not going to save you.

You can either be a victim and let these events happen to you… or take a few steps and take action.

I’ve given you the knowledge the mainstream media won’t give you.

What you do with this information is completely up to you.

But know this…

What you do with this information will determine how well you and your loved ones will fare in the troubled times ahead.

Will you take the steps necessary to get through this crisis in comfort and safety?

Or will you cast your lot with those who fail to prepare?

I can’t stress this enough. To protect your assets, you need to act right NOW.

I have never been more certain than anything I’ve ever come across in my 35 years in
the industry.

That's why I want to show you this chain of events so you can act to protect your money for the sake of your family… and your financial legacy.

Timing is everything, especially when it comes to your money.

Right now is the calm before the storm.

The mainstream media has yet to pick up on this...

And as far as I know, I’m the only person speaking and writing about this development.

I’ve scoured months of major newspapers… major magazines… and major TV network archives looking for the slightest mainstream reference of what I’ve just revealed to you... and guess what I found?

Zero.

Nothing.

Not a word… not a footnote… not an offhand comment or a single insinuation about it.

But when it's reported this fall, you will benefit by acting now before the panic begins.

It’s time to prepare NOW.

Here’s How You Prepare
You’ve seen all the proof behind America’s coming downgrade on the world stage…
it’s undeniable.

2019 will be the “Year of the BRICS.”

But your time to start preparing for the inevitable is TODAY.

October 18, 2019, is just around the corner...

But I assure you, once the mainstream media picks up on this story, all of the great wealth protection strategies will be spoiled and overcrowded.

And I’d hate to see you miss out.

But before we move forward and I share my best kept secrets with you, I need to know you’re committed.

So if you’re ready to gain an insider’s knowledge on this global shift of power, and the three best ways to prepare for what I see coming…

Let me show you these steps now...

Step One:
Add Gold To Your Portfolio
This is a no-brainer…

There are two very good reasons to add gold to your portfolio...

Firstly, to protect yourself from the financial fallout of the dollar’s demise…

And to cash in on gold’s inevitable rise.

Earlier, I showed you how Russia and China are buying up gold like crazy…

And every mine has a buyer for every ounce…

In economics, if demand exceeds supply, the price goes up.

That’s why I believe that $10,000 gold will soon be a reality…

Many gold experts say it could go even higher.

At my number, that’s an eight-to-one jump... a 674% gain… turning every $5,000
into $38,700!

How much should you buy?

But, what if you could own gold with a “safety net”?

That is, what if you could own both sides of the gold trade?

On the one side, you’re covered even if gold tanks for the next 18 months.

On the other, you could make up to 1,286% if it goes up.

Sounds impossible?

It’s not.

My team has discovered a unique trade that allows you to do just that.

To be clear, it’s not for everybody.

And I call it a “safety net” because you’ve got a chance to see gains regardless of whether gold goes up or down.

It doesn’t mean it’s risk-free. No investment is guaranteed.

However, we put this strategy through the paces on likely scenarios. The potential profit ranges from nice to obscene.

I’ll give you all the details inside your first bonus gift…

Including how you could see between 133% and 289% on the lower end… or sit tight for extraordinary gains as high as 1,286%.

And that’s if gold soars to only half of what I predict.

If gold hits $10,000 an ounce, as I expect… you could pocket an even bigger return.

The way I see it, you’re covered no matter what…

You’ll find all the details inside the special dossier called The Perfect Gold Trade: The Safest Way to 1,286% Gains…


But you better hurry…

Many insiders I know have got their eyes locked on this coming monetary shift.

You don’t want to be caught short once demand really takes off.

After October 18, the world’s monetary shift will begin and gold will take center stage as the dollar loses its reserve
currency status.

Gold prices are already rising and the longer you wait, the more you’ll end up paying.

That’s why I put this free report together for you.

It explores several ways to profit from gold’s rise and will help you along the way... even if you’ve never invested in precious metals before.

Now, there’s a second step you’ll want to take – this one is critical…

Step Two:
Protect Yourself As Entitlement
Programs Are At Risk
We’ve had financial busts in America every four to seven years since the beginning of
our country…

Well, our latest bull market just turned ten years old... and is still going strong.

So, it’s coming...

There is more debt now than in the financial crisis of 2008…

The “too big to fail” banks now have more risky derivatives than ever before…

Goldman Sachs is warning that the stock market has an "elevated valuation on almost
every metric."

The risk forecasting models that I use say dollar-based savings accounts and money markets alone could shed up to 80% of their purchasing power.

Your stocks could plunge 70%.

And entitlement programs like Social Security are at risk of insolvency.

That’s why I want to send you another free report to show you how to bring income in regardless of what happens to Social Security.

It’s called How to Get $1,000 or More a Month… Regardless of What Happens to Social Security.


I fully expect to see major disruptions in the Social Security program.

Which is why it’s important you find other sources of income.

Those who rely exclusively on Social Security will almost certainly end up on the breadlines.

But don’t worry.

You won’t have to be one of them.

Because I’ve found a unique way you could generate as much as $1,000 or more every month… almost effortlessly.

That might not sound like a lot…

But wouldn’t you like to have $1,000 deposited into your account every month?

Even better…

You can get started with as little as $5.50… with a click of a mouse.

Naturally, the more you invest, the more you’ll get out of this. You’d need higher stakes to hit $1,000 per month.

And no, this is not a single dividend-paying stock… not bonds… not selling puts… not rental income…

Or any other income strategy you might have heard before.

Even though most people have never heard of this opportunity…

It couldn’t be easier.

Because you can get started directly from your retirement account.

And once you “sign up,” you’ll watch that cash get deposited in your account every month.

That means just a few days from now…

You could be getting $1,000 or more deposited into your account.

I’ve put all the details inside another intelligence report called How to Get $1,000 or More a Month… Regardless of What Happens to Social Security.

It’s yours FREE.

Once you have another way to protect yourself with another income stream, I have one more step for you to take…

Step Three:
Invest In Your Own “World Money”
As I mentioned earlier, if centralized banks start replacing dollars with a new form of global currency, there is no official way for you to get your hands on it…

But it can be a big hedge against the demise of the dollar…

Consider this…

Over $5 trillion worth of money changes hands every day worldwide…

Would these buyers and sellers welcome a single type of “world money” to make those transactions easier?

Remember... At least 23 countries have already set up “currency swaps” that don’t include the U.S. dollar...

Think they are getting ready for the switch to a new form of “world money”?

The facts are clear.

You should be joining them.

The problem is you can’t officially own this new kind of “world money” yourself.

However, there is an “unofficial” way of owning it.

In fact, there are only a few people in the world who have a special link to get you started owning the new “world money.”

I’m one of them.

I have written another brand-new free report explaining exactly how it works…

It’s called The Only Way to “Own” the New World Money.


This report will show you a little-known kind of account that gives you a stake in “new money” bank reserves.

And it’s the ONLY way to get in, unless you are part of the world’s financial elite.

There are no money managers involved.

You’ll have complete control of this special “world money” account.

Not only is this “unofficial” way perfectly legal, it’s the ONLY way I know of for any private citizen to get access.

And I’ll have the complete satisfaction of knowing you’re ready to preserve your wealth – and possibly collect a fat double-digit return – ahead of the “world money” deadline.

I don’t get a commission or anything for sharing it with you. Even though I’ll show you exactly how to set up this special “world money” account, for maximum exposure to any gains.

But you’ll have complete control of this special “world money” account.

It’s that simple.

The private link I’ll give you will grant you access. I’ll give it to you… and explain how to use it… in your free copy of this additional bonus report, The Only Way to “Own” the New World Money.

The End... Fini...  Scary stuff.

[Manny]

Interesting read, Cuffy. Thanks.

Not sure about this ‘new money’ though.

[andrewfi]

Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

[cufflinks]

Interesting read, Cuffy. Thanks.

Not sure about this ‘new money’ though.

I got that report when I originally subscribed to Rickard's Strategic Intelligence lifetime membership -

Key Point was that the IMF SDRs are comprised of the Constituent Currencies at a particular percentage by Country/Currency:
https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR  Just the IMF SDR facts and history and spin...

https://en.wikipedia.org/wiki/EverBank

EverBank now TIAA bank creates Currency Baskets - Commodity Currencies, Safe low Debt Gov Currencies etc... - you could create an account with the Constituent Currencies in the approximate percentages in the SDR and occasionally adjust (October 2019 IMF BRICS Revolutions???) and approximate this so-called World Money account he talks about but with FDIC US Gov bailout insurance - I say bailout because at any point in Time the FDIC Obligations far exceeds its Assets and the Fed stepped in during the 08/09 fiasco and directly insured all bank accounts and all Money market accounts for $250K each...

Because of FDIC insurance and TIAA's century-old reputation for fiduciary fidelity I would pick from these:

https://www.tiaabank.com/investing/currency-cd-baskets

HTH - Forwarned is Forearmed... 

Did Jim Rickards latest FUD report rattle my cage?  Simple answer YES. Would be comparable to living in Dresden, Hamburg, London or Berlin in 1937 and standing pat in blissful ignorance and then roasting in a Dantes inferno - or like Einstein and Dietrich et.al., grabbing their portable wealth and marketable talents and moving to Princeton NJ or NYC or Hollywood and thriving and surviving.  Just saying.

For those gleeful at the forecasted collapse of the USA Economically and Politically - Ask yourself who else will buy all of the EUs and Japans Luxury products and China's cheap crap tsunami?  If the USA goes tits up what happens to Post Emire Post Brexit Britannia - the time to plan ahead is now.  Preppers do not look so whacko imnsho.  Plus the USA has plenty of nukes despite Obama's Communist Islamist efforts to disarm us and set us up for this IMF phockstorm.  Starving People with 300 Million firearms will rampage and repel borders and eliminate border jumpers.  Likely Mexico and Central America will be annexed and decriminalized - no more Chinese Communist financed Narco-Terrorists Cartels. 

With 30% USA Unemployed there will be severe resistance to continued EU and China imports which is why so many of their firms are following Japan and Koreas leads and expanding and opening factories in the USA now to make hay while the sun still shines and be seen as USA Employers perhaps the highest future protected class after the forecasted coming storms/wars.

The only bright spot is major Multinationals HQed in the USA will increase their BRICS markets penetration and mitigate the complete collapse of the USA eventually seeing their dividends and Market Caps rebound.

Buy Gold and Silver physical and royalty streams firms.

Buy Cryptos: BTC, LiteCoin, Monero, Stellar, Ripple and Cardano are my favorites.

Buy World Money Currency Baskets as described above.  Enough people request it TIAA Bank likely to create an SDR Approximate Currency Basket.

[cufflinks]

Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

Lord Afi Fee Fo Fum Gloating was anticipated and predicted like Clockwork - got to love the British inevitable air of superiority and unquenchable Ego. 

I, fortunately, have fallen into a bucket of mud and come up smelling roses even if I have to deal with a few thorns - Rickards makes a compelling case that I am taking precautions for and has far greater credentials than his self anointed highness Lord Fi.

[Manny]

Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

Didn’t the bloke tell us in the squeeze copy that it specifically wasn’t crypto currencies?

Cuffy, what is the bloke selling?

[cufflinks]

Cuffy's fear porn is finally catching up to what has been no secret for almost two decades.

How much will cuffy pay to be told to buy cryptocurrencies as a hedge against the dedollarisation  that, for years, he had tried to tell us was impossible.

Didn’t the bloke tell us in the squeeze copy that it specifically wasn’t crypto currencies?

Rickard's specifically avoided the entire Crypto bubble mania though appreciates DLT Technologies - only Crypto that passes Rickard's rigorous 7 point criteria is Stellar Lumens and only a small percentage of his speculative portion portfolio iirc much less than 5%.  Rickard's is big on Physical Gold and Silver and Mining Royalty Streams Companies and this World Money I described above along with very long term premium Dividend Companies.  Not sure what his $1K a month teaser is and do not care really as it is just a slick marketing gimmick and hook by his Publishers the Agora Publishing Inc in Baltimore.