What a fib!
Benjamin Fulford – via The Silver Bear Cafe Nov 16, 2009
China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund will be based outside of China and will be controlled by prominent members of the Chinese overseas community. The gold purchase will take some time because of the logistics of transporting it and the Chinese wish to test it thoroughly. Both the Chinese government and MI6 now confirm reports that much of the gold sold by the Federal Reserve Board over the past decade is in fact gold plated tungsten.
For its part, the renminbi is now convertible with South American currencies, the rouble, Middle-Eastern currencies, the yen, South East Asian currencies and African currencies. "We will slowly introduce our new financial system in parallel with the old one and hope that people steadily migrate towards it," the Chinese official says.
Meanwhile, the latest G20 meeting ended in acrimony and chaos. The leadership of the West is in total disarray and will remain so until the Federal Reserve Board's bankruptcy becomes visible even to brainwashed section of the Western public. This is now expected by January or February. Both MI6 and a senior Chinese government source now predict the collapse of the Federal Reserve dollar by that time.
We are also hearing various reports that many Pentagon and other US alphabet suit agency figures with both US and Israeli citizenship have recently fled to Israel. Things are coming to a head.
China is proposing to replace the US dollar with the Hong Kong dollar
At a top secret high-finance meeting scheduled for this weekend, China will propose that the US dollar be replaced by the Hong Kong dollar, according to a senior MI6 source. The proposal is under serious consideration by the backers of the new financial system.
As we have previously reported most US dollars ever created are now backed by gold at the rate of 1/28th of a gram per dollar. The fraudulent Federal Reserve Board fiat dollars issued after September, 2008 are not. Nor are any dollars derived from fraudulent "derivatives." So, to replace the US dollar with the Hong Kong dollar all that would be required would be to rename the gold-backed dollars. Any new Hong Kong dollars issued would be backed by the Renminbi, according to the Chinese proposal.
The Federal Reserve note will fall to 0.03 cents by January
It can now be stated that all the US dollars connected to legitimate commerce are backed by gold at the rate of 1/28th of a gram per dollar. The remaining Federal Reserve Board debt notes will soon fall in value to 0.03 cents, according to extremely high level financial sources. This means all legitimate businessmen and workers paid in US dollars have nothing to worry about. However, high level con-artists selling financial "derivatives," will be left with 0.03% of what they thought they owned.
It is amazing to see how many intelligent "well informed" people still do not have a clue about what is going on. If you connect the dots in the corporate propaganda media, you should be able to see for yourself without going to so-called "conspiracy" news sites. Among countries that have publicly said they will no longer use dollars for trade with each other can be found: China, Russia, Japan, South America, the Arab league, Turkey, Iran etc.
so whyis it they want your unwanted gold ,is it because they now money is worth jack shit soon .
We shouldn't be too surprised when the establishment sides with the bankers.
Bank of England reveals huge secret loans to RBS, HBOSNovember 25, 2009
The Bank of England (BoE) admitted Tuesday that it lent a total of STG61.6 billion ($A110.7 billion) to Royal Bank of Scotland and HBOS in secret during last year's financial crisis, adding that the cash had been repaid.
The British central bank revealed the loans in a statement to coincide with governor Mervyn King's appearance before a Treasury Select Committee hearing.
The BoE said that in autumn 2008 it had the offered emergency lending facility to Royal Bank of Scotland (RBS) and HBOS, which is now part of Lloyds Banking Group.
The bank said the loans could now be revealed because it judged that there was no longer a risk of a "potentially systemic disturbance" to the financial system.
"Now that RBS has signed up for the asset protection scheme and Lloyds has embarked on its alternative strategy for capital raising, the bank judges that there is no longer a need for the assistance to remain secret," the BoE said.
RBS borrowed a maximum of STG36.6 billion ($A65.77 billion) on October 17, 2008, and HBOS borrowed a maximum of STG25.4 billion ($A45.65 billion) on November 13, 2008. The groups subsequently repaid the cash in December and January respectively.
Struggling HBOS was bought by rival Lloyds TSB in a government-brokered deal that created Lloyds Banking Group earlier this year.
However, LBG fell under state control as a result of the global financial crisis and is now 43 per cent owned by the taxpayer.
Royal Bank of Scotland was also ravaged by the credit crunch and the takeover of Dutch giant ABN Amro at the top of the market in 2007. The state now owns 84 per cent of RBS after an enormous bailout.
Northern Rock was meanwhile nationalised in February 2008 after it ran into severe funding problems because of the global credit crunch.
http://www.theage.com.au/business/world ... -joww.html
December 1, 2009
by Henry Makow Ph.D.
Chelsea Clinton's engagement today to Jewish banker Marc Mezvinsky, who works for Goldman Sachs, is another reminder that America is ruled by the Illuminati clan, joined by marriage, money and love of Lucifer.
The source of their power is the Fed which has pilfered the US government's credit card and used it to buy politicians and everything else worth owning, creating trillions in tax payer debt.
That money Ben Bernanke is throwing from the helicopter cost the Fed owners pennies but they expect the US taxpayer to refund face value. To be specific, the US National Debt is expected to reach $13 Trillion this year. That's about $44,000 for every man, woman and child in the US.
Almost six Trillion will be owed to the private Illuminati families who own the banks that own the Fed. For fiscal 2009, US taxpayers will cough up $380 Billion in interest, half of that to the Fed. By 2019, the cost of servicing the debt is expected to reach more than $700 Billion annually.
As you all know, billions were paid to these banks during the "credit crunch" so that they may now reward their lackeys with humongous bonuses. But as Goldman Sachs CEO, Lloyd Blankfein said, they "are doing God's work." Unfortunately, their God is Lucifer.
GUARDING THEIR 'INDEPENDENCE'
Ben Shalom Bernanke has warned Congress not to interfere with the Fed's "independence." In a veiled threat, he said it would "seriously impair the prospects for economic and financial stability in the United States."
This is a reminder that the US is the Illuminati's bitch, and should not get any other ideas, such as abolishing the Fed altogether and with it, six Trillion dollars in debt which they created out of thin air.
The American government is quite capable of accessing its own credit and creating its own currency.
The Illuminati bankers must be pleased with their investment in Barack Obama. The Federal government spent $3.5 Trillion during his first year in office, far exceeding any other first-year President. Of that $1.4 Trillion is deficit, and half of that is owed to guess whom.
The other half of the US debt is owed to countries like China, Russia, UK and Japan, oil producing countries, states, offshore banks, pension funds, insurance companies and mutual funds.
If its any comfort, in relation, the US is the world's 20th largest debtor in proportion to GNP. In other words, the same Illuminati families have their teeth into many other countries.
For example, the US deficit is estimated to be 94% of GDP. In Germany it's 178% ($63K per person); France is 236% (78K per person); and UK and Switzerland are %40% and 422% respectively ( $140K & $176 K per person.)
So you see, the Illuminati bankers have limitless wealth and all they lack is unlimited power, a problem which "world government" will address. Then, no Congress will even attempt the charade of challenging the Fed's "independence."
SO LOOK AROUND MONEY SOON WILL BE WORTH NOTHING LAND GOLD AND SILVER KEEP IT AND YOUR FOOD AND DRINKING WATER .
Leo Lewis – Times Online February 22, 2010
The world’s most powerful investors have been advised to buy farmland, stock up on gold and prepare for a “dirty war” by Marc Faber, the notoriously bearish market pundit, who predicted the 1987 stock market crash.
The bleak warning of social and financial meltdown, delivered today in Tokyo at a gathering of 700 pension and sovereign wealth fund managers.
Dr Faber, who advised his audience to pull out of American stocks one week before the 1987 crash and was among a handful who predicted the more recent financial crisis, vies with the Nouriel Roubini, the economist, as a rival claimant for the nickname Dr Doom.
Speaking today, Dr Faber said that investors, who control billions of dollars of assets, should start considering the effects of more disruptive events than mere market volatility.
“The next war will be a dirty war,” he told fund managers: "What are you going to do when your mobile phone gets shut down or the internet stops working or the city water supplies get poisoned?”
His investment advice, which was the first keynote speech of CLSA’s annual investment forum in Tokyo, included a suggestion that fund managers buy houses in the countryside because it was more likely that violence, biological attack and other acts of a “dirty war” would happen in cities.
He also said that they should consider holding part of their wealth in the form of precious metals “because they can be carried”.
One London-based hedge fund manager described Mr Faber’s address as “excellent, chilling stuff: good at putting you off lunch, but not something I can tell clients asking me about quarterly returns at the end of March”.
Dr Faber did offer a few more traditional investment tips, although their theme fitted his general mode of pessimism.
In Asia, particularly, he said, stock pickers should play on future food and water shortages by buying into companies with exposure to agriculture and water treatment technologies.
One of Dr Faber’s darker scenarios involves growing military tension between China and the United States over access to limited oil resources.
Today the US has a considerable advantage over China because it has free access to oceans on both coasts, and has potential energy suppliers to the north and south in Canada and Mexico.
It also commands an 11-strong fleet of aircraft carriers that could, if necessary, secure supply routes in a conflict situation.
China and emerging Asia, meanwhile, face the uncertainty of supplies that must travel from the Middle East through winding sea lanes and the Malacca bottleneck.
American military presence in Central Asia, Dr Faber said, may add to the level of concern in Beijing.
“When I tell people to prepare themselves for a dirty war, they ask me: “America against whom?” I tell them that for sure they will find someone.”
At the heart of Dr Faber’s argument is a fundamentally gloomy view on the US economy and its capacity to service a growing mountain of debt.
His belief, fund managers were told, is that the US is going to go bankrupt.
Under President Obama, he said, the country’s annual fiscal deficit will not drop below $1 trillion and could rise beyond that figure.
Arch bears have predicted that US debt repayments could hit 35 per cent of tax revenues within ten years.
Dr Faber believes that the ratio could easily hit 50 per cent in the same time frame.
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