The Debt Crisis & Economic Warfare are escalating.
Venezuelan president Nicolás Maduro asks citizens to invest in gold and its oil-backed cryptocurrency Petro:
The Debt Crisis & Economic Warfare are escalating.
Venezuelan president Nicolás Maduro asks citizens to invest in gold and its oil-backed cryptocurrency Petro:
“Venezuela’s sources of FX financing are limited, the sovereign last issued a global bond in 2011, and significant multilateral funding is not expected in 2015 – 2016.”
Belarus has twisted the knife into Moscow as the ruble continues to plummet.
“Minsk has demanded payment for future transactions in dollars or euros rather than rubles, according to state media agency Belta. ”
Belarus blocked online stores and news websites Sunday, in an apparent attempt to stop a run on banks and shops as people rushed to secure their savings.
“”The defense ministers of Kazakhstan and Belarus have approved a plan of cooperation for the next year.
The document defines the further steps to enhance cooperation in military and military-technical spheres, as well as in education and training areas.
Imangali Tasmagambetov and Andrei Ravkov believe in the need to strengthen cooperation in the defense sector.”
…learn about the forces behind the upcoming geopolitical and market events of 2014!
Lew wrote to G20 members voicing his concerns about bad debt in the Chinese financial system, which may threaten the global economy. Lou Jiwei responded that China’s shadow banking problem was less serious than western economies, since China’s shadow banking was still connected with the real economy; while the shadow banking products of western economies, such as CDS (credit default swap), have nothing to do with real economic activity.
… It’s literally like a nuclear bomb that could go off.
When a country intentionally tries to devalue its own currency, the very money in one’s bank account loses purchasing power.
Couple this to the fact that new policies are in place to enforce banks’ ability to confiscate depositor’s assets and you, as a bank depositor, would be foolish to not withdraw your savings…
If [wealth and liberty] economic freedom continues to fall, how will it affect your quality of life?