It’s not ‘The Art of the Deal’, it’s the science of bankruptcy.
It’s not ‘The Art of the Deal’, it’s the science of bankruptcy.
Dumping the dollar has some advantages for the U.S. and Americans.
For the United States there are two major issues about the U.S. dollar (USD) as the preeminent World Reserve Currency:
Today a friend asked me:
“Who do you follow for economic info that is TRUSTWORTHY??”
I think the question is very important, therefor I decided to reply with this post…
Pension funds are secretly meeting to cut pensions…
A elite government bonds trader discovered how money is created and grilled Janet Yellen with questions at dinner.
A week later he was fired.
We can see them and their devious plans…
Something BIG Is Happening Worldwide, But Few See, Hear, or Talk About It.
Phantom Profits, Financial Derivatives, and the Rise of Credit/Debt ultimately benefits a specific class – we can see where this policy leads.
Even economists are beginning to wake up to this wealth transfer and zombie corporations.
Governments with mountains of debt are resorting to tax hikes and austerity policies.
All pensions are threatened…
“They and other central bankers have become the standard bearers of a system that can best be described as a reverse Robin Hood scheme, one that takes from the poor and gives to the rich. It’s just that in this tale, the ‘poor’ means everybody not in the top 1%.” […]
“Virtually everybody in the bottom 95% is being economically and financially sacrificed to bail out the prior bad decision of the central banks and their associated governments. And as that’s deeply unfair, it breeds resentment. Psychology tells us that resentment breeds contempt. And once there, relationship are doomed to fail. Our leaders have broken their covenant with the governed, and the governed are increasingly pissed. Expect that simmering anger to boil over at some point.” -Peak Prosperity
It took a few months, but the Fed’s mouth-to-mouth resuscitation brought gasping investment banks and hedge funds and giant corporations back to life. Wall Street rejoiced.
But the Fed’s academic models never addressed one basic question: What happens to everyone else?
What Are Central Bankers So Afraid of?
Professional Investor, Michael Pento said “These are the most dangerous markets I have ever witnessed in my entire life. I have been investing more than 25 years”…
All of that local community capital flow has been intentionally wrecked by policy makers when central banks stopped the flow of capital to Main Street, to shove it into Wall Street (Government Bonds, Exchange Markets and Development Funds).
This is an engineered crisis.
Main Street is literally being starved…