News — gold

Is There A Little-Known "X-Date" For The Dollar Debt Bomb?

Posted by Dirk Watters on

China is expected to launch its first yuan-denominated oil contracts next month, and that will mark the beginning "X-Date" for the dollar kill switch. Summary: The US dollar enjoys a special privilege in the world due to its dominance in the global oil trade. The agreement that created this dominance was predicated on the United States being the largest oil importer in the world, which is no longer the case. China is rolling out a new gold-backed yuan oil contract next month as part of its attempt to replace the US dollar's dominance. If the dollar loses its privileged status,...

Read more →

Did The FED Rig The Financial Markets?

Posted by Dirk Watters on

For many decades, the Federal Reserve has rigged the bond market by its purchases of mortgage backed securities. And for about a century, central banks have set interest rates (mainly to stabilize their currency's exchange rate) with collateral effects on securities prices. It appears that in May 2010, August 2015, January/February 2016, and currently in February 2018 the Fed is rigging the stock market by purchasing S&P equity index futures in order to arrest stock market declines driven by fundamentals, and to push prices back up in keeping with a decade of money creation. No one should find this a...

Read more →

This Is The Top Risk To The World In 2018 According To Experts

Posted by Dirk Watters on

President Trump slammed China over reported North Korea oil sales and a pentagon insider issued an ominous warning of a coming "kill-switch" for the US Dollar. Caught RED HANDED - very disappointed that China is allowing oil to go into North Korea. There will never be a friendly solution to the North Korea problem if this continues to happen!— Donald J. Trump (@realDonaldTrump) December 28, 2017 President Trump slammed China over the country's illegal oil sales to North Korea, saying they've been caught "RED HANDED" and warning such incidents could diminish the odds of a "friendly solution". U.S. spy satellites...

Read more →

Bitcoin THREATENS Global Currencies

Posted by Dirk Watters on

Russian president Vladimir Putin is master spy and a professional liar, which means he knows a lie when he hears one… And Head IMFer Christine Lagarde told a whopper at the 20th Anniversary of the Bank of England Independence Conference in London on September 28, 2017. She opened with a soft fib about Bitcoin and cryptocurrencies in general when she offered that cryptocurrencies may pose a challenge to “in the future” (whenever that is or might be). But, like any good globalist politician, she speaks several languages fluently, out of both sides of her mouth… Lagardes’ BIG LIE: “For now,...

Read more →

Will Congress Target Your Retirement Wealth?

Posted by Dirk Watters on

If you’re working hard and saving for retirement by putting money into in your 401K or traditional IRA… The GOP wants you! Not just as a voter, but as a taxpayer. Yep, the GOP wants you to pay more taxes today… And save much less for retirement tomorrow. Why? Mocking Trump’s middle class tax cut Because Donald Trump wants to cut taxes for the middle class to stimulate real growth in the economy… The way President Kennedy did in 1963 and Ronald Reagan did in the 1980s. Both tax cuts worked very well. The difference is that today’s GOP doesn’t...

Read more →