China Will No Longer Buy US Bonds. Are You Ready For A War?

First they  give you currency wars, then they give you trading wars and then they give you a hot war. We’re seeing the currency war between China and the US unfolding into the next step. China will no longer prop up the Dollar in what will be devastating of what is left of the US […]

While Rome Burns The Senators Are Partying!

Bartenders in Washington are telling us that while the US dollar is collapsing the Senators and MP’s are partying from as early as 9 am. Here are some quotes: I’m not over exaggerating when I say I can smell the booze wafting from members as they walk off the floor. — Ginger Gibson (@GingerGibson) September […]

While Obama Chairs The Collapse Of The Dollar, The Smiling Assassin Closes The Global Banker Take Over Deal!

“We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years……It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of […]

Max Keiser: The Dollar Will Collapse In 2013

Max Keiser on Press TV explains why the dollar  will collapse in 2013. He also explains what the tax hikes for  the $ 400.000 and over really mean and why inflation means that it means more poverty for the middle class. Here is another link giving more details about the fact that 77% of the […]

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

Most people here in Hobbiton are still of the persuasion that America will always be a superpower and that we are part of the biggest bestest empire ever. In fact John Key has us signed on to NATO and the US war machine to help conquer oil and gas fields liberate poor suppressed brown people […]

Back To The Banking Collapse: Prepare For Hyper Inflation or Perish!

Last week was important for several events. The verdict of the German High court and the Dutch elections but it turned out to be even more important for several other events which thanks to the eruption of violence against embassies all over the middle East as a reaction to an anti Muslim film which has […]

CNBC, finance and a New World Order

If John Key really came back to lead New Zealand to a better and healthier future he would explain how the banksters are stealing us blind with a fraudulent banking system and he would start to issue our own money rather than allow foreign banks to ride roughshot over us. But he doesn’t that alone […]

American Embassies Urged to Stockpile Local Currencies

I’m not even going to comment any more. A top investment advisor, Harry Schultz – who was MarketWatch’s Peter Brimelow pick for financial newsletter of the Year in 2008 – is now claiming: Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies […]

Many Predict US Financial Collapse in September

No Shit? Guess what, Europe is going with them. In Switzerland the banks are complaining that they have no more space for Gold bullion. Maybe their rich prick customers know something we don’t eh? Let us contemplate the day in the near future when the consequences of financial chicanery finally outpace the ability of the […]

Forecast: U.S. dollar could plunge 90 pct

RHINEBECK, N.Y., Nov. 19 (UPI) — A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said. “We are going to see economic times the likes of which no living person has seen,” Trends Research Institute […]

Iran urges ECO to drop dollar

The Iranian president calls on a regional economic body to abandon the US dollar in order to reduce the effects of the financial crisis. In a Tuesday speech to a meeting of the Economic Cooperation Organization (ECO), President Mahmoud Ahmadinejad said the 10-member group of Asian nations could adopt a single currency instead of the […]

Brazil, Argentina abandon US dollar

Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange. The two Latin American nations started the Payment System on Local Currency (SML) on Monday following a last month agreement inked by their presidents to use local currencies in a bid […]

U.S. market plunges to second worst day of year

(CNN) — Major U.S. stocks slumped Wednesday as an emergency loan to one of the world’s biggest companies stoked fears about the health of financial markets. Traders on the New York Stock Exchange saw big losses Wednesday especially in financial stocks. The Dow Jones industrials tumbled 449 points — its second worst day of the […]

China Dumps US Dollar Denominated Debt: Bank of China flees Fannie-Freddie

This is the absolute worst case scenario. China has been propping up the US economy for years, allowing it to wage wars and keep up consuming. For China to get rid of its US dollar denominated debt is a watershed action. The day of the total collapse of the western financial system is nigh. Bank […]

Economy at 60-year low, says Darling. And it will get worse

News Politics Economic policy Exclusive interview Economy at 60-year low, says Darling. And it will get worse Chancellor says Labour failing to communicate with voters Nicholas Watt, chief political correspondent The Guardian, Saturday August 30 2008 Article history Photograph: Junko Kimura/Getty images Britain is facing “arguably the worst” economic downturn in 60 years which will […]

Large U.S. bank collapse seen ahead

By Jan Dahinten SINGAPORE (Reuters) – The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world’s biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday. “The U.S. is not out of the woods. I […]

The Greenback Blues: Something’s Gotta Give

While NZ News papers deceive the punters with the optimistic news that the dollar is on the mend because it is going “up” against the dollar hoping that the kiwi’s will be stupid enough to believe it the reality is that the Euro is in freefall against the dollar. It is just a matter of […]

Record home losses in California

This is not a market correction, this is an economic meltdown. California foreclosures up 261% from ’07 levels Breaking: DataQuick reports today that foreclosures in California soared 33% from the first quarter to the second quarter of 2008, and are running 261% ahead of year-ago levels. More, from DataQuick: “Lenders started foreclosure proceedings on a […]

Foreclosures Rose 53% in June, Bank Seizures Tripled

July 10 (Bloomberg) — U.S. foreclosure filings increased 53 percent in June from a year earlier and bank seizures rose the most on record as deteriorating property values and higher rates on adjustable mortgages forced more people to give up their homes. More than 252,000 properties, or one in 501 U.S. households, entered a stage […]

Americans stash away 1.5 trillion dollars in tax havens

America is a dead man walking and the rich are squireling away trillions. Wealthy Americans are hiding about 1.5 trillion dollars in overseas tax havens in a “deceptive” partnership with top foreign banks such as UBS, resulting in 100 billion dollars in lost US tax revenue, a congressional probe was told Thursday. The hearing centered […]

Financial collapse edges closer

By Martin Hutchinson The financial crisis in the United States and worldwide entered a new phase this week, as Fannie Mae and Freddie Mac, the two huge US home-loan institutions, began what appears to be a “death spiral” similar to that which claimed Bear Stearns four months ago. Fannie and Freddie are unique institutions and […]

Manufacturers facing ‘perfect storm’

Manufacturers are in recession, facing a “perfect storm” of soaring costs and stalling sales. The last six-month period was the toughest for years and the downturn may carry on through the second half of the year, according to business leaders. The Business New Zealand/Bank of New Zealand manufacturers’ index of activity was 45.7 in June, […]

Real News: RBS issues global stock and credit crash alert

I would have thought that if the Royal Bank of Scotland issues a global stock and credit alert this should be on the front page of every newspaper in New Zealand. The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three […]

Real news: Morgan Stanley warns of ‘catastrophic event’ as ECB fights Federal Reserve

I would have thought that the fact that major banks are issuing crash warnings would be of real importance to New Zelanders. The clash between the European Central Bank and the US Federal Reserve over monetary strategy is causing serious strains in the global financial system and could lead to a replay of Europe’s exchange […]

Breaking: Worst June For Dow Since 1930

The worst June For Dow Since 1930. Does this spell it our for you? The great depression part 2 is on its way while New Zealand fiddles. U.S. stocks fell sharply Thursday with the blue-chip index enduring its worst June so far since 1930, and plunging to its lowest finish since Sept. 11, 2006, after […]

1 in 33 Homeowners Projected to Be in Foreclosure Within the Next Two Years

This will affect more than 9 million people. Man, women and children. New Report Highlights Actions States Are Taking To Help Mitigate The Mortgage Crisis And Urges Federal Legislation To Take State Efforts Into Account WASHINGTON, April 16 /PRNewswire-USNewswire/ — One in 33 homeowners is projected to be in foreclosure primarily over the next two […]

Endgame: Merrill sees U.S. giving nod for Gulf FX change

If the oil producing gulf states follow through on this it will mean that the US dollar will collapse since it no longer functions as the worlds reserve currency. It will be the end for the US economy with disastrous consequences. DUBAI (Reuters) – Merrill Lynch & Co said the United States has effectively given […]

Taxpayers’ bill leaps by trillions

John Key wants to borrow money so New Zealand can have a better infrastructure. While I’m sure that there are areas that could do with improvement it seems ludicrous to borrow money in times of world wide economic upheaval. If you think that the economy is going to get better any time soon, I have […]

Swiss National Bank announces new injection of U.S. dollar liquidity

ZURICH, Switzerland: The Swiss National Bank will offer up to US$6 billion (€3.8 billion) in short term credit to ease strains in jittery financial markets, the central bank said Friday. SNB’s move will come in an auction of so-called repo loans, or repurchase agreements, to renew a similar measure of US$6 billion made last month […]