Thursday , 13 June 2024

Banking

Introduction Of Chinese SWIFT System Would Cause Swift Decline of USD As World’s Reserve Currency – Here’s Why (+2K Views)

The U.S. holds great power over international monetary transactions via the SWIFT network system given the USD's world reserve currency status...It is entirely possible, however, that China and its closest partners might someday implement their own SWIFT system...The world's players could then choose between the two and, given the resentment that exists worldwide toward the U.S. for the bullying of FATCA, many would likely align with China in their SWIFT system. In doing so it would eliminate their need to comply with FATCA and other draconian U.S. demands [which might well bring about a swift] end to the U.S. dollar as the world's default currency.

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Bursting of Global Derivatives Bubble Will Be An Utter Nightmare (+3K Views)

Never before in the history of the United States have we been faced with the threat of such a great financial catastrophe but, sadly, most Americans are totally oblivious to all of this. They continue to have faith that their leaders know what they are doing, and they have been lulled into complacency by the bubble of false stability that we have been enjoying for the last couple of years. Unfortunately for them, however, this bubble of false stability is not going to last much longer and when the financial crisis comes it is going to make 2008 look like a Sunday picnic. Let me explain why I believe the aforementioned to be the case.

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Don’t Forget China When Formulating A Diversified Secure Financial Strategy (+2K Views)

It is well known that holding uncorrelated asset classes in our investment portfolio gives diversification benefits. In the same sense, diversifying among competing or rival countries or jurisdictions helps to maximize freedom by mitigating political risk. This article discuss the merits, and ease of, diversifying in a country that virtually all have never given a second thought, let alone an initial one.

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Bitcoin Will Trade for Under $10 by June 30, 2014! (+2K Views)

Bitcoin’s days are numbered - literally. Ex-Federal Reserve Bank examiner, Mark T.Williams even goes so far as to predict that Bitcoin will trade for under $10 by June 30, 2014. That's a bold prediction, no doubt, but the point is clear – Bitcoin doesn’t stand a chance at ever gaining widespread adoption.

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2 Shocking Revelations from the World Economic Forum in Davos, Switzerland (+2K Views)

Before you read the following excerpt from the notional ‘conclusions’ of the 2014 WEF – the supposedly profound and brilliant summary of the thoughts of these greatest minds - I suggest you: 1.drink several espressos to help keep you awake as you read and 2.have some of your favorite remedy for an upset stomach to calm your queasy innards after you finish reading the excerpt as its leaders, in fact, have not a clue as to how to guide us through the morass that is the global economy will leave you quite dizzy.

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Noonan: “Your Savings are in the Crosshairs of the World’s Bankers!” Got Gold – Physical Gold? (+2K Views)

Obama has introduced the MyRA account and it is the prelude for eventually taking over the country’s entire pension programs, taking over all the accounts, (stealing your lifetime savings), and exchanging them for the US Treasury Bonds the Fed cannot sell to countries anymore. This is the only way the US government can cover its trillion $ (and growing) deficit spending. Got gold- physical gold?

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