With total global debt surpassing $233 TRILLION in 2017, we are well down the path of destruction of all fiat currencies, the only question is this: How much time do we have left before the day of reckoning arrives? Patrick Donnelly, an Independent Director and Geologist for Harvest Gold joins me to discuss.
by Tom Knighton, Bearing Arms:
The National Firearms Act is an insidious piece of legislation that I desperately hope to one day see relegated to the proverbial trash heap of history. The idea that we, law-abiding citizens who have done nothing wrong, should have to beg for permission to arm ourselves with certain firearms is practically begging to be shot down.
I just don’t know if I’ll see it in my lifetime.
However, it does appear that Gun Owners of America is doing its part to make my dream a reality.
Through the lens of history the TRUTH has become perfectly clear: The enemies of humanity have usurped our monetary system, our education system, our media and our government. Now they are actively destroying our culture, innocence and – quite literally – our children. They have amassed so much power, they can also trigger the collapse of the US Dollar and our way of life, at will. Author Stefan Verstappen returns to SGTreport to discuss it all.
by James Corbett, The International Forecaster:
We’ve all seen some version of the following chart:
It purports to show the changeover in world reserve currencies from one era to the next, and tracks the rise (and fall) of the various colonial empires of the last several hundred years, from the Portuguese to the Spanish to the Dutch to the French to the British to good ol’ Uncle Sam. The implication is obvious: No empire lasts forever, and sooner or later that empire will fall, and with it the world reserve status of its currency.
“There will be disruptions and dislocations”, the end of the dollar will come, the only question is, will you be ready when it does, says Trade Genius founder Bob Kudla. Kudla says that once the Dollar is bypassed “we will see gold skyrocketing and the stock market crashing.” It’s time to get yourself prepared.
by Pepe Escobar, Asia Times:
The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks.
Argentina’s problem is mostly to do with the neoliberal austerity of President Mauricio Macri’s government admitting it won’t be able to fulfill payment targets agreed with the IMF less than three months ago.
by Jeff Thomas, International Man:
We’re all familiar with the term, “quantitative easing.” It’s described as meaning, “A monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.”
Well, that sounds reasonable… even beneficial. But, unfortunately, that’s not really the whole story.
When QE was implemented, the purchasing power was weak and both government and personal debt had become so great that further borrowing would not solve the problem; it would only postpone it and, in the end, exacerbate it. Effectively, QE is not a solution to an economic problem, it’s a bonus of epic proportions, given to banks by governments, at the expense of the taxpayer.
by Harley Schlanger, LaRouche PAC:
With only two months before the crucial midterm Congressional elections in the U.S., President Trump is spending about half his time holding rallies around the country, backing candidates who support his program, while denouncing the Democratic Party’s effort to make the election into a referendum for Trump’s impeachment. Candidates whom Trump has endorsed in the Republican primaries have won, even when they were behind in the polls to their Republican opponents before the endorsement, but the outcome of the November elections is unclear.