Saturday, May 15, 2021

Chris Martenson – Everything is Speeding Up!

by Kerry Lutz, Financial Survival Network:

Chris Martenson returns to FSN… It’s not just the change that gets you, but the change in the changes. People don’t get what’s happening. Mass bird die off. People demanding a green new deal that they don’t really want. Imagine a world with no planes and autos. But what is obvious is that the chaos quotient is getting higher. You just have to look around and you’ll see what’s really going on.

Click HERE to Listen

GOING CASHLESS?? Someone Better Tell The Federal Reserve As Currency In Circulation Reaches New High

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by Steve St. Angelo, SRSRocco Report:

With all the talk about Central banks going “Cashless,” someone needs to tell the Federal Reserve. Why? Because the Federal Reserve just placed another large order for newly printed 2018 Dollars. Interestingly, the U.S. Treasury will print the largest number of $100 bills since it came out with the updated anti-counterfeit $100 bill in 2013.

Not only is the Federal Reserve ordering more bills to replace worn-out bills that will be taken out of circulation, but it will also add a percentage for the increased public demand.  And let me tell you, this demand continues to rise significantly.  For example, total U.S. currency in circulation is now $1.57 trillion, up nearly double from the $792 billion in 2007:

‘Powerful Enough To Do Whatever We Want’: A Journalist’s Escape From Socialist Venezuela, Part 1

by Luis Francisco Orozco, The Daily Caller:

This piece is the first installment of a two-part story. These articles document a Venezuelan journalist’s struggle to flee the failing state and survive in a place where journalists are often under serious threat of bodily harm. Some names have been changed in order to protect those involved.

It all started in 2014 on a rainy night in the Venezuelan city of Maracaibo, a couple of months after the detention of Venezuelan opposition leader Leopoldo Lopez. The nationwide protests and the violent events were a turning point in the country’s modern history.

‘We are going to have a horrible time,’ Jim Rogers tells Boom Bust as global debt skyrockets

from RT:

Central banks around the world will continue printing money as long as it’s necessary, says legendary investor Jim Rogers, calling it “madness.”

He talks to RT’s Boom Bust about the state of the global economy and what could be over the horizon. Never before in world history have interest rates been so low, Rogers says. The US’ central bank, the Fed, increased its balance sheet by over 500 percent in less than a decade. Japan’s central bank prints money and buys ETFs and bonds.

The Economic Tsunami IS COMING and Can’t be Stopped!!

from HighImpactFlix:

https://www.youtube.com/watch?v=56-xMZ1EIDg

Economic Contagion? Central Banks Are The Real Culprit

by Brandon Smith, Alt Market:

The mainstream news has been awash lately in talk over the danger of economic “contagion,” primarily due to lack of dollar liquidity in emerging markets. This lack of liquidity is being pegged as a trigger for instability in stocks, bonds and forex markets around the world, and this time around it is the nation of Turkey that is being called a potential trigger for a fiscal domino effect spreading through multiple countries.

We have heard talk of “contagion” before. Not long ago, Italy’s political shift toward a supposedly populist government led to fears of debt contagion within the European Union; this is still a valid concern, just not for the reasons the mainstream financial media usually presents.

Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze

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from ZeroHedge:

Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter. The purge was orchestrated by a new “supreme committee” to investigate public corruption created by King Salman but under the control of Crown Prince Mohammed bin Salman, who chairs the committee and is widely suspected of being the driving force behind the purge.

In addition to the arrests, two Royals have died since the purge began. Prince Mansour bin-Muqrin reportedly perished in a helicopter crash near the Yemen border earlier this week, and Prince Abdul Aziz bin Fahd – killed during a firefight as authorities attempted to arrest him.

For all the chaos, Saudi Arabia is benefiting from the climb in oil prices over the past week. However, signs of stress are showing up elsewhere in regional markets, as Bloomberg points out in a recent piece.

Many of the kingdom’s millionaires and billionaires – at least those who haven’t already seen their domestic and foreign accounts frozen by the government – fear that they might be next after WSJ revealed that MbS’s purge may be nothing more than a naked cash grab, as the paper reports that the kingdom is aiming to confiscate cash and assets worth as much as $800 billion.

So, they’re doing what any reasonable rich person would do given the circumstances; they’re liquidating their assets as quickly as possible and stashing their cash offshore until things quiet down.

Some Saudi billionaires and millionaires are selling investments in neighboring Gulf Cooperation Council countries and turning them into cash or liquid holdings overseas, the people said. They spoke on condition of anonymity because of the sensitivity of the matter. In Saudi Arabia, some are in talks with banks and asset managers to move money outside the country, the people said.

Until the surprise arrests of dozens of people last weekend, Saudi Arabia’s elite was the target of Deutsche Bank AG, UBS Group AG, Credit Suisse Group AG and other global banks seeking to manage their wealth. They now find themselves on the run in the face of a campaign that has targeted some of the kingdom’s most prominent princes, billionaires and officials.

Read More @ ZeroHedge.com

AS THE NATION REOPENS, SO GOES CASH? Will Covid-19 Hasten Our Move to Digital Payments?

by Dave Allen, The Gateway Pundit:

To some, however, a pandemic-triggered decline in cash is nothing to celebrate. Cash is an essential financial tool of the millions of Americans who either don’t have access to banks or credit cards, or who opt to not make use of them.

The retail apocalypse is coming. Stores have been closing their doors all over the country. And whether they’re inside a mall or on a standalone slab, many of those that are still open are saying no to cash.
Shoppers continue to switch their buying to Amazon and Walmart.com. Most of the restaurants that have stayed open won’t take cash, and they’re operating without any customer contact at all, requiring them to pay online before picking up their orders.

Strange Things Are Happening In The Waters Along The West Coast, And The Fish Are Starting To Disappear

by Michael Snyder, End Of The American Dream:

Something is causing the waters just off the west coast to heat up dramatically, fish are dying off in staggering numbers, birds that feed on those fish are also dying off rapidly, and scientists have discovered 15,000 holes in the ocean floor off the coast of California.  Oh, and scientists don’t know for certain why any of these things are happening.  Unfortunately, the mainstream media is not emphasizing this crisis, and so most Americans don’t even know what is going on.  But the truth is that what we are facing is extremely serious.  In fact, officials have taken the “unprecedented” step of shutting down the federal cod fishery in Alaska for the year because of the lack of fish.  We are seeing things happen that we have never seen before, and this is definitely going to affect our food supply.

‘Millionaires Tax’ in NY Likely a Done Deal, Expect a Big Exodus

by Mish Shedlock, The Street:

Progressives in New York have their eyes on what’s dubbed a Millionaires Tax. Let’s go over the details.
Millionaires Tax Slated to PassA proposal in the New York’s state legislature would hike the combined state and city taxes of top New York City earners from 12.7%. to 15.73%.

The bill is now expected to pass. It would leap the NYC over the top rates in California.