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March 17th, 2011 | #1 |
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Currency Meltdown Coming
Currency Meltdown Coming
Greg Hunter USA Watchdog The situation in Japan is getting worse, not better. There are shortages in food, fuel and warm dry shelter. To make matters exponentially worse, nuclear power plants there continue to burn out of control and emit high levels of radiation. Japan is a stark reminder of how fast a modern technologically advanced society can be brought to its knees by an unforeseen calamity. On the other side of the Pacific, the devastating pictures from that island nation are taking the attention away from our own, much more predictable, calamity coming from a tsunami of debt. As the U.S. and other world governments continue to print money to keep the banks and system solvent, a ball of debt is growing. It is on course to swamp the system. In his latest report, Martin Armstrong, former Chairman of Princeton Economics and an expert in the study of economic cycles, said events happening in places like Japan or the Middle East are not the main issue the world is facing. Armstrong said, “This is coming at a time when governments are broke. We have state and local governments in a debt crisis and that meltdown is very real!!!!!!! Government is collapsing. That is the issue.” Armstrong says because of all the money created to bail out failing banks, gold is gaining in price. “This is not just inflation. We are on the verge of a currency meltdown this time,” said Armstrong. (Click here to read the latest report from Martin Armstrong.) The latest analysis from economist John Williams of Shadowstats.com agrees with Armstrong. |
March 18th, 2011 | #2 |
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Martin Armstrong is truly a genious.
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March 18th, 2011 | #3 |
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Armstrong Released from Federal Prison
His statement on his release from Federal custody. 1 page http://www.martinarmstrong.org/files...03-08-2011.pdf ========================================= This is an *unofficial site . Subscribe for updates at the official site ArmstrongEconomics.com. Martin Armstrong, America's #1 Political Prisoner, author of the Economic Confidence Model based on an 8.6 year business cycle theory inspired by the work of Nikolai Kondratieff. Martin Armstrong is currently in prison. Indicted in 1999 on charges of defrauding Japanese investors. He was in jail for seven years for contempt of court before pleading guilty in 2007 to the fraud charge for which he received an additional five year prison term. Armstrong claims his legal problems started when he failed to play ball with "The Club". His imprisonment is one of the longest under a contempt of court order without a trial. Coincidentally, prior to his guilty plea, his final appeal for release (relating to indefinate imprisonment for contempt of court) was denied by (recently promoted) U.S. Supreme Court Justice Sonia Sotomayor. Below are economic essays (pdf format) written in prison covering global economic history; future trends and first hand accounts of market manipulation by the largest financial institutions ("The Club") "untouchable" by the U.S. Justice System. Also included are the most recent court filings in connection with Armstrong's continuing quest for due process denied him by that same U.S. Justice System. http://www.martinarmstrong.org/economic_projections.htm |
March 18th, 2011 | #4 | |
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Oh gee, the average American is going to potentially lose his two paychecks worth of savings.
Quote:
Last edited by Hudson; March 18th, 2011 at 12:36 PM. |
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March 18th, 2011 | #5 | |
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I am curious to see what will happen end of May early April when they will vote to raise the debt ceiling yet another time... If the currency collapses and we are fighting for bread in the street I hope Americans know to which synagogue to aim their weapons.. |
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March 18th, 2011 | #6 | ||
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Don't hold your breath... Quote:
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March 18th, 2011 | #7 | |
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Smoky, not to discredit you but why do you just post lincs and the some quotes from the linc? Are you a robot? Don't you have some own thoughts? It's hollow to just post lincs. Not so meaningfull. |
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March 18th, 2011 | #8 | |
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I am not familiar with Armstrong writings, so there is not much that I can comment in regards to them. However, I do see the US dollar entering a classic crack-up, possibly by June/July of this year at the earliest. |
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March 18th, 2011 | #9 |
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March 18th, 2011 | #10 | |
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Have a nice weekend. |
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March 18th, 2011 | #11 | |
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Just looking at a few websites that cover the markets this morning, I get the impression that the next ten days will determine how the dollar will do in the months ahead. It is a given that most people in the markets today already know that the Jews are manipulating the currencies. The only question now is when will the house of cards fall? |
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March 18th, 2011 | #12 |
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Do you Paultards even realize that a weak dollar would actually be beneficial to the American economy?
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March 18th, 2011 | #13 |
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March 18th, 2011 | #14 |
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http://af.reuters.com/article/metals...7EE2EU20110318
FACTBOX-Japan quake impact on energy, commodities and ports Fri Mar 18, 2011 7:40pm GMT Print | Single Page[-] Text [+] March 18 (Reuters) - The following is a roundup of the effect on the energy and commodities sector of the earthquake and tsunami that struck the northeast coast of Japan. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Japan quake impact on commodities link.reuters.com/kuw58r PDF of Reuters reports: link.reuters.com/bum58r Utility, refinery, smelter, port status: [ID:nL3E7EF1CF] FACTBOX of analyst views [ID:nL3E7EF0BX] TAKE A LOOK quake impact on commodities [ID:nLDE72A217] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> UTILITIES - White smoke or steam rises from three reactors, Nos. 2, 3 and 4, at the quake-damaged Fukushimi Daiichi nuclear plant in northeastern Japan. - Japanese Safety Agency aims to restore electricity to reactors No. 3 and 4 by Sunday. - Power blackouts can be avoided in the Tokyo area if demand stays at the current level, the trade ministry said. - Tokyo Electric Power (9501.T: Quote) says radioactivity levels at the earthquake-crippled Daiichi nuclear facility are declining. - TEPCO declares force majeure on some coal vessel deliveries due to outages at its coal-fired plants. - TEPCO has announced rolling blackouts after its power generation was cut. - Japanese utility Tohoku Electric (9506.T: Quote) declares force majeure on its near-term thermal coal shipments due to port damage. - TEPCO 350-MW No.2 unit at the Ohi power station in Tokyo plant remains closed. REFINERIES - JX Nippon Oil & Energy Corp, an oil refining unit of JX Holdings (5020.T: Quote), boosts oil product output at two refineries in western Japan by 30,000 barrels per day in the wake of a supply shortage in the east of the country. - Oil product output in Japan will recover to 3.4 million barrels per day by the end of March, a level above domestic demand, as idled refineries resume operations, said an oil industry body. - The government has asked 13 refineries in operation in West Japan to boost their running ratio to help ease the supply shortage. - JX Holdings (5020.T: Quote) is in talks with South Korea and China on oil products imports to help Japan meet its energy needs. - AOC Holdings (5017.T: Quote) says its refiner Fuji Oil Co has increased runs at the two fluid catalytic cracking units at its 140,000 bpd Sodegaura refinery after briffly reducing operations after the earthquake. - Three Japan-bound naphtha shipping fixtures from the Middle East, totalling 205,000 tonnes, fails to be completed due to the shutdown of several Japanese crackers. - Valero Energy (VLO.N: Quote) said it is ready to supply refined products, such as gasoline and diesel, from its U.S. West Coast refineries to Japan. - JX Holdings says the refinery of subsidiary Kashima Oil Co remains shut. - JX Holdings declares force majeure on its refined product supplies as its stocks are depleted and distributions disrupted. The company is working to boost output at its refineries that are still operating and diverting products to domestic use instead of exports to meet a supply shortfall. - Maruzen Petrochemical Co Ltd shuts its sole naphtha cracker in Chiba, east of Tokyo, with capacity to produce 480,000 tonnes per year of ethylene. - Kyokuto Petroleum has restarted its 175,000 barrels per day (bpd) Chiba refinery. - JX Holdings shuts its 404,000 tonnes per year Kawasaki naphtha cracker near Tokyo. - Japan's Exxon Mobil (XOM.N: Quote) group refiner TonenGeneral Sekiyu KK (5012.T: Quote) prepares to restart its 335,000 barrels per day Kawasaki plant, near Tokyo. - Mitsubishi Chemical (4188.T: Quote) halts two naphtha crackers at its Kashima plant after a power outage. LNG - Analysts say Japan may need to import about an extra 1 billion cubic feet of liquefied natural gas per day to make up for its lost nuclear power. Asian spot prices have risen by around 10 percent since the quake on expectations of higher demand. - Royal Dutch Shell (RDSa.L: Quote) said on Friday two extra shipments of LNG from a Brunei plant have unloaded in Japan. - Indonesia may export surplus LNG to Japan. Energy officials could not say how much gas was available from a field operated by Total (TOTF.PA: Quote), but one government minister said the decision would go up to the president, given Indonesia is trying to conserve LNG for its own growing domestic demand but also please Japan, a major infrastructure investor. - South Korea said on Friday Korea Gas Corp (036460.KS: Quote), the world's top corporate buyer of LNG, would supply 400,000 to 500,000 tonnes to Japan. - Top exporter Qatar says it is ready to increase shipments to Japan, its long-term buyer. - Energy trading house Vitol has offered two cargoes of LNG to Japan's Tokyo Electric Power Co (TEPCO) (9501.T: Quote). METALS - China's term shipments for refined copper from Japan may stay normal in March and April, though May and June remain a question mark after a massive quake forced some Japanese copper producers to stop production - Toho Zinc Co (5707.T: Quote) stops operations at its 139,200 tonnes per year Annaka zinc smelter and Onahama plant, which is used to treat zinc for smelting. - Japanese steel mills divert metallurgical coal cargoes due to plant outages. Possible destinations for the coal include South Korea and China. - Production at JFE Steel Corp's 10-million-tonne per year Higashi Nihon plant is still halted due to power outages. JFE Steel (5411.T: Quote) is the world's No. 5 steelmaker. Fourth-ranked Nippon Steel has suspended operations at one small plant. - Sumitomo Metal Industries Ltd (5405.T: Quote), Japan's No. 3 steelmaker, says production at its main Kashima plant in Ibaraki prefecture remains suspended. - Sumitomo Metal's main Kashima plant has a fire in a gas holder, which has been extinguished but the company says it does not know yet when the plant will resume operations. Sumitomo Metal has a total capacity of 14 million tonnes a year and the Kashima plant produces 8.3 million tonnes. - Nippon Steel's small Kamaishi plant, which had produced 60,000 tonnes a month of downstream steel products, remains shut. The company has resumed operations at a small seamless steel plant in Tokyo after briefly shutting it on Monday due to rolling power outages. PORTS - Two piers at the medium-sized Onahama seaport in Fukushima prefecture are now available for 30,000 tonne vessels. - Two smaller seaports further up the coast, Miyako in Iwate prefecture and Hachinohe in Aomori prefecture, will restore functions by the end of Thursday. - Japan's Sendai Gas says it will likely take more than a month to restart its Shinminato liquefied natural gas facility. All the remaining LNG terminals in Japan are in operation. - Three Japan-bound naphtha shipping fixtures from the Middle East, totalling 205,000 tonnes, fail to be completed after last week's quake forced the shutdown of several Japanese crackers. - The northeast coast ports of Hachinohe, Sendai, Ishinomaki and Onahama are so severely damaged that they are not expected to return to normal operations for months. - Hachinohe handles a wide variety of goods, including fuel products to the local fishing fleet and U.S. military installations in Japan and South Korea. Other ports handle goods ranging from coal and rubber to LNG and machinery. - The large container and oil port of Kashima is also closed, but officials expect four out 11 berths to resume operations in two weeks. - Other damaged ports include Hitachinaka, Hitachi, Soma, Shiogama, Kesennuma, Ofunato, Kamashi and Miyako. The ports handle products ranging from sugar and non-ferrous metals to cars and wood products. - Japan's top crude oil and LNG port Chiba resumes some operations with only one terminal, operated by Cosmo Oil, currently shut. - The quake has damaged or destroyed three dry bulk vessels operated by Nippon Yusen Kaisha (9101.T: Quote), one from Kawasaki Kisen Kaisha (9107.T: Quote) and one from Mitsui O.S.K. Lines (9104.T: Quote). (Compiled by Randy Fabi in Singapore and David Sheppard in New York) © Thomson Reuters 2011 All rights reserved ====================================================== China Raises Bank Reserve Requirement for Third Time in 2011 on Inflation By Bloomberg News - Mar 18, 2011 9:00 AM PT http://www.bloomberg.com/news/2011-0...next-week.html
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March 19th, 2011 | #15 | ||
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A collapsed dollar would be beneficial to the world. These kikes have spent near a century now trying to prop up and animate the titan real Americans were molding it into just becoming before they took it over. But the graffiti they've left on that statue has left it worthless, and it must be smashed. The odds of people in the year 3000 opening their history books and seeing: Quote:
In this, I mean that only in this era would whites like David Puke and Kevin MacDonald say words like 'true equality', or only speak of stopping affirmative action, not needing multicultural reversal. These people think they are important in history. They never will be if they continue to kowtow to the present and work within it's borders. A man of history would say the clear truth: A.) Take back power, B.) Expel all non-whites and make the west a paradise of pure growth and birthrate for the white peoples once again. And if any of them really had any damned balls and historical character, they'd look at the world map, look at the size of Europe, and get ready to go conquer some of that wasted fucking land, wipe out the peoples, and in 100-200 years the world population of whites would be 60% rather than 8-9 it is now. But the establishment right now that exists for 'security of the chosen world empire' (i.e.: the ADL and those others that are in bed with the 'governments') make it their primary mission to thwart exactly what would be needed to change the situation. The only difference between today's paralysis and every revolution of yesterday, is the mob that participated in yesterdays revolutions weren't being yelled at through a megaphone "YOU ARE A RADICAL! YOU ARE AN OUTCAST OF SOCIETY! EVERYONE! LOOK AT THESE PEOPLE! THEY ARE IMMORAL AND TERRIBLE!"; and the leaders weren't pulling their little skirts down their legs saying 'hehe, I wonder if we can get away with this, I wonder if they'd give us this much, hehehehehe'. That's how I feel when I read all of these cunty 'intellectuals'. Everyone who stands at that river between being part of the anti-white slavery status quo, and becoming overtly for a pro-white cause, looks at the other side of the river, looks at the current group, and shouts 'What are you fighting for?!'. And when Kevin MacDonald, or David Duke, or whoever, shouts back the world they envision for their efforts, the fight just is not worth it. They know their enemies are strong and ruthless, while their own leaders flap their pens in their limp wrists about 'what would be fair'. It is only human nature that the incentive must coincide with the required struggle, or the effort will not be made. WN's problem is that it's 'picture-painters' always paint a shit picture. Think the U.S. Revolution would've gone very far if Britain had some mass-media TV hypnosis beaming straight into the brains of all of the American mob? Or if they were threatened to lose their farms and livelihood if they joined Washington and his boys? The U.S. Revolution would not have happened with the level of mob-control in place today. Allow me to impart an ultimate law of history: The mobs primary virtue is present vanity; This is the key difference between leaders and the mob. There are historical men that we read today who were alienated and ostracized in their time, because they spoke the ultimate truth, and the state or the media used its position to influence public opinion; i.e. 'whoever joins them is bad'. Look at the majority of white women and men today who flips out at 'racism'. These same mob go-bots would claim they were born with such feelings, yet they ignore the fact that they and their own siblings and children at a young age stared awkwardly at people who looked alien at the grocery store; this is how intelligent the mob is. Every revolution that ever happened with the mob behind it, it was because the leaders appealed to their present vanity, their ego, strongly enough. Who controlled the media when Tsar Nicholas was overthrown by the Jew-laden communist movement in Russia? While Nicholas sat there and thought 'Why do they suddenly hate me?', a blind go-bot mob intoxicated on a media and public aura with nearly no competition was telling them what would boost their vanity points, and Nicholas and his whole family was slaughtered. With the mob, it is never about what makes sense; it is about what is 'in'. The young naive white girl thrown into a situation where all of her white friends are flirting with niggers, will sooner flirt with niggers herself than be 'some weirdo'. The young naive white man, who sees the media prop up the alpha male as someone who wears a fucking hideous 'Affliction Shirt', will go pay $50 bucks for an Affliction Shirt and race home to take a photo of him making a fucking 'Duck Face' in his bathroom mirror while giving a peace sign to put on his facebook. Everywhere you look, you see how manipulable the mob is. Don't call whites by and large intelligent, they are not. It is never about the mob, it is never a battle between the mobs; it's always a battle between the leaders. And white leaders right now are speaking like the mob of the past. And I promise you, everywhere you look within this WN web-activism monstrosity, where you see people strongly attacking the clear enemy who attacks the dying Goddess of the West psychologically every day, and where that same white appeals to our egos that we are great, that we should not be pushing for some 'equality', that we should be dictating our own damned terms, our self-determination', that man gets thumbs up, and his words are sought for and waited for, rather than these weasels who trying and say 'well we have to be fair'. This shit is borderline entertainment and fantasy at this point. May as well make it fun. Last edited by P.E.; March 19th, 2011 at 07:38 AM. |
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March 19th, 2011 | #16 |
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The bad guys usually are holders of doctorates. How much cock of various flavors must one suck in order to become a PhD? A doctorate is a status symbol/union card of the establishment. It means- I am a big shot, on their terms. It is the opposite of radicalism.
There is lots of appeasement. Doctor Duke dedicates a book to jew Israel Shahak. He lies when he says the Naturalization Act of 1790 allows entry to "free christians." (It actually says "free White persons"). |
March 19th, 2011 | #17 |
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No, it is not. It is the reserve currency of the world. The same way that gold used to be the world reserve currency.
Since there are more dollars outside of the U.S.A. than inside, I don't think it would be beneficial for them to lose the wealth they have stored in those dollars. Not to mention the fact that if the dollar is weak, that makes our manufactured goods are less expensive to foreigners compared to other countries. But you see, the financial lords will not let the dollar get that weak. The system is rigged so that china will always be able to export for less than the states. |
March 19th, 2011 | #18 |
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The dollar is going down. Period.
Hudson said,
"Not to mention the fact that if the dollar is weak, that makes our manufactured goods are less expensive to foreigners compared to other countries. But you see, the financial lords will not let the dollar get that weak. The system is rigged so that china will always be able to export for less than the states." You can only shit in the ice cream so much before it stops being ice cream. US manufactured goods? Which exactly would those be? Boeing. Caterpillar. The big 3 car makers. US manufacturing capacity is what % of the US economy? 18.5%, or less than $3 trillion per year. How low will the USD need to fall before paying gooks, spics and nogs in other countries will be more expensive than than paying US workers? The answer to that is too far; the amount that the dollar would need to fall to save the nation through an increase in manufacturing exports would kill all US Treasury/Federal Reserve debt purchasing, not to mention killing other parts of the economy. The corupt US government is STILL allowing US factories to be shipped over seas, AND letting in muds hand over fist. There is a big reset coming. The economy will continue to dip and restabilize at a lower level until the party stops. The Chinese and the Saudis will not keep buying federal reserve jew notes forever. Anybody who thinks the USD will be significantly more meaningful than the Mexican peso after the next 10 years is dreaming.
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March 19th, 2011 | #19 |
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The dollar is going down, RELOADED (no rambling this time)
Is the game rigged? Yes sir.
Are many of the worlds currencies being manipulated by bad governments, big businesses, and big banks (the satanic trinity)? Yes sir. Are the effects of 50 years worth of dumb shit that these banks, governments, and big businesses have produced going to collapse the rigged system. Without a doubt; yes. The only hope to reform the current system is to replace the satanic trinity, and there is little chance of that. The best hope for White patriots is to be outside the system; in control of our own food production, security, land, eduction, and so on (to control our own communities). Will it be a long ride to that collapse? Maybe.
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March 19th, 2011 | #20 |
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The corupt US government is STILL allowing US factories to be shipped over seas, AND letting in muds hand over fist.
Un-Quote TPTB know what they want, as to pertaining towards the remaining White population IMO. Between the Patritards, Evanjellycull's, Leftard's with the howling turd Worlder's telling US about their rightz, then there will no one left that fully understand's what the Bill Of Rights mean. Mr. Paul Craig Roberts has stated were are now surf's to this regime.
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