V'S ALERT 10/28/13-WESTERN BANKS DEFAULTING NOW!!!
Folks there is a reason that the entire western banking system (this includes Japan) is engaging in a full blown currency war. I have repeatedly stated that a currency war is nothing but a race to the bottom in which no one wins. In today’s global economy where hundreds of nations are facing a shrinking GDPs, the money that is out there is fighting for an ever modest piece of the profit pie.
In 2008 directly after the crash, America began on a road of debasing it’s currency. This prompted every other economic power in the world to do the same in order to stay competitive on trade. Many wrote this off as a reaction to an economic debacle that was caused by the popping of the sub-prime bubble. Nothing could be further from the truth.
Do you think that the entire global economy was brought down because of a few bad loans to people who could not afford them? Of course not! The issue is much deeper, we and pretty much the rest of the world following our lead have been in a pure fiat experiment over the last forty years or so.
What I am now going to state is going to shock you, the reason that every one in the west in involved in currency debasement/ currency manipulation is this: THE ENTIRE WESTERN BANKING SYSTEM IS DEFAULTING!!!! Yes you read that correctly, the west can no longer pay the piper and now they are going to debase their currencies in order to walk away form their debt obligations, making it easier for them to pay off their debt
While we brace ourselves over the coming charade that a looming February debt limit will bring yet again. You must understand that the US, the EuroZone, Japan and the UK are NOW defaulting together in stealth. The are all highly active in Quantitative Easing a euphemism for printing money. The Ponzi scheme is at an end and the vast amount of debt from unfunded liabilities and gambling debts (derivatives) simply can NOT be serviced.
Debasing IS DEFAULT via STEALTH and we ARE DEFAULTING NOW. I repeat THE US IS DEFAULTING NOW. The Chinese know this that is why they have been dumping our treasuries over the course of the past few years.
Do you understand that they have made destroying your wealth POLICY?!!! That is correct, I have stated that since 2008 over 400,000 pages of regulations have been passed to ensure that this destruction happens. In other words the collapse and default are written into law. You should read that again…The collapse and default is written into law. So snap out of the dream and enter back into the hard reality.
Folks one thing that history has shown is this, currency wars lead to shooting wars how the default of America will play out in China and the rest of the countries that hold our debt remains to be seen. You must engage NOW in activities that will protect your wealth and make the choices to ensure your financial health in the greatest transition of wealth in human history. America has a date with destiny and I firmly believe that we will NOT miss that date. It is a mathematical certainty. It is NOT a question of “if” it is “WHEN”
*Article in it's entirety can be accessed at www.RogueMoney.net*
Oct 28, 2013