[MONEY] tick tock, time's nearly up ... “this is a no-brainer”
Not content to wait for China's oil←→yuan futures contracts and bullion exchange services to start, various countries including Russia and Iran have jumped the U$D gun to sell their oil for yuan regardless …… TL;DR quotes below; ;; ; ;;;; ;; ;;; ; ; ;;; ;; Gold Will Soar… As China Kneecaps the Dollar And if it does Russia stands to benefit immensely http://russia-insider.com/en/gold-will-soar-china-kneecaps-dollar/ri21977 … Dr Ron Paul paraphrased: ‘we’ll know the dollar-centric monetary system is on its way out when countries start trading oil for gold instead of dollars.’ … “I spoke with officials at the Shanghai International Energy Exchange. They told me they plan to go live with it before the end of the year, or shortly thereafter.” … “In October 2000, Saddam started to sell Iraqi oil in euro only. He said Iraq would no longer accept dollars for oil because it did not want to deal in the “currency of the enemy.” A little over two years later, the US invaded Iraq. After Baghdad fell to US forces, all Iraqi oil sales were switched back to dollars.” … “The dollar is not just a currency. It’s a political weapon… and Washington is not shy about using it.” … “The Saudis are clearly setting up the option to dump the petrodollar. If the Saudis start to sell oil to China in yuan, it would kill the petrodollar overnight. Short of that, things still look very dire for the petrodollar.” … “The increased demand for gold from China’s “golden alternative” to the petrodollar is going to shock the gold market. And this demand shock clearly hasn’t been priced into the gold market yet.” …
"All the hallmarks" "something's gotta give" "imminent slaughter" http://www.zerohedge.com/news/2017-12-18/these-are-darkest-hours "These Are The Darkest Hours..." "but reality wants to do its thing regardless of our wishes, hopes, and pretenses, and you can kind of see how these moves taken in the dark waning hours of 2017 will play out in the quickening weeks of 2018" "The addiction metaphor does apply to America. We are simply addicted to our own bullshit." "The smoldering wreckage of The World’s Highest Standing of Living will be visible in a 360-degree panorama" http://www.zerohedge.com/news/2017-12-18/730-2-days-meet-big-data-ai-blockch... LFIN Crashes After-Hours When CEO Admits "We Don't Deserve This Market Cap" "LFIN had a market cap over $10 billion at today's highs" "all bets are off" "After its 7th halt of the day, LFIN reopened and instantly collapsed by over 50%" "now up over 500% today"
On Tue, Dec 19, 2017 at 02:37:59PM +1100, Zenaan Harkness wrote:
"All the hallmarks"
"something's gotta give"
"imminent slaughter"
http://www.zerohedge.com/news/2017-12-18/these-are-darkest-hours "These Are The Darkest Hours..." "but reality wants to do its thing regardless of our wishes, hopes, and pretenses, and you can kind of see how these moves taken in the dark waning hours of 2017 will play out in the quickening weeks of 2018" "The addiction metaphor does apply to America. We are simply addicted to our own bullshit." "The smoldering wreckage of The World’s Highest Standing of Living will be visible in a 360-degree panorama"
http://www.zerohedge.com/news/2017-12-18/730-2-days-meet-big-data-ai-blockch... LFIN Crashes After-Hours When CEO Admits "We Don't Deserve This Market Cap"
"LFIN had a market cap over $10 billion at today's highs" "all bets are off" "After its 7th halt of the day, LFIN reopened and instantly collapsed by over 50%" "now up over 500% today"
For those considering BTC their post apocalyptic saviour, consider possible consequences of the actual, real live USD collapse looming right around the corner: For example, let's say the 1929-levels of stockmarket bullishness seen in the DOW etc today, turns into a 1929-level bear stampede ... into BTC? As in, TX at up to weeks, and then you have thousands of brokers piling in to BTC as it stands, and TX grinds to a many months halt? Perhaps BCH or ETH will fare better? Regardless, things are gonna change ... some chickens are close to coming home to roost¦‖⦂: America Is Beaten - and the World Knows It http://russia-insider.com/en/america-beaten-and-world-knows-it/ri21928?ct=t(Russia_Insider_Daily_Headlines11_21_2014)&mc_cid=b6374d2770&mc_eid=5110f4b440 … “It is always about debt. When nations take on a central bank, and all central banks are foreign owned, all controlled by the Rothschild family, their institutions crumble, the family, religion, their government, the courts, their media, all are targeted.” …
On Thu, Dec 21, 2017 at 02:46:00PM +1100, Zenaan Harkness wrote:
On Tue, Dec 19, 2017 at 02:37:59PM +1100, Zenaan Harkness wrote:
"All the hallmarks"
"something's gotta give"
"imminent slaughter"
http://www.zerohedge.com/news/2017-12-18/these-are-darkest-hours "These Are The Darkest Hours..." "but reality wants to do its thing regardless of our wishes, hopes, and pretenses, and you can kind of see how these moves taken in the dark waning hours of 2017 will play out in the quickening weeks of 2018" "The addiction metaphor does apply to America. We are simply addicted to our own bullshit." "The smoldering wreckage of The World’s Highest Standing of Living will be visible in a 360-degree panorama"
http://www.zerohedge.com/news/2017-12-18/730-2-days-meet-big-data-ai-blockch... LFIN Crashes After-Hours When CEO Admits "We Don't Deserve This Market Cap"
"LFIN had a market cap over $10 billion at today's highs" "all bets are off" "After its 7th halt of the day, LFIN reopened and instantly collapsed by over 50%" "now up over 500% today"
For those considering BTC their post apocalyptic saviour, consider possible consequences of the actual, real live USD collapse looming right around the corner:
For example, let's say the 1929-levels of stockmarket bullishness seen in the DOW etc today, turns into a 1929-level bear stampede ... into BTC? As in, TX at up to weeks, and then you have thousands of brokers piling in to BTC as it stands, and TX grinds to a many months halt? Perhaps BCH or ETH will fare better?
Regardless, things are gonna change ... some chickens are close to coming home to roost¦‖⦂:
America Is Beaten - and the World Knows It http://russia-insider.com/en/america-beaten-and-world-knows-it/ri21928?ct=t(Russia_Insider_Daily_Headlines11_21_2014)&mc_cid=b6374d2770&mc_eid=5110f4b440 … “It is always about debt. When nations take on a central bank, and all central banks are foreign owned, all controlled by the Rothschild family, their institutions crumble, the family, religion, their government, the courts, their media, all are targeted.” …
Tick. Tock. Did I mention tick tock? Q4 2018 is looking exciting, for “all hell breaks loose” values of exciting :) (not sure how to do a chagrined grin in emoji). https://www.zerohedge.com/news/2017-12-29/greatest-bubble-ever-why-you-bette... The Greatest Bubble Ever: Why You Better Believe It - Part 1 …In the first instance, the market is not merely complacent; it is insouciant-----indulging in an eye-wide-shut orgy of recklessness that truly has no parallel, not even the mania of 1927-1929. That's implicit in Wall Street's dismissal during 2017 of two fundamental policy messages that emerged from Washington officialdom. These signals strike at the very heart of the current stock market mania and scream-out "rising yields ahead" to a casino that has "priced-in" ultra-low interest rates as far as the eye can see. To wit, the Fed is now on automatic pilot---set to drain cash from the canyons of Wall Street at a $600 billion annual rate by Q4. At the same time, the political goulash known as Trumpian government has thrown fiscal caution entirely to the winds, and has essentially now enacted the most asinine fiscal borrowing spree known to history. As we have recently pointed out, ground zero of the impending bond market conflagration is FY 2019, which incepts exactly 276 days from now during the same window of time (Q4) as the Fed hits full stride on its bond dump-a-thon. Yet on top of CBO's most recent but now obsolete FY 2019 deficit deficit projection of $700 billion, the Trumpian GOP is adding $200 billion for defense, disasters, border control, ObamaCare insurance bailouts and other domestic boodle; and on top of that, now comes its vaunted front-loaded tax cut, which will rip $280 billion out of Uncle Sam's revenue collections in the same year. Then, throw in $100 billion extra for interest on the higher debt and off-budget borrowing (e.g. $80 billion for student loans). What you get is Uncle Sam fixing to sell $1.28 trillion of debt---equal to 6.2% of projected GDP---at the same time the Fed is dumping another $600 billion of existing treasury and GSE paper. Folks, they most assuredly did not repeal the laws of supply and demand. …
The tick (and the tock by the way) are ticking and tocking away ... 2018, the year of Gold winning. Is China Days Away From Killing The Petrodollar? https://www.zerohedge.com/news/2018-03-21/china-days-away-killing-petrodolla... A bass line to party to for the new golden age :) http://www.youtube.com/watch?v=kitJbv8mTnI On Sat, Dec 30, 2017 at 06:51:08PM +1100, Zenaan Harkness wrote:
On Thu, Dec 21, 2017 at 02:46:00PM +1100, Zenaan Harkness wrote:
On Tue, Dec 19, 2017 at 02:37:59PM +1100, Zenaan Harkness wrote:
"All the hallmarks"
"something's gotta give"
"imminent slaughter"
http://www.zerohedge.com/news/2017-12-18/these-are-darkest-hours "These Are The Darkest Hours..." "but reality wants to do its thing regardless of our wishes, hopes, and pretenses, and you can kind of see how these moves taken in the dark waning hours of 2017 will play out in the quickening weeks of 2018" "The addiction metaphor does apply to America. We are simply addicted to our own bullshit." "The smoldering wreckage of The World’s Highest Standing of Living will be visible in a 360-degree panorama"
http://www.zerohedge.com/news/2017-12-18/730-2-days-meet-big-data-ai-blockch... LFIN Crashes After-Hours When CEO Admits "We Don't Deserve This Market Cap"
"LFIN had a market cap over $10 billion at today's highs" "all bets are off" "After its 7th halt of the day, LFIN reopened and instantly collapsed by over 50%" "now up over 500% today"
For those considering BTC their post apocalyptic saviour, consider possible consequences of the actual, real live USD collapse looming right around the corner:
For example, let's say the 1929-levels of stockmarket bullishness seen in the DOW etc today, turns into a 1929-level bear stampede ... into BTC? As in, TX at up to weeks, and then you have thousands of brokers piling in to BTC as it stands, and TX grinds to a many months halt? Perhaps BCH or ETH will fare better?
Regardless, things are gonna change ... some chickens are close to coming home to roost¦‖⦂:
America Is Beaten - and the World Knows It http://russia-insider.com/en/america-beaten-and-world-knows-it/ri21928?ct=t(Russia_Insider_Daily_Headlines11_21_2014)&mc_cid=b6374d2770&mc_eid=5110f4b440 … “It is always about debt. When nations take on a central bank, and all central banks are foreign owned, all controlled by the Rothschild family, their institutions crumble, the family, religion, their government, the courts, their media, all are targeted.” …
Tick. Tock. Did I mention tick tock? Q4 2018 is looking exciting, for “all hell breaks loose” values of exciting :) (not sure how to do a chagrined grin in emoji).
https://www.zerohedge.com/news/2017-12-29/greatest-bubble-ever-why-you-bette... The Greatest Bubble Ever: Why You Better Believe It - Part 1
…In the first instance, the market is not merely complacent; it is insouciant-----indulging in an eye-wide-shut orgy of recklessness that truly has no parallel, not even the mania of 1927-1929.
That's implicit in Wall Street's dismissal during 2017 of two fundamental policy messages that emerged from Washington officialdom. These signals strike at the very heart of the current stock market mania and scream-out "rising yields ahead" to a casino that has "priced-in" ultra-low interest rates as far as the eye can see.
To wit, the Fed is now on automatic pilot---set to drain cash from the canyons of Wall Street at a $600 billion annual rate by Q4. At the same time, the political goulash known as Trumpian government has thrown fiscal caution entirely to the winds, and has essentially now enacted the most asinine fiscal borrowing spree known to history.
As we have recently pointed out, ground zero of the impending bond market conflagration is FY 2019, which incepts exactly 276 days from now during the same window of time (Q4) as the Fed hits full stride on its bond dump-a-thon. Yet on top of CBO's most recent but now obsolete FY 2019 deficit deficit projection of $700 billion, the Trumpian GOP is adding $200 billion for defense, disasters, border control, ObamaCare insurance bailouts and other domestic boodle; and on top of that, now comes its vaunted front-loaded tax cut, which will rip $280 billion out of Uncle Sam's revenue collections in the same year.
Then, throw in $100 billion extra for interest on the higher debt and off-budget borrowing (e.g. $80 billion for student loans). What you get is Uncle Sam fixing to sell $1.28 trillion of debt---equal to 6.2% of projected GDP---at the same time the Fed is dumping another $600 billion of existing treasury and GSE paper.
Folks, they most assuredly did not repeal the laws of supply and demand. …
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Zenaan Harkness