When the mainstream uses terms like Communism, Marxism, Socialism, Progressivism, conservatism, and even fascism, not only do they often mis-define what each of these political models represent, but they almost always incorrectly label individuals or governments when they use them in describing their affiliation.
Over the past two weeks the primary focus by the world's financial caretakers has been on Deutsche Bank, and its potential to collapse several other institutions through the counter-party risk of its $40-70 trillion derivatives book. But as the markets have appeared since last Friday to shrug off the German bank's imminent insolvency problems, little has been mentioned about the other economy in Europe that are an even greater risk of bringing about the next 'Lehman Moment'.
Late on Friday in the U.S., which was October 1 for many parts of the world, the Chinese RMB currency was officially placed into the IMF's Special Drawing Rights basket. And despite the fact that China has been internationalizing the Yuan at an ever accelerating rate since 2013, this move into the SDR will be just the first step into much greater changes according to Beijing.
With the media having a field day covering Donald Trump and Hillary Clinton 'round the clock, the American people have had little time seeing what their current President has been doing in his final months in office. And when Barack Obama went 'downtown' to the United Nations to give his last speech to the 'world', perhaps the mainstream realized that they better keep it under wraps because the President issued his last and most enduring call to bring about a one world government.
On Sept. 21, the internationalization of the Yuan currency just took a big leap as the Federal Reserve Board confirmed an agreement with the Bank of China to begin operations of a new RMB clearing house in the United States.
Central banks have pretty much reached the end of their tether, with the world having very few bonds left for them to buy to keep their stimulus and quantitative easing schemes afloat. In fact, last week the European Central Bank head, Mario Draghi, stated that by the end of October he will have run out of bonds to buy, which include sovereign, bank, and even corporate debt instruments.
Puns in the title of this article aside, an interesting divergence in the European Union force started taking place over the weekend as all of a sudden, Greece is looking towards Russia to partner with them on several large industrial deals.
Ever since the year 2000, the United States has used a combination of overt and covert wars to eliminate any leader or country that sought to function outside the U.S. controlled petro-dollar system. And with the revelations that there were no 'weapons of mass destruction' in Iraq when former President George W. Bush used that lie to invade and assassinate Saddam Hussein, the real reasons that he sent in the military to eradicate the government once and for all were due to the fact that Hussein was in the process of selling his oil in currencies other than the dollar.
Turn on most business news stations and you will still hear Brexit being talked about, although now it is mostly as an excuse by companies who failed to make their estimated earnings for the last quarter.
Yesterday we saw the beginning of the end for the Trans-Atlantic Trade and Investment Partnership (TTIP) in Europe as both France and Germany rejected the secret agreement due to its draconian mandates which pretty much make the whole of Europe 'subjects' of Washington and of multi-national corporations.