Three years of declining economic growth in the European Union since they chose to stand lock-step with the United States on sanctions against Russia have brought the coalition of European countries to a turning point. And the one nation holding the best cards to take advantage of this is China.
On Jan. 14 President-Elect Donald Trump spoke with the Wall Street Journal and reiterated his desire towards seeking to improve relations with both Russia and China, and at the same time masterfully playing his obfuscation card with the media on what policies he truly intends to implement. In fact, his ability to promote both sides of an issue to different audiences has become one of The Donald's most powerful traits... which is the ability to go back and forth on a given topic without getting labeled with the politically divisive term 'flip-flopper'.
V the Guerrilla Economist hosts Ken Schortgen Jr., Deb @BanksterSlayer Caruthers, and W the Intelligence Insider to discuss the major economic shocks coming in the rest of 2017, including the global bond market crisis of negative interest rates, the rollout of blockchain technology through EuroClear and SWIFT. Ken reveals that known CIA front USAID was involved in India's chaos-inducing war on cash experiment, and also asks how gold and bitcoin prices would move if just one percent of the currency invested in bonds sifted into precious metals and the borderless, non-central bank controlled cryptocurrency. V also mentions the global 6.2 billion who are either unbanked or underbanked, from Africa to the New Silk Road slated nations of former Soviet Central Asia, and the decentralization of the Internet and crypto-currency transactions. - JWS
Last week Rogue Money published an article predicting the outlook for the dollar in 2017 as remaining the singular global reserve currency. Now we will see the numbers which validate that foreigners are bailing on that reserve in record numbers.
For the past eight years, the idea that the world is going through a paradigm shift... a frequency change if you will, has been simmering in the background of economic, political, and geo-political events. And if there was a beginning point for it all, it would have to be the global financial crisis that shocked the world in 2008.
Over the past couple of decades, cities have been using an interesting and unique tax scheme to help pay for sports stadiums without putting too much of a burden on their own citizens. It is called the hospitality tax, and is only imposed on out of state individuals who stay at hotels, casinos, and other resort or overnight facilities.
It has not been a very good year for the U.S. establishment, which saw their power take a severe blow with the election of Donald Trump as the next President. And when you couple this with the failures of the shadow government's gambit in Syria, perhaps it is not surprising that the once great nation known as America is little more than a paper tiger who is now relegated to blaming scapegoats for just about every one of their failures.
Thanks to Mario Draghi's big yawn announcement earlier this week where he jawboned that little would change with the European Central Bank's monetary policy now, and in 2017, the dollar rebounded from its recent decline below 100 to soar back to just below 102 on the index. And with this level the dollar remains above its 13 year highs achieved days after Donald Trump was elected President, and hovers just below a 14 year high point in overall strength against major currencies.
In just a few hours the Italian people will wake up and go out to vote on what could be a national referendum even greater than the Brexit vote taken back in June. This is because the outcome of the vote, whether Yea or Nay, could very well determine the futures of not only Italy's place in the European Union, but also the solvency of Euro currency and of many Western banks.