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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Monday 19 January 2015

Martin Armstrong (blog link at bottom of blog)

THE DOLLAR PEGS ARE NEXT

"The next crisis will be the currency pegs against the dollar. Here we have pegs from Hong Kong to the Middle East. We will have the same problem for as the dollar is driven higher, thanks to the implosion in the Euroland, these nations will import DEFLATION from a rising dollar. This will break their backs and force pegs to collapse around the world. Keep in mind that this will unfold probably after 2015.75 and help to spiral the world economy into the worst depression in centuries. Start preparing for a rainy day.
The rise in the dollar, will be the key to breaking the post-war economy. It was the flight of capital from Euroland into the Swiss that broke that peg. We will see in the months ahead the same crisis unfold in the Middle East and in Asia. This will be accelerated by the emerging economies who have issued $6 trillion in dollar debt since 2007. As the dollar rises, they will be forced into the same position as Greece – unable to pay their debts because the debt keeps rising in cost."

(thanks to Benz rabbit for link)

10 comments:

  1. You've been preparing for a rainy day for 5 years, shorting bull markets right? Is that your definition of preparation?

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    1. I never realised until recently just how corrupt the financial system was ....otherwise this would have been over long ago :-)

      Surprised to see you here Gerald,given your antipathy to the mighty Ramblicus :-)

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  2. Looks like Ol' Ponti is getting bored mingling with the same tribe of backslappers. he he

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    1. he's one of the worst offenders...

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    2. Miss you Wile! If you posted on my blog wags would leave you alone :)

      At least posts relevant cartoon once in a while!

      Grats on the upturn in metals

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  3. 'Nother one bites the dust ... "Tributes are flooding in for a Hawke’s Bay man who was found dead on a mountain in northern England this week, after he had been missing for four days.

    United Kingdom police yesterday confirmed a body found on Helvellyn, a mountain in the English lake District, was that of 45-year-old Michael Flanagan, originally from Napier.

    Mr Flanagan had told staff at a hotel that he intended to walk up the mountain on January 8. He was not heard from again and a search involving mountain rescue teams and a Royal Navy helicopter was launched.

    Volunteers from the Patterdale Mountain Rescue Team discovered Mr Flanagan’s body four days later on Monday.

    A spokesman for Cumbria Police said there were no suspicious circumstances and the coroner had been informed.

    Mr Flanagan grew up in Napier, where he attended Napier Boys’ High School.

    He lived in London with his wife and young son and worked as the head of foreign exchange institutional sales for National Australia Bank.

    He had also worked for HSBC and the Royal Bank of Scotland."

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    1. Fulford

      http://www.shiftfrequency.com/ben-fulford-jan-19-2015-financial-war-coming-to-a-head-swiss-join-pentagonukbrics-alliance/

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    2. (always an interesting perspective ,if somewhat left field :-)

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  4. and Mish thinks we hit a turning point....
    http://globaleconomicanalysis.blogspot.co.uk/2015/01/endgame-for-central-bankers-says-saxo.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

    ReplyDelete