More on the Plot to Seize Russia by Safra
The stories that Putin is the richest man in the world are nonsense emerging from Stanislav Belkovsky is a former computer programmer turned political consultant. Belkovsky was hired by Boris Berezovsky once admitted to hiring to muster Russian nationalist forces against Putin during the Safra attempted takeover of Russia. The project never came to fruition, because many of the nationalists were raging anti-Semites and Berezovsky was in league with Edmond Safra and his Hermitage Capital. Belkovsky’s allegations that Putin is the richest man in the World are absurd. This is simply part of a plot to seize Russia by Safra and other NY Bankers that led to Safra’s murder not to mention the collapse of Long-Term Capital and the blackmail of Yeltsin.
Taxes & Unions
Labor unions have been Marxist by design. Anything that attempts to flat-line the economy will fail. It is a business cycle that is at the very least impacted by human nature. Australians are now losing jobs to New Zealand because costs are 30% less. This is simply the nature of capital flows – International Competitiveness.
Is the Euro Dying?
After election day, Angela Merkel plans a significant change as she will lack a majority of Germans really behind her and she has always changed direction with the political wind. According to the polls, the majority of Germans have had enough of Brussels. We will see a shift in trend whereby there will be a resurgence of state rights. This will result in the transfer of powers from the EU Commission and other Community institutions returning back to the nation-state. A unified Europe politically will no longer lead the way for them.
Margaret Thatcher was absolutely correct – the EU was to be an economic union, not a political one. Create any organization be it unions or government, and it will evolve to always expand its own power. Brussels is out of control. The French want Germans to pay for their unemployment. This simply will be the last straw.
The Euro is dead – long live the Dollar
That is until it is time for a new monetary system after all of these jokers are done trying to grab power.
Who is Buying US Bonds?
There is only one country that has bought massive long-term U.S. bonds in July and that was Japan. They bought the incredible amount of long-term bonds totaling $52 billion. Most other foreign governments have reduced their holdings of long-term U.S. bonds by $62.5 billion over the same period with Russia dumping $6 billion in July. This is following in line with the expectation of rising interest rates on the horizon so you should have sold the bonds.
The Japanese central bank has bought U.S. bonds because the now see a crash in China on the horizon and the also realize that a rise in US interest rates will cause problems in Japan and will force their rates higher. If interest rates rise in Japan, their debt ratio of over 200% could mean the Japanese government will be forced into a national default (bankruptcy).
Japan sees a crash coming in China and emerging markets. This has led them to shift assets into the US dollar. China in the future faces its own credit crunch that many see as what the US went through in 2007-2009. If China goes, this will be a contagion that will spread to the entire region of South East Asia including Indonesia and then into Japan. Japan has looked into the future and seen the coming dollar rally. The mutual trust among banks in Asia is also collapsing. All these indicators are warning that a similar pattern may lie on the horizon.
In such a situation it is desirable for Japan to be one of the creditors of the United States in the middle of a dollar rally. US bonds are the best deep-pocket that can absorb capital and with the US surpassing Russia now as an energy producer, the smart money realizes that the US will be in a stronger position than Europe or most of Asia.
JP Morgan to Pay $800 million fine
J.P. Morgan will pay a record fine with cheap central bank money in connection with the scandal of the “London Whale” J.P. Morgan must pay at least $ 800 million penalty. The largest bank in the United States has acknowledged errors in internal control. The proprietary trading never ends. They are not a bank – but a speculator.
France wants Germany to Pay Its Unemployment Costs – When will this End
The French Finance Minister Pierre Moscovici wants a common European unemployment insurance to be established. The French have difficulties to cover the high cost of unemployment. In this way German taxpayers’ money could be diverted to France. Moscovici wants a “strong supranational budget”. There is simply no end to their insanity.