The US federal government spent $369 billion in August, but only received $179 billion in revenue. The resulting $190 billion deficit was a record for any August and the third highest monthly deficit in the current fiscal year, which ends on September 30th.
On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."
Germany and China plan to conduct an increasing amount of their trade in euros and yuan, the two nations said in a joint statement after talks between Chancellor Angela Merkel and Chinese Premier Wen Jiabao in Beijing on Thursday.
SEOUL, Aug 2 (Reuters) - South Korea's central bank said on Thursday that it bought 16 tonnes of gold inJuly as easing financial markets after a turbulent
June allowed it to push ahead with efforts to
diversify its massive foreign exchange reserves.
It put the total value of the purchase, which
was made on multiple occasions during July and
boosted its gold holdings to 70.4 tonnes, at
$810 million, slightly less than $850 million it spent buying 15 tonnes of gold in November of last year
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It is suspicious that all knowledge relating to real money and Austrian economics is carefully excluded, all over the world, from consideration in Academia, from the deliberations of Legislative bodies, from the pages of journals, from the TV screen and from the productions of the film industry. It appears that humanity is being subjected to a planned operation to erase from all human consciousness the memory of real money and of the economic principles that lead to prosperity. Of course the Élite know full well that “gold is money, all else is credit”: J. P. Morgan himself said so.
People should, rightly, have fear of having their money in paper instruments, whether it’s in a bank account or a bond. If they had any sense they would be buying (physical) gold and/or silver. That’s the only way to maintain your purchasing power.
