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Three Obvious Signs The Entire System Is Changing
Submitted by Simon Black via SovereignMan.com,
When I was a kid growing up in the early 80s, the United States was the undisputed dominant superpower in the world.
The US dollar was awe-inspiring; on a trade-weighted basis, the dollar index was at an all-time high, and had never been as strong ever before… or since.
And the dollar’s strength was backed by something real. The US economy was strong. Debt was low. Interest rates were actually greater than zero.
I remember watching Ronald Regan on TV when he told Mikhail Gorbachev, and the entire world to ‘tear down this wall’ from West Berlin.
And within a few years it happened. The Soviet Union collapsed, leaving the United States as the victor in the Cold War.
US geopolitical, economic, financial, and military power was completely unchallenged. And it would remain that way for years.
Now it’s a completely different story. The entire system is changing.
And while the US may still be the leading power in the world, its dominance is being rapidly chipped away.
Here are three major examples we’ve seen just in the last few weeks:
1) The dominant international force in the Middle East is now… Russia.
There has been a LOT of tough talk by the US government about Syria over the last few years, including tough-guy promises about military action if Assad crossed a line in the sand.
Assad crossed it. He used sarin gas on his own people—the infamous ‘red line’ that Barack Obama said would trigger a military response from the US.
Yet there was no US military response.
Instead, Vladimir Putin has actually been helping prop up the Syrian regime, as well as unilaterally bombing ISIS targets in the region.
And the Chinese government has sent its own warships to Syria.
Meanwhile, Iran has just test-fired a brand new long-range missile system, something that may very well violate the terms of the much-heralded nuclear deal.
All of this goes entirely against the wishes of the US government. And yet they’re absolutely toothless to do anything about it.
The US may still have the most lethal military in the world. But even the most powerful combat force is ineffective if the government is too broke to deploy it.
2) China has launched its own competitive international banking network
For more than seven decades, the US banking system has underpinned the global banking system.
Bank payments for global trade that transit from Bangladesh to Brazil, for example, are typically routed through the US banking system in New York, and settled in US dollars.
The US has abused this position of trust over and over and over again.
China finally got tired of it. And, a few years ago, they started working on an alternate system whereby international payments no longer needed to clear through the US.
It’s called the China International Payments System (or CIPS). And it launched last Thursday.
So far CIPS is just been being provisionally tested; 11 out of 19 banks using it are Chinese (and state-owned).
But many large banks, particularly in Europe, have already signed up.
If successful, CIPS could take away substantial market share from the US banking system, giving foreign banks and governments less and less reason to hold US dollars and US government debt.
3) There’s an epic revolution in the global financial system
Seven years ago, central bankers from around the world coordinated policy moves to set interest rates at 0% (or even negative) and conjure trillions of dollars, yen, renminbi, euros, etc. out of thin air.
Around the same time, digital payments technology known as Bitcoin was invented.
Bitcoin represented a very 21st century way to hold savings outside of the conventional financial system, like a digital form of gold.
Since then, the technology has become much more widely adopted, spawning brand new thinking and a digital revolution in finance.
Technology now makes it possible to completely eliminate banks as a financial intermediary—a highly centralized middleman standing in the way between you and your money.
So-called “fintech” or financial technology startup companies are leading this trend.
You can now send and receive funds, transfer money internationally, exchange foreign currencies, borrow money, and invest your savings, better, faster, and cheaper than ever before, and all without using a bank.
Banks have been some of the most powerful institutions in the world for over seven centuries.
But that dominance is now in danger of being replaced by new technology that grows at a far more rapid rate than banks can possibly match.
About six weeks ago, Fintech companies Zazoo and BitX joined forces to create a new product allowing consumers to load virtual prepaid credit cards with cryptocurrency (like bitcoin), and use the cards to by products online.
This technology essentially creates a bridge between the old financial system and the new financial system, suggesting very clearly that the financial revolution is underway.
* * *
All three of these are very clear signs that the system is changing.
The old structure in the world - a system dominated by the US government, US banks, and the US dollar - is finished.
The US is in decline. The US government is overloaded with debt. The US financial system is losing is dominance. And even the banking institutions themselves are losing relevance.
This isn’t bad news. It’s tremendously exciting.
History shows that these things change. No nation retains the #1 spot in the world. No international reserve currency lasts forever.
Rather than cling to the old ways, embrace the change. And educate yourself about what’s happening.
There are fortunes to be made for people who understand these trends and get out in front of them.
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This isn’t bad news. It’s tremendously exciting.
are you serious? Dude, come on do you have any idea what happens when the dollar blows, domestically?
you will hope for an Obama ammo drop then, to YOU.
Lost me at "sarin gas"...
This article is fucking retarded.
Stupid is the new dumb.
And Asian hordes are rushing the borders and assailing the gates.
#3 Bitcoin.
LOL.
Yup, lol @ that. Simon wants to see the same crowd running the show, no change at all.
this article has the right idea but is too light and simplistic
a lot of sheeple are not ready for the dollar to collapse because they are not well informed
this morning i heard an old sheep telling a young one to put the max in 401k , bad advise cause that paradigm is dying for sure
Yep. I stopped contributing about 4-5 years ago. It just made no sense. It became apparent that at some point that money was either going to be taken away from me for a Cyprus-like "bail-in", or inflated away... so why put it there? Why not acquire physical assets however I may be able to get my hands on them?
Simon must be another product of the public school system.
A+ for inability to think.
#disappointed
Alpacas did not even make the list.
pods
Simon just said "Alpaca fat bowl" with what he's smoking...
He forgot to tell us to buy some land in Those paragons of free markets in Central America. And ya hasn't the whole 'Assad used sarin gas on his own people' thing been debunked- a lot- at this point? Even the Brit govt said so, not just fringe blogs
"....and rape rooms....." - GW Bush
“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once... shame on....(drools)... shame on.... you. Fool me.....uh, you can't get fooled again.”
and he listened to the spelling lesson and the story about the pet goat for half an hour after being told the nation was under attack. i believe that is called a tell.
Kind of like he didn't really think they were serious about the attack.
Simon is drunk on the MSM koolaid again
Simon Jackass
I would love witnessing his "Embrace the change" strategy when the world reserve currency status disintegrates and he's eating his flip flops.
Note to self, buy more English mustard if flip flops are on the menu.
Bottom line: US becoming more like China is a bad thing. Senior US politicians seemed to think that is just hunky dory. It isnt. Becoming the new Soviet for the next 25 years will not be accepted. It is irellevant how I understand certain things.
Also, there are games within games geopolitically as this planned GRC is handed off to China. The true puupet masters will not be exempted this time if the rape victim is attempted to be strangled as such intend.
The real risks are WW3, debt resturcturing will cause pain but the wealthy here are buying companies plenty of real money here still.
Yes, bonds and stocks will crater.
But Uncle Sam is dead, the Republic. Global feudalism will reign for a a few years until a nasty conclusion. Bummer.
You ain't bullshitting!!
two r's, one l, as i understand it.
The Fuhrer gives weapons to ISIS and disamrs Americans. We could do this all day, but NO ONE seems to fucking care.
https://www.youtube.com/watch?v=oAKG-kbKeIo
Well if nobody else will say it,, He went full retard on this article.
Not even a good job of camoflaging the pimp job on Shit Coin.
Fucking rama lama ding dong zipper headed dog fuckery.
Simon forgot to mention what sunny tropical shithole he's visiting now, as he sips his Pinot Grigio and thinks about Big Things.
Fuck you simon black! I love my country. I hate what it has become,but I am an American..and I have zero fucking interest in the n.w.o..
P.S. thankyou again Tyler for letting me vent...
I used to love my country back in the 80's. Now we are a nation fat, lazy self entitled welfare recipients who can barely speak proper English distracted easily by Dancing with the Has Beens.
Loyalty to the country always. Loyalty to the government when it deserves it.
Mark Twain
I agree with Syrin. I have lived outside of the States for 16 years. I go back 3x each year and the signs of change are a little more pronounced each year. Assad used Sarin gas on Syrians? Not sure about that one but the rest is true. Obama has steam rolled every law or policy that he doesn't like. The excuse of "It's too important so I'll fast-track it." Like the immigration episode. Why even fund the Border Patrol? And why didn't the Executive branch halt NAFTA after it became apparent that 90% of manufacturing jobs (and the income tax revenue from workers) was bad for America? Racial tensions seem worse than ever. America of the 60's, 70's and 80's held Senate Hearings, Congressional Hearings and appointed Commissions. Why aren't those precepts followed anymore?
Yes, I love America too. A lot. And it hurts to realize that the America that used to exists will never be again. I worked 20+ years at a Fortune 50 company yet resigned to avoid what was coming. I had to leave the US to find a job that paid the same. And I'm not talking about a six-figure income. In the 1980's I was working shift work yet had enough money to buy a small home and live in a one salary lifestyle until the kids started school and my wife went back to work.
That will never happen again because there won't be decent paying jobs; hence no middle class. Now that America has become a different country and has abandoned the traditional values that helt the counrty together it's impossible to go back. I feel that the situation is accelerating faster and faster. In the 60's it was the LBJ social entitlements (which were good until they got off the leash). Then the 70's, 80;s and 90's saw negative changes coming faster and faster. America to me is like the bus that is careening down the road, weaving from side to side and about to go into the ditch. And it's apparent some younger and stroner countries will take the lead roll. That's it.
You must have missed a lot in those 16 years. The US has deteriorated far beyond something that is worth reminiscing about. Maybe you should just keep dreaming.
You are 100% correct. It's all gone to hell.
I should've known something was wrong when we were practicing "duck and cover" in grade school and then a few years later our principal rushed in our room (the only one with a TV) and cried that the President had been assassinated. An appropriate. intro to the 60's.
and here is an intro to that latter event.
https://www.youtube.com/watch?v=U1Qt6a-vaNM
u need to try harder, that hardly rates as a 'vent' here, let loose your inner self.
:D :D
I missed it and thought the article was ok. Oops.
is it really a red line when you use your own gas?
I was lost as soon as I saw it was Simon Black.
prefabricated rethoric
https://thinkpatriot.wordpress.com/2015/07/28/lebowski-enlightenment-3/
“The final bit is that they look at the exogenous shocks and it terrifies them. It terrifies me, too. People in power, in state treasuries, won’t allow themselves to quantify the levels of shock that are on the way. If 60 per cent of sovereigns become insolvent because of ageing costs, which S&P says is likely, …”
Financial system is leveraged 40x on soverigns 60% of which will default.
https://thinkpatriot.wordpress.com/2015/07/28/lebowski-enlightenment-3/
“The final bit is that they look at the exogenous shocks and it terrifies them. It terrifies me, too. People in power, in state treasuries, won’t allow themselves to quantify the levels of shock that are on the way. If 60 per cent of sovereigns become insolvent because of ageing costs, which S&P says is likely, …”
Financial system is leveraged 40x on soverigns 60% of which will default.
"are you serious? Dude, come on do you have any idea what happens when the dollar blows, domestically?"
of course he does. that's why he advocates for International Diversification and diversified citizenship on his site all the time. have you read it? he's not gonna need any Obama-ammo drops becuase he won't be in US when the dollar blows. it is indeed tremendously exciting for anyone smart enough to stay away from USA when SHTF.
US is still the dominant force in the Middle East with its proxies Israel and Saudi Arabia and UAE and Qatar and Kuwait.
Assad crossed it. He used sarin gas on his own people
Total lie as Seymour Hersh demonstrated
Pulitzer Prize-winning investigative journalist Seymour Hersh has published an article demonstrating that the US government and President Barack Obama knowingly lied when they claimed that the Syrian government had carried out a sarin gas attack on insurgent-held areas last August.
https://www.wsws.org/en/articles/2013/12/10/pers-d10.html
The idea that Israel is America's proxie, and not the other way around is rediculous (as I think you indicate), and just shows the power of the Jewish media. There are few, if any, citizens in the Israeli governemnt with "dual-citizenship" with America, yet in the US government, we are infested with them.
"There are few, if any, citizens in the Israeli governemnt with "dual-citizenship" with America, yet in the US government, we are infested with them. "
Never-write-without-doing-your-homework.
Nearly every Israeli has a dual citizenship.
Believe that is Impossible for a commoner if US Citizen.
Normally I think the US Federal Govt screens for US Citizens that had worked, are working for Foreign Governments... not clear on this... Obviously, if you have inside contacts your security clearance and patriotism is not questioned much.
Clearly: there are foreigners in all kinds of US Power Structures and Institutions that play a big part in US policy and are very influential.
- Jews
- Corporations
- Elite Americans and Europeans
- Hidden Groups not Regulated, and who find ways to fund Gifts to US Congressmen through Soft money laws or other ways...
Perhaps the US Supreme Court, DOJ, FBI, OPM, OMB, SEC, FINRA, US CON-gress, GAO, US Treasury would have to investigate if there was a Media Frenzy/Crisis.
Perhaps the idea could be the basis for a huge Power Play against Dual Citizens, Federal Power, US Congress, Federal Employees, Political Appointees, Neo-CONs, and War Profiteers, Pirates, Privateers...
Clearly: there are foreigners in all kinds of US Power Structures and Institutions that play a big part in US policy and are very influential.
So the House of Saud nor any other Muslim country plays a big part in US policy and are not very influential?
You clearly aren't seeing reality.
The Saudi's were hoping that Obama would take out Assad, since they asked him nicely a couple of times. Now the Saudi's are thinking "Why the hell are we selling our oil for worthless dollars when the US won't do our military bidding like Nixon promised?". The dollar is backed by oil, which is backed by the US military keeping the House of Saud in power. If they Saudi's don't think the US military is effective, why maintain the petrodollar? Wait for the Chinese to back the yuan with gold and go from there.
It will all fall apart some wheekend when Obama is in Hawaii.
US offered Saudi Arabia protection.
They are getting that.
..hehe yeh..but what is the new trend my friend?
and what defines a wealthy man in future?
Globalization. So called Free Trade Deals. Deindustrialization. Financialization. Supreme Court Politics over Constitution. The Rise of Neoconservative Power in Congress.
These are some changes inside the USA which took us from the 80's to the 2015's.
Give each one careful thought, they are important each in it's own right. America's fall is found in each one.
All the work of globalist bankers.
Allowing bankers to create the money supply through the issuance of debt was inevitably going to hand complete planetary power over to them. It was just a matter of time and the date was 1913.
Crypto-currencies "mined" by computers will turn out even worse.
ZeroHead - You correct. Simon does comment here but he seemed to miss the article about Blythe Masters and JMPs investment in Bitcoin. I called that one a couple years early calling it JPM coin.
I just make my speculations on what I would do as a ruthless soiopathic competitor not caring about the long term and blowback such as my kids potentially being kidnapped like in Mexico or nuked out of existence.
And no, such cannot live off planet without the next crop of evolutionary minds which from the people I speak with will not help them.
In the end it is all evolution which we are nearing the end of. What creates such behavior to drive people toward power is emotional weakness. What causes that is mostly caused by digestive disorders which then create mental ones. look at guys like Edward Teller that invented the H Bomb.
But the generation running the show of Boomers globally arent realistically going to adopt certain treatments at this point that work.
Gen X, Y and Millenials are on our own. Time to grow up in a hurry. Sometimes I feel cuffing some people in the head to wake up but evolution and mass pain will the job, such is a tidal wave and anybody I try to warn must have an ear to want to evolve in the first place.
I had some good mentors but I only kept them because I was willing to learn and by the way I am a reformed sociopath. I internalize the pain now instead of externalizing it. So still have lots of room to strive for balance and meanwhile learned not to judge or condemn so quickly.
Simon, your almost gleeful at peoples pain by such writing which is strange because you have a compassionate side too. It was very cool of you to help that Vet with treatment. Guess room to grow all around for all of us.
We are ALL recovering sociopaths.
Unless of course we are too busy enjoying being successful sociopaths! (It's the human condition after all ;)
probable just subcategories of what you already mentioned but I would add
-aggressive patent trolling and patenting life itself
-citizens united
-corporate inversion
-corporate consolidations/acquisitions (especially in media)
-ramping up the war on drugs and the prison industrial complex
-mass (domestic) surveillance
-patriot act and indefinite detention
I'm more drawn to video for whatever reason or weakness...
Let's list a couple at this point to support your thesis:
Jenifer Briney I think
https://www.youtube.com/watch?v=hWLmhH8sQIs
Who's blowtorching American jobs?
https://www.youtube.com/watch?v=SfTfsWhZi5E
The first episode of BestEvidence goes to the root of what’s happening to American jobs.
Fed Audit Shocker: They Come from Planet Klepto
https://www.youtube.com/watch?v=jt377DV2BKs
Ben Bernanke's Sovereign Deception
https://www.youtube.com/watch?v=RmPUKy-3OfY
https://www.minneapolisfed.org/research/wp/wp666.pdf
http://www.zerohedge.com/news/2015-10-05/nomi-prins-how-trump-became-tru...
https://www.youtube.com/watch?v=GwbqWWglElg
And a new guy E. Michael Lewis
5:00 minutes in, video E. Michael Jones on Neoconservatives, CIA, Cold War and the Catholic Church
https://www.youtube.com/watch?v=Y2gB9o0Qg7k
As long as they don't cancel The Voice or Dancing with the Stars.
Or they censor Miley Cyrus. If they do that Imma be PISSED!
"Assad crossed it. He used sarin gas on his own people.." Or someone who wanted to intervene militarily wanted to make it look that way. Do you think?
Even the UN investigation concluded it was the "moderate" rebels. I guess the person who wrote this article doesn't read zero hedge
> And the Chinese government has sent its own warships to Syria.
What a load of rubbish!
To point out just one example of 100% fiction in the article.
It does look like this article was sourced from MSM.
A few good thoughts but some bad sources.
And now the zionist parasite that pushed us into them mess with leach onto some other host...I am sure Putin knows this, I just hope he understands what befell JFK could strike at him as well.
Parasites are parasites. It’s the dog who enables the parasite that has got to go. They are the root cause.
"Assad crossed it. He used sarin gas on his own people—the infamous ‘red line’ that Barack Obama said would trigger a military response from the US."
Simon, you have become a complete useless turd spouting MSM propaganda. Go back to Chile or Switzerland, or where ever else you claim to own a ranch.
My brain got stuck at 'used sarin gas on his own people' what the fuck ! We all know it was Amerikkkan/Mossad/CIA,etc... done. FFsake.
Yes, while the butchers in Riyadh and Qatar terrorize and murder their own people our government and MSM is totally silent. We pick and choose countries to foment violent regime change in. If we like the regime we leave them alone, like our pal Augusto Pinochet in Chile that butchered millions. If we don't like them, or we have a need that has to be filled like the Nabucco pipeline, then we need to demonize and vilify the leader and foment regime change.
You can't tell me that Assad is any worse or any better than the fucking rulers of Qatar or Saudi Arabia. Assad stands in the way of the Nabucco pipeline and for that reason alone, "he has to go". The barrel bombs and the sarin gas stories are built into the propaganda narrative. See the link below:
http://www.zerohedge.com/news/2015-10-05/useful-prep-sheet-syria-media-p...
Because we're learning how to use fear to control the masses like SA does.
>>>>>.....if Assad crossed a line in the sand.
Assad crossed it. He used sarin gas on his own people—the infamous ‘red line’ that Barack Obama said would trigger a military response from the US.<<<<<<
After reading this bullshit, there was no point in reading the rest. Simon the traveling bullshitter lays an egg again.
For those of you who are not following Syria, it was not Assad who used gas but the rebels.... And if I member correctly there was also a Turkey connection as well...a country that is a NATO member.
It's a False Narrative Misinformation piece. Where the Douche Bag author gives you have truth & half False Narrative, PsyOp & Propaganda.
Major bullshit, I stopped reading after that.
I am not interested in spending my time on misinformation and disinformation.
And if I member correctly there was also a Turkey connection as well...a country that is a NATO member.
You're not refering to the USS bitch-slave, are you?
According to the UN it was the Saudi/US sponsored rebels that used Sarin gas.
For Assad it would make no sense to deploy gas after the "red-line" warning, but for the Salafist/Wahibi axis (Saudi, USA, Qatar) an excuse for direct intervention by the USA is the whole object (with eventually building a Sunni oil pipe-line to get gas to Europe).
Investigative journalists have traced the components and ingredients to sources in Turkey and Bagdhad.
It's amazing how long misinformation keeps singing around. Like the Fox viewers who voted for a second Bush presidency "because of WMD's in Iraq" after Bush admitted they didn't exist.
The USA is not toothless -- they have no reason to be there and stick their nose in other countries' business, undermining democracy and supporting authoritarian autocrats, grossly contravening international law.
Putin's got the goods on the zios as well. All those German labor camp records and photos would blow a 100-mile wide hole in the holohoax narrative. All stuffed away in the old Soviet records.
? Chuck Palahniuk, Fight Club
Then I say it has popped! And pretty close to the time table given ..
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp
Listen to the 11 minute teaser first to hear about the BRICS, and how they will POP the pretro-dollar ..
Then go to the 2 hour discussion (3/24/15) and begin at the 12:30 mark where they talk about Gorbachev ..
[Simon] Black says he was in the intelligence community (Army intel in the Gulf War). But he sure seems not to know much does he? At least he won't tell any of us. Why is that? Black (not his real name), am I just better briefed than you are. Or are you working for someone else?
0. There's a resident ROTUS occupying the White House and pooping on everything American.
So sweet, it needs to be repeated:
"The old structure in the world—a system dominated by the US government, US banks, and the US dollar—is finished.
The US is in decline. The US government is overloaded with debt. The US financial system is losing is dominance. And even the banking institutions themselves are losing relevance."
And, a fat, dumbed down , lazy citizenry. Zombie Apocalypse right around the corner. Lock & load ZH's.
Chup - Yep. Its one giant suicide pact from viewing it from a bigger picture.
1) Pretty sure that the evidence concerning the chemical weapon attacks in Syria in 2013 was very ambiguous, and it was just as likely that opponents of the Assad regime were trying to frame Assad because they knew that specifically would get the US to intervene. To conclude that the US is declining (that its "geopolitical, economic, financial, and military power" are being "challenged") because they have backed down from Syria presupposes that might in the Middle Eastern theater is equivalent to power or ability. Fuck that noise. If anything this shows the US has learned from its naive interventions and is finally backing away from the Monroe Doctrine.
3) Yeah, and the singularity is gonna happen next year (c.f. claims that "technology will revolutionize the world in 10 years" that are made every day)
Laundrevity - Agree on point one and kind of agree with three. The tech to biomechanically live forever at least the important first steps are in clinical trials. advancements in AI and Particle Physics are amazing, truly stuff of science fiction.
But the exponential factor looks like it will be slowed for a time and then because of larger war accelerated. At least that is what I see from history. I give it forty years and nobody alive will face a classic death of old age. But first things first in my mind, have to survive to see it or you get to 4D the more historic and painful manner...
Hey Simon, you wrote:
"He [Assad] used sarin gas on his own people"
So give us the proof for that statement, and if you can't give us the proof, shall we assume that you are in the business of lying and fabricating stuff trying to pass them on as facts?
Seems so.
Only a major retard (or disinformation and misinformation artist) will believe, Assad invites the UN and then,( knowing there is a red line and that he may trigger "shock and awe" from the exceptionals), unleashes the Sarin not far from the UN staff (but notice, he waits until UN staff arrives).
Having everything to lose, and nothing to win.
The opposite is true for USA's Al Qaeda hordes.
Well we actually have the evidence and proof that USA's Al Qaeda terrorists did it, but you either ignore that evidence, you are unaware of it, or you just don't care that the evidence exist - either way is very bad.
Notwithstanding what value-add services Simon Black's business creates for certain clients and prospects, his enterprise, writing and global travels ensure that he pays zero US taxes, and virtually no taxes in Chile either.
This is due to the fact that he spends so much time in different countries, that he can benefit from the tax structure in each country, and none of them can claim that he spends a large enough part of the year in their country, to make him 'their' resident for more than a few weeks or months.
I say this without editorial comment, but merely as an observation and analysis.
As for being able to send money internationally without using a bank's overpriced Wire Transfer systems, yes, that is correct. But not news to those who already want or need to do this on a regular basis (e.g. low- wage laborers in the US, who send money to South America, Asia, etc.). This does support the thesis though, that we are seeing more cashless/electronic transactions, rather than fewer. Also not 'News'.
1848 witnessed 2 major techno-resource events that would forever change the USA & the world. First (as everyone knows) gold was discovered in CA. The second only became notable after 17 yrs later & a civil war; oil, or rather "rock oil" was discovered by Samuel Kier in western Pennsy. 2015-16 is first time the planets have lined up in similar manner, since those days gone by.
There, FIFY
Russia is in a last ditch effort to save their gas & oil export lifeline
China is in shambles economically and their currency just took a dive.
And now, unlike the 1980's when 50% of worl trade was denominated in US dollars, its close to 90%.
Yes, the Anglo-American dual world power is certainly on the ropes (LOL).
Did I mention the dollar will collapse as soons as we run out of zeros?
This isn’t bad news. It’s tremendously exciting.
History shows that these things change. No nation retains the #1 spot in the world. No international reserve currency lasts forever."
No...it isn't.
The IRC status isn't simply about the American dollar; it USED to be about the American system of republican government--and what THAT meant.
Liberty, rule of law (not men or their special interests), and democracy is what the dollar represented.
Never in the annuls of antiquity has a society become so corrupt, so mindlessly self-absorbed, and so poorly led over successive transfers of power, survived itself.
There exists scarce evidence today that the U.S. will be "exceptional" in this regard.
m
FUCK YOU SIMON
I stopped reading after your first bullet point. What are you, retarded?
Also, which fucking RETARD editor published this swill??
After ALL the exposes ZH has provided showing how the sarin attack was a false flag, you guys let this article through???
WTF
"There are fortunes to be made for people who understand these trends and get out in front of them."
Ever notice this common refrain at the end of many 'doom' articles...?
Simon Black is not his real name, but he seems to be doing very well off his newsletter, In April 2013, he hosted a conference in Santiago, Chile, attended by Ron Paul, Jim Richards, Jim Rogers, Peter Schiff and others.
Assad used sarin on his own people. That's right Simon. And Saddam had WMDs as well.
A Bitcoin ATM gave me 7x what I had coming during the Tuesday BTC flash crash a couple months back.
Not exactly ready for prime time.
"Assad crossed it. He used sarin gas on his own people"
Seriously?....What an idiot.
I truly hope you a just a just a troll for somebody becuase if you really are stupid enough to believe that you are a danger to yourself.
Shit will be getting real when and if those camel jokeys start pricing oil in rubles. Until then, STFU simon
WTF is this fool smoking... Russia dominant force anywhere!?
"This isn’t bad news. It’s tremendously exciting."
[simon black]... whats so exiting about pre ww3 era?
you mean the white people gonocide trough muslim mass immigration and gay laws because authorities dont need white people anymore?
excitement about formation of new blocks with restriction of free speach and loss of rights, propaganda and censorship?
ooh you mean its exciting to live with high prices on everything, student loans, debt, gun restriction and being a burger flipper with college degree, high crime rates, cash control/ban etc?
you mentioned "Mikhail Gorbachev", anyone knows what happen to people of soviet union when the collapse happened?
Isn't Diversity wonderful?
It will be exciting............for a very select few. So, after years of bitching about how fucked millions in the US are going to be, we're now advocating opportunities for the new 1%???
Personally, I think we've been lucky to live in the times that we have, considering history.
I would agree to a certain degree. It would really depend on age.
And the dollar’s strength was backed by something real. The US economy was strong. Debt was low. Interest rates were actually greater than zero.
Backed by something real? Like a traders promise to deliver? Same as today?
Debt was low, meaning trader's propensity to make trading promises was low? ... and that's a good thing?
Rates were actually greater than zero, meaning some traders were defaulting? ... and that's a good thing?
The stupidity in these articles defies description!
This is hilarious - Russia is the dominant force in the Middle east?! Thta's as nonsensical as the rest of the crap that Simon says. Yes, during the last week or so, Russia has been able to enable ISIS to take some more territory. But so what? That is pretty small potatoes.
Time will tell if the Russians end up achieving their objective - namely proppoing up their last client in the Middle East. So far, they have been getting a negative return on investment.
<--- You have more than $10000 USD denominated aggregate debt.
<--- You have less than $10000 USD denominated aggregate debt.
http://www.xe.com/currencyconverter/
Assad 'used sarin gas against his own people'...wonkwonkwonk...'Syrian regime'...wonkwonkwonk...
Come on, Simon. No one needs to see you fluffing Zbignew out in the open like that.
"Assad crossed it. He used sarin gas on his own people—the infamous ‘red line’ that Barack Obama said would trigger a military response from the US."
Stopped reading right there Simon.
If I need garbage like that, I'll go to CNN.
Squid
"The US may still have the most lethal military in the world. But even the most powerful combat force is ineffective . . ."
I have bad news to convey: The American ground-pounding and occupying military machine (Army and Marines) is a mere shadow of its former self.
I know what is elite military. Former Infantry Officer with the 101st Airborne in Vietnam from 1968 - 69. We were one of the best conventional line units in Army.
Fast forward to September 2015. The 101st Airborne Assn. is supposed to be a refuge for ex-101st Troopers - local chapters for get-togethers; etc.
One month ago, the quarterly magazine went out. On the cover was a Life Magazine-sized photo of the Peace Sign, gouged out near the 101st Hdg in Vietnam in 1971. Inside the cover, the editor had the gall to state: "The Peace Sign was a popular symbol among the Troops." That statement is a total lie. We, 101st guys, had to bail out the peace sign soldiers and dopers in non-101st units, before they got overrun. We paid with our lives and our blood to do their jobs and stabilize their area (AO). There were no swinging dicks in the 101st toting that garbage when I was in Vietnam.
I attended an OCS (Officer's Candidate School) reunion at Ft. Benning in 2013. The physical fitness standards for ordinary soldiers were pathetically low. Moreover, trainees were no longer required to pull KP (kitchen clean-up); night duty to man the perimeter of the base; grass-cutting; and dirty jobs in vehicle maintenance; etc. These jobs are now performed by civilian contractors. No toughening via physical and mental harassment. There may be higher standards in elite units - but the standards for Basic and Advanced Infantry training I remember 40 years ago for ordinary draftees were much higher.
The US military may be able to bomb much human life out of existence in a given area - but the US military can not physically occupy and control that area. That is why the Pentagon is over-reliant on Blackwater-type mercenaries and irregular foreign forces comprised of bandits and low-lifes.
Without a draft, civilians can not be compelled to serve. They do not want to serve and few ever did. US military prowess is mostly an illusion. Our soldiers have been abused through endless repeat assignments in Afghanistan and the Middle East. How can you maintain an esprit de corps when your unit has no real mission. Our military has been politically degraded. I have great sympathy for the professional US soldier.
Totally bullshit article. Debit cards backed by vaporware?
I'm waiting for my gold backed American Express card courtesty of UPMA, and in this case I mean a true gold card in the sense that I prefund it with physical gold or silver, and when I purchase something the gold/siver exchange to fiat is done instantly and for free.
and in this case I mean a true gold card in the sense that I prefund it with physical gold or silver,
Right. And your fair share of gold in the world is one ounce ... generously valued at $2,000. That wouldn't buy you a years camp site rental at KOA.
" He used sarin gas on his own people". Guess you didn't get the memo.
"Bitcoin represented a very 21st century way to hold savings outside of the conventional financial system, like a digital form of gold.". Only,gold won't disappear the moment an EMP happens.
Simon's Shallow Spin ? On China ~ They are not that stupid to have the RMB as a World Reserve Currency. Days of Currency Hegemonies are over as there are less benefits to have your currency played by markets to lose control over the critical reforms needed in your domestic economy. This CIPS is to facilitate transactions for the real economy of goods and services and suck out the volatility from ttansactions in US$. No ambition beyond that. Keep dreaming that they be stupid enough to replace market systems that they can use at arms' length. You dominate market systems only when you are ready, right down it is working fine for others to oil the global market sysems. It is US that has to start thinking about providing free rides in maintaining global markets open when the US$ hegemony is becoming a relic.
Good 'ol Simon Black. I think he is excited to see the Russians and Chinese takeover as he can see a way to make a few bucks off of it. He doesn't give a $hit if 99% of the world is enslaved, he just wants to make some cash off of it. Sadly Simon is a first world citizen with the mentality of a 3rd world citizen, I get mine and eff everyone else. If this world comes to be as he envisions it I can only hope that he gets what coming to him. Slowly.