Watching the economy over these past months, I am noticing it all comes in waves.
Sometimes the waves are small, and sometimes the waves are tsunami size, but they keep coming nevertheless.
Until now the waves have been recently small. They are stories like China setting up independent currency swaps with small countries, or the fact that the gold prices have been manipulated. Now some of you reading will just have stopped and said, “Whoa Fox, those aren’t small stories. Those are big news!”.
Well… I’ll respond by saying… well yes they are, and no they aren’t.
You see, these stories are just smaller indicators showing the cracks in the foundation of the financial system; albeit, there are a lot of them.
But these stories fail in comparison to the most recent “waves” that have hit our financial shores as of late.
The big waves I am talking about are the border crisis, or the fact that the Swiss just agreed to abandon the dollar and trade in direct currency swaps with China, and finally, how the Yuan is fast becoming the new monetary power in the world.
Wave 1: The border crisis-
Though it feels like I am beating a dead horse here, the border crisis is a huge sign of collapse. Hundreds of thousands of people flowing from one country into another and sucking up any financial resources in the form of social entitlements is never good. The costs are mounting significantly for the housing and treatment of these illegal aliens.
It is well known that the costs per child are roughly $60,000.00 per head and are climbing and will continue to climb as estimations that another 150,000 children under the age of 18 will cross the border this year.
That number is just the children… another 10,000 per week are adults over the age of 18. These are adults who have no jobs and will need 100% support from the Government.
Not good.
What we see happening is the Cloward and Piven strategy. In 1966 Cloward and Piven wrote that the way to collapse capitalism was to overwhelm the system with financial debts that could not be paid.
A good historical example is this: In 1967 Cloward and Piven founded the National Welfare Rights Organization to increase the numbers of people on the welfare rolls. Through a series of sit-ins, demonstrations, picket lines, and occasional rock throwing, smashed glass, and broken furniture, they succeeded beyond their wildest dreams. By the 1970’s there was one person on welfare in New York City for every two working in the private sector. The city declared bankruptcy in 1975.
Cloward and Piven went on to further create a new organization called ACORN. Sound familiar? As a brief refresher of history does anyone remember who was ACORN’s lawyer?
Barrack Obama, and we all know that he was and still is anti-colonial and communist/socialist in his approach to Government’s role in politics. ACORN has been responsible on many occasions for driving and convincing more and more U.S. citizens to use social entitlements as a way of life.
The money will not stop flowing to the border. We will dump billions, maybe even trillions, into the border crisis. It will be done in the name of humanitarianism, and it will overwhelm and kill the social entitlement system and cause great and terrible damage to the economy, collapsing it from within.
That is the first wave.
Wave 2: The rise of the BRICS, and now the Swiss have agreed to leave the dollar-
Switzerland is well known for its political neutralism and its guarding of the world’s money should it be deposited within their borders. They are well known for their secrecy and amazing security as well.
More recently their plans have been exposed, and we have now found that they have entered into an arrangement with the Peoples Bank of China on July 21st that would allow the two central banks to buy and sell their currencies up to a limit of 150 billion Renminbi/Yuan, or 21 billion Swiss francs ($23.4 billion). The deal will also allow the Swiss central bank to invest some of its huge accumulation of foreign exchange reserves in the Chinese bond market.
Scary stuff…. They are going to invest their “foreign exchange reserves” into and with China… so in other words, they are going to get rid of their American dollar reserves and get into a currency that will be backed by gold soon.
This new move to engage in direct currency swaps with China is another very smart move. It allows Switzerland to isolate itself from the shrinking dollar along with the other 15 plus nations that have agreed to the same thing. The writing has been on the wall for some time. The death of the dollar is soon.
With the BRICS’s now forming their own central bank, and the count of nations who have direct trade agreements with the BRIC’s now hovering over 15, the BRICS have become a formidable power to contend with for global economic supremacy. Even the IMF and the World Bank are growing concerned that the BRICS will outpace them in their development soon.
Many countries are looking for the exit. They are looking for the way to get away from the dollar before everyone else does… it is just a matter of time now… the question is… who will be left holding the bag when the dollar goes away?
This is the second wave.
The Third Wave: The Yuan is fast becoming the new world’s reserve currency-
I have reported on this before for you all. The Yuan is growing in power and influence around the globe. As mentioned above, the BRICS, especially the relationship between Russian and China, is based on sole trade between the Yuan and the Ruble. Just last month Russia and China inked what could be the biggest oil deal in the most recent 10 years, and none of the transactions to buy or pay for the oil will be in American dollars… it will all be in Yuan. This is huge.
Now that Russia and China have shown the world that they don’t need our dollars to act as the intermediary for any oil deals, this will essentially render the “petrodollar” as a dead currency!
To add insult to injury, China has been buying thousands of metric tons of gold at record rates in the past few years. And in the recent year, they have purchased more gold than anyone on the planet.
This signifies one thing and one thing alone… they are going to attempt to make the Yuan a gold-backed currency and show the world that the dollar is weak and should be killed.
Does this surprise any of you? It shouldn’t. This will be the final nail in the coffin of the dollar after everything above has happened.
The Chinese will watch America crumble from within due to the influx of illegals who we have to support with social entitlements. Then the BRICS will continue to form trade alliances with other nations, further isolating us from the rest of the world economically and killing the petrodollar. Finally they will fire the kill shot at our economic head and take out the dollar, promising the world that their currency is “stronger and more stable” than our dollar.
The world will flock away from the dollar. Why would anyone want to be invested in a country that can’t manage their own financial affairs, print money at record rates, and is up to their eyeballs in debt?
This is the third wave.
I caution you as you end the reading of this article… the waves can be overwhelming. Sure there is a lot of really bad things about to happen to America, and you know what… we deserve it. But you the reader have one thing working for you; you’re prepared. You’re ready at a moment’s notice to enact your TEOTWAWKI plan, but what about those that don’t?
I would encourage you to share this article to wake up any friends and family … for they may not have enough time… and nobody wants to see anyone sink into the waves… and disappear.
Signing off… Fox519
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