Does the collapse of the U.S. dollar begin to speed up November 1? If it does, it could trigger an event worse than the current economic recession we find ourselves dealing with right now.
The International Monetary Fund’s executive board is scheduled to meet to decide on whether to include the yuan, also known as the renminbi, alongside the U.S. dollar, euro, Japanese yen and British pound their ‘Special Drawing Rights.’ SDR is a less ominous way of saying ‘world money.’
If this happens, the Central Banks around the world will begin to off load some of their dollars to “spread the risk,” and in the end, without the dollar as the world currency, our dollar begins to become worth no more than the paper it is printed on. In fact, it’s possible that a yuan reserve currency will trigger a transfer of $1 trillion into Chinese assets in less than two years.
Much of the money pouring into the yuan will result in sales of U.S. Treasuries – how most governments hold dollars. When foreign governments start to dump the $6 trillion they hold, U.S. dollars will flood the market and trigger massive inflation.
Furthermore, the race to dump the U.S dollar has already started – even before we get a yuan reserve currency. The IMF’s plan to dethrone the U.S. dollar is in fact part of a larger scheme to put the IMF in charge of the world’s monetary system.
When it happens, another block in the “fundamental transformation of the United States,” will be complete.
As President Obama and his entourage, including California Governor Jerry Brown, jet off to Paris on Air Force One to attend the United Nations Paris Climate Change Conference that begins November 30, a new sustainable energy scandal has erupted.
Unfortunately, the Progressive media will cover the administration’s ass rather than cover the story.
Spain’s Abengoa SA, which received $3 billion in administration sustainable energy loans and Export-Import Bank guarantees, announced that it has started bankruptcy proceeding and may soon default on its debt. The company has 607 independent subsidiaries, 17 associates, 28 joint businesses and 244 temporary joint ventures spread out over more than 50 countries.
The complicated legal structure of Abengoa SA means that if it defaults, the Obama Administration cannot look to any of the other subsidiaries to collect on the $3 billion of loans and guarantees. Under Spanish law, the preliminary creditor protection request granted Abengoa SA is a four-month leeway to suspend debt payments while it negotiates with its creditors.
The National Security Agency has supposedly ended its data collection of Americans’ phone records over the weekend. In its place will be a so-called ‘new, scaled-back system’ that has been in development over the last few months.
Under the law, the NSA and other law enforcement agencies are prohibited from collecting telephone-calling records in bulk to sniff out suspicious activity, a practice that was allowed under Section 215 of the USA Patriot Act of 2001. Analysts must now get a court order to ask telecommunications companies to enable monitoring of call records for specific people or groups for a period of up to six months.
The new program came about as a part of the USA Freedom Act, which Congress passed at the end of May.
Davis County, Utah Attorney Troy Rawlings is investigating Nevada Senator Harry Reid in connection with a pay-to-play scheme involving two former Utah attorneys general. Reid has denied wrongdoing since a businessman said in 2013 that a former Utah attorney general arranged a deal to pay the senator to get rid of a federal investigation into a software business.
Reid’s name came up as Rawlings looks into the actions of former Utah attorneys general John Shurtleff and John Swallow. The two were arrested after engaging in a scheme where they traded favors with businessmen in trouble with regulators during their combined 13 years running the state office.
Both Shurtleff and Swallow had dealings and received donations from indicted St. George businessman Jeremy Johnson in 2014. Court documents detail how Johnson sought Swallow’s help to ward off civil and criminal investigations into his company’s IWorks’ business interests.
Johnson went on to implicate Reid in two bribery schemes.
Other documents filed in 2014 lay out a series of email exchanges between Johnson, Swallow and the late Provo payday-loan magnate Richard Rawle. They show that Swallow was helping Johnson send funds through Rawle to a contact close to Reid in hopes of securing a meeting with the Senator.
Johnson claimed he needed Reid’s help to make a Federal Trade Commission case against him, disappear. The same documents show that Johnson sent Rawle $250,000, some of which allegedly went to Swallow.
Johnson recorded conversations between himself and Shurtleff which also include how a group of online poker business owners funneled $2 million to Reid in 2010 to get the Nevada Senator to introduce legislation legalizing online poker. Reid had promised Nevada’s gambling industry a federal law to legalize Internet poker by the end of 2012, calling it Nevada’s “most important issue” since the nuclear waste dump at Yucca Mountain was scuttled.
Swallow has pleaded not guilty to bribery charges and Shurtleff has pleaded not guilty to obstructing justice charges. Both have trials scheduled in 2016.
A new challenge is going viral on social media, called the Condom Challenge. It’s supposed to raises awareness for safe sex, but experts say the challenge doesn’t explaining the benefits of condoms to teens, and comes off as a silly stunt.
How it works: a person takes a condom, fills it up with water, and then has a partner drop it over the top of his or her head. It forms a bubble around the persons face for several seconds before popping.
It seems to me that this ‘challenge’ is more about getting 15-seconds of fame than it is about ‘safe sex,’ — which in of itself is an oxymoron.
So a White cop kills a Black teen, high on PCP and waving around a knife, by shooting him 16 times. That is a news story – but it is being misused for the benefit of an agenda.
After all a Black student from Jackson State University is accused of going on a shooting spree and randomly selecting his targets in Jackson, Mississippi, but the Progressive media remains silent. Move along — nothing to see here — or is there?
Both of the targets Zebulum Lael James took aim at were white women, Suzanne Hogan and Kristy Lynn Mitchell. James went on the shooting rampage November 20, killing Hogan as she pumped gas and then Mitchell in the parking lot of a Logan’s Roadhouse.
It doesn’t make sense that a ‘poop swastika’ creates fake outrage on the campus of Mizzou and the media practically has an orgasm trying to cover the manufactured protests, the football and hunger strikes and the safe places, while the murder of two people rates not even on mention. Furthermore, if a ‘shit-stika’ can rate an investigation by the DOJ as a ‘hate crime,’ a double homicide should get the same treatment.
I’d like to know if he was affiliated with Black Lives Matter at Jackson State University.
Why the silence about such a brutal event? It’s hard to understand.
From the Daily Mail – “The student accused of murdering and raping his teacher was seen in surveillance footage rolling a recycling bin down a hallway and outside the school in court on Monday. Philip Chism, 16, sat quietly and emotionless while jurors watched video of him dragging the large blue recycling bin the prosecution claims contained the body of Colleen Ritzer, his math teacher at Danvers High School in Massachusetts.”
He is then seen returning to school with his pants covered in a dark red substance that appears to be blood. Fox Boston reports that jurors also saw footage of Chism walking into a nearby AMC movie theater that afternoon where a ticket for the film Gravity was purchased by someone on Ritzer’s credit card.
Chism, who was 14 at the time in October 2013, has admitted to killing his 24-year-old teacher, but is pleading not guilty on the grounds of insanity. Jurors also heard on Monday that Ritzer’s blood was found on a box cutter which was in Chism’s backpack as well as all the clothes he was seen wearing on the surveillance footage.”
Instead, we get to hear all about how a 17-year-old Black kid brandishing a knife and high on PCP, was gun down by a White Chicago cop. The media is quick to get on a news story like that fits their agenda which simply put claims “White people hate Black people and Black people can do no wrong.”
No word of condemnation yet from President Obama. And the Progressive media’s pretty fucking quiet too.