US-China War May Be “Just A Shot Away”

By Mark O’Byrne -Re-Blogged From Gold Eagle

– “World’s most dangerous hotspot” is in the South China Sea
– Currency and trade wars can lead to shooting wars warns Rickards
– Chinese buildup in South China Sea like ‘preparing for World War III’ says US senator (see news)
– U.S.-China shooting war could be, as Mick Jagger put it, “just a shot away…”


Chinese President Xi Jinping speaks after reviewing the Chinese People’s Liberation Army Navy fleet in the South China Sea on April 12. Xi has urged the PLAN to better prepare for combat, according to state media reports. (Li Gang/Xinhua via AP)

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Currency War Erupts

By Bloomberg – Re-Blogged From Newsmax

The currency war has arrived.

So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. U.S. President Donald Trump on Friday accused China and the European Union of “manipulating their currencies and interest rates lower.” The comments came after the yuan plunged to its lowest level in a year, with little sign of China’s central bank intervening to stem the slide. They also follow a decline in the euro this year and add to the calculus that European Central Bank policy makers might need to consider when they meet next week.

Image: Currency War Erupts, Threatening to Ripple Across Global Markets

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Keep The Money Game Churning

By GE Christenson – Re-Blogged From http://www.Gold-Eagle.com

There is money to be made so the game must be played…  It’s always “ShowTime” in the financial markets.  What is the game plan?

Levitate the bond market. See chart below.  Keep those interest rates dropping so the bond market continues its 35-year climb.  Oops – $7 Trillion in bonds with negative interest rates, at last count, with more from Japan this week.  Have we reached a limit?  Probably not, but what could go wrong lending money to insolvent governments who guarantee they will return less than they borrowed in 10 years?

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All In The Same Boat

By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com

No doubt the financial and economic stresses are building.  Without even looking at the various and very weak economic reports, talk of and implementation of “negative interest rates” should tell you all you need to know.  We looked at this last G-20 meeting as a possible venue for some type of concerted action or even the announcement of some sort of re set or major change.  Instead, they “publicly” agreed on nothing.

Earlier today, Zerohedge put out an article regarding China’s shadow banking system

http://www.zerohedge.com/news/2016-02-29/china-faces-15-trillion-bombshell-shadow-banking-sector-collapses and the gross leverage involved.  It has also been reported of China’s real estate market, true bubble conditions exist.  “Flippers” are lining up for days or even weeks to queue up and hilariously a 65 square foot “closet” just sold for $585,000!  The latest news is a layoff of about 6 million workers http://www.reuters.com/article/us-china-economy-layoffs-exclusive-idUSKCN0W33DS , does this maybe sound like a burst to the bubble?

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Whoever Does Not Respect the Penny is Not Worthy of the Dollar

By Nick Giambruno – Re-Blogged From International Man

This definitive sign of a currency collapse is easy to see…

When paper money literally becomes trash.

Maybe you’ve seen images depicting hyperinflation in Germany after World War I. The German government had printed so much money that it became worthless. Technically, German merchants still accepted the currency, but it was impractical to use. It would have required wheelbarrows full of paper money just to buy a loaf of bread.

At the time, no one would bother to pick up money off the ground. It wasn’t worth any more than the other crumpled pieces of paper on the street.

Today, there’s a similar situation in the U.S. When was the last time you saw someone make the effort to pick up a penny off the street? A nickel? A dime?

Walking around New York City recently, I saw pennies, nickels, and dimes just sitting there on busy sidewalks. This happened at least five times in one day. Even homeless people wouldn’t bother to bend over and pick up anything less than a quarter.

The U.S. dollar has become so debased that these coins are essentially pieces of rubbish. They have little to no practical value.

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