federalresrve

Separation of US Treasury and Federal Reserve Begins

H.R. 24 ‘Audit the Fed’ Bill Passes in House

By JC Collins

With all of the other economic and geopolitical events which are taking place this week we can now add the passage of the Audit the Fed bill in Congress.  The bill was overwhelmingly passed with a margin of 333 to 92.

Congressman Ron Broun issued the following statement:

“Today’s passage of the Audit the Fed bill brings us one step closer towards bringing much-needed transparency to our nation’s monetary policy. For the past 100 years, the Federal Reserve, a quasi-government agency, has acted under a veil of secrecy – controlling our monetary policy and thus, our economy. While in recent years, the Fed has been granted a greater role in overseeing the regulation of our financial system, current law specifically prohibits audits of the Federal Reserve’s deliberations, decisions, or actions on monetary policy. This lack of accountability and transparency has led to grievous consequences – and it must end.

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SGE

China Gold Exchange Launches Tomorrow

By JC Collins

This site has attracted some of the most intelligent readers on the internet.  Most of them relentlessly search for updated information and confirmation of the probabilities which we discuss here.  When stories break I’m usually provided a link well before I find it myself or other blogs pick up the story and run with it.

One reader who has been with me from the beginning, deejj87, sent me a link last night from Reuters stating that China has advanced the launch of the renminbi denominated Gold Exchange by 11 days.

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Oil-Services-Banner-

Ebola and West Africa’s Offshore Oil

A New Front in the Proxy Resource Wars

By JC Collins

The movement of troops, especially American troops, is the dead giveaway to any broader game plan which is intended to be hidden within the structure of propaganda and media campaigns.  So it is with muted surprise that we hear the news of the United States sending 3,000 troops to help fight the Ebola epidemic in West Africa.

As reported in the New York Times yesterday:

Under pressure to do more to confront the Ebola outbreak sweeping across West Africa, President Obama on Tuesday is to announce an expansion of military and medical resources to combat the spread of the deadly virus, administration officials said.

What isn’t reported in the article is that 1/3rd of all new oil discoveries have taken place in West Africa.  As reported by Business Day back in May:

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Renminbi2

Renminbi is Already A De Facto Reserve Currency

Approaching Rapid Internationalization of Chinese Currency

By JC Collins

“There are signs lately of growing disaffection with the United States dollar.”    – Yves-Andre Istel, former vice chairman of Rothschild Inc.

Sometimes the most obvious truths are hidden right in front of our eyes.  Our inability to see or acknowledge these realities often leads to sudden jarring moments of realization which can’t be ignored.  These rare moments leave us feeling shocked and betrayed but with no one to blame, so the human socioeconomic collective roams the wasted lands of the hinder mind in search of new reference points.

We are presently on a trajectory course heading directly for one of these historical moments.  It can even be argued that much of what is happening in the world today, and has been over the last few years, is the quest for new reference points, not just by the individual, but also the state machinery of the industrialized west.

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The Iraqi flag flutters during the offic

Iraqi Dinar Will Likely Be Demonetized

By JC Collins

As the base structure for the emerging multilateral economic system continues to be built it is becoming increasingly likely that the Iraqi dinar will not survive the transition as first anticipated by many.  The proxy wars taking place in the Middle East and Eastern Europe have splintered many alliances in the socioeconomic and geopolitical worlds.

American industrial interests are attempting to consolidate their control over natural resources around the world.  One front in this resource war can be found in Ukraine where the fate of European alliances will be determined.  One way or another the outcome in Ukraine will force Europe into the waiting arms of Russia and Asia or it will stay connected with America.

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Compliance

Everything Will Be SDR Compliant

Staring Marathon Man

By JC Collins

Every once in a while you come across a quote that is so clear and concise in the message it is attempting to communicate that all things simply fall into the slots assigned them.  The quote below from Marathonman commenting over at Zero Hedge today is such a………well, quote:

“You know I’ve been thinking this stupid ass sanction business is meant to hurry along the death of the dollar.  China, Russia, and the BRICS finish the work and usher in the new SDR type system and the US regime gets to play like, hey it wasn’t our fault.  This regime if not incompetent is most certainly evil.”

Marathonman has managed to explain in three colorful sentences what I’ve been communicating since January in blog post after blog post, and I’d like to thank him for the clarity his comment will bring to thousands. Thank you friend.

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