Tag Archives: China

Zero Hedge: China Interbank Market Freezes As Overnight Repo Explodes To 25%

20 Jun
Chinese Credit Crunch?

Chinese Credit Crunch?

Is this a black swan coming in to land?

Remember, you read it here second.

Dr. Paul Craig Roberts on gold and gangster capitalism

5 Jun

Dr Paul Craig Roberts

A couple of days ago I had the great pleasure and privilege of speaking to Dr. Paul Craig Roberts, formerly Ronald Reagan’s economic policy adviser at the U.S. Treasury. Although not a fully-fledged Austrian, Dr. Roberts is still very much on the side of the angels, and his thoughts about economics are both deep and interesting. Here’s the interview:

Episode 129: Andy Duncan has the pleasure to interview former Assistant Secretary of the Treasury, Dr. Paul Craig Roberts.

Andy gets straight to it and asks Dr. Roberts about his view on a manipulated price of gold. Dr. Roberts elaborates on how he sees what has occurred since early April, whom was behind it and the reasons why.

Dr. Roberts sees inherent problems with the US dollar system and expresses grave concerns about the systematic fragility due to excess money printing around the world.

Next Andy poses a question as to what could be done to get things back on track utilising the US political system, which allows Dr. Roberts to express his concerns with the current state of the nation before answering an interesting question regarding his recent book “The Failure of Laissez Faire Capitalism and Economic Dissolution of the West“.

Dr. Roberts poses some important questions about libertarian ideals versus human nature before offering some advice for listeners regarding the future.

This podcast was recorded on the 3rd of June 2013.

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The global government paper money plot

18 Mar
Five central bankers plot a new paper money

Five central bankers plot a new paper money

In one of my favourite TV series of recent times, Firefly, a future world is shown to be an amalgam of Anglo-Saxon and Chinese cultures, with the stars of the programme speaking alternately in English and Mandarin.

The series is set in 2517, when two governmental superpowers – the United States and China – fuse together. In doing so, they create an Orwellian world socialist government called The Alliance, which our heroes spend most of their time trying to fight against. The stars of Firefly also did this in their excellent spin-off movie, Serenity, which even challenged The Matrix as being one of the best freedom-based movies of modern times.

But will it take until 2517 before such ‘superpowers’ attempt to wrap us up in the girdling chains of a global socialist superstate? For in plain sight, and using the same Gramscian language as the ‘climate change’ lobby, governmental powers appear to be getting together already, to create a global paper fiat currency. It seems they have perpetual thralldom on their minds for the rest of us, and hope a global paper money will form the new chains.

To my mind, the oncoming storm of a global paper money collapse is certainly anticipated by the world’s claque of ruling bureaucrats.

Some conspiracy theorists might even say it has been planned, to fulfil the tenets of the phrase “from out of chaos, order”. However, I would step back from going that far. Though I do think freeloading deadbeats become rulers by observing the phrase, “never let a good crisis go to waste”.

As current ruling power is based upon paper fonts of wealth – such as the euro and the dollar – what will happen to our current rulers once these fiat currencies shrivel up and die? If I was in their gilded ruby shoes, the solution to me would be obvious. They must try to create a new global ‘super-money’ from the remains of their horrible paper scrips.

And now, from out of China, via a communist-sponsored conference, comes such an organisational attempt. They’ve even designed their own badge for our ‘new money’, which Keynes himself wished to call the ‘bancor‘:

"From Money Chaos to Global Currency"

“From Money Chaos to Global Currency”

This desired currency logo really is quite an ugly mash-up, supposedly with the ‘G’-sign standing for ‘global’. However, for me the whole thing symbolises a chain-wrapped two-celled prison, with the overall ‘G’-sign standing for ‘Government’ or possibly even ‘Gun’.

Conspiracy theorists will particularly like to note the two media partners of the planned event, Reuters and the Financial Times, both of which have long been ‘linked’ to the whole Bilderberg and Trilateral Commission nexus of ruling cognoscenti networks.

Though whether such conspiracies exist, or whether this planned conference is just a sign of desperation from our ‘rulers’, a global fiat currency will only put off the inevitable collapse of paper monies off for a short while. For in the end, freedom and truth will win out. And real wealth-creating and wealth-storing monetary alternatives will emerge along with them, whether these are BitCoin, precious metals, or simple Agorist trading solutions, or possibly all of these mixed up together.

Our nervous governmental apparatchiks can play their well-funded games I suppose, and they will win a little time, especially when backed by their tax-fed intellectual cliques. However, backing pieces of paper by threats of government force never ultimately worked in imperial China. Indeed, whenever such paper monies broke down – taking various Chinese empires with them – it was always a time of tremendous progress within the Middle Kingdom. And so it will be once again, but this time for the entire world. When our current paper monies break down, including this new planned global paper money, we will see tremendous progress both for the onward movement for societal civilisation and for the onward destruction of socialist barbarism.

Though do expect a few chaotic hurdles along the way, which we at The Euro Vigilante stand ready to help you with.

Survive these hurdles by acquiring as much real money as you can. And without wanting to get too heavy on the details of what ‘real money’ is, just make sure it’s something that other people will freely accept in the future without needing a legal tender government gun pointed at their head, to do so. Because when all of the world’s current governments run out of the real money needed to buy bullets for their guns, then we will be operating inside a whole new paradigm.

GoldMoney podcast: David Friedman on monetary freedom

13 Feb

Yesterday, I spoke to Professor David Friedman about the future of money and monetary freedom. You can watch the resulting podcast by clicking on the YouTube below:

Episode 100: GoldMoney’s Andy Duncan speaks to Professor David Friedman, the author of The Machinery of Freedom (1989) and son of the late great economist Milton Friedman. They discuss the possible future of private competing currencies, with surprising conclusions about the resilience of the current global fiat monetary system and the usefulness of gold as a monetary commodity, Professor Friedman thinks the breakthrough and change in money systems will centre around e-money systems, such as BitCoin. As a supporter of fractional reserve banking, he explains why he thinks fractional reserve banking will outdo 100% reserve banks in a completely private competitive monetary system.

Moving on to the development of liberty in the western world over the last 100 years, Professor Friedman describes what he sees as the various movements of power between the individual and the state, the possibility of territorial secessions in Europe and the United States, and how and why he will be writing a third edition of his seminal work, The Machinery of Freedom.

This podcast was recorded on 12 February 2013.

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