Debt Deal - See You at the Next Crisis

No Wonder the West is Collapsing

All of this paper manipulation has just been a short-term desperation move on the part of the West. Obviously we've seen interventions in the foreign exchange gold market, which is complimented by activity on the Comex. And basically what is being done by the Fed is a defence of the US dollar.

It simply results in physical gold flowing out from West to East at an enormous rate. Unfortunately, that is the self-destructive move that continues to take place as the West destroys itself. And when you look at China, who thinks in 500-year or 1,000-year time frames vs the West which thinks in one-week and one-day time frames, crisis-to-crisis terms, no wonder the West is collapsing.

- Source, Andrew Maguire via King World News, read the full article here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/18_Maguire_Predicted_Gold_Surge_-_Now_Says_West_Is_Collapsing.html

China Downgrades US Credit Rating

A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington's resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained "unchanged".

Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook, the agency said in a statement.

The announcement came after the US Congress passed and President Barack Obama signed a bill that extends the nation's borrowing authority and ends a two-week government shutdown...

- Source, France 24:

http://www.france24.com/en/20131017-chinese-agency-downgrades-us-credit-rating

China to Dominate the World

“We’ve had so many false starts (and promises) -- ‘The economy is going to be great in 2010,’ and it’s not. ‘It’s going to be great in 2011, 2012, 2013,’ and it’s not. Now, they are already talking about it being ‘great in 2014.’ But we are actually regressing, even though they (central planners) don’t want to admit it, because the numbers are all manipulated in one way or another.
It will happen that gold will be accepted as the asset to back a (major) currency. And the currency with the most gold behind it, which I suspect is already the Chinese yuan, and growing rapidly, will be the dominant currency going forward. Of course this doesn’t portend well for all of the central planners currencies. They (the Chinese) are doing the smart thing by buying real physical assets. So I guess the best way of putting it is, just follow the Chinese, my friend, and you are going to be OK here.”

- Source, Eric Sprott via King World News, read the full article here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/19_Billionaire_Sprott_Says_Gold_%26_China_To_Dominate_The_World.html

CHASE Imposes Capital Controls

Are capital controls on the way? Is the US going the way of a Banana Republic?

Dollar is a Laughing Stock Worldwide

CNBC's Jim Cramer said the U.S. is "a laughing stock around the world, maybe worse than Italy in some ways when I look at benchmarks. We have obviously lost the faith of a lot of countries."

"If there was a way to be able to take your money out of this country and put it in Germany ... if I were Brazil, if I were Japan I would do it immediately," he said Thursday on "Squawk Box."

He went on to say that the slumping dollar index, which measures the greenback's value against a basket of currencies, reflects the current sentiment of investors around the world. They are saying "lets go into gold, lets get out this dollar ... lets not be in bonds in the United States, we'd rather be in any other currency because they basically have lost control," he said.

"There is a notion that there's a party dissolution, there's no coming together. ... This is a good opportunity—between now and the next wrangle—where you can find a safe haven. Whether it be gold, whether it be the euro, or whether it be, frankly, the Chinese currency," he said.

The dollar was last down 1.1 percent to 79.64, and off of a one-month high of 80.754 that had been sent on Wednesday.

Many investors believe that the temporary deal to avoid U.S. debt default might prompt the Fed to hold back from reining in it's massive bond buying program, and may weigh the dollar down further. Cramer noted that the liquidity of the U.S. market is a positive side, but he thinks "the Federal Reserve is in there buying every bond they can right now."

- Source, CNBC:

http://www.cnbc.com/id/101121149

Next Crisis in 90 Days

Max Keiser - De-Americanizing

In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss stop logic and victory vomit in a de-Americanized world. In the second half, Max interviews Rowan Bosworth-Davies, a former fraud squad detective, about crime being what you call it - so let's call it a racket or organized crime as practiced in the City of London.

- Source, Keiser Report:

http://www.maxkeiser.com/

The Most Undervalued Assets on Earth

Jeff Nielson from Bullion Bulls Canada join us for an in-depth precious metals and monetary Ponzi update. We discuss the absurdity of the CFTC declaration that there is no provable manipulation in the silver market, we discuss the near total control of THE ONE BANK which controls nearly 40% of the worldwide economy - and we discuss the accelerating collapse of the Church of Scientology which is an excellent allegory for the near total collapse of confidence in the United States government and the monetary Ponzi scheme known as Wall Street and the Dollar.

- Source, Jeff Nielson via SGT Report:

http://sgtreport.com/

Jim Willie - Systems Are Breaking Down

Dr. Jim Willie, Publisher of the Hat Trick Letter, thinks, "Reversal in the Treasury bond market could be a death blow for these zombie New York banks . . . These big banks are in danger of imploding." Dr. Willie predicts, "I don't think the Fed is going to taper its bond buying. I believe they are going to double it." Dr. Willie goes on to say, "The Fed will say let's continue QE, and instead of suffocation from rising rates, we'll have drowning from rising costs. . . . They are going for drowning because it's slower."

- Source, Jim Willie via USA Watchdog:

http://usawatchdog.com/systems-are-breaking-in-treasury-bond-market-dr-jim-willie/

Gold and Silver Prices Will Explode in Dollar Terms

Economist Dr. Paul Craig Roberts contends, "The situation is unsustainable." It will blow up at some point, and Dr. Roberts predicts, "It will be worse than the Great Depression because in the Great Depression, prices fell along with employment. Now, prices will be rising and employment would be falling. . . . Gold and silver prices will explode in dollar terms."

- Source, USA Watchdog:

http://usawatchdog.com/paul-craig-roberts-obama-could-govern-as-a-dictator/

Surging Stocks and Slumping Economy