China Drops Bombshell On US – Bankers Deaths, Bank Runs, All connected!!

[Ares]

China Drops Bombshell On US – Bankers Deaths, Bank Runs, Financial Bigwigs Running Scared – It Is All Connected!

Fabian4Liberty breaks the news that China has started dumping the US dollar and says if you look around and all the heavy hitters in the financial world they are all saying “the time has come,” for the dollar to cease to be the world’s sole currency.
The Chinese has dumped almost $50 billion of US treasuries, the Japanese have dumped about $4 billion. What Fabian points out is that China is sitting on a record amount of surplus but are not buying US debt with it as they have always have.
The dollar is being phased out.
Add to that the slew of bankers’ deaths, the latest reported just this Tuesday morning, the high level financial workers who have told Fabian they were leaving the country because it is better for their families and better for “their personal safety,” the bank runs in multiple countries and riots in others, and we see it is all coming to a head.
As Fabian highlights, the average American is so dumbed down, they are clueless about the reality of what this complete collapse of the dollar will mean for them.


http://www.youtube.com/watch?feature=player_embedded&v=457YkZ29QQA

Link to video: http://www.youtube.com/watch?feature=player_embedded&v=457YkZ29QQA

http://beforeitsnews.com/economy/2014/02/china-drops-bombshell-on-us-bankers-deaths-bank-runs-financial-bigwigs-running-scared-it-is-all-connected-2596444.html

[Horn]

The dollar was little changed after Federal Reserve policy meeting minutes showed plans to soon change their guidance for the path of interest rates (http://topics.bloomberg.com/interest-rates/) as unemployment declines toward a threshold for considering an increase in borrowing costs. Emerging-market currencies weakened as anti-government protests escalated in Ukraine and Thailand (http://topics.bloomberg.com/thailand/). Japan’s currency slumped yesterday when the central bank (http://topics.bloomberg.com/central-bank/) extended its lending programs.

The JPMorgan G7 Volatility Index fell (http://www.bloomberg.com/quote/JPMVXYG7:IND) to 7.6 percent as of 2:02 p.m. in New York, the lowest level since October.
The yen fell 0.2 percent to 102.42 per dollar after dropping 0.4 percent yesterday. Japan (http://topics.bloomberg.com/japan/)’s currency added 0.1 percent to 140.65 per euro. The dollar added 0.2 percent to $1.3738 per euro after sliding to $1.3773, the weakest level since Jan. 2.



Emerging Markets

The Thai currency fell for a second day as protesters fired guns and threw a grenade at police in Bangkok yesterday, injuring 33 officers. In Ukraine, clashes between police and anti-government activists killed at least 25 people and left hundreds injured in the bloodiest episode of the country’s three-month standoff.
The baht weakened 0.3 percent to 32.58 per dollar after slumping 0.6 percent yesterday. Ukraine’s hryvnia slid as much as 1.9 percent to 9.025 per dollar.
The People’s Bank of China plans to expand the yuan (http://topics.bloomberg.com/yuan/)’s trading band this year in an “orderly” manner as it moves toward a more convertible currency.
The spot rate in Shanghai (http://topics.bloomberg.com/shanghai/) is currently allowed to fluctuate a maximum 1 percent on either side of a daily fixing set by the central bank. The trading band was last widened in April 2012 from 0.5 percent, and before that from 0.3 percent in May 2007. The currency weakened 0.2 percent 6.0764 versus the dollar.


The Bank of Japan (http://topics.bloomberg.com/bank-of-japan/) yesterday doubled a funding tool to 7 trillion yen and said individual banks may borrow twice as much low-interest money as previously under a second facility. It left unchanged a pledge to expand the monetary base by 60 trillion to 70 trillion yen per year.
Japan’s currency will tumble 11 percent to 115 per dollar in 2015, according to a Bloomberg survey of analysts, short of the 120 level economists estimate would be needed for consumer prices to reach the BOJ’s goal.
“As much as policy direction is still pointing toward dollar-yen upside, people are staying on a cautious note,” Geoffrey Yu (http://topics.bloomberg.com/geoffrey-yu/), senior currency strategist at UBS AG in London (http://topics.bloomberg.com/london/), said in a phone interview. “The yen right now, we have been lower, so it’s not exactly a risk-off mode, it’s just that there’s not much interest right now in playing the other side of it.”
The yen has slumped 5.7 percent in the past six months, the worst performer after the Canadian dollar among 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The U.S. dollar (http://topics.bloomberg.com/u.s.-dollar/) weakened 0.7 percent, while the euro strengthened 2.9 percent.


http://www.bloomberg.com/news/2014-02-18/dollar-trades-near-7-week-low-versus-euro-before-fed-minutes.html

[mick silver]

true so true that i dont know what to say at this point ... American is so dumbed down, they are clueless about the reality of what this complete collapse of the dollar will mean for them......... i wonder if the bankers deaths are a show and they have taken there familys and went into hiding . it make one think about what i just said huh