More News, Rumors and Opinions Monday Afternoon 8-26-19

Benjamin Fulford:: Weekly Geo-political News and Analysis

Pentagon plans to deport Zionists as global financial reset looms

August 26, 2019    By Benjamin Fulford

The U.S. military-industrial complex is making serious moves against Zionists, preparing to expel many of them to a Jewish autonomous zone in Siberia, Pentagon sources say. While the Pentagon and its allies are quite eager to take on Zionist control, even central bankers and G7 leaders meeting last week in Jackson Hole, Wyoming and Biarritz, France admit that an economic paradigm shift is needed.

These moves are related to talk of a global financial reset that would end Zionist control of privately owned central banks, the sources say.

A whole slew of establishment bigwigs are all now publicly calling for a financial reset.

These include IMF head Christine Lagarde, Russian President Vladimir Putin, Chinese President Xi Jinping, the Rothschild-owned Economist, and others. They have all called for replacing the U.S. dollar with a new international currency.

Such a currency, almost by definition, would fall out of Zionist control because the interests of the world economy and those of the Zionist-controlled corporate U.S. government are in conflict.

“The trade war is a front for the global currency reset,” Pentagon sources confirm. U.S. President Donald Trump has been calling the CEOs of JPMorgan Chase Bank, Bank of America, Citigroup, and others to gain support for his stance on the trade war, the sources say.

The cancellation by JPMorgan Chase of all credit card debt in Canada, the implosion of Deutsche Bank, the General Electric fraud exposure, the yuan devaluation, and a gold-backed dollar were all a part of the ongoing horse-trading for the new system, they say.

However much Trump blusters and makes calls, though, the numbers make it clear that the new system will take power away from the United States. The United States now accounts for only 10% of world trade, but over 70% of global GDP uses the U.S. dollar as an anchor currency, according to the Bank of England. This makes it obvious that any Global Currency Reset would take huge power away from the U.S. corporation.

Trump admitted last week that he might “declare a national emergency” over the issue because “we have a total lost of almost a trillion dollars a year for many years.”

https://www.cnbc.com/2019/08/25/trump-on-us-china-trade-war-i-could-declare-a-national-emergency.html

This is the closest any sitting U.S. president has come to publicly declaring bankruptcy. Other Trump statements and actions all point to some existential crisis. He has tried to take over Greenland and its resources, charge allies for full costs of U.S. military bases “plus 50%,” and put tariffs on everything Chinese, all because of this impending default, multiple sources agree.

The U.S. military is preparing for the ongoing big changes by putting the Army in overall charge of the military while the Navy takes over control of the various intelligence agencies, the Pentagon sources say. This means the new head of all U.S. intelligence agencies is…….

(The rest of the post will be released to the public at midnight Thursday)

https://benjaminfulford.net/

 KTFA:

Samson:  Trade war hits Chinese yuan - 11-year low

2019/8/26 8:29

The Chinese yuan hit a fresh 11-year low against the US dollar on Monday amid concerns over a trade war that is also threatening a global recession, weighing on financial markets.

The yuan has fallen to 7.14 against the dollar, the lowest since the beginning of 2008 in Asian trading. Global economic tensions have intensified in recent days as the United States and China raise tariffs on each other's goods, and President Donald Trump calls on US companies to withdraw from China.  China restricts the conversion of the yuan, which cannot be freely disbursed. 

In recent weeks, the People's Bank of China has been steadily depreciating the yuan, setting it at 7.057 against the dollar. Allowing the yuan to depreciate makes Chinese exports cheaper and offsets some of the burden of US punitive duties.

The yuan crossed the minimum threshold of 7.0 against the dollar earlier in August, days after the United States announced plans to impose new tariffs on Chinese goods from September 1.  The drop from the 7.0 threshold prompted Washington to accuse Beijing of "currency manipulation", but the Chinese central bank "firmly opposed" the designation.   LINK

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SamsonChina ready to resolve trade dispute with US through dialogue

2019/8/26 8:37

Beijing is ready to resolve its trade dispute with the United States through calm negotiations and firmly opposes escalation of the conflict, the government-backed Chongqing Morning Post reported on Monday.

China's top trade negotiator Liu made the remarks at a technology conference in southwest China's Chongqing. 

The comments came after US President Donald Trump announced last week a 5 percent surcharge on some $ 550 billion worth of Chinese goods, the latest move announced hours after China unveiled tariffs on 75 billion US products. Dollars as a retaliatory measure.     LINK

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Samson:    The trade war between America and China is causing oil prices to fall

26th August, 2019
Oil prices fell Monday, pushing US crude to its lowest level in more than two weeks, which caused the Sino - US trade war intensified in the broadcast of confidence in the global economy. 

Brent crude fell 63 cents, or 1.1%, to $ 58.71 a barrel by 0232 GMT, after earlier reaching $ 58.24, the lowest level since August 15.  The price of US oil fell 68 cents, or 1.3%, to $ 53.49 a barrel, after earlier falling to $ 52.96, the lowest level since August 9.  Concerns about the economic slowdown have been raised by mounting trade tensions between the United States and China. The Chinese Ministry of Commerce said late last week it would impose an additional tariff of 5% or 10% on a total of 5,078 US products, including crude oil and agricultural products such as soybeans and small aircraft. 

In response, President Donald Trump said he was asking US companies to look for ways to shut down operations in China and make products in the United States. 

 "The only thing that will lift the storm clouds on the oil markets this week is that China and the US talk and decide to take a reciprocal step," said Jeffrey Haley, a market analyst in Oanda. “I can't see it happening.” The US economy is in a “right place” and the Fed will “act as necessary” to keep the current economic expansion on track, US Federal Reserve Chairman Jerome Powell told an annual economic seminar in Jackson Hole, Wyoming. "  Statements and gave some clues about whether the central bank will cut interest rates at its next meeting. But adding to concerns about a possible recession, US manufacturing industries recorded the first month of deflation in nearly a decade. 

The Brent / WTI spread was minus $ 5.24, after widening 60 cents to settle at $ 5.17 on Friday.The spread exploded after China included US oil for the first time in its customs moves. The US Commodity Futures Trading Commission (CFTC) said hedge funds and other money managers raised their bullish bets on US crude to a three-month high in the past week.   LINK

Jim Rickards Interview with ABC Bullion at ABC Refinery

Published on Aug 26, 2019

ABC Bullion interviewed Jim Rickards, Economist and New York Times Best Selling Author, on 19th August 2019 just before his keynote presentation at our National Conference: A Global Case for Gold. After a personalised tour of ABC Refinery’s operations, Jim kindly made time to cover a number of topics including:

0:11 – Why has China has recently restricted gold imports?

1:55 – Is the dollar shortage in China and other emerging markets a systemic risk to the global economy?

4:45 – What is the future for Australia when its key security partner, being the US, is in a developing cold war with China, its top economic partner?

6:42 – As the world’s second largest gold producer with most of that going to China, how does that complicate Australia balancing it’s relationship between US and China?

8:21 – With Russia looking eastwards and firming its relationship with China do they risk being seen as the junior partner? What do you think about their rapid accumulation of gold reserves and what message does that send to the rest of the world?

12:17 – What is the role of special drawing rights in the future? Can they compete with gold as a supra national reserve asset for central banks?

16:15 – Gold has been in a stealth bull market since 2015, Jim sees the way clear to $2,000 an ounce.

18:32 – Comments on the gold:silver ratio. The interview was filmed in front of the world's first fully automated bullion bar production line, recently commissioned at ABC Refinery’s facility in Sydney.

https://youtu.be/s4frynSpg0M?t=1