…And Why It Could Happen Again…

August 23, 2015

Share this…EmailFacebookTwitterLinkedinGoogleReddit On Friday, the Dow Jones Industrial Average dropped 531 points, basically tying for the 9th worst point decline in history. Of course, point declines and percentage declines are not the same. In percentage terms, the 3.2% drop barely registered historically. It would take a 7% drop to even crack the top 20 in […]

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Russia, China, Iran, and the Dollar as Reserve Currency–Part Four

August 19, 2015

Share this…EmailFacebookTwitterLinkedinGoogleRedditWe have long discussed the threats against the dollar as well as dire predictions that the dollar would lose its reserve currency status. But historically, it has been the position of the U.S. Treasury and U.S. State Department that the dollar would remain, well, as sound as a dollar. So, you can imagine our surprise when […]

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Russia, China, Iran, and the Dollar as Reserve Currency–Part Three (of Four)

August 18, 2015

Share this…EmailFacebookTwitterLinkedinGoogleRedditThis is the third part of what is now a four-part update. As a reminder, Part One shared about the Russian economic collapse and the implications for global economic war. Part Two covered the Chinese slowdown and IMF (temporary) rejection of the Yuan and the implications for global economic war. Part Four will discuss developments with […]

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Russia, China, Iran, and the Dollar as Reserve Currency–Part Two

August 15, 2015

Share this…EmailFacebookTwitterLinkedinGoogleReddit Last week China shocked traders with a surprise devaluation of the Yuan, sparking fears of a currency war. Many had believed that September would begin a move to make the Chinese Yuan the primary reserve currency for the world, displacing the dollar. Imagine the shock when the Yuan fell against the value of the […]

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Russia, China, Iran, and the Dollar as Reserve Currency–Part One

August 14, 2015

Share this…EmailFacebookTwitterLinkedinGoogleReddit So much has happened in the last couple of weeks that we will just have to hit the highlights and spread the topic out over multiple posts. The first thing to understand is that Russia is under severe economic stress and this seems to be pushing Putin into a very belligerent position. This […]

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China Believes We Crashed Their Market as an act of Economic Warfare

July 28, 2015

Share this…EmailFacebookTwitterLinkedinGoogleReddit The Chinese have officially accused us of crashing their stock market as reported in The Washington Times: Inside China: Official: China stock crash is U.S. economic warfare By Miles Yu – – Thursday, July 23, 2015 Last month’s stock market crash in China was without any doubt an economic war against China covertly […]

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Why the “Glitch” Is a Reason to Worry

July 11, 2015

Share this…EmailFacebookTwitterLinkedinGoogleRedditLast week the NYSE was shut down for trading for nearly four hours. The official explanation was a technical glitch. Of course, it was the worst glitch in nearly two centuries of trading activity. The last glitch worth mentioning was in 2001 when the exchange was down less than 90 minutes. Almost immediately the government […]

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Greek Tragedy: What a Phase Three Meltdown Looks Like

July 7, 2015

Share this…EmailFacebookTwitterLinkedinGoogleReddit Many who read our Pentagon report on economic warfare want to know “what’s next?” Basically, we outlined a three-phased economic attack in 2009 with two of those phases already complete. We believe that the first phase was an attack that began with 9/11, created a housing bubble response from the Fed, and culminated in […]

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Chinese Market Manipulation at Work?

July 3, 2015

Share this…EmailFacebookTwitterLinkedinGoogleRedditSeveral years ago I was brought into a secretive U.S. government agency. Senior people there had read my book Secret Weapon; How Economic Terrorism Had Brought Down the U.S. Stock Market and Why It Can Happen Again. They wondered if the mechanisms I had described could be used as a weapon against other nations. […]

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A Record Number of Americans Fear an Economic Crash and Our Adversaries Have Noticed

June 29, 2015

Share this…EmailFacebookTwitterLinkedinGoogleRedditA recent poll suggests that the fear of an economic crash has never been greater with a record 72% of Americans claiming serious concern. Now, couple that with experts from the Bank of International Settlements saying that we are defenseless against the next financial crisis and you can see the potential for problems. Then, add the uncertainties […]

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