Putin’s comment on the dollar:
https://twitter.com/i/status/1195282924624465927

By Catherine Austin Fitts

I am working on The State of Our Currencies – given Putin’s recent comments, it seems a highly appropriate time to be writing this.

We will publish this in December – if you have questions on the future of the dollar and global currencies, please post here!

Audio is now posted! Click here.

45 Comments

  1. Since you asked for questions, Catherine, we’ve heard people telling us for many years now that the dollar will be collapsing, but it still hasn’t happened.

    So with this in mind:

    1) Do the people running the show have such expertise that they can continue doing the kinds of things that they’ve been doing to the dollar, and still be completely safe from risking any major collapse in its value?

    2) Could there be any value to these same people in intentionally causing a major collapse in the value of the dollar?

      1. Living in Hong Kong, it’s the sesame credit that worries me. Next year it will become mandatory in China, and it is only a matter of time before this kind of total control extends to us. It is being made possible by the technology and digitization of everything. Some friends say how safe they feel nowadays when they travel in China because criminals there will get caught in no time, but it is a double edged sword. Mr. Global really is global.

        1. Yes, indeed. I am reminded that I should look more carefully at sesame credit.

          I believe that part of the battle raging in Hong Kong reflects a currency war. With the PRC creating global capacity to trade the CNY in numerous global capitals, its dependency on Hong Kong for global liquidity diminishes. Why not convert Hong Kong from the Hong Kong dollar and dollar peg?

          Curious to know what you think.

          1. I believe a currency war has been raging for some time now, as can be seen by the bilateral agreements between countries moving away from the dollar. For the time being I think most Hong Kongers would prefer the peg to remain if only for stability’s sake. But the HKD will lose relevance as the RMB becomes more dominant given time, and the peg along with it. Yet HK is a proxy battleground isn’t it, in more than the currency front? We are a chess piece caught in a terrible cross fire. Having lived here more than 30 years I’ve never felt so disheartened as I do today.

            But then again much of the world is so sick with nary a healthy patch. The news coming out of China with its bank defaults look pretty ugly in itself; and I was just joking with a friend the first of many black swans seems to have crashed landed next door in India…we have to gird our loins for 2020.
            https://defence.pk/pdf/threads/bank-collapse-in-india-2-trillion-dollar-debt-bank-runs-economic-collapse-stock-market-crash.644629/

  3. this subject is out of my league.

    1. what is the most important factor in a currency?
    – a means of exchange
    – stored value.
    I do not worry so much about a strong or weak dollar as it seems there are pros and cons for each position depending on your vantage point. the system stabilizes over time.
    2. when i look at the big picture it seems the usa needs to ensure that there are buyers for the usg bonds. so, where is the analysis on who buys the bonds?
    3. so the 14 amendment states:
    The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
    this relates to the putin question. I think he is just engaging in a disruptive smear of the dollar because he would like to weaken the system that he can not control.
    what factor in the western economic system is most at risk due to alliance among russia china and iran?
    4. is the plunge protection team anyway related to the missing money, even in an indirect fashion?

    sorry if these issues have already been addressed i have not had time to read all the solari reports.

    best wishes, laura

  4. Maybe the much anticipated reset will finally arrive next year. Middelkoop has been talking about the big one for years, and it looks like its time has come. The can has run out of road.

  5. Should we short the dollar? If so, against what currency? What about foreign bonds? I am guessing Russia is a likely beneficiary of the falling dollar. What about stocking up on tangible items that will be going up in price? Crypto will soar, but when everyone is in who is getting in, surely the cryptocracy will pull the rug out from under everyone. Manfred Zimmel has been predicting off the charts US inflation. He likes various commodities, including gold and silver. He predicts the greatest wealth destruction in human history. Making money is out, he say. Preserving a portion of one’s wealth is the only rational goal. Surely such economic disaster will mean another artificially constructed world war.

    1. Christopher:

      I am researching now. Putin’s comment represents an opinion that the dollar is weaker than I think it is. So I am revisiting my analysis to see if a more rapid decline will happen in 2020. Still thinking about it.

      Currency debasement is currently significant in most places – so stick with what is real. There are not magic bullets. If there is no law, than nothing has any value other than what you can secure.

  6. The recent spate of news about how China now wants to introduce its own crypto-yuan, and other central banks doing the same is an indication of where this is going. These will be centralized currencies that the general public will flock to, because they appear safer than the decentralized ones. Central bank digital currencies CBDCs will be what 2020 will bring I guess.

    1. A central bank crypto backed by gold, including one issued by a brics consortium will attract a lot of money. Making it transactionally reliable for major liquidity will take time.

      1. But I wonder if they need to back its digital money with gold; I make the distinction between digital and crypto because after all around 97% of the money supply is already digital isn’t it? It really isn’t that much of a leap if they made everything digital. Personally I don’t look forward to that, as the total control inherent in such a monetary system is horrifying.

  7. I suspect that another 9-11 would be too suspicious. Before a new digital currency can be introduced, the general public will have to be primed by a convenient war, a “natural” cataclysm of some sort, or a Hollywood-assisted alien invasion. A digital dollar replacement will be the convenient solution to the “unexpected” monetary crisis.

    1. One of the things I am considering is how a digital dollar replacement is rolled out when there is this much infighting.

    2. The national news is ignoring the local reports both in the US and abroad of pervasive crop failures. Beet, wheat and corn in particular. Beef prices will fall as ranchers send cattle to slaughter before they are fully mature due to feed shortages. But that only sets the stage for higher beef prices several months to a year from now. If the grand solar minimum has not started (some argue we have another solar cycle to go before it begins), then we are still in a down trend, setting lower lows and lower highs as, due to the waning magnetosphere, the jet streams are meandering our of their customary channels. So, watch for sharp increases in food prices during the months to come. That may provide the natural cataclysm.

      1. Yes, I’ve been following Yanasa Ama Ranch’s reports on YouTube (all demonetized, probably for not meeting “community” standards)

      2. The corporate channels are underreporting. But then, they are not news are they? 🙂

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