Tag: currency

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George Sorbane Quotes: “Hey Americans, he screamed furiously at the drones. Brothers of the wolf, sisters of the wind, children of the Sun! Send the Choctaw warrior a quick and merciful death, instead of abandoning us into slavery or shameful capture”, Ziban Must Die.

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George Sorbane kindle books https://www.amazon.in/Kindle-Store-George-Sorbane/s?rh=n%3A1571277031%2Cp_27%3AGeorge+Sorbane

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1…………> Today’s White House Tweets

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Donald J. Trump @realDonaldTrump

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https://twitter.com/realDonaldTrump?ref_src=twsrc%5Eappleosx%7Ctwcamp%5Esafari%7Ctwgr%5Eprofile

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2…………> COVID-19 War Update: Are We In A Replay Of 1929 Crash?

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As about 30 million people filed for jobless aid in the six weeks since the COVID-19  outbreak began, forcing millions of employers to close their doors and lay-off their work forces, there is news that EU economy plunged into recession, and nearly 4 million workers applied for unemployment benefits last week, with the US economy sliding further into a crisis that is becoming the most devastating since the 1930s.

The Government reported that the economy shrank at a 4.8 % annual rate in the first three months of this year, the sharpest quarterly drop since the 2008 financial crisis, obscuring the grim fact that GDP is expected to contract in the April-June quarter by as much as 40 per cent annual rate, breaking historical records going back to World War II.

As businesses across the country have shut down and laid off tens of millions of workers, the economy has sunk into a near-paralysis in just a few weeks. Factories, hotels, restaurants, department stores, movie theaters and many small businesses are shuttered, while home sales are falling.

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https://www.abc.net.au/news/2020-05-01/coronavirus-update-may-1-world-economic-crisis-deepens-recession/12203620

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3…………>   COVID-19 Ain’t Chinese Made: US Intelligence Report

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US intelligence agencies who have been at odds with President Trump for over three years, being labeled as “Deep State”collaborators, have now concluded that COVID-19 was not man-made or genetically modified, contradicting again the White House official line that expressed doubt at the theory that the  COVID-19 originated at a wet market in China, instead floating the idea that a medical institute in Wuhan was the source.

US analysts say they are still examining whether the origins of the pandemic was due to contact with infected animals, or an accident at a pathogen lab, with the Chinese Academy of Sciences shadowy virology institute in Wuhan has been at the center of theories circulated by President Trump, after all news releases produced by associate scientist were barred from publication last week, yet not surprisingly, the Foreign Ministry dismissed the theories and pointed out the origin of the virus is a complex scientific issue.

The statement from the Office of the Director of National Intelligence clashed with President Trump & Co allies who have advanced yet-unproven theory that an infectious disease lab in Wuhan, the epicenter of the Chinese outbreak, was the source of the global pandemic, which has killed more than 220,000 people worldwide.

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https://www.abc.net.au/news/2020-05-01/us-study-concludes-cornavirus-not-manmade/12204108

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4…………> Shrimps In Hoisin Sauce Dream Shattered: China New COVID-19 Spike?

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A series of new COVID-19 cases in China’s far northeastern Heilongjiang province has sparked concern that a second wave of the virus could emerge in the Asian country, since mid-April, several clusters of COVID-19 infection have been reported in Heilongjiang province’s major cities. The province now has 386 active cases that have symptoms, and 116 recovered cases. Officials claim all of the currently active cases are imported, with most of them being Chinese nationals returning from Russia, following a report from Mudanjiang City, where cases started to emerge after a local hospital took in COVID-19 patients transferred from a small town near the border with Russia.

On April 18, an elderly couple in their 60s tested positive for the virus after transferring hospitals. On the same day, three more asymptomatic cases were reported in Mudanjiang; two patients were medical staff who had treated the couple, and a third patient was a family member. In the end, a total of 14 infections were confirmed in this cluster, and on April 26, city officials issued a statement, asking all residents “not to leave their houses unless necessary”.

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https://www.dw.com/en/china-tries-to-contain-new-coronavirus-outbreak/a-53280411

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5………..> Shanghai Gold Exchange: Is Sorbane’s Predicted “US Tollar” Coming Soon?

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As the rumors of replacing the US dollar being world’s reserve currency abound, it is appropriate to remind the world what George Sorbane wrote in his immortal book, “The Endless Beginning” about the coming new US currency he labeled as the “tollar”(circa 2013):

“Yet the people of the Tea Party could not be ignored either as it was becoming clear that some entrenched Republican types will be voted out and replaced by independents who were about to challenge the massive power of the “Third Hand” and change the direction the country was going in. The “Left” created the “Pee” party, a threatening anti-sanitation mob with a very cloudy “message” that soon gained notoriety for releasing their bodily fluids on telephone poles, city sidewalks and parked police cruisers. Aside from the pollution, the message was to occupy and destroy the institutions of the capitalistic system. The American Communists were bad students after all, having laid dormant all these years after the Vietnam War, like a deadly cancer waiting to strike the mortal blow, having organized themselves in tow with Radical Islamists, lazy European Radicals and Anti Semites worldwide. Yet no one mentioned the core existence of the “Third Hand” and the wholesale exportation of American industry abroad as a new super committee was created to make budget cuts and not surprisingly, all-important decisions were kicked down the road after the elections. So the only way to correct the situation was the stock market that has been gyrating widely, with volatility so high Alex was unable to produce profits from trading stock options, forcing a liquidation of all positions and getting out completely. The market uncertainty had skewed the premiums so much that two strikes five points apart were having the same premium no matter what. Not surprisingly soon after, a trading firm went belly up with some billion dollars missing, and all major brokerages were downgraded by the rating agencies. The decision makers of course had no intention of backing off. Soon new loans were extended to banks in Europe in a push to quell the crisis. The deficit problem was actually a very simple matter to solve based on the old Appalachian gas station joke.

A man crossing into Wheeling, West Virginia from Ohio stops at a gas station to get $10 worth of gas, a cup of coffee and a doughnut. He tenders a twenty-dollar bill. The attendant with a big smile on his face gives back an eleven-dollar bill, telling him he can keep the change. So why can’t we do the same? 

First, give twenty-four hour notice to turn all coins in to get the new currency, 7 dollars per “tollar”. The new “tollar” bill would have the prominent inscription, “In God you trust,” and below that, “We keep the change,” next to the picture of our smiling Secretary of Treasury, and a winking eye on the top of the famous pyramid. There ain’t no way the Tea Party crowds, homeless people and other hoarders will be able to drag all those trash cans filled with quarters to the bank, so right there we reduce the deficit by a trillion or so. Next, since we owe some $15 trillion to those Chinese and Arabs, and 15 is not divisible by 7, we have to make it 14, can’t we? There goes another trillion again. And finally, since the government can keep all the change now, the deficit would be gone soon. Then we can spend money on all those wonderful projects again, like building bridges to nowhere or buying super expensive toilet seats.

It would be wonderful, wouldn’t it? Warm relationships across the Middle East will blossom, with those always smiling brave, unshaved faces of the freedom fighters from the Islamic Jihad loaded with hand grenades waving Kalashnikov rifles, an “Arab Spring” that would finally set us on track toward greatness again as our maternal country, the Islamic Kingdom of Great Britain had done already. The faith of the country was in the hands of the American Electorate. 

The Endless Beginning

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The president of the Shanghai Gold Exchange (SGE) Wang Zhenying believes that a new universal, hard currency is needed to develop international trade when the world enters the post-pandemic period, since the dollar’s dominance will cause many problems for other countries due to the Fed’s low-interest rate policy, after several EU countries, Japan and the US have resorted to negative interest rates, following the Federal Reserve System lowering the rate to 0.00-0.25, allowing for a virtually infinite policy of quantitative easing aimed at supporting economic growth.

As the US is using the dollar as an instrument of political pressure on other countries, slapping sanctions against Iran, North Korea’s, and possibly China, trade partners cannot pay for oil, metals, minerals and medicines in dollars, with threats to disconnect its geopolitical rivals from the international payment system SWIFT.

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https://sputniknews.com/business/202004301079146765-shanghai-gold-exchange-world-needs-new-kind-of-currency-as-alternative-to-dollar/

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