Falling Emerging Market Currencies Prove Dollar-Fraud

February 10, 2014

Since roughly the beginning of this year; we have witnessed what is being characterized by the Corporate media as “the worst selloff in emerging-market currencies in five years”. This comes several months after our authorities began a (supposed) investigation into the serial rigging of currency prices in global FX markets by various tentacles of the One Bank.

Only the most naïve or obtuse of readers would not immediately suspect that we are witnessing yet another, monstrous financial crime by this rapacious crime syndicate. It is thus both ironic and amusing that as the mainstream propaganda attempts to pervert and conceal what is really occurring here that it inadvertently described what is taking place, in this Bloomberg headline:

Contagion Spreads in Emerging Markets as Crises Grow

Of course the “contagion” (or disease) which Bloomberg refers to is none other than the One Bank, itself. Simply and literally, this financial cancer destroys everything it touches, as part of an overall campaign to suck-out all of the world’s wealth.

How do we prove the One Bank’s guilt in this crime? The same way we prove guilt with any other crime: means, motive, and opportunity. Both “means” and “opportunity” are very obvious here; given that we are dealing with a financial monopoly which literally controls and operates all these markets. However; it is worthwhile to explicitly delve into the One Bank’s means for perpetrating these financial crimes – as it also epitomizes why smashing this crime syndicate is the primary imperative of our era.

Let me first revisit the Swiss research which defines the One Bank, itself:

In detail, nearly 4/10 of the control over the economic value of [all transnational corporations] in the world is held, via a complicated web of ownership relations by  a group of 147 TNCs in the core, which has almost full control over itself…an economic “super-entity”…3/4 of the core are financial intermediaries.

Obviously when the Swiss academics refer to 40% “control” of all of the world’s “transnational corporations”, they are not talking about minority-interests of all these corporations, but rather 100% control being exerted over 40% of all the world’s largest corporations. Thus when the Swiss academics refer to a “super-entity” what they are really describing is a corporate monopoly so enormous in size/scope that it makes Microsoft or Google look like corner grocery-stores in comparison.

More specifically; with the research indicating that 75% of this Mega-Monopoly is composed of “financial intermediaries”; we are clearly dealing with (primarily) a Financial Monopoly. Here; the research does name names:  JPMorgan Chase & Co, Goldman Sachs, Bear Stearns, Lehman Brothers, T.Rowe Price, UBS AG, Barclays PLG, Merrill Lynch, Citigroup, Deutsche Bank AG, Morgan Stanley, Prudential Financial, Franklin Resources, Credit Suisse, Commerzbank AG, and Bank of America. These are merely some of the One Bank’s 147 tentacles, and obviously some of these tentacles have since been cannibalized.

These Big Banks and quasi-financial institutions allow the One Bank to control all markets. This crime syndicate can (and does) employ both hi-tech tools (i.e. the abominable trading algorithms) and extremely intricate/devious financial scams (i.e. the derivatives market). However, what needs to be understood is that with control this absolute, market-manipulation can be a much simpler game.

All that the One Bank need do is conduct sham-transactions between its various tentacles, and it can create a “cascade effect” in any market it chooses – the appearance that any market, anywhere in the world is “collapsing”. Of course; as we see with the previous Bloomberg headline, and the propaganda which accompanies it, most of these market crimes are tag-team operations.

In the very long Bloomberg article on the collapse in currency prices which accompanies its sensational headline; there is not a single mention of the current, ongoing investigation into the rigging of these very same currency prices. Rather, all we see is an accomplice, providing “cover” for more of the One Bank’s rapacious market crimes.

This becomes obvious simply by looking at Bloomberg’s own, past reporting. Back in October of last year; Bloomberg published an article with the following headline:

U.S. Said to Open Criminal Probe of FX Market Rigging

Three days ago; Bloomberg produced a video clip entitled:

What if the BOE Did Condone FX Market-Rigging?

Clearly, it is not possible that this multi-billion dollar media organization could suffer a mass-amnesia attack every time it reports on the so-called “collapse” in emerging market currencies. Instead, we have it deliberately censoring the most-likely explanation for the plunge in value of these currencies.

This will become more obvious when we examine the One Bank’s motive for perpetrating this crime in FX markets. Here we need look no further than “tapering”. The propaganda machine itself has told us that the only thing supporting U.S. equity market bubbles, and the U.S. Treasuries market bubble is the very same money-printing which the Federal Reserve now claims to be reducing.

So how does the One Bank prevent U.S. markets from going “kaboom” as the visible props are removed from these bubbles? It launches a massive market attack and propaganda campaign attempting to destroy confidence in virtually every other market/economy on the planet. Read through the Bloomberg mythology on “the emerging market crisis”, and we find that according to the propagandists the only markets on Earth where (supposedly) confidence hasn’t been “shattered” is in the U.S. and Europe – domicile of the One Bank.

This is nothing but a gigantic Reverse Beauty Contest. Draw mustaches on the faces of all the Emerging Market “contestants”; and the West’s “contestant” (the U.S. dollar) wins – by default – as least-ugly. What makes this whole, supposed crisis totally surreal is that unequivocally the U.S. dollar is the most-worthless of all the world’s currencies (i.e. the ugliest paper of all). Put another way; it is mathematically/economically impossible for any other currency to fall in value versus the dollar.

The dollar is fundamentally worthless based on three different, objective measures, and it also has (by far) the worst supply/demand fundamentals of any major currency. Not only is the world flooded with a ridiculous glut of this paper; but we have entered a new (permanent) paradigm of declining demand for dollars – as the world moves to a new “reserve currency” (China’s renminbi).

Even if global currency-traders decided to favor dollars on any one particular day (due to some short-term quirk); it is impossible not to be aware of this gigantic Sword of Damocles poised above anyone foolish enough to hold any significant quantities of dollars. Simply; in a rational/legitimate/legal world we could never see any sustained trend where the dollar could rise in value versus any other currency – let alone versus virtually all currencies, simultaneously.

It is the One Bank’s current attack on Emerging Market currencies which thus proves the fraud of the dollar itself. A currency which pays no interest to its holders and is fundamentally worthless is (supposedly) the most-desired money on the planet at this moment. Yet it is the bankers themselves who have told us on infinite occasions that the one (and only?) advantage/reason for people to hold their paper currencies rather than gold (or silver) is that “gold pays no interest” to its holders.

We’re told by these bankers that this is a permanent disincentive to hold gold and silver. But with the U.S.’s permanent 0% interest rate; these same bankers tell us that (supposedly) an interest yield is now irrelevant to demand. What this really means that the only possible “world” where this simultaneous collapse in Emerging Market currencies could be even quasi-legitimate is if it was accompanied by a massive exodus not into U.S. dollars, but into precious metals – the only rational alternative.

All Emerging Markets have greater-than-0% interest rates, and paper currencies which (at the very worst) are equally valuable/worthless in relation to the U.S. dollar. This means the only, possible sustained paper exodus we could ever see is away from dollars, and towards these other currencies.

Black is white. Up is down. Worthless is valuable. In our global fraud-markets, where the One Bank rages out of control; anything is possible.

Jeff Nielson


Jeff NielsonJeff Nielson is co-founder and managing partner of Bullion Bulls Canada; a website which provides precious metals commentary, economic analysis, and mining information to readers/investors. Jeff originally came to the precious metals sector as an investor around the middle of last decade, but soon decided this was where he wanted to make the focus of his career. His website is www.bullionbullscanada.com.

In the Aztec language the name for gold is teocuitlatl which means "excrement of the gods."