- In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”.
- It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world.
- In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto.
- After all, no matter where in the world you buy one, a Big Mac generally consists of the same ingredients– two all beef patties, special sauce, etc.
- A Big Mac currently sells for 49 pesos in Mexico, for example; at the current exchange rate, that’s about $2.23 US dollars.
- Meanwhile in Switzerland, a Big Mac sells for 6.50 francs, or roughly USD $6.35.
Read more at:The US Dollar Is Now Overvalued Against Almost Every Currency In The World
- In my last article, ‘How Globalists Predict Your Behavior’, I outlined the primary method globalists use to measure public consent, or, public dissent. The use of macro-analytics and the hyper-monitoring of web traffic is a powerful tool at the disposal of the establishment for gauging shifts in public consciousness in real time.
- For example, in early 2016 the elites were entirely aware of the rise of conservative and sovereignty movements in the U.S. and Europe. In fact, the dangers of growing “populism” were all that elitists and their publications talked about for the first six months of the year. At first, this notion seemed a little odd to me. Generally, when globalists are attempting to manage public opinion, they are careful not to reveal the slightest hint that conservative movements exist beyond an “extremist fringe”. They certainly never suggest that there is a massive undercurrent of nationalism ready to topple the globalist structure.
Read more atHow To Predict The Behavior Of Globalists
- Whenever The New York Times or some other mainstream news outlet holds itself out as a paragon of professional journalism – by wagging a finger at some pro-Trump “fake news” or some Internet “conspiracy theory” – I cringe at the self-delusion and hypocrisy.
- No one hates fake news and fact-free conspiracy theories more than I do, but the sad truth is that the mainstream press has opened the door to such fantasies by losing the confidence of the American people and becoming little more than the mouthpiece for the Establishment, which spins its own self-serving narratives and tells its own lies.
- Rather than acting as a watchdog against these deceptions, the Times and its mainstream fellow-travelers have transformed themselves into little more than the Establishment’s apologists and propagandists.
- If Iraq is the “enemy,” we are told wild tales about how Iraq’s non-existent WMD is a danger to us all. If Syria is in Washington’s crosshairs, we are given a one-sided account of what’s happening there, black hats for the “regime” and white hats for the “rebels”?
Read more at:How The New York Times Plays With History
- Following yesterday’s openly confrontational, deliberately protectionist presidential address, which in various circles has been dubbed the “American carnage” speech, some of Obama’s closest foreign friends are scrambling to find a role in a world that has drastically changed in less than 24 hours. One of them is the foreign leader whom Obama spoke to last before vacating the White House, German Chancellor Angela Merkel, who vowed on Saturday to seek compromises on issues like trade and military spending with U.S. President Donald Trump, adding she would work on preserving the important relationship between Europe and the United States.
- “He made his convictions clear in his inauguration speech,” Merkel said in remarks broadcast live, a day after Trump vowed to put ‘America first’.
- Speaking at a news conference in the south-western town of Schoental, Merkel – finding herself in a world where many of her legacy friends have been swept away by the tide of “populist anger” – suddenly struck a more conciliatory tone toward Trump than Vice Chancellor Sigmar Gabriel, who on Friday said Germany should prepare for a rough ride under the new U.S. president.
Read more at:German Press: “That Was No Presidential Speech; That Was A Declaration Of War”
- On August 15, 1971, President Nixon killed the last remnants of the gold standard.
- Since then, the dollar has been a pure fiat currency, allowing the Fed to print as many dollars as it pleases.
- Removing the US dollar’s last link to gold eliminated the main motivation for foreign countries to store large dollar reserves and to use the dollar for international trade.
- At this point, demand for dollars was set to fall… along with the dollar’s purchasing power. So the US government concocted a new arrangement to give foreign countries another compelling reason to hold and use the dollar.
- The new arrangement, called the petrodollar system, preserved the dollar’s special status as the world’s reserve currency.
- In short, the US government made a series of agreements with Saudi Arabia between 1972 and 1974, which created the petrodollar.
- The Saudis would use their dominant position in OPEC to ensure that all oil transactions would only happen in US dollars. And the US would guarantee the House of Saud’s survival.
Read more at:Trump And A New Gold-Backed Dollar
- Billionaire investor George Soros spoke to Bloomberg TV in Davos, and said the euphoria among stock investors since the victory of President-elect Donald Trump will end as uncertainty takes over.
- Talking his book, Soros said that “uncertainty is at a peak and actually uncertainty is the enemy of long-term investment,” The chairman of Soros Fund Management added “I don’t think the markets are going to do very well. Right now they’re still celebrating but when reality comes it will prevail.”
- “When reality comes, it will hurt markets” he warned.
- As a reminder, the WSJ reported last week that Soros lost nearly $1 billion as a result of the stock-market rally spurred by Trump’s surprise win in November. Soros became more pessimistic immediately after Trump’s election. But stocks rallied on expectations that Trump’s policies will boost corporate earnings and the overall economy.
Read more at:“He Is Going To Fail”: Georges Soros Slams “Would Be Dictator” Trump
- The CIA is under pressure from a lot of individuals and groups that question the agency’s relevance in today’s world, even Jack Ma dropped the comment at Davos that $14 Trillion was ‘wasted’ on wars over the years. As we explain in Splitting Pennies – Understanding Forex – The CIA has been a currency manipulator and agency-employee for the banks, since inception. Now, we have the evidence. Due to overwhelming public pressure, the CIA released 13 Million files online which are more than 25 years old, you can search this treasure trove here: Access CIA Crest archive by clicking here.
- Bear in mind that, this is a view ‘back in time’ in an age before computers, we can only surmise based on facts and evidence how the agency is involved in FX operations today. Notably, they were the hand twisting the Swiss arm in 2011 that led to the final destruction of the world’s only ‘real’ currency that had any value intrinsically; the Swiss Franc. Now let’s go back to 1957 to examine our first case example:
Read more at:CIAs role in financial markets EXPOSED by documents release