Our FEATURE today focuses on an ominous event that would " End the American way of life" as stated by author and analyst James Rickards. The International Monetary Fund (IMF) effective 10/01/2016 has added the Chinese currency (Renmimbi) to its' basket of currencies that includes the US dollar, Japanese Yen, Euro and the British pound. Rickards and others had predicted that this event would cause a 50% drop in the US market and a plunge in the value of the US dollar. As of this writing on 10/03/2016 there has little or no reaction in any global markets attributable to this event. While extensive use of hyperbole was used to draw attention to this specific date we recognize that the IMF plan is to put in place a mechanism to convert the present global monetary system into a new system over time and the effects may not be realized for a long period. Other topics include: Deutsche Bank-too big to fail and too big to bail? OPEC cuts production, WTO downgrades global output, economic illiteracy, the Savage Nation sabotaged, Frontline documentary and the UN redistribution program.
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