SCROLL DOWN FOR NEWS LINKS AND VIDEO: The US Dollar is at a tipping point. Do you remember the pact between Russia and China over the agreement between the Ukraine? The US Government threatening Russian with sanction will only create a panic on our weak economy. Russia’s course of action has it dumping the dollar, thus creating a devaluation of the dollar. China will join will with the Russians dumping the dollar. This will have a horrific impact on Wall Street as China moves in to flex its muscle and position itself as a world Superpower. The Ukraine Crisis is the perfect setup for this destructive attack on our economy. Those who believe sanctions are the best alternative at attacking Russia will soon realize that it will be a devastating mistake. Soon the whole world will witness a Global depression the likes that have never been seen before.
Infowars: Earlier this week we noted that an invasion of the Ukraine by Vladimir Putin would likely lead to a complete destruction of U.S. stock markets. It’s not so much the invasion force itself, but rather, the economic maneuvers that would come with it should Russia take this course of action.
Well known economist and founder of the Shadow Stats web site John Williams seems to agree. If Russia were to begin unloading US Dollars it would almost instantly lead to a collapse of not only our financial markets, but our entire way of life. And while Russia alone may not have the economic power to single-handedly crush the U.S. economy, if their trading partners and allies like China got into the mix, coupled with front-running investors who may suspect the move is about to happen, it could well be a blood bath on a global scale READ MORE: http://www.infowars.com/economist-warns-of-collapse-risk-will-not-allow-life-to-continue-as-we-know-it/
KING WORLD NEWS: On the heels of of the US Dollar Index breaking the key psychological level of 80, today Egon von Greyerz warned King World News about the Ukraine crisis, black swans, and a terrifying global economic meltdown. Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, also discussed the implications for investors around the world.
By Egon von Greyerz Founder Matterhorn Asset Management
March 8 (King World News) – Ukraine Crisis, Black Swans & A Global Meltdown
Greyerz: “Eric, we have discussed many times the unprecedented risks in the world today. These risks are the result of the century-long mismanagement of the world economy, based on credit and printed money. So we now have a world resting on the edge of a black hole….
Continue reading the Egon von Greyerz piece below...READ MORE: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/8_The_Ukraine_Crisis_%26_A_Terrifying_Global_Economic_Meltdown.html
ZEROHEDGE: Plenty of excuses out there for this evening’s collosal miss in Chinese exports (-18.1% YoY vs an expectation of a 7.5% rise) mainly based on timing issues over the Lunar New Year (but didn’t the 45 economists who forecast this data know the dates before they forecast?) This is a 6-sigma miss and plunges China’s trade balance to its biggest miss on record and 2nd largest deficit on record. Combining Jan and Feb data (i.e. smoothing over the holiday), exports are still down 1.6% YoY – not good for the much-heralded global recovery. Exports to the rest of the BRICs were all down over 20% but no there is no contagion from an emerging market crisis READ MORE: http://www.zerohedge.com/news/2014-03-07/chinese-exports-collapse-leading-2nd-largest-trade-deficit-record
ECONOMIST WARNS OF COLLAPSE