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Jim Willie: The Gold Crime Out of The Gate Forces Development of The Eastern Gold Trade Standard

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by Jim Willie

July 31, 2014

The contributors are many as actors in the American Tragedy, to cause the systemic breakdown failed state. Faulty monetary policy, economic policy, and political policy have caused the resulting failure. The primary perpetrators are the central bankers, led by Greenspan and Bernanke.Refusal to Repatriate German gold was a crime out of the gate. The motive was to conceal the appropriation (re-hypothecation) of German official gold accounts. The Germans are on notice of gold thefts by their own allies. Germany will work with the Eastern superpowers to develop a USDollar alternative and a Gold Trade Standard. The United States has given the world two choices: war to defend the USDollar, versus work with Eastern Alliance toward the Gold Standard. The motive for actions taken are clearly in defense of the King Dollar Regime. The responses taken are clearly to reinstate the Gold Trade Standard and no longer deal with a toxic USDollar for trade and banking. The unintended consequences are uniform if not universal. The outcome will be to develop the Eastern Gold Trade Standard while the entire Western system crumbles, deteriorates, sinks, and implodes.

 

The contributors are many as actors in the American Tragedy, to cause the systemic breakdown failed state. Faulty monetary policy, economic policy, and political policy have caused the resulting failure. The primary perpetrators are the central bankers, led by Greenspan and Bernanke. These two men have done more to destroy the USEconomy, the US financial structure, the US currency, than any two men of prominence.

To be sure, the Bush, Clinton, and Rubin gang played a huge role in the collapse. Their supporting cast of destructive actors is very long, like the serial bank criminals residing on Wall Street. To be sure, the system itself has played a key role in the harmful factors. The two most apparent harmful resident factors are the strong US labor unions and the influential environmental movement, which together encouraged the vast outsourcing of US industry at first to the Pacific Rim, and then fanning across the developing world. Both workmen compensation and OSHEA regulations interfered with US cost settings, but not as much as USGovt corporate taxes. The textile industry went to India and Pakistan, even Bangladesh. Call centers went to India, Philippines, even Costa Rica. The culprits are too numerous to cite.

Corporations in general sought out any foreign nation with fewer rules, and weaker unions in which to conduct business at lower cost, with lower taxes and lower fences in regulatory oversight. In the last decade, the destruction of the US system, both financial and economic, has been in a greatly accelerated mode.

Almost all actions by the USGovt to defend against defection and defiance have resulted in amplified reaction by the East in opposing the USDollar system and all its many features, devices, weapons, and subterfuge. The motive for actions taken are clearly in defense of the King Dollar Regime. The responses taken are clearly to reinstate the Gold Trade Standard and no longer deal with a toxic USDollar for trade and banking. The unintended consequences are uniform if not universal. The outcome will be to develop the Eastern Gold Trade Standard while the entire Western system crumbles, deteriorates, sinks, and implodes. Review a list of factors, events, and reactions, the common theme in unmistably fashion, is a tragedy extending from the original sin, breaking the Gold Standard. The United States has given the world two choices: war to defend the USDollar, versus work with Eastern Alliance toward the Gold Standard.

The nations of the world will choose commerce and trade eventually, and turn their backs on the United States. They will return to Gold. The BRICS nations will in the next several months possibly install a gold-backed currency for usage in the Eurasian Trade Zone and elsewhere. The threat of a Returned Gold Trade Standard is cause for war with the United States. Thus the series of wars, in hidden defense of the USDollar, with distractions galore on declared reasons of thin type. The BRICS Development Bank is a cover for a Gold Central Bank. The interference is universal by the USGovt and Wall Street bankers in control. They risk sinking the entire global economy in order to preserve power. Before they chose to prop insolvent banks, instead of liquidating them. Now they choose to wreck the global economy. They want global fascism, a veritable hell on earth.

UNINTENDED CONSEQUENCES

  1. Abandon the Gold Standard, begin clean economy initiative driven by financial engineering. Goal was to prevent gold depletion, while creating a utopia pristine economy. The outcome was a gutted USEconomy, stolen gold reserves, horrendous imbalances, and systemic failure.
  • set nation on wrong course with fake money, debt saturation, counterfeit, capital ruin
  • it took over a generation, but longest record for paper money currency was 33 years
  • encouraged cabal to form deeper roots, undermine financial markets
  • resulted in grotesque imbalances, lost manufacturing, reliance upon asset bubbles
  • USGovt debt must be covered by caustic unsterilized hyper monetary inflation
  • final phase is defense of USDollar with war, bank fraud, and hyper monetary inflation
  • astonishing isolation is coming for the United States, as allies choose trade over war
  1. Outsource industry starting in 1980 decade, using blinders on long-term effects. The gains were short-term while the damage is long-term. The outcome is a gutted USEconomy, absent legitimate income sources, steady deterioration, and systemic failure.
  • at micro level, objective was reduced costs (low cost solution)
  • at macro level, result was added dependence on asset bubbles (series bubble & bust)
  • Emerging Markets are responsible for 80% of savings and majority of industry
  • Eastern nations will lead the eventual disposal of the King Dollar Regime
  • USEconomy lacks the critical mass from which to benefit from the 0% stimulus
  • the United States urgently requires a new chapter of re-industrialization
  • US has run out of activated asset bubbles, housing last, stocks & bonds now
  • USTreasury Bond market is largest asset bubble in history, signals US failed state
  • USEconomy has indications of being a Ponzi Scheme or debt and QE abuse
  1. Chinese lease of Gold to Wall Street permitted the continued fiat paper USDollar game, with additional underpinnings in collateral declarations. The game was kept going another decade. The outcome is a more devastating transfer of US assets, for banks and commercial buildings, even farm property. The United States is on the verge of losing its sovereignty and becoming a vassal state.
  • gold lease was hidden part of the Most Favored Nation grant by Clinton-Rubin Admin
  • gold lease was reneged upon, due in 2007 probably, an expected default on gold return
  • the subprime loan crisis was probably triggered by the gold lease renege
  • China dumped many $billions of Fannie Mae bonds, starting the subprime fire
  • gold lease had collateral derivative contract behind it, from Wall Street assets
  • an IRS secure stream tax bond was very likely put in place, held by Chinese Govt
  • the IRS derivative bond acted like a national aggregate mortgage, putting nation at risk
  • Wall Street sold out the US population twice, once with MFN, twice with IRS bond
  • speculation that IRS default entitled China to begin the collateral property seizures
  • China took control of Wall Street properties such as OneChasePlaza (JPMorgan HQ)
  • in all likelihood, China has a significant stake in the Federal Reserve ownership
  • China is exercising its collateral seizure rights directly and indirectly
  • China is fast converting its vast USTBond holdings into various commercial properties
  • China is keeping the US propped up, so that it can convert its USTBond reserves
  1. Quantitative Easing and rampant bond monetization, which also cover derivatives is the last act of desperation. Absent creditors put full reliance on hyper monetary inflation. Rather than stimulus, the outcome ruins the Body Economic by killing capital.
  • QE forced higher cost structure across the entire global economy
  • results in a propped USTreasury Bond market with no integrity, fully controlled
  • direct bond monetization plus Interest Rate Swap derivatives keep the USTBond propped
  • official debauchery of global currency reserve motivates all nations to depart USDollar
  • motivates global initiative to develop and use an alternative to USD in trade and banking
  • foreign financial entities respond by hedge against inflation, diversify out of USTBonds
  • effects hard felt in food prices, initially for most vulnerable nations
  • entire economies have higher cost structure, with immediate business income damage
  • final demand prices rising, but kept subdued by business liquidations
  • profit margins vanishing slowly but surely, including for gold & silver mining firms
  • QE undermines value and integrity of USTreasury Bonds reserves held by nations
  • nations have begun to diversify out of all FOREX reserves in sovereign bonds
  • economic effect of wrecked capital causes a vicious cycle of economic destruction
  • undermined value of bank reserves make a powerful motive to seek USDollar alternative
  1. Ukraine War, Iran sanctions, with Syrian adventure and Cyprus actions all had hidden motives. The real factors indicate extreme USDollar weakness. The outcome is isolation for the United States, recognition of war to defend the USDollar, and lost allies. The East will band together to formulate a USDollar alternative, based in a Gold Trade Standard.
  • Cyprus was attack to obstruct Russian conversion of USTBonds to Gold
  • Russia put on notice, their bank function through the Cyprus window was interfered
  • Russia motivated to work with China, in further motivation to form USDollar alternative
  • entire EU and NATO put at risk, both alliances to break apart, and isolate United States
  • European nations will soon choose commerce over endless war
  • Iran sanctions developed immediate workarounds with intermediary parties
  • India bought Iran oil, used Turkey as intermediary in gold provision, paid Iran in gold
  • the Gold for Oil trade was developed as a working prototype, avoiding USD settlement
  • Syrian action made clear to Europe that their energy supply is at risk
  • USGovt did not wish for European nations to be supplied by Iran natural gas
  • Ukraine forces European nations to cut off energy supply to support King Dollar Regime
  • Germany and France are the key nations for defection, choosing commerce over war
  • Germany is under the microscope right here, right now
  • the United States is going to lose NATO Alliance after damage hits Europe
  1. Post-Lehman lashing together of big Western banks was the defensive posture to prevent the weaker banks from faltering. The goal is short-term protection, while the long-term risk is systemic. The QE effect results in weaker economies, which assures the impact of bank failures. They have begun. The outcome is systemic failure of the big Western banks from contagion.
  • all big Western banks are tied together, using derivatives
  • each big bank has several derivative contracts with a bigger bank for safety measure
  • lashing is shipping term, tying men with ropes around waist and ship masts during storms
  • if any major banks fail, then risk of contagion is enormous and difficult to halt
  • QE has many destinations, mortgage bonds obviously too, but also huge derivative supply
  • QE is the biggest backdoor banker bailout in modern history, for Wall Street benefit
  • harsh effect, QE undermines the economies which must keep the big banks afloat
  • derivative costs to sustain payments has wrecked big bank liquidity
  • the big Western banks have been insolvent since 2007
  • system cannot manage all the risks, like to intermediaries and mid-sized banks
  • watch Portugal’s Banco Espirito Santo and several other banks in Europe
  • widespread reports that US banks cannot handle transfers when cash is on back end
  • massive illiquidity in US banks has finally hit
  1. Refusal to Repatriate German gold was a crime out of the gate. The motive was to conceal the appropriation (re-hypothecation) of German official gold accounts. The Germans are on notice of gold thefts by their own allies. Germany will work with the Eastern superpowers to develop a USDollar alternative and a Gold Trade Standard.
  • the refusal event put Germany on notice that their gold was stolen
  • perhaps the most significant of all indictments by Germany against US Bankers
  • hastily produced wars like in Mali have been fashioned to compensate for gold delivery
  • Germany motivated to work with Russia & China on alternative trade settlement
  • Germany appears to be crafting four critical global indictments against United States
  • Gold fraud, NSA espionage, Gazprom supply cutoff, EuroCB bond monetization
  • Germany will leave the Euro, leave the EU, leave NATO, already been decided
  • implementation is extremely complicated and will cause extreme bank losses
  • critics overlook that Germany has two camps (commercial versus bank/politics)
  • Germany will play the losing US hand until population and business leaders call halt
  • Merkel premature resignation is shrill signal of winds blowing East from Germany
  1. NSA espionage has a false motive to protect from terrorism. The actual motive is to control communications, to monitor anti-USDollar activity, to follow Eurasian Trade Zone progress, and to steal corporate trade secrets. The outcome will be profound US isolation, if not quarantine.
  • hardly eavesdropping, the surveillance sparked tremendous distrust for USGovt
  • has both political side and corporate trade secret side, with terrorism smokescreen
  • the US leadership has no allies, and sees only targets to control and exploit
  • Fascists attack enemies, defraud allies, gut banks, exploit subjects, kill economies
  • motivates acceleration of alternative to USD in trade and banking
  • the United States will be isolated in unspeakable manner like a diseased farm
  • the difficult decision will be whether to convert it into a productive vassal state
  • the difficult decision will be whether to liquidate the nation and its assets
  • the difficult decision will be whether to euthanize its entire leadership elite class
  1. Banker murders at middle level are hardly concealed anymore. They no longer appear as suicides. They have some common themes. The motive is to keep the rot concealed. The outcome is to reveal the pervasive widespread financial structure rot and systemic breakdown.
  • arouses suspicion, attention, and investigation by the population
  • when more than one or two cases, a pattern emerges
  • hide JPMorgan’s London Whale and $100 billion in Interest Rate Swap losses
  • JPMorgan has biggest common thread in murders, both bankers and insurance heads
  • London bankers and Swiss insurance executives have been murdered
  • executives, directors, board members all protected at higher level
  • lowest level workers know little, did little of systemic criminal nature
  • midlevel bankers carried out projects with all the dirty details
  • midlevel bankers know too much, like accounts, shell corporations, deals, funnels
  • eventually formal investigations will come on patterned murders
  1. Punitive motivated prosecution of PNB Paribas, Credit Suisse, Deutsche Bank each has hidden motives at work. They are well concealed. The final chapter of D-Bank attacks will reveal duplicity and corrupted financial structures. The outcome will be to anger Germany, to expose hypocrisy, and to act in forcing the split of Germany away from the US camp.
  • each action incites immediate backlash by angry nation
  • indications of Credit Suisse action to enable further Arab gold thefts
  • forced folding of CS under UBS, where thefts are ongoing by US Bankers
  • indications of BNP Paribas action to obstruct USTreasury Bond dumping
  • forced folding of BNP under Societe Generale, which resides in the banker cabal
  • SocGen already participates in FOREX & Gold market corruption
  • French central bank head Noyer pledged to hasten efforts to avoid USD trade usage
  • Switzerland is a lost cause of deeply rooted fascist banker thieves
  • main Swiss value to East is from vast gold refinery business (recast gold bars)
  • imminent USGovt legal attack on Deutsche Bank will be a very fatal error
  • Deutsche Bank involved in falsified Euro Monetary Union qualifications (Maastricht)
  • duplicity for attack of D-Bank for same violations done by Wall Street
  • the double standard used against European banks, not used against US banks
  • every big bank attack has a hidden motive in protecting the King Dollar Regime

UGLY CABAL SECRETS

Many are the truly despicable deeply damaging and heinous activities perpetrated by the cabal, keep well under wraps, with the cooperation and collusion of the subservient press networks. Many political figures are in complicity. Many big corporations are in complicity. Time and space do not permit adequate coverage. Offering details is not usually wise. Instead, consider an outlined form of some key tidbits to whet the appetite and to encourage further investigation. Each requires an entire chapter, if not a book. Bear in mind that the claims are between common knowledge and provable speculation. The motive is awareness. Some will say the Jackass is delusional, maybe on drugs, making wild accusations. However, many are the Jackass information sources, the juiciest being those connected to Secret Service bodyguards, and men who have friends involved still at the margin of nefarious deeds. One trusted client still has a friend working on the HAARP project to fabricate hurricanes and earthquakes. The client left for more respectable business ventures. Other sources bring to the table a mix of security agencies from four separate governments.

  • recent large offshore oil discovery off the Palestine coast, with no desire to share profits
  • thus a new war in Gaza, with the same pernicious elements, disregard for life
  • the Israeli Floating Tamar Platform is already working in the area, eager to take it all
  • narcotics usher in global fascist state, with entire national governments purchased
  • the Afghan operations result in over $800 billion in annual heroin profits
  • since 2004, the Aghan heroin output under USAgency guidance has grown 13-fold
  • USGovt motive for war linked to Kremlin interfering with US-Afghan heroin routes
  • the USAgency has been flooding Iran with heroin for several years
  • the Afghan heroin on US streets has gone from 7% usage in 1997 to 70% in 2013
  • United States has two militaries: Pentagon Regulars & the Langley Mercenaries
  • they might clash in Ukraine or Syria, maybe both sites

  • since Papa Bush, every US President has a principal narcotics item on his resume

  • since Papa Bush, no US President has submitted a requisite medical statement

  • NeoCon means NeoNazi, the Fascists rooted in USGovt politics since 1970 decade

  • Obama’s original mission was to kill the USDollar and to wreck the USEconomy

  • Obama has a hidden $1 billion Vatican Bank account, his retainer in January 2009

  • Obama has paved the way for a global fascist state, as the US beacon fades

  • the Deepwater Horizon oil rig in Gulf of Mexico was sabotaged by Halliburton

  • in the Southeast United States, rainfall features globs of white Corexit on the land

  • Halliburton owns the monopoly on gas fracking chemicals

  • Monsanto seeds are genetically modified, designed to enable virus delivery systems

  • Fukushima was retribution against Japan for joining China toward regional currency

  • chemtrails contain toxic benzene, along with other unsavory ingredients

  • the toxic benzene was revealed in 2011 with scattered bird deaths in three states

  • over 10 thousand birds fell dead in Michigan, Wisconsin, Minnesota (dosage issue)

  • viruses are developed at Fort Dietrich USArmy Bioweapons Lab

  • SAARS, Swine Flu, and others are designer viruses with target population

  • vaccines are the delivery system, given to the unsuspecting

  • recent Ebola outbreaks in Africa might be linked to the Bill Gates Foundation

  • all Wall Street banks are dependent on huge narcotics money laundering profits

  • Wall Street executives have giant gold holdings, held in Carlyle Group accounts

  • John Snow chosen Treasury Secretary for Bush II Admin, formerly at CSX Corp

  • CSX connections offered extensive port facilities for heroin distribution network

  • recall the 2006 controversy over Dubai Port World (your clue)

  • Ukraine War is intended to prevent Europe from becoming dependent on Russia

  • Ukraine War is designed to bring down the US and EU economies

  • Ukraine War tries to lay blame on Russia for the dethrone of King Dollar

  • USDollar has been peeking into the morgue, and needs a scapegoat as killer

  • when the USDollar is widely rejected, the United States will descend into Third World

 

 

THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.

“For over five years I have been eagerly assimilating any and all free information (articles, interviews, etc) that Jim Willie puts out there. Just recently I finally took the plunge and became a paid subscriber. I regret not doing this much sooner, as my expectations were blown away with the vast amount of sourced information, analysis tied together, and logical forecasts contained in each report.”
(JosephM in South Carolina)

“Not only have I seen many of the things you talk about in the public arena come to pass, but I have seen many of the things you say repeated three months later by the other analysts. Congratulations!”
(MannyM in England)

“Jim Willie is a gift to our age who is the only clear voice sounding the alarm of the extreme financial crisis facing the Western nations. He has unique skills of unbiased analysis with synthesis of information from his valuable sources. Since 2007, he has made over 17 correct forecast calls, each at least a year ahead of time. If you read his work or listen to his interviews, you will see what has been happening, know what to expect, and know what to do.”
(Charles in New Mexico)

“A Paradigm change is occurring for sure. Your reports and analysis are historic documents, allowing future generations to have an accurate account of what and why things went wrong so badly. There is no other written account that strings things along on the timeline, as your writings do. I share them with a handful of incredibly influential people whose decisions are greatly impacted by having the information in the Jackass format. The system is coming apart on such a mega scale that it is difficult to wrap one’s head around where all this will end. But then, the universe strives for equilibrium and all will eventually balance out.”
(The Voice, a European gold trader source)

 

Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com. For personal questions about subscriptions, contact him at JimWillieCB@aol.com

 

Gold Crime

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Written by testudoetlepus

August 1st, 2014 at 3:31 pm

Saving Face

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a photo by William Banzai7/Colonel Flick on Flickr.

 

Tuesday, July 29, 2014

by Dmitry Orlov

The Americans are finding out the hard way that a fact-free zone is not a comfortable place to inhabit. The initial knee-jerk allegations, voiced by Obama, by the screechy UN representative Samantha Power, by John Kerry, Hillary Clinton, and any number of talking heads, were that the downing of flight MH17 was all Putin's fault. These were swiftly followed by a complete and utter lack of official evidence of any Russian involvement but lots of strange, unexplained coincidences pointing to Ukrainian and American involvement. These were, in turn, followed by an uncharacteristically frank admission from US intelligence that there is no proof of Russian involvement. The newly installed Ukrainian oligarch-turned-president Poroshenko (code-name “Piglet”) switched from claiming that he had proof of Russian complicity to being very very quiet. Incompetently concocted fake “evidence” of this and that continues to appear on social media sites, only to be swiftly disproved. Once disproved, the fake evidence vanishes, only to be replaced by more of the same. The latest fake is of Russian artillery bombardment from across the border. All of this has added up to quite an awkward situation for the Americans. Barefaced lying may be fun and profitable, but it does not provide a solid foundation for foreign policy. Nobody wants to go down in history for blowing up the world over some fake Youtube videos.

The list of questions that demand answers is quite extensive. Why did the Ukrainians suddenly choose to activate their Buk M1 air defense system, with several rocket batteries and a radar, in Donetsk region, on the day of the crash? What was the Ukrainian Sukhoi-25 fighter jet (attested by numerous eye-witnesses) doing trailing after the Boeing? Why did Ukrainian air traffic control in Dnepropetrovsk redirect the flight to fly at a lower altitude and over the war zone? What were all those foreigners doing in the air traffic control center in Dnepropetrovsk right after the crash, and what happened to the flight control records they confiscated? What was the experimental US spy satellite doing flying over that exact spot at that exact moment? By the way, was anything interesting happening that day at the American drone base in Kanatov, in Dnepropetrovsk region, which, incidentally, is right on the flight path of MH17? (We know that it's active; two of their drones have already been shot down by the rebels, one of which landed more or less intact, and the Russians are probably having fun tinkering with it.)

Some people are surmising that the crash was a failed false flag attack orchestrated by the Ukrainians with, at a minimum, American complicity. The idea, this version goes, was to pin the blame on the rebels and, by extension, on Russia, in order to escalate the conflict. This version of events may sound plausible to some people, because false flag operations are part of the standard American playbook. After all, there was that chemical attack in Syria which almost led to a US bombing campaign. The chemical attack was blamed on the Assad regime, but then it turned out to have been a false flag: it was made by the Syrian rebels, on Syrian rebels, with help from Saudi Arabia, in order to smear Assad and escalate the conflict. Russia was able to deescalate the conflict by persuading Assad to give up his chemical weapons stockpile. (It didn't take much convincing, because Assad no doubt realized that this stockpile was more of a liability than an asset.) The Americans were livid; they had been itching to bomb Syria. Had they done so, the too-evil-for-al Qaeda “Caliphate” known as ISIS, which recently spilled out of Syria and rolled right across northern Iraq, would probably be enthroned in Damascus by now as well.

But in the case of flight MH17, the false flag theory rests on an untenable assumption: that the Ukrainians, if tasked with shooting it down, would in fact succeed in shooting it down. All previous evidence illustrates that when Ukrainians want to shoot down a plane, they may succeed in shooting down a nursery school, a maternity ward, an apartment building full of elderly Ukrainians, but never a plane. Conversely, if Ukrainians set out to destroy a maternity ward or a kindergarten (as they are known to sometimes do) odds are that they will hit a Boeing. They inherited a now rather obsolete Buk M1 air defense system from the USSR, which, in skilled hands, is quite capable of shooting down a Boeing flying at cruising altitude, but you'd be wrong to think that they have figured out how it works. They held exactly one training exercise using this system, in 2001, and succeeded in… shooting down a Russian civilian airliner! There were no training exercises in using this system until… it was used to shoot down MH17! It was used in Georgia during the war of 2008 over South Ossetia, where it did shoot down four Russian military aircraft, but there it was commanded by American mercenaries of Polish descent. Ukrainians excell at robbing, selling out, dismantling and destroying their own country; but achieving a specific, precise result as part of a highly coordinated mission? Not so much. Case in point: some Australian and Dutch troops wanted to go and maintain security at the crash site, but couldn't, because the Ukrainians chose the occasion of their arrival to attack some neighboring towns and villages. You'd think that they would treat the opportunity to get some NATO boots on the ground as a Godsend, and act accordingly, but such rational behavior would be, you know, un-Ukrainian. The proper thing for them to do is to go and strafe some nearby village, and get themselves ambushed and slaughtered to a man by an angry babushka with a Kalashnikov.

Once you discount the theory that the downing of MH17 was a highly orchestrated false flag operation, everything falls into place. Why did the Ukrainians deploy their Buk M1 batteries and radar in Donetsk region, even though there was no enemy for them to shoot at? Because they are idiots. Why was there a Ukrainian Sukhoi 25 jet fighter in the air there? Trailing behind passenger jets and using them as human shields is standard Ukrainian practice. Why did that fighter zoom up into the Boeing's flight corridor and pop up on air traffic control radar at the exact time the Boeing was shot down? That's a standard evasive maneuver: the pilot saw a missile being launched, and tried to get out of its way by aiming up. If he hadn't done that, then the story would have been that Ukrainians shot down their own jet fighter as part of a successful (by Ukrainian standards) exercise, held in the vicinity of an international passenger flight just to spice things up. Why did Dnepropetrovsk APC redirect the flight over the war zone and the Buk M1 batteries? Because the Ukrainians had recently issued an order that closed the airspace over Donetsk, well below the plane's cruising altitude and away from its flight path, but perhaps something was lost in translation to Ukraine's wonderfully precise official language, and so the APC redirected the flight right over the closed airspace and told it to fly right above the minimum altitude. Why did the Ukrainians launch the rocket? Well, that was probably something like what happened in the movie The Three Stooges in Outer Space. The stooges find themselves inside a rocket. Moe gets hungry and pushes a button that he thinks says “LUNCH” except that it says “LAUNCH.” Hilarity ensues.

If that is what happened, then that's really embarrassing, not just for the Ukrainians, for whom embarrassment has become something of a national sport, but for their self-appointed American minders. What's making this situation even more difficult is that western news teams, following in the wake of the investigative teams visiting the crash site, got a chance to look at, and report on, the carnage and devastation perpetrated by the Ukrainians against their own people. Worse yet, the Ukrainian government, so carefully slapped together out of US State Department-approved dregs of Ukrainian society, has in the meantime come unstuck. The coalition goverment failed after a spectacular fistfight on the floor of the Supreme Rada, with the two rabidly nationalist parties walking out (OK, I won't call them Nazi, but only today). Prime minister Yatsenyuk (who had been hand-picked for the job and nicknamed “Yats” by Victoria Nuland of the US State Department) has resigned. [Update: he changed his mind and decided to stay: or did his American handlers change his mind for him?] President Piglet is still there, but it's unclear what it is he is doing. In fact, it is becoming unclear whether there even is a Ukrainian government; of late, the officials in Donetsk have been receiving very strange, barely coherent missives from Kiev, obviously written in American English and clumsily translated, then signed and stamped by some Ukrainian monkey to make them look slightly more legit. If the Ukrainian translators run away too, then the American minders will be forced to resort to using Google Translate, making it the world's first experiment in governance through word salad.

The MH17 disaster and Eastern Ukraine are now front page news across the entire world. The circumstances of the crash are anything but clear, but it is clear that they are not what the Americans initially alleged. This they have already admitted. The Ukrainian government is in disarray bordering on nonexistence. The Ukrainian military is either kettled in traps of their own devising and suffering horrific losses, or blasting away at densely populated districts with heavy artillery and rocket fire. The Ukrainian economy is in freefall, with trade links to Russia severed and industry nearing standstill. The country is bankrupt and at the mercy of the IMF. If you feel that the several hundred lives lost aboard MH17 are a tragedy, then you should consider a larger number: 42 million. That's the population of Ukraine minus Crimea (which will be fine) and that's the number of lives at risk from civil war and economic collapse.

The best that the US can do in this situation is to bug out of Ukraine while continuing to babble incoherently. This shouldn't be hard; bugging out and babbling incoherently are two things that the Americans are clearly still very good at; just look at Afghanistan, Iraq and Libya.

 

[ClubOrlov]

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Written by testudoetlepus

July 29th, 2014 at 2:12 pm

Jim Willie: Unintended Consequences

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a photo by William Banzai7/Colonel Flick on Flickr.

 

Published Jul 28, 2014

Will Lehr speaks with Jim Willie.

Join us for over an hour of discussion on the last several decades of US policy and the unintended consequences of attempting to prolong the inevitable demise of the Petro-dollar standard. We discuss the abandonment of the gold standard, outsourcing of industry, the little-known Chinese gold lease, QE, Ukraine & Iran, post Lehmann bank conglomeration, German gold repatriation refusal, NSA espionage, Banker murders, and prosecution of PNB, Credit Suisse, & Deutsche Bank.

Sign up for Jim’s Hat Trick Letter for the inside scoop!

 

Perpetual Assets

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Written by testudoetlepus

July 29th, 2014 at 1:55 pm

Jim Willie: Derivatives: Abuse, Props, Risks

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by Jim Willie CB

Friday, 25 July 2014

The topic of financial derivatives is a huge can of worms. The subject has arisen in the financial press much more in the last few years since the global financial crisis turned critical and became a clear case of grand struggle to prevent a veritable collapse. In a loose sense, the derivatives are the scotch tape, bailing wire, band-aids, and chewing gum holding the system together, the glue and adhesive, with rose colored glasses used with a large amount of deception. Another analogy preferred for usage by the Jackass is the floating fabricated foundation laden with vaporous illicit toxic fabric, the phony platform on which insolvent structures lie. That the big banks do not serve well as credit engines or investment crucibles is no surprise. They are insolvent, and their derivative foundation is fractured. It is very difficult to explain how the derivatives serve as foundation. Imagine a spinning wheel, spinning very fast, except that the flat disk has almost zero mass. It spins so fast that it appears to serve as a platform which can support weight. Its floor is mentioned more than seen. It is fake, an illusion.

ORIGIN OF DERIVATIVE SPECIES
The origins of derivatives really came onto the scene in the early 1990 decade following the Black Monday 1987 crash. Most people believe the nation overcame the crisis. It did not. Actually the weight shifted, so that the Asian Meltdown occurred ten years later in a grand echo. The firm Jackass belief was that after a decade of adjustment to significantly higher crude oil prices (following 1973 Arab Oil Embargo) and a massive slice of US manufacturing having been outsourced to the Pacific Rim and to Japan, the USEconomy suffered a severe air pocket of insolvency. It lost its income and endured higher costs. Economists overlook the challenges with jutted chests like peacocks. The 1987 stock slam that occurred was a wake-up call. The response was the creation of a derivative banking foundation of vaporous substance. It was a shoddy attempt to compensate for the gross insolvency of the US Banking system. It operates like a constantly moving Round Robin of self-dealing fraud designed to maintain the value of the foundation itself. The US lost industry, lost income, relied upon debt security trading, lost solid foundation, and set itself up for grotesque dependence upon asset bubbles for income and wealth generation, instead of from industry and tangible work. The US created a Ponzi Economy that is fracturing finally, here and now.

TYPES OF DERIVATIVE DEVICES
Main types of derivatives litter the contrived banking landscape, all highly risky. Credit Default Swaps are insurance contracts to protect against default of corporate bonds. The most popularly traded are the CDSwaps from bank bonds, linked to the big financial firms. They tend to be traded hundreds of times over, a true absurdity. Imagine 20 neighbors have fire insurance on your home, and then some go out and borrow money on the fire insurance policy to manage their household. Chaos would come if and when a fire actually destroyed the house. Well, chaos did come to the House of Lehman, mentioned later. The Interest Rate Swap contracts are short-term versus long-term trades, then leveraged further within the contracts that link the bonds on inner workings. They are clever devices used to create massive artificial USTreasury Bond demand. The architects can even create a vacuum in which the big US and London banks must go out and secure more bonds, and to purchase them unwillingly. Evidence of such atrocity is the infamous Failures to Deliver of USTreasurys, the backwash which the Wall Street conmen prefer never to explain. They are evidence of too much reliance upon the IRSwap to create phony bond demand.

The 2011 USTreasury Bond rally was all artificially contrived, from a cool $8.5 trillion in Int Rate Swaps put on by Morgan Stanley over several months late in 2010. The financial news chose to ignore the phenomenon, and instead focus on a bond rally. They wish never to look at data from the Office of Comptroller to Currency. The intrepid Rob Kirby and the Jackass do. There was no rally in reality. In fact, there was no US loose wealth lying around from which to purchase bonds. At the same time as the hefty dose of IRSwaps dispensed by Morgan Stanley, the USFed made available between $5-10 trillion in Dollar Swaps to rescue an insolvent European banking. Their banks were in dire straits in 2011 in the aftermath of the PIIGS sovereign debt implosion. They should have collapsed, just like the Wall Street banks.

The US financial system desperately required the ZIRP to remain in place. Notice 0% is stuck, which enables long-term bonds to be bought with free short-term cash via the swap. The Int Rate Swap is used to push the demand into long-term bond instruments, and poof, a rally. The practice is very risky since it constitutes self-dealing fraud, much like structural Flash Algorithm Trading operating on a vast vapor platform. The risk is to blow away the vaporous platform and its illusory mass. The JPMorgan Chief Investment Office and USDept Treasury use the powerful Exchange Stabilization Fund to do much hidden dirty work. The ESFund is dangerous to discuss, since it controls almost every world market. Foreign nations do not wish to learn of the control of their markets from a Wall Street control room. Best to describe in rough cuts. The entire USTreasury Bond complex of 0% short-term and 3% long-term is carefully managed by derivatives. Despite the nearly complete absence of foreign USTBond buyers, and the huge uncontrollable USGovt debt to finance, the sovereign bond from the financially crippled United States remains in safe calm controlled secure ground. How so? By Interest Rate Swap contracts and fabricated demand.

The other leveraged asset backed securities use leverage squared. See the incredibly crazy Collateralized Debt Obligations whose wreckage still has not been entirely cleaned up. The mortgage bonds have a higher structure with another 25:1 or 30:1 leverage put on the already leveraged mortgage bonds. With just a 7% to 13% decline in the basis of the CDO bond, the entire bond goes worthless, and did go worthless. Much of QE bond monetization is done to offer effective cloud cover to redeem a massive amount of financial derivatives. The chairman talks about $40 billion per month, but never is coverage of derivatives mentioned. Thus the estimation of $100 to $150 billion in QE volume per month. The Jackass lives in the world of reality, not in the US propaganda shadow or fecal downwind draft.

The entire USEconomy remains totally dependent upon ZIRP and QE, thus better described as a Ponzi Scheme economy. Draghi at the Euro Central Bank devised phony super senior bonds as patches, declared illegal by the German high court. The Long-Term Refinance Operation (LTRO) attempted to create a super senior bond that lorded over the sovereign bond. In this way, a banking collapse would allow the elite owning the LTRO bonds to be paid first, not lose any money, and impose the losses on the unwashed masses for the standard fare sovereign bonds that attract all the attention. More derivative hanky panky mumbo jumbo, pure shenanigans.

DECEPTIVE LEGAL UNDERPINNING
The 2005 Bankruptcy Reform Law was a douzey, rarely ever explained for its details or consequences. The private citizen side is often discussed. If John Doe declared bankruptcy, he could no longer exercise a Chapter 7 BK. No more was permitted the lineup of all assets, placed against all debts, with a cleansing operation and single sweep. Ch-7 used to allow for the debtor to walk away with no more debts, the creditors dealt with fairly, using whatever assets existed. Imagine the debts being 5 times larger than the assets, which would mean the creditors would receive 20 cents per dollar in debt held. Clean, nice, done! It was eliminated, in favor of Chapter 13 BK. It instead stipulated a restructure of debts, often with reductions on amounts owed, along with a revised timetable for repayment, seemingly forever in many cases. Imagine a rework of a car loan or home mortgage, when more time is given, interest rate possibly reduced, with end result being more years to pay off but more manageable. The social impact was to eliminate fresh starts, and to make systemic the debt dependence, kind of a debt slavery with legion of debt vassals working in servitude. Also, a key element to the Reformed BK Law was that income taxes were never reduced or forgiven. In many cases, the repayment would take 20 to 30 years, a clear cut display of tax slavery.

The far more onerous and deceptive side of the Reformed BK Law is seen in provisions for the financial institutions. The failure of big banks or other large financial institutions would never again be a simple failure, with liquidation, with trustee management, with a hierarchy of losers. The entire hierarchy was quietly altered, but with almost zero publicity. It took many alert analysts a few years to discover the fine points of the revised law. The new law dictated the derivatives would be first in seniority for satisfaction during any bankruptcy proceeding. The truly sadistic element of the new law was the accounting classifications, whereby depositors are called "unsecured lenders" to the bank, while derivative owners are called "secured lenders" to the bank. Hence, the depositors like with CD or passbook savings accounts no longer own their accounts. They technically lend their deposits to the bank and are permitted to withdraw them with interest, provided the bank is sound. The depositors found themselves to be last in line during a failure, the disadvantaged class from the Reformed BK Law. Individuals stand behind the derivative owners. The US public had no idea what happened on the financial firm pecking order, and still largely does not. If a big bank fails, or a major mortgage firm fails, then the derivatives are handled first, and then depositors are given crumbs left on the floor. Most analysts believe the depositors will be wiped out, as the derivatives will find some salvage. It is accurate to say that the Bankruptcy Reform Act ushered in the Bail-in concept long before Cyprus hit the scene in 2013.

LEHMAN FAILURE KILLJOB & SHAM
Derivatives played a key role in the Lehman investment bank failure. In reality, it was more a planned financial murder event, orchestrated by JPMorgan and Goldman Sachs. Much has been written about the carefully crafted event of denying Lehman Brothers their due payouts from certain investment instruments, in order to force them into a dangerously poor liquidity position. The vultures JPM & GSax exploited the situation to the max. The true background was that Goldman Sachs was vulnerable to failure, as a result of its heavily leveraged position in mortgage bonds, even CDO bonds (leverage squared). The biggest victim to the Subprime Mortgage Crisis was Goldman Sachs, the venerable firm of superstars who only knew near perfection. Their strong performance is maintained through graft, collusion, insider trading, and government control. So the Wall Street kings killed Lehman in order to pick its bones and to feed Goldman Sax, in plain terms. It bears repeating. The most at risk firm on mortgage bonds during the Lehman collapse chapter was GSax (not Lehman) since more leveraged. In the aftermath, the USGovt chose to nationalize AIG for a few reasons. Among them were the desire to cover up how duplicate Credit Default Swap contracts were owned against the failed firms, even the preferential treatment. The financial derivative impact crater was large, to be kept quiet with AIG movement under the USGovt aegis. Recall several owners of fire insurance against your house, where payouts are complicated.

The Lehman CDSwap contracts had to be managed in payouts. GSax then received 100 cents per dollar on their Credit Default Swaps, incredibly, first in line, since they managed the desk. It can be said that AIG was nationalized, in order to control the derivative implosion, and to redeem GSax fully in secrecy, without AIG executives offering obstacles. Other payouts occurred at 30 cents or 60 cents per dollar insured. The Lehman event was a derivative implosion event very well disguised. When it was killed, it caused a derivative crisis and the immediate need to alter the rules, conjure up new rules, and to favor the JPM/GS tagteam of white collar crime. The derivative implosion forced the USFed into ZIRP Forever and QE to Infinity, in order to continually manage the wrecked derivative landscape. The USFed monetary policy of ZIRP/QE is stuck permanently, which continually has created a backdoor bailout to Wall Street bank portfolios, since they must manage the long-term USTreasury Bond breakdown. The USTreasury complex required free money from which to create steady ongoing never ending bond demand. The derivative foundation evaporated. The end result was the US financial system stuck with hyper monetary inflation to finance debt and to sustain the vaporous derivative foundation, that spinning whirling dirvish that still gives the impression of mass for a foundation.

LONDON WHALE DAMAGE & LIES
From the Lehman failure in late 2008, to the Zero Interest Rate Policy installed in 2009, to the Quantitative Easing put in place in 2011, it only took another year for the big accident to occur. The crash site was the so-called London Whale incident. It was well covered up, as per usual with Wall Street. It was another derivative disaster story. At first, JPMorgan spokesmen told a fantasy fairy tale about losses due to European sovereign bonds for the previous quarter. Divert the blame to Europe, keeping attention off the United States. Upon easy quick examination, one could see (reported in Hat Trick Letter at the time) that the PIGS sovereign bonds all improved in value during the cited quarter. The only damage done was to the USTreasury Bonds, which lost ground in a sudden bout of volatility. It is well known to experts that volatility in either direction is the bane, the key enemy, of all such derivatives like the powerful Interest Rate Swap. The JPMorgan told lie was that the London Whale, with its Chief Investment Office and London outpost, has lost $800 million. They soon changed the amount of stated loss to $1.9 billion, when in reality it is in the neighborhood of $100 billion. As of now, JPM admits its loss from the London Whale incident has amounted to $8.9 billion.

The entire story is full of lies, an absolutely fabrication of lies. In fact, Bruno Iksel has been made into something of a scapegoat. The JPM bank executives have tried consistently to put distance from themselves to Iksel himself. They gave him all the marching orders, in a closely coordinated operation, with some leeway to be sure. The Whale was managing a boatload of Interest Rate Swaps. He and JPM played serious accounting games, like not marking to market, like pushing through a late day trade to alter the final price. The truth has never come out. The full extent of losses cannot be revealed without admitting that the entire USTreasury Bond complex being from an artificially defended fortress, bound by the corrosive derivative anchors. The false story is kept alive by means of the many London banker murders, of mid-level officers who carried out the dirty details. The other JPMorgan large holes of bankruptcy are kept quiet by Swiss insurance murders.

SYSTEMIC RISK FROM CONTAGION
Apart from numerous background pressures, the system limps along deeply wounded and probably fatally so. When China wanted to exit the long-term USTreasurys, the USFed accommodated them. They launched Operation Twist without much clear explanation of its provisions. We are always led to trust the magic of their machinations. China actually transferred their long-term bond holdings to short-term holdings, in order to make possible their redemption at maturity, and soon, like before the implosion. The USFed accomplished the task by putting on an enormous swath of cleverly devised Int Rate Swaps, which in effect switched from LT bond to ST bond. There are a great many other types of derivatives, such as exotic swaps, and customized contracts.

The entire Euro Monetary Union has its foundation created upon swapped hidden debt into FOREX currencies, an illicit deed that to this day has not been resolved. The Maastricht Treaty was circumvented by means of heavy swap contracts, shifting debt onto currency obligations in the form of these derivative swaps. Many were the big investment banks eager to assist in the deception and illicit qualification process, and thus earn big fees. The nations of Italy and Spain, for instance, were able to qualify for the European Monetary Union by hiding their debt with the FOREX swaps. Prosecutions are laced all through the Deutsche Bank chambers here and now, the legal wheels of justice grinding slowly. Therefore, the Euro Currency has a phony fraudulent foundation, an illicit basis enabled by derivative abuse. The victim of the ongoing prosecution, if the USGovt chooses to impose yet more heavy fines, could be the German alliance. The Germans are ready to jump ship, away from the sinking USS Dollar.

Perhaps the ugliest derivative story is the IRS Tax secure stream contract very likely used by China as collateral, which is suspected by the Jackass to be the backend deal to secure a Gold Lease from China. It is related to the 1999 Most Favored Nation granted by US to China. The Chinese would receive gigantic direct foreign investment, and thus build an industrial base. The Wall Street criminal bankers would receive a vast hoard of gold bullion, leased from the Chinese Mao Era gold reserves. The Chinese distrusted the US bankers, after many past experiences, which might include several rafts of fake gold bars sent to Hong Kong banks by the Clinton-Rubin Admin. In the outcome, the Wall Street masters reneged on the gold lease, while the USEconomy entered a downward spiral of recession which accelerates downward. The Jackass suspects that the powerful recession made impossible the honoring of the IRS secure stream derivative contract held as collateral, forcing a national default. In the last few months, we see China busy securing US commercial property. The Chinese have taken control of the JPMorgan Chase headquarters in South Manhattan, the famed One Chase Plaza. In it is contained the largest private gold vault facility in the world. It has underground tunnels connected to the US Federal Reserve. Many are the rumors and suspicions that with the end of the Federal Reserve Act operational contract, following 100 years of hidden financial tyranny, that the Chinese might have taken over a strong interest in the Fed, maybe a controlling interest.

GOLD ON WHITE HORSE
The Western financial system is operating on fragile tenterhooks, on shaky pylons, on that same vaporous floating spinning illusory foundation. A few big banks have entered failure, like Banco Espirito Santo in Portugal. When big banks begin to fail, the belief has been, the risk of contagion will be the main focus. Since Lehman, the major Western banks have lashed themselves together for safety and security. They have done so with financial derivatives, the rope to connect them together. Thus no repeat of Lehman failure, a big financial firm failure to put the entire system at risk of breakdown. So the next failures will put the entire system at risk of collapse. This is the oft-described nuclear outcome, which has been brought upon by the overusage of derivatives. Their total in usage is somewhere between $700 trillion and $1.4 quadrillion, depending on the definition and the team doing the calculation. Claims of big reductions in derivative overall usage are a lie, since new derivatives are put on quickly. They offer short-term security but long-term systemic risk. The world faces a guaranteed systemic implosion caused by derivatives. Bank failures and contagion will lead to the widespread connected failures, and lost control by both governments and central banks to manage them. Gold will be the secure port during the stormy outcomes.

The derivative cost will be revealed as obscene, in high multiple $trillion suddenly. The public will ask questions like how we could have permitted the situation to go out of control. To be sure, derivatives assure the equivalent of a financial nuclear explosion. The answer to the question posed is that the Rubin Doctrine has been used after the Rubin thefts of the USGovt gold reserves at Fort Knox. The doctrine dictates the sacrifice of tomorrow for a few more todays. Well, tomorrow has arrived. The return to the Gold Standard is the answer, but the clean-up crews will be busy for a long time. The Gold Price will reach incredibly high levels when the derivative implosion occurs, which should occur when the East introduces a legitimate gold-backed new BRICS currency for trade settlement. The fallout will be tremendous, as the USDollar is rejected on the global stage.

A solution must also come for the ancillary devious devices like secret weapons on weather, virus, espionage, and more. Gold will continue to draw capital away from the dying corrupted sinking system. Then finally the Gold Standard will be installed, but by the Eastern nations. It will be led by Russia, China, and Germany. The United States will be indescribably isolated. The US Fascist leaders have attempted to isolate Iran, but Tehran will be integrated into the Eurasian Trade Zone. The US Fascist leaders have attempted to isolate Russia, but Moscow will be integrated into the Eurasian Trade Zone. The US Fascist leaders have attempted to coerce Europe to join a deadend insane war with an absurd basis, but the core powers of the NATO will move away and be integrated into the Eurasian Trade Zone. The United States is a hair away from losing both Germany and France to the Eastern Alliance. They will embrace gold, and walk away from the USDollar, with a certain absorbed cost. Great changes are coming like a fierce new storm.

 

 

THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.

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Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com.
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Derivatives: Abuse, Props, Risks

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Written by testudoetlepus

July 26th, 2014 at 3:37 pm

Germany Reconsiders Typewriters

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German Intelligence Agencies Directed To Limit Procurement From American Companies,
Reconsiders Typewriters

 

 

No use trying to outwit the NSA . . . .

 

Several years ago I invented / patented ( and sold to NSA ) a nanochip that transmits ( via radionic-scalar-torsion waves — RSCTW ) a hologram of all pressurized movement ( e.g., writing on paper ) of a pencil or pen. Another embodiment of the invention is designed to work with typewriters ( each key has its own chip ). The RSCTW transmissions of EVERYTHING you write are recorded in an infinite-capacity artificial Akasa, also invented by me.

These devices are now embedded in all pens, pencils, crayons, and typewriters.

Now I’m filthy rich, and I have Hyper-Cosmic Security Clearance with a prepaid ticket to the Pleiades when the SHTF.

Sayonara, suckas !

nobodyouwantoknow 

 

Giza Death Star: German Intelligence Agencies Directed To Limit Procurement From American Companies, Reconsiders Typewriters

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Written by testudoetlepus

July 24th, 2014 at 9:31 pm

Jim Willie: Interview With Elijah Johnson – July 22, 2014

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a photo by William Banzai7/Colonel Flick on Flickr.

 

End of the U.S. Dollar Regime | Jim Willie – (Episode 1)

US Bonds Dumped, New Gold Backed Currency | Jim Willie – (Episode 2)

Wide Banking Failures, IRA/401k Confiscations | Jim Willie – (Episode 3)

Insolvency + Illiquidity = Bankruptcy | Jim Willie – ] (Episode 4)

IN THIS INTERVIEW:

  • Germany Pivoting East and moving away from the U.S. Dollar fiat currency regime ►
  • U.S. Dollar being defended by war and military ►
  • BRICS nations to embrace new gold backed currency ►
  • Why did Germany request data about investors’ precious metal holdings? ►
  • Massive conversion of U.S. Treasury Bonds into gold bullion ►
  • Wide banking failures ahead ►
  • Expect confiscation of retirement accounts in America ►
  • Land and property to be confiscated? ►
  • Investing in precious metals vs property ►
  • Confiscation of gold and silver ahead? ►
  • What will be the fallout in the U.K. when the U.S. Dollar collapses? ►
  • IMF to bailout America? ►

FINANCE AND LIBERTY:
Website ► http://FinanceAndLiberty.com
Like us on Facebook ►http://fb.com/FinanceAndLiberty
Follow us on Twitter ►http://twitter.com/Finance_Liberty
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Finance and Liberty

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Written by testudoetlepus

July 24th, 2014 at 9:10 pm

Rob Kirby: The Chaos is Planned

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by Greg Hunter – July 21, 2014

Derivatives and gold expert Rob Kirby contends financial markets are controlled by the U.S. Treasury. For example, Kirby contends, “The Interest rate derivative trade means the U.S. Treasury can make banks captive buyers of any amount of U.S. government debt it wants to issue–literally any amount.” Kirby goes on to say, “The reality about interest rates is they are at zero and they are not going up.”

Kirby says the financial markets are not the only thing controlled; so is the current global chaos. Kirby explains, “The chaos is planned because the architects of the chaos are the globalists. The globalists have a little saying: ‘out of chaos will come order.’ So, what they do is whip up animosity and fear and play groups off of one another. . . . The goal of the globalist, ultimately, is to have one world government, one world currency and one world religion. The whole idea of globalism is to first round countries into regional blocks and then merge the blocks into one super country. These people have contempt for humanity, and they have stated their contempt for humanity. They want to reduce the world population by something of a factor of 80-90%. These globalists have taken control of the U.S., Canada, most of Western Europe and the United Kingdom. These people are dangerous, and these people are seemingly taking the work to the brink.”

On the current flood of illegal immigration on the Southern border of the United States, Kirby says, “This makes the war on terror out for what it really is, which is a ruse. I call it prisoner training, and it is indoctrinating people to accept an increasingly over-burdening police state, which is what the United States has become. The current leader in the White House is an aider and abettor of the globalist cause. Kirby goes on to say, “Under the U.N., they want to disarm Americans. Look at the major genocides of the last 100 years. They always disarm before they went on their genocide. Hitler disarmed people before he let loose on the population.”

The U.S. economy is smoke and mirrors, and Kirby points out, “America’s reported growth, reported employment and reported inflation rates are all fiction. With all the dollars that have been created, at some point, those dollars will come home. Ultimately, in the end, that will lead to the destruction of the U.S. dollar. The U.S. dollar is on a trajectory to implode, and it will implode. I can’t tell you when it will implode, but the outcome is absolutely guaranteed. The U.S. dollar will achieve its true value, which is zero. The procedures are in place to make that happen, and that’s why I am a big proponent of owning precious metal. I believe I am going to live to see the U.S. dollar worth nothing.”

Some people think buying U.S. Treasuries is a so-called “flight to quality,” but Kirby says, “U.S. Treasuries are not a flight to quality because debt is not quality, especially when you are talking about debt of an institution that, for all intent and purpose, is insolvent and can’t pay their bills. This is why physical precious metals will win the day. Physical precious metals have been around 6,000 years, which is probably around 5,800 years longer than the dollar has been around, and it’s never gone to zero. Every fiat currency has gone to zero.”

On the price of gold and why it is not taking off with all the global chaos, Kirby says, “If we had free markets, gold would be going up in spades. We effectively have a goon squad that comes in and clobbers the price of gold with paper contracts. They will dump tons and tons of paper contracts on the market, and there is no gold to back those contracts up.” Kirby also says physical gold, and especially silver supplies, are “tight.” Kirby contends, “I would say the issue in silver is more extreme than gold.” Kirby predicts, “In the next three months, we could see some extremely significant advances in the prices of both gold and silver, and I think there is a very, very, very good chance that’s exactly what we are going to see.”

Join Greg Hunter as he goes One-on-One with Rob Kirby.

 

 

After the Interview:

Kirby also told me, “I do believe we are on a major precipice of a run-up in the price of both gold and silver. It will surely be within the next three months and might be as soon as the next three weeks. If you don’t own precious metals, you are a fool.”

 

The Chaos is Planned-Rob Kirby

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Written by testudoetlepus

July 24th, 2014 at 2:30 pm

Jim Willie: Germany Secretly Planning on Joining BRICS

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by Greg Hunter – July 23, 2014

Financial newsletter writer Jim Willie says no matter who shot down the Malaysian commercial jet over Ukraine recently, there is going to be massive fallout. Willie contends, “Here’s the big, big consequence. The U.S. is basically telling Europe you have two choices here. Join us with the war against Russia. Join us with the sanctions against Russia. Join us in constant war and conflicts, isolation and destruction to your economy and denial of your energy supply and removal of contracts. Join us with this war and sanctions because we’d really like you to keep the dollar regime going. They are going to say were tired of the dollar. . . . We are pushing Germany. Don’t worry about France, don’t worry about England, worry about Germany. Germany has 3,000 companies doing active business right now. They are not going to join the sanctions—period.”

Willie goes on to say, “It’s a war game and Europe is sick of U.S. war games. The defense of the dollar has come to war versus trade. Are you with us or are you against us?” As far as the NSA spying on Germany, Willie says, “I think they are looking for details on assisting Russia on dumping the dollar. I think they are looking for details for a secret movement for Germany to get away from the dollar and join the BRICS (Brazil, Russia, India, China and South Africa.) This is exactly what I think they are going to do.”

Willie thinks as countries move away from the U.S. dollar, the money printing (quantitative easing, QE) increases, and the economy gets worse. Willie calls this a “feedback loop” that he contends, “You get the feedback loop from the damage of lost income that comes from the higher costs that comes from QE. It’s not stimulus, people. It’s a back door Wall Street bailout that degrades, deteriorates and damages the economy in a feedback vicious system. . . . You are seeing the free-fall and acceleration of the damage; and, so now, you get even more cost damage. QE didn’t happen by accident. Foreigners didn’t want to buy the Treasuries anymore. They don’t want to buy a bond where the same central bank is printing money to buy the bond! QE raises the cost structure and brings about shrinkage and disappearance of profits. QE is not stimulus. It’s capital destruction. ”

On the so-called “recovery” the mainstream media has been harping on for years, Willie says, “I believe the U.S. has gone into a recession that it is not going to get out of until the dollar is gone. When you factor inflation in properly . . . we got a monster recession of -6% or -7% right now. I don’t think it will get better until the dollar is disposed of. So, we’re entering the final phase of the dollar.”

In closing, Willie says, “You want to get rid of political obstacles? Go straight to commerce and trade. Why is it that Exxon Mobil is still doing projects in the Artic and still doing projects in the Black Sea, which is Crimea, with the Russians and their energy companies? We already got the U.S. energy companies defying our own sanctions, and yet we are prosecuting French banks for doing the same thing. This is insane. We are losing control.

Join Greg Hunter as he goes One-on-One with Jim Willie, Editor of The Hat Trick Letter

 

 

After the Interview:

Jim Willie also said, “All the stories are converging as we now approach the climax.” If you would like to get a subscription of “The Hat Trick Letter,” click here. There are many free Jim Willie articles and interviews on the Home page of the GoldenJackass.com website.

 

Jim Willie: Germany Secretly Planning on Joining BRICS

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Written by testudoetlepus

July 24th, 2014 at 1:51 pm

Jim Willie Bombshell: It Has Begun. Germany To Break From US/UK, Join Russia/China Alliance!

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Day of The Dead

 

It is finally happening in full view, in unmistakable manner, in a way that the awake, the aware, and the conscious can perceive in alarming stunning terms. The central force of Europe, the industrial juggernaut, the stable core, has begun to pivot East. The Germans have had enough, fed up with destructive US activities of all kinds. For the last few months, they have been laying out their indictment, their justification, their reasons to abandon the corrupt US-UK crowd. The bank wreckage, the market rigging, the endless wars, the sanctions which backfire, the sham monetary policy, the economic sabotage, the spying, the gold gimmicks, it has finally reached a critical level. Germany has begun to move East in full view. Only the deaf dumb and blind cannot notice, and they will probably never notice. They are fodder. The awaited signals seen by the Jackass have finally arrived. Berlin is outraged by clear USGovt spying, and in process of conducting a Gold audit among their population. Germany is building motives to split from the Euro Monetary Union (common Euro currency) by forging stronger open ties with Russia & China. The justification is becoming plainly laid out, in four perceived indictment charges. Germany will break from US/UK and its USDollar fiat currency regime over four primary thorny issues.

 

by Jim Willie,  July 17, 2014

The grand stage leans East for the European players, with steps taken to the right, the weight having shifted, the messages suddenly more angry, more filled with disgust, more loaded with open confrontation. The commercial forces aligned with Russia are coming to the fore. The departure after a recent re-election by Chancellor Merkel should serve as the final slam of the hammer. She stood in the wrong camp, the banker and politician camp. They do not run Germany.

The marriage is over, the glow gone, the lawyers in the room, the bitterness in the open. Those exciting Saturday nights with the Germans and French enjoying a good ride with Mustang Sally are over. The once vivacious peppery exhilarating relationship with steamy back room sessions has turned ugly, old, nasty. She has lost her appeal, and worse, has turned vicious and destructive. Sally has stolen the jewelry, wrecked the credit lines, undermined the day job, and backstabbed the neighbors. As time passes, more joint accounts are seen as drained. Sally must go. The once thrilling tosses replete with the excitement of a bucking mare have turned into a kick to the head, a broken bed, as the acidic Buck has fallen from grace and burns holes everywhere. The lascivious flow has turned blood red, hardly a monthly matter.

The only thing holding the relationship and tight liaison together is the heavy narcotics flow through NATO bases and major European banks. Regardless, Sally must go. Her devious devices, tools, ploys, nasty friends, and antics threaten to wreck the European industry supply lines and heated homes. The nation’s accounts are depleted. Sally must go. Her ride is more like a kicking old hag with warts where a sexy smile once resided. Her trust is nowhere. She is wrecking the European house. Sally must go. When Germany turns away from Sally, and shows her the door, it will be clear in the global country club that Sally is gone.
Then eastern winds will blow some fresh air on the putrid parlors.

BERLIN INDICTMENT CHARGES
Berlin is outraged by clear USGovt spying, and in process of conducting a Gold audit among their population. Germany is building motives to split from the Euro Monetary Union (common Euro currency) by forging stronger open ties with Russia & China. The justification is becoming plainly laid out, in four perceived indictment charges. The Jackass believes Germany will break from US/UK and its USDollar fiat currency regime over four primary thorny issues. The four are major indictments, all extremely serious, all indicative of a decayed system and morally bankrupt leadership. The charges are coming into view, highlighting fundamental commercial, philosophical, and ethical conflicts that distinguish the two nations (considering US/UK a single entity). The issues center on the following key differences:

1) Good relations with Russia and continued energy supply from Gazprom
2) Displeasure over planned Draghi Euro Central Bank bond monetization
3) Disgust over NSA espionage by USGovt, with benefit for US corporations
4) Damage to German population from gold price suppression.

The damage began with the refusal to repatriation German official gold by the New York Fed. The damage ends with the USGovt NSA espionage. Germany is very angry, sufficiently motivated to part ways with the US/Anglo camp. The plan to make distance from the British & Americans appears to be well along in execution. The critical stake in the ground was the prosecution, investigation, and forced actions during the Deutsche Bank actions. The trained eye and informed view notices the intense activity for the last two years, as closing all the back doors from the gold halls. Some major eruptions can no longer be brushed aside as simple anomalies. The boils, open sores, and deep rashes are visible everywhere. The London Fix is being abandoned, Deutsche Bank forfeiting its seat, regulatory bodies in the deeply corrupted London Centre concluding nothing askew and all is well. The LIBOR scandal has some German ignition points, with no prosecutions anywhere in sight. The FOREX and Gold derivatives are under intense scrutiny, again with a German hand to unwind the corrupted arenas, with massive naked short raids continuing in the last two weeks.

EXIT USDOLLAR, ENTER GOLD STANDARD
The plan seem obvious for Germany, to exit the USDollar, but first to embrace the Euro as a caretaker currency platform before the Eurasian Trade Zone comes together and offers a gold-backed continental currency with broad shoulders. All of Europe will rally around the Euro flagpole, hunker down during the other financial HAARP-like storm (bearing Weimar nameplate), and ride the storm until the Russian-Chinese hard asset currency arrives. The BRICS have invaded the mainstream Western stage and hold a banner for all to see. The stage has been altered, its weight shifted, leaning to the East. Tremendously important historical events are occurring. The King Dollar is wounded mortally, having fallen off the throne, looking weakened, haggard, and ashen. Sympathy for the US-UK corrupt violent vindictive crew has vanished. Next comes the assaults on the European Commission, that corrupt den.

The path to the Gold Trade Standard is becoming visible, the key break being the divorce between Germany and the US/UK fascists. It complements the divorce between the US and Saudis which has occurred since March. That break has been detailed in public Jackass essays. The German break is the new event, with current episodes absolutely mesmerizing for their importance and shock. Some US press sources are awakening. The United States Govt has treated France and Germany like adversaries, even enemy camps. The BNP Paribas case was atrocious for its devious ploys, giving old line Europeans a kick to the head. The US rats have infiltrated with organized networks of espionage agents. The press prefers to describe them as merely eavesdropping. In reality they are gathering information on Germany strategic planning, on Germany corporate contracts in development, and on German political functions. The consequence is a coordinated indictment taking shape which will result in the final steps coming to pass in the Global Paradigm Shift. The USDollar will be chucked into the dustbin of history, but first, it will be kicked to the used car scrap heap where it awaits finally processing. That processing consists of the conversion of USTreasury Bonds into Gold bullion on a massive scale at numerous offices. The BRICS Banks are ready to do business. They are two, the Development Bank and the Contingency Reserve Arrangement (CRA). In time the CRA will be known as the New IMF for its function, while the Development Bank will be known as the Central Bank housing gold.

ESPIONAGE AGAINST ALLY
The attention has gone from Sally to Ally, the relation turned quietly hostile. Not the queer conversion of GMAC into an empty bag lending institution, but rather the key Central European Ally in NATO. In the past Hat Trick Letter essays, items #1 and #2 have been addressed, focus having been on the deteriorated Ukraine situation and the antagonistic Bundesbank position. The US fictional output from destructive fracking and deceptive shale projects has been pledged to Europe, in a massive ruse that is vacant on its face. Huge 95% writedowns of shale oil reserves like by Monterey in California, combined with departures of fracking firms like Medallion in Western Pennsylvania, testify to the fact that the USGovt strategy is a ruse with empty tube. The German central bank has challenged the Draghi EuroCB not to embark on destructive unsterilized bond monetization. In the past, the EuroCB policy disagreements on phony bond patches and bond monetization have been the source of great conflict, even with German high court rulings against the EuroCB. The LTRO (Long Term Refinancing Operation) is but another device from the same Weimar laboratory, a mere banker con game with super seniority rights to favor the elite investors.

In extreme focus in the past month is item #3, the nefarious NSA espionage. Those who call it eavesdropping miss the point. It is not about catching juicy information on politician affairs. It is not to grab a lead on Merkel’s next luncheon for tabloid display. It is to seize information on Russian and Chinese developments and plans, on the commercial front and financial sector respectively. It is to infiltrate the German computer systems and communication systems, probably to plant Trojan Horses for later leverage in blackmail at the state level. The Berlin officials are well aware. The entire NSA espionage chapter appears to be exploding on the scene. In fact, word has come that Russian Intelligence offices tipped off the Berlin officials about the USGovt NSA activity before arrests were made last week. The Snowden files are being used in important ways. The Central European source stated briefly, “The comical part in all this is that Russian intelligence FSB and GRU tipped the German authorities off by providing the leads.” The Germans followed up quickly, so quickly that a divorce is the conclusion. In the meantime, the German-Russian cooperation with trust develops while the German-Anglo trust withers away. The break between the Germans and the Fascists from US-UK-EU may be closer than ever, as history is turned on its head since World War II. The entrenched Fascists on the global financial war front are the Americans and British accomplices, the big corrupt banks being the pillboxes. They will be abandoned, or toppled. At risk is the NATO Alliance. If and when Germany pivots fully eastward, the NATO membership will be rendered empty chair with a speaker phone attached.

GOLD ROOM CRIME
On item #4, a national audit seems underway inside Germany, as part of a criminal investigation. The purpose is not made clear, but the agenda seems obvious to the Jackass. The Federal Financial Supervisory Authority (BaFin) has asked German banks and investment intermediaries to formally hand over data about clients investment in precious metals until mid-July. All the depots will respond. The state wants to determine the extent of private sector German investment in Gold & Silver. The BaFin has requested copious information about client investments in precious metals from German banks and asset managers. But the requested information is only about derivatives. A national audit seems the path, to determine damages to institutions and citizens alike. They seek certain precious metals or groups of precious metals as reference value, as well as shares in precious metals. They cite the Securities Trading Act and the Capital Investment Act, much like an attorney would before the court. Explicitly mentioned are Exchange Traded Funds, Exchange Traded Commodities & Certificates, which involve gold, silver, platinum, and palladium. BaFin has requested information from 2013, such as details on volumes and order size, in addition to methods recommended. The national audit is underway, even if not stated in public in clear terms. The entire gold issue began as a major sore spot when the New York Fed refused to repatriate 330 tons of gold from the German official account. Since that event, it has been like pulling a thread in a sweater.

The full purpose has not been revealed, but a multi-sector national audit for precious metals market losses due to corruption seems the ultimate motive. To be sure, BaFin has been making formal inquisitions on alleged gold price manipulation for more than a year now, especially at Deutsche Bank. The bank has many vice presidents actively squirming, as they reveal key data on London frauds, cutting immunity deals for themselves. Thus the London mid-level banker murders with ties to Germany. Many believe the investigation of German gold investments could possibly be related to extensions of the FOREX and Gold market investigation underway at D-Bank. The suspicion from the German front is to identify the extent of potential damage caused to investors by gold price manipulation. BaFin told Gold Reporter in a written statement that the inquiry was routine and that the probe does not relate to investigations on alleged gold price manipulation by Deutsche Bank. Conclude therefore that a bigger purpose is at work, to take account of national damages to German financial firms and German citizens. Furthermore, and not incidentally, many German citizens have large accounts in the major Swiss bullion banks, where corruption is rife, the secured gold illicitly sold. Ongoing class action lawsuits are in progress, kept well under wraps.

MISCELLANEOUS HINTS & WINDS
Many are the other scattered indications. They are growing fast like open windows, all facing the Easterly winds. The July Money War Report for the Hat Trick Letter offers details, but here are some in synopsis form to mull over. The mosaic is filling in, the collage telling the story. The Germans are going to give Russian partner a bear hug and the US bitch the cold shoulder. As a German official recently said, enough is enough.

The Germany Govt has instructed its companies to limit cooperation and procurement orders with the US corporations. New strict guidelines on security are to be enforced, as the fallout grows. They are installing No-Spy clauses in German contracts to guarantee that untrustworthy US firms do not relinquish confidential data. The effect will be felt by IBM, Cisco, and Microsoft. The effect has already seen an impact with a canceled Verizon account, where suspicion runs thick of planted blackmail Trojan horses and virus seeds. Severing ties with Russia, crushing relations with China, alienating France, and angering Germany has managed to sour relations with old friends to a point where one wonders just who is a remaining US ally in Europe these days. Germany will sever banking and business ties with the United States, as a matter of survival, all in time. NATO is a major clue.

Stephen Leeb has noticed Germany and China making a stronger alliance, along with Russia. While the USGovt spies on Germany (corporate trade secrets too), Berlin is turning Eastward. The Jackass has been adamant, how Germany is the linch pin in the Eurasian Trade Zone coming to form. India is important, but Germany is the game changer. Leeb notices how the Germany is being called strategic partners by Chinese leaders. He notes the growing relations with Russia. He concluded, “Perhaps the United States is spying on her [Merkel] because of her closeness to not only Russia, but also to China, and her distancing herself from the United States. It appears that the German-Russian-Chinese connection is getting stronger and stronger, and the [connection with the] US is becoming more distant. It feels like the world is changing in front of us. Do not be surprised to see Gold & Silver being the ultimate safe havens, but also Gold being sure to play a part in the new reserve currency in the East. This means the price of Gold will soar as that [scenario] begins to unfold. We are very close to that point of inflection, and every news story of any importance that I see proves that is the case.” Leading analysts are noticing the German linch pin. Leeb detects a new Gold-backed currency launched from the East like a ballistic missile. It will contain Russian & Chinese markings, a BRICS guidance system, and elite private consultant designers. Sally must go, the Greenback to yield to the Redback.

Massive demonstrations in German cities have taken place, aimed to end the Federal Reserve. Consider Lars Maehrholz, main organizer of the massive Monday peace vigils in Berlin. The recurring vigils are part of an autonomous fully independent movement that gained massive popularity in the capital city. Like with the Occupy Wall Street movement, their advocates are under attack, in this case violent. Maehrholz is the object of severe criticism by the German mainstream media and political system. Worse, a car he was riding in was the object of a fire bomb incident by an anonymous perp. Lars had received online threats of exactly such actions. The coverup went into action quickly. The local police decided that the car caught on fire by itself, and are not investigating the case. Luckily neither the organizer Maehrholz nor his companion were in the car when it was set on fire. The common finger of suspicion points once more to Langley, where the professionals ply their trade. Memories of Operation Gladio remain fresh during three decades of sponsored Langley violence.

Germany has suspended shale-gas drilling for the next seven years during a political standoff with Russia, the nation’s main gas supplier. Not only are shale projects a source of contamination, but they rub Russia the wrong way. They will be halted. Besides, they have deep concerns that exploration techniques could pollute groundwater, even sap electricity capacity. The dangerous fracking in Germany will stop for the foreseeable future, which wins praise from the environmental groups in the country. The Halliburton chemicals (monopoly in fracking business) are reputed to include toxic additives far beyond those necessary to release the natural gas, like heavy metals and even radioactive waste. Notice in Germany, how common sense prevails over corporate greed, corruption, and corrosive global agenda.

Germany and China are developing a special relationship, forging some new deals in the automobile and aviation sectors. The nations are embarking on deals to build helicopter and car plants. The deal precedes high level meeting between the German Chancellor and Chinese Premier. China is the magnet and Germany is being drawn into its vast sphere. Hundreds of German firms do active business in China, led by construction firms and equipment suppliers, as well as car makers and machine tool firms. The main contracts featured the purchase of helicopters from Germany, worth over $400 million. Germany’s enthusiasm has come with gusto toward the construction of the Silk Road Economic Belt. It will serve all Europe. Over 3000 (three thousand) German companies do active business in Russia. Those who expect a German boycott of Russia as part of USGovt sanctions are true morons. The more pressure the US leaders apply, the more they will break apart the NATO Alliance with a crowbar.

Expect new block buster contracts with Volkswagen, Siemens, Airbus, Deutsche Bank, and Lufthansa, all very popular brands among the rising middle class in China. BMW sold half a million cars in China last year, which they would prefer not to cut off. Honoring lunatic US-led sanctions means hundreds of thousands of German job losses. As an added spice, an Eco-Park will be built in Qingdao which will showcase energy efficient buildings, using German engineering. The link is clear. Germany is going East for trade reinforced by secure energy, which is certain to cause a rift and split for US relations. The US cannot stop evolution, where the Western European nations forge stronger ties with Russia, which on the return lane provide reliable cheap energy supply. At risk is the entire system of NATO bases across Europe, which have been abused with narcotics distribution, and recently overrun by professional mercenaries. Neither narcotics trafficking nor accommodation of private mercenaries are not part of the original NATO Treaty.

COMING SOON THE BRICS CURRENCY
The climax event is the launch of the BRICS currency. Informed sources, whom the Jackass believes are directly involved in the planning, execution, and implementation, inform that the new currency will be gold-backed with further backbone in silver, crude oil, and in some manner natural gas. The Gazprom gas pipelines are far more important than the financial press mention. They are the skeleton and distribution system by which to capture Europe and to install the New Gold Trade Standard. The hints of its arrival are seen in the details for the BRICS Development Bank and the BRICS Emergency Fund. Without any hesitation in my mind, it is clear that these funds will serve as fronts for massive conversion of USTreasury Bonds into Gold bullion, which will reside in the BRICS Central Bank. The decision for location of the funds might be haggled in the open, but expect the central bank to be dispersed, using various key locations. The BRICS nations are all too familiar with US & Langley tactics, to destabilize, to raise internal dissension, to launch a war, and to steal the gold in banks amidst the chaos and confusion offered by the maze and din of war. The war in Ukraine, just like the war in Syria, and the attacks on Cyprus, all had Gazprom as common element.

The wars are to defend the USDollar, in the last stages of its reign of terror. The harder the US gangsters pull on the reins, the more they apply the fracture from the lever. However, Ukraine is the Waterloo. Yet comes the dreaded HOLOMODOR (famine) since no planting season took place in the fertile rich lands. Thus no growing season during the outbreak of war. Thus no harvest season. Starvation during a collapsed economy will surely turn the tide against the US-led Fascists in Kiev, all in time. Mass defection among their ranks has already begun, the fascist forces running low on supplies like ammunition, food, water, surrounded and until a hail of grenade fire at numerous locations. Thefts of their central bank gold and raiding official bank accounts by the US-led regime assured the outcome. Do not expect Germany to continue its reckless NATO support in this failed mercenary action. The ultimate victim of this desperate adventure will be the USDollar and NATO.

 

 

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Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com. For personal questions about subscriptions, contact him at JimWillieCB@aol.com

 

IT HAS BEGUN- GERMANY TO BREAK FROM US/UK, JOIN RUSSIA/CHINA ALLIANCE!

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