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Jim Willie: Dollar Ready To Die, We Are Losing Our Country

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by Greg Hunter – June 18, 2014  USAWatchdog.com

Financial newsletter writer, Dr. Jim Willie, says, “The dollar is ready to die . . . I think the funeral march starts this year. I have been saying the year is not going to close out the way it started.” What will Americans increasingly see coming as the dollar crisis picks up speed? Dr. Willie says, “I think they are going to see pink slips from their employers. I think they are going to see higher prices for fuel and food. I think they are going to start to see advertisements for jobs from Chinese run companies on U.S. soil. We are losing our country. I think we have already lost our country. . . . We’re going to lose our ability to make decisions independently now. When decisions are made on various fronts, I think we consult the Chinese. I think the Chinese have been consulted regarding the Ukraine action. I think the Chinese have pretty much ordered the divorce between the Saudis and the United States. We are losing control of our country.”

On global events that include politics and money, Dr. Willie, who holds a PhD in statistics, says, “Isn’t it interesting that every month we have an acceleration of events. . . . Ukraine was a trap and the United States walked into it. Now, we are seeing the quagmire. Next, we will lose NATO. In Iraq, a similar thing has happened; but in the Arab world, a trap has been set and the United States is walking into it. The result is going to be very fuzzy and uncertain, but I can guarantee you it will not be favorable to the Obama Administration and their relationship with the Pentagon. . . . When you get right down to it, the United States funded and trained both sides of the conflict. Now, we’re caught with the consequence of that. What we trained secretly and funded secretly to attack Syria, as our allies, they are attacking our other allies in Iraq. So, the United States is on both sides, caught in the middle, and walking into a trap.”

A big ongoing theme of Dr. Willie is the world moving away from use of the U.S. dollar in global trade. It is accelerating, and Dr. Willie contends, “It’s becoming a parade, and the U.S. is going to succeed in isolating 90% of the world, and in doing so, will isolate itself. You can’t sanction the whole world that does not want to use the dollar. If you do that, what you do is define the non-dollar world. You crystalize it. You bring it into shape and enable its birth. That’s what the United States is doing. We must focus on the fundamentals. The dollar is toxic. . . . We have ‘quantitative easing’ (QE) and unsterilized bond monetization; in other words, using printing press money to sustain Treasury bond demand–that’s toxic. That goes against everything central bankers taught for 70 years until 2008. So now, they are purveyors of heresy. It makes the dollar toxic because all the assets are mispriced. You have Wall Street fraud that is largely permitted. . . . So, we have derivatives, Wall Street fraud, QE, 0% interest rate, and endless war to defend the dollar. We’re to the point now where it is quite clear that nations who announce they want to get off the dollar are declared terrorists, and we wage war against them. It is a simple as that, and I have been saying that for three years, and it is finally sinking in to the meatheads who do not subscribe to The Hat Trick Letter.”

Dr. Willie goes on to predict, “London and Frankfurt are being set up to become RMB hubs. That stands for renminbi, which means the peoples’ money. . . . So, China is setting up London and luring them into becoming an RMB hub to do Chinese government bond trading. London loves it. They are a financial center. I believe China is doing that to splinter off support for NATO activity against Russia.”

On the subject of the U.S. supplying natural gas to Europe, Dr. Willie says, “They talk about supplying Europe, but they don’t even have the ability to deliver it to Europe. They don’t have LNG (liquefied natural gas) ships to deliver. There are inadequate European ports to accept. They don’t have pipelines across the Atlantic. What kind of idiot devised this plan? I’ll tell you who, the guy sitting in the White House.”

On the split between the Pentagon and the CIA on foreign military policy, Dr. Willie contends, “Keep in mind, the entire Ukrainian and the entire Syrian projects on the military side were NOT done by the Pentagon. They were done by Langley (CIA). The Pentagon is saying we don’t support all these moves. We don’t want to expand the war. We don’t want confrontation with Russia and China.”

In closing, Dr. Willie says, “We have lost our nation, lost our industry, lost our viability, lost our rule of law and, now, we are relying on attacks on other nations that want to abandon the dollar. What the United States is going to succeed in is isolating 90% of the world and, therefore, isolating itself. It’s already happening in spades, and you can’t stop it.”

Join Greg Hunter as he goes One-on-One with Dr. Jim Willie, Publisher of The Hat Trick Letter which can be found on GoldenJackass.com.

Dr. Jim Willie has just celebrated the 10 year anniversary of The Hat Trick Letter. A subscription is $110 for 6 months. If you would like to subscribe to The Hat Trick Letter, please click here. There is also free information on the home page of GoldenJackass.com.

 

Dollar Ready to Die, We are Losing our Country-Jim Willie

[Greg Hunter]

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June 18th, 2014 at 1:44 pm

Jim Willie: BRICS Gold Central Bank Outpost

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A processing plant is being formed, to rid the Saudis of USTreasury Bonds, and to rebuild their Gold reserves.The Saudis have announced a new sovereign wealth fund to be established, independent of their central bank, devoted to prudent investment. Read gold investment. The indication is clear movement away from the USDollar and USTreasury Bond complex. The US-Saudi divorce is speeding away from the lawyer’s offices, and asset redistribution is the key word. Abandonment of the Petro-Dollar involves the reversal of a generation in commitments. It involves discharge of decades of accumulated rubbish US$-based debt paper. We could have the first sighting of a BRICS Central bank outpost for processing USGovt debt securities, straight into Gold bullion.

 

by Jim Willie
June 12, 2014

While the West has been mesmerized by the chaos in Ukraine, surely to become an implosion site, while attention has been directed on the Negative Interest Rate Policy coming into view, surely to become the norm for banker skimming on yields, while focus has been on Spain’s royalty in abdication, surely a change of the dark nobility guard, the Jackass has yawned and turned the view toward Saudi Arabia, surely a significant event on their fund news. They have announced a new sovereign wealth fund to be established, independent of their central bank, devoted to prudent investment. Read Gold investment. The indication is clear movement away from the USDollar and USTreasury Bond complex. The US-Saudi divorce is speeding away from the lawyer’s offices, and asset redistribution is the key word. Abandonment of the Petro-Dollar involves the reversal of a generation in commitment, even more. It involves discharge of decades of accumulated rubbish US$-based debt paper. We could have the first sighting of a BRICS Central bank outpost for processing USGovt debt securities, straight into Gold bullion. The Saudis might win giant favor with Russia & China, the new dynamic duo, by jump starting the process of dumping USTBonds, followed by converting them into Gold bullion. The Great Indirect Exchange might become far more direct.

THE SAUDI MOLD
A few main questions arise, like whether the Saudis will formally join the BRICS Associates as part of their nascent alliance with Beijing. The embryonic relationship had a debutante ball in the form of huge multi-lateral conference in the Great Hall just a couple months ago, followed by a grand FU signal to US eyes during a military parade featuring Chinese missiles. The Jackass suspects a processing plant is being formed, to rid the Saudis of USTreasury Bonds, and to rebuild their Gold reserves. They must replace what London and Switzerland have stolen. Another question arises, whether Saudi and Iran will coordinate energy policy and payment systems outside the USDollar, even in gold settlement. The Saudi fund could assist in the process. A final question arises, whether to expect a dozen such BRICS Central Bank outposts for processing USTBonds into Gold will arise and take form. A vast satellite system of BRICS central banks might spring up, in mimicking fashion to the Western central bank franchise system that includes the USFederal Reserve, the Bank of England, the Euro Central Bank, the Bank of Japan, and others such as the Swiss National Bank.

The Jackass believes the Saudis will create the mold, to be copied elsewhere. The Jackass believes the Saudis will soon announce a payment policy that accepts any major currency for oil shipments, even petro-chemical shipments. The Jackass believes the entire Gulf region will soon coordinate policy toward the Petro-Yuan standard as a temporary caretaker vehicle, with the ultimate destination to be the Gold Trade Settlement system. The Jackass believes the Saudis and Iran will become working partners, not friends, replete with constructive engagement. Remove the US element from the equation, and war with other violence often goes away. It is the nazi element and common thread. The Chinese deal in trade as the handshake, the new model. Watch China become the global mediator in diplomacy. The opportunity is there, but Beijing start at home. They must treat neighbor nations like Vietnam in Southeast Asia with fewer elbows to the face.

OFFICIAL NEWS ARTICLE
The official news item was short on details, long on implications. The crafty alert observer can read between the lines. The kingdom of Saudi Arabia will establish its first sovereign wealth fund to manage budget surpluses worth hundreds of $billions, according to the kingdom’s state news agency. The Shoura Council is expected to discuss a draft law for the National Reserve Fund imminently. The fund would take control of management for the entire kingdom’s investments from the central bank. That is the zinger, independence. Saudi Arabia remains the world’s largest crude oil exporter. It has not been revealed whether the fund would change the kingdom’s investment strategy. In the past four decades, the strategy has been to recycle petro surpluses dutifully into USGovt bonds, in the critically important Anglo cutout role. The eyes of Kissinger and Rockefeller types are on them, the designers of the Petro-Dollar defacto standard, which replaced effectively the Gold Standard in 1973. Just two years earlier, the Bretton Woods Accord was abrogated. The fund would start with capital representing 30 percent of budgetary surpluses accumulated over a number of years. In the past three years alone, the kingdom has announced budget surpluses totaling about $232 billion. See the Arabian Business article.

OTHER SOVEREIGN FUNDS
Other regional Gulf Sovereign Wealth Funds have invested in property internationally, primarily in Europe. They own plenty of UKGilts and EuroBonds and probably more than a handful of Japanese Govt Bonds. The Saudis are clearly signaling a major move out of USTreasurys. Soon come announcements that Saudis will accept any major currency for oil. Iran already is finding little resistance, like in energy sales to India and Turkey. The USGovt will soon quit the battle of imposing sanctions on the entire world. The BRICS foundation is showing signs of coming together. This is the exit of Petro-Dollar and its death dirge with no more fascist goose step in the marching formation, a break from the Anglo-American banker thieves and fraud kings.

Other Sovereign Wealth Funds in the Gulf region are extremely significant. The leader is the United Arab Emirates with their massive Abu Dhabi Investment Authority fund, which contains $773bn. But UAE also has four other such funds totaling another $286bn, which tips the total past $1 trillion to $1059bn. The Saudi fund SAMA Foreign Holdings has $737bn. The Kuwait Investment Authority has $410bn. The Qatar Investment Authority has $170bn. The total Gulf region SWFunds have a combined $2.377 trillion. If a mere quarter of the funds are directed toward Gold bullion conversion, the Gulf region could supply the equivalent of a FortKnox for Arab usage to back the Gold Dinar currency. The once glistening fortress in Kentucky used to house 8500 tons of gold until it was stolen by the Clinton-Rubin gang. Only morons and dupes believe the official story of relocating it to the New York Fed and West Point for safe keeping, coupled with lunatic concepts like Deep Storage Gold. Ask Germany, Netherlands, Austria, and Venezuela how the safe keeping of their official gold account is doing. See the SWF Institute listing of funds and their data in detail (CLICK HERE).

So conclude that the Saudi SAMA official fund has almost 3/4 of a $trillion, all ready and waiting to exit toxic paper status, and achieve true valid gold reserve status. Well, or a sizeable portion to exhibit the new practical functional role of the BRICS Saudi Central Bank Output for conversion of toxic Western sovereign debt paper into precious metals.

IMPLICATIONS TO GOLD-OIL TRADE
Consider the Saudi SWFund move a not so subtle FU to the US financial regime with their power lodged in the USFederal Reserve and USDept Treasury, and their vehicles operating as USDollar and reserves asset tucked in global banks as the USTreasury Bond. One must wonder if the Belgium Bulge Billboard of stacked stashed stuffed USTBonds is actually at least 30% Saudi, and not exclusively Russian. The funds from Saudi surpluses are being taken away from the Saudi central bank, which means that the Saudis are withdrawing from the Fed-led central bank franchise network. The Saudis are making a clear indicating of turning East. The divorce means the Saudi Royals have begun to make distance from the Anglo-American bond fraud kings and paper merchants. Expect more transparency in the future. Expect a huge diversification away from USTBonds. Expect the foundation early in stages for the net settlement in the Gold-Oil/Gas swap, which China also implemented with Russia. The arrangement could be an intermediary step toward full Gold Trade Settlement, used as a future model. All that lacks are an array of gold-backed currencies and Gold Trade Notes to act as letters of credit. To be sure, the need now is acute for a vast satellite system of BRICS central banks to spring up. Next could be the Shanghai Free Trade Zone. It would be a kick in the face (nuts) if Frankfurt announced a BRICS central bank for managing sovereign wealth, the zipword codeword for diversification away from USTreasury Bonds into Gold bullion. Frankfurt is destined to become the global Yuan (RMB) hub for Asia and Europe. They could start with a gold conversion function. The effect on the US-UK-EU would be a true scheiss storm complete with fecal particles.

The Belgium Bulge is increasingly looking like collateral posted by the Saudis or Chinese for Gold. If done equally by the Saudis and Chinese, then the BRICS central bank sourcing project has two key players, with more to follow. The integration of the Petro-Yuan will have many sides, and the Saudi central bank appears to have more development to come. The Petro-Yuan has numerous integral project elements to come. We could be witnessing a key outpost in creation, this Saudi sovereign wealth fund, an important element in the payment for oil in gold, using USTBonds as active currency in the credit grease lubrication role only. The conversion from bond to gold for oil payment might be coming into view, a key Petro-Yuan function apart from conversion of reserves on the investment side.

SATELLITE OUTPOSTS TO COME
Expect each BRICS nation to have a central bank processing plant to convert the toxic USTBonds into Gold bullion. They will process the other sovereign bonds as well. Expect Shanghai and Hong Kong to have one, and Moscow, along with DelhiIndia and Rio de JaneiroBrazil, Johannesburg South Africa too. Other nations will host BRICS central bank satellites like Riyadh in Saudi Arabia and Dubai in the United Arab Emirates. Eventually expect BRICS central banks to spring up in Frankfurt Germany, in AnkaraTurkey, in TokyoJapan, and in TehranIran. It will be impossible to stop the trend in diversification out of USTBonds and into Gold since it is healthy and part of a bonafide solution. To be sure, a large amount will be converted into Chinese Yuan and Russian Ruble, since much Eastern trade will be settled in those two rising currencies. They will both give birth to gold-backed currencies. Ironically, both China & Russia are in possession of far more Gold reserves than the global economy sees in currency flow for their Yuan and Ruble currencies. The energy trade will soon be settled in Yuan and Rubles, in response to the stupid USGovt sanctions that have all the appearance of self-inflicted shotgun wounds to the face and chest, even onions.

The usual tactics will be used against the BRICS & Associate nations which strive to rid themselves of the toxic USDollar. Many ask why the USD is called toxic. The answer is simple. It has USGovt debt behind it, which is financed 80% by USFed unsterilized bond monetization, the sheer creation of phony money to cover debt. It has Zero Interest Rate Policy behind it, which distorts all asset prices. It has permitted protected Wall Street criminality behind it, which features massive bond fraud, property title fraud, bond counterfeit, insider trading, and narco money laundering. It has endless fascist wars behind it, which sustain the hegemony and make crystal clear that the USDollar has more a military backing than an industrial economic backing. The usual tactics to prevent the BRICS & Associate nations will include bribery, threats of violence, more fraud, shared narcotics traffic profits, basic murder (assisted suicide), ostracism from the system, continued sanctions, and cash settlement in the metals market. The world cannot begin a resolution and recovery from the cancerous economic plight without discarding the USDollar and salvaging USTBonds. Already many nations are selling USD cash at a 30% to 35% discount for redemption in their native currencies, the ugly little secret along with countless other ugly secrets.

The Gold Standard is the solution for the chronic financial plague that must respond to toxic USD blood coursing their its global economic system, the trade arteries and the banking reserve veins. You will know progress is being made when the BRICS central banks enjoy a brisk conversion trade into Gold bullion, and the COMEX shuts down. All in time. A trend setting conference is soon to take place. The Gas Exporting Countries Forum (GECF) has its next summit to be held in Qatar squarely in the Gulf. Let it be called the Nat Gas Coop, which will eclipse the OPEC in every possible way. The exerted pressure on the gold market and the Gold Bullion Banks will be horrific. They will either declare Force Majeures or scramble to replace the hypothecated (stolen) gold bars. Criminal prosecution might become as common as far more prevalent banker murders. Let them push up mushrooms from six feet under, rather than cause mushroom clouds in the increasingly toxic air treated by chemtrails.

 

 

THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
“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)

“Your Hat Trick Letters reports are like the food I like to eat, nutrient dense, high fibre, many rich single and combined flavours, unadulterated, very colourful, (especially your turn of phrase, unique), tidbits from all over the world. I always look forward to them too, a very satisfying feed/read, with original connections between ingredients and forward culinary thinking leading to new dishes from heretofore un-imagined recipes that are obvious from hindsight and take some time to chew and digest.”
(Nick from Australia)

“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

 

Jim Willie: BRICS GOLD CENTRAL BANK OUTPOST

[SilverDoctors]

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June 13th, 2014 at 2:28 pm

Rob Kirby: The Derivatives Market Will Collapse Soon, System Breadown Certain with Bank Holidays and Possible Martial Law

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Interview with Elijah Johnson

Interview with Paul Sandhu

 

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June 11th, 2014 at 3:13 pm

How Near is the U.S. to a USSR-like Economic Collapse?

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Dmitry Orlov interview

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Interview on Voice America

[ClubOrlov]

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June 11th, 2014 at 2:35 pm

Rob Kirby: U.S. Gold Holdings Close to Zero

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a photo by William Banzai7/Colonel Flick on Flickr.

 

by Greg Hunter

Financial analyst Rob Kirby is an expert on forensic macroeconomics. His research shows central bankers are starting to not trust each other. Kirby cites Austria’s recent demand to audit its gold held in London. Kirby explains, “. . . Austria seems to have a reason to want to go and see it and inspect it and know that it is real and see it hasn’t been sold and nothing untoward has been done to it.” Austria joins a list of countries, such as Germany, concerned about its gold holdings. Kirby contends, “We are seeing cracks in the trust that, five years ago, there was no questioning the ownership or custody of sovereign metals stored at the Bank of England or the U.S. Federal Reserve; and, now, we’re seeing countries are questioning and want reassurances. There’s been a breakdown in trust (between central banks). . . . This is now a distinct pattern, and I expect it will accelerate as time goes on.”

What happens if Austria is not granted access to its gold by the Bank of England? Kirby speculates, “I would say there could be some piling on. There could be some other countries that could be concerned about the state of their reserves. Kirby goes on to point out, “Countries around the world with foreign reserve accounts where they hold vast amounts of U.S. dollars, all it’s going to take is for one of them to get really spooked . . . and bolting for the door is for countries with these massive foreign reserves is to start madly buying gold. At some point, countries, if they feel their gold has been compromised, they might want to replace it in a hurry. . . . All the countries holding vast amounts of U.S dollars in their reserve accounts . . . think many of them think those dollars, in the end, are not going to be worth anything. That raises the inclination for one of them to spend them or use them before they lose them or they become worthless. I think there is a growing propensity for someone somewhere to do this.”

What about America’s gold? Is it still in Fort Knox? Kirby says, “I don’t believe America possesses any substantial amount of gold. America claims to have sovereign holdings of just over 8,000 metric tons. I believe that number is grossly inflated, and it might be close to zero.” What would happen to the dollar if it was indeed fact that America had very little gold left in its vaults? Kirby contends, “There would be calamity in the financial markets around the world. . . . If the 8,000 tons of gold has grown feet and is not where it is supposed to be, it would certainly qualify as a national secret. This would also explain why the United States has been so dead set against a proper audit of its gold reserves.”

Kirby has 15 years’ experience as an international derivatives broker. There are hundreds of trillions in derivatives spread around at the major global banks. There is no public market, no standards, and no guarantees. If someone miscalculates by a small amount, Kirby says the whole system could crash. Kirby explains, “You’ve got one bank in Germany that’s got a derivatives book that is 20 times the size of Germany’s GDP . . . . Germans have seen their currency go to zero. Germans know this can happen because it’s happened to them. Americans don’t think this can happen to them. Americans think they can print money until the cows come home and that they can control anything by printing more money. You can’t solve a problem of indebtedness by continuing to print money. This is fraud on the highest, highest order. This is not going to end well. What they are doing is bluffing with the future of humanity. They are bluffing with the future of mankind.”

Kirby goes on to predict, “Ultimately, we are going to get to a place where we will have no more choices. It will blow up. We are seeing cracks in the foundation of this fraud. . . . Gold and silver is your life insurance policy, and it isn’t going to come into its own until this current system breaks. I think we’re close to the current system breaking. . . . The way America is printing dollars, the dollar will absolutely go to zero.”

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

After the Interview:

Rob Kirby lives across the border in Toronto, Canada. Kirby says he no longer travels to the U.S. because he does not trust the U.S. government. He points out that he likes America, but not our leaders. Kirby also told me his website is visited regularly by U.S. government agencies such as the CIA, NSA, State Department and the INS. He told me he has the data to prove it.

To visit KirbyAnalytics, click here.

 

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June 11th, 2014 at 2:13 pm

Jim Willie: China & Russia Have Accumulated Over 40,000 Tons of Gold Reserves; Japan, Saudis, & Germany Will Turn Against US, Join Russian Alliance!

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Part I

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Part II

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In the first of two EXPLOSIVE interviews with SD, Hat Trick Letter editor Jim Willie gave some of his BOLDEST & MOST SHOCKING PREDICTIONS EVER for SD listeners:

Willie dissects the Holy Grail Gazprom gas deal, which he states is an OPEN DOOR for the dumping of Treasury bonds in exchange for energy

Russia Liquidating T-bonds through Euroclear in Belgium to acquire gold

Big Surprise Coming for London Boys: Frankfurt to Become Financial Hub For All of Europe & Asia- Willie reveals insider details

Large sovereigns (Russia, China, India, Saudi Arabia) now working together to source massive gold reserves for gold-backed USD replacement

China & Russia Have Accumulated Over 40,000 Tons of Gold Reserves for USD Replacement!!

 

In Part 2 of his most EXPLOSIVE interview ever, Hat Trick Letter editor Jim Willie was on fire, dropping numerous new BOMBSHELLS for SD listeners:

Dead Petro-Dollar Event Coming- Saudis set to announce the acceptance of ANY CURRENCY for oil, ALL OPEC Nations to Follow!

US Economy in Free-fall- stark evidence screaming full collapse ahead as monetary velocity plunges to 20 year lows!

QE has been a dead-weight millstone on the neck of the US economy – true purpose is to collapse the US economy and institute global fascism!

And Willie’s MOST SHOCKING CLAIM EVER: Japan, Saudi Arabia, France, & Germany are preparing to turn against the US, & join the Chinese/Russian Alliance!

 

 

Jim Willie’s MOST SHOCKING CLAIM EVER: Japan, Saudis, & Germany Will Turn Against US, Join Russian Alliance!

[SilverDoctors]

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June 10th, 2014 at 1:56 pm

Surfing Finnegan’s Wake

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Terence McKenna discusses James Joyce’s masterpiece “Finnegan’s Wake,” the enigmatic Irish novel which confuses, fascinates, bewilders, and mystifies. “In some ways, I think it can arguably be said that this is the quintessential work of art, or at least work of literature, of the twentieth century. The reason I’m interested in it is because it’s two things, clearly. ‘Finnegan’s Wake’ is psychedelic, and it is apocalyptic/eschatological. What I mean by psychedelic is there is no stable point of view. There is no character, per se. You never know who is speaking.” “‘Finnegan’s Wake’ is as if you had taken the entirety of the last thousand years of human history and dissolved all the boundaries.” “In some ways, I think it can arguably be said that this is the quintessential work of art, or at least work of literature, of the twentieth century.”

“Joyce, once in a famous interview, said that if the whole universe were to be destroyed, and only ‘Finnegan’s Wake’ survive, that the goal had been that then the entire universe could be reconstructed out of this.” “People say the psychedelic experience is hard to remember, dreams are hard to remember, but harder to remember than either of those is simply ordinary experience.” “The character of life is like a work of literature. We are told that you are supposed to fit your experience into the model which science gives you, which is probabilistic, statistical, predictable, and yet the felt datum of experience is much more literary than that.” “The purpose of literature, I think, is to illuminate the past and to give a certain guidance as we move into the future.”

“We are living in a terminal civilization. I don’t want to say dying, because civilizations aren’t animals. But we are living in an age of great self-summation. … Western civilization has had a thousand years to work its magic, and now there is a summation underway.” “Somehow, complexity is the ocean we have to learn to surf.”

   - Terence McKenna

Part I

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Part II

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June 4th, 2014 at 2:36 pm

Jim Willie: “We’re Watching A Systemic Breakdown, & The Death Of A Nation!”

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June 4, 2014

In this MUST LISTEN interview with Finance & Liberty, Hat Trick Letter editor Jim Willie explains why the Eastern world will stop using the U.S. dollar and return to a gold standard, and goes on an Epic Rant regarding the control that the banksters currently hold over the US & Western financial system. Willie states that “We’re watching a systemic breakdown, & the death of a nation” and that the current SATANIC SYSTEM is coming to a sudden end.

Episode One

Episode Two

Episode Three

 

“We’re Watching A Systemic Breakdown, & The Death Of A Nation!”

Silver Doctors

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June 4th, 2014 at 2:07 pm

Jim Willie: Modern Battle of The Bulge As Russia Dumps Tbonds Through Belgium, Buys Gold!

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a photo by William Banzai7/Colonel Flick on Flickr.

 

The detection of the rapid rise in USTreasury Bonds in the Belgium official central bank account has aroused broad and deep suspicions. The TIC report indicated that Russia indeed dumped a record $26 billion in January, equal to 20% of all of its holdings, bringing its post-March total to just over $100 billion. The question must be raised whether a hidden party has joined Russia in the dumping process. Clearly, the Belgium Bulge indicates a late stage of collapse. The game is fast changing, using big hidden channels in the monetary war.

History might be repeating itself with a financial war-front Battle of the Belgium Bulge, a pincer movement to capture Western gold and form the Anti-USD Central Bank. The Belgium Bulge means a big Sovereign Type Entity is in the Game, who refuses to take losses but instead continues to post collateral with a goal toward taking Gold Delivery.

 

By Jim WillieGoldenJackass.com

The detection of the rapid rise in USTreasury Bonds in the Belgium official central bank account has aroused broad and deep suspicions. Finally an open sore is visible that cannot be explained away easily. It first appeared a couple months ago. The initial knee-jerk reaction was that the USFed was colluding with the Euro Central Bank to hide heavy bond monetized purchases in New York, in effect demonstrating the Jackass point that the QE volume was huge, that the Bernanke and Yellen Fed were astute liars using deception. Next the evidence pointed to Russia having embarked on a significant dump of USTBonds using the proxy of EuroClear. It all made so much sense, the Russian account having declined in roughly the same volume as the Belgium account rose. Be sure to know that tiny Belgium has a rather notable current account deficit, no surplus funds to invest.   Belgium has a GDP of $480 billion, the bulge fast approaching the size of their entire economy. Their chief export is tied closely to the hot air emanating from the EU Commission and Parliament, neither body possessing a scintilla of global integrity.

The question must be raised whether a hidden party has joined Russia in the dumping process. It could be that an angry Saudi Arabia has decided to discharge large tracts of USTBonds, or maybe Iran in a new financial war flank attack. Perhaps even China, using its Hong Kong window, has a reverse flow with Gold bullion entering and USTBonds exiting in payment. The Dollar empire has been in a middle stage of collapse with QE3 blessed and the Taper a mere fiction, sustained by creative lies. Clearly, the Belgium Bulge indicates a late stage of collapse. The game is fast changing, using big hidden channels in the monetary war. Motives are easy to identify. Russia is complying with the sanctions, removing funds in the face of frozen accounts and obstructed channels. The Saudis are another newly designated public enemy of the United States, which always prefers to maintain a list of enemy states to keep the fascist war machine humming. The Saudis might be discharging vast tracts of USTBonds after learning that the London bankers stealing their Gold.

 

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The latest pressures with Credit Suisse and even BNP Paribas to admit guilt has an odor about it. The USGovt is forcing merger with UBS and Societe Generale respectively, likely to enable easier Saudi gold account pilferage, a US fascist specialty. The ultimate vengeance by Saudi will be divestiture of USTBonds and full abandonment of the USDollar, followed by complete adoption of the Chinese Yuan and protectorate role. The Saudis soon will no longer have a conformity to the USDollar linkage to oil sales.  The entire OPEC bloc will follow in a devastating blow to the USDollar. Later the final blow from that region of the world would be the formation and launch of the gold-backed Gulf Dinar. These steps would all be seen as declaration of war against US interests (common term used). The death of the Petro-Dollar might have a Saudi imprint in Belgium. Notice the Belgium Bulge Billboard, the beginning of their USTBond holding rise in November 2013 and unmistakably in December 2013 (at $257bn). It is a giant Red Herring in March at $381bn. When it surpasses half a $trillion, perhaps it will be a daily point of controversial debate.

Lies, propaganda, and outright deception are the game played.   Just heard word from a Hat Trick Letter client from Belgium. He passed on the following. Herman Van Rompuy, president of the European counsel, stated in a weekly Belgian magazine his viewpoint regarding the Ukrainian rebellion. He wrote, “The revolt at Kiev in February 2014 came from the Ukrainian people themselves, sort of a phenomenon of civilization, not caused by a political project.” Such drivel that avoids the entire Langley and Soros role with paid mercenaries to conduct the operation, even to relieve Kiev of its 33 tons of central bank gold in the wee hours of the night under cover of darkness, using masks, and telling the airport tower to back off. Expect Van Rompuy to be on the defensive soon, even ousted. These guys on the EU helm are dirty. When President of Portugal, EU honcho Barraso enabled the removal of over 60% of the Portuguese central bank gold supply. These guys are dirty and work for the fascist cabal.

PLAIN VANILLA INTERPRETATION

The backside decline elsewhere across major central banks has attracted bad attention. The world is dumping USGovt debt, as they reduce USTBonds held in portfolios in both official accounts and corporate accounts. Ridding themselves altogether of the toxic bonds will require years and a likely global conference on debt restructure. Recall the Jackass 2008 forecast of USGovt debt default. A major hubbub began last March, two months ago, when total USFed custody holdings plunged by a record $104.5 billion. Attention was raised, bad attention, unwanted attention, a new nasty wrinkle in the global monetary war over control of money and creation of false wealth. The Treasury Investment Capital report indicated that Russia indeed dumped a record $26 billion in January, equal to 20% of all of its holdings, bringing its post-March total to just over $100 billion. The Belgians and Russians each have red herrings of opposite type. Their account has not been lower since the Lehman crisis. The Belgium site enjoyed a ripe $40bn rise in USTreasurys held, hardly from the country’s non-existent trade surplus. Once again, the decline in Russian account is offset by rise in Belgian account. The intrepid Zero Hedge journal has been covering the story extensively, as always on the leading edge. Russia is complying with the sanctions theme, and probably continued past the March reading in still high volume. However, there is much more to the Belgium Bulge story.

 

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GRAY AREA INTERPRETATION

To be sure, one must view the Bulge with a perspective in battle terms. No doubt, Belgium is taking bonds being privately placed, with some measure of orchestrated movement by the USFed, Wall Street, and London banks. We are seeing the Russian dumping through secondaries and proxies, with a possible usage of swap market in reinforcement. Overt dumping would be the equivalent of a declaration of war. The usage of secondaries enables some quasi deniability. World monetary war has taken a quantum jump up in intensity and danger. More movement is seen in recent TIC Reports, with various nations like Luxembourg, Switzerland, and CaribbeanCenters pushing up on USTBond holdings. Many are USFed partners lending a hand using hidey holes to conceal QE hidden volumes.

JPMorgan & Goldman Sachs are the duo most active in hidden dark pools, often using the Exchange Stabilization Fund to clean up the mess and hide the trails.  A long shot is that the Dastardly Duo might have a problem with (say) $100bn in USTBonds stuffed on their balance sheets. They might wish to conceal the cancerous bloat, possibly supporting their own Interest Rate Swap position. The swaps have a floating element but also a stake in the ground. To be sure, no entity could step in to buy them without another round of QE, as in QE4. The focus by the alternative media is on the buyer’s identity, instead of what is the purpose of these USTBonds being held at the EuroClear in Belgium. The simple hypothesis stated in the previous story does not pass the deeper reality tests. A different purpose is involved, and the size meant that it was a giant player, like a sovereign entity.

We could be seeing some surfacing evidence of the gigantic London Whale losses, estimated by the Voice in summer 2012 to be in excess of $100 billion. The Jackass reported on the event two years ago. Perhaps part of the Belgium Bulge is their position gone out of control, mixed in with the Russian borscht soup. They have strong motive to conceal the true gigantic extent of London Whale losses through the JPM CIO investment office. The scoop in London is that at least two banker murders were to cover up the London Whale revelations on staggering loss volumes. Some Swiss insurance firm murders might be interwoven, if insurance came in the form of Credit Default Swap contracts. The ties from Swiss RE to JPMorgan are clear, as $1 billion letters of credit between the two giant firms leave trails. As footnote, both firms have a firm hand in the 911 event and its scummy financial background, like a third building full of data being demolished in the WorldTradeCenter complex.

Another factor  must be considered as part of the Belgium Bulge. A new London source (also a Hat Trick Letter client) has noticed an anomaly. The word has that Russia, China, Japan, Taiwan, and Ireland have cut deals to move USTreasury holdings to Belgium via the EuroClear. The finger of suspicion comes from thorough digestion of the TIC Reports and other USTreasury data. Perhaps some powerful combination of factors such as risk of sanctions, freezing their assets, and perhaps the inability to move dollars from international jurisdictions commencing around July. The Basel III restrictions might cause some unintended backlash and bulges. Individual designated mainstream nations are stepping forward to serve in proxy roles. The complexity of USTreasury holdings and their location and also reliability of data just muddies the waters even more. So Belgium might be a repository for funds at risk, from nations dealing with expected obstructions. One should never lose sight of the fact that the USTreasury Bond complex, tied at the hip with chronic annual $1 trillion USGovt deficits, funding the endless war campaigns, with all its bond monetization by the USFed to sustain its bubble pressures, with all the major central bank support to keep it afloat, with all its reserves held in foreign bank systems, together with the vast array of hidden derivative contracts, is the biggest asset bubble in the history of mankind. Its collapse will have numerous confusing symptoms, and be explained by as many lies.

Nothing is definitive, but many are the potential sources, indicative of broadening crisis. Thus the Belgium Bulge. A basic query by the observers. One must ask why the tens of $billions in USTreasury sales were not executed and cleared via the USFed’s official National Book Entry System (NBES), designed specifically for its custodial customers. Instead, the sales were done through the EuroClear securities clearing system, which is based in BrusselsBelgium.  Bear in mind that the Deutsche Borse has its own parallel ClearStream house for potential proxy abuse.

BRICS NATIONS SOURCE GOLD BULLION

Consider a very different story, a hypothesis in jump shift that seems as credible as disruptive. The Belgium Bulge Billboard might instead show posted USTreasuy Bonds as collateral to meet a gigantic margin call for a gigantic gold contract position, possibly to set up the gigantic vaults for BRICS central bank gold reserves, functioning in support of the new Gold Trade Standard. The transition might be bumpy. The position might be mixed with redemption demands for reserves held in Intl Monetary Fund accounts, which players want dissolved. After all the IMF is defunct, its main activity seen over the charred Greek and Ukraine fields. Furthermore, the Belgium Bulge might mean that London sourcing has ended, almost zero gold. The Jackass has been warning for months that true mayhem will come when the Chinese are frustrated in sourcing further London gold. The evidence might be the switch from hidden London sourcing to open market indications such as the bulge.

History might be repeating itself with a financial warfront Battle of the Belgium Bulge, a pincer movement to capture Western gold and form the Anti-USD Central Bank. Further parallel is the battle is against Fascism ironically. We might be seeing the birth of the BRICS Gold Central Bank, in a grand titanic struggle to source its gold for vault storage, decentralized as expected. The ugly twist is the the US-UK team are the fascist axis. The party behind the Belgium Bulge might be facing margin calls as the Gold price slides. Instead of booking losses and suffering liquidation of their leveraged position, they increase their margin collateral in the form of USTreasury Bonds. The party is heavily long some paper Gold contract or even possibly in combination with the GLD fund shares. A normal investor or a hedge fund would certainly not have the firepower in terms of ability to sit on a 10 to 20% loss and to maintain a position many $billions underwater. Therefore, the Belgium Bulge means a big Sovereign Type Entity is in the Game, who refuses to take losses but instead continues to post collateral with a goal toward taking Gold Delivery. Look for more margin collateral to be posted in the next monthly reporting disclosure, and the controversial story to ramp up. The risk to the London & New York & EU bank cabal, is that this large player entity demands physical gold, works toward delivery, and pays at the original $1300-1500 price on the contract, where the posted USTBond collateral is kept by the gold exchange.

The Gold Trade Standard might be born amidst a legal challenge to deliver the gold on the biggest delivery the world has ever seen, with contracts on display, with Interpol officers at the table, with collateral verified, with a caravan a mile long of armored trucks awaiting, even with Triad lieutenants in attendance for enforcement. The remainder of the contract sale will be settled in USTreasurys, along with the bulk gold delivery. The sovereign players will not be shaken. They want their gold, likely to form an initial core to the BRICS Central Bank.

The entire hypothesis makes great sense, ties pieces together, and reflects the struggle of forming the alternative system which ushers in the Gold Trade Standard. The King Dollar is being deposed, and the Belgium Bulge could indicate the dismissal and derailing of the global reserve currency. The Belgium Bulge Billboard is posted USTreasury Bonds as collateral to meet a gigantic margin call. The players are not identified, but probably a combination team of Russia, China, India, Saudi Arabia, possibly even Iran and Japan. They might be working to preserve a gigantic gold position to set up the BRICS Central Bank for Gold reserves. The gold position is clearly a group of sovereigns (meaning nations and their finance ministers or wealth fund mgmt team). They might not choose to conceal their activity much longer. JPMorgan could conceal the activity easily within the bowels of the Exch Stabilization Fund. The BRICS nations might wish to use the glaring billboard neon lights in the TIC Report as publicity, with every intention of making the battle known to analysts and experts in the banking industry, the entire banking industry watching like in stadium seats. The Jackass is not an insider, but the Hat Trick Letter team includes a few with deep insight, some insider information, and profound savvy.

The Belgium Bulge might be evidence that the major London Gold Drain might be almost finished, replaced by Paper Gold sourcing done more in the open. Therefore conclude the Belgium Bulge Billboard is a Call To Arms for the Eastern nations to fortify a gold core. Credit goes to EuroRaj, the brilliant intrepid London bank analyst who consistently thinks outside the box, and identifies the key elements in the Paradigm Shift with insights of troop movements and supply chain caravans during the global financial war. He pieced this theory together to formulate the highly credible hypothesis. My role was to digest it, elaborate upon it, and put it to print in the promulgation process. It lacks some details, as one would expect, but still indicates a mammoth shift. The roots of EuroRaj come from India, Turkey, Iran. His work experience includes London. He wrote a few weeks ago that more is to this story besides simply Russia dumping USTreasurys.

NAPKIN SCRIBBLES INDICATE HUGE VOLUME

Try some napkin scribbles. To get the math straight with proper perspective, $1 billion funds roughly 25 tons of gold. So $400bn funds 1000 tons of gold, a critical mass for the BRICS central bank. The Belgium Bulge could indicate a precious pregnancy and birth soon of a 1000-ton golden baby! It is more complicated, and potentially much larger a story. If leverage is being used, typically seen as 25:1 or 30:1, then the portion of the bulge devoted to the BRICS Gold sourcing project could be at least 8500 tons of Gold bullion, equal to what Fort Knox had before the Clinton-Rubin gangsters stole it in full view, under cover of the Gold Carry Trade with near 0% lease rates, right under our noses.

More EuroRaj rationale came with some conjecture in his line of deeper thinking. The USFed and JPMorgan agent are too skilled at concealment. Therefore possibly conclude that the entity does not object to the billboard in Brussels, and actually prefers its visibility from afar. We might be seeing a time bomb where some party is controlling against JPMorgan, in the wake of Chinese conglomerate purchasing its South Manhattan headquarter complex and vault. Consider a small twist to this scheme too. The sovereigns (Russia, China, India, Saudi, Japan) might have approached the Intl Monetary Fund or Bank For Intl Settlements in confrontation to demand a conversion of SDR pledged capital into physical Gold. If so, then the IMF/BIS then in turn would have gone to JPMorgan and demanded from them physical Gold to be delivered against the Special Drawing Rights on pledged account. It is a basket of USDollar, Euro, JapYen, British Pound, but primarily USD. The IMF might be dissolving, with evidence the Belgium Bulge itself.

Recall that the BRICS have already announced plans to set up a Development Bank by July with $100 billion in capital, with much preliminary ground work already completed. They also have kicked the IMF to the curb of irrelevance, the exclamation point being the absent USGovt funding contribution. The Jackass suspects the official BRICS Development Bank is to be a hidden gold central bank. The USTBonds held at the EuroClear are collateral meant for a physical gold trade. Notice the BRICS Devmt Bank is slowly being called the BRICS Bank in the press. Eventually perhaps the BRICS Gold Central Bank, used to convert the toxic USTBonds into Gold bullion. Come one, come all, as the toxic EuroBonds, toxic UKGilts, and toxic JapGovtBonds will all be converted to Gold. They are toxic for three simple reasons: years of near 0% money, years of unsterilized bond monetization, years of backdoor Wall Street bailouts.

THE RISE OF THE GERMAN HUB

The Jackass sees the Belgium Bulge as a repeat of history, and an unfolding of events toward the development and construction of the Eurasian Trade Zone. A key element of the trade zone will be the integration of Frankfurt Germany as a RMB trading hub. Refer to the Chinese Yuan currency, aka Renminbi. Dozens of significant deals of size are in the works, in progress. The nation of Germany has 3000 firms doing business in Russia. The nation of Germany stands alongside Japan as the biggest foreign commercial partners in China. Anticipate Frankfurt to take on the financial hub role as partners to Russia & China, not London. A second clearing house exists, whose presence indicates much bigger German role in Eurasian Trade Zone matters. In addition to EuroClear there is the German ClearStream. The German investment bankers are not only spearheading the internationalization of the RMB but also moving fast on it. The nation of Germany will be a major conduit for technology transfer. These are two large clearing houses (EuroClear & ClearStream) that can also be custodial chambers. Many more developments are in progress toward the Eurasian Trade Zone, the role of Germany teaming with Turkey in a key role that will take the flatfooted West totally off guard.

Watch Frankfurt and Turkey team up to work on intermediary Gold provision for trade settlement and for BRICS central bank provision. Both Germany and Turkey are important swing states. They could work together in the intermediary gold function and fortify the entire Eurasian Trade Zone. Already Hong Kong is the true London of Asia. What incredible impact it would have if Germany and Turkey solidify the Gold Ramparts to the Gold Trade Standard. As footnote, the Ramstein NATO base in Germany, and the Ircirlik NATO base in Turkey, could work on the gold transfer logistics. Moving away from heroin for USMilitary distribution across all the NATO bases, and moving toward Gold bullion in Eurasian Trade Zone distribution would be a very positive progression.

The Chinese Yuan trade is setting up its mutually cooperative designated banks much like on the bare wild frontier. The Yuan Swap Facilities are much like frontier trading posts. It looks like Frankfurt is being set up to give some serious competition to London, as it could become the principal Western financial hub for Eurasia. The Voice directly confirmed this development plan for the German financial center city, the final twist cited by EuroRaj with a stack of projects queued up. These many points, factors, and angles are analyzed in more depth in the Hat Trick Letter reports.

The BRICS nations in the Jackass view are acting in coordinated fashion. These players are explicitly telegraphing a message to those who knew how to read it. The Eastern group of sovereign nations is making a global billboard statement, a Call to Arms in the Global Monetary War, in the Global Gold War. They wish to formulate the critical mass required to launch a New Gold Trade Standard. They must assemble the gold reserves, a very complex task when such great volume approaching 10,000 tons is desired (as a mere start). They are busily sourcing the vast BRICS Gold Central Bank, which will fortify the Gold Trade Notes used as letters of credit. It is all coming together, and even the gold community struggles to read the signals. It is important never to take the stories at face value. If the dots connect, even in astounding ways, it pays to follow the pattern, to step back, and see the picture clearly. The BRICS nations and their Associates are boldly sourcing thousands of tons of Gold!!

 

 

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(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

 

Jim WillieGoldenJackass.com

Silver DoctorsGoldenJackass.com

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Written by testudoetlepus

June 2nd, 2014 at 2:15 pm

Jim Willie: Holy Grail Currency Deal Coming Between Germany & China!

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a photo by William Banzai7/Colonel Flick on Flickr.

 

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Jim Willie joins T. Ferguson for an excellent interview discussing: The latest developments in the budding “Eur-Asian Alliance” The progress the BRIC nations are making in setting up the 21st Century financial system Falling U.S. interest rates and the treasury market- is a full-blow T-bond collapse imminent?  Deutsche Bank and the other walking, TBTF zombies . . . .

 

Jim Willie: Holy Grail Currency Deal Coming Between Germany & China!

[SilverDoctors]

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Written by testudoetlepus

May 29th, 2014 at 3:54 pm

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