Hat Trick Letter Jim Willie joins Finance & Liberty’s Elijah Johnson for an explosive interview discussing the ramifications of Western Central Banks now monetizing 100% of sovereign debt, and the coming derivatives stress as participants pull out of the bond market.
Is the gold standard end game at hand? 

Willie’s full interview is below: 

SilverThe black line on the chart below shows that silver started to go parabolic until the bullion banks “stunted” the move on the day that the Government released the infamously phony non-farm payroll report.
They did us a favor by slamming silver because parabolic moves are the “death” of a bull market.
I also suggested that silver would have a healthy pullback and begin to head higher again. T
he blue line shows a more “healthy-looking” bull market trend developing.

Silver will be the gift that keeps on giving in 2015…

Global Gold Value In The Ground Per Dollar of ExplorationThe world is heading towards an economic and financial collapse of epic proportions.
ENERGY drives the markets, not FINANCE.  Finance is supposed to steer the economy in a straight line on the road, not full speed over the cliff.  Without a growing energy supply, there would be no U.S. Dollar Fiat Monetary System.
That being said, the global gold mining industry is now in serious trouble as the current low market price impedes exploration which would guarantee future production.  How bad is it? 
Well, let’s look at the following chart:

Finance ministers in the Eurozone appear to have had a free lesson in game theory from Professor Yanis Varoufakis, the Greek finance minister.
It appears that under the Lisbon Treaty, Eurozone states cannot expel Greece: she can only leave with everyone’s unanimous agreement, including her own.
And they probably didn’t realize that playing hardball against Greece would force the ECB to write off debts approaching ten times her equity capital of only €10.8bn.

Game, Set, Match?

Scientists tell us that it is just a matter of time until another superquake hits the Illinois, Indiana, Missouri, Arkansas, Kentucky, Tennessee, & Mississippi region known as the New Madrid fault zone. 
There have been some awesome earthquakes in this region throughout history.
In 1811 and 1812, there were four earthquakes along the New Madrid fault zone there were so immensely powerful that they are still talked about today.
And now earthquake activity in the central portion of the nation is increasing again.
So what would happen if a major earthquake did strike the New Madrid fault zone?

People blast Apple (and Microsoft, Google, GE, etc.) as unpatriotic for taking advantage of the legal options available to them.
This is simply an ignorant assertion. Critics have completely forgotten that the pretext of the American Revolution was largely motivated by taxation.
I would suggest that it is US politicians who are unpatriotic. They penalize productive citizens and businesses with one of the highest tax rates in the world.

haircut bail-in

- Auditors find €7.6 billion hole in Austria’s “bad bank”, Heta Asset Resolution AG
- Austria’s government says it will not give Heta “a single euro”
- Emergency legislation passed last month means bondholders to be bailed in
- Risk of contagion high as other banks may hold Heta bonds
- “Bail-in is now the rule” – EU Finance Minister Noonan
- Austrian bondholders today … international depositors tomorrow? …

empty vault

Today the 6th largest bank in Austria (Hypo Bank) halted payment of 8 billion euros of debt and they will enter shortly into a default position. In previous debt defaults, we had a bail out or a taxpayer funded rescue leaving senior bond holders and depositors completely whole.
We will now witness the new modus operandi of rescues:  bail ins where the bond holders and the depositors get hosed.
Due to the fact that the liability on the balance sheet of Hypo is some bank’s assets, I can assure you we will have massive contagion coupled with a sprinkling of credit default losses. 


Tax keeps gold from circulating. In other words, the gold tax is the key to socialized money.
We can never have a free market in money if gold is penalized with a tax every time the dollar loses value.
I expect gold’s enemies, as they begin to mobilize and organize, will be cunning enough to see the vulnerability and go for the jugular.
If we want to win, we will need to be armed properly for the fight.  This is a battle for ideas, and the most important weapons we can wield are concepts. Preferably razor sharp concepts.
Let’s get it right, starting with a clear understanding of the dollar and of gold…