Buy 1 oz .9999 Gold Buffalo from SDBullionThe USFed is so strapped, so deeply under siege, so overwhelmed, that it requires urgent help from the USDept Treasury.
So they have expanded QE to become Double Barreled Hidden QE to Infinity.
The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $400 per ounce.  In reaching these levels, the ratio will return to the 25-1 range.  Several steps have been laid out toward the return of proper price to precious metals.
The steps will each involve a quantum jump in the Gold & Silver prices.  The process will take a few years, but might be breath-taking in speed once the process is begun.
The steps involve:


Submitted by Jim Willie,

It has an important feature now, with national security stamped on it. This is truly the end game for the USDollar. Big thanks to Rob Kirby and EuroRaj on my colleague team for leading the way and shining the spotlight. Their abilities to see through the maze, smoke, mirrors, and din is impressive.


Consider the many points, which can be connected. As they say, connecting the dots can lead to conclusions more clearly, when the dots display a recognized picture. The deception was well organized, well planned, well delivered, and well done generally. Most financial analysts only read the headline, then gobble the false message like a dog eating his own vomit. Most traders only read the headline, and look for quick profit while anticipating the moves by the dullard masses. Best to look for the reality, and plan for the long run survival. Take a closer look at the developments within the USTreasury market where private accounts have emerged in recent months to purchase the referenced inventory of USTreasurys that China and others are dumping.

Buy 10 oz Sunshine Mint Silver Bars at SDBullion


The effective Fed Funds rate has not risen by 25 basis points. More like 10 to 15 bpts, depending upon the day. In fact, the Fed suddenly finds itself in an awkward position, with an inversion of the Fed Funds rate versus the 3-month USTreasury Bill. The inversion has been constant since the supposed rate hike, and a billboard message of the sham lie. The proof of the pudding is in its taste, not from the whiff of its billboard description and advertising. Ooops! In reality, the USFed is pumping liquidity into the system via temporary expansion of the balance sheet, using hidden channels and accounts, the propaganda grown as loud as ever. Remember in 2009, when the august bank cabal hive assured the near zero percent official rate would last only a few months. The Jackass forecasted it would be in place forever. Check!



The big Wall Street players run the USTreasury Bond market, like JPMorgan Chase, Goldman Sachs, Citigroup, even to some extent Bank of America and Morgan Stanley. They must be on the lookout for massive USTreasury dumping by the cast of creditor characters. Almost nobody is buying the USGovt debt at a time when the annual deficit continues to ring in at $1 trillion. Yet the bond yield is steady in the 2.0% to 2.4% range. When China disposed of $250 billion worth of USTBonds in August, September, October, it had to be soaked up. Mission Accomplished with no detectable rise in the TNX 10-year bond yield. Otherwise the USGovt debt market would resemble Greece, since the fundamentals are just as wretched. The strong hand doing the purchases en massive volume is the USDept of Treasury itself, using the Exchange Stabilization Fund. The ESF was created in 1934 for the expressed purpose of protecting the USDollar. They buy the USGovt debt securities that foreigners discard, thus fulfilling their mandate. Their purchases are being made with cash off the books, hence bearded as private accounts, and not official reserves.

As Rob Kirby points out, “In our capital markets we are coming to a climax event much like in a magic show. These sociopathic heathens are and have been conducting stealth QE with direct cash injections from the Treasury’s ESF. The ESF has the resources, all kept off book. No one in the banking system will dare talk about it, because anything connected to the ESF is a matter of National Security. If the world ever becomes aware of the true size of the off-book elements of the ESF, one should very likely see a hyper-inflationary event overnight.” It is worse. The ESFund is involved with its fat fingers in almost every major financial market in existence, as in currencys, stocks, bonds, and more like LIBOR and Gold.





In the official USFed statement, a strong hint was given about the Reverse REPO being used more heavily. This is a major clue as to the real actions taken. RRP is a liquidity drain, when it is the only monetary operation. The Jackass admits to not fully comprehending the Reverse REPO, regarding it previously as direct shovel of funds to the big banks. It is a device used in concert with the USDept Treasury hidden hands in the massive multi-$trillion fund. A better comprehension now, after Rob Kirby straightened me out humbly, done with my gratitude. The USFed takes in cash and puts out USTreasurys. Consider the perspective of the bank cabal, then the USDept Treasury Exchange Stabilization Fund.

The big banks cannot leverage cash but they can leverage USTBonds several times over. The Fed feeds the banker cabal/ESF with collateral (USTBonds) which are leveraged multiple times in order to support risk assets. This in effect is a gigantic pseudo-QE. When one factors in that $200bn (for example) in collateral can be safely leveraged 3x to 10x, the Fed via the cabal/ESF has created liquidity of $600bn to $2 trillion in a blink of an eye. The clue of excessive leverage is seen in volatility for the TNX 10-year bond yield. The candle bars are becoming longer over the last year. Witness a tremendous increase in leverage starting to shake the Tower of Babel. Since the London Whale incident in May 2012, the tower has been higher. Now it is narrower. Thus it is extremely unstable. Keep in mind it serves as the basis of the USDollar.



The USFed has until recently been pumping massive volumes of cash into the system to keep it alive. Consider the point made by John Hussman, that the Fed just simulated a withdrawal of around $1.7 trillion of liquidity. With this December move, it is like the Fed has turned the financial sector into a giant vortex sucking in all liquidity in the economy, while pumping a sufficient volume of hot (leveraged) money directly into the banks to keep the indices levitated. The United States in its march to the Third World has begun to resemble a highly vulnerable hot money zone, marred by Zimbabwe monetary policy in its hyper monetary inflation. Once more, Wall Street is favored over Main Street, where the USEconomy continues to accelerate on the downhill. The fierce but steady recession has turned into a ravaging depression. The statistical deceptions have become more patently false and openly wrong, like with the GDP economic growth, like with the labor market jobless rate.



The Ponzi Scheme theory dictates that in a very late stage, the monetary growth must accelerate in a huge way to compensate for the extreme systemic destruction. An acceleration in funds is required to remain at even keel. The Jackass believes the recent supposed USFed rate hike coincided with QE7, as they admitted the Reverse REPO tool was to be used, balanced by the USDept Treasury Exchange Stabilization Fund being deployed as a hidden second barrel of Quantitative Easing. The Reverse REPO tips the hand of Hidden Massive QE from the ESFund itself. There truly is not much time left before it all breaks, the bond tower to topple, despite their efforts.

The warnings have come from Richard Fisher, who on CNBC shocked the talking heads with an admission that the bond and stock markets are lifted, supported, levitated by the USFed and Wall Street banks. The other warnings have come from Stanley Fischer, as shadow Fed Head imported from Israel, who has made public statements that the USFed has exhausted its tools and cannot maintain any return to normalcy. The diminutive Janet Yellen surely has a smaller voice than Fischer. Compare to former Treasury Secretary Tim Geithner, whose voice surely was smaller than Robert Rubin operating in the background. The White House has its own puppet brand as well.


Follow the path. The Operation Twist of 2011 was really QE3. The Chinese traded their long-dated USTreasurys for shorter dated USTBills, which they could hold more easily into actual maturity. The announced QE3 last year was really QE4, done after the absurd Taper Talk. The theft of the $1.2 trillion in Japanese Govt pension funds in late 2014 was really QE5. The deployment of the BLICS nations to conduct equal volume bond purchases was an exported QE6. The nations of Belgium, Luxembourg, Ireland, Cayman, and Switzerland dutifully matched the USFed with over $400 billion in USTBond purchases from 2012 to 2014, with no publicity given the action. The December Fed Rate hike was really QE7. Let’s get real!



It is really amazing. The USFed raised interest rates while the European Central Bank lowered rates. Widespread promises were made to extend QE. The USDollar index went lower. The USFed raised rates but the USTreasury Yield curve flattened, as in 2-year versus 10-year. The USFed raised rates, but the 3-month USTBill fell below the Fed Funds rate, a direct inversion. Furthermore, the big bank stocks failed to rally, which one would expect from relief. The financial sector Credit Default Swap went wider, signaling more danger ahead at the systemic level.

The High Yield bonds continued to implode, most significantly the energy sector. The crude oil price continues to drop, near the magic Jackass $30 trigger point. The USFed and its Wall Street subjects are fast running out of time, out of tools, and out of public confidence. All the signals are the opposite of what one would expect, the opposite of a market confirmation of a correct move been made. This screams policy mistake and systemic breakdown in acceleration.



Events of the last two or three months could not be more disruptive, dangerous, or ominous. The Chinese RMB continues to make significant inroads with trade and financial platforms. However, the oil price is the flash point. A sub-$30 oil price will lead the banks generally to quit with the energy sector. They will throw in the towel and end their support. They will cease with all debt service patches, those additional bridge loans which enable the firms to continue making debt service payments on their massive loans.

Big covenant violations are in progress, as dictated by the business flows and the stock prices, even the bond prices. As the oil price continues to decline, the risk of a big bank failure is heightened. For the myopic who do not expect further crude oil price declines, look no further than the Iran Nuclear Deal which permits Iran to sell a lot more oil. They have a floating inventory of 100 million barrels. By April they will be selling one million barrels per day in the open market. Also look no further than the USGovt, which put aside a 40-year law that bans oil export. Meanwhile, OPEC refuses to cut back in oil production, fearful of rising budget deficits. Conclude the US and Iran have indirectly conspired to push the oil price below $30 per barrel, where it will trigger financial sector failures. This is unavoidable.



After 1971, the USDollar was no longer backed by Gold. Quickly the USDollar benefited from the defacto Petro-Dollar Standard in 1973, hastily arranged. No evidence is more clear of a dying USDollar than the collapse of the oil price, practical foundation of the global reserve currency. The foundation was affirmed in the mass of derivative contracts, in addition to the Arab Petro Surplus Recycle practice, whereby the Saudis and other Arab Emirates agreed to keep their oil surpluses in USTreasury Bonds. They agreed not to sell out of the USDollar. They hold a mountain of USTBonds still.

They agreed to make gigantic USMilitary contractor weapons purchases. So observe the crude oil price down in a death spiral, the USDollar rise in a balloon flight upward into thin air, and the Gold price kept down by the rising USD. The negative correlation between the USD currency index and Oil price is evident. The negative correlation between the USD and Gold is well known. Notice the competition with new Russian oil benchmark in the St Pete contract. The game is over, with the music continuing to play. The chairs on the USS Titanic are not being rearranged. They instead were given to the Chinese, where they take in sun on the disputed islands.



In time, expect an eventual refusal by Eastern manufacturing nations to accept USTreasury Bills in payment. The IMF reversal decision assures this USTBill blockade in time, and might accelerate the timetable. The United States Govt cannot continue on five glaring fronts of gross violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time take steps toward the return of the Gold Standard. The violations are:

1) to import finished goods and crude commodities, paying with IOU coupons

2) to commit multi-$trillion bond fraud in its big banks, done without legal prosecution

3) to do QE bond purchases in applied hyper monetary inflation, monetizing debt

4) to rig all major financial markets in favor of the primal USDollar

5) to engage in numerous regional wars to support the USDollar.


The New Scheiss Dollar will arrive in order to assure continued import supply to the USEonomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports.

The USMilitary and Langley threats will not work much longer, as they are in retreat. The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax).


The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $400 per ounce. In reaching these levels, the ratio will return to the 25-1 range. Several steps have been laid out by the Hat Trick Letter toward the return of proper price to precious metals. The major upcoming events will be exciting to watch unfold, one after the other, in an inevitable sequence away from fascism and concentrated uni-polar power, with a strong movement toward freedom and equitable systems with distributed power. The steps will each involve a quantum jump in the Gold & Silver prices. The process will take a few years, but might be breath-taking in speed once the process is begun. The steps involve:


  • the critical mass of rejected USTBills in trade settlement, citing its corrupt roots and illicit monetary policy as foundation
  • the return to the Gold Trade Standard and introduction of Gold Trade Notes as letters of credit, in replacement for a fair tangible payment system (no more IOU coupons)
  • the recapitalization of the global banking system with Gold as primary reserve asset, so as to relieve the grotesque stagnation, insolvency, and dysfunction
  • the seeking of equilibrium in Supply vs Demand in the new fair uninhibited market, with exclusive control removed from London and New York, and placed elsewhere like in Shanghai, Hong Kong, Dubai, and Singapore.
  • the seeding of BRICS gold & silver backed currencies from participating nations within the Alliance (likely several with slight variation in features)
  • the re-opening of the gold mine industry with some blue sky, and relief from the Evergreen element at Barrick
  • the remedy toward owners of over 40,000 tons of rehypothecated and stolen gold in bullion banks across the world (primarily in Switzerland.



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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 For personal questions about subscriptions, contact him at  [email protected]


    • Keshe the Iranian ‘Albert Eisenstein has developed Weapons this world has yet seen..Like  the one that ‘landed the US’s most advanced drone, and hundreds of new long range weapons.its on like Donkey Kong we will se $25.00 Oil before summer imo.

    • @SilverDagger

      To be fair, I don’t think there was anything magical with the landing of that drone by the Iranian Guard.

      The defense industry is stacked with recent immigrants (I’m one of them), and it could have been an intentional backdoor or an unintentional backdoor exploited.

      Many also don’t believe Keshe is the genius he says he is. Nikola Tesla had many proven inventions but he also did fail to deliver on wireless power (a lot has been embellished or lied about).

    • Your zionist frontman JP Morgan burnt down Tesla’s lab, and openly related how he couldn’t put a meter on wireless.  Blaming Tesla for that is akin to blaming a child for being born

    • Jim,

      With the greatest of respect, I think you are still missing the point regarding Fed RPO/RRPO operations, as follows:

      1. When the Fed wants to make a rate hike, even a tiny one as in December, it actually implements such an increase by absorbing liquidity from the system. For the December hike, this was estimated to be in the order of $800 Billion, normally achieved via RPO operations. This didn’t happen.
      2. When the ESF buys Treasuries being dumped by Soveriegns, estimated at around $1 Trillion recently, those Treasuries become “Privatelt held”, which reduces the systemic float by the same amount.
      3. Treasuries are the main source of collateral in the Derivatives markets and even before Item 2 (Above) there was a severe shortage of collateral available as a result of stresses in the Derivatives markets requiring greater deposits of collateral (“Margin calls”).

      Putting all of the above together and connecting the dots as it were, the Fed did NOT withdraw the liquidity necessary to enforce the rate hike because it did NOT actually want to implement a rate hike. That is why the rate hike was not translated into the markets:the Fed didn’t want it to, it was all a pretence.

      However, the reduction in available collateral implicit in the ESF purchases of UST’s from Sovereigns dumping them has upset the Fed’s apple cart. As the stresses in Derivatives increase, the need for “quality” collateral (UST’s), already getting greater even before the ESF interventions, is getting greater and greater. The Fed, therefore, has yet another dilemna. On the one hand if it starts to provide such collateral via RRPO operations over and above the normal base line, it WILL absorb liquidity and rates will start to rise. Not great entering a recession. If it doesn’t, then the derivatives market may break, which would implode the whole financial system.

      IMHO, the Fed will have no choice but to take the former path and provide collateral, the evidence of which will, of course, be another huge spike in RRPO operations by the (NY) Fed which will, in turn, provide evidence of growing stresses in the Derivatives markets. This WILL put upward pressure on rates as liquidity is withdrawn. However, if the Derivatives markets truly start to collapse (Perhaps a Glencore or Trifigura default?) these operations will be FAR from sufficient. They have again, and as usual, painted themselves into another corner.

    • @kochevnik

      Actually the most likely person involved with Tesla’s death was Edison, and it wasn’t over wireless power … it was over the sale of dynamos and competing electrical distribution systems … Edison was promoting DC and Tesla AC current … guess who won?  The winner, of course, would have earned zillions and the loser would likely have a grudge to settle.

    • I think that Jim Willie and his team are all exceptional thinkers and I have nothing but respect for them. I would like however to interject one minor point of disagreement, regarding a gold to silver ratio target towards the 25:1 range, with a silver price of $400. The traditional market ratio (based on the ratio in the Earth’s crust) is 16:1, which I believe will eventually normalize to and will probably even overshoot to perhaps 10:1. That would mean $10,000 gold and $1,000 silver.

    • by Xinhua writer Luo Jun

      BEIJING, Jan. 18 (Xinhua) — The choice of the Middle East as the destination for Chinese President Xi Jinping’s first overseas visit in 2016 bears great significance, as China seeks to boost constructive engagement with the region to help it reestablish stability.

      President Xi is set to put forward China’s views on and proposals for the Middle East issue during his visit to Saudi Arabia, Egypt and Iran starting on Tuesday, all of which are representative and influential countries in the region and long-time good friends of China.

      Having achieved rapid economic and social development on an independent path with Chinese characteristics and the reform and opening up policy, China has success experiences in peaceful development to share with its Middle East friends.

      To China, much is at stake on this historic visit, as more and more regional and global issues, especially terrorism and extremism, have an increasing impact on China. Meanwhile, a Middle East slipping into conflicts, turmoil and instability brings high risk and threat to China’s national interests and security.

      Beijing is expecting to cooperate with these influential countries to help restore peace and stability in the Middle East, and to elevate regional development through joint construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, as well as through mechanisms such as the Asian Infrastructure Investment Bank.

      Some Western political figures and media reports have misread China’s role in the region as a “free rider” or exploiter of oil resources. Such remarks are shallow and short-sighted, missing the big picture of China’s long-term presence in the region.

      Prophet Mohammed once said, “Seek knowledge, even it’s as far away as in China.”

      In deed, China’s shared destiny with the Middle East goes far back beyond the thriving oil business in the 20th century to more than 1,000 years before the birth of the United States.

      Over 1,400 years ago, during China’s prosperous Tang Dynasty, the ancient Silk Road, filled with merchants and goods, greatly facilitated exchanges among different civilizations and benefited peoples along the routes linking China and the Middle East.

      To honor history and to innovate for common prosperity, China has brought up the Belt and Road initiative to revive the mutually beneficial trade corridors.

      China’s Middle East policy is deeply rooted in its historical interaction and relationship with the region. Whoever compares it with the mindset of Western colonialism is absurd and needs a history lesson.

      Peace and stability, key to China’s fast growth, is also critical to the healthy development of Middle East countries. President Xi’s visit will surely demonstrate China’s firm support for its old friends.


    • Anything Willie says I claim the exact opposite, then whine on the interwebs how I’m misunderstood.  Prove me wrong!  I am making newsletter and offering free subscription to my emo friends

    • Willie doesn’t have a clue as to what he is talking about and what is really going on. Let’s take the opening headline with gold at $10000oz, silver at $400oz and returning to its ratio of 25-1. History tells us that the 25-1 is simply fictitious and was only a few short decades. The fact is the ratio has been all over the charts dating back the the Roman empire. Willie never studied history evidently and this ratio crap is spouted by the PM dealers and promoters as if this is fact when it is clearly not. Silver at $400oz: How many times have people heard that one. The comment sections are full of people who fell for this crap and has lost big time, some their whole life savings. $400 silver will not happen just like $50 silver will not happen. As the world economies continue to slow, the industrial demand for silver is slowing also, (making up 70% of demand). All commodities are in a deflationary cycle and will take years for the world’s economy to re-balance. The record amount of sales of “coins” is not enough to even remotely change the over all trend in silver which is down. The dealers like to promote the fact that production is down as to equate to “shortages” but the fact is the miners can’t sell all their inventory and have to cut back production. This is just common and good economic sense no matter how they spin it.

      As far as his statement that currencies cannot be leveraged, evidently he has never traded the currency market. My trading platform allows me up to 50-1 leverage and there are some that go up to 500-1. Does he just make these statements up and expect people to buy it?

      As for the dollar collapse, again total nonsense. As the economies of both Europe and South America continue to implode, huge amounts of capital are flooding into the dollar and currently NYC real estate. This capital not only wants the equity markets to go down but go down hard. They want to promote fear in the system. Why? When the smoke clears there going to come in and buy at rock bottom prices. This is the smart money and the sellers are the dumb money. Remember when someones sells, someone else is buying! There is simply no other place for these entities to park very large amounts of capital! Are you really going to place it in a European, South American or Swiss bank? I don’t think so especially when the Swiss Central Bank reported around a $32billion loss. Just doesn’t give you that warm fuzzy feeling when you have funds in the Swiss system!

      His take on the energy sector is also wrong. Energy in the US is part of our National Security structure. The majors are buying up the assets of the energy firms either bankrupt or close to it either directly or thru the banking systems. The FED will purchase the debt from the banks that is left over from the majors purchasing the distressed assets. The majors will only get bigger and have a much tighter control over the energy sector.

      The last item I want to mention is his take on a gold backed trading note. Simply not true. If one goes to the IMF web site it is all spelled out in what the future is to be. With the yuan being added to the basket of SDR currencies, come October 1, 2016, countries will be able to exchange their US treasuries and dollars for SDRs which will be used to settle international trade. During the last crisis the world and especially China wanted a unit of trade settlement that was not tied to any one country. That unit is the SDR. It will be backed by US treasuries and dollars, the considerable assets of the IMF and its members, (all IMF members must put up collateral), and gold of course, but not a gold backed SDR. China will use their swap agreements in countries where they have set them up to settle trade. They will use the SDR to settle trade with countries where there is no such agreement. The Bank of International Settlements, (BIS), will manage the day to day trade settlements between countries using the SDR as per agreement with the IMF.

      Virtually everything thing Willie states is totally made up and has no basis in reality or fact except of course his “inside sources”. Everything I stated above can be verified if one does a little research. Unfortunately with the alternative media, when someone makes an outlandish claim, everyone repeats as if it was fact without doing any research. In many ways this media has become just as poor as the MSM. Keep the faith and may your reality be as you want it to be and not as others want you to perceive!

  1. Willie is on to something and it’s akin to what Simon Black noted in his blog.  The situation we see today is like a build up of pressure from unnatural sources.  The Chaos theory is at work here as is  the Butterfly effect.  We have a very unnatural accumulation of toxic FIAT  that’s stacking up on a global basis like snow on a mountain side.  No one can tell which snowflake will cause the avalanche but the collapse is a certainty.    Like the movie Jurassic Park, scientists tried to create life via dinosaur DNA clones, altered and fixed with patches from present day reptile DNA.  This bastardization of life created  dinosaurs that went rogue, reproducing when that was not part of the plan.  That is also part of the chaos hypothesis.  The small change early in a process produces unexpected results as the chaotic factors continue to weigh on a system that, by it’s nature must fail.  All FIAT systems fail and history tells of hundreds of failed systems, everyone of which failed for the same basic reason. Unbacked currencies printed in infinite amounts will always fail.  We are now bystanders to this crash and hopefully we’ll not suffer excessive collateral damage.

    We have dozens of central banks creating a FIAT monster with debt and destabilizing effects which threaten to go rogue.  Where the breaking point occurs is unknown but like prior crises, such as the Thai currency or Russian bonds or Lehman collapse,  the break happens overnight.   Goldblum’s character, Dr. Malcolm, noted that the Jurassic park creations were unnatural and broke free of their human controllers.  ‘Life cannot be contained; it finds a way’.

    Greenspan’s character, Silversmeagle,  helped create the FIAT PETRO empire that is crashing now.  It broke free more than a few times in the last 50 years as the Fed and UST tried to contain its lethality. Each time they tried to contain the quadrillion dollar level of toxic currency waste, the higher the pile grew. Real money, the basic underpinings of all monetary systems, had to be contained.  And real money such gold and silver, is more like real life rather than the artificial systems of the FIAT Empire.  Gold and silver have been the fallback position for 6,000 years. That is very unlikely to change any time in the near future.

    FIAT and DEBT have created a Jurassic Park-like island of fraudulent markets, artificial wealth, false prosperity.  There is the certainty that all this will fail and collapse, just like an avalanche touched with the last snow flake or an ecosystem assaulted for the final time by gross insults (Fukushima).   Anyone holding DIGIFIAT  and any of its toxic and fraudulent byproducts will find themselves in a serious mess of hurt.

    Real money, like life, finds a way.

    • AG12K…Over at FOFOA you can read ‘Another’s’ posts from the 1990’s about what is better called the Petro-Gold-Dollar. Gold was very much part of the equation. ‘Another’ is thought to have been a central bank insider. The U.S. used to use the price of oil, i.e. artificially low oil prices, to screw with the Russians and/or stimulate the U.S. economy. Either way the Saudi’s demanded compensation. So, in periods of low oil prices the Saudi’s would be compensated through back channels with gold. Now that the gold is gone, things will change.

      The Saudi’s have made a huge business error selling their unrefined crude all these years. The smart play would have been to build refineries and sell refined oil products with their much higher margins. Why they didn’t do that I have no idea.

    • @UglyDog


      “So, in periods of low oil prices the Saudi’s would be compensated through back channels with gold. Now that the gold is gone, things will change.”

      Yes, they will… but, a new wrinkle may have been added via the US-UK cabal stealing much of the Saudi gold.  Rumors abound about this but I don’t know if there is any solid proof of it.  It would make perfect sense if this is the only way that the US-UK could recover from this cluster-bungle.


      “The Saudi’s have made a huge business error selling their unrefined crude all these years. The smart play would have been to build refineries and sell refined oil products with their much higher margins. Why they didn’t do that I have no idea.”

      Over time, that would have made more sense.  Early on, the Saudis did not have the scientists, engineers, and technicians to operate large refineries.  Their education system was lousy and may still be.  Many of their brightest young men went to the US and UK universities to study engineering, chemistry, geology, and other petroleum-related subjects.  That takes time but they have had that time and can now likely staff such facilities.  Currently, the low price of oil may mean that they do not have the money to build these multi-billion dollar refineries and the infrastructure that they require.  Perhaps this was all part of the “deal” that Nixon-Kissingbutt made with the then Saudi king?


    • @Ed_B …Ed, good points.  Maybe the lack of Saudi refining capacity all these years was part of the original deal made in the early 1970’s.  And now that most likely the Saudi gold held in London has been looted, how will the Saudi’s respond.  Interesting thoughts you brought up.

  2. @uglydog  Betcha that was part of the Faustian bargain. The US wanted the high profit refining margins and left the Saudis to pump a non-renewable resource that was mathematically certain to fail in a predictable number of years.  The Saudis are now pumping crude at a sub $30 bbl, totally unsustainable to support their social structure. They are probably scraping the bottom of their whale oil wells and fracking is a toxic and earthquake prone nightmare, as we are seeing in our fracking zones. This will destroy a country both financially and physically.  It’s akin to a parasite like a tape worm or something even more destructive that kills its host.  The Saudi petro empire is very likely to collapse.  The Wolfowitz doctrine and the taking of the 7 most important petroleum states is part of that grand strategy and it appears to be working. War is one of the worst byproducts and that supports the MIC too  Hegemons have a nasty way of gutting countries that have resources they want.

    • AG,

      The Saudis are never going to put a big frac on their fields …. for one they don’t need too (the reservoirs are porous carbonates with high permeabilty, not shale) and more importantly to do so would bring in water sooner thru coning.  Oh, and earthquakes wouldn’t be nearly as large a problem as finding enough water to carry the proppants.

  3. There is undoubtedly a great deal of deception and fraud in financial markets today but the assumption that there will be some imminent and cataclysmic conclusion to the current paradigm is fundamentally flawed. There is a transition occurring from the dollar to the renminbi which will more than likely involve a precipitous decline in the dollar resulting in reduced purchasing power, inflation and major defaults. The renminbi will rise and will more than likely become backed by gold, in the process ending its peg to the dollar. With a strong renminbi there will be support for weaker nations currencies such as the U.S. dollar. Each nation needs trading partners and roles will be reversed as the U.S. becomes the producer of cheap goods, hitherto the role of China. Collapse is in nobody’s interest and therefore unlikely to occur, instead a planned and controlled transition will occur with gold and silver most certainly benefitting enormously.

    • It would take decades and decades for the us to rebuild its manufacturing base, if ever. There is only room for a few manufacturing countries in the world. Furthermore, due to peak oil and the impoverishment of the worlds consumers, we will never again see demand for manufactured stuff return to previous levels, so I wouldn’t count on a resurrection of manufacturing to solve unemployment.

      Things aren’t going to somehow get better, as if this is just another large cycle repeating. Things will get progressively worse in the decades to come, at varying speeds depending on what’s happening. They will not improve until after they have gotten much worse and the worlds population has been reduced.

    • @ Mark_BC.  Rebuilding the US manufacturing base will not be possible.  Not only has a majority of the  infrastructure been dismantled and shipped out of US, but the labor pool has also been destroyed by the education system.  Many of the jobs that built this country were/are discouraged in that system.  “Getting your hands or clothes dirty is for the ignorant, uneducated.”  The common core shit that they blow up my grandkids asses is beyond ridiculous.  Trying to get my daughter to home school, she seems to buy into the cc bs also.

      The US is in a very bad way…the road back will be long and hard.

  4. @fiat agnostic.  there is that argument too.  A controlled demolition might be the process.  The one thing to keep in mind is that if someone is at ground zero of the demolition, that will hurt a bit.  It’s like the question—Who is at the top of the mountain, kicking loose the avalanche and who’s at the bottom, about to get squished.  IMO  The US is playing a dual role.

    The kickers include some of the worst of the breed in the US.

    Squishes are us.

  5. I always expected a rise in rates, but I thought it may bring on a collapse. Really it was only a political play….for public credibility, so to speak. It can still be used as a tool in the future though.

    Fast collapse / slow collapse, who knows. Take Lehman for example,if you were at the epicenter it was a fast collapse, but as the effects radiated out it was a slow collapse, so it may depend on where you sit at the time

    • Correction, Leman happened, when it happened, the defaults snowballed so fast there was an emergency meeting with congress. I recall hearing the story of one politician who was called in the middle of the nigt, he got a quick briefing of what was happening, and callwd his wife telling her to pull out all the cash she could. Many of you are familiar with this story and others like it.

      It was swift!

      There was no warning given!

      There was 1 day to respond!

      None of us commoners were let in the loop. ????

  6. A new shit dollar will not fix things for most people. When Mexico introduced the new Mexican peso, they simply re enumerated all debt and all salaries accordingly. If you owed 10 years of work on your mortgage you still owed it. There was no respite.With this in mind, Ag/Au will simply be priced in shit dollars.

    I think debt held by govt entities or public debt, is going to suffer big time, as they will not re enumerate that debt accordingly. UST will simply turn to toilet paper.

    Whatever does happen, AU/AG gives you the best vehicle to see the transition through with your savings mostly/largely intact.

    • “Whatever does happen, AU/AG gives you the best vehicle to see the transition through with your savings mostly/largely intact.”

      Agreed.  This is because Au and Ag are competing currencies to the fiat currencies and they have intrinsic value that does not depend on the US Gov or Fed commanding that they do.  That they can be held in-hand and free of the banking system is frosting on the cake.



    @ CyberspaceVoid  you be dead on, hand!… Last I knew, the actual “wellhead cost / bbl for SA was under 50-cents… AND…they do have refinery capacity there, to market some products direct.. But, I think they lost a 500k/bopd refinery to fire a while back.. this crap with Iran may just go main street this time…mucho hate and discontent there. PS::: I just had a cup of Community Dark Roast after dinner… they can shut down the patch, but they can’t stop my coffee pot!.. Drop me a PM if you want to jaw some, or send an email addy..
    @ AGIIK You know that the banksters are already priming the pump for a “deal” that favors them alone.. This is why any sloMo wreck is not doing us (we, the peoples) any good out here in the trenches! Only a total and full reset, without ANY carry over/forward is going to correct the last 102 years worth of graft. I noted that he also mentioned that 40,000 tons figure…wonder where that came from, eh?…hi,hi.  Check-6, Bubba, and deal the cards!



    • @MontanaMel

      Just saw your note (just back in country) and it’s good to see people here who also know the oil biznesss.  It just chaps my azz to read some of these so-called “guru” articles. Typically the only thing I do is take another sip off my 16 ounce cup of Community Dark Roast with Chicory (LOL hard core) and laugh.

  8. “then gobble the false message like a dog eating his own vomit”


    As a dog returns to his vomit, so a fool returns to his folly. Prov 26:11


    Willie likes this analogy so here is a little insight into its meaning


    The dog or  the gentile  in scripture symbolizes  knowledge born out of labor which as all things points in or speaks of/to self as in a perception or a knowledge of self as a foundation from where we see from and this perception born of our soul ( as a harlot )  this being a place we measure all things by … including GOD seeing we are not separate from Him  (those who do not believe in a creator not exempt from the proses )


    Worldly knowledge is likened unto a serpent which comes between us and the Truth or it holds us back from entering into all Truth … it being of our own reasoning gathered by our five husbands/senses of that outside of self/Truth ( ie the creation ) … worldly knowledge  divides/separates/scatters   us from the Truth ( all though this is not out of order  as it is part of the proses of coming to the knowledge of Truth/self )


    A dog returning to its vomit is a turning back into Egypt/perception of flesh having bean given already and therefor received our  inheritance ( Land/Truth/Life )  … this returning ( having its opposite eg: going ) happens within continually as a to and froing likened to being tossed on a sea where we reason between two opposites ( good & evil ) until these  men/thoughts of warfare/opposition  die out …


    We are the Son of GOD but we perceive our self to be the son of a man which births a duality of mind which gives us a perception of self/God which is a lie or not the Truth and it is here where we oppose this Truth and set our throne above it and why in this condition we are likened to being beasts of a field/Pentecost/knowledge or sons of perdition or anti-Christ/Truth etc


    Returning to ones vomit is the returning to ones perception of self born of our soul as a harlot … she having five husbands/senses  likened to the one not her own …

    It is the Spirit of Truth within us which brings us to this place ( side of a pit ) until this false perception of self/GOD is consumed by it … and where we go no more out or our garden becomes enclosed etc


    The path to Life is found within .. the path and self … being one and the same truth …





    • Everything outside of self/Truth is but a shadow of the Truth and this shadow as a truth cast down  serves the purpose of leading us back into Truth … understanding the soul/moon has no light of her own but only reflects it …


      We are not our soul but the Life of it


    • I returned to my vomit….

      Don’t know bout all that snake stuff-

      Just liked the taste of it…that and my own shit…preferrably frozen during winter….my master calls it “munching on ‘poopcicles’ “.

      (Wags Tail)

  9. I think they should put up for auction the two bullets that supposedly nearly killed John Kerry in the  attempt on his life last year.  Their historical significance should bring some high bids from collectors.

    Of course if you recognize that the whole assassination story was just one more unhinged tale in the long and well documented story of Mr Willie’s mental illness, you will conclude that the bullets along with Willie’s understanding of the worlds financial situation do not exist.

    The fact that this man has an eager and reverent audience is just one more reason in a depressingly long list of reasons why western democracy is destined to fail.

    • Vice President Joe Bidens son became the chairman of the bank of Kiev once it “democratically” elected to be pro west.

      Hows that for “conspiracies”? Too much for you? Dont believe it?

      BELIEVE IT – Man you got to put down the Carebear dvds because there is REAL EVIL $hit going down all around you!

  10. Oh SNAP: real story behind captured Navy sailors hot off the clandestine news press…let the blackmail begin!!!


    “In a time of universal deceit – telling the truth is a revolutionary act.” -George Orewell.

    The lies are thick in the mainstream.  Getting to the bottom of anything these days requires a great deal of shrewdness and time spent wading through the sea of misinformation.  Jim Willie is one of those people that can wade through it and pull out some nuggets of truth that help us see the bigger picture.  All you doubters and trolls out there who slander him for being a false prophet…just wait a little bit.

    The way I see it, if China is helping suppress the gold price until they get as much as they can, then both China and Russia are withholding a sh*tload of truth bombs until they get what they want in return for keeping them secret.  After that, it’s going to be hell to pay…

  11. Here is a deal I will offer to anyone.  My silver for sale for  $100 an ounce today

    I will deliver it within one year of purchase no matter what price.

    If silver is $400 then the buyer will be happier than a pig in poop.

    • @AGXIIK


      Pigs hate poop.  Cows will lay in it but a pig will not.  Pigs do love mud though.  It kills the little beasties that would otherwise infest their hides.  😉


  12. Its always simpler to think there is a ‘controller’ behind the screen organizing and designing all events including economic events but in the end it is the overall market that speaks .  It certainly is doing that now. However, what I think is always left out of any conversation like this is that the market is just one level of our human civilization.  Often they rhyme with one another.  Economic cycles rhyme, for example, with historical, cultural and psychological movements as civilizations evolve.  Again, I think in this case we are seeing such an event.  I think that our civilization , for example, has ignored the effects it has on the planet and we are in great danger of ruining our planet , making it uninhabitable for future generations.  I think that this great economic decline rhymes with a breakdown in the huge commercial enterprise responsible for ruining our environment and that which replaces it will be much more responsible in this regard.  I think we are on the precipice of ending what could easily be called the ‘machine age’  which contains the ‘information age’  which has been largely responsible for ruining our planet and where we don’t literally have enough food to feed the huge growth in population on the planet.  Also, psychologically our age has been controlled by narcissists personality disorder types the epitome of which are people like Donald Trump who is an ego maniac .  Psychologically these people have no concerns about their fellow man. The next civilization will replace that individual with people willing to work with one another , who are more concerned about and wanting the input of others and in sharing than the narcissistic types who now populate our planet.  Socially as well I think that we are going to see a huge shift in the way we organize our culture. Right now we have monster conglomerates which are both inefficient and not well differentiated in what they produce and certainly not responsive toward the people who work in them. That is all going to change into much smaller, much more responsible and much more efficient units who are aware of those in their communities and much more easily linked with other communities.  The idea of the Chinese civilization being a leader in this area is very  possible but I am sure with huge changes from what is currently the Chinese civilization.  But the hallmark of that civilization which is unlike the current one is they tend to think with much more of a collaborative not a competing conquering attitude so characteristic of Western civilization.  Also, the lessons of history will require a gold/silver backed currency where valuation is inherent in the currency .

    • I buy mostly halves and dimes. Quarters seem too odd ball but I have some rolls of them. Since dimes are the smallest division they make the most sense for bartering and for that reason I have way more dimes than anything else. I like mercury dimes because they will be more recognized by people that know little about it, especially in the beginning. Franklin’s are my favorite for halves and I steer away from the 1964 Kennedy’s. Don’t really like the 40% halves so I don’t have that many of them. If none of this end of the world stuff happens I will have a easy time selling on eBay and at flea markets. Can’t really say whether there will be that much of a market for eagles or bars and counterfeiting is an issue since many may not have what is needed to test them and probably would not trust me to do it in a bartering situation.  I sold most of my eagles and bought 90% with it several years ago. Also sold three 100 oz bars and bought 90% with in back in the 80’s.  I look at it as a total bartering situation using the smallest units at this point.

    • @Ag – I keep thinking of the hstorical role of silver as payment for a day’s wages (Rome to the US in the mid-1800’s) which was about 1/10th of an ounce of silver. Imagine being a Roman legionnaire swinging that gladius sword all across the Mediterranean area for 1/10th oz Ag per day, or working on a US railroad driving spikes all day long for the same. Dimes look pretty valuable in that case.


    • @Ag patient – Here’s some other equivalency info I stole from a forum on silverseek from a few years ago -at least one guy’s take on it -hope it isn’t too indulgent:


      9-22-8 As paper money continues to waver, the neglect of silver’s use as money will end. Once again, silver will be valued based on other measures of value, such as a day’s wage, or a ratio to gold. If silver exceeds its historic value, then perhaps a silver dime, a silver quarter, or a silver dollar will be worth far more than a day’s wage, as it once was. If things get as nasty as I believe, dimes will come in very handy. So that’s 50 silver dimes and a 1 gold dime. A well spent 145 FRNs.11-7-8  Last Wednesday I got 2 rolls (100) of 90% dimes for 90 FRNs.I can’t believe that there are dimes/quarters/halves actually selling at 9x face!5-29-9Back in the day (about 1000 years ago) the average wage for a worker was one ducat ( contained about 1/9 of a troy ounce of silver, very similar to an American dime.This was established for centuries, well before the bankster created Federal Reserve and its generations of manipulations.An average worker, say a policeman makes about $1000 a week, $200 a work day.If 1/9 oz of silver was equivalent to an average day’s wages of 200 FRNs,then that historic ounce of silver was worth about 1800 of todays FRNs.Once the bankster scam collapses, and it certainly will,which would one prefer to use to store wealth ?  A bank account, or a bag of silver dimes potentially worth $200 each, obtained for a buck per? 7-20-9Diversity is flexibility, 5 categories of equal troy ounce weight:20% “Junk” dimes, quarters, and halves20% 1 ounce “rounds” and bars (ingots)20% Peace & Morgan dollars20% 10 oz & 100 oz bars (ingots)20% ASE/Phils/CML/Libertads/Kooks/Pandas I found a new silver dealer.His son had just sold all of his 10 oz bars, but he had a bag of mixed dimes for a buck a shot.I took 5 rolls off of his hands.The breakdown…2 Barbers111 Mercurys139 RooseveltsYes there were two extras!So I stashed the 2 Barbers (1910 & 1914),and I made 2 rolls of Mercs and 2 rolls of Roosevelts from the better coins.Then the rest went into the in a last mixed roll.I have yet to actually sell any silver in this lifetime.However I hope to one day soon flip those last mixed 50 ugliest coins for 5-10 FRNs each(next year if silver gets to $4 a gram – a dime contains 2.2 grams of silver),or sell the roll for what I paid for all 5 rolls.A Silver Dime Worth a Day’s Wage? ( HISTORY SHOUTS ‘BUY’ LOUDER THAN ANYTHING ELSEFor thousands of years a silver coin (equivalent in weight to today’s dime) was worth a day’s wage. Whether the Greek drachma or the Roman denarius, this ‘dime’ payed the workman for a day’s worth of work. Even as little as 100 years ago in the United States of America, a silver dollar was all that was needed (see for proof). Today, with silver at $7.65/oz, these same dimes can be purchased from a local coin dealer for around $.50 each! Using a $15/hour wage and multiplying it by an 8/hour workday yields a daily wage rate of $120. After dividing this modern wage by the standard, a $.50 silver dime, one discovers the amazing truth that historically silver is undervalued by a factor of about 240! In fact, buying a bag of 90% silver dimes today for about $5,000 includes 10,000 dimes, which translates into 38yrs. of wages if one were to work 5 days/week! That same bag, if the historic norms were to return, would command a monetary value of 1.2M dollars. more at the linked pageI think that you will find the following article fascinating. I sure did.Silver’s Mushroom Cloud: THE FIRST MONTH ( Charles Savoie (copyright 2001)Most of us know that a mushroom cloud is an effect seen after a nuclear blast. Silver having been subdued for virtually a generation, the time is fast approaching that low silver prices will end with an explosive termination upwards. There have been minor fireworks in silver occasionally, as the brief spike after the Buffett purchases in February 1998, and the blip up to $5.95 just after the Washington Agreement in September 1999. Due to the severe imbalance between production and consumption, which has been aggravated by powerful forces acting in concert to hold silver low in the face of the catastrophic decline in supplies, and other factors such as attempts to call in leased silver and naked short positions being impossible to cover, silver is now poised for a climb into the stratosphere—the most precipitous sustained rise in commodity history. Unlike the 1979-1980 episode, this time there will be no retreat to low prices after the big blast.more at the linked page

    • Don’t forget to save a lot of those copper pre ’82 cents. Copper has always been the small historic change and might turn out to be the best thing for small bartering than anything else, letting one keep their more valuable silver for greater things. I have several hundred dollars of them. I also have a few hundred dollars of nickels for the same reasons.

    • Thanks to all for your views. Yes, I check my metal currency change for goodies all the time — found a silver dime in my change about a month ago … but yes, the copper pennies are always culled out for stacking (nickels not so much).

      Anyway, I was thinking of a distribution ratio in terms of a petty cash breakdown in a register till — for say a thrift store.

      I was aware of the 10th of and ounce of Ag for a day of human labor — which ties Ag to the fundamental Laws of Thermodynamics (I like that) … which is indeed a better way of placing a barter value on commodities, products, and services.

      So rather than thinking of a distribution ratio in terms of a cash register till, I should actually think of what weekly/monthly commodities, products, and services I currently use as well as those I might use and need in a SHTF scenario — and then determine their unit values relative to the current cost of paying a day laborer for a day’s labor (about $200?) in order to come up with my ideal distribution of 90% coinage to stack.

      Thanks again for your views.


    • Yep. So a silver dime should be worth about $200 if not for the bankster fraud and market manipulations.

      Holy cow! $2,000 per oz Ag …. I’m going to be filthy rich!! LOL.

    • Your nuts!!!  silver dimes what a joke.  if you really think one day you will pay for bread with silver dimes your a nut!  Yes go back to the pre computer financial system and maybe you are right, but we have entered a whole new system and you are now dinosaurs!!!  I once used to collect silver dimes 😉  then i was able to afford half dollars!!!!

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