Putin kicked out the Rothschild bankers from his country.  Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China.  Thus Russia cannot be isolated any more than a bear can be bear hugged.  The nation spans 12 time zones and is a top supplier of numerous important commodities. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard.
The King Dollar is being displaced, kicked off its throne.  Its squire the Petro-Dollar is undergoing demise.  The Ukraine War is the USDollar Waterloo event.
The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world.
The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference. The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in YuanWhen the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent. Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West.
The Crash Heard Round the World is coming.  The USDollar will be rejected, and replaced by the Gold Trade Standard. 


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By Jim WillieGoldenJackass.com

economic dollar collapse



The USFed monetary policy is killing the system, simply and boldly put. They call it stimulus, when the extreme accommodation is actually just a backdoor Wall Street bailout combined with a pass on the USGovt debt discipline. No debt limit is enforced anymore, a travesty. The United States is looking more like a Third World nation with each passing month, with colossal fraud, economic decay, war and sanctions, and no leadership. The US Federal Reserve has ventured into very dangerous ground, putting hyper monetary inflation as the installed policy, while making money free for the Interest Rate Swap machinery that operates the derivative for maintaining the easy policy. So foreign creditors have largely exited the room, with no great entities to finance the yawning annual $trillion debt. So derivative machinery is relied upon to maintain the absurd 10-year USTreasury (TNX) yield at 2.60% without buyers. So asset markets like the US Stock Market go to monthly new high levels, despite the USEconomy mired in the worst recession since the Great Depression. The visible piece is shopping malls with one third of stores shuttered, and the jobless rate over 22% in the real world without rose colored glasses. These conditions cannot be sustained, especially since the credit machinery is all jammed. The big US banks are insolvent structures dedicated to the bond carry trade, where that same cheap money is used to invest, often with leverage, in the long-dated maturity USTreasury Bonds. The banks serve the casino, not the business sector.



In no way can the current easy money policy be reversed, and put into a normal mode. In no way can the accommodation be tapered. The entire Taper Talk is a lie, and always has been a lie. The Jackass called out the USFed last June and July, and was proved correct by September. Since that time, the USFed has been lying vigorously and creatively. The Belgium Bulge showed itself as a $400+ billion abscess visible to the world, hardly a real savings account by the small nation. It was either a Hidey Hole for USTBonds or else a loading depot for BRICS sourcing of Gold bullion for their upcoming central bank. In no way can the enormous bond carry trades be stopped. They are the only source of actual income for the big US banks. Their other source of narco funds money laundering. Doing so would put the carry trade engines into reverse, forcing an unwanted Bond Convexity episode of leveraged selling of USTreasury Bonds by the same large corrupted banks which are so clearly involved in the derivatives game. In no way can the USFed hike rates, since their own outsized bond portfolio would register huge losses, only to gain ugly publicity. They after all bought the top in bonds, and continue to buy the top in bonds every month that QE continues. They are the fools buying the asset bubble at the top. See a parallel in Japan.


Red light warning signals are all over the place. The biggest in the Jackass view is the Failures to Deliver. We are told that the demand for USTreasurys is huge by the market players. It might be moderate, but surely not huge, since savings is in shortage. When the Interest Rate Swaps are applied, using 0% money into the machinery tubes, the result is an artificial demand produced to purchase the same USTreasurys. The big US banks are required to follow through, or else to expose the entire sham game, a veritable Ponzi Scheme. The banks are growing in resentment.However, not enough USTBonds exist in the operating bond market to satisfy such outsized contrived demand out of machinery. The result is Failures to Deliver, the warning signal of a fabricated rigged market. This Third World nation has fancy machinery indeed.



The answer to the US bond riddle lies in corrosive ruinous effect of monetary policy, now in its fourth year. They said the 0% ZIRP would be just for a few months, but they lied. The Jackass said in 2009 that it would be permanent. They said QE bond monetization would be just for a few months, but they lied. The Jackass said in 2011 that it would be permanent. We were taught by central bank mouthpieces for years that a little inflation is good, but a lot is bad. We were taught in economics classes that hyper inflation destroys the entire system eventually, like in Third World nations. Yet QE (hyper monetary inflation) and ZIRP (free money) respectively cause capital destruction with retired equipment and distorted asset prices with no reward to savers.


The two graphs show in clear terms that QE is not stimulus, and ZIRP is a wet blanket. Together they are causing economic collapse with systemic failure. The Jackass words have sounded exaggerated and fantastic for years, actually since the Lehman failure, a basic scuttle killjob done by Wall Street criminal banks in order to protect Goldman Sachs from sinking. The two graphs show a Money Velocity down almost 4-fold while Money Supply is up 3.5-fold. You decide if it translates to systemic failure. Jackass says resoundingly yes. This is broken US financial system and thus a broken USEconomy, the consequence of heretical injurious damaging monetary policy. The greater tragedy is that it cannot be removed. Putting a halt to the QE monetary spigot means letting the financial markets collapse, bond yields to rise, stock indexes to fall, carry trade to go into reverse, and consumer lending to dry up. So the QE spigot continues in a slow death dispensing acid, rather than causing a sudden death.


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The story sold on the highly corrosive and assuredly ruinous monetay policy is of stimulus. The only stimulus is for the big US banks to continue recycling their worthless bond assets to the USFed as buyer of last resort. The USFed has been totally wrecked in the process, a good thing since the HQ of the banking crime syndicate. The only stimulus offered is to the big US banks to continue with carry trade projects instead of lending toward capital formation in the business sector. The big banks are able to keep the derivative game going with free money, to maintain the Whirling Dervish platform of vaporous mass. The result has been a systematic assault on capital. The USEconomy has entered a feedback loop of capital destruction, job cuts, and reduced activity. It cannot be stopped. The results of much lower Money Velocity stands as screaming evidence of failure in monetary policy. The moribund activity means capital is being ruined, not functioning, not producing the wanted output. The slower turnover in the USEconomy is not from hoarding of cash. The participants are suffering a shortage of money, often struggling to survive. Putting money in mattresses is an absurd concept when struggling to pay the rent and buy the food and pay the utilities. The beneficiaries of the easy money are the big US banks. They are also suffering a shortage of money, since the derivative holes are acting like sewers to drain their capital. Their capital ratios are not good, and the harsher Basel III rules have been delayed. No cash hoarding evident anywhere.




The logical end is systemic failure, USGovt debt default, war to defend the USDollar and the USTreasury Bond. The USDollar has become the ticket that when refused, invites war. The USTBond has become the toxic element in the banking systems. The Western chambers in the US, UK, EU refuse to liquidate the big banks and work toward the Gold Standard return. So the Eastern chambers in Russia, China, and BRICS nations will pursue the return to the Gold Trade Standard with a growing alliance in support. They are accumulating gold in volume.


The pathetic explanation is left as the final word, by the USFed. They are out of answers, out of policy solutions, and out of integrity. The central bank franchise system has failed. The bankers are cornered, some being murdered. Others might be prosecuted. They are the principal cause of the systemic failure, the other cause being the massive outsourcing initiatives over three decades and the outsized USGovt social welfare state. The bigger principal cause of the systemic failure is the US War Machine, which has been around longer than the debutante Fascist Business Model that made its introduction in 2002. Half the $17 trillion in USGovt debt comes from war spending. They defend the indefensible USDollar, but also the narco business. As footnote, Russian President Vladimir Putin committed two deeds that infuriated the Western bank cabal supra-national leaders. Putin kicked out the Rothschild bankers from his country. Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China. Thus Russia cannot be isolated any more than a bear can be bear hugged. the nation spans 12 time zones and is a top supplier of numerous important commodities. The theme is a constant item in the Hat Trick Letter reports. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard. The attempts by the USGovt to impose sanctions will result in the United States being isolated, another steady theme in the Hat Trick Letter.


The Federal Reserve published a report. It is laughable. They blame the public, the citizens, the victims. They talk endlessly of a sluggish recovery like fools and charlatans. THE FOLLOWING IS RUBBISH AND FLIMSY. The StLouis Fed stated the following.


“The issue has to do with the velocity of money, which has never been constant, as can be seen in the figure below . If for some reason the money velocity declines rapidly during an expansionary monetary policy period, it can offset the increase in money supply and even lead to deflation instead of inflation. During the first and second quarters of 2014, the velocity of the monetary base2 was at 4.4, its slowest pace on record. This means that every dollar in the monetary base was spent only 4.4 times in the economy during the past year, down from 17.2 just prior to the recession. This implies that the unprecedented monetary base increase driven by the Fed’s large money injections through its large-scale asset purchase programs has failed to cause at least a one-for-one proportional increase in nominal GDP. Thus, it is precisely the sharp decline in velocity that has offset the sharp increase in money supply, leading to the almost no change in nominal GDP. So why did the monetary base increase not cause a proportionate increase in either the general price level or GDP? The answer lies in the private sector’s dramatic increase in their willingness to hoard money instead of spend it. Such an unprecedented increase in money demand has slowed down the velocity of money.” Rubbish!! The surge of money killed capital!!



It is coming. It will be painfully slow in its return. It is the only answer, the avoided solution. As long as QE & ZIRP are in place, highly destructive forces will remain at work, ruining capital within economic structures, distorting asset values in financial markets, leading to gross misallocation of assets, and forcing the system into breakdowns under constant aggravated strain. The monetary policy cannot remain in place indefinitely, since so destructive and disruptive. Time is not on the bank cabal side. The Eastern Alliance will continue to work toward installation of the Gold Trade Standard. It requires and has successfully seen a growing boycott and rejection of the USDollar in trade settlement. The Chinese RMB has been making important inroads to establish Swap Facilities that avoid the USDollar in usage, while more RMB Hub sites are being constructed like giant pillboxes in the Global Monetary War.


The King Dollar is being displaced, kicked off its throne. Its squire the Petro-Dollar is undergoing demise. The Ukraine War is the USDollar Waterloo event. The Kiev Regime fascist leaders have begun to bug out, the IMF $3.2 billion loan funds now gone missing. The big Eastern energy deals are underwritten in Rubles and Yuan, no longer the USDollar, another recent correct Jackass forecast. The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world. The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference. The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in Yuan currency. When the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent. Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West.


The reaction by the USGovt and USFed will be full of intrigue and desperation. The USFed will be in overdrive with its interest rate derivative machinery active, to prevent a US debt default event or a visible derivative event with another whale beached in full view. The USGovt will be cornered into launching a new domestic currency, a Scheiss Dollar. The USEconomy will react in its own way, with price inflation, supply shortage, and growing chaos with violence. The hint of what comes is seen in the devastating situation in Venezuela, whose tragedy few are paying attention to. They are exporting their essential products (beans, rice, oil) in order to raise hard currency and to prevent a domestic currency collapse. The same will be done in the United States. The early example of exported essentials is of hayfeed for livestock, heading to China from US farms on a growing basis.


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

(JosephM in South Carolina)

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

(MannyM in England)

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

(Charles in New Mexico)

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

(The Voice, a European gold trader source)


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

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  1. Did anybody else get the memo?  Beer prices are going up around 15% the beginning of next month. The boss lady left some paperwork out.  I got to see over 800 items listed from one of the beer distributors.  QE destroys profit margins.   That’s for sure.  Stock prices for big grocery store chains are probably going to go down in the next quarter.  They are incurring new fees for participating in SNAP.  I can’t believe it’s not news.  It’s happening though.  The point is that they are not passing any of the new fees on to the recipients so that will no doubt affect their bottom line and hence their stock price and dividends.  That’s just a guess but the new fees are factual.

    • Agree with ARt. These are the kind of posts I really love when people of different backgrounds contribute their unique observations or share specific expertise.

      That’s fascinating news. I wonder if any news outlet will cover it.

      In the SF Bay Area a 6 pack is $10-11. Yet another reason I’m glad I don’t drink much any more.

    • Beer prices in the Portland, OR area are modest.  I just paid $18 for a 24-pack, which is about a 3 month supply for me.  That coincides rather neatly with the warmest of the summer weather.  The specialty brews are much more, of course, but I am not into them.


  2. Still can’t work out why Willie targets Nazis and Neocons (same thing) without using the Z word, or uttering the word “Israel.” The Nazi Neocons are Zionist Nazi Neocons after all, since International Jewish Finance under the Talmudic Rothschild banner owns much of the world and it’s the Babylonian money system that enslaves humanity. Methinks the Jackass needs a good kick up the ass.

    • Jim doesn’t go out of his way to pick fights.  We know he knows.  He knows we know.  It’s a diversion anyway.  The real issue is surviving this and correcting the situation.

    • James, it really doesn’t matter WHO is to blame behind the scenes.  Willie does touch on those alliances and roots in his subscription service reports.  He knows who is responsible.  But, there is a message he wants to get out to as many people as possible, and since the zionist influence is such a controversial third rail in the public mind and discourse, mentioning this in any prominent way would simply distract people from his message.  From his perspective, there is no reason to alienate people from the message by going somewhere that gets people more upset with the messenger than the message.  The zionist pro/con argument is a simple distraction at this time in the progression of events.  Maybe, one day, when the dust clears, the historians will have a better shot at cutting through the fog of deception around all the roots of our travails…

    •  “Only an uneducated Jew would say that.”

      Only an ignorant racists would say that.

      Seriously, I’m fascinated how some people will toss around the Nazi label referring to others, then blame the Jews EXACTLY the way a REAL Nazi would.

    • Anti-Semitism was brought about in France, Germany and Russia  by  the Jesuits as a means of establishing the current state of Israel,, which is owned by the Knights of Malta {freemasons}  who answer to the Vatican in Rome. The  Rothschild’s and the Rockefellers are just fronts who are used as  facilitators for their schemes  { although they themselves are Kabbalists/Masons and are within many secret orders themselves}  This worldly Zionism being nothing but lies and seeded into Christian fundamentalism as a ruse to conceal their sinister plans}  ( this is documented fact ) the Jews you are referring to  are  Freemasons within secret orders  eg: Opus Dei who are extremely wealthy  Roman Catholic/Masonic  business men and politicians and then you have other groups like the Order of the Garter who are a secret  elite group within the Order of St. John of Jerusalem which is the British part of the Knights of Malta etc etc ……………………………………….


      I will say this much, I know their religion {system of belief} better than all of them because from where I see it, it is but a crude counterfeit of the Truth, being it mans feeble attempt of attaining   enlightenment by his own works and through his own flesh/sin, which is not out of the order of GOD seeing He brings us { both individually and collectively } to the end of our own reasoning and that being a desolation of our soul, from where we will  see the truth of who we are ………………………………….

    • James

      I am neither uneducated nor a Jew.

      If you were as knowledgeable as you think, you would know that  the Rothschilds—nor their ancestors before the name change were/are not Jews, but Edomites.

      Perhaps once you research this thoroughly you will get up to speed on part of the WHY behind the reality of current events

      Study is assuredly more time consuming than bashing Jews, but it makes you smarter while bashing—well you know…

    • Really like that shot of Nancy Pelosi, James. I’ve been saying for years that she has to be on some very serious drugs and that one makes me think definitely, she’s gone!

  3. Been reading Jim’s material for years.  You gotta be in a good mood to enjoy Jims work.  He rarely says anything positive so you don’t want to be depressed already when you read his articles.  You need a damper to absorb it.  Nothing he says will come true for a couple more years or more anyway so why be bothered by it?  Now really isn’t the time to read the JackAss.  He is such an ass.  And, times are truly tough for the diehard stacker who was fooled into buying the wrong story line and is held hostage to an investment called silver.

    • I read Willie for a few years now and still can’t figure the guy.

      At times he makes sense and others he sounds like a complete wacko.  On economic issues I think he has some interesting things to say but he never gives any indications where he supposedly gets his information from.

      Other times, like when he says the Chernobyl was caused by a  CIA computer virus I just have to laugh especially since the Soviet Union wasn’t part of ARPANET in the 1980’s and certainly was not connected to any “computer network”. You wonder where he comes up with this stuff and it makes all his other info suspect.

    •  “Other times, like when he says the Chernobyl was caused by a  CIA computer virus I just have to laugh especially since the Soviet Union wasn’t part of ARPANET in the 1980′s and certainly was not connected to any “computer network”.”


      Neither was the Iranian nuclear R&D facility that was clobbered by the StuxNet computer virus.  It arrived on the scene via an infected USB memory stick.  No network attachment needed.


  4. Jim Willie’s dire prediction of: “systemic failure, USGovt debt default, war to defend the USDollar and the USTreasury Bond” will not come to pass.  Instead, a coalition for the rule of law has put the “network of global corporate control” http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf back into its place: acknowledged insolvency, to be followed by bankruptcy in the jurisdictions in which the central bankers are located. 

    The chance that this comes to pass is 90-95%: http://philosophyofmetrics.com/2014/02/18/sdrs-and-the-new-bretton-woods-part-six/comment-page-1/#comment-584

    Where do we stand on this agenda?  Acknowledged complicity by the legal and audit professions, https://www.facebook.com/karen.hudes.9/posts/10152497163584444


    the ethics and compliance officers, https://s3.amazonaws.com/khudes/Twitter8.23.14.pdf

    the US Congress, https://s3.amazonaws.com/khudes/war+powers.pdf

    you name it.  They have nowhere to hide.


    • It is unlikely that any bombs will be falling on Damascus but on the ISIS-held portion of Syria that does not include Damascus.  If the goal here is to crush ISIS, then it is reasonable to use any and all available force to contain them, shrink the land area they hold, and when they are suitably penned in, blast the hell out of that small area with artillery and air power.


      But… I wonder what the Iranians are thinking of and doing about ISIS, if anything.  Assad is one of their primary allies.  ISIS threatens his position, so Iran should be sending help into Syria in some form or other… weapons, food, fuel, medicine, money… the usual war materiel and support goodies.  No news on this lately, so if it is happening it is not being reported… at least here in the US.


      But, as we have all seen before, we really do not know what the real goal of all this is.  It could well be a back door way to destroy the Assad regime and promote the capture of oil and gas pipeline routes by those friendly to US / UK interests.  If that is the case, then ISIS is the excuse and Assad is the real target.


      But Assad is a strong-man type leader.  Typically, those guys do not have a solid chain of command, so are susceptible to assassination.  Once a strong-man ruler is killed, most of his lieutenants will then engage in civil war in an effort to replace him.  If they are relatively numerous, none of them will have any real strategic advantage and far more destruction and mayhem will result from such efforts than any real political success.  That alone could be a worthy goal in the opinion of some in DC.  With Syria neutralized, Iran is weakened since it no longer is supported by Syria as a viable country.  That too could be seen as a worthwhile goal.


    • @KarenHudes


      A we are well aware Karen these Jesuit Knights via Freemasonry {secret society’s } have  infiltrated  all echelons of power and will stop at nothing to bring about their NWO  . The fact they have cornered themselves and have nowhere to hide only makes them desperate and therefor more dangerous, understanding these robed paedophile sodomites have sworn a blood allegiance to their god the Pontifex Maximus  of Rome and have at their disposal  their very own sovereign military {Knights of Malta Black Water mercenary’s etc }  and the  nuclear arsenal in Israel,  amongst  other exotic weapons they have been  perfecting for the last 100 years  with an unlimited budget  { think Nikola  Tesla/John Hutchison effect }


      I find it hard to believe a group/commission  of  good guys are going to thwart these Jesuits , seeing they are assassins by trade  and  not even Presidents have stood in their way, although I will concede their plans seem to be falling apart of late or so it would seem.


      Spiritually speaking, WWIII seems inevitable, understanding it is GOD Whom controls everything and in order for man to turn back to the Truth of Self/Christ/GOD/Spirit   his soul must become desolate, understanding it is when mankind allows their soul to rule over them, the soul is likened to a harlot being betrothed in unholy matrimony to five husbands/senses and therefore her true husband/Spirit is not her own, understanding our spirit and soul are in reality not separate but only separated by our perception given to us by the creation, this not out of the order of GOD seeing it is by this proses we are made in His image

  5. I may not be going out on a limb here but I predict that the fireworks show in Syria is going to start at some point this week with or without approval from Assad. While it’s clearly a violation of international law to conduct airstrikes over another sovereign nation without their government’s approval that will not stop Obama or the other “allies” that will participate in this. I am wondering how the metals, particularly gold, are going to react once the bombs start falling on Damascus?



  6. Leaving out Jews, Nazis,  Neocons and Zionists, there are some interesting developments that we must comprehend to retain our sanity and keep ourselves safe

    Today I was talking with  a wise old homie  as we did some prepper planning.  He is a former Marine, a prepper who leaves me in the dust and has the creds via Law enforcement and fire arms training over the last 30 years to have a solid perspective on the BS-o-meter spewing from the MSM and Faux news, both of which are increasingly hard to listen to because they are certifiable causes of major brain trauma.

    Roger that friend, I said.

    All of his friends are present day or former military.  That levels the playing field so we can talk about what to do if the balloon goes up.  We plan tactics and strategies  for this yet hope and pray for the best.

    That said, we agreed that all the global goings ons are beyond our control and might just be spiralling out of control.

    There are the unknown uncontrollables.

    The known uncontrollables

    The unknown controllables

    And the known controllables and that is where most of us live our lives.

    There are two things I take on faith, as these two assertions come from respectable sources that are not trying to sell something.

    My banker said that if the banking system shuts down for more than 3 days it will be shut down for 30 days.  Keeping cash on hand is wise.  That also relates to what Republic (for) Mars said regarding the source of easy cash via bail-ins.  The TBTF banks are being told to get more capital to pass their stress tests.  These banks already have systems in place for instant bail-ins of your cash and deposits. We are easily sheared sheep.  Like the two Cognitive Dissonant authors of  Two Ice Floes (thanks to Soveriegn Economist for that link) say on their sites,  keep only enough funds in the bank to cover present bills and deplete the account as needed to maintain a low balance. Get rid of as much counterparty debt and obligations, such as credit cards, car loans and mortgages whereever possible.

    The SIPC can claw back funds taken from your brokerage accounts if the brokerage fails. That’s from L Kiolikoff and written into the SIPC rule book a few weeks ago with a vote of 3 to 2 in favor of these obnoxious claw back provisions. The claw back can look back 3 years.

    Retirement funds will be tapped absolutely be tapped when the Saudis thrown the petro dollar under the bus.  Any number of provisions either through Congress or an EO assure that.  10 ‘civilized’ countries did expropriations of retirement funds in the last 2 years. The US Dollar could see a devaluation of 30-50% and then get even worse.  Who will by our debt then?   Us and our plans

    Andrew James brings up the subject of the SNAP and EBT cards.  Regardless of the extra fees and the price of beer, moot to a slacker who gets a $400 card with no strings attached, the real problem is a system fail.  JPM exited this market several months ago because they probably knew these two systems were toxic.  JPM would be blamed for the failure when the people riot the moment a shut down or shut off takes place.  That event is assured if the government needs to pacify the UPs (Urban Primitives)  A 12 hour shutdown caused near riots earlier this year

    These events are one matter but the epic flash point event is when the Saudis stop using the petro dollar.   It’s mathematically certain due to the policies of death and destruction in the MENA.  The Saudis are not quite ready so predicting the WHEN of this event is moot.

    This is what Bill Holter said of this event in his column several weeks back.  Holter was drawn to the conclusion that the Saudis will move off the petro dollar system once they know they can rely on Russia and China to have their back. When the Saudis have enough allies and supporters to have their back, they will do this unprecendented event.   It’s not that they have the huge oil reserves of 30 years ago but OPEC looks to them for leadership and they were the first to go into the petro dollar system and carry a lot of clout.
    Bill surmised that if the Saudis make that announcement, knowing the important people and countries will back them, this will be the point of destruction for the US Dollar and the Petro dollar complex formed 43 years ago.   The  WHEN part of  the timing is unknown but Holter thought that it would take no more than 2 weeks after the announcement that  the petro dollar system was either replaced or destroyed by the Gold, Petro Yuan complex for the full effect to take place.  What that effect will be can only be guessed at but it will be a world shaking event.

    I’ll just say that when that announcement is made on a formal and official basis, denied by the US, UK and Europe (mostly) in a formal and official manner, we’ll know that things just got serious and the lying begins in earnest.  I hope the US does not go nuclear and destroy Iran after some horrible false flag convinces the perpetually misinformed people of America that we are forced to bomb ‘them’ before they bomb us.  The Iranian nuke disinfo may or may not mean that Iran seeks a nuclear weapon.  If I was a mullah I would want at least 6-10 nukes just to keep things balanced.  That does not make me a fan of Iran.

    It makes me cringe at the thought that the wingnutz in DC and Langley will decide to save the world they have to destroy it.

    Heck, they’re arming the rebels in order to destroy the rebels we armed to destroy the rebels we armed to destroy the rebels we armed back in 1976 to keep  the peace in the Middle East. Every president since then has armed the good guys to beat up on the bad guys who were the good guys before they went bad.

    Syria would be a really nasty fight since that country and Iran are allies of Russia.  China wants their petroleum and they want the Yuan backed by oil and gold.   Recall that it was China that said an invasion or attack against Iran would be an act of war as far as the Chinese leadership was concerned.

    Sheesh   that’s all I can think of.


    • Duh….that would be a big 10-4…..like as soon as possible.  Anybody that has $$$ in the system should get it out yesterday, for heaven sakes.  Be your own banker and use the brain the Good Lord gave you….and quit listening to these parasitic nutcases known as bureaucrats and legislators.  This site offers sound information and quality sources from which even the totally misinformed or completely ignorant can garner useful advice and tools to equip themselves for the pending economic disaster that’s at the doorstep.  I can speak from experience because I was one myself until about 18 mos. ago.

    • KMA   You pose two questions that have been hot dicussion topics for 3 years running

      If you asked me 4 years ago,  if you should keep contributing to your retirement program or buy durable goods I’d have said ‘yes’ to the first question and ‘no’ to the second.  Now I’d say a conditional ‘no’ the a continued contribution to an IRA and a resounding ‘yes’ to the second.

      If you think that the stock market is good for another 20-30% increase before collapsing then stay the course and then sell. Buy if you are invested in equities or bonds in a country where the reserve currency status is threatened and the entire stock market is built on a house made of FIAT, then prudent withdrawal might be worth a thought.   When $30 trillion in equities, 50% of the entire worldwide stock market, is owned by,  and supported by,  the purchase power of central banks printing FIAT to infinity, then trust your beliefs that CBs are either the best investors in the world or the worst.

      There is balance to life,  whether in this time of history and seeming abundance, and your instincts will help you, as will a lot of judicious research into the realities of our time.

      Your tax rate can be adjusted downward nicely with contributions and I am not against savings for that purpose.  It does depend on your personal budget needs for cash,your present age, family size and long term expectations for your retirement and what you want to pass on to your children.

      3 years ago I realized that the dangers to a FIAT brokerage type of retirement fund was  too large for me to contemplate leaving my  funds in harm’s way so I rotated to a 100% precious metal self directed IRA and hold those IRAs within my reach. When the government writes laws that are directly related to retirement plan confiscation, it was a time to leave that paper market.

      A self directed IRA (SDIRA) is a tricky thing to do and requires a system of having an IRA fiduciary to hold the IRA. That fiduciary is the pass-through shell to get your IRA funds into an LLC that you control.  That IRA can buy hard assets such as real estate, businesses, income producting assets or precious metals.  The selection  becomes your choice.  It’s not unlike owning an IRA in a stock brokerage but in this case you are the person who controls the IRA, not the stock brokerage.

      On the right side of the Silver Doctors home page are the articles written by Silver Doctor contributors.  Some of the  ones I wrote that talk about IRAs and potential confiscation. Those   were written on April 8,  Feb 8,  Jan 9 2013 and Sept 2 2012. If you want to give yourself a good laugh or brain damage, read the all the rest as well.  After 6 months of research I found The Dollar Vigilant’s system of creating a self directed IRA worked for me.  Once those two LLCs were set up, I rotated our IRAs into precious metals.

      At that point we removed all counter party risk except the annual report to the fiduciary, Sun Trust Bank, of our holdings.  We decided not to cash out of our IRA because they balances were high enough that we’d have been in the 40% tax bracket.  The thought of sending mid 6 figures of our funds east to the IRS was not pleasant.  Since then the value of the PM holdings are lower but our holding period is at least 5 years or until PMs assume that rocket phase and we move our holdings to something else.  We can sell PMs within the LLC and buy other assets if that option presents itself

      My thoughts are that if you have an IRA you might want to seek something that is not digital but is tangible.  Even Fidelity Investments system of buying physical metals was not safe in my estimation because it still leaves your assets in their control.  That was not acceptable to me

      The fact that you are asking the question means you have some concern over the viability of the system as we know it.  I would have no problem suggesting that you continue investing into a tax deferred retirement plan. It does save on taxes today and withdrawal taxation  will likely be lower in the future if your needs are reduced in your later years.  If you don’t want to withdraw any funds then you can will those funds to your heirs.  If you’ve seen a 100-200% increase in your IRA up to this point through investments in the stock  market then you are now playing with ‘house money’   The market is a casino that is completely rigged.  That you can enjoy gains is partly by your investment choices and partly by good luck.  Most people do not make money over the long term because the system is rigged against the small investor.  The insiders are selling at a rate of 50 to 1 so they must smell something in the air.

      The problem with IRAs is that they are subject to IRS and government rules.  The goverment that is rich enough to grant you these retirement options is strong enough to take them away. Goverment of all stripes have a long and sordid history of giving and then taking away.  All governments go broke and fail eventually.  Before they go broke they steal the people’s funds, go to war or both. Ultimately the government thinks everything you own is theirs eventually.It’s just a matter of time when they get around to taking what is yours, whether by taxes, confiscation or bubbles.  We are in  the mother of all bubbles today.

      That then brings up the last idea.  Breaking your IRA and cashing in.  If you are under 59.5 years old the penalties are severe.  EdB_ created a way  ‘retire’ early and crack open his retirement plan 10 years earlier that most.  But Ed is more prudent that most and calculated the best way to access his funds early.  One of my posts speaks to the fact that those who get out of the front door first get the best deal.  Control of your precious capital assets is too important to leave to the clowns and grifters in the market.

      If you trust this government to not take over retirement plans then staying the course might be best while contributing more to the plan, at the same time being careful and judicious in the nature of your investments.  If your IRA balance is substantial then a careful evaluation of holdings is wise.  Contribution more in a time of unrest might put your new investments in peril.  Having a stack of carefully hidden precious metals is also a good idea because it is insurance.

      If you believe that gold and silver are giving you a shout out that they’re cheap and will go higher in the next 5-10 years, then the return might be better if the investment is  made outside or before IRA contribution. You may have a lull in your taxable situation which gives you a chance to take some of your IRA out without undue taxes, like I did, and keep most of those funds without excess taxes.

      In my opinion the returns on gold and silver outside an IRA should not be subject to taxes if they go up in value. They should have no tax friction. The idea of paying taxes on capital gains on real money is so contrary to my present nature that I would never pay taxes on those gains.The sale would be completely outside the system and not subject to the prying eyes of government tax people.

      Balance is the key to your questions. The answers will become clear in that way of viewing.  If I had it to do again, especially when I didn’t  believe my own posts or press releases, I would have done my PM buying more slowly instead of jumping in with both feet over the last 2-3 years.  Going all in had its costs but removing myself from the paper trading market was the better choice and I sleep very well at night based on those decisions. Dollar cost averaging is a better course and it appears that the precious metal prices are at a good level and might even drop lower.


    • @AGXIIK


      Thanks for the kind words, friend.  I have to say that I did a LOT of research on how to retire and access one’s own money with minimal government interference.  In my case, this was the use of a Substantially Equal Periodic Payment Plan or a SEPP Plan.  Such a plan allows one to access their retirement funds at any age but the trick there is that if your holdings are not large enough or your access to them is started too early, the amount you can withdraw can be too small to cover one’s retirement living expenses.  Aside from that tripping hazard, a SEPP can work very well and legally avoids the 10% early withdrawal penalty tax.  Income tax on the amounts withdrawn still apply, however, but can be somewhat controlled via the amount that is taken.  Once the SEPP is started, though, the amount calculated MUST be withdrawn without fail until the SEPP ends.  If a SEPP owner fails to do this, the SEPP will be disallowed by the IRS and all income taxes plus applicable fines and penalties will be charged to the SEPP owner.  This is a giant cluster-flop, so must be avoided at all costs.  In typical Gov-speak fashion, however, there is nothing “substantially equal” about the amount withdrawn from one’s retirement plan prior to age 59.5 or the times during which these distributions are taken.  It is an EXACTLY calculated number that MUST be adhered to until one reaches the sainted age of 59.5 OR one has the SEPP running for 5 years, whichever is longer.  I started my SEPP in 2005 and completed it in 2010.  This lasted a year longer than the minimum because my age and start date did not match up perfectly.  This was not a problem.


      Additionally, I have been rotating money out of my IRA on an annual basis and using it to buy PMs.  I usually take a small amount, such as $25-30k, pay the taxes due on that amount, and then use what’s left to make several gold and silver purchases throughout the year.  Not only is the resulting gold and silver removed from the banking system but the equivalent amount of fiat is converted into REAL money.


      While this is going on, other preps are in progress.  Stacking PMs will very likely be of great benefit at some point in the not too distant future.  Economic collapse is unavoidable at this stage but that does not mean that it is imminent.  It could occur tomorrow or several years into the future.  But, when it does come, it will arrive quickly and without fanfare, much like the stock market collapses in 1929 and again in 2008.  So, in addition to PMs, stacking food, water, water collection and purification means, meds, weapons to protect what you have when the SHTF, fuel, hand tools, life skills, and other indispensable items is also a must.


      As a long-time investor, I am still invested in the US stock market.  2013 was a very good year in that market gains of 30% were not difficult to achieve.  Those profits went into more gold and silver.  That made them REAL, whereas prior to that they were simply paper entries in a mutual fund ledger.


      But, while I continue to invest in the US stock market, I do not trust this market.  It is manipulated by the US Gov, the Fed, and the big NY banks.  That said, they certainly have many more things to worry about than us small-fry investors.  We are the remoras that cling to the hides of these great banking sharks, and doing pretty well by feeding off of their crumbs.  Because of this, I will continue to invest in the US stock market… carefully and in lesser amount than I used to do… and will continue to use the profits it throws off to buy more preps of various kinds.


      When the day comes that the market collapses, I will feel no financial pain.  What is left in my investing accounts will disappear along with all other paper wealth.  But so what?  By then, it is likely that I will have a pile of gold and silver that is more than large enough to live very well indeed.  It is already quite respectable.  🙂


  7. As an Arab living in the gulf..

    Anyone who says that the saudis will drop the dollar for anything else is a nutjob. This will never happen and will not be allowed by us gov/military.

    1- Same as in Iraq/Libiya. There are in the boat till it reaches the bottom.

    2- all these forex are in USD. See/think  china diversification from usd




    • @hadi800

      THANK YOU … I’ve said it before and I’ll say it again… a lot of this online junk is Russian propaganda.

      The Saudis and the Americans are so united, and they desperately hate the Iranians, who are in bed with Russian and China and North Korea.

      This is the same Russian propaganda nonsense that says that Germany is leaving the EU to unite with Russia and China. While Frankfurt might be a Yuan hub, Germany IS the Euro, and it greatly benefits from it while making weaker countries in the EU suffer. The Germans are not going to give that sweet deal up. Plus, they get to boss other EU countries around.

      Case in point, Germany dislikes Russia, and sees it as a rival, not an ally. Thus, Germany forgot all about the NSA spying on Merkel and it forced France to put a stop to the sale of the Mistral ship to Russia.

      Don’t believe everything you read online. Believe me 😉

  8. The end game is to eliminate the middle class (steal their wealth, first) and to construct a system of electronic money control of which every human is coded for transaction purposes.  Only those who have silver or gold will be able to buy and sell in the “underground”.


    What’s in your wallet ?

  9. Interesting discussion. JW is on a Mossad hit list I believe, or at least he has had a death threat from those quarters. So you might attribute a certain reticence to name names and call it as it is…28 years in a windowless underground cell ain’t fun. Would make most people cussed.

    JW identifies the Germans as the epicentre of change. Total agreement. He thinks a mid-sized German bank is the first domino. I think he is spot on.

    I used to watch Kasparov playing on TV. I didn’t  understand the intricacies, but there would be a bit of plotting and setting up, and then suddenly the game would unfurl explosively. We aren’t far from a global denouement. The Americans are hanging tough with Marlon McCain strutting his lunacy and Kerry The Vapid blowing smoke, but the US is out of ammo, and Putin is no fool.  The US won’t start WW3 IMO, so really they are just kicking up lots of dust trying to scare Russia and China, but ultimately they are hollow men. JW understands this very well. I think his work is of the highest magnitude, even if he does make some duff calls.




    • Lol

      a Mossad hit list? 28 years in a jail?

      You read too many weird websites man.

      If they wanted him they’ve had gotten him: they got well-protected Iranian scientists and ultra-well protected Hamas and Hezbollah operatives… they can get a guy like Willie. He’s not on any hit list.

      And 28 years? Lol Mordecai Vanunu got 18 years for betraying Israel’s nuclear program…

      Again, quit reading online junk and hug a Jew.

  10. Hey Hey Ho Ho

    Uncle Obama has got to go

    The US Navy and Air Force just attacked Syria at 9.25 EST.

    Maybe that last tanker of oil delivered to Russia and priced in rubles was the tipping point.

    Obama left the White House a couple of days ago with wife and kiddies

    Don’t drone me, Bro.

  11. gogetter123   good call on the syrian attack   We went in without approval from Assad.  IMPORTANT NOTE

    not one single European country is part of the coalition. That would really hack off Putin since he had everyone of them by the petro-nads.  Don’t follow the money when war is on the line

    Follow the oil

    Just Saudi Arabia, Qatar,  Bahrain, UAE and Jordan are part of the coalition.  Turkey will be pressed to help with their air force bases brought on line ASAP.

    • @AGXIIK

      Actually, France started bombing before the USA did and is still bombing daily with America, while Denmark has sent support staff and Canada has been flying in military hardware into Irbil and other Iraqi places to fight ISIL.


    • KMA   EdB_ also did a post on this subject but the  site ate the post.  I think he may respond again to provide his take on your questions and the value of IRAs

      I asked Jeff Berwick of The Dollar Vigilante if he still offered the SDIRA service that I used 3 years ago to get into a Precious metal IRA and will let you know his response.

  12. That is a good idea KMA. The debt mogrels are relentless, remorseless and if they get you in their clutches the ramifications of that are endless.  I was part of the goon squad at our bank.  You did not want to see me coming in the front door.  On a lighter note, interest you do not pay is interest you earn.  Compounding of that interest cost, exacerbated by the price of US dollars printed at interest,  means you could easily pay 3-5 times the principal if you let the loan run to term.  The eff’in banksters get rich and make you poor

    By paying off debt you break the shackles of this debt paradigm.  Your yield to maturity on debt pay offs could be greater than your IRA yield.  The silver lining is that if the government decides to nationalize retirement plans, they can’t take what you own free and clear if you keep it from their prying eyes—like gold and silver.  When the government is in session no one is safe.  Being debt free is just  a good means to stay under the radar.  Paying cash for everything that you can also keeps you off the radar of prying eyes.  The government and credit card firms share data that ID your spending habits.

    What if this Prophecy when like this >>>Daniel 11: 40-45)  And at the time of the end shall the Chocolate  king of the south (NATO) push at him Putin King of the North (RUSSIA): and the king of the north shall come against him like a whirlwind, with chariots, and with horsemen, and with many ships; and he shall enter into the countries, and shall overflow and pass over. He shall enter also into the glorious land (Israel), and many countries (turkey) &  (EU ) shall be overthrown: but these shall escape out of his hand, even(Saudi Arabia ) Edom, and(Jordan) Moab, and the chief of the (ISIS)children of Ammon. He shall stretch forth his hand also upon the countries: and the land of (Kuwait Yemen, Qatar,   Egypt) shall not escape. But he shall have power over the treasures of gold and of silver( BRICS), and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps. But tidings out of the east(Japan)  and out of the north(USA)  shall trouble him: therefore he shall go forth with great fury to destroy, and utterly to kill many. And he shall plant the tabernacles of his palace between the seas in the glorious holy mountain( Israel) ; yet he shall come to his end, and none shall help him. (Daniel 11:40-45)

  14. @KarenHudes


    Thanx for the link , I was not aware of this church/temple/synagogue at Chancery lane, the worship of gain/money/Mamon  no doubt its purpose as are all temples made with hands, understanding the language of the soul is measurement  which at present rules over us { this not out of the order of GOD} I shall go have a gander at it tomorrow, out of morbid curiosity


    Karen, I am of no doubt that all is of GOD our Father and His ways are past finding out and therefor I am not one  who relies on my own reasoning in matters regarding the present afflictions we suffer in  this world, understanding the scriptures are one cohesive narrative { woven without seem } which speaks of a present truth of self/soul and therefore I do not hold to any truth or build a city out of my own perception of any revelation , seeing Truth/Self/Soul/GOD are  an immeasurable never ending expanding  present moment lived in, of which this present moment He has hid His face from us, is but a breath …………..

    GOD  our Father Who’s soul we are and the very Life we are in this last day { feast of tabernacle/ingathering /fall harvest } has  given mankind irrefutable proof of  His Truth/Son in this present moment/time we abide , and that being the anointing/sprinkling of blood of the west side of the Mercy seat of the Most Holy testifying to the  sacrifice of HIS Son(s) our Brother  Jesus of Nazareth, the proof of which stands as   testimony  20 ft below the very place Christ was crucified, this symbolic testimony of the proses of  our soul spoken of  in countless myriads of  forms throughout both Testimony’s of the holy scriptures stand as  witness to this truth which all will come to the knowledge of be they Jew/believer or gentile/non-believer, seeing GOD is no respecter of persons and it is He that works in us both to will and to do of His pleasure and it is He Who is the potter who makes vessels for honour/good and vessels for dishonour/evil


    I would like to speak to one of these  society of Jesus/ Jesuits, {GOD willing} for they are but men who worship the idol  of their own reasoning/flesh , whilst  I posses   the testimony of Christ Who’s image they hide behind


    We live in interesting times ……………………………………………

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