Jim Willie: The Gold Climax Event

Jim Willie goldBy Jim Willie, GoldenJackass.com

The USFed stated publicly in early 2009 their desire to pursue an Exit Strategy. The Jackass on repeated occasions over three years ago refuted and contradicted their claimed path on monetary policy restoration to normalcy.
There is an Exit Strategy, but it is evident in the East. The Eastern nations are assembling a Eurasian Trade Zone and a BRICS central bank (aka Development Fund) with which they will exit the USDollar global reserve standard. In doing so, they will not require to fill their banking systems any longer with toxic USTBonds.
The end of the USDollar as global reserve is near, visible in tangible form
.

 

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The propaganda has been thick over the last few years, especially since the US banking system suffered a fatal heart attack in September 2008. It has not recovered since, still insolvent, still wrecked, having returned a zombie center with a USTBond carry trade core and continued money laundering basement lifeline. The Jackass is tired beyond words, beyond description, of hearing that the Zero Percent Interest Policy is being kept as a stimulus measure to encourage continued economic recovery. It is neither a stimulant, nor is the USEconomy in recovery mode. The official 0% rate signals a death knell to the national financial foundation and economic vibrancy, the climax event slow in its pathogenesis following the departure from the Gold Standard in 1971. The official 0% FedFunds rate (call it 25 basis points, no matter) is a direct signal of terminal illness for the entire capitalist structures within both the United States and its Western partners who stupidly or helplessly follow its lead. They followed the US lead in the housing & mortgage bubble disaster with complete wreckage, yet they continue to follow the US monetary lead. They claim to have no choice. They do indeed have a choice, to discard the USDollar and to sell out of the USTreasury Bond, to impose a Gold Standard.

 

The Gold Trade Standard is coming into view. The East is no longer following the US lead, as a rebellion against the USDollar and its toxic USTreasury Bond is well along. The Eastern giants Russia and China are forging a new path, to install a new Gold Trade Standard that thumbs its nose at the Western banking system and the FOREX currency market. Its marketplace will be the Eurasian Trade Zone, and its gold central bank will be the BRICS Development Fund (clever name to disguise its eventual function).  A public article was recently penned by the Jackass, but due to the limited opportunity for the Easter and Passover times, the article entitled USDollar: Ring-Fenced & Checkmate  was only posted on Goldseek and SilverDoctors.

 

MONEY VELOCITY DYING ON THE VINE

It deserves extreme emphasis that the United States has put a zero price on money, and therefore two extremely important consequences are immediate. The first is that all capital is falsely priced, which causes a cancer to flow and filter throughout the entire business sector where capital is at work. Secondly, all financial assets are improperly priced, from stocks to bonds to property that ranges from commercial buildings to farmland to port facilities. The USEconomy suffers from capital mortality and capital wreckage. The US Federal Reserve by keeping the official rate near zero for four years, has in effect subjected the USEconomy to a death sentence. Evidence is seen in the Money Velocity. The USFed told the nation in early 2009 that the 0% was temporary. It was not, and the Jackass called them liars then, correctly so. They oversee ZIRP forever and QE to Infinity.

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Notice the severe decline in money velocity. Even the incompetent economists recognize the importance of money flowing through the economic arteries. The banks are debilitated by a sclerosis which has spread to the body economic. The finger of blame goes initially to Sir Alan Greenspasm, who was the architect of monetary inflation management. The Mr Magoo lookalike urged the nation to tap into home equity for sustained consumption. He personally urged the renewed housing bubble, which enabled him to leave office an apparent winner. He never advocated a new business cycle, only a new speculative cycle. Greenspasm defended to the hilt the sophistication of the risk offload vehicles in derivatives, those toxic unregulated bank chits sold in the underground market where rats prevail. Beware that nothing has been solved, nothing has been attempted in solution, and the money velocity bears out the gradual death process of money itself. Money is tired, soon to be retired. It has no value in interest yield. It has no value indirectly, due to its free creation and distribution by the chief capital moron bottle washer (liquidity room) in charge of the USFed. He boasted of the electronic printing press with zero cost. Its heavy usage has rendered capital within the USEconomy to have zero value. It is in a grand retirement trend, in response to rising costs and shrinking profitability. Capital gradually in the US is dying.

 

An historical event look shows the decline in the effectiveness of money has a much longer established pattern. The trend down in money velocity has been in progress since the 1980 decade. My firm belief as an analyst and statistician is that the forfeiture and abandonment of industry from the USEconomy had a devastating effect over the decades. The legitimate income from tangible work was removed. The nation grew devoted and dependent upon asset bubbles for wealth and disposable funds for consumption, not actual work. The United States has pushed itself into a corner with a monetary straitjacket, a criminal banker elite class in charge, and a systemic failure that approaches rapidly. The harsh police state will be the outcome from refusal to liquidate the big US banks.

 

GRAND WET BLANKET & RISING TIDE OF COSTS

Capital destruction is not perceived by the harlot economist coven. They are paid to regard the 0% banner and QE operation as wildly stimulative. It is not. It is rather a grand wet blanket that smothers the capital at work, or drowns it from a rising tide of costs. The income side is slowed since legions of savers are denied a proper reward for putting their savings capital into the system, put to work. The pension funds are found wanting on income yield, as they take extra risks to find the required yield. The USFed has in essence forced the nation to adopt the moral hazard, to face the risks from the likes of mortgage bonds, and to suffer grand losses. Those folders full of bank CDs (certificates of deposit) earn a piddling 1% to 2% in interest, far less than the running rate of price inflation most evident in food and gasoline. The ZIRP policy pushes the grand distortions and imbalances within the USEconomy and its obscene forces. Few realize that the income from savings and bonds is equally prominent as consumer borrowing. The savings interest paid slows the USEconomy down in a powerful manner. However, consumer interest rates have not reduced much really, since borrowers are considered greater risks, the banks not so willing to lend. The entire wet blanket causes an attack on capital and its smother from rising costs. The wet blanket on the USEconomy is the grand robe of the banker royalty, purple in color from the de-oxygenated blood condition.

 

BERNANKE ASSURED SYSTEMIC FAILURE

By promising QE until job growth and economic recovery, Bernanke has assured systemic failure. The USFed monetary policy is rendering harm to the USEconomy in a pervasive powerful systematic process, a death process, an irreversible pathogenesis. The widespread hedge practices against monetary inflation go toward commodities, lifting cost of everything. They hedge to protect their wealth from the official debasement process conducted in desperation by the USFed as central bank. The hedging is done globally. The entire sickening unfolding of events and powerful effects make for a tremendous blind spot to economists, since QE is a huge suppressant to USEconomy. The distortion to the entire pricing of assets is crippling, since cost of money is at the center.

 

USGOVT DEFICIT WILL GROW, NOT REDUCE

Warning: the USGovt budget deficit will spiral out of control. No recovery is occurring. Both the ObamaCare tax and the Social Security tax hike are inflicting damage on the USEconomy. The constant competition from Asia with its lower wages, lower fringe benefits, lower regulatory burden, and lower taxes, together imposes a tremendous obstacle for the USEconomy. Thus no expansion. The recovery is a marketing myth and propaganda platform toward which the old fascist kingpins in the 1930 decade would offer praise. The sequestered federal spending cuts will reduce economic activity, not restore fiscal health. The USGovt deficits will grow much larger, toward $1.5 trillion again in the next year or two. The morons at the helm and in the dead economic brain trust will put to work their vacant wisdom with austerity and thus introduce the poison pills. The United States faces a perfect storm.

 

The USFed monetary policy suppresses economic activity by raising the cost structure at a time when almost no businesses are expanding. The untold fact is that the hyper monetary inflation policy firmly in place, pledged to remain in place for another three years, will assure an attack on capital, an attack on business, with a certain rise in business segment shutdowns, with the corresponding job cuts. The nation has turned hopelessly stupid on all matters economic and financial, having totally lost its way. America has no concept or comprehension of capitalism or capital formation. The wretched report card will come in the form of a quickly rising USGovt deficit, which will be covered by the USFed central bank printing press that bears a Weimar nameplate. As the USDollar becomes isolated, so will the USFed in its no so hidden inflation operation to buy USGovt debt that nobody wants. Its bond principal value is zero, yet it sports a lofty high value in the marketplace of horrors. It is Third World toxic paper.

 

The USFed will become the near total buyer of the toxic USTreasury Bonds issued. Foreigners will not simply avoid the purchase of USTBonds. They will continue to react to the staggering deadly debasement to the USDollar, which undercuts the value of their savings stored in FOREX reserves. They will actively abandon the USTBonds, to find a dumping ground for them, like the vast new BRICS Development Fund, which will morph into a Gold Trade Central Bank. Nations of the world are forming the USDollar alternative on the trade side, not the banking and currency side. Once again like a breath of fresh air, banking will follow trade, a concept that not 2% of American economists understand, or wish to understand. The US Economists are equally culpable for the systemic failure, working side by side with the US bankers.

 

STRIP BERNANKE OF HIS PhD DEGREE

The Jackass will go so far as to urge the stripping of the PhD in Economics by one Benjamin Shalom Bernanke. In the last four years, he has proved vividly how his doctoral dissertation is incorrect. A flood of liquidity does not in any way remedy insolvency, as his thesis claimed. He is the principal architect of revisionist history concerning the Great Depression, used as qualification for succeeding Greenpasm. Without the Gold Standard in place, the United States would never have climbed out of the powerful depression 80 years ago. In the present day, since no Gold Standard is in place, the United States will face systemic failure, USGovt debt restructure (default), and severe ignominy. By the way, in all my years, only one time was seen a stripped doctoral degree. A college professor had his Statistics PhD removed, when a solid young mathematical statistician proved his thesis as false. Poor Archie! Bernanke provides the discredited proof by himself, with the principal victim being the US banking system. It is sclerotic, zombie, and hollowed out. The USEconomy’s industry has been hollowed out since the 1980 decade, starting with Intel relocating to Japan and the Pacific Rim. The crowning blow was the dispatch of US industry to China, replete with Wall Street betrayals that followed their ransacking of Fort Knox. It is utterly amazing that 95% of American citizens do not care about the empty vaults in Fort Knox. Actually they are not empty, since they contain nerve gas in a great repository. Note the irony!

 

EASTERN EXIT STRATEGY FROM USDOLLAR

The USFed stated publicly in early 2009 their desire to pursue an Exit Strategy. The Jackass on repeated occasions over three years ago refuted and contradicted their claimed path on monetary policy restoration to normalcy. My belief, borne out as the case, was that the USFed had painted itself into a corner, could not raise interest rates, and would be forced instead to monetize the USGovt debt, with no path offered toward normalcy. That is precisely what happened. Pardon my lack of deep formal training in Economics, since my wish was not to be encumbered by the limitations of economics credentials. The economist corps is little more than a gaggle of Wall Street harlots and USGovt apologists that operate the propaganda to produce constantly deceptive messages. There is an Exit Strategy, but it is evident in the East. The Eastern nations are assembling a Eurasian Trade Zone and a BRICS central bank (aka Development Fund) with which they will exit the USDollar global reserve standard. In doing so, they will not require to fill their banking systems any longer with toxic USTBonds. The end of the USDollar as global reserve is near, visible in tangible form.

 

The propaganda has never run so thick, whether on the sluggish economic recovery, the benefits of new national health care, the housing market rebound, or the threat of terrorism. The majority of Amerkans gobble the Goebbels garbled spew from the bank nazis. One is left to wonder if the US systemic breakdown and failure will be blamed on Iran or North Korea. Maybe blame will befall the Arabs, who are close to abandoning the Petro-Dollar defacto standard. When they accept Euros, Pounds, Yen, and Francs for crude oil, the game is over the lights turned off on the USDollar reign of terror. Some climax events are very near, warned by Cyprus, set up by legislation, created by a gradual methodical isolation of the USDollar for its rejection as global reserve currency. Most Americans regard the USDollar as their currency, with zero knowledge or awareness of its function as a global reserve, the staple item within myriad banking systems across the world. For their error, they will face catastrophic losses to their life savings, unless they have invested in Gold & Silver bars and coins.

 

LIQUIDATE BIG BANKS OR SYSTEMIC FAILURE

Some important messages should be heard. At the macro level, the entire financial system has become hopelessly sclerotic. The chronic Western financial crisis is more like a monetary war for elites to retain control of the production of money, the setting of rules, the process of confiscation, while they desperately attempt to preserve the fiat currency system with the USDollar as its flagship. That ship should fly the Skull & Crossbones as its flag. The refusal to liquidate the big insolvent banks stands as the quintessential message of corruption and control to execute the Fascist Business Model, which will result in systemic failure. With MF-Global and Robo Foreclosure Fraud and Cyprus Bank Taxes, layered atop the QE to Infinity, the fascist bankers are finally unmasked. They were never defeated in the 1940 decade. They migrated to the banks in Switzerland, London, and New York. The big banks no longer serve as capital formation engines. They no longer serve as business investment partners. They are pure predators. At a micro level, they are giant hollow reeds ripe with bond fraud, phony accounting, insider trading, replete with financial market parasite functions. They are not credit engines for commerce, but rather carry trade platforms and money laundering centers.

 

If the big US banks are not liquidated, absolutely no solution will come, and systemic failure will eventually occur. They are not too big to fail institutions. They are not systemically important financial institutions. They are the criminal syndicate foundation headquarters. If they are liquidated, the nation will enter a USGovt debt default. It is that simple. Our compromised leadership crew will impose fascist police state rather than liquidate the big banks where power center lies. Tainted money and bribery with threats has changed the nation at the top, the Congress a den of thieves and panderers. As the Italian Mafia prefers to say, the fish rots from the head down. Thus the need for removing guns, as the great USDollar devaluation comes and price shock will arrive on the household doorsteps in the form of much higher food prices (bread, milk, eggs) and much higher energy prices (gasoline, electricity).

 

Since the big US banks will never be liquidated, instead the nation will be liquidated. Its wealth will be subjected to a vanishing act. The nation’s households suffered the loss of home equity, under exploit by the banking sector. Their bond fraud and contract fraud and a plethora of other criminal activity have been converted into mere business costs, under the tarp of the Fascist Business Model. The nation’s pensioners have suffered the loss of income, no longer given a justified yield on their life savings. The futures contract players have been given fair warning by the MF-Global private account thefts, with an echo from the Peregrine Financial Group matching private account thefts. The recent bankruptcy law revision and financial regulatory bill revision have given clear warning in their many insidious provisions. Next comes the vanishing of private bank accounts, private pension accounts, private stock accounts, private mutual fund accounts, and private bank safety deposit boxes. The loss will not be total in most cases. The sleepy dopey bombarded nation is about to receive a wake-up call, since all past calls have resulted in the doze button hit, a drowsy pause for a few more months (years) of sleep.

 

END GAME MOTIVE TO IMPOVERISH

A sinister vile malicious motive is coming into view, hidden for years within legislation, pushed to the fore by newer regulatory legislation. What is coming is a magnificent vanishing act of wealth itself, since the Western economic system has suffered diverse Ponzi symptoms for 20 to 30 years. Its financial foundation has been built on money fashioned from debt. A major debt downgrade on private savings, brokerage accounts, pension funds, and more is scheduled, since money is disguised debt. Worse, a pernicious attack is set to be waged on private wealth. The first volley was to strip citizens of their home equity, that prized homestead nest egg of wealth. The second volley has been more hidden, the removal of wealth held in the stock market. It is held up in value by hyper monetary inflation. Its purchase power in value diminishes by the month during the currency debasement process.
The unmasked evil motive has been to buy time. The real purpose of the Zero Percent Interest Policy, complete with its monetary straitjacket in Global QE to Infinity, is to bail out the elite bankers and to delay the systemic breakdown. The only dominant buyer in USTreasury Bonds is the US Federal Reserve, the army of foreign creditors having departed the room long ago when QE2 was launched. The ZIRP & QE morgue toe tags are designed a) to provide a high volume buyer of toxic mortgage bond and related fraud-ridden instruments, b) to keep USGovt borrowing costs down, thus preventing an enormous rise in budget deficits, c) to enable Wall Street speculation in financial markets, with zero cost money, d) to create the USTBond carry trade arena for the big banks, investing in long-term USTBonds, and e) to finance the wars of aggression that attempt to secure supply, while enabling contract fraud. But the ugliest attack on private wealth is left for last, which will shock the nation and introduce the unmistakable police state. It will herald entry to the de-Industrialized Third World.

 

THE 2005 BANKRUPTCY LAW

The law has come front and center into view. Its features, reinforced by the Financial Regulatory Bill (aka Dodd-Frank Law) have never been more important than now. The individual side to the reformed bankruptcy provisions received the most attention, including for the Jackass. It removed the Chapter 7 wipeout of debts in offset by assets, done formerly in sweeping step. Once done, the deck cleared, fresh air abounded, the path made new. However, it made standard Chapter 13, in restructure of debt with respect to income, establishing a lifetime of tax obligations. But the corporate side is far more pernicious, learned only two years ago by the Jackass. It subordinated all bank assets under the derivatives owned by financial firms. The subordinated structure still exists, like senior & junior bond holders, savings accounts, certificates of deposit, mutual funds under management, money market funds, but these all lie subordinated UNDER the vast derivatives, the unregulated contracts. The updates to these laws are clear as a cloudless day in bright sunshine. The United States and United Kingdom, even Canada, have enacted laws that serve as guidelines in the preservation of the largest banks, by forcing the vanishing of private accounts. Better described, the laws offer guidelines on the death of the big banks, since they will be washed clean of assets, including those of private citizens. The insidious Bail-In Laws will catch attention. Their invocation in Cyprus was the alarm sounded. Not many Americans heard it clearly, still distracted, still dopey, still gullible, still incredulous. It could never happen here?!?!

 

Protected are the Systemically Important Financial Institutions (SIMI), the pillars of corruption, the control towers for the fascist state. The USGovt will protect the SIMI institutions, as they interpret, not as the people interpret. The unmistakable conclusion is that a debt slave state is being created, where the people are to be stripped of wealth. Maybe it was never real anyway, since the money is debt in disguise, not bonafide money. The private individual assets are to be lost to dark room assets with no regulatory oversight, in a grand titration process of derivative acid (H+) acting against private wealth alkali (OH-) to produce fresh water held for the elite to drink. Here is where the vicious side is blatant and in your face. The declared losses to private assets will be at the full discretion of the syndicate bosses. The size of derivative exposure is 1000 times greater than private assets. Therefore, the law appears to be a device to impose national poverty via eradicated wealth, since the private wealth in no remote manner is of sufficient magnitude to restore the banks to health. Thus the interpreted debt slave state within the fascist police state.

 

The FDIC has been transformed, not to insure depositor wealth, but to remove it, to confiscate it, to tax it, and to make it vanish. Protection comes from removal of personal assets from the financial and banking system altogether. It would be best to use the banking system in a utility function, for cash flow purposes, maintenance of bill payment, the account balances kept to a minimum in case of confiscation suddenly during unscheduled bank holiday. Ideal to invest in Gold & Silver bars & coins, kept outside banks, preferably outside USA. A powerful wave of devastation comes.

 

GOLD MARKET DIVERGENCE

The Jackass forecast of 2009 and 2010 and 2011 and 2012 is coming to pass. The divergence between the paper Gold price dominated by futures contracts, and the physical Gold price dominated by purchase and delivery of the metal bars, has grown wide and will grow wider. While many are heard in the hue & cry of the declined supposed Gold price, it is not the Gold price. It is the corrupted paper Gold price that the deceived masses focus too much on. The professionals in the Gold market who actually act on contracts for large volume deliveries are noticing the strains on supply, which is fast disappearing. The true Gold price is much higher than advertised by the corrupted networks devoted to the financial syndicate in charge. The drainage of the COMEX and LBMA is hastened, made quick by the discount offered. The Boyz are draining their own blood on stage in full view, but the majority within the gold community are lamenting the falling corrupted price. What irony! The Boyz in New York and London are committing bank suicide on the global stage, yet the investor crowd cannot see. When the big US and London bank vaults are empty of gold bullion, the game will suddenly change. The power will shift to the East. The USDollar will be devalued, buried, replaced. The Gold Standard will rise in the East like the sun in a new dawn, but a standard based in trade settlement that will turn the West upside down.

 

The Shanghai Metals Exchange sports a significant useful practical Gold price spread, higher than the posted London and New York price. It has opened the door for arbitrage for the last two months or more. My firm suspicion is that the BRICS Development Fund will convert USTreasury Bonds by means of the Shanghai window, thus draining the London centers of their gold bullion. As of 8am today in London, the Shanghai Gold price had a 1591 handle, compared to a 1555 handle in London. That constitutes a $36/oz spread, very feasible for arb trades and the associated drainage of London metal. The professionals are having a field day, exploiting the artificially offered Gold price achieved from yet more naked gold futures contract shorting. The depletion of the SPDR Gold Trust (GLD shares) continues at a frenetic pace. The big US banks are shorting the GLD shares, removing its gold bar inventory overnight, and selling into the market. Or else they are covering their similar sales obligations in like manner. The key to the divergence is that as the phony paper Gold price declines more and more, it signals the demise of the COMEX itself, a shutdown. The event cannot happen without the price divergence, the fast falling paper Gold price versus the stable rising physical Gold price. When the COMEX goes dark, from depleted inventory, from vacated client players, the Gold price will actually not be known for some time. Then later, it will be on display from various key centers across the globe, including Shanghai where naked futures contract activity is not sponsored by the state.

 

The Jackass rejoices at the utter desperation in pushing down the paper Gold price. It signals a fierce unspeakable urgency to fight the inevitable collapse underway. The rumors are thick of a grand systemic event that arrives soon, very soon. One will recognize it by the multitude of citizens with mouths hung open in disbelief. The bank nazis will not see their massive pillars, their syndicate hives be ruined without stripping the US nation of its private wealth. The US is due for a Cyprus-like event soon, very soon. The remaining freedom afforded can be exercised in purchasing Gold & Silver bars and coins, after removing funds from the financial system governed and controlled and denominated by the USDollar. Time is running out. Signals are deafening as in screeching loud shrill.

 

THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.

From subscribers and readers:

At least 30 recently on correct forecasts regarding the bailout parade, numerous nationalization deals such as for Fannie Mae and the grand Mortgage Rescue.

 

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

 

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Comments

  1. Banks are not credit engines for commerce, but rather carry trade platforms and money laundering centers.
    -Jim Willie

  2. Where can I observe that paper/phys disconnect in gold? Coins just 3% over spot, no problem!

    • The small buyers like us will not see the disconnect as well.  It’s the super rich and sovereignty funds that buy 400 oz gold bars that have the high premiums. Jim stated that the 400 oz bars are costing $2k/oz. He’s not talking about bars been shipped to a bullion bank.  He’s referring to gold shipped to private vaults.

  3. From my own ‘cranky corner’ POV I started reading Jim Willie’s essays about ZIRP early last year.  Once I understood what he was talking about and its effects, I started seeing it in every corner.  A quick review of my FIdelity MMA showed NIRP return on some large balances.  The MMA did pay out 1 BPS, that’s $10 on $100,000. Somehow Fidelity must have felt sorry for us owners of the MMA.  They made 50 BPS on their subprime crap investments, extracted 52 BPS and then ‘rebated’ 3 BPS so tht we would end up with something.  Now ZIRP is rotating to NIRP returns as people fled bank accounts, deficient FDIC coverages, the Cyprus Ctockholm Cyndrone into the warm protective embrace of the MMAs (misplaced in my opinion).   MMAs are now going to be allowed to break the buck should circumstances arise where their investments go negative, like that MMA that invested in Lehman paper.  That problem just about destroyed the MMA market during this Fiscal FUBAR
    Along with the MMA NIRP, the ZIRP syndrome is killing retirement yields for seniors as well as the trillions in private and public pension plans.  The resulting yield deficits in state pension plans with their idiotic yield promises of 8% are creating some $3 trillion in unfunded liabilities.  Dow Chem, Ford and Boeing had to fund over $10 billion to plump up their pensions plans.  This extracts needed funds from the firms to try to break even on unfundable promised
    ZIRP is a weapon of mass destruction.  It is one of the most important factors in bank liquidity and solvency as banks struggle to grab yield, operating in the world of ZIRP and chasing crap investments, subprime sovereign debt and CCC minus central bank transches of garbage.  ZIRP is one of the singularly most important sources of financial institution destruct ever invented.  The equities are ramping upwards due to money flooding into the market trying grab yield and this is a false premise market too boot.
    This all will end badly.
    I realize Jim already said this but I add my .002 BPSworth. 
    Precious metals, depressed as they are now, is the only place to be in other than land
      Land has its  own set of counterparty risk IMO but is can produce revenues.
    Stay frosty friends.

    • “MMAs are now going to be allowed to break the buck should circumstances arise where their investments go negative…”
       
      Whether allowed to “break the buck” or not, many small investors will see any MMA that does this as a complete disaster and a betrayal of trust.  They will flee any such custodian that allows this to happen.  Not only will they withdraw all of their remaining MMA funds but all of their funds, period.  Custodians all know this and will do anything they can to avoid this situation, even if it means riding to the rescue of their MMA funds with bundles of their own cash. They will even borrow money to support their MMAs, if necessary, so that they do not break the buck.
       

  4. However impressive the ‘informational resourses’ contributing to Mr. Willie’s tomes, he instantaneously separates from me like a ten ton lead cube when he pronounces that ”a direct signal of terminal illness for the entire capitalist structures within both the United States and its Western partners” is at hand. Not because I don’t believe it’s operationally true, but because there has been no ‘capitalist’ society on this planet since at least 1871!
     
    For Willie to imagine otherwise, says one of two things. Either he has no inkling of a CLUE as to what Capitalism actually is, or he rather does and heralds one of its antecedents to even FURTHER torture us and our progeny. Neither of which inspires any sense of respect for him.
     
    Capitalism is a SOCIAL ORDER, founded on the tenets of Private Property and Personal Determinism. The economics FOLLOW that foundational structure, and the best fit is a Free Market, where Adam Smith’s ‘Invisible Hand’ moves goods and services by interlaced forces of Supply-Demand. The total absence of un-controlled prices and interest is INCONTROVERTABLE PROOF that Capitalism is NOT extant.

    So, what does Mr. Willie imagine ought to ‘replace’ this ‘wicked’ confabulation? More influencial Mercantilism, where governments control all commerce from a centralized State Treasury, doled out to favored courtiers? That’s what we HAVE NOW! So, that couldn’t be his ‘wet-dream’, could it?
     
    Well the only OTHER prior ‘civilized’ Social Order (besides raw Tribalism) was Feudalism, where annointed families of Monarchs and Nobles held Legal and Equitable Title in EVERY SCRAP OF MATERIAL AND INTELLECTUAL ASSETS IMAGINABLE. Lovely revival to contemplate … huh!
     
    Capitalist Social Order is the ZENITH of Civilization and to denounce it is, again, one of two things … either serruptitious, loathsome, stupid folly, or sinister anticipation of a handomme ’reward’ for carrying on a propaganda campaign for his ‘Leige Lord’ who will be among those floating a Phoenix of ‘tungsten backed’ (unconvertable, to be CERTAIN) Plantation Scrip.
     
    A careful and meticulous dissection of Mr. Willie’s pieces (exactly like his cohorts, Rickards et. al.) promotes unquestioning expectation of this ‘new currency’. Indeed, this is to be rejoycingly welcomed! Meet the ‘new’ boss, same as the old boss! Well, I AIN’T GONNA TAKE IT!
     
    Paper Rots, Coin Does Not!

    •  Indeed, this is to be rejoycingly welcomed! Meet the ‘new’ boss, same as the old boss! Well, I AIN’T GONNA TAKE IT!”
       
      Pat, that has been my take on any officially proposed replacement currency for the dying US dollar.  It will be offered up and the “new and improved” dollar but it will be the same pig with a bit of rouge and lipstick added for the benefit of those who do not know what money really is.  If attempted, as we suspect, it will be the currency equivalent of a false flag event… deception rather than an honest attempt at sound money.  Sound money will undoubtedly arrive after the replacement currency fails even faster than the dollar.  Beware such an offer.  Bide our time.  It will come.

    • Hear hear Mr. Fields!
       
      I would say that Jim is, like most of us, a victim of the terminology part of mind war.  Remember that Capitalism is a derogatory term invented by Karl Marx as a counterpart to Socialism, where the emphasis was to be on Society, not the accumulation of wealth (the means of production).  Of course, it was really about the accumulation of power, standing in the way of which is private property and limited government.  I prefer “Free Markets” to Capitalism as the emphasis is rightly on Freedom, not the worship of capital (or possibly mammon).
       
      I honestly consider myself a 19th century Liberal, which today we call a Libertarian, and our government is Fascist, which some people want to call “Corporatist”.  Leftist / Statist ideologies require someone to hate, which in America I call “The Department of Who to Hate” (In England it would be The Ministry of…) to capture their role and government origins.
       
      I would say we had a fairly free market from about 1839 to 1914, but even then the banks were working to manipulate asset prices up and down, issuing paper debt instruments to ultimately acquire things for themselves.  Even when we were free we undoubtedly had Rothschild agents everywhere meddling with the markets. I’m not a serious student of economic history but I know we had the “Crime of 1873″ where they demonetized silver which profited eastern bankers at the expense of western farmers.  I agree with Brotherjohnf that we should go back to gold and silver, but let them float freely rather than trying to legislate the gold/silver ratio.
       
      I feel we are nearing the time of maximum criminality on the part of our owners and their sock puppet governments.  I just hope the transition can be to freedom and productive pursuits, rather than redistribution (which is another false term, when was it distributed in the first place?) leading to total tyranny.

  5. TPTB Want you stressed, doubting everything you know! GO BACK TO SLEEP!!!!!!



     hang tough or hang alone!

  6. SECURE COMUNICATION BETWEEN THE HUNDREDS OF MILLIONS OF US, IS OUR PROBLEEM !!!!!!! AND TPTB, THEY DAMN WELL KNOW IT! TO THEM STOPPING THAT IS EVERYTHING!!!! IN OUR BRAINS WE MUST ALWAYS THINK WE ARE ALL ALONE!!!! Mass comunication and co-ordinated action is difficult when THEY own every network! There must be a way to talk real time and securely! Sadly, I just don’t know how! If did know how, How could one trust it OR ME? THAT IS THER REAL POWER!!!!!

    • Agreed, RRG.  But then, the strength of militias is not large group coordination but small unit tactics, hit and run, bleed the enemy, and melt into the night.  Tens of thousands of such groups would be a logistical nightmare that no army wants to face.  The Fed Gov is fooling itself if it really thinks that it can deal successfully with such a scenario.  They might at first and that would probably encourage them to think that they are “winning” but that will be as good as it gets for them.  Adaptability will not be their strong suit.

    • @RRG:  Interesting….and true!

    • @RocketsRedGlare
       
      In America’s foundations, The People were the ‘communications network’ through their Committees of Correspondance, informing their local and regional networks of Community Courts which held cognizance over what statutes would be validated or rejected by them. What’s needed today is a re-institution of this DIRECT control over administration turned into unauthorized RULE.
       
      America was INSTITUTED for its Peoples to Rule over their governments. THAT’S what Novus Ordo Seclorum MEANS.

      This link outlines how Community Grand Juries should be organized … PLEASE read it. The core suggestion raised is crucial to restoration of our Liberties. I suggest each grouping of 5,000 adults should form one among themselves and then link them all by Counties and State to DIRECTLY ‘Nullify’ ANYTHING government ‘adopts’ that’s un-Constitutional or repugnant to our Inherent Liberties.
       
      http://nhredress.files.wordpress.com/2013/04/the-peoples-board-of-government-review.pdf

  7. Benjamin Shalom Bernanke. Unecessary reference to his Jewish heritage. Most big bankers are not Jewish. Most Jews have nothing to do with illuminist Nazi whatever else they call themselves plots.
    Many Jews lost a LOT of money from Madoff etc.
    Willie should support Israel and forget the ethnic background of Bernanke… Greed is a universal human trait, (some of the most greedy people you’ll meet are Chinese and Russian mafiosos ha!).
    So let’s get over this anti-Jewish/Israel thing.

    • This so true.  Greed is a universal trait but so is goodness.  There are Jewish people trying to enforce rule of law on Wall Street. You may have heard of Eliot Spitzer.  He cleaned house when he was in politics.  Name one person who went after Wall Street corruption harder than Eliot in the last ten years? Yeah, I know he screwed up domestically.  That doesn’t change the fact that he was not afraid to go after Wall Street. Eliot is Jewish!

    • the current state of israel is an apartheid terrorist state which survives from guilt based indulgences and protection from the world. Your incessant apologies for this rogue state easily qualifies you as the worst poster on this site.
       
      Also glossing over the obvious jewish roots of the money changers is an embarrassing joke.
       
      At least you’re consistent.

  8. TPTB DON’T JUST MANIPULATE MARKETS THEY MANIPULATE US!!!

    • RRG…That’s a most profound statement.  Did you come up with that? 

    • Yes. And you can thank Sigmund Freud’s nephew, Edward Bernays, for that.

      If they can keep you busy on focusing on the carrot instead of the guy that’s picking your pocket, then they have stolen the most important “asset” that you have………TIME.

      Time is the most important asset in the world and they know it.

  9. @All…Here’s a question I sent to Jim Willie.  I am a HatTrick Letter subscriber.  He ignored me.  Blew me off.  That surprised me because I thought it was an interesting question.  So, let me throw it out to all the SDers for comment.
     
    What’s to stop the Fed from counterfeiting electronic euros?
     
    For instance, when the Fed enters into a currency swap agreement with the ECB, what’s to stop the Fed from crediting their Fed computer account a few billion extra euros?  A gentleman’s agreement among thieves???  It’s not like they get audited.  Seriously, how does a euro coming out of the Fed’s computer look any different from a euro coming out of the ECB’s computer?  How would anyone know how many euros the Fed is holding?  Or yen?, etc.  When the Fed needs to strengthen the dollar what’s to stop them from selling off freshly created digital euros?  At least with paper currency one has a chance at identifying counterfeit.  But, with electronic currency it’s all got to look the same. 
     
    I would really like to hear everyone’s opinion on this…
     
     
     

    • http://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx
      The Exchange Stabilization Fund (ESF) consists of three types of assets:  U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.
      The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities.
      http://www.nytimes.com/1988/01/07/business/intervention-simple-but-secret.html
      The process by which governments intervene in the currency markets – these days in vigorous support of the dollar – is procedurally straightforward but typically veiled in secrecy.
      http://en.wikipedia.org/wiki/Exchange_Stabilization_Fund
      The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention. This arrangement (as opposed to having the central bank intervene directly) allows the US government to influence currency exchange rates without affecting domestic money supply.
       
      That is your answer.
       
      Listen to Rob Kirby in this video.  He explains it perfectly about the ESF.  Just fast foward to the 3:25 mark of the video. 


       

    • These 5 videos by Eric DeCarbonnel is a masterpiece of information about the ESF.  The ESF control the FX markets.  It’s all off balance sheet with zero congressional oversight.  It’s beyond any rule of law. 
      http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html
       
      Basically, your question is very valid and legit.  It’s been happening since 1934 with this fund.  The ESF is in the markets everyday.  It’s the plunge protection team.  It controls the New York Fed.  The ESF funded the World Bank and the IMF.  Look up the 1994 Mexican bailout.  That was the ESF.  It was a 20 billion dollar currency swap that saved Mexico. 
       
      The U.S. government used the fund to provide $20 billion in currency swaps and loan guarantees to Mexico following the 1994 economic crisis in Mexico. This was somewhat controversial at the time, because President Clinton had tried and failed to pass the Mexican Stabilization Act through Congress. Use of the ESF circumvented the need for approval of the legislative branch. In response, Congress passed and President Clinton signed the Mexican Debt Disclosure Act of 1995, which implicitly accepted the use of the ESF, but required reports to Congress every six months on the status of the loans.[6] At the end of the crisis, the U.S. made a $500 million profit on the loans
       


       

    • “What’s to stop the Fed from counterfeiting electronic euros?”
       
      My completely uneducated opinion is that there is absolutely nothing stopping them from doing that if they so choose.  WHY would they do it might be another question here.  After all, all of the Western central banks are already counterfeiting their own currencies.  If they are willing to do that, why not counterfeit other nation’s currencies?  Is it in any nation’s interest to do this?  If so, then it is probably happening.

    • @duckvision
       
      What Mr. Kirby omits from his analysis, is that prior to Loan having been made (or really, ‘devolved’ BACK to) the principal form of credit conveyance in productive activities, there was an established Clearing Market for self-liquidating Discounted Real Bills that constantly truncated excessive credit expansion in economies and highly concentrated financial failures to their particular market segments where mal-investment surfaced. Had the bankers not commandeered the Real Bill Clearing System and phased it out of existence in favor of rolling Loan at Interest, instruments like derivatives would be comical superfluity.
       
      EVERYTHING about ‘Modern Money Mechanics’ is delusional self-deceit and arrogant defiance of Natural Economic Order. Which has led me to fall away from BOTH the ‘Chicago’ (long understood as a complete circus clown act) and ‘Austrian’ schools. Even though the latter is supported with far more cogent logic underlaying its tenets and maxims, … STILL … its proponents share the unstated goal common to both factions … to become the chosen ‘Experts’ of governments for ‘directing’ finance.
       
      My own view is that the only proper activity for ‘economists’ to perform, is to develop accurate and reliable mechanisms for reporting the supply-demand discrepancies arising in the myriad categories of goods and services of the world so that entrepeneurs can allocate their energies toward arbitrage to alleviate those ‘imbalances’, bringing them back into more constant rational ranges ‘on the grid’.

  10. Ugly Dog I’m a bit surprised at Willie’s actions. Not that we’re close personal friends I have gotten a response once or twice. Maybe you stumped him
    Yours is a good question.
    I cannot imagine the Fed does not have huge supplies of Euro, Yen, Yuan and other FIAT. What’s a trillion digital Euros in the server memory bank? 
      I’d think it would be made available as part of the Plunge Protection team, if not to help the country, like the $1.4 trillion shipped to the EDB, at least to  have available to destroy an adversary with their own currency. 
    Wouldn’t that be somewhat like a FOREX monetary attack. 
    This is a bit above my pay level but when any war machine armors up for war, acquiring either hard asset military gear or monetary tools, they  would have a substantial supply of the allies or enemies assets just in case it came in handy for an attack, false flag action or even to help an ally in need.  Just thinking out loud but it makes sense to me. 
    Today an ally can become an enemy or vice versa in a moment’s notice.  Given the currency wars being fought all over the globe, it’s like a battle with a 360 degree front. Bernanke may be insane but he’s not stupid.

    • Not stupid? lmao debatable, why else would we have QE to infinity

    • I believe the real Hat Trick is for the FED to continue and hide the amount of money its created and debt bought in the last decade.

    • Most people still think TARP was $700B. It wasn’t, it was over ten times that amount, or $11T+. That money bailed out banks worldwide.
      The FED is doing whatever they want, and have been for decades. There is ZERO oversight by Congress or anyone else for that matter.
       

  11. I can see your point Ed. I was thinking more along the lines of the MMA that broke the buck when their Lehman tranches failed   The entire asset base dropped below the $1 level and as I recall, the treasury or fed came in with some rescue money to bolster the balances. The fund dropped about 3% or so and there was no way the management of this MMA had the funds to make up the losses. I think it was in the hundreds or millions to low billions.\
    Whatever the specifics of the situation at the time, it terrified the government and Feds.
    They went into crisis mode to prevent what you state clearly. 
    the owners of shares would run like rabbits unless they were forced to do a bail-in and rescue the fund.  My question would be?  where would they flee.  When the FDIC ramped from unlimited to $250,000 about $130 billion went to MMAs, who were left wondering what to do with this windfall of cash.  ZIRP or NIRP was the choice. 

  12. “…and as I recall, the treasury or fed came in with some rescue money to bolster the balances. The fund dropped about 3% or so and there was no way the management of this MMA had the funds to make up the losses.”
     
    I guess I was thinking of the BIG custodians, like Vanguard, Fidelity, and Schwab who could throw a billion or more into their MMA fund to bolster it against losses that would break the buck.  This is a far more serious issue to a custodian than the MMA money lost.  But, the world is changing and who knows what will happen next or what custodians will be willing and allowed to do to resolve such issues.
     
    “the owners of shares would run like rabbits unless they were forced to do a bail-in and rescue the fund.”
     
    The custodians would resist that kind of move too.  Yes, they have funds and services that they sell but their biggest attraction to investors is stability and trust.  Both must be maintained or terribly serious consequences will result.  No custodian wants to deal with a complete loss of customer faith.  If that happens, it is game over for that custodian.
     
    “My question would be?  where would they flee.”
     
    In blind panic, my guess would be almost anywhere else… even the Mattress National Bank would be better.  ;-)

  13. HAPPY BIRTHDAY!   (Gold confiscation 05April 1933)

  14. @PAT FIELDS:    “A careful and meticulous dissection of Mr. Willie’s pieces (exactly like his cohorts, Rickards et. al.) promotes unquestioning expectation of this ‘new currency’. Indeed, this is to be rejoycingly welcomed! Meet the ‘new’ boss, same as the old boss! Well, I AIN’T GONNA TAKE IT!” 

    Totally agree. Goldman-Sachs West is shutting down operations(NY FED/BOE/ECB). Goldman-Sachs East is starting operations (BRICS/BOC/Bank of India).
    http://theinternationalforecaster.com/International_Forecaster_Weekly/What_Will_Happen_in_Durban (March 23, 2013) ” the BRICS are a rapidly rising force on the world stage, they started off as inauspiciously as ny international political organization can: as an idea in a white paper from Goldman Sachs. “BRIC” was originally the brainchild of Jim O’Neill, the bank’s chief economist, in a paper entitled “Building Better Global Economic BRICs” back in 2001. The idea was that “the Big Four” of Brazil, Russia, India, and China had arrived by that point at a similar state of economic development: emerging markets with large populations and room for explosive growth over the next 10 years. As it turns out, the prediction was not only correct (combined BRIC share of global economic output rose 6% in the first 8 years of the decade), it was transformational. In 2003, the Government Sachs boys released a projection of the global economy in 2050 that built on the original BRIC paper. It projected that within 34 years, the combined GDP of the BRIC countries would surpass the G7 economies. This lit a fire in the international corporate world and the concept exploded into mainstream financial discourse.

    Goldman-Sachs East is the brain child of ZIONIST Henry Kissinger. Further brought on by the Bush I, Clinton, Bush II conspiracy. Clinton was a Rhodes Scholar and therefore is a ZIONIST protege. We, the American People, were warned —



    .

    Not sure how this is going to play out — it wont be good. But rest assured Goldman-Sachs East is going to come back and buy America for 10cents on the dollar. This is the final loop — complete enslavement of the human globe by the Rothschilds.
     

    @Proverbs 1616
    “Willie should support Israel and forget the ethnic background of Bernanke… Greed is a universal human trait, (some of the most greedy people you’ll meet are Chinese and Russian mafiosos ha!).
    So let’s get over this anti-Jewish/Israel thing.”
    Please watch this video — http://chasvoice.blogspot.com/2013/03/where-have-rothschilds-disappeared-to.html

    This will provide the answer to Willie’s justified criticism.

    The answer is to question everything and then make reasonable analysis. There was a time when I gave whole hearted support to Israel. Not anymore. The United States of America is my sovereign country. Any and all policies which are not in the best interest of the citizenry need to be abolished. I am sure you would agree that our country has been commandeered and that the original tenets of the US Constitution have been thrown the wayside. This is due to the Rothschilds network.

    A deliberate, intentional, thoroughly planned, well executed plan to enslave all of mankind.

    The City of London is the epicenter of this network (http://www.vanityfair.com/society/2013/04/mysterious-residents-one-hyde-park-london ) for hundreds of years ( http://theinternationalforecaster.com/International_Forecaster_Weekly/Central_Banks_Controlling_the_world_since_1694 ) with Washington DC and our childrens blood serving as the military arm for this network.

    Please read the Balfour Declaration which predicted the State of Israel in 1924. It only took WWII and the demise of about 30 million people for Israel to come to existence. Oh by the way — how do you get rich? Fund both sides of the war. Germany (funded by Prescott Bush), Russia (funded by Rothschilds), England (funded by the Bank of England — Rothschilds own it. Along with the Queen of England), United States (funded by the Federal Reserve — Rothschilds own that. Along with the Queen of England as well).

    And now we are entering into the final playbook of the Rothschilds Network started by none other Henry Kissinger back in 1971 with the Nixon/Kissinger visit. The last bastion of freedom for the world was the United States. Not now. It was deliberately and intentionally brought down by the Rothschilds Network. The Bush’s and Clinton’s are part of the Rothschilds Network. And so is Obama. (Clinton is a Rhodes Scholar – which is funded by the Rothschilds).

    The ‘New Threat’ is China/North Korea. Again how do you get rich — fund both sides of the war. Create the threat- transfer jobs/transfer chip technology/money to China. Allow China to militarize. Presto chango — new threat to keep us in fear. Dont think that Kissinger, Bushs, and Clinton didn’t have backdoor deals along with the Rothschilds to get their cut from China. Now that the US is destroyed — the whole world will be owned by the Rothschilds/Rockerfellers and their friends.

    The Rothschilds US Network knows that the citizenry are not going to take this lightly. And that is why the Zionist DHS Chief Janet Napolitano has purchased 1.5 BILLION Bullets and 2500 Armored Vehicles. Not to mention DRONES scanning the skies, every data bit created is monitored (cell phones/emails), and a whole slew of crazy and ILLEGAL Executive Orders/Laws are being pushed through. We are literally at the footsteps of the LAST AMERICAN PRESIDENT ( http://www.thecommonsenseshow.com/2013/01/28/the-last-american-president/ ). 

    Don’t believe this — look at Norway. My grandfather was born in Norway and came to the US in 1901. So I am especially fond of my grandfathers homeland. Norway came under the wrath of the Rothschild Network. Their Sovereign King and Parliament received its wrath. Norway– a. recognized the country of Palestine ( http://prof77.wordpress.com/2011/07/22/norway-to-recognize-palestine-then-oslo-bomb-explodes/ ), b. withdrew funds from the Greek Bailout Plan, c. and withdraws from Zionist Member Hillary Clintons Illegal NATO Libyan Operation ( http://thinkprogress.org/security/2011/06/10/242539/norway-announces-withdrawal-from-libya-campaign/?mobile=nc ). THE RESULT — a bomb blows up outside of the Prime Ministers Office killing two. Then a kids camp has an assassin go to it and kill about 65 children. Guess what? The kids camp was the Ruling Parties Children.

    I am sure that a lot of countries got the message. Even the latest Jim Willie interview has a comment in it that Norway had MI-6 written all over it ( http://sherriequestioningall.blogspot.com/2013/03/jim-willie-what-is-really-going-on-in.html ).

    All of this is a scam on humanity. I live outside of the United States. I live and work with people from all parts of the globe on a daily basis. Sometimes I watch CCTV4 with a chinese friend. About five times a day CCTV4 shows a military segment featuring Korea/Japan/US military forces. And every day my friend says to me ‘your country attack my country’. Try to explain the difference between the American People and the current zionist psychopaths running our country to someone whose primarly language is Mandarin. Even the Chinese government is setting their people up for a war. 

    Nonetheless — I know for a fact that we could solve the majority of the worlds problems in a few weeks. I also know that I could run the United States by picking about 50 people randomly from a phone book. Surely we could do better than the current zionists running the show .

    And for what it is worth — Mitt Romney’s Presidential Advisory Team was also filled with about 15 dual-citizen Israeli Americans. Why does Secretary of State John Kerry (real name Kohn) pretend to be Catholic, when he is Jewish? His wife Teresa is Jewish (Heinz/Theirstein), his brother is Jewish. His children are Jewish. Now the entire State Department is Little Israel… Nuland, Rosenthal, Sherman, Goldberg, Shapiro, Lanier, Witkowsky, Posner, and the rest of the family. Now America is 100% dedicated to the welfare of Israel and not America. ( http://www.economicrant.com/backissue-detail.php?id=157 ) Janet Napolitano is also a Zionist.

    “We shall have world government whether or not we like it. The only question is whether World government will be achieved by conquest or consent.”~ James Paul Warburg, Chairman of the Council on Foreign Relations, 1921-1932, before the U.S. Senate, February 17, 1950.

    Sixty-three years ago and they have almost succeeded.

    Tea Party members love to say things like, “Obama’s cabinet is full of Muslims”. His cabinet has 22 members, and not one of them is a Muslim (or an Arab). One man is a Lebanese Christian. There are 8 Jewish members of his cabinet, which is 38%. Only a 2% Jewish population so this is 1,400% overrepresented. No Muslims though. The Supreme Court has 3 Jewish justices. This is a 1,500% overrepresentation. We could bring up the Council on Foreign Relations (CFR). There are only 1 in 500 Jewish people in the world, yet the CFR is 1/3 Jewish. This is 15,000% overrepresentation. You read that right- 15,000%. Hillary openly admits she takes her orders from the CFR along with the rest of Congress and appointed officials. The Bilderbergers are another extremely powerful and influential group.

    The Rothschilds/Rockerfeller Network is what needs to be exposed to people from all continents and countries. Maybe then the removal of the people in the network and replaced with honest people could we effect change. This could be done without having a civil war in each country. Peaceful transition — without bombs or bullets. 

    Please consider the difference between Judaism and the Zionist Network. We are at the crossroads for humanity. The sand in the hourglass is disappearing as the Elites create this fake crisis in North Korea to ring mankind around by the nose. The Iran crisis is also fake ( http://dont-tread-on.me/?p=29044 ). Truth is North Korea and Iran are trading partners. If Iran wanted a bomb — North Korea could have handed them one a long time.

    In conclusion — Willie is lambasting the Rothschilds Zionist Network. This Network is vast, corrupt, and powerful. It is also long-lasting. He is not talking about the little old lady going to synagogue in Jerusalem or even Chicago.  This is part of the cards that they use to squish criticism. We are all unknowingly playing into it.

    “To learn who rules over you, find out who you can’t criticize.” -Voltaire. Now ask yourself which country, which race, which religion you cannot criticize. Three guesses, and the first two don’t count.
     
     

    • @VIPER131
       
      Okay, I’ll stipulate strictly for the sake of argument that a Jewish Zionist cabal has infiltrated the entire world’s banking system and bought out the entire world’s governmental centers of influence with their private banknote ‘money’.
       
      So … what’s your ‘solution’? Is it the infamous ‘Final Solution’ bloodbath? If so, you can count me among your mortal enemies. On the other hand, if you’ve contrived a systemic sequence of counter-measures designed to achieve a tactical end to the MEANS causing our subjugation, then I’m all ears! You’ll command my rapt attention, eagerly hanging on your every syllable and breath of pause.

    • Solution?  We don’t need no steenking solution!  That would spoil a perfectly good rant!   lol

    • TEA Party said what? The TP contains the last vestige of the educated, hard working, play by the rules, segment of our society. They have delayed much in DC. They have been slandered with bigotry of all types. It is the TP, the Free Americans that they fear most thus the unprecedented attacks to smear the movement. As far as the zionist stuff, bovine sewage. Their are conspirators of every nation, every religion, every race, whom have loved money more than our Creator. The 72 books of the Latin Vulgate stand against all attacks.
      Divine Mercy Sunday is so close… I flee to Thy protection oh Lord, for You are my Refuge and my Fortress. 

    • Your post is a complete waste of screen space.

    • good post viper. Apologists have trouble reconciling such things go, even people who consider themselves “woken up” and aware of manipulation in the financial markets.
       
      Then we throw in a reference to the holocaust and suddenly we’re all anti semites. Let’s get our heads out of the sand and realize the global elite ( the financial arm of which is unquestionably jewish ) is in the midst of a final solution on every goddamned one of us.

  15. US investment banks are draining the official inventories of the government because they know that we all have enough Gold in our piggy banks to confiscate if need be.  That doesn’t sound like a very good idea to me.  The dollar isn’t going to roll over and die any time soon either.  It’s mad money.  That’s what it is.  

  16. We are going to have to remove the heads of the big banks, and the heads of governments that prop them up. Take your pick of method….

    • First, a wooden stick through the heart…if you can find it.  Then, decapitation and casteration.  I believe that will suffice.

  17. Crash And Burn.

  18. Kaboom! HIT with a BRIC ! Massive Head TRUMA  for the wicked luciferians what’s next war?

  19. Where is the disconnect? My dealer can ship me any quantity of gold at current prices, if private buying would be at $2000, why are premium on Sprott funds not higher, as it is possible to have your gold delivered through these ETF’s. Sorry, but if premiums would be that high, Comex would already be empty, and this is clearly not the case. Maybe demand is temporary higher, we will see next month if it stays that high.

  20. Mr. Willie does have a flair for projecting imminent worse case scenarios.  Doom is on the horizon somewhere.  Personally I’m a proponent of the Congressional Budget Office’s Extended Alternative Fiscal Scenario.  First they came for the IRA’s and 401k’s but I didn’t have either of them so I stacked more metal.  Next they came for the deposits of savers but since my exposure to fiat was minimal I stacked more metal.  When they finally came for the metal I had already cashed out and bought a bistro or bike shop or whatever and stayed ahead of the curve the whole way.  I did manage to lose my 1955-D quarters in a boating accident though.  

  21.  
    I was in Bangkok today, china town, let me tell you every shop was packed with people buying gold, could not believe my eyes, I truly believe this smack down by the cartel, is so they can buy up whats left before it runs out at a great price, folks its running out, tomorrow the Chinese will be back at work buying up by the tons.
    Buy buy buy
     
     
     

  22. I don’t know why this article got reposted today when Willie has a new one out.
    http://news.goldseek.com/GoldenJackass/1367352000.php

  23. Bangkok Thailand
    Gold shops are doing great business, gold bars are in short demand.

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