In this interview with Karen Hudes, Professor Antal Fekete discusses the “red alert” for collapse of fiat currency – gold backwardation as measured on spot and futures markets, an end of bullion leasing in July 2013, and disappearing gold from the Comex market. A power transition model, with 95% accuracy, predicts that gold in the global collateral account, “cloaked in secrecy” is coming out of hiding for its legal beneficiaries–humanity. [Read more...]
This time, the Federal Reserve has created a truly global problem. A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets. But now that the Fed has decided to begin “the taper”, investors see it as a sign to pull the “hot money” out of emerging markets as rapidly as possible. This is causing currencies to collapse and interest rates to soar all over the planet. Argentina, Turkey, South Africa, Ukraine, Chile, Indonesia, Venezuela, India, Brazil, Taiwan and Malaysia are just some of the emerging markets that have been hit hard so far. In fact, last week emerging market currencies experienced the biggest decline that we have seen since the financial crisis of 2008. And all of this chaos in emerging markets is seriously spooking Wall Street as well. The Dow has fallen nearly 500 points over the last two trading sessions alone. If the Federal Reserve opts to taper even more Wednesday, this currency crisis could rapidly turn into a complete and total currency collapse.
I hope that you are ready for what is coming next.
The systemic breakdown has become widely recognized.
Systemic failure and widespread sovereign bond default is no longer avoidable, nor is big bank failures. The breakdown failure will begin to occur in earnest, with acceleration, in year 2014.
The Global Currency Reset is a euphemism for the Return of the Gold Standard, which will seethe Gold Price will rise to $3000/oz. [Read more...]
Jim Willie’s Stunning Claim: The Game is Over. King Dollar is Dead! – Gold to $7,000 Silver to $250+!
Many analyst writers choose the Black Swan analogy to describe deeply ominous events in progress, with little forward notice. The analogy simply does not fit anymore, as an armada of black swans is more appropriate, spotted on regular and frequent sightings.
The US financial fortress died in September 2008.
The Grand Paradigm Shift is in progress. My sources indicate that 5000 metric tons of Gold bullion moved from London to points East between April and July 2012. The flow eastward never stopped. The pace has continued. The Gold bullion continues to be shipped in enormous staggering volume.
The agreements have already been made on the new Gold Trade Settlement system with its newly imposed Gold Trade Standard. They have agreed on a $7000/oz gold price, with a similarly exalted silver price of at least $250/oz.
Decisions have been made final. The implementation is slow but steady.
The game is over. The King Dollar is dead.
James Rickards: “When The International Monetary System Collapses—It’s Going To Be About How Much Gold You Have”
In response to the continued Fed mismanagement and growing world currency war, it’s becoming clear according to Jim Rickards, that, “[Countries] want physical custody of gold…[they're] positioning for the day when there’s a massive loss of confidence in paper money…You’re seeing it with massive acquisitions of gold by Russia and China taking place through channels that bypass the London Bullion Market Association…They’re buying mines in Western Australia. They’re having the ore refined right there in Australia at the Perth Mint, and then shipping the gold straight to Shanghai. They’re completely bypassing the London market where they minimize their market impact, which is a smart move. That’s what you would do if you were trying to buy gold and not run up the price. You would do everything in secret and that’s what’s going on.”
While many still question the validity of gold, Jim notes that, “When the international monetary system collapses and it comes time to rewrite the rules of the game and create a new system…[it's] going to be [all about] how much gold you have. [Read more...]
In this MUST WATCH interview, Currency Wars author Jim Rickards states that the dollar standard is being abandoned by the United States, that it is “definitely collapsing”, and that either the IMF’s SDR, gold, or a combination of the two will become the next global reserve currency in the dollar’s place:
“A return to a gold standard is a possibility, but I don’t see that in the immediate future, I think we have to have a collapse first. A collapse of the dollar standard, and the petro-dollar deal. Then it (the dollar) will have to be replaced with something, which will either be the SDR or gold. The dollar standard is definitely collapsing … the collapse is definitely coming” [Read more...]
Gold denominated in Indian rupees just skyrocketed up near record highs, a far cry from recent dollar-gold action. Much of this extraordinary rally was fueled by the near-collapse of the Indian currency to new record lows against the US dollar. India’s deepening currency crisis has major implications for domestic gold demand and thus global gold prices. Nothing ignites gold buying like a collapsing currency! [Read more...]
The typical articles over the last many years have featured a particular theme. In the last few months, the central theme in Jackass articles has been the isolation and demise of the USDollar, how it is happening, why it must happen, and its importance in the restoration of the global financial structure. But this week, a sudden urge has come to address an overwhelming list of critical gritty questions. They crop up with clients, colleagues, and friends.
More than a crisis, it is more accurately described as a collapse of a corrupt inequitable monetary system, and a desperate defense by the major Western bankers to preserve their power over nations and their governments, alongside a vile vicious violent attempt by the United States to maintain its privilege as owner of the vast USDollar counterfeit machinery, as controller of vast banking pillars of paper columns, and as commander of a vast military.
THE UNITED STATES IS PREPARING TO FALL INTO THE THIRD WORLD.
Paul Mylchreest has released the December Thunder Road Report, titled Inflationary Deflation: Creating a Bubble in New Money. The report is 75 MUST READ pages detailing the END GAME to the largest debt bubble in the history of the world: a massive cost-push hyperinflationary collapse of the US dollar.
This is the biggest debt bubble in history. Each time DEFLATIONARY forces re-assert themselves, offsetting INFLATIONARY forces (monetary stimulus in some form) have to be correspondingly more aggressive to keep systemic failure at bay. The avoidance of a typical deflationary resolution of this Long Wave is incubating a coming wave of inflation. This will not be the conventional demand pull inflation understood by most economists.
The end game is an inflationary/currency crisis, dislocation across credit and derivatives markets, and the transition to a new monetary system, with a new reserve currency replacing the dollar. This makes gold and silver the go-to assets for capital preservation.
Full 75 page December Thunder Road Report below: [Read more...]
GoldMoney has released an interview with Chairman James Turk about his study of the above-ground global gold stock, gold’s role as money, and the coming fiat currency collapse. They discuss the discrepancies between official gold stock figures and the study’s carefully calculated figures, going all the way back to Roman times and using the year 1492 as a pivotal calculation point — which was when the Spanish Empire began its imports of gold deposits discovered in the Americas. In contrast to the widely referenced number of 171,000 tonnes of above-ground gold, James’s study suggests that it is actually closer to 155,000 and therefore overstated by about 10%.
Full interview below: