In a rare CNBC panel appearance with Bridgewater’s Ray Dalio (a strong proponent of gold) former Treasury Secy Timmy Geithner claimed “central banks aren’t out of ammunition”.
Is Gold Revaluation Next?
Has the END-GAME Begun?
BIG NEW DEVELOPMENT ON GLOBAL FRONT
Chinese finance officials and the Basel-based BIS are NEGOTIATING A GLOBAL REFORM OF ALL BILATERAL CONTRACTS. They strive to alter US Dollar based contracts, and CHANGE THE CONTRACT TERMS TO GOLD SETTLEMENT.
THE CHINESE & BIS ARE WORKING ON A GLOBAL CONTRACT AT THE $5000 GOLD PRICE…
“The power elites are now speaking openly about revaluing gold, which is just a form of currency devaluation…”
The desperation is obvious, palpable, incredible, fascinating, and unmistakable. History is being made, as the last ditch is overrun.
The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $300 per ounce.
Silver will be part of the new asset backed global currency system.
NEXT COMES A GLOBAL LEHMAN MOMENT WITH BANK FAILURES AND A THREAT TO THE ENTIRE WESTERN BANKING SYSTEM…
What an incredible insult to the banker cabal, replete with Satanists like uber-leader Rothschild, if the fiat paper currency system centered upon the USDollar is upended by China during mid-April!
Any wresting of control within the Gold market would enable the price to rise.
Refer to a doubled Gold price and a tripled Silver price suddenly.
The Chinese attack within the Gold market could hit Satanist bankers where they live, in the fire of mid-April…
In this MUST WATCH interview, Willem Middlekoop warns the end of the banksters Plan A is here, and the revaluation of gold to a level north of $8,000/oz is now inevitable…
“The Fed can cause massive inflation in 15 minutes. They can call a board meeting, vote on a new policy, walk outside, and announce to the world that effective immediately, the price of gold is $5,000 per ounce…“
Click here for full coverage from GATA’s Chris Powell:
The 2008 crisis saw the Fed use some of its tools, but not all of them.
The Fed’s most powerful tools, gold revaluation and money printing, were never employed in that crisis.
QE4, if used to fund government infrastructure spending, can be inflationary, but if the next crisis is severe, only gold revaluation will work to end it.
In the wake of the Swiss National Bank shocking the market this week de-pegging the CHF from the Euro, the Golden Jackass Jim Willie joined us over the weekend for an Exclusive Interview discussing:
- Willie explains why the Swiss are dumping the Euro in favor of GOLD, and that multi-hundred billion trading losses will result in MASSIVE DERIVATIVE LOSSES & CONTAGION!
- Swiss actions have brought a HUGE ACCELERATION of end game events–We’re looking at the potential END of the EURO!
- Swiss have front run the Global Currency Reset & GOLD REVALUATION!
- $2 TRILLION IN SUB-PRIME OIL BONDS ARE ABOUT TO EXPLODE! Contagion will be bigger than sub-prime housing crash!
- Dollar Death-Spike: Fed has LOST CONTROL of the dollar!
- Coming European bank failures will result in a STAMPEDE INTO GOLD!
- 2015 Will be a repeat of Lehman- Several Western banks will go down, This is GAME OVER!
- When Putin flips his switch, the DOLLAR IS DEAD, and Gold Will DOUBLE!
- GREXIT will blow up the EU!
One of Jim Willie’s Most Dynamic & STUNNING Interviews EVER is below:
America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day.
When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program.
This would allow China’s currency to become a competitor with the dollar.
Equally importantly, it would allow the Fed to hide the key role that a higher gold price would play, in managing US government debt that is clearly out of control.
As QE is wound down, has former Fed Chairman Alan Greenspan signaled to the world that a triumphant return of gold is on the horizon via gold revaluation?
The US Federal Reserve has been printing money since 2011 to cover USGovt debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. The Quantitative Easing programs are deceptive. When the program was initially announced, the Jackass claimed it would be part of an endless sequence. With QE1 and QE2 and Operation Twist and QE3, following the failed trial balloon called Taper Talk, it is quite clear to anyone with an active brain stem and absent rose colored glasses that the USFed is caught in a trap called QE to Infinity. It is not stimulative. Instead, the uncontrollable bond monetization causes capital destruction. It causes economic degradation. It causes lost jobs and vanished income. It is a gigantic wet blanket to smother and destroy the USEconomy slowly, amidst unending propaganda. QE is the device that will result in Systemic Failure, which is already flashing signals of its arrival.
Linking gold to a currency is always doomed to fail. The expansion of the money supply through bank lending and government deficit spending puts pressure on a fixed gold price, a pressure which can only be released by either revaluing gold at a higher price (from $20,67 to $35 per troy ounce in 1934) or by selling gold (London Gold Pool during the sixties). There is no discipline in a gold standard which links gold to the currency, it is just a matter of time before we can all agree it has failed. How long such a gold standard can live depends on the price at which the gold is fixed, how much gold there is in the vault to back up the currency and how fast the supply of currency expands. The only certainty is that it will fail sooner of later.
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.
Dr. Jim Willie, financial writer and Editor of the Hat Trick Letter, says, “I’ve been getting overwhelmed in the last month or two at the plethora, the litany of signals the financial system is imploding. U.S. dollar is in a sell-off. Treasury bonds are rapidly losing their integrity . . . and both banking and military sectors losing their global leadership.” Dr. Willie goes on to says, “The U.S. dollar and its trading vehicle, the Treasury bond, are dead . . . we have extraordinary tactics in place to keep the system going because they don’t want all the big U.S. banks to die.” Dr. Willie goes on to warn, “Banks, bonds and currencies are all on the edge of collapse.” Dr. Willie contends a global currency reset is coming. What happens to the U.S. dollar and gold? Dr. Willie predicts, “50% dollar devaluation . . . we’re going to see a doubling of the gold price overnight.” Dr. Willie contends, “The Treasury bond will be phased out and gold will be phased in.” Join Greg Hunter as he goes One-on-One with Jim Willie:
The citizens of a dying empire may need to ask themselves some key questions.
What happens if the death of the American empire is not that important to the price of gold anymore?
What happens if the death of the American empire is becoming… irrelevant?
The central bank concept is the Matrix in embodiment, but the Eastern nations led by BRICS and G-20 have a key to unlock the USDollar prison. A quick look at the Australian banking system reveals four global banks who own outsized portions, their reach extending to the largest gold producer in Oz as well. Incest is best. The fast decline in Money Velocity is the most convincing proof of the failure of monetary policy. It does not provide stimulus, but rather capital destruction. The foreign dumping of USTreasury Bonds actually accelerated this past summer, amidst the Taper Talk trial balloon offered by the hapless desperate Bernanke Fed. His legacy will be one of disproving his own PhD Thesis, since liquidity in torrents does not repair insolvency, and no traction comes to soaked ground.
A grand game of shuffling gold bars has begun, actually accelerated in a final phase. The big bullion banks wish to obscure that they are almost bone dry of gold in inventory. The COMEX will shut down from no gold, rather than criminal prosecution in a land where crime rules and treason is the syndicate bylaw.
The climax event will be the return of the Gold Trade Standard, discarding the USTreasury Bonds, converting them to Gold bullion. The early adopters and those who follow the viable solution will be the winners. Those who cling to their USTBonds and their other paper securities in indentured servitude will be the losers.
“We will go to bed with Gold at $1,500 and wake up with it $4,000 bid…and nothing offered“- Reg Howe
This quote by Mr. Howe sounds crazy. It sounds impossible and sounds like the rantings of a raving lunatic right? Well, no it doesn’t. Actually, I believe that something resembling this will not only happen but has to happen. Logically, mathematically and just pure structurally an event very similar is locked, loaded ready for the trigger to be pulled.