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. [Read more...]
For the last 30 years we’ve been exporting price inflation. Now we’re going to import 200% price inflation. This is going to be a nightmare of price inflation and product shortages, you will have violence at the supermarkets, at the gas stations, and at the ATM machines- Martial law is a guarantee!
Jim Willie discusses the implications of Russia stopping trade via the dollar, and calls for HYPERINFLATION, SHORTAGES, & RIOTS to hit the US in his latest MUST LISTEN interview below: [Read more...]
A global clash of nations is underway in full gear. The time is finally right. The urgency is acute.
The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in particular the robot sock puppets of the Untied States, see the end of the USDollar. They appear to wish to lay blame on Russia for the death of the dollar.
The global rejection began with the Iran sanction workarounds, where India bought Iran’s oil & gas, but paid with Turkish gold, delivered to Tehran banks. The global rejection will achieve escape velocity with the acceptance of Russian Rubles for its energy products. The global rejection will achieve additional escape velocity with the acceptance of Chinese Yuan payments for Saudi crude oil (then all OPEC oil).
Coming is the launch of both the gold-backed Russian Ruble and the gold-backed Chinese Yuan. The global rejection will be final, and the funeral will be announced.
1. The Ukraine turmoil and Russia and China’s coordinated Financial and Commercial Response to the threats of the West led by the US
2. Though most of the Non-Western world is backing Russia, there are 3 countries in particular that will play a key supporting role in this new ‘cold war’, and at least two of these have been strong allies of the US in recent times.
3. Jim gives his insight into what he sees happening to US treasuries and the US dollar, and the Petrodollar in the short and long term.
4. Jim forecasts a ‘Split’ dollar, a domestic dollar, let’s call it the Republic dollar, and dollars held outside the US will become ‘International’ dollars.
5. The pressures that Jim sees placed upon the Domestic dollar and it’s near instantaneous 33% devaluation
6. The coming BARTER System for settlement of international trade, reducing the US dollar to the dustbin of history.
A full 2 hours of Jim Willie at his finest are below: [Read more...]
Financial newsletter writer Dr. Jim Willie thinks 2014 will be a pivotal year for the U.S. Dr. Willie says, “We’re going to end this year with no resemblance to the beginning. We spent a lot of years trying to hold this thing together. . . . Now all the QE and bond purchases are causing some major problems, breaking major economic structures. . . It’s all breaking, it’s all breaking and they are having a tremendous problem holding it together. Now the whole Eastern World is rebelling against the dollar.”
Dr. Willie predicts gold and silver are about to move in a BIG WAY: “They are going to move it to $5,000 to $7,000 an ounce, and silver $200 to $400 per ounce. Because all the world’s central banks are going to need gold they are going to sell Treasury bonds to buy gold to make for a solution to their banking systems. What’s the solution? It’s legitimate reserves, hard asset gold reserves.”
In closing Dr. Willie predicts, “I think you are going to see by the end of this year that the dollar is mortally wounded and Treasury bond regarded as toxic paper.”
Join Greg Hunter as he goes One-on-One with Dr. Jim Willie, Editor of “The Hat Trick Letter” which can be found on GoldenJackass.com. [Read more...]
The birth of the Eurasian Trade Zone is nigh.
The Gold Standard will return, not in bank transfer platforms or currency trading platforms, but in peer-to-peer transactions made in settlement. The world demands a new payment system, an alternative to the deeply flawed USD-centric current system. Even effective viable barter systems are to emerge. It is coming. It will shake the world.
Ukraine is the Waterloo event for the USDollar.
Jim Willie: Russia to Demand Rubles or Gold for Oil, US Dollar Will Decline By 80% in the Next 3 Years!
The Hat Trick Letter writer Dr. Jim Willie contends that the real problem for the West will be paying for oil and natural gas in something other than dollars. Willie warns, “What’s likely to come very soon is Russia is going to demand either rubles or gold bullion for their crude oil and their natural gas. . . . I don’t think it would be a shock to see the Russians come out and say we’ve got over 20,000 tons of gold, and we are going to back our ruble with gold. Screw the dollar. I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own close to 40,000 tons of gold. They are going to have a real currency and do a real global reset and have a real return to the gold standard and screw the dollar with all its toxic sovereign bonds. One of the principle foundations of the dollar is not gold, it’s the military. We’re seeing it now.”
Dr. Willie predicts we will see a shocking “80% decline in the value of the U.S. dollar in three years.”
Yesterday we reported that Steve Quayle’s banker source “V” has informed him that the recent rash of banker “suicides” are part of a hit list that includes dozens of bankers including a supposed high level Citi executive.
Today, none other than Jim Willie himself has provided SD readers with an exclusive report on the banker deaths, which has now increased to 5 in the past week with American Title CEO Richard Tulley found dead of “self-inflicted nail gun wounds“.
The Golden Jackass states that the suicided bankers had flipped during prosecution investigations, and were assassinated to prevent insider testimony of bank fraud from reaching the prosecution.
Willie, who recently sat down with The Doc for an exclusive interview revealing the “Smoking Gun” proving gold rehypothecation by US officials, emphasizes that we are NOT seeing bad bankers removed, we are witnessing bankers taken out who are on the verge of revealing BIG DATA details.
Willie’s full alert on Wall Street banker suicides is below: [Read more...]
“There will be no easy heads-up alert on the quick changes to the gold market. When the gold price starts rising, it will mean that China no longer has been given the big wide berth in high volume cheap gold purchases. A rising gold price will internally mean that the banks are breaking, at the same time the Chinese are to be frustrated. The Boyz are stealing all the Saudi gold now, left unprotected in London and Switzerland. The Saudis (and all Arabs) are the new targeted victims for stolen wealth in order to keep the system going. A massive disruption is coming.”
The rehypothecation of official gold accounts has entered a new phase. The gold owned by defenders of the Petro-Dollar is being seized, confiscated, pilfered, and stolen for the unspoken purpose of continuing the fiat paper currency regime with the tainted debauched USDollar at the center.
The Saudi gold in London will be totally gone in a few more months. To be sure, it is going mostly to China.
The Saudis are being gutted. [Read more...]
Jim Willie, editor of the Hat Trick Letter joins the FSN an extensive interview. He says that Syria and the Ukraine are really all about the pipeline wars. Gazprom is pushing aside OPEC’s monopoly and the West’s effort to stop it. Willie believes that Venezuela is what the US will look like in the future, criminality, inefficiency and corruption.
On the financial front, the seismic waves of destruction for the US Dollar are coming more fast and furiously. From Cyprus, to German repatriation, to LIBORgate, etc. How much longer can’t be accurately forecast, but things are certainly heating up.
China’s financial system is on edge, but their gold reserves (15,000 tons) will enable them to crater their paper system, along with the dollar, thereby putting them in charge of the resulting gold-based economic system.
If it sounds scary, that’s because it is. Jim sees shortages and civil unrest in the US, when it all comes to pass. Buckle your seat belt and get prepared now! [Read more...]
The Global Paradigm Shift is in full swing. The Global Currency Reset is near, better described as the Return of the Gold Standard. The Iran Nuclear Talks will proceed to conclusion, better described as the Petro-Dollar Surrender Talks with nuclear proliferation rider agreements.
The last chance is Gold & Silver, since what comes will be like a mighty storm. In its wake, the only wealth standing will be gold, silver, resource deposits (energy, minerals, water), and farmland. Time is running low for the many citizens of the United States and the other nations of the world to wake up and benefit from their own epiphanies.
It is very late, far past the eleventh hour.
The Global Currency Reset looms.
The solution within the global currency reset is the launch of the new American Dollar, for its own usage, no longer a global reserve currency.
The United States is fast racking up characteristics of a Third World nation. Its finances are Third World. Its president is Third World. Its banking integrity is Third World. Its absent industry is Third World. Its decaying cities are Third World. It urgently begs for a Third World currency, but that is soon to be remedied. The nation has been a freeloader on the global reserve currency for too long.
That is about to end.
In his latest interview, the Golden Jackass discusses the Obama administration’s move to force retirement assets into the MyRA ponzi fund of toxic US Treasury bonds.
Willie states that the MyRA will be a forced government IRA and will include toxic Fannie Mae mortgage bonds, and like SD’s AGXIIK, he states that private pension funds will be targeted next! [Read more...]
The Doc sat down with the Golden Jackass himself this weekend for an in-depth interview covering the state of the gold market and the Western banking system.
Willie discusses the German efforts to repatriate their gold reserves (along with the implications of only receiving 5 tons from the NY Fed in year 1), as well as Bafin’s investigation into precious metals manipulation and why unlike the CFTC’s, it is likely to result in criminal charges.
Finally, courtesy information provided by a high level executive at one of the world’s leading private refineries, Willie reveals the ‘smoking gun‘ evidence that proves US gold was rehypothecated over a decade ago!
Jim Willie’s full MUST LISTEN interview with The Doc is below: [Read more...]