“A systemic Lehman event is in progress…”
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In this MUST LISTEN extended interview, Hat Trick Letter editor Jim Willie forecasts why the Chinese are set to take over the daily gold fix (particularly in the wake of last week’s London silver fix fiasco), and are set to announce RMB gold futures contracts…
The USFed is so strapped, so deeply under siege, so overwhelmed, that it requires urgent help from the USDept Treasury.
So they have expanded QE to become Double Barreled Hidden QE to Infinity.
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 $400 per ounce. In reaching these levels, the ratio will return to the 25-1 range. Several steps have been laid out toward the return of proper price to precious metals.
The steps will each involve a quantum jump in the Gold & Silver prices. The process will take a few years, but might be breath-taking in speed once the process is begun.
The steps involve:
Three trigger events are likely to occur in the next few months. All three are extensions of the death of the USDollar, which is manifested in its rise. Like a balloon it will pop. The system will not be able to withstand the shock. Systemic breakdown will give way to failure of the entire monetary system upon which the USDollar rests. The Gold Standard will be urged on, first in trade, then in banking, finally in currency. The USDollar will be swept aside, its rubble put in the dustbin of history, the memories likened to Rome during the Nero period.
When the next crisis hits, it will be five times worse than the Lehman event within the United States in 2008.
-The history of the Iraq war and who took their gold
-Where Libya’s gold is today
–Will the King Dollar cartel allow it to not only crash, but vanish? Jim says, “the dollar is dying”
-Will we get a gold backed dollar? Why would the criminal ‘boys’ back the dollar with stolen gold?
– The BOA near default?
– And details of Jim’s take on the why’s of silver price smashes and his forecast for the metal.
2 MUST LISTEN Hours of the Golden Jackass Below:
The 9/11 event was the coming out party for the American Fascists.
It was also a complex sequence of criminal events, to abrogate $230 billion in Russian bonds, to wipe clean the Black Eagle Fund on gold obligations.
But in the immediate, it was a bank heist: