Gold And Silver – Be Prepared For A Weekend Surprise!

bank-holidayThe catalyst will not be how much gold China owns.  The catalyst will be the fall of the petrodollar Once that happens, checkmate elites.  Game over US.  Gold and silver, rise to your natural relationship between supply and demand, no longer being
artificially suppressed.
Watch out for weekend surprises.  When people least expect, and/or are in a position to least react, some kind of announcement could be made that devalues the fiat Federal Reserve Note
These are the reasons why we keep exhorting everyone to buy gold and silver.  Price is immaterial, having it is all that mattersHaving gold and/or silver is what will keep you financially viable when this country falls apart, and fall apart it will.  
[Read more...]

Jim Willie: US Dollar Funeral At Hand!

Willie dollar deathA 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. 

[Read more...]

Jim Willie: US Dollar to be Reduced to the Dustbin of History

bottom of the barrelIn this MUST LISTEN interview, Jim Willie discusses:

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...]

The Insanity Of U.S. Energy Independence & Cracks Beginning To Appear In The Natural Gas Industry

crack srsrocco collapseThe notion of future U.S. Energy Independence will seriously disappoint the market and American public.
This strategy of energy independence put forth by the energy industry and U.S. Govt may buy some time for our anemic economy and the U.S. Dollar, but will back-fire in a big way when overall oil and gas production declines much sooner than expected. [Read more...]

Jim Willie: Gold Standard Will Return- It is Coming. It Will Shake the World

return of the kingAn important backlash is coming to the perverse USFed monetary policy.   An urgent call for global action has been seen in the G-20 and BRICS nations.
The Iran sanction workarounds are to serve as the prototype for gold trade settlement.
Shanghai will set the oil price in Yuan terms.  China will insist on making oil payments in their own Yuan currency.
Russia will service the oil demands to Europe and Asia
The Saudis will comply with Yuan payments and any other major currency in payment.
OPEC will fade while the NatGasCoop will rise under Gazprom leadership
Europe is caught in the middle, but will eventually turn to Yuan and Ruble payments for oil shipments.
The death of the Petro-Dollar is in progress.  Shock waves will force a new Split Scheiss Dollar.

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.

The World Slowly Waves “Good-Bye” To The Petro-Dollar

jim willieIt has been the global use of the dollar to settle all OPEC oil trades using the U.S. dollar that has kept the dollar from losing its reserve status ever since Nixon closed the gold window in 1971.  Essentially this factor has kept the dollar propped up for a lot longer than it should have been.
By imposing its imperialistic will on the rest of the world, the U.S. is undermining its sole source of power – the reserve status of the U.S. dollar. [Read more...]

Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar

China goldThe former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.  Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system.  And considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the U.S. government has been going into debt, it is hard to argue with his logic.  Why would anyone want to trust the United States to continue to run things after how badly we have abused our position?  The United States has greatly benefited from having the de facto reserve currency of the planet for the past several decades, but now that era is coming to an end.  In fact, the central bank of China has already announced that it will no longer be stockpiling more U.S. dollars.  The rest of the world is getting tired of playing our game.  Our debt is wildly out of control and we are creating money as if there was no tomorrow.  As the rest of the world starts moving away from the U.S. dollar, global power is going to shift even more to the East, and that is going to have very serious consequences for ordinary Americans.
On the global economic stage, China is playing checkers and we are playing chess, and we are getting dangerously close to checkmate. [Read more...]

Iran Sanctions Bites the US in the A** as Iran Responds With Petro Gold System!

jim willieSince June of 2012 I’ve been talking about Iran circumventing SWIFT and though it hurt their economy, initiating devastating inflation and great harm to the Iranian people, Iran has taken the hits from the sanctions but founded what could now be called the PETRO GOLD system.  It’s allowed Iran to sell oil to China, India and Japan for gold.
Iran was able to ship oil in shadow tankers, GPS turned off, receiving wheat, edible oils and gold in exchange. Dubai was a laundering point for the gold along with Turkey as a transhipment point the gold payments.
Iran proved this system worked and it dovetails nicely into China’s plans. This may have been one of the most important puzzle pieces that came out our sanctions.
The jailer may find he is a prisoner of his detainees when sanctions reverse course and bite the US in the a**. [Read more...]

The Decline And Fall Of The Dollar & The USA

dollar burningThere is currently a crime in progress. Your time and labor is being stolen from you as you read this. But this crime is not localized. It is happening around the globe.
The crime in progress? The fiction known as the US dollar.
[Read more...]

Jim Willie: The Petro-Dollar Sunset

jim willieWith this week’s 600+ ton gold repatriation announcement by the Bundesbank, Germany certainly appears to be taking Jim Willie’s advice to heart that those who exit the USdollar system first will be the leading nations in the next global economic chapter.

By Jim WillieGoldenJackass.com

The day is nigh where the Saudis accept non-US$ payments for crude oil. They might first accept Chinese Yuan, then Japanese Yen, then Korean won, then Gold itself through big Turkish bazaars.
The Petro-Dollar is being isolated for sunset, and what will be a key event is the removal of the USDollar as center for global trade settlement.

Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally.

Those nations that stick with the crumbling USDollar system stubbornly will find a horrible fate with devastating effects, rampant economic damage, broken financial markets, sputtering credit engines, tremendous loss of wealth, wrecked supply lines, poverty spreading like wildfire, ruined political structures, social disorder, isolation from the rest of the world, and a fast ticket to the Third World.

[Read more...]

Turkish PM: ”The World Should Consider Switching From the Dollar to Gold”

AA Photo

Speaking at the Bali Democracy international summit over the weekend, Turkish PM Recep Tayyip Erdoğan blasted the IMF’s role in the global debt crisis, stating that  “It is thought-provoking that the IMF is not using gold as a global currency’‘ and that “One would wish that the IMF would help the countries in trouble, but this is not the case.

Not content to stop there, Erdoğan likely placed a target on his/Turkey’s back when he stated that the world should flee the petro-dollar for gold: The world should consider switching to a monetary unit such as gold, which is at the very least an international constant and indicator which has maintained its honor throughout history. This is something to think about.
[Read more...]

Petro Dollar Going the Way of the Dodo Bird as China Begins Selling Oil Using Yuan

The dollar’s death by a thousand cuts just sustained a few hundred proverbial slashes as China officially announced Thursday that the international banking and payment transfer system is ready for any nation in the world to begin accepting the Chinese Yuan as payment for oil.

Combine the Chinese announcement with Thursday’s open-ended and unlimited quantitative easing announcement by the Fed and the dollar is dead. [Read more...]