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Rather than stimulus, the USFed's Quantitative Easing is a death sentence
for the USDollar. It might provide an ongoing backdoor bailout opportunity
for Wall Street banks, and even a window for China to switch from long dated
to short dated USTreasurys, but QE is death sentence. It guarantees that the
USDollar will be removed from the global premises and placed in the dustbin
of history. Foreign banking systems are largely devoted to USTBonds as the
foundation for their entire reserves system. The African type of hyper
monetary inflation blessed as good and fine stimulus is a sentinel signal by
the US Federal Reserve itself, given to the Eastern producing nations who
save in the $billions. They will start a caravan to exit the USDollar in
their banking systems. They have great challenges in doing so, and must
follow a prescribed path. That path is the Chinese RMB as an intermediary
device, a transition tool. The goal is the return of the Gold Trade Standard,
which will assure the return to the Gold Currency Standard and the Gold
Banking Standard. The absent solution to the chronic global financial
crisis has been the refusal to put Gold at the apex. Instead, the big banks
have become zombies, the economies have become sclerotic, the financial
structure have been control rooms, the bond platforms have been fracturing,
while the USGovt has relied upon bond fraud, gold thefts, the printing press,
and predatory wars to defend the King Dollar regime. It is due for the
funeral pyre.
QE FACTORS
The QE initiatives are backfiring, adding incentive to the financial
markets in a sick distorted manner, but at the same time killing the
USEconomy from capital destruction. It has an equally destructive macro
effect on the global economy. The USD is wrecking the world economic and
financial system, even while the Petro-Dollar delivers equally powerful blows
from its dismantling to the contract net foundation. The macro effect from
QE is seen in hedging against the USD which is subjected to the African
monetary policy. To praise it as adaptive and effective is intellectually
criminal and abominable. Ironic that the White House has an African
resident, and the USFed has an African monetary policy, and the USMilitary
has hidden interests at the African Horn in Djibouti. But the Chinese have an
African gold connection through Congo to Dubai and Hong Kong in return
through the lower route on the distress road. The macro QE effect urges
Eastern nations to divest USTreasury Bonds in favor of Gold bullion, mineral
deposits, even energy deposits. The higher cost structure has killed
working capital and put it on the sidelines, the retired capital concept that
escapes the view of Western economists, mostly hacks and banker pimps.
The Eastern nations also have embarked in numerous large capital projects,
often called infrastucture deals. It is all hedging, diversifying,
abandoning, done in preparation.
At the micro level, the continued Zero Interest Rate Policy (ZIRP) exerts
a powerful force toward killing the USEconomy from the street level. It
assures and delivers an inadequate income for pensions and insurance firms.
The 0% rate has been in place since 2009, when the public was told it would
be temporary. The Jackass warned it would be permanent. Pensions cannot meet
their obligations any longer, and have resorted to selling their core holding
assets, often called their nut. Not a single corporate or state pension fund
has avoided serious problems. Insurance firms are more sprawling in their
structure. They cannot meet their obligations any longer, and have resorted
to selling their core holding assets, their nut. These are the strong
detrimental micro effects on financial structures. The hundreds of thousands
of private savers (like my father) have $billions stuck in bank certificates
which earn paltry sums, unless they are old from the last decade or earlier.
Worse, many banks forced older CD holders to convert to newer versions at
much lower rates, using the contract fine print (font 4). In addition, the
zero bound rate has resulted in harmful effects to entire financial market
pricing and allocation of assets.
BLACK HOLE & FINANCIAL PHYSICS
The USTreasury Bond market should be viewed as a grand black hole. It is
the last asset bubble before USGovt debt default with restructure. Many
observers of financial markets believed the US housing market was the final
asset bubble. The Jackass warned several years ago, that NO, the last great
asset bubble would be the grand USTreasury Bond market. Enter financial
physics and truly powerful forces. The USTreasury Bond is acting like a
gigantic financial black hole. All other bonds are being forsaken in order to
hold the sovereign bond from the protected exceptional nation, in addition to
many foreign currencies being forsaken in order to hold the USDollar in
safety. The USTBond black hole draws in global funds with a powerful
deceptive force. The QE is enforced while US$-based financial markets are
supported with other grand magnificent bubbles like the US Stock market. The
images below of the astronomical black hole and financial black hole are
stark. The financial version also resembles a storm drain.
The black hole is made evident in the movement of other bond types. The
corporate bonds are being sold in weak markets, in favor of moving the funds
into the perceived safer USTBonds. The high yield corporate bonds (aka junk
bonds) are in near ruins. The panicky sellers are moving the funds into the
perceived safer USTBonds in a torrent. Foreign nations are moving their
weaker currencies into the supposedly safer USTBonds also. The dismantled
Petro-Dollar derivatives are forcing redemption of the huge contracts in
USDollar terms, thus providing an artificial demand for USDollars at a time
of weakness in foreign national economies. The Emerging Market nations have
slower demand from the broken Western consumer economies. The foreign
financial firms and corporate entities are moving funds into the supposedly
safer USDollar, adding to the decline of their native currencies. A
vicious cycle has emerged, where financial factors related to the
Petro-Dollar collapse push up the USD exchange rate, while foreign nations
dump their own currencies in favor of the deeply damaged decaying USDollar
which can only be described as toxic with an African basis of integrity.
Conclude that a wide variety of economic capital is being attracted into
USTreasury Bonds. It is a black hole, the climax of the Fascist Business
Model which puts emphasis on the big banks. They never faced the consequence
of their criminality in bond fraud, contract fraud, counterfeit fraud, and
even murder to silence those who could report on the derivative losses, the
Maastricht violations, and the dirty Russian money. The nexus of most crime
has been London and New York. Vast bank liquidations will accompany the
GLOBAL RESET, thus its resistance.
BROKEN USTREASURY BOND MARKET STRUCTURE
To be sure, money is rapidly fleeing from capital usage and devotion. It
goes into USTreasury Bonds. Think of its as an African warehouse with
structural integrity problems of the worst possible kind. The QE programs and
initiatives have taken a heavy toll. They have been in place since 2012, when
the public was told it would be temporary. The Jackass warned it would be
permanent. Many are the broken structural elements of the USTBond market. To
begin with, its trading volume is down by a whopping 60% in the last two
years or less. The result has been more bond market volatility. Such
sensitivity has extended to the German Bund market as well, where they have
an opposite problem of inadequate debt to form new bond securities on the
supply side. With the eerie Euro Central Bank bond purchase program in place,
the result has been the Bunds flirting with negative bond yields due to high
demand and low supply. The Germans need to shape up and produce more debt
like the expert Americans.
The more pervasive and visible fracture feature of the broken bond market
is the general negative bank rates offered across the Western world. The
chief violators are the biggest banks. A ripe 22 nations were recently cited
to sport negative bank rates. Apparently too much economic capital has been
liquidated, no longer functioning within the corporate business sectors, and
the banks do not want the excess funds. Besides, the big banks cannot make
money lending anymore, since very few viable borrowers exist in the
horrendous business climate. If negative bank rates do not awaken the
sleepy, dopey, dullard, self-deluded, and badly educated masses, nothing
will. "Hello my name is Mike, and I want to pay your corrupt broken
insolvent bank to hold my money in an account, which is considered an unsecure
credit which you can seize at your whim." Yeah yeah, like that!!!
(totally insane, far from normal)
Many are the broken pieces in the USTreasury Bond market. It is a gigantic
bubble, the biggest in modern history. Given the dominant USFed presence, the
legitimate buyers and investors have been driven out. No prudent strategy
would have bonds invested in instruments supported by Third World hyper
monetary inflation policy, even if deemed wondrous, even if blessed as
stimulus, even if pronounced as good. The major bond investors have long
ago sold out to the USFed, which has accumulated a $4.8 trillion heaping pile
of toxic paper that nobody wants. The USFed has become the USTBond market,
the buyers long gone. The value of a toxic paper mache monster pig pile
is spurious, probably zero. When burned down to its base elements, it will
show paper ash, ink, and metal filaments, nothing more. Consider some broken
pieces.
The REPO market flirts with negative rates. Medium and large sized
companies use the REPO window to lend USTreasury Bills typically, and some
high rated corporate bonds, in return for short-term loans. Imagine IBM or
Walmart trading $1 billion in USTBills for a 3-week loan. Too many such
short-term funding loans have come to the Fed's REPO window, leading them to
reduce the rate offered into negative territory at times. The companies must
pay for the privilege. Call it the flirt with negative.
The Dollar Swap window is another important feature of brokenness. Medium
and large sized foreign banks and financial firms use the Dollar Swap
facility (much larger than a mere window) to complete large loans. The
window gained much attention in late 2011 when it became known that the
Trichet Euro Central Bank had borrowed $2.3 trillion in order to keep the
damaged big European banks afloat after the PIGS sovereign debt wrecked their
banking systems. In the past year, the big factor has been redemption of
broken derivatives. The two major types are the Petro-Dollar and the Interest
Rate Swap contracts. Imagine Societe Generale in France or a large German
bank being forced to redeem a few contracts in the $10 billion range. They
appeal to the USFed, the grand counterfeiter and creator of fake money, to
provide the funds from the controlled spigot. The big Euro banks pay a
trifling fee to borrow. The contracts are liquidated, and the USDollar
exchange rate is pushed up. Too many such oversized emergency funding
facilities have come to the Fed's Dollar Swap door, leading them to reduce
rates. They flirt with negative rates also.
QE ABUSE & STEEPED LIES
The abuse is laced all through the USTreasury Bond market. To begin
with, JPMorgan is on the hot seat, the center of some unwanted attention
since it has become known that the venerable crime syndicate hive had sold
over twice the total USGovt bond issuance in its worldwide offices. At
one point in 2013, the Jackass came to learn that from past data, almost $4.5
trillion in USTBonds were sold by JPMorgue when only $2.2 trillion had been
issued formally. Some foreign nations like Italy had been caught using each
sovereign bond serial number twice in sales. These big banks never pay for
their crimes, as they repeat them in other forms. Since JPM is the official
USFed market agent, no consequence in criminal charges.
Focus on the Reverse REPO, which is highly innovative from two angles.
Normally the USFed requires collateral to be placed at the REPO window, as
cited above from companies seeking cash infusions on a temporary basis.
Sometimes the USFed announces a ripe volume of Reverse REPO infusions into
the system. They occasionally attract bad attention, but it wanes with the
next fiction on strong markets and recovering economies, or even debate among
fools who anticipate official rate hikes. The USFed uses the Reverse REPO
to hide some of its QE volume. It is concealed QE volume, part of the biggest
lie in US financial history since the USFed has generated multiple $trillions
in hidden channel support. The key is no collateral placed on the
opposite side of the window. It is neither stimulus nor minor in volume. The
central bank helm is managing a gigantic volume, hidden in numerous ways. The
John Q Public is none the wiser, reading the controlled fiction in financial
press publications.
The related other side of the table features the Failures to Deliver on
USTreasury Bonds. The Wall Street Journal and New York Times report on the
phenomenon, but quickly move off the topic. To have a significant figure of
undelivered USTBonds speaks of more deep criminality. It indicates
counterfeit or naked shorting by Wall Street banks. They have found a way to
bring in liquidity to their broken insolvent big banks, selling USTBonds they
do not own, receiving the funds into the corporate treasuries, improving
handsomely their cash flow, never to deliver on the product. The buyer is
none other than the US Federal Reserve, which does not force prosecution for
counterfeit or bond fraud from its vassal bank accomplices in the crime of
counterfeit. The result is a fancy pants infusion of big $billions into the
Wall Street banks with no costs associated. One must wonder how they hide the
funds within their balance sheets, 10-Q filings, and quarterly statements.
Probably they do so by mixing it in with their ample busy narco funds.
The USFed has been also concealing its QE volume by export. They have
arranged since 2012 to create a group of secondary nations for second
sourcing gigantic USTreasury Bond purchases. The source of funds is both
Dollar Swaps for the USFed to buy USTBonds at arm's length in Europe, but
also dumped Chinese USTBonds from their reserves. Some Russian held USTBonds
might also be in the mix. The nations are the BLICS nations, namely Belgium,
Luxembourg, Ireland, Cayman, and Switzerland. The latter is not a small
nation, but probably helps to manage the slush funds from the Basel hive. The
Belgium location is important as seat of the European Commission and
Parliament. The BLICS have invested in over $800 billion in USTBonds since
mid-2012, almost equal to the USFed itself on its stated (lies for sure) QE
volume. The official USFed understates the true QE volume by at least
two-fold. Add in the derivative contract coverage, and the Jackass
believes the true QE volume is perhaps 10x to 30x greater.
The last item to mention is not exactly abuse within the USTBond market,
but an embarrassing backflow that must be hidden in its coverage. Several
large nations, primarily China and Russia, are using USTBonds and USTBills as
payment in large contract deals, such as big infrastructure projects and big
asset purchases. They use third party funds to complete the payment
within large deals. Like China funding a project in Nigeria for energy
facilities, port facilities, railways, even community centers with schools
and hospitals. They fund the project with USTreasurys. The practice is called
Indirect Exchange, done to facilitate large asset purchases and giant
payments. The USFed must soak up the volume, not give it publicity, and do so
without altering its lies on the true QE volume data.
EFFECT OF NARCOTICS AS WEAPON
Probably the most perverse element of the USDollar financial system is the
role played by narcotics. The United Nations drug task force identified
the New York money center banks as surviving the aftermath of the Lehman failure
in 2008, only due to the heavy flow of narco trafficking money. The UN
issued two separate reports, which incited anger in Washington. It kept the
big banks afloat during a difficult time. Surely the share holders are
pleased, since the same criminal bankers duped the USCongress into granting
them $700 billion extra in funds to assist their criminal enterprise. The
role of narcotics, in the Jackass view, is critical in far deeper political
purpose. The heroin and cocaine profits from the wildly successful Afghan
enterprise, which has produced an average of 1300 to 1400 tons of heroin
annually, are critical in bribery toward both the New World Order and the
continued loyalty to the USDollar system. The profits are astronomical,
like between $800 billion and $1.2 trillion each and every year since
2010-2011 when the peak industrial output was realized from the vertically
integrated industrial engineering project led by Langley. The USGovt
backs the business by covering the costs within the Defense budget. It is a
brilliant business model. They can buy a lot of governments with such large
funds. For example, a nation like Ecuador or Bolivia might be tempted to
depart the USD regime. But with bribery to its lead bankers and political
figures, the devotion continues with the USD regime. Their national leaders
in effect betray their populace, and assure their economies a death event
alongside the USDollar. They do not embark on gold-based systems instead,
which would assure their survival during the Great Reset.
The forced allegiance to USDollar will result in individual national
failures, flames of price inflation, deep pockets of supply shortages, and
nasty civil disorder just like what is seen in Venezuela today. As for the US
home front, it was estimated that the growth in heroin volumes from Afghan
sources on US city streets has risen 10-fold since year 2000. Conclude the
false cause for war in Afghanistan has fooled the majority of Americans, and
led to a massive drug problem domestically. The movement to the NWO and
global fascist state is well along, possibly to be interrupted or intervened
by the imposition and return of the Gold Standard. Not only does gold
detract from bond fraud and financial criminality to the extreme, but gold is
a democratic tool to ensure liberty and protection from fascism. The Western
elite bankers have found themselves on the extreme defensive lately, their
plans thwarted.
MICRO VERSUS MACRO ECONOMIC FACTORS
The teacher behind the Jackass chooses to take a brief moment to explain the
severe consequences of seeking a limited low cost solution by outsourcing
labor at the micro level. The entire movement to outsource labor to the
Pacific Rim in the 1980 decade, then later to the Chinese Mainland in the
2000 decade, has been a principal cause in the economic deterioration and
degradation of the West. It has lost much of its industrial base and
source of tangible income (like from work, not gambing). Notice that Germany
resisted the outsource movement, made some labor union sacrifices, and has
continued to thrive. Spain has outsourced its heart and soul industrially,
and will surely fail as a nation. The individual corporations do indeed lower
their labor and unit product cost. However, they sometimes have quality
control problems, especially with Indian software for example, for which the
Jackass has personal stories to draw upon. The added shipping cost offsets
the benefit to labor cost reductions. Outsourced labor is an obscenity.
Sometimes the benefit is fleeting or non-existent. The main point to make is
that by outsourcing labor, a nation puts it entire industrial base at risk,
and forfeits the related labor income. Germany did not, by only reducing it
slightly in adjustment via compromise, not without a struggle. The United
States lacks an adequate industrial base now, as do many other countries like
Spain. Such nations are set to enter failure.
The USFed stimulus of 0% has failed to generate any kickstart to the
USEconomy, as seen many times in the past. The Jackass forecast back in 2009
that the ZIRP zero bound would encourage capital investment in foreign
nations by US-based corporations, and would not stimulate the USEconomy into
any recovery whatsoever. That forecast has turned out true, sadly but
predictably, except to the morons who operate as economists educated in the
United States. Better to describe them as mis-educated fools and banker
pimps. As the Jackass bio describes, "unencumbered by the
limitations of economic credentials" is emphasized. The
outsourced labor resulted in fleeting temporary gains to US corporations, and
placed the US nation at high risk of systemic failure from lost forfeited
income. It removed the potential for low interest rate stimulus on CAPEX
surges and job growth. All USGovt stimulus programs simply put money in the
hands of consumers, resulting in no tangible improvement to the industrial or
business base. The outsourcing is a national travesty and deep betrayal of
the labor class workers. All trade unions like NAFTA and soon possibly TPP
& TTIP will betray the workers again, pushing the US nation further into
the long slide into the Third World. The lock for entry to the 3W is the loss
of the USDollar as global reserve currency. That loss will force the US to
stand with a currency on its own merits, as in NONE!!
PSYCHOLOGICAL FACTORS AT WORK
A sideline pastime has been to study the many psychological factors that
the people are subjected to, even actively deployed or subconsciously
applied. Mentioned have been a) building frameworks of false assumption
beliefs, b) building secure and safe systems to derive comfort, c) refusing
to accept broad conspiracy evidence despite their overpowering volume, d)
adopting a complacent attitude since business and family roots exist in the
homeland, e) choosing not to fight the mainstream and to stick out as a rebel
or even a revolutionary, f) identifying with the captors in their
exploitation in a cooperative manner, and g) believing that the US nation is
under external attack. The effects are as profound as they are troublesome.
Many clients and followers have written to share of similar experiences with
family and friends. They are difficult to convince, even with formidable
evidence presented. The Jackass has coined the term Macro Stockholm
Syndrome as factor #F in identifying with the captors in control who hold the
weapons. The attacks on the US nation are primarily executed by Langley
and the USGovt security agencies, who wish to install a fascist police state.
Their efforts are 80% complete.
The Jackass advises not to spend too much time or energy convincing people
who touch our lives. To be sure, spend some time, but after a certain
threshold the time and effort is wasted. It can even be counter-productive.
The people will defend their false positions more vociferously. The people
will ostracize the rebel who sees it all too clearly. The effort itself
wears down the person dedicated to intellectual pursuit and dedication toward
good. My advice is not to worry about the ignorant and those in denial.
These are very complex psychological factors at work. By presenting your
case, you are disturbing their comfort zones. Let them have their faces
ripped off. Let them lose their life savings. Let them face the slaughter
house despite their compliance. Let them take up residence in a FEMA Camp.
Let them take the infected virus vaccines. Let them have the RFID chip placed
in their arms. Let them be subjected to strip searches at airports, and be
exposed to radiation. Let them breathe the chemtrail toxic air. Let them
drink the fracked ground water. Let them live in the California drought zone.
Let them have their large savings accounts and CDs located in the big banks
depleted by bail-in confiscations. Let them be tracked like farm animals with
chips in passports, credit cards, and drivers licenses. The most fascinating
aspect to the psychological factors in my view is not just for denial of the
collapse in progress before their eyes, but the acceptance of the
technological aids to make our life more cozy and convenient like a big
family. Refer to the credit card chips, the convenience cards, the ID
registries, the social networks like FaceBook and Google Plus, and the shared
networks of personal data to aid in shopping pleasure. These are willing
subjects to the fascist state.
The psychological factors will continue to be the subject of Jackass
sideline observation. My personal disconnect with family and friends began in
2010 after several intense arguments. Let them go, that is the motto lived
by. My personal peace of mind and freedom of thought is more important to maintain
than to try to convince 5 others after failing with 95. That is roughly the
estimated perceived rate of convincing the sheeple, a mere 5% success rate.
Not worth my time anymore, as it is too late in the game.
Another key phenomenon to keep in mind is that the ignorance for the
tragic fall into fascism and the creeping Big Brother state and the denial
of conspiracy cut across all groups. The denial cuts across all age groups,
all work sectors, and all education segments. Young, middle aged, and elderly
all share the disease of denial laced with ignorance and laziness. Blue
collar, white collar, and those in training all share the disease of denial
laced with ignorance and laziness. Uneducated, secondary educated, college
educated, and professionally educated all share the disease of denial laced
with ignorance and laziness. The ignorance of Americans on matters of
capital, money, fascism, and economics is astonishing. Witness the dumbing
down of America, which as certain definable roots in the badly educated
economics programs in universities. My brother has a Phi Beta Kappa Economics
degree from a major university, yet knows nothing of gold, nor harbors any
interest in gold, and has no curiosity of banker corruption or narco money
effects. It is sad, but they must be let go, so as not to endanger the loyal
Gold Sound Money advocate. The key wake-up call might be the bail-in bank
account losses, or the installation of RFID chips on the upper left arms of
the people. Not only do they enable fascist state monitors, but they
cause cancer to the human body.
NEW SCHEISS DOLLAR & GOLD TRADE STANDARD
The big landmark event last week was the Intl Monetary Fund decided to
delay entry of the Chinese RMB currency into their Special Drawing Rights
basket of currencies. The reasons proffered were likely all insincere and
misdirected, as the corrupt Western stink agency IMF cited the RMB as not
ready for inclusion. More truthfully, the big banks did not want the
competition to the major FOREX currencies and diversification out of
USTreasurys. It was a clear betrayal of China. In response, expect China
to hasten its efforts to dislocate the USDollar from its perch in trade and
banking. Expect extreme pressures to accelerate the increasing required usage
of Chinese RMB in trade settlement. In the last two years, there has been
a fast rise in US-based corporations being forced to settle in RMB to Asian
suppliers for shipments of finished products. This comes after years of more
widespread usage of Yuan Swap Facilities for bilateral trade between nations
with China. Expect a sharp step toward coercing the Saudis to accept RMB
currency in oil shipments, a movement sure to spread to all Gulf Emirate
nations, then to all OPEC nations. The oil card is the flash point.
In time, expect an eventual refusal by Eastern manufacturing nations to
accept USTreasury Bills in payment. The IMF reversal decision assures this
USTBill blockade in time, and might accelerate the timetable. The United
States Govt cannot continue on five glaring fronts of gross violations. These
violations have prompted the BRICS & Alliance nations to hasten their
development of diverse non-USD platforms toward the goal of displacing the
USDollar while at the same time take steps toward the return of the Gold
Standard. The violations are:
1) to import finished goods and crude commodities, paying with IOU coupons
2) to commit multi-$trillion bond fraud in its big banks, done without
legal prosecution
3) to do QE bond purchases in applied hyper monetary inflation, monetizing
debt
4) to rig all major financial markets in favor of the primal USDollar
5) to engage in numerous regional wars to support the USDollar.
The key step upcoming is the Gulf Emirates soon to accept RMB for oil
payment from all Eastern & Asian countries, the major flash point. Such
event will sound the global alarm. Coupled with broadbased RMB trade
settlement and more purchase of Chinese Govt debt securities, the movement
will be on to finally initiate the grand dump of USTreasurys from Eastern banking
systems. The result will be then a forced reaction by USFed and USDept
Treasury to launch the New Scheisse Dollar, which will at the outset have a
phony gold foundation. A formal international audit process will break down
the fraudulent basis, and lead to a series of painful New Dollar
devaluations. Then comes the import price inflation, the supply shortages,
and the civil disorder. The New Scheisse Dollar will have a 30%
devaluation out of the gate, then many more devaluations of similar variety.
The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be
forced to react to USTBill rejection at the ports. The USMilitary threats
will not work much longer. The US must accommodate with the New Scheisse
Dollar in order to assure import supply, and to alleviate the many stalemates
to come. The United States finds itself on the slippery slope that leads to
the Third World, a Jackass forecast that has been presented since Lehman fell
(better described as killed by JPM and GSax).
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 by the Hat Trick Letter toward the return of proper price
to precious metals. The major upcoming events will be exciting to watch
unfold, one after the other, in an inevitable sequence away from fascism and
concentrated uni-polar power, with a strong movement toward freedom and
equitable systems with distributed power. 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:
- the critical mass of rejected USTBills in trade
settlement, citing its corrupt roots and illicit monetary policy as
foundation
- the return to the Gold Trade Standard and introduction
of Gold Trade Notes as letters of credit, in replacement for a fair
tangible payment system (no more IOU coupons)
- the recapitalization of the global banking system with
Gold as primary reserve asset, so as to relieve the grotesque
stagnation, insolvency, and dysfunction
- the seeking of equilibrium in Supply vs Demand in the
new fair uninhibited market, with exclusive control removed from London
and New York, and placed elsewhere like in Shanghai, Hong Kong, Dubai,
and Singapore.
- the seeding of BRICS gold & silver backed currencies
from participating nations within the Alliance (likely several with
slight variation in features)
- the re-opening of the gold mine industry with some blue
sky, and relief from the Evergreen element at Barrick
- the remedy toward owners of over 40,000 tons of
rehypothecated and stolen gold in bullion banks across the world
(primarily in Switzerland.
THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
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Jim Willie CB, editor of the "HAT TRICK LETTER"
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information from his valuable sources. Since 2007, he has made over 17
correct forecast calls, each at least a year ahead of time. If you read his
work or listen to his interviews, you will see what has been happening, know
what to expect, and know what to do."
(Charles in New Mexico)
"A Paradigm change is occurring for sure. Your reports and
analysis are historic documents, allowing future generations to have an
accurate account of what and why things went wrong so badly. There is no
other written account that strings things along on the timeline, as your
writings do. I share them with a handful of incredibly influential people
whose decisions are greatly impacted by having the information in the Jackass
format. The system is coming apart on such a mega scale that it is difficult
to wrap one's head around where all this will end. But then, the universe strives
for equilibrium and all will eventually balance out."
(The Voice, a European gold trader source)
Jim Willie CB is a statistical analyst in marketing research and retail
forecasting. He holds a PhD in Statistics. His career has stretched over 25
years. He aspires to thrive in the financial editor world, unencumbered by
the limitations of economic credentials. Visit his free website to find
articles from topflight authors atwww.GoldenJackass.com.
For personal questions about subscriptions, contact him atJimWillieCB@aol.com
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