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Jim Willie: Chinese Plan to Take Control of the Gold Fix!

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April 5, 2015

Jim Willie returns with an open mic and lots on his mind. If you’re looking for something to do this holiday weekend, here’s 120 minutes of free-range Golden Jackass to help you kill the time.

Just a few of the topics covered in this MUST LISTEN interview:

  • The Shanghai Gold Exchange, Chinese gold intentions and a discussion of the dollar

  • The Bakken shale fields and crude oil in general

  • The continued growth of swap facilities for the yuan and the growing Chinese bond market

  • Grexit and the EU and the euro and Russia and Turkey…and how these parts fit together

120 MUST LISTEN minutes with Hat Trick Letter Editor Jim Willie & Craig Hemke are below:

 

From TFMetalsReport:

Part 1:

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Jim Willie: Chinese Plan to Take Control of the Gold Fix!

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April 8th, 2015 at 4:55 pm

Jim Willie: The Jig is Up

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April 2, 2015

Will Lehr of Perpetual Assets Interviews Dr. Jim Willie, editor of the Hat Trick Letter | GoldenJackass

Join us for a different angle, a unique investigation of the unprecedented events unfolding. This is a fantastic, action packed interview with almost 2 hours of content. Jim dives into the collapsing platforms of the US dollar. The tide is turning very quickly. Jim’s wealth of knowledge never ceases to amaze me and he seems to never miss a news development.

Jim reveals his belief that half of the purpose for the AIIB development bank will be the BRICS gold central bank. Jim gives us a rare breakdown of much of his brain team. Bear with us in the end as we ramble and chat a bit, on and off topic. Jim tells us his story of meeting a Rockefeller. Cold fusion, corrupt Vatican accounts, the new sheriff from the East, and Hitler – the topics covered are vast.

Part 1:

Part 2:

Overview:
QE is a Ruse That Guarantees Global Rejection of USDollar – undermine the national banking reserve systems (national savings)

– hyper monetary inflation impossible to justify (unless severely stupid)– deep lies surround the volume, the connection to the financial control rig offices– Western CB franchise system has no more credibility

– duration of QE was a lie

– threat of bail-in against backdrop of negative interest rate has wrecked CB creddComing Isolation of US

– war, sanctions, collateral seizures, bail-in threats,

– poorly crafted trade pacts

– full generation of hegemony with finance, military (not so much commerce)– backfire of outsourcing effects, when Emerging Markets have savings

– backfire of political heavy handed manner with global offices (IMF, WB, SWIFT)

– resentment over wars and sanctions– whatever the USGovt touches turns to shiitteStrategic Importance of Greece & Turkey

– control of Bosporus Straits for Russian Naval Fleet

– military base potential in Eastern Med Sea

– access to port facilities and shipping companies

– undermine of EU debt strangle with asset seizures

– drawn into Eurasian Trade Zone (officially called Eurasian Economic Union)

– Turkey as NATO airbase and narco distribution route node

– shift from Ukraine to the two nations on Gazprom pipeline network node

– Greece & Turkey as twin crowbars to divide Europe, after Ukraine made initial split RMB Hubs & The London-Frankfurt Axis

– undermine of global USD standard in trade settlement (no more)

– advances concept of Yuan Swap Facility for bilateral trade

– London and Frankfurt are in the two hearts of European financial centers– toeholds for all the non-USD platforms (like Asian Infrastructure Investment Bank)

– lost control of West in finance terms, the stronghold

– even Canada with Vancouver & Toronto, now recently Los Angeles (ICBC Bank)Gold Trade Note – it is the Letter of Credit to come into view

– beginning of barter, first

– but introduction of Gold in trade settlement, more important

– root system for Gold Trade Settlement

– later come realization of USTreasury Bond not needed in banking reserve systems

– Gold Standard to arrive on trade ramps, then banking systems, finally currencys– BRICS Gold Central Bank will be morphed from the New Development Bank

 

The Jig is Up with Jim Willie

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April 7th, 2015 at 12:41 pm

Jim Willie: An Acceleration of The Global Power Shift

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"Kaczynski Lewinsky Lipinski Lebowski"

 

March 24, 2015

“January was just loaded with big events…the door was opened to a number of different channels working simultaneously for bringing about what I call the global paradigm shift and that’s basically the retirement of the dollar and the re-installation of the gold standard both in trade and in banking. Sooner or later we’re going to see a massive flow of major banking systems dumping Treasury bonds because they don’t use them anymore – they don’t want them anymore. And that’s when we’ll see QE4 come into play.”

 

by Shadow of Truth, The Daily Coin

Several events have emerged early this year which are symbols of the historic shift of power – economic, political and military – from west to east. Perhaps the most visible symbol of this is the massive transfer of physical gold moving from western Central Bank and investment vaults into the massive new vaults erected in Singapore, Hong Kong and Shanghai.

Rory Hall and I hosted Jim Willie for an incredible discussion about all of the events that are occurring and operating to remove all aspects of power from the grips of Washington, DC, Wall Street and London. We believe this is the best interview and commentary from Jim Willie in a long time. Find a lot more about the Asia Infrastructure Investment Bank, the new yuan-denominated gold fix, Ukraine and the imminent demise of the dollar.

 

The Daily Coin

Silver Doctors

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March 25th, 2015 at 2:35 pm

The Inevitability of Peaceful Revolution

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“A man is but the product of his thoughts. What he thinks, he becomes.”

― Mahatma Gandhi

 

by Lance Schuttler
March 6, 2015

The victory drums, to the tune of Maurice Ravel’s “Bolero,” are now commencing with the crescendo as this writing goes to press. Everywhere in our world we are now seeing the awakening of humanity speed up. We are seeing massive rallies against corruption and rallies for peace spread. We are seeing tyranny, cover-ups and false flags exposed. And more importantly, we are seeing movements converging that offer solutions to these issues the world faces.

Since the Occupy Wall Street protests in late 2011, the world has seen continued cries for justice, peace and equality. We have seen continued protests against Monsanto over the past several years as well as the hacker group Anonymous’ rallies for justice, transparency and peace. In 2012 it was synchronized anti-austerity protests throughout all of Europe. In 2013, it was in the form of millions taking to the streets in Brazil. Also in 2013, we saw over 8 million flood the streets of Cairo, Egypt as the military supported the people’s birthright to freedom by removing the corrupt regime. In 2014 in Catalonia, Spain we saw Europe’s largest peaceful rally as over 2 million Catalans took to the streets for independence from Spain. 2014 also saw the world’s largest march on climate change as well as Wal-Mart’s biggest strike in history on Black Friday. In early 2015 we then saw over 3 million unify for peace in Paris after an alleged terror attack.

Though the mainstream media desperately tries to continue the facade that all is well among the status quo and banking elite, reality has cracked open the egg of illusion and has spread everywhere it’s seeds of truth, freedom, equality and peace. What we are now living through and witnessing is the sprouting of a new world.

People are rethinking and questioning the way things are done. We are seeing many people’s hearts and minds shifting from programmed thinking and acting due to elitist propaganda into ways of self-direction, freedom and abundance. People’s inner worlds of heart and mind are breaking free and we are seeing this have direct and positive impacts in our outer world. This inner drive for every single one of us to feel and be free in every way is causing the conditioned past to be transcended and is creating a convergence of hearts, minds, projects, ideas and visions now manifesting for the highest good of all. Fortunately, we are not alone in this endeavor of creating inner and outer freedom.

Something Big and Positive is Happening
Over the past 3 years we here on Earth have been experiencing increased solar activity with an increased number of coronal mass ejections (CMEs) being received by our Earth’s magnetic field. CMEs are explosions of electricity and energy in the form of electrons and protons, according to NASA. This ejected, self-organizing and coherent plasma usually takes between 3-4 days to reach our Earth’s magnetosphere which, if large enough, can create disturbances in radio signals and navigation systems. Interestingly, these CMEs also affect humans down to the level of our DNA.

In 1984-1985, Dr. Peter Gariaev and his team of Russian linguists were studying DNA and the ways light, sound and frequencies interact with DNA. Their research led to many groundbreaking and paradigm-shifting discoveries with one of them showing that DNA is able to absorb and emit light (photons), which spirals along the double helix in sacred geometrical form. They found that DNA has properties of a scalar/torsion field, which is “a self-sustaining vortex in the aether/time-space which is innately non-electromagnetic…By spinning, a vortex can excite photons or [pull] virtual photons out of the fabric of space/aether—and static torsion/scalar fields can harness and store light within them. ” Literally, DNA creates magnetized wormholes in the time-space fabric. DNA acts as “tunnel connections between entirely different areas in the universe through which information can be transmitted outside of space and time. The DNA attracts these bits of information and passes them on to our consciousness.” They found that with the presence of light (photons), DNA activation and and thus evolution can occur. New neuro-pathways can be created. Our thought patterns can be reshaped to ways that better serve us. We can change how we deal with a situation. We can change who we are. With the presence of photons always amidst us via our Sun, our DNA is constantly pulling in this light and continuing to change and evolve. We can think of a solar flare as a boost of light from our Sun. This extra light equates to a higher upgrade in the evolution of our DNA and thus, who we are.

In fact, pioneering physicist Nassim Haramein’s holofractographic universe theory says that the “fundamental structure and dynamics of space-time are those of the black hole.” In this view, any change to a part, in effect, changes the whole. This is true of any hologram. Every part contains the whole, and when something changes in a part of the object, the whole object then changes as well. So we see that every time someone in our world thinks, does or says something to improve themselves, a situation or another, the entirety of humanity benefits. We upgrade. We shift. We evolve. We also see that with the help from our Sun, our DNA and our consciousness is continuing to shift to higher octaves. And as our DNA continues to shift, the entire human race is impacted and benefited. In other words, the deck is stacked in favor of humanity to continue growing and changing in ways that serve the whole. Peaceful revolution of the systems that suppress and no longer serve the humanity is inevitable.

Reflection in Our Outer World
“Where are these things being reflected in our outer world,” some might ask. Are there those “in the know” talking of this revolution? The answer is an unshakable yes. A notable figure is Benjamin Fulford. Benjamin is the former Asia-Pacific Bureau Chief for Forbes Magazine and has over 20 years of experience as a love1professional writer and journalist, along with several other accolades. He resigned from his position in 2005 as he was disturbed by the “corporate censorship” and has for the past few years been writing a weekly geopolitical article, which has been exposing corruption between various government and banking representatives, and more importantly has been discussing the positive developments in the growing BRICS (Brazil, Russia, India, China and South Africa) alliance, which has now reportedly swelled to over 190 countries with governmental, banking and military influence. On July 18, 2014, the same day the Contingent Reserve Arrangement and the BRICS Development Bank were announced and implemented, Russian Foreign Minister Sergei Lavrov said the BRICS is an alliance that will “reform the international financial system.” Many economists believe this alliance, because of the amount of gold and silver several of these countries have been importing, are planning to reset the global financial system, which will be based on gold, silver and other metals and resources. (Something John F. Kennedy was reportedly very close to initiating with President Sukarno of Indonesia, via the Global Collateral Accounts.)

It is believed that in time, this reset will allow our world’s entire socioeconomic system to shift into a resource-based economy, a term coined by social engineer Jacque Fresco of The Venus Project. In this revolutionary, yet very practical system, technologies will be implemented that help improve the quality of life for every person on our planet by allowing food, shelter, clothing and social activities to be met necessities. This will also shift our world away from oil and other destructive energy practices and will help transform the health of our earth.

Creating The World We Want
As famous author, speaker and physicist Gregg Braden has said, “Our beliefs have the power to change the flow of events in the universe – literally to interrupt and redirect time, matter, and space, and then events that occur within them.” We have the power to change our world and we are receiving help from many known and quiet sources. mlkThe change can begin with a thought. It can follow with an action. Inspire someone. Eat more organic fruits and vegetables and less meat and dairy. Soak up the sunlight as much as possible. Spark a movement. Transform negative thoughts into positive ones. Use words carefully and specifically. Plant a garden. Participate in synchronized global meditations for peace every Saturday at 6 A.M. eastern time (New York City) or every Sunday at 11 A.M. eastern time. Above all, dream big and continue to be you. Continue visualizing and feeling the changes you want in your personal life as well as for our world. We each have a vital role to play in the creation of a better world. The only thing that is certain is change. With this world view and universal truth in mind, peaceful revolution is truly inevitable.

 

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March 24th, 2015 at 2:31 pm

Posted in Change,End of Empire

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Jim Willie: Interest Rates Will Never Rise

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Wall Street For Main Street

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March 13th, 2015 at 1:45 pm

Peak Meaninglessness

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by John Michael Greer
Wednesday, March 04, 2015

Last week’s discussion of externalities—costs of doing business that get dumped onto the economy, the community, or the environment, so that those doing the dumping can make a bigger profit—is, I’m glad to say, not the first time this issue has been raised recently. The long silence that closed around such things three decades ago is finally cracking; they’re being mentioned again, and not just by archdruids. One of my readers—tip of the archdruidical hat to Jay McInerney—noted an article in Grist a while back that pointed out the awkward fact that none of the twenty biggest industries in today’s world could break even, much less make a profit, if they had to pay for the damage they do to the environment.

Now of course the conventional wisdom these days interprets that statement to mean that it’s unfair to make those industries pay for the costs they impose on the rest of us—after all, they have a God-given right to profit at everyone else’s expense, right? That’s certainly the attitude of fracking firms in North Dakota, who recently proposed that they ought to be exempted from the state’s rules on dumping radioactive waste, because following the rules would cost them too much money. That the costs externalized by the fracking industry will sooner or later be paid by others, as radionuclides in fracking waste work their way up the food chain and start producing cancer clusters, is of course not something anyone in the industry or the media is interested in discussing.

Watch this sort of thing, and you can see the chasm opening up under the foundations of industrial society. Externalized costs don’t just go away; one way or another, they’re going to be paid, and costs that don’t appear on a company’s balance sheet still affect the economy. That’s the argument of The Limits to Growth, still the most accurate (and thus inevitably the most reviled) of the studies that tried unavailingly to turn industrial society away from its suicidal path: on a finite planet, once an inflection point is passed, the costs of economic growth rise faster than growth does, and sooner or later force the global economy to its knees.

The tricks of accounting that let corporations pretend that their externalized costs vanish into thin air don’t change that bleak prognosis. Quite the contrary, the pretense that externalities don’t matter just makes it harder for a society in crisis to recognize the actual source of its troubles. I’ve come to think that that’s the unmentioned context behind a dispute currently roiling those unhallowed regions where economists lurk in the shrubbery: the debate over secular stagnation.

Secular stagnation? That’s the concept, unmentionable until recently, that the global economy could stumble into a rut of slow, no, or negative growth, and stay there for years. There are still plenty of economists who insist that this can’t happen, which is rather funny, really, when you consider that this has basically been the state of the global economy since 2009. (My back-of-the-envelope calculations suggest, in fact, that if you subtract the hallucinatory paper wealth manufactured by derivatives and similar forms of financial gamesmanship from the world’s GDP, the production of nonfinancial goods and services worldwide has actually been declining since before the 2008 housing crash.)

Even among those who admit that what’s happening can indeed happen, there’s no consensus as to how or why such a thing could occur. On the off chance that any mainstream economists are lurking in the shrubbery in the even more unhallowed regions where archdruids utter unspeakable heresies, and green wizards clink mugs of homebrewed beer together and bay at the moon, I have a suggestion to offer: the most important cause of secular stagnation is the increasing impact of externalities on the economy. The dishonest macroeconomic bookkeeping that leads economists to think that externalized costs go away because they’re not entered into anyone’s ledger books doesn’t actually make them disappear; instead, they become an unrecognized burden on the economy as a whole, an unfelt headwind blowing with hurricane force in the face of economic growth.

Thus there’s a profound irony in the insistence by North Dakota fracking firms that they ought to be allowed to externalize even more of their costs in order to maintain their profit margin. If I’m right, the buildup of externalized costs is what’s causing the ongoing slowdown in economic activity worldwide that’s driving down commodity prices, forcing interest rates in many countries to zero or below, and resurrecting the specter of deflationary depression. The fracking firms in question thus want to respond to the collapse in oil prices—a result of secular stagnation—by doing even more of what’s causing secular stagnation. To say that this isn’t likely to end well is to understate the case considerably.

In the real world, of course, mainstream economists don’t listen to suggestions from archdruids, and fracking firms, like every other business concern these days, can be expected to put their short-term cash flow ahead of the survival of their industry, or for that matter of industrial civilization as a whole. Thus I propose to step aside from the subject of economic externalities for a moment—though I’ll be returning to it at intervals as we proceed with this sequence of posts—in order to discuss a subtler and less crassly financial form of the same phenomenon.

That form came in for discussion in the same post two weeks ago that brought the issue of externalities into this blog’s ongoing conversation. Quite a few readers commented about the many ways in which things labeled “more advanced,” “more progressive,” and the like were actually less satisfactory and less effective at meeting human needs than the allegedly more primitive technologies they replaced. Some of those comments focused, and quite sensibly, on the concrete examples, but others pondered the ways that today’s technology fails systematically at meeting certain human needs, and reflected on the underlying causes for that failure. One of my readers—tip of the archdruidical hat here to Ruben—gave an elegant frame for that discussion by suggesting that the peak of technological complexity in our time may also be described as peak meaninglessness.

I’d like to take the time to unpack that phrase. In the most general sense, technologies can be divided into two broad classes, which we can respectively call tools and prosthetics. The difference is a matter of function. A tool expands human potential, giving people the ability to do things they couldn’t otherwise do. A prosthetic, on the other hand, replaces human potential, doing something that under normal circumstances, people can do just as well for themselves. Most discussions of technology these days focus on tools, but the vast majority of technologies that shape the lives of people in a modern industrial society are not tools but prosthetics.

Prosthetics have a definite value, to be sure. Consider an artificial limb, the sort of thing on which the concept of technology-as-prosthetic is modeled. If you’ve lost a leg in an accident, say, an artificial leg is well worth having; it replaces a part of ordinary human potential that you don’t happen to have any more, and enables you to do things that other people can do with their own leg. Imagine, though, that some clever marketer were to convince people to have their legs cut off so that they could be fitted for artificial legs. Imagine, furthermore, that the advertising for artificial legs became so pervasive, and so successful, that nearly everybody became convinced that human legs were hopelessly old-fashioned and ugly, and rushed out to get their legs amputated so they could walk around on artificial legs.

Then, of course, the manufacturers of artificial arms got into the same sort of marketing, followed by the makers of sex toys. Before long you’d have a society in which most people were gelded quadruple amputees fitted with artificial limbs and rubber genitals, who spent all their time talking about the wonderful things they could do with their prostheses. Only in the darkest hours of the night, when the TV was turned off, might some of them wonder why it was that a certain hard-to-define numbness had crept into all their interactions with other people and the rest of the world.

In a very real sense, that’s the way modern industrial society has reshaped and deformed human life for its more privileged inmates. Take any human activity, however humble or profound, and some clever marketer has found a way to insert a piece of technology in between the person and the activity. You can’t simply bake bread—a simple, homely, pleasant activity that people have done themselves for thousands of years using their hands and a few simple handmade tools; no, you have to have a bread machine, into which you dump a prepackaged mix and some liquid, push a button, and stand there being bored while it does the work for you, if you don’t farm out the task entirely to a bakery and get the half-stale industrially extruded product that passes for bread these days.

Now of course the bread machine manufacturers and the bakeries pitch their products to the clueless masses by insisting that nobody has time to bake their own bread any more. Ivan Illich pointed out in Energy and Equity a long time ago the logical fallacy here, which is that using a bread machine or buying from a bakery is only faster if you don’t count the time you have to spend earning the money needed to pay for it, power it, provide it with overpriced prepackaged mixes, repair it, clean it, etc., etc., etc. Illich’s discussion focused on automobiles; he pointed out that if you take the distance traveled by the average American auto in a year, and divide that by the total amount of time spent earning the money to pay for the auto, fuel, maintenance, insurance, etc., plus all the other time eaten up by tending to the auto in various ways, the average American car goes about 3.5 miles an hour: about the same pace, that is, that an ordinary human being can walk.

If this seems somehow reminiscent of last week’s discussion of externalities, dear reader, it should. The claim that technology saves time and labor only seems to make sense if you ignore a whole series of externalities—in this case, the time you have to put into earning the money to pay for the technology and into coping with whatever requirements, maintenance needs, and side effects the technology has. Have you ever noticed that the more “time-saving technologies” you bring into your life, the less free time you have? This is why—and it’s also why the average medieval peasant worked shorter hours, had more days off, and kept a larger fraction of the value of his labor than you do.

Something else is being externalized by prosthetic technology, though, and it’s that additional factor that gives Ruben’s phrase “peak meaninglessness” its punch. What are you doing, really, when you use a bread machine? You’re not baking bread; the machine is doing that. You’re dumping a prepackaged mix and some water into a machine, closing the lid, pushing a button, and going away to do something else. Fair enough—but what is this “something else” that you’re doing? In today’s industrial societies, odds are you’re going to go use another piece of prosthetic technology, which means that once again, you’re not actually doing anything. A machine is doing something for you. You can push that button and walk away, but again, what are you going to do with your time? Use another machine?

The machines that industrial society uses to give this infinite regress somewhere to stop—televisions, video games, and computers hooked up to the internet—simply take the same process to its ultimate extreme. Whatever you think you’re doing when you’re sitting in front of one of these things, what you’re actually doing is staring at little colored pictures on a glass screen and pushing some buttons. All things considered, this is a profoundly boring activity, which is why the little colored pictures jump around all the time; that’s to keep your nervous system so far off balance that you don’t notice just how tedious it is to spend hours at a time staring at little colored pictures on a screen.

I can’t help but laugh when people insist that the internet is an information-rich environment. It’s quite the opposite, actually: all you get from it is the very narrow trickle of verbal, visual, and auditory information that can squeeze through the digital bottleneck and turn into little colored pictures on a glass screen. The best way to experience this is to engage in a media fast—a period in which you deliberately cut yourself off from all electronic media for a week or more, preferably in a quiet natural environment. If you do that, you’ll find that it can take two or three days, or even more, before your numbed and dazzled nervous system recovers far enough that you can begin to tap in to the ocean of sensory information and sensual delight that surrounds you at every moment. It’s only then, furthermore, that you can start to think your own thoughts and dream your own dreams, instead of just rehashing whatever the little colored pictures tell you.

A movement of radical French philosophers back in the 1960s, the Situationists, argued that modern industrial society is basically a scheme to convince people to hand over their own human capabilities to the industrial machine, so that imitations of those capabilities can be sold back to them at premium prices. It was a useful analysis then, and it’s even more useful now, when the gap between realities and representations has become even more drastic than it was back then. These days, as often as not, what gets sold to people isn’t even an imitation of some human capability, but an abstract representation of it, an arbitrary marker with only the most symbolic connection to what it represents.

This is one of the reasons why I think it’s deeply mistaken to claim that Americans are materialistic. Americans are arguably the least materialistic people in the world; no actual materialist—no one who had the least appreciation for actual physical matter and its sensory and sensuous qualities—could stand the vile plastic tackiness of America’s built environment and consumer economy for a fraction of a second. Americans don’t care in the least about matter; they’re happy to buy even the most ugly, uncomfortable, shoddily made and absurdly overpriced consumer products you care to imagine, so long as they’ve been convinced that having those products symbolizes some abstract quality they want, such as happiness, freedom, sexual pleasure, or what have you.

Then they wonder, in the darkest hours of the night, why all the things that are supposed to make them happy and satisfied somehow never manage to do anything of the kind. Of course there’s a reason for that, too, which is that happy and satisfied people don’t keep on frantically buying products in a quest for happiness and satisfaction. Still, the little colored pictures keep showing them images of people who are happy and satisfied because they guzzle the right brand of tasteless fizzy sugar water, and pay for the right brand of shoddily made half-disposable clothing, and keep watching the little colored pictures: that last above all else. “Tune in tomorrow” is the most important product that every media outlet sells, and they push it every minute of every day on every stop and key.

That is to say, between my fantasy of voluntary amputees eagerly handing over the cash for the latest models of prosthetic limbs, and the reality of life in a modern industrial society, the difference is simply in the less permanent nature of the alterations imposed on people here and now. It’s easier to talk people into amputating their imaginations than it is to convince them to amputate their limbs, but it’s also a good deal easier to reverse the surgery.

What gives this even more importance than it would otherwise have, in turn, is that all this is happening in a society that’s hopelessly out of touch with the realities that support its existence, and that relies on bookkeeping tricks of the sort discussed toward the beginning of this essay to maintain the fantasy that it’s headed somewhere other than history’s well-used compost bin. The externalization of the mind and the imagination plays just as important a role in maintaining that fantasy as the externalization of costs—and the cold mechanical heart of the externalization of the mind and imagination is mediation, the insertion of technological prosthetics into the space between the individual and the world. We’ll talk more about that in next week’s post.

 

 

 

In other news, I’m delighted to report the publication of a new book of mine that may be of particular interest to readers of this blog: Collapse Now and Avoid the Rush: The Best of the Archdruid Report, which is just out from Founders House Publishing. As the title suggests, it’s an anthology of twenty-five of the most popular weekly posts from this blog, including such favorites as "Knowing Only One Story," "An Elegy for the Age of Space," "The Next Ten Billion Years," and "The Time of the Seedbearers," as well as the title essay and many more. These are the one-of-a-kind essays that haven’t appeared in my books; if you’re looking for something to hand to the spouse or friend or twelve-year-old kid who wants to know why you keep visiting this sight every Wednesday night, or simply want this blog’s best essays in a more permanent form, this is the book. It’s available in print and e-book formats and can be ordered here

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The Archdruid Report

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March 5th, 2015 at 5:56 pm

Jim Willie: The Greatest Self-Inflicted Gunshot Wound in 2,000 Years!

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A final End Game has begun. The current stage is the global rejection of the USDollar, the once respected revered and resilient currency which has in recent years fallen on its own Third World sword. QE is a Third World monetary policy, plainly stated. What remains is the loss of the most prestigious of the nation’s calling card, the USD as global reserve currency. USDollar Hoisted On Its Own Petard. The reaction of global USDollar rejection in response to Quantitative Easing, otherwise known as hyper monetary inflation, will go down in US history, even world history, as the greatest self-inflicted gunshot wound the head and chest in two thousand years.

 

by Jim Willie
March 4, 2015

Bankster Assassinations

It is very difficult to find a foreign policy deployed by the United States Govt that has been successful in recent years. In fact, almost all aggressive foreign policy initiatives have resulted in profound losses either in financial strategic position or in alliances with previous staid allied nations. They have almost uniformly backfired, while bravado has mixed with stupidity, while arrogance has blended with futility.

The USGovt without giving it thought, appears to be acting in reckless manner toward losing its entire set of advantages from a century. The nation has become hollowed out industrially by outsourcing, defrauded in housing mortgages, undermined in banks by derivatives, contaminated in USTreasury Bonds by the wildly applauded QE bond purchase wreckage, tarnished by exported terrorism, tainted by prevalent espionage, and shamed by reliance upon war to defend the USDollar. The US is fast becoming recognized as a rogue nations, but worse, as a nation with stupid leadership.

The more aggressive the leadership led by the Manchurian sock puppet plus stage entourage and legion of legislators bound by bank donations, the more rapid the failures, the more rapid the development of USD workarounds, the more rapid the frayed lines to allies, the more rapid the isolation of a once great nation, the more rapid the systemic failure. Witness the climax of the Fascist Business Model, which almost no other analyst seems to emphasize or notice. The effect of fascism upon the financial platforms and economic structure has been profoundly negative.

Like all fascist regimes, the attacks are directed to enemies first in direct thefts, then to allies in frauds recognized later, finally to the citizens in hidden pilferage and lost rights. The result is always the same, except for the rhyme of its ruin. The implosion is as loud as the escape flights for leaders, along with their protected off-shore accounts.

USDOLLAR HOISTED ON ITS OWN PETARD

The reaction of global USDollar rejection in response to Quantitative Easing, otherwise known as hyper monetary inflation, will go down in US history, even world history, as the greatest self-inflicted gunshot wound the head and chest in two thousand years.

Yet the clowns residing at the high priest post, along with the minions of genuflecting obsequious squires, call it stimulus. They see bond support and stock lifts, but little else. Even corporations have chosen stock buybacks over business investment, following the Pied Piper at the USFed. The nation is rotting completely. The QE has stimulated global economic collapse with the USFed pulling the plug on the global monetary fiat toilet paper system known as the FOREX currencies. The USDollar will be relegated to the dustbin. It is rising and rising, soon to vanish due to active avoidance followed by universal rejection. The USTreasury Bond market will be reduced to a gigantic circle jerk with high priests cheering the festivities as high frequency algorithm trading has given way to the USFed playing the music and moving the chairs, even holding the hands of the players. Musical chairs is fast becoming Russian Roulette. The banker elite has shot the nation in the head, but few have noticed.

A final End Game has begun. The current stage is the global rejection of the USDollar, the once respected revered and resilient currency which has in recent years fallen on its own Third World sword. QE is a Third World monetary policy, plainly stated. What remains is the loss of the most prestigious of the nation’s calling card, the USD as global reserve currency.

By coercion, threats, and brute force, the USD remains accepted as pristine asset in the banking systems, but not for long. Its widespread usage in Indirect Exchange, the practice of dumping USTBonds in asset purchases, signals a much broader divestiture in the future whereby major nations of the world disgorge their bonds sitting in bank reserve systems. They are fast turning toxic. Their toxicity is being reinforced by the QE official monetary policy, the Final Solution for managing debts and war on a credit line. QE is a poison gas to capital itself. For a generation, economics courses taught that hyper monetary inflation is a scourge, a grand wrecking ball, but when the United States deploys it, somehow it is positive stimulus. Rubbish! Witness Pox Americana, with celebrated inflation, with labor outsourcing, with consumer driven economy, with permitted banker fraud, and with endless war.

The toxic backfire has hit Emerging Market nations squarely. The rising USD exchange rate has inflicted enormous sudden hardship on many developing nations. While the moron at the USDept Treasury post Jacob Lew pounds his proud chest on the supposed strength of the USDollar being good for the nation, the opposite is true both for the United States and foreign nations. The high USD valuation stands as a guillotine for the nation. The USEconomy loses attractiveness for its stock market shares, for its property (both residential and commercial), and for its business output for export destinations. Is Lew that stupid? No, just corrupt intellectually. The pain extends to emerging market nations, whose debt burden has suddenly risen by 20% or more. Another advantage, Jacob the Buffoon? Since 2009, the world has taken advantage of the ultra-low rates to rack up cheap debt. It was a trap, and the trap has closed. Expect some rather big stories very soon on defaulted debt. Expect some big bank failures, not just from Greek Govt debt, or other Southern European government debt to follow, but from Emerging Market debt default. They are reeling.

The USGovt cannot finance its annual deficits. So like any Third World nation, it prints money to cover the debt. The USD must be defended by war. But the actions prompt redoubled efforts to escape the USD clutches. So like any Two-Bit Fascist nation, it wages war on all parties choosing to eschew the currency with public disdain. Refer to both avoidance for trade purposes and diversification for bank reserve purposes. Few US citizens (none solicited by the Jackass so far) have shown the slightest awareness that when the USTreasurys are no longer desired in foreign banking systems, that what follows is their rejection as payment for US imports. They tend to make zero connection between the foreign bank reserves system, using the global reserve currency, and the payment system for trade settlement. In fact, almost no US citizens contacted comprehend what it means for the USD to be used as global reserve. They think only in terms of a home base currency, which happens to appear in foreign shops often. When foreign suppliers refuse the USTBonds, then comes the requirement for the USGovt to launch a new currency which will be accepted in trade payment, but only after some devaluations most assuredly to come in a painful sequence. Only then will the shock hit home, to be sure with propaganda and blame laid with Russia, China, and Arabs. My guess is that the majority of US sheeple will swallow the propaganda whole, like legions of dimwits. A small portion will lay blame at the bankers and politicians, correctly so.

BACKFIRE OF FOREIGN POLICY

The failed policies inflicted upon enemy states have grown in a long list. None are successful, all dismal failures, each implemented with hostility, bravado, and unveiled arrogance. No analysis seems to take place on a failed policy, when the next failed policy is put into place. The nation is a true exception, replete with corruption, war proclivity, and amateurish policy. Whenever the Jackass observes sanctions or a war, the immediate reaction is to search for the next significant loss in strategic position on the geopolitical stage. As preface, in the wake of the Lehman killjob to save Goldman Sachs in September 2008, the US bank leaders, even corporate leaders, were given the cold shoulder at best and formally shunned at worst. The news handed down by the Voice was that US leaders in both government and corporate posts were not given return phone calls by European counterpart leaders. The concept in my mind was born of isolation, which would grow in huge horrible horrendous ways in a rapidly growing pace. With each stumble, with each new recognized bond fraud, with each new imposed failed sanctions, with each new waged war, with each new broken treaty, the United States would be further isolated in the community of nations. It can be safely stated that anything the Washington crew touches turns to shit, and any ally approached turns to the East, all in time. Given the recent track record of failures, it is hard to dismiss claims that the US national leadership is attempting to scuttle the nation in order to cause a systemic failure. A certain lust for totalitarian rule wafts through the Beltway, and has been for a few years. The Rubin Doctrine has run out of time, as no more time can be bought. All systems are breaking in the open. The road has narrowed. The can has turned nuclear. The kicked can has crumbled.

IRAN SANCTIONS

The most glaring pointed failure has been the sanctions directed against Iran. From the start, almost no claims of nuclear weapons program stood the test of scrutiny or time. Following the Iraq War initiative, the lesson was learned easily. When Iran, like its Arab neighbor, began to trade in oil & gas for non-USD payment, it was painted as rogue nation. Next came the lies and fabrications to support the silly claims. For years, Teheran did not possess either the missile delivery technology or the sufficient refinery capacity for building any nuclear weapon. The entire story was discarded by the Jackass on its face, especially since the little puppeteer nation on the southeast corner of the Mediterranean Sea repeated the shrill cries so often in their controlled press networks. Iran reacted by fostering good relations with both Russia and China. The former supplied advanced Sunburn and Onyx missiles, while the latter completed massive energy project deals.

The USGovt backed off. A strange detente is growing between Iran and the Saudis, even the other Gulf Emirates. They have refused to play the US-Izzy war game. Then came the quintessential loss, as Iran constructed the Oil for Gold payment method. Iran sold oil to India, which purchased gold from Turkey, which sent the gold to private banks in Iran, which then swapped the gold with their central bank for cash. The Gold Trade Payment system was born, the prototype to be imitated the world over. The clever Persians found a huge loophole in the USGovt sanctions, and drove a truck through it, loaded with gold bullion bought in Ankara with Delhi cash and bound for Teheran. The USGovt sanctions against Iran have been a colossal failure. The Washington clowns forgot that big Teheran banks communicate with their central bank, much like Wall Street does with the USFed. Sometimes the cousin of aggression is stupidity.

UKRAINE WAR

The war following the coup d’etat in Kiev by the Fascists has been a dismal failure on its face. The entire capture of Kiev was led in clandestine manner by both Langley mercenaries and Soros mercenaries, aided in no small way by Masswipewad operatives from the Southeast corner of the Mediterranean. However, it has had many motives, listed as harangue or indictment, blessed by EU Commissioners. 1) Create a scorched earth buffer for massive criminal activity (drug trafficking, money laundering, white women trafficking, human organ trafficking, Nigerian cash fraud). Separately is the natural gas pilferage from siphoning. 2) Break any marriage between Europe and Russia. The Eurasian Trade Zone will happen, with or without a war in the decrepit nation. 3) Interrupt the Gazprom pipelines. The alternate route has already been done through Turkey. 4) Introduce Monsanto seeds for the grand European bread basket. The resistance to GMO foods is far more strident outside the industrial nations. 5) Raid Kiev gold. They bought at most a couple months time. 6) Pilfer IMF aid. No more IMF aid packages will be approved, especially since attached to war policy in unprecendented shameful manner. Surely more. The ultimate extreme outcome in backlash from the Ukraine War, which has been lost, is the eventual break-up of the European Union and the collapse of the common Euro currency region. It is coming like night follows day. The high pressure tactics used by the USGovt, combined with bribery and lush contracts, will be recognized and publicized, then used against the US. The belligerence displayed by the USGovt, including smashed truces in direct blatant manner, are being recognized. The United States will earn isolation as a rogue nation.

The result of the failed war will be an economic breakdown in Ukraine, shortage of almost everything including food (but not weapons or ammunition), hyper inflation on prices, plenty of cadavers for the underground human organ trafficking, culminating in a new equally bad regime laden with yet more corruption. The Hryvnia currency is imploding right now, a sign of the national failure. However, the bigger loss will be Europe’s major nations all turning their backs on the United States, the warmongering secretive bellicose player, the magnificent rogue nation on the block. Even the direct US-UK role with ISIS supervision is being unmasked. The US will suffer grotesque isolation, then quarantine, finally liquidation as it must manage in a world without friends or allies, unless one counts UK and Izzriel. The US will be down to the core axis of fascism for allies, which aint saying much.

RUSSIAN SANCTIONS

The Europeans are the unwilling partners in the sanctions. It is like the EU member nation leadership crew made the sanctions agreement call with the US master bellicosia, even while knowing full well they were to sit on spiked chairs, certain to be impailed. The immediate reaction was for the Kremlin to abandon the USDollar, then convert Petro-Dollars into Rubles and Gold bullion. The propaganda was laughable (although swallowed almost whole), that the Kremlin was selling gold to buffet their Ruble, draining their reserves. The truth is more like dumping the USTreasury Bonds to fortify the Ruble, while converting Oil sales proceeds into more Gold reserves. The other major effect was to encourage far more teamwork between Moscow and Beijing, a marriage of trade and finance whose nuptials are written on newly fashioned capitalist scrolls. Only the truly stupid in the US morass call Russia and China communist, when the US has turned vibrant rabid fascist.

The rapid development on non-USD platforms is both impressive and profound, many linking Beijing to Moscow. The backfire of the Russian food ban on EU farm products will eventually bankrupt numerous large agricultural businesses in Southern Europe. Red ink flows as fast as unsold farm output rots. Resentment of leaders for following the unelected EU Commissars has grown loud and shrill. Expect China to buy up the struggling farm businesses, then to divert one third of the farm output to China, amidst hue and cry. Pitchforks might be soon seen at government office steps. Already the French have dumped livestock manure on Paris official office steps. Russia has forged new deals with South American food suppliers. China is enjoying the lower oil price, not being a producer. Watch even the large US energy firms sidestep the sanctions eventually, or simply trample the sanctions in bold steps.

SYRIAN CONFLICT & CYPRUS BAIL-INS

More backfire can be spotted from Syria. The locals recently shot down a British aircraft that was supplying the ISIS guerrillas. Lies in the Western press will cover up the event. The Iran Gas pipeline will eventually happen, and link to the Med Sea. The war is exposing how Langley, MI6, and the Saudis are behind ISIS, in planning, in supplies, in recruits, in organization, and in funds. The fabricated falsified videos of beheadings are being recognized as fake, the tell-tale signal being no blood squirts. Danger lurks, since the USMilitary under Pentagon aegis has taken up arms against Langley mercenaries. Endless war and constant chaos is the name of their game for the US War Machine. Propaganda is endless on the network news. Nothing will stop either the Iran gas routes to link up with Russian Gazprom or the naval port in Tartus remaining in Russian hands.

By now, it is quite clear that the Cyprus bank bail-ins had multiple motives. The alienated bank clients have moved out. The national government has no more attention span for the EU Commission or their haughty rule, as the rapid of Cyprus is complete. The hidden motives were to block Russian bank operations, the window to the West for which was the many Russian banks located on Cyprus. The other big hidden motives were to obstruct the Russian conversion of USTBonds into Gold bullion through the Cyprus bank window. The leaders of Cyprus have begun to pitch manure in the EU & US faces, as they are turning East with a fresh Russian naval base deal. In fact, the progress made by the Kremlin in Turkey was critical. The Turkish contingent in Cyprus offers leverage to win the copper island for Russia. Once again, the West raped a nation, and it turned East in the aftermath. Chalk up yet another key Russian Military gain. Russia will capture Ukraine, Turkey, and Cyprus. Then China will capture the entire Southern European sector known as PIGS, with their farm output. The US-UK-EU will lose all of Eastern Europe. The United States will be further isolated.

CUBAN EMBARGO

In 2014, again without much fanfare, both Russia and China paid official visits to Havana. The Kremlin forgave a chunk of the old Soviet debt, then inked a deal to expand a commercial base near the Mariel Port outside the capital. It will include an expanded marine base and expanded air base. The initial plan will focus on commerce, like a small free trade zone. Expect the plan to focus later on a new Russian Naval Base centered on Mariel, to be consummated when Cuba slips on its first debt obligation. Perhaps the military base usage is part of a hidden clause in the debt forgiveness pact. A naval base will be within view of the US shores. Both Russia & China are adding substantial direct investment in Cuba, a small strategic island nation of 11 million population. The national poverty might be addressed from the development. The leverage will be enormous, for both local benefit and a Russian Military base. The Washington clown show arrived last month, made their pitch for contracts, and were shown the door. They were called hypocrites behind their backs. The US will be cut out, most deservedly. Numerous Russian and Chinese firms will be active in the coming months, in a highly visible manner. They will hire Cuban workers, and enable trickle down. And not even mentioned was the Russian energy firm invasion into Mexico, which opened up PEMEX to foreign contractors. Not one single US energy firm contract has been spotted. The USGovt is far more pre-occupied with Mexican narcotics, and gun running to supply the drug lords. See Operation Fast & Furious a couple years back. The Chinese own major Mexican ports, just like in the United States and Canada.

NICARAGUA CANAL RECONSTRUCTION

The Jackass has been dubious of the Nicaraguan Canal, to be funded by $49 billion in Chinese investment. Hardly hidden are marine bases on each coast, and an airport on Pacific coast next to San Juan del Sur (a lovely partially developed coastal area). The jump from marine base to naval base, and from airport to air base, can be very quick indeed. The harbored skepticism on its completion and smooth operation comes from many extensions. Already the local resistance is considerable, for both environmental and homeland displacement. A few other critical concerns will show themselves over time, like timber wealth and dredge risks, not to mention the large Chinese contractor has exactly zero experience. The cut to the Sandinistas will be considerable. The hushed tones are wondering if the Managua regime will use the project as a retirement sendoff in jubilacion. Expect again, like in Cuba, for the marine bases to eventually feature Chinese Naval vessels and for half the airbase to eventually be run by the Chinese for supply purposes, maybe even laborers. It is hard to imagine much tourism fostered by the new airport, but it is possible. Foreign property investment would bolster the local economy, which sorely needs the infusions. The encirclement of North America by the Russian Military in Cuba and Chinese Military in Nicaragua will soon be concluded as fait acompli, a massive strategic blunder by the USGovt. With attention in Ukraine, Syria, Iran, and Yemen, the Beltway Bellicose Bozos overlooked their own backyard.

CONCLUSION

The USDollar is soon to fade into oblivion. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road with accompanying Maritime Routes. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The movement cannot be stopped, not even by war. In fact, the Ukraine War will eventually catalyze the Eurasian Trade Zone, with European entries harboring disgust. The safe haven is not the USDollar, but rather Gold & Silver, otherwise defined as money. Banks find refuge in bullion bars, while individuals find refuge in bars & coins. Foreign nations will find refuge by banning the USDollar in trade settlement and banking reserve systems.

The crisis is better described as the Global Monetary War. The entire world will soon be in opposition to the USDollar. The majority of nations wish to establish trade and monetary system upon gold. The rogue nation will be the United States, in more backfires from its failed foreign policy. The United States will succeed in isolating 85% to 90% of the community of nations, and thus win isolation for itself. The US faces deep risk of falling into the Third World, as such endemic characteristics grow. As the Jackass forecasted, 2015 has begun with a sequence of rocky events, as unstable factors appear in nasty sequence. The USDollar will die a horrible death, and Gold will return to its rightful throne. The US must find a new currency to use if it expects to guarantee import supply and to avoid unspeakable shortages. The West Coast dock strikes and shipping impasse have demonstrated the supply chain vulnerability. The return of Gold to its primacy is coming It is long overdue. The USD will be chucked into the dustbin. It is toxic.

 

 

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(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 at www.GoldenJackass.com. For personal questions about subscriptions, contact him at JimWillieCB@aol.com

 

Silver Doctors

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Written by testudoetlepus

March 5th, 2015 at 5:31 pm

The Amherst Cauldron – Finishing School For Nazis

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[This is a guest post by Albert.]
Tuesday, February 24, 2015

We have been fortunate to be outside the United States for these past three months, and able to take our news unfogged by the media cabal. The parallel universe occupied by US news is especially poignant when viewing something like the situation in the Ukraine. Lately we have been watching a rebel counteroffensive that had surrounded and slowly exterminated the NATO puppet army in the Donbass region, around the railway hub at Debaltsevo, in a military maneuver called “the cauldron.” It was executed by volunteer foot-soldiers who, armed with small arms and trophy mortars and rockets, scored a massive victory against attacking battalions of Empire's tanks and heavy artillery backed by NATO drones and AWACs.

The Russians remember “the cauldron” all too well. In the winter of 1941-1942, during the Wehrmacht Blitz on Stalingrad, Germany's northern offensive was stopped and surrounded in the Valdai Hills near the town of Demyansk. There, nine of Stalin's armies attacked Field Marshal Wilhelm Ritter von Leeb’s Heeresgruppe Nord (Army Group North) with the objective of breaking the siege at Leningrad and pushing the invaders farther west, away from Moscow. The Germans were facing a vastly superior enemy while freezing in their threadbare summer uniforms.

Cut-off German units formed strongpoints in villages that were bypassed by Red Army assault troops, and follow-up Soviet units had to constantly siphon off forces to try and overcome them. Some of the strongpoints fell, while others held out for weeks. Hitler demanded Demyansk be held at all cost, so the German commanders were denied the freedom of action necessary to prevent a Russian flanking maneuver. On February 9, contact with overland supply lines was severed and the Demyansk Kessel (cauldron) was born. Fortunately for the Germans, the Luftwaffe, at the cost of 265 aircraft, was able to resupply the 100,000 troops trapped there until a breakout could be mounted in March.

Which brings us to the present moment. We have been scratching our heads for an analogy by which to explain the war in Ukraine, which is auguring in a new Cold War between the US and Russia, to USAnians whose only sources of information are The New York Times, CNN or Fox. It is easy enough to watch Russia Today or read blogs like Club Orlov, but most people don't—and so absorb the sabre-rattling by senior Washington officials as if it were grounded in some actual facts. The analogy we concocted, while imprecise and awkward, nonetheless serves a purpose, which is to expose the psychotic break with reality that has taken place in the US media. Imagine, if you will, the region of New England plus New York in place of the Ukraine, with Albany in the role of Kiev, Maine in the role of Crimea and Canada in the role of Russia. To make the analogy work, we will have to assume that New York City will undergo a spontaneous existence failure at some point and leave that subject unexplored.

 

Wall Street Bankers watch warily from their penthouse eyries the power that populist movements like Occupy is gaining, especially in Albany but also in the New England States. Determined to thwart them, lest a revolt gather momentum against their interests, they decide to funnel millions of dollars to right wing rabble, to cause massive trouble… and to then wrest order out of the ensuing chaos (this part of their plan was always a bit sketchy, but they couldn't think of anything better).

Unfortunately, the only psychologically normal right-wing rabble they can find wouldn't pass the physical due to weight issues and is permanently glued to giant plasma TV screens with their mouths stuffed full of cheese doodles, and so they have to go with the rejects: skinheads, neo-Nazis, gun freaks and prepper wing-nuts. A State Department official is tasked with feeding and herding these rejects together.

After a sudden and severe downturn in the stock market, the economy goes into free-fall and events spin out of control. Anarchist rallies take place throughout New England. A prominent Goldman Sachs broker's Connecticut estate is overrun and videos posted to YouTube show pearled chandeliers and gold faucets. Throughout New England, grassroots efforts drive legislators to enact sweeping reforms. A new “uniform code” of banking reforms, designed to break finance cartels and prosecute fraud, takes hold among the states, snatching the initiative away from the bureaucratic heel-draggers at the federal level.

Then comes the great day that changes everything. It starts as a small protest march in Albany, to which the State Police predictably overreact. But then a group of snipers, of unknown provenance, kill a hundred or so people, both protesters and police among them. After that incident, a group of rioters, some secretly in the pay of Wall Street and coordinated by the US State Department, seize the Capitol in Albany. Much to everyone's surprise, the New York National Guard defects to the rebel side. Despite impassioned pleas from the Canadian Premier, Washington does not send in troops to restore order.

In the anarchy that is Albany, a slate of fresh faces wins a statewide referendum and forms a new state government. It is quickly endorsed by other parts of the emergent “New England Federation” of states, all of which want to push back against the Wall Street bankers and their corruption by enlarging the scope of the uniform code. But the federally-funded wing-nuts also move quickly to consolidate their power, pushing through a wide-reaching agenda of oppressive laws. Some states in New England try to distance themselves, while others serve as apologists. Maine surprises everyone when it decides that it wants nothing to do with any of this and votes to secede and join Canada. Washington vows to take Maine back but it is trying to walk a narrow line with Canada, whose fossil fuel resources it views as indispensable.

Instead, Washington imposes sanctions. Céline Dion is denied a visa and has to cancel her Las Vegas shows. Steven Colbert, Justin Bieber and other Canadians suffer similar indignities. Downward pressure is exerted on gold and silver prices, hurting the largest Canadian pension funds, and a speculative attack on the Canadian dollar drives down its exchange rate temporarily.

But now things get interesting. Having installed its hand-picked crazies in Albany, Washington can no longer control them. It is a textbook example of blowback. Aghast, the states to the East look on as their civil rights are revoked, non-New York residents are openly discriminated against and draconian rules and taxes are levied. All New Yorkers between the ages of 15 and 65 are conscripted into the New York Militia. Over 700,000 of them refuse to serve and flee into Canada, while another 100,000 or so flee to other states. With anyone with two legs and a brain heading for the border, Albany's recruits can only be described as “bottom of the barrel.” Many of them turn out to be quite interested in pillaging and terrorizing the population, but when it comes to fighting they are very quick to abandon their weapons and either run away or surrender.

Massachusetts, Vermont and New Hampshire start to protest the heavy-handed Albany laws and begin withdrawing their support. Albany overreacts to this and sends its National Guard troops to take part in an “Anti-Terrorist Operation” to crush a large protest march in Boston, claiming that Massachusetts invited its help. When the tear gas and the pepper spray only enrage the crowd, the Guard escalates by going block-by-block with tanks and armored personnel carriers. When this tactic fails due to extreme hostility from the locals, the Guard withdraws to the outskirts and starts lobbing shells into the city from a safe distance.

The National Guard also digs in at Logan International Airport and from there commences a methodical shelling campaign of the city, laying waste to a number of symbolic, non-military targets such as the Boston Symphony, the Museum of Fine Arts and Faneuil Hall. This shelling campaign backfires massively: when a ballistic missile destroys Boston Latin School in the middle of the school day, entire neighborhoods of Boston line up to enlist with the Massachusetts Minutemen. The dispirited draftees and assorted wing-nut rejects fielded by Albany now face off against the entire professional class of Boston, which is determined to obliterate them.

In addition to the residents, numerous alumni of Boston's many colleges and universities filter in to take up arms in defense of their alma mater. The MIT grads specialize in interfering with and shutting down Albany's communications, which they can do more or less at will, while the Harvard grads launch a publicity campaign which defeats Albany's efforts at spreading propaganda and disinformation. The graduates of Boston University's College of General Studies work clandestinely to destroy the enemy's ability to spell, punctuate and do sums. The graduates of Berklee School of Music do their patriotic best by “embedding” themselves with the enemy and giving them a wide assortment of venereal diseases. And that's just four from a list of over a hundred local institutions of higher learning!

When the Minutemen finally regain control of the airport, where there is now hardly any above-ground structure left standing, they discover its numerous sub-basements and communications tunnels clogged with corpses. In addition to the usual wing-nuts from upstate New York, they identify quite a number of members of Blackwater/Academi, a few Navy Seals, some members of Homeland Defense, plus a few known Islamic terrorists. They let them rest where they lay and backfill the entrances.

When support rallies break out in Burlington and Brattleboro, Albany sends massive “anti-terrorist” strike forces there as well, clandestinely equipped by the Pentagon with missile batteries, tanks and artillery. However, not wishing the secret hand to become too obvious, operational control is left with to the Albany wing-nuts, who, not being adept at military maneuvers, get lost and find themselves encircled at Amherst, in Western Massachusetts and being slowly decimated by the Massachusetts Minutemen.

The New York National Guard now finds itself snow-bound, trapped in the cold, but killing whatever local residents they can find because that's all there is for them to do, while Washington faces a dilemma. Does it send the 82nd Airborne to relieve them, as John McCain is demanding? Canada steps forward and brokers a ceasefire between the rebels and the encircled NY Guard, but either Albany fails to give the orders to extract its stranded force, or their orders are ignored, and so fighting in the cauldron resumes.

As the National Guardsmen eventually surrender or flee, they abandon to the Minutemen 80 or so tanks that only lack fresh batteries, mended track or diesel fuel, hundreds of armored personnel carriers in similarly serviceable condition, railroad car-loads of ammunition, lots of artillery and mortars and countless heavy machine guns. The Massachusetts Minutemen now have all the weapons they need to equip 100,000 fighting men and march all the way to Albany, but disgruntled National Guardsmen may blow it up before they can get there.

What is Washington's response now? In what amounts to group psychosis, the Canadian Prime Minister is personally blamed for everything that has happened. The Norfolk fleet is moved to just off Halifax, where it spends its time steaming about on random headings. More stars of film and music, including Anna Paquin, Seth Rogan, Ellen Page and Mike Meyers, are singled out and denied visas. There are rumors of plans to seize the Alberta Tar Sands if Canada does not stop arming the rebels, despite zero evidence that the Massachusetts Minutemen are using anything more than what was in their own National Guard armories, plus whatever they took as trophies in the many battles they won.

Albany is portrayed as the region's defender of freedom and rightful government, with the implication that it will bring the whole region back into Washington's fold if given more time, money and weapons. No reporters can be bothered to interview Vermonters or to go to Maine and find out how things are going there now that it is a province of Canada. Certainly no one ventures anywhere near Amherst, which has become a heavily mined free-fire zone and a junkyard for abandoned tanks and APCs. No effort is made to find out what happened; instead, every effort is expended in presenting the Canadians as bloodthirsty criminals with imperial ambitions.

The Canadian reaction to all this remains predictably low-key. It seems that an extreme northern climate does not easily give rise to tempestuous expressions of public will. In spite of being sorely provoked, and in spite of continuous non-payment, the Canadians decline to shut off the electricity supply from HydroQuébec. After welcoming Maine into the Confederation, the Canadians limit their involvement in the conflict to provision of humanitarian aid via endless convoys of white maple leaf-emblazoned tractor-trailers, unconditional acceptance of all refugees from south of the border, and very active diplomacy with the aim of bringing about a cessation of hostilities.

 

This is by no means a perfect analogy, but consider what the US media was saying as the Debaltsevo cauldron scenario unfolded. There was almost no mention of the cauldron, or why the latest ceasefire, which took 17 hours to negotiate, lasted just a few minutes—until the Ukrainian forces opened fire again, openly ignoring their orders. MSNBC just read the State Department press releases and the remainder of the media mainly recycled talking points from delusional windbags like Bill O'Reilly and Rush Limbaugh.

One obvious difference between the two narratives is that it is unlikely that the twerked-out populace of US states could ever organize an effective opposition to their ruling oligarchy, so our account is likely to remain fictional. But in the Ukraine the nightmare is real, ongoing and will not end well for anyone—not even for the oligarchs who started it.

 

Club Orlov

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Written by testudoetlepus

February 25th, 2015 at 11:55 pm

Not A Debtor? You Don’t Exist!

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by Karl Denninger

As if all the other insults of Obamacare aren't bad enough, here's a new one I just became aware of.

When you go into the exchange to buy insurance the site verifies you're a person, and a citizen. Well, so it says.

What it actually does is contact Experian to "verify" your identity.

If you have no credit record because you've never applied for or held credit in your name, the system refuses to confirm you, and in fact even after an hour-long phone call they will still refuse!

The only way to confirm in that case is to send a paper copy of your driver license and Social Security card (and sometimes your birth certificate) to them for manual processing, which of course, may take a while — and during which you can't do anything.

This is true even if all of the below are true:

You have a Social Security Number and yes, it's yours.

You have a job and thus W-2 income tax has been withheld and deposited in your name.

You have filed tax returns and thus the IRS knows damn well you exist, because they've taken your money and (in many cases) refunded your overpayments, all linked (of course) to your Social Security Number.

You have a bank account for which, I might add, you had to supply said Social Security Number.

You have a Real ID Compliant Driver License for which you had to supply both your Social Security Card and your Birth Certificate to the state to obtain and which, I might add, they kept copies of in a database.

If you're male, you have registered for Selective Service (as required by law.)
You might even have a Passport, which of course requires that your citizenship has been vetted by the State Department.

Yeah!

If you have done all of the above, are a taxpaying citizen, have (or had at some point) a job, have filed and paid taxes, have a Real-ID compliant Driver License and even have a Passport, submitting proof of your citizenship multiple times to various state and federal agencies and are conducting your life with such proof in hand every single day you still do not exist for the purpose of buying health insurance on the "exchange" unless you have been in debt at some point and thus have an Experian Credit File.

If you have chosen to live a life that requires no credit (or are too young to have wanted it), which incidentally is a good thing not bad, from the standpoint of Obamacare you do not exist.

I'm not kidding.

I didn't believe it until I verified it.

WTF is wrong with you, America, for putting up with THAT?

 

The Market Ticker | Karl Denninger

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Written by testudoetlepus

February 23rd, 2015 at 3:03 pm

Jim Willie: Gold Will Return to Its Rightful Throne!

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The new dust bowl has shown itself, as USTreasury liquidity dries up. Since 2009, USTreasury debt has increased by 87.5% while the USFed purchases have increased by 417%. It is a travesty. The USFed is the bond market. The USGovt will ride the USDollar over the cliff, as it breaks all global pacts on the Reset. The entire world will soon be at war with the United States, since the majority of nations wish to establish trade and monetary system upon gold. The rogue will be the United States, in the final boomerang whiplash. The United States will succeed in isolating 85% to 90% of the community of nations, and thus win isolation for itself. The US faces deep risk of falling into the Third World, as those characteristics appear on every corner and every wall. 2015 has begun with a sequence of rocky events, as unstable factors show their face one by one. The USDollar will die a horrible death, and Gold will return to its rightful throne. The return of Gold to its primacy is long overdue.

 

by Jim Willie | Goldenjackass.com

Today marks the Chinese New Year, the day promised for unleashing forces from the East which complete the Global Paradigm Shift. Let it rain; let it pour. For a full generation, the Western central bankers have relied upon debt to solve debt saturation problems as well as economic slowdowns founded within the credit cycle. In the last four years, they have added reliance upon free cost printed money to solve debt saturation and insolvency problems. The USTreasury Bond market has vanished for all practical legitimate purposes, a harbinger of the USDollar death event. With no surprise to the Jackass, the entire Western financial and economic system is not just decaying, but failing. Witness a systemic failure in progress. For over a year, my drums have been beaten in detailing how the QE bond purchase program kills capital by leading to a rise in the entire cost structure. The endless wars in defense of the USDollar have added to strains. The sanctions have all backfired. While the US leaders pound their chests like Third World demagogues, they preside over ruin with maggots crawling at their boots. The debt picture is abysmal, and grows worse by the month. This article is but a brief survey of the wrecked fields of debt crops. Review some of its many rancid decayed farms. It is not pretty. Remember the bankers in charge call their policy a stimulus. To be sure, it stimulates ruin and fosters systemic failure. Mission Accomplished!

 

SOVEREIGN DEBT MONETIZATION PARADE

Over 100% of newly issued sovereign debt is being monetized, in a stunning development. Global net sovereign debt issuance will be negative this year, over and above what central banks purchase. The New Normal is to monetize all debt and avoid poor outcomes in bond auctions. Observe the death of money. Then again, the United States has no concept of money anymore, or of capital, surely not savings.

 

Morgan Stanley produced and promulgated a chart which shows the net issuance of government debt in 2015 in a remarkable reflection of a bizarre reality. It will not only be the lowest in history, but in fact for the first time in history be negative. The perversion of money is acute and out of control. For the first time ever, the industrial so-called developed world through their central banks are currently monetizing over 100% of global sovereign debt issuance. The major central banks are purchasing all the newly issued debt plus some rolled over debt, thus forcing bond yields lower. Focus is given to the top four nations. The claim of normalized monetary policy is a grand lie, a charade, and travesty. It is a feeble public propaganda joke. In fact, another indicator serves as perversion. Fully $3.6 trillion in global debt is trading at negative yields. The monetary mavens are firmly fixed in the Twilight Zone. Fiat money is fast approaching death’s door, as fiat money stewards have lost control. Interest bearing securities bear no interest, while having turned toxic. The Western banking system is a toxic storage silo, the high priests but mere wizards wearing pointy hats preaching false dogma, with millions of blind admiring followers heading into the abyss. Zero Hedge does an utterly outstanding job on covering the real financial and economic news. A very big hat tip to them, which is a primary research tool.

 

PONZI ECONOMICS STRIKE USDOLLAR

The USDollar is exploding before our eyes, but the great majority cannot see it. The QE monetary policy assured it death. The fast money supply growth coupled with fast debt rise indicate an implosion as certainty, which even the trained Harvard University and the University of Chicago economist monkeys can notice as an extreme warning, if not death knell. Their silence is deafening and noticed.

 

Fiat paper money is a doomed concept with finite life span. Debt poses as money, while the supply must grow vertically when nearing the morgue entrance. Additionally, one can no longer look at one central bank or their balance sheet in isolation. They must be viewed together, since policy is coordinated with swap lines and obscure derivative. They are all integrated through complex methods. Notice the vertical trajectory in effective money supply measured in $trillions. In order to maintain a Ponzi Scheme at its final stage, vertical growth must take place in supply for investment purposes, just to keep the system stable. It is not feasible or possible. A stack of one million $1 bills reaches as high as New York’s Empire State Building. A stack of one billion $1 bills reaches into the earth’s stratosphere. A stack of one trillion $1 bills reaches a quarter the distance to the moon. People have no concept of money, nor any awareness of the death of fiat money in progress. Thanks to Rob Kirby for the basis of a fine graph.

 

 

UNCHECKED GROWTH OF GLOBAL DEBT

Since the subprime bond explosion and Lehman failure, global debt has grown by $57 trillion, a huge rise since 2007. The implemented non-solutions to debt saturation and default have been more debt in a Twilight Zone moment that continues from expedience. The Taper Talk trial balloon was very telling, as in how they cannot stop. They just lie better. Japan, Spain, Portugal, and France are the worst anticipated future offenders in added debt. The government and corporate sectors are egregious offenders also.

 

McKinsey is the largest strategic management consulting company in the world. It has begun to join the contrarian perspective. Their analysis and guidance cannot be ignored or overlooked. “Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or de-leveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points. That poses new risks to financial stability and may undermine global economic growth. Given current primary fiscal balances, interest rates, inflation, and projected real GDP growth rates over the next five years, we calculate that the ratio of government debt to GDP will continue to grow in many advanced economies, including Japan, the United States, the United Kingdom, and a range of European countries. Central banks in general are hell-bent on forcing more debt into the system. Given that debt (and the ability to pay it back) is precisely the problem, attempts to force more debt into the system is 100% guaranteed to blow up at some point. Asset bubbles are building and the Fed (central bankers) do not see them. Instead, they focus on consumer price deflation which actually should be a welcome thing.”

 

The study focuses on stability and growth, when it should address systemic failure risk instead. The decline in consumer prices often comes on the back of business liquidation, another blind spot in the study. Instead of capital formation in the Western nations, the emphasis has been on debt patches, failed firm rescues, extended job insurance, and handouts. Notice the rise in outstanding macro debt in the last seven years, during which no solution has been pursued. Only bank welfare has been practiced, with banker elite in charge of official policy.

The central bankers have gone totally amok. Their focus is errant on deflation data. Their focus remains fixated upon QE and bond monetization support, which lifts the bond sector but kills the capital within economies. Their focus is on distorted viewpoints, false dogma, and dedication to the big banks. They are wrecking the entire global financial and economic system. The true solution is their scourge, a return to the Gold Standard, a return to sound money, a return to honest trade settlement, and a return to hard asset bank reserves (not debt). See Global Economic Analysis (HERE).

 

USTREASURYS ON SHRIVELED VINE

The new dust bowl has shown itself, as USTreasury liquidity dries up. The USFed dominates the Treasury and Mortgage Bond market purchases, driving out almost all others. Risk has risen, as normal players have departed. Small amounts can move the USTBond market, a recent danger signal. Expect volatility and derivative stress, possibly higher borrowing costs. The USGovt will ride the USDollar over the cliff, as it breaks all global pacts on the Reset. The nation will earn unspeakable global isolation for its financial fraud, its forfeited industry, its corrupted legislative process, its war devices to defend the USDollar, and its sanctions backfire.

 

In an unlikely exposure, Bloomberg has given attention to the dried up USTreasury Bond market. The USFed with its QE policy, adopted across the world, has killed the market by dominating its purchases, driving out legitimate investors. For decades, the $12.5 trillion market for USGovt debt was renowned for its depth of liquidity. Wall Street would boast the depth enabled large trades without big moves in prices. Its erstwhile resilience has essentially vanished, the new cause of widespread worry. In normal textbook manner, less depth used to mean greater volatility. Nowadays it means more stress on the hidden QE devices such as Interest Rate Swaps and foreign channel usage of swap facilities to obscure central bank purchases. Expect the USTreasury market to lose its time honored safe haven status, during times of turmoil. It will be prone to more disruptions, especially if the vague empty threats by the USFed to hike rates is followed through.

 

Worse still, and a very real additional threat, if investors begin to doubt whether they will still be able to buy and sell on a moment’s notice, as in a fully liquid market, two effects could be realized. The volatility swings might begin to show, indicating a damaged weak market. In addition, the risk could arrive that elevates the USGovt cost to borrow. The great risk is for the IRSwap derivative machinery to break in public view (grand spectacle). The data is alarming. The bond market has lost significant liquidity. One year ago, it was said that a player could trade about $280 million in USTreasurys without causing prices to move, according to JPMorgan Chase. Nowadays, the same firm estimates a mere $80 million can swing the bond yields more than a few blips.

 

The Federal Reserve gobbling up a significant share of Treasuries and Agency MBS is a big contributor, the main player seen in the graphic. The USFed has been over the last seven years gobbling up supply of sovereign debt and agency debt, lifting its toxic balance sheet to rarified levels marked recently at $4.5 trillion. The balance sheet will go higher, since the available ready bond investors have retreated.

Since 2008, the rise in public debt goes hand-in-hand with USFed purchases of Treasurys and Agency MBS bonds. Since 2009, USTreasury debt has increased by 87.5% while the USFed purchases have increased by 417%. It is a travesty. They are taking in current deficits converted to bond securities, as well as rolled over bonds at maturity. The USFed is the bond market. Other bond participants in the private sector have actually been decreasing since 2013. However, USTreasury trading liquidity for primary dealers remains fairly constant, under obligation in effect. They are force fed bonds, often against their will, usually with a horrendous risk-benefit situation. See Confounded Interest (HERE).

 

BIG BANKS FALL TOWARD JUNK

Credit Suisse Bank, Barclays Bank, Lloyds Bank, and RBS Bank all fell into shame, having become BBB rated banks (garbage can lids). They are near junk, rated without any hint of prestige. More crisis cometh. The next singular crisis event will send the British banks into African junk status. What is happening to the British banks would happen to the US banks also, except the debt rating agencies take marching orders and decision directives from their Wall Street mafia masters.

 

The rotten condition of Western banks has become a reality, reflecting insolvency and near ruin beyond the potential. No major media has mentioned their fallen condition, since doing so would cause further panic across Europe. The leaders have fallen from grace. Credit Suisse Bank, Barclays Bank, Lloyds Bank, and RBS Bank have become BBB rated banks since early February, each rated similar to India, Brazil, Spain, South Africa, Mexico, Thailand, even Kazakhstan and the Philippines. These nations are all rated at BBB. Some of the biggest formerly prestigious banks in the world are currently rated equivalent to many mid-level countries around the world. Their governments lack the funds or tax receipts from a vibrant economy in order to support their banks. They lack industry. No crisis can be withstood, not anymore. The ongoing crisis cannot be managed. With pressure by Greece to exit the common Euro currency union building, with the oil price plummeting, with the EUR &GBP & AUD & CAD exchange rates declining over 20% in the past year, all these Western pillar banks are just one level away from junk status. The source for debt ratings is Standard & Poors.

 

Company Old ratings New ratings
Barclays A-/Negative BBB/Stable
Credit Suisse A-/Negative BBB+/Stable
Lloyds A-/Negative BBB/Positive
HSBC Holdings/ USA A+/Negative A/Stable
Royal Bank of Scotland BBB+/Negative/A-2 BBB-/Stable/A-3
Standard Chartered A/Negative/A-1 A-/Stable/A-2

 

The descent to ignominy has been steady and relentless since 2007 and 2008. At that time, the Western banking system went bust, without the trumpets or funeral pyre. The torch was put to their balance sheets, while no viable solution was officially sought. Their respective ratings have declined in downward ratchet steps since 2007 when the global financial crisis began. All these once stalwart banks were rated AA until 2007, then dropped to A in 2008, then dropped further to A- in 2013. Finally they have dropped to BBB rating, one level above junk status. The next crisis blow with harmful impact will place the big banks in junk territory for certain. Another crisis blow is a firm guarantee.

 

ROCKETING CANADIAN HOUSEHOLD DEBT

New alarm bells ring over household debt. Canada faces significant slowdown, especially in the energy sector. The Canadian Economy has shown a new distress signal. Its household debt burden has outpaced most developed countries. In fact, Canada had the second biggest jump in household debt-to-income ratios of any country other than Greece between 2007 and the second quarter of 2014, according to a new McKinsey study. The nations of Canada and Australia along with a few in Northern Europe “now have larger household debt burdens than existed in the United States or the United Kingdom at the peak of the credit bubble.” The report was based on data to the second quarter of last year. The doorstep to the Third World is in view, as the Jackass has forecasted for over seven years. The McKinsey Global Institute examined 47 countries and identified several with potential vulnerabilities in household debt that could lead to financial instability and adverse economic consequences. They are the Netherlands, South Korea, Sweden, Australia, Malaysia, Thailand, and Canada.

 

The land of the great white north, known as Canada, which comprises 12% of Hat Trick Letter subscribers, is witnessing a chronic recession in eastern provinces, and new shock from energy price decline in western provinces.  The national GDP saw decline in November. Last year’s job growth has been revised lower, which was already subject to fantasy. The prospect of business development has been restrained in the nation, where oil has been a driving force. Since 2Q2014, certain factors make the picture in Canada more gloomy. Household debt-to-income ratio has risen further, to a record 162.6% in Q3. House prices continued to climb, though the pace is slowing. A housing market crash is overdue in Vancouver and Alberta. The Bank of Canada cut interest rates in January, with another reduction possible in March. Expect even more debt to be loaded on. See The Globe & Mail (HERE).

 

CONCLUSION

Today is the Chinese New Year, a significant event. People have had adequate warning to prepare themselves for conclusion events, certain to occur with fireworks. The USDollar is soon to fade into oblivion. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road with accompanying Maritime Routes. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The movement cannot be stopped, not even by war. In fact, the Ukraine War will eventually catalyze the Eurasian Trade Zone, with European entries harboring disgust. The safe haven is not the USDollar, but rather Gold & Silver, otherwise defined as money. Banks find refuge in bullion bars, while individuals find refuge in bars & coins.

 

The crisis is better described as the Global Monetary War. The entire world will soon be at war with the United States, since the majority of nations wish to establish trade and monetary system upon gold. The rogue will be the United States, in the final boomerang whiplash. The United States will succeed in isolating 85% to 90% of the community of nations, and thus win isolation for itself. The US faces deep risk of falling into the Third World, as those characteristics appear on every corner and every wall. See the crumbling interstate highway system for a recent example, or official monetization of debt as a better example. As the Jackass forecasted, 2015 has begun with a sequence of rocky events, as unstable factors show their face one by one. The USDollar will die a horrible death, and Gold will return to its rightful throne. The return of Gold to its primacy is long overdue.

 

 

 

 

THE HAT TRICK LETTER | PROFITS IN THE CURRENT CRISIS

“For over five years I have been eagerly assimilating any and all free information (articles, interviews, etc) that Jim Willie puts out there. Just recently I finally took the plunge and became a paid subscriber. I regret not doing this much sooner, as my expectations were blown away with the vast amount of sourced information, analysis tied together, and logical forecasts contained in each report.”

(JosephM in South Carolina)

“Not only have I seen many of the things you talk about in the public arena come to pass, but I have seen many of the things you say repeated three months later by the other analysts. Congratulations!”

(MannyM in England)

“Jim Willie is a gift to our age who is the only clear voice sounding the alarm of the extreme financial crisis facing the Western nations. He has unique skills of unbiased analysis with synthesis of 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 at  www.GoldenJackass.com. For personal questions about subscriptions, contact him at  JimWillieCB@aol.com

 

Silver Doctors

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Written by testudoetlepus

February 23rd, 2015 at 2:32 pm