No use trying to outwit the NSA . . . .
Several years ago I invented / patented ( and sold to NSA ) a nanochip that transmits ( via radionic-scalar-torsion waves — RSCTW ) a hologram of all pressurized movement ( e.g., writing on paper ) of a pencil or pen. Another embodiment of the invention is designed to work with typewriters ( each key has its own chip ). The RSCTW transmissions of EVERYTHING you write are recorded in an infinite-capacity artificial Akasa, also invented by me.
These devices are now embedded in all pens, pencils, crayons, and typewriters.
Now I’m filthy rich, and I have Hyper-Cosmic Security Clearance with a prepaid ticket to the Pleiades when the SHTF.
Sayonara, suckas !
a photo by William Banzai7/Colonel Flick on Flickr.
End of the U.S. Dollar Regime | Jim Willie – (Episode 1)
US Bonds Dumped, New Gold Backed Currency | Jim Willie – (Episode 2)
IN THIS INTERVIEW:
- Germany Pivoting East and moving away from the U.S. Dollar fiat currency regime ►
- U.S. Dollar being defended by war and military ►
- BRICS nations to embrace new gold backed currency ►
- Why did Germany request data about investors’ precious metal holdings? ►
- Massive conversion of U.S. Treasury Bonds into gold bullion ►
FINANCE AND LIBERTY:
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by Greg Hunter – July 21, 2014
Derivatives and gold expert Rob Kirby contends financial markets are controlled by the U.S. Treasury. For example, Kirby contends, “The Interest rate derivative trade means the U.S. Treasury can make banks captive buyers of any amount of U.S. government debt it wants to issue–literally any amount.” Kirby goes on to say, “The reality about interest rates is they are at zero and they are not going up.”
Kirby says the financial markets are not the only thing controlled; so is the current global chaos. Kirby explains, “The chaos is planned because the architects of the chaos are the globalists. The globalists have a little saying: ‘out of chaos will come order.’ So, what they do is whip up animosity and fear and play groups off of one another. . . . The goal of the globalist, ultimately, is to have one world government, one world currency and one world religion. The whole idea of globalism is to first round countries into regional blocks and then merge the blocks into one super country. These people have contempt for humanity, and they have stated their contempt for humanity. They want to reduce the world population by something of a factor of 80-90%. These globalists have taken control of the U.S., Canada, most of Western Europe and the United Kingdom. These people are dangerous, and these people are seemingly taking the work to the brink.”
On the current flood of illegal immigration on the Southern border of the United States, Kirby says, “This makes the war on terror out for what it really is, which is a ruse. I call it prisoner training, and it is indoctrinating people to accept an increasingly over-burdening police state, which is what the United States has become. The current leader in the White House is an aider and abettor of the globalist cause. Kirby goes on to say, “Under the U.N., they want to disarm Americans. Look at the major genocides of the last 100 years. They always disarm before they went on their genocide. Hitler disarmed people before he let loose on the population.”
The U.S. economy is smoke and mirrors, and Kirby points out, “America’s reported growth, reported employment and reported inflation rates are all fiction. With all the dollars that have been created, at some point, those dollars will come home. Ultimately, in the end, that will lead to the destruction of the U.S. dollar. The U.S. dollar is on a trajectory to implode, and it will implode. I can’t tell you when it will implode, but the outcome is absolutely guaranteed. The U.S. dollar will achieve its true value, which is zero. The procedures are in place to make that happen, and that’s why I am a big proponent of owning precious metal. I believe I am going to live to see the U.S. dollar worth nothing.”
Some people think buying U.S. Treasuries is a so-called “flight to quality,” but Kirby says, “U.S. Treasuries are not a flight to quality because debt is not quality, especially when you are talking about debt of an institution that, for all intent and purpose, is insolvent and can’t pay their bills. This is why physical precious metals will win the day. Physical precious metals have been around 6,000 years, which is probably around 5,800 years longer than the dollar has been around, and it’s never gone to zero. Every fiat currency has gone to zero.”
On the price of gold and why it is not taking off with all the global chaos, Kirby says, “If we had free markets, gold would be going up in spades. We effectively have a goon squad that comes in and clobbers the price of gold with paper contracts. They will dump tons and tons of paper contracts on the market, and there is no gold to back those contracts up.” Kirby also says physical gold, and especially silver supplies, are “tight.” Kirby contends, “I would say the issue in silver is more extreme than gold.” Kirby predicts, “In the next three months, we could see some extremely significant advances in the prices of both gold and silver, and I think there is a very, very, very good chance that’s exactly what we are going to see.”
Join Greg Hunter as he goes One-on-One with Rob Kirby.
After the Interview:
Kirby also told me, “I do believe we are on a major precipice of a run-up in the price of both gold and silver. It will surely be within the next three months and might be as soon as the next three weeks. If you don’t own precious metals, you are a fool.”
by Greg Hunter – July 23, 2014
Financial newsletter writer Jim Willie says no matter who shot down the Malaysian commercial jet over Ukraine recently, there is going to be massive fallout. Willie contends, “Here’s the big, big consequence. The U.S. is basically telling Europe you have two choices here. Join us with the war against Russia. Join us with the sanctions against Russia. Join us in constant war and conflicts, isolation and destruction to your economy and denial of your energy supply and removal of contracts. Join us with this war and sanctions because we’d really like you to keep the dollar regime going. They are going to say were tired of the dollar. . . . We are pushing Germany. Don’t worry about France, don’t worry about England, worry about Germany. Germany has 3,000 companies doing active business right now. They are not going to join the sanctions—period.”
Willie goes on to say, “It’s a war game and Europe is sick of U.S. war games. The defense of the dollar has come to war versus trade. Are you with us or are you against us?” As far as the NSA spying on Germany, Willie says, “I think they are looking for details on assisting Russia on dumping the dollar. I think they are looking for details for a secret movement for Germany to get away from the dollar and join the BRICS (Brazil, Russia, India, China and South Africa.) This is exactly what I think they are going to do.”
Willie thinks as countries move away from the U.S. dollar, the money printing (quantitative easing, QE) increases, and the economy gets worse. Willie calls this a “feedback loop” that he contends, “You get the feedback loop from the damage of lost income that comes from the higher costs that comes from QE. It’s not stimulus, people. It’s a back door Wall Street bailout that degrades, deteriorates and damages the economy in a feedback vicious system. . . . You are seeing the free-fall and acceleration of the damage; and, so now, you get even more cost damage. QE didn’t happen by accident. Foreigners didn’t want to buy the Treasuries anymore. They don’t want to buy a bond where the same central bank is printing money to buy the bond! QE raises the cost structure and brings about shrinkage and disappearance of profits. QE is not stimulus. It’s capital destruction. ”
On the so-called “recovery” the mainstream media has been harping on for years, Willie says, “I believe the U.S. has gone into a recession that it is not going to get out of until the dollar is gone. When you factor inflation in properly . . . we got a monster recession of -6% or -7% right now. I don’t think it will get better until the dollar is disposed of. So, we’re entering the final phase of the dollar.”
In closing, Willie says, “You want to get rid of political obstacles? Go straight to commerce and trade. Why is it that Exxon Mobil is still doing projects in the Artic and still doing projects in the Black Sea, which is Crimea, with the Russians and their energy companies? We already got the U.S. energy companies defying our own sanctions, and yet we are prosecuting French banks for doing the same thing. This is insane. We are losing control.
Join Greg Hunter as he goes One-on-One with Jim Willie, Editor of The Hat Trick Letter
After the Interview:
Jim Willie also said, “All the stories are converging as we now approach the climax.” If you would like to get a subscription of “The Hat Trick Letter,” click here. There are many free Jim Willie articles and interviews on the Home page of the GoldenJackass.com website.
Day of The Dead
It is finally happening in full view, in unmistakable manner, in a way that the awake, the aware, and the conscious can perceive in alarming stunning terms. The central force of Europe, the industrial juggernaut, the stable core, has begun to pivot East. The Germans have had enough, fed up with destructive US activities of all kinds. For the last few months, they have been laying out their indictment, their justification, their reasons to abandon the corrupt US-UK crowd. The bank wreckage, the market rigging, the endless wars, the sanctions which backfire, the sham monetary policy, the economic sabotage, the spying, the gold gimmicks, it has finally reached a critical level. Germany has begun to move East in full view. Only the deaf dumb and blind cannot notice, and they will probably never notice. They are fodder. The awaited signals seen by the Jackass have finally arrived. Berlin is outraged by clear USGovt spying, and in process of conducting a Gold audit among their population. Germany is building motives to split from the Euro Monetary Union (common Euro currency) by forging stronger open ties with Russia & China. The justification is becoming plainly laid out, in four perceived indictment charges. Germany will break from US/UK and its USDollar fiat currency regime over four primary thorny issues.
by Jim Willie, July 17, 2014
The grand stage leans East for the European players, with steps taken to the right, the weight having shifted, the messages suddenly more angry, more filled with disgust, more loaded with open confrontation. The commercial forces aligned with Russia are coming to the fore. The departure after a recent re-election by Chancellor Merkel should serve as the final slam of the hammer. She stood in the wrong camp, the banker and politician camp. They do not run Germany.
The marriage is over, the glow gone, the lawyers in the room, the bitterness in the open. Those exciting Saturday nights with the Germans and French enjoying a good ride with Mustang Sally are over. The once vivacious peppery exhilarating relationship with steamy back room sessions has turned ugly, old, nasty. She has lost her appeal, and worse, has turned vicious and destructive. Sally has stolen the jewelry, wrecked the credit lines, undermined the day job, and backstabbed the neighbors. As time passes, more joint accounts are seen as drained. Sally must go. The once thrilling tosses replete with the excitement of a bucking mare have turned into a kick to the head, a broken bed, as the acidic Buck has fallen from grace and burns holes everywhere. The lascivious flow has turned blood red, hardly a monthly matter.
The only thing holding the relationship and tight liaison together is the heavy narcotics flow through NATO bases and major European banks. Regardless, Sally must go. Her devious devices, tools, ploys, nasty friends, and antics threaten to wreck the European industry supply lines and heated homes. The nation’s accounts are depleted. Sally must go. Her ride is more like a kicking old hag with warts where a sexy smile once resided. Her trust is nowhere. She is wrecking the European house. Sally must go. When Germany turns away from Sally, and shows her the door, it will be clear in the global country club that Sally is gone.
Then eastern winds will blow some fresh air on the putrid parlors.
BERLIN INDICTMENT CHARGES
Berlin is outraged by clear USGovt spying, and in process of conducting a Gold audit among their population. Germany is building motives to split from the Euro Monetary Union (common Euro currency) by forging stronger open ties with Russia & China. The justification is becoming plainly laid out, in four perceived indictment charges. The Jackass believes Germany will break from US/UK and its USDollar fiat currency regime over four primary thorny issues. The four are major indictments, all extremely serious, all indicative of a decayed system and morally bankrupt leadership. The charges are coming into view, highlighting fundamental commercial, philosophical, and ethical conflicts that distinguish the two nations (considering US/UK a single entity). The issues center on the following key differences:
1) Good relations with Russia and continued energy supply from Gazprom
2) Displeasure over planned Draghi Euro Central Bank bond monetization
3) Disgust over NSA espionage by USGovt, with benefit for US corporations
4) Damage to German population from gold price suppression.
The damage began with the refusal to repatriation German official gold by the New York Fed. The damage ends with the USGovt NSA espionage. Germany is very angry, sufficiently motivated to part ways with the US/Anglo camp. The plan to make distance from the British & Americans appears to be well along in execution. The critical stake in the ground was the prosecution, investigation, and forced actions during the Deutsche Bank actions. The trained eye and informed view notices the intense activity for the last two years, as closing all the back doors from the gold halls. Some major eruptions can no longer be brushed aside as simple anomalies. The boils, open sores, and deep rashes are visible everywhere. The London Fix is being abandoned, Deutsche Bank forfeiting its seat, regulatory bodies in the deeply corrupted London Centre concluding nothing askew and all is well. The LIBOR scandal has some German ignition points, with no prosecutions anywhere in sight. The FOREX and Gold derivatives are under intense scrutiny, again with a German hand to unwind the corrupted arenas, with massive naked short raids continuing in the last two weeks.
EXIT USDOLLAR, ENTER GOLD STANDARD
The plan seem obvious for Germany, to exit the USDollar, but first to embrace the Euro as a caretaker currency platform before the Eurasian Trade Zone comes together and offers a gold-backed continental currency with broad shoulders. All of Europe will rally around the Euro flagpole, hunker down during the other financial HAARP-like storm (bearing Weimar nameplate), and ride the storm until the Russian-Chinese hard asset currency arrives. The BRICS have invaded the mainstream Western stage and hold a banner for all to see. The stage has been altered, its weight shifted, leaning to the East. Tremendously important historical events are occurring. The King Dollar is wounded mortally, having fallen off the throne, looking weakened, haggard, and ashen. Sympathy for the US-UK corrupt violent vindictive crew has vanished. Next comes the assaults on the European Commission, that corrupt den.
The path to the Gold Trade Standard is becoming visible, the key break being the divorce between Germany and the US/UK fascists. It complements the divorce between the US and Saudis which has occurred since March. That break has been detailed in public Jackass essays. The German break is the new event, with current episodes absolutely mesmerizing for their importance and shock. Some US press sources are awakening. The United States Govt has treated France and Germany like adversaries, even enemy camps. The BNP Paribas case was atrocious for its devious ploys, giving old line Europeans a kick to the head. The US rats have infiltrated with organized networks of espionage agents. The press prefers to describe them as merely eavesdropping. In reality they are gathering information on Germany strategic planning, on Germany corporate contracts in development, and on German political functions. The consequence is a coordinated indictment taking shape which will result in the final steps coming to pass in the Global Paradigm Shift. The USDollar will be chucked into the dustbin of history, but first, it will be kicked to the used car scrap heap where it awaits finally processing. That processing consists of the conversion of USTreasury Bonds into Gold bullion on a massive scale at numerous offices. The BRICS Banks are ready to do business. They are two, the Development Bank and the Contingency Reserve Arrangement (CRA). In time the CRA will be known as the New IMF for its function, while the Development Bank will be known as the Central Bank housing gold.
ESPIONAGE AGAINST ALLY
The attention has gone from Sally to Ally, the relation turned quietly hostile. Not the queer conversion of GMAC into an empty bag lending institution, but rather the key Central European Ally in NATO. In the past Hat Trick Letter essays, items #1 and #2 have been addressed, focus having been on the deteriorated Ukraine situation and the antagonistic Bundesbank position. The US fictional output from destructive fracking and deceptive shale projects has been pledged to Europe, in a massive ruse that is vacant on its face. Huge 95% writedowns of shale oil reserves like by Monterey in California, combined with departures of fracking firms like Medallion in Western Pennsylvania, testify to the fact that the USGovt strategy is a ruse with empty tube. The German central bank has challenged the Draghi EuroCB not to embark on destructive unsterilized bond monetization. In the past, the EuroCB policy disagreements on phony bond patches and bond monetization have been the source of great conflict, even with German high court rulings against the EuroCB. The LTRO (Long Term Refinancing Operation) is but another device from the same Weimar laboratory, a mere banker con game with super seniority rights to favor the elite investors.
In extreme focus in the past month is item #3, the nefarious NSA espionage. Those who call it eavesdropping miss the point. It is not about catching juicy information on politician affairs. It is not to grab a lead on Merkel’s next luncheon for tabloid display. It is to seize information on Russian and Chinese developments and plans, on the commercial front and financial sector respectively. It is to infiltrate the German computer systems and communication systems, probably to plant Trojan Horses for later leverage in blackmail at the state level. The Berlin officials are well aware. The entire NSA espionage chapter appears to be exploding on the scene. In fact, word has come that Russian Intelligence offices tipped off the Berlin officials about the USGovt NSA activity before arrests were made last week. The Snowden files are being used in important ways. The Central European source stated briefly, “The comical part in all this is that Russian intelligence FSB and GRU tipped the German authorities off by providing the leads.” The Germans followed up quickly, so quickly that a divorce is the conclusion. In the meantime, the German-Russian cooperation with trust develops while the German-Anglo trust withers away. The break between the Germans and the Fascists from US-UK-EU may be closer than ever, as history is turned on its head since World War II. The entrenched Fascists on the global financial war front are the Americans and British accomplices, the big corrupt banks being the pillboxes. They will be abandoned, or toppled. At risk is the NATO Alliance. If and when Germany pivots fully eastward, the NATO membership will be rendered empty chair with a speaker phone attached.
GOLD ROOM CRIME
On item #4, a national audit seems underway inside Germany, as part of a criminal investigation. The purpose is not made clear, but the agenda seems obvious to the Jackass. The Federal Financial Supervisory Authority (BaFin) has asked German banks and investment intermediaries to formally hand over data about clients investment in precious metals until mid-July. All the depots will respond. The state wants to determine the extent of private sector German investment in Gold & Silver. The BaFin has requested copious information about client investments in precious metals from German banks and asset managers. But the requested information is only about derivatives. A national audit seems the path, to determine damages to institutions and citizens alike. They seek certain precious metals or groups of precious metals as reference value, as well as shares in precious metals. They cite the Securities Trading Act and the Capital Investment Act, much like an attorney would before the court. Explicitly mentioned are Exchange Traded Funds, Exchange Traded Commodities & Certificates, which involve gold, silver, platinum, and palladium. BaFin has requested information from 2013, such as details on volumes and order size, in addition to methods recommended. The national audit is underway, even if not stated in public in clear terms. The entire gold issue began as a major sore spot when the New York Fed refused to repatriate 330 tons of gold from the German official account. Since that event, it has been like pulling a thread in a sweater.
The full purpose has not been revealed, but a multi-sector national audit for precious metals market losses due to corruption seems the ultimate motive. To be sure, BaFin has been making formal inquisitions on alleged gold price manipulation for more than a year now, especially at Deutsche Bank. The bank has many vice presidents actively squirming, as they reveal key data on London frauds, cutting immunity deals for themselves. Thus the London mid-level banker murders with ties to Germany. Many believe the investigation of German gold investments could possibly be related to extensions of the FOREX and Gold market investigation underway at D-Bank. The suspicion from the German front is to identify the extent of potential damage caused to investors by gold price manipulation. BaFin told Gold Reporter in a written statement that the inquiry was routine and that the probe does not relate to investigations on alleged gold price manipulation by Deutsche Bank. Conclude therefore that a bigger purpose is at work, to take account of national damages to German financial firms and German citizens. Furthermore, and not incidentally, many German citizens have large accounts in the major Swiss bullion banks, where corruption is rife, the secured gold illicitly sold. Ongoing class action lawsuits are in progress, kept well under wraps.
MISCELLANEOUS HINTS & WINDS
Many are the other scattered indications. They are growing fast like open windows, all facing the Easterly winds. The July Money War Report for the Hat Trick Letter offers details, but here are some in synopsis form to mull over. The mosaic is filling in, the collage telling the story. The Germans are going to give Russian partner a bear hug and the US bitch the cold shoulder. As a German official recently said, enough is enough.
The Germany Govt has instructed its companies to limit cooperation and procurement orders with the US corporations. New strict guidelines on security are to be enforced, as the fallout grows. They are installing No-Spy clauses in German contracts to guarantee that untrustworthy US firms do not relinquish confidential data. The effect will be felt by IBM, Cisco, and Microsoft. The effect has already seen an impact with a canceled Verizon account, where suspicion runs thick of planted blackmail Trojan horses and virus seeds. Severing ties with Russia, crushing relations with China, alienating France, and angering Germany has managed to sour relations with old friends to a point where one wonders just who is a remaining US ally in Europe these days. Germany will sever banking and business ties with the United States, as a matter of survival, all in time. NATO is a major clue.
Stephen Leeb has noticed Germany and China making a stronger alliance, along with Russia. While the USGovt spies on Germany (corporate trade secrets too), Berlin is turning Eastward. The Jackass has been adamant, how Germany is the linch pin in the Eurasian Trade Zone coming to form. India is important, but Germany is the game changer. Leeb notices how the Germany is being called strategic partners by Chinese leaders. He notes the growing relations with Russia. He concluded, “Perhaps the United States is spying on her [Merkel] because of her closeness to not only Russia, but also to China, and her distancing herself from the United States. It appears that the German-Russian-Chinese connection is getting stronger and stronger, and the [connection with the] US is becoming more distant. It feels like the world is changing in front of us. Do not be surprised to see Gold & Silver being the ultimate safe havens, but also Gold being sure to play a part in the new reserve currency in the East. This means the price of Gold will soar as that [scenario] begins to unfold. We are very close to that point of inflection, and every news story of any importance that I see proves that is the case.” Leading analysts are noticing the German linch pin. Leeb detects a new Gold-backed currency launched from the East like a ballistic missile. It will contain Russian & Chinese markings, a BRICS guidance system, and elite private consultant designers. Sally must go, the Greenback to yield to the Redback.
Massive demonstrations in German cities have taken place, aimed to end the Federal Reserve. Consider Lars Maehrholz, main organizer of the massive Monday peace vigils in Berlin. The recurring vigils are part of an autonomous fully independent movement that gained massive popularity in the capital city. Like with the Occupy Wall Street movement, their advocates are under attack, in this case violent. Maehrholz is the object of severe criticism by the German mainstream media and political system. Worse, a car he was riding in was the object of a fire bomb incident by an anonymous perp. Lars had received online threats of exactly such actions. The coverup went into action quickly. The local police decided that the car caught on fire by itself, and are not investigating the case. Luckily neither the organizer Maehrholz nor his companion were in the car when it was set on fire. The common finger of suspicion points once more to Langley, where the professionals ply their trade. Memories of Operation Gladio remain fresh during three decades of sponsored Langley violence.
Germany has suspended shale-gas drilling for the next seven years during a political standoff with Russia, the nation’s main gas supplier. Not only are shale projects a source of contamination, but they rub Russia the wrong way. They will be halted. Besides, they have deep concerns that exploration techniques could pollute groundwater, even sap electricity capacity. The dangerous fracking in Germany will stop for the foreseeable future, which wins praise from the environmental groups in the country. The Halliburton chemicals (monopoly in fracking business) are reputed to include toxic additives far beyond those necessary to release the natural gas, like heavy metals and even radioactive waste. Notice in Germany, how common sense prevails over corporate greed, corruption, and corrosive global agenda.
Germany and China are developing a special relationship, forging some new deals in the automobile and aviation sectors. The nations are embarking on deals to build helicopter and car plants. The deal precedes high level meeting between the German Chancellor and Chinese Premier. China is the magnet and Germany is being drawn into its vast sphere. Hundreds of German firms do active business in China, led by construction firms and equipment suppliers, as well as car makers and machine tool firms. The main contracts featured the purchase of helicopters from Germany, worth over $400 million. Germany’s enthusiasm has come with gusto toward the construction of the Silk Road Economic Belt. It will serve all Europe. Over 3000 (three thousand) German companies do active business in Russia. Those who expect a German boycott of Russia as part of USGovt sanctions are true morons. The more pressure the US leaders apply, the more they will break apart the NATO Alliance with a crowbar.
Expect new block buster contracts with Volkswagen, Siemens, Airbus, Deutsche Bank, and Lufthansa, all very popular brands among the rising middle class in China. BMW sold half a million cars in China last year, which they would prefer not to cut off. Honoring lunatic US-led sanctions means hundreds of thousands of German job losses. As an added spice, an Eco-Park will be built in Qingdao which will showcase energy efficient buildings, using German engineering. The link is clear. Germany is going East for trade reinforced by secure energy, which is certain to cause a rift and split for US relations. The US cannot stop evolution, where the Western European nations forge stronger ties with Russia, which on the return lane provide reliable cheap energy supply. At risk is the entire system of NATO bases across Europe, which have been abused with narcotics distribution, and recently overrun by professional mercenaries. Neither narcotics trafficking nor accommodation of private mercenaries are not part of the original NATO Treaty.
COMING SOON THE BRICS CURRENCY
The climax event is the launch of the BRICS currency. Informed sources, whom the Jackass believes are directly involved in the planning, execution, and implementation, inform that the new currency will be gold-backed with further backbone in silver, crude oil, and in some manner natural gas. The Gazprom gas pipelines are far more important than the financial press mention. They are the skeleton and distribution system by which to capture Europe and to install the New Gold Trade Standard. The hints of its arrival are seen in the details for the BRICS Development Bank and the BRICS Emergency Fund. Without any hesitation in my mind, it is clear that these funds will serve as fronts for massive conversion of USTreasury Bonds into Gold bullion, which will reside in the BRICS Central Bank. The decision for location of the funds might be haggled in the open, but expect the central bank to be dispersed, using various key locations. The BRICS nations are all too familiar with US & Langley tactics, to destabilize, to raise internal dissension, to launch a war, and to steal the gold in banks amidst the chaos and confusion offered by the maze and din of war. The war in Ukraine, just like the war in Syria, and the attacks on Cyprus, all had Gazprom as common element.
The wars are to defend the USDollar, in the last stages of its reign of terror. The harder the US gangsters pull on the reins, the more they apply the fracture from the lever. However, Ukraine is the Waterloo. Yet comes the dreaded HOLOMODOR (famine) since no planting season took place in the fertile rich lands. Thus no growing season during the outbreak of war. Thus no harvest season. Starvation during a collapsed economy will surely turn the tide against the US-led Fascists in Kiev, all in time. Mass defection among their ranks has already begun, the fascist forces running low on supplies like ammunition, food, water, surrounded and until a hail of grenade fire at numerous locations. Thefts of their central bank gold and raiding official bank accounts by the US-led regime assured the outcome. Do not expect Germany to continue its reckless NATO support in this failed mercenary action. The ultimate victim of this desperate adventure will be the USDollar and NATO.
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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
July 11 2014
Joseph talks about the strange indications of something very wrong with the recent “suicide/murder” of JP Morgan banker Julian Knott and his wife Alita, and about Germany’s ratcheting up of diplomatic tension over American spying on that country (who can blame them?), using the strongest language from that country to another western power since before the Second World War:
All Experts Agree, Everything is Just Fine
Interview with Paul Sandhu
In Part 1 of this interview, Dr. Jim Willie looks back at the history of the Systemic Failure of the US Economy (not a mere Recession), analyses the true numbers measuring GDP and other Economic factors, and also offers a great lesson in the value of real Statistics and Statistical Analysis.
In Part 2 of this interview, Dr. Jim Willie looks ahead at the fast developing events as the Systemic Failure of the US Economy gathers steam. The landscape of the Financial / Economic and Geopolitical world is fast changing and Dr. Willie’s insights into these issues is invaluable.
July 3, 2014
When is the system going to break down? The answer is 2008. The tipping point was the Lehman kill in Sept 2008, following the subprime mortgage collapse. It was a death event for the US banking structure, which should have forced liquidation of all Wall Street firms.Then came the Financial Accounting Standards Board relaxation of rules in April 2009, which still permits the big US banks to declare their assets at any value they wish. They hide grotesque insolvency. Their liquidation would not happen, instead zombies walked. The next tipping point was the Federal Reserve announcing a move toward the Zero Percent Interest Rate (ZIRP) in early 2009, followed by the bond monetization initiative (QE) in early 2012. The most recent tipping points are the Syria War and the Ukraine War to obstruct the Russian Energy Monopoly in the European energy market. The defense of the USDollar has taken historically unprecedented turns. These cited extreme events are all serious tipping points. Since 2009, the vastly depleted, exhausted, and wrecked body economic of Uncle Sam has been kept going with life support, electric shock treatment, and the formaldehyde elixir. No recovery comes. Systemic failure and total breakdown are assured. The only protection is Gold & Silver coins and bars. The hyper monetary inflation has met the asset destruction.
by Jim Willie, GoldenJackass.com
The most amusing question asked of the Jackass by clients and other people is when the system is going to break down.
My usual answer is 2008, which causes a strange reaction, since a past date. Then they are given a tactful tongue lashing that they have failed to notice, detect, or discern properly the failed system in front of their noses. Further quizzical looks and pleas for explanation bring a torrent of headline facts.
Seeing events through a different lens of statistical reality with almost no gullible or naive tendencies, the intrepid analyst relates the tipping point was the Lehman kill in Sept 2008, following the subprime mortgage collapse. (Forecasted in advance by the Hat Trick Letter). It was a death event for the US banking structure, which should have forced liquidation of all Wall Street firms.
Then came the Financial Accounting Standards Board relaxation of rules in April 2009, which still permits the big US banks to declare their assets at any value they wish. They hide grotesque insolvency. Their liquidation would not happen, instead zombies walked. The next tipping point was the Federal Reserve announcing a move toward the Zero Percent Interest Rate (ZIRP) in early 2009. (Forecasted in advance by the Hat Trick Letter).
The next tipping point was the Federal Reserve announcing the bond monetization initiative (QE) in early 2012. (Forecasted in advance by the HTLetter). The next tipping point was Taper Talk removed in September 2013, an obvious declaration of QE to Infinity. (Forecasted in advance by the HTLetter).The most recent tipping points are the Syria War and the Ukraine War to obstruct the Russian Energy Monopoly in the European energy market. Further signals abound, but are more effectively hidden. Cyprus, Syria, and Ukraine all have Gazprom obstruction in common. The defense of the USDollar has taken historically unprecedented turns.
POLICY AS DEATH SENTENCE
These cited extreme events are all serious tipping points. Since 2009, the vastly depleted, exhausted, and wrecked body economic of Uncle Sam has been kept going with life support, electric shock treatment, and the formaldehyde elixir. The absent recovery has ensued without detection of its causal elements. The monetary policy with ZIPR & QE is not stimulus. In the real world where Keynes does not inhabit, where actual people live and work, the cause for the rapid deterioration and extreme degradation is ZIRP & QE themselves. The former is a wet blanket on the entire USEconomy, providing no return to savers, while at the same time slowing down all money velocity. Misallocation of assets is another side effect from market mispricing. The endless ongoing QE bond purchase program actually destroys capital, by raising the cost structure and forcing a vanish act on profit margins. Hence, business segments shut down and capital is taken offline or liquidated. Killed capital is the indirect result of policy, a death sentence. The press anchors, the bank leaders, the political leaders, they all spout the party line of stimulus. Notice that no corporate heads seem to chime in, since they see rising costs at home and in foreign markets. The monetary policy is urgently needed to cover the USGovt debts, but it is a death sentence for the economy.
It is tragically funny that the US economist harlots preached for decades that hyper monetary inflation is a curse that uniformly destroys economies, until the US requires it. Then the harlots forget their own teachings, and preach from the toilet bowl, defending policy that is a wrecking ball. The Jackass has a newly hatched analogy that makes a great deal of sense. People comprehend free fall and the acceleration of speed of the falling unhindered object. The QE unsterilized bond purchases act like a free fall destructive force. The USEconomy is the object of accelerated damage.
The unsterilized bond purchase programs lift the cost structure as a systemic reaction within the feedback loop. As profit margins shrink and disappear, entire businesses are shut down. Capital is removed from service. Job cuts are ordered. Income is reduced. Consumer purchases fall. Business investment goes into reverse. The cycle continues to shut down more businesses with each passing season and each passing year, while the feedback loop is a vicious cycle. QE is like a toilet bowl flush for the entire USEconomy, which is put in free fall. No recovery comes. Systemic failure and total breakdown are assured. The only protection is Gold & Silver coins and bars. The hyper monetary inflation has met the asset destruction, which some dim bulbs call deflation. In their twisted parlance, one can conclude that the USFed’s monetary inflation causes economic deflation. And economists turn their heads! Unfortunately they are paid to deceive people and to defend the system from which they derive a paycheck.
GRAND NATIONAL SELLOUT BETRAYAL
Nowhere has the betrayal of the US nation been more stark and ugly as with the granting of Most Favored Nation status to China in 1999. The story told is shallow and insipid, if not deceptive and loaded with treason. Reducing the cost of import items is a very shallow empty argument, with no long-term benefit, since legitimate income from industry was exported out of the United States. Reliance upon asset bubbles was the result, and eating home equity. It took time to come to light, but the MFN grant was done with a hidden backend lease of a sizeable portion of the Mao Era gold horde. Follow the collateral trails. My guess is it involved about 2000 metric tons. The Chinese demanded collateral, like any prudent organization would. They received it in two forms, in the Jackass best estimation, as a result of the sequence of events which have followed. First, the Wall Street and Federal Reserve hive pledged the JPMorgan Chase headquarter complex as collateral, maybe other buildings as well. But the big enchilada was how the Chinese were given by Wall Street a securitized sovereign bond (like a mortgage bond) on the IRS income tax stream. Such derivatives are regular menu items for the Exchange Stabilization Fund managed by the USDept Treasury, with big arm assists by JPMorgan’s Chief Investment Office.
Such derivatives hold together the USTreasury Bond complex, which China has been actively involved with. They were the primary beneficiary to Operation Twist in 2012, and probably designed it, then force fed it down the USFed throats. When the USEconomy suffered consecutive 3% and 4% recessions every year in 2008, 2009, 2010, 2011, 2012, 2013, the brutal impact was a default on the income tax bond derivative. Chronic recessions do that. The officially stated 1% or 2% GDP growth must be reduced by the inflation lie. For several years, the true CPI has been 7% to 9%. Inflation is called growth, according to Reich Finance. Subtract a chunk off every officially stated GDP, as the USEconomy is mired in a deep recession if not depression.
The visible part of the default is seen in the distressed sale (more like asset seizure) of the JPMorgan HQ for the paltry price of $725 million to a state-owned Chinese property conglomerate. The stated value at the time was $1.9 billion, but informed sources indicate the entire multi-purpose property complex to be worth easily $3 or $4 billion. They grabbed the gold vault too, and the conference center. The vault is connected to the USFed gold vaults underground via tunnels. The Chinese could have just as easily demanded the HQ of other Wall Street banks. Instead, they were given the JPMorgan HQ as collateral, since it is the operating arm of the USFed itself. With very high likelihood, conclude that China has taken control of the Federal Reserve, taken control of One Chase Plaza. Either the Federal Reserve has been shut down or purchased. Its lease expired in 2013, amidst much speculation. No story ensued on the contract continuation or other disposition. The Jackass believes China took the Fed by default force. Further evidence was seen at the Dallas Fed, where the US and Chinese flags were jointly flown until public complaints recently. The Chinese always prefer a low profile, especially when colonizing the United States. Next come industrial parks and vast commercial property purchase. Later comes the re-industrialization of the nation.
The biggest betrayal in modern history of any sovereign nation and its populace might have taken place last year. The USGovt defaulted apparently on the IRS tax stream bond held by China as collateral for the massive gold lease. The JPM HQ seizure is simply the visible portion on the asset seizure. The renege on returning leased Gold caused a trade war to commence back in 2007. Then the default on the IRS mortgage came last year, due to the powerful USEconomic recession. The Wall Street controllers to the USGovt sold out the nation, effectively handing over sovereign control to China in a lost gold poker bet. That is precisely what appears to be the case. In the meantime, the Obama Admin seems particularly pre-occupied with amending the laws for treason as much and for gay marriage. He has vested interest in both, along with Clinton and Bush the Lesser. The clowns who decry terrorism the most are the architects and purveyors of treason. But hey! The Jackass is delusional and crackpot. No American leaders would steal Fort Knox for the national treasury (see Rubin, Bush, Clinton), and then hand over foreign direct investment to China with a gold lease (see same clan) secured by a pledge of income tax revenue on collateral. To do so would be a coordinated betrayal using the US corporate sector in an abandonment of the American workers. Methinks the Paradigm Shift eastward has had some significant lubrication in the moving hind parts.
HIDDEN & POWERFUL TIPPING POINTS
Many are the events with huge significance, but hidden from view from the madding crowd, working stiffs, clueless sheep, and hopeless dolts that populate the nation. Many are the hidden events not noticed by good bright alert hard working people also. The financial world has gone way beyond complex, and certainly way beyond manageable. Rather than fully describing the key telling events, let the Hat Trick Letter monthly reports lay out the details, angles, tied linkage, and full analysis. The following are all extremely important systemic breakdown events in the Jackass opinion. None seems to be taken seriously even by the financial analyst village or by the gold community. What follows are merely a few important items, many more regularly covered in the newsletter reports.
US corporate stock share repurchase programs bypass capital investment, and instead supports executive packages. Banks continue not to invest in the decrepit USEconomy, just like the corporate sector. Thus an alliance has taken shape with the USFed and the coordinated hidden support by the USDept Treasury plunge protection team. Add in the Wall Street banks with their algorithm trading platforms. The stock market has remarkably little private investor or mutual fund participation anymore. The public has little if any savings. The hedge funds and pension funds probably look to the stock market as the only game in town, since bond yields pay nothing from all the rabid stimulus.
Massive USTreasury Bond dumping in progress, so far kept out of news. But it is evident with bulges and distortions in other arenas. A gigantic funding of BRICS central bank is in progress, in addition to vast gold sourcing for the same BRICS central bank. Every USGovt action has a powerful opposite reaction. It seems every prominent financial legal action has a huge hidden motive. With the BRICS nations led by China & Russia, the Belgium Bulge Billboard might be a Call to Arms, to enlist other nations to dump USTBonds toward the accumulation of gold bullion. Even the legal cases brought by the USDept Justice against BNP Paribas and Credit Suisse have some hidden agendas. BNP appears to have assisted in significant dumping of USTBonds by third parties. Their large bond short position could be quickly delivered upon, as in USTBonds dumped on the market from sovereign nation FOREX reserve accounts. The USGovt would act to obstruct such action. By forcing an admission of guilt upon BNP, the USGovt might wish to fashion a merger of the French bank with the largest in the Paris stable of banks, Societe Generale. Let it be known that BNP is more independent and is run by older European families, whereas SocGen is firmly entrenched within the London and New York banker cabal. The heavy SocGen gold shorts and other derivative positions in support of the London and New York banks serve as testimony. The Credit Suisse case, with another forced admission of guilt, is simpler to dissect. A fashioned merger with UBS would enable quicker pilferage of Saudi and other Arab gold bullion held in the large Credit Suisse bank. The UBS channel for thefts has been set up already, the ramps in usage. Therefore conclude that USTreasury Bond dumping by Eastern nations and Gold thefts by the USGovt are prevalent, but hidden. The breakdown is well along, but hard to detect.
London Whale derivative losses are staggering, well over $100 billion. If the losses came to light, then the JPMorgan insolvency would be an obvious conclusion. So hide the losses by eliminating any testimony or cut deals with prosecutors. Thus note the motive to murder some mid-level bankers who might sing or leak. Other JPMorgan involvement in London stems from Vatican deals they wish to remain hidden, EMU related Maastricht qualification deceptions on FOREX derivatives they wish to remain hidden, and Russian Mafiya investments that went bad they wish to remain hidden. Murder has become an occupational hazard for JPMorgan bankers. By the way, a Hat Trick Letter client has a good friend who has been working inside the JPM hive for almost 20 years. Word passed to me this morning is that CEO Jamie Dimon does not have any cancer at all. He just wants a graceful way out. Lying is a way of life to these scummy people.
The USD has turned cancerous, a grand contamination to the global economy. For almost five years, the Jackass has claimed that the initial nations to abandon the USDollar and proceed with an alternative, especially a gold standard solution, will emerge healthy and become the leaders in the next chapter, while the nations that stick with the USD to the end will fall into the Third World with violence and no mercy shown. The critical moment is arriving for precisely that reality. The joke passed had been that the USDollar rises then rises and rises some more, before it dies suddenly. Other nations are rendered weaker by the QE initiatives, but do not have the ability to print money in heavy volumes. The USD might instead split into the International Dollar and the New Republic Dollar. The latter has earned as concept the Scheiss Dollar name, which word has it will have a gold backing. However, it is the very same Deep Storage fraudulent underpinning that appears on the USGovt accounting ledger for gold management. Think Barrick Gold output from raw mine ore, not yet mined. Think Evergreen Gold contracts, and other totally corrupted gold instruments. The challenge will be immediate and deadly for devaluation. Further proof of the validity of the split Dollar to come is the denial by Karen Hudes, who never stopped collecting a paycheck from the World Bank after all. The past report of her departure from the venerable hegemony outpost at WB was false. The constant is that bankers lie, and so do their hired guns under employ.
Pressure is building for the United States to lose its own currency. For three decades the US has exported inflation, but next it will rapidly import inflation. This is the key which when turned will open the door to the Third World. The US nation has already been de-industrialized. The process began in the 1980 decade with the outsourcing to the Pacific Rim. It culminated in the Chinese Renaissance after bargaining for the Most Favored Nation status. When the New Scheiss Dollar is launched, expect sudden price inflation to surge, expect sudden supply shortages to appear, and expect sudden violence to break out. The result will be acute shortages in food at supermarkets, acute shortages in fuel at service stations, and acute shortage in cash at ATM machines. The US population will not finally suffer a rude awakening until the vast broad painful shortages arrive and meet them face to face. If a 30% devaluation comes as part of the initial currency launch, then the (10/7) factor dictates a ripe 43% price inflation hit from the import channels. For reference to an actual model, see Venezuela for a peek into the US future of disorder, chaos, violence, and severe disruption. They struggle with 100% annual price inflation and deep shortage of staples, amidst almost daily demonstrations.
Rapid accelerated wreckage take place in the gold industry, from continued operations in the face of a corrupt market. The mining firms must honor contracts, must service debt, and must earn profit for shareholders. In the process, they deplete their best properties while the marginal properties are put on hold (mothballed). They should go on strike, not sell at the suppressed COMEX price, and should consider the Chinese buyer outlet at a better price. One must wonder if the contracts to supply refined ore output by mining firms contain some fine print about corrupted market price, either in direct clause or fine print within the contract. The miners need an escape hatch. The consequence is that when the Gold & Silver markets are liberated from banker choke holds and government strangles, the supply potential will be different. The Supply & Demand dynamics will be different. The best properties having been drained will offer less output. What will remain is the marginal and higher cost properties. The Gold & Silver prices will receive an added push from the mining cost altered structure, apart from the other much larger factors. Refer to the short futures contract positions of huge size, and refer to the requirement to replace stolen Allocated Gold Accounts in London and Switzerland, which by expert accounts are in excess of 40,000 metric tons.
DOLLAR BACKED BY MILITARY
Back in 2005, in the formative months of the Hat Trick Letter, a claim was made that the USDollar was implicitly backed by USGovt debt. But worse, it is defended by the USMilitary. The claim was supported by reports of the South Koreans being subjected by USM exercises immediately after they announced in 2005 the plan to diversify away from USTreasurys in their FOREX reserves. They did not change plans after all. Other nations hesitated to reveal any similar diversification plans, since hazardous. When the Norway Govt refused to invest some of their vast $800 billion pension fund in London banks, suddenly Oslo suffered a terrorist event in broad daylight with numerous casualties. The finger was pointed at the British MI-6. When Saddam Hussein went to Euro cash settlement on Iraqi oil sales, suddenly his nation was attacked by the USMilitary, annexed, and subjugated into a nation building project. The outcome is hardly a success. When Iran followed suit with more non-USD energy sales, suddenly it was branded a terrorist state, a rogue nation, in development of nuclear weapons. The USGovt security agencies are actively flooded the nation with heroin from the northern border with Afghanistan. The day is coming for more full revelations of USGovt sponsoring of heroin and global distribution from Afghan sites. Refer to the Snowden files.
The usage of the USMilitary has been pervasive in both Syria and Ukraine. The defense of the USDollar is the hidden element, to prevent Russia from establishing firm trade ties through energy provision with Europe. The bigger motive is to prevent the formation of the Eurasian Trade Zone, which will join the Eastern giants of Russia & China with the European continent and market. The Ukraine war is the USDollar Waterloo event. The Jackass bets not 10% of Americans know what the Waterloo metaphor means. The last defense of the USDollar takes place on Ukraine soil, with failure as outcome. Almost all Europe will splinter off from US & NATO support, all in time. Commerce will prevail. Ironic that Napoleon failed to conquer Russia, as did the Mongol Horde and Nazi Germany. Yet the Late Stage American Empire leadership crew believes the United States can bring Russia to heel or to lay waste to it. And further, the British Empire and the Soviet Empire failed to conquer stubborn little Afghanistan. Yet the Late Stage American Empire leadership crew believes the US can bring the Afghans to heel. We are still waiting for the Chevron pipelines through the hilly rugged nation, as part of the original deception. What incredible arrogance and insufferable pride. What ignorant students of history. The losers are the US citizens. The new normal is constant war, just like the sage prescient novel “1984” had warned by George Orwell.
The chief US exports are war, bond fraud, rising costs (led by food & fuel), GMO seeds, viruses, and diabetes. All war and hostile actions are designed to protect the USDollar. The United States consistently chooses war over the Gold Standard, the legitimate solution. War and Bank theft are the two main traits of dedicated professional fascist organizations, along with virus and genetic weapons, even obsessive control of captured peoples. The USGovt gradually will alienate every ally while soliciting support for attacks on enemies. All enemies have a common trait, defiance against the USDollar and desire to put in place an alternative to the most corrupt global currency in the history of mankind. They will put in place the new Gold Trade Standard.
June 27, 2014
Jim Willie fires both barrels on today’s program regarding the implosion of the Western banking system, the disappearance of large quantities of gold bars, a possible Chinese foreclosure of the U.S. Fed, the Saudi plan to end the U.S. Petro Dollar, and the Chinese-Russian timetable to unveil a gold-backed currency.