By: Jim Willie CB, GoldenJackass.com
-- Posted Tuesday, 30 April 2013 |
The
Fascist Business Model came into vogue in 2001. The merger of state
with the largest of corporations, primarily the big banks, the big
defense contractors, the big news media networks, and the big
pharmaceuticals, has created a chokehold around the neck of the nation,
without 5% recognizing the function of the model during the
strangulation in progress. The merger with the deeply corrupted
corporations in power became standard fixtures following the 911
attacks, an elaborate self-destruction of the fundamental structure of
the nation and its priorities by the syndicate. Think a massive
elaborate bank heist of gold bars, bearer bonds, and diamonds, but such
discussion belongs in other venues. Let it be said that the events of
September 2001 were the syndicate coming out party and the Patriot Act
their Nazi Manifesto, with painfully little recognition of events by the
sheeple masses or the subservient press talking heads. The national
socialists are back in force after a 70-year hiatus, with far more toys
and devices. Their telltale signals are bank welfare and a flag wrapped
in a cross with unending press coverage of terrorism. During
the last twelve years, financial treachery and banking criminality have
run rampant in a true global spectacle, their stock & trade.
However, treachery with permitted bank and bond fraud, rigged financial
markets, naked short ambushes, flash crashes, and lawsuits that convert
criminal procedures into standard low business costs all have resulted
in profound consequences.
The
entire world has reacted, with some significant momentum having been
generated in the last year. Back in 2009, repeated in 2010, the Jackass
had stated that the nations who are first to move toward a non-USDollar
system will thrust themselves into a global leadership position while at
the same time permit a recovery from the cancerous fiat currency system
led by the USDollar as reserve currency flagship. A basic tenet, the
security forces are given more power when security is undermined, even
if violent events are perpetrated by the security agencies themselves in
great spectacles. The Western nations really truly sincerely need a
wake-up call on reality, and it is coming as a paradigm shift with shock
waves. But consequences have a way of developing out of natural systems
in reaction. Some scientific types call it Newton's Law. Others call it
the order of natural systems. The Jackass preference is to call it a
defensive maneuver motivated by the survival instinct, whereby the
cancer or pathology is isolated, trapped, then suffocated and
extinguished, left to die on the vine or shed like bad skin.
TREACHERY, FRAUD, PROTECTION
The
collection of treacherous practices, most of which emanate from the
myriad USGovt offices, have invited stern reaction by the global
players. These diverse treacherous practices, often implemented by the
Wall Street banks and their ring leader the US Federal Reserve, have
invited stern reaction by the global players. The broad cover for
treacherous practices, provided protective cover by the USGovt
regulatory agencies, have invited stern reaction by foreign nations in a
powerful response. The disintegration of the financial foundation built
of USDollar steel beams and USTreasury Bond cement blocks has been
crumbling and collapsing for the last four years, ever since the Lehman
Brothers failure and the integration of Fannie Mae & AIG under the
USGovt roof, where their $trillion frauds are kept deeply hidden in the
shadows and basement. While the Manhattan Made Men continue to attempt
to hold things together, they struggle mightily, lacking sufficient
fingers and toes to plug the vast leaky dikes. In
response to predation and treachery, the rest of the world has not only
been undergoing reaction, they have also been developing the reaction
into organized structures. The main victim has been trust and
security, for money, bonds, and bank accounts. All property not nailed
down is at deep risk. The current wave of treachery and fraud follows
the last wave, where most Americans saw their home equity vanish, many
foreclosed and jettisoned from the homestead. The public should harbor
no trust, while clinging to suspicion toward the leadership crew that
undermined security with its own hands.
The
list of acts steeped in treachery is long. The reactions are
impressive. When viewed as the mosaic for actions coming to pass, the
global response is indeed formidable. The micro events are important in
their own right, as each hilltop must be retaken and restored. The macro events are what will en masse change the world, as a Paradigm Shift is underway.
The United States and its fascist allies are not in control. They will
not find a path to retain or regain control. They have no solutions. The
most powerful element of the shift has been the movement of gold wealth
from Western locations (New York, London, Switzerland) to Eastern
locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents
of the United States, the United Kingdom, and Western Europe are in
shock, constantly distracted by the sweeping disruptive events led by a)
unstoppable government deficits, b) the powerful crumble of sovereign
bonds, c) the ruinous insolvency of the banking systems, d) the
relentless reign of tax terror, and e) the tragic decline of the
underlying economies. The West is sinking in a sea of fecal soup,
stirred with the toxic paper spew, infected by the rot of acidic
corrosion, weighed down by absent legitimate solutions, exploited by
criminal activity in high offices. The treachery has brought on powerful
consequences. The Western lords are being deposed. They can appeal for
squire posts to the East, or else they can wreck the globe. The biggest
question is whether new trade devices will win out over the chosen
Western fascist predilection toward wider war, release of more virulent
viruses, more obvious slavery pens, and louder propaganda.
MEGA-ACTION & MEGA-CONSEQUENCE
Break the Gold Standard of Bretton Woods Accord: The
action has wrecked the entire global financial system, the destruction a
slow burn. The banking leaders are caught in a monetary vise where
monetary policy is stuck with ZIRP (0% forever) and QE to Infinity
(endless bond monetization purchases). A constant wrecking ball has been
applied to the capital structures. Deep damage has come to the
financial markets from lost trust, vanished integrity, and no semblance
of proper value. The world
reacts by searching for a USDollar alternative, since the removal of the
Gold Standard has crippled the world and permitted widespread fraud.
The new standard will usher in the new Gold Trade Standard. Many are
its forces. Many are its motives. Many are its devices. A picture says
1000 words. Observe the Concentric Rings of Death, the great implosion
of the USDollar and fiat currency. The rebirth of the Gold Standard will
be based in trade settlement, not the banking and currency systems. A
grand sidestep is being undertaken under heavy risk. The West controls
the banks and FOREX mart. The East has been controlling trade, the emerging economies who finally stand up to demand a voice, even a hand in architecture. They are learning new ways, building new roads, forging new paths.
ACTION & CONSEQUENCE
Quantitative Easing which is bond monetization:
The action has unleashed hyper monetary inflation, known better as
hyper monetary inflation by another less euphemistic name. The action
constitutes a systematic undermine of assets held in reserve by angry
foreign governments in the macro sense. The action debases the USDollar
currency, in effect all currencies since they defend by competitive
devaluations. Central banks around the world must debase their
currencies, or else face economic hardship from lost export trade. The
reserves held by governments, including sovereign wealth funds managed
by government ministries, all lose value from the inflation effect by
the USFed actions in debasement. The consequence
is immediate. Eastern nations make decisions to diversify out of the
USTBonds, the main US$-based vehicle. They have stepped up their
accumulation of Gold bullion in reserves and wealth funds. They seek to
discharge the USTBonds, and return them to sender. The owners of PIIGS
sovereign debt can simply issue a sell order. But foreign nations must
send USTBond back to their criminal underwriters and destructive central
bank overlords. They must deploy more elaborate plans, like the
Russians & Chinese building the Eurasian Trade Zone, who finance its
infrastructure with USTBonds, sending the toxic bonds to London for
digestion, then burial.
QE bond monetization which is pure inflation:
The action is hyper monetary inflation, which works efficiently to
cause rising prices in the broad micro sense. The design is to raise
asset prices in a beneficial way by naive desperate hack architects. The
reality is that the capital structures face severe threats. The deeply
felt effects have been engrained in rising cost structure, shrinking
profit margins, widespread job cuts, and powerful recession pressures
within local economies. The stupidity is compounded by austerity
measures, which would have had a positive effect 20 years ago, or even
10 years ago. Now they are a death spiral assurance. The consequence
is simple survival. The world reacts by searching for and developing a
USDollar alternative, a new standard upon which to build viable strong
enduring systems with the requisite price stability. The Eastern nations
work toward a new trade settlement system which will no longer see
USTBonds paper chit exchanged for real goods, either bulk commodity and
finished products.
Western central banks talk in empty terms about an Exit Strategy: The
action is constant 0% in place (ZIRP forever) and endless bond
monetization in redemption (QE to Infinity). No lessons have been
learned by the Japanese monetary corner suffered for 22 years. In summer
2009, the Jackass called the Bernanke Fed a liar, after the pervasive
deceptive talk of an exit strategy. They have none, proved each year.
The consequence is that
Eastern nations band together for a bonafide real Exit Strategy, as the
vast array of nations, many led by the emerging economies giants, will
depart the USDollar since the American toxic merchants and fraud kings
cannot. The banking and FOREX standard out of the West has been the
USDollar, steeped in longstanding hegemony. The trade settlement
standard out of the East will be Gold, steeped in rebellion. The two
fronts will clash for a monetary nuclear war.
Iran sanctions within the banking system:
The story is such poppycock of Iran developing nuclear weapons. They
have no weaponized plutonium. They have no missile delivery systems.
What they did that was so objectionable was to sell energy products
(crude oil & natural gas) outside the USDollar system. Such actions
are considered usage of financial devices of mass destruction. The
Saddam Hussein regime in Iraq committed the same banker sin. The
sanctions are coupled by pressures against the UAE trade artery toward
Iran, and pressures against the Turkish gold market working as
intermediary to keep the Iranian supply chain filled. The usage of bank
SWIFT code bans and lost credentials for Western banks that cooperate
with Iran have backfired in a grand way. The resulting reaction in consequence
is astonishing. The Iran sanctions have done more to galvanize the
entire Eastern nations into workaround devices and elaborate platforms
which are coalescing into promising emerging global systems. The Eastern
reaction has brought about a global initiative to develop a workable
USDollar alternative, but centered in trade. The Gold Trade settlement
is the center piece. Its device platforms include the BRICS Development
Fund. Its proving ground is the Eurasian Trade Zone.
LIBOR price fixing revealed, bank derivative fraud made public:
The action has permitted the world to observe how the foundation of the
entire Western banking system is a deep fraud. Worse, the world is able
to observe how no prosecution, no justice, and no remedy will be
pursued for banker crimes. The LIBOR and derivative frauds are the next
to final exposure to happen. The effect is a stench, a vast distrust
across the entire banking system and bank derivative product pricing.
The big bank profits are all an illusion based on lies and price
rigging. The reaction in consequence
is a pervasive perception of a corrupt system in need of replacement,
and a willingness to work toward legal avenues. The reaction will be
distrust of all asset prices and profound confusion. The reaction will
be a vast writedown of wealth in bank failures and financial firm
failures.
Allocated Gold Account theft and malicious usage: In
order to make bilateral trade account settlement easier, the New York
and London banking centers encouraged settlement to be done on a net
basis. They went further, to encourage holding Gold bullion in trust at
the New York Fed and at the Bank of England, held on account as special
untouchable elite accounts serving as treasury emissary substitutes.
They were touched. They were stolen. They were replaced with Gold
Certificates of dubious value, without permission. The reaction in consequence
has begun as a strong wind, but now a powerful storm. The reaction has
been defiance in stated demands for repatriation of Gold Accounts, a
return to home locations. Germany is the leader in the movement, a
respected nation with deep wealth, sturdy prestige, and a no-nonsense
attitude. The extension of the consequence is that a gaggle of private
Allocated Gold Accounts are under scrutiny. They were also touched,
stolen, replaced with worthless paper certificates. The gathering storm
is building force and power. It is the final bank fraud to reveal how
over 40,000 metric tons of gold have been stolen, in need of replacement
in the open market. The true Gold price will reflect the acute supply
shortage. A $7000/oz Gold price might not bring the Demand versus Supply
imbalance into proper equilibrium. The price might have to be higher,
to offset the gargantuan growth of money supply. The missing gold from
supposedly guarded sacred accounts exceeds the central bank holdings in
reserve on a global basis.
Phony USGovt citation of gold reserves in form of Deep Storage Gold:
The USGovt takes the public for fools in a global sweeping sense. After
leasing and selling all 8500 metric tons from Fort Knox, the Clinton
Admin began to put phony entries on the official statements. The arrival
of Deep Storage Gold should evoke laughter, even deep guffaws. They are
nothing but mountain ore deposits, with a hope of becoming gold bullion
some day. If truth be known, the grand misfortunes experienced at
Barrick Gold, with shutdown of their Pascua Lama mine on the Argentine
Andes, will interrupt the process of bringing the deep storage gold to
the COMEX. Also, whatever portion of the Kennecott Utah mine output was
due to see the COMEX vaults, it will not arrive anytime soon either. The
landslide will curtail delivery for at least a year. The reaction in consequence
by Eastern nations is to build gold reserves. They realize the United
States, the Canadians, and the British are liars on almost all matters
of gold accounting in reserves. The USDollar, the Canadian Dollar, and
the British Pound have no collateral. Neither does the Euro currency.
The Eastern nations will accumulate much faster than they claim. The
Chinese and Russians have an order of magnitude more Gold bullion held
in reserves than they admit. They feel no urge to share the truthful
proper count.
Big US bank gold & silver naked short positions: The
practice of naked shorting (sales with no intention of ever delivering
the metal bars on the loading ramps) is plain illegal and corrupt beyond
description. Imagine selling Mercedes Benz cars to push the price down,
never to delivery the cars. The incredible sham takes place every day
in the COMEX market, supported by the LBMA in London. The so-called
paper gold price has no bearing or connection anymore to the physical
Gold price. The consequence
has been a profound shortage of gold bullion, gold bars, gold coins, and
gold talents, even gold jewelry. The Eastern nations have responded by
building gold reserves in much greater volume, sensing massive shortage
of precisely what would stabilize the monetary system, namely Gold. The
global market for various gold products has responded by imposing a
premium on the official gold price, since it has become a forced
cocktail of meaningless rubbish with a slimy foam head. The other more
heart felt consequence is
the return removal of Eligible gold in COMEX within the JPMorguen
vaults. They have fallen by a reported 65% in just two days of vacated
metal. The JPMorguen crew have handled a reported 99% of all gold
delivery requests in the last three months time. A bank run is
occurring, not in the commercial banks, but in the JPMorguen vaults
where Chased out are the gold bars.
Wide distribution of tungsten fake gold bars in the 1990 decade:
The action was largely directed at Hong Kong, the port for China. The
volume according to my sources is beyond a thousand fake gold bars sent
to Hong Kong banks during the Clinton-Rubin era. The reaction is an
unspeakable anger and resentment. The remedy pursued in order to keep
the lid on the scandal appears to be a secretive drain of US gold sent
East by refiners (not central bank). Doing so enables it to be
classified as Industrial Gold Supplies in the official trade data. The
big red thumb in the data is the arrival of an outlier of exports to
Hong Kong that did not exist last year. The more profound consequence
is the intense scrutiny over Allocated Gold Accounts and their demanded
repatriation. The bars are being assayed, verified, even recast. The
distrust of the vile New York and London bankers has reached high pitch
on the global stage.
Slug US coins in usage since 1965, making official coins mere plated tokens:
The action has revealed the shell game deployed by government officials
in their management of money. In ancient times, money was metal held in
hand. The sophisticated criminal bankers have been unable to conceal
the duplicity in money beyond coins as bonded securities became the
standard. In past Roman times, the practice was called sovereignty,
whereby the leaders would skim small amounts of gold from coins for
personal accounts and family wealth tucked away. The American trend
setters have gone far beyond what ancient Romans did. They have removed
over 90% of the precious metal in circulated coins. They went the rest
of the way to 100% by making paper the recognized legal tender, with
zero gold backing to the USDollar. By breaking the Gold Standard in
1971, the USDollar has no gold in support. The coins are a mere side
show. The consequence is an
exercise in Gresham Law. Good forms of money are removed from
circulation, removed from the risk that others might recognize their
higher value than the worthless slugs circulating among hands. The coin
market has seen fit to call the pre-1965 silver coins a strange name,
Junk Silver. Their value is multiples greater than face value, a great
embarrassment and signal flare of corruption.
Raids against the GLD & SLV exchange traded funds: The
entire design of these sham deceptive ETFunds is brilliant. The Wall
Street and London City designers deserve credit for building a Trojan
Horse that has been ridden for almost ten years by absolute morons and
lazy dolts, the greatest dupes ever to walk within the gold community
gates. The dupes include meatheads like Adam Hamilton and other supposed
wise men. The consequence
in this case is not a retaliatory deed, but rather a drainage of the
inventory at a rapid rate. Officially known as the SPDR Gold Trust, the
GLD gold inventory is enjoying a half-life of destruction. Spare the
engineering details. Note that on or about April 22nd, a
whopping 18.3 tons were removed. An acceleration is plainly evident
over the last few months. The first 50 tons took 75 days to depart the
vaults. The next 100 tons took 48 days to be loaded off and depart. The
next 100 tons took a mere 13 days to vanish. The most recent 100 tons
took under 7 days, as the acceleration continues apace. At the current
rate of departure, the SPDR Gold Trust will be vacant in around two
months time. The refill replenishment will be required by the Swiss
castles and Roman catacombs, but not the Tower of London (since nearly
bone dry). Forget the embarrassing negative premium inherent to the
ETFund over the last three years. Zero inventory is far more an
embarrassment. The big questions are whether the indescribably stupid
investors will notice, and whether lawsuits will hit the scene to bite
hard.
Bail-in solution for bank failure, Cyprus style: The
action is devious and destructive, whereby banks will talk of
recapitalizing within elaborate restructure events. However, when the
dust clears, the evidence is plain that the change to be seen will be
dead banks in dissolution with private bank accounts vacated. In other
words, razed leveled banks with no functioning operating offices, and
bank accounts showing zero balances. The consequence
is ugly and powerful, lost client trust in the banking institutions.
Faith is a key ingredient to stable systems. The US account holders will
be treated with stock shares in conversion for the dead banks, whose
value will converge quickly to zero. Same effect, lost accounts. Expect
soon the result to be a climax with bank runs. The bank runs will
coincide with bullion bank runs, the fast removal of gold held in
inventory vaults at the bullion banks, including JPMorguen and the GLD
exchange traded fund.
Phony big US bank accounting with FASB blessing: In
April 2009 a seminal event occurred, whereby the big financial
institutions were given permission legally to declare any value they
wish for their assets held on balance sheets. What an incredible
travesty, like giving children the authority to grade their own school
exams. Or like giving Al Capone the authority to approve his own tax
returns. Naturally, almost all the big US banks pass the Street Tests,
those shams to put a second layer of phony legitimacy on balance sheet
wreckage. The consequence is
multi-sided. The big US banks have grown dependent upon the USTBond
carry trade for rebuilding their balance sheets. They borrow for free
and invest in 10-year or 30-year USTreasurys. They tend to have no
profitable business segments, not from commercial lending, not from
investment bank functions like bond and stock issuance, not from credit
cards. The banks have in the process lost their commercial credit
function within the USEconomy. They have become casinos for carry trade,
derivatives, even money laundering.
Most Favored Nation status granted to China, with a Golden twist: The pact was secret but its ugly features finally became known. The Wall Street bankers shepherded a curious pact in 1999, whereby China would lease to the syndicate bankers a sizeable portion of the Mao Tse-Tung era gold. China would benefit from a wave of foreign direct investment starting in 2002, to build a critical mass of factories, enough to industrialize the nation. With trade profits, they would recycle the surpluses into USTreasury Bonds, just like the Saudis agreed to do, beginning in the 1970 decade. The Wall Street bankers were thus able to continue their gold leasing game. They had gutted Fort Knox and its ample tonnage. They continued with the Chinese gold, leasing it to support the price suppression. The Wall Street Boyz did not honor the pact, did not return the Chinese gold in 2007, thus the trade war heated up fiercely. The consequence has been a multi-lateral trade war, culminating in a deadly conflict that has the Beijing leaders motivated to kill the USDollar as global reserve currency on numerous grounds. It is not worthy, the object of monetary inflation decided upon unilaterally by the USFed central bank. It is the common denominator of wrecked banking systems. It is the credit card for consumption, even foreign aggressive wars. It compensates for what the United States lacks in industry. The ultimate consequence will be the United States losing its privileged global reserve currency USDollar, suffering imported price inflation, contending with supply shortages, and entering chaos. The Third World will be the death sentence, complete with a vast police state and utter brutality.
Reliance upon asset bubbles in USEconomy, dependence upon housing bubble: The
decision to dispatch the bulk of US industry to China from 2001 to 2004
was a critical turning point in the USEconomy. It convinced the Jackass
immediately of political and corporate sabotage of the nation. To
forfeit industry and the legitimate income was to put the nation at
systemic risk. Any dependence upon the housing and mortgage gigantic
asset bubbles for the USEconomy consumption spending was a perilous step
to lock in. At the time, the Jackass expectation was for the twin
bubbles to bust around 2006 or 2007, sending the nation into an
uncontrollable tailspin. The actual years were 2007 with the subprime
mortgage bust and 2008 for the Lehman bust. The Wall Street mavens
attempted to sell the clean industry plan of financial engineering
within an advanced system and sophisticated economy. They failed, as did
the phony offset risk structures. The consequence
is the nation approaching systemic failure amidst unstoppable central
bank hyper monetary inflation, with the Weimar nameplate on the
overheated printing press. The consequence
is the collapse of Europe in tandem, and a revolt among Eastern nations
which seek a USDollar alternative for both trade settlement and banking
reserves management.
The TARP Fund following the Lehman/ Fannie Mae/ AIG bust:
A major turning point for the public to wise up to Wall Street
criminality was the $700 billion TARP Fund designed for the big US bank
system rescue. The USCongress and the public were told that $700 billion
was urgently needed to keep the lending channels flush with cash, so as
to avoid a systemic seizure in the entire credit system. The arrogant
megalomaniac vile bankers instead funded preferred stock for the big US
banks, and made sure executive bonuses were funded as well. The largest
US banks quickly became giant hollow reeds without hope of remedy. The
bankers in firm control of the USGovt realized that directing funds to
the credit lending pipelines would not have avoided insolvency and ruin.
So they filled their pockets. The consequence
was the lost trust by the public of big US banks, which slowly they
realize are crime syndicates immune from law. The Too Big To Fail banks
are widely regarded as now Too Big To Jail, a big shift in perceptions.
The popular movements began, alongside the scattered lawsuits.
Abuse of Petro-Dollar arrangement with accomplice OPEC Saudi leader:
Claiming that the USTBond was our debt but your problem, stated to
foreigners, was arrogant and callous. It invited a response. The many
energy importing nations have been forced to pay for crude oil with
USDollars for over four decades. They resent the stricture, since it
means they must arrange for USTBonds to serve as the reserve foundation
within their banking systems. Numerous fronts have been engaged with
non-USDollar alternatives in response. However, Russia has a unique
strategy as consequence,
sure to weaken the OPEC cartel and possibly to force its crumbled path.
The Russian energy giant Gazprom is working avidly to create a NatGas
Cartel. Several large natural gas producers are already onboard, like
Iran and Qatar. Their devices are pipelines and liquefied natural gas
terminals. The zinger in the NatGas new coalition is Qatar, already a
key OPEC crude oil player. The coffin nail in the new coalition could be
Israel, whose Tamar floating natgas rig in the Mediterranean has
promised to send surplus output through the Gazprom system to European
customers. Add Cyprus to the Med mix, and Gazprom has captured Europe
with its new cartel.
Criminal banking activity, with collusion and protected by USGovt ministries and agencies: Since
the 1990 decade, the criminality has become deeply rooted. The gutting
of Fort Knox by the Clinton-Rubin Admin was the main seminal event. It
climaxed in the 911 false flag event that still confuses half the nation
of sleepy dopey types. The 2000 decade featured the mortgage finance
bubbles, laced with massive fraud. Its primary clearing house was Fannie
Mae, which proved useful for several other fraud rings run by the
USGovt, thus requiring its formal adoption and certainly not liquidation
with prying eyes. Fannie Mae is the multi-$trillion fraud store that is
linked to most every scummy seamy slimy game run by the USGovt. The consequence
of the permitted and impervious banking sector criminality can be seen
from the inside and from the outside. The domestic front saw the rise of
Occupy Wall Street, which federal police and local police conspired to
label as terrorist. The movement has been disbanded easily. The more
powerful threat might be the secession movement combined with states
pursuing gold for usage as legal tender, even applied for debt
satisfaction. Those are critical points cited in the Constitution when
defining MONEY. The US States have begun to exercise their independence
via the Tenth Amendment with secession movements. The foreign response
is more toward isolation of the United States, both for its governing
bodies and its currency, which means the USTreasury Bond flagship will
lose its reserve status. Numerous reports hit my desk of foreign
corporations and even government ministries not returning phone calls in
a grand global shun of US offices. They object to the arrogance and
practiced hegemony on financial matters in a queer global kingdom
manifestation. The USGovt acts like a global emperor, and foreign
nations resent it. The recent FACTA test is worth watching for reaction.
Generally the East ignores it, while the West dislikes it. Switzerland
will not deal with US citizens in banks any longer, a cheaper
alternative. The isolation has parallels in seeking non-USDollar
alternatives.
The confusion of money, ordained debt backed money used as legal tender:
The floating currency system used by the United States and the West has
a pernicious undercurrent, whereby by default the Western currencies
are deemed essentially as denominated debt coupons, designated for usage
as money for managing transactions and settling debts public and
private. The West thereby has confused money with legal tender for
several decades. The Western money is not money, but rather denominated
debt. The foundation of the monetary system is sovereign debt, in deed,
in reality. Not 1% of the American public comprehends this subtle but
highly important point. The super abundance of debt has reached crisis
levels, and has been in writedown phase for over four years, since the
Lehman Brother signal flare event. The phony debt based money has
persisted. For decades the wealth accumulation process has been laced
with the cancer of phony money. As the debt correction occurs in
accelerated speed, the sovereign debt of the West undergoes deep losses.
In the process, the nasty consequence
is that entire national wealth vanishes as part of a debt writedown. It
can be seen in the planned failures of systemically important financial
institutions (SIFI), as the Bail-In features wipe out private accounts.
The private accounts for savings, stock accounts, futures accounts,
even pensions, are merely badly defined debt markers within the vast
cockeyed skewed misaligned perverted system. Much of the US private
wealth will vanish in the debt writedown and financial firm failures,
one decade after phony home equity wealth vanished in a similar manner.
Ambush of the gold market in mid-April, reported as a massive selloff:
The gold market selloff was as shocking an event as it was pathetic. It
was as destructive an event as it was hilarious to observe. The bankers
committed suicide on the global stage. Rather than permit a London and
New York gold market default, they committed a grand illegal act by
selling $20 billion in gold through paper certificates in two days. The
grand sale was executed without benefit of any metal changing hands,
without promise of any metal changing hands, with full protection by the
USGovt for its criminal actions. The ambush attack did not net more
than a handful of gold bars from margin calls, themselves mere paper
entries. The consequence is
vast and has brought huge changes to the entire monetary stage. A
tremendous increase has been seen in gold demand, from Turkey to India
to Mexico to the United States to Japan to China to Thailand to
Singapore. The corrupt bankers avoided a default, but they assured a
more unavoidable future default by lighting a fire of global gold
demand, on the physical side with bars, coins, and jewelry. Gold
contract defaults will spring up everywhere, lately even for the
Chairman of the CME Group on his own contracts held. They exposed the
paper gold sham based upon gold futures contracts. The most powerful consequence
is that the banker syndicate has revealed the absent link between price
discovery and gold delivery. They have therefore ruined the essence of
the COMEX & LBMA gold market, rendering it a perverse playground for
criminals. It has no gold in inventory sufficient to handle the
delivery demands. The COMEX will soon be totally ignored, its price
considered a meaningless sideshow that only lacks criminal prosecution.
QUICK CONCLUSION
Miscellaneous
other deep dark deceptions have occurred, far too numerous to delineate
in complete fashion. A general effect must be cited, since so pervasive
and insidious. Gold and
USTBonds aint a market. Their so-called official trading arenas are
empty rooms with USGovt and USFed devices filling the empty space,
creating a phony price. The false Gold price has no real supply. The
false Bond price has no real demand. The claimed price is not where
Supply meets Demand to clear the table on the market. Therefore the
claimed price is not the real price. Neither Gold more the USTBonds are a
real market. Witness pure heresy.
THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
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Jim Willie CB, editor of the “HAT TRICK LETTER”
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