The Coming Collapse, Massive Global Debt & The Bernanke FedRes!

• Coming Collapse, Massive Global Debt & The Bernanke Fed! 
  by www.kingworldnews.com
  Today Egon von Greyerz wrote the following tremendous piece with accompanying charts.  King World News is extremely pleased to share this exclusive piece with our global readers.  Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in his outstanding piece. 
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  May 17 (King World News) – As precious metals investors worldwide are concerned about the correction in gold and silver let me tell you that you must not be.  The incredible concoction of debt, derivatives (that will never be repaid with normal money) and accelerating fiscal deficits in most countries will guarantee money printing in unlimited quantities….
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  “And Bernanke (and his successor) and fellow central bank heads will not disappoint.  The only important criterion in the job description of a central bank chief is that he/she is willing and able to print whatever is necessary and in the next few years that will most likely involve printing 100s of trillions of Dollars, Euros and Yen.
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Alex Jones: Collapse of America Hits Final Stage!

Jim Rogers: EU Goes Down the Tube as Politicians Spend Cash They Don’t Have!

US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing!

• The endgame is a global economic, financial and currency collapse and WW3! The Anglo-American western Illuminati will not allow any nation to threaten their global currency hegemony. Out of this coming global meltdown, the Illuminists will launch their Luciferian New World Order, World Government, Global Supra-National Central Bank, One World Currency backed by gold –> ’666′!
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• US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing! 
  by Matthias Chang, http://www.globalresearch.ca/
  US$ dollars have been flooding the financial markets ever since Bernanke launched quantitative easing allegedly to turnaround the US economy. These huge amounts of US$ toilet paper are mainly in financial markets (and in central banks) outside of the United States. A huge chunk is represented as reserves in central banks led by China and Japan.
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  If truth be told, the real value of the US$ would not be more than a dime and I am being really generous here, as even toilet paper has a value.
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  That the US dollar is still accepted in the financial markets (specifically by central banks) has nothing to do with it being a reserve currency, but rather that the US$ is backed/supported by the armed might and nuclear blackmail of the US Military-Industrial Complex. The nuclear blackmail of Iran is the best example following Iran’s decision to trade her crude in other currencies and gold instead of the US$ toilet paper.
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  If  the United States were not a military threat and a global bully that can blackmail with impunity the oil exporting countries in the Middle East, the global financial system which hinges on the US$ toilet paper would have collapsed a long time ago.
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  The issue is why has the US$ not collapsed as it should have by now? When we apply common sense and logic to the state of affairs, the answer is so simple and it is staring at you.
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  But, you have not been able to see the obvious because the global mass media, specifically the global financial mass media controlled mainly from London and New York, has created a smokescreen to hide the truth from you. Let’s analyse the situation in a step by step manner, and apply common sense.
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  1. The US is the world’s biggest debtor. The biggest creditors are China and Japan, followed by the oil exporting countries in the Middle East. With each passing day, the value of the US$ toilet paper is worth less and less. Like I said earlier, even toilet paper has some intrinsic value. It reaches zero value when everyone has to carry a wheelbarrow of US$ to purchase anything.
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  2. For the US$ toilet paper creditors, they cannot admit the fact that they have been conned by the global Too Big To Fail Banks (TBTFs) acting in concert with the FED and the Bank of England to accept US$ toilet papers. The central bankers of these countries have a reputation to preserve (not that there is in fact any reputation, for their so-called financial credibility is also part of the scam) and the political leaders that relied on them is in a bigger bind. How can the political leaders be so very stupid to trust these central bankers (who have stashed away in foreign tax havens huge US$ toilet papers as a reward for their complicity). This is the current state of affairs in plain English. They are having sleepless nights worrying if and when the citizens would wise up to this biggest con in history i.e. the promotion and acceptance of fiat currencies, the US$ being the ultimate fiat currency.
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  3. The global financial elites led by the FED know that this state of affairs is to their advantage and they are exploiting it to the hilt! They also know that no country or organisation has the military resources to threaten the US to stop this global ponzi scheme which has been going on since 1945 and intensified since 1971 when President Nixon de-coupled the US$ from gold. The pound sterling is another story but, it is not relevant for the purposes of this analysis.
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  4. Additionally, and as a result of the above-stated scam, countries were led to believe and to accept the false economic theory that export generated growth (GDP) should be the foundation of economic development, as the United States having limitless US$ toilet paper has the ability and the means to purchase the global exports, it being the largest consumer market in the world. In the result, the world’s factories and their workers, including those in the developed world such as France and Germany worked their butts off to be rewarded with US$ toilet paper whose value is less than the paper and ink that produce it! The financial frolic went on for more than forty years and came to an abrupt and foreseeable end in the 2008 global financial tsunami.
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Click on image for article!

“They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.

“Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” - Ron Paul

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Lindsey Williams & Vinny Eastwood: Elite Not Ready To Collapse Economy YET ! (14 May 2013)

This Catastrophic Situation Is Entering The Terminal Phase!

Fiat currencies Titanic is destined for destruction!

• This Catastrophic Situation Is Entering The Terminal Phase! 
  by www.kingworldnews.com
  Today John Embry spoke with King World News about the continued turmoil in gold and silver and what the central planners and China are up to as the gold war continues to rage.  Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say in his tremendous interview: 
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  Embry: “The violent takedown in gold and silver in April is still reverberating around the markets.  Underneath today’s smash in the metals, physical demand is asserting itself and I think we have a limited shelf life for the paper control of this market.
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  I firmly believe that in the end the paper gold market will be seen as one of the greatest Ponzi schemes of any era, and it will end very badly for anyone on the wrong side of the trade.  But I’m more focused on the fact that downside in gold and silver is extremely limited and the upside is staggering….
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Japanese Bond Market as New Fukushima!

Source: http://www.zerohedge.com

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Russia’s Plan For The BRICS To Dismantle The Dollar System!

In a courageous investigation, Antony Sutton establishes tangible historical links between US capitalists and Russian communists. Drawing on State Department files, personal papers of key Wall Street figures, biographies and conventional histories, Sutton reveals: the role of Morgan banking executives in funneling illegal Bolshevik gold into the US; ..the intervention by Wall Street sources to free the Marxist revolutionary Leon Trotsky, whose aim was to topple the Russian government; the deals made by major corporations to capture the huge Russian market … and, the secret sponsoring of Communism by leading businessmen, who publicly championed free enterprise. “Wall Street and the Bolshevik Revolution” traces the foundations of Western funding of the Soviet Union. Click on image to goto the free pdf E-book !

• Both the Anglo-American western Illuminati and the Russia/China Illuminati are quite obviously controlled by the Satanic bloodlines. This battle between the west and the BRICS is simply 2 pit viper having a go at each other to see who will be top dog when the Man of Sin, the Anti-Christ is revealed. Regardless of which side wins, it is still the Luciferian New World Order –> ’666′.
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• Historically, Communism was financed, managed, supported … by the Illuminist banksters out of Wall Street. The same Synagogue of Satan controls the west and Russia/China. Russia via the Rothschild bloodline and China via the Rockefeller bloodline. The head of the snake is the British Monarchy leading the Black Nobility of Europe! The Illuminist philosophy is to own/control all sides in a major conflict!
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• Russia’s  Plan For The BRICS To Dismantle The Dollar System! 
  by http://www.nakedcapitalism.com/ 
  Some financial markets commentators seem to be eagerly awaiting the dollar to  collapse under the weight of the Fed’s monetary expansion. The wee problem with  that view is that everyone knows that the party that trashes its currency gets a  nice boost to its export sector, but it’s easy for this sort of behavior to  devolve into “beggar thy neighbor” competitive devaluations (witness our recent  finger-shaking at Japan). And since policy-makers in the major economies are  deeply devoted to our current “free trade” system, the tacit assumption has been  that we might see some jockeying within the current system, but no real  breaks.
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  And the second major reason for the mainstream view that the dollar’s  dominance is not at risk is that no other large economy wants the burden of  serving as the reserve currency, which entails running trade deficits much of  the time.
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  Nevertheless, a lot of countries resent the dollar hegemony. This post  describes one effort to supplant it.
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  By Valentin Mândrăşescu, Editor of Reality Check @ The Voice of  Russia. The article was edited by Wolf Richter and first published by Testosterone  Pit.
  The status of the US dollar as the world reserve currency gives the US a  number of advantages over other countries. The world’s most important  commodities are priced and traded in dollars, even if most of these commodities  are not produced in the US. The fact that the world’s financial system is based  on the dollar allows the Federal Reserve to export inflation to other countries,  while the Federal Government runs a huge deficit with impunity.
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  So far, only China has been active in challenging the dollar supremacy. The  internationalization of the yuan is an official priority of Chinese leaders.  Currency swap agreements with major trade partners like Brazil, France, or  Australia are small but important steps in the Chinese strategy. Changing the  world financial system is not an easy task and certainly a very challenging  undertaking for China. Now, it seems that Beijing has found an ally in the  Kremlin. And there appears to be a consensus between the BRICS countries: the  urgent necessity to dismantle the dollar system.
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  A week before the recent BRICS summit in Durban, the Kremlin administration  has silently produced a document which describes the Russian strategy in the  context of BRICS cooperation. The document makes for a fascinating read for  anyone brave enough to plow through the dense Russian legalese. The strategy has  been designed in the “inner circle” of Vladimir Putin’s team, so it is safe to  assume that it represents the official view on the BRICS future.
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  In Russia, politics are Byzantine; the fact that the Kremlin decided not to  hide the document or leak it to a chosen few journalists, but publish it  outright is a very strong signal, a very vocal angry signal directed at the US.  A signal that the Western media chose to ignore.
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  In the recitals section of the document, the authors point out that “there is  a common desire of the BRICS partners to reform the outdated global financial  and economic framework that doesn’t take into account the growing economic  weight of the emerging markets.” Moreover, the Russian strategists view the  BRICS as a tool to reform the way the world is being governed. Then the document  hammers home its message:
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  Russia assumes that, given enough political will of the leadership of the  BRICS countries to advance their cooperation, this alliance can become one of  the key elements of a new system for global governance, primarily in the  economic and financial domains.
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  Move aside New World Order! The BRICS are coming to change the world.
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  The goals are clear. In the section titled “Strategic goals,” the first point  on the BRICS’ agenda is the reform of the world financial system in order to  make it “fairer, more stable, and more efficient.” In the later chapters, it is  spelled clearly that this “reform” is actually a dismantling of the dollar  system.
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  It is worth noting that the place of this issue in the list of the BRICS’ priorities speaks volumes about its importance. Judging by the order of  priorities, depriving the dollar of its status as the world reserve currency is  more important than “preventing breaches of sovereignty” (a.k.a. the “Syrian  problem”) or “expanding economic cooperation.”
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Click on image to goto online book!

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Global Banks Massive Criminal Conspiracy In The Gold Market !

• Global Banks Massive Criminal Conspiracy In The Gold Market! 
  by www.kingworldnews.com
  Today one of the savviest and well connected hedge fund managers in the world told King World News that global banks are involved in a criminal conspiracy in the gold market.  Outspoken Hong Kong hedge fund manager William Kaye also spoke with King World News about what is really taking place behind the scenes in the war on gold.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part II of an extraordinary written interview series which will be released today.
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  Kaye:  “The paper gold price has been driven well down.  We’re nowhere close to when gold peaked above $1,900.  We’re in the low $1,400s as I speak now, Eric. 
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  So price has gone down, but what about volume (in gold)?  Well, I can tell you that volumes in China year over year are up four to five times.  I can tell you that volumes in Thailand, a similar amount (to China, up four to five times). 
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  Volumes in India, despite an increase in taxes, and despite the fact they are making it more difficult for average people in India to acquire gold, all of the dealers that we talk to who deal into India tell us it’s the same experience as China.  It’s up four to five times….
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Egon von Greyerz: The Move To Global Hyperinflation Is Now Accelerating!

Feel fee to wipe your ass with it !

• The Move To Global Hyperinflation Is Now Accelerating! 
  by www.kingworldnews.com
  Today Egon von Greyerz told King World News there are extremely clear signs that the move to global hyperinflation is now accelerating.  Greyerz had some incredible economic numbers that illustrated the coming hyperinflation.  Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this tremendous interview. 
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  Greyerz: “Eric, I’m looking at the disconnect in the world and it’s becoming more exacerbated.  Let’s look at some examples:  Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects.  Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China.  None of these countries have a booming economy.  What they have is massive debt and accelerating deficits.
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  The Baltic Dry Index is around 900, and is another indicator of the disconnect.  The peak of the Baltic Dry Index was around 11,000 about 5 years ago.  This shows you what is really happening with global trade and economic activity….
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  “The shipping index hasn’t shown any signs of an upturn in the last year.  It trades about 90% lower than it was five years ago.  If we look at Japan, the yen is down 30% in the last year, and the Nikkei is up 70% since November. 
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  As we know, government debt in Japan is 200% of GDP which is the highest in the world.  Total debt in Japan is around 500% of GDP and it’s accelerating.  The Japanese bond market is also a disaster and will only get worse.  Eventually Japanese bonds will become worthless.
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We will all be trillionaires but can’t afford breakfast !

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Greg Hunter & David Quintieri: Bank Runs, Hyperinflation, & Obama Impeachment?

US Government Economic Statistics: The B.S. Is Flying At Us Everyday Now!

• The B.S. Is Flying At Us Everyday Now! 
  by http://truthingold.blogspot.ca/ 
  Two more Government propaganda agencies released extremely misleading data this morning.
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  First, the Census Bureau released its estimate for April retail sales.  The headlines flashed in big bright lights that retail sales increased a “seasonally adjusted” .1% over March.  The March number was originally reported at -.4% but was revised lower to -.5% – or down from February.
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  Now here’s the interesting part:  if you go by the not seasonally adjusted estimated number, sales for April actually declined from March by 2.5%.  That’s quite a bit different from the fabled headlines everyone will see or hear today.  Here’s the data:  LINK  And a negative reading is more consistent with the wholesale sales number released last Thursday by the Commerce Department, which showed that wholesale sales posted their biggest drop in four years:  LINK
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  You would at least think that if the Government was going to paint a big lie, they could at least get their various statistical departments to cooperate with each other so that the lies are consistent across the data.
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  An even bigger joke is that Bloomberg News reported today that Wall Street dealers are now forecasting that the U.S. Treasury will reduce the size of upcoming Government Treasury auctions due to “soaring revenue” and based on the CBO’s recent estimate that the Government will run only an $845 billion deficit for fiscal 2013.
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  Now, part of the problem with this idea is that for the first 7 months of FY 2013, the Federal debt load has gone up by $700 billion.  The only reason the debt goes up is because revenues are not covering spending – i.e. a true $700 billion cash spending deficit.  In terms of the timing of cash flows, we know that the Treasury received a big balloon payment in December as wealthy people sold down taxable assets and paid the gains on them ahead of the Jan 1 tax increases.  Moreover, the first few months of the year thru April account for a disproportionate amount of tax revenues for obvious reasons.  So, is tax revenue really “soaring?”  LOL
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  The bigger part of this CBO joke is the incredibly poor track record that the CBO has in forecasting debt levels and spending levels.  As Zerohedge pointed out back in February, in 2001 the CBO projected that by 2011 the Treasury would have a balance sheet surplus of $2.4 trillion – i.e. no debt.   Instead, the actual number was a debt load of $10.4 trillion.  Just a slight miss there.  And a year ago, the CBO was forecasting that this year’s deficit would be $585 billion.  Zerohedge Link
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  Obviously, going by the monthly run-rate already experienced in 2013 for the first 7 months, the Government is running roughly a $100 billion per month deficit.  Unless the Government can figure out a way to recreate the one-time surge in revenues that occurred in December and maintain income tax revenues at the same run-rate as they were thru April 15, I would expect that the Government, short of using some accounting tricks, will continue to run about $100 billion per month deficit thru the September FY-end, for a total spending deficit of $1.2 trillion.
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  The point of all this is that the garbage coming of out of DC and NYC on a daily basis keeps getting bigger, more rotten and more foul-smelling.  And I’m sure most of you don’t care – I do or I wouldn’t have brought this up – but the immigration reform bill going through Congress right now contains language buried in it that mandates the establishment of a database that records and keeps biometric data on every single citizen of the U.S.:  LINK  All I can say to that is that anyone who doesn’t think George Orwell’s vision was accurate is an idiot.
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  If they wanted to eliminate illegal immigration, they should just cut back on welfare and social security disability by about 50%, because it would force people who are otherwise capable of working to do the jobs that illegal immigrants are willing to do. 

Can you smell it?

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Disappearing Gold Inventories, Financial Collapse & The FedRes!

• Disappearing Gold Inventories, Financial Collapse & The FedRes! 
  by www.kingworldnews.com
  Today outspoken Hong Kong hedge fund manager William Kaye spoke with King World News about disappearing gold inventories, financial destruction and the Fed.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions and who is the founder of Pacific Group, had this to say in part I of an extraordinary written interview series which will be released today.
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  Kaye: “Stocks in our opinion have been driven higher by all of this cocaine from the Fed and the other central banks.  So we live in this financial Potemkin village in which stocks are overpriced.  I can’t give you a date as to when they will collapse, but I can tell you with great certainty that they will.
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  Bonds are widely overpriced with the obvious reason that the Fed itself is 70% of the US Treasury market.  So stocks and bonds are overpriced and everyone is printing money.  Just in the last week the ECB lowered rates and told you in the narrative they would lower them further….
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Nick Barisheff: Global Hyperinflation Coming!

• Nick Barisheff: Global Hyperinflation Coming! 
  by Greg Hunter’s USAWatchdog.com 
  Gold expert Nick Barisheff says the plunge in the gold price is sparking demand.  Barisheff contends, “Usually when there is a big drop in price of paper, there is also a drop in demand on physical gold.  This is the first time I can remember that it has gone the opposite way.  People are perceiving the drop in price as a gigantic buying opportunity.  It’s on sale at a lower price.”  The dollar is going to dramatically lose value.  Barisheff predicts, “What’s different than the other 65 hyperinflations is, this time, we are going to have global hyperinflation.”  Barisheff says nothing has changed to justify gold’s dramatic price drop.  Barisheff says, “When I listened to the debt ceiling debate in 2011, it became crystal clear the debt situation wasn’t going to get resolved.  So, it is accelerating, and the relationship between the U.S. debt and gold is almost a perfect correlation.”  Join Greg Hunter as he goes One-on-One with Nick Barisheff, President and CEO of Bullion Management Group, and author of the new book “$10,000 Gold.”   

Zimbabwe Hyperinflation!

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Bill Holter: The Endgame of a Global Currency Collapse, Reboot, Revaluation of Assets & New World Financial System is Being Discussed ! When will They Pull the Trigger?

• A Fly on the Wall! 
  by Bill Holter, http://blog.milesfranklin.com/ 
  The G-7 are meeting this weekend outside of London.  This was unscheduled and can only be considered as an emergency meeting.  I for one would love to be a fly on the wall to hear the goings on as I am sure the “outsiders” from the rest of the G-20 would.  The G-7 are the traditional “power” nations, they are also the ones doing the most printing and inflating.  Since the beginning of the Greatest Financial Crisis, these nations have bankrupted themselves the most, printed and borrowed the most and basically “lost some power” with their actions.  I might add that these nations of the “West” have also been responsible for gold being shipped “East” …and thus with it “power.”
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  So what exactly is being discussed?  We will soon find out (or see the results) but I would imagine that anything and everything pertaining to the “end game” will be touched upon.  Bank weakness and insolvency must be at the top of the list, QE’s lack of traction is also surely up there.  Gold inventories (or lack of) must also surely have been discussed and I would certainly think that currency collapse was on the agenda.  “Currency collapse,” replacement of same and “bank holiday” including “bail ins” were probably all discussed and pre planned.
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  Tell me that I am crazy and that none of these topics were broached, the physical metals markets globally are telling me (and them) that they were and that the end game is near.  The question is this, how much longer can inventories supply the outsized demand that has been created by the false and fraudulent “paper” crash of metals pricing?  We do not know the answer to this question; “they” do.  They know what is really left and whether or not the bottom of the barrel is already in sight.
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  To the above I would add that here in the U.S. we also have a dangerous week ahead.  The Obama administration is taking huge body blows over the Benghazi attack last year.  None of the official stories add up and it turns out that orders came from somewhere to “stand down” while Americans were being killed.  I say that this coming week is dangerous because your attention apparently needs to be altered in a different direction.  The distinct possibility/probability of some sort of false flag event is now off the charts.
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  I have maintained all along that a “bank holiday” would ultimately occur which sets positions in cement while a revaluation of assets and currencies takes place.  As time has passed, this looks more and more likely to me as nothing has been done to avoid this scenario.  In fact, the West has simply pressed the accelerator harder and opened the monetary spigots further… with almost zero effect on the real economy.  Stock markets are acting out like an early warning signal to a hyperinflation.  Gold and silver have not been allowed to do this which is why physical inventories have been attacked so fiercely.
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  Since I am not a fly on the wall and can only speculate until “we find out,” my guess is that the end game is in fact being discussed.  How best to shut the current system down, reboot another one AND retain as much power as possible.  Call me cynical, crazy or whatever, I truly believe that preparations are being discussed here and now “how best” (for them) to close out this current chapter of world finance.  By the way, all of this has been discussed and planned years ahead of time, these are not fools.  The current discussion is merely about pulling the trigger.

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