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Jim Willie: Trump Victory, The Economy And Gold


  • Jim Willie: Trump Victory, The Economy And Gold
    by, via  
    The Trump victory was expected by the jackass, but to be honest, it took my breath away with a certain dash of surprise. At an hour past 2am, I could not break away from the TV set, wanting to see the final result. I actually covered my eyes and had empty tears with joy. The US nation can now move past the NeoCon era, the warmonger era, the bank fraud era, the economic gutting era whereby the NeoCon nazis almost completely destroyed their host. Many key figures among the elite will find themselves being hunted, not just by the law enforcement, but by hidden entities with intentions to clean the planet of this deeply corrupted human vermin. Trump as president will have an enormous daunting task to rebuild the national economy, which has been systematically wrecked by the BushJr Admin and the Obama Admin. For those still too dim mentally to perceive, the NeoCons cut across political parties, joining the Bush Team, the Clinton Team, and the Obama Team with narcotics and globalization their common cord. That cord will be cut.

    The next big shock to hit the United States will be a positive thrust from the end of military threatened conflict with respect to Russia, and even to China. With Russia the detente will involve a measured end to sanctions and a possible dismantle of NATO, whereby the Gazprom pipeline might be agreed upon with some special provisions that benefit the poorer European states. With relaxed tensions on the Chinese front, look instead to new escalation to trade war between the US and China. Trump has promised to reverse tax breaks for US-based multinational corporations that outsourced labor to the Asian front, only to have their output imported into the US. Expect some thorny negotiations, and some compromise, along with a truly massive reconstruction of the USEconomy with thousands of new little companies being formed, even with free trade zones.

    The other shock will be negative to hit the United States. The global rejection of the USDollar will become put under stronger light very soon. The several non-USD platforms have greatly accelerated their volumes, something not well publicized within the US financial press. Trump will work constructively on this matter, but he might actually be a little on the defensive, since he knows well the gravity of the situation. The USDollar will soon lose its global currency reserve status, and with it comes the manifested necessity of the domestic USDollar. The Jackass has called this the New Scheiss Dollar. It has numerous east coast warehouses full of the so-called rainbow dollar. Given the $550 billion annual trade deficit, any new dollar must be devalued. My firm belief is that it will be subject to a 30% devaluation immediately, and another 30% devaluation within its first year after inception. Given the extreme difficulty and challenge to reduce the trade deficit, expect a series of further 10% devaluations in the future even after new companies are formed with a national emergency mission to export in greater volume in order to reduce the deficit. The Gold price will be released during these nasty developmental phases. Expect the COMEX and LBMA to be shut down on their paper gold operations.

    The Gold price will rise during this entire period of transition. The uncertainty will initially drive it higher. Later, the extreme challenges behind the new dollar and its steep devaluation schedule will drive the price higher. Meanwhile the transition from a fascist state to a capitalist state will see numerous elite figures and established institutions put under legal scrutiny. Some will be jailed, while some institutions will be reformed or vanish. The Gold price will respond to the legal strains on these former power centers. Trump knows what a fair sound currency means, since a smart man. He will eventually embrace the Gold Standard as a plank toward USEconomic Reconstruction. Many are the missing details however. Under his administration, the Gold price might find its true value, but only during a horrendous chapter for the USEconomy in its transition. It must pass through the Third World gates, at least for a year or two, maybe more.

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November 12, 2016 - Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , ,

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