- Jim Willie on The Strength in Silver and China’s Bitch (JP Morgan)
by Chuck Ochelli, https://ochelli.com/
04/07/2017 Friday – Jim Willie on The Strength in Silver and China’s Bitch (JP Morgan).
GoldenJackass.com is where you can find Jim Willie who doesn’t give a damn about plastic Dollars, but does explain how a gold-backed currency basket of nations might leave the US the odd man out.
GoldenJackass.com Summary (Get Your Hat Trick Newsletter Today) topics covered include:
– Syrian War with US-led hidden ISIS involvement in grand confusion
– falsified ISIS videos continue with guerrillas posing as rescue workers over fake victims
– risk to paper assets with favor to Gold & Silver investments
– the grand suppression of the Gold market since the Lehman event during the QE hyper monetary inflation episode
– the 5-fold rise in money supply since Lehman event as justification for 5-fold sudden rise in Gold price
– the stupid argument (propaganda) of not sufficient amount of Gold bullion to cover currencies as pure Keynesian rubbish
– the USFed rate hikes with ulterior motives but with risk to undermine the USDollar credibility
– the fear rises on the puffed up bloated bubbly USDollar currency market
– the sequence likely to occur on Gold RESET with trade payment, then bank reserves, then gold backed currencies
– the profound challenges for remedy to the gargantuan imbalances in the financial world
– the imbalances which should not continue since so difficult to remedy (straw dog heresy)
– the emerging dual universe of a USD-based West versus an RMB & Gold-based East
- Dr. Jim Willie: Top 10 Risks to the U.S. Dollar
In the following video, Right Wing News personally interviews the one and only Dr. Jim Willie about the latest happenings in the global economic market and how they relate to what we should expect from the U.S. Dollar and U.S. economic markets.
Among some of the topics covered include the non-passage of “Obamacare Lite” and whether that is expected to have any significant effect on U.S. markets, as well the coming retail apocalypse, the Fed’s decision to raise interest rates when there is no data to suggest the economy can handle it, why other countries are dumping U.S. Treasuries, and what it means for Americans not if, but when the U.S. loses its status as the global reserve currency. After the interview, be sure to check out Dr. Willie’s latest post at GoldSeek.com.
- Jim Willie: Top Ten US Dollar Risks
by Jim Willie CB, GoldenJackass.com, via http://www.goldseek.com/
The USDollar has never been in greater danger for losing its dominant position as global reserve currency and payment standard. Challenges to its supremacy are many and with each passing month, more threats are put in place. While the volumes of trade payment in Chinese RMB grow slowly, and the banking reserves in non-USD bonds grow slowly, the risk for the USDollar to be marginalized has increased significantly in the last two to three years. Basically speaking, a fiat currency run by a corrupt, thieving, and dishonorable hegemonic regime for the sole purpose of exploiting the rest of the world cannot stand the test of time, and will be dismantled. The community of nations gathers momentum and organization with producing an alternative. It has taken time, and will require more time. The scenario is indeed possible of a dual universe has been raised, whereby the West continues under the USD-based system, and the East emerges under a new RMB-based system. However, the Eastern alternative is step by step to emerge with a gold foundation. The USDollar cannot compete with Gold in any way except through continued fraud, intimidation, extortion, and open war. All these topics at high level and ground level are covered with analysis in the Hat Trick Letter.
The fall of the King Dollar Empire is near, as the Global Paradigm Shift proceeds without potential for interruption or much further delay. The galactic decay decline and demise is assured. It has been a brutal final chapter, marred by universal corruption and endless war. It has earned the Empire of Chaos label, for its many color revolutions which mask the brutal hegemony and theft of assets. The fall of the baseless USDollar occurs simultaneously with the rise of the solid Gold foundation. Below are the Top Ten risks to the USDollar, which will end the year 2017 in a significantly weaker position than it started.
“It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst
- “It Would Have Taken Out ALL THE BANKS”: MAJOR Operation Needed to Stop the Next Bank Run on Gold – London Analyst
Alasdair Macleod Joins Us From London to Warn Things Are Getting Critical in the Gold Market:
“It Would Have Taken Out ALL OF THE BANKS”
The London Analyst Reveals A MAJOR Operation Will Be Needed to Stop the Next Bank Run on Gold, & Explains Why THIS Is What’s Driving the Price of Gold:
* Gold & Silver Rally: This Has A Good Feeling Behind It
* This Rally In Gold and Silver Could Go A Long Way
* Will Eurozone Demand For Gold EXPLODE As the Italian Banking Crisis Nears Climax?
* Macleod Takes Us Back to Cyprus: He Explains the Last Time We Had A MAJOR Operation to Stop A Bank Run On Gold: It Would Have Taken Out ALL of the Bullion Banks!
* It’s Going to Be A Bit More Difficult To Stop the Next Bank Run On Gold
* We’re Getting to the Stage Where We Want the Financial Crisis to Begin
* The US Dollar Is Going to be VERY VERY WEAK, It’s Going Down, and Down, and Down – Implication Is Gold and Silver Will Go Up, And Up, And Up!
Physical Silver Update:
Sales of US Mint Silver Coins QUADRUPLED this week to 795,000 coins from just 220,000 Silver Eagles one week ago, bringing monthly ASE sales to 1.295 million coins, and year to date Silver Eagle sales to 7,637,500 coins as demand increased across the industry as silver prices recovered from the drubbing received at the hands of the bullion banks ahead of the latest Fed Rate Hike. Premiums on 90% silver bags stabilized this week after jumping last week, as the .50 jump in silver spot prices freed up additional silver bag inventory.
Russia Now Prepared for Both Dollar Collapse And Future Sanctions by Announcing Alternative SWIFT System
- Russia Now Prepared for Both Dollar Collapse And Future Sanctions by Announcing Alternative SWIFT System
Over the 70+ years the U.S. has had control over the global monetary system, they have used the dollar on occasion as an ‘economic weapon’ to force other countries into ceding to their national and international policies. And of course their most common way they do this is by cutting off nations from access to the SWIFT system.
But in the wake of the economic sanctions Washington and the European Union imposed on Russia following the Ukrainian coup, China, and now we can add Russia to this group, have used their time in creating their own SWIFT alternatives, and on March 23 the central bank of Russia announced they are fully prepared for any overt or covert monetary crisis which may include a dollar collapse, or future sanctions that might be used to attack the ruble.
If the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is shut down in Russia, the country’s banking system will not crash, according to Central Bank Governor Elvira Nabiullina. Russia has a substitute.
“There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative,” Nabiullina said at a meeting with President Vladimir Putin on Wednesday.
She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard.
Izvestia daily reported that as of January 2016, 330 Russian banks had been connected to the SWIFT alternative, the system for transfer of financial messages (SPFS).
In 2014 and 2015, when the crisis in relations between Russia and the West were at their peak over Crimea and eastern Ukraine, some Western politicians urged disconnecting Russia from SWIFT. – Russia Today
- Hugo Salinas Price: The World Will Hyperinflate Into A Gold Standard
by Dave Kranzler, http://investmentresearchdynamics.com/
“If one can only see value in paper currency terms, one cannot see value at all”
Hugo Salinas Price – website link – posted a couple of comments on Stewart Dougherty’s guest post earlier this week. I concluded that his insights needed to be shared on the front of this blog and he gave me permission to edit them together to make them easier to read for everyone. “I know my comment was complex but I wanted to condense the thoughts I have developed over three decades:”
I would like to take this chance to share a few of my thoughts on this. To me it is pretty clear that the American gold is encumbered. Not because of the usual reasons found on the web but because America defaulted on its gold under the Nixon administration. There are still, many foreign claims on that gold. If America starts to use that gold officially, the gold vultures, like the bond vulture funds, will be out en masse and with force. So it is in America’s best interest to ignore that gold – and gold in general.
The world has (finally) realized that a country with the reserve currency is not something a country should want and that the dollar can fail. The danger is that it will fail to soon. That is why the euro was created for example. The currencies from the individual countries were all issued from the US treasury. Meaning that if the dollar went the way of the dodo, the European currencies would die with it. Enter the euro, issued from gold [the euro was originally partially backed by gold]. The gold held by the ECB is priced on a mark to market basis. You can check the website of the ECB, its number one asset is listed as gold and, sadly, gold receivables [meaning that gold is leased out]. Most of the Eurasian landmass followed this initiative [pricing Central Bank gold on a mark to market basis] – for instance, the BRICS countries. All that is needed a rebalancing of the gold holdings of major countries. Enter China. They had way too little gold and way too many dollars. But last year they also started to mark their gold holdings to market.
Seems to me the world is ready to hyperinflate into gold. After all, all currencies have already hyperinflated in the financial world. When the run on real things happens, as a system operator, you don’t want that since a functioning printing press is worth way more than gold. So you want to guide the hyperinflation into a useless metal and use this gold to help equalize the tradeflows. They cannot implement a global political & economic system when things are unstable because it will fail again and soon. Just as all reserve currencies did since late 1400. If I were in the position of the globalists, I would aim for the Roman model. Split the money concept. Currency for spending and settling debts but use gold and silver as a final debt extinguisher. This would function to prevent the kind of mess the EU countries are now in. The debts of the south are the assets of the North. This is a recipe for disaster.
Let me elaborate on why I think that the world is ready to hyperinflate in gold terms. The Western public will not hold an asset that goes nowhere, at least in currency terms. The public in the East were never fooled that way. Some – I think rightly – joke “if one can only see value in paper currency terms, one cannot see value at all”. I also think gold is wealth and not money. Gold has always been funny in that way. So many people worldwide think of it as money even though its supply tends to dry up as the price rises.