Everything, the world over, read, heard and seen from the news media regarding the economy is bullish. The mass of reports about the economy is so skewed; it makes one wonder if ‘supply and demand’ has given way to Central Bankers’ manipulation? Since the early nineties during the Clinton regime the media is concentrated in a few hands and turned into a Ministry of Propaganda, a Big Brother tool. These false realities people live in since then, extend into economic life today.
The ignorance of people on matters of capital, money, fascism, and economics is astonishing, it is the tragic fall into fascism and the creeping Big Brother state about the majority of people still are in denial of conspiracy, cutting across all age groups, all job sectors, and all levels of education and segments. All these people share the disease of denial fortified with ignorance and laziness.
They too, know nothing about gold, nor harbour any interest in gold, and have no curiosity about banker’s corruption or government’s narco-money effects. It is sad, but they must be let go, so as not to endanger the loyal Gold – Sound Money advocates.
The key wake-up call might be the bail-in bank account losses, or the installation of RFID chips on the upper left arm of the people. Not only do they enable fascist state monitors to confiscate their savings, but also infecting their body to cause cancer and other diseases.
The continued Zero Interest Rate Policy (ZIRP) exerts a powerful force to killing the Economy from the street level up. It assures and delivers an inadequate income for pension and insurance companies. The 0% rate has been in place since 2009, when the public was told it would be temporary.
Pension funds cannot meet their obligations any longer, and have resorted to selling their core holding assets, called ‘nest eggs’. Not a single corporate or state pension fund has avoided serious problems. Insurance firms are more expansive in their structure. But they also cannot meet their obligations any longer, and have resorted to selling their core holding assets, too. These are the strong detrimental micro effects on financial structures. The hundreds of thousands of private savers have billions stuck in bank certificates, which earn next to nothing.
The young cannot form households on the basis of part-time jobs, but retirees take these jobs in order to provide the missing income on their savings from the zero interest rate policy, which is set to supporting the balance sheets of a handful of giant banks, whose executives control the governments and Central Banks. With so many manufacturing and tradable professional skilled jobs, such as software and engineering, off-shored to China and India, professional careers are disappearing.
The world has to come out of the longest period of zero interest rates in history, an episode fraught with financial dislocations, even the near total collapse of the monetary system, and an era where central bankers deliberately kept their short-term interest rates at record lows, for over six years, much longer than just temporally.
Be assured that sovereign-debt crisis is the result. It’s already hitting Europe. Soon, it will migrate to Japan, one of the most indebted economies on the planet, and then it will hit the USA the most indebted government in the history.
When a sovereign-debt crisis starts to hit, almost no one will recognises it, while it already waits right around the corner. Rising interest rates have nothing at all to do with economic growth or inflation. Instead, rising rates create a sovereign debt crisis cycle that has everything to do with the fact that governments are going bankrupt.
QE is the death sentence. It guarantees that the US Dollar – and all other interconnected fiat currencies – will be removed from the global stage and thrown in the dustbin of history. Foreign banking systems are largely devoted to US T-Bonds as the foundation for their entire reserve system. Russia and Asian nations divest US Treasury Bonds in favour of Gold bullion, mineral deposits, even energy deposits. The Treasury bond market should be viewed as a grand black hole. It is the last asset bubble before government debt default and restructure.
Foreign nations holding US T-Bonds as the foundation for their entire reserve system are withdrawing these from their banking system to be replaced with the Chinese RMB as an intermediary device, as a transition tool. The goal is the return of the Gold Trade Standard, which will assure the return to the Gold Currency Standard and the Gold Banking Standard.
Fascist Business Model:
The absent solution to the chronic global financial crisis has been the refusal to put Gold at the apex. Instead, the big banks control the financial structure, the economies have become impassive, manipulated, the bond platforms is fracturing, while governments relied upon bond fraud, gold thefts, the printing press, and predatory wars to defend the King Dollar regime that is due for cremation.
This is the culmination of the Fascist Business Model, which puts emphasis on the big banks. They never faced the consequence of their criminality in bond fraud, contract fraud, counterfeit fraud, and even murder to silence those who could report on the derivative losses, the Maastricht treaty violations, the dirty narco-traffic. The connecting centre of most crime syndicates has been London and New York. – Eventually vast bank liquidations will accompany the GLOBAL RESET.
The big banks cannot make money lending anymore, since very few viable borrowers exist in this horrendous business climate. If negative bank rates do not awaken the sleepy, self-fooled, and badly educated masses, nothing will.
The major bond investors have long ago sold out to the Central Banks, the FED and the ECB have accumulated together over tens of trillion toxic paper that nobody wants. The value of this toxic paper probably is zero.
“Counterfeit or naked shorting by Wall Street banks have found a way to bring in liquidity to their broken insolvent big banks, selling US T-Bonds they do not own, receiving the funds into the corporate treasuries, improving handsomely their cash flow, never to deliver on the product. The buyer is none other than the US Federal Reserve, which does not force prosecution for counterfeit or bond fraud from its vassal bank accomplices in the crime of counterfeit. The result is a fancy pants infusion of big $ billions into the Wall Street banks with no costs associated. One must wonder how they hide the funds within their balance sheets, and quarterly statements. Probably they do so by mixing it in with their ample busy narco funds.”
As QE demonstratively was ended last October, many wondered who were buying the government debt, as rapidly became clear that there must be hidden buyers;
“Belgium, Luxembourg, Ireland, Cayman, and Switzerland that helped to manage the slush funds from the Basel hive. The Belgium location is important as seat of the European Commission and Parliament. They have invested in over $800 billion in US T-Bonds since mid-2012, almost equal to the US-Fed itself on its stated (lies for sure) QE volume. The official US-Fed understates the true QE volume by at least two-fold. Add in the derivative contract coverage, and it is believed the true QE volume is perhaps 10x to 30x greater.”
No Competition allowed:
The IMF (RKM owned) decided to delay entry of the Chinese RMB currency into their Special Drawing Rights basket of currencies. The reasons were insincere and misdirected, as the corrupt IMF cited “the RMB was not ready for inclusion.” More truthfully, the big banks did not want the competition to the major FOREX currencies and diversification out of US Treasuries. In response,
“…expect China to hasten its efforts to dislocate the US Dollar from its trade and banking. Expect extreme pressures to accelerate the increasing required usage of Chinese RMB in trade settlement.”
The End Game:
In the last two years, there has been a fast rise in US-based corporations being forced to settle in RMB to Asian suppliers for shipments of finished products. The Saudis will soon accept RMB currency in oil shipments, a movement sure to spread to all Gulf Emirate nations, then to all OPEC nations. The oil card is the flash point, and expects the petrodollar soon to be finished.
When the Gulf Emirates accept RMB for oil payment from all Eastern & Asian countries. Such event will sound the global alarm. Coupled with broad-based RMB trade settlement and more purchase of Chinese Government debt securities, the movement will be on to final pledge, the grand dump of US-Treasuries from Eastern banking systems.
In response the US will launch the New Shit Dollar, which will at the outset have a phoney gold foundation. A formal international audit process will break down the fraudulent basis, and lead to a series of painful New Dollar devaluations.
The New Shit Dollar will have 30% devaluation out of the gate, then many more devaluations of similar variety. Those devalue existing fiat currencies with up to 90%. – Imagine that you have to pay ten times more for everything, instead of €2 now, then €20 for a bread. Your € 200,000 mortgage would become a 2 million euro mortgage! The New Dollar will fail all foreign and Eastern scrutiny. The US eventually finds itself on the slippery slope that leads to Third World status.
The Bear Phase In Gold and Silver is coming to an End:
Meanwhile, the world of precious metals has become interesting, and the missing piece could fall in place. If gold stays above 1100 for some time, it will be considered a triumph for the yellow metal. It means a move away from a world of anger, pain, and moving ever closer to the world where all will be free to love one another.
The position of the banksters is becoming unbelievably strained in the gold/silver suppression scheme. When commitments of large speculators in gold futures reach an extreme low, gold is typically near a bottom. Gold traders are beyond scared. They’re throwing in the towel on the gold trade. They are bailing out on their positions, having to cut their losses.
This has to bring the market close to the point where there’s nobody left to sell… That’s how gold can rally by $200 in the next three months.
Eventually the Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $400 per ounce. In reaching these levels, the ratio will return to the 25-1 range.
The major upcoming events will be exciting to watch unfold, one after the other, in an inevitable sequence away from fascism and concentrated uni-polar power, with a strong movement toward freedom and unbiased systems with equally distributed powers.
James Turk – Money Bubble About To Pop
Gold expert James Turk thinks the biggest bubble of all is long past its expiration date. Turk thinks this bubble will end like all bubbles. Turk predicts,
“This money bubble is going to pop. It has to because there is just too much debt in the world. That debt has to be reconciled and, ultimately, when you are reconciling debt, it gets back to the point about collateral on the balance sheets. There is just not enough good collateral to support all of this paper money circulating out there.”
“I see a lot of these promises to deliver gold being broken and, ultimately, the only way you are going to see this being resolved is with a much higher gold price.”
How high? Turk estimates,
“You’ve got to be looking back to the all-time highs of $1,900 or $2,000 per ounce. We are eventually going to take those out. It’s just a question of when we do it. It’s obvious it is going to happen because gold has been money for 5,000 years and, ultimately, people will come back to gold when they realise that all these promises of bankers and central bankers really cannot be fulfilled. So, it is just a question of when that reconciliation comes. In March of 1968, the dam broke and the gold price was released and the gold price climbed for another 12 years. When the gold price finally gets released this time around, it’s going to climb for many, many more years. It’s hard to say how high it can go, but relative to the amount of paper that’s out there . . . a price several times higher than what we have today seems very, very reasonable in the long run.”