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Post by Duc N Altum on Apr 27, 2016 9:35:56 GMT -5
I have been saying this on the boards and in Pal Talk for a long time about the sell off of the dollar globally and I also talked about the dumping of bonds and how check mate this is to the fiat controllers' financial system. Obviously, then the only saver is a GLOBAL ASSET BASED SYSTEM that the fiat controllers globally... lose their fiat control of the whole global when a asset based system gets put into place globally and the central banking oxygen supply of "Fractional Reserve Banking" would not be able to co-exist if the whole world jumped into a GLOBAL ASSET BACKED SYSTEM to prevent themselves from going down in the whole fiat debt based financial system sinking in the fiat whirl-pool with the derivatives and bonds going down and trying to bring the "fiat" world with it... is my complete belief how it could very well go if the world does not go asset backed into a different financial system than the fiat debt based system.
Anyway, listen to John Williams "on the dollar sell off" and all else he talks about. A must listen for those that want to hear an expert's understanding of this matter. Enjoy for those that allow their minds to understand how this would be a massive checkmate to the fiat financial system and the only seemed solution would seem to be an "asset based" global financial system. " The Ultimate CHECKMATE to the fiat controlled debt based financial system," AIMO - Duc.
John Williams-Dollar will Blow Up and Collapse
Published on Apr 26, 2016
Economist John Williams says it is not a matter of if, but when, there is panic dollar selling. Williams says the Fed would try to slow it down. Williams explains, “The Federal Reserve would step in and slow the pace to make it not appear like a panic. If you start to see a panic selloff (in the dollar), that’s a real bad sign. It means they are losing control of the system, and I think that is coming. The initial effect on the system for people living in the United States, as the dollar crashes, you will see inflation beginning to surge, particularly from oil and gasoline prices. Those effects will begin to spread in the system. It will change the way people look at things and will start the process that will eventually be a hyperinflation. The Fed does not have a way out of this circumstance. They have backed themselves into a corner. They have been keeping things reasonably stable, but they can’t get things going in the economy. . . . The economy is in terrible shape.”
Williams also says, “The dollar will blow up, and when I say blow up, it will collapse. There will be panic selling of the dollar, and that will intensify the inflation. The problem is they don’t have a way of avoiding it. If they could somehow get the economy back on track, they would have some room to work, I think, but the economy has never recovered.
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By: jay_adobe 09 Nov 2007, 05:34 PM EST Msg. 622964 of 778290 (This msg. is a reply to 622936 by DrillBit.) Jump to msg. #
DrillBit, Jay would agree wholeheartedly. Everyone can understand 'subprime' problems. Much harder to understand cash infusion, CDO tranches, derivative problems, M3 disguises and a whole basket of other such activities. Subprime is/was the bouncing ball for a while and might continue for a while longer at the destabilization of the dollar continues. All for a cause, mind you; all for a cause. I'm out of here for the weekend. Have a great and wonderful weekend.
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By: jay_adobe 18 Sep 2007, 02:48 PM EDT Msg. 604157 of 778559 (This msg. is a reply to 604154 by klonopin2mg.) Jump to msg. #
klon, Dollar will go down; inflation will go up; basic prices will go out of reach. Hang on for the ride while the FED tries to fix this problem with fiat currency. Countries will re-align.
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By: jay_adobe 28 Sep 2007, 10:56 AM EDT Msg. 607759 of 778311 (This msg. is a reply to 607752 by diamonddigger.) Jump to msg. #
diamonddigger, You said "...update after update seems to bring out more and more garbage..." I couldn't agree with you more. In fact, I think I'll get off this computer and go enjoy some sunshine for the rest of the day. I might check in occasionally and see how far the dollar drops. Enjoy your weekend and try to find the good in all this. There is plenty for which to be thankful. Who am I? I am Jay Adobe, an internet poster on RB who shares opinions for discussion. That's who I am.
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By: jay_adobe 21 Sep 2007, 09:33 AM EDT Msg. 604972 of 778556 (This msg. is a reply to 604840 by ravenpeach1.) Jump to msg. #
ravenpeach, All part of the realignment of countries, I believe. This one will be to our benefit, and as the dollar slides, some realignments will be to our detriment. Today will be an interesting day internationally.
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Post by Duc N Altum on Apr 27, 2016 11:10:29 GMT -5
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Post by Duc N Altum on Apr 27, 2016 11:34:13 GMT -5
This Is Going To Be The Greatest Transfer Of Wealth When The Economy Crashes. -Gregory Mannarino
Published on Apr 27, 2016
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Post by Duc N Altum on Apr 27, 2016 15:28:08 GMT -5
This 1st video gives a great overview of the history of the Central Banking controlling families since they got control of the U.S financial system in 1791. So watch this 10 minute and 16 second video first then watch the second video put out today. This 1st video gives a great quick overview to have an overview understanding for the second video.
These 2 videos help the understanding of the fight against the central banking family controllers for hundredS of years in the U.S and other parts of the world and this is why I fully believe in the whole world going "asset backed" all at the same time will finally wipe out all of the "PRIVATE" central banker controllers who have this GLOBAL debt based fiat system at such a mess with it's FIAT Federal Reserve debt based dollar controlling the whole globe and why I fully believe is the importance of the derivatives and bonds melting down this fiat debt based garbage financial system, and countries dumping the dollar usage, fully then killing the dollar global dominance, then putting the Private central banking controller CONTROL on it's death bed AND then bringing in "REAL PRICE DISCOVERY" where things are not inflated as they are with the fiat controllers trying to save or continue this junk based financial system. Obviously then an asset based financial system GLOBALLY can have "real pricing held accountable" throughout the whole global financial system, imo.
So enjoy these 2 videos for those that do spend the short time in doing so with seeing what I personally believe is the bigger picture of forcing out the fiat controllers when their financial system acts like a snake eating it's own tail with the derivatives igniting and the bonds and dollar sell off, finishing the job to then have our Congress and President then using their Constitutional Powers of "declaring a new currency or making changes to the existing one." And obviously the U.S would have no other choice of being balanced in a global asset based financial system, if the rest of the world dumped all of this debt based junk and went into an asset based system first. If the U.S wants to co-exist with the rest of the world if they all decided to ONLY BE ASSET BACKED, then the U.S would have to obviously change it's debt based fiat garbage dollar to an asset based currency and most likely the Fed/ central bankers will be cut from the team in this process, imo.
So for those again that spend the short time in going over the basics of understanding with these fiat controllers, enjoy the understanding of how their unfixed fiat financial system since the 2008 financial crisis has snowballed into what the whole world is now seeing in most nations coming apart with their garbage fiat financial system. "GOT AN ASSET BASED GLOBAL SYSTEM TO SAVE THE WORLD?" We will have to see. All in my personal opinion and belief. - Duc.
1st video--->
2nd video--->
Andrew Jackson: “I Killed the Bank” | Obama Meets With Yellen
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Post by Duc N Altum on Apr 28, 2016 11:50:17 GMT -5
This guy hits a couple points that we have been focusing on with the financial system and many of the different avenues going on and I like the points he makes on many of the points but most of all how he talks about the bonds and the dollar related points could get weaker globally and the cause and effects in a basic quick understanding. -Duc
Why Gold May Rise Dramatically Amid U.S.-Saudi Tensions
Published on Apr 27, 2016
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Post by Duc N Altum on Apr 28, 2016 11:51:52 GMT -5
When Does The U.S. Stock Bubble Burst: The Best Hedge Fund Of 2016 Has A Surprising Answer03/24/2016 The name of Russell Clark and his Horseman Global hedge fund are well-known to regular readers:... but for being consistently profitable and successful during this period, a time when most of his "pedigree" peers have been underperforming the market and losing money hand over fist.In fact, based on its size, one can probably argue that Horseman Global is the most successful hedge fund of 2016, if not of the entire decade. Here is his full letter: “One of the curious things over the last few years, is that despite the last two bubbles in markets being mainly US centered (dot com bubble and US housing) it has been the Japan based Nikkei that has peaked 3 to 6 months before the S&P 500The Nikkei peaked in March of 2000, while the S&P 500 rolled lower in August of that year. The Nikkei peaked in June of 2007, while the S&P 500 peaked in October of that year.” The question is why should this be the case? Most investors would argue that the US economy is larger than Japan, and its stock markets are larger and more liquid. Theoretically, the US market should lead the Japanese markets.
The reality is that the US does not fund itself. The US has been running a fairly consistent current account deficit since the 1980s. To fund this current account deficit the US has become the world’s biggest debtor. The US net international investment position was extremely positive for most of the post war period, but over the last decade has deteriorated dramatically. The biggest supplier for credit to the US, particular relative to GDP has been Japan which has seen its net international investment position swell tremendously over the last decade. My view is that the Japanese are the world’s biggest net savers and investors, and it is the movement of Japanese investments that cause the biggest moves in currencies and equities. If we convert the S&P into yen, we can see that Nikkei and S&P 500 tend to fall at the same time. That is the Nikkei and the S&P move together. This seems to point to yen weakness being a good indicator of equity strength, as Japanese investors sell yen and seek higher returns elsewhere. Conversely yen strength is a sign that Japanese investors are repatriating assets and global markets are likely to be weak, at least in yen terms. If this is true, the most troubling aspect of such a theory is that Bank of International Settlement (“BIS”) put the case that yen is trading still close to all-time lows on a real trade weighted basis. This line of thinking provides a very simple model for the performance of the Nikkei and S&P based on the value of the yen. If we assume that yen can rally to 100, we see that the Nikkei traded around 14000 the last time yen traded at 100. This model would assume the S&P would then trade somewhere between 1400 and 1600. I am very interested to see if this theory continues to work. So are we.
And there you have it: if you want to know if the US stock bubble is about to burst, just keep an eye on the hilarious if ricketty debacle that Japan's "stock market/Nikkei" have become, where only the daily interventions of the BOJ keep the whole house of cards from crashing down and wiping out Japan's economy from the face of the earth. Because if the Nikkei is unable to "keep it up" despite a historic amount of debt monetizations, ETF and REIT purchases, and negative rates by the BOJ, the S&P 500 will follow shortly. www.zerohedge.com/news/2016-03-24/when-does-us-stock-bubble-burst-best-hedge-fund-2016-has-surprising-answer Japanese Bloodbath After BoJ Disappoints - Nikkei Drops 1000 Points, USDJPY Crashes04/27/2016 If there was a sign that nothing else matters but central bank largess, this was it. The moment The Bank of Japan statement hit and proclaims "unchanged" a vacuum hit USDJPY and Japanese stocks. Reflecting that Japan's economy has "continued a moderate recovery trend" which is utter crap given the quintuple-dip recession, Kuroda and his cronies said they will "add easing if necessary" and apparently that is not now. Not so much as a higher ETF purchase or moar NIRP.. and the aftermath is carnage - NKY -1000 points and USDJPY crashed to a 108 handle!!
www.zerohedge.com/news/2016-04-27/japanese-bloodbath-after-boj-disappoints-nikkei-drops-1000-points-usdjpy-crashes
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Post by Duc N Altum on Apr 28, 2016 11:53:15 GMT -5
As the United States powers have forced our military at times to maintain dollar dominance for the United States and central banking interests and those countries who have gone against this interest of the United States and the central banking controllers, the past has shown these countries have been dealt with.
So the focus here, is Russia and the BRICS alliances of how they seem to be "advertising" what military powers they have and if the other side of their fence/ those who would not want to see them succeed in going to an asset based system and getting out of the U.S and central banking control, might NOT want to mess with such countries who have shown in the past to bully these countries from going against this debt based controlling system.
So just focusing here on a couple past posts and a recent one from today.... and keeping track of "ALL THE ADVERTISING" that Russia is showing they have and it would seem smart for the U.S to realize that they can't bully Russia and the BRICS nations who have been showing their interests of getting out of this current controlled debt based financial system, imo. - Duc
RUSSIA HAS A NEW GROUND-BASED ANTI-SATELLITE WEAPON February 29, 2016Russian Weapon Can Shut Off Enemy Satellitesthedailycoin.org/?p=64752 I love during this window of time where the U.S has issues with Russia, China and Iran and others alike.... and how normally as past history has shown, the U.S has wound up bullying a country with the elites in control have ordered the U.S military to go against countries that have gone against the United States' interests.... I just like in the past 4 months or so... Russia keeps showing or advertising "HEY LOOK AT OUR NEW MILITARY equipment AND DOES ANY COUNTRY REALLY WANT TO MESS WITH us with this new military equipment that an enemy does not know how to counter?" You sure you want to mess with Russia United States with they showing their new weapon that you do not know how to counter in this window of time where you have an issue with these countries wanting or showing their interests of wanting to get out of this fiat enslavement control that the U.S dollar and the central banking interests have had on the whole world, imo. -Duc RUSSIA BEGINS TESTS OF ADVANCED NEW ELECTRONIC WARFARE SYSTEM April 28, 2016thedailycoin.org/russia-begins-tests-of-advanced-new-electronic-warfare-system/2016/04/28/____________ And more examples ---->AND--->
Post#4 And if the United States thinks they can mess with Russia, Russia has a new weapon that the United States can not create defense to, so with Russia having this advantage, does anyone think that the United States is this stupid to mess with Russia with it's FIAT DOLLAR BULLYING AND ANY OF IT'S ALLIANCES? I sure hope they are not this stupid, and I will give them at least enough credit, that the U.S is not this Brain dead stupid. - Duc ----> Washington, Kiss Your Silly Missile Defense Goodbye March 22, 2016 by F. William Engdahl, Journal-NEOAmericans rarely excell at the game of chess in the manner that many Russians do. The last great world-class chess master from the United States was Bobby Fischer whose zenith was reached in 1971. Mostly, over the past several decades, Washington has relied on an arrogant brute force–might makes right–to push its globalist agenda for what Michael Ledeen, a neo-conservative, once called Universal Fascism. It means total, absolute control of people, nations, trade flows, of life itself by a global corporativist cartel. The ultimate US brute force game against her long-standing nemesis, Russia, is creation of a “missile shield” aimed at Russia. In 2007, George W. Bush announced Washington was going to deploy what it called Ballistic Missile Defense. It was more or less the beginning of deep and now fundamental distrust by Russia and by Vladimir Putin of Washington’s honesty and her intentions. Now Moscow, in what appears a brilliant chess move, unveils a surprise response. A brief look at the situation at the beginning of the 1990’s as the Soviet Union was deconstructed, is useful to understand the dynamics of Russian foreign and military policy today.
US Secretary of State James Baker III met with the last Soviet leader, Mikhail Gorbachev, and gave him a pledge that, in return for the Soviets allowing the two Germanys to reunite, Washington would never extend NATO eastward.
In response to that solemn US pledge, the formerly formidable Soviet Union, now a vastly reduced Russian Federation, promised Washington and NATO that it would systematically dismantle its nuclear arsenal. Toward that end, the Russian Duma ratified a Start II Treaty for reduction of actively deployed nuclear weapons. They made the ratification contingent on both the US and Russia’s adhering to the 1972 Anti-Ballistic Missile Treaty which prohibited deployment of an active missile defense shield by either side. ‘Using The Right Hand To Reach The Left Ear’ On December 13, 2001 US President George W. Bush announced to the consternation of Moscow that Washington was going to withdraw from the 1972 Anti-Ballistic Missile Treaty. It was quietly going ahead with a pet project of Defense Secretary Don Rumsfeld, construction of a US Ballistic Missile Defense system. Typically, most Americans were kept in the dark about what a danger was being created by Washington with that unilateral abrogation of the treaty.
In July 1998, a time when nuclear ballistic missile threats to the United States were remote or even non-existent, Rumsfeld had delivered a report of the Commission to Assess the Ballistic Missile Threat to the United States to President Bill Clinton. The Rumsfeld Commission Report outlined what it viewed as the strategic danger to the United States:
Concerted efforts by a number of overtly or potentially hostile nations to acquire ballistic missiles…pose a growing threat to the United States…These newer, developing threats in North Korea, Iran and Iraq are in addition to those still posed by the existing ballistic missile arsenals of Russia and China… (emphasis added-w.e.)
In 2004 Don Rumsfeld also implemented CONPLAN 8022 that again put US Air Force long-range B-52 and other bombers on ‘Alert’ status as at the height of the Cold War. The Commander of the 8th Air Force stated that his nuclear bombers were “essentially on alert to plan and execute Global Strikes,” on behalf of the US Strategic Command or STRATCOM, based in Omaha, Nebraska.
CONPLAN 8022 included not only long-range nuclear and conventional weapons launched from the US, but also nuclear and other bombs deployed in Europe, including at Buchel Airbase in Rheinland Pfalz, Germany, in Japan and other sites. CONPLAN8022 gave the US what the Pentagon termed “Global Strike” — the ability to hit any point on the earth or sky with devastating force, nuclear as well as conventional.
CONPLAN8022 went virtually unreported in US media. Moscow certainly took note, however.
Then in early 2007 the third step–development of a US Ballistic Missile Defense system across EU countries–was unveiled. That made it clear to Russia’s military and political leadership that Washington was developing a long-term strategy to militarily encircle and potentially obliterate the Russian Federation in a developing game of thermonuclear chicken. Now alarm bells of potential nuclear showdown a la Kubrick’s legendary film, Dr. Strangelove, were sounding in the Kremlin.
On January 29, 2007 US Army Brigadier General Patrick J. O`Reilly, Deputy Director of the Pentagon`s Missile Defense Agency, announced US plans to deploy an anti-ballistic missile defense system in Europe by 2011. The Pentagon claimed that the deployment was aimed at protecting American and NATO installations against threats from enemies in the Middle East, notably Iran, and not from Russia.
In February, 2007 at the annual International Conference on Security in Munich, Russia’s President Putin delivered a speech that laid bare the true motives of Washington on its new missile defense in Europe. Destroying the arguments and Washington’s lying claims that it was aimed at “rogue states” or problem countries, Iran and North Korea, Putin declared:
Missile weapons with a range of about five to eight thousand kilometers that really pose a threat to Europe do not exist in any of the so-called problem countries. And in the near future…this… is not even foreseeable. And any hypothetical launch of, for example, a North Korean rocket to American territory through Western Europe obviously contradicts the laws of ballistics. As we say in Russia, it would be like using the right hand to reach the left ear. v
Despite Washington’s insistence that its new planned Missile Defense was only defensive and aimed at “rogue states” like Iran or North Korea, in actual military fact it was not defensive at all, but a major offensive gain for Washington in any future military showdown with Moscow. The February 2014 US military coup d’etat in Kiev and subsequent hostile Washington acts against Russia have brought such a military showdown much closer than many realize.
In 2007 Washington began stationing US controlled nuclear-capable missiles in NATO-member Poland, and anti-missile phased array advanced radar detecting systems in NATO member Czech Republic. It was aimed at the one nuclear power on Earth with the sophisticated nuclear ability to launch an effective counter-strike–the Russian Federation. China’s nuclear arsenal at that point did not pose a comparable threat.BMD: Offensive not DefensiveIn a January 2006 London Financial Times interview, then-US NATO Ambassador, Victoria Nuland, the same Nuland who ran the US coup in Kiev in 2014, stated regarding the new Pentagon doctrine of “Global Strike,” that Interviewed by London’s Financial Times, the US Ambassador to NATO, former Cheney advisor, Victoria Nuland, declared that the US wanted a “globally deployable military force” that would operate everywhere – from Africa to the Middle East and beyond—“all across our planet.” vi
Global Strike combined with Ballistic Missile Defense (BMD) from the US side was creating an alarming imbalance in the strategic relation between Russia and the USA.
Far from being “defensive,” BMD is offensive in the extreme.
Washington was serious. “Missile defense” projects emerged in the 1980’s when Ronald Reagan proposed developing systems of satellites in space, as well as radar bases listening stations, and interceptor missiles around the globe, all designed to monitor and shoot down Soviet nuclear missiles before they hit their intended targets.
It was dubbed ‘Star Wars’ by its critics, but the Pentagon officially had spent more than $130 billion on developing the system by 2002. George W. Bush, beginning in 2002, increased that amount significantly. Between 2002 and 2014 the Government watchdog General Accounting Organization estimated the US Government had spent another $98 billion developing a ballistic missile defense system. That’s excluding the untold billions which were being diverted to missile defense under secret Pentagon ‘black box’ budgets.
Important to know is that the US missile defense is not at all defensive. It is offensive in the extreme.
If the United States were able to shield itself effectively from a potential Russian retaliation from a US nuclear First Strike, the logic of nuclear war, then the US would be able to dictate its terms to the entire world, not just to Russia. That would be Nuclear Primacy. That was the real meaning of Putin’s unusual Munich 2007 speech. He wasn’t paranoid. He was being starkly realistic.
Lt. Colonel Robert Bowman, who had been Director of the US Air Force Missile Defense Program during the Reagan era, in a telephone interview with this author shortly before his death, called missile defense, “the missing link to a First Strike.” The Pentagon calls it Nuclear Primacy. Whatever the name it is bad for the world and the future of civilization.Russia’s chess surpriseNow Russia has revealed a surprise, a brilliant form of checkmate as in chess. They announced an answer to Washington’s expanding Ballistic Missile “Defense” sites that today exist not only in Poland and the Czech Republic but also in Romania and Turkey.
Russia’s government has just announced that it has developed a new “bleeding edge” missile technology that would make the hundreds of billions in dollars that the USA has spent on encircling Russia (and China) with BMD installations utterly worthless. It’s a new ultra-advanced ICBM called RS-26.
Russia’s advanced RS-26 intercontinental ballistic missile has a range of 11,000 km. For illustration, Washington DC is 7843 kilometers from Moscow. The new RS-26 also is capable of a continuously changing trajectory, meaning that it can penetrate even the most advanced missile defense shields. According to a report in the Chinese media after their military leaders were shown a demonstration, even though it weighs just 80 tons, compared to the 120-ton RS-24 Yars predecessor, the Rubezh loads a frightening 1,2 megatons into its four 300 kiloton warheads. Moreover, its booster stage is under five minutes, which means that NATO radars in Europe will have no time to register the launch.
Adding to NATO BMD problems, during the descending section of its trajectory, at only a few hundred kilometers to the target, the missile’s warheads suddenly take a dive, lose altitude, and continue the approach as a cruise missile.
Now in this light a recent statement by Mikhail Ulyanov, director of the Russian Foreign Ministry’s Department for Non-Proliferation and Arms Control, regarding the announced US deployment of upgraded US B61-12 nuclear bombs in Europe takes on an interesting new light. Ulyanov, without elaborating, told a recent press conference in Moscow, “the Russian reaction to the deployment of new US bombs will be adequate, and its parameters will be determined by a thorough analysis of all circumstances…”
If the recent Russian military intervention in Syria demonstrated one thing to the world, it is that the Russian military capability today bears little or no resemblance to that of the 1980’s when TOW-missile-toting barbarians called Mujahideen, backed by the CIA and US Special Forces and billions of US dollars, managed to drive the Red Army from Afghanistan. It’s now time to end these silly wargames that have Washington so obsessed. It would be far healthier for us to turn our swords–and nuclear bombers–into plowshares.
F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook”. thedailycoin.org/?p=67625 So you want to mess with Russia, United States? And the BRICS alliances along with the SCO alliance nations who show favor to gold and alike? Good luck, lol. Impossible and I fully believe they know they will not be stupid enough to actually do a real war against these nations who will force their way in a majority to an asset based financial system, imo. - Duc
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Post by Duc N Altum on Apr 28, 2016 11:55:36 GMT -5
April 2016: Are Central Banks Manipulating Commodity Prices Higher?
Published on Apr 27, 2016
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Post by Duc N Altum on Apr 28, 2016 11:56:36 GMT -5
Dr Paul Craig Roberts SERIOUS ECONOMIC DETERIORATION
Published on Apr 19, 2016
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Post by Duc N Altum on Apr 28, 2016 11:57:55 GMT -5
The Central Bank Continues The Recovery Illusion While The Economy Implodes
Published on Apr 27, 2016
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Post by Duc N Altum on Apr 28, 2016 11:59:24 GMT -5
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Post by Duc N Altum on Apr 29, 2016 12:37:55 GMT -5
Jim Willie Bombshell: GLOBAL Lehman Moment Comes NEXT!Posted on April 28, 2016 by The Doc 32 Comments 23,636 views www.silverdoctors.com/gold/gold-news/jim-willie-long-awaited-gold-breakout/By Jim Willie, GoldenJackass:
The desperation is obvious, palpable, incredible, fascinating, and unmistakable. History is being made, as the last ditch is overrun.
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 $300 per ounce.
Silver will be part of the new asset backed global currency system.
NEXT COMES A GLOBAL LEHMAN MOMENT WITH BANK FAILURES AND A THREAT TO THE ENTIRE WESTERN BANKING SYSTEM…
By Jim Willie, GoldenJackass:
For the last year or more, not an elephant, not a gorilla, but a dragon has been found at the dinner table. Its breath has just made everybody at the table totally bald with some scorched red faces. Now all are looking at each other, wondering who will first mention the bald guys at the table. The Shanghai levers are finally functioning, starting with the Gold Fix and continuing with the RMB-based gold futures contract (which delivers gold metal oddly). The game is finally on, as in the climax chapter to the End Game.
Paper gold is totally disconnected from fundamentals. The paper charade is as impressive as it is corrupt. Its enemy is physical gold and related demand. Silk Road nations have strong gold demand, which will disrupt the entire geopolitical balance of power, extending from trade and non-USDollar platforms. The West has the corner on toilet paper used in the gold market. The United States has the corner on the USDollar, used in fraud and illicit tolls.
PAPER GOLD FRAUD
Paper Gold is a term used to describe the actively traded futures contracts which determine the gold price. Owning such paper instruments is not the same as owning physical gold bullion, since corruption defrauds the investor and interrupts the claim. Most investors remain largely unaware of how disconnected the paper markets (COMEX in United States & LBMA in England) are from reality. The entire concept of contractual (paper) price discovery has been corrupted beyond all recognition. The activity in the last couple years has raised great alarm due to the rapid pace of divergence between paper gold prices and the tangible world fundamentals within the gold arenal.
The claims of paper contracts per ounce versus actual gold has run to almost 300-to-1 in recent months. It was considered outrageous two years ago when at only 25-to-1 or 40-to-1 in ratio. Imagine the lunacy of even five to six people claiming ownership to your car or house, or better yet your summer cottage by the lake. The dominance of paper gold pricing mechanisms has resulted in profound shortages in supply, as well as horrendous conditions for mining firms. They have been forced to shut down marginal mines, since not profitable. Only a rare few among mining firms like Majestic Silver has undertaken to deny supply to the COMEX, and to call a partial strike against the criminal COMEX organization. Absolutely no equilibrium exists in the gold market, as demand outstrips supply, which quickly vanishes. The shortages have made history in recent months and years.
Paper Gold on COMEX and LBMA is a crime scene. It is toilet paper with gilded surfaces, better described as elaborate corrupt contracts with a few gilded letters at the top. Trading gold futures, which are essentially delivery contracts, must entail some degree of abstract financialization. If someone is merely trading a gold contract in order to arbitrage, then it would be costly, time consuming, and ultimately pointless to shift physical gold around. It is only the paper gold contracts that trade hands, not the physical metal on ramps. The banker cartel relies upon this hardship of movement to create the corrupt scheme. People do not wish to carry 80 silver coins in their pockets or a kilogram of gold in a suitcase, so instead they use certificates which become instantly corrupted. The necessary evil has grown far beyond its intended proportions, a practice refined and led mainly by the big banks.
Currently, the number of contracts on the COMEX represents 300 times as much paper gold as there is physical metal in the COMEX vaults. Moreover, this number has ballooned at a faster pace over the past two years or so. The 300:1 ratio of contracts to physical ounces is propped by powerful restrictions. The COMEX forbids delivery of gold on the ramps to satisfy a gold contract, under threat of banning the party from participation and entry in the door. Almost nobody takes actual delivery of their metal, except for the big Wall Street banks which steal gold from other depositors.
These banks also routinely rig the windows to enable removal of investor gold in the GLD Exchange Traded Fund, and silver from the similar SLV fund. Imagine a gold futures contract with no delivery possible. How absurd! But it has been the reality since June 2012.
The situation is perhaps even more frightening in the London Bullion Market Assn (LBMA). This market sees $trillions worth of gold trades every day. The activity is truly baffling. On individual trading days, more gold changes hands within contract trading (paper shuffling) across the London market than all the available gold in the world. Yet no metal moves anywhere, in a grand charade. These are merely paper transactions, with almost no actual metal ever in movement. The staggering leverage and dilution should not make any sense to the rational observer. However, in sharp contrast, the Eastern nations are accumulating gold in large volume.
GOLD & SILVER PRICE REVERSALS
The gold reaction to the Shanghai market development has been muted. But a powerful reversal is in progress, which should be impossible to halt or to obstruct. An unsual pattern shows itself in an upward bias Cup & Handle toward a reversal, where the $1300 level is well defended.
The signals are many on the positive side. The reversal pattern is powerful and unmistakable. The upward tilt is unusual and potent, as a very bullish signal indeed. An explosive violent rise could occur soon. It might not be noticed well by some analysts. The moving average crossover for the 20-week MA above the 50-week MA is a very reliable signal, confirmed by the stochastics cyclical index.
Gold is stodgy but it will prevail and complete the upside breakout. The banker cabal will throw a lot of paper at it, but the paper will be burned and converted to metal by force. These are exciting times. The world is on the verge of witnessing the fall of the banker cabal and the removal of the King Dollar as global reserve currency. The battle is as fierce as the dollar is toxic. See the gold weekly chart where the breakout seems imminent.
The daily gold chart shows a rather tepid response to the April 19th event, where Shanghai launched the Gold Fix and began the gold-delivered futures contract priced in RMB terms. The battle is on to defend the $1280-1300 level. Pressure builds to break out above that level. It will happen soon, but impossible to tell when. It depends on how much more worthless contract paper the banker cabal chooses to stuff in the COMEX toilets, how much more corruption they wish to be exposed for, how much more desperation they will display on a very well observed global stage.
The Chinese to be sure are very angry at continued paper stuffing of the golden ballot boxes where votes are placed on the price discovery process! Notice the absent gold rally in the last several days of trading, with no breakout evident in the daily chart.
Silver leads the precious metals breakout in impressive fashion. The Cup & Handle pattern indicates an 18 target to be reached very quickly. Both following charts exhibit a constructed launching pad for an assault on the $20 level. Suspicion has arisen that China is acquiring silver in an industrial stockpile, possibly for monetary purposes also. A bigger controversy has emerged, whereby JPMorgan might be the hired agent by China to secure vast amounts of silver bullion.
The USGovt appears to have reneged on yet another lease contract with the Middle Kingdom. The US has confirmed once more itself to be the exceptionally corrupt nation. See the weekly chart for silver, where the breakout is as clear as one’s reflection off a shiny silver surface. It is consolidating at the $17 price level.
A different pattern is shown on the daily silver chart, one that rhymes with the breakout in the weekly silver chart. Notice the surge in volume to exit the range established since February. The target for the daily chart breakout is also indicated around the $18 level. This chart and the chart above resemble a launching pad of a different look where a tilted range no longer held the price movement.
Beware the silver surge in impressive moves upward. The silver price has surged over 10% in the last two or three weeks to over $17 per ounce, where consolidation occurs. The Silver Surfer is on the move, making his presence known. The Sprott Silver fund will add $75 million to silver drainage. Gold fights the geopolitical banker battles, but silver rides through the gate on a swift white horse. Silver has surged in recent weeks. Its impressive move of nearly 80 cents on April 19th was duly noted, an echo from the Shanghai gongs. Silver easily surpassed technical resistance at $16.20/oz. The next big test is resistance at $18 per ounce. The brief peaks in early 2015 will not stop the Silver march upward. No significant activity was seen at either minor peak event, a requirement for resistance to be exerted. The Silver Surfer is ready to capture the earth’s attention again.
I believe that "THE GLOBAL LEHMAN EVENT WILL BE DEUTSCHE BANK." And considering Deutsche Bank is said to be the mother ship of derivatives. And keeping in mind the definition of " A TOO BIG TO FAIL BANK " is a bank that is obviously too big that can take out the whole global economy. And Lehman in 2008 was a "Too Big to fail bank" and it was only the 6th largest bank in the United States and look at what that did to THE WHOLE GLOBAL ECONOMY IN 2008. This time around with Deutsche Bank being the size they are and with their derivative holdings, keep in mind that Deutsche Bank is one of 7 TOO BIG TO FAIL BANKS in Europe alone. So if Deutsche Bank goes down from Moody's down grading them when they decide to do so... we can see the comparison of when S&P downgraded Lehman in 2008, and the effects of that.... but again in this time frame, Deutsche Bank if they go down, they are most likely going to cause the other 6 "Too Big to fail banks" throughout Europe to go down too. And then also all of the "Too Big to fail banks in the U.S will most likely all get hit as well, just as hard.
Those darn derivatives will probably hurt these "too big to fail banks" and if Deutsche Bank will be the sacrificial lamb excuse of blame for this final meltdown then every bank can put the blame on Deutsche Bank, and the whole world can do so and look like everyone was fine but it was that darn Deutsche Bank's fault. There is a ton more I can say in my opinion on this but I will leave it as such. I continue to wait for the timing of when Moody's downgrades Deutsche Bank to start the finality of what I personal believe in my opinion with all the counter effects, to then lead to the only solution of the whole world having no choice but bringing in "the asset backed financial system" where all countries can have their currencies backed by real assets and the whole globe can keep things in a real balance with an "asset based financial system" holding everything in proper balance with no private central banking controllers no longer being fed their oxygen supply of "Fractional Reserve Banking" when that can not co-exist if the whole world will not allow their currencies to be naked shorted with central banks creating money out of thin air as they have done to maintain their naked shorted system of a debt based system, imo and hope. - Duc ---->
It's Not Over Yet - Moody's Put Deutsche Bank On Review For Downgrades 03/21/2016 In a worryingly coincidentally timed move, Moody's has put Deutsche Bank on review for downgrade, citing "execution challenges" in its new strategic plan. The worrying aspect comes from the fact the timing is entirely fitting with the ratings downgrade that started the last and most painful down-leg in Lehman's collapse... www.zerohedge.com/news/2016-03-21/its-not-over-yet-moodys-put-deutsche-bank-review-downgrades From: Jay Adobe Date: Saturday, July 4, 2009 7:06 > Scott, My thoughts are no longer needed. Just re-read my old posts. If nothing else, they are spoken too soon. We are where > we are, and soon enough we will have finally arrived. The > astonishment is yet to come, but this is a good start. It'll end > with derivatives' finality. Enjoy your day. Hang in there as the > script unfolds all around us and countries continue the re- > alignment. 'Tis a wonderful day to be a shareholder. IMO.
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Post by gabbyhayes on Apr 29, 2016 14:40:27 GMT -5
Man...this is some scary shat.................
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Post by Duc N Altum on Apr 29, 2016 15:30:35 GMT -5
MUST WATCH. On The Edge Of An Economic Meltdown: Gold & Silver Rip Higher. By Gregory Mannarino
Published on Apr 29, 2016
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Post by portrush on Apr 29, 2016 16:24:34 GMT -5
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