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Jim Willie: 2014.. The Failures Begin

The year 2013 will go down in history as the year of great transition, tremendous disruption, numerous financial breakdowns, widely adopted hyper monetary inflation, exposure of hidden devices, panorama of popular awakening, and indisputable evidence of a systemic failure.

from Jim Willie of GoldenJackass:

The following titles of significant events, organized by topical theme, are mindboggling and comprehensive so as to attest to the global failures. The breakdown touches almost every part of global life. The American Fascist Business Model has wrecked anything and everything, the fish rotting from the head (leaders) down to the toes (ethics). No effort whatsoever has been made by leading nations and major central banks to construct a bonafide remedy to the widespread insolvency and powerful economic recession. Instead, the priority has clearly been to maintain the power structure and avoid at all costs (literally in the $trillions) any liquidation of the big Western banks. No liquidation has occurred, which would serve as the foremost and initial step toward a solution.



Consequently, the entire global financial system hurtles toward failure, which has been the quintessential Hat Trick Letter forecast since the year 2007, when numerous failure signals flashed red. The QE bond monetization by the USFed, joined by the other major central banks, has been adopted as permanent, just as the Jackass forecasted in 2010. The ZIRP zero bound rate has been adopted as permanent also, just as the Jackass forecasted in 2009. The consensus continues the totally incorrect viewpoint of monetary accommodation being stimulus, when it instead is killing capital and destroying the economy.

Systemic failure and widespread sovereign bond default is no longer avoidable, nor is big bank failures. The breakdown failure will begin to occur in earnest, with acceleration, in year 2014. Its initial cracks and ruptures are already notable and wide. The hyper monetary inflation will persist until the systemic failure becomes clearly recognized. The road will split when the USDollar splits into a Global USDollar (unchanged, current form) and a domestic Republic USDollar (new form, to be heavily devalued). The death of the COMEX & LBMA gold arenas comes next and soon, when they are converted into Cash & Carry marts with no gold delivery since no gold lies in inventory. The arrival of a Force Majeure may or may not happen.

The BRICS nations are using the G-20 Forum to trot out the Gold Trade Settlement, which will feature bilateral trade settled on net basis in gold bullion, will feature Gold Trade Notes acting as letters of credit, and will feature the BRICS Bank conversion into a Gold Trade Central Bank where USTreasury Bonds (and other worthless AAA-rated sovereign bonds) are converted directly into Gold Bullion. The year 2014 will feature a great Global Paradigm Shift. It is already in progress. It will cause tremendous disruption. It will result in recognition of tremendous lost paper wealth. It will bring the East into more clear geopolitical power. It will catapult the Gold Price multiples higher, as in near $3000 per ounce, a level from which it will go higher later. The Global Currency Reset is the moniker for the Returned Gold Standard in pseudonym, as Gold retakes its rightful place as the King Currency. The global financial crisis will come to an end, but not without colossal damage. The solution is the Gold Standard, always was the Gold Standard, and never could be anything but the Gold Standard. The end of the bank cartel’s privilege to print themselves wealth will come to an end. The end of Gold Price suppression will finally occur. The emancipation of physical Gold from its futures contract paper shackles will finally be witnessed on the world stage.



The following topics have been regularly featured stories with analysis and forecasts, included within the Hat Trick Letter reports for over nine years. As the tenth anniversary approaches in May, the world will finally show itself to be the manifestation of what the Jackass has described, and what The Voice has shared in guidance shining a spotlight on the many pathways. A great debt of gratitude is owed to him, and to a couple other key sources, as well as to my team of closely knit colleagues whose offices are scattered around the world. My main hope is that the clients (current and prospective) remain safe but also secure, their wealth tucked in Gold & Silver while they ignore the propaganda. Some giant quantum leaps in the Gold & Silver prices are coming soon to a neighborhood near you. The Wall Street executives are locked and loaded with huge gold accounts, hidden in off-shore accounts and even in Carlyle Group accounts. The public should also, if only they could turn off the noise boxes built by Goebbels and blared by the American Gestapo. May the new year be safe for the gold community and its new recruits. The potential for growing the community with the long gold train and its many railcars has never been better. The breakdown in obscenely controlled markets is matched by a breakdown in trust for both the governments and their paper Ponzi Schemes that pose as financial systems (bonds, stocks, currencies, derivatives).

BANKS IN CHAOS

  • LIBOR Frauds Extend to FOREX & Gold
  • Cypress Focused on Gazprom, not Banks
  • London Bankers Sign up for Chinese Yuan Swap Facility
  • Frankfurt-based EuroCB Signs up with Yuan Swap Facility
  • QE to Infinity Becoming Understood
  • Massive Bank Settlements on Fraud (crime converted to business cost)
  • Alternative Debt Rating Agencies Spring to Life
  • Deutsche Bank the Object of Serious Fraud Investigation
  • Deutsche Bank Collapse Serves as Bank Contagion Trigger
  • Bail-in Procedures Locked & Loaded

USTBONDS PROPPED BY MACHINES

  • London Whale Reveals JPMorgue Reliance upon Interest Rate Swaps
  • Rise of the Machines Seen in Interest Rate Swaps & Algorithm Trading
  • European Banks Swallow Draghi Toxic Bonds Whole
  • Tremendous Hidden QE Volume by USFed
  • Indirect Exchange of USTreasury Bonds in Full Swing (USTBond Dump)
  • China Heralds End of USDollar in Reserves Accumulation
  • China Announces of End to American Sphere led by USDollar
  • Japan Suffers Large Trade Deficits
  • Sovereign Debt Grows with Austerity Poison Pills
  • USGovt Debt Limit Simply Ignored

ENERGY WORLD UPSIDE DOWN

  • Russia Sells Crude Oil to China in Yuan Terms
  • Shanghai Prepares to Sell Crude Oil Futures in Yuan
  • China Moves to #1 Crude Oil Importer
  • Saudis Denounce the USGovt Repeatedly
  • USGovt Loses Egypt & Backs Down in Syria
  • USGovt Courts Iran, but Energy Companies Spurned by Iran
  • Shiite Gas Pipelines from Iran Continue to Connect Europe
  • Petro-Dollar Faces Final Demise & Death
  • Rise of Nat Gas Coop to Eclipse OPEC

GOLD READY TO TAKE THRONE

  • Germany Demands Repatriation of its Gold
  • Dutch ABN AMRO Defaults on Gold Bullion Accounts
  • The Great Run on Gold Bullion Banks
  • Shanghai Gold Premium Reveals Arbitrage
  • Iran Quietly Settles Energy Trade in Gold
  • Turkey Quietly Serves as Gold Trade Intermediary
  • Swiss Refiners Work Overtime to Recast London Gold Bars
  • Rape & Pillage of Exchange Traded Gold Funds
  • Airlift of 1000 tons Continues from London per Month to China
  • London LBMA gold vaults go empty
  • JPMorguen Sells its HQ in Manhattan to China for Half Price
  • JPMorguen Flips & Goes Long Gold
  • Chinese Prefer Gold on Trade Settlement
  • Chinese Yuan Swap Facility as Stepping Stone to Gold-backed Yuan
  • Progress on Gold Trade Settlement, Gold Trade Notes Next
  • Currency Reset Hits the Scene, Gold to Lead the Currency Pack
  • Nations Like Iran & Indonesia Join the BRICS Movement
  • Gold & Silver Mining Firms Begin to Halt Projects
  • China Acquires Numerous Gold Firms in Alternative Supply
  • China on Verge to Reveal over 15,000 Gold Tons in Reserves
  • Russia on Verge to Reveal over 15,000 Gold Tons in Reserves

GLOBAL NASTIES & SUBTERFUGE

  • Radiation on California Coast from Fukushima
  • Vatican Purges Secret Slush Bank Accounts
  • Obama Purges USMilitary Generals
  • France Exploits Chad & CARepublic for Gold, Uranium, Coltan
  • Langley Stirs Island Dispute between China & Japan in Desperation
  • Iran Talks = Petro-Dollar Surrender Talks & SALT Talks
  • Europe Loses Ukraine to Eurasian Trade Zone
  • NSA Eavesdropping Backlash Works to Isolate United States

Much more @ GoldenJackass.com

 


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