Huge Cracks in US Financial Fortress: Jim Willie
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Date: Saturday, 2-Nov-2013 22:37:06
Huge Cracks in US Financial Fortress: Jim Willie
EXCERPT:
SYSTEMIC BREAKDOWN IMMINENT
All the signals point to the same conclusion. The system is breaking down. The towers are falling. The paper mache structures have withered. The derivative machinery has been jammed. The confidence in the paper based system has vaporized. Nobody can foretell when the new system will arrive, but its description can be offered in rough terms. It will be from a Global Currency Reset, with a vast redemption of USTreasurys, a lost USDollar global currency reserve, and discredited sovereign bond backbone for all major currencies. It will feature a Gold Trade Standard, with trade settled on a net basis with gold bullion, supported by gold intermediary bankers. It will rely upon Gold Trade Notes that serve as Letters of Credit. It will see a massive Gold Trade Central Bank, whose embryonic form is noted in the BRICS Bank. Expect the bank to function as a processing plant at a later date, to convert USTBonds into Gold bullion. The same bank will process UKGilts, EuroBonds, and JapGovtBonds into Gold Bullion. The de-centralized system will be trade based, not bank based. Trade rules will dictate banking rules, to displace the Anglo banker hegemony. The New York and London offices, even the Swiss offices, will attempt to continue their sabotage. But they can only win delays. See the tactics exerted upon the G-20 Meetings. The BRICS initiatives and formal progress are led by Russia & China. They cannot be stopped, mainly because they attempt survival by establishing the next chapter's architecture.
The Grand Paradigm Shift is in progress. My sources indicate that the 5000 metric tons of Gold bullion moved from London to points East between April and July 2012. The flow eastward never stopped. The pace has continued. The Gold bullion continues to be shipped in enormous staggering volume. The Gold Community has only a rudimentary comprehension of what is happening in the clandestine shipment of gold. The pillars of the community seem either unaware or unwilling to report anything but the supersized Chinese purchases through the Hong Kong window, the Indian demand, and the Turkish demand. My belief is they lack insider contacts on the phenomenon movement of gold by the White Dragon Family and their Triad escorts. The agreements have already been made on the new Gold Trade Settlement system with its newly imposed Gold Trade Standard. They have agreed on a $7000/oz gold price, with a similarly exalted silver price of at least $250/oz. Decisions have been made final. The implementation is slow but steady. The game is over. The King Dollar is dead. All that remains is the funeral, the war in its wake, and the retaliation from the Satanic fortress and its legion of diabolical subjects.
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