Jim Willie: Banker Liars, New Currency, Fatal Errors, Psycho War

By: Jim Willie CB, Ph.D. ,  GoldenJackass.com /  GoldSeek.com

 

 

A global clash of nations is underway in full gear. The storm is picking up speed, power, intensity, and damaging force. Many are the swirls of the current situation. A hodgepodge of topics have been caught and trapped, best to discharge on paper, the effect like a wondrous enema. The banker lies grow thicker, as they are unable to so easily deceive anymore. The potential currency fix appears more imminent, as the solution seen as an assault on American interests (military angle). Any nation getting off the US Wagon Train is a rogue nation, the theme having become tired and ineffective. The fatal errors committed by the US economists and banker elite have finally resulted in clear signs of systemic failure. The psychological warfare is like a gigantic fog, as people’s defenses are being challenged, even those based in fantasy and convenience. The world is undergoing change, the nightmare continues, while the Paradigm Shift moves into the fast lane by expedience. Entire swaths of wealth are being waterlogged, tainted, and ruined. The USDollar has been stuck in the corner for three years, finally pushed into the corner crack, sure to fall below the matt, where below lies a spittoon. The Hat Trick Letter informs and warns the public, converts the disheartened and confused among us, edifies clients, and provides forecasts like signposts to guide in the increasing fascist darkness. At the same time, it seems to drive families crazy, since when attempting to admonish and caution, the efforts are often seen as uncomfortable overturning of the temple tables (business and mental). So be it. Forewarned is forearmed, but many prefer their delusions and homes built upon false assumptions. The Jackass prefers reality accountable to the flow of events and verified facts, where actions can be taken in defense of livelihood and even life savings. The clash of worlds must be reported and properly understood.

 

CENTRAL BANKER LIARS

 

Newly appointed USFed Chair Janet Yellen has wasted no time in her stream of lies. The crime syndicate headquarters talks of  tapering the bond monetization volume. As preface, be sure to know that unsterilized bond purchases, introduction of newly printed money without drainage in similar volume steps, has been considered the ultimate heretical practice for decades by the Economist Schools. It is called the greatest monetary sin, but now is blessed as a solution, perhaps no longer temporary. The Yellen Fed talks repeatedly about poor economic conditions, about weak bank structures, about punky labor markets, but also about improving something or other, while it speaks lies in great strokes. The financial circles applaud, while the business community languishes. They talk of reductions in the QE volumes, but they use back doors and proxies, hardly out of view. Yellen moved to the U6 jobless rate index, shoving the deceptive Clinton U3 jobless rate in the toilet. The USFed now has employed the Belgian bank as the new Caribbean offshore site. Its USTreasury Bond holdings are moving toward the $200 billion level. Recall this little turd on the economic table has no surplus and barely has an economy at all outside the finance sector. It operates as a parliament center and commission home office for pedafiles. The other deceptive tools used by the Yellen Fed are the same as those used by the Bernanke Fed, the powerful interest rate swap derivative. It produces leveraged phony demand without buyers, thus creates bond rallies out of thin air. Several banker murders were done to conceal the London Whale losses, estimated over $100 billion in the derivatives market. The story remains suppressed.

 

The Weimar machinery is working overtime and 24/7 to cover the USTBonds that no nation wants, except for Belgium and Japan, which was almost overlooked. The Asian lackey continues to buy USTBonds out of duty, under Yakuza threat (from Langley masters), in order to prevent an unwanted rise in the Japanese Yen exchange rate. They have lost their trade surplus during the industrial rise of China. Maintaining the Yen currency suppression via USTBond purchase will have to go the monetization route, a destructive path that worries many competent responsible financial firms in Tokyo. So the Yellen Fed is a liar institution, just like the Bernanke Fed. Do not expect Benjamin to be knighted, since he was just a store clerk to inaugurate QE bond purchases, a mere caretaker like President Gerald Ford. Poor Benjamin is busy collecting $200k speaker fees, where his message actually contradicts the policy he directed at the USFed itself for six years.

 

NEW GOLD-BACKED CURRENCIES

 

The time is finally right. The urgency is acute. The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in particular the robot sock puppets of the Untied States, see the end of the USDollar. They appear to wish to lay blame on Russia for the death of the dollar. The global rejection is well along, which began with the introduction of QE, then QE2, then Operation Twist. But the global rejection took flight after Taper Talk failed in its trial balloon, and achieved supersonic speed with the recognition of QE to Infinity was implicitly endorsed. The global rejection saw the prototype built in the hangar with the Iran sanction workarounds, where India bought Iran’s oil & gas, but paid with Turkish gold, delivered to Tehran banks. The global rejection will achieve escape velocity with the acceptance of Russian Rubles for its energy products. The global rejection will achieve additional escape velocity with the acceptance of Chinese Yuan payments for Saudi crude oil (then all OPEC oil).

 

Coming is the launch of both the gold-backed Russian Ruble and the gold-backed Chinese Yuan. The global rejection will be final, and the funeral will be announced. They will enter the financial airspace first, followed by others. When the USMilitary defense of the USDollar is recognized as blatant, dishonorable, toothless, and ineffective, the other gold-backed currencies will follow. The isolated paper tiger was revealed in Syria. The toothless rampaging tiger will be revealed in Ukraine. The Kiev Govt is almost ready to collapse already. The Jackass originally expected the collapse to occur in six to nine months, but it looks more like three to four months.

 

The Russians and Chinese might put the first daggers in the USDollar heart, but numerous death blows will come from other parties. The water will be judged safe to enter. Expect the Saudis and fellow Arabs to launch a gold-backed Dinar currency. Expect the Germans and fellow Europeans (not from the Catholic South where socialism, absent industry, and slack work ethics prevail) to launch a gold-backed Nordic Euro. Expect the Latin Americans to rally behind Panama, the new Switzerland of the Americas. Several nations are reported onboard the launch of the gold-backed Panama Balboa. It will be supported by gold and copper, possibly crude oil. It will be the resource currency of the bunch. Watch closely Norway, which might launch a gold-backed Norwegian Krone, supported indirectly by crude oil. They can easily convert oil to gold, since crude is black gold. Watch certain groups of resource-rich African nations. They are extremely large in land mass and they are loaded with resources (energy) and minerals (metals). They could launch a few gold-backed currencies and declare independence from Western colonialists.

 

The USDollar might split soon, from external pressures and internal pressures. Foreign nations will no longer permit the QE bond monetization and currency debasement. The old version could remain but as the International Dollar, which will retain value. The new version might split in launch as the Scheiss Dollar, which will be deeply devaluated in steps. The Scheiss Dollar is the US ticket to the Third World, complete with imported price inflation, diverse product supply shortage, and widespread violence like at supermarkets for food, service stations for gasoline & diesel, and ATM machines for cash. The USDollar will not continue in its present form. Its central bank responsibility will split also, with China taking more control of the Intl Dollar, and the USDept Treasury taking control of the Scheiss Dollar launch and ensuing decisions. See their JPMorgan HQ acquisition as hint for critical changes. The Untied States Govt has a horrible task of financing its debt, which strongly resembles Third World type. It cannot without hyper monetary inflation, a temporary stopgap.

 

FATAL ECONOMIC POLICY ERRORS

 

The fatal errors in US banking and economic policy could fill a book. It might be a future Jackass publication. Hats off to Gonzalo Lira for his book “A Secret History of the American Crash” which is a docu-drama work in the year 2020 set in Los Angeles. It provides a real life look on the streets and offices at where the broken Untied States is heading, based upon systemic failure, economic ruin, and society impact. The economic errors have been enormous, steady, and unending. One must wonder if sabotage has been the higher order directive. The US nation used to be admired, well run at the corporate level, expert at the finance ministry, competent at the central bank. But so much went wrong. The Jackass has chronicled much of the erroneous pathways and the fatal national errors that have led to systemic failure, national insolvency, and ultimately debt default. It is a broken nation which has succumbed to a hidden fascist attack with full plunder. The Fascist Business Model is not properly recognized either, despite its integral role. The Jackass has harped on the concept for other eight years on a regular and frequent basis, pointing out the merger of state with big corporations (led by banks), pointing out the permitted financial fraud and banker welfare, even General Motors welfare, pointing out the economic effect, pointing out the war levers used to guarantee supply, and pointing out the systemic failure it has caused. Not 10% of Americans comprehend what fascism is, but 30% of the nation would qualify easily to serve as Nazi Youth Group leaders, possibly without realization of the group functions. Witness the honor guards and flag ceremonies at sporting events, including an occasional fighter jet flyover. This is not healthy, but rather a slippery path to a dark place. The bigger question is whether the US nation will recognize the Third World when it approaches with all its nasty trappings.

 

The fatal errors are many. They cannot be fully detailed. The seminal original sin was breaking off the Gold Standard by Nixon. In my book, the move was probably the second half of the arrangement to have Kennedy removed, followed by a clever deft move to install Kissinger. He created the Petro-Dollar mechanisms, by pushing for a quadruple in the crude oil price, then instituting the Petro Surplus Recycle plan, having the Saudis run OPEC, forcing nations to accumulate USTreasurys in their banking system. The Petro-Dollar defacto standard replaced the formal Gold Standard. The kicker benefit was that Arab nations and Iran were able to fill their coffers, buy fancy yachts, build casinos in the desert, erect oversized palaces to stroke their egos, arrange $million allowances for royal kids, and kick back profits to the USMilitary industrial complex, the monster to be fed. The Petro-Dollar has permitted the USEconomy to live off a credit card, without direct consequence to abused debt. The Petro-Dollar has permitted the USMilitary to seek out and conquer, to effect the hearts & minds, and to plunder. The creditor nations of the world realize their role as the victims who finance the field operations and covert operations. That all changed with the narcotics industry born in the Cambodia Triangle, advanced in the Kosovo depot, and accelerated in the Afghan poppy fields. The USGovt security agencies have had independent income for over three decades. Witness the first Langley coup of a foreign state in Ukraine. The untold story is the conflict between the USMilitary and the Langley Mercenaries. Look later to find the Odessa Ltd split, just like in the 1950 birth for the old Nazi Germany war machine enterprise.

 

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