By Jim Willie CB: The
USTreasury Bond is the primary vehicle for the USDollar. Nations do not
hold the USDollar in raw currency form, except for the crime
syndicates. They hold them in USTBond form, in order to gather some
interest income. In the last few years, not few months, but years, the
interest has been next to nothing, and surely far less than what it
should be, given the risk and the nasty undermine to value by the
monetary action by the central bank itself. Paltry interest aside, with
all its unfortunate deterrent toward investment in USGovt debt, the
USFed has been kicking out the value pillars for a very long time, far
longer than the limit imposed loosely by Sir Alan Greenspasm of six to
eight months. With the cost of money near zero, all markets are
distorted, all assets improperly priced, and Gold marked for illicit
ambush on a regular basis by the fascists. Major
broad deep channels are being constructed to redeem and discharge
USTreasury Bonds. They will be returned to sender. The USFed will be put
under tremendous strain to absorb and soak up the supply being dumped
around the world in all these major channels. The USFed balance
sheet will expand, not contract, or else they will face a catastrophe in
a USTBond explosion and Interest Rate Swap derivative nuclear event.
The USFed has no exit available, as all doors are shut, none an option.
In the process, the Gold price will rise relentlessly,
NO EXIT, STUCK IN THE MATRIX
The
Bernanke Fed is realizing they are stuck in the monetary corner with NO
EXIT. They began to mention the need for an exit in the spring months
of 2009. That is when the 0% official rate should have been abandoned.
Here we are four years later, and they are still stuck with no exit,
precisely as the Jackass warned, forecasted, and screamed in print. The
division within the USFed is becoming a regular story. Only the
half-blind governors on the once august Board refuse to admit that
USEconomic growth is a mirage. The brave governors have been more bold
in recent months, taking a stance against the charlatan Bernanke,
explaining the intractable position. The chairman has ably proved that
liquidity cannot solve the current banking and financial problems mired
in insolvency. In doing so, Bernanke has disproved his own PhD Economics
dissertation, and has discredited his own lofty credentials with a
Princeton seal. He is a sham, a Weimar agent, and a destroyer of
capital. The hopelessly devoted paper mache craftsman is stuck in the
Matrix.
A
counter-culture comparison is due. The USFed and the Wall Street
bankers have created an environment of alternative universe. The
financial markets are rigged. The USDollar currency and USTBond are
propped. The bankers are given free license for $trillion fraud. The big
banks are dependent upon narcotics funds. The politicians are syndicate
puppets, include the leader of the land. The last three presidents have
been narcotics addicts, who refuse to hand over medical records to the
Congress as required by law. The debts are covered by hyper monetary
inflation. Jobs are being shed rapidly. The USEconomy is stuck in
quicksand, as it deteriorates, while the blaring music sings about
recovery.
The
fascist United States is the embodiment of the MATRIX, the multi-sequel
hit movie series from the 1990s. Notice the similarity between the cold
controlling deceptive alternative world Matrix architect (left) and
USFed Chairman Bernanke (right). The contrast is scary. No offense to
Helmut Bakaitis, the Austrian actor who played the architect. In the
movie he fought the hero Neo and rogue Oracle and pesky Keymaker. They
symbolize the Gold community working toward freedom from the Matrix
itself, doing battle against a corrupt controlled fiat currency Matrix
centered upon the USDollar, defended by the USTBond software (bank
derivatives) and the banker computer consoles. The rogue programs loose within the Matrix are the Gold investors, messing up their layouts and screens.
The aspect Bernanke and his gang of Wall Street bankers cannot
anticipate or successfully keep at bay is the attack from the East, the
comprehensive entirely new operating system being fashioned by the East
which will replace the programming source code (bank procedures). It is
gold trade settlement, the New Gold Trade Standard which renders
the Matrix with obsolete software. It opens the door to freedom from the
Matrix. The scrambling by the G-7 finance minister clowns in early May
served as concrete proof of their desperation, in response to the G-20
Meeting held in Turkey. They disrupted its implementation, but bought
only a little time.
PRELIMINARY TO REJECTION
In
the last several years, perhaps five or six years, the stage has been
set for great change. A device has been put in place by numerous nations
for trade settlement in barter framework, which has bypassed the
USDollar. The Chinese Yuan Swap Facility has been a sneaky bypass
workaround. The United States has largely dismissed the device, calling
it irrelevant as a challenge to the Supreme Dollar. However, being based
in barter, it is a fair system that involves a small group of banks in
China and a small group of banks in the other nation like Brazil. Since
the swap facility began in 2007, it has blossomed to settle trade on a
net basis between participating nations. Since its inception, the swap
facility has become adopted by a growing list of nations, hardly the
emerging swarthy from the other side of the world. It includes
Australia, New Zealand, Japan, South Korea, Brazil, Belarus, Russia, and
lately England with a knock at the door by France. A veritable
revolution is occurring from under the US-Anglo stage, which is listing
badly eastward.
The
grand weakness of the West over the course of the last three decades
has been the outsourcing of labor to Asia, starting with the Pacific Rim
and climaxing with China itself. The Jackass vividly recalls my quality
control consulting days in the 1980 decade with internal corporate
clients located in Taiwan, Hong Kong, and Singapore at Digital Equipment
Corp in Maynard Massachusetts. The colleague bonds were lasting. The
work was tremendously rewarding. The softball teams will always be part
of the etched memories. The dopes at the top made devastating decisions
that affected over 100 thousand employees, as we scattered. The
end result was that the emerging nations built factories, shipped
finished products, accumulated significant wealth, and now find
themselves restless with increasingly toxic FOREX reserves centered upon
USTBonds, UKGilts, EuroBonds, and JapGovtBonds, all of which are ripe
and ready for major writedowns. The debt writedowns will render damage to stored wealth.
The
point is that as the list of nations participating in the Chinese Yuan
Swap Facility continues to grow and to include nations with strong
Western alliances, it has formed the foundation of a non-USDollar
foundation for trade settlement. Think of them as stones in a great
pond. With enough stones, a platform can be erected atop the stones to
create a firm arena upon which to conduct and settle trade. Barter is a
fair system of trade, unlike the queer paper exchange whereby nations
work with labor and sweat, hand over finished products, and walk away
with bonded paper bearing ink, strange elaborate markings, a certain
broken promise never to repay the debt. The ink-stained bond is called
the USTreasury Bond. The Chinese Yuan Swap Facility has set the stage,
proving that trade settlement does not have to be based upon the
USDollar. The net basis swap settlement is as simple as it is clever.
The ultimate in barter is Gold Trade Settlement, again on a net basis
between nations. Since honest, it is despised by the bankers who rule
over the financial charred ruins with politicians in their pocket.
FAIR TRADE IN BARTER
Two
quotes drive home the point about barter and its legitimacy, if not
hope. No solution has been produced by the bankers to reform the
situation that the bankers have wrecked, a pathogenesis that began when
the bankers directed the puppet Nixon to discard the Gold Standard, to
play the first China card, which unleashed criminal enterprise, the
blossom of fascism, the distortion of value, the perversion of trade,
the toxicity of savings, and the advent of the police state.
The
first quote is from an esteemed colleague and mentor to a trusted
source for the Hat Trick Letter. Dr Dieter Spethmann is honorary
Chairman of PEL-EX Trading Ltd and former Chief Executive Officer of
Thyssen AG. The man is also a current Hat Trick Letter subscriber. He
wrote, "Barter and Gold are
identical. People who understand this also understand what barter is.
Both Barter and Gold allow for free re-valuation of currencies that are
blocked by central banks." Brilliant, simple, succinct, deep.
Unfortunately, the concept is way over the heads of 95% of dull
Americans still swimming in their devoted toxic paper pools.
The
second quote is from Antal Fekete, who has decided to put aside his
vapid Gold Basis theme, and now backs up my barter theme. Remember that
gold settlement is the manifestation of barter, if conducted with true
valid pricing. Fekete wrote, "The
price of Gold is headed for extinction. I for one do not believe that
the price of Gold is headed for five digits. Long before that might
happen, permanent backwardation would shut down the gold futures
markets. Gold could no longer be purchased at any price. Gold
would only be available through barter. World trade is facing an
avalanche-like transformation, flattening out monetary economy into a
barter economy. Practically all economists, financial writers, and
market analysts have missed this possible scenario. That will pull the
rug from underneath the international monetary system. Barter is the
ultimate in deflation, and that is what the world economy is getting." Welcome
aboard the Jackass train, as barter and its relation to Gold are no
strangers here. Notice he anticipates the Gold price to go dark, as the
COMEX shuts down, in total synch with the Jackass viewpoint. Obviously, a
market without product that serves up fraudulent contracts will go
away. Time and exposure are its enemies. Gold ambushes conducted over
time provide the requisite exposure.
The
gold community should applaud and cheer the recent market ambushes.
They represent banker suicide on stage, and assure the COMEX to become
an empty room, with chains on its doors, yellow tape as cordon around
the crime scene, and lawsuits aplenty. If another summer gold market
ambush occurs, it will bury the bankers and expose their corrupted
vacant market for all to see. Only then would the futures market dry up
completely. They can have their Force Majeure, as the Jackass will
settle for them to go away, even to the Paraguay jungle where their nazi
forefathers hid.
PETRO-DOLLAR FOUNDATION SHAKEUP
Just
a brief note. The Saudis are not in a position to stand as the primary
pillar to enforce the Petro-Dollar anymore. The Saudis decided foolishly
to join the USGovt security agencies in black ops games last year, with
heavy consequences. They were involved in murder of the Assad inner
core in Syria. The quick retaliation by HezBollah was to murder Saudi
Prince Bandar in August 2012, the Bush cohort and longtime US ally. The
complexity has turned an order of magnitude more intractable, as King
Abdullah is clinically dead. A few months ago, the strong king did not
emerge from back surgery and its anesthesia. He is dead, but with a
heartbeat. His eyes have not seen the desert sun nor a document to sign
in months. News is finally out on both deaths, but Hat Trick Letter
subscribers were informed long ago when the events occurred. The Western
press prefers to cover up the details, to disseminate old photographs
with altered time stamps, the usual fare of deception often lapped up in
full gullibility.
The
Saudis are out of adept adroit leaders. The Saudis are in decline of
crude oil output. The Saudis are seeing sharply reduced trade surpluses.
The Saudis must contend with increasingly angry and stubborn citizens,
who demand change and meaningful reform, if not an end to privilege. The
surviving eager princes from which to choose the next leader are a pack
of meager inbred insecure half-wit dullards who will preside over the
Fall of the House of Saud. With it will go the Petro-Dollar into the
sunset. The hidden events of significance include arrangements
already struck between the Persian Gulf member nations and China &
Russia. The Chinese have increased their presence in a significant
manner in the gulf. They have established numerous trade pillboxes, like
distribution networks and retail centers in almost every single gulf
nation. The Chinese and the Russians have promised military support in
the form of troops, armadas, and missile emplacements. The Petro-Dollar
used to have a military component bearing a USMilitary flag. That is
missing, along with the Saudi King. It has been replaced by a Chinese
flag and Russian Onyx & Sunburn missiles (one generation ahead of
the US Cruise missile). All the Eastern Alliance (BRICS, G-20, SCO)
developments and progress toward a non-USDollar trade solution will soon
receive a Saudi endorsement, even if implicit.
The
Petro-Dollar is dead, with the funeral only remaining, and a loud thud.
When the Saudis cut certain deals with Iran recently over the natural
gas pipeline, they sealed the USDollar fate. The news is not reported in
the sleepy lapdog intrepid subservient pathetic US press. The
Natural Gas Coop will be the undoing of the Petro-Dollar and even
overshadow OPEC. The maestro organizer is Russian Gazprom. Expedience
has allied with natural gas to form new partnerships, all of which
disrupt the current geopolitical balance. The Qataris have
discovered with partner Iran a large gas field in the Persian Gulf. The
Israelis are fast developing their natgas riches off the floating Tamar
platform. The Israelis forged a deal with mighty Gazprom, which will
guarantee natgas flow to Europe and lock in significant trade surplus.
Perhaps Israel will receive Gold in net settlement someday. Surely they
will not want toxic USTBonds. With the numerous natgas pipelines coming
online, the Petro-Dollar is doomed, since Russia is in the control room
flipping switches, pulling levers, and sending toxic paper back to the
sender, the USGovt.
The
Kremlin is very cleverly using their natural gas card to slice the
Petro-Dollar into rotten caviar at a time when the Saudis are in total
disarray. Once more, Putin is the adroit chess player, as the USGovt
continues its clumsy games like the Libyan disposal for a surreptitious
gold raid, like the SWIFT bank blockade of Iranian banks, like the
interference with the Pakistan Gas Pipeline, like the obstruction of
Turkish banks to provide gold in intermediary role. The USGovt maneuvers
will all backfire, as they have in the past. Eventually, natural gas
will be part of the Gold Trade Settlement system. The margin in the
energy industry is being defined by natural gas, as the old crude oil
buddy network is dissolving.
CHANNELS TO DISCARD USTBONDS
A new trend has begun to show itself. While
the West, in particular the Untied States, is locked with focus on
maintaining a stable USTreasury Bond yield, the East is preparing wide
channels to send toxic USTBonds back to London and New York, back to the
sender. While the West is busily operating its vast Interest Rate
Swap derivative machinery, the East is gathering mountains of toxic
USTBonds at the gateways to the new channels directed at the financial
crime centers of London and New York. While the West is anxiously
seeking an exit strategy from the QE & ZIRP monetary nameplates of
Weimar policy, the East has already decided to take the important
initial steps in an actual exit strategy from the USDollar altogether.
The Western central banks are deeply immersed in an obscene circle jerk,
but without realizing their dangled reeds are but rotten shriveled
orchids sewn to corrupt impotent old men. Explore the new channels, an
impressive series of waterways to return toxic paper to sender in
endless waves. The many channels
to discard the USTBond are being established by foreign entities, in an
organized manner. At first the flow in return will seem manageable.
Later it will become a torrent resulting in endless waves. The
Bernanke Fed will demonstrate before the world that liquidity cannot
overcome insolvency, nor can it compensate for toxicity. Revoke
Bernanke's PhD Doctorate! Benjamin Shalom Bernanke is not worthy of
being a doctor, since a bonafide quack. He is a snake oil salesman, a
toxic paper hanger, a banker errand boy bagholder, and a destroyer of
economic worlds.
BRICS Development Fund, creating Gold Trade Center Bank:
By
far the most dangerous and ominous channel is this fund. It has not
been correctly reported in the Western press. It has intentionally been
downplayed by the East. Surely it will initially serve as a source of
funds for a series of projects, mostly infrastructure like railroads,
super highways, mining mills, electric generating stations, and port
facilities. My source has
informed that the BRICS Development Fund will serve as a vast trading
house to convert USTreasury Bonds into Gold bullion. It will
eventually operate side by side with the newly formed Gold Trade Central
Bank, with funds arriving from the emerging nation surpluses, mostly
from reserves holdings, to be converted directly into Gold bullion. The
Gold Standard is coming back, but in Gold Trade form, where the new fund
will spin off Gold Trade Notes with legitimate and significant gold
backing for conducting trade transactions. The new central bank will not
be located in banking and currency. It will be centered in trade
settlement, done brilliantly outside the current system that is
dominated by the corrupted London and New York banking elite. The scales
will soon fall off the Western analyst eyes, as they realize the BRICS
are creating a Gold Trade Central Bank which will recycle toxic Western
sovereign bonds, primarily USTBonds. They will convert their hard earned
trade surpluses held in reserves into true tangible wealth. They will
forge gold on the back of USGovt debt. Details are found in updates
almost every month in the Hat Trick Letter. They will drain the West of
its gold. Toxic impaired USTBond debt securities will be returned to
sender, the USGovt, in very large volume, which will surely overwhelm
the USFed and its Weimar press.
Rosneft Acquisition, Buyout of British Petroleum Stake:
The
channel was revealed in the March buyout by Rosneft of the BP stake in a
major oil deal. The $55 billion deal has Rosneft acquiring the official
BP stake in BP-TBK, a large British-Russian company with significant
energy deposits and production. BP will be left with a minor position.
The terms of the complicated finance deal are unusual, innovative, and
indicative of Anglo-American limp wrists. The Chinese provided $30
billion in loans, but in the form of USTBonds, which will be handed over
to British Petroleum in the buyout. The Chinese will be guaranteed
years of oil & gas pipeline supply from Russia. Regard
the transaction as a CHECKMATE of the USDollar generally, of the Wall
Street and London bankers specifically, and of the Anglo-American energy
giants indirectly. The deal is the final chapter to the Yeltsin
years being unwound. The Chinese will dump some USTBonds held in reserve
in order to finance the new Eurasian Trade Zone foundation, a great
irony. The US press is nowhere on this entire story, which will make
Rosneft the biggest oil company on the planet, twice the size of
Exxon-Mobil. The tagteam of Rosneft and Gazprom will become giant
pillars to defend the new Gold Trade Standard, which will gradually
attract more Western nations as partner members, the tipping region
being Europe. The prize has always been Europe, which will turn
attention and loyalty to Russia. Details are found in the March Hat
Trick Letter. Toxic impaired USTBond debt securities will be returned to
sender, the USGovt, in very large volume, which will surely overwhelm
the USFed and its Weimar press.
Conversion of Russian & Chinese FX Reserves:
Very
difficult to prove, but the Russians & Chinese are aggressively
converting their foreign reserves into Gold bullion. The Russians
possess over 20,000 tons of gold. The Chinese possess over 10,000 tons
of gold. They maintain their secrets, but the reality is a major story.
The US press is nowhere on the reserves story, still locked on the
official IMF and WGC phony gold statistics which bear as much truth as
the USGovt jobs, economy, and price inflation reports. Almost every
single Western economic and financial report is a lie. Neither Russia
nor China permits any export of gold mine output. However, both superpower nations have been avidly converting FOREX reserves to gold bullion.
The major component of the converted reserves is USTreasury Bonds, the
toxic paper undermined by the USFed itself. The destructive QE &
ZIRP monetary policies are the primary motives for the conversions.
Their political leverage is unclear, if they are indeed draining
Switzerland or London or Rome. To be sure, deals are being cut to share
the power scepter in the next chapter. My belief is that gold mine
output from Mongolia to Kazakhstan is being gobbled up by Russia &
China. These nations are from the Former Soviet Republics, and form the
bond between the BRICS and SCO, the Shanghai Coop Organization. Toxic
impaired USTBond debt securities will be returned to sender, the USGovt,
in very large volume, which will surely overwhelm the USFed and its
Weimar press.
Russian Supply of Oil & Gas through Pipelines:
Far
more energy supply from Russian pipelines to Chinese gathering
facilities will arrive than just from the Rosneft finance deal on the
BP-TBK buyout acquisition. The graphic clearly displays that Russian gas
pipelines already supply Europe, seen in red. Significant Russian oil
pipelines also supply Europe, seen in blue. Most of the settlement transfers to Russia in payment come in the form of USTBonds and EuroBonds, soon to be eagerly converted.
The pipeline structure includes important passage ways through
Kazakhstan and Turkmenistan. Liquefied Natural Gas (LNG) pipelines are
under construction in the northern reaches of Europe. The future work
will focus on the Russian connection to China, as the two giant nations
have redoubled their efforts, realizing they are on the same team in
alliance against the USDollar syndicate. The Chinese have received most
of the tilted press coverage, but Russia holds most of the cards at the
table in both gold hoards and energy supplies. The Kremlin will dispose
of grand vats of toxic USTBonds, some of which will come from Chinese
hands. Toxic impaired USTBond debt securities will be returned to
sender, the USGovt, in very large volume, which will surely overwhelm
the USFed and its Weimar press.
African Resource Deals with China:
Too
numerous to cite are the deals struck by China to secure minerals and
energy resources in the dark continent of Africa. Details have been
provided over the years in the Hat Trick Letter report. The structure of
the deals is often identical. The nation, whether Nigeria or Angola, is
given a block of USTBonds by China. In return, the African nation
cooperates to construct mines or ports or railways that include roadways
and depots, sometimes community centers and hospitals and schools. The
future output of the commodity end product eventually finds its way to
Chinese ports. Battles have been raging since 2011 in Southern Africa
between China and the USMilitary, both directly and between proxies. The
nexus of the conflict is Congo and Djibuti at the horn. The African
nations surely do not collect the USTBonds as sale proceeds for to stuff
the toxic paper in their banking systems. Maybe Nigeria does to some
extent, but most African nations operate on a hand to mouth basis,
cashing and redeeming the bonds immediately. Toxic impaired USTBond debt
securities will be returned to sender, the USGovt, in very large
volume, which will surely overwhelm the USFed and its Weimar press.
Saudi Bond Redeem Petro-Dollars:
The
basis of the Petro-Dollar is the recycle of OPEC oil sales, held as
trade surplus, converted and stored in USTreasury Bonds. The Saudis also
hold a significant amount of big US bank stocks, but no mortgage bonds
since they regard them as immoral. As
the planks further corrode and rot that hold the Petro-Dollar defacto
standard together, the Saudis will abandon their toxic USTBonds in favor
of Gold, the longstanding favorite of Arabs. Their devotion to the
USTBond is a recent aberration in their long history, purely done to
placate the Untied States and to earn them free USMilitary patrol and
sentry protection. The Fall of the House of Saud is well underway. The
only true remaining element is the sound of the impact. During the rapid
disintegration process, complete with the inbred prince attempts to sit
on the throne, will be the rapid conversion of USTBonds into gold
bullion. They will also convert into property, like in Spain. The Saudis
might follow the USGovt security agency lead, and load up on warehouses
full of Swiss Franc bills. Another factor that revolves around the
Saudi sun is the big petro-chemical plant on the Red Sea port, a joint
project with China. Conversely, the Saudi Basic Industries (SABIC) is
busily working on a giant petro-chemical plant inside China. Total
bilateral trade amounted to $42 billion in year 2012. A grand discharge
flow of USTBonds will surely be directed into Saudi hands to fund the
project, for materials, for engineering equipment, for labor, and more.
Toxic impaired USTBond debt securities will be returned to sender, the
USGovt, in very large volume, which will surely overwhelm the USFed and
its Weimar press.
Big US Banks Reverse the Carry Trade:
The
unintended consequence of any Exit Strategy executed by the crippled
USFed will be the unleashing of the torrent of USTreasury Bond sales, in
a grand reversal of the massive sponsored USTBond carry trade. For
four full years, the big US banks have in earnest been borrowing money
at nearly 0% and investing in 10-year USTBonds to earn 2%, or in 30-year
USTBonds to earn 3%. The entire process has been conducted under
the direction, wisdom, and corruption of the US Federal Reserve itself.
The central bank actually promotes the program as a replenishment of the
big bank reserves after their tremendous losses in the post-Lehman
calamity. The big US banks are no longer credit engines to supply
American businesses, nor are they investment banks to foster American
fledglings in business. The banks are instead vast ugly cancer wards operating as casinos, heavily committed to USTBond carry trade.
They borrow short and invest long, and have accumulated a gigantic
account that sits at the USFed account, under the label of Excess
Reserves. Oddly, the key component on the USFed balance sheet to give
the appearance of solvency is the Excess Reserves account owned not by
the USFed, but by the big US banks. The USFed is an insolvent bank also,
in the worst condition of all.
The
USFed is a gigantic busted broken flywheel. At the second confirmed
hint of that the phony rally supported by vast Interest Rate Swap
derivatives has ended, the big US banks will reverse their trade. They
will sell not only the USTBonds, but also the USTBond futures contracts
that apply leverage gains to the corrupt operation. In time, the
marriage between the USFed and the big US banks will undergo great
strain. They will find there are indeed 50 ways to leave your lover. The
selling process by the banks will result in a nasty phenomenon called
convexity. Any attempt by the USFed to enable a rise in the bond yields
will go awry, will wander badly out of control, as a result of the
convexity phenomenon. Fannie Mae exposed the phenomenon in past
years, when the USFed tried to enable a rise in rates. The nasty twister
involves the unwind of leverage and the assured overshoot. The main
point is that the big US banks will be sellers as they unwind their
USTBond carry trade, an immoral source of gain. The backlash comes.
Toxic impaired USTBond debt securities will be returned to sender, the
USGovt, in very large volume, which will surely overwhelm the USFed and
its Weimar press.
GOLD SAFE HAVEN TO APPEAR
It
seems the USFed has been doing an experiment, to see if the financial
markets can endure a USTBond rise in yields. The reversal would qualify
as a return to normalcy, but only the first of 20 to 30 needed steps up
in the bond yield. To match fundamentals, the USTBond at 10-year yield
would have to rise to 7% or 8% or 9% at a minimum. The first line of
defense is the Interest Rate Swap on the experimental response. The
second line will be the unwind of the carry trade run under USFed
sponsorship. Only touching the surface, we can conclude that the USFed
is conducting an experiment. They are managing a Live Stress Test. It
will go badly if continued. In no way can a return to normalcy be
achieved, not even part way.
The
nemesis over the ages to Gold has been the USTreasury Bond. As the
BRICS nations convert to build a Gold Central Bank, as the Russians pay
off the London loans in the Rosneft acquisition, as the Russians &
Chinese convert their FOREX reserves, as the Chinese make payment for
oil & gas pipeline deliveries, as the Africans redeem from mineral
and resource deals, as the big US banks reverse the carry trade, the sanctuary safe haven of the USTBond will be revealed as a fiery pit and acid spray arena.
The true safe haven will be Gold. By the time the USTBond global
dumping exercise is well along, expect to see the COMEX shut down, to
have the Gold price go dark, for the lawsuits to line up. The COMEX has
no alternative, since it will be completely and totally empty of gold.
No market can continue without inventory, no matter how corrupt, no
matter how powerful the bankers are, no matter what military intimidates
its detractors, opponents, and enemies. Going
dark is a necessary step for the release of the Gold price to truly
high honest levels. It must pass through a climax storm.
As
the cited channels start to flow USTBonds back to sender in London and
New York, the Gold price will make great upward strides and eventually
zoom out of control to the upside. The corrupt COMEX price is absolutely
no indication of the Gold market right here and right now. USTreasury
Bonds will be converted into Gold bullion. The process has already
begun. The channels are being constructed. The flow will be tremendous,
like Uncle Sam tied to a morgue table, with tubes connected to all major
arteries and veins. He will be drained dry, converted into a desiccated
corpse. On the floor where vats of blood will be collected, the
conversion to Gold will be sudden and impressive. Opening one's eyes to
the greatest Paradigm Shift in the last two centuries will be the next
big megatrend, the big act. Gold will find its way in discontinuous
jumps to the $7000 per ounce price. The Gold Trade Settlement platforms
assure the higher price, already agreed upon in the grand reset. All is
aligned, including the secretive imprisonment of 6000 bankers. Justice
might not come, but they will be removed.
Source
banzai7