By : Jim Willie was on fire, dropping numerous new BOMBSHELLS:
Lets get right into the big story Jim: You’re predicting some major US allies to swing away from the US?
- Dead Petro-Dollar Event Coming- Saudis set to announce the acceptance of ANY CURRENCY for oil, ALL OPEC Nations to Follow!!
- US Economy in Free-fall- stark evidence screaming full collapse ahead as monetary velocity plunges to 20 year lows!
- QE has been a dead-weight millstone on the neck of the US economy- true purpose is to collapse the US economy and institute global fascism!
- And Willie’s MOST SHOCKING CLAIM EVER: Japan, Saudi Arabia, France, & Germany are preparing to turn against the US, & join the Chinese/Russian Alliance!
Lets get right into the big story Jim: You’re predicting some major US allies to swing away from the US?
- Germany for technology, investment capital, business connections to Russia & China
- Frankfurt RMB Hub for bond trading and Yuan currency convertible function
- German corporate support turned East, while German bank support always West
- 3000 German companies doing business in Russia
- As Germany goes, so go France, Netherlands, Austria
- Expect Frankfurt to eclipse London in bond trading over time
- Turkey for gold intermediary function
- Important for Dollar alternative in trade settlement prototype
- Most important country for gold trade in entire Moslem region
- Always one foot in East, one foot in West, the toll taker, for bridge fees
- Making important Russian energy deals, including generating plants and storage silos
- Critical hub for Afghan heroin run by the USMilitary on NATO bases
- Saudis already have flipped, divorce in full scale conflict, parades done
- New crown prince has been designated, not the Prince Bandar line (end US-UK line)
- Already key comprehensive deals completed with China in March
- Extensive deals are commercial, investment, energy supply, even charity
- Most likely China ordered Saudis & Iran to make peace, engage detente, stop violence
- Soon Saudis will announce acceptance of any major currency for crude oil purchases
- All OPEC will follow
- OPEC to be supplanted by the Nat Gas Coop run by Russia with key Iran support
- Qatar is center of Arab gas, already moving into Gazprom camp
- Japan running a high risk high stakes game
- Courtship with Russia and its own giant energy deal
- Fukushima was an ATTACK on Japan!
- More backfire for Fukushima attacks, pushing Japan into Russian energy supply deals
- Japanese are building pipelines and LNG nodes
- Expect soon a traverse through Korean peninsula
- Both Japan and SKorea are critical jewels to jump from the Western fold
- Obama Trans Pacific Partnership is an abysmal failure
- GDP in Q1 went negative like minus 1% (standard lie is 4% to 5% must be factored)
- Retail sector in dire situation, a resulting factor, not leading indicator
- Money Supply has more than tripled in six years ($800bn in 2008 to $4.0tn recently)
- Money Velocity has collapsed (2.03x in 2007 to 1.57x recently)
- Utter total failure, proof positive that ZIRP & QE are dead weight millstones, not stimulus
- If it does not work, press it harder, then repeat the process until systemic breakdown
- Capital destruction from three years of QE bond monetization in unsterilized form
- Higher cost structure from leaked effect onto commodity market, plus natural hedging
- Global resentment for rising costs, no income lift, motive to seek USDollar alternative
- QE bond purchases are backdoor Wall Street bailouts
- QE monetary policy has lifted cost structure across world, including food prices
- Mortgage crisis has not gone away, moved instead to gigantic title fraud cases
- Subprime loans shifted to cars and student loans, both outsized
- Housing market has not really responded, except for private equity junk spot trade
- Vanished profit margins for businesses and corporate business segments
- Effect of Obama Care has been corrosive, with job cuts and job reductions
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