Socio-Economics History Blog

Socio-Economics History Blog

Jim Willie: 13 Reasons Why Gold Will Hit $5000/oz!

by mosesman

Saturn_V_rocket_Vector_100_by_rogelead

  • 13 Reasons Why Gold Will Hit $5000/oz! 
    by Jim Willie, http://www.goldenjackass.com/, via http://www.24hgold.com/
    Back in November 2003, before the Hat Trick Letter was hatched and launched, a seminal article was written about 25 reasons why Gold will rise. It was updated afterwards, around 2008 with a couple more reasons. Given the extreme situation in the last few months, the entire outlook has changed. The gnarly intractable crisis began in late 2008 when Lehman Brothers failed, Fannie Mae was nationalized, and AIG was given a nationalist prop. In the last several months, the crisis has entered a new elevated level of perma-crisis and constant tension, widely recognized as something more serious, dangerous, and risk-filled.
    –
    The key changes that mark a quantum change in the global environment for Money, Banking & Gold are many. Taken collectively, they are truly impressive and mindboggling. The new normal is deep constant crisis without resolution, nor the attempt to resolve anything. The banker power structure refused to endure liquidations. They will forced upon them, consequently. The elevated sense of urgency, greater degree of distress, and higher risk of systemic breakdown are the result of many developments. They are largely due to:

    • ZIRP Forever & QE to Infinity (hyper monetary inflation forever)
    • Negative Gold Forward Rates & Futures Contract Backwardation
    • Arab Spring & Instability across Middle East & North Africa
    • Bail-in Plans for Western Bank Account Confiscation
    • Monthly Gold Market Ambushes
    • COMEX Vaults Going Empty
    • Exposure of Derivatives as Bank Sector Point of Vulnerability
    • Constant Pressure for Intervention & False Support of Financial Markets
    • Draghi Bond Solutions Declared Invalid
    • Unresolved Debt & Deficits in Southern Europe
    • Recognized Dysfunction of USGovt Spending
    • Infiltration of Chinese Yuan Swap Facilities into Western Nations
    • Renegade G-20 Meetings with Gold Trade Settlement as Key Project
    • Birth of EurAsian Trade Zone with Pipeline Infrastructure
    • Revelation of Widespread Security Eavesdropping
      –
      read more!

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