- Jim Willie: Global Monetary War! Will the BRICS Gold Central Bank Destroy the IMF & World Bank?
*Clearly, the Belgium Bulge indicates a late stage of collapse. The game is fast changing, using big hidden channels in the monetary war.
* The ultimate vengeance by Saudi will be divestiture of USTBonds and full abandonment of the USDollar, followed by complete adoption of the Chinese Yuan and protectorate role. The Saudis soon will no longer have a conformity to the USDollar linkage to oil sales.
* The Treasury Investment Capital report indicated that Russia indeed dumped a record $26 billion in January, equal to 20% of all of its holdings, bringing its post-March total to just over $100 billion.
* Russia, China, Japan, Taiwan, and Ireland have cut deals to move USTreasury holdings to Belgium via the EuroClear.
* The Belgium Bulge Billboard might instead show posted USTreasuy Bonds as collateral to meet a gigantic margin call for a gigantic gold contract position, possibly to set up the gigantic vaults for BRICS central bank gold reserves, functioning in support of the new Gold Trade Standard.
* History might be repeating itself with a financial warfront Battle of the Belgium Bulge, a pincer movement to capture Western gold and form the Anti-USD Central Bank. Further parallel is the battle is against Fascism ironically. We might be seeing the birth of the BRICS Gold Central Bank, in a grand titanic struggle to source its gold for vault storage, decentralized as expected.
* Therefore, the Belgium Bulge means a big Sovereign Type Entity is in the Game, who refuses to take losses but instead continues to post collateral with a goal toward taking Gold Delivery.
* The Belgium Bulge might be evidence that the major London Gold Drain might be almost finished, replaced by Paper Gold sourcing done more in the open.
* The Belgium Bulge could indicate a precious pregnancy and birth soon of a 1000-ton golden baby!
* The sovereigns (Russia, China, India, Saudi, Japan) might have approached the Intl Monetary Fund or Bank For Intl Settlements in confrontation to demand a conversion of SDR pledged capital into physical Gold.
* The Jackass suspects the official BRICS Development Bank is to be a hidden gold central bank.
Jim Willie, GoldenJackass.com, via http://www.silverdoctors.com/
The detection of the rapid rise in USTreasury Bonds in the Belgium official central bank account has aroused broad and deep suspicions. Finally an open sore is visible that cannot be explained away easily. It first appeared a couple months ago. The initial knee-jerk reaction was that the USFed was colluding with the Euro Central Bank to hide heavy bond monetized purchases in New York, in effect demonstrating the Jackass point that the QE volume was huge, that the Bernanke and Yellen Fed were astute liars using deception. Next the evidence pointed to Russia having embarked on a significant dump of USTBonds using the proxy of EuroClear. It all made so much sense, the Russian account having declined in roughly the same volume as the Belgium account rose. Be sure to know that tiny Belgium has a rather notable current account deficit, no surplus funds to invest. Belgium has a GDP of $480 billion, the bulge fast approaching the size of their entire economy. Their chief export is tied closely to the hot air emanating from the EU Commission and Parliament, neither body possessing a scintilla of global integrity.