- Jim Willie: King Dollar Death Watch!
by Jim Willie CB, GoldenJackass.com, via http://www.goldseek.com/
KING DOLLAR DEATH WATCH
Before diving into the featured topic, let it be known that the USD-based platforms and USGovt-sponsored continental trade unions are a dismal failure, poorly crafted, poorly sold. The effect will be to accelerate the gradually accelerating USDollar rejection on a global scale. The war and sanctions angle continue to support and defend the USD, but it is unsupportable (due to crippling debt) and indefensible (due to QE hyper inflation). The previous week was the most damaging in many years from a psychological standpoint. The Chinese-led Asian Infrastructure Investment Bank (AAIB) won converts recently from Australia and Britain, but last week from Italy, France, Germany, Switzerland, Luxembourg, and seemingly Japan. A noticeable impact was observed on the Kenyan impostor squatter, who works to contain the damage. This week Turkey joined the AIIBank. Keep in mind that the AIIBank is for development projects. It begs for a more honestly stated function for the New Development Bank also promoted and funded by China. The NDB is the gigantic Trojan Horse. The Jackass has been boldly stating that the NDB is for converting USTreasurys, EuroBonds, UKGilts, and JGBonds into Gold bullion and will form the BRICS Gold Central Bank. The conversion process will send the Gold price toward $10,000 per ounce. It is written, but in secret. It will be done, from expedience. It must be, in order to put the global financial system in sound structure and equitable balance.
With the debt default from Greece and Ukraine lingering, never to go away, the big Western banks are constantly facing a failure event. However, the bigger immediate threat might be the Emerging Market debt. It is fixed in USD terms. So the debt burden has shot up over 20% in almost all such nations due to currency shifts. Therefore with debt failure on one side and banking platform abandonment on the other side, the King Dollar looks legless, castrated, full of acne, with too much evidence of voyeurism in allied bedroom windows, and too much shooting civilians for sport. The King Dollar needs a quick trip to the funeral parlor, then cemetery, in favor of the Gold Standard. The clear path has been laid out. The Gold Standard will arrive from the trade ramps, not the FOREX window. Then later, the global banking systems will discard the USTreasurys held in reserve. The event will trigger QE4, and collapse the Western central bank franchise system. Then comes the New Scheiss Dollar on a contrived platter. Gold will win, just a question of when, how, and the depth of global economic destruction.
The USDollar is soon to fade into oblivion. Its rise signals its demise. The hidden dismantle of the Petro-Dollar mechanism has been full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold device. The Eurasian Trade Zone will be built upon the gold route. The nascent trade zone will soon include Germany and whatever nation follows its prudent lead. The Teutonic shift is more clear with each passing month. The movement cannot be stopped, not by war, not by sanctions. The global rejection of the USDollar continues, far above the din of Washington and Wall Street propaganda. Events of early 2015 proceed in the nasty sequence to isolate the US and its monopolist money mavens. The King Dollar is dying a horrible death, as Gold will return to its rightful throne. The toxic USD will be chucked into the dustbin of history. Bond fraud, bubble devotion, and QE will be the captions read in the annals of this chapter of ruin. Next stop is the New American Third World. It is a lock, with 17 of 20 requirements met.