Jim Willie: Consequences Of America’s Lost Global Reserve Status for the Dollar

• Jim Willie: Consequences Of America’s Lost Global Reserve Status for the Dollar
  by Jim Willie, https://www.gold-eagle.com/
  The gold suppression game appears finally to be coming to an end. A Perfect Storm is hitting the gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing gold from the corrupt clutches of the Anglo-American banker organization. They have been willing to destroy the global financial structure and many national economies, in order not just to maintain the political power, but also to continue the privilege of granting themselves $trillion free loans. In the last ten years since the Lehman Brothers failure, all systems have undergone the same reckless treatment that the mortgage bonds endured. They saw corrupted underwriting, corrupted title database, rigged market pricing, and corrupted demand functions. Slowly the realization is coming to the fore, stated by a few astute analysts. In the last decade, the US-UK banksters have created the USTreasury bond as the global subprime bond. This is the result of astounding persistent magnificent QE abuse and hidden corruption. The so-called financial stimulus is actually hyper monetary inflation, which has destroyed the bond market.
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  PERFECT FINANCIAL STORM
  The perfect financial storm will be three to five times worse than the 2008 financial crisis that engulfed the subprime bond market. The corporate bond market is turning gradually into a $trillion BBB junk bond field and broken bone yard, after years of abused bond issuance devoted to share buybacks and executive options. The malinvestment and self-dealing has been atrocious, with a business impact. It can be stated with accuracy that the entire global bond market is subprime, led by the USTBonds. In the last ten years, absolutely nothing has been fixed, no remedy even attempted, while all the errors, crimes, and reckless monetary policy that created the Lehman fiasco with the Global Financial Crisis, have been repeated on a global scale. The great unfolding crisis will engulf sovereign bonds, national banking systems, and major corporations. For the last ten years, the USD-based money supply has almost tripled. The process created a coiled spring. The gold price is due to triple in compensation. Much lost time will be made up for. It just needs some internal, external, and systemic pushes. The Gold market will never let a crisis go to waste. Financial analyst Rob Kirby has recently identified the great gold supply shortage, and described what comes as a Roman Candle with the gold price shooting up an order of magnitude.
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  The unfolding global crisis will expose the USTreasury Bond as toxic, the new subprime bond. It will struggle to maintain the safe haven status, but lose the battle. Gold will assume the safe haven status, along with other undetermined hard assets. Attempts by the Basel bunch of uber-bankers, who have no official authority over the Western central banks, will change the course of banking history. That gold is made a risk-free Tier-1 asset will put forth a direct challenge to the USTBond in banking reserves. The Basel or IMF attempt to make a new gold-backed SDR bond will fall on deaf ears and doubtful eyes. In effect, Basel will become pitted directly against the Wall Street bankers, as great adversaries during the Global RESET. Let us lay out the sequence of powerful factors which come in the lost global currency reserve for the USDollar. It is certain bring about the following powerful events and effects:
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