Jim Willie: Gold Standard Coming Into View
- Gold Standard Coming Into View
by Jim Willie CB, GoldenJackass.com, via http://www.goldseek.com/
A Perfect Storm is hitting the Gold market, with an internal factor (return to Quantitative Easing on steroids), an external factor (Shanghai Gold Exchange taking market share), and a systemic factor (Basel 3 Rule permitting Gold in account ratios).All three forces are positive in releasing Gold from the corrupt clutches of the Anglo-American banker organization. The Eastern Hemisphere has a planned coordinated and effective strategy to abandon the USDollar and to adopt the Gold Standard. It has happened first in the trade payment form, actually more like a global blossoming process. More progress can be inferred in its early stages. In the last ten years since the Lehman Brothers failure, all systems have undergone the same reckless treatment that the mortgage bonds endured. Slowly the realization is coming to the fore, stated by a few astute analysts. In the last decade, the US-UK bank management wing of the cabal has created the USTreasury Bond as the global subprime bond. This is the result of magnificent persistent QE abuse, hidden derivative activity to produce false bond demand, foreign dumping of USGovt debt securities, astonishing debt explosion, pilferage of foreign bond holdings, and wickedly false AAA debt rating.
It is reported that the USTBond is the favorite asset used to finance the Belt & Road Initiative projects. Something like $2.5 trillion has been spent, toward the nearly $9 trillion in MOU commitment for the vast BRI project slate. This has occurred after the USTBond was the primary asset used to build the Siberian oil pipeline to serve Chinese demand. The irony of such Indirect Exchange (spent USTBonds as cash by third parties) is extremely important, yet nowhere repeated in the tilted Western financial press. All this has occurred while the US press calls the BRI projects frivolous but motivated to trap the member states in participation. Such pathetically shallow propaganda, equal in pathology as the claim that the USEconomy is robust. All measures is flashing red, worse than seen in 2006-2007.