Jim Willie Update on Financial Collapse and Geopolitical Chess Moves

[youtube=https://www.youtube.com/watch?v=adsErowi86E]

• Published on Oct 26, 2015
  Great interview with Dr. Jim Willie, Editor of the Hat Trick Letter that can be found on www.GoldenJackass.com
  Topics: 
  1) Lost US leadership globally, with Petro-$ gone and USMilitary retreat- numerous hidden consequences to the dismantled Petro-Dollar Standard
  – rising USD exchange rate (not from strong economy) has slammed a few areas
  – US energy sector in absolute wrecked tatters (bankruptcies, debt defaults)
  – US export trade in standstill (empty Calif shipping containers)
  – assaults on Wall St bank balance sheets, with derivative losses (covered by Hidden QE)
  – led to Russian Military inclusion in northern Middle East front
  – Russia saw threat to Tartus Naval Base, to Turkey and Bosporus entry, to Russia front
  – duplicity of the ISIS/ISIL entire movement and position by USGovt
  – growing retreat has deeper military superiority issues at work (Russian spot items)
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  2) RMB international seeding and spread with Hub Centers, trade settlement, and soon oil sales
  – London strives with ambition to be major European RMB hub for connection to China
  – London has ambition to be major link to China for massive trade deals
  – competition with France, Germany, Switzerland on RMB hub centers
  – delay for IMF Special Draw Rights inclusion seems orchestrated
  – IMF inclusion means perhaps $1 trillion in estimated RMB bonds in Western bank systems
  – cross border trade rising noticeably in RMB settlement (still rather minor)
  – fast rising RMB settlement in gold trade
  – big BIG item upcoming is Gulf Emirate oil sales in RMB terms
  – strategic meetings between Saudis and Russia at Kremlin with Putin
  – negotiating Saudi role vis-a-vis ISIS, and probably RMB sales with Russia price setting
  – major changes coming to Saudi, either play ball with Kremlin or swept out in palace coup
  – Russian trade zones avoid USD in payments, likely to use more RMB
  – CIPS payment system set running, to be expanded, rivals SWIFT (pushed aside for abuses)
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  3) USTreasury Bond cracks covered by (not so hidden) $1 trillion in monthly QE volume
  – ongoing USTBond market fractures and collapse in ultra slow motion
  – maybe negative interest rates far more widely, even on Fed Funds
  – negative flirt on REPO rate and Dollar Swap rate
  – major new item is Reverse REPO gigantic volume, Fails Deliver TBonds gigantic volume
  – $40 billion in daily Fail volume means $1 trillion per month in Hidden QE by USFed
  – flow is confirmed, but purpose is not (suspect Wall St bank oil hedges and Petro-$ derivs)
  – Belgium EuroClear identified as Chinese (BRICS too) weigh station for TBond dumping
  – notice $250bn in Chinese dumped TBonds in July, Aug, Sept but TNX calm near 2.0%
  – USTreasury Bond market under full control, emergency war room condition
  –
  4) Key swing nations in Britain, Germany, Turkey, Saudi Arabia
  – geopolitical stage at risk of important tipping points
  – Britain might make key decisions against USD in order to court RMB trade
  – Germany might make key moves to further Frankfurt RMB Hub
  – could it be that Germany will undermine Russian Sanctions via further RMB moves?
  – Turkey has upcoming elections in early November
  – word is tilt East even if Erdogan wins, but much faster tilt if loses
  – risk of Turkish Military coup present and strong
  – Turkey is important in two ways: Bosporus control, Turk Stream in Gazprom pipeline
  – Saudis are in state of flux, royal challenges as King Salman is out with senile dementia
  – Mohammed bin Salman (MbS) is in charge, cutting deals with Putin in Russia
  – war in Yemen going badly, another proxy war with Iran
  – Saudi important in numerous ways: turns Emirates RMB, end of Petro-$, oil exhausted

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