- Global Crisis Hot Spots and Pressure Points
by Jim Willie, http://www.goldenjackass.com/, via http://www.goldseek.com/
A preface is required to explain that the US Federal Reserve is responsible for every grand financial crisis in the last 30 years, dating back to the Great Depression and its supposed spurious resolution to Black Monday of 1987. Little realized is that the ’87 crash was a direct result of the impact from outsourcing US industry, whose trend began in 1984 with Intel. The lost legitimate income had a grand effect on the inflows to the US Stock Market. Of course, the newly forming Reich Economic team preferred to describe it differently. The important outcome from the cleanup was the creation of multi-$trillion bank derivatives to serve as phony foundation for the entire Western banking system. Greenspan blessed it as good and firm, but now we know it was soft and weak. These derivatives are blowing up, which will require bailouts and a replacement in the Gold Standard. Instead, expect the derivatives to ramp up further with greater leverage up to the assured catastrophe. The fallout will be great.
Two critical factors have contributed to the ruin of the King Dollar realm, the global financial structure in place since 1974, but greatly altered since 2012. The first is the entire concept of outsourcing US industry. This is a tremendous textbook example of micro-economics making individual success stories with greater profitability, like to Intel Corp, which began the outsourcing trend. These realized lower costs. But the failure is at the macro-economic level, since the USEconomy lost a large chunk of its legitimate income. The Reich Economists (aka Keynesian mutants) promoted the entire movement, and steered the nation toward the clean society with financial engineering. Its results can be seen with financial crisis in sequence without end, at first with the subprime mortgage bond situation and later with USGovt debt dependent upon direct monetization. The entire US financial structure has become a computer machinery driven obscenity with pervasive derivative usage in hidden form. It is probably in the $trillions each month, ever since the vast Petro-Dollar derivatives began to be dismantled. Now the USEconomy is debt-ridden beyond simple patchwork solutions. which will require bank bailouts and a replacement in the Gold Standard. Instead, expect the households to see bail-ins in a grand betrayal and exercise of tyranny.
THE GLOBAL FINANCIAL RESET HAS BEGUN
Let it be known that the resolution of the financial crisis in Turkey can be regarded as the first critical step in the Global Financial RESET, which has already begun. This is according to consensus among the Jackass colleagues. The introduction to critical steps has been the ongoing Deutsche Bank rescue and Italian banking system life support, in the West. The introduction to critical steps has been the creation of the Gold-Oil-Yuan futures contracts in the East. THE GLOBAL RESET BEGAN A FEW MONTHS AGO, WITH NO MARQUEE SIGNS, NO FLASHING LIGHTS, NO BANDS, NO HOOPLA. The banker cabal prefers that the public is ill-prepared, since the elites among them are busily preparing their positions for tremendous profits in the $trillions, equal to the losses expected by the clueless public.