Jim Willie: Swiss De-peg Triggers Massive Derivative Crisis, Potential END OF THE EURO!
Please reference this recent post: RECORD BREAKING AMOUNTS OF FOREIGN GOLD ARE BEING REMOVED FROM THE NY FED as well as my recent statement made on January 17, 2015, which appears to look more and more accurate:
My somewhat
informed point of view is that this will not lead to WWIII. I have been
reading, listening, and studying . . . Very soon, the BRICS, CHINA Bank,
will announce a return to the gold standard among themselves. This
means the US will be forced to ‘do business’ with these countries in
gold, gold I imagine that they must prove is honestly theirs. I’ve
learned that it is likely they can only do this for a reasonably short
period of time. When they can no longer pay in gold, there are other
options, like paying substantially more in currency than the countries
who belong to this financial system.
During this time,
the citizens of the USA will have the opportunity to get their country
back under a valid Constitution (not the corporation under which we
presently exist) and Treasury (not the Federal Reserve, which is illegal
and outside the Constitution), a platform which Alfred Webre has
recently suggested as part of a 2016 Presidential Campaign. When/if this
is accomplished, then the US will be permitted to take part in the new
monetary system.
Since we are already
involved in a war — a currency war, and war is never a proscribed
situation, this is only one of many possibilities that might surface.
What I do not see, however, is the advent of WWIII. I think Putin has
been very careful to avoid it, and I see no reason why he would want to
bring about the almost sure destruction of this planet.
~Jean
UPDATE: Please
don’t miss this video, as well. It’s got a great analysis of how Putin
‘works’, plus some wonderful, much deserved kudos for Peter Eyre: Alfred Webre: VIDEO – Leuren Moret: Putin Plan-HAARP the Fukushima radiation out of Russia. BRICS saves world from $collapse
Posted on January 19, 2015
In the wake of the Swiss National Bank shocking the market
this week de-pegging the CHF from the Euro, the Golden Jackass Jim
Willie joined us over the weekend for an Exclusive Interview
discussing:
The Doc began by asking the Golden Jackass his thoughts on the Swiss Franc de-pegging from the Euro:
– tipped off on Draghi EuroCB decision to proceed with QE bond monetization
-Currency interventions are coming to a CLIMAX!
– could be as simple as Swiss bank noticing the physical gold flows
– Swiss act as gold coordinator (see Bank For Intl Settlemt) and guide for refiners
– could anticipate German departure from common Euro currency
– could anticipate Greek Exit and huge shock waves
– numerous factors could lead to widespread European bank failures
Willie made a STUNNING prognosis for 2015- Death of the dollar and GOLD REVALUATION:
– energy trade gradually excluding USD
– key upcoming element is Saudi/OPEC acceptance of non-USD
– US losing control of USD and oil price (Petro-Dollar demise in full view)
– US oil industry at great risk ($2 trillion in shale bond all subprime)
– convergence of Brent & WTexas oil price signal in 2013
– US blocks all reset Currency & Gold market reform
– therefore East will force Gold Standard through trade channels
– Eastern capital development and asset acquisition will be done on USTBond tab
– East led by BRICS are to shun avoid reject the USD
– QE has accelerated all movements to remove the USD from trade and banking
The Doc then asked Will for his take on the upcoming Greek elections- will we see a GREXIT?
– potential for European bank runs, bail-ins
– ELA is Emergency Liquidity Assistance
– four big Greek banks ask aid
– Syriza Party seeks to abandon austerity and probably the common Euro currency
– debt default likely following EUR 240bn bailout
– EU 195bn debt owed to EU nations = 4% of EU govt budgets
Germany 56.5bn, France 42.4bn, Italy 37.3bn, Spain 24.8bn, Dutch 11.9bn
- GREXIT will blow up EU on fiscal side
– Swiss Natl Bank on currency side
– USGovt sanctions on economic side
– Germany on monetary side
– Ukraine on energy side
- Willie explains why the Swiss are dumping the Euro in favor of GOLD, and that multi-hundred billion trading losses will result in MASSIVE DERIVATIVE LOSSES & CONTAGION!
- Swiss actions have brought a HUGE ACCELERATION of end game events-We’re looking at the potential END of the EURO!
- Swiss have front run the Global Currency Reset & GOLD REVALUATION!
- $2 TRILLION IN SUB-PRIME OIL BONDS ARE ABOUT TO EXPLODE! Contagion will be bigger than sub-prime housing crash!
- Dollar Death-Spike: Fed has LOST CONTROL of the dollar!
- Coming European bank failures will result in a STAMPEDE INTO GOLD!
- 2015 Will be a repeat of Lehman- Several Western banks will go down, This is GAME OVER!
- When Putin flips his switch, the DOLLAR IS DEAD, and Gold Will DOUBLE!
- GREXIT will blow up the EU!
The Doc began by asking the Golden Jackass his thoughts on the Swiss Franc de-pegging from the Euro:
– tipped off on Draghi EuroCB decision to proceed with QE bond monetization
-Currency interventions are coming to a CLIMAX!
– could be as simple as Swiss bank noticing the physical gold flows
– Swiss act as gold coordinator (see Bank For Intl Settlemt) and guide for refiners
– could anticipate German departure from common Euro currency
– could anticipate Greek Exit and huge shock waves
– numerous factors could lead to widespread European bank failures
Willie made a STUNNING prognosis for 2015- Death of the dollar and GOLD REVALUATION:
– energy trade gradually excluding USD
– key upcoming element is Saudi/OPEC acceptance of non-USD
– US losing control of USD and oil price (Petro-Dollar demise in full view)
– US oil industry at great risk ($2 trillion in shale bond all subprime)
– convergence of Brent & WTexas oil price signal in 2013
– US blocks all reset Currency & Gold market reform
– therefore East will force Gold Standard through trade channels
– Eastern capital development and asset acquisition will be done on USTBond tab
– East led by BRICS are to shun avoid reject the USD
– QE has accelerated all movements to remove the USD from trade and banking
The Doc then asked Will for his take on the upcoming Greek elections- will we see a GREXIT?
– potential for European bank runs, bail-ins
– ELA is Emergency Liquidity Assistance
– four big Greek banks ask aid
– Syriza Party seeks to abandon austerity and probably the common Euro currency
– debt default likely following EUR 240bn bailout
– EU 195bn debt owed to EU nations = 4% of EU govt budgets
Germany 56.5bn, France 42.4bn, Italy 37.3bn, Spain 24.8bn, Dutch 11.9bn
- GREXIT will blow up EU on fiscal side
– Swiss Natl Bank on currency side
– USGovt sanctions on economic side
– Germany on monetary side
– Ukraine on energy side
No comments:
Post a Comment