Blog Archives

This Is It: Chinese Are Ready to Launch A Gold-Backed Yuan! – Jim Willie

Jim Willie Issues A Crucial Market Update: A Systemic Lehman Event is IN PROGRESS, the Chinese are Ready to Launch a Gold-Backed Yuan, and The Bond Market Is About to BLOW.  We’re About to See A Run On Treasury Bonds… 

Click Here For MUST LISTEN Jim Willie:

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Jim Willie: Gold Runs the Game and the East Holds the Gold!

In his latest radio interview, Golden Jackass Jim Willie discusses: 

The Bankers are dying; what’s going on in London?
-Lot’s of thefts and lot’s of wars, and it’s all about gold
–The real story behind the Cypress bail ins
-America no longer has any gold so we need to steal it
Fate of The Vatican’s Gigantic Hoard of Gold
-Why the U.S. doesn’t want the reset to happen

Click here for Willie’s full interview on why Gold is About to Run the Game:

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Gold At $64,000 – Bloomberg’s ‘China Gold Price’

Gold At $64,000 – Bloomberg’s ‘China Gold Price’

- Bloomberg Intelligence suggest gold backed yuan see gold at $64,000 per ounce
- “Chinese gold standard would need a rate 50 times bullion’s price”
- As China-U.S. relations deteriorate, gold backed yuan possible
- Dollar and financial and monetary dominance of U.S. at risk
- U.S. and China war of words continues to escalate
- China rejects U.S. hegemony in Southeast Asia
- Currency war to escalate

If China were to partially back its yuan with gold it would require a gold price of $64,000 per ounce, 50 times bullion’s price today, according to a recent article from respected Bloomberg Intelligence.

goldcore_chart4_05-06-15
It seems like an outlandish forecast. However, as tensions between the U.S. and China continue to escalate such a scenario is not actually as implausible as it may first appear. (more…)

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Stewart Thomson: When Next Crisis Unfolds, Fed Will Ask China to Revalue Gold!

America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day.
When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program.
This would allow China’s currency to become a competitor with the dollar.

Equally importantly, it would allow the Fed to hide the key role that a higher gold price would play, in managing US government debt that is clearly out of control.

Click here for more from Stewart Thomson on why The Fed will ask China to REVALUE GOLD:

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Jim Willie: The Crash Heard Round the World- Saudis to Reject USD for Oil Payments

Putin kicked out the Rothschild bankers from his country.  Putin interrupted the USGovt heroin trade supply routes out of Afghanistan. Like Abraham Lincoln 150 years ago, the elite banker chambers wish to remove Putin and to suppress Russia, but the sprawling nation has joined at the hip with China.  Thus Russia cannot be isolated any more than a bear can be bear hugged.  The nation spans 12 time zones and is a top supplier of numerous important commodities. The Russia & China bond is growing and will result in a marriage, the consummation being a baby called the Gold Trade Standard.
The King Dollar is being displaced, kicked off its throne.  Its squire the Petro-Dollar is undergoing demise.  The Ukraine War is the USDollar Waterloo event.
The Saudi rejection of the USD in exclusive oil payments will be the crash heard around the world.
The marriage between the Saudis and Chinese is a process well along, with each month featuring yet another high level conference. The Saudis will make the announcement in the coming weeks or months, as a genuflection before the Chinese, with a hat tip to the Russians. Soon the crude oil price will be set by the Russia-China tag team, priced in YuanWhen the Gold Trade Standard is entrenched, the diversification away from USTreasurys in the global banking system will become a torrent. Bank system practices will follow trade payment practices. When installed, it will cause prosperity in the East and havoc in the West.
The Crash Heard Round the World is coming.  The USDollar will be rejected, and replaced by the Gold Trade Standard.

Click here for the latest Hat Trick Letter on the CRASH HEARD ROUND THE WORLD:

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JIM WILLIE BOMBSHELL: OVER 40,000 TONS OF GOLD STOLEN BY THE WEST & SHIPPED EAST!

Western banking interests have forcibly removed London gold and utilized Swiss refinement of Gold bars taken from other accounts, to rectify two decades of seized gold bars from unallocated accounts.   The improper usage was done to create the entire fraudulent foundation for the Euro Monetary Union itself.
The fraud is unspeakable, and might account for over 40,000 tons of misused (stolen) gold bars.  The shift is toward the East as financial center of gravity, altered by the extraordinary movement of Gold bullion from London and Swiss banking centers.
A sequence soon to unfold appears to be rather predictable, since once a key event occurs, the pressure is enormous and gathers to force the occurrence of the next event.  Think like falling dominos, the pieces actual elements of a fence to defend the USDollar regime.It is falling apart. One fence section topples the next.
The barbarians are not only at the gate, they are making their own fortresses.

Click here for more on 40,000 tons of gold rehypothecated by the West in the latest Hat Trick Letter:

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ALASDAIR MACLEOD: PAPER CURRENCIES FACE ULTIMATE COLLAPSE- LOSS OF CONFIDENCE IN THE DOLLAR COULD PROPEL SILVER TO $75!

Podcast: Play in new window | Download

launch rocket verticalLondon expert Alasdair Macleod returns to the SD Weekly Metals & Markets with his brilliant PM analysis, including:

  • Chinese 2013 gold demand 7,603 tons- More than DOUBLE Global Supply & mainstream estimates!
  • Macleod states that China’s total gold reserves (public & private) may be between 10 and 25,000 tons of gold!
  • Vaulting companies have never seen a 1 kilo (9999) gold bar- not one ounce is leaving China!
  • Gold being delivered from Western vaults has turned dirty- (barely .9 gold):  Bullion Banks Now Scraping the Bottom of the Vaults to Source Asian Gold Demand!
  • Swiss Refiners are working 24/7, with up to 20 tons a day being sourced to China via Switzerland alone!
  • We discuss plunging GOFO rates: Macleod explains that the London Market has been Effectively Cleaned Out of Gold Below $1300, & that No One is Willing to Arbitrage the Negative GOFO Because There is No Bullion Available! 
  • Alasdair provides his short & long term outlook for gold & silver, & states that Paper Currencies Face Ultimate Collapse, and that the Coming Loss of Confidence in the Dollar Could Propel Silver to $75!

Click here for the Special Extended Edition Metals & Markets With Alasdair Macleod:

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JIM WILLIE: US DOLLAR FUNERAL AT HAND!

A global clash of nations is underway in full gear.   The time is finally right. The urgency is acute.
The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in particular the robot sock puppets of the Untied States, see the end of the USDollar.  They appear to wish to lay blame on Russia for the death of the dollar.
The global rejection began with the Iran sanction workarounds, where India bought Iran’s oil & gas, but paid with Turkish gold, delivered to Tehran banks. The global rejection will achieve escape velocity with the acceptance of Russian Rubles for its energy products. The global rejection will achieve additional escape velocity with the acceptance of Chinese Yuan payments for Saudi crude oil (then all OPEC oil).
Coming is the launch of both the gold-backed Russian Ruble and the gold-backed Chinese Yuan. The global rejection will be final, and the funeral will be announced.

Click here for the latest Hat Trick Letter on the USDollar Funeral:

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JIM WILLIE: GOLD STANDARD WILL RETURN- IT IS COMING. IT WILL SHAKE THE WORLD

An important backlash is coming to the perverse USFed monetary policy.   An urgent call for global action has been seen in the G-20 and BRICS nations.
The Iran sanction workarounds are to serve as the prototype for gold trade settlement.
Shanghai will set the oil price in Yuan terms.  China will insist on making oil payments in their own Yuan currency.
Russia will service the oil demands to Europe and Asia
The Saudis will comply with Yuan payments and any other major currency in payment.
OPEC will fade while the NatGasCoop will rise under Gazprom leadership
Europe is caught in the middle, but will eventually turn to Yuan and Ruble payments for oil shipments.
The death of the Petro-Dollar is in progress.  Shock waves will force a new Split Scheiss Dollar.
The birth of the Eurasian Trade Zone is nigh.
The Gold Standard will return, not in bank transfer platforms or currency trading platforms, but in peer-to-peer transactions made in settlement. The world demands a new payment system, an alternative to the deeply flawed USD-centric current system. Even effective viable barter systems are to emerge. It is coming. It will shake the world.

Click here for the latest Hat Trick Letter on The Return of the King Gold Standard:

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Jim Willie: The Birth of the New 3rd World Dollar

The solution within the global currency reset is the launch of the new American Dollar, for its own usage, no longer a global reserve currency.
The United States is fast racking up characteristics of a Third World nation. Its finances are Third World. Its president is Third World. Its banking integrity is Third World. Its absent industry is Third World. Its decaying cities are Third World. It urgently begs for a Third World currency, but that is soon to be remedied. The nation has been a freeloader on the global reserve currency for too long.
That is about to end.

Click here for Jim Willie’s latest on The Birth of the New 3rd World Dollar:

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Evidence Suggests China Arranged April Gold Crash!

There was a huge spike in gold exports from Hong Kong to the mainland in March. As if someone knew there was going to be immense demand for physical in April in the mainland. But why would anybody import expensive gold  in March to sell it for bottom prices in April?
In between April 22nd and 26th, 117 tons of physical gold were withdrawn from the SGE vaults. That is an exceptional amount of gold to hold in stock-  unless one knew demand would rise significantly and had made pre-orders accordingly.

Click here for more on China’s huge spike in gold exports from Hong Kong the month prior to April’s gold take-down:

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