by Jim Willie, Golden Jackass, via Perpetual Assets:
The USDollar is on a collision course with imminent death. It is utterly amazing that so many supposedly smart analysts and highly paid wealth managers cannot see the obvious path on which the USDollar treads, limps, and struts proudly, dangerously, and abusively, suspended by numerous false cables and tethers. The USDollar cannot be sustained in its current form or on its present course. The abuse of its management and stewardship will be told in history books (possibly with certain chapters scribed by the Jackass). The aggressive defense of the USDollar includes criminal activity on a widespread scale never witnessed before. It is a veritable global money war, not so much a global financial crisis. The system, centered upon the USDollar, is collapsing under its own insolvency and corrupt underpinnings amidst the din of war. The truth is almost nowhere to be seen. The USGovt is demanding that allies support the global currency reserve, even though doing so guarantees a financial structure collapse and an economic breakdown. The safe haven is Gold & Silver, in the form of bars & coins, kept secure outside all nations that speak English, and outside nations that are closely allied with the USFed and USDept Treasury which operate like a vast crime syndicate.
The current system is destined to failure. Time is running out. The only assets to thrive in the coming climax will be precious metals, property containing commodity resources, and certain commercial property, surely farmlands, maybe some collectibles. The year 2015 will not end with any basic resemblance to the beginning of 2015. The interior structures are fracturing, seizing, cracking, rupturing, and convulsing. The banking masters are having an increasingly difficult time to conceal the damage, corrosion, ruin, and breakdown. Meanwhile the Chinese are wresting control of the Gold market. They will liberate when they feel like it and not a moment before. That will happen when they are unable to garner more gold with the heavy discount that Wall Street must provide in order to keep the system appear to run smoothly. That will happen when grow tired of tolerating the insufferable arrogance of the West, and its corruption with enormous abuse. That will happen with the fading of the Empire of Lies, their Kingdom of Chaos, and the Endless Wars. The system under the USD canopy cannot continue too many more months. It is an absolute miracle that the King Dollar has survived to 2015 since the extreme events required to secure its perch.
To the Jackass, QE and War guarantee the USDollar imminent death. But the death warrant factors have grown, while the dynamics of the pathogenesis have amplified. A grand isolation will result, like a quarantine, followed by liquidation, identification of the grand rogue nations, clarification of the terrorism source, finally marked by removal of the USDollar as global reserve. In its place will come the Chinese RMB currency as caretaker reserve currency, followed in time by the return to the Gold Standard. Several nations will issue sovereign debt in RMB terms, much like the many Western corporations. Extensive trade settlement in the RMB will be seen, alongside Gold Trade Notes used as letters of credit in trade. The Gold Standard will arrive on the trade corridors, followed by the banking reserve management, and finally in the currency arena. The USDollar has been served notice of its removal, replacement, and demise.
PRELIMINARY DEATH NOTICES
The events of late 2001 with the inside job and staged planned 9/11 attacks opened the gates for a US Fascist State. The Patriot Act solidified the Gestapo Manifesto on usurped power. The Fascist Business Model unfolded, complete with permitted corruption, the Too Big To Fail Banks, the legislation written by big banks, the massive bond fraud, the narcotics money laundering dependence, followed by the rancid bitter fruit from the model. The USEconomy and US financial system would never recover from the bank heist at the World Trade Center. Most Americans were not even aware that WTCenter housed the largest private bank in the world. The USDollar was given a delayed death sentence.
The events of late 2008 with the killjob execution of Lehman Brothers revealed both the US banking system insolvency and the motive to kill a fellow Wall Street bank in order to preserve Goldman Sachs. The venerable crime syndicate HQ in GoldSax managed to receive 100 cents per dollar insured, after cutting off Lehman with collusion by JPMorgan. If truth be known, GSax was even more vulnerable to mortgage bond losses than Lehman. The Wall Street banks were seen as insolvent crime centers. The USDollar was given a delayed death sentence.
The Events of 2012 with the permanent installation of Quantitative Easing (QE) was made in order to cover the nearly infinite USGovt debt, which foreign investors were no longer showing in purchase demand. The USFed put QE in place to create a backdoor bailout for Wall Street banks, which held inordinate volume of the toxic paper in USTBond and USAgency Mortgage securities. Their counterfeit had been rampant. The QE enabled coverage of hidden derivative losses. The QE enabled coverage of foreign dumping of massive amounts of USTreasury Bonds. The permanent QE assures the USDollar will be torn apart at its foundations, and laid bare to be seen as a Third world currency. The USTreasury Bond was given a near-term death sentence.
The events of 2014 with the Ukraine War was the most starkly ugly demonstration of war to defend the USDollar. Not one in ten Americans regards the war as a defensive desperate defensive measure to defend an increasingly rejected USDollar on a global scale. Russia no longer wishes to use the USDollar, just like Iran. The Kremlin booted out the Rothschild bankers two years ago. The war sanctions against Russia assure the ruin of the European Economy. The nations of the EU will splinter off, first at the periphery like in Greece, later at the core like in Germany. The Athens crew is feisty and wish to build a future. The Berlin tribe is feisty and wish to preserve their world. The USDollar is on death row.
QE MONETARY INFLATION & DEATH OF CAPITAL
Hyper monetary inflation wrecks capital, always has, always will
Destructive forces of QE work in United States, just like in Africa
The US Federal Reserve is undermining all foreign reserve savings
Official and private hedging forces higher cost structure
Lost profitability in global economy ruins businesses and corporate segments
QE results in capital destruction and retirement, complete with job losses
As long as huge QE bond purchases occur, the USDollar is destined to die
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