by Jim Willie, Gold Seek:
Many people who have been steady loyal dedicated even honorable investors in the gold & silver trade as personal protection for life savings have endured struggles with the family and friends. Whether the conversations are with dullards or stubborn types, maybe educated and formerly successful types, maybe those who are stuck in the paper world of shuffled investments of seemingly no basis, it is of no matter. The battle has been for a few years to convince those around us that a deep contracted crisis is underway. The battle has been to convince that a paradigm shift is in progress. The battle to convince family, friends, colleagues, neighbors, and acquaintances that the financial and economic system is facing a profound risk of total breakdown has been difficult. Most people are stuck in their own cocoon with family duties and business responsibilities, to be sure. Many people are also stuck within entrenched assumptions, most of which are false and easily dismissed. Many people simply do not care, since the official thermometer and barometer readings all read normal if not healthy signals, but then again they are rigged much like icing a thermometer from a rabidly sick man with a high fever. No resolution to certain pervasive intractable problems can come easily, not without a tumultuous sequence of events. The climax appears to have begun last year, while the breakdown accelerates.
SLEEPY DULL MASSES
The sleepy masses are not so much stupid as they are deceived. The dopey masses are not so much deranged as they are badly educated. The myopic masses are not so much apathetic as they are distracted. The wrong-footed masses are not so much debilitated as they are lied to constantly. The ignorant masses are not so much simple-minded as they are dedicated to watching rigged market indexes. They tend to be defiant when confronted by those who are well studied, as their reaction is clear indication of diminished ego and varnished embarrassment. They are not so truly lost as they are duped by watching their mutual funds, IRA funds, and 401k funds rising from the multi-$trillion hyper monetary inflation underway. They regard it as stimulus when they fail to notice the near complete capital destruction with the USEconomy, if not the entire Western Economy. The dullard masses might not awaken until their stock accounts are diminished in value, and some portion of their savings accounts are stolen. They might even cheer with the new Ministry of Truth being installed.
The phenomenon of mass deception and widespread ignorance is a fascinating topic. It has been well studied by the Jackass, and written upon in the past. Many people are just not interested in the macro financial situation and its degradation. Many people prefer to maintain the comfort of false perceptions since they feel a wondrous security. Many people believe the lies told to them, out of some warped political obligation or duty. Many people are stuck within the current system, dependent upon the paper game and rigged markets, even perhaps the political favors bestowed upon them. Many people are overwhelmed with the task of human survival and household continuation, and thus cannot afford the time or energy to focus much attention elsewhere toward the big picture. Quotes from Goebbels only touch upon the surface. To be sure, if a big astounding lie is told often enough, and by powerful people, echoed by the dutiful press, then the people will tend to believe the lie in the majority. The Jackass adds a Goebbels Corollary. Most people would prefer to be told and to accept a lie, rather than to be confronted with and to deal with a magnificent powerful evil force in their midst. This is very complex.
PROBING DEFINITIVE QUESTIONS
We followers of the global systemic breakdown and the solution found within the installation of the Gold Standard are constantly challenged in alerting, awakening, warning, explaining, and guiding friends and others through the coming maelstrom that seeks climax. It is not easy, as they often seem deaf, dumb, and blind. Toward this end, the Jackass has devised a list of 10 questions to pose to the mentally inept and perceptually obtuse. They are intended to shock them into reality, to toss cold water in their faces. The questions are not your typical garden variety questions that can be sloughed off and laughed at. Most are couched partially within their field of view, although surely not with a deep perception. The list of questions can be formulated to expose the dumbfounded dull glaze of the masses. Behold the list before any discussion of perceptions, reality, crisis, and solution.
1) DO YOU THINK THE NOW NEARLY $20 TRILLION FEDERAL DEBT WILL CAUSE PROBLEMS ?
2) DO YOU THINK FIVE YEARS OF ZERO PERCENT MONEY AND AFRICAN STYLE MONETARY INFLATION WITH BOND PURCHASES TO COVER THE USGOVT DEFICITS WILL CAUSE PROBLEMS ?
3) DO YOU THINK ENDLESS WAR TO DEFEND THE USDOLLAR SYSTEM WILL CAUSE A BACKFIRE ?
4) DO YOU THINK THE $550 BILLION TRADE DEFICIT WILL CAUSE A PROBLEM ?
5) DO YOU THINK THE REAL 23% TO 24% UNEMPLOYMENT WILL CAUSE A PROBLEM ?
6) DO YOU BELIEVE THE UNITED STATES FACES AN EXTRAORDINARY RISK FROM HAVING WELL OVER HALF ITS DEBT HELD IN FOREIGN HANDS ?
7) DO YOU EVEN KNOW WHAT THE GLOBAL CURRENCY RESERVE MEANS ?
8) DO YOU EVEN SEE THAT THERE ARE NO FAIR FINANCIAL MARKETS ANYMORE, WITH MOST CONTROLLED BY DERIVATIVE MACHINERY ?
9) DO YOU PERCEIVE THE GLOBAL FASCIST STATE DESCENDING UPON OUR NATION AND OUR WORLD WITH A PERNICIOUS ECONOMIC SABOTAGE TO USHER IT IN ?
10) DO YOU NOTICE THE NASTY ELEMENTS OF AGENDA-21 WHICH IS DESIGNED TO KILL OFF HALF THE HUMAN POPULATION ?
PERCEPTIONS, REALITY, CRISIS & SOLUTION
Item#1: The irony is that the first $1 trillion in federal debt was realized in the late 1960 decade with heavy costs of the Vietnam War. It was a wonderful extravaganza for the defense industry and the senators who received kickbacks, for trials of nifty weapons against the other sub-humans regarded among our species, the Asians. The current war is more financed by narco money and waged against a different regarded sub-human strain among our species, the Arabs.The United States was founded upon genocide kills of other regarded sub-humans among our species, with reference to the native American Indian tribes and the black slavery for labor. The irony is found in that nobody cares about the latest $trillion that pushes the USGovt debt limit to the $20 trillion mark. The enormity of the debt volume triggers reaction from the creditor nations, who have clearly had enough and have begun to dump the USTreasury Bond debt securities in earnest. Notice in 2014 the debate on raising the debt limit went away, a signal that a debt default might have occurred. The sale of the JPMorgan headquarter complex in South Manhattan was the big hint of a default and asset seizure. The Chinese managed the default event, and continue to do so cleverly with massive commercial property purchases and coordinated (even discounted) precious metals sales with JPMorgue the solicited agent. The solution will involve a more visible default event, complete with reformulation of the USGovt structure. The introduction of several tribunal territories would be effective. The risk lies in losing important slices to the union, like a part of California and Arizona to Mexico, like a part of Hawaii to China as a naval based lusted, like a part of Alaska to Russia.
Item#2: No nation can make money free or cover their debts via monetization without severe consequences. In reality free money has served as a gigantic trap to ensnare Emerging Market nations. They took the money, suffered currency decline during income reduction on commodity price slides, and face default somewhere between $9 and $15 trillion, depending upon the definition of EM nation. Free money distorts all asset prices. History has no example of a nation which had covered its debt via monetization without a disaster, and the United States will be no different. The USGovt in collusion with the US Federal Reserve has exported the debt coverage with Dollar Swaps to various nations, thereby doubling the hidden debt monetization. See the BLICS nations. To believe that the federal debt for the host nation in command of the global currency reserve can be monetized in the multiple $trillions without a massive crisis and financial collapse is pure folly. The derivative machinery can hold things together, but only temporarily. A severe react comes.
Item#3: When the Hat Trick Letter was hatched in 2004, many critics heaped insult when the Jackass claimed the USGovt and its banker controllers would ultimately defend the USDollar with the heavy hand of war. In 2005 the South Koreans announced a plan to diversify part of their sizeable reserves out of the USTBonds, and were promptly shown naval exercises off their coastline as a harsh resounding message. That event served as confirmation to the forecast. In 2003, the Iraq nation was illicitly invaded under the pretext of fighting terrorism. The real sin was selling oil for Euro currencies. The hidden motive was to remove chemical weapons and nuclear weapons sold by the Bush Admin to buddy Saddam. He aint a buddy no more, hanged, or else a double to Saddam was hanged. Iran later persisted in selling oil for non-USD payment, and was promptly treated to painful sanctions. The entire Syrian War has a motive to obstruct the Iran Gas Pipeline, which would supply Europe with natural gas, and likely not be paid for in USD terms on natgas sales. Even the Ukraine War has a dollar cloak with a sharp dagger. In 2012, the Russians were cut off at the knees, using their Cyprus bank connection to dump USTreasury Bonds and to purchase Gold bullion. That story was never told, since the dullard Western followers remain to this day unaware that Cyprus served as Russian banking window to the West, and the dumping of USTBonds at the island nation was well along in favor of gold. The fact that foreign nations support the USGovt debt, and then face attack by the USMilitary, is one of the great ironies and vengeful vicious deeds of modern times. The community of victim nations will simply discard the USDollar as the standard in all manner, to stop their bleeding.
Item#4: In past eras where balance and equilibrium were known as pursued forces within the global system, no nation could survive for long with a big trade balance. The consequence was quick and fierce, in a significant currency devaluation. Currency crises were followed by regime changes and asset forfeiture amidst tremendous turmoil, violence, lost wealth, and often with lost life. The United States has been given a complete pass on its oversized trade deficit. The outsourced industry movement began in the mid-1980 decade. It resulted in big ballooning trade deficits, but without consequence since the US command the global reserve currency. Foreign nations were compelled to purchase the USGovt debt. They resented doing so. When attacked by the many factions of the USMilitary edifice, from the front and from behind, the resentment was double. When the USDollar no longer acts as global currency reserve, the United States Govt will be forced to launch a new domestic Dollar. That is exactly when the crisis hits a crescendo, the American public awaken, and the chaos hits historical levels. It would mean the free pass is no longer in effect. The entire USEconomy will take on a national emergency objective to export as much as possible in order to relieve the trade deficit. New industries will spring up, with stated objective to export. The USEconomy will finally face deep shortages, along with higher prices.
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