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Thread: U.S. economy on schedule to crash March 4, 2014

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    United States Administrator Paul's Avatar
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    Default U.S. economy on schedule to crash March 4, 2014

    The key thing to notice in this article is that it was published in a main stream US newspaper over a year ago, and that it calls out a specific date about when the world economic crash will become evident.

    On October 25, 2012, Grady Means, a former assistant to Vice President Nelson Rockefeller (of the infamous Rockefeller family), authored the following article in the Washington Post.

    Means anticipates that the world economic crash will be long and ugly, affecting most nations. The US will no longer be able to afford to import much. China will lose their biggest customer. Russia will have fewer customers for their gas and oil. And down the line it goes ... the backbone of the world economy since World War II, the US Dollar, will no longer hold its value.

    =================
    Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.

    The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.

    Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.

    Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.

    The problem is not Medicare, which won’t quit on us for another six or seven years. Nor is it Social Security, which will not be fully bankrupt for another 15 years or so. The crisis is much more immediate and much more serious.

    The central problem is that America is the bank of the world. What this means, simply, is that the dollar is the world’s currency (often termed the “reserve currency”).

    Throughout the world, nearly all traded goods, oil, major commodities, real estate, etc., are denominated in dollars.

    The world needs dollars, and the U.S. provides them and provides confidence that the dollar is the “safest” currency in the world. Countries get dollars by trading with us on attractive terms, which enables Americans to live very well.

    Countries support this system and cover their risk by investing in dollars through T-bill auctions and other mechanisms, which enables us to run budget deficits — up to a point.

    The central issue is confidence in America, and the world is losing confidence quickly.

    At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments.

    Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.

    At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.

    The rest of the world will fully crash along with us. Europe will continue to decline, and the euro will not replace the dollar. Russia will see a collapse in oil prices as market demand softens, and Russia will collapse along with it.

    China will find nowhere to export and also will collapse. The Russian and Chinese governments, which see all this coming and have been stockpiling gold to hedge against such a dollar collapse, will find that you cannot eat gold.

    There will be uprisings — think of the streets in Spain and Greece today — everywhere. Technological advances that traditionally drive productivity increases and economic growth will not be able to keep up with this collapse.

    When might this all happen? Paul Volker indicates we might face a mess like this in the next year and a half.

    David Walker, former U.S. comptroller, i.e., the former chief accountant of the U.S. government, has suggested similar time frames for economic catastrophe.

    Most agree that the budget sequestration approach won’t work from either economic or political perspectives, and mindless across-the-board cuts in spending will only exacerbate a mess.

    The Federal Reserve’s third round of quantitative easing, in which we print money to buy our own bonds in order to goose economic and employment numbers, means we are floating our own debt, a good formula for sudden hyperinflation.

    The next president will have about six months to fix this problem before it is too late. He must be fully prepared, able and willing to work with Congress and move quickly and decisively.

    During the election, the most important question to ask is, who understands all this and is prepared to prevent it? Everything else is noise.
    =================

    When Grady Means speaks of the "next president", keep in mind that he wrote this before the Obama was re-elected in the November 2012 US Presidential elections, so he did not know whether Barrack Obama or Mitt Romney would win the election (or if he did know, he wasn't saying.)

    The original article can be found on-line at U.S. economy on schedule to crash March 4, 2014.
    -- Formerly known as "ThePythonicCow", aka "Cow", "PCow", "TPC", "PC", "Mooster", ...

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Well, considering that all dollars which enter global commerce are created out of thin air by the Federal Reserve, which then enter commerce as “credit”, have a maturity date (usually 30 years) attached to them, with interest usury (actually called taxes) as they move through commerce, is it really any wonder that such a fiat debt system will collapse?

    In order to service these instruments the taxes need to be paid as they move through commerce and deteriorate for their eventual return to source at maturity, so this revolving door of exponential debt can NEVER be paid and cannot survive unless debt increases exponentially.

    With these fiat debt instruments acting as the global reserve currency, allegedly tied to a commodity which is consumptive (petrodollar), there is no basis for asset value or any connection to actual life giving tangibles. The only index which the dollar is truly tied to as a metric, is the energy of all sentient beings. The bottom line, all energy is pledged to be consumed and vampired by a handful of select elite who set up the Babylonian bankster system.

    So, once we realize there is no real debt and that the fiat ponzi scheme cannot be sustained and must collapse, what is it that we are going to accept as a new system? Will we beg for the same psychopaths to give us a global digital system where we are fully indentured slaves with no lateral freedom at all? Will we continue to accept the notion that this debt exists and must be paid, or will we default and demand a global jubilee? Will we demand an asset based currency circulating without interest?

    These are the questions. If we give the elite psychopaths complete unilateral control of the global digital system and just transfer the debt into this centralized digital system, then nothing changes. If we default, demand a jubilee, create an asset backed system WITHOUT interest attached to it, then we have a chance at change.

    If we don’t wake up our fellow man to this fact, we will get the system they have prepared for us and the one we don’t want.
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    i think this may have something to do with Linsay Williams report on the currentcy reset.

    http://www.youtube.com/watch?v=HTCTizWwBSc

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    Question Re: U.S. economy on schedule to crash March 4, 2014

    Confused a bit here ... the US Federal Reserve economy system has been dead for quite a while ...

    Perhaps this so called date is when its life support apparatus will be shut off ...

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    With the timing of this article and what Lindsay states the IMF have been planning this for about 2 years now and have 204 countries on board.

    It might mean they have all their chess pieces in place and its time to wreak havock !

    i cannot wait ! it will be glorious : 0 ) its not all bad news , its a time where you can make a ton of money if you put it in the right place.

    Currently the SLV is at a 60:1 ratio in its spot .. thats rediculous as it should be 15:1

    once a currency reset hits the SLV ratio will go to about 20:1 and that means the 19 dollar ounce will rocket to 150 in about 30 to 90 days after the reset.

    You can also hedge on currencies that are below your local value.. once they are normalised you make a ton over night.

    even if you only have 100 bucks you can turn it into 500 if this reset happens..

    the ones who stayed in paper currency will suffer.. tangibles , SLV and hedging .. thats my tip



    N
    Last edited by Nanoo Nanoo; 4th February 2014 at 18:57.

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Here is Sorcha's take...

    Quote A grim report circulating in the Kremlin today prepared the by the Main Intelligence Directorate (GRU) of the Ministry of Defense is warning that the assassinations this past week of three top Western bankers coincide with Snowden Documents detailing a 15 February 2014 “catastrophe” being engineered by the Obama regime in order to establish some type of “new world economic order” prior to the coming global meltdown of markets and massive bank failures, some of which have already begun.

    Edward Snowden is a computer specialist and former Central Intelligence Agency (CIA) agent who with his yet unidentified US military backers obtained nearly two million highly classified top-secret documents from the United States Department of Defense (DOD) run National Security Agency-Central Security Service (NSA/CSS) and was granted temporary asylum in Russia in 2013 after his designation by the Obama regime as the “most wanted man on earth.”

    The three Western bankers targeted for elimination by Obama regime “black team hit squads,” this report says, were Deutsche Bank executive Bill Broeksmit, 58, found dead at his home in Chelsea, south west London, on 26 January, JPMorgan Chase & Company vice president in technology operations Gabriel Magee, 39, who died after falling from his London headquarters on 28 January, and chief economist at Russell Investments, and former US Federal Reserve economist, Mike Dueker, 50, found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington State on 31 January.

    The “common link” between these bankers, this GRU report continues, began this past year after two JP Morgan whistleblowers confessed that their bank manipulates the gold and silver markets, which led to this past weeks stunning announcement that Europe's largest bank, Deutsche Bank, would withdraw from the appropriately named gold and silver price “fixing”, as European regulators investigate the manipulation of precious metals prices by Western banks.

    Deutsche Bank executive Broeksmit, called among the “finest minds” in his field, and Russell Investments Dueker, ranked among the top 5 percent of economists by number of works published, this report says, were at the forefront of the European investigation into JPMorgan gold and silver price manipulation and had as their “inside man” JPMorgan tech guru Magee who oversaw his banks computer systems built for this crime.

    Critical to note, GRU economic analysts say in this report, is that if the price of gold and silver were to achieve their “honest” level, JPMorgan would collapse as it does not have the reserves needed to equal the “paper” gold it has already sold, and a JPMorgan collapse would then, in turn, implode the entire global economic system.

    Even worse, this report continues, JPMorgan crimes have now reached into the motherland itself after the Russian Central Bank (RCB) yesterday was forced to shut down Moscow-based lenders My Bank and Priroda Bank after they were unable to retrieve their foreign deposits from the British multinational banking and financial services company HSBC due to their imposing restrictions on large cash withdrawals on 24 January.

    As the United States just reported its worst January stock market in 24 years, this report continues, the Obama regimes “master plan” of purposefully creating global financial chaos in order to destabilize enemy countries and create a flight into the US dollar is now failing and has led to the highly influential trends forecaster Gerald Celente to warn people this week that they need to “brace themselves for a disastrous global collapse and riots that will engulf the entire world.”

    Not just Celente is issuing warnings either, this report says, but so has too the famous US economist and former Harvard economics professor Terry Burnham who during an interview this past week on PBS NewsHour stated that he was removing his $1 million of life savings from Bank of America because American banks are no longer safe.

    This GRU further notes that despite the 6.5% US stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.

    Most ominous to note in this GRU report are Russian intelligence analysts noting that Snowden’s documents refer to a 15 February “catastrophe” due to occur based upon the US nearing a Black Eagle Trust Fund type “event horizon.”

    Though virtually unknown to the American, within two hours of the 11 September 2001 attacks, the US Securities and Exchange Commission (SEC) declared a national emergency, and for the first time in US history, invoked its emergency powers under Securities Exchange Act Section 12(k) easing regulatory restrictions for clearing and settling security trades for the next 15 days.

    These changes would allow an estimated $240 billion in covert US government securities to be cleared upon maturity without the standard regulatory controls around identification of ownership due to the quickly unfolding Black Eagle Trust Fund plot that would have most certainly destroyed the entire global economic system.

    Even more ominous, and, again, virtually unknown to the American people, is that the war the US has been waging for over a decade was, in fact, declared on 10 September 2001 when then Defense Secretary Donald Rumsfeld, testifying before the US Congress [watch video HERE], stated that he had declared war on the Pentagon itself over his discovery of over $2.3 trillion missing from their accounts and warning it was a “matter of life and death.”

    To if the Obama regime would resort to a 9/11 type false flag attack once again to protect the Western banking system, this report gravely warns, cannot be ruled out as evidence has long proven what German central bank president Ernst Welteke called “terrorism insider trading” relating to this horrific event.

    Specifically, the Chicago Board Options Exchange reported to the SEC that four days before the attack an extremely unbalanced number of trades betting United’s stock price would fall were being placed, followed one day before the attack by the US stock options market authorities reporting to the SEC that an equally extraordinary number of trades were betting that American Airlines stock price would fall too. As to who made these trades, and made tens-of-millions of dollars from them, the world will never know as the Obama regimes SEC admitted in 2010 that they had destroyed all the documents relating to them.

    This GRU report further notes that with the New York City headquarters of the SEC destroyed on 9/11 after the mysterious implosion of World Trade Center Building 7, and the equally devastating cruise missile attack on the Pentagon that destroyed its computing accounting system burying forever the information on where the missing $2.3 trillion went, this new “catastrophic event” being planned by the Obama regime within a fortnight of 15 February can be expected to be as worse, and will, most assuredly, “shake the entire world.”

    link
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Quote Posted by Nanoo Nanoo (here)
    You can also hedge on currencies that are below your local value...once they are normalized you make a ton over night.
    Could you explain this a bit further to enlighten me? I'm not familiar with what you're discussing, but I am coming into a rather large sum of money and if I can make some money with it, that would be awesome!

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Grady Means is a businessman, former assistant to Vice President Nelson Rockefeller and former economist at the U.S. Department of Health, Education and Welfare.

    Ask yourself why someone at his level of influence/power would pick a specific date like Mar 4, 2014 and publish the date in an article widely read. Mar 4, 2014 is a Tuesday following Friday, Feb 28th, the date we're supposed to run out of debt ceiling extraordinary measures in the U.S., where the following Monday is market tank day in the U.S., and Tuesday, March 4, 2014, is the first bank holiday in this scenario, to be played out of Republicans balk at passing an extension to the debt ceiling. "V" said the Friday trigger into a Monday collapse scenario would result in stocks tanking on the Monday following the trigger, followed by bank holidays on a Tuesday.

    Perhaps this is a relevant book with additional insights? http://www.goodreads.com/book/show/7...-enlightenment (I just ordered it via Amazon).

    See also http://z13.invisionfree.com/HARD_Qs/...?showtopic=156

    Surprisingly enough, this date coincides with Lindsey William's 90-day prediction from his Dec 4th interview...nutter though he may be, his insider eliteist buddy is just that - an insider eliteist. "V" shot this date down, though "V" also said at some point last year that God told him "90 days" which came and went, so no one is batting a thousand in this realm. It will be interesting to see if "V" also steps up to the plate to confirm this date; it's probably a bogus, outdated prediction...which would be par for the course.

    If you're a prepper, use the Feb 28th deadline for a debt limit increase as an excuse for a dress rehearsal during the first weekend in March, in the event that the March 4th date turns out to be correct, which should be self-evident to anyone reading this by Monday, March 3rd.

    Here is a video interview of Grady Means from ~30 years ago, suggesting that he is certainly learned enough to know how macroeconomic collapses are triggered and unfold - https://repository.library.georgetow...e/10822/552620


    Lindsey suggests that a full-blown economic collapse won't happen until the end of 2014 at the earliest...so IF something significant happens on or about March 4th, it's an event that just accelerates the process of currency devaluation. There may be bank holidays...who knows exactly when it will all go down. Current trends do not suggest that we will lose everything in the banks in the near term, but there may be bank holidays and likely partial bail-ins before the entire system collapses.

    Just use common sense and prepare accordingly. The global currency reset is NOT a full-blown economic collapse, as a currency reset is an orchestrated, coordinated event. Lindsey said a currency reset is expected to happen within the next 90 days from Dec 4, 2013, and bank holidays are not part of the currency reset. A collapse is when the entire system simply stops working altogether with nothing in place to reset the system...that's a scenario where things get REALLY ugly. Based on how Lindsey describes the global currency reset, you shouldn't notice anything out of the ordinary if you're not paying attention to the news and are isolated from those who are exposed to TV/radio news broadcasts and/or the Internet news sources.

    China and Russia are stockpiling gold as a way to maximize their assets prior to the revaluation of their respective currencies relative to the new global currency / trade note.

    We contacted Grady Means this afternoon and are awaiting a response on whether the March 4th date remains valid, at least in his mind.
    Last edited by superconsciousness; 4th February 2014 at 20:16.

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Here's the overlayed chart of 1929 and today.



    [update] You know the Dow blew through 16,000 six days ago ignoring all support, and now sits at 15,445 at today's close. The head and shoulders pattern is almost complete and one short bounce to try and recapture 16,000, which if it fails, the deep downdraft of 1929 is next, if history decides to repeat itself. What this chart does not show, is the right side of the head (the red not filled in) has already played out.
    Last edited by gripreaper; 4th February 2014 at 22:40.
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Could be just a coincidence and perhaps there's no demonology involved here, but I just came across this article today....

    Quote Debt Up $6.666 Trillion Under Obama
    The debt of the U.S. government has increased $6.666 trillion since President Barack Obama took office on Jan. 20, 2009, according to the latest numbers released by the Treasury Department.
    http://cnsnews.com/news/article/ali-...a#nationaldebt
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    TNX Chart: Specter of Rising U.S. Interest Rates

    http://www.marketoracle.co.uk/Article44124.html

    Jan 26, 2014 - 06:48 AM GMT
    By: Jim_Willie_CB

    We are at the doorstep of a major USTreasury Bond breakdown. The TNX (10-year bond yield) is at the 3.0% doorstep, as 3.5% looms very likely in the coming months. A horrible threat of a 3.7% target is presented in the chart. A rising trend is seen in many characteristics that cannot be easily dimissed. The following graphic is an extremely powerful chart, thus the center piece of the article. If and when the breakout comes, it will make the Taper Talk backfire seem rather insignificant, as a gathering storm will hit like a financial hurricane on every continent. The Jackass is on record with a forecast of 3.5%, which remains in place. One must be patient to watch it unfold, since it can take months to unfold and to manifest itself. That is far more time than the nitwits who are quick to label it a wrong forecast call. But then again they are are loud unimpressive dullards who litter the audience, taking up valuable space.

    The USDollar control room at the infested USDept Treasury and the Banker Crime Syndicate at the US Fed Reserve will defend the 3.0% level to the death. A break above 3.0% toward 3.5% would bring about at least one big bank failure, force deadly dominoes of destruction, and reveal some more London Whale-type sightings with catastrophic losses. A very reliable reversal pattern is evident, the Cup & Handle formation, which indicates a breakout lift potential 1.0% higher. In my own past experience, the reversal pattern has been correct at least 80% of the time, but the timing of the breakout is always a challenge. The timeframe could be mid to late 2014, but it will take a long time to reach the indicated target level. Notice also the strong upward bias (tilt) in the entire reversal pattern, a rare feature seen anywhere. It means not only a reversal in progress, but a powerful one almost impossible to halt, since many underlying dynamos behind the forces.

    A USDollar currency crisis eruption could send the 10-year USTreasury Bond yield past 3.5% easily, then later toward the 4.0% level in a sudden burst. My gut tells of the system and the maestros losing control. It is not just the Gold market they are losing control, but the nemesis to gold, the USTreasury Bonds. The global effect of QE to Infinity and the fake Taper Talk, or trial balloon, has spooked the entire world. The necessary hyper monetary inflation has been accepted even though actual heresy. Its direct effect has been to undermine the USDollar currency in a grand enduring debauchery chapter. Its direct effect has been to lift the cost of food and energy, which strikes at the heart of foreign government stability. Its direct effect has been to motivate foreign parties to seek and to construct alternatives to the USDollar in both trade and banking. Its direct effect has been to change the perception of the US & UK leadership as criminal elements, who exercise hegemony for predatory purposes. They wish to remain in power, or as my friend UD says to retain stealing rights, so aptly.

    Witness a strongly applied classic recession factor, designed to dampen the rate rise trend. The bank syndicate prefers to permit a recession to persist and fester, so as to cause a reduction in final demand. They have spawned a currency crisis that is responsible to fuel the rate rise. The crisis touches all major currencies, not just the USDollar. It touches all currencies related to central bank management, whereby bond monetization is sponsored or at least USTBond monetization is supported actively. The wild card is seen with an interest rate swap derivative, designed as an elaborate control mechanism. No depth will be offered here on this hidden lever that produces artificial bond demand, and even results in what the deceived masses and deceptive controllers call a bond rally in a flight to safety. The interest rate derivatives are analyzed to some degree in every Hat Trick Letter newsletter report. In late 2010 and early 2011, the bond rally was contrived and triggered by these powerful derivatives.

    Put aside the control mechanisms to intervene in the powerful interest rate derivative. The 10-year USTreasury yield looks to be heading to 3.5% in a very clear chart, as human devices cannot stop natural forces. As investor lose more faith in the invincible USFed, as they anticipate a major train wreck in the bond market, they will take off their traditional pro-Fed positions and take the opposite side of the trade in defiance. The Cup & Handle reversal pattern is among the three or four most reliable patterns in Technical Analysis. The right side handle has been taking shape since last September. Notice the rebuff by the moving average in October on the downside, then the rebuff at the 3.0% resistance line on the upside in January. Another knock of the door at 3.0% for the third time could be a charm, as more believers in the USFed weakness will join. The daily chart (not shown) has more support at the 50-day moving average (MA). The weekly chart shown above has support at the 20-week MA convincingly, as the rising TNX will come up to meet it. My forecast is for a jump in the TNX over the critical 3.0% level within a few hard fought months, with a 3.5% initial target, and a4.0% long-term target. Timing is difficult on reaching the target, especially given the extraordinary degree of corruption in all US financial markets and powerful USDept Treasury devices, not to mention all their corrupt cronies in other major central banks.

    BROKEN DERIVATIVE CONTROL ARM

    The Jackass theory is that the derivatives used to restrain the rising rates might be broken, as a direct consequence of the QE bond monetization applied for way too long. Over two years of QE programs is an obscenity, a situation replete with heresy. The combination of permanent ZIRP (zero bound rate) and QE hyper monetary inflation has broken the USTreasury Bond complex. The evidence is ample. The dumping exercise by the various major creditor nations has added incredible strain. The new device of Indirect Exchange in established trend has also added strain. With the latter practice, nations pay for gigantic projects or outsized energy bills or massive tangible asset purchases with USTBonds stored in reserves. The US bond is the amply applied currency spent, no longer horded. The USFed must offset the considerable dumped sale of bonds by creditors. They use openly visible monetary inflation, plus hidden derivative tools that has lost their unchallenged power. The system is in breakdown mode.

    The USFed must offset the absent demand at the USGovt bond auctions.
    The USFed must offset the conversion of long-term bonds to short-term bonds.
    The USFed must offset the new pattern of Indirect Exchange on large scale deals.
    The USFed must offset the rising awareness that the COMEX is an empty mart with almost no gold in inventory, at a time when the GLD Fund has been raided of 35% of its gold bars by elite parasites, making victims of their incredibly stupid investors.
    The USFed must offset the preparation of the Gold Trade Settlement as the BRICS Bank converts to Gold Bullion to create the gold central bank repository.
    The USFed must offset the rising non-USD trade that employs intermediaries.
    The USFed must offset the growing perception that the USTBond has become toxic paper, while the central bank franchise system has failed on the open stage.
    Expect the derivative brake pedal to be applied for heavy pressure in restraint, motivated to save the entire system, the fiat paper system. It is based on faith, a commodity badly lost, soon totally lost. The syndicate in power wishes to first preserve their privilege to print themselves $trillions in grants, but second to avoid a hanging, or worse, to avoid a public spectacle of Nuremberg Banker Trials. The powerful restraint mechanisms might still have some gusto left, but my suspicion is that their tools and levers are broken. Since the London Whale sighting in June 2012, the Jackass has become highly suspicious of the interest rate derivative mechanism. My deep suspicion is that it has been critically damaged, and lost some (not all) of its power.

    The effect of the sequence of events is unclear on the derivative potency as a brake mechanism on rising rates. The secure income stream of the IRS tax funds might be diverted from usage in the control rooms that manage derivatives in key ways, making the device much weaker. The Chinese might have seized control of the income stream in a different derivative default, resulting in the loss of the JPMorguen HQ property complex. Two defaults are being manifested, both the USGovt debt default and the hidden JPM derivative made obvious by the sale of the Manhattan headquarters for half price. The Jackass smelled a collateral seizure amidst a large contract default. Imagine the biggest and most prestigious US bank, closely aligned with the USFed, doing the USDept Treasury bidding, managing the Interest Rate Swaps at the CIO offices, selling out to the Chinese, and the US public does not wonder what is going on. The depth of ignorance is indescribable and astonishingly unimpressive.

    The Chinese control the old JPM gold vaults, connected to the USFed. The United States is gradually to be transformed into a Chinese industrial colony, with control over Wall Street taking shape. The hints for the transition are evident in the captain log on the derivatives page. The reality of the Chinese buying the USFed at the termination of its 100-year contract seems to be coming into view. The Jackass has converted into the belief that JPMorgan is busy acting as procurement agent for the Chinese, to acquire as much Gold bullion at the lowest possible price for the longest duration allowed. The big conflict will come when the Chinese no longer are able to convert their USD ****paper into Gold bullion. Only then will Beijing light the fuse, or dump on a mass scale, or introduce the Gold Trade platform, or pull the rug out from the USD, or all the above.

    FIVE POWERFUL FORCES

    The overriding global message is that Russia & China are leading a movement across the entire East to de-throne the King Dollar, and to work toward alternative trade settlement. Russia & China are at an advanced stage to replace the USDollar in its key role as trade settlement medium and global reserve currency within banking structures. While the New York banks are using heroin packed bricks in overnight settlement in shadowy chambers, the Eastern nations are using actual gold bricks on an increasing basis in well lit chambers. A Global Paradigm Shift is in progress. The arrival of the Gold Trade Settlement is well along. The hints are the Iran Petro-Gold phenomenon, which is detailed in the January Hat Trick Letter. Other hints of a broken USTreasury Bond market are the outsized dumping of USTBonds in the Indirect Exchange channel, the buyer strike at new USTreasury auctions, the raking in of 90% of the USGovt debt issuance by the USFed itself, and the obscene abuse of Reverse REPOS by the USFed (which the stooge dullard simpleton public cannot possible comprehend). The Reverse REPO is hidden QE by another name. Other hidden QE is being helped along by the Euro Central Bank, using the Brussels office that is visible from the TIC window. The usual Caribbean office is not used as much as in the past, probably because heavy volume cannot easily be concealed. They are moving more drug money lately than USFed or Bank of England funds. More details are seen in the Hat Trick Letter.

    Downward pressure in the TNX will be seen in the poor economic results and application of the interest rate derivative machinery. Upward pressure in the TNX will be seen from the global USD/USTBond rejection and recognition of the USFed Taper Talk falsehood deception (head fake). The USFed is on course to lose all remaining credibility. Their prestige vanished with the introduction of the Quantitative Easing against the ZIRP zero bound rates, now into their third and fourth years. Five key important points dominate the global landscape like a gigantic billboard.

    QE to Infinity is being recognized, the Taper Talk widely seen as a ruse and propaganda to defend the broken USDollar, another turn in the road.
    The Geneva Iran Talks can be better described as the Petro-Dollar Surrender Talks, another turn in the road.
    The Boyz might misjudge that the derivatives can prevent a powerful breakout above the critical 3.0% and toward the initial 3.5% target, as the London Whale incident was a turn in the road.
    The Indirect Exchange seen in broad USTBond dumping is a new dangerous disruptive trend, the Rosneft buyout of the BP oil stake another turn in the road.
    The pension and bond funds as well as insurance sector demand higher bond yields for carry income, a breakdown coming.
    Market dynamics are out the window on a slowing USEconomy working to dampen rates. Look for higher rates even though economic growth data is lousy. Crisis times have returned, just like in summer 2008. A currency crisis is in powerful early stages, an extension of the enduring Global Financial Crisis that bank leaders had no desire in quelling for over five years running. The derivatives appear broken at a time when foreigners are seriously dumping USTreasury Bonds and the King Dollar is being dethroned on the global stage. A new alternative trade settlement system has two superpower sponsors in China & Russia. They will not be deterred. The Petro-Dollar is being dismantled, and an alternative system is being constructed.

    A quick update on derivative volume data from the Office of Comptroller to the Currency. The latest report indicates a moderate $10.4 trillion in OTC swaps added from 2Q2013 to 3Q2013, for which interest rate derivatives dominate. The new OTC Swaps in were somewhat evenly spread among the five largest players: JPMorgan, Citibank, Bank of America, Goldman Sachs, and Morgan Stanley. Back in the second half of 2010, the main bank to carry the OTC Swap water pails was Morgan Stanley. The Q2 placement of IRSwap contracts last spring slowed the rise in the USTreasury Bond yields. Expect the Q3 and Q4 data to show more of the same artificial demand interventions.

    THE DATA DECEPTIONS

    Belgium increased its USTreasury holdings by $72 billion in a single year. The near 50% increase is more than the Japanese rise. Witness the new QE to Infinity back door window for hidden bond monetization. The slush fund is operated by the Euro Central Bank, which has offices in Brussels. The QE volume is far more than reported, with numerous alternative doorways seen. The global stage has new prominent players. The BRICS nations hold a huge block of USTreasury bonds collectively, led clearly by China. The pile of toxic paper can be used to gain advantage, earn sway in policy, coerce decisions, and pave the way for industrial colonization. The pile can conduct an open door America policy in reverse, from which to build industrial parks, and to funnel in large tranches of money. The creditor calls the shots, but must endure abuse and hidden terrorist devices. Outflows have intensified at domestic US bond mutual funds. An exodus is underway, as risk is not properly rewarded. A major blowup in the insurance sector is overdue, from inadequate carry income to finance routine payouts.

    GOLD REIGN & GOLD RAIN

    It is late to enter the gold investment refuge, but never too late. The $400 to $500 per ounce discount offered by virtue of the 2013 gold market corruption, interventions, and propaganda affords an opportunity to those late entering the gold train with silver railcars. The USEconomy is running over the cliff, stuck in Never Never Land recently described in Reich Finance terms as the Non-Recovery Recovery. The advent of the Gold Trade Settlement system with its Gold Trade Note letters of credit, and strong Turkish bank intermediary role amidst the new Petro-Yuan standard with Russian supply support, along with the sturdy Gazprom and Iran Pipelines will make for a guaranteed rise to the $5000 gold level and $200 silver level. Gold will reign supreme again.

    The future of gold is assured, to be made crystal clear when the non-linear events unfold as part of the Global Currency Reset. It is better called, more accurately called, the Return of the Gold Standard via Trade. It will turn the Western bankers and their tarnished financial markets upside down. It will isolate their big insolvent banks as tall hollow reeds, sure to topple. It will introduce peer-to-peer payment systems that avoid the banks and the SWIFT weapons. For the naysayers, dim bulbs, and utter morons who dismissed many other correct forecasts, get back to me in a few years when the sunken bank vessels and collapsed market stages are part of past history, a shameful history. Let it be known that when this chapter is written by the new victors, the Iran Sanctions will be regarded as the greatest folly by the USGovt to turn the Gold Wars around, to assure an Eastern triumph. The sanctions served as motivation to construct the gold trade mechanisms in bypass. Soon the bypass systems will become the model of trade. The United States can join as a second citizen, since impoverished by a generation of predators and corruption and unsound money. If not, the US will fall into the De-Industrialized Third World. Out of the shadows, it will rain gold in trade again.

    THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.

    From subscribers and readers:

    At least 30 recently on correct forecasts regarding the bailout parade, numerous nationalization deals such as for Fannie Mae and the grand Mortgage Rescue.

    "Jim Willie is a gift to our age who is the only clear voice sounding the alarm of the extreme financial crisis facing the Western nations. He has unique skills of unbiased analysis with synthesis of information from his valuable sources. Since 2007, he has made over 17 correct forecast calls, each at least a year ahead of time. If you read his work or listen to his interviews, you will see what has been happening, know what to expect, and know what to do."

    (Charles in New Mexico)

    "I commend the Jackass for being the most accurate of all newsletter writers. Others called for the big move in Gold right away, but you understand that the enormous fraud in the system needs to play out before free market forces can begin to assert themselves. You seem to have the best sources and insights into the soap opera that is our global financial system. Most importantly, you have advised readers to be patient, stay safe, and avoid mining shares like the plague. Calling the top in the USTreasury Bond (10-yr yield at 1.4% yield) stands out as a recent fine accomplishment. The Jackass understands the markets, understands the fraud, and also has the sources to keep him the most up-to-date on the big geopolitical and financial events and scandals. Few or no other writers have all three of these resources."

    (Austin in California)

    "A Paradigm change is occurring for sure. Your reports and analysis are historic documents, allowing future generations to have an accurate account of what and why things went wrong so badly. There is no other written account that strings things along on the timeline, as your writings do. I share them with a handful of incredibly influential people whose decisions are greatly impacted by having the information in the Jackass format. The system is coming apart on such a mega scale that it is difficult to wrap one's head around where all this will end. But then, the universe strives for equilibrium and all will eventually balance out."

    (The Voice, a European gold trader source)
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    I can never tell the difference between listening to Lindsey Williams and watching one of those 24 Hour TV marketing channels trying to sell you a unique limited edition set of kitchen mixing bowls.

    "There is going to be a currency devaluation, and I will almost tell you the date in just a few moments. Just before I do that, have a look at this supreme chrome plated coffee grinder. Now you cannot get this at any store, any online merchant, any magazine supplier. The number is flashing up on screen now. I want you to write down that number"...

    Bitcoin folks !!!!

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    United States Avalon Member cursichella1's Avatar
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    [QUOTE=Paul;793120]The key thing to notice in this article is that it was published in a main stream US newspaper over a year ago, and that it calls out a specific date about when the world economic crash will become evident.

    On October 25, 2012, Grady Means, a former assistant to Vice President Nelson Rockefeller (of the infamous Rockefeller family), authored the following article in the Washington Post.

    Means anticipates that the world economic crash will be long and ugly, affecting most nations. The US will no longer be able to afford to import much. China will lose their biggest customer. Russia will have fewer customers for their gas and oil. And down the line it goes ... the backbone of the world economy since World War II, the US Dollar, will no longer hold its value.

    =================
    Those wild and crazy Mayans put down their marker that the end of the world would occur on Dec. 21, 2012 — about two months from now. There is, of course, some small chance that they might be right. On the other hand, there is a very large probability that the real end of the world will occur around March 4, 2014.

    The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our lifetimes.

    Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest.

    Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion.

    The problem is not Medicare, which won’t quit on us for another six or seven years. Nor is it Social Security, which will not be fully bankrupt for another 15 years or so. The crisis is much more immediate and much more serious.

    The central problem is that America is the bank of the world. What this means, simply, is that the dollar is the world’s currency (often termed the “reserve currency”).

    Throughout the world, nearly all traded goods, oil, major commodities, real estate, etc., are denominated in dollars.

    The world needs dollars, and the U.S. provides them and provides confidence that the dollar is the “safest” currency in the world. Countries get dollars by trading with us on attractive terms, which enables Americans to live very well.

    Countries support this system and cover their risk by investing in dollars through T-bill auctions and other mechanisms, which enables us to run budget deficits — up to a point.

    The central issue is confidence in America, and the world is losing confidence quickly.

    At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments.

    Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball.

    At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket.

    The rest of the world will fully crash along with us. Europe will continue to decline, and the euro will not replace the dollar. Russia will see a collapse in oil prices as market demand softens, and Russia will collapse along with it.

    China will find nowhere to export and also will collapse. The Russian and Chinese governments, which see all this coming and have been stockpiling gold to hedge against such a dollar collapse, will find that you cannot eat gold.

    There will be uprisings — think of the streets in Spain and Greece today — everywhere. Technological advances that traditionally drive productivity increases and economic growth will not be able to keep up with this collapse.

    When might this all happen? Paul Volker indicates we might face a mess like this in the next year and a half.

    David Walker, former U.S. comptroller, i.e., the former chief accountant of the U.S. government, has suggested similar time frames for economic catastrophe.

    Most agree that the budget sequestration approach won’t work from either economic or political perspectives, and mindless across-the-board cuts in spending will only exacerbate a mess.

    The Federal Reserve’s third round of quantitative easing, in which we print money to buy our own bonds in order to goose economic and employment numbers, means we are floating our own debt, a good formula for sudden hyperinflation.

    The next president will have about six months to fix this problem before it is too late. He must be fully prepared, able and willing to work with Congress and move quickly and decisively.

    During the election, the most important question to ask is, who understands all this and is prepared to prevent it? Everything else is noise.
    =================

    When Grady Means speaks of the "next president", keep in mind that he wrote this before the Obama was re-elected in the November 2012 US Presidential elections, so he did not know whether Barrack Obama or Mitt Romney would win the election (or if he did know, he wasn't saying.)

    The original article can be found on-line at U.S. economy on schedule to crash March 4, 2014.[/QUOT
    Not that I doubt this is a possibility, but I cant find any info on Grady except for (google) results linking to the same article and some Amazon books (all sold 8 copies). Not that wikipedia is The Source, but he doesn't show there, either. Could this be another nugget for us to find to either cause fear or to separate misbehaving Americana from the obedient zombies?
    cursichella1

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  25. Link to Post #14
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    I don't believe any and all of this hype. We've been down this well paved road too many times and I for one will exit stage left.
    "AMOR", Familia!


    Seek "KNOWLEDGE" from Cradle to the Grave!!! quote, Dr. Malachi Z. York

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  27. Link to Post #15
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    Default Re: U.S. economy on schedule to crash March 4, 2014

    I have been pretty much "the sky is falling" type of guy for the past few years but one of the key indicators I follow is saying something different. Each day the US treasury issues a report the states the total amount of income received in the US treasury that day and breaks it down into specific areas. The area that cannot be fudged is the line item "Withheld Income and Employment Taxes" paid by every employer in the US within 1-3 days of issuing payroll checks.

    Here is the page for yesterday, February, 3, 2014, with a Record Withholding for a single day.



    Not only this but the year to day witholding are up almost 10% compared to the same timeframe last year.

    During the recession the withholdings were down compared to the year before by up to 20%. For the past two year this number is steadily increasing, so the government has more money coming in.

    You can follow this chart on this website: http://www.dailyjobsupdate.com/
    Last edited by AlaBil; 5th February 2014 at 03:12.

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Good video here (contains some strong language).

    "The supreme being is looking from behind every eyes and this is not debatable for me." - Mooji

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Most have forgotten all the bank CEO's that resigned not long ago , they know something ...
    FOLLOW YOUR HEART, AND YOU'LL FIND YOUR WAY ... Raiding the Matrix , One Mind at a Time ...

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    Im not going to give advice but ill tell you what i would do


    1 Keep your money under your bed
    2 Get out of debt
    3 Secure accomodation out of major cities
    4 Buy things that will be valuable or useful like tools and a generator.

    invest a portion in gold and silver , take physical hold , not bonds.

    and IF the world currencies are levelled then purchasing a currency that is below yours when levelled will buy back the difference as your profit.

    and if it dosent then just swap it back

    N

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    I am starting to embrace more and more the notion that we will not see a sudden collapse any time soon. The objective has always been the complete annihilation of the dollar, but we needn't a violent crash to achieve this. A steady 10% debasement per year is just enough to press the screws to the global financial system without breaking it. The service on the debt the US incurs today will be paid/printed in a decade from now for pennies on the dollar, and just enough to keep the system limping and in tact. In the meantime, the national debt will continue to grow. The military industrial complex will continue to coerce the rest of the world with means both covert and overt to pump up the dollar, if necessary, just enough to support its steady 10% yearly debasement. If/when the rest of the world flips the US the bird by dumping the dollar, we would then see the type of collapse described in this article, but before that were to happen we would likely see the outbreak of WWIII first. In my humble opinion, global war is more likely than a sudden dollar collapse. The banking cabal would orchestrate the conflict and further consolidate and centralize its global government in the aftermath. The phoenix from the ashes would be a new Bretton Woods deal and some type of new global reserve currency.

    In short, we are already collapsing in slow motion, which allows we serfs to adapt the best we can as the perpetrators of this scheme continue to plunder all our wealth.
    Last edited by T Smith; 20th February 2014 at 19:46.

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    Default Re: U.S. economy on schedule to crash March 4, 2014

    My father is a financial analyst and we were having this very same conversation over dinner last night. He thinks the economy is due to drop (possibly taking out the low of '08/'09) sometime this year also. The Fed has been artificially propping things up for far too long thereby not allowing the market to properly correct itself. Bernie has been playing games for far too long....and it's coming time to pay the piper. Anyone who is currently invested in US stocks will be running a huuuuge risk. I'm completely in cash at the moment with a little bit in gold and silver. Once the ball drops....then it's time to pounce.

    Dave - Toronto

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