2014 will mark the beginning of the years of many sorrows,
the opening act having been the crashes of Bear Stearns and Lehman Brothers
starting in early 2008 – neither of which was an “accident.” The following
analysis is based upon information provided by Jim Willie in a recent interview
with Turd Furgeson to which we add our own interpretations for good measure.
USA
We have already given our own warnings about the US which is
a kleptocracy running on borrowed fumes. The Rockefeller Nazis and Bush Crime
Syndicate have plundered the USA for its wealth and gold, and have safely
absconded with it to offshore locations. But the carnage is only starting.
The economy will spiral out of control as quantitative
easing is exposed for the fraud that it is. The wholesale debasement of the
currency which was used to continue lavish bonuses to criminal banksters and
bail outs of their incompetent, Ralph Kramden inspired investing schemes will
catch up with the currency in even larger inflation than we have seen to date.
Just as Belshazzar was partying like a wild dog on the night he lost his life
to General Gobryas’ invading armies, so Americans and their Nazi leaders smugly
denounce any threat to their security and prosperity. But the joke is on them.
The US deficit has doubled under the watch of Rockefeller
Manchurian Candidate Barack Obama, who promised very early in his administration
that we would have trillion dollar deficits as far as the eye can see – and he
was only speaking of the visible current year operating deficit. The other
deficits would simply be repudiated.
This deliberate destruction of the currency to satisfy the
Wall Street banksters was partially required by the mechanics of debt based
currency. Debt based currency requires ever greater inputs of currency – hence debt
- in order to keep from imploding – it is a Ponzi scheme on steroids. After 80
years, the capital base of America has finally been eviscerated to the point
where deficits must be accelerated. You can safely ignore the gibberish about
Taper Talk. It’s another lie of the US Fed.
On this point of inflation vs deflation, there is some reasonable disagreement. Professor Antal Fekete has argued that deflation is the pre-eminent threat, as 33 years of declining interest rates have depleted capital stocks, especially those of the banks. Indeed both Willie and Fekete would agree that the banks are insolvent zombies.
But we know from John Williams' work that inflation is much higher than the government calculates, so inflation is indeed a prominent threat. Fekete may prevail in that it is not hyperinflationary, but no one will deny the destruction of capital we have seen in this country as huge chunks of manufacturing have been moved offshores, resulting in chronic intractable unemployment, all of which is due to structural intangible capital destruction.
Middle East
Recently – within the last 1-2 years – the Chinese navy
completely fried the entire electronics system on a US destroyer on patrol in the
Indian Ocean. That destroyer is now in the Virginia naval yards being scrapped.
The point is that Chinese military strength has reached parity or superiority
over the US – and the Chinese are not spending 45% of the world’s military
expenditures to accomplish that technical feat.
This development is not to justify a new arms race, but
rather a strategic withdrawal as the American Imperium is overstretched and
bankrupt on its corpulent lusts. This defeat of the US Navy in the Indian Ocean
accompanies its defeat in the Middle East where Russia’s Vladimir Putin
administered the US the biggest asswhooping since Viet Nam. Few recognize the
strategic defeat of the US, but it was a geopolitical earthquake which signals
the arrival of new overlords in the Middle East – Russia and China - who are
friends again on the basis of the enemy of my enemy is my friend.
The supreme arrogance of the Bush Crime Syndicate’s seminal
Project for a New American Century had some early successes but is completely
in ruins as Egypt and Syria demonstrate. The Saudis supposedly instigated
American action against the Syrians, but we aren’t buying it. The US was acting
on the Neocons’ (BCS) PNAC document created no later than the 1980s.
Willie believes that the US will tilt toward Iran, but that
won’t go over any better than lice at a Ms Clairol hair styling event. The US
has tortured Iran, the latest episode being economic sanctions – in collusion
with its mullah’s we might add – and they are not going to forgive and forget
so easily.
Indeed the reason for the attacks on Iran has nothing to do
with nuclear weapons, which US officials have repeatedly acknowledged as
non-threatening. The fear of the Iranian military is predicated upon as sound a
reason as the fear of the Vietnamese in the 1960s - it was all a hoax by the
leaders of the Military Industrial Complex to justify war, murder, and mayhem
for Wall Street’s benefit.
The real reason for the attacks was Iranian acceptance of
gold for payment of oil, bypassing the aging petrodollar arrangement facilitated
by Nazi Henry Kissinger in the 1970s. However, with the arrival of Russian and
Chinese military installations in the Middle East, the petrodollar will give
way to the petroyuan.
The only asset propping up the US dollar is the US military,
which the US trots out any time a nation, most recently South Korea, utters any
interest in diversifying its portfolio out of the US dollar. But the stampede
has started, with even the British establishing a Yuan swap facility with the
Chinese. The sun is indeed setting on the American empire.
Finally, the US was repudiated in the Ukraine when Neocon
hack John McCain stepped forth to support the repressive Ukrainian government
under pressure from its people to resign. Again, the US was outwitted by
billionaire criminal Putin. But US policy is run by rank amateurs beholden to
the trivial Rockefeller Nazi interests.
The Sino-American war in Africa continues to rage, with the
US sending in its proxy forces from France to aid the losing cause. That war
will end no more favorably than the others.
Gold
We have reported the emptying of Fort Knox – the world’s
largest store of nerve gas, but now insiders, such as Andrew Maguire, report
empty London vaults with massive tonnage of gold shipped east to China where
the story is rather complicated.
It turns out that the US defaulted on derivative obligations
to secure the Chinese gold pledged in a quid pro quo to grant China Most
Favored Nation status. The US granted the repressive corrupt communist regime
this privilege because the Chinese put up gold collateral for the deal. The US
stole the gold – it is gone, and then it defaulted on the securities payments,
leaving the Chinese quite perturbed and short changed.
To pay for it, the US forced the British and Swiss to steal
gold from allocated accounts, melt it, and recast for shipment to China. ETF
accounts, private gold accounts, and companies with custodial accounts such as
MF Global, have all been raided to pay off the Chinese. And lawsuits are flying
like fur in a wild cat fight in Switzerland.
The African invasions are all about gold and rare earths, as the invasion of Iraq in 2003 was all about oil and heroin.
US banksters have been skimming a lot of gold, stealing
enormous tonnage during the Clinton administration, but the bulk of gold has
gone east where both the Russians and Chinese have at least 15,000 tons each!
He who owns the gold makes the rules.
Although 2013 saw an incredible decimation of the price of
gold, 2014 will see the exact opposite and then some. Its price will recover
while the stock market flattens or declines. COMEX is dead. It has not
delivered any gold in 6 or so months. It is nothing more than a pricing
committee to fleece people of their gold.
Indeed the paper price of gold does not reflect its production costs. Consequently, more gold production is going dark, shrinking already tight supplies. With almost no gold in the West, we cannot fathom any scenario where gold would fail to increase in price in 2014.
Given the huge drainage of gold from the US, we have serious
doubts about the gold content of US Mint gold products. Independent assayers
overseas and domestically should assay the fineness of US gold, especially
since the US disbursed an enormous amount of gold plated tungsten during the
Clinton years, and we suspect subsequently as well.
Americans will begin to suffer acute privations in 2014 and
should not expect any relief from the bankrupt and criminal US government. US
unemployment is dropping because of statistical phenomena – not because of any
hiring or economic improvements.
The first salvo will come with the bifurcation of the USD
into 2 currencies. The domestic dollar will be devalued 60-80% just like banana
republic currencies, and the foreign held dollars will continue as is. We
expect to see the announcement in 4th quarter of 2014 or so.
The implication is that imported goods will skyrocket in
price. Gasoline will be at least 10 USD per gallon. And since oil is a huge
part of agriculture, food prices will double or triple as well. These price
changes will force devaluations in houses and cars as demand will fall due to
higher operating costs.
If you are puerile enough to believe that shale oil will
bail out the US, a village might be missing its idiot.
And what about Deutsche
Bank?
We previously reported Willie’s prognostications about
Deutsche Bank, one of a group of 4 international powerhouse banks which sold
German gold down the river for a pittance, but whose most egregious crime was
falsifying data allowing unqualified European countries to join the European
Union. The Maastricht Treaty required that certain debt ratios be met, and when
it was not possible, DB lied about the numbers.
Willie remains adamant that DB is going under. This means a
ripple effect from Bonn to London to New York City and beyond. We reported on
the US government’s preparation by testing bail-ins which will arrive with
force in 2014. Bail-ins will be applied to everyone – not just the large
account holders. In fact, if the past is any indication, wealthy account
holders will not suffer any losses. Only those at the 95 percentile and lower level will
suffer confiscations.
But the ripple effects resulting in US bail-ins is only part
of the story. The entire fraudulent house of cards, which is US banking, will
collapse in controlled demolitions like which the Bush Crime Syndicate used to
destroy the WTC. The problem is interest rate swaps which are currently
destroying JPMorgan Chase. The London Whale Trade continues to eat billions of
dollars annually, but with the collapse of DB triggering trillions in
derivatives claims, DB will be only one of many banks to suffer meltdown.
This most interesting collapse has already begun as
witnessed by the fire sale of One Chase Plaza to the Chinese. How is it that
the primest of prime New York City real estate is sold to the Chinese
government for over half off in what is supposed to be a robust real estate
market? Don’t the talking turds on MSNBC, CNBC, and other newsfaking organizations
remind us daily of the lush prosperity America is wallowing in due to the
virtuoso performance of its economic wizards?
The reason for the giveaway by the traitors of Wall Street
is that Chase has a vault right next to the New York Fed’s 9 stories
underground as reported by Zero Hedge. This makes it very opaque to send the
Chinese more gold – whatever is left of it and it is very puny – and more
money. In other words, the Chinese control the US Fed and by extension the US
government.
But how can this be, you ask? One narrative is that the
Chinese are enemies of the US, and we would agree that there is no love lost.
But the real source of the takeover is the Bush Crime Syndicate and Rockefeller
Nazis. Remember that David Rockefeller denounced the US Constitution in his
autobiography and everyone continued to make stupid jokes about tin hats. But
the destruction of the US as a functioning independent power is required to
elevate the plutocrats to ultimate power in a one world government where the
poor 1% have spheres of influence but who in turn report to the .1% Rockefeller
and Bush level Nazi scum.
In short, the Chinese are a tool to achieve the ultimate
Nazification of the world. As such, we expect to see the dismantling of the US,
starting with Alaska and Hawaii, begin within a year or so.
You see, it is one thing to own all the golden eggs, but
quite another to own their goose. In a world of declining economic prospects,
gold increases in relative value, but a viable company is a series of future cash
streams which will handily outperform gold.
We hope our predictions – with heavy input from James Willie’s
public commentary – are wrong, but beware of handwriting on walls.
Reference
Roasting Jackass on an Open Fire, Turd Ferguson, December 24, 2013, accessed 12/25/2013 www.tfmetalsreport.com
Copyright 2013 Tony Bonn. All rights reserved.
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