Economy
The Jig is Up with Jim Willie
from Perpetual Assets:
Overview:
QE is a Ruse That Guarantees Global Rejection of USDollar
– undermine to national banking reserve systems (national savings)
– hyper monetary inflation impossible to justify (unless severely stupid)
– deep lies surround the volume, the connection to the financial control rig offices
– Western CB franchise system has no more credibility
– duration of QE was a lie
– threat of bail-in against backdrop of negative interest rate has wrecked CB credd
Coming Isolation of US
– war, sanctions, collateral seizures, bail-in threats,
– poorly crafted trade pacts
– full generation of hegemony with finance, military (not so much commerce)
– backfire of outsourcing effects, when Emerging Markets have savings
– backfire of political heavy handed manner with global offices (IMF, WB, SWIFT)
– resentment over wars and sanctions
– whatever the USGovt touches turns to shiitte
Strategic Importance of Greece & Turkey
– control of Bosporus Straits for Russian Naval Fleet
– military base potential in Eastern Med Sea
– access to port facilities and shipping companies
– undermine of EU debt strangle with asset seizures
– drawn into Eurasian Trade Zone (officially called Eurasian Economic Union)
– Turkey as NATO airbase and narco distribution route node
– shift from Ukraine to the two nations on Gazprom pipeline network node
– Greece & Turkey as twin crowbars to divide Europe, after Ukraine made initial split
RMB Hubs & The London-Frankfurt Axis
– undermine of global USD standard in trade settlement (no more)
– advances concept of Yuan Swap Facility for bilateral trade
– London and Frankfurt are in the two hearts of European financial centers
– toeholds for all the non-USD platforms (like Asian Infrastructure Investment Bank)
– lost control of West in finance terms, the stronghold
– even Canada with Vancouver & Toronto, now recently Los Angeles (ICBC Bank)
Gold Trade Note
– it is the Letter of Credit to come into view
– beginning of barter, first
– but introduction of Gold in trade settlement, more important
– root system for Gold Trade Settlement
– later come realization of USTreasury Bond not needed in banking reserve systems
– Gold Standard to arrive on trade ramps, then banking systems, finally currencys
– BRICS Gold Central Bank will be morphed from the New Development Bank
