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Jim Willie: Financial Collapse and Geopolitical Chess Moves
TND Podcast Spotlight: Wake Up And Live
Great interview with Dr. Jim Willie, Editor of the Hat Trick Letter that can be found on www.GoldenJackass.com
Topics:
1) Lost US leadership globally, with Petro-$ gone and USMilitary retreat
– numerous hidden consequences to the dismantled Petro-Dollar Standard
– rising USD exchange rate (not from strong economy) has slammed a few areas
– US energy sector in absolute wrecked tatters (bankruptcies, debt defaults)
– US export trade in standstill (empty Calif shipping containers)
– assaults on Wall St bank balance sheets, with derivative losses (covered by Hidden QE)
– led to Russian Military inclusion in northern Middle East front
– Russia saw threat to Tartus Naval Base, to Turkey and Bosporus entry, to Russia front
– duplicity of the ISIS/ISIL entire movement and position by USGovt
– growing retreat has deeper military superiority issues at work (Russian spot items)
2) RMB international seeding and spread with Hub Centers, trade settlement, and soon oil sales
– London strives with ambition to be major European RMB hub for connection to China
– London has ambition to be major link to China for massive trade deals
– competition with France, Germany, Switzerland on RMB hub centers
– delay for IMF Special Draw Rights inclusion seems orchestrated
– IMF inclusion means perhaps $1 trillion in estimated RMB bonds in Western bank systems
– cross border trade rising noticeably in RMB settlement (still rather minor)
– fast rising RMB settlement in gold trade
– big BIG item upcoming is Gulf Emirate oil sales in RMB terms
– strategic meetings between Saudis and Russia at Kremlin with Putin
– negotiating Saudi role vis-a-vis ISIS, and probably RMB sales with Russia price setting
– major changes coming to Saudi, either play ball with Kremlin or swept out in palace coup
– Russian trade zones avoid USD in payments, likely to use more RMB
– CIPS payment system set running, to be expanded, rivals SWIFT (pushed aside for abuses)
3) USTreasury Bond cracks covered by (not so hidden) $1 trillion in monthly QE volume
– ongoing USTBond market fractures and collapse in ultra slow motion
– maybe negative interest rates far more widely, even on Fed Funds
– negative flirt on REPO rate and Dollar Swap rate
– major new item is Reverse REPO gigantic volume, Fails Deliver TBonds gigantic volume
– $40 billion in daily Fail volume means $1 trillion per month in Hidden QE by USFed
– flow is confirmed, but purpose is not (suspect Wall St bank oil hedges and Petro-$ derivs)
– Belgium EuroClear identified as Chinese (BRICS too) weigh station for TBond dumping
– notice $250bn in Chinese dumped TBonds in July, Aug, Sept but TNX calm near 2.0%
– USTreasury Bond market under full control, emergency war room condition
4) Key swing nations in Britain, Germany, Turkey, Saudi Arabia
– geopolitical stage at risk of important tipping points
– Britain might make key decisions against USD in order to court RMB trade
– Germany might make key moves to further Frankfurt RMB Hub
– could it be that Germany will undermine Russian Sanctions via further RMB moves?
– Turkey has upcoming elections in early November
– word is tilt East even if Erdogan wins, but much faster tilt if loses
– risk of Turkish Military coup present and strong
– Turkey is important in two ways: Bosporus control, Turk Stream in Gazprom pipeline
– Saudis are in state of flux, royal challenges as King Salman is out with senile dementia
– Mohammed bin Salman (MbS) is in charge, cutting deals with Putin in Russia
– war in Yemen going badly, another proxy war with Iran
– Saudi important in numerous ways: turns Emirates RMB, end of Petro-$, oil exhausted
Closing track by Latter Rain – “Jesus Is The Cure” (1976)
Source: Paul Sandhu YouTube Channel
Source: http://thenewsdoctors.com/jim-willie-financial-collapse-and-geopolitical-chess-moves-2/
