| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Dr. Jim Willie and Peter Schiff: The Morgue Is Next Stop for U.S. Economy
In the following video, Peter Schiff reviews this past month’s jobs report, what it means for the markets, and more importantly what it means for gold and silver. For anyone who has been paying attention to the job numbers as of late, after the last month’s abysmal job report, the overall consensus was that last month was a fluke, rather than a new trend, and this month was expected to be around 180,000 jobs.
As it turns out, the most recent jobs report shattered expectations. The market was expecting 180,000 jobs, and as Peter reports, over 287,000 jobs were created, which actually turned out to be 30,000 jobs higher than even the most optimistic estimates were forecasting.
As you might expect, Peter explains that the strong job numbers signaled a market rally, which initially caused both gold and silver to fall off their recent highs. What’s laughable, is when Peter gets into talking about how people were already speculating that the strong job numbers might signal a Fed rate hike, which would signal a sharp drop in the price of gold and silver.
Unlike in the past, nobody is falling for the Fed’s bluff about raising rates, because the 2016 election is right around the corner and the economy is WAY too fragile. Arguably the best indication that traders have no fear of a Fed rate hike, was the fact that after they dipped, both gold and silver rallied to new highs, despite the positive job numbers.
As always, Peter Schiff remains very bullish on gold and silver, and the report below from the one and only Dr. Jim Willie after the video shares Peter’s sentiments.
SUBSCRIBE TO THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE
FOR MORE NEWS BY VOICE OF REASON CLICK HERE!
Dr. Jim Willie, of the Golden Jackass writes:
The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $300 per ounce. In reaching these levels, the ratio will return to the 30-1 range.
The ruling bankers realize no remedy is possible. They are just trying to steal as many assets and accumulate as much gold as possible before the main bust event.
Several important factors work in a powerful manner to debilitate, to distort, and to wreck the global financial and economic system. It is long past the point of effective remedy. After the Lehman kill event, every conceivable wrong move and policy was made and implemented. The investment in the corrupt elements has been so profound in the last several years, as to make remedy impossible. The official policies have been so errant and heretical, as to make remedy impossible. The distortions with the broken elements have been so dedicated in service to the ruling banker class, as to make remedy impossible.
The degree of destruction has been so comprehensive and complete from desperate measures taken to preserve the system, as to make remedy impossible. The only working goal and objective for the ruling banker class is to prolong the inevitable death event, the collapse, the breakdown assured to cause a powerful sequence of events where the financial and economic system is seen as totally wrecked by even the naïve and ignorant unwashed masses. The ruling bankers realize no remedy is possible. They are just trying to steal as many assets and accumulate as much gold as possible before the main bust event.
By ruling banker class is meant the central bankers who control the critical government offices in the United States and its primary allied states, who assign their henchmen in significant ministry posts and regulatory bodies, and who issue orders to the puppet generals who wage war to obstruct the Eurasian Trade Zone and to disrupt foreign nations as policy. We are witnessing the climax conclusion of failure for the Fascist Business Model which arrived on center stage following the Inside Job of 9/11. The event crystallized the move into power for the NeoCon fascists who favor big bank fraud, who pervert the legislative process, who conclude false cause for war in numerous venues. They have destroyed everything they touch, in every arena they are involved in. Their consistent trait is failure.
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
SYSTEMIC KILL FACTORS
The destructive factors which have destroyed the global financial and economic system include the following:
USFed monetary policy, which is basically African hyper monetary inflation given the big bank blessing since it provides them with free money with which to fund their bond carry trade, and with which to power their derivative machinery that produces artificial demand for USTreasury Bonds (absent legitimate buyers)
Toxic USDollar which has no asset as basis foundation, which enjoys endless monetary growth without discipline, which endures enormous unspoken counterfeit by both Langley and enemy states, which undermines all national banking reserves
Debt saturation in the USGovt account (at $18.5 trillion) alongside $4.5 trillion in toxic bonds on the Federal Reserve balance sheet, over $3.0 trillion in toxic bonds at the Euro Central Bank, and massive corporate debt burden
Imbalance beyond reason for the USEconomy, which is permitted to pay for shipments of commodities and finished goods with fake money called USTreasury Bills, and to accumulate a $500 billion trade deficit, in an environment with grossly inadequate industry on US soil
Errant economic policy which puts almost no emphasis on capital formation, business creation, job hiring, but instead strives to put cash in consumer pockets who burn capital, in a grand demonstration of the ruinous emphasis for a consumer economy
Excessive war capital wasted, whereby the military industrial complex dominates among corporate enterprises, given favored status on USGovt budgets, even though laden with massive fraud, cost overruns, and ineffective weapons programs
Arab human dumping on the European continent, the United States front, and in Great Britain, without proper process followed concerning immigration, which has placed a wet blanket on many societies as a result of a sharp increase in violent crime. (Thanks to UPS, the Arab dumping takes place in the United States in overnight runs with hundreds every night, and at least two million in the US already).
GOLD STRUCTURAL GOLD REFORM OF SYSTEM
The solution that will effectively reform the entire financial and economic structures will be imposition and installation of the Gold Standard. The Eastern nations control more of the industrial capacity, and therefore will impose Gold Trade Notes for payment in trade shipments. They will refuse the USDollar in payments. The consequent effect will be for gold assets to build in the global banking system. The Gold Trade Notes will accumulate, and over time be converted to Gold bullion for their bank reserve usage. The last piece will be the emergence of gold backed currencies, which could arrive as an assortment on the gold table. The honest brokers and investors should hope for the International Monetary Fund not to lead the movement in a gold backed currency system, even if in the form of their Special Drawing Rights basket of currencies which recently admitted the Chinese RMB. The Basel Boys and IM plan would result in more continued gold fraud and intimidation.
Gold puts the Western Elite out of business. The Gold Standard in its steps toward installation will knock the Western banker elite flat on their privileged arses. The Gold Standard will eliminate the free pass for easy money, for zero percent loans to the elites, for big bank welfare, for covering federal deficits, or to enable debt patches. The Gold Standard will turn the current power structure upside down. The Gold Standard will permit a true solution, but not without an enormous and staggering disruption. The nations which sport a gigantic trade deficit will suffer shock waves as they will be forced to embark upon national initiatives to produce more in export, and thus to reduce their deficits. They will invite foreign capital investment and business formation. The effect of trade deficits will be the forfeiture of national assets on a grand scale, certain to force rapid change and adjustment.
The global economic system must be revamped, with a colossal amount of construction projects, investments in infra-structure and business, and repair of imbalances. Doing so will put people back to work, but more importantly, in a positive constructive manner with a positive trickle down. The global financial system must be recapitalized. The initiative will surely involve gold bullion as a primary reserve asset. The event will coincide with a massive rise in the Gold & Silver prices. The entire global system will come alive once Gold is installed, working, and ignited. Fake money will be displaced by Gold & Silver in vital roles.
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
SIX DEAD-MAN WALKING E.K.G. RATES
The USEconomy and the USDollar-based financial structure combine to make a dead man walking. Its EKG brain wave is a flatline. Its cardiac ECG wave is a flatline. The pulse is even at a flatline. All kinds of distorted messages have come from the mainstream press, which should be taken as liars. The following measurements display in convincing manner how the pulses are uniformly screaming out, pointing to a dead man in the Intensive Care Ward. The morgue is the next stop. They reveal the USEconomy as sclerotic, catatonic, and moribund.
USTreasury 10-year Bond yield
Crude oil price
Baltic Dry Index
Mortgage 30-year rate
US Freight Index
US Trade Gap
US TREASURY 10-YEAR BOND YIELD
CRUDE OIL PRICE
BALTIC DRY INDEX
MORTGAGE 30-YEAR RATE
US FREIGHT INDEX
US TRADE GAP
BIG NEW DEVELOPMENT ON GLOBAL FRONT
THE CHINESE FINANCE OFFICIALS AND THE BASEL-BASED BANK FOR INTERNATIONAL SETTLEMENTS ARE NEGOTIATING A GLOBAL REFORM OF ALL BILATERAL CONTRACTS. THEY STRIVE TO ALTER USDOLLAR-BASED CONTRACTS, AND CHANGE THE CONTRACT TERMS TO GOLD SETTLEMENT. THEY ARE WORKING ON A GLOBAL CONTRACT AT THE $5000 GOLD PRICE IN CONTRACT CONVERSION. CHINA REPRESENTS EASTERN INTERESTS, WHILE BASEL REPRESENTS WESTERN INTERESTS. It is not yet clear what will happen to commodity price mechanisms.
If and when the global contract reform is completed, all bilateral contracts will be shifted into Gold settlement, no longer USD settlement. The result will be the USGovt is then made free to launch a domestic-only new USDollar, called disrespectfully the New Scheiss Dollar by the Jacksass for the last two years. It will resemble a Third World currency, and be subjected to a sequence of devaluations. A $500 billion trade deficit will require several years to overcome. If reduced by 50% in five or six years, it will be a miracle. The $1 trillion federal deficit has a different solution in mind. The USGovt plans to commandeer pension funds, forcing investment in the Special USTreasury Bond. It will not be a confiscation, but rather forced conversion with all the disadvantages of currency devaluation that come.
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
NEW SCHEISS DOLLAR & GOLD TRADE STANDARD
In time, expect an eventual refusal by Eastern producing nations to accept USTreasury Bills in payment for trade. The IMF reversal decision assures this USTBill blockade in time, and might accelerate the timetable. The United States Govt cannot continue on five glaring fronts of gross negligence and major violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time take steps toward the return of the Gold Standard. The violations are:
1) To import finished goods and crude commodities, paying with IOU coupons
2) To commit multi-$trillion bond fraud in its big banks, done without legal prosecution
3) To do QE bond purchases in applied hyper monetary inflation, monetizing debt
4) To rig all major financial markets in favor of the primal USDollar
5) To engage in numerous regional wars to support the USDollar.
The New Scheiss Dollar will arrive in order to assure continued import supply to the USEconomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports. The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax). The only apparent alternative is for the United States Govt to lease a large amount of gold bullion (like 10,000 tons) from China in order to properly launch a gold-backed currency. Doing so would open the gates for a generation of commercial colonization, but actual progress in returning capitalism to the United States. The cost would be supply shortages to the USEconomy, a result of enormous export increases to China.
The colonization has already begun, with secret deals galore. It is very unclear what deals are being struck in order to arrange for the USGovt to have a proper gold reserve hoard, for backing a new legitimate USDollar. Meetings at very high level are in progress, with little if any popular representation, only elite members present. Failure to produce a legitimate bonafide gold-backed currency would mean the United States must proceed with the New Scheiss Dollar, an illegitimate fake phony farce of a currency. It would be subjected to a series of devaluations. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder. However, the rising prices would come from the currency crisis, and not so much from the hyper monetary inflation. That flood of $trillions has been effectively firewalled off.
As Ron Paul has stated, one cannot blame capitalism for the current failure, since we have had almost none! He can take credit for the independent audit conducted on the US Federal Reserve itself in 2009. From the audit, it was learned that $23 trillion in near zero cost loans were granted to the USFed owners, by the banker cabal to itself. The US population remains largely asleep and steeped in ignorance on the entire financial crime scenes. They must prepare with reduced paper wealth held as assets, and more Gold & Silver bars & coins held instead as assets. The reckoning has begun.
The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $300 per ounce. In reaching these levels, the ratio will return to the 30-1 range. Several steps have been laid out by the Hat Trick Letter toward the return of proper price to precious metals. The major upcoming events will be exciting to watch unfold, one after the other, in an inevitable sequence away from fascism and concentrated uni-polar power, with a strong movement toward freedom and equitable systems with distributed power. The steps will each involve a quantum jump in the Gold & Silver prices. The process will take a few years, but might be breath-taking in speed once the process is begun. The steps involve:
The critical mass of rejected USTBills in trade settlement, citing its corrupt roots and illicit monetary policy as foundation
The return to the Gold Trade Standard and introduction of Gold Trade Notes as letters of credit, in replacement for a fair tangible payment system (no more IOU coupons)
The recapitalization of the global banking system with Gold as primary reserve asset, so as to relieve the grotesque stagnation, insolvency, and dysfunction
The seeking of equilibrium in Supply vs Demand in the new fair uninhibited market, with exclusive control removed from London and New York, and placed elsewhere like in Shanghai, Hong Kong, Dubai, and Singapore.
The seeding of BRICS gold & silver backed currencies from participating nations within the Alliance (likely several with slight variation in features)
The re-opening of the gold mine industry with some blue sky, and relief from the Evergreen element at Barrick
The remedy toward owners of over 40,000 tons of rehypothecated and stolen gold in bullion banks across the world (primarily in Switzerland.
HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts
Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar
Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War
Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)
Peter Schiff: Are People Going to Wake Up? The Economy Is Out of Road! (Video)
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
| THE VOICE OF REASON: | |
| Facebook: | https://www.facebook.com/LastGreatStand |
| Youtube: | https://www.youtube.com/c/RightWingConspirator |
| Google + | https://plus.google.com/+Thelastgreatstandconspirator/posts |
| https://twitter.com/#!/LastGreatStand | |
| Seen.Life | http://www.seen.life/profile/21900069-voice-of-reason |
| Minds.com | https://www.minds.com/VoiceofReason |
| Grassfire | http://grassfire.com/users/voiceofreason/profile/ |
| Tea Party Community | https://www.teapartycommunity.com/profile-151600/ |
| Right.IS | http://right.is/contributor/pages/351/169/bio.html |
SUBSCRIBE TO THE TOP STORIES OF THE WEEK IN THE NEWSLETTER HERE
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLR
FREE GUIDE TO ECONOMIC COLLAPSE OR MARTIAL LAW…
AT THE OFFICIAL BLOG SITE BELOW!
FACEBOOK | GOOGLE+ | TWITTER | PINTEREST | STUMBLE UPON | TUMBLER
We cannot request The Other to be devoid of Greed-Fear when we ourselves are similarly filled with Greed-Fear. This is because the wickedness of The Global Economy is merely a reflection of our own Greed-Fear. Even this Simplicity Eludes as The Vast Majority’s first duty on witnessing Theft-in-Progress is to “Finger-Point”. This is UnReal for the simple reason that when a Thief is fingering-out another Thief, catching The Other Thief will not stop Theft. In fact, this is the means of promoting Theft. If True, and It It the Truth, Toilet-Papering, like “Wars”, for example, is merely to “Make Space” for its next incarnation. This is how Malevolence/Devolution devolves The Devolable.
Take, for example, this current Hoo-Ha about The Global Ponzi Scheme. Almost to the individual [other than perhaps, a few exceptions], The Greedy-Fearful are fingering-out “Theft”/Greed-Fear. A Real Joke.
There is ONLY ONE way to stop/neutralise-dissipate Greed-Fear and that is for those who are able to change from being some “Tag-Along” of “The Father Who is The Devil”[TFWiTD] to being one who loves-being/becomes Of Benevolence – NOT those who loved to be seen as benevolent – Reality being when What You Do is Who You Are. Those who are able to be with Absoluteness. It does not matter if The Other is “Rich”, “Poor”, or “Indifferent”, so long as Benevolence is Real/Absolute, being Of Benevoence is the ONLY Reality.
The Vast Majority, who are also The Mesmerised, will NOT awaken unless they are able to tangibilise said Awakening in Another – be that for Reality/Selflessness or “Relativity”/Selfishness. As such, The Energy Creator will keep The Ball of Greed-Fear Spinning until that Window is fully closed. This is because what is at stake is not The Greed-Fear in Others [for the simple reason that The Material is easily replaced], what is at stake is whether self is Greedy-Fearful and if so, how to stop that Gravy Train from Running Amok and going-Nowhere-Real/claiming-to-be-The-Mostest-Bestest-and-other-mechanism-of-TFWiTD. That of reverting to being Of Innocence/Benevolence/The-Spiritually-Benevolent whilst staill alive on Earth.
The above is possible because Benevolence, who is also The Energy Creator, is Reality. Afterall, even Malevolence has to masquerade as Benevolence in order to “spread” His Maagik. EVERY Living Entity’s Body is firstly “refracted” with Divinity before Malevolence is able to institutionalise The Past-vs-The Future as “Thought” above EVERY Thinker’s Brain. This is how EVERY Thinker is mesmerised by Thought whenever a Thinker seeks refuge within Thought.
The “Sharp-Eyed” would have noticed that commenting in this form requires Thinking and therefore “Knowledge & Knowledging” will not awaken anybody other than perhaps “The Very Few”. What is required to start The Ball Rolling is for some of the so-called “awakened” to introspect/”reflect” on their state of Reality and STOP their own Greed-Fear. Be conscious and be aware that unless and until self is able to tangibilise Reality, there is no such thing as Reality. And it does not matter if you are “Rich”, “Poor”, or “Indifferent”, for the simple reason that when there is Greed-Fear, there will ONLY be Fear-Greed in The End. The reason why ALL who were “Born”, have to “Die”. That of Compassion expressed as Mercy, The Divine being Unconditionality/The-Informant whereas Malevolence uses Thought/Conditionality to Judge from the individual’s The Past or Future, Thought’s methodology being to prejudice from either The Past or The Future.
Witness & Realise that being Spiritual is “infinite” when compared to being Material[ised]. That of “Living Forever” whilst no amount of “Technology” will enable The Material[ised] to “Live-Forever”/Become-Spiritual[ised]. Afterall, when The Materialised are able to tangibilise The Spiritual when they are not yet “ready”, that will only augment their Greed-Fear and nothing else.
The aim of “Knowledge & Knowledging” is To Own via Knowledge. The Complexity who is BEYOND Human-Thought/”Intelligence” has ZERO meaning should It not be Simplicity too. OTOH, when Complexity morphs into Komplexity, meaning that part of Complexity which is “malleable” into Mesmerism, Komplexity has ONLY one aim and that is “package” TFWiTD’s Agenda as being Something for Nothing. That of Devolving The Devolve-able.
how to can do it
