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)
https://youtu.be/AkgermAav1w
- published: 26 Oct 2015
- views: 61533