Examiner – by Kenneth Schortgen Jr
On Dec. 26, financial analyst and statistician Dr. Jim Willie provided a look at major economic events that will take place and shape the global financial system in 2014. Of the several key changes set to occur in how nations trade amongst one another, the two primary events. that of a currency reset and the implementation of a gold backed trade note, will be the catalyst for China’s vision of a de-Americanized financial order.
The next year will feature many powerful new effects. The Indirect Exchange will become a prominent fixture, its channel filled. It will direct many $billions in USTreasury Bonds from large scale asset acquisitions by Eastern and BRICS players, sent back to New York and London. The payments for the asset purchases will be done in USTBonds, as the Eastern entities dump them as fast as they can before the great devaluation.
But the biggest shock waves will come from the currency reset followed by the introduction of the Gold Trade Settlement. The return of the Gold Standard is near, but it will arrive on the trade vehicles, not the FOREX currency or SWIFT bank platforms. It will feature the Gold Trade Note, used as letter of credit. – Goldseek
At least 23 nations have already prepared for a new trade system that will occur outside the dollar and Swift systems. Through their moves away from reliance on the dollar via the creation of new currency swap lines, major economic powers are transitioning away from the 42 year old petro-dollar system that saw America devalue its currency nearly 98%, and export inflation to the rest of the world.
A global currency reset is inevitable, especially when you consider that the historic life cycle of a purely fiat currency is only 30 years, with a maximum length of 42 years. This falls in line with the U.S. dollar which has been a purely fiat currency since President Nixon took America off the gold standard in 1971, and subsequently allowed the central bank to grow the economy with debt rather than sound money and real production.
2013 will go down in history as the year of global currency wars. But intermixed in this financial conflict will be the rise of China, and their plans for a new financial order. And as Dr. Willie points out in his assessment for the coming year, when the global currency reset happens, the vacuum that will occur will not be void for long, and will be quickly filled by China with two new options that promise greater stability than what the U.S. had offered for more than a decade.
I like Jim Willie…In my humble opinion, the link below is a link that should also be listened to..big time guys and gals.
http://investmentwatchblog.com/rob-kirby-when-china-doesnt-get-their-gold-thats-when-this-ends/
In fact, I think FTT should post this as a headline.
I DON’T like Jim WIllie…. because in my humble opinion, any “financial analyst and statistician” should have warned us many years ago about how we’re being screwed rather than just tell us about it weeks before we’re about to suffer for it, and there’s little time left to prepare.
Mohammad Rafeeq is the financial analyst and statistician who warned us about this many years ago (http://iamthewitness.com/), and I thank him for the early warning I needed.
Jim Willie is only trying to save his own credibility so he can shovel more distractions that help hide the truth.
And if Jim Willie is a statistician, why doesn’t he discuss the fact that Jews, who only comprise less than 2% of the U.S. population, own all of our banks, all of our media outlets, all of the pharmaceutical corporations, dictate our foreign policy, etc. etc.
Those are some glaring statistical anomalies that Jim WiIlie doesn’t want to talk about. What’s his real name? Jim Rabinowitz?
😉
I don’t trust Jim Willie, Gerald Celente, Gary “Y2K” North, the Daily Reckoning, Golden Jackass, or any other “expert” when it comes to speculating when the dollar will collapse…they’ve been on the “muddle through” train for so long, and now they are “warning” us??? As with anything else: follow the money…these wonkers are just trying to sell books, magazines, newsletters, etc. etc. etc. We don’t need these folks to tell us to prepare for the worst, do we?