SPECIAL THANKS TO THUNDERHAWK AND PAPAJ FOR CONVERSATIONS AND THUNDER FOR THE PICS!
HISTORY IN THE MAKING
TONIGHT AS WE SEE PIECES IN IRAQ FALL INTO PLACE I AM REMEMBERING STUDIES FROM A FEW YEARS AGO. THE IMF HAS THE RIGHT TO OVERRIDE A COUNTRY IF THEY FEEL IT NECESSARY TO DO SO. THE IMF IS ULTIMATELY IN CONTROL.
ARE THINGS DONE IN IRAQ?
WELL, WE KNOW THAT SOMETHING HISTORICAL WAS DONE THE SATURDAY BEFORE LAST! FINAL DETAILS ON A CABINET SEEM TO STILL BE IN QUESTION AND POSSIBLY 6 LAWS!
SINCE THE PROGRESS SEEMS TO BE RAMPING UP TO WARP SPEED NOW, SCOTTY WILL HAVE TO BRING US OUT OF WARP SPEED TO LET DR. S’……. TRIGGER MAN PUSH THE BUTTON EVEN THOUGH HIS TRIGGER FINGER IS SHAKING! HEE HEE SLAP!
WHAT?
STAY FOCUSED DOC, WE HAVE A LOT TO COVER TONIGHT!
OK! OK! I’M TRYING!
AS I’VE BEEN TELLING YOU FOREVER, IT SEEMS THAT THE DOLLAR WILL CRASH AND POSSIBLY THE EURO WITH IT!
TODAY WE HAVE THE STORY BEGINNING TO GET LOUDER! IT SEEMS FINALLY PUNDITS AND AUTHORS ARE BEGINNING TO SEE IT TOO NOW.
AN UNPRECEDENTED MOVE ON THE 11TH AND THE 12TH: THE FED CHAIRMAN MET WITH THE PRESIDENT AND VICE PRESIDENT IN A CLOSED SESSION!
THE MERE FACT OF THAT IS AN IMPLICATION OF CONCERN! IT WAS STATED AS URGENT. OBVIOUSLY MARKETS AND THE DOLLAR ARE IN QUESTION. WITHOUT A DOUBT, SOMETHING IS SERIOUSLY WRONG!
THEN WE SEE BLACK ROCK PUMPING UP THE COMING BOND AUCTIONS. COULD IT BE THAT BOND SALES AND THE DOLLAR ARE IN TROUBLE? MMMM
RECENTLY WE SHOWED YOU THAT BLACKROCK IS THE MOST POWERFUL FINANCIAL COMPANY IN THE WORLD WITH MOST OF ITS ASSETS DENOMINATED IN DOLLARS AND EUROS. NO WONDER THEY ARE PROTECTING THEIR TURF! MMMM
DON’T FORGET ABOUT A YEAR AGO I TOLD YOU THAT THE FED SAID THEY MIGHT HAVE TO CHARGE EXIT FEES ON SELLERS OF TREASURIES IF TOO MANY START TO SELL.
WHEN OR IF THE DOLLAR CRASHES AND WE MOVE TO AN ASSET BACKED CURRENCY, WHERE IS THE LAST PLACE YOU WANT TO BE? RIGHT! IN THE FIAT DEBT SIDE OF THE EQUATION. THAT’S WHY VIETNAM DID A CLEVER MOVE!
THEY HAVE 80% OF THEIR DEBT IN DOLLARS SO WHEN OR IF IT CRASHES, SO DOES THEIR DEBT!
HEE HEE TODAY WE SEE AN ARTICLE THAT SHOWS THAT THEIR DEBT IS HIGHER THAN THEIR PEERS! WELL, THAT’S OK, HEE HEE WE KNOW THEY ARE CLEVER! BAA HAA
AS WE ALL SEE, FISCAL PROBLEMS ABOUND GLOBALLY!
CHINA IS SPORTING THE HIGHEST DEBT FOR CORPORATIONS GLOBALLY AND SOME OF THESE COMPANIES ARE STARTING TO MELTDOWN BECAUSE OF THEIR DEBT. HERE IS AN ARTICLE THAT SHOWS JUST THAT.
CHINAS’ STEEL MAKER JUST MISSED ITS BOND PAYMENT! “Dongbei Special Steel Group Co. has defaulted on bonds a third time since its chairman was found dead by hanging last month, adding to mounting debt nonpayments in China.” MMMM
THIS IS A PROBLEM THAT IS ONLY GETTING WORSE!
NOW ON THE OTHER HAND, THERE ARE SOME GOOD THINGS STARTING TO IMPROVE FOR CHINA, AT LEAST IN THE NEAR TERM. THEY SAW AN INCREASE IN YUAN DENOMINATED EXPORTS AND A DECLINE IN YUAN DENOMINATED IMPORTS.
COULD IT BE THEY ARE BEGINNING TO SEE SOME IMPROVEMENT IN TRADE WITH THEIR SILK ROAD TRADING PARTNERS?
NEXT WEEK CHINA LAUNCHES ITS GOLD EXCHANGE AND SHORTLY AFTER LAUNCHES ITS SILK ROAD VERSION OF THE IMF, THE AIIB “ASIAN INFRASTRUCTURE BANK”!
THIS “ONE TWO PUNCH,” WILL BE EXCLUDING DOLLARS AND USING ASSET BACKED CURRENCIES.
IN FACT, WE WILL BEGIN TO SEE A RETURN OF FIAT DOLLARS COMING HOME FOR SURRENDER, AS THE GLOBAL ERADICATION OF DOLLARS WILL BEGIN!
THE RESERVE CURRENCY OF THE WORLD WILL NO LONGER BE THE DOLLAR BUT BLACK GOLD IN THE SDR!
AS I HAVE SHARED WITH YOU, BLACK GOLD WILL NOW DETERMINE THE NEW GLOBAL REALITY VALUE THAT WILL BE USED AS THE NEW RESERVE CURRENCY!
THIS OF COURSE WILL BE SHARED WITH THE CURRENCY VELOCITY OF ALL THE SDR CURRENCIES!
THINK OF IT AS A STANDARDIZED VALUE WHICH GETS SHARED AMONG THOSE CURRENCIES BY BARRELS SOLD PER GDP! BLACK GOLD SALES CAN BE ADJUSTED BASED ON GDP! THERE WILL BE A SHARED CURRENCY VELOCITY ONLY AMONG THE SDR CURRENCIES.
SINCE OZ IS THE ULTIMATE BEAN COUNTER, HE WILL MONITOR EVERY COUNTRIES GDP IN THE SDR AND NOT ALLOW ANY COUNTRY TO FAIL OR HAVE AN UNFAIR ADVANTAGE.
NOW THAT THERE IS A GLOBAL AGREEMENT ON EVERYTHING RELATED TO OIL. OZ CREATED A NEW REALITY!
WE WILL NOT BE GOING BACK TO THE GOLD STANDARD FROM WHICH VALUE WILL BE DERIVED AS SOME HAD HOPED!
THIS IS WHY GOLD WILL BE CONTROLLED IN ITS PRICE. ALTHOUGH IT MAY BE FOUND TO BE A GREAT INVESTMENT HEDGE COMPARED TO HOLDING DOLLARS WHICH ARE LIKELY TO CRASH! IN FACT, AS DOLLARS BEGIN TO RETURN HERE IN THE SHORT TERM THE DOLLAR WILL DEVALUE WHICH IS WHY THE STOCK MARKET WILL GO UP AND GOLD WILL RISE! REMEMBER THIS IS SHORT TERM!
HOLDING ASSET BACKED CURRENCIES OR ASSET BACKED BONDS, IF THEY CAN BE PURCHASED, MAY PROVE TO BE THE SMARTEST MOVE! HAVING BOTH IS NO FOOL’S GAME!
DOLLARS OR DOLLAR DENOMINATED T. BONDS I THINK HOLDS THE MOST RISK!
A BRILLIANT INVESTOR, PETER SCHIFF, ALSO TAKES THIS POSITION! MUNICIPAL BONDS IN SOME STATES LIKE ILLINOIS MAY BE CATASTROPHIC, JUST LIKE PUERTO RICO! MMMM
NEXT ON THE RISKY LIST ARE STOCKS THAT HAVE LOTS OF DEBT. U.S. COMPANIES IN GENERAL HOLD THE HIGHEST DEBT IN THE HISTORY OF THE U.S. STOCK MARKET!
THE SAFEST SCENARIO IN A DOWNWARD REPRICING MARKET WILL BE THE BIGGEST COMPANIES WITH LITTLE OR NO DEBT! MMMM
ALL RIGHT, NOW IT’S TIME TO START YELLIN! HEE HEE
THAT’S RIGHT! JANET YELLIN’S CONVERSATION WITH THE PRESIDENT AND VICE PRESIDENT HAD TO BE OF THE GREATEST IMPORTANCE! INTERESTING THAT WE SEE BIG NEWS A DAY LATER ON 5 OF THE BIGGEST US BANKS!
THEY APPEAR TO BE CONCERNED WITH THEIR BANKRUPTCY WILLS! MMMM
THIS IS MORE OF A PROBLEM THAN PEOPLE REALIZE!
THIS OPENS THE DOOR FOR TOTAL COLLAPSE OR FAILURE OF THE DOLLAR. THIS OF COURSE WOULD BE THE SAME FOR THE EURO AS WELL SINCE THERE ARE TOO MANY FINANCIAL INTERACTIONS, SUCH AS LOANS BETWEEN THE TWO!
NOW I ASK YOU, BESIDES DOLLARS FINDING THEIR WAY HOME AFTER CHINAS GOLD EXCHANGE MOVE, WHAT WOULD GIVE A DEATH BLOW TO THE DOLLAR? RIGHT!
THE FINAL DEATH BLOW MAY BE A SAUDI DE-PEG! MY THEORY ORIGINALLY STEMS FROM THE SDR RATIONALE WHICH HAS ALREADY PROVEN RIGHT ON BLACK GOLD BUT HOW WILL THE SAUDI DEPEG OCCUR? MMMM
TODAY WE SEE TROUBLE BREWING IN THE KINGDOM! WE SEE A SAUDI ARMS DEAL BEING HALTED AFTER THE 9/11 PAPERS REVEAL SOMETHING OF CONCERN WITH S.A.! THERE APPEARS TO BE 9/11 IMPLICATIONS OF TERROR INVOLVEMENT!
NOW WE ARE GETTING SOMEWHERE ON MY THEORY. WITH DEBT DOWNGRADES AND RISING POLITICAL PRESSURES FROM THE WEST WHO WILL S.A. TURN TO? HEE HEE
THE SILK ROAD OF COURSE! I LOOK FOR THEM TO SETTLE THEIR OIL SALES IN YUAN AND BRITISH POUND! EVERY DAY WE KEEP SEEING MORE HOW THIS WILL WORK OUT. HEE HEE
WITH DOLLARS BEING DISPOSED OF GLOBALLY, THERE WILL BE CONSTANT PRESSURE ON THE DOLLAR TO HYPER INFLATE AND DEVALUE! THIS EXPLAINS THE RECENT STOCK MARKET RISE AS THE DOLLAR DEVALUES! AT THE SAME TIME OIL HAS BEEN GOING UP. THIS TRULY SHOWS US THAT BLACK GOLD HAS ALREADY DE-PEGGED FROM THE DOLLAR!
THIS DEVALUATION WILL LAST A FEW WEEKS POSSIBLY BUT EVENTUALLY THERE WILL BE A DEATH BLOW, AND WHEREVER OR HOWEVER IT HAPPENS IT WILL BE CATASTROPHIC!
A MILLENNIAL PRINCE IS IN CHARGE OF THE OIL EXCHANGE FOR SAUDI ARABIA. HE APPEARS TO BE A RISK TAKER! SAUDI DEBT JUST GOT ANOTHER DOWNGRADE BY FITCH! IF THATS NOT ENOUGH THERE IS ALSO THE BREXIT LOOMING ON JUNE 23RD!
THE SAUDI’S ARE COMPLAINING OF THEIR OMINOUS FINANCIAL POSITION. WITH IRAN, IRAQ, AND KUWAIT ALL LOOKING TO HAVE HIGH PURCHASING POWER IT SEEMS IRRATIONAL THAT SAUDI ARABIA WOULD HAVE PURCHASING POWER OF ABOUT .27. THAT PURCHASING POWER IS QUESTIONABLE ONCE A RATE FLIES FOR THE TWO SHIA BROTHERS!
WITH ALL THAT IS PLANNED TO TRANSPIRE BY MID YEAR, THE FATE OF THE DOLLAR WILL BE SEALED AS HISTORICAL!
AMERICA WILL BEGIN TO AWAKE TO A NEW REALITY WHERE YOU CAN’T PRINT YOUR WISHES INTO REALITY!
VALUE WILL BE DETERMINED BY THE IMF FOR EVERY COUNTRY BASED ON ITS QUALIFIED ASSETS, AND THE MONEY WHETHER IT BE DIGITAL OR PRINTED WILL REFLECT THAT VALUE!
INFLATION OCCURS WHEN THERE IS MORE MONEY PRINTED OR ISSUED THAN THERE ARE ASSETS TO BACK IT. THOSE DAYS WILL BE GONE FOR SOME TIME AS COUNTRIES ACTUALLY HAVE TO CREATE BUDGETS BASED ON A FINITE AMOUNT OF VALUE PERIOD!
THE MONEY CREATION WILL BE DETERMINED BY A VOTE OF THE SDR MEMBERS. IF THEY VOTE A MONETARY INCREASE IT WILL CREATE INFLATION AT THAT POINT!
I THINK FOR THE NEXT 2 TO 3 YEARS WE WILL SEE MANY COUNTRIES WITH STAGNATION OR DEFLATION IN THE NEW REALITY! FOR MANY COUNTRIES INCLUDING THE U.S. IT WILL BE LIKE WAKING UP FROM A BAD DREAM EVERY DAY!
COUNTRIES LIKE VIETNAM, IRAN, AND IRAQ WILL BE GROWING LIKE CRAZY! THE FUTURE GROWTH OF COUNTRIES WILL BE ABOUT TRADE AND SHIPPING WHICH IS WHY THE NEW CURRENCY WAR WILL BE A TRADE WAR! WELCOME TO TPP!
TODAY THE IMF WARNS OF A SPIRALING DEBT AND WEAKENING GROWTH! LET ME EXPLAIN THIS!
THEY HAVE ALREADY ADMITTED THAT GLOBALLY THERE IS NO GROWTH, THEREFORE WHAT THEY MEAN IS A SPIRAL OF DEFLATION WHICH NATURALLY CAUSES DEBT TO MAGNIFY EVEN IF YOU DON’T CREATE ANY ADDITIONAL DEBT! ITS SIMPLY HOW THE MONEY SYSTEM WORKS! OUCH!
BY NOW IT SHOULD BE CLEAR THAT THERE ARE WARNING SIGNS FLASHING EVERYWHERE BUT IT SEEMS MANY FOLKS SEEM TO BE DISENGAGED WITH REALITY!
“SHE’S STARTING TO BREAK UP CAPTAIN. WE CAN’T KEEP THIS SPEED MUCH LONGER. HOLD ON SCOTTY. GIVE ME JUST A LITTLE BIT LONGER” HEE HEE
WHAT HAPPENS TO THE DOLLAR AND EURO MAY SATISFY SPOCK’S STATEMENT, “THE NEEDS OF THE MANY OUTWEIGH THE NEEDS OF THE FEW,” OR WILL IT BE THE OPPOSITE? MMMM
DO YOU REALIZE HOW MUCH DEBT WOULD BE FORGIVEN IF THE DOLLAR AND EURO FAIL?
THE NEXT FEW WEEKS WILL MAKE HISTORY ONE WAY OR THE OTHER!
AS WE AWAIT THE NEW DIGITAL CURRENCIES BE SURE YOU’RE IN REAL ASSETS THAT ARE SECURITIZED!
CHRISTINE LEGARDE TOLD ALL THE EMERGING COUNTRIES TO ACTIVATE THEIR STRUCTURAL REFORMS BEFORE THE 14TH AND 15TH MEETING IN D.C.!
WILL THOSE REFORMS BE DONE? HOW WILL THEY MANIFEST? MMMM
WILL SCOTTY DROP US OUT OF WARP SPEED SO THE IMF CAN LAUNCH THESE REFORMS? BY THE OMINOUS WARNING SIGNS OF SPIRALING DEFLATION IT APPEARS IT IS CLOSE!
THESE ARE MY OWN THOUGHTS AND OPINIONS AND SHOULD NOT BE USED FOR FINANCIAL ADVICE BUT ONLY FOR CONTEMPLATION!
8@8, DOC IMO
