Global Paradigm Shifting Winds: Crisis in 2013 Closes, the Failure in 2014 Begins
By: Jim Willie CB
GoldSeek.com
Friday, 20 December 2013
The year 2013 will go down in history as the year of great transition, tremendous disruption, numerous financial breakdowns, widely adopted hyper monetary inflation, exposure of hidden devices, panorama of popular awakening, and indisputable evidence of a systemic failure. The following titles of significant events, organized by topical theme, are mindboggling and comprehensive so as to attest to the global failures. The breakdown touches almost every part of global life. The American Fascist Business Model has wrecked anything and everything, the fish rotting from the head (leaders) down to the toes (ethics). No effort whatsoever has been made by leading nations and major central banks to construct a bonafide remedy to the widespread insolvency and powerful economic recession. Instead, the priority has clearly been to maintain the power structure and avoid at all costs (literally in the $trillions) any liquidation of the big Western banks. No liquidation has occurred, which would serve as the foremost and initial step toward a solution.
Consequently, the entire global financial system hurtles toward failure, which has been the quintessential Hat Trick Letter forecast since the year 2007, when numerous failure signals flashed red. The QE bond monetization by the USFed, joined by the other major central banks, has been adopted as permanent, just as the Jackass forecasted in 2010. The ZIRP zero bound rate has been adopted as permanent also, just as the Jackass forecasted in 2009. The consensus continues the totally incorrect viewpoint of monetary accommodation being stimulus, when it instead is killing capital and destroying the economy.
Systemic failure and widespread sovereign bond default is no longer avoidable, nor is big bank failures. The breakdown failure will begin to occur in earnest, with acceleration, in year 2014. Its initial cracks and ruptures are already notable and wide. The hyper monetary inflation will persist until the systemic failure becomes clearly recognized. The road will split when the USDollar splits into a Global USDollar (unchanged, current form) and a domestic Republic USDollar (new form, to be heavily devalued). The death of the COMEX & LBMA gold arenas comes next and soon, when they are converted into Cash & Carry marts with no gold delivery since no gold lies in inventory. The arrival of a Force Majeure may or may not happen.
The BRICS nations are using the G-20 Forum to trot out the Gold Trade Settlement, which will feature bilateral trade settled on net basis in gold bullion, will feature Gold Trade Notes acting as letters of credit, and will feature the BRICS Bank conversion into a Gold Trade Central Bank where USTreasury Bonds (and other worthless AAA-rated sovereign bonds) are converted directly into Gold Bullion. The year 2014 will feature a great Global Paradigm Shift. It is already in progress. It will cause tremendous disruption. It will result in recognition of tremendous lost paper wealth. It will bring the East into more clear geopolitical power. It will catapult the Gold Price multiples higher, as in near $3000 per ounce, a level from which it will go higher later. The Global Currency Reset is the moniker for the Returned Gold Standard in pseudonym, as Gold retakes its rightful place as the King Currency. The global financial crisis will come to an end, but not without colossal damage. The solution is the Gold Standard, always was the Gold Standard, and never could be anything but the Gold Standard. The end of the bank cartel’s privilege to print themselves wealth will come to an end. The end of Gold Price suppression will finally occur. The emancipation of physical Gold from its futures contract paper shackles will finally be witnessed on the world stage.
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