The “Upcoming, Cataclysmic, Financial Big Bang To End All Big Bangs”-Upgraded From Inevitable To Imminent?
By Andrew Hoffman
DailyCoin.org
January 3, 2017
Before the U.S. has even opened for 2017 business, global markets have taken a dramatic step towards implosion – as the “year of monetary revolution” commences. Yes, the gold Cartel started the year as they start nearly every day; i.e., with a “Sunday Night Sentiment” raid, for the 170th time in the past 178 weekends (albeit, on a Monday due to the holiday); and subsequently, when gold had the nerve to rebound, a “2:15 AM” attack for the 761st time in the past 876 trading days, to make sure the year “starts right.”
However, with each passing day of gargantuan East/West physical premium differentials the odds of the Cartel’s inevitable implosion grow larger – particularly in light of the political, economic, social, and monetary carnage being wrought, at an increasingly parabolic rate by the “powers that be” known as governments, Central banks, and their Wall Street and corporate partners-in-crime” – as history’s largest, most destructive fiat Ponzi scheme, races through its cancerous, terminal phase. And nowhere is such self-destruction more evident than in the United States of Exceptionalism, where Barack Obama’s outgoing failure of an Administration is not only doing everything in its power to sabotage Donald Trump’s incoming Administration – but objectively speaking, catalyze World War III!
Moreover, despite the global currency collapse accelerating dramatically as I speak, the fallacious “Trump-Flation” meme hasn’t yet died – as exemplified by Chinese iron ore prices having risen 20% from their early 2015 lows, on a day when inventories hit an all-time high! Even JP Morgan, questionable motivations aside, espoused this weekend that Central banks have created “unprecedented distortions” in financial markets; which I assure you, will end with unprecedented losses – perhaps nominally, and definitely in real terms. Particularly those “betting” that Precious Metals, amidst historic physical market tightness, monetary destruction, and political uncertainty, will continue to trade at historically suppressed prices – to the point that the mining industry is now assured to experience an unprecedented production collapse.
Regarding said “dramatic step toward monetary implosion,” as I write in Tuesday’s wee hours, fiat currencies the world round are crashing – including the world’s second largest currency, the Euro, sitting mere basis points from a fresh 14-year low; the third largest, the Yen, which is in freefall mode; and essentially everything else – particularly of note, the Indian Rupee, whose fundamentals have plunged so dramatically following Narendra Modi’s psychotic cash ban decree, it is prompting banks to slash interest rates unilaterally, without even waiting for India’s Central bank to do so itself (it wouldn’t dare, as this would amount to an admission that the cash ban is failing).
However, the potentially cataclysmic monetary risk that surpasses all others combined is what has me most worried – and apparently, a billion Chinese, if this weekend’s parabolic Bitcoin surge, to nearly $1,100 on Chinese exchanges, is any indication. Which is, the rapidly declining state of China’s financial condition, as evidenced by the Yuan devaluation I first warned of in April 2015; followed by August 2015’s “upcoming, cataclysmic, financial big bang to end all big bangs,” mere hours before the first leg of the catastrophic, nuclear salvo of the “final currency war” was launched; i.e., the PBOC’s initial 7% devaluation of the Yuan.
The Rest…HERE
