2018: Yearly Forecasts for Systemic Breakdown
By: Jim Willie CB
GoldSeek.com
Friday, 26 January 2018
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will become a better place. In the current year upon us, the following events will begin to take form in some path with recognized progress. The result will be truly frightening, as all known tenets are either swept aside or profoundly questioned. Many of the listed events have begun to take form with some initial progress. The magnificent event that occurred ten years ago has been called the Global Financial Crisis, centered and triggered by the Lehman Brothers failure as a firm. It was actually a suffocation event with killjob, whereby both Goldman Sachs and JPMorgan bought several $billion in Lehman mortgage bonds and never paid for them, thereby killing Lehman from a very severe sudden liquidity drain. What happened in 2007 (initial bust symptoms) and 2008 (final crisis unfolding) was horrible and quite devastating. What comes in 2018 in the systemic breakdown and global crisis will be triple in magnitude of damage and triple in breadth with range of extended wreckage. This year will see sovereign bonds enter failure, in an unprecedented manner. Watch the USGovt debt and a possible restructure event (technical default). This year will see entire national banking systems enter failure, in an unprecedented manner. Watch Italy for the bank runs and collapse. The crisis will lead to a global sense of foreboding, disorder, and growing panic.
This year will see the onset of the Gold Standard being installed, thus kicking the King Dollar and its reign of financial terror off the stage. Resistance will be enormous, but futile. Metal will dispose of paper. Three ancient empires in China, Russia, and Persia are cooperating to bring the Eurasian Trade Zone to life, in an unstoppable process. They will usher in the Gold Standard, first in trade payments, then in bank reserves, finally in currencies. The USDollar-based hegemony must be forced to yield one step at a time. Their cooperative efforts have made headlines for the past year in numerous developments and built platforms. The year 2017 set up the global stage with notable cracks, critical psychological damage to the current regimes, and significant progress in the Belt & Road initiative, the most important economic forum and conference table in a generation. The combination of the Shanghai RMB-Oil-Gold contracts form the most important financial construct in a generation, which will bring sunset to the Petro-Dollar defacto standard. The year 2018 will see the breakdown begin, work its magic in earnest, and work to alter the entire global power structure. It can be called the Global Financial RESET or the Global Paradigm Shift. It will wait no longer.
SYSTEMIC LEHMAN EVENT
The magnificent crisis that is unfolding in this new year has been given a name by the Jackass as the Systemic Lehman Global Breakdown Event. Since the Lehman failure, all insolvent structures have become more insolvent, fortified with more leverage, flushed with more funny money, and been kept in place as the power center for the USGovt istelf. The Wall Street banks stole the $700 billion in TARP Funds as a launching pad for sacking Washington DC in a grand fascist display. The broken silos of financial corruption have grabbed political powers, and written US legislation. In the last ten years, nothing has been fixed, or event attempted toward remedy. Nothing has been liquidated due to deep insolvency and rot. No amplified credit or monetary spigots have been turned off or even turned down. No power control rooms have been put to pasture and removed from the corrupt helm despite their failures. No economic development in the West has even been attempted. All the broken elements have been ramped up with bloated largesse. Wreck, wash, rinse, repeat, but with greater volume and emphasis, while the propaganda blasts on. What was seen in 2008 with Lehman failure will next be seen on a systemic level, since instead of remedy, the entire system has been subjected to same abuses that led to the mortgage finance and housing bust.
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