JIM WILLIE: IN 2014 THE FAILURE BEGINS!

Saturday, December 21, 2013
By Paul Martin

SilverDoctors.com
DECEMBER 20, 2013

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 forecasted in 2010. The ZIRP zero bound rate has been adopted as permanent also, just as 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.
The systemic breakdown has become widely recognized.
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.
The Global Currency Reset is a euphemism for the Return of the Gold Standard, which will seethe Gold Price will rise to $3000/oz.

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