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The
United States has three requirements in returning to the Gold Standard. They
will be extremely difficult to achieve. They each serve as essential
requirements in a criterion. All three are urgently needed. The challenge is
formidable for the nation to remain as a leading player in the global
economy. The United States stands alone in volume of national debt. Many
place the blame on the social net like welfare, Social Security, and other
measures. However, the biggest element is clearly the military budget, hardly
for defense in the last two decades. As CEO Jack Ma of Alibaba stated so
succinctly, the USGovt has spent $25 trillion on the military with nothing to
show for it except decayed infra-structure and global animosity for its
aggression. A major item in recent years for the deficits has been Medicare,
which is full of fraud and waste. Another major item is the raft of pensions
like for government service, judicial service, and military service.
REQUIREMENTS
FOR THE GOLD STANDARD
- Eliminate
the $21 trillion USGovt deficit
- Source
10,000 tonnes Gold to support the currency
- Re-industrialize
to work down $600 billion trade deficit
Back in
2017, US President Trump commissioned a study to verify the status of the US
gold reeserves. He and Vice President Pence, who led the study, were shocked
to learn that the Fort Knox gold had been stolen. Of course, such a discovery
never reaches the national news in broadcast or printed form. Thus the long
delay in any conceivable effort to set up the $1 trillion infra-structure
program promised during his campaign for office. The gears switched to
locating and rescuing the stolen gold, with dirty fingers identified for
ex-Presidents Papa Bush and Bill Clinton, along with the Wall Street crowd of
criminals led by Robert Rubin. Rumors are ripe that the gold has been
recovered, which also never reaches the controlled news networks. The eager
await confirmation.
The
United States Govt cannot institute and implement a Gold Standard for its
toxic USDollar in any practical form whatsoever, without first putting back
into balance its trade deficit. The disastrous suicidal trend of outsourcing
industry from the US base has resulted in a devastation to the urban centers,
to a dilapidation to the infra-structure, to a loss of legitimate income, to
a dependence upon debt for continuing the standard of living, and to a sick
addiction to asset bubbles. Worse, the result has been an absence of bond
investors for USGovt debt auctions, to the point that QE bond purchase
program has become a national fixture. The US boasted for 20 years that Japan
was a path not to be followed. But the US, true to Jackass forecasts on both
counts, ended up with Zero Percent Interest Program and Quantitative Easing.
The ZIRP resulted in grotesque asset misallocation. The QE with unsterilized
hyper monetary inflation has converted the entire Western financial system
into a global imprint of the Zimbabwe case, with reflections of South
America.
The
United States must embark upon a national emergency program to form at least
20 to 30 thousand new businesses every year within free trade zones in all 50
states. It should be treated as a national survival initiative in order to
avoid falling into the Third World. The businesses must be granted tax relief
for three to five years at least, with respect to income tax levies and to
property tax levies. The emphasis for the new businesses must be in export
trade, in order to bring in foreign currency, so as to reduce the gargantuan
crippling obstructive $600 billion annual trade deficit. If not executed with
success, the consequence will be obscene and broadbased shortages, since
anything not nailed down will be subject to export. That means agricultural
output will be shipped out, resulting in food shortages.
GOLD
TREASURE TROVES
The
unique aspect of the current RESET with respect to gold is the many reports
of hidden large gold treasure troves. Behind the scenes for the last 20 years
or more have been focused battles, complete with murders, downed aircraft,
hired high power attorneys, hidden projects, protected leaders, bribery by
bankers, captured websites and false identities, confiscated income, and much
more. History might someday tell the stories properly, but since such large
scale, and so critical to forming new global boundaries, only the victors
will recount the stories. Each gold trove is worth in the multiple $trillions
for magnitude. In the Fort Knox case, only half $1 trillion. Any usage of
multi-$trillion treasure troves brought forward for implemented usage, whether
in fractional form, will change significantly the entire global financial
structure.
The
Yamashita Gold
was hidden during World War II in the Philippines in mountain vaults. It
could contain over 170 thousand tonnes gold. It is known by many other names
that include Eagle and Lilly. Reports are sketchy but the gold appears to
have stolen by the Imperialist Japanese during a century in occupation of
China, complete with pilferage and mass genocide. The stolen Fort Knox
gold was taken during the Clinton Admin, with involvement by the
Philippines once again. This time 1.3 to 1.5 million 400-oz gold bars were
recast and replaced by tungsten, bearing a thin gold clad. The principal
victim in the fraud was the Hong Kong banks, which are being given relief in
restitution on a monthly basis. See the USDept Commerce reports under the
strange ledger item of Industrial Metals & Supplies. The Gold Treasure
of Chinese White Dragons consist of a network of elite families, whose
wealth accumulation could stretch over a few milleniums, during several
dynasties. They have a rumored 115 thousand tonnes gold. Some of their
bullion was leased to London around 50 years ago, surely earning some
interest. However, the leased gold was improperly used to create the
foundation of the Euro Monetary Union, complete with fraud aided by Goldman
Sachs in betraying the Maastricht Rules for entry. Around 30 thousand tonnes
gold was repatriated by the Dragons from London from March 2012 to end 2014,
with the assistance of the Interpol Fraud Division and a crack team of
attorneys.
Old
legacy USTreasury Bonds with gold backed guarantees remain a big
mystery. Rather than being treasure troves, they are the opposite. China
appears as owners of the legacy bonds, which the USGovt, in its usual inimitable
style, continues to renege upon, using flimsy claims that the bonds are too
old to be redeemable. The exceptional nation again is exceptionally
dishonorable and corrupt to the core. The newest item perpetuates the deep
intrigue. Ben Fulford has been stirring the global cauldron of golden soup
with stories of the Mongol Gold Treasure, kept in Switzerland about
one hundred years ago, which was improperly used to set the foundation for
the little nation creation on the southeastern end of the Mediterranean in
1945. Its dispute could be at the center of the hidden negotiations for North
Korea.The tonnage volume is not clear, but it could be more than 20 thousand
tonnes gold. The entire unification of Korea could entail the formation of a
Mongolian Regional Empire, possibly in the form of a trade zone, maybe even
fortified by a new gold-backed currency. Expect the region to become a
participant in the Eurasian Trade Zone, even while defusing constant nuclear
tensions, which the Western cabal thrive upon, promote so well, and thrive
upon. Just last week, the Indonesian Govt has wrested control of the biggest
gold mine on the planet. The Grasberg Gold Mine is no longer under
globalist banker cabal control. It has been the site of hidden warfare. The
story unfolding should be very interesting. Its size is immense. The photo is
impressive. Its 2016 year production: 1.063 billion pounds copper, 1.061
million ounces gold, and 2.9 million ounces silver. Its owner operator is
Freeport McMoRan.
 
LOCATIONS
OF CURRENCY CRISIS
The Gold
Standard is often brought to the fore in solution to nasty currency crisis.
They bring to the fore a sense of urgency to global currency reform like
never seen in recent years. Never in Jackass memory can so many locations be
identified as suffering from active currency crisishere and now. From past
experience, and from vivid accounts that even press coverage cannot deny,
currency crises are always devastating. They bring price rise in chaos,
supply shortage in chaos, business ruin in chaos, job loss in chaos, official
policy in chaos, and a sense of lost control by government officials which
breeds public uprising.
The
global locations are Venezuela, Turkey, Mexico, Argentina, Iran, and to some
extent Russia. The solution is commonly trotted out as a Gold Standard for
the currency, to reinstill confidence, to stem the monetary abuse (in new
money creation), to execute the path toward restoration of balance, and to
force discipline. What deep irony if the Gold Standard finds its initial
rooting system in these secondary nations, only to establish some stability
with clear view from the global stage. Then later in the next step, the Gold
Standard can be installed and implemented on a more global basis in hundreds
of countries. The true bane for toxic money is gold, which will strip the
banker cabal of its global chokehold in power.
The
Turkey location is loaded with intrigue. In November 2015, the Turks unwisely
shot down a Russian AirForce jet in the Syrian theater of conflict. The
ensuing entanglement was ugly. The Russian response was cool calm and
collected, but it did result in a complete tourism boycott which harmed the
Turkish Economy significantly. It has not fully recovered. After peacemaking
measures occurred, the Russians renewed the Turkish Stream pipeline which had
been suspended. Russian President Putin never raised the stakes in the
conflict. Then came the July 2016 failed coup of Turkish President Erdogan, a
coup led by the United States and its NATO cohorts. Nothing about NATO has
focused on any alliance toward security or stability in the last 20 years,
contrary to popular opinion. Then came the ongoing NATO dispute over location
of aircraft. Strangely, the Turks continue to depend upon Western aircraft,
missile, and weapon parts, after 50 years of their participation. In recent
months, the focus has been on the Turkish central bank for their stubbornness
not to hike interest rates in defense of their falling currency. Their
currency crisis continues.
The
Bloomberg Cafe Con Leche Index (coffee with milk) tracks the price of a cup
of coffee served at a certain bakery in eastern Caracas, their capital city.
Its price has jumped to 1,400,000 Bolivars from a base of only 2300 Bolivars
over the past 12 months. The price increase is an astounding 60,770 percent.
While the gauge is not as sophisticated as a conventional consumer price
index, it has legitimate merits. It is tangible and tracked regularly, and
provides a unique glimpse at inflation in the country. The Maduro Regime
continues in power, against the will of the people. Shortages are acute and
growing worse, with a global spotlight at work. They suffer from shortages in
rice & beans (from their export), in toilet paper, in condoms, an in a
host of items. Despite stabilizing efforts by the Russians in oil operations
and by the Chinese in debt finance, their currency crisis continues.
GLOBAL
RESET HAS BEGUN
The
Global Financial RESET has already begun. Many are the faces of the reset,
especially with non-USDollar platforms. Two key events lie on the imminent
horizon which will release the Gold price. A trusted superior reliable source
has indicated that two key events are imminent. The Jackass guesses 1) the
Deutsche Bank failure with Italian banking system collapse AND 2) the Gold
Trade Note introduction with Chinese RMB interchangeability. Expect the
Chinese Govt short-term bill to possibly be equivalent to the Gold Trade Note
during an interim period, like for a caretaker role in transition. It will be
used on oil payments. Expect the banking systems of Germany, France, and
Italy all to enter a grand crisis. A list of potential key events is provided
in the June Hat Trick Letter report. A second list of key disruptive
additional events is provided. The QE official monetary policy has been a
grand failure, keeping the big banks afloat, but while killing the main
tangible economies in the process. The proof lies in the multi-year decline
in Money Velocity, amidst supposed stimulus. Meanwhile, a long list of
non-USD platforms has been developed for amplified usage. China has led the
non-USD procedures, with the Belt & Road Initiative its primary banner.
It boasts between $6 and $8 trillion in listed approved projects, all to be
carried out without USDollar usage.
home:Golden Jackass website
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Jim Willie CB, editor of the “HAT TRICK
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