Gold Effect on Mining & Shale Wasteland
KING DOLLAR DEATH WATCH
Before diving into the featured topic, let it be known that the USD-based platforms and USGovt-sponsored continental trade unions are a dismal failure, poorly crafted, poorly sold. The effect will be to accelerate the gradually accelerating USDollar rejection on a global scale. The war and sanctions angle continue to support and defend the USD, but it is unsupportable (due to crippling debt) and indefensible (due to QE hyper inflation). The previous week was the most damaging in many years from a psychological standpoint. The Chinese-led Asian Infrastructure Investment Bank (AAIB) won converts recently from Australia and Britain, but last week from Italy, France, Germany, Switzerland, Luxembourg, and seemingly Japan. A noticeable impact was observed on the Kenyan impostor squatter, who works to contain the damage. This week Turkey joined the AIIBank. Keep in mind that the AIIBank is for development projects. It begs for a more honestly stated function for the New Development Bank also promoted and funded by China. The NDB is the gigantic Trojan Horse. The Jackass has been boldly stating that the NDB is for converting USTreasurys, EuroBonds, UKGilts, and JGBonds into Gold bullion and will form the BRICS Gold Central Bank. The conversion process will send the Gold price toward $10,000 per ounce. It is written, but in secret. It will be done, from expedience. It must be, in order to put the global financial system in sound structure and equitable balance.
With the debt default from Greece and Ukraine lingering, never to go away, the big Western banks are constantly facing a failure event. However, the bigger immediate threat might be the Emerging Market debt. It is fixed in USD terms. So the debt burden has shot up over 20% in almost all such nations due to currency shifts. Therefore with debt failure on one side and banking platform abandonment on the other side, the King Dollar looks legless, castrated, full of acne, with too much evidence of voyeurism in allied bedroom windows, and too much shooting civilians for sport. The King Dollar needs a quick trip to the funeral parlor, then cemetery, in favor of the Gold Standard. The clear path has been laid out. The Gold Standard will arrive from the trade ramps, not the FOREX window. Then later, the global banking systems will discard the USTreasurys held in reserve. The event will trigger QE4, and collapse the Western central bank franchise system. Then comes the New Scheiss Dollar on a contrived platter. Gold will win, just a question of when, how, and the depth of global economic destruction.
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