April 2016 Gold Investment Report

8/17/2019 April 2016 Gold Investment Report

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GOLD INVESTMENT REPORT

PRECIOUS METAL &ENERGY

CURRENCIES & STOCK

INDEXES

* Addendum Quotes* Into Go!den Nu""ets

* O#! $%s on Cuen' (ont

* Eu%s#%n T%de )one UndeConstut#on

* C#n% $ee!s & De%!s

* Go!d $% #n C!#m%+ P%se* Go!d P#e & P's#%!

Mo,ements

* Eonom' %s % K#!!#n" (#e!d

HAT TRICK LETTERIssue #145Jim Willie CB,

“the Golden Jackass”

22 April 2016

## ADDENDUM QUOTES

"A new dawn in the gold world is upon us. We mightsoon see a day with a $120 to $150 jump in gold anda $1.50 to $2.00 jump in silver. It will be the hinesetesting the Western ban!er orrupt halls #or a sho!wave wresting ontrol %nally as lima& to a titanistruggle. 'he (ast has had their %ll o# Westernorruption #raud internal inter#erene regional warand )atanism. It will be li!e a *i! o# the nose amartial art punh to the solar ple&us a !i!ing down

the door a smashing o# the gold window. )ome trulyspetaular events are oming soon. 'he hineseoperate on a di+erent time sale to be sure.,owever it appears their entury o# patiene hasended. 'he Western ban!er abal stole the -ussianarist gold. 'he Western ban!er abal stole thehinese Imperial gold. 'he /)ovt is not an honorable player. 'hey have been e&posed #or their rimes o#


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gold the#t. ustie and remedy ome soon very soon." ~ Jackass

"'he -uble is the most goldba!ed urreny in theworld. -ussian urreny reserves are e&essive twieas muh as our monetary base. As the most undervalued urreny in the world the -uble is %ve timesundervalued in terms o# purhasing power parity andit is also the most volatile driving us arti%ially intostagnation. 34'-A)'6 7eveloped ountries 3withtheir6 monetary and industrial poliy *oods theeonomy with money. In the last eight years therehas been an unpreedented issuane o# 7ollars

(uros 8en and 8uan. 'he value o# the world urrenyin 7ollars i.e. the amount o# the dollar mass hasgrown #our#old sine 2009." ~ advisor to the RussianPresident, assistant to Economics Minister SergeyGlazyev, and a member of the Russian cademy ofSciences

"Always ma!e a good treaty with -ussia." ~!hancellor "tto von #ismarck

")audi is one o# strangest bed#ellow stories in /)history. We made them to serve the :etro7ollar#untion as vassals to the -o!e#ellers. :apa ;ushorrupted them to ma!e a !ing lines. 'heywere enouraged to supply I)I) oordinated with the?angley ;ritish @I and even the @ossad. 'he:entagon uses them on weapon sales while assuring

their ollapse with the 8emen War. 'he )audis hold anestimated $5 trillion in /)ovt debt a motive toeliminate the huge reditor and to e&punge theaount. ow the )audis are marhing to the hinesedrums and sounding the Bremlin signals. What omesis more an e&ample o# !illing the e&lover and #ormerritial partner during threats by the )audis to dump


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/)'reasurys i# the /)ongress pursues investigationo# the


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negative territory onstantly inrease the amount o#something I li!e to all Euantitative ounter#eitingand ultimately hope #or a good ending. It is just not possible. 3We see that6 H0 o# all the worlds

sovereign debt now has a negative sign in #ront o# it.'hat is $9 trillion. The only escape is adefationary depression on a global scale romthe lies o which the world has never seen.!old is going to be a winner no matter whathappens" #since$ there is no losing scenario orgold. I believe all the urrenies out there are goingto lose their value the reason being that the realmoney out there Jand it has been #or thousands o# yearsK is none other than old." ~ Michael Pento

"I li!e you treat internet soial networ!s li!e the plague. Laeboo! and ?in!edIn are insidious predatory programs that go into a members omputer and mine their ontats and emails #or #resh meatJemail addressesK. I got rid o# the pests by blo!ingany email ommuniation with a #aeboo! or lin!edine&tension. A typial invite would be F,I I'F) -IBM IF7?IB( 84/ '4 ;( @8 L-I(7=A))4IA'(. ?IB ,(-(4W '4 )I /:.F Well I have tal!ed to -i! and he

did not send any me invitation. ,e joined a #ew yearsago and does not even visit the websites anymore.'hose slimeballs still have his mine and your emailson their lists o# potential members. 'hey will never let up. @ay they all go to hellG" ~ '(% client $PJ&

"We have entered the %nal stage o# a gold bullmar!et. )o mar! your alendarN 201 to 201O bareminimum. We are entering the era o# $5000 gold. 'he

last stage o# the 20th entury repriing in thesemetals is here. It is now." ~ )avid Mclvany

"It is now lear #rom a review o# the settlement thatoldman )ahs li!ely will pay muh less in penalties


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than the ustie 7epartment laims due to speialredits inluded in the deal and unbelievably ta&dedutions the ban! will reeive #or payments itma!es under the settlement. ,ow is it possible that

ban!s engaged in suh massive misondut but noban!er was involvedP Is it possible that we havewitnessed an immaulate orruptionP It de%esommon sense. Apparently i# someone lies about 10mortgage loans they will #ae the #ull #ore o# the law.I# someone lies about hundreds o# thousands o# loansthen they an ount on the shareholders o# theirompany to pay their way to e&oneration." ~Sacramento #ee

"Whenever I hear the word 7(L?A'I4 my immediatethought is the writer is a #ool an idiot a bona%demoron with little omprehension o# the #ators inollision and the poliies are wor!. 'hey should de%nethe term 7(L?A'I4 but they do not. We have hypermonetary in*ation pure Qimbabwe style but moresophistiated within the %nanial engineeringmahinery. It tends to be overed up by tal! o#de*ation and re#erene to a low Jgimmi!edK priein*ation inde&. Instead we have debt de#ault and

bond brea!downs along with business losures andwre!ing balls applied to employment. 'hat aintde*ation. All these monetary slush #unds #rom entralban!s are in the proess o# #ailing in #ull view thebrea!down ourring in the /)'reasury ;ond mar!et.'he evidene is seen in the pain #elt by :rimary ;ond7ealers the huge Lailures to 7eliver in /)'reasurysand the ampli%ed ativity in -everse -(:4s. 'hesystem annot !eep up with the #abriated /)';onddemand #rom derivatives. -ampant monetary in*ationhas destroyed the entire system with the

ontaminated tail being the emaiated /)(onomy."~ Jackass

"We onlude that :@organ in ooperation with the;an! #or Intl )ettlements ontrol the dollar gold prieby using their very dominant position in gold


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derivatives in the /) ;an!ing )ystem. Lurthermorewe onlude that the paper volume sets the dollargold prie and that there is almost no in*uene onthe dollar gold prie #rom the physial )upply C

7emand." ~ *ico Simons $)utch investigative +ournalist&

"What I !now #or sure is that the ationalist hineseovt plaed a large sum o# gold on deposit with theew 8or! Led in 1


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'ER( ((!5, !"%%PSE E1E*(, * E6E!7(0"*888 ('E0R 20**!0% 97R(ER%3 S((EME*( 4S 4"RSE ('* M0SER#%E888 ('E MR5E( E*10R"*ME*( 0S%"7S3, ('E0R PRE3 ('0**E) "7(, *) ('E0R

10!(0MS 40SER8 ///

Put the blame on volatility, or the other shallo-moronic crutch, oor li:uidity conditions, as is thecustom in the al-ays favorable ;nancial ress8 2irst:uarter net income $disclosed on ril ?@ to/bnor />8=D a share, a year earlier, -hen the bank

recorded its best :uarterly ro;t in ;ve years8Goldman -as the last of the big 7S banks to release9< results8 Fluctuating commodities, lo oil!"ices, a sloing $inese Econom%, andunce"taint% a&out US inte"est "ates managed tosca"e o' in(esto"s and com!anies, so t$e(ene"a&le c"ime cente" claims) 4ithout bond carrytrade and some manageable stock bond movement,they might not have had any earnings at all8 *etrevenue droed DF@ to /?8bn comared -ith/


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lie and deceive them, and call it business as usual8May GSaH die a horrible death8 Goldman SachseHenditure on salaries, bonuses, and other eHenses-as /A8??bn for the ;rst :uarter, -hich is DF@ lo-er

than the same time last year8 !ost cutting is thecommon theme on 4all Street these months8 See ##!$'ERE&8

(he Jackass adds some unusual notes8 (heir game istoo -ell kno-n anymore at GSaH, as sovereign entitiesand large layers alike are choosing not to dobusiness -ith them8 (hey have -on a reutation ofeHloiting clients, not -orking for mutual bene;t8 It

could &e t$at Goldman Sac$s is going don)T$e% e"e gi(en license to *ill Le$man+"ot$e"s, "at$e" t$an to &e ta*en don &% t$ei"e(en la"ge" mo"tgage !o"tolio) 0f truth be kno-n,GSachs stole some %ehman assets, buying them andnever aying for them, art of the key strangulationrocedure eHecuted -ith the comlicity of JPMorganand ermission by 7SGovt oIcials at the (reasury)eartment8 GSuH might be going do-n this time8 (hevenerable criminal organization, -here fraud isrotected, has victimized too many o-erful layers8

S!eculation on m% !a"t, &ut $ina mig$tdemand t$at t$e USGo(t !e"mit o" a""ange t$eGS deat$ e(ent) (he biggest 7S banks are in -orstshae than in AFFB before the %ehman event8 JPMorgan might be ac:uired by another 4all Streetbank since JPM is insolvent8 (hese are strange anddeadly times8

./// 4%% S(REE( M"R(GGE #"*) 2R7),

S4EE( )E%888 #3 S10*GS ('E #0G #*5S, ('EE*(0RE E!"*"M3 *) 20**!0% S(R7!(7RE 4SS!R020!E) *) 50%%E)888 ('E #%"") "2 ('E0**"!E*( S(0S20E) ('E %7!02ER ('0RS(888 #"*)2R7) 'S !"*(R0#7(E) (" 4RE!5E) S3S(EM,%"S( 4ES(ER* !"*(R"%, *) G7R*(EE) G"%)

http://www.bbc.co.uk/news/business-36083324http://www.bbc.co.uk/news/business-36083324


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S0%1ER P'"E*068 ///

4all Street has devised numerous deely criminalmethods8 Jackass favorite ertains to mortgagebonds, the securitized bond that ackages a secureincome stream, sold to institutions -ho crave theincome since its ays a nice yield8 O cou"se t$e%can commit suc$ c"imes since a main !iece tot$e Fascist +usiness Model it$in t$e -nancialsecto") In committing suc$ c"imes, in a""angingsuc$ &ond "aud, t$ese &an*s $a(e not c"eatedan% sta&ilit% o" o"de") T$e% $a(e instead"ec*ed t$e enti"e s%stem, and $olloed out

t$e ca!ital o"mation mec$anism) 'ere is myfavorite crime they did regarding mortgages8 mortgage bond is suosed to have say F to AFFhome loans -ith secure ayment as income streams,all arranged to suort the bond and to rovide thebond yield8 0t is much like a !) at a bank that ays ayield, eHcet that home loans and monthly aymentsback it8 (he titles for the homes -ere ket in theMERS database, -hich stands for Mortgage ElectronicRegistration Systems8 "rder and convenience -erethe aarent motives, but ease of criminality -as the

eect8 (he database -as +ust a device for keeing allthe data handy for fraudulent uroses8

(he 4all St banks did double dealing in securitizedbonds8 (hey used some homes $address, loanK& morethan once, as in linked to more than one bond, bysimly grabbing the home data and using it as they-ished8 (he same banks used the MERS database toalter the data $in :uick roer udates& -hen a bond

-as dissolved and reackaged into another bond, or abond -as urchased as art of a more comleHinstrument like a !)" $!ollateralized )ebt "bligation&84all Street banks -ent absolutely crazy -ith theirmortgage bonds and associated leveragedinstruments8 (he synthetic contracts organized sidebets on bond failures, an obscenity that oered more


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fees to the banks8 It as estimated t$at eac$$ome loan in t$e United States $ad to to t$"eeusages in suc$ &onds, as in du!licate usage inout"ig$t &ond "aud) (he average number of

fraudulent uses for a home loan in a bond should havebeen eHactly


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defaults ush further to record highs, according to7#S Grou G credit strategists Matthe- Mish andStehen !ario8 (hey -rote, "'here is a bubble inspeulative grade redit. )imply put lients were not

being ompensated #or the redit ris!." slo-do-n in7SEconomic gro-th could cause the bubble to o,utting stress on the lo-er :uality comanies thatconstitute almost half of the universe of seculativeLgrade bonds and loans8 A .uic* di! into "ealit%ould !"o(ide e0actl% suc$ a &ac*d"o!, &ut U+S1li*e ot$e" &ig &an*s2 anal%sts must assumesluggis$ g"ot$ mant"a) 0nvestors that cro-dedinto the debt securities on the lo- end could suermassive losses, eHlained !ario8 (he samestrategists ut the robability at A@ of a 7S

recession this year, -hich is actually hilarious8 (he 7Shas been stuck in a nasty recession of minus D@ tominus ?@ every year since AFF=8 !ario must meanan admitted recession8 (he +oke is on them

(he traits of distress are every-here8 4hile creditsreads tightened, recovery rates have slied8Princial investors get back less these months -hen adefault occurs8 In(esto"s "eco(e"ed an a(e"age

o" ailed 3un* &onds o 44)56 du"ing t$e lasttel(e mont$s, don "om 47)46 at t$e end olast %ea") T$e measu"e is a" &elo t$e 478%ea"annual a(e"age o 9:)96, acco"ding to a ;/Mo"gan "e!o"t) (he conse:uence is thatseculativeLgrade comanies -ill surely ;nd it evenmore eHensive to borro-8 0nvestors have -ithdra-n,-orried over -eakening credit :uality and ooreconomic trends8


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bond indeH on yield, rising into the danger level8

(he inherent risks are eHonential8 0f Mish and !ario

are correct, :uality deterioration and market illi:uiditycould ush seculativeLgrade default rates to a record-hen the bubble bursts8 E0!ect &ond s!"eads on 3un* de&t could iden to :>)96, mo"e t$andou&le $at t$e &onds cu""entl% %ield o(e"UST"easu"%s) T$e t"ailing :48mont$ deault "atein t$e United States stands at 9):6, a!"iocited) (he 7#S duo -arned, "Investors were herdedinto lower Duality redit ris! #or a yield pi!up o# aouple hundred basis points. ;ut the #undamental problem is that the de#ault ris! is e&ponential not

linear in these seurities." 7#S said it is structurallybearish on cororate credit, as they favor higher:uality assets8 4hen the bubble bursts, it -ill createstee losses for investors cro-ded into cororatecredit8 (hose -ho chase yield tyically ignore risk, +ustlike in AFFCLAFFB8 (he result -ould be tighter creditconditions, shutting do-n +unk bond issuers, andlimited bond issuance of higher :uality as -ell from


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the market8 See #loomberg $'ERE&8

./// S7)0 M"*E3 MR5E(S J7S( S*PPE),"#SER1#%E PR""2 ('( ('E0R 4E%(' 'S #EE*S("%E*888 E10)E*!E "2 %0970)0(3 S'"R(GE $"0%RE1E*7E, 4R !"S(S, 1!(E) 4E%('& "R )EEP)0S(R7S( M"*G )"MES(0! #*5S888 !"*!%7)E#"(' 2!("RS ( 4"R5, S 0MP%"S0"* M0G'( #E*ER *) REG0ME !"%%PSE888 #E "* ('E %""5"7(2"R P%!E !"7P 0* ('E M0)S( "2 !S'S'"R(GE *) 1E*GE*!E8 ///

midst the long chain of nasty events in the global;nancial sector in the month of ril, somethinghaened in Saudi rabiaNs banking system that -aslargely uncovered by analysts too concerned overhorrendous energy sector losses hitting big banks,central bank continued futile atch-ork, ernicioushuman duming in Euroe, decetive false stockrallies, vicious -ar udates, and more8 T$eo(e"nig$t de!osit "ates in Saudi A"a&iae0!loded to t$ei" $ig$est since t$e -nancial

c"isis in 4??@) cash shortage seems to haveeruted8 (he conclusion is easily made that the stressin Saudi markets has sread from the for-ardderivatives markets to actual funding roblems8 T%le"Du"den concludes in one o to a%s eit$e"Saudi &an*s a"e des!e"atl% s$o"t o li.uidit%, o"Saudi &an*s a"e loaded it$ mutual dist"ust oeac$ anot$e") 0f the latter, it is evident by chargingconsiderably more to account for the susected creditrisk8 Either -ay, not good, in a highly dangerousrecarious situation8 See Oero 'edge $'ERE&8 (he

Saudi cash situation has been aggravated by lo-er oilrevenue, stubborn -ar costs, deviously vacated-ealth, and even high costs of ublic handouts toacify the citizens8 (he Saudis are running out of cash,-hich could invite the alace cou ;nally8

http://www.bloomberg.com/news/articles/2016-04-11/ubs-says-junk-debt-bubble-just-an-economic-slowdown-from-poppinghttp://www.zerohedge.com/news/2016-04-08/something-just-snapped-saudi-money-marketshttp://www.bloomberg.com/news/articles/2016-04-11/ubs-says-junk-debt-bubble-just-an-economic-slowdown-from-poppinghttp://www.zerohedge.com/news/2016-04-08/something-just-snapped-saudi-money-markets


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4itness a true dead zone8 T$e


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Ne Bo"* and London) T$e A"a& ealt$ asneeded to &u% mo"e time in USDolla" deense) (he rab -ealth underinned the 7S)ollar fortress inthe EHchange Stabilization 2und managed by the

7S)et (reasury8 (he Jackass estimates that thebanker cabal stole oneL:uarter of a /trillion in rabgold in the S-iss hills, and stole at least / trillion inrab held 7S(reasurys in the 4ashington vaults8

./// ('E #*50*G !R0S0S E6P%")E) 0* E7R"PE "* S7*)3 2(ER*""* 0* ER%3 PR0%888 ('E7S(R0* G"1( "R)ERE) 20RS(LE1ER #*5 #0%L0*,!"*20S!(0*G )EP"S0("RS M"*E3 2"R 20%E)

#*5888 0( 4S ('E RES!7E RES"%7(0"* #*5 ('(20%E)888 20RS( !3PR7S, ('E* GREE!E *)P"R(7G%, *"4 7S(R0888 #E "* ('E %""5"7( 2"R#*5 R7*S8 ///

n imressive black s-an might have landed in!entral Euroe on ril rd8 (he risk is raised totrigger a collase of Euroean banks8 (he ustrianGovt ordered a bailLin of a failed bank8 )eositor

funds -ere seized to ay bank debts, leaving citizens-ith emty hands8 T$is could &e t$e actual sta"to a com!lete s%stemic &an*ing colla!se inEu"o!e as !anic*ed citiCens, seeing t$ei" ellode!osito"s (acated, sta"t !ulling t$ei" mone%out o t$e &an*ing s%stem) (his has disaster-ritten all over it8 bank run across the -eakerregions of Euroe could occur8

Just over a year ago, a sectacular develomentbegan the decay rocess8 0n ustria, the bad bank offailed 'yo le dria $the 'eta sset Resolution&-ent from good to bad, -ith its creditors forced intoan involuntary bailLin follo-ing the discovery of a /B8>billion caital hole in its balance sheet8 0t -as a messyse:uence -ith 'eta and 'yo, as E7R >8> billion offederal aid -as burned :uickly, -ith no solution


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rendered8 T$e "ecent &ail8in decision is t$eclima0 o t$e e(ent t$at &egan a %ea" ago,alt$oug$ t$e action $e"e is $a"dl% a "esolution)$allenges a&ound)

"n Sunday ril rd, under cover of -eekend leisureand festivity, follo-ing a decision by the ustrian#anking Regulator, the 2inanzmarktaufsicht $aka2inancial Market uthority&, ustria oIcially becamethe ;rst Euroean country to use a ne- la- under theframe-ork imosed by the Euroean Recovery Resolution )irective to share losses of a failed bank-ith senior creditors8 0t slashed the value of debt

o-ed by 'eta sset Resolution G in a s-eeingmove8 (he details of the action against 'eta are

• a D@ bailLin, resulting in a D?@ :uota, for all

eligible referential liabilities

• the cancellation of all interest ayments from <

March AF, -hen 'eta -as laced intoresolution ursuant to #aSG,

• a harmonization of the maturities of all eligiblefuture liabilities8

(he 2M chiefs stated, "While the appliation o# thenew (uropean reovery and resolution #ramewor! #orban!s is unharted territory in both legal and pratialterms we are on target with the resolution o# ,eta.

4rderly resolution is more advantageous thaninsolveny proeedings." (he entire ordeal has beenmessy, contentious, -ith numerous challenges andattemts at resolution on certain elements8 EHectfurther creditor challenges8 Put the big icture inlayman terms8 A &an* in Aust"ia named


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history8 'o-ever, the charade -as a formality for the7SGovt to save face, an eHedited staged se:uence of events8 See Sutnik *e-s $'ERE&8

(he currency used in oil ayments to 0ran -as notseci;ed8 0n recent months, 0ran has been adamantabout receiving Euro currency8 As assets go un8"oCen "om t$e sanctions, Te$"an ocials $a(edemanded immediate con(e"sion to Eu"ocu""enc% "om t$ose assets) Given the ongoingro+ects -ith !hina and 0taly, as -ell as -ith othernations like 0ndia, none of -hich involve the 7S)ollar,eHect that in the ;rst or second ste, the oil sales to

Euroe -ill result in currency other than the 7S)ollarin 0raninan hands8 (hey are the most motivated arty$along -ith Russia& to refuse holding any 7S)ollars8 0faid in 7S) terms, 0ran -ill convert immediately out of ro+ect need or out of site8 )eals -ith 0taly -ouldre:uire Euro currency, -hile deals -ith !hina -ouldre:uire RM# currency8 (he other backroom tradeartner is Russia, -hose military -eaons are aid ina currency not mentioned8

./// 0R* 'S )EM*)E) "0% P3ME*(S 2R"M0*)0 0* E7R" !7RRE*!3888 0*)0 0S #E0*G P7S'E)43 2R"M ('E 7S)"%%R *) 43 2R"M S7)0R#0888 0*)0 40%% )0RE!( M"RE )"MES(0!E!"*"M0! !(010(3 0* E7R" (ERMS888 0* E22E!(,0R* 0S 7S'ER0*G 0*)0 0*(" M"RE !"MP%0*!E40(' ('E E7RS0* E!"*"M0! 7*0"* $(R)EO"*E&8 ///

0ran has stoed selling oil to 0ndia for Ruees8 (heydemand ayment in Euros only, Shana ne-s agencycitied 0ranNs "il Minister #i+an Oangeneh asannouncing8 (he 0ranian energy sector is going fullbore -ith the Euro and boycotting the 7S)ollar8 0ndoing so, they comly -ith the Eurasian (rade Oone

http://sputniknews.com/business/20160417/1038151840/iran-oil-deal.htmlhttp://sputniknews.com/business/20160417/1038151840/iran-oil-deal.html


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dictum8 (his year the 0slamic Reublic of 0ran lans toeHort A8A> million barrels of crude oil er day8 0ranhas s-itched to Euro in its foreign oil trade, in a bid tocut reliance on the 7S)ollar8 fter the removal of

sanctions, (ehran also -ants to recover in Euros someof its reviously frozen assets8 (he olicy iscomrehensive in antiL7S) nature8 (ehran has alsotold its trading artners -ho o-e it /billions that it-ants to be aid in Euros rather than 7S)ollars8 (heburden is on the asset seizing arty to convert toEuros8 (hese ;rms have stolen 0ranian interest on theaccounts8 s art of the 0ran *uclear )eal, recovery of frozen funds by 0ran -as allo-ed in currencies such asthe "mani Rial and 7E )irham8

(he 0ndian Ruee ayments -ere closely involved -ith7S) in eHchange for routine usage inside 0ndianEconomy8 Going to Euros directly eliminates the 7S)eHchange and forces 0ndia to -ork less in 7S) andmore in E7R8 2urthermore, in the recent ast, the0ndian Ruee $0*R& served as an indirect -ay for 0ranto obtain Gold for "il in a threeL-ay scheme thatinvolved (urkey8 (hey did not rely uon the 7S) intransactions8 India8I"an oil gas deal is $uge on

se(e"al counts) It "educes Indias de!endenc%on t$e Saudis o" oil su!!l%) It "educes Indiasde!endenc% on t$e USD o" ene"g% t"ansactions)It acilitates t"ade &eteen India8I"an and fromthere on to all the Stans $former Soviet Reublics&,and further to Russia, (urkey, and Euroe8 See Sutnik*e-s $'ERE&8 (hanks to EuroRa+ for analysis from hisneck of the -oods8

./// 3EME* "0% GS RESER1E 4E%(' 0SRE!E010*G S"ME ((E*(0"*, S M"(01E 2"R 4R888S7)0 R#0 0S ('0RS(3 2"R 3EME*0 E*ERG34E%(' (" REP%!E ('E0R "4* )EP%E(E)RESER1ES, ('E )0R(3 SE!RE( 0* R03)'888 M"RE (ERR"R0S( *"*SE*SE %0((ERS PRESS PGES ("

http://sputniknews.com/middleeast/20160410/1037787080/iran-india-oil.htmlhttp://sputniknews.com/middleeast/20160410/1037787080/iran-india-oil.html


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!"1ER 4R M#0(0"*S *) RES"7R!E ('E2(8 ///

(he Jackass has surmised that due to basic roHimity,looking at 3emen and Saudi rabia on the ma, that 3emen also ossesses large oil deosits8 (he t-onations occuy the same rabian Peninsulageograhically8 "il con;scation -as osed as motivefor the -ar in the 'at (rick %etter since last year, andcontinues to be osed as such8 (he 4est has neverhad it fully eHlained the motive for the Saudi -aragainst its neighbor8 (he usual mumbo +umbo about0slamic terrorists is cited, or Moslem sectarian strife,-hich go in one ear and out the other for the Jackass8

(he 4ashington #oyz surely taught the Riyadh Royals-ell on the basics of roaganda, most easilys-allo-ed by moronic vie-ers of national ne-snet-orks8 month ago in March, Phil #utler of *e-Eastern "utlook -rote, "iven the nature o# theountryFs 3)audi Arabia6 oil reserves and almostunlimited prodution #or deades it is possible the)audis ould simply be running out o# gas." 0t hasbecome more common kno-ledge that Riyadh hasbeen eHloring and develoing its more costly oLshore ;elds on a routine basis8 T$e still am!le Saudi

"ese"(es a"e a g"and lie, a consistent ma3o" ;ac*ass t$eme o" a e %ea"s, and t$e% a"edes!e"ate to "e!lace t$em)

4hile 4estern media outlets usually refer to 3emen asa minor energy roducer, the reality is that thedisorganized sandy -arlord zone is sitting onsubstantial oil gas reserves, -hich Saudi rabia andits allies -ant to control8 T$e Saudis $a(e in t$e

last to %ea"s de(elo!ed an e0t"emel%&ellige"ent and agg"essi(e stance toa"d allt$ei" neig$&o"s, an attitude consistent it$e0!loitati(e moti(es laced in agg"ession) Recallthat the 7SGovt encourages their attitude, since theSaudis urchase signi;cant -eaons from the7SMilitary contractors, and they suort the 0S0S


21/86

terror movement -ith funds, -eaons, and soldiers8

#utler oered an udate to his ersective andanalysis8 "-unning out o# the last o# the nationFs onlysaleable resoure the )audi royalty have put theirountry into a mess the potential #or revolution therebeing aute should the people disover the real prediament. 'his is why we see an FA?? IF )audiaggressive stane on )yria with Iran and espeiallywhere 8emen is onerned. While Washington thin!tan! evangelists try and play the tensions o+ as)unni)hiite religious #rition new oil reserves are thetruth o# these matters. )audi oil minister Ali alaimi

said that the !ingdom would not inrease produtionapaity beyond 12.5 million barrels per day #or thene&t H0 years in ontrast to earlier alls to inreaseoutput to 15 mb=d to meet global demand.)imultaneously however )audi Arabia has massivelyinreased the total number o# drilling rigs in reentmonths. 'his year the total number o# rigs is set to hit a reord o# 190 nearly double the OO rigs in 4tober2012." (heir reserves are largely deleted8

#utler makes great oints, one after the other8 'e-onders in his analysis -hy did the Saudis rush toinstall ne- rigs, esecially oLshore rigs, -hich areseven times more costly to run, i Ri%ad$ as not!lanning to inc"ease its !"oduction ca!acit%)Li*e t$e ;ac*ass, t$e NEO anal%st &elie(es t$atSaudi A"a&ia $as &een l%ing o" decades a&outits actual oil ca!acit%) (o maintain its global o-er,its alha etro role, and its -ealthy income, theSaudis must maintain control over oil reserves beyond

its borders, articularly in 3emen, the neighbor to thesouth8 lso, 3emen controls the Gulf of den androutes to the Suez !anal, a ma+or strategic oint8 (he4estern establishment is assisting Saudi rabia, and-ith some +usti;able contemt8 In No(em&e" 4??7,t$e Re!u&lic o Bemen e0!"o!"iated t$e its oil&asins, t$e enti"e Ma"i& Al8;a +loc*) T$e


22/86

(ictim o" t$e lost in(estment as


23/86

another hit on ril


24/86

*igeria is +ust the latest "PE! nation to oIcially movea-ay from the 7S)ollar and begin transacting in

currencies other than the global reserve8 Severalmonths ago "PE! member lgeria made the sameagreement -ith !hina8 (-o months ago, 0ranannounced they -ere no longer selling their oil in 7S)terms in the -ake of the 7SGovt lifting the economicsanctions8 0ran -ould be transacting oil sales using theEuro as their rimary currency8 it$ Russia and$ina ta*ing a &igge" lead in inte"nationalt"ade, t$e da%s o t$e /et"o8Dolla" and t$e"elated US $egemon% o(e" t$e glo&al -nancials%stems a"e coming to a close) 4ith !hina on the

cus of bringing online their ne- !0PS aymentsystem, along -ith a ne- global gold ricingmechanism in Shanghai, the break by the global;nancial centers a-ay from the 7S)ollar is assured8 0tcould be measured in +ust -eeks or months ratherthan years8 See Rogue Money $'ERE&8

./// *ER%3 F "0% (*5ERS RE !7G'( 0* (R220! JM "22 ('E 0R90 !"S(888 0R* 'S

7*)ER!7( ('E G7%2 R# EM0R(ES "* PR0!E888 #7( ('E #0GGER 2!("R M0G'( #E E6!ESS01E "7(P7( 0*#SR 0R98 ///

"il tankers are caught in a traIc +am near the 0ra:iort of #asra in southern 0ra:, causing delays inloading8 ccording to Reuters, around F very largecrude carriers $1%!!s& are sitting at the northernn endof the Persian Gulf8 (he backlog could cost shi

o-ners more than /C>k er day8 Some vessels couldbe -aiting for -eeks to reach the ort8 !heck out thisshocking satellite hoto of the tanker traIc +am +usto the coast of 0ra:8 0t is reminiscent of the Gulf ofMeHico circling atterns noted a fe- months ago inthe 7S coastal -aters, of shis unable to deliver8

http://www.roguemoney.net/stories/2016/4/18/nbkm154a5axk14y7p3s155i7svusorhttp://www.roguemoney.net/stories/2016/4/18/nbkm154a5axk14y7p3s155i7svusor


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(he culrit is high oil roduction in 0ra:8 (he ort at#asra is struggling to load u all the oil tankers fastenough, forcing some to sit and -ait8 0ra: eHortedabout 8A? million barrels er day $mbd& in Marchfrom its southern coast, -hich is u from +ust A8> mbd

in AFF er day to /CD,CFF erday8 s of ril Cth, there -ere AC 1%!!s sitting in theGulf near #asra, holding about D million barrels of oil,double the tyical backlog8 Some have been -aitingfor -eeks8 (he current -aiting time is


26/86

./// )E#( SP0R% GR0PS PEME6 *) ('E ME60!*E!"*"M3, S !"*(R"% 0S %"S( 970!5%3888 M"")3S

G1E PEME6 )"7#%E )"4*GR)E, *) P7( ('EME6 G"1( )E#( "* *EG(01E "7(%""5888 0( 40%%S(R7GG%E (" 20**!E M"*("* )E /#0%%0"*S 0*)E#(888 *0G'(MRE 0S !"M0*G (" PSS 40('PR"2"7*) !"*SE97E*!ES888 ME60!" 0S 7*#%E ("RE2"RM, )P(, "R 206 )EEP !"RR7P(0"* *)P""R 0*(ER*% 0*1ES(ME*( 2"R AF 3ERS888M0)S( ('E *(0"*% 20**!0% '7##7#, M0)LPR0% E6P%"S0"* "!!7RRE) ( PEME6 P%*( 0*1ER!R7O8 ///

PEME6 is MeHicoNs chronically indebted stateLo-nedoil giant8 0t is in dee trouble8 0t ;nally has begun todrag do-n the national economy8 (he comany hasbeen bleeding huge losses for


27/86

+aa: to +aa=, a dou&le notc$ $it) 0n *ovemberPEME6 had a very resectable credit rating of a8'ere and no-, +ust siH months later, it ;nds itselferilously erched +ust one notch above +unk8 (he

agency reorted, "@oodys believes that :(@(RFsredit metris will worsen as oil pries remain low prodution ontinues to drop ta&es remain high andthe ompany must adjust down apital spending tomeet its budgetary targets." (hey do not mentionilferage, one of the main drags on the business, -ithdrug cartel murders, thefts, ransoms, and ancillaryielines to conduct the ilferage eIciently8

T$e /EME de&t dong"ade is !ainul) Ne0tMood%s also c$anged t$e outloo* o" t$eMe0ican Go(t so(e"eign "ating "om sta&le tonegati(e) T$e"eo"e a go(e"nment de&tdong"ade is ee*s aa%) (he federales arealready struggling to shore u its balance sheet8 rimary defect is the lo- oil rice8 PEME6 has been akey source of government revenues -ith high oilrices for three decades8 *o need -as acted uon inthe ast to reform a revenue generating giant8 Tocom!ound matte"s, t$e Me0 Go(t must e0ecute

a signi-cant &ailout o" /EME soon, a ste! note0!ected to &e a(oida&le) Fu"t$e" !"essu"es ont$e Me0 Econom% comes "om t$ei"manuactu"ing indust"%) It -nall% eels a (e"%s$a"! !inc$ "om ea*ening US consume"demand o" its e0!o"t &usiness) 'ousehold goods,clothing, and vehicles are mainstain items roducedby MeHico for 7S markets8 (he consensus eHternally isthat ;scal consolidation is urgently needed8 (hey mustorder large sending cuts in both the governmentsector and -ithin PEME68 (he debt rating agency has

been ushing for higher taHes, mass layos at PEME6,trimmed business lines, and the rivatization of largesegments of the oil giant8 (he oil comany hasmorhed from a cash co- to a giant -elfare house,-ith builtLin neglect8 (he government has resistedforeign investment stakes for years8 (hey are ready toinvite foreign oers, but the rocess is slo-, and the


28/86

re:uired ayos to oIcials bogs do-n the rocess8See 4olf Street $'ERE&8

MeHico suered a ma+or eHlosion at their PEME6lant in 1eracruz, leaving three dead8 Plumes of blacksmoke -ere seen rising over the oil lant from adistance8 large eHlosion at an oil facility in thesoutheast MeHican state of 1eracruz on the Gulf ofMeHico has killed three eole $to date& and in+ured


29/86

./// 1E*EO7E% >L3ER )E27%( PR"##0%0(3 'S J7MPE) (" ==@888 0* *" 43 !* ('E3 M5E ('ESEP(EM#ER )E#( P3ME*(S 40('"7( S0G*20!*(0) "R SSE( S%ES "R MJ"R S(5ES "20*1ES(ME*(888 ('E0R )E#( S("R3 4S ("%) %S(M"*(' 0* ('E '( (R0!5 %E((ER8 ///


30/86

## EURASIAN TRADE KONE UNDERONSTRUTION

./// GREE!E #EG0*S 0(S 2"RM% PR(0!0P(0"*40(' ('E E7RS0* (R)E O"*E888 ('E3 RESE%%0*G MJ"R0(3 S(5E 2R"M %RGE S'0PP0*G

P"R( (" !'0*888 0( 40%% #E E6P*)E) S MJ"R (ERM0*% (" SER1E (R)E (" E7R"PE8 ///

Greece stes back in the global shiing industry, andermits !hina to ste for-ard8 (he embattled country-ill sell the countryNs largest ort to !hinese interests8"n ril Bth, the Greek Prime Minister leHis (sirasmet -ith !hina !"S!" Shiing !hairman 6u %irongto sign the ;nal agreement that uts t$e ma3o"it%sta*e in /i"aeus /o"t Aut$o"it% unde" $inesecont"ol) T$e /i"aeus !o"t is a gatea% to Asia,Easte"n Eu"o!e, and No"t$ A"ica) (he #ei+ingcre- described the deal as mutually bene;cial8 (hedeal -as consummated bet-een the oIcial GreekGovt rivatization fund 'R)2 and !hina !"S!"Shiing !ororation8 (he formal fund is in charge of


31/86

asset sales8 (he !hinese investors -ill ay E7R ABF8>million $7S/


32/86

(he Greek Prime Minister (siras made comments thatsignal the countryNs intention to eHand develoment-ith Eastern artners8 "3'he projet will6 ut the )il!-oad shorter. We want to beome a bridge betweenWest and (ast. 3reee wishes6 to build a reliableooperation that an guarantee speed and e>ienyin the transportation o# goods #rom hina to the@editerranean and (urope. With the agreement thereis an important opportunity #or the two ountries todevelop a growth orientation that an bene%t both." ccording to the Greek rime minister, the agreementsends a strong message to the global economiccommunity about the recovery of the Greek Economy8'is oint is debatable, since the sale aears more ofa surrender of commercial control, along -ithabdication of key assets8 (his is a rized asset8

thens remains deserate -ith an overhanging debtburden8 (he Greek Govt must reay E7R 8> billion to

the 0ntl Monetary 2und and the Euroean !entral #ankin July8 (he ort deal comes no-here near rovidingenough cash to make oIcial debt ayments8 thensalso must contend -ith various unaid domestic bills80t is -idely regarded that Greece is having greatchallenge in meeting the conditions for either creditorarty to the north8 Euroe needs to ;nd a -ay toforgive the debt and cut Greece loose to begin ane-8


33/86

(he Greek body has been host for a gaggle ofEuroean arasites, military -eaons deals, and morefor over a decade8 See #R0!S Post $'ERE&8 Past 'at (rick %etter reorts have sho-n that the Greek Govt

debt has gro-n three times faster than before AFFB,on huge military contracts that bene;t German,2rench, #ritish, and 7S -eaons makers8 (he thensdebt table is a crime scene8

./// !'0*ESE 2RE*!' S'0PP0*G GR"7PS '1ES0G*E) M0%ES("*E GREEME*( (" 2"RM *E4%%0*!E888 !'0* 0S J"0*0*G 2"R!ES 40('E7R"PE* G0*(S888 ('E )E% S0G*%S MJ"R

('RE( (" )*0S' %E)ER MERS58 ///

2our global leading shiing grous, including !hineseand 2rench giants, have signed a milestoneMemorandum of 7nderstanding to form a ne-alliance8 (he deal -as disclosed by the 2renchshiing giant !M !GM8 T$e ne alliance illena&le eac$ o t$e g"ou!s to o'e" com!etiti(e!"oducts and com!"e$ensi(e se"(ice neto"*s

co(e"ing Asia, Eu"o!e, Middle East, and t$eUnited States destinations) s usual, it is sub+ectto regulatory arovals of relevant agencies8 (he ne-alliance lans to begin oerations in ril AF


34/86

vast net wor! with the largest number o# sailings and port rotations onneting mar!ets in Asia (urope andthe /nited )tates. 'he Alliane will also bring serviereliability and the most e>ient integration o# the

latest vessels in a *eet o# over H50 ontainer ships." (he ne- alliance is a huge ste for !hina, as they-ork to cature the Euroean market that the 7SGovt*eocons -ork so hard to destroy8

ccording to lhaliner data, t$e ne alliance!a"tne"s ill command a ma"*et s$a"e o a&out4>6 in t$e Asia to Eu"o!e ocean t"ade "oute comared -ith D@ of the eHisting dominant lliance

AM bet-een )enmarkNs Maersk %ine and GenevaLbased Mediterranean Shiing !o8 See 6inhua *et$'ERE&8

./// 0R* 0(%3 '1E 0*5E) M7%(0P%E E!"*"M0!)E%S 0* )01ERSE RES888 ('E (R)E *)0*1ES(ME*(S )E%S RE E6(REME%3 #R")L#SE)*) 0MPRESS01E, !RE(0*G !"*)70( ("S"7('ER* E7R"PE888 !7R0"7S%3, ('E )E#(

P%G7E) 0(%0* #*5S E6(E*) J70!3 /> #0%%0"*!RE)0( %0*E (" 0R* 40(' E6P"R( %0!E*SES8 ///

0ranian and 0talian comanies signed


35/86

a deal -orth E7R >F million $7S/DFF mn& -ith0talyNs )anieli Grou on the transfer of industriale:uiment and services for the construction of a steelcomany in 0ran8 Mean-hile, 0ranNs telecommunication

comany struck a deal -ith 0talyNs 0(%(E% for thedeveloment of a ne- telecommunication net-ork inthe country8 2urthermore, the 0talian engineering andro+ect management comany, #E%%E%0 Grou,reached an agreement -ith 0ranNs Jahan Pars Grou onroviding Engineering, Procurement !onstruction$EP!& services in the areas of infraLstructure andenergy8

T$e &uild8out o I"an is in t$e o"*s ate" almost=? %ea"s o $i&e"nation) T$e slee!% e"a o"$ina, Russia, /e"sia is coming to an end o"t$ei" em!i"es) T$e% ill o"m a massi(eoundation toget$e" it$ India and t$e "esou"ce"ic$ Fo"me" So(iet Re!u&lics to o"m t$e co"e o t$e Eu"asian T"ade Kone) President Renzi told thoseat the ceremony that 0taly seeks a boost in bilateralrelations -ith 0ran, calling for the eectiveimlementation of the ro+ects8 0n the same -eek,0ran and 0taly aIrmed seven memorandums of

understanding $M"7& to elevate bilateral ties indiverse areas8 0t forms the handshake incomrehensive eHchange8 (he M"7s are intended forboth countries to eHand their cooeration in scienceand technology, tourism, environment, energy, andrail-ay sectors8 'eading a high ranked delegation ofA>F commercial and economic oIcials, Renzi arrivedin caital (ehran for an imressive t-oLday visit8 (heentire elaborate tri came after 0ran President Rouhanicomlete a tri to Rome in late January8 t that time,0ran and 0taly signed deals -orth u to E7R


36/86

$'ERE&8

0taly -ill grease the broadLbased commercial rams-ith credit lines8 (he 0talian eHort agency S!Eannounced that Rome -ill suly a credit line -orthE7R B8B billion $7S/Q<$Russia, !hina, 7nited States, #ritain, 2rance,

Germany& reached the nuclear deal in July AF andstarted imlementing it in January AF


37/86

./// !'0* 'S !"MM0((E) (" #70%) '3)R"LE%E!(R0! P"4ER S((0"*S 0* 53RG3OS(* 40('

!P!0(3 (" PR")7!E R"7*)


38/86

./// R7SS0 )E%01ERE) SLFF S7R2!EL("L0RM0SS0%ES (" 0R*888 ('E3 RE S((E "2 ('E R(8880R* 'S RR01E) "* ('E GE"P"%0(0!% S(GE40('"7( 27R('ER 0MPE)0ME*(, S0G* "2)0M0*0S'E) 7SG"1( P"4ER888 0R* 0S (" #E)E2E*)E)8 ///

(he ;rst delivery of the Russian SLFF surfaceLtoLairmissile system has arrived in 0ran, the countryNs2oreign Ministry has announced8 (he sokesmanstated, "We had already announed that despiteseveral hanges in the time o# delivery the deal is onits path o# implementation. 'oday I should announethat the %rst part o# this eDuipment has arrived in Iranand delivery o# other parts will ontinue." (he deliverycame through the !asian Sea, -hich bordes both0ran and Russia8 (he missile sale has had a diIcult

ath8 (he deal -as ;rst signed in AFFC, but -assusended by Russia under ressure from 4ashingtonand 0srael8 #ack then, the 5remlin dutifully arrotedthe athetic roaganda line, claiming the missiles-ould destabilize regional security at a time -hen (ehran -as accused of having a clandestine nuclear-eaons rogram8


39/86

(he contract -as revived last year after 0ran and siHleading -orld o-ers signed a nuclear deal8 Manyconcerns -ere addressed over a otential nuclearbreakout and intentions by (ehran8 0n other -ords, thethin veneer of roaganda -as -ashed a-ay byglobal layers -ith suddenly greater o-er and nofurther desire to lay the 4ashington game,

mandated by 0srael8 T$e S8=?? s%stem unde"deli(e"% &% Russia is a di"ect "esult o a nedeal signed it$ I"an in No(em&e") In act, it isan u!g"aded (e"sion o t$e one t$at Te$"aninitiall% !u"c$ased) (he delivery is eHected to becomlete by midLAF


40/86

E60S(0*G !"MP*0ES& 'S ('E MJ"R0(3 "20*(ERES(, #7( GREE*20E%) PR"JE!(S $2RES'S(R(S& !!"7*( 2"R ('E 2S(ES( GR"4('888!"*(RS( (" 7SL#SE) M7%(0L*(0"*% !"MP*0ES

4'0!' 0*1ES( 0* ('E P!020! R0M *) EMERG0*GMR5E( !"7*(R0ES8 ///

!hinese direct investment in the 7nited States rose toa record last year, driving the total number of +obslinked to the ac:uisitions and ro+ects to the highestever, according to a reort by the *ational !ommitteeon 7SL!hina Relations and Rhodium Grou8 0nvestorsfrom !hina invested more than 7S/ billion into


41/86

of *e- 3ork, *orth !arolina, 1irginia, (eHas, 0llinois,and !alifornia8 Me"ge"s and ac.uisitions 1MA2"emain t$e !"ee""ed ent"% met$od o" $inesein(esto"s, $ic$ account o" a&out @?6 o t$e

4?:7 total) 0t should be noted that the gro-th ofinvestments in green;eld ro+ects has begun tooutace the eHansion in M8 T$e $ineses!ending on US g"een-eld !"o3ects totaledUSH:)5 &illion last %ea", a =96 inc"ease o(e"4?:9) See #usiness (imes $'ERE&8

./// 3*GO0J0*G 'S %*)E) *E4 S'0P#70%)0*G"R)ERS 4"R(' 7S/>


42/86

caacity and -ilted order o-8 (his is one moreeHamle of !hina taking control of global matters8 0n afe- years, they -ill control the shiing industry8 (heyare using an old merican tactic of redatory ricing

in reverse, as in redatory suly during harsh times8

./// !'0*ESE !"MP*3 #73S 7S(R%0* !((%EG0*(888 ('E3 )01ERS023 !970S0(0"*S (" SS7RE ('E S7PP%3 !'0*888 !'0* %RE)3 'S S0G*020!*( PRESE*!E 0* ('E 7SLS"7('4ES( 2"R%01ES("!5 %2%2 2EE)8 ///

'unan )akang Pasture 2arming, a subsidiary ofShanghai PengHin Grou, announced a comletedtender oer imlementation agreement -ithustraliaNs most iconic cattle comany8 T$eag"eement calls o"


43/86

./// '7*GR3 P%*S (" 0SS7E RM#L#"*)S 2"R20**!0*G 0(S G"1ER*ME*( )E#(888 "('ER PR(S"2 E7R"PE 40%% 2"%%"4888 '7*GR3 P%*S ("0SS7E ('E )0MLS7M #"*) S 0( SEE5S (" !7RR3

21"R 40(' !'0*, (" ((R!( * RM# '7#, *) (" 'E)GE G0*S( !7RRE*!3 M"1EME*(S888'7*GR3 J"0*S *0GER0 *) S"7(' 5"RE, 40('PR"(E!(0"* G0*S( !7RRE*!3 R0S5, 4'0%E!"1ER0*G 2E)ER% )E20!0(S888 *"('ER *0% 'S#EE* P7( 0* ('E !"220* 2"R ('E 7S)"%%R G%"#%RESER1E S((7S8 ///

(he 'ungarian Govt #ond -as riced on threeLyear

maturity at a ?8A>@ yield, raising a clean !*3 < billion$7S/D million&8 0t -as a small size for a sovereigndeal8 #ut it served as a trial run8 t-ist indicates astrong -illingness to avoid the 7S)ollar8 #ankers notinvolved in the transaction estimated that if 'ungaryhad issued debt in 7S)ollars and s-aed theroceeds into 3uan, it -ould have aid almost


44/86

*e-s gency8 (he ceremony included the 'ungarianPrime Minister 1iktor "rban and the #ank of !hinachairman (ian Guoli8 In ;anua"% t$is %ea",


45/86

0t should be noted that 'ungary is not alone in recentRM# bond deals8 (heirs follo-s a comarable

announcement by *igeria one -eek earlier8 (hus'ungary becomes only the second nation after South5orea to sell RM#Ldenominated debt in !hinaNsdomestic market8 (hey seek to cut borro-ing costsand reduce currency risk, -hile lugging a recordrecord budget de;cit8 (he struggling 4est fricannation reacted to reduced oil revenue8 *igeria mightavoid altogether the Euro#ond market, oting insteadfor RM# or Ja3en bonds, according to 2inance Minister5emi deosun8 (he government -ants to raise asmuch as /< billion in international caital markets to

;nance their de;cit8 0t is estimated to be about A8Atrillion *aira $7S/


46/86

central san of the bridge, technicaly measured as thedistance bet-een the t-o main to-ers, is =AD feet,only slightly shorter than that of the famous GoldenGate #ridge in San 2rancisco8 See !hina Peoles )aily

$'ERE&8

## GOLD ARFARE IN LIMA /


47/86

-orldNs biggest +e-elry retailer, -ill be among


48/86

counterLarty8 (he rice is to be :uoted in 3uan ergram, set t-ice er day based on a fe- designatedminutes of trading in each session8 (he sotbenchmark in %ondon is set via a t-iceLdaily auction

on an electronic latform -ith


49/86

"PE* 2"R ('E *E4 7S)"%%R, 4'0!' 40%% #E17%*ER#%E (" )E1%7(0"* #7( SS7RE 0MP"R(S7PP%38 ///

4hen the 0ntl Monetary 2und $0M2& agreed to add the!hinese 3uan $aka RM#renminbi& to the basket of-orld currencies used for global reserves andinternational trade, they laced re:uirements for!hina to make their 3uan currency more reliable as acurrency8 Since that time, !hina has almost unLeggedits 3uan from the )ollar, allo-ing its value to uctuateon -orld markets8 !hina also comlied -ith furtheraccounting standards imrovements, and has -orked

for increased convertibility, even adding li:uidity invarious ools8

"ver the course of several years, ossibly t-odecades or more, !hina has been amassing hugeamounts of gold bullion8 (heir aetite for bullion canbest be described as staggering8 2inally as of this-eek, the entire -orld -ill have a choice of a ne-currency for broader usage in international trade8 (he

choices are of dee contrast8 T$e o"ld -nancialcente"s 1o" ma"*ets o" o" t"ade2 can use t$eold USDolla" $ic$ is &ac*ed &% not$ing &ut ist$e t"aditional con(ention, o" t$e% can use t$ene $inese Buan, $ic$ is &ac*ed &% gold &utis t$e edgling to see* con(ention)

!ountries that have been forced to use 7S)ollars fordecades, holding /billions in their foreign currency

reserves, -ill be free to dum those 7S)ollar units8 :uandary is resented, since these vast holders -illnot be able to dum them to !hina for the ne- goldLbacked 3uan (he community of nations -ill fastrealize the -orthless nature of 7S(reasury #onds, andthe default rocess -ill begin8 !hina has reorted inclear terms, that %There can be no conversion o


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gold&baced 'uan to or rom USDollars.% T$e&o%cott sta"ts it$ $ina, t$us isolatingHt"illions in USDolla"s standing as !"inci!al"ese"(es and ma*ing to0ic t$e glo&al &an*ing

s%stem) 4hat #ei+ing oIcials fear is that manycountries around the -orld -ill -ant to trade their7S) reserves for the ne- 3uan, leaving !hina -ithmountains of -orthless 7S)ollars8 So they blocked the-indo- from the onset8 (hey already have -ell over/< trillion in 7S)ollar reserves and -ant no more8 (hey have devoted the last t-o years to sendingthem on asset urchases, surely done at times -ith adiscount8

'ere is the ma+or ugly rub8 I t$e USD is notcon(e"ti&le to t$e Ne RM+, t$en man%count"ies ill $a(e to decide $et$e" o" nott$e% is$ to continue t"ading it$ t$e UnitedStates and sending s$i!s to US !o"ts) T$eisolation o t$e USEconom% is t$e ne0timmediate "is*) (his is recisely -hat the Jackasshas -arned for a full year8 (he 7SEconomy stands atrisk of imort shutdo-n unless and until it creates andlaunches a domesticLonly *e- 7S)ollar, -hich can be

valued roerly8 0t -ill on the one hand guaranteeimort suly, but on the other hand be vulnerable todevaluation8 (he door soon oens for the currencycrisis and attendant rice ination ;res in the 7nitedStates8 Either the 7SGovt resonds -ith a faircurrency for trade uroses, or else the 7S orts donot deliver goods8

./// O0M##4E G"%) RESER1E #*5 0S !"M0*G

0*(" 10E4888 ('E #0GGES( PPER !7RRE*!310"%("R M0G'( #E ('E *E6( G"%) !7RRE*!3'"S( "* ('E 2R0!* !"*(0*E*(888 ('E 0R"*3 0S#E3"*) )ES!R0P(0"*888 M*3 )E(0%S *)RE2"RMS M7S( #E 4"R5E) "7( 0* "R)ER ("((R!( 2"RE0G* !P0(%, (" 0*(EGR(E E!"*"M0!!0(0OE*S'0P, (" 2"RM E22E!(01E #*5S S !RE)0(


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E*G0*ES, *) (" )E1E%"PME*( ('E E!"*"M3888O0M##4E !"7%) #E!"ME M")E% 2"R 2R0!*G"%)L#!5E) !7RRE*!3 *) #*50*G, #7( 40('SE1ERE !'%%E*GES S(0%% (" #E ))RESSE)8 ///

1isiting investment consultants from the 7nited Statesof merica and !anada have imlored Oimbab-e toconsider setting u a gold reserve bank and introducea gold currency -ith a vie- to attract internationalcaital8 Unde" t$e initiati(es, Kim&a&e couldlin* t$e Gold +an* and cu""enc% to a gold de&itca"d and -nance it t$"oug$ economiccitiCens$i!) (he rocess occurs -hen an individual

accets citizenshi in return for bank deosits or;nancial investment into that countryNs economy8 0ndirect interactions -ith the business community andOimbab-e Govt oIcials, )oug !asey $chairman of!asey Research& and their senior editor *ickGiambruno, ointed out areas to target -ith a motiveto stimulate the domestic economy8 (he meeting -asorganized by the Ministry of MacroLEconomic Planning 0nvestment Promotion8 0n the hoto, !asey is on thefar right, neHt to his editor8 "edit must &e gi(en toase% o" $is initiati(e to us$e" in t$e g"andest

(iolato" in mode"n $isto"%, and to "ec"uit it o" a"ole as a Gold a" !latoon leade") #old move,otentially huge results, esecially if the roducingregion of frica follo-s the lead, and no longer servesthe suly routes that are often clandestine8


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art from setting u a Gold Reserve #ank andintroducing a gold currency, the economic citizenshiconcet must be further develoed for handling thecaital infusion and documentation8 (he ne-institution could become an internationalhenomenon attracting deosits from all over the-orld from regular eole and business adventurers-ho refer to hedge in gold8 (he bank -ould thenconvert the funds deosited into gold using revailingmarket rates8 #eing a gold roducer has itsadvantages, like not re:uiring gold imort in thedisrutive ste -ith resect to its currency8

)oug !asey is an international business consultant8'e ointed out that setting u or converting theReserve #ank of Oimbab-e into a gold bank could benecessary to raise caital8 "I# you set up a old ;an!in this ountry all the people JQimbabweansK beomeshareholders and it will be possible to raise maybe aslittle as a $100 million on the world mar!et and thatwill apitalie the ban!. :eople ould deposit their(uros and 7ollars into the gold ban! and the ban!will buy gold and onvert the urreny into gold. 'hisis how the gold ban! is built. As more and more


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people deposit their savings into the ban! it istrans#erred and onverted into gold. When it grows itan be onverted into notes or oins and it will begrowing." 0n this manner, /billions could otentially be

deosited into the bank by frican countries8Gradually, the -hole -orld -ill be converting theirmoney into gold8 "ther neighbor nations could follo-the ractice, emulate it, and realize success8

In addition to ca!ital inusion into t$e count"%,t$e use o gold as a cu""enc% could alsoinc"ease con-dence in Kim&a&es cu""enc%,-nancial s%stem, and ultimatel% t$ei" econom%

as it att"acts inte"national ca!ital) !asey editorGiambruno discussed bene;ts,and the accumulationof gold reserves8 'e stated, "'he old ;an! an beimplemented with tehnologial aspets beause theountry an introdue gold ban! debt ards. 'here aremany ways to do this. 'his an ma!e Qimbabwe a #reeountry in A#ria and the ban! will reate good publirelations #or the ountry. I# you did 3aumulation6 Qimbabwe will be the %rst ountry to have goldurreny in the world. 'his will improve the li#e o# Qimbabwean business people and itiens." Some

comleHities eHist and many details remain to besettled8 (he challenge is that Oimbab-e is not a-areof the :uantity of minerals it ossesses because therehas not been enough eHloration8 (he country hasbeen socked by strife and shame under RobertMugabe8 lso, sabotage by 4estern bankers -ouldrise as risk8

)en Makand-a is the director resonsible for mining

romotion and develoment in the Ministry of Mines Mining )eveloment8 'e con;rmed that oortunitiesare available in the eHloration ;eld8 "8ou will realiethat Qimbabwe is yet to e&periene e&tensive minerale&ploration as well as appliation o# moderntehnology. 8ou will also realie that most o# ourminerals deposits at the moment are by global


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standards e&ept #or platinum group metals beausethey still need to be investigated #urther. 'his presents opportunities in e&ploration both inbrown%eld and green%eld projets. We would

welome interventions in e&ploration." (his is a ubliccall for caital investment and business lansubmissions8

(he lack of reliable information from eHlorationmakes it diIcult $more like imossible& to use gold toback currency8 +ut t$e !at$ is set it$ st"ong!otential and e0cellent (ia&ilit%, com!lete it$almost $umo"ous i"on%) Kim&a&e is ecli!sing

t$e United States and t$e este"n nations) nother challenge -ould be to reduce volatility in agold currency8 (he urgent re:uirement is to makemore reasonable and legitimate the value of the gold-ithin the -orld market, as in global reform8 (homasMasese, an economist -ith the frica 7niversity8 'estated, "It is very vulnerable to speulation. In otherwords they Jthe visiting investorsK are simplysuggesting introdution o# a loal urreny to improveliDuidity. 3'he introdution o# a old ;an! and goldurreny6 is #easible but it still needs disipline. It is

the same as when you are able to seigniorage yourown urreny. The amount in circulation has to becorrectly lined to the level o output or production in the economy. 8ou must also haveenough reserves o# gold to prop up the urreny whenunder speulative atta!. 8ou do not neessarily needa old ;an! beause the reserve ban! throughLidelity :rinters and -e%ners are the legal ustodianso# the ountryFs gold."

(he -heels are turning, clearly, as the details ofimlementation are being -orked out8 Masesecounters that instead of a Gold #ank to resuscitate orgro- the economy, Kim&a&e needs to o"* oneconom% $%giene issues suc$ as t$e cost odoing &usiness, &oost !"oduction, inc"ease


55/86

com!etiti(eness o local !"oducts, att"actin(estment, !olic% consistence, -g$tingco""u!tion, and so"ting out t$e indigeniCationissues8 Masese refers to comrehensive reform8

4ithout reform, integrity, and eective olicy, theGold #ank concet -ill be overrun by corrution thatis so tyically the scourge of frica8 See Oimbab-e'erald $'ERE&8

(he !asey Research sta adds some commentary8 (he7SGovt gave u on the Gold Standard in


56/86

rice for a loaf of bread reached > million Oim)ollars8 (he +oke -as that starving billionaires rotested onthe streets8

(he crisis eHloding and a denouement roceeded8 0nAFF=, the country eliminated the Oimbab-e )ollar8 0tcurrently uses other foreign currencies like the7S)ollar, the !hinese RM#, and South frican Rand-ithin its banking system and economy8 'o-ever,Oimbab-e is still in shambles8 (he economy is

moribund8 7nemloyment is staggeringly8 2ood and-ater shortages are common8 !asey believes a GoldReserve #ank could hel restore con;dence inOimbab-eNs banking system and attract foreigninvestment, thus lifting the standards -ithin theeconomy8 (he Jackass believes that for the otential tobe realized, comrehensive reform and guaranteesmust be ut into lace8

./// G"%) S(*)R) 0* 0S%M0! 20**!E %M"S(RE)3 2"R S7#M0SS0"*888 ('E !"MP%0*!E ("S'R0' M0G'( #E!"ME RE%E1*( 2!("R 0*!"MMER!E *) ('E G"%) !"MM7*0(38 ///


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Shariah gold might enter the arena soon8 Goldroducts used in 0slamic ;nance -ould need to behysically backed by metal, -ith a direct allocation tothe underlying asset8 (his interretation is according

to a draft of a standard for Shariah gold beingdeveloed8 ;nal roosal is close, claims Mohn )aud#akar, a Shariah scholar -ho is -riting the draft forthe ccounting uditing "rganization for 0slamic2inancial 0nstitutions8 0t is the #ahrainLbased industrygrou that sets Shariah standards in ;nance8 (hecommittee -as formed to develo the Gold Standard,the culmination of their eort being a submittedroosal to the "020 Shariah #oard8

Gold Standard could otentially increase demand forthe metal, since most Shariah buyers can only investin real estate, 0slamic bonds, and some stocks8+ecause o t$e !$%sical &ac*ing "e.ui"ement,OME gold utu"es cont"act ould not .uali%to &e S$a"ia$8com!liant, since t$e% a"e a"audulent inst"ument)


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*(0"*S '1E S(R"*G G"%) )EM*)888 ('E 4ES('S ('E !"R*ER "* ("0%E( PPER, 7SE) 0* 2R7)*) 0%%0!0( ("%%S8 ///

Paer Gold is a term used to describe the activelytraded futures contracts -hich determine the goldrice8 "-ning such aer instruments is not the sameas o-ning hysical gold, since corrution defrauds theinvestor8 Most investors remain largely una-are ofho- disconnected the aer markets $!"ME6 in 7S %#M in England& are from reality8 T$e enti"econce!t o cont"actual 1!a!e"2 !"ice disco(e"%$as &een co""u!ted &e%ond all "ecognition) T$e

acti(it% in t$e last cou!le %ea"s $as "aised g"eatala"m due to t$e "a!id !ace o di(e"gence&eteen !a!e" gold !"ices and t$e tangi&leo"ld undamentals it$in t$e gold a"ena) (heclaims of aer contracts er ounce versus actual goldhas run to almost FFLtoL< in recent months8 0t -asconsidered outrageous t-o years ago -hen at onlyA>LtoL< or DFLtoL< in ratio8 (he dominance of aergold ricing mechanisms has resulted in rofoundshortages in suly, as -ell as horrendous conditionsfor mining ;rms8 (hey have been forced to shut do-n

marginal mines, since not ro;table8 "nly a rare fe-among mining ;rms like Ma+estic Silver hasundertaken to deny suly to the !"ME6, and to call aartial strike against the criminal !"ME6 organization8bsolutely no e:uilibrium eHists in the gold market, asdemand outstris suly, -hich :uickly vanishes8 (heshortages have made history in recent months andyears8


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Paer Gold on !"ME6 and %#M is a crime scene8 0t istoilet aer -ith gilded surfaces, better described as

elaborate corrut contracts -ith a fe- gilded letters atthe to8 (he cometition is intense for dominance inthe toilet aer sector, -ith the 7S)ollar itself8 (radinggold futures, -hich are essentially delivery contracts,must entail some degree of abstract ;nancialization8 0f someone is merely trading a gold contract in order toarbitrage, then it -ould be costly, time consuming,and ultimately ointless to shift hysical gold around80t is only the aer gold contracts that trade hands,not the hysical metal8 T$e &an*e" ca"tel "eliesu!on t$is $a"ds$i! o mo(ement to c"eate t$e

co""u!t sc$eme) /eo!le do not is$ to ca""% a*ilog"am o gold in a suitcase, so instead t$e%use co""u!ted ce"ti-cates) (he necessary evil hasgro-n far beyond its intended roortions, a racticere;ned and led mainly by the big banks8

!urrently, the number of contracts on the !"ME6reresents FF times as much aer gold as there ishysical metal in the !"ME6 vaults8 Moreover, this

number has ballooned at a faster ace over the astt-o years or so8 (he FF< ratio of contracts tohysical ounces is roed by o-erful restrictions8 (he !"ME6 forbids delivery of gold on the rams tosatisfy a gold contract, under threat of banning thearty from articiation and entry in the door8 lmostnobody takes actual delivery of their metal, eHcet forthe big 4all Street banks -hich steal gold from other


60/86

deositors8 0magine a gold futures contract -ith nodelivery ossible8 'o- absurd #ut it has been thereality since AF


61/86

## GOLD /RIE /


62/86

analysts8 T$e mo(ing a(e"age c"osso(e" o" t$e4?8ee* MA a&o(e t$e 7?8ee* MA is a (e"%"elia&le signal, con-"med &% t$e stoc$asticsc%clical inde0) Gold is stodg% &ut it ill !"e(ail

and com!lete t$e u!side &"ea*out) (he bankercabal -ill thro- a lot of aer at it, but the aer -illbe burned and converted to metal8 (hese are eHcitingtimes8 (he -orld is on the verge of -itnessing the fallof the banker cabal and the removal of the 5ing )ollaras global reserve currency8 (he battle is ;erce8

(he daily gold chart sho-s a big fat ya-n in resonseto the ril


63/86

contract aer the banker cabal chooses to stu inthe !"ME6 toilets, ho- much more corrution they-ish to be eHosed for, ho- much more deserationthey -ill dislay on a very -ell observed global stage8

./// S0%1ER %E)S ('E PRE!0"7S ME(%S#RE5"7( 0* 0MPRESS01E 2S'0"*888 ('E !7P '*)%E P((ER* 0*)0!(ES *


64/86

dierent attern is sho-n on the daily silver chart,

one that rhymes -ith the breakout in the -eekly silverchart8 *otice the surge in volume to eHit the rangeestablished since 2ebruary8 (he target for the dailychart breakout is also around the /


65/86

./// #E4RE ('E S0%1ER S7RGE 0* 0MPRESS01EM"1ES 7P4R)888 ('E S0%1ER PR0!E 'S S7RGE)"1ER


66/86

(he Suly )emand dynamics in the silver marketremain conducive to higher rices in the comingmonths8 0ndustrial and investment demand for silver isstrong8 0ndustrial demand for silver is eHected to rise@ in AF


67/86

0nvestment demand is -ill surely remain robust androbably increase due to ineective 9E olicies, still

ultraLloose monetary olicies, negative interest rates,and ongoing federal de;cits among most sovereignnations8 (he ruin of money is comlete, and enteringthe climaH hase8 0f truth be told, the oIcial monetaryolicy is -recking the global economy8 QE it$ KIR/se"(e as a deat$ a""ant to t$e USDolla",etc$ed in moneta"% !olic%) Assu"ed mutualdest"ution is clea") T$e Gold Standa"d is (isi&le,a solution a(oided since 4??5 &ut u"gentl%called o" no) #ear in mind the honest inationad+ustment, -hich calls for the


68/86

of the lever8 (he ublicity gro-s on their corrution,like -ith admissions by )eutsche #ank8 (he la-suitsare iling u8 See Oero 'edge $'ERE&8 (he %atinos say"pull the hain" for ushing the toilet8

(he 4all Street and %ondon !entre hive risks ao-erful resonse by !hina at their ne-ly forti;edShanghai helm8 EHect very soon a strong messagegiven to the 4est8 (he !hinese -ill not toleratefurther corrution in the gold rice mechanisms8 (heyhold too much gold and they -ant it riced roerlyfor global usage, even a banking role, a currency roleas -ell8 (he !hinese are the leading roducer and

consumer of gold8 (hey demand roer ricing for animortant asset8 E0!ect (e"% soon o" $ina totest t$e mettle o t$e co""u!t este"n stea"dso !a!e" gold !a!e" sil(e" &% liting t$e Gold/"ice &% H:?? to H:7? and liting t$e Sil(e" /"ice&% H:)7? to H4)?? in a single o(e"nig$t slas$ li*eit$ a so"d) (he !hinese are motivated to deliver amessage of -rested control, to slam the table,marking ne- management for the recious metalsmarket8 0t is coming 0t -ill haen soon

./// ('E !'0*ESE RE S("!5P0%0*G S0%1ER888 ('E0RS'*G'0 S0%1ER S("!5 'S R0SE* "1ER


69/86

lace in the silver market over the ast siH months84hile !"ME6 silver inventories have been decliningfrom a eak of


70/86

/DFF #0%%0"* 0* "220!0% G"%) RESER1ES ('( RE)M0((E)888 R7SS0* ))0(0"*S (" G"%) RESER1ES!"*(R)0!( ('E 4ES(ER* *"*SE*SE *)PR"PG*) #"7( )EEP )0S(RESS, )R0*GE,

*) )E20!0(S888 ('E 0*)0* P"P7%(0"* 'SS0G*020!*( )EM*), #7( )01ERS020E) 2"R )0%7(0"* 0* P"(E*(0% P"4ER8 ///

Every single year, t-o main cometitors vie for thetitle of -orldNs biggest gold consumer, the nation -iththe greatest gold demand8 (he battle is an annualconfrontation bet-een the !hinese Govt and the0ndian Peole8 (he 0ndian oulace harbor an

insatiable gold demand that is steeed in its historyand tradition8 (his demand results in bet-een BFF and


71/86

0t is an enormous eHorter of minerals, metals, andnatural resources8 0n addition, Russia continues to beharmed by the edict sanctions from the Euroean!ommission fascists, under direction by the

4ashington *eocon fascists, suorted by their liesand false accusations8 4orst of all, the crash in crudeoil rices sent the Ruble tumbling, causing the Russianublic to scramble for safe haven8

*aturally, the Russian central bank has strived tostabilize its ;nancial situation by bolstering the goldreserves8 (he bank already held a sizeable amount ofgold bullion, ranking the Russian central bank KC in

the -orld in oIcial gold holdings8 Such data is susectsince +ust for central banks8 (he Russians o-n overA>,FFF tons of gold, held in 5remlin vaults8 (heo-ners are not ublic information8 "f interest to someobservers is the incremental gold urchases by theoIcial central bank, from nation to nation8 (he Jackass ;nds such data to be immaterial8 Acco"dingto t$e most "ecent data "om t$e Intl Moneta"%Fund, Russia out!aced $ina in ocialgo(e"nment gold !u"c$ases du"ing Fe&"ua"%)T$e Russians added =7>,??? t"o% ounces 1o(e"

:: tons2 com!a"ed to =4?,??? oC "om $ina)T$e Russians added anot$e" astounding7??,??? ounces 1o(e" :9 tons2 o gold in t$emont$ o Ma"c$) dditionally, AF marked thefourth straight year that the Russian central bank -asthe largest buyer of gold among its eers8


72/86

"ver the course of AF


73/86

international sanctions, b& to take advantage ofarti;cially lo- gold rices, c& to reare for the GoldStandard in trade, banking, and currencies8 Russia -illleave the 4est behind, long after the -rongLfooted

and illicit sanctions are forgotten8 (he story of theRussian central bank accumulating gold is anothereHamle of the constant o- of the recious metal outof 4estern vaults and into the hands of -ise folks inthe Eastern 'emishere8 (he 4est -ill be eHosed asbankrut amidst systemic breakdo-n8 (he East -illcarry the ;nancial and commercial torches in the neHtchater8 See Gainesville !oins $'ERE&8

s footnote, the argument of 4estern nations being inossession of signi;cant gold reserves has been thebig eHosed +oke and egregious lie8 *o oIcialgovernment reort on gold reserves is correct, allfabrications8 (he 7S 2ort 5noH has been gutted8!anada sold its last gold a coule months ago84estern Euroe has drained its gold in service to thengloLmerican bank masters8 %ondon has seen amonumental eHodus of its gold, using S-iss and1atican auHiliary suly8 (he destination for %ondongold has been !hina8 (he 4est has almost no gold

reserves8 (he East has bet-een D billion and 2"RE6reserves increased to /


74/86

reserves assets gre- to /BC8FF billion and 2"RE6reserves increased to /


75/86

./// *G%"LG"%) S3S 0%%EG% !(0"*S #3 M0*ERS'1E (5E* !"*(R"% "2 ('E R0!'ES( )EP"S0(S ("#7S0888 * 0%%EG% (5E"1ER !"*(0*7ES ( ('E0RG'* PR"PER(3, 4'0!' ('E3 ((EMP(E) ("M"('#%% #!5 0* AF


76/86

t issue is a very rich gold roerty, essentiallycatured -ith violence, much like any crime scene8 (he roerty had been recently shut do-n8

0n 2ebruary, hundreds of men invaded "buasi, one ofthe -orldNs largest gold mines, demanding access tounused ortions of the mine to dig for the metalillegally8 (he event involved violence, leaving oneerson dead8 ngloGold ended underground mining at"buasi and ;red -orkers in AF


77/86

!"*(0*7E 0* S(R"*G S(E)3 2%"4888 ('E P"S(L%E'M* RESP"*SE 'S #EE* 97*(7M %EPGRE(ER )EM*)888 '"*G 5"*G $('E0R !'0*ESE!"7S0*S& S7PER!E)ES )7#0 *) %"*)"*8 ///

## EONOMB AS A ILLING FIELD

./// ('E G%"#% E!"*"M3 0S 1ER0(#%E 50%%0*G20E%)888 #3 S10*G ('E #0G 4ES(ER* #*5S, ('E350%%E) ('E E!"*"M0ES *) R70*E) ('E #*50*GS3S(EMS888 ('E RE101% *) RES7S!0((0"* 40%%RE970RE ('E G"%) S(*)R)8 ///

(he neHt chater -ill be built uon the Gold Standard,;rst in trade, then in banking, ;nally in currencies8 (herestoration of the global economy -ill re:uire vast


78/86

amounts of caital8 (he gro-th in money suly overthe last decade is unrecedented, and -ill bereected in a Gold rice multiles higher, and a Silverrice even greater multiles higher8 (he ne- banking

system and currency system -ill see the Gold riceeasily reach /


79/86

./// (R7!5 "R)ERS P%7*GE) C@ S 7*S"%)0*1E*("R0ES S"R ('E M"S( S0*!E AFFC888 ('E (R7!5 #7S0*ESS 0S 4RE!50*G O"*E, '0G'43P0%EL7P8 ///

(rucks move goods8 Goods and services make aneconomy8 (rucks run on etroleum8 Petroleum ricesare do-n solidly8 3et trucking aears to be hurting8T$e "iddle is anse"ed &% t$e conclusion o a(icious longstanding "ecession in t$eUSEconom%) (he follo-ing is taken from Oero 'edge,the intreid bold economic and ;nancial -ebsite8

2ast for-ard one :uarter -hen another three monthsof !lass B truck data is available8 7nfortunately theorder book has gone from bad to -orse8 s the 4allStreet Journal reorts, t"uc* o"de"s o" ne &ig "igs!lunged and in(ento"ies o unsold t"uc*s soa"edto t$ei" $ig$est le(els since 3ust &eo"e t$e-nancial c"isis, as unce"taint% a&out utu"e


80/86

demand and a ea* ma"*et o" "eig$tt"ans!o"tation d"agged don t$e t"uc*manuactu"e"s8 bout ?C,FFF !lass B trucks aresitting unsold on dealer lots, after sales in March

droed C@ from a year earlier to


81/86

a ne $isto"ic lo) It is a unction o t$e.uantit% o goods to &e s$i!!ed and t$e su!!l%o (essels to s$i! t$em) (he !hina !ontainerized2reight 0ndeH $!!20& tracks contractual and sot

market rates for shiing containers from ma+or ortsin !hina to


82/86

Euroe lunged /AF to /AC< er t-entyLfoote:uivalent unit container $(E7&8 Rates to theMediterranean lunged /A= to /DF= er (E78 (o the7S 4est !oast, rates lunged =8@ to /C= er fortyL

foot e:uivalent unit $2E7&8 year ago, the sot ratesto the 4est !oast had already fallen


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numbers of students enrolled in universities, graduateschools, and trade schools8 $ile most $a(e sincelet sc$ool and 3oined t$e o"*o"ce, 9=6 o t$e"oug$l% 44 million Ame"icans it$ ede"al

student loans ailed to ma*e !a%ments as o ;anua"% :st, acco"ding to a t$e latest .ua"te"l%sna!s$ot done &% t$e USDe!t Education) (heymonitor the /


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analyst is to accet that DFF thousand disabledstudents amble around college and universitycamuses8 (hey cannot be easily seen8 (he Jackass;nds the ;gure fallacious, meaning fraudulent claims8

(he federal student loan borro-ers -ho cannot -orkbecause of a disability -ill not have to go through thetyical alication rocess for receiving a disabilitydischarge, -hich re:uires sending in documentedroof of their disability8 Instead, t$e &o""oe" illsim!l% $a(e to sign and "etu"n t$e com!leteda!!lication enclosed in t$e lette", t$us ma*ingt$e "aud easie" it$in t$e ocial !"ocedu"es) (he "bama dmin likes to cut red tae for the -elfaresociety members8 "n the tab is /C8C billion in debt8 (he ste is far simler than imorting tens of

thousands of Somalis and other fricans to voteillegally on election day8

bout


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ticking time bomb, claims Stehen Stanley8 'e is aformer 2ederal Reserve economist currently -orkingas chief economist at mherst Pieront Securities inStamford !onnecticut8 (he debt for student loans

continues to ram u, uninterruted desite theroblem8 (he !ongressional #udget "Ice estimatesthat, for loans originated in AF or after-ards, therograms -ill cost the 7SGovt an additional /=billion over the neHt decade8 (hese are losses forloans originated this year or later8 2urthermore,college tuition and other costs are still rising8 EHectthe movement to gain momentum to cancel allstudent loan debt8 #esides, the 7S does not ay itsbills else-here8 4hile they are at it, maybe monetizethe municial bond debt too, and toss in Puerto RicoNs

debt8 %et the entire community of nations ay the billsfor the eHcetional nation8 0t is eHcetionally bankrut,eHcetionally corrut, and e:ually aggressive8 (heresult is global revolt against the 7S)ollar and boycottto isolate the currency8 See Oero 'edge $'ERE&8

./// GERM*3 S722ERS 2R"M )0SS(R"7S )R"P 0*E6P"R(S888 ('E EMERG0*G MR5E( !"7*(R0ES, ('EM0*0*G !"7*(R0ES, J"0* R7SS0 *) !'0* 0* ('E

S%"4)"4* 0* E6P"R(S888 *E4 GREE*20E%)S 40('GERM* 0MPR0*( RE "PE*0*G 0* 0R* 2"R *"22SE(8 ///

Germany is the undisuted o-erhouse of theEuroean Economy8 (he country has suered latelyfrom a disastrous decline in eHorts, the Russiansanctions ordered by the E7 fascists and 4ashingtonfascists are the roHimal cause8 (he main imorters of

German outut are countries -ith develoing markets8!hina has reduced imort of machinery fromGermany, given a drastic fall in gro-th rate8 (heMiddle Eastern oil countries have huge losses becauseof fall in oil rices8 (heir imort of cars and smalltrucks is a rincial comonent to the Germanautomobile industry8 Germany is more closed

http://www.zerohedge.com/news/2016-04-12/it-begins-obama-forgives-student-debt-400000-americanshttp://www.zerohedge.com/news/2016-04-12/it-begins-obama-forgives-student-debt-400000-americans


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integrated via trade actually to develoing markets ofbig countries, such as !hina and Russia, than to otherE7 countries8 (hus, roblems in the economy of largeeHorting nations have a direct aect on Germany8

!onsider some details8 EHort from Germancomanies -hich deal -ith e:uiment for the miningindustry decreased by almost half, from E7R ?8A toE7R 8> billion, comared to three years ago8 (ocounteract the bad -inds in trend, Siemens comanysigned a deal -ith 0ran on Mana e:uiment suliesfor an 0ranian energy and transort comany8 Manycomanies started actively develoing sales market to0ranNs many ;rms that are :uickly lined u, after the

April 2016 Gold Investment Report

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