Category Archives: DR JIM WILLIE

Financial Genius

Global Currency Reserve at Risk

Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press.

Source: http://ift.tt/2tb5kbs

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Enter The NatGas Cartel – Jim Willie

Wednesday, 5 July 2017 By Jim Willie CB

The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar has taken its place. It has called for crude oil sales led by the Saudis and OPEC to be transacted in USDollar terms, for oil surpluses to be stored in USTreasury Bonds, and for some kickbacks from the Saudis to the USMilitary complex for weapons purchases. Of course, the US is ready willing and able to create strife and to foment wars whereby the Arab oil monarchs will need more weapons. Since 2014, many events have pointed to the crippled condition of the important link between the USDollar and crude oil. The price has plunged by 50% of more, and not recovered. It is currently lurching in the nether bounds near the $45 level. Anything less than $65 to $70 per barrel is very dangerous for keeping the oil sovereigns afloat and for keeping the US energy sector solvent. Witness the Wall Street banks having tremendous problems with impaired bonds and toxic energy portfolios. They seem not resolvable. They cannot keep the oil price over $50, a sign of their impotence.

 

Not enough financial analysts connect the new normal of a much lower crude oil price with the eventual vanishing act of the Petro-Dollar. The Wall Street banks are deeply exposed on their entire energy portfolios, which include both bonds and commercial loans. Tens of $billions will have to be written off as loss, beyond the $billions already declared as losses. These corrupt banks have worked their magic to lift the oil price above the $50 level, but failed. They worked the task for over a year, but failed. They need an oil price over $60, but failed. The Saudis did not help the cause, by their ongoing extra output to finance their filthy Yemen War. The Saudis earned the anger of their OPEC partners, especially the Gulf Arab allies. The Wall Street banks deeply resent the Saudis for this deed, but the USMilitary complex loves the Saudis. The other Arab oil producers also harbor consider rancor toward the Saudis, who really have no friends in the entire Persian Gulf region. They are so worthy of a palace coup, which would bring clamors of rejoicing in many corners of the West if it were to occur. The day might be close.

 

The Saudi warrior prince just made more enemies in-house with the push to become crown prince. The dozens of half-brothers will plot against him. Many analysts believe an internal collapse in Saudi-land cannot occur, due to control by the royals of the key factions like the military and religious center. Keep in mind that bankruptcy has a way of sweeping factions aside. A failed ARAMCO stock deal could trigger some internal battles, and reveal the bankruptcy in addition to the lies on national oil reserve wealth. The kingdom’s bankruptcy could become a major topic soon, as the Jackass has been harping on. Be on the lookout for a strange suspicious death event for the king, which could trigger violent episodes from rival half-brothers, many of whom have had their families cut out of wealth distribution (confiscation) for decades.

 

PETRO-DOLLAR IS DEAD

The Petro-Dollar is a dead standard. The important functional parts, such as the derivative machinery, have been dismantled over the last four years. A key hint on the massive rift between the US and Saudis was the contrived legal prosecution cases with the big Swiss banks. It seems the Swiss simply bent over and took it in the rear flank from the Washington NeoCon criminals. No precedent exists for the USGovt to sack control of a sovereign nation’s big banks like what happened with UBS and Credit Suisse. Pay no heed to the formal charges of tax evasion and Iran sanction violations. These were pretexts for stealing the Arab gold in Swiss bullion banks. Notice that a year later, the Saudis worked to move hidden gold hoards into the safe confines of Deutsche Bank. The threads are complex, since the Qataris pulled their funds out of D-Bank, thus rendering it more exposed. Some of the most convincing evidence of a dead defunct Petro-Dollar is the multiple fronts of war to defend the USDollar. Back in 2005, the Jackass wrote often about how in several years the King Dollar will be defended by war. It is here…

Source: Enter The NatGas Cartel

Jim Willie Golden Jackass Qatar Saudi Arabia Petrodollar | TF Metals Report

Download Podcast (Right Click + ‘Save As’)

For your holiday listening pleasure, Jim Willie returns for a comprehensive discussion of the petrodollar and how current events around the Arabian Peninsula are a sign of great distress for this monetary scheme.

Again, what is the “petrodollar”. The idea was championed by Henry Kissinger in 1973 as a way to create ongoing demand for US dollars by maintaining the pricing of crude oil in dollars only. The effects of this were two-fold:

  1. To create constant demand for dollars…dollars which were now completely unhinged from any gold backing…and this demand would soak up any excess supply of new currency being printed in the US for military and social purposes.
  2. To force oil-exporting nations to keep their foreign currency reserves in dollars, thus creating an ongoing demand for US treasury bonds. This constant demand for bonds would help to keep interest rates…and thus the US debt service cost…unnaturally low.

As a result, any threat to this system, whether it has come from Iran, Iraq or Libya has been squashed either politically or militarily over the past 40+ years. The current flare-up of tensions between Saudi Arabia and Qatar must be viewed through this prism and that is the primary topic of this 47-minute discussion.

To that end, please be sure to review these links while you’re listening:

I hope that you find this helpful and informative. Thanks for listening.

TF


Source: Jim Willie Golden Jackass Qatar Saudi Arabia Petrodollar | TF Metals Report

Three Days of Jackass – Jim Willie Golden Jackass Hat Trick Letter Interview

As per tradition, the Golden Jackass returns today with over an hour of A+ audio entertainment for your holiday weekend listening.

The discussion begins with some additional information on Jim’s latest public post found here: http://news.goldseek.com/GoldenJackass/1495656000.php

From there, the conversation moves to the petrodollar, the Eurasian Trade Zone, the new Hong Kong Gold Exchange and Jim even gives some thoughts on Bitcoin and the rest of the crypto-currencies.

I’m confident that you’ll find this information to be very informative and valuable. Perhaps it will help you to pass the time while driving or traveling over the weekend. Either way, sit back and enjoy 75 minutes of Jackass consciousness.

TF

p.s. Jim is/was battling a brutal head cold. I tried to edit out as much of his coughing and wheezing as I could but my apologies if I missed a few spots. Hopefully, he’ll be feeling better soon.

Source: Jim Willie Golden Jackass Hat Trick Letter interview | TF Metals Report

Sordid Saudi Signals – Jim Willie

THE US-SAUDI ARMS DEAL

THE SAUDI ARMS DEAL SUDDENLY TRIPLED IN SIZE WITH LONG TIME SCHEDULE WITHIN THE AGREEMENT… TRUMP COMPLETED THE SINGLE LARGEST ARMS DEAL IN US-HISTORY, DONE WITH SAUDI ARABIA… IT EXCEEDED THE PREVIOUS COMMITMENT FROM TWO WEEKS AGO, NOW WORTH $350 BILLION… WITNESS US-STYLE ECONOMIC STIMULUS, THE TOXIC WAY… THE USGOVT SUPPORTS THE FADING SAUDI KINGDOM, SUPPORTS THEIR VICIOUS YEMEN WAR, AND APPLAUDS THEIR SUPPORT OF ISIS TERROR… THE USGOVT IS ENCOURAGING THE FORMATION OF A GULF REGION NATO, SURELY DEDICATED TO US-ARMS SUPPLY… CURIOUS THE PAYMENT METHOD TO COME, WITH CONJECTURE.

 

The USMilitary-industrial complex has come to the rescue of USEconomy with the massive arms sale to the world’s biggest purchaser of weapons, namely Saudi Arabia. Beyond the glitz and royal pageantry, President Trump’s visit to Saudi Arabia in all likelihood had a main purpose to sell weapons, and to complete a gigantic $350 billion over the next decade. It will have weapon orders filled over time. In turn, the Saudi Royals have promised to invest $billions in the United States as well and to make other commitments designed to placate Trump. The pablum on the official line is that the first phase, with $109.7bn in weapons purchases, will boost Saudi Arabia’s defense capabilities, bolstering their security services in the face of extreme terrorist groups, and the new threats from Iran. The White House added that the deal will create defense jobs while also reaffirming America’s commitment to Saudi Arabia. What a load of rubbish! The Saudis created the Yemen War in order to steal their neighbor’s energy deposits, thus creating a critical situation with consequent certain backfire. The USGovt support of Saudi Arabia goes hand in hand with desperate clinging to the Petro-Dollar. The defacto standard is in its final phase of demise. So the USGovt pledges support to the entire Gulf set of partners, which means the oil monarchies. If the kings and princes do not respond with overt support, they risk being murdered, or having untold terrorism unleashed on their people…

Source: Sordid Saudi Signals

05/19/2017 Friday – Jim Willie from GoldenJackass.com Saudi, Italy, business as Usual? – Ochelli.com

  • 05/19/2017 Friday - Jim Willie from GoldenJackass.com Suadi, Italy, business as Usual?

05/19/2017 Friday – Jim Willie from GoldenJackass.com Saudi, Italy, business as Usual?

05/19/2017    Friday – Jim Willie from GoldenJackass.com Saudi, Italy, business as Usual? Jim Willie delivers a means to understand everything from arms deals, and Vaccines to Agenda 21 and How gold prices are being controlled. Japan, Israel, The USA, The EU, all the players on the grand chess board of Global Finance are addressed.

INTERVIEW WITH CHUCK OCHELLI

May 20th:  topics covered include the Saudi visit by Trump with stated objectives matched by hidden goals, the Italy situation with faltering banks requiring domestic banks to buy government bonds while the Euro Central Bank and big German banks shed their bonds, the France situation with stolen election on blatant in your face vote fraud, the concept with debate of economic tax cuts from analytic perspective including corporate abuses of same (including a tax break for Big Pharma as reward for killer vaccines), the Gold & Silver relation to Japanese Yen currency and USTBond yield which have each born a very intriguing tight correlation

Source: 05/19/2017 Friday – Jim Willie from GoldenJackass.com Saudi, Italy, business as Usual? – Ochelli.com

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