James Sinclair vs Martin Armstrong
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Indiana Jones
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Re: James Sinclair vs Martin Armstrong
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
But since no one was listening, everything must be said again.
-
Indiana Jones
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- Joined: 05 Oct 2011, 16:00
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Re: James Sinclair
March 3, 2013, at 6:32 pm
by Jim Sinclair
All you need to do every time the US Treasury and Fed seek to make the gold market outrageously volatile via their friends, the gold banks, is to do nothing. Consider the volatile gold market to be the lion in the following video CIGA Pat sent to us. You are the photographer. Accomplish in the market place what this wildlife photographer did in the field, and you will still have all your gold insurance when gold finally trades solidly at $4400. When gold breaks above $3500 and $4000, as it will do, the US Treasury and Fed via their friends and relatives at the Gold Banks will run gold from $3500 to $4990 and back again a few times before gold settles into the currency as described above at $4400 for the beginning of the greatest economic expansion the world has ever seen.
Gresham’s Law, not international edict, will reform the monetary system. Gold’s role in money is moving towards officialdom not by edict, but by Gresham’s Law. The difference now is that this concept of Gresham’s Law inhabits central banks of the "Real New Normal," the rise of the influence of the BRICS and is spreading worldwide.
==========================================================================
Yup, agree
because that'll mean eurogold at an eventually steady € 100 / gram, just like I'm expecting for many years now.
by Jim Sinclair
All you need to do every time the US Treasury and Fed seek to make the gold market outrageously volatile via their friends, the gold banks, is to do nothing. Consider the volatile gold market to be the lion in the following video CIGA Pat sent to us. You are the photographer. Accomplish in the market place what this wildlife photographer did in the field, and you will still have all your gold insurance when gold finally trades solidly at $4400. When gold breaks above $3500 and $4000, as it will do, the US Treasury and Fed via their friends and relatives at the Gold Banks will run gold from $3500 to $4990 and back again a few times before gold settles into the currency as described above at $4400 for the beginning of the greatest economic expansion the world has ever seen.
Gresham’s Law, not international edict, will reform the monetary system. Gold’s role in money is moving towards officialdom not by edict, but by Gresham’s Law. The difference now is that this concept of Gresham’s Law inhabits central banks of the "Real New Normal," the rise of the influence of the BRICS and is spreading worldwide.
==========================================================================
Yup, agree
because that'll mean eurogold at an eventually steady € 100 / gram, just like I'm expecting for many years now.
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
But since no one was listening, everything must be said again.
-
Indiana Jones
- Freegold Member
- Posts: 4765
- Joined: 05 Oct 2011, 16:00
- Contact:
Sinclair Meeting, March 20, 2013 New York City
According to Jim Sinclair:
The announcements that Cyprus put forward a proposal to force depositors to pay for bank bailouts directly has created a global uproar, and the backlash will have a substantial effect on the gold market. Sinclair considers this a major turning point in the gold market, and herald’s gold’s next major up leg.
Sinclair’s comments on various gold related subjects:
There are three phases left in this bull market.
Now-2014;
2015-2017;
2018-2021
COMEX:
“As long as the price is made in the paper markets, the supply is infinite”. “Gold will only recognize its true value when the physical price (versus paper) is making the market”.
GOLD WINDFALL TAX:
In this environment taxes are going up across the board, it is difficult to project what the government will do on that.
CONFISCATION:
During the last confiscation in the 1930’s gold was the QE at the time. Nixon needed to expand the money supply and had to use gold to do it because QE wasn’t available to him at the time. I do not consider another confiscation likely.
GOVERNMENT CONFISCATION OF MINING RESOURCES:
“Yes it could happen. It depends on the wisdom of managers to share the bounty with the government as to whether they are a partner or not”.
PERSON ASKS QUESTION AND PREFACES WITH “I AM IN THE IF YOU DON’T HOLD IT YOU DON’T OWN IT CAMP, WHATS YOUR VIEW OF HOLDING GOLD OVERSEAS”:
“According to the way I have done it, I don’t have an ounce of gold here, its all in Africa.” “Gold you have should be stored internationally”. “For storage you don’t want anything cheap or easy, that doesn’t exist”.
GOLD/SILVER RATIO:
“Ratios are all 20/20 vision in hindsight. Keep what you have don’t sell gold for silver or vice versa”.
CORRUPTION IN THE FINANCIAL SYSTEM:
“The financial system we live in now is comparable to Sodom and Gomorrah, only Sodom and Gomorrah was probably a lot more fun”. “Finance is now a criminal enterprise”.
FDIC/100K - 250K BANKGAURANTEE:
“FDIC and Governments gives us comfort, but does not function in a systemic crisis”.
IRA’s CASH OUT OR KEEP:
“Cash out, take the tax hit”. “If QE fails the next large pool of money they have easy access to are pensions and IRA’s.”
IRA/401k/PENSION CONFISCATION:
If the USD goes to 72.00 or below, the Fed may cease QE and go directly after pensions and IRA’s
HYPERINFLATION:
“If it happens it will be short lived and violent. Approximately 3 months in time frame”.
RESERVE CURRENCY:
“We will have a virtual reserve currency”. “The new reserve currency will be a worldwide M3 ratio versus gold held by central banks. This will be marked by the market versus the government”.
GOLD PRICE MANIPULATION. ARE THE MEN IN THE ESF, CFR, ETC MANIPULATING THE GOLD PRICE LOWER?:
“As we would be if that was our job and motive”. “My dogs could figure out this is a manipulation”. “Economics schools today teach that gold is competitive to the control of currency”.
ON STATES MAKING GOLD LEGAL TENDER:
“States making gold legal tender is fine, but if there is no system to support a transaction it’s not practical”.
GOLD PRICE DROPPING AS IT DID IN 1980:
“We will not see a price drop like we did in the 80’s, the entire paradigm is different”.
REASONS TO BAIL OUT OF GOLD:
“The only argument I can see to bail out of gold would be the legitimate end of QE”.
ON TIMING AND PRICE:
“Anything below 3500 is a buy. Anything above 4400 is a sell”.
RAISING CAPITAL FOR MINING COMPANIES:
“Any attempt to raise money issuing stock in these capital markets is a suicidal move”. Jim goes on to explain additional capital raising with TRX will be by sales of gold not stock.
PETRODOLLAR:
“Attacking Iran is attacking other nations, big nations”. “This does not look attractive today.” “China recently surfaced two submarines in a US Navy Carrier group, undetected. This means they can also surface off the coast of the US undetected and fire nuclear weapons if they wanted to”. “The use of the dollar in trading energy (oil) is paramount to the strength of the dollar.” “The move in energy trading is away from dollars”.
3 PHASES OF A BULL MARKET:
“By all historical measurement’s, we should be approaching the final phase of this bull market”. “Keep in mind we are living in a false economic world today”.
NUMISMATICS:
Unless there is a ready market to buy it back, you are probably better off buying well known coins.
CHINA:
“I think China will shoot for a 15% reserves position in physical gold”.
The announcements that Cyprus put forward a proposal to force depositors to pay for bank bailouts directly has created a global uproar, and the backlash will have a substantial effect on the gold market. Sinclair considers this a major turning point in the gold market, and herald’s gold’s next major up leg.
Sinclair’s comments on various gold related subjects:
There are three phases left in this bull market.
Now-2014;
2015-2017;
2018-2021
COMEX:
“As long as the price is made in the paper markets, the supply is infinite”. “Gold will only recognize its true value when the physical price (versus paper) is making the market”.
GOLD WINDFALL TAX:
In this environment taxes are going up across the board, it is difficult to project what the government will do on that.
CONFISCATION:
During the last confiscation in the 1930’s gold was the QE at the time. Nixon needed to expand the money supply and had to use gold to do it because QE wasn’t available to him at the time. I do not consider another confiscation likely.
GOVERNMENT CONFISCATION OF MINING RESOURCES:
“Yes it could happen. It depends on the wisdom of managers to share the bounty with the government as to whether they are a partner or not”.
PERSON ASKS QUESTION AND PREFACES WITH “I AM IN THE IF YOU DON’T HOLD IT YOU DON’T OWN IT CAMP, WHATS YOUR VIEW OF HOLDING GOLD OVERSEAS”:
“According to the way I have done it, I don’t have an ounce of gold here, its all in Africa.” “Gold you have should be stored internationally”. “For storage you don’t want anything cheap or easy, that doesn’t exist”.
GOLD/SILVER RATIO:
“Ratios are all 20/20 vision in hindsight. Keep what you have don’t sell gold for silver or vice versa”.
CORRUPTION IN THE FINANCIAL SYSTEM:
“The financial system we live in now is comparable to Sodom and Gomorrah, only Sodom and Gomorrah was probably a lot more fun”. “Finance is now a criminal enterprise”.
FDIC/100K - 250K BANKGAURANTEE:
“FDIC and Governments gives us comfort, but does not function in a systemic crisis”.
IRA’s CASH OUT OR KEEP:
“Cash out, take the tax hit”. “If QE fails the next large pool of money they have easy access to are pensions and IRA’s.”
IRA/401k/PENSION CONFISCATION:
If the USD goes to 72.00 or below, the Fed may cease QE and go directly after pensions and IRA’s
HYPERINFLATION:
“If it happens it will be short lived and violent. Approximately 3 months in time frame”.
RESERVE CURRENCY:
“We will have a virtual reserve currency”. “The new reserve currency will be a worldwide M3 ratio versus gold held by central banks. This will be marked by the market versus the government”.
GOLD PRICE MANIPULATION. ARE THE MEN IN THE ESF, CFR, ETC MANIPULATING THE GOLD PRICE LOWER?:
“As we would be if that was our job and motive”. “My dogs could figure out this is a manipulation”. “Economics schools today teach that gold is competitive to the control of currency”.
ON STATES MAKING GOLD LEGAL TENDER:
“States making gold legal tender is fine, but if there is no system to support a transaction it’s not practical”.
GOLD PRICE DROPPING AS IT DID IN 1980:
“We will not see a price drop like we did in the 80’s, the entire paradigm is different”.
REASONS TO BAIL OUT OF GOLD:
“The only argument I can see to bail out of gold would be the legitimate end of QE”.
ON TIMING AND PRICE:
“Anything below 3500 is a buy. Anything above 4400 is a sell”.
RAISING CAPITAL FOR MINING COMPANIES:
“Any attempt to raise money issuing stock in these capital markets is a suicidal move”. Jim goes on to explain additional capital raising with TRX will be by sales of gold not stock.
PETRODOLLAR:
“Attacking Iran is attacking other nations, big nations”. “This does not look attractive today.” “China recently surfaced two submarines in a US Navy Carrier group, undetected. This means they can also surface off the coast of the US undetected and fire nuclear weapons if they wanted to”. “The use of the dollar in trading energy (oil) is paramount to the strength of the dollar.” “The move in energy trading is away from dollars”.
3 PHASES OF A BULL MARKET:
“By all historical measurement’s, we should be approaching the final phase of this bull market”. “Keep in mind we are living in a false economic world today”.
NUMISMATICS:
Unless there is a ready market to buy it back, you are probably better off buying well known coins.
CHINA:
“I think China will shoot for a 15% reserves position in physical gold”.
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
But since no one was listening, everything must be said again.
-
Indiana Jones
- Freegold Member
- Posts: 4765
- Joined: 05 Oct 2011, 16:00
- Contact:
Re: James Sinclair EN Martin Armstrong
Geen Bretton Woods 2.0 maar een Brics Woods 1.0
=============================================================================
Bloomberg News March 26, 2013
BRICS Nations Plan New Bank to Bypass World Bank, IMF
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
The leaders of the so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.
http://www.businessweek.com/news/2013-0 ... d-bank-imf
=============================================================================
Bloomberg News March 26, 2013
BRICS Nations Plan New Bank to Bypass World Bank, IMF
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
The leaders of the so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.
http://www.businessweek.com/news/2013-0 ... d-bank-imf
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
But since no one was listening, everything must be said again.
-
skyscraper
- Platinum Member
- Posts: 632
- Joined: 20 Oct 2011, 00:00
Re: James Sinclair EN Martin Armstrong
1 woord: WOW !Indiana Jones wrote:Geen Bretton Woods 2.0 maar een Brics Woods 1.0
=============================================================================
Bloomberg News March 26, 2013
BRICS Nations Plan New Bank to Bypass World Bank, IMF
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
The leaders of the so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.
http://www.businessweek.com/news/2013-0 ... d-bank-imf
daar gaat GS zijn verwachting voor mid 2013
-
skyscraper
- Platinum Member
- Posts: 632
- Joined: 20 Oct 2011, 00:00
Re: James Sinclair vs Martin Armstrong
bij deze bevestigd:
http://www.beursduivel.be/nieuws/263239 ... fonds.html
blijven we hier of richten we samen een commune op aan de andere kant van de wereld?
http://www.beursduivel.be/nieuws/263239 ... fonds.html
blijven we hier of richten we samen een commune op aan de andere kant van de wereld?
-
Indiana Jones
- Freegold Member
- Posts: 4765
- Joined: 05 Oct 2011, 16:00
- Contact:
Re: James Sinclair kingworldnews
April 1, 2013
Sinclair - Something Has Western Central Banks Terrified
Today Jim Sinclair warned King World News that something clearly has Western central banks terrified right now. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “Jim, Bloomberg had a story headlining on their site over the weekend claiming that depositors may lose as much as 60% on deposits in Cyprus.”
Sinclair: “This is all because of the one quadrillion dollars in derivatives that are in the financial system. Six years ago the Bank for International Settlements (BIS) at that time reported that the amount of derivatives already outstanding exceeded one quadrillion dollars. This number is unimaginable to most human beings.
But that is the actual number (over one quadrillion dollars). They never should have released that number because it created a bit of panic. Central planners immediately changed the accounting method for derivatives and this appeared to bring the total amount down to under $700 trillion. So through the use of an accounting gimmick the total was reduced, but it hasn’t changed the frightening reality of what the world is facing....
“But the real size of derivatives outstanding is well over one quadrillion dollars, and something clearly has our central banks terrified right now. We already know that Bernanke has led the US to significant amounts of QE, and the same is true of euro land. Maybe they are now looking at what the real cost of the derivatives will be and saying to each other, ‘Nobody can create that much money.’
What we may be seeing now is the fact that the central banks can no longer make the depositors whole. They are hitting the wall. This means that money is absolutely going to look to leave the financial system if indeed the final decision in Cyprus is to take money from deposits. We will know the answer as to what has truly been decided in Cyprus at some point during the April 13 to April 15 time frame.”
Eric King: “Jim, what you are saying here is that we are entering another phase where we can expect a dramatic increase in chaos as the one quadrillion dollars in derivatives causes more financial destruction?”
Sinclair: “Absolutely. When people say that the Cypriot banks lost because of being in Greek debt, what was one of the Greeks’ greatest sins? They used over-the-counter derivatives in order to hide the real condition of their balance sheet.
Depositor money, brokerage money, and clearing house money have been tangled up in the mountain of derivatives as the banks have used this cash to speculate in an attempt to make huge bonuses for bank executives. Unfortunately, most have lost their ass. This means that in many cases depositor money has already been wiped out.
What do you think happens when Buffett reports that he made $10 billion in derivatives? Somebody else lost $10 billion and it was most likely one financial institution. There is no question that what we are seeing right now is not isolated to Cyprus. It has happened everywhere, but is has been camouflaged by making the depositors and the banks whole. What Cyprus will reveal is that losses do not stop with the bank’s capital. Losses roar right through bank capital and take depositors’ money.
What people don’t realize is that the derivatives, especially the ones created between 1991 and 2007, are never-ending manufacturers of greater size of paper obligations because you have to put these additional items onto the derivative chain as the markets have certain events take place such as a downgrade of debt. God help us when we have a meaningful downgrade of US debt.
So, clearly our central banks are now very uncomfortable. They are worried about something of significant size which has yet to be revealed to the public. I guarantee you that whatever it is will have to do with the derivatives created between 1991 and 2007.”
Sinclair also added: “As money flees the financial system, one of the top items being purchased will be physical gold. Right now the gold market is engaged in an enormous fight between physical and paper. But two to three years from today people around the world will come to realize that gold is for your savings, and currencies are for doing business.
There’s absolutely no question that when it’s confirmed that the depositors’ loss of money is not a tax, not a new way of making things whole, but in fact the actual disaster that the global banking system is currently in, you will have a move toward physical gold greater than anyone on this planet now believes is possible. We will also witness the beginning of a level of fear and panic not seen in this world since 1929.”
Sinclair - Something Has Western Central Banks Terrified
Today Jim Sinclair warned King World News that something clearly has Western central banks terrified right now. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “Jim, Bloomberg had a story headlining on their site over the weekend claiming that depositors may lose as much as 60% on deposits in Cyprus.”
Sinclair: “This is all because of the one quadrillion dollars in derivatives that are in the financial system. Six years ago the Bank for International Settlements (BIS) at that time reported that the amount of derivatives already outstanding exceeded one quadrillion dollars. This number is unimaginable to most human beings.
But that is the actual number (over one quadrillion dollars). They never should have released that number because it created a bit of panic. Central planners immediately changed the accounting method for derivatives and this appeared to bring the total amount down to under $700 trillion. So through the use of an accounting gimmick the total was reduced, but it hasn’t changed the frightening reality of what the world is facing....
“But the real size of derivatives outstanding is well over one quadrillion dollars, and something clearly has our central banks terrified right now. We already know that Bernanke has led the US to significant amounts of QE, and the same is true of euro land. Maybe they are now looking at what the real cost of the derivatives will be and saying to each other, ‘Nobody can create that much money.’
What we may be seeing now is the fact that the central banks can no longer make the depositors whole. They are hitting the wall. This means that money is absolutely going to look to leave the financial system if indeed the final decision in Cyprus is to take money from deposits. We will know the answer as to what has truly been decided in Cyprus at some point during the April 13 to April 15 time frame.”
Eric King: “Jim, what you are saying here is that we are entering another phase where we can expect a dramatic increase in chaos as the one quadrillion dollars in derivatives causes more financial destruction?”
Sinclair: “Absolutely. When people say that the Cypriot banks lost because of being in Greek debt, what was one of the Greeks’ greatest sins? They used over-the-counter derivatives in order to hide the real condition of their balance sheet.
Depositor money, brokerage money, and clearing house money have been tangled up in the mountain of derivatives as the banks have used this cash to speculate in an attempt to make huge bonuses for bank executives. Unfortunately, most have lost their ass. This means that in many cases depositor money has already been wiped out.
What do you think happens when Buffett reports that he made $10 billion in derivatives? Somebody else lost $10 billion and it was most likely one financial institution. There is no question that what we are seeing right now is not isolated to Cyprus. It has happened everywhere, but is has been camouflaged by making the depositors and the banks whole. What Cyprus will reveal is that losses do not stop with the bank’s capital. Losses roar right through bank capital and take depositors’ money.
What people don’t realize is that the derivatives, especially the ones created between 1991 and 2007, are never-ending manufacturers of greater size of paper obligations because you have to put these additional items onto the derivative chain as the markets have certain events take place such as a downgrade of debt. God help us when we have a meaningful downgrade of US debt.
So, clearly our central banks are now very uncomfortable. They are worried about something of significant size which has yet to be revealed to the public. I guarantee you that whatever it is will have to do with the derivatives created between 1991 and 2007.”
Sinclair also added: “As money flees the financial system, one of the top items being purchased will be physical gold. Right now the gold market is engaged in an enormous fight between physical and paper. But two to three years from today people around the world will come to realize that gold is for your savings, and currencies are for doing business.
There’s absolutely no question that when it’s confirmed that the depositors’ loss of money is not a tax, not a new way of making things whole, but in fact the actual disaster that the global banking system is currently in, you will have a move toward physical gold greater than anyone on this planet now believes is possible. We will also witness the beginning of a level of fear and panic not seen in this world since 1929.”
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
But since no one was listening, everything must be said again.
-
Adamus
- Gold Member
- Posts: 1495
- Joined: 06 Oct 2011, 08:29
Re: James Sinclair vs Martin Armstrong
100 miljard USDskyscraper wrote:bij deze bevestigd:
http://www.beursduivel.be/nieuws/263239 ... fonds.html
blijven we hier of richten we samen een commune op aan de andere kant van de wereld?
er zullen toch wel "economic hitman" in Brazilië en ZdAfrika aanwezig zijn?
-
Indiana Jones
- Freegold Member
- Posts: 4765
- Joined: 05 Oct 2011, 16:00
- Contact:
Re: James Sinclair vs Martin Armstrong
Sinclair schatte het OTC Derivative volume rond 2008 in op ongeveer 600 trillion USD en de laatste jaren komt hij dus met een OTC Derivative volume van ruim 1 quadrillion USD op de proppen.
Hij had het toen (en heeft het nu) over het totaal volume OTC, wat nog niet wil zeggen dat dit hele bedrag ook het schade bedrag is. Wel schatte hij het schadebedrag in 2008 op ongeveer 20 trillion USD, als de hele boel in één keer afgewikkeld zou moeten worden, maar dat was toen nog fictief. Direct na Lehman (toen de schakel uit het systeem getrokken werd) schreef Sinclair dat deze schade in de toekomst ook daadwerkelijk genomen moest.! worden.
Zelf schat ik in dat het wereldwijd schade bedrag, dat nog steeds door boekhoudkundige foefjes in de boeken van financiële instellingen verscholen ligt, al lang geen 20 trillion USD meer is ... maar inmiddels veel meer.
Zouden de Brics aan 100 miljard genoeg hebben om hun eigen haggi droog te houden, als in het westen strakjes minimaal 20.000 miljard (= 200 keer zoveel) door het putje gaat ?
Die tientallen trillions of USdollars zijn te hoog voor een bail out, maar ook te hoog voor een bail in ... want miljardairs zijn er niet zo heel veel, en triljardairs zijn er nog niet .....
Hij had het toen (en heeft het nu) over het totaal volume OTC, wat nog niet wil zeggen dat dit hele bedrag ook het schade bedrag is. Wel schatte hij het schadebedrag in 2008 op ongeveer 20 trillion USD, als de hele boel in één keer afgewikkeld zou moeten worden, maar dat was toen nog fictief. Direct na Lehman (toen de schakel uit het systeem getrokken werd) schreef Sinclair dat deze schade in de toekomst ook daadwerkelijk genomen moest.! worden.
Zelf schat ik in dat het wereldwijd schade bedrag, dat nog steeds door boekhoudkundige foefjes in de boeken van financiële instellingen verscholen ligt, al lang geen 20 trillion USD meer is ... maar inmiddels veel meer.
Zouden de Brics aan 100 miljard genoeg hebben om hun eigen haggi droog te houden, als in het westen strakjes minimaal 20.000 miljard (= 200 keer zoveel) door het putje gaat ?
Die tientallen trillions of USdollars zijn te hoog voor een bail out, maar ook te hoog voor een bail in ... want miljardairs zijn er niet zo heel veel, en triljardairs zijn er nog niet .....
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
But since no one was listening, everything must be said again.
-
Indiana Jones
- Freegold Member
- Posts: 4765
- Joined: 05 Oct 2011, 16:00
- Contact:
Re: James Sinclair King World News
April 2, 2013
System Designed To Collapse Ahead Of New World Currency
Today Jim Sinclair spoke with King World News about the tremendous importance of the operation the central planners are executing in key markets right now. He also told KWN that the current financial system is designed to fail, ahead of the introduction of a new world currency. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “If you are in the shoes of the central planners here, Jim, what are you executing today and why are you executing this? For what purpose?”
Sinclair: “I want the general financial public to accept ‘bail-ins’ as a valid method of approaching further banking problems, which I want to the public to believe will not occur. In order to accomplish that, those items which trigger an alarm must be muted.
We live in an alarm-less society. Since Bretton Woods we’ve removed every single economic crisis alarm in currency, bond, and in fact all of our key markets.... “What would have been a crisis before Bretton Woods is today just another trading day.
The strategy of the central planners here, both medium- and long-term, is to never disturb the social order. Everything must be done to make sure that both the general public and financial public remain confident that the markets represent their best interests.
In order to make these giant changes which have been implemented, having a financial crisis would have worked significantly against that. ‘The social order must never be disturbed’ is the primary marching order of the central planners.”
Eric King: “This current operation in gold, when you look back on the history of the 12-year bull market, how important is this?”
Sinclair: “The day that seems the worst is generally the last in any type of correction. I think this week should wrap this (long corrective period) up.
The purpose of those who maintain a general equities market, and let’s just say the Plunge Protection Team (PPT), part of what you would have in place is a Rally Protection Team (RPT) against anything that would indicate there is a possibility that all things are not as they should be. By design they would want to stop a rally in anything that would indicate danger of all things not being well.
So as the PPT you have to keep your foot on gold in order to keep your hand constantly lifting underneath the Dow Jones. It’s quite a balancing act for them and that’s why they are the best in the world at what they do.”
Sinclair also added: “It is extremely important for people around the world to understand that if history has taught us one thing, it is that central planning has never, ever succeeded. This group of central planners will fail as well. They are designed to fail and they know it. They are simply there to buy time before a new world currency is put in place.”
===========================================================================
edit: 23:30
On the afternoon of Friday, Aug. 13, 1971, officials and other high-ranking White House and Treasury advisors met secretly with Nixon at Camp David. There was great debate about what Nixon should do, but ultimately Nixon, relying heavily on the advice of the self-confident Connally, decided to break up Bretton Woods by suspending the convertibility of the dollar into gold, freezing wages and prices for 90 days to combat potential inflationary effects, and impose an import surcharge of 10 percent. "Connally brilliantly packaged the program not as America abandoning its commitment to the gold standard but as America taking charge. He turned the dollar's collapse, which could have appeared shameful, into a moment of hubris."
In plaats van dit gerommel in 1971, waarin de dollar "en daarmee het hele wereldwijde geldsysteem, omdat de dollar reserve valuta is" een free floating systeem werd, had men een Bretton Woods 2.0 moeten ontwerpen (Sinclair heeft dat gezegd en Armstrong heeft daar zelfs hele stukken aan geweid).
Free floating betekent letterlijk:" de markt reguleert zichzelf wel" en we weten vrijwel allemaal wat er gebeurt in een markt waarin ego'tjes zichzelf mogen reguleren. Ze reguleren alles naar zichzelf toe, totdat het niet verder meer kan en ontsnappen dan op tijd, de rokende puinhopen achterlatend.
Zo is het tot nu toe iedere regering, iedere financiële entiteit, ieder free-floating system etc. in de hele historie vergaan (re: Armstrong) .... en helaas vergaat ons dat nu ook. De deksel op de beerput staat als een snelkookpan onder hoogspannning en als die er eenmaal af vliegt .... gaat dat met fors geweld.
Jammer, jammer, jammer, dat men het kennelijk toch zo ver laat komen want ik zit hier feitelijk helemaal niet op te wachten. Wordt niet gelukkig met wat goud in de zakken en anarchie in de straten ....
System Designed To Collapse Ahead Of New World Currency
Today Jim Sinclair spoke with King World News about the tremendous importance of the operation the central planners are executing in key markets right now. He also told KWN that the current financial system is designed to fail, ahead of the introduction of a new world currency. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “If you are in the shoes of the central planners here, Jim, what are you executing today and why are you executing this? For what purpose?”
Sinclair: “I want the general financial public to accept ‘bail-ins’ as a valid method of approaching further banking problems, which I want to the public to believe will not occur. In order to accomplish that, those items which trigger an alarm must be muted.
We live in an alarm-less society. Since Bretton Woods we’ve removed every single economic crisis alarm in currency, bond, and in fact all of our key markets.... “What would have been a crisis before Bretton Woods is today just another trading day.
The strategy of the central planners here, both medium- and long-term, is to never disturb the social order. Everything must be done to make sure that both the general public and financial public remain confident that the markets represent their best interests.
In order to make these giant changes which have been implemented, having a financial crisis would have worked significantly against that. ‘The social order must never be disturbed’ is the primary marching order of the central planners.”
Eric King: “This current operation in gold, when you look back on the history of the 12-year bull market, how important is this?”
Sinclair: “The day that seems the worst is generally the last in any type of correction. I think this week should wrap this (long corrective period) up.
The purpose of those who maintain a general equities market, and let’s just say the Plunge Protection Team (PPT), part of what you would have in place is a Rally Protection Team (RPT) against anything that would indicate there is a possibility that all things are not as they should be. By design they would want to stop a rally in anything that would indicate danger of all things not being well.
So as the PPT you have to keep your foot on gold in order to keep your hand constantly lifting underneath the Dow Jones. It’s quite a balancing act for them and that’s why they are the best in the world at what they do.”
Sinclair also added: “It is extremely important for people around the world to understand that if history has taught us one thing, it is that central planning has never, ever succeeded. This group of central planners will fail as well. They are designed to fail and they know it. They are simply there to buy time before a new world currency is put in place.”
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edit: 23:30
On the afternoon of Friday, Aug. 13, 1971, officials and other high-ranking White House and Treasury advisors met secretly with Nixon at Camp David. There was great debate about what Nixon should do, but ultimately Nixon, relying heavily on the advice of the self-confident Connally, decided to break up Bretton Woods by suspending the convertibility of the dollar into gold, freezing wages and prices for 90 days to combat potential inflationary effects, and impose an import surcharge of 10 percent. "Connally brilliantly packaged the program not as America abandoning its commitment to the gold standard but as America taking charge. He turned the dollar's collapse, which could have appeared shameful, into a moment of hubris."
In plaats van dit gerommel in 1971, waarin de dollar "en daarmee het hele wereldwijde geldsysteem, omdat de dollar reserve valuta is" een free floating systeem werd, had men een Bretton Woods 2.0 moeten ontwerpen (Sinclair heeft dat gezegd en Armstrong heeft daar zelfs hele stukken aan geweid).
Free floating betekent letterlijk:" de markt reguleert zichzelf wel" en we weten vrijwel allemaal wat er gebeurt in een markt waarin ego'tjes zichzelf mogen reguleren. Ze reguleren alles naar zichzelf toe, totdat het niet verder meer kan en ontsnappen dan op tijd, de rokende puinhopen achterlatend.
Zo is het tot nu toe iedere regering, iedere financiële entiteit, ieder free-floating system etc. in de hele historie vergaan (re: Armstrong) .... en helaas vergaat ons dat nu ook. De deksel op de beerput staat als een snelkookpan onder hoogspannning en als die er eenmaal af vliegt .... gaat dat met fors geweld.
Jammer, jammer, jammer, dat men het kennelijk toch zo ver laat komen want ik zit hier feitelijk helemaal niet op te wachten. Wordt niet gelukkig met wat goud in de zakken en anarchie in de straten ....
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.
But since no one was listening, everything must be said again.