Hidden Factors to Systemic Failure

More stress issues playing out. 

The party is over!

Jim Willie does not disappoint with his latest missile, but is late to the party as the moves are well behind what is being said or is in play and I imagine he cannot yet say what really is happening. But it is a excellent overview of what has occurred.



Gold Seek
By Jim Willie
3 July 2014

The most amusing question asked of the Jackass by clients and other people is when the system is going to break down. My usual answer is 2008, which causes a strange reaction, since a past date. Then they are given a tactful tongue lashing that they have failed to notice, detect, or discern properly the failed system in front of their noses. Further quizzical looks and pleas for explanation bring a torrent of headline facts.

Seeing events through a different lens of statistical reality with almost no gullible or naive tendencies, the intrepid analyst relates the tipping point was the Lehman kill in Sept 2008, following the subprime mortgage collapse. (Forecasted in advance by the Hat Trick Letter). It was a death event for the US banking structure, which should have forced liquidation of all Wall Street firms. Then came the Financial Accounting Standards Board relaxation of rules in April 2009, which still permits the big US banks to declare their assets at any value they wish. They hide grotesque insolvency. Their liquidation would not happen, instead zombies walked.

The next tipping point was the Federal Reserve announcing a move toward the Zero Percent Interest Rate (ZIRP) in early 2009. (Forecasted in advance by the Hat Trick Letter). The next tipping point was the Federal Reserve announcing the bond monetization initiative (QE) in early 2012. (Forecasted in advance by the HTLetter). The next tipping point was Taper Talk removed in September 2013, an obvious declaration of QE to Infinity. (Forecasted in advance by the HTLetter). The most recent tipping points are the Syria War and the Ukraine War to obstruct the Russian Energy Monopoly in the European energy market. Further signals abound, but are more effectively hidden. Cyprus, Syria, and Ukraine all have Gazprom obstruction in common. The defense of the USDollar has taken historically unprecedented turns.

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