In this interview recorded earlier today, Jim Willie discusses the debt tower of babel slow motion collapse in progress in the West, and also discusses an Eastern coalition intent on draining the western banking cabal of their entire physical gold stores.
‘Eventually this European strain will result in bank runs, then a gaggle of take-overs, nationalizations…big big aid programs/ recapitalizations amidst failures. Finally bank holidays. Bank holiday’s that will begin in France & Spain will spread to London and New York.‘
Regarding the Eastern coalition:
‘The Eastern coalition was formed in late 2011 with the specific motive to go out and acquire the gold held in New York and London banks, and TO BURY THEM.
Not bury the gold, to bury the banks! This Eastern coalition is armed with $50 billion in a war chest along with attorneys, judges, and gold brokers.
On April 30th an ENTIRE YEAR OF SILVER GLOBAL OUTPUT was sold in paper in ONE DAY. On February 29th an entire year of silver global mining output was sold IN TWO HOURS. These banks are selling without posting collateral. They’re selling annual output in hours.
The Eastern coalition sees these naked ambushes and are forcing margin calls on these gold cartel banks to force them to come up with cash, and they have decided to refuse the paper cash and demand delivery of the gold.‘
Willie’s explosive full interview below:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
I will
BELIEVE it
when it happens ( there is no amount of Phiz ……..to settle )
people will be bought & paid for
to keep this from
happening
$$$$$$$$$$$
will flow like water
to buy time
& infulence
IOW ……..the skids will be greased
& we ( the GDP – generaly dumb public ) will
pay the price
as allways
stack & prep
time grows ………….short
The “Big Enchilada” says Willie. Spain, Italy France with toxic Sovereign Bonds. This much is true. But, agreeing with Da Yooper, how much can and will the governments do? All they can to stop the great collapse. Print baby print.
It is true, however, the the Great Yellow Choo Choo Train (China) and the eastern countries are sucking up gold like an Aardvark on an exploded ant hill. When they finally get enough gold I think they will destroy the western banks. We’ll see. It only makes sense that they would do this after being the punching bag of the West for a long time. Germany knows the East is stacking gold hard and, IMO, that’s why they are allowing the PIIGS to give up their gold for collateral for loans. Germany wants as much gold as they can get their hands on. Bernie “GOLD IS NOT MONEY”. Burn those words in your brains and think the opposite. Stack as much PM’s as you can afford without shorting yourself on your daily expenses.
Wow. Willie getting down on Rickards. Things are getting serious. Interesting. Time “is” short and to quote the Yooper “GGA”.
P.S. It’s kind of like the Boy who cried wolf. He did it so many times, no one believed him. One day, a wolf really came and when he cried wolf he was eaten because no one believed and showed up to help.
The FED and central banks have kept telling us, we’ll pump more money in the system and everything will be O.K. They’ve doe this time and again but it is not helping. Now people don’t believe and they are pulling their money from the banks.
Wolf.
Published on May 24, 2012 by cfr
William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, discusses monetary policy.
This meeting was part of the C. Peter McColough series on International Economics.
Ya bro will get you hooked up with a jod as soon as I finish this joint![]()
John Williams of Shadow Stats “We’re getting close to the can and we are near a cliff”
Published on Jun 2, 2012
Long vid. 427, I’ll have to catch it tonight. split wood yesterday and working the garden to. Gotta be ready ya know!
LOL. Yeah, Got a job for you. After I finish this.
Thats about it 2oz, It’s going to take a vary long time for a true work force to start up again.
Powerful picture 427.
If all that Jim Willie say’s is true our banking system is in for a big hit by the Eastern Coalition and they will be the one standing and in control in the Precious Metals Market.
I will be sitting pretty for a while but is it worth it to see our country crushed because of the Cartel and their shenanigans over the past 10 years and now it’s backfiring on them.
After all this settles down I hope in my heart that the ones responsible will face US (WE The People) and get what they deserve. What a start to the day. Geessssssss
It’s not a Liquidity Problem Benjamin It’s a Solvency Problem Benjamin. It’s a Monetary War and the arsenal is the Dollar and T bonds, the ambushes are gold and the booty is Gold Bullion Bars. Great audio JW lots of great stuff. Thumbs Up
There’s a good chance Willie’s correct about this. Others have reported mega quantities of physical purchases from the East. Wouldn’t it be something if the big short in the PM market that Blythe mentioned she was acting on their behalf in her latest “interview” was the Chinese. From a strategy stand point only the Chinese would be willing to lose on fiat paper to privately acquire the physical at a suppressed price. When they let the PM price go(per Willie) they’ll be even and have the physical.
Steven Quayles postalos speaks to this. His essay gives a time line that lasts until the end of 2012 and into early 2013 when everything collapses. The post is on SGT and a few of the other blog rolls. We have seen others note this bank run of all bank runs. We might have until the end of this year to be out of paper and armored up against the crash The central banks will go to extremes to prevent this with printing but I seriously doubt if they can forestall the events that are coming.
China has some of the same problems and will suffer a massive recession when the rest of the world stops buying their products. ALL of their charts point in the same direction. They will be hit hard but since the have preplanned for this uncoming world wide financial disaster, they are better positioned to weather the storm. The $3 trillion in currency reserves may not fare well unless the PBOC disposes of much of that junk currency in short order and that is the order of the day for their bank. They are part and parcel of the currency manipulation in Europe that allows them to siphon gold and silver from the Euro countries. Their new PM exchanges are also lined up to profit from this coming debacle
On another note, if you have anything you need to do with your insurance firms, particularly that which involved medical processes, get them done ASAP. I moved up a hip replacement into August for the one reason. Insurance firms of all sorts are deeply embedded in the world of paper money, derivatives, equities and all the other things which make or break this type of industry. Lloyds of London is moving capital from the European countries, refusing to take policies in the counrties most likely to suffer the most while hunkering down for the coming storm This insurance firm is one of the oldest in the world and is pretty good at sniffing out the problems we will face.
If you do not want to wake up some day with no money don’t use a bank. Buy silver & gold and keep your fiat in your matres.
Just a thought. If we stack in anticipation of having a solid base of PM, let’s say silver, how do we allocate it as an alternative to the dollar. Assuming that we don’t hedge our currency with Canadian, Australian or Mexican currency, then we have either dollars or PMs to spend if the really hard crunch comes. My personal allocation is a hundred rounds or AE’s to convert back to dollars as needed once the personal stack of FIAT is more or less exhausted. Silver to dollar conversion yields spendable cash. Another hundred or so to pay for services for those who prefer having real money. The rest stacked for the future.
Sounds like a good plan AGX. I better stack some more. I think the first several months, a lot of people will still want cash. Too bad for them. This is probably a good subject for the forum. I’d like to hear a lot of different views on this.
Great interview.. he sounds very informed and confident…