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Shock Events & Gold Breakout - 5/14/2010 7:49:21 PM

pahunkboy

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Shock Events & Gold Breakout
Jim Willie, CB

The events of the last 12 to 18 months have been as shocking as they have been instrumental in reshaping the global financial structures. In fact, the events have pointed out the fracture of the global monetary system and banking systems. The steady stream of events is accelerating in scope and intensity. The fractures are finally being recognized. The key to understanding the continuation of disruptive and chaotic events is the realization that nothing has been fixed, no remedy put in place, no reform agreed upon, no liquidation of impaired bank assets completed, and no work toward a more stable system. Instead, the old system has been subjected to a patchwork of futile efforts and initiatives that speak more of bilking the system, redeeming impaired assets, and channeling funds to those most responsible for the fractures./snip

http://www.silverbearcafe.com/private/05.10/breakout.html

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RE: Shock Events & Gold Breakout - 5/14/2010 8:01:37 PM

pahunkboy

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REJECTION OF PETRO-DOLLAR & REVOLT Last May 2009, the Saudis with Russians and Chinese at their sides announced the eventual end to payments for crude oil to be honored in USDollars. The concept was endorsed by Japan and Germany, whose counselors from Berlin might be far more integral in reshaping the global landscape than the US-UK aging power merchants are willing to concede. The disrespect shown the USDollar has turned to revolt, seen in G-7 Meetings. In fact, the G-7 has morphed into a country club meeting for former power brokers. The new G-20 Meeting is the forum of substance, where the Chinese, Russians, Indians, and Brazilians can have a voice and no longer sit in the hallways while decisions are made. The USDollar is on the butt end of a Global Paradigm Shift with extreme force. The beleaguered buck will limp along until alternatives in the planning stage are launched. That is soon, really soon, like before 2011 is too far along. Gold will compete well with both the USDollar and any newly launched currency alternative./snip

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RE: Shock Events & Gold Breakout - 5/15/2010 7:17:10 AM

pahunkboy

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http://www.silverbearcafe.com/private/05.10/renaissance.html

(Editor's note: We are not living in the country that most of us are trained to think we live in. This series provides one of the most valuable, and thereby, important explanations of our current global financial system. Mr. Vrabel has employed his insights and experience to create a step-by-step breakdown of our journey from the Republic our Founders intended to the Financial Empire that the system has become. If you care about the future of our country (and the world for that matter) you must understand what is going on./snip

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