Jim Willie update on Financial Collapse and Geopolitical Chess moves 10.26.2015







 Great interview with Dr. Jim Willie, Editor of the Hat Trick Letter that can be found on www.GoldenJackass.com

Topics:
1) Lost US leadership globally, with Petro-$ gone and USMilitary retreat

- numerous hidden consequences to the dismantled Petro-Dollar Standard
- rising USD exchange rate (not from strong economy) has slammed a few areas
- US energy sector in absolute wrecked tatters (bankruptcies, debt defaults)
- US export trade in standstill (empty Calif shipping containers)
- assaults on Wall St bank balance sheets, with derivative losses (covered by Hidden QE)
- led to Russian Military inclusion in northern Middle East front
- Russia saw threat to Tartus Naval Base, to Turkey and Bosporus entry, to Russia front
- duplicity of the ISIS/ISIL entire movement and position by USGovt
- growing retreat has deeper military superiority issues at work (Russian spot items)

2) RMB international seeding and spread with Hub Centers, trade settlement, and soon oil sales

- London strives with ambition to be major European RMB hub for connection to China
- London has ambition to be major link to China for massive trade deals
- competition with France, Germany, Switzerland on RMB hub centers
- delay for IMF Special Draw Rights inclusion seems orchestrated
- IMF inclusion means perhaps $1 trillion in estimated RMB bonds in Western bank systems
- cross border trade rising noticeably in RMB settlement (still rather minor)
- fast rising RMB settlement in gold trade
- big BIG item upcoming is Gulf Emirate oil sales in RMB terms
- strategic meetings between Saudis and Russia at Kremlin with Putin
- negotiating Saudi role vis-a-vis ISIS, and probably RMB sales with Russia price setting
- major changes coming to Saudi, either play ball with Kremlin or swept out in palace coup
- Russian trade zones avoid USD in payments, likely to use more RMB
- CIPS payment system set running, to be expanded, rivals SWIFT (pushed aside for abuses)

3) USTreasury Bond cracks covered by (not so hidden) $1 trillion in monthly QE volume

- ongoing USTBond market fractures and collapse in ultra slow motion
- maybe negative interest rates far more widely, even on Fed Funds
- negative flirt on REPO rate and Dollar Swap rate
- major new item is Reverse REPO gigantic volume, Fails Deliver TBonds gigantic volume
- $40 billion in daily Fail volume means $1 trillion per month in Hidden QE by USFed
- flow is confirmed, but purpose is not (suspect Wall St bank oil hedges and Petro-$ derivs)
- Belgium EuroClear identified as Chinese (BRICS too) weigh station for TBond dumping
- notice $250bn in Chinese dumped TBonds in July, Aug, Sept but TNX calm near 2.0%
- USTreasury Bond market under full control, emergency war room condition

4) Key swing nations in Britain, Germany, Turkey, Saudi Arabia

- geopolitical stage at risk of important tipping points
- Britain might make key decisions against USD in order to court RMB trade
- Germany might make key moves to further Frankfurt RMB Hub
- could it be that Germany will undermine Russian Sanctions via further RMB moves?
- Turkey has upcoming elections in early November
- word is tilt East even if Erdogan wins, but much faster tilt if loses
- risk of Turkish Military coup present and strong
- Turkey is important in two ways: Bosporus control, Turk Stream in Gazprom pipeline
- Saudis are in state of flux, royal challenges as King Salman is out with senile dementia
- Mohammed bin Salman (MbS) is in charge, cutting deals with Putin in Russia
- war in Yemen going badly, another proxy war with Iran
- Saudi important in numerous ways: turns Emirates RMB, end of Petro-$, oil exhausted




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