The following major upcoming events will be exciting to watch unfold, one after the other. The steps will each involve a quantum jump in the Gold & Silver prices. The process will take a few years, but might be breath-taking in speed once the process is begun.
The US dollar (USD) is like a balloon. It will eventually pop and the system will not be able to withstand the shock.
- Systemic breakdown will give way to failure of the entire monetary system upon which the USD rests.
- The Gold Standard will be urged on, first in trade, then in banking, finally in currency.
Possible (Likely) Trigger Events
The triggers for profound unspeakable sudden crisis will likely occur when:
- the crude oil price touches $30,
- oil contract hedges expire initiating a string of bank failures
- a rash of Emerging Market debt defaults of between $6 and $11 trillion begin.
One or more of the above events is likely to occur in the next few months, probably all three.[In addition to the above, a number of the following events could also occur:]
- Fall of House of Saud, from financial and internal forces
- Saudis concede to Chinese oil sales in RMB currency
- China & Russia inaugurate the Gold Trade Note for payments
- Group of southern European banks fail simultaneously in a PIGS fit
- Turkey suffers military coup to oust Erdogan, exits NATO
- Deutsche Bank failure, unsuccessful restructure, leading to derivative incident
- Germany & France halt Russian sanctions
- QE declared a failure by renegade western bankers
- Wall Street Banks lose control of interest rate derivatives
- US Fed rate hike causes immediate derivative incident
- Chain reaction of nations announcing precious metals backed currency (see Mexico, Russia, Germany, Iran, South Africa)
- Evidence put before United Nations on US-UK-Israel role in ISIS terror
- New oil cartel emerges between Russia, Iran, Saudis to upset global alliances
- United States, NATO, British Crown, Vatican revealed as narcotics agents
- Assassination of one or more Western elite figures
Whatever the trigger or triggers, when the next crisis hits, it will be five times worse than the Lehman event within the United States in 2008. When the next crisis hits, it will be five times worse than the Asian meltdown internationally in 1998…
Consequences of IMF Refusal to Include RMB In Their Currency Basket
Events of the last two or three weeks could not be more disruptive, dangerous, or ominous.
- The IMF refused inclusion of the RMB in their currency basket, clearly feeling threatened.
- In response, expect China to hasten its efforts to dislocate the USD from its perch in trade and banking.
- Expect extreme pressures to accelerate the increasing required usage of Chinese RMB in trade settlement…
- Expect a major step toward coercing the Saudis to accept RMB currency for payment in oil shipments, a movement sure to spread to all Gulf Emirate nations. The oil card is the flash point.
- In time, expect an eventual refusal by Eastern manufacturing nations to accept US Treasury Bills in payment. The IMF reversal decision assures this UST Bill blockade in time, and might accelerate the timetable.
A New Dollar
…The US government will be forced to react to US Treasury Bill rejection at the ports. A New Dollar will arrive in order to assure continued import supply to the US economy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety…and fail all foreign and Eastern scrutiny…
$10,000 Gold & $400 Silver Coming
The Gold price will find its true value and price over $10,000 per [troy] ounce. The Silver price will find its true value and price over $400 per [troy] ounce. In reaching these levels, the ratio will return to the 25-1 range…
The major upcoming events will be exciting to watch unfold, one after the other, in an inevitable sequence away from fascism and concentrated uni-polar power, with a strong movement toward freedom and equitable systems with distributed power. The steps will each involve a quantum jump in the Gold & Silver prices. The process will take a few years, but might be breath-taking in speed once the process is begun.
The above article* was written by Jim Willie (GoldenJackass.com) and was originally posted on goldseek.com. It is presented here by the editorial team of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) in an edited ([ ]) and abridged (…) format to provide a fast and easy read.]