[Jester] HI EVERYONE... HAPPY SATURDAY NIGHT... HOPE YOU ARE ALL DOING WELL...
[Aunt B] Jester here is food for thought... if it goes the hard way... how will the big corporations make money, if we have no money to spend to purchase their product... they will go under also! Hmmm... they may want rethink what they really want for the US!
[Jester] Aunt B WE BEEN WONDERING THAT TOO... THE THINKING IS THERE IS SOME SORT OF EXCHANGE WHEN THAT WOULD HAPPEN... NO ONE REALLY KNOWS... BUT THE CORPORATIONS ARE PART OF ALL THE STUFF GOING ON... THAT IS PART OF THE LONG STANDING PROBLEM...
[Jester] Aunt B HOWEVER... I DID SEE SOMETHING THAT WAS INTERESTING... GOING ALONG WITH SOME OF THE STUFF WE HAVE BEEN TALKING ABOUT... IT WAS IN THE EXAMINER WHICH IS NOT EXACTLY MAINSTREAM BUT I DID NOT SEE ANY OF THEM PICK IT UP... MAYBE THE WON'T... HARD TO SAY..
[Jester] Since the beginning of the year, and perhaps even going back to the end of the 2008 credit crisis, gold and silver markets in both London and the U.S. have seen a massive amount of manipulation by the bullion banks in an effort to protect the dollar and reserve currency at the same time the Federal Reserve began implementing the policies of ZIRP, QE, and direct monetizing of U.S. debt. This of course has led the spot price of gold in the physical, paper, and futures markets to become depressed so much that several global miners no longer are able to make a profit from excavating and refining the precious metals.
[Jester] But on Sept. 11, the days of Western manipulation may be quickly coming to a close as China is currently holding a three day Gold Conference in Beijing, with the primary purpose being the denominating of gold contracts in yuan rather than dollars, and creating a metals market that is absent manipulation and capable of wresting control of price discovery from the Comex and other Western banks that need to control prices to protect the crumbling reserve currency.
[Jester] The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, bullion banks and refiners.
[Jester] In an announcement that coincides with the China Gold Congress today, the Shanghai Gold Exchange just announced that it is launching an internationally tradable yuan denominated physical gold contracts to be traded in the free trade zone for the popular retail 1kg gold bar, the Good Delivery 12.5kg (400 oz) bar popular with central banks, and a smaller 100 gram bar contract.
[Jester] We may soon see global gold hub wars between London and New York on the one hand and the increasingly powerful eastern hubs of Singapore, Shanghai and Beijing on the other. – Goldcore
[Jester] This sudden shift in policy by the Chinese to control and perhaps dominate the gold market is being taken seriously by London and U.S. gold cartels that have been the primary keepers of price discovery and fixing for decades. At the same time Shanghai is gaining approval for more bullion banks to expand the capacity of the gold markets in Asia, the U.S. based CME is in negotiations to open their own offices and outlets for gold contracts in Hong Kong which will create a full monetary war between the yuan and the dollar over the power and authority to control gold prices and discovery.
[Jester] The biggest question on who will ultimately be successful in this economic war comes down to who actually has the physical gold on hand to supply contracts that will no longer be paper ones that are normally rolled over each month, and instead are concrete contracts that will require delivery of physical gold at an agreed upon price. And according to long time metals analyst Harvey Organ in an interview on Sept. 10 with Greg Hunter of USA Watchdog, the U.S. and London no longer have any gold at all, and this attempt to usurp the Chinese in dominating the metals markets for the future will not only blow up in the CME's face, but will cause the actual price to rebound strongly to its true value of upwards of 100 times greater than what the current spot price is that rules the markets today.
[Jester] NOW THAT FOLKS... IS A PROBLEM FOR THE US... TAKE IT FOR WHAT IT IS WORTH... http://www.examiner.com/article/china-forming-plans-to-take-away-gold-market-and-price-discovery-power-from-u-s
[Jester] LOOK... IT WOULD TAKE AN OSTRICH HEAD IN THE SAND TO NOT SEE WHAT IS GOING ON IN THE WORLD AT THIS POINT... IT IS IN YOUR FACE... SO IF YOU CHOOSE TO IGNORE THE OBVIOUS THEN YOU GET WHAT YOU GET... BUT WHEN IT IS SO APPARENT THAT THESE THINGS ARE HAPPENING... THEN IT IS DENIAL... FOR WHAT IT IS WORTH I CHOOSE NOT TO BE IN DENIAL...
[Jester] LETS TALK ABOUT THE GOLD...
[LuckyB] the gold situation i find very interesting thank you jester
[Jester] DID YOU ALL NOTICE THE REALLY IMPORTANT POINT IN THAT ARTICLE?
[LuckyB] Fed loosing it grip
[Jester] And according to long time metals analyst Harvey Organ in an interview on Sept. 10 with Greg Hunter of USA Watchdog, the U.S. and London no longer have any gold at all,
[pollyp] Jester, yes
[Jester] NOW ISN'T THAT INTERESTING... WONDER WHERE IT IS???????
[Jester] AND MAYBE THAT HAS SOMETHING TO DO WITH OUR FAILURE TO PONY UP TO THE NEW SYSTEM REQUIREMENTS?
[pollyp] Jester, China and Russia!
[Jester] MAYBE WE CANNOT DO IT... THAT IS THE POINT THAT I GOT OUT OF IT... WE'LL HAVE TO SEE HOW THAT GOES I SUPPOSE...
[pollyp] Well, and some others as well, but not USA
[Jester] NOW THINK ABOUT THIS... IF WE ARE THE ONLY CURRENCY THAT DOES NOT END UP GOLD AND ASSET BACKED BECAUSE WE DON'T HAVE IT ANYMORE... THAT MIGHT GIVE YOU A CLUE TO THE WORTH OF THE USD AT THAT POINT...
[Pilgrim] Jester none?? we have none??? Amazing
[Aunt B] Jester none zip nada zero
[LuckyB] could thi8s be why only the silver certificate came outback in 1962 instead of Gold certificate ?
[Goose] Jester did the cabal take it?
[Jester] Goose DUNNO... PROBABLY...
[pollyp] Jester, it was bait and switch
[Goose] Jester Well if someone knows who they are why don’t we take it back?
[Jester] SO... LOST OF OTHER STUFF OUT THERE TOO... ALL YOU HAVE TO DO IS LOOK... IF YOU DO NOT THINK THAT THE HARD WAY IS A POSSIBILITY YOU ARE NOT LOOKING AT IT RIGHT...
[Jester] Russia And Iran Put Oil-For-Goods Deals Into Motion As Iran Signals Similar Arrangements Coming With China
[Jester] As the world powers square up over sanctions and energy reserves, while using oil-for-goods deals to bypass US dollar settlement for oil transactions, the Geo-political ramifications for the status of the US dollar as the world’s reserve currency look to be on increasingly shaky ground.
[Jester] A breaking of the stranglehold of the dollar on international oil transactions could usher in a number of transaction substitutes such as the Euro, the Yuan, and also the international currency of gold.
[Jester] GOLD? HMMM... WE DON'T HAVE ANY...
[Jester] Representatives of the Russian and Iranian governments met in Tehran yesterday for the 11th meeting of the Iran-Russian Trade Council, where details of a ground breaking oil-for-goods swap between the two heavily sanctioned countries were revealed.
[Pilgrim] we're gonna get a really harsh Pay Back!! It appears
[Jester] WELL... THIS STUFF IS REALITY... IF THE HANDWRITING IS NOT SHOWING UP ON THE WALL I DO NOT KNOW WHAT ELSE TO TELL YOU...
[Jester] INTERESTING PART?
[Jester] Russia doesn’t necessarily need Iranian oil imports and these could easily be re-exported to other countries including China. Iran is China’s third largest supplier of crude oil.
[Jester] PUTIN IS A SMART OLD DOG... HAHAHAH
[pollyp] Russia, China and Mongolia make deal to share resources and pay in Rubles and Yuan. The USD is dead
[Jester] LET'S MAKE FRIENDS WITH EVERYONE WE CAN AND TELL THE US TO TAKE A HIKE... THAT IS WHAT HE IS DOING...
[Jester] OOPS... HERE IS THE ARTICLE WITH ALL THE TECHNICAL STUFF IF YOU LIKE... http://www.maxkeiser.com/2014/09/russia-and-iran-put-oil-for-goods-deals-into-motion-as-iran-signals-similar-arrangements-coming-with-china/
[nancy] Jester and he is doing a really good job of making friends
[jbmeans] Jester if I am not mistaken, I believe about a year ago, you shared with us that the Republic was "funded". How does that fit in with where we are now?
[Jester] AND IN ANOTHER ARTICLE I SAW ON THE PAUL SITE...
[Jester] "The days of the petro-dollar being the sole currency for energy and commodity transactions is quickly coming to a close, and as such, the U.S. is not going to go down without a fight. And the more policies that come out of Washington which threaten the global financial system through economic sanctions and attempted 'red lines' that have far reaching effects for trade and sovereign economies, the faster the world will flee the old system, and more further into Russia and China's camp which is outside the dollar, and dedicated towards a new free trade foundation."
[Jester] Last week, Russia announced an game changing shift for energy in which they are now allowing the sale of oil and natural gas to be done in both Roubles and Yuan, bypassing the dollar and cracking the 40 year old petro-dollar system. And on Aug. 31, Dr. Jim Willie reported during an interview with TFMetals Report that this break away from U.S. hegemony over the purchasing of oil is not being limited to just Russia, but that the foundational country of petro-dollar origin, Saudi Arabia, is in talks with the Eurasian energy giant to join them in a partnership that will also disconnect the Arab Kingdom from the dollar, and open energy sales within the OPEC nations to be done in Roubles, Yuan, and perhaps even the Euro.
[Jester] UT OH... THE END OF THE PETRO DOLLAR IS GOING TO HURT...
[Aunt B] Jester will this bring the prices down?
[Jester] Aunt B HMMM... PROBABLY EVERYWHERE BUT HERE...
[nancy] Jester do you think things will get as bad in Canada as here when it all goes in the crapper?
[Jester] AND THAT ARTICLE IS HERE IF YOU CARE TO SEE THE REST OF THE DETAILS... http://www.examiner.com/article/jim-willie-saudi-s-are-on-the-verge-of-joining-russia-non-dollar-oil-sales
[Aunt B] Nancy Canada gets it from the US... my brother has delivered it to Canada
[Jester] nancy HMMM... GOOD QUESTION... ONE OF MY BIGGEST CONTACTS IS IN CANADA AND WE TALKED ABOUT THAT YESTERDAY... HARD TO SAY... BUT I AM BETTING THEY WILL NOT BE IN THE SHAPE WE END UP IN...
[LuckyB] well i believe these socialist's so and so's knew what hey were doing .. by killing the largest majorities of our industrial movements . and they knew right where we are heading
[Jester] SO WHAT IS LEFT... THE DOLLAR IS ON LIFE SUPPORT... THE FED IS IN TROUBLE... BUT THEY STILL HAVE CONTROL OF THE SYSTEM... THE WIRES AND SWIFTS AND TRANSFERRING MONEY...
[Jester] OOPS... MAYBE NOT... MORE INFO...
[Jester] End of dollar? Russia and China in works to create new SWIFT system
[Jester] On Sept. 10, First Deputy Prime Minister Igor Shuvalov of Russia announced that Russia and China are in the works to create an alternative replacement to the long-standing SWIFT system, and end for good the dollar as the sole reserve currency in the global financial system.
[Jester] The SWIFT system was created in 1973 in Brussels, Belgium to coincide with the Petrodollar agreement made between Henry Kissinger and the House of Saud (OPEC) that same year. It established the central focal point for all oil sales to be done using the American currency, and was the asset replacement for the dollar and reserve currency forged after President Richard Nixon took the dollar off the gold standard in 1971.
[Jester] The Petrodollar system has been in place for nearly 43 years, but has been under serious pressure from Eastern economies after the Federal Reserve began inflationary programs through the monetizing of debt. Additionally, the U.S. has used the dollar and the SWIFT system as an economic weapon, as seen several times in the past where they cut off nations from access to dollar swaps under the guise of economic sanctions.
[pokerbrat] Sounds like a work around.
[Jester] WHAT DOES ALL THIS STUFF TELL YOU GUYS? I DON'T HAVE TO HAVE CONTACTS FOR THE THINGS I AM SAYING... IT IS IN THE FRICKING NEWS... IF YOU DO NOT LIKE TO SEE IT THEN GO AHEAD AND KEEP YOUR HEAD IN THE SAND...
[nancy] Jester sometimes we see all these things but don't connect the dots. That is where you came in and helped those of us that want to see the Big picture and thank you for that.
[Jester] WANT MORE? China moves quickly to control gold markets after end of London fix
[Jester] Over the past 18 to 24 months, China has been far and away the largest importer of physical gold. In fact, along with India and Russia, nations in the East have taken advantage of the depressed metal prices to virtually drain both the U.S. and London markets of their once dominant stranglehold over the precious and monetary metal.
[Jester] And with the combination of their massive deposits, coupled with the end of the London price fix cabal, China on Aug. 19 is now using this position of control to begin the setup of a new facility and mechanism whereby they intend to become the new determiners of global gold prices, and more importantly, where the metal will soon be priced, bought, and sold primarily in Yuan rather than through the longstanding tradition of using dollars, which controlled gold prices through manipulated paper futures contracts.
[Jester] It has been less than a week since the 117 year old London silver fix was disbanded and moved to an purely electronic system. And in that short period of time, China appears to have been fully prepared for this change through their expansion of the number of institutions they are allowing to import gold, and market in one of the several new metals facilities being created in both Hong Kong, and on the mainland itself.
[Jester] WE ARE GETTING PLAYED LIKE A DRUM...
[pollyp] So now the Chinese are manipulating the gold prices????
[Jester] pollyp NO I DON'T THINK SO... READ THE ARTICLES AND YOU WILL UNDERSTAND THEY ARE SETTING UP FOR THE NEW SYSTEM...
[Jester] THE WHOLE WORLD IS SETTING UP FOR THE NEW SYSTEM... EXCEPT US...
[pollyp] Jester, so the free market will dictate? Okay I'm all for it!
[Jester] REMEMBER THAT A YEAR AGO WE ALL TALKED ABOUT THE EASY WAY AND THE HARD WAY... PLAN A OR PLAN B... OR WHATEVER YOU LIKE TO LABEL IT... AND PREDICTED THAT IF THE US DID NOT GET THEIR STUFF TOGETHER AND COME TO AGREEMENT WITH THE WORLD THEN IT WOULD NOT BE GOOD FOR US...
[LuckyB] the Chinese are dragons when it comes to gold all these years they have been setting things up for a domino effect and i truly believe the Fed glass house will shatter
[Jester] LuckyB I AGREE.... AND SINCE THE US WILL NOT PLAY THEIR WAY... IE: GET RID OF THE FED CONTROL AND LET US BE FREE... THE REST OF THE WORLD IS GOING TO WORK AROUND THE PROBLEM...
[Jester] YOU DON'T NEED ME TO SEE THIS HAPPENING ANY MORE... IT IS IN THE NEWS... ALL YOU HAVE TO DO IS LOOK FOR IT...
[pokerbrat] Jester the FED our puppets and their puppet master and the sheeple learning the hard way does not upset me but the guys who see it and get caught in the title wave is the negative. Obviously.
[Jester] THE WORD IS THAT THE HOUSE AND THE SENATE ARE WORRIED THEY CANNOT DO MUCH TO CHANGE WHAT O IS DOING... HE THINKS HE CAN DO WHAT HE WANTS...