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Welcome to the Golden Jackass!
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[## ALL AUGUST REPORTS POSTED to the website ###]
MAX KEISER INTERVIEW (JULY 30th, two parts with video)
http://www.youtube.com/watch?v=GZ2swdKWbHE
http://www.youtube.com/watch?v=YUxZRJxNrMI
"Gold & Investment in Failure" -- to point out the impact of USGovt deep investment in failure, fraud, and banker welfare, as the monetary system corrodes... the true stories about the major failed firms is full of intrigue, while actual recovery is not remotely possible without a liquidation of big bank assets... but they control the USGovt, hence much more wasted and pilfered money will erode the monetary pillars much more, lift the gold price toward $3000, and lead to ruin for the US Federal Reserve... a USTreasury default is assured, the path built, the signposts not yet written
http://news.goldseek.com/
"Cancer & Desperation of QE2" -- to warn that the next monetization phase shows desperation, as No Exit Strategy ever was available, and the housing renewed decline will cause a clear recession in the US, forcing cancerous measures and perverse programs, like diverse bonds being covered by printed money, like a Fannie Mae grab of all under-water mortgages... the risk of QE2 is direct huge loss of credibility for the USFed, lost faith in the USDollar... witness silver has separated from the commodities (weak metals & energy, strong gold & silver), taking its place as a monetary asset, as September is the strongest month for precious metals
http://www.financialsense.com/contributors/jim-willie/cancer-and-desperation-qe2
"Naked Shorts as Liquidity Machine" -- since Wall Street banks died in October 2008, and their stock & bond business has dried up (due to lawsuits, scandal, and distrust), they have resorted to naked shorting of USGovt-backed USTreasurys and USAgency Mortgage Bonds... the failure to deliver in US mortgage debt was $1.34 trillion in the single week of July 21st... they have found a lucrative liquidity machine in selling that which they do not own, but thanks to a Goldman Sachs preppy at every conceivable regulatory or finance ministry post, prosecution will not occur... implications to the USDollar are vast, as profound fraud in naked bond shorting has followed profound mortgage bond fraud
http://www.kitco.com/ind/willie/aug122010.html
"Major Structural Changes in One Year" -- to refute claims that nothing has changed, although the scandalous corrupt power regime remains in control, since several important changes can be identifiied that irreversibly alter the status quo... gold has become a recognized reserve asset, the gold shortage has grown acute, sovereign debt has lost respect as an asset class, the USEconomy is entering a recession after 20 months of 0% rate (permanent fixture), the QE monetization is permanent (gold propellant skyward), and the Gulf of Mexico ecosystem is deeply damaged
http://www.marketoracle.co.uk/Article21643.html
"Kindergarten Double Dip Economics" -- to teach basic economics using various simple signals, like falling money supply, falling leading economic indicators, falling home purchases, rising bank owned home inventory, falling housing prices, rising commercial delinquency, and rising jobless claims, thus exposing economists as the dumbest guys in the room
http://news.goldseek.com/GoldenJackass/1280352558.php
"Smoking Guns of USTreasury Monetization" -- to expose evidence of bond fraud and blatant monetization, where $1.5 trillion excess issuance beyond deficits have been sold (money gone where?), the United Kingdom hides their additional $170 billion bought in five months (hardly! with crippled economy), the Household category hides the accounting in a catch-all ledger item, where the Household actually holds more USTBonds than the US Federal Reserve, and with full insult, the Chinese Dagong credit rating agency downgraded USTreasurys
http://www.kitco.com/ind/willie/jul222010.html
"Crisis Redux: Road to Perdition" -- to warn of a serious stock market decline and economic recession, worse than the crisis last autumn 2008, since no attempt has been made to reform or restructure the system, nor liquidate impaired assets, seen as the US Stock Market appears poised to fall over the cliff's edge, after over $2 trillion of federal money has been squandered... gold is more recognized as a global reserve currency alternative during the siege of sovereign debt, while enormous USTreasury issuance has perversely come with a lower 3.0% yield on the long bond, and the USGovt and USFed have withdrawn the stimulus and accommodation... beware the housing market in a powerful second deadly dive, which will enable recognition of the return to crisis, a Crisis Redux comes, and a new Quantitative Easing
http://www.gold-eagle.com/editorials_08/willie070810.html
"The Path to Gold-Backed Euro Currency" -- to portray the IMF Special Drawing Rights as a desperate doomed attempt (Straw Man) by the Anglo bankers to hold power, so as to oppose the G-20 which pursues radical monetary solutions not centered upon the USDollar... the Anglos wish to de-rail the Paradigm Shift away from the USDollar as global reserve currency, which has put foreign reserves at grave risk and has given the US license to commit fraud, to counterfeit, to wage war, and to build an economy of foreign credit... Europe must react to ruin from PIGS nation debt, like with a legitimate gold-backed currency, since a paper currency can NEVER replace a paper currency
http://www.marketoracle.co.uk/Article20560.html
"PIGS-Less Euro at the Door" -- to describe the powerful forces acting upon the PIGS nations (Portugal, Italy, Greece, Spain) that will separate from common Euro currency usage, from debt restructure to economic stimulus to autonomy, with Italy next due to its large debt to finance (9x Greece) in 2010, and Spain next due to fantasy accounting and prices for property & bank credit assets... in fact, the PIGS-less Euro is a precursor for the gold-backed New Northern Euro currency in a natural progression
http://www.gold-eagle.com/editorials_08/willie060310.html
"Hidden Dollar Swap Hammer" -- to describe the abuse of the USFed Dollar Swap Facility in funding the gold price suppression, as gold futures options expiration motivated a pounce on gold when the USTreasurys were near the point of technical chart breakdown, but the gold chart remains on course with its breakout, assured of endless Quantitative Easing and evermore economic stimulus... beware of Interpol activity in the United States, as reports of high profile banker arrest warrants in plan
http://www.financialsense.com/fsu/editorials/willie/2010/0526.html
"Shock Events & Gold Breakout" -- to reveal the incredibly long list of extremely shocking events in the last year, now the norm, as the fiat currency system is stuck in death throes, confirmed daily by the sovereign debt crisis circling the globe, whose fix is certainly not the latest $Trillion bailout, since the Euro currency is lower than before the announced non-REMEDY... watch Gold, in breakout mode in almost every major currency in existence, regarded as a currency of last resort, a safe haven amidst broken government debt
http://www.gold-eagle.com/editorials_08/willie051310.html
"The Devaluation of the USDollar" -- to argue the urgent need of a lower US$ exchange rate, due not for money supply reasons as much as debt reasons, aggravated by huge future obligations for funding Black Holes still spinning, as the central banks are locked at 0% indefinitely and the US financial system suffers from massive loss of confidence stemming from the string of fraudulent episodes, the latest being the Goldman Sachs fraud case
http://www.financialsense.com/fsu/editorials/willie/2010/0422.html
"Two Signposts & Stealth Run" -- to cite two signals that contradict the message of a strengthening USDollar, in the 10-year USTreasury yield hitting 4.0% (the nemesis to Gold) and in the crude oil price touching $90 (indication of high economic costs), as all USDollar hedges and adversaries show weakness at an unprecedented time of market rigging within the Gold market, a development forewarned by the Jackass... the Gold price prepares for a challenge of highs as psychological damage to all major paper currencies is staggering dangerous great
http://www.kitco.com/ind/willie/april082010.html
"The Tipping Point at Zero" -- to point out the broken nature of US debt structures, as marginal productivity of debt is negative, thus when price inflation arrives, it will NOT be mild, as parallels between the USFed and Weimar central banker are alarming, while the gold price has broken out in Euro terms, in Pound Sterling terms, and next in US$ terms, pushed by the next Quantitative Easing rounds
http://news.goldseek.com/GoldenJackass/1269374400.php
"Distress Signals on Crisis Watch" -- to make a partial list of the cornucopia of the events that scream out C-R-I-S-I-S across many different topics in the financial and economic world, an alarming array never witnessed in my lifetime, with crisis the new norm, as the gold price soon escapes a tight pennant pattern, like when the next Quantitative Easing program is announced
http://www.financialsense.com/fsu/editorials/willie/2010/0310.html
"Over-Arching Sovereign Debt Risk" -- to reveal recent suspicious USTreasury auctions smelling of massive monetized debt (fully denied before Congress), as rumblings circle the globe on high profile defaults, a Moodys warning to USTreasury downgrade complacency, high economic costs to Europe as the Euro currency rises, while quietly a Gold rally in all currencies has begun
http://www.freebuck.com/articles/jwillie/100223jwillie.htm
"Complete Crisis Coordination" -- to explain how crisis has become the norm, with an exit strategy not available, the economy burdened by home foreclosures and falling money supply, while the Dollar Death Dance part II is underway, manifested in a rising US$ due to intolerance for sovereign debt and lost faith in fiat currencies, and the USGovt debt looking as pathetic as Greece and Spain... dont look now but Gold in Euros just made a record high!!
http://www.gold-eagle.com/editorials_08/willie021810.html
"Breakdown in the Gold Market" -- to herald the divergence between the paper gold contract price and the true physical gold price, leading to a potential shutdown of the totally corrupted gold exchanges, as gold bullion rapidly exits the London metals exchange amidst skyrocketing demand, and the syndicate hopes to produce gold from margin calls while clearinghouse supply lines have been interrupted, during which London has been targeted by independent auditors & inspectors, billionaire account holders, and Interpol police
http://www.marketoracle.co.uk/Article16987.html (written article)
http://www.contraryinvestorscafe.com/player/player.php?utype=PU&pid=62242&aid=368 (Contrary Investors Cafe Radio interview)
"2010: Giant Gathering Storm Clouds" -- to warn of numerous highly disruptive events, each with huge impact potential to change the global financial structure, each with more than a minimal chance, from a wide spectrum of arenas, all consistent with Global Paradigm Shift, the key being no reform or restructure or liquidation having even remotely occurred, which pressures breakdown events
http://www.financialsense.com/fsu/editorials/willie/2010/0106.html
"Fannie Debt Merger Monetization" -- to scream new unlimited funding for the grand Black Hole that is Fannie Mae, which exposes USTreasury Default risk to the USAgency Mortgage Bonds (now tied at hip), as commercial banks will dump more mortgages on Fannie to make room for fresh bank losses, the US bank leaders move headlong into vast monetization despite talk of its end, and the USGovt prepares to become the biggest rental landlord in a nation moving quickly to a communist state
http://www.gold-eagle.com/editorials_08/willie123009.html
"Zero Corner, Debt Costs & Isolation" -- to report on the isolation that China has imposed upon the USGovt, as Beijing no longer buys USTreasurys so the USGovt must resort heavily upon monetization, as the US recession is evident from reduced foreign trade surpluses with which to buy USTBonds, while the USGovt wishes to continue near 0% debt financing, but that 0% continues the powerful Dollar Carry Trade, even if the US$ rally occurred when it was less ugly than the Euro
http://news.goldseek.com/GoldenJackass/1262020953.php
"Full Circle of Govt Debt Default" -- the Dubai default triggers a continuation of the global credit crisis, with European sovereign debt downgrades likely to result in defaults, a split of the European Monetary Union soon (common euro usage), with a full circle hitting the United States via a run on the USDollar and USTreasury Default, made certain by the total lack of remedy or reform in the US alongside rampant debt monetization and a clearly insolvent US Federal Reserve
http://www.gold-eagle.com/editorials_08/willie121509.html
"Gold Desafio: Global Struggle" -- to stress the global titanic struggle for banking control, featuring the gold-dollar balance beam lies at its center, with GLD shares abused to settle gold futures contracts, and Chinese still in firm control of gold, while the Dubai debt collapse serves as another correct forecast (see August article), even as a pack of compromised clowns continue to denigrate gold
http://www.marketoracle.co.uk/Article15513.html
"Ultimate Conditions for Recovery" -- to present 4 indisputable conditions before economic recovery is possible, with emphasis that no conceivable Exit Strategy can be implemented, as the gold price jaunts toward 1000 and silver toward 18 again, as excess capacity will confound the clueless economists who ignore the lost supply production
http://www.gold-eagle.com/editorials_08/willie110609.html
"Golden Accumulation Opportunity" -- to contradict the notion of any flight to safety in the USDollar, which is a stupid proposition given the global revolt against it and utterly bankrupt insolvent fundamentals for USGovt and USEconomy, and to explain a painful paradox that the USDollar served as the global wellspring for growth and credit, and must therefore serve as the Black Hole for currency implosion, so take advantage of the discounted gold & silver prices, and load the truck
http://www.gold-eagle.com/editorials_08/willie102909.html
"End of US$ Global Reserve Currency" -- to tie together a powerful vicious cycle of both financial and commercial forces that will ensure both de-throne of US$ as global reserve currency and its steady relentless lethal decline, as the US$ must next stand on its own merit, that being of Third World
http://www.kitco.com/ind/willie/oct152009.html
"13 Reasons for Major Gold Breakout" -- to cite significant but largely overlooked factors for the gold move over $1000, which pertain to a fractured monetary system and global revolt, as only the excessive money printing is noticed by mainstream
http://www.financialsense.com/fsu/editorials/willie/2009/0910.html
"US Bank Enemies at the Gates" -- to warn of the rear flank threat, like the Persian Gulf, as USTreasury creditors globally suffer major problems of their own that could rippled to London and New York, while the slow-to-act FDIC funds are in the red, and monetization of USTBonds is hardly hidden (NB: CORRECT FORECAST)
http://www.kitco.com/ind/willie/aug272009.html
"Monetization of USTreasurys in Isolation" -- to alert about the exodus by foreigners from US$-based bonds, in particular the USCorporates and USAgency Mortgages, which are being abandoned, as monetization of the USGovt deficits is obvious
http://www.gold-eagle.com/editorials_08/willie082009.html
"Abandoned USDollar & Paradigm Shift" -- to forewarn of a new global system whereby commerce will increasingly be conducted outside the US$ for settlements, in a bottoms up approach to de-throne the global reserve currency (oh, by the way, the USDollar breakdown has BEGUN !!!)
http://www.kitco.com/ind/willie/jul232009.html
"Hitmen Contracts To Bust COMEX" -- to warn of hired parties to kill the US$-Gold corrupted COMEX link that controls the US financial structure, whose preliminary work is well underway with gold bullion removal, as the creditors have had just about enough of the despicable US-UK bank nazis.. defaults cometh!
http://www.321gold.com/editorials/willie/willie052809.html
"Loud Paradigm Shift Rumblings" -- to herald a grand global shift that will dethrone the US$, take power from corrupt US-UK bankers and put it with the Creditor group led by China, Arabs, and others, signaled by recent UAE rejections of Saudis, while the Abu Dhabi financiers court Russia for a New Alliance instead
http://www.kitco.com/ind/willie/may222009.html
"USDollar Death Dance" -- to depict the current US$ rally as final, since it is based upon liquidation, as all fundamentals are wretched, gold market is on the verge of default, debtor nations desperately attempting to fashion a new global banking system, but all parties are motivated to sever the US$ as global reserve currency
http://www.gold-eagle.com/editorials_08/willie102308.html