g-20 meeting not expected to accomplish anything
posted on
Nov 13, 2008 03:53PM
SSO on the TSX, SSRI on the NASDAQ
jim willie tells us not to expect much from the g-20 meeting:
CLASH DIRECTLY AHEAD, GOLD IMPLICATIONS
The major nations and camps are heading for a power clash of historic proportions. Certain nations have long memories for having been victimized by past imperial forces. Look for them to set a series of traps, with possible military confrontation. Analysis has begun of the extent of degradation and impotence of the US military machinery. Conflict resolution will not occur at the conference table alone. Brawls on the global landscape are assured. The G-20 Meeting will serve to be a sideshow, populated by clowns. To an absurd degree, the United States and England still maintain the grand illusion of being in control. They are not, since both are deep debtor nations and operating under failed banking systems. The major creditor nations will not permit a simple restart of Western nations, under the same rules. Big changes are coming. The gold and silver prices will soon enter a powerful stage of rising price, as in go through the roof. Defaults are likely at the COMEX, so watch the December contracts.
In the next couple months, all value will be called into question on the paper side. Alternatives to the USDollar as global reserve currency are soon to be discussed and even tested. Implications to global commerce are huge and all-encompassing. Gold and silver will emerge as the primary store of value, in undisputable manner. The new global masters, from the credit side and not from the debtor side, will not permit any confiscation of gold or silver to occur. Desperate attempts might be seen by the US/UK failed team, certain to reveal their impotence. Gold & silver will emerge from these smoldering ashes of bank ruins (seen clearly as unfolding) as survivors of stored value. The next round of economic decline will occur outside the financial sector, and serve as exclamation points for the need to find true value. VALUE IS ULTIMATELY FOUND IN GOLD & SILVER.
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