Jim Willie – The Chinese are Ready to Launch a Gold-Backed Yuan
They’re Trapped! We’re About to See T-Bond Managers RUNNING SCARED – Jim Willie
In This Special Holiday Edition, Jim Willie Joins Us For A Crucial Market Update, A Systemic Lehman Event is IN PROGRESS, the Chinese are Ready to Launch a Gold-Backed Yuan, and Warns We’re About to See A Run On Treasury Bonds…
We’re About to See the Managers of Treasury Bonds Running Scared…
From Craig Hemke, TFMetals:
I decided to change the format a bit for this show. Instead of a list of questions for The Jackass to answer, I thought it would be fun to just simply give him some general topics and then just let him ride a stream of consciousness to wherever his big brain leads him.
Those three topics could be loosely described as:
The Fed/Bonds/Derivatives/NIRP/EU Banks. This is the first 20 minutes or so.
The G20 meeting in September/The IMF SDR inclusion of the yuan in October/gold. This evolves over the next 15-20 minutes.
International rejection of US treasuries/The future of the dollar/Gold-backed bonds/Gold-backed trade notes.
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