courtesy hat trick letter..
INTRODUCTORY MACRO UPDATE
◄ See the new Hat Trick Letter Special Report entitled "New I.M.F. Role as Global Bank Proxy" for this month. A surprising insult jab came from the World Bank, whose position can be seen as an early defection against USDollar. Goldman Sachs prep school graduate and current World Bank President Robert Zoellick came out with a shocking comment last month that the USDollar's primary role standing is not a certainty, and should not be taken for granted, as he warned of upheaval to alter influence. End of USDollar supremacy comes, confirmed openly by the HSBC currency chief. The G-20 Meeting finished, accomplished nothing on the global economic front, having endorsed continuous stimulus. The approved ongoing life support is tacit statement of a broken system under constant intensive care.
President Obama made an absurd comment about broad reform to rescue the global economy from the brink, when no bank or monetary reforms have been instituted. The formal G20 communique stated, "We will avoid any premature withdrawal of the stimulus." So the Zero Interest Rate Policy will continue worldwide. The new Intl Monetary Fund role is emerging as a pseudo central bank, with a $750 billion war chest. The IMF is given a new mandate. It will clearly manage the global currency basket, and guide transactions using it. It will dispense funds from formal aid initiatives. In time it will issue a greater volume of bonds in basket terms. Its first mandate is rumored to be a 30% to 50% USDollar devaluation.
◄ See the second new Hat Trick Letter Special Report entitled "Open Evidence of USGovt Gold Suppression" for this month. The US Federal Reserve has disclosed to the Gold Anti-Trust Action Committee that it has Gold Swap arrangements with foreign banks that it does not want the public to know about. A released CIA document confirms the gold suppression strategy. A motivation is established to control the gold price in order to protect the USDollar from a mountainous flow of monetary expansion. The bankers openly discussed in the 1970 decade the limited gold reserves, and heightened risks to the US financial structure. Deals were cut for central banks to limit purchases & sales except to each other. Exchanges are told between then USFed Chairman Arthur Burns and caretaker President Ford. Burns explained the risk to hold the system together after Nixon broke the gold standard. A frenzy followed, as inadequate gold backing for banks was the issue. A monetary system was created that gave the United States the sole privilege to print money. It was a prescription for global financial dominance and control, carefully crafted.
Gold versus central banks is the revealed warfare. An astute analyst explains the next USFed strategy, surely impossible to implement. An excellent strategic summary is provided by Jim Rickards, a financial analyst at Omnis in Virginia. The USFed wishes to pre-empt and interrupt the USDollar collapse, as they devalue it by 50% in a managed decline, while maintaining a stable gold price. Rickards believes that if gold reaches $1500 to $2000, the USFed will be compelled to hike rates by 50 to 75 basis points immediately in currency defensive measures. The move of the Intl Monetary Fund into the forefront prepares and exposes the USDollar to a powerful decline, which the bankers will attempt to manage.
