Very “quietly” the world’s 20 largest economies will meet in Brisbane, Australia later this coming week. I use the word “quietly” because here in the U.S. almost no mention of the upcoming meeting has been made. I even searched for news on the event and almost could find none. Strange? Well yes and no, quite strange because it surely is big news especially with all that has been going on but not strange because here in the U.S. we must keep a happy face on things which very well may not be the outcome this time around. I wasn’t sure how I was going to write this piece but I guess it’s just easiest to tell you what I think the result will be and then explain why.
In my opinion, once this meeting is over next Sunday all hell could break loose financially. I say this because much has already been put into place ahead of time and it is my expectation the U.S. and her dollar will at a minimum be taken off of “the top shelf” or at least be pushed back from the front. Let me put forth some of the many available dots and see if they can’t be connected.
First, if you remember last year’s summit, President Obama was not pictured in the center as the U.S. has always been at nearly all meetings such as these traditionally. If I recall, I believe I commented that he was positioned on one of the ends and I took it as “not a very good sign” at the time. This time around, President Obama will arrive as a “neutered” force after the Democrats lost total control of Congress. This fact is not lost on the world, they now know President Obama has no collateral nor clout left and will be the lamest duck president in history. One could argue this point but he has lost Congress while having the lowest public approval rating of any U.S. president.
We also know that China has been making business deals, setting up renminbi currency hubs, and either preparing for or actually doing trade in local currencies or their own all over the world. The Chinese have been forming these deals WITHOUT the use of dollars. Russia, who for the last 5-6 months have been the focus of “Western sanctions” have also been active in doing trade deals, particularly with China. If you recall, Russia achieved their “Holy Grail” gas deal earlier this year with China worth an estimated $400 billion. Mr. Putin announced this past Friday a 2nd deal with China which will further intertwine the two nations in trade. Please also remember that Russia has recently made moves on Arctic energy reserves while U.S. “majors” such as Exxon/Mobil will not be able to participate in unless they break Mr. Obama’s sanction rules. Are the sanctions “good” for American business?
Before the upcoming G-20 summit there will also be two other meetings scheduled early this week, APEC (Asia Pacific Economic Coordination) and also a BRICS meeting. President Xi of China released a statement this past Sunday regarding the upcoming APEC meeting by saying “China wants to live in harmony with all its neighbors.” Please understand that this is not just a “flowery” comment, it is the way China thinks and does business. The world understands this and also understands how the U.S. has been doing business for years. The BRICS “pre G-20 meeting” has already announced goals including the launch of new BRICS bank, its funding and also the restructuring of IMF quotas.
I would like to speak of “the timing setup” before going any further. There will be these two pre meetings and then the G-20 meeting itself… and also another piece of breaking news which I find VERY curious! It has been announced out of London that UBS has agreed to a fine for …wait for it …wait for it…”manipulating the prices of gold and silver!!!”
First off, we have been told every single day for over 15 years that we are wacked out, tin foil hat wearing conspiracy freaks forever even uttering such nonsense, now we find out it was true…all along …and we are not so crazy after all! Secondly, other banks are reported also to follow UBS in ‘fessing up so it was a “conspiracy,” only it wasn’t “theory,” it was FACT! (I wonder what ole’ Martin Armstrong, Doug Casey and all the other apologists will have to say about this?). I plan to speak about this more, later in the week.
I’ll bet you thought I was done with “timing” since the above paragraph was so long? No, there is more. I would like to add in several other “aligned stars.” We now know that GOFO forward rates are now more backward than any time in the last 10 years, the Shanghai physical silver inventory is nearly depleted, mints all over the world have gone “back order” and last but not least, December COMEX silver is currently contracted to deliver nearly 10 ounces of silver for every registered (available for delivery) ounce they say they have! One other little tidbit will be next Monday the 17th, Hong Kong and Shanghai plan on “linking” their exchanges, curious timing?
OK, so that’s the back ground leading up to the G-20 meeting which concludes next Sunday. Just looking at the two “pre” meetings alone can give you a flavor as to what will be discussed and very possibly agreed upon. The U.S., no matter what the outcome will certainly lose clout. The possibility however does exist and the stars are currently aligned for the U.S. to be isolated, berated and punished. In my opinion, China will not allow a sledge hammer financial blow to the U.S. and will probably allow at least some “grace” in its exit from “reserve currency status.” China has spent years positioning herself. The BRICS and APEC have made deals, set up settlement infrastructure and now will begin “funding.” The U.S. on the other hand has spent the last five years adding another $8+ trillion to her balance sheet while the Federal Reserve levered itself up to nearly 80 to 1 while quadrupling its balance sheet. We fiddled while China methodically positioned herself and the world to move away from the dollar.
Could this be it? Could it really be “over” for the American fiat experiment? Will the world tell a politically neutered president of the biggest bankrupt nation in history what the rules are rather than being dictated to as has always been the case in our lifetimes? Will China quietly assume the role of “fair arbiter” of international disputes? Will China assume the role as the center of the financial world? Will China assume the role as the chief financier of trade? Will power really shift from New York/London to Shanghai/Beijing? I think at this point it is a given, the only question is “how, how fast, and when?” The conditions now exist for the answer to be “overnight and after next weekend”. Our (western) world is about to change, maybe even violently in overnight fashion, do not be taken by surprise because by now it should not be!
Now that what we have been preparing for is actually upon us, it’s unfortunate that the outcome will be exactly what Mr. Obama told us he had set to accomplish all along. He wins! Oh- and the Republicans are in line to either “fix it”, or take the blame.
I tend to disagree, I believe he will take a good part of the blame on this.
Obama will do the damage whilst the next incumbent gets slaughtered. That was always the plan.
it’s what makes horse races.
I think you’re right about the the possible outcomes of the G-20 meeting. But I have to assume that the US government will not quietly step aside and let this happen. Obama and his crew are probably cooking up plans for a major military conflict right now.
I sadly agree James.
Goldbug, that sounds pretty unlikely to me. Obama has no stomick for war, and does not feel the USA deserves to be a world leader, it has done so many bad things to his race you see.
do you really believe Obama is calling the military shots?
I think it is obvious he is, as he has overriden almost every single recommendation from the military since his presidency began. How could you not believe this?
how could you not believe someone is pulling HIS strings?
Because he is an ultra liberal idealog, who has not been letting anyone derail his personal agenda that I can see. Guess I am not aware of anything to the contrary unless you could help me understand what I am missing. Any help would be appreciated.
Do you really believe U.S. presidents run the show and policy? I personally do not.
Here is some proof: https://www.youtube.com/watch?v=fpyw_i5r6jE
I had not seen this Kris, thanks …right out of her mouth!
Presidents are puppets, this government can’t even print their own freaking money. They are owned by the bankers/evil people that call the shots. Sorry but that’s the sick world we all live in. And with an entire generation of people brainwashed from TV all their lives they don’t know truth from fiction.
fiction has become truth.
Bill, you have absolutely NAILED it. The only thing I believe that differs from all you say is that I believe that nothing will change this month. I believe all the agreements and plans for the first GlobalCurrencReset will be set forth but that the actual implementation of all these plans and agreements will happen in December or January. Remember that TPTB must keep the Masses under Control. Therefore, I believe They will wait until the temperature is frigid and Their Ebola card is in full play. We shall soon see. God bless
What do you mean by “their Ebola card?” Please don’t tell me about some nutcase conspiracy theory.
who has the “patent” on ebola James?
The CDC has a patent on a strain of Ebola, which happens not to be the strain now prevalent in West Africa. I guess that got the tin foil all tingly, eh?
why would we have or even need a patent of ANY strain?
Bill Holter says:
November 13, 2014 at 8:02 am
why would we have or even need a patent of ANY strain?
If you had read the link it would have explained that. Here’s another from Snopes.
What’s more, the government holds patents on many microbes discovered in its labs and there is “nothing nefarious” about it,” says Sanders, who has done research into how to prevent Ebola from being used as a biological weapon.
Websites including The Common Sense Show, Natural News, and White Out Press have spread the word about the U.S. patent on Ebola, along with headlines hypothesizing that government’s intention is to “raise billions from a pandemic.” “
Sanders said that the government patents viruses and other disease-causing microbes to make sure the pathogens remain available for research purposes in the public domain. If a private company held the patents, it could potentially hold onto pathogens or charge licensing fees that would stifle research to find treatments.
“The CDC does hold some patents on life forms, but it generally does this for the common good, so a commercial company can’t come along and patent it,” Sanders told Newsmax Health.
“The CDC lets researchers work with the strain without fees,” he said.
What is it with gold bugs that so many embrace whacked-out conspiracy theories? Read up on Occam’s Razor. The thing is, it detracts from your credibility when discussing the very real fact of gold and silver price suppression and widespread government corruption and manipulation in the financial markets.
One last thing: noting that ISIS, those medieval, scum sucking, murderous fanatic goat f*ckers are supporting a gold and silver backed currency is not a good thing to tout if you’re a supporter of hard money. The company you keep, eh? You might as well tout that Hitler, Stalin, Pol Pot, and Satan himself support hard money currency.
yes Jim, you must be correct …anyone wanting to weaponize ebola will respect a patent? The patent is so no one can “charge fees” for researching the particular strain? I don’t buy it. …”I’m from the government and here to help you”!
Bill, something happened in China that may indicate how badly the US will fare this week. USA today reported on 10 Nov. that Obama was chewing gum at the APEC summit and refused to ride in the Chinese provided limo for Heads of State. The Chinese are big on ceremony and polite behavior. Obama’s actions were viewed as great disrespect and Chinese University professors commented on blog sites about his actions, openly calling Obama ‘an idler’ and a ‘rapper’. Both are derogatory terms for street bums. And these comments from a tightly controlled State media and Internet. They will treat him (USA) badly for this insult.
they are already punishing him by placing far from center and in between two women for the APEC photo.
This new article by Nouriel Roubini, “China Rising”, is very interesting.
This quote brings to my mind the role of silver in the turn to solar power to lessen air pollution from coal.
“Chinese government officials have begun to tout green energy as part of their economic strategy. While the environmental results of China’s green-energy policy remain to be seen, Chinese investment in renewable energy is simply a fact, and one that investors should consider.
Recent studies show global investment in renewable energy production nearing a quarter of a trillion dollars annually. China seems poised to remain a world leader in that space—driven by political necessity, perhaps, more than deep environmental conviction.”
there will be huge demand out of China for silver uses.
Bill, My pray and hope is “That MAN” will not be able to create any more destruction and chaos in the next two years. From the looks of him he must be in a trance.
it will be more difficult in the future as people are finally waking up.
ISIS wants a gold and silver back dinar. I read that the US is planning on revaluing the Dinar and it may be backed by gold and silver. I suppose all these headlines are coming out meaning a reset is close.
Bill I believe your information is correct, just a matter of time. This weekend is a big one. Also the weekend of the 22-23. One day we may wake up and the reset has taken place and those without PM will be sorry!
Thanks Mr. Bill!
I agree Marco, it will happen while we are sleeping.
Hey Bill what are the odds of this article today by market watch?
A new stock exchange in Iraq gone online today when it is a holiday and right before the G20. I believe the dinar will be revalued as the info I got to be going along with this news.
plus ISIS going to gold and silver dinars.
Is this quote correct ?
December COMEX silver is currently contracted to deliver nearly 10 ounces of silver for every registered (available for delivery) ounce they say they have!
I don’t follow the CRIMEX closely. I would have thought the number was higher than 10 X.
yes it is correct but ONLY for the December contract.
We are on the eve or the cusp of world changing events.
This week a number of things will likely be brought forward that will cause the other 98% to begin taking notice.
Yes, expect the powers to be to still try and downplay these events but the events are now IN PLAY.
I am still extremely fearful that arrogance will cause a grave error in judgement.
History is full of mistakes that were made due to arrogance.
Frankly, the industrial military complex scares the hell out of me.
Remember, one should never poke a stick at a snake without expecting a response from the snake.
Lets hope that the world is now prepared to act sensibly and that we are finally ready to begin the process of healing our financial sicknesses.
It is not time to district us away from that sickness it is time to begin the healing.
If there is a God let him be with us.
is there any info that the US gov`t &/or the fed are buying gold to cover their asses—could they be doing some of the buying of late?
Anyone know anything about the dinar RV that is supposed to happen?
Is it a scam?
don’t know about a paper dinar revaluation but ISIS will begin gold and silver dinars soon.
I have one major issue with an overnight sensational de-throning of the King Dollar.
It has to do with the FACT that International Trade is still at 50% settled in USD. Euro settlement accounts for approx. 33% and China RMB accounts for a miniscule 1.6% of global trade settlement.
China’s agenda is a 3 stage master plan:
First – create settlement platforms for international trade(offshore hubs).
Second – Get Asia to utilise/accept the RMB.
Third – Get the Globe to accept it as a reserve.
Whilst we do see evidence of the first stage being achieved with lightning alacrity we will temper our eagerness and enthusiasm with the understanding of due process.
Normalisation of the RMB will be achieved through convertibility, increased use and finally international reserve currency being installed.
China has a long way to go to get to its desired goal of 20-30% of global settlement.
Understanding that the process has commenced does bring about anticipation. It also highlights the eventual demise of the USD and with it, the fabrication that has been built upon it.
G-20 does not bode well for the USA I will agree on that.
China is showing its prowess but with dignity. The world is watching….and the US citizens could care less.
please see the picture n today’s question and answer section.
Great one Bill.
I have commented before that I think China will not pull the plug just yet because technologically and militarily, we are “still” a super power. I asserted that China will likely allow us to slowly decline until we are like a Greece to them all while they advance. Your article makes me think though, and I immediately come up with 2 possibilities that might make the ace in the pocket (the threat of nuclear force) no longer a threat so China can act sooner and take over the world reserve currency status.
1) You stated the neutered status of Obama. From what I have witnessed the last 7 years since he started campaigning and bacame President, is he does not take criticism (even constructive critisism) well and needs to be that “rock star” or ” messiah” and pandered too. he is like a sensitive first grader or 13 year old girl when it comes to people not “liking” him. Narcisistic people like that are so self absorbed that they cannot and will not do what is best for anyone but themselves. So, in this G20, I can imagine, back room deals might occur where he is offered what he desires the most… a legacy and continued pandering. Considering how much he hates the constitution, I could see him selling out fully for self preservation. The result of these meetings would be China being able to pull the plug sooner than later knowing that he would not act. In a way this is good because I don’t sleep well knowing that Obama is in charge of our nukes.
2) The 2nd thing that I think could happen is the very fact that this is a G20 meeting. If all countries or at least many are so sick of it that they stand together in stating the US and FED is so irresponsible in the way we do business and as the world reserve currency, I think the neutered president would not even use the Super power card knowing he has so little support. I think about Germany and France with some of the ways they have been treated… sabotaging naval deals between Russia and Fance and spying on Germany’s leader and not giving back their gold. These things are resent history and either of those countries will likely not stand with us as they did when Ronald Reagan was president.
So, my thought is that Obama would basically allow China to act now rather than later. Once again being the non-leader he is. Plus this is his plan, he hates our history, our founding principals, and our constitution. It is sad that the sheeple elected him not once but twice. I do not think the Republicans (and I still am registered as one…. kinda) would have done much better with that war monger McCain, but I do believe he has some core beliefs in our founding principals at least and respect him as a POW. I actually like Romney at least to the point where I wanted to see him have a shot at it. Yet I REALLY supported Ron Paul.
Anyway, we are WAY weaker than when Obama was elected to a 2nd term and 6 years of decline has taken its toll. Perhaps it is good that Obama is not respected in the world for I do not think he speaks for most of us.
So, if China feels like they can make the leader of this super power yeild via world support and/or buying out our self absorbed president…. then they will make a faster move to change our world reserve currency status. They will only do this if they know we will not be the spoiled child with nukes who are getting their credit card cut up. Perhaps that is why this meeting is a very big deal.
I guess if either of these are right, at least we won’t have a nuclear war. Yet, I value my freedom more than my life. But I value childrens lives even more so.
And so it is interesting though, that Obama is nuetered but does still have that nuclear ace card. Yet I think the man has no idea how to play tough and be respected by anyone except the ignorant MTV voters and his MSM PR baby-sitters.
yes Rich, “a spoiled child with nukes”.
Another excellent article. Thank you.
As to Mr. O showing up at the G20 neutered, in my opinion he has never had any balls any way!
agree but it is how the world sees him after the election.
You were correct about the G20:
Russell Napier Declares November 16, 2014 The Day Money Dies
‘The G20 announcement in Brisbane on November 16th will formalize a “bail in” for large-scale depositors raising the spectre that their deposits are, as many were in 1932, worth less than banknotes. It will be very clear that the value of bank deposits can fall in nominal terms.’
it does make sense Mark, we will see as next week unfolds.
Zero Cred shows its acumen yet again.
I will eat an Ebola sandwich if what you described happens at the next G20 meeting.
I suppose the world is not already moving in this direction?
Where’s that massacre, Bill?
Yet another fantastical conspiratorial prediction bites the dust.
Time to grow up and stop giving legitimacy to used car salesman like the crew at Miles Franklin. I can’t believe Bryan Kemila sent me here. Is anyone real?