Posted at 12:59 PM (CST) by & filed under Jim's Mailbox.

Dear Wolfgang,

The people who plan this are anything, but dopes. They are the smartest sociopaths on the planet and above the elites.

Jim

Jim/Bill,

I find this a very moving article.

Many eye opening facts that should shake you to the core.

“If you recall, Article I, Section 8, of the U.S. Constitution empowers Congress – not the Federal Reserve – to coin money and regulate its value.

What’s more, Article I, Section 10, specifies that money be coined of gold and silver and cannot be bills of credit – such as paper legal tender notes.”

“As far as we can tell, paper dollars are illegal money on two counts. First, they’re issued by the Federal Reserve. Second, they’re bills of credit with no ties to gold or silver.

What gives? Isn’t the U.S. Constitution supposed to be the supreme law of the land?”

“Several years ago JP Morgan Chase stopped accepting cash as payment for credit cards and mortgages. Now Visa is dangling carrots in front of merchants with hungry stomachs. Visa will upgrade a merchant’s payment system and in return the merchant will no longer accept cash payments from customers.

Aren’t these actions by JP Morgan Chase and the merchants that take up Visa on their offer also illegal? The last we checked, cash, as in paper dollars, say: This note is legal tender for all debts, public and private.”

“Anyone with half their wits about them knows the U.S. Constitution has been reduced to a mere artifact of history.

Does this bother you?”

CIGA Wolfgang Rech

Congress’ Radical Plan To End Illegal Money
July 21, 2017

One of the many downfalls of being the United States Secretary of the Treasury is the requirement to place one’s autograph on the face of the Federal Reserve’s legal tender notes. There, on public display, is an overt record of a critical defect. A signature endorsement of a Federal Reserve note by the Treasury Secretary represents their personal ratification of unconstitutional money.

If you recall, Article I, Section 8, of the U.S. Constitution empowers Congress – not the Federal Reserve – to coin money and regulate its value. What’s more, Article I, Section 10, specifies that money be coined of gold and silver and cannot be bills of credit – such as paper legal tender notes.

As far as we can tell, paper dollars are illegal money on two counts. First, they’re issued by the Federal Reserve. Second, they’re bills of credit with no ties to gold or silver.

More…

Posted at 12:54 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

More filth from the Swamp. Will the public ever know it? Worse, do they care?

Debbie Wasserman Schultz Now ‘Negotiating’ with Authorities Trying to Access Her Seized Computer
July 21, 2017

We have told you a few times on this site about the data breach involving Democrats in Congress and a Pakistani-born IT aide named Imran Awan.

You can read more about it here and here.

Basically, it looks like the Democrats messed up pretty royally and let this IT aide get away with a lot of sensitive information.

To make matters worse, Rep. Debbie Wasserman Schultz (remember her) is stonewalling the investigation.

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Jim Sinclair’s Commentary

President Trumps new man mouthpiece.

Anthony Scaramucci J.D.

Mr. Anthony Scaramucci, J.D., serves as the Founder, President, and Co-Managing Partner at SkyBridge Capital II, LLC. Mr. Scaramucci founded the firm in 2005. Prior to that, he worked at Lehman Brothers as a Managing Director in its investment management division. Mr. Scaramucci had co-founded Oscar Capital Management. Previously, he was a Vice President in private wealth management at The Goldman Sachs Group. Mr. Scaramucci was an Investment Professional at Fidelity Investments. He is a Non-Executive Director of Advisory Board of ZAN Partners Limited. Mr. Scaramucci serves as the Vice Chair of the Kennedy Center Corporate Fund Board. He is a Board Member of Warrior Gateway, The Brain Tumor Foundation, and Business Executives for National Security. Mr. Scaramucci sits on the Board of Advisors of the School of Arts and Sciences at Tufts University. He is a Trustee of the United States Olympic & Paralympic Foundation. In 2011, Mr. Scaramucci received the Ernst & Young Entrepreneur of The Year New York Award in the financial services category. He is the host of “Wall Street Week”. Mr. Scaramucci is the author of “The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won’t Tell You” and “Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul”. He is a regular contributor to Fox Business Network and Fox News Channel. Mr. Scaramucci earned a J.D. from Harvard Law School in 1989 and a B.A. in Economics from Tufts University in 1986.

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Jim Sinclair’s Commentary

I must offer a correction. The TRUTH is much worse than even D.K. knows.

Fund Manager Warns, “The Truth Is Worse Than Any of Us Can Possibly Know”
July 20, 2017

As long as the mainstream media isn’t reporting the truth, the “truth” can’t be that bad, can it?

The truth is worse than any of us can possibly know…

From PM Fund Manager Dave Kranzler:

The biggest problem facing Illinois is the public pension fund problem. I don’t care what the “official” number is for the degree to which it is underfunded. I can guarantee that even without marking-to-real-market the illiquid investments like private equity funds, derivatives, commercial real estate trusts and other assets that do not have truly visible markets, collectively the public pension system in Illinois is at least 60-70% underfunded. Then apply a realistic assumed actuarial rate of return on assets, which would be lower than the current assumption (likely 7.5% ad infinitum) and the underfunding goes to 80%. The problem is unsolvable without a complete and drastic restructuring.

I was in a Lyft ride today and the driver happened to be from the northwest suburban area of Chicago. There’s a lot bad things happening in that State that are not reported in the mainstream media. All road public road work has been halted except toll roads. The gun violence has worked its way from the South Side up through downtown into the Gold Coast neighborhood and is winding its way north.

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Bill Holter’s Commentary

As the saying goes…”what’s in your wallet”?

Coinbase To Suspend All Accounts On August 1st As “Civil War” Hard Fork Hammers Bitcoin… Massive Fraud Now The Norm At Coinbase
July 19, 2017

(Natural News) There is no longer any question about it: Coinbase is a massive fraud and appears to be engaged in widespread criminal conspiracy. Coinbase is the most popular online wallet for Bitcoin, and I have previously reported on how Coinbase has seized Bitcoins from users in Wyoming and Hawaii, preventing them from accessing their coins even if they move their residency to a different state.

Coinbase is currently taking WEEKS to respond to urgent queries, I’m being told, and they provide no working mechanism whatsoever for users in Wyoming or Hawaii to change their state of residency. When those users attempt to login to upload new IDs or change their address, they are given “Unable to create account” errors which state that “Coinbase has indefinitely suspended its business…” in their old state. In effect, Coinbase has stolen all the Bitcoins from users in those states and may have already absconded with those Bitcoins.

Coinbase declares it will suspend / seize all accounts on August 1st

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Posted at 11:05 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Our dear friend Mr. Williams once again states with us.
– GDP Benchmark Revisions Should Weaken Headline Activity in 2014 and 2015
– Outlook for Second-Quarter GDP Continues to Darken
– Despite a Statistically-Insignificant Monthly Rebound in June Housing Starts, Activity Plunged at an Increasingly-Rapid Pace of Quarterly Downturn
– Building Permits and Housing Starts Both Showed Deepening Quarterly Losses: Permits Fell by 2.8% (-2.8%) in First Quarter, by 13.0% (-13.0%) in Second Quarter; Starts Fell by 3.3% (-3.3%) in First Quarter, by 21.9% (-21.9%) in Second Quarter
– Downtrending Activity Remained Shy of Recovering Pre-Recession Peaks by 46.5% (-46.5%) for Housing Starts and by 44.6% (-44.6%) for Building Permits

“No. 900: June Housing Starts, Preview of GDP Benchmarking ”

http://www.shadowstats.com

Jim Sinclair’s Commentary

Not a shortage of cash. Just another computer glitch?

Customers Shut Out Of Accounts For Hours During Bank Of America System Outage

July 19, 2017

Bank of America customers were shut out from their accounts for several hours Wednesday in a system outage.

Coral Springs resident Eric Sleeper said he got what looked like a phishing email from the bank Wednesday and immediately started calling customer service to see if something was wrong. A message on his online account said it could not pull up his information.

When he called his local branch, a manager said that local managers were all calling each other trying to figure out what caused what appeared to be a national outage and why they were unable to provide certain services.

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Posted at 11:04 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

So, I give you…the Bernanke!

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No offence.

Cheers.

Dismal Dave.

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Our friend CIGA Norbert dug up this little gem. Another application for silver, how long before increasing demand overwhelms supply?

Bill

New Nano Light Detector Could Change Solar Panels Forever
July 16, 2017

In today’s increasingly powerful electronics, tiny materials are a must as manufacturers seek to increase performance without adding bulk. Smaller is also better for optoelectronic devices—like camera sensors or solar cells—which collect light and convert it to electrical energy.

This image shows the different layers of the nanoscale photodetector, including germanium (red) in between layers of gold or aluminum (yellow) and aluminum oxide (purple). The bottom layer is a silver substrate. (Credit: U. Buffalo)

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More excellent points from our friend Robert.

Bill

Jim/Bill,

“In the second quarter, Chinese entities accounted for half of the commercial real estate purchases in Manhattan.”

The real question is when they stop buying, how far will prices drop? The same question can be asked of residential real estate where dubious assets serve as a basis for borrowing at Chinese banks coupled with mortgages at local banks. The ripple effect is bound to be widespread. A classic Chinese street game is to cause the sale of an item to show it’s bench value while then selling many other similar items using the first one as a benchmark, and letting everyone else take the hit who jumped in, when it collapses. Pigeons are many I am told for this game.

Even Deutsche may have issues as it is likely the share ownership in the bank is likely 100% debt financed while HNA is a borrower. When they hit water who do they sell the shares to, or are they already pledged, and if so to who ? Seems like a easy way to transfer a sizable block to a Chinese bank or the state itself. And that too raises other issues. Certainly explains why the ECB is looking into the ownership.

Cheers

Robert

Bank of America Pulls Ripcord on Chinese Conglomerate HNA
July 20, 2017

Are the Conglomerates the Black Swan in China?

Bank of America suddenly pulled back from doing business with HNA Group, a privately held Chinese conglomerate that has been on the forefront of highly leveraged, opaque Chinese conglomerates out on a mind-boggling debt-funded acquisition binge around the world.

“We simply don’t know what we don’t know, and are not prepared to take the risk,” Bank of America president for Asia Pacific, Matthew Koder, wrote in an internal email, dated June 28 that was leaked to The New York Times. “Given the importance of maintaining rigorous client selection standards, we have decided not to be involved with transactions with the HNA Group at this point in time.”

So Bank of America is getting scared and won’t do business with HNA. It’s walking away from a lucrative customer that has been generating piles of fees and interest income for the banks. The Times:

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Posted at 11:50 AM (CST) by & filed under Jim's Mailbox.

Bill Holter’s Commentary

From our friend Robert.

China Is Training Africa’s Next Generation Of Transport And Aviation Experts
July 18, 2017

China is moving beyond building Africa’s roads, railways and ports to investing in the continent’s transportation and aviation industries as a whole.

Plans to build five transportation focused universities and a China-Africa aviation school on the continent are going ahead, according to the dean of Chang’an University in Xi’an, China, speaking at a conference in South Africa last week. Starting this year, 500 aviation personnel from Africa will start training in China each year, Chinese officials said earlier this year.

Education and the transfer of technological know-how are increasingly part of China’s soft power efforts in Africa. There are more than 20 Chinese-run agricultural training centers and over 40 Chinese language schools, Confucius centers, across the continent. China’s minister of foreign affairs Wang Yi said last week his government would offer 10,000 scholarships to African officials to study in China over the next decade. China is already the top destination for African students from English-speaking countries, ahead of the United Kingdom and the United States.

More…

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Dear Wolfgang,

Gold is the most superior of assets. Gold will in time assert itself without the need to make any comparisons to anything. Relax.

Jim

Jim/Bill,

A little “Bit” of this and a little “Bit” of that.

Somehow, I received this on my work email.

I am not into Bitcoins, yet I still got this.

The fact that I somehow received this aside, it appears from reading the message (if true) that there may be trouble ahead.

Clouds (pun intended) on the horizon!

It’s difficult enough following the relationship of gold to the US Dollar.

Now one has to evaluate user activated hard forks and its use to change and increase the blockchain!

Getting too old for this.

CIGA Wolfgang Rech

Dear Coinbase Customer,

The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.

The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.

To ensure the safety of customers’ funds, we will temporarily suspend bitcoin deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork.

• If you currently have bitcoin in your Coinbase account, and do not wish to have access to UAHF coins or have immediate access to your bitcoin, you are not required to take any action.

• If you wish to have access to UAHF coins or you wish to have immediate access to your bitcoin, you should send your bitcoin from Coinbase to your external address by July 31.

For more information on how to send bitcoin from your Coinbase account, please refer to this article: https://support.coinbase.com/customer/portal/articles/971437.

Thank you,

Coinbase Team

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Jim/Bill,

“Holy Cell/Sell Batman”.

Holy-Cow-Batman-Mobile-Media-Revenue-to-Approach-380-Billion-by-2018

This ought to go over well. May trigger something bigger than a drop in Apple. After all, markets are all tied together.

Like Dominos.

But wait…….2018 is still OK!

CIGA Wolfgang Rech

JPM Slashes iPhone Sales Forecasts: Expects Only 2MM Units Sold In September Vs 9MM Previously
July 19, 2017

With the launch of the iPhone 8 just around the corner, sellside analysts are scrambling to revise their forecasts and position themselves “correctly” ahead of what will be the most anticipated new event in recent Apple history. In that context, JPM’s Rod Hall today updated his projections of how he envisions the upcoming launch will look, stating that he now expects a slower OLED production start, and adding that JPM is reducing its iPhone Pro volume expectation “to reflect data points we have been picking up since late May related to a slower production start for the flagship OLED phone.” In doing so JPM has slashed its September iPhone sales forecast from 9 million to just 2 million, and its Q4 sales forecast from 49.5 million to 42.2 million.

Specifically, Hall writes that “various data points post our initial March 26 “Super-cycle Me” report support a slower start to production of the OLED iPhone. In our original model we had forecast 9m units sold in September, and we now reduce that number to ~2m units. We increase our FY18 unit forecasts by about the same amount to reflect time-shifted demand.”

Some other forecast revisions from JPM:

New iPhone shipments estimate: Our total iPhone shipments estimate for FQ4 is now 42.2m, reduced from our prior 49.5m forecast. Our FY18 iPhone shipments estimate is now 270.2m, up from our previous estimate of 262.9m.

Assuming higher iPhone ASP: We are increasing our ASP assumption for the iPhone Pro by $100 to $1,100 as we believe production costs are slightly higher than we had originally anticipated. We also believe that the higher ASP is a critical demand control variable for a new tier of iPhone.

New iPhone ASP estimate: We reduce our blended iPhone ASP estimate for FQ4 to $629 from $681 due to a lower mix of iPhone Pros. Our FY18 iPhone ASP estimate increases to $759 from $717 consistent with our ASP and mix changes.

More…

Posted at 11:48 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

The question this chart invites is not the level of the dollar today, but what on Earth – outside of blatant manipulation – had it at the insane level of 103 recently?

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Bill Holter’s Commentary

This is not really pertinent news but I think we might be in a heap of trouble. My Dad used to tell me all sorts of crazy stuff would happen “when pigs fly”!

15 Pounds Of Frozen Italian Sausage Crashes On Florida Family’s Roof
July 17, 2017

DEERFIELD BEACH, Fla. – A South Florida family is perplexed after recently waking up to a loud thud, only to find that the mysterious sound was several packages of frozen Italian sausage.

“It was like thunder, and it awakened me out of a sleep,” Travis Adair said.

More Strange Florida Headlines

Florida man sits on gun, shoots self in penis, police say

Florida man removes iguana from toilet

Monkey business: Florida man says primates swarming his property

Florida man leads deputies on chase through cow pastures, deputies say

Florida man who drove dead body to lawyer’s office won’t be charged

Adair said he and his family were awakened Saturday morning by a loud thud on the roof of their Deerfield Beach home.

“We got up, found two packages of sausage on our side yard, and then we were like, ‘OK, well, we got to go on the roof and check and see if we find more of this stuff,'” Austin Adair said.

More…

Bill Holter’s Commentary

And you thought we were nuts at the beginning of year when we forecast “2017, the year of the TRUTH BOMB”? This is an awful lot of ugly truth and one helluva truth bomb! Can you imagine what will happen to “confidence” when this finally goes mainstream? Truth can be hidden …for a while. The problem is it cannot be buried forever … What a horrible travesty!

Pope Francis announced that over 2,000 pedophile priests will NOT face criminal prosecution and be absolved by the Vatican.

https://mainerepublicemailalert.com/2017/05/16/pope-francis-absolves-2000-pedophile-priests-no-arrests-necessary/

Australian police charge Vatican Pope Francis’ chief financial adviser Cardinal Pell over child sex abuse

http://www.trtworld.com/asia/australian-police-charge-vatican-cardinal-pell-over-child-sex-abuse-389411

Vatican Police Raid Drug-Infused Gay Orgy at Home of Cardinal’s Aide July 2017

http://www.breitbart.com/national-security/2017/07/06/vatican-police-raid-drug-infused-gay-orgy-at-home-of-cardinals-aide/

GEORGE SOROS FUNDS CATHOLIC LEFT

http://www.catholicleague.org/george-soros-funds-catholic-left/

George Soros and Pope Francis Conspire to Push U.S. to Accept Global Government

https://www.linkedin.com/pulse/george-soros-pope-francis-conspire-push-us-accept-global-jim-kouri

Soros collusion with current Leftist Pope using Pope’s US visit to influence 2016 elections

http://www.catholicnewsagency.com/news/soros-money-tried-to-exploit-popes-us-visit-to-influence-2016-elections-15985/

House To Consider ‘Security’ Spending Bill Before Recess
July 18, 2017

The House is expected to consider a huge spending bill next week mostly for agencies protecting national security before it leaves for its month-long August recess.

The legislation will only provide funding for defense, the Energy Department, legislative branch operations and the Department of Veterans Affairs.

“It is vital that we demonstrate our commitment to America’s men and women in uniform and uphold our Constitutional duty to provide for the common defense. Therefore, this appropriations package will focus on meeting our nation’s security needs,” read an announcement from House Majority Leader Kevin McCarthy’s (R-Calif.) office on Tuesday.

The announcement comes after GOP leaders had begun talking to their members about doing an omnibus spending bill that would cover the entire federal government for the next fiscal year.

More…

Jim Sinclair’s Commentary

What do you launch on obstructionists?

Dems launch ‘no confidence’ resolution against Trump
July 19, 2017

A group of liberal House Democrats stepped up criticism of President Trump on Wednesday, introducing a “no confidence” resolution that officially questions Trump’s fitness to serve as commander in chief.

It logs a laundry list of controversies swirling around the president — including his campaign’s many contacts with Russian officials, his refusal to release his taxes, his verbal attacks on women and the press, and his firing of FBI Director James Comey.

Sponsored by Rep. Steve Cohen (D-Tenn.), the resolution has been endorsed by 23 more Democrats, including Reps. John Lewis (Ga.), a civil rights icon; John Yarmuth (Ky.), ranking member of the Budget Committee; David Cicilline (R.I.), who leads the Democrats’ policy and communications arm; and Judy Chu (Calif.), who heads the Congressional Asian Pacific American Caucus.

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Bill Holter’s Commentary

Sometimes “smart people” are really dumb. This defies logic even a pet goldfish can analyze! Maybe it’s the legalized reefer, who knows?

Why Universal Basic Income Is Gaining Support, Critics
July 15, 2017

The idea of a universal basic income — monthly cash payments from the government to every individual, working or not, with no strings attached — is gaining traction, thanks in part to endorsements from Silicon Valley celebs.

Some see it as a way to compensate for the traditional jobs with benefits that will be wiped out by robotics, artificial intelligence, self-driving vehicles, globalization and the gig economy. Others see it as a way to reduce income inequality or to create a more efficient, less stigmatizing safety net than our current mishmash of welfare benefits.

“I think ultimately we will have to have some kind of universal basic income, I don’t think we are going to have a choice,” Tesla CEO Elon Musk said at the World Government Summit in Dubai in February.

More…

Posted at 10:10 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

When your choice is either not showing up or lying under oath, this makes sense. I mentioned about a month ago her new favorite number is “5”, which went over many heads. “5” as in taking the 5th!

Spyin’ Lyin’ Susan Rice Backs Out Of Congressional Testimony, Second Last Minute Cancellation In A Week
July 17, 2017

Former National Security Advisor Susan Rice has abruptly canceled a Tuesday appearance in front of the House Intelligence Committee to discuss allegations that she requested the ‘unmasking‘ of various members of the Trump campaign on behalf of the Obama administration.

Rice’s cancellation comes on the heels of another nix’d testimony from Glenn Simpson – the former Wall St. Journal reporter who co-founded opposition research firm Fusion GPS – which was responsible for an embarrassingly amateur and largely debunked 35-page Trump-Russia ‘dossier’ used as evidence to request a FOIA surveillance warrant on a Trump associate.

Simpson’s Wednesday cancellation in front of the Senate Intel Committee appearance followed revelations that two Fusion GPS associates were intimately involved in a June 2016 sit-down between Donald Trump Jr., a Russian lawyer, and 6 other people – a meeting which has the appearance of a political ‘setup’ meant to ensnare the Trump team.

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Judicial Watch Sues for Voter Registration Data Under National Voter Registration Act
July 18, 2017

Defendant Montgomery County, Maryland Has More Registered Voters Than Voting Age Citizens

(Washington, DC) – Judicial Watch filed a lawsuit today in order to gain access under federal law to voter registration lists in Montgomery County, Maryland. The suit was filed against Montgomery County and the Maryland State Boards of Elections under the National Voter Registration Act of 1993 (NVRA). The lawsuit was filed in the U.S. District Court for the District of Maryland, Baltimore Division (Judicial Watch vs. Linda H. Lamone, et a.l (No. 1:17-cv-02006)).

In an April 11, 2017, notice letter sent to Maryland election officials, Judicial Watch explained that there were more registered voters in Montgomery County than there were citizens over the age of 18. The letter threatened a lawsuit if the problems with Montgomery County’s voter rolls were not fixed. The letter also requested access to Montgomery County voter registration lists in order to evaluate the efficacy of any “programs and activities conducted for the purpose of ensuring the accuracy and currency of Maryland’s official eligible voter lists during the past 2 years.” On July 7, Maryland denied Judicial Watch access to the voter registration list because Maryland laws supposedly restricts the release of voter registration information only to Maryland registered voters.

But Section 8(i) of the NVRA provides that “[e]ach State shall maintain for at least 2 years and shall make available for public inspection and, where available, photocopying at a reasonable cost, all records concerning the implementation of programs and activities conducted for the purpose of ensuring the accuracy and currency of official lists of eligible voter.”

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Posted at 12:08 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Statistician, Jim Willie, has a nice article out.

Debt, masquerading as an asset!

“Numerous countries have a core foundation to their national banking system. They maintain core assets and ratios. It is not gold bullion, but rather the USGovt debt. It is the USTBond denominated in USDollars. Of course, such practice is upside down and lunatic. Debt operating as core assets in the global banking system is utterly reckless, insane, and bound to force a systemic breakdown. Such is the heresy and risk from the banker cabal.”

Nicely put.

We saw how that worked out in 2007.

CIGA Wolfgang Rech

Jim Willie Issues ALERT: “Global Currency Reserve at Risk”
July 16, 2017

Submitted by Jim Willie, Golden Jackass:

Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the country operates with the USDollar as its currency, with near blindness to its global role in trade and banking. The end of an era is coming, as the change will be powerful in its effect. The shock wave could hit this year in some form, in a manner to highlight its importance.

MEANING OF CURRENCY RESERVE

The term is tossed around in common manner, often without an explanation of what it means. A strict meaning is followed by a practical meaning. The USDollar serves as global currency reserve, insofar as the USTreasury Bond is the standard for bank reserve core asset usage. Numerous countries have a core foundation to their national banking system. They maintain core assets and ratios. It is not gold bullion, but rather the USGovt debt. It is the USTBond denominated in USDollars. Of course, such practice is upside down and lunatic. Debt operating as core assets in the global banking system is utterly reckless, insane, and bound to force a systemic breakdown. Such is the heresy and risk from the banker cabal.

The practical side of global currency reserve system is that trade payments are standardized as being executed in USDollar terms. A crude oil shipment, a grain shipment, a container vessel shipment, they are paid in USD terms, often with short-term USTreasury Bills. Also, international contracts like for consulting services or for installation of IT systems typically are written for payment in USD terms. As a result, the nations set to pay for a shipment or contract maintain huge USTreasury stores in their banking systems, ready to complete the trade payments.

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