Morgan Stanley Intentionally Set Up to Fail

By Dominique de Kevelioc de Bailleul

Knowing the financial system will never recover following the derivatives blowup at Bear Stearns of 2008, the next bank-broker-dealer intentionally slated by the Fed to collapse as the next bad bank is Morgan Stanley, according Hat Trick Letter publisher Jim Willie.

The evidence of the coming “killjob” on Morgan Stanley appears to jibe well with Willie’s thesis, but only an analyst who naturally doubles as detective with a flare for nailing down the criminal profile of the syndicate leaders earlier than most can also see what others may wrongly regard as paranoia.

“Morgan Stanley put on $8 TRILLION in interest rate swaps in the first half of 2010,” Willie explained to readers of bullion dealer SilverDoctors.   “I call them the designated hitter for Wall St.  Why wasn’t it JP Morgan, BOA, or Goldman Sachs?  My theory is simple: THEY EXPECTED LATER TO KILL MORGAN STANLEY!”

Could the resignation of Morgan Stanley CEO John Mack in September of  2009 following the height of the March 2009 meltdown serve as a clue to the banking cartel’s plot?  Maybe Mack abruptly left the firm after receiving word from the NY Fed of his coming role as a placeholder for the Eccles boys who had plans to go completely rogue to the dark side.

That’s speculation, of course, and so is Willie’s latest supposition—but considering the mounds of obvious criminal activity riddled throughout the global financial system, revealed to the world following the fall of Lehman Brothers, and the sudden drop of the monicker ‘Crazy’ Jim Willie by the goldbugs when referring to him and his ‘crazy’ theories, reporting the next likely fraud by the bank cartel has turned into a lucrative cottage industry, led by Jim Willie, Max Keiser and the folks at GATA.

It turns out that there’s nothing more popular than true crime stories, and Willie’s analysis of the motive behind the scheme certainly dovetails nicely into what all good money managers and correctly-trained economists now know: the bond market wags all dogs, but lately something isn’t right.

Since the monster-size monied participants of the yield curve game attract the smartest and most staid of the lot of this otherwise filthy financial industry, the bond market, in the past, got it right far more many times than the ‘vigilantes’ got it wrong.  But has happened to the bond vigilantes?  Willie explains.

“Morgan Stanley created the false impression of a flight to safety in U.S. Treasury bonds,” states Willie.  “Take a look at the 10 year yield early in 2010.  It was moving up to the 3.5% range! Alarm bells were going off!

“They were talking about QE and bond monetization by the Fed! China was backing out of buying treasury bonds!  We had more supply, and less demand, and a rising 10-year yield.  Suddenly we had a tremendous ‘flight to safety’.  What a bunch of propaganda!”

But the risk to investors beyond a collapse of asset prices of equities and real estate can now include cash—once considered a risk-less asset.  Not anymore, according to Willie, and the failure of a big Wall Street fixture will wake the public up to the risks of holding any asset besides bullion (in your hand or storage outside of the banking system) is coming, and that firm will be Morgan Stanley.

“No one is protesting against these big banks for stealing from these segregated futures accounts.  It’s because they’re futures accounts! The point is they’re segregated private accounts, and in bankruptcy law they are first in line during bankruptcies!!

“This is very big, and I expect we’re going to see a jump into private brokerage accounts.  It doesn’t look like it’s going to be Merrill Lynch, it looks like it could be Morgan Stanley.”

Willie expects segregated accounts at Morgan will go the way of Sentinel—into the black hole.  Holding bullion is the last refuge to the U.S. investor.

Marc Faber Agrees, ‘Get the Hell Out’

By Dominique de Kevelioc de Bailleul

The message to investors should be most clear by now: Quickly get your cash out of financial institutions and buy some gold.

“It’s very dangerous to put everything in cash with MF Global or another financial institution, because I’m not too sure about the law . . . if the law will protect you as a depositor or an account holder,” editor of the Gloom Boom Doom Report Marc Faber tells Bloomberg.

Whether the messenger comes way of an up-straight and straight-up N.Y. City Italian, an exiled American living in Central America, a young woman totting firearms and a Bible, or an eccentric Swiss-born money manager living in Chiang Mai, Thailand, each warn investors and savers that cash on account is not safe at financial institutions—no matter how much the FDIC or SIPC insures.

Gerald Celente, Jim Willie, Ann Barnhardt and, now, Marc Faber warn the runs on Greek, Spanish, Italian and several Eastern European banks will eventually come to the U.S.  And if investors and savers think they’re covered in the event of a failure, a media-downplayed ruling by United States Court of Appeals for the Seventh Circuit of Aug. 9, regarding the bankruptcy case of Sentinel Management Group, too many will come to know that their cash is most definitely exposed to what many say is legal theft.

“The system is rigged. . . if you don’t have it [assets] in your possession, you don’t own it,” said Celente, following word that his commodities brokerage account was seized in Jon Corzine’s MF Global bankruptcy of Oct. 31, 2011.

“JPM has seen fit to gobble private accounts at both MF Global and PFG-Best, with regulatory blessing as the courts sprinkled fascist holy water,” writes Jim Willie of the Golden Jackass newsletter.

“If you don’t understand what ‘get the hell out’ means, there’s not much I can do for you,” Ann Barnhardt commented, after hearing of the Seventh Circuit of Appeals ruling.

In the case of Sentinel, its creditor, BNY Mellon, contended that its secured loan with the Chicago futures brokerage firm takes priority over other loans which may have been secured by Sentinel’s pledge of allocated accounts.

“The appeals court affirmed an earlier district court ruling that the bank had a ‘secured position’ on a $312 million loan it gave to Sentinel, which turned out to have been secured by customer money,” according to Reuters of Aug. 9.

“I don’t think that’s what the Commodity Futures Trading Commission had in mind” with its requirement that brokers keep customer money separate from their own,” Reuters quoted Sentinel trustee Fred Grede.

“It does not bode well for the protection of customer funds,” he added, “I’m sure Mr. Corzine’s attorneys will get a hold of this ruling and use it for all it’s worth.”

Other than strongly recommending that idle cash be removed from U.S. banks and broker-dealers, Faber says investors and savers, alike, should hold some gold to protect their savings from another insidious means of ‘institutional’ theft in store from them in the future: the loss of purchasing power of their Federal Reserve notes.

“I think they [Fed] will print money and that eventually everything will become more expensive. . . and I would hold some gold . . . and I would hold some equities,” he says.

“And I happen to think that one day a lot of corporate bonds will have a higher credit rating than the U.S. government [bonds],” he adds, which coincidentally comes on the same day as another Bloomberg interview with credit rating agency Fitch, who warns the U.S. Treasury of an impending downgrade, if Congress cannot outline plans sometime in the first half of 2013 to narrow a $1.3 trillion annual budget deficit.

Jim Rogers: Duck and Cover, Your Cash is NOT Safe

By Dominique de Kevelioc de Bailleul

As another sign that American institutions have degenerated toward banana-republic class, what was once considered safe and risk-free, cash balances held at brokerage firms as well as many other institutions, are no longer safe, according to legendary investor Jim Rogers of Rogers Holdings.

With the latest scandal involving $215 million of missing customer funds at Chicago-based privately-held futures trading firm Peregrine Financial Group Inc. (PFGBest) a distinct trend has emerged that will most likely reveal in the months and years to come that the entire financial system is riddled with fraud, the level of which, could be so pervasive and systemic as to provide for the proverbial ‘black swan’ bank run of the collapse of the global financial system—despite central banker efforts to prop asset prices up with sanctioned counterfeit money.

“No such thing as safe when you talk about it,” Rogers told OilPrice.com in response to a question regarding investing during times of crisis.  “Even if you put your money in cash, if you put your money in the wrong cash, you lose a lot of money. As the people in Iceland have found out, as the people in Europe on the Euro have found out.  So, no such thing as safe.”

The 69-year-old Rogers has gone on record on more than a dozen occasions that he sees terrible times for the U.S. economy and markets after the November elections, with the years 2013 and 2014 drastically changing the mood among Americans from one of hope to one of panic and despair.

“The problem is: I expect to see serious economic problems in 2013 and 2014 in the U.S,” Rogers said.  “If and when that happens, we’re going to see a final panic in the markets and the economy and everything will have a crescendo and a selling climax.”

And a continuation of the economic downturn, which began in 2008, is expected to reveal, not only how bad and to what extent the economy and investment marketplace have deteriorated, but how much of the shocking state of decline of enterprise America has been hidden from the public through the complicity of the traditional media outlets.

Though Rogers wears a reputation as a mild-mannered straight-talking billionaire, appealing to a more-general audience of investors, another Jim, investment newsletter writer Jim Willie, in contrast, ‘gives it’ to his readers hard, fast and dirty.

“The entire financial system of the Western world is imploding,” Willie, the publisher of the famed Hat Trick Letter, said in an interview with Bull Market Think, Dec. 5, 2011.  “There is exponentially rising risks for individuals and their money…the risk right now–is people losing their entire life savings. I cannot seem to get people to understand this.”

Willie, who, before the crash of 2008, was referred to as “Crazy Jim” by his peers for his seemingly outrageous market and social-political predictions, warned investors in December 2011, a month following the MF Global fraud, “Several million private accounts may vanish–Brokerage accounts, Pension funds, Mutual funds; they’re all at risk.  We are getting into the middle stages of implosion, where I believe the public will not wake up until at least one million private accounts are stolen, and completely vanish.”

It now appears that another Jim Willie “crazy” prediction has splashed cold water of truth on the faces of his critics, with the straight-laced Rogers now backing him up.

Irrespective of style and tone, both the pre-baby boomer Jim Rogers and baby boomer Jim Willie have communicated their analysis of today’s America and financial system to a broad audience desperately seeking wisdom and advice during these most extraordinary times.  And, again, for the record, both men advocate holding gold during the bizarre financial, political and geopolitical upheaval we witness on a daily basis, because, as former partner of Jim Rogers at the famed Quantum Fund, George Soros, has said, “Act II” of the global financial crisis is yet to come.

Nothing but gold (silver, too) in your hands comes with a counter party or access to tax from a criminal government desperate enough to confiscate your wealth to keep their power.

GLD ETF Raid Imminent as China Flushes JP Morgan of Physical

Sources close to newsletter writer Jim Willie of the Hat Trick Letter tell him the Chinese are finally putting an end to the Fed-sponsored JP Morgan’s gold manipulation scheme—but not until the Eastern juggernaut strips every ounce of physical gold in a brilliant Sun Tzu maneuver against the Comex gold cartel.

With the cartel levered as much as an estimated 100-to-one in the gold market, JP Morgan is trapped into a game it cannot win in the end.  As normal market forces seek higher prices to quell demand, JP Morgan’s price suppression activities only serve to hasten the day when the gold price will be set free—but on China’s timetable and at a level of gold stock the Eastern giant feels comfortable stripping before crushing the hold of the G-8 and the menacing U.S. dollar standard from which China wishes to extricate itself.

“My firm belief is that a fair equitable gold price will come only after the price goes dark in the normal traditional paper dominated channels,” Willie began his update of the gold market in a piece posted on GoldSeek.com, suggesting that, at some point, the price quoted at the Comex will be revealed as merely a camouflaged official price-fixing mechanism to throw off traders into thinking rallies and plunges in the price of gold are part of a normal price discovery process.

In other words, instead of Treasury announcing on a periodic basis a new pegged price for gold under a broken Bretton Woods configuration, the U.S. can lever dollar against ridiculously low gold reserves to match the dismally low dollar reserves against assets held on the books of Fed member banks via JP Morgan’s gold manipulation scheme.

The customer(s) of JP Morgan that Blythe Masters had referred to in an interview with CNBC is, accounting for the lion’s share in terms of dollar volume, the Fed itself—which makes sense in that JP Morgan is one of the owners of the Fed (contrary to the obfuscation presented on the Fed’s Web site).

“We store significant amounts of commodities, for instance silver [gold for instance], on behalf of customers. We operate vaults in New York City, in Singapore and in London. Often when customers have that metal stored in our facilities they hedge it on a forward basis through JPMorgan, which in turn hedges in the commodities market,” Masters told CNBC on Apr. 5. Emphasis added to text.

“If you see only the hedges and our activity in the futures market but you aren’t aware of the underlying client position that we’re hedging, then it would suggest inaccurately that we’re running a large directional position,” she added. “In fact that’s not the case at all. We have offsetting positions. We have no stake in whether prices rise or decline.”

At a ratio of approximately 100-to-one of paper “hedges” against physical gold, the only customer who would be large enough to cover such a bet for JP Morgan would be a printing press—the Fed.

Back to Willie.  He goes on to say in his article that the “Eastern coalition” has been stripping JP Morgan of physical gold at intervals of $10 in a “reverse pyramid,” or higher amounts of buy orders as the price drops.  As the Chinese lay a net of buy orders of physical during the massive de-leveraging process conducted by the European banks, the gold sold by the EU in an effort to remain liquid shifts from the West to East at fire sale prices made possible by JP Morgan’s paper shorts throughout the gold bull market.

“The gold price will not rise until the Eastern Coalition has had their fill in a Western diet rich in gold,” Willie stated.  “ . . . In the process of de-leveraging, the cartel is losing their gold bullion. They are vulnerable, made worse by their insolvency, aggravated by their lack of liquidity. The paper gold price is imploding, but not the physical price.”

Willie’s intelligence of renewed aggressive Eastern alliance gold buying—as well as the just-released news flash from Reuters of Vladimir Putin’s decision to skip the G-8 summit—appear to dovetail at this time with geopolitical events concerning Iran.  Though Russia is a member of the G-8, China is not.  Escalating aggression by the U.S. against Iran has pushed Iranian allies China and Russia into a formidable alliance against America and may explain Russia’s abstention from the meeting in a show of allegiance with China against their mutual enemy in battle for another gold—black gold—oil.

If the U.S. can secure Iranian oil, China loses its leverage in the currency war and its timetable for the renminbi to be elevated as a world’s reserve currency—which the Russians would benefit as well, as the ruble would be elevated (and included in the proposed SDR with the renminbi) as dollars leave the oil market through bilateral trade agreements forged by anti-American forces, globally.

Gold market insiders sense that, as Willie reports, China and its Eastern partners have a window of opportunity before the U.S. presidential election and/or a Fed announcement of more QE to accumulate as much gold as possible before the gold price moves higher to relieve the massive physical buying at the hands of the Chinese.

But it appears the U.S. could buy more time in the event of a gold raid by the Chinese (akin to Europe’s raid on U.S. gold during the late 1960s) as a force majeure in the gold market would collapse the dollar and the means of funding U.S. military operations against Iran and countless other operations hostile to China and Russia.  That physical gold, not available to JP Morgan, would need to come from the confiscation of private gold assets, such as those held for the Barclay GLD ETF.

“Unfortunately, the Eastern gold raids waged against the Western gold cartel might be satisfied with gold bullion pulled from the back door of the GLD exchange traded fund. As the Eastern Coalition observes the de-leverage process and swoops to exploit the insolvent condition compounded by lack of liquidity, the demands made on cartel member gold reserves might come from the GLD fund itself,” Willie speculated.

He added, “The cartel simply shorts the GLD stock, entitling themselves to vast truckloads of GLD gold bars in illicit grabs. The tracks are covered by altered bar lists, whose track record is so abysmal and faulty that new covered tracks are easily made. The GLD fund is destined for a day like Madoff and Corzine before the Congress, but with far more lawsuits. Given the vast conduits between Europe and the United States, any event triggered on the continent will extend quickly to the U.S. and UK.”

Gold traders should realize that Willie’s analysis strikes at the heart of the U.S. dollar, taking Jim Rickard’s thesis to a much deeper and poignant level—a level that Rickards will not dare to go.

In fact, Rickards told TruNews radio that investors of gold will be disappointed by a probably confiscatory tax of “90 percent” on gold held by American citizens, leaving that Rickards comment to beg the question: then where do Americans go to flee the dollar?

The answer is still—GOLD!—and the corollary? Store it outside the jurisdiction of the U.S. and away from a criminal Washington hell bent to sacrifice every American in its effort to achieve its objectives.  But Rickards, the DoD consultant, won’t tell you that, which suggests to anyone who listens to him that it is futile to protect yourself from a fascist U.S. government intent on sacrificing a nation’s privately-held treasure for its globalist agenda.

Operation ‘Easter Egg’: 200 Arab Billionaires Conspire to “Kill” the Dollar

Secret talks between 200 Arab billionaires in Abu Dhabi, UAE took place during Easter weekend in April 2010 to discuss the death of the petrodollar and the realignment of military protection of Middle East oil fields, according to a source close to Jim Willie of the Hat Trick Letter.

In an exclusive interview with TruNews on Apr. 24 (full audio interview), investigative reporter and newsletter writer Jim Willie told host Rick Wiles that the oil-rich nations of the Middle East plan for an eventual ditching of the U.S. dollar as payment for oil exports from the region. Sign-up for my 100% FREE Alerts

“In Easter weekend of 2010, there was a meeting of 200 billionaires who arrived in private jets in Abu Dhabi,” Willie said.  “And I heard about it from a very good reliable source.  And they decided on a lot of things, like policy toward Iran and how they’re going to handle things like Bahrain, and what they’re going to do regarding protection, and they made a decision.  They’re going to accept Chinese protection, and they’re going to accept the potential for an arms-weapon store from Russia, and they’re going to say good-bye to the American protection.”

While the U.S. pressures the international community to sanction Iran, China fears the move would cut its imports of Iranian oil, which in 2010 reached 12 percent of total Chinese imports of crude.  Saudi Arabia, on the other hand, reportedly fears that its oil revenue is in danger as the world moves increasingly off the dollar standard—a problem that Beijing’s strong renminbi currency offers as a solution to Saudi Arabia’s depleting cash-cow commodity.

Reminiscent of a deal struck between Russia and China in November 2010 to replace the dollar with renminbi and rubles to settle trade between the two countries, a meeting between China’s Premiere Wen Jiabao and members of the Saudi royal family was held a little more than a year later to discuss a back-up plan to the Iranian quagmire.

According to a Jan. 16, 2012, article in China Daily, “In what Riyadh calls ‘the largest expansion by any oil company in the world’, Sinopec’s deal on Saturday with Saudi oil giant Aramco will allow a major oil refinery to become operational in the Red Sea port of Yanbu by 2014.

“The $8.5 billion joint venture, which covers an area of about 5.2 million square meters, is already under construction. It will process 400,000 barrels of heavy crude oil per day. Aramco will hold a 62.5 percent stake in the plant while Sinopec will own the remaining 37.5 percent.

“The move reflected the two countries’ ‘firm willingness to join hands in coping with challenges and safeguard common interests amid profound adjustments to global situations’, Wen told Saudi Crown Prince Nayef bin Abdul-Aziz upon arrival in Riyadh late on Saturday.”

In January 2012, Iran shocked the world with a retaliation against a U.S.-led freeze of Iranian S.W.I.F.T transactions with an announcement that the third-largest Middle East oil producer will no longer accept U.S. dollars as payment for Iranian oil and that it would, instead, accept gold in addition to other currencies from China and India, among other nations, as settlement.

Mar. 29, 2012, New Delhi-based The Indian Express reported that a trade deal had been reached and signed between the leaders of the BRICS countries of Brazil, Russia, India, China and S. Africa—with Russia and China as the two lynchpin members of the extended agreement with India (nuclear weapons capabilities), Brazil and S. Africa.  The agreement includes dropping the dollar as settlement of trade between the five-nation compact.

The article stated, “The five-nation grouping of Brazil, Russia, India, China and South Africa (BRICS) today took the first step towards promoting trade in local currency, and also agreed to work towards creating a new development bank on the lines of the World Bank.”

Willie’s source told him the next step in the process to protect the BRICS, Iran and the oil cartel of the Arab nations is to strike the fatal blow to U.S. dollar hegemony with the “dollar kill switch.”

Russia’s overt intentions to protect Syria and Iran from U.S. aggression signals the tacit willingness of the BRICS to merge with Middle East members of OPEC, with Russia and China lending its military muscle to the expanded group of nation states.

But the kingpin of OPEC, Saudi Arabia, has one condition before it can take the final step: China must convince Iran to cooperate with the United States regarding Iran’s nuclear ambitions.

According to a cable leaked by WikiLeaks, published by the NY Times, a meeting in Riyadh between Foreign Minister Yang Jiechi of China and King Abdullah was held on Jan. 13, 2009, in which it was revealed that “Saudi Arabia understood China was concerned about having access to energy supplies, which could be cut off by Iran.”

“ . . . A later cable noted simply, ‘Saudi Arabia has told the Chinese that it is willing to effectively trade a guaranteed oil supply in return for Chinese pressure on Iran not to develop nuclear weapons,’”  the Times stated.

On April 26, 2012, Associated Press broke the story that suddenly Iran might be cooperating with the U.S.-led international pressure on the Persian state.  But Iran’s apparent decision to acquiesce to U.S. demands came following a meeting between Iran with Russia.

“TEHRAN, Iran — Iran’s official news agency says Iran might ratify the additional protocol of the nuclear Non-Proliferation Treaty (NPT),” stated AP.

“The IRNA report Thursday quoted Iran’s ambassador to Moscow, Reza Sajjadi. He said it could be part of a Russian framework under which Iran would stop expansion of its nuclear program if the West halts further sanctions,” the news wire agency added.

While the 200 Arab billionaires’ plan to execute a “dollar kill switch” may be a “year or two” away, according to Willie’s source, the foundations for an alternative to the U.S. dollar are clearly in place and solidifying rapidly.

Willie told his source that a “dollar kill switch” sounds like an end to the petro-dollar and “the Saudis have agreed to move on.”  Willie told TruNews’ that his source responded, “Bingo!” Sign-up for my 100% FREE Alerts

$140 Silver, Figures Don’t Lie

Calls for $60, $75, $100 and $140 per ounce of silver by the close of 2012 may be very reasonable ones.  Several well-known analysts have placed their bets already on each of these numbers.  Sign-up for my 100% FREE Alerts

Sure, $140, a quadruple from today’s $33 price seems way out there.

However, after considering the ramifications of a global financial system moving more rapidly away from the U.S. dollar (witness Iran), coupled with the no. 2 reserve currency, the euro, looking vulnerable, too, half the world’s purchasing power may be forced into gold and, by proxy, silver, whether they like it, or not.

U.S. and European financial institutions have not participated in the silver bull market.  But they will—though, at much higher prices than their Asia brethren.

2012 could be the year of some shocking revelations to the mom-and-pop retail investor.  The soundness (or the lack thereof) of the U.S. dollar will redirect their attention away from NDAA and other Washington nonsense as they receive a hard study on why politicians have gone mad lately.  It’s about the U.S. dollar, not Iran’s nuclear capabilities or terrorism or anything other lie that may fit.

At any time, the lines outside the coin/bullion dealer could form, as a carefully orchestrated attack of the dollar by significant entities of the East could result as a weapon against U.S. military aggression in the Middle East or elsewhere.  That scenario, a dollar Armageddon, comes from Jim Willie.

Sounds outlandish?  Welcome to the freshman class of the Jim Willie School of analysis.  When you reach your senior year of Willie’s tutelage, however, you won’t be calling him “Crazy Jim” anymore, as past graduates will gladly attest to his previously unwarranted monicker.  He’s been correct on so many issues, dismissing his analysis is most likely a bad idea.

And all it would take for a Jim Willie scenario is for the U.S.DX to break below 72, with vigor.  Then, all hell would break loose.  The short squeeze on silver could be epic, according to James Turk, Jim Sinclair, Bill Murphy and Eric Sprott.

And anyone who’s not familiar with the huge overhang of JP Morgan paper shorts won’t understand why silver could be so explosive to the upside.  To them, analysts like Willie come off as hucksters when talking about possible 4-bagger moves in a commodity (money) in a 12-month period.  Willie isn’t calling for $140 silver; he’s calling for dollar destruction.  Who knows how high silver will go in a coordinated attack on the dollar.

If, however, Jim Rogers of Rogers Holding is right, the mega wake up call that the U.S. “preppers” are expecting won’t come until after the election, but in 2013, instead.  In which case, maybe the $60 and $75 price targets for 2012 may be more reasonable ones, as politicians furiously work overtime to push out a crisis past the election season.  One of the top silver analysts of the world, David Morgan, a conservative and thoughtful analyst, falls into this camp.

Consider the U.S.DX chart, below, and glean into why all the calls for much higher prices for silver have come out since Bernanke’s FOMC statement on Wednesday, and earlier, in anticipation of the January meeting.

If the dollar retreats from its 40-month moving average, as it has since Wednesday’s FOMC meeting, the next leg down in the dollar is expected to test the 72 level as soon as this year—maybe even before the summer.

If 72 is not held, a run on the dollar to much lower levels (62?) could soar silver much higher than that 400 percent in the 30-month move we had from the third quarter of 2008 to the second quarter of 2011.  Panic could ensue.  From the $28 low support of December X 400 percent = $140.

A move of 400 percent in less then half the time of its previous move of that stature would imply a very significant event taking place that affects the U.S. dollar.  If silver is to repeat a 400 percent return, or $140 by the end of the year, a COMEX scandal, a whopper geo-political event, a Jim Willie scenario of an attack on the U.S. dollar by a cabal of Eastern raiders, or some black swan event as a result of tensions, will be the trigger.

With the U.S. playing recklessly overseas in both geo-politics and monetary matters, anything could happen to break the U.S. dollar stranglehold.  That’s when silver turns to gold.  Whether David Morgan’s $60 call for silver turns out to be more accurate, or an Armageddon run on the dollar takes silver to who knows where, 2012 should be an interesting year for silver.  Sign-up for my 100% FREE Alerts

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MF Global Case Exposes JP Morgan COMEX Fraud

With 19 days left in the year 2011, one would think that the famous Ann Barnhardt interview, posted Dec. 1, on the FinancialSense Newshour website was a shoo-in for the most important interview about your money this year.  Sign-up for my 100% FREE Alerts

But, it appears that Jim Willie of The Hat Trick Letter takes Barnhardt’s gruesome assessment of the financial industry several steps forward in classic Jim Willie style.  Marc Faber, Jim Rogers and, even Gerald Celente, Peter Schiff and Max Keiser, don’t do quite the justice to the topic of: the tag team effort by the bankers, regulators and politicians who conspire to fleece the American people, like Jim Willie can do.

For those already familiar with Jim Willie, go right to a most fascinating interview with the man, who, prior to the Lehman collapse, was unfairly referred to as ‘Crazy Jim’ for his ‘ridiculous’ prediction for systemic financial collapse at a time when the compelling evidence for such an event could only be appreciated by those few among us steeped in all the academic disciplines of money, history and of human behavior, rolled up into one.

Jim Willie interview, click here.

For those unfamiliar ears to the Willie experience, his presentations sound no less crazy than they’ve sounded of the past.  His presentation of the facts, the events of past and present, as well as the conclusions he draws, appear ‘nutty’ to the layperson.

But no one can ever say that the man has ever been wrong about what he has for many years envisioned—and expressed in no uncertain terms, proving once again the adage: It’s not, what a man says; it’s the posture in which the man says it, that appeals to the man-on-the street.  See Milgrim Experiment.

Though Willie earned a Ph.D. in inferential statistics, he won’t wear a suit and tie or a lab coat.  You’ll have to take in the data and draw your own conclusions, because he sounds exasperated from those around him who won’t listen—even his own family members.

Jim Willie, PhD., now, presumably, lives a peaceful life in Costa Rica, where he publishes his famous Hat Trick Letter.