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REFRESH PAGE DAILY
THE COLLAPSE OF THE
U.S. DOLLAR
"We are watching a train wreck in slow motion, with the Fed and Treasury putting on a smoke and mirrors show to hide the gory details of perfidy. Recovery without jobs, solvency, real consumption, or increased manufacturing is not a recovery. This is the corpse of an economy coughing up the remnants of its vitality in response to the Fed's monetary Heimlich maneuver. And when it is done there will be nothing left, except a pile of markers and an unpayable debt, insolvency and default. Oh, the dollar will surely stagger for a while, and do some turns and twists to confound the speculators, but its condition is worsening. And what is unthinkable to those who maintain a studied ignorance of history will be a fait accompli... fin du régime, le siècle du dollar." (Jesse's Café Américain)
Barbara Aho
October 30, 2009
The Sinclair Bloodline
A prominent economic and financial analyst has been predicting for several months that the U.S. dollar will collapse in early November 2009. James Sinclair is the Chairman and CEO of Tanzania Royalty Exploration Corp. which procures royalty interests in gold production in Tanzania in central East Africa. Jim Sinclair is also the son of Bertram Seligman whose family started Goldman Sachs, Solomon Brothers, Lehman Brothers and other major investment banking firms.
"...I know how things end in the market even before they begin. I am the son of one of the world's greatest traders, Bertram J. Seligman, who like, Jesse Livermore, always knew what was over the horizon. I do not pretend to have all the talent of those market giants but just some of it. Goldman Sachs, Solomon Brothers, Lehman Brothers, and Bache were a few of the firms started by my family. All this appears in a book called 'Our Crowd.'" (Jim Sinclair, GATA)
Our Crowd: The Great Jewish Families of New York by Stephen Birmingham relates details of the powerful New York banking alliance in which the House of Seligman—the ancestors of Jim Sinclair and his father, Bertram Seligman—became partners with the House of Rothschild and the House of Morgan:
"...in the autumn of 1874, Baron Rothschild summoned Isaac Seligman to his office to give him a piece of news. Some $55 million worth of United States bonds were to be offered for sale, and, the Baron suggested, the issue might be backed by a combination of three houses — the House of Rothschild, the House of Morgan, and the House of Seligman. For the first time, August Belmont would act as agent for both the Rothschilds and J. & W. Seligman & Company... The Seligmans were now participating in the most powerful financial combination in the history of banking.
"At last they were able to consider themselves the Rothschild's peers. The Seligman–Belmont–Morgan–Rothschild alliance, furthermore, was so successful that by the end of the decade there were complaints on Wall Street that 'London—and Germany—based bankers' had a monopoly on the sale of United States bonds in Europe—which they virtually did. The Seligmans were now being called 'the American Rothschilds'..." (Our Crowd: The Great Jewish Families of New York, Stephen Birmingham, pp. 138-139)
The family of Bertram Seligman also started the Bache Group which loaned money to Herbert William Hunt and his brother Nelson Bunker Hunt after they declared bankruptcy in 1981, having reportedly lost billions of dollars trying to corner the silver market. Jim Sinclair advised the Hunt brothers:
“From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker.” (Jim Sinclair’s Mindset)
(See also: The Synarchy: Part 3)
Does this scenario sound familiar?
"Many Government officials feared that if the Hunts were unable to meet their debts, some large Wall Street brokerage firms and banks might collapse. To save the situation, a consortium of US banks provided a $1.1 billion line of credit to the brothers which allowed them to pay Bache which, in turn, survived the ordeal. The U.S. Securities and Exchange Commission (SEC) later launched an investigation into the Hunt brothers, who had failed to disclose that they in fact held a 6.5% stake in Bache." (Wikipedia)
Jim Sinclair, who received his mother's maiden name, belongs to the high ranking Merovingian Sinclair/Saint-Clair bloodline.
"Although Bertram Seligman was my father, James Sinclair (from my mother) has been my name since birth. If it had been possible, I would have changed my surname back to my father's prior to entering my career." (GATA)
The Sinclair surname is the Scottish variant of the French Saint-Clair.
"The Scottish Sinclair family, which includes the Earls of Caithness, originally held the Norman barony of Saint-Clair. Sir William Saint-Clair (1240 - 1303), was a leader of a rebellion against Edward 1 of England; his son, Sir Henry Sinclair, fought for Bruce at Bannockburn, and Sir Henry Sinclair was created Prince of Orkney in 1379." (Internet Surname Database)
The Merovingian Sinclair/Saint-Clair bloodline, which claims to be the lineage of Christ, is really the bloodline of the false Christ:
"The modern Priory of Sion...must nurture and protect the bloodline of Christ – those few members of the royal Merovingian bloodline who have survived into modern times… Only two direct lines of Merovingians remain. Their family names are Plantard and Saint-Clair." (The Da Vinci Code, pp. 279-280)
(See: The Merovingian Dynasty)
"The knowledge of Wall Street runs in my blood, my heart, and my soul." In his commentaries below, Mr. Sinclair is quite certain of a November dollar collapse.
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Posted: Jun 29 2009 By: Jim Sinclair
Yes, that is right. You have a little more than 130 DAYS before MOPE (management of perspective economics) falls into the abyss of loss of confidence in the US dollar.
The event will be the birth of hyperinflation in the US and elsewhere to the horror of the spin media. Crude has been trying to explain this to the public, but so far they have not gotten a clue. Crude strength is being called a hedge against the dollar as fundamental energy analysts are hard pressed to explain a rise from $30 into the $70s with NO pick up in US economic activity and NO massive draw down on supplies. The oil price is an example of the arcane and exoteric mechanism of hyperinflation soon to take gold to $1224, $1650 and then on to Alf and Armstrong’s numbers. This phenomenon is something that the murderous Children of the Corn that run the hedge funds will not accept until it happens.
Happen it will.
130 days is no time at all. Are you prepared? |
The next day, June 30, Jim Sinclair wrote from China: "Dear Friends, It has been a busy day here. China is not just talking, but preparing for what we know is coming in 127 days." (Update from China)
Mr. Sinclair spent one week in Beijing meeting with business and government people. His company, Tanzania Royalty Exploration Corp., is part of the China Africa Business Council (CABC) which is headquartered in Beijing, Peoples Republic of China. Beijing is 12 hours ahead of U.S. EST, so 127 days from July 1 would be November 5, 2009, which is the announcement day for the November 9 Treasury Auction.
Sinclair's countdown from August 14, 2009 pinpoints Saturday, November 7, 2009 as the beginning of the end for the U.S. dollar.
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The Motivation Behind The Countdown The primary reason
for this “out on the limb statement” is that the recent China/US financial
Summit meeting in Washington which was requested by China, was not
significantly pre-planned. Quantitative easing
cannot be curtailed in 2009 or 2010. To curtail QE as the US Federal
Deficit explodes would be to release interest rates to the marketplace
that could easily take them to late 1979 early 1980s levels due to a
currency event. |
In previous commentaries, Jim Sinclair notified his readers of the serious issues which informed his prediction:
China Invokes A “Stop Loss” On OTC Derivatives (Aug. 31, 2009)
China and Russia will NOT be using dollars in energy settlements between
countries (Oct. 12, 2009)
Dollar Reaches Breaking Point as Banks Shift Reserves (link to Bloomberg)
Basically, the days of the Petrodollar are numbered and Mr. Sinclair projects that China will not purchase more Treasury bills at the November 9 Treasury auction because the Federal Reserve will not end quantitative easing.
On October 26, following the announcement that Capmark Financial Group, one of the largest U.S. commercial real estate lenders, filed for bankruptcy, James Sinclair reiterated that the U.S. would not be meeting China's demands to end quantitative easing:
"Think CIT and Capmark before you listen to suggestions of curtailment of QE or increased central bank interest rates in excess of other major currencies." (Jim Sinclair's MineSet)
The day of reckoning for the U.S. dollar will evidently be during the G20 meeting of finance ministers and bank governors, to be held in St. Andrews, Scotland on November 6-7.
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October 30th the Fed is planning to curtail QE regarding Treasury auctions.
November 4th is the FOMC [Federal Reserve Open Market Committee] meeting most likely to contain discussions of timing for the exit from economic stimulation.
November 7th is the G20 meeting at which BRIC nations will anticipate a cessation of QE and a commitment to establish a currency alternative to the US dollar.
Plus two other interesting events.
1. A Bradley Day
So fasten your seat belts because our long discussed rock and hard place will be reached shortly.
Can the Fed provide the Chinese with their demands of middle July at the USA/Chinese Washington Financial Summit in a deal to buy US Treasuries so as to let the Fed back off their US Treasury instrument auction QE.
Will the market reaction to this strategy actually prevent this strategy?
Will the present administration be comfortable with the price of the continuance of Chinese buying of US Treasury instruments?
Will the upcoming Bradley Day signal a change in the equity market rally since last April?
The DaVinci mathematical ratio does not support a top in gold of any merit here nor does it support a bottom of any merit in the US dollar.
So there is the witch’s brew we have been counting down to. The point where push comes to shove. Where theory becomes actuality. Where the desires of the Fed faces off an administration’s desire to maintain its present strong political control. Where the equities market could end their 1932 rally.
All of this occurs with no indication of a top in gold or a bottom in the dollar of real merit. ("When Push Comes to Shove") |
Mammon, masquerading as "The Market," is a false prophet
To our knowledge, Jim Sinclair is the only economist who has dared to predict a specific point in time for the dollar collapse. Should Mr. Sinclair's prediction for this watershed event be proven correct, many people will regard him as a prophet. Referring to James Rothschild, the poet Heinrich Heine said: "Money is the god of our times, and Rothschild is his prophet." Since the House of Seligman was allied with the House of Rothschild, whose god is Mammon, James Sinclair may be the modern-day counterpart of James Rothschild, who was the false prophet of Mammon in his day.
Jim Sinclair is a prominent Austrian school economist/investment adviser. The Austrian School of laissez faire, free market economics was founded by Ludwig von Mises, co-founder of the Mont Pelerin Society with Friedrich von Hayek and the Pan European Union with Count Richard Nikolaus von Coudenhove-Kalergi and Otto von Habsburg. Because they are the global elite, Austrian School economists are likely to be "right on the money" with their financial predictions, many having prior knowledge of events. If and when the collapse occurs according to Jim Sinclair's prediction, the Austrian School will be validated in the eyes of the world. Furthermore, vindication of Austrian School economists in the mainstream media, which formerly ridiculed them, will position Libertarian candidates like Ron and Rand Paul and Peter Schiff to win their respective elections in 2010 and 2012.
As previously stated, Jim Sinclair is Chairman and CEO of Tanzania Royalty Exploration Corp. which buys royalty interests in gold production in Tanzania in central East Africa. A royalty is a right to receive a percentage of production from a gold mine in exchange for a front end payment, without assuming any responsibility for the actual mining operation. Tanzania Royalty does not contribute to the operating and capital costs of gold mines but receives pre-production royalties and direct royalties in future gold production.
"Tanzanian Royalty Exploration (T.TNX, AMEX.TRE) is a unique,
publicly–traded financial gold company whose business strategy is to acquire
royalty interests in gold production from its core assets in the Lake Victoria
greenstone belt (LVGB) of Tanzania where a reported 40 million ounces of gold
have been discovered since the mid–1990's.
"Tanzanian Royalty ranks among the largest landholders in the LVGB—one of the
most prolific goldfields in the world. Established producers in this belt rank
within the lowest percentile globally in terms of cash production costs."
"But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt:
and the Libyans and the Ethiopians shall be at his steps." ~ Daniel 11:43
Tanzania is not far from Zimbabwe whose currency collapsed a couple of years ago. Since this tragedy, the starving people of Zimbabwe must pan for gold nuggets to buy mere loaves of bread from their corrupt government. The following videos show how resource rich nations have been reduced to third world poverty following a currency collapse:
"Gold
for Bread—Zimbabwe—The Result of Currency Collapse & Hyperinflation"
"Argentina's Economic Collapse"
Is Mr. Sinclair's company helping the dying peasants in Zimbabwe with a portion of the 40 million ounces of gold mined in Tanzania? This is doubtful. Tanzania Royalty Exploration Corp. has a royalty agreement with Barrick Gold, the world's largest gold producer, and these two Canadian companies control over 50% of Tanzania's gold projects.
"By mid-2005, Tanzanian Royalty Exploration held 138 prospecting licenses in the Lake Victoria goldfields, a large number of which were subject to royalty agreements with various companies. The Company's Itetemia property is adjacent to Barrick's Bulyanhulu gold mine and remains a prime candidate for the discovery of an economic mineral deposit. Other projects are the subject of royalty agreements with Montreal-based MDN Inc. whose Tulawaka gold project involves a joint venture with a subsidiary of Barrick." (Tanzania Royalty Exploration Corp.)
According to CorpWatch, Barrick Gold is connected with the global CIA drug trafficking and terrorist network which has exploited many countries.
"During that time [1990s] Barrick Gold was distinguishing itself throughout the world for a the destruction, contamination and death left in the wake of its mining projects in Rwanda, Tanzania, South Africa, Australia, Nevada and Peru. The links between Barrick Gold founder Peter Munk with Augustus Pinochet, Iran-Contra arms and drug trafficker Adnan Khashoggi, George Bush Sr., the Carlyle Group and even Bin Laden have been documented in depth."
Tanzania is "one of the world's poorest countries. With a per capita income of $250 a year, half the population has no clean running water, and one in four children dies before their fifth birthday." (John Pilger, New Rulers of the World, p. 131)
"Let me ask you, do you know the difference between Tanzania and Goldman Sachs? Tanzania is a country that has a gross national product of $2.2 billion and shares it between 25 million people. Goldman Sachs is an investment firm which has annual profits of $2.2 billion and shares them among 161 partners." (Dr. Susan George, "New Rulers of the World")
As stated by Jim Sinclair, his family started Goldman Sachs. An African forum reveals the ruthless exploitation of Tanzania by James Sinclair's company, Tanzania Royalty Exploration Corp.
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James Sinclair: A Friend or Foe?
"This company is owned by Barrick, the guys who are taking the bulyankulu gold for peanuts." 1.
"He is said to be the power behind the throne, the kingmaker, the ever faithful friend of our esteemed President. It is alleged that Mr. Sinclair and his company owns rights to all mining exploration in Tanzania in perpertuity!" 2.
"Literally, these guys control the whole Lake Victoria Greenstone Belt (LVGB) .... 'greenstones' are the rocks in which most of the gold is found in the Mwanza, Kagera, Shinyanga, Mara, Tabora and Singida regions .... Sinclair & Co hold a big chunk of prospecting licenses in these areas ....." 2.
"It is depressing to know that
Tz Royalty in actual sense owns my babu's small shambas without our
knowledge. We can be kicked out of our homestead any time when this
gentleman's interests needs fulfilling. Now I understand why Nyerere
decided to let the minerals stay undeveloped for all those years. The
price is too high to bear!
4. "50 People Who Are Screwing Up
Tanzania 42. James Sinclair" 19.
"Petition: Mr. Sinclair should
Stop divulging privileged government information and should not have
access to them before the Tanzanian General Public:...
"And Mr. Sinclair, if the
Commission or the President, whose praise you lavishly sing, had the
inexplicable friendliness to show you the report before its formal release
to the general public, why would you disparage the people and the
Commission with your thinly veiled call to the President not to follow
recommendations to fix a malfeasant industry which serves but a venal few?
And if you have no problem with the report's recommendations, as you
confusingly wrote, why, then, tell the President not to disturb the
markets with the report's recommendations?"
31.
"The question is what is going to be done about this? Are we going to continue to sit back and watch our country being looted?" 52. |
Henry Hamilton Beamish, the British author of The Jews' Who's Who: Israelite Finance: Its Sinister Influence (1921), stated in a 1937 speech:
"The Boer War occurred 37 years ago. Boer means farmer. Many criticized a great power like Britain for trying to wipe out the Boers. Upon making inquiry, I found all the gold and diamond mines of South Africa were owned by Jews; that Rothschild controlled gold; Samuels controlled silver, Baum controlled other mining, and Moses controlled base metals. Anything these people touch they inevitably pollute.”
"He is said to be the power behind the throne, the kingmaker..."
Economic analysts and financial advisers evaluate hard data and leading indicators to arrive at their projections on the economy. Few, however, presume to give hard and fast projections or dates of future events. How is it that Jim Sinclair is the only one going out on a limb with a firm date on which the U.S. dollar will collapse? Perhaps he has obtained this information from the business and government leaders in the China Africa Business Council of which Tanzania Royalty is a member. If Mr. Sinclair is wrong, who will take seriously his future projections? But if he is right, this financial guru will have won the confidence of a vast audience who will then believe every word he says.
The single reason Jim Sinclair would be able to accurately predict the exact timing of the dollar collapse would be his access to inside information at the highest level. It should not be overlooked that Jim Sinclair's ancestors, the House of Seligman, partnered with the House of Rothschild and the House of Morgan, which places him in the inner circle of the Learned Elders of Sion.
It also makes perfect sense that a "Sinclair"—the self-styled "sacred bloodline" of the Merovingian (false) Messiah—would be privy to insider information. The Sinclair pedigree is among the highest ranking in the dynastic Merovingian bloodline, along with the Plantard and the de Vere lineages. As the world approaches that day when the Antichrist will be enthroned in the rebuilt Temple, declaring himself to be God (2 Thess. 2:4), the fulfillment of Mr. Sinclair's prediction would be a perfect set-up for his blood relation, Thomas Plantard de Saint-Clair, to become the False Messiah.
On the Watch Unto Prayer website there are many exposes of this demonic bloodline under their various designations: The Learned Elders of Sion, The Merovingian Dynasty, The Zionist Conspiracy, The Revelation of the Antichrist, The Lost Tribe of Dan, and All in the Dragon Family, to name a few.
Since the U.S. dollar is the world's reserve currency, and international trade is presently conducted in dollars, the collapse of the global reserve currency will have global repercussions. This will lead to the beginning of sorrows for every nation of the world, and not the United States alone.
Revelation 6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.
7 And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see.
8 And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger, and with death, and with the beasts of the earth.
World events will be rapidly converging toward that point in time when God's righteous wrath will also fall on the rich men of the earth who have stolen the wealth of nations.
James 5
1 Go to
now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a
witness against you, and shall eat your flesh as it were fire. Ye have heaped
treasure together for the last days.
4 Behold, the hire of the labourers who have reaped down your fields,
which is of you kept back by fraud, crieth: and the cries of them which have
reaped are entered into the ears of the Lord of sabaoth.
5 Ye have lived in pleasure on the earth, and been wanton; ye have
nourished your hearts, as in a day of slaughter.
6 Ye have condemned and killed the just; and he doth not resist you.
"What manner of persons ought ye to be?"
In
these final hours before Jesus comes for His Church, Christians are assailed by
many temptations and fears. Like Paul, we can all say, "our flesh had no rest,
but we were troubled on every side; without were fightings, within
were fears. Nevertheless God, that comforteth those that are cast down,
comforted us..." (2 Cor. 7:5-6)
Rumors of wars and violent revolutions are coming to fruition, yet the writer of Hebrews commands God's saints to "Follow peace with all men, and holiness, without which no man shall see the Lord:" (Heb. 12:14)
Looking forward to the time of the end, Peter exhorted the saints: "Seeing then that all these things shall be dissolved, what manner of persons ought ye to be in all holy conversation and godliness...?" (2 Peter 3:11)
The Lord Jesus admonished us to lead holy lives, and to watch and pray always, that we may escape the coming judgments:
Luke 21
34 And take heed to yourselves, lest at any time your hearts be overcharged with surfeiting, and drunkenness, and cares of this life, and so that day come upon you unawares.
35 For as a snare shall it come on all them that dwell on the face of the whole earth.
36 Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.
"Behold, I come quickly: hold that fast which thou hast, that no man take thy crown." (Rev. 3:10)
As
we patiently await that glorious day of our Lord's coming for his saints, "Let
us commend the Gospel by the holiness of our lives," as F. B. Meyer wrote in his
marvelous book, Christ in Isaiah.
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THE VESSELS OF THE LORD
How beautiful upon the mountains are the feet of him That bringeth good tidings, that publisheth peace; That bringeth good tidings of good, that publisheth salvation;
That saith unto Zion, Thy God reigneth! With the voice together shall they sing: For they shall see eye to eye,
When the LORD shall bring again Zion. Ye waste places of Jerusalem: For the LORD hath comforted his people, He hath redeemed Jerusalem.
The LORD hath made bare his holy arm In the eyes of all the nations; And all the ends of the earth
Shall see the salvation of our God. Touch no unclean thing; Go ye out of the midst of her; Be ye clean, that bear the vessels of the LORD.
For ye shall not go out with haste, Nor go by flight: For the LORD will go before you; And the God of Israel will be your rereward.
We must be pure. “Touch no unclean thing. Be ye clean, ye that bear the vessels of the Lord.” Those vessels, as we have seen, were very precious. The enumeration of them is made with minute accuracy. (Ezra 8:26). But they were above all things holy unto the Lord. For generations they had been employed in temple service. Those that bore them were no common men; but Levites specially summoned to the work, and possessed at least of a ceremonial cleanliness. Thus they passed across the desert, holy men bearing holy vessels.
Through this world, unseen by mortal eye, a procession is passing, threading its way across continents of time. It bears holy vessels. The forms of expression in which Divine truth is enshrined may be compared to the vessels of the old dispensation, set apart to serve the purposes of the sanctuary. Testimony to God’s truth, the affirmation of things unseen and eternal, the announcement of the facts of redemption – such are our sacred charge. We must contend earnestly for the faith once delivered to the saints. Take heed to thyself and to the doctrine. The witness to the truth of God’s being, to the facts of redemption, of judgment, and of the world to come. Concerning all these, the olden charge is given us, “Watch ye and keep them, until ye weigh them before the chiefs of the priests and of the Levites, in the chambers of the house of the Lord.”
What manner of persons ought we to be, to whom so high a ministry is entrusted! How careful that our holy trust should not be forfeited because of our unholy life. How eager lest the glistening glory of our charge be blurred or dimmed by our thumbmarks! How watchful that the testimony of a doctrine be not traversed by the life of those who profess it! Men estimate the worth of the truths to which we bear witness by the worth of our personal character. Let us commend the Gospel by the holiness of our lives.
Before that procession we are told that waste places would break forth into song. It is a fair conception, as though their feet changed the aspect of the territories through which they passed. What was desert when they came to it, was paradise as they left it! What were ruins, became walls! Where there had been hostility, suspicion, and misunderstanding, there came concord and peace, the watchmen seeing eye to eye.
This is a true portraiture of the influence of the religion of Jesus over the hearts and lives of men. Creation herself, which now groans and travails, shall presently burst into hallelujahs like those with which the Psalter closes. God give us grace to join that procession, and with beautiful array pass onward without haste, under Divine convoy, till the glowing predictions of prophecy and psalm be realized in an emancipated universe!
But let us never forget the importance of prayer, as a necessary link in the achieving of these marvels. In the former chapter, there had been one eager and intense petition, “Awake, awake, put on strength, O arm of the Lord. Awake as in the ancient days!” That prayer had entered into the ear of the Lord God of Sabbaoth, and here we are told that “the Lord hath made bare his holy arm in the eyes of all the nations.” Pray on, O child of God! Thy breath is not mis-spent; thy tears are not wasted; “Behold, the Lord will come as a mighty one, and his arm shall rule for Him.” F. B. Meyer CHRIST IN ISAIAH |
