Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
20 Days Left to Find Buying Opportunities In Gold - 25th Mar 19
Will the Historic Imbalance in Gold Stocks to Gold Price Resolve ? - 25th Mar 19
EasySMX Wireless Games Controllers Review - 25th Mar 19
Stock Market Short-term Top - 25th Mar 19
UK Population Growth - Latest ONS Immigration Statistics and Consequences - 24th Mar 19
The Fed Follows Trump's Tweets, And Does The Right Thing - 24th Mar 19
Yield Curves, 2yr Yield, SPX Stocks and a Crack Up Boom? - 24th Mar 19
Risk/Reward in Silver Favors Buying Now, Not Waiting for Big Moves - 23rd Mar 19
Similarities Between Stock Market Today and Previous Bull Market Tops - 23rd Mar 19
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Billionaire Gross: Jubilee Debt Relief as Prelude to New Global Economic Order

Interest-Rates / Global Debt Crisis 2016 May 29, 2016 - 12:22 PM GMT

By: Jeff_Berwick

Interest-Rates

Bill Gross just made headlines by explaining that Japan was bankrupt and its central bank would have to acquire the nation’s debt and then “forego repayment.”

What billionaire Gross is talking about here is a debt jubilee. And we’re not surprised. We’ve predicted this after all.  I’ve often said that Japan will be the first to fall.


Nearly a year ago, we launched our Shemitah analysis by predicting near-term market chaos. Markets promptly crashed late in August.  Then at the beginning of 2016, we explained that the upcoming year was a historical “Jubilee” and that it would continue to worsen until the end day on October 2, 2016 – though larger Shemitah Trends would be ongoing.

We’ve been tracking the events of 2016 and they have conformed to our predictions, beginning with a massive stock market pullback and a significant rise in the price of gold against the dollar in the first few months of the year.

Along the way we’ve taken note of statements about Jubilee 2016, including one from a top executive of the Bank for International Settlements, William White. Just a few months ago, in an explosive statement reported by the UK Telegraph, he said that world debt was impossible to pay down and that a debt jubilee would be necessary to give the world a fresh start.

Now billionaire bond investor Gross has basically said the same thing. In a Bloomberg interview he said that Japan was out of options and would have to reduce debt by using the central bank to acquire it and “forego repayment.” This approach will likely have to be taken with other countries as well.

The forgiveness that Gross is talking about is basically a debt jubilee. Central banks acquire debt-laden instruments from bankrupt nation-states and retire them. Maybe they will do the same with the world’s biggest corporations and financial entities such as Deutsche Bank. It’s not an easy process of course, but it may be the only alternative at this point. Europe is reeling. China is plunging into a depression and no matter what Janet Yellen may say, the US is not headed toward recovery: It’s stuck in a perma-depression.

If White and Gross are both talking about a jubilee publicly,  you can bet that there are plenty of others discussing it privately. And just in the past few months a series of billionaires -Soros, Druckenmiller, Rogers and Icahn – have warned of an imminent collapse and have taken massive positions in gold. The world’s situation is getting worse, not better.

Who is Bill Gross? He cofounded PIMCO and managed its huge Total Return bond fund before departing in 2013. When he left, he received a $290 million bonus,  large even by Wall Street standards. His total fortune is supposedly around $2.3 billion.

Gross  was known for his eccentricities at PIMCO, where he ran a trading floor that was “graveyard silent.” He preferred traders use electronic communication to talking. But Gross does not shirk public appearances, unlike some Wall Streeters. He enjoys speaking to the media, comparing it to taking “truth serum.” He likes telling the truth as he sees it to the media, maybe because he enjoys the shock value. His statement about central bank debt retirement certainly rings true.

Of course there’s much more to a jubilee than debt forgiveness. It sounds merciful enough but there is another idea behind it. Those organizing these jubilees have in mind moving the world toward a single monetary market.

So it’s not really merciful at all. It’s manipulative.  And it will cause a crisis and loss of wealth never before imagined.

It will have to be done on an international scale. And those organizing these reductions will inevitably create a new system once the debt reductions have taken place and most people have lost everything in its wake. The new system will be global. Sound familiar?

This “debt crisis” is no coincidence. Those behind it, caused it. Now they are beginning to propose the solution they have in mind.

Perhaps events will intercede and a formal jubilee will  not be implemented worldwide. Perhaps they will lose control… but even in that case it will result in chaos and crisis on a biblical level as things come apart at the seams.

Barring some miracle, those managing the jubilee destruction will have the power to take the international economy in the direction they choose. And this is how you end up with full-fledged economic globalization.

They will need to create a new bank, and this new bank will  serve as a global central bank. Or perhaps it will be done under the auspices of the International Monetary Fund. But this is the direction in which the world is headed.

We predicted the disasters of Shemitah 2015. And now we’ve predicted the ramifications of Jubilee 2016. That’s because the key to world affairs has been hidden inside the timeline of these events.

And to the best of my knowledge, we’re the only financial publisher that tracks this information on a regular basis.  Behind closed doors, many people are aware of what is going on but no one is willing to say it publicly.

As a result, thousands have recently subscribed to our TDV newsletter. Once you understand the code, you can get a pretty good idea of what’s coming next. It was why we were in gold in the first half of this year and why we pared our positions before this most recent downturn. Our TDV subscribers went along for the ride and they’ve seen for themselves just how effective our Jubilee 2016 info can be. We continue to get kind comments posted to our private, subscriber’s only Facebook Group:

Another one:

This Jubilee Year is a critical turning point in world history. Unfortunately, you won’t find anything about it even in the alternative media. It’s just too much beyond the mainstream for most to grasp let alone write about. But we’ve never discounted even the most “far out” insights in our search for truth. And when some of the most influential individuals in the world are speaking up about debt jubilees, you can bet it’s not a coincidence.

We hope you join with us and thousands of other dollar vigilantes across the world to not only navigate and survive this coming crisis but also potentially make massive profits.  You can join us here.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2016 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules