The below transcript is one I received in an email this morning from Jim Willie, editor of The Hat Trick Letter. With his permission I am sharing. I believe Jim to be one of the most relevant sources of our time. He has had a stellar track record over the last decade with his predictions. To say the least, he is in the know.
DELAY, INTRIGUE, DESPERATION
comment from the Voice at end (worth reading first)
from London Paul, via Chinese source…
“Beijing is quietly pushing back its loose timetable to make the Yuan freely convertible, policy insiders say, as the authorities fear removing capital controls too soon could unleash damaging speculative flows that will make it harder to reshape the economy. The source in China suggested the belief now was it was years off for full convertibility.”
everything is so difficult on implementing non-USD devices and platforms
risk, complexity, unintended consequences — all big factors
then East will go to more Euro-Yuan-Ruble usage and work directly toward BRICS currency
wondering if Voz will respond that the March 2015 timetable for BRICS gold currency will be delayed
more time for the cancer stick USD
the issue comes back to the fact that the longer the Western financial insanity carries on, the longer the hyper monetary inflation carries on, the longer war is used to defend the USD, the worse the potential blowback will be, the worse the impact crater will be, both to the bank system from derivatives and to the economy from QE capital hits
the longer they hold off on implementing the USD alternative, the harder it will be to enforce change and the more risk there will be that they will all be taken down, East included. This is the achilles heel of Putin/Xi/BRICS
default is a sound strategy provided they can mitigate to a sensible level the risks to their own nationsJim:
some believe that if this drags on another couple years there is a risk that the fascist bankers will prevail because BRICS will lose its appeal, and direct implementation of alternatives will be far too difficult.
the Jackass disagrees
the longer they wait, the more widespread the non-USD trade settlement and banking reserves will occur
thus the more damage from USFed QE as well as BOE QE and EuroCB QE, the damage to their economies
the forced agent is the implosion of banking system from rapidly accelerating economic decay, alongside severely ramped up QE volume with corresponding capital damage
the key is capital destruction, since it acts as fuse to the existing system, forcing the bankers to vastly increase QE volume, thus creating a monetary black hole
Putin will wait for Ukraine and parts of Europe to collapse, the line of fire being banks
key is Germany, which internally has begun to duke it out
..the Chinese are going to wait for the collapse of the US$.
why rush things if all is coming to you by default