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Swiss To Vote On Gold Repatriation - "Gold Is The Only Valuable Asset On The SNB's Balance Sheet"
A few weeks ago, we wrote of the Swiss People's Party's efforts to gain enough signatures to force the Swiss National Bank (SNB), who 'supposedly' guarantees the price stability in Switzerland, to stop selling its gold reserves. This last week, as the FT reports, they reached the required 100,000 signature mark and on Thursday the federal chancellery confirmed Switzerland is to hold a referendum that would ban the central bank from selling its gold reserves, force it to keep at least 20% of its assets in the metal, and repatriate gold reserves held abroad and keep them at home. Following Cyprus' forced sales and discussions of the net wealth in other European peripheral nations, proponents of the Swiss measure flatly reject the idea of sales, arguing that disposals of gold reserves at low prices between 2001 and 2006, as well as more recently, have cost Switzerland billions of Swiss francs. The "Save Our Swiss Franc" initiative proclaims, "today gold is almost the only really valuable asset left on the SNB’s balance sheet." The SNB, however, is concerned at, "the monetary policy implications of the demands in the initiative." A date for the referendum has not yet been set - but the FT notes that previous 'referenda' have taken up to several years from acceptance to actual vote.
Switzerland is to hold a referendum on a popular measure that would ban the central bank from selling its gold reserves and force it to keep at least 20 per cent of its assets in the metal.
Under the terms of “Save our Swiss Gold”, which is led by members of the ultra-conservative Swiss People’s party, the Swiss National Bank would have to repatriate gold reserves held abroad and keep them at home.
...
Governments in the eurozone’s beleaguered southern periphery tend to hold a large part of their total foreign reserves in gold – the Italian central bank holds 2,451 tonnes, more than 70 per cent of its total reserves, while Portugal’s holding of 383 tonnes accounts for 90 per cent.
...
They insist that the SNB’s gold reserves, which stood at SFr49.5bn at the end of February, accounting for about 10 per cent of its balance sheet, are the best store of value available to the central bank.
..."Today gold is almost the only really valuable asset left on the SNB’s balance sheet,”...
...
“We have considerable concerns with regard to the monetary policy implications of the demands in the initiative,” the [SNB] said, adding that it would provide a fuller response “in due course”.
A date for the referendum has not yet been set. However, it is not uncommon for the period between an initiative being accepted for referendum and a vote being held to extend to several years.
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Blessed are the cheesemakers!
i'm really starting to panic
Gold is trading higher tonight: http://www.pmbull.com/gold-price/
Everybody should panic and get themselves some physical.
I can't walk away from my computer for more than an hour and these fuckers are going to vote on whether to keep their gold or not a few years down the road. I must be nuts.
They know that they can vote for the return of their gold, but it not there for them to get.
Jim Willie Dubai contact see's $500/oz gold premium in a few months time for physical.
http://goldandsilverlinings.com/?p=2141
The premium on my physical gold is infinity.
What are you talking about? You don't have any gold left. Remember you we're telling me how you lost it in an unfortunate boating accident.
Better than is unfortunate botox accident.
A frozen half-smile half-rictus of pain in one's face. We're in Joker territory now ...
The Swiss and German expedition to actually find the gold is going to be epic.
They should make it a TV series. A lot more interesting than dancing with the washed up "stars".
Face? No, Boris is use Botox for calm temperament of household pet. You are to use Botox on face!?
Yea well, the premium on MY gold is infinity+1.
I'd sell my silver for a night with Scarlett Johansson.
(And $500 an ounce of course)
Scarlett doesn't take silver. You'll need some gold.....and a couple more zeros.
You misunderstand. She would pay me.
Just extreme backwardation (which is an extreme abomination linguistically).
The question is, can gold price rise dramatically before a global "distraction" is initiated to prevent everyone repatriating their gold.....which is no longer where they thought they left it ?
Thailand, Prachuapkirikhan.
This morning at 9.30 I went to collect 20 ounces of gold that I bought last week. I wanted mint ingots this time so had to wait for delivery (no premium over non-mint). The tiny shop was packed, normally I see no other customers, and everybody was buying, not selling. The owner who I now know quite well tells me his ratio buyers to sellers is over 95%. I am 100% certain these scenes are being replicated across Thailand and the rest of Asia.
Ditto for Jatim Indonesia. Travelled to the mall, where there are about 20 jewelry stores selling Au chains, bracelets, etc., over 15:1 ratio buyers to every seller. Most were sold out of Au bars. Only 2 shops had bars to sell. The only bars for sale were a couple 1 kg bars and 5-7 100 gram bars. Sorry no coins for saie on this side of the pond.
ridiculous comments always get headlines.....this guy (Wylie or whatever) impresses me as a moron
It doesn't matter how they vote on it. The problem they are going to endue is the war on alternative currencies (Bitcoin) and precious metals declared to save the Central Banksters fiat funny money. Of course the Swiss can repatriate all the paper gold their planes can load up....
The Central Banks New Currency War on Gold and Freedom
AllThatGlitters
Yes. Evgeryone should own some gold. Up to 10% or more of your wealth.
***
Switzerland! Do the right thing! Vote to keep your gold!
dochen what do u do with the other 90%?
Evening, fonz.
My other 88% or so is widely diversified. Cash, stocks, some bonds, our company in Peru and our condo make up the bulk.
I hold 12% in gold and other PMs (mostly gold) because our kid will not...
RAN SQUAWK has a news item about South Korea's bank buying more gold! They my homies (honorary anyway, as they make most of the bearings we but for Peru)!
Back up the truck, Korea!
dochen what do u do with the other 90%?
Like every smart man, he gives it to his wife and goes back to work.
A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man.
Lana Turner
Disclaimer:
My wife disapproves of buying gold. Bummer!
How about jewelry for her?
Not great as far as price per ounce but Gold:
http://www.apmex.com/Product/55828/1_gram_Fortuna_Oval_Shaped_Pamp_Suiss...
She doesn't want jewelry either. ~~~
Dang, sorry to hear that :-(
Make the Wife happy; better than Gold if you are happy, and cheaper than a divorce.
Mine approves of my silver buying, and even contributes an ounce here and there.
As far as gold jewelry goes, I have a contact that I can buy it from at spot. I've given my wife a nice collection at about 30% of retail cost. Retail markup on jewelry is insane.
No probelm, buy some silver instead! My wife LOVES silver :-)
Fonz did you end up buying your silver Eagles yesterday ?
Thats easy! BTC of course!
/sarc
System error : division by zero. Do you wish to continue?
Buy PMs, take your money out of the bank, hold your stocks in certificate form and then sit back and watch the show!
Come together!
http://www.youtube.com/watch?v=QGZ5f1G1Ep0&feature=youtu.be
As well as those that are cheesed off about their loss of gold.
For they know the whey.
Speak it, Brother, speak it!
Blessed are the cheesemakers, for they maintain the health of the culture.
Blessed are the cheese cutters.
Damn strikethrough doesn't work for me.
They will lead the churn-around.
Blessed are the Swiss cheesemakers, for they make holey cheese.
And they know their metal, must have read The Casein For Gold.
+ 3 (to cover for the junks) Who in the hell junks that?
I was wondering the same thing, Doc. Some serious corn-cobbed Cornholios, of that there is no doubt...
"He said some Greek is going to inherit the Earth!"
Some of the monetary policy implications are that if this passes then the Swiss will be back on the gold standard since they have to keep 20% in gold of every franc created.
This is a violation of IMF policy, so how this plays out is going to be interesting.
Better to violate the IMF policy and survive than abide by it and be consumed.
Agreed.
IMF policy is trash not fit to wipe the ass
IMF - Ingots Mother Fucker
IMF - where crooked banksters go to die.
Direct democracy does not fit well with the uber-world institutional scams such as the IMF, UNO, BIS and on and on ....
When will the people learn? Not until the bankers stole everything from them.
All manufacturers of dairy products are equally blessed.
+ 1 for Life of Brian quote
Well, swiss people can vote for the repatriation of gold; not for the delivery.
10 years for the Swiss, to begin as soon as Germany gets theirs back.
The Swiss will get their gold before Germany does, since someone has to mine the gold and ship it to Switzerland to be refined into GD bars before it can be shipped to Germany (ergo Germany will never get its gold). But the referendum will take a couple years (esp. if you factor in the time for the final regulations to be drafted and implemented after the vote succeeds).
The problem is the creation of the inverse of the Gordon's Brown-Ass (bottom) problem, and the driving price higher than it otherwise needs to be because of declared demand. The Chinese method is far more efficient (both economically and politically). But the clowns at the SNB parroted Bernanke's barbarous relic bullshit - so they need to have their wings clipped.
In the meantime, it is a handy reminder for both stackers and the other central bankers (who a putting Swiss discretion to shame right now) that the unsustainable won't be sustained indefinitely.
The Swiss found out that having a STRONG currency is a liability in this BIZZARROWORLD. Even after they sold off their gold and had an UNBACKED Swiss Franc, it was a 'safe haven' currency - driving up the cost of Swiass Exports and hurting their economy. So the Swiss linked their currency to the Euro in a DELIBERATE effort to weaken it.
You're in the gold time warp now.
Sure you just don't want some paper?
and who else will trade with usa when they are stealing other propreties?
i dont really think usa want this kind of loss of credibility
I got lucky/ aud/usd short covering.
I am sure they can get their gold back on a seven year plan like the Germans.
Depends which country is invaded to get the gold.
Mali.
I vote they sell it all to China. Or give it all to me.
I like it, I like it.
Bury it in a mountain.
Yes, with Hitler's brain, the Ark of the Covenant, and all that other weird shit the Swiss have stolen over the years....oh and the giant piles of teeth.
piles of teeth? weird.
Just kkidding....nice Swiss....I mean....what's not to like about this....super camouflaged cannon emplacement?
http://upload.wikimedia.org/wikipedia/commons/8/8d/Panzerturm.jpg
"Camouflaged cannon at the Lucendro dam in the Gotthard region. It has a 105 mm calibre and fires up to range of 17 km"
I wonder what happens to the canon when the enemy bunker busts the dam behind....just saying
+1, but your English is more nuanced than that... just saying
as in sexyleuten ;)
it was amazing weather
The Frogs and the Calzones get all the good weather, but I wouldn't sacrifice my practical and strategic location for a beautiful view. However, it would be nice if whoever was responsible for scheduling our 3 day per month allowance of beautiful weather over here did a more proficient job of it...
I own in Company of Heroes Blitzkrieg edition with the Panzerturm. Pew pew mfer's.
But, look up 'Melmer gold' sometime if you are interested.
I'm familiar with all of the horseshit shakedown techniques of the jews and israel. did you know that every ounce of gold and silver and valuable piece of artwork and jewelry in the world was stolen from the hebes in WWII?
No.
Did you know that the Treaty of Versailles specified that German war reparation payments were to be in gold, or if in goods, valued in gold by a special commission? Funny thing, that relic.
"gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939 but civilized people don't buy gold - they invest in productive businesses."
Charlie Munger
May 4, 2012
http://www.businessinsider.com/charlie-munger-gold-is-a-great-thing-to-s...
Both Charlie M and the buffett make one asumption that is not mentioned. Thet the options are ethical. That is a foolish option...
Actually gold was a pretty dumb thing to try and sew into your garments in Vienna in 1939, but what do a couple of anti-Semites like Bunghole and the Orifice know...
The Anschluss happened in the spring of 1938, the smart or the lucky ones were liquidating domestic holdings (at whatever price they could get) and making arrangements before the exit got more difficult than simply walking across the border, especially if one had to un-sew gold from their garments to pay some new Nazi passport control officer the Ausreisesteuer from 1938 on.
Following that logic, did Cyprus just have Crystalnacht or Anchlus?
I think they got Anschluss'd. They imposed exit a rather stiff exit tax on any Cypriot euros belatedly trying to leave the island. They did away with the planned final vote on approving the banking takover/merger, and will probably command the serfs to revote until the desired outcome is achieved on any future documents that require a local rubber-stamp. They are pressuring for installation of officials sympathetic to a new Reichs headquarted in Brussels at every turn. So I think They anschluss'd Cyprus.
If they succeed in getting control of (or more accurately legal title to) the "sovereign" gold reserves then slapping a Kristallnacht sticker on the calendar would probably be appropriate. The Germans have fetish for slapping up Vergesst es nie signs- yet disregard even the possibility of foundation and claim righteous bewilderment when their current Fuehrer gets pictured in her traditional garb, perhaps they'll develop a fetish for slapping up Jamais l'oublier signs in Brussels in couple years and have lost touch with the rationale for doing so within a couple generations.
Rinse, repeat.
They used to use soft gold for filings in teeth, young one. They are not collecting teeth for calcium.
cheaper than mining it.
Swiss...the "nice" Germans.
You made that up, right?
Actually, FYI, the real saying is "... the better Germans".
The German hill tribes.
Not to be a wise guy, but all that Nazi gold that was in Switzerland, did it just change ownership and is still there (just like at the Fed), or was it repatriated to... elsewhere?
They still make the best watches.
+ Patek Philipe (we wish....)
...today gold is almost the only really valuable asset left on the SNB’s balance sheet.
Bunch of damned barbarians those Swiss. Krugman, Munger, Bernanke and Buffet need to go educate these heathans of the value of a good solid paper promise.
A raping and pillaging they go if this passes.
How's your Alpo supplies granny? I hope you're stocked up for the shit storm coming.
Thanks for asking good Dr.
I had a wonderful stack of Alpo and Ken-L-Ration but sadly I lost it all in an unfortunate boating accident.
they will hold the vote in several years?
http://www.youtube.com/watch?v=NRifKEf0xr8
the EU is passing legislation next year, requiring any referendum be approved by brussels first.
is this true? links, please, then I have no clue how and why this should be possible
btw in this context: Switzerland is not in the EU
does NOT aplply for Switzerland, yet.
Fuck talking about it.... dumbasses... Try this:
Bank of Korea increased gold holdings by 24% in Feb. to 104.4 tons
http://ransquawk.com/headlines/288041
Do you think the CBs pay the same price as Dennis Gartman does for his COMEX futures ? I highly doubt it.
FOFOA has told me that buying under, say, 50 tonnes may not be as hard (expensive) as buying over, say, 70 tonnes. Korea's new 24 tonnes might not have cost them a huge premium vs. paper price.
But, I'm sure they'll never tell...
(Spitzer, for reasons I will not go into, this would be an excellent time to donate to FOFOA...)
FOFOA can donate to his own ass if he's so damn smart.
Even better let the verbal volume record holder donate to me...
no shit...if FOFOA talks anything like he writes, I'd rather just go spend that time mucking creeks for a few flakes.
I would love to see FOFOA dip his toe into the world of ZH and argue his case against "silver as a monetary metal"
And also clarify this "superior architecture of the €" crap that he continually trots out.
Come on FOFOA let's get it on, fight club rules, let's go...
Reminds me......has anyone seen FOA lately?
They'll get their gold back from the US (assuming the referendum passes).
In about 7 years.
7 years was the going redmption rate a few months ago. Now it's probably going to be 9,11,13,15, etc etc years. Shoulda done it earlier.
According to the videos in the above article the Swiss ain't got nothing coming. The Morgue already emptied the vaults.
Democracy, fraternity, sovereignty, bound by the rule of domestic law, the very concept of a republic.
Surely this will be attacked Krugman-style as greedy, not sharing the global wealth, nothing more than hot money machinations...yes? ;-)
The smartest people in the room have become mesmerized by the power that money printing, infinite credit expansion and perpetual debt gives to the government and those who regard themselves as self-appointed elites who are naturally in charge. In reality so many people confuse money with wealth. They think that money creates wealth and economic resources when the common man, the people who will insist on repatriating the country's gold, know it is the other way around.
Ludwig von Mises warned so long ago, fiat money is a MIRAGE. He said it "creates the appearance of prosperity", and when the central bank became exhausted, which it always eventually will, then economic reality will return. We are almost at that point and it will not be pleasant as the people in Japan will soon find out.
“The characteristic feature of present-day policies is the trend toward a substitution of government control for free enterprise. Powerful political parties and pressure groups are fervently asking for public control of all economic activities, for thorough government planning, and for the nationalization of business. They aim at full government control of education and at the socialization of the medical profession. There is no sphere of human activity that they would not be prepared to subordinate to regimentation by the authorities. In their eyes, state control is the panacea for all ills.” - Ludwig von Mises in 1944
And so it goes.
And so it goes
That is until, finally, the all knowing Government mandates the collectivization and nationalization of agriculture.
At which point production collapses and people then either revolt or starve to death.
Which is where Zimbabwe is now...
I could care less about aud/usd. Have fun Junking Away. I got out of my trade from Friday with a minimal loss.
It's cable I want!
Yen, i keep telling you not to short the aussie!
How much have you lost now?
BD6
Thu, 08/02/2012 - 00:21 | Poor Grogman
So much debt denominated in AUD now that it could even surprise to the upside?!
Deflation in the housing sector is starting to strangle domestic spending.
The successive moronic governments have created the mother of all consumer debt bubbles and are now stuck with the problem
This was my comment from 2012 and not much has changed...
This is bullish, along with any breaking news tonight and tomorrow. Check out futures, just going up, up, up.
check out the image on this page:
http://finance.sina.com.cn/consume/20130422/081515230434.shtml
The reporter wrote:
20g bars sold out, 30g bars sold out. some people are buying rain checks ...
that is one thing that makes me thing gold is in a bubble- the chinese are notorious for investing at the top and they are terrible gamblers.
The Chinese have about 1000 years of history with fiat currency,and they know when something is up. I think it's Americans who will be buying gold at the top, since the majority still have faith in, and keep their "assets" in the system.
From Google Translate:
Investment in gold bullion sales area on the fourth floor, the counter pull up the line of separation, began to organize the customers line up. High-intensity work for some salesman lost patience, fast calculator to calculate the price, customer hesitancy will be "discouraging", and quickly make up the next wave of guests.
Less than two in the afternoon, 20 grams of investment in gold bullion sold out of stock, about 1 hour, 30 g did not.
Such a scene in the team Chak bit surprised. He together with his wife and mother-in-law, the elderly every three to five minutes to go to the next real-time electronic screen to see a price "285", "289". Every time the old man back "report", Mr. Zhai have become a little more anxious, and blame from his wife. "I said yesterday Come on, you must wait." Mr. Zhai told reporters that he decided to buy gold from the The Tuesday media reported the price of gold "avalanche", "buy the dips". "Yesterday per gram price should be lower than it is today sixty-seven." Zhai said, he plans to buy 300 grams, "Looking back, linger for a day is equivalent to less money in 2000."
14:00 As of Friday, the New York gold futures quotes compared to Tuesday's low of $ 1,320, up $ 100. "Heard" trend quickly reflected in the price of domestic investment in gold bullion firm bargain-hunting beliefs, so that more people and become more urgent.
A young man came from Daxing told reporters, had wanted to buy 50 grams, "just a little spare cash." But saw the store the enthusiastic scenes and changes in the price of gold, he decided to simply time to buy 100 grams. "Probably never have to go up."
The scene last week across the country, the base to appear in the whole of Asia. On Thursday, the President of India Bombay Bullion Association, Mumbai, gold sales in the past two days up to 4 tons, the usual daily average sales of only 1 ton. The major gold stores in Hong Kong is frequently sold out phenomenon, the door of the gold shop in Singapore and Japan are also waiting in the queue.
Funny how everyone else's media is telling their citizens to buy and hold gold. What's media in USSA doing?
The Swiss people are soon to learn a word I heard Tyler use here called rehypothecation The 'Swiss People's Party' may wish to refresh their rights. Being citizens of one of the last nations on Earth which still have lawful firearm ownership, perhaps should attempt implementing a more meaningful strategy in re-rehypothecating 'their' Gold
GOLD is the only asset the swiss have? I would think the fact that anyone of age in the populace is armed and ammo is only a quick distribution process away, would still have have some value.
FUCK YEAH!!!!
Get it home!!!
It's becoming more and more apparent that the reality is we've always been on a gold standard, although a shadow one ever since 1971.
Now, ZH is tweeting about Korea continuing to add to its reserves. Looking forward to the follow up on that.
Basically, this is the Nixon era all over again only informally as the people are getting sucked dry and don't even know it.
This has the makings of becoming the greatest con ever.
I was going to say that it stuns me that it requires a 100,000 name petition to get common sense addressed in Switzerland. Then I realized I live in America where 320 million of us let about 3000 utterly evil sociopaths tell us what to do every day.
Rookies /
Bunker underneath Federal Reserve, Ben Bernanke is making some phone calls.....
"Jimmy!?!? Get me Tulving, Sunshine, Perth, Gainesville and anyone else that deals LARGE amounts of gold. I gotta cover our ass!.....{switches lines}.....Hans, babe, I got your message....I'm having the boys in the vault shine it up real good! No worries....can we push that delivery date back about 2-6 months? No?.....hmmmm.... Well ya see........"
I'm trading a personal 'spot' position (IR) That's 200k. I closed my risk/aud vs anything exposure.
I hope it works out! I'm sure it will. Stay nimble.
LOL!
I know, right?
"It's just that it's so heavy, and then there's the security concerns...What? Oh it's secure, it's just that moving it is dangerous, Al-Queda submarines, ground-to-air shoulder fired missles...and the cost...you know...it's heavy...lot's of fuel involved. And the background checks on everyone involved...What? We can move tanks and soldiers to the Middle East in a couple of days but not gold to Switzerland? Well...that's military hardware and people, not GOLD. I'm sure we can have it to you by 2020 or so."
"And what if a rogue Chechen(130 lbs soaking wet) were to attack the shipment?!?.....dude shut don Bastin!"
What?
They want their barbaric relics back?
The Swiss, full of guns and gold. Meanwhile, the pretty pets of crypto-Nazi USA 'government', steal with impunity for the zionists, and the islamist slaves.
But didn't Hong Kong banks and dealers completely sell out of gold last week? And where is more coming from? Why Switzerland and London...
Because that's where new physical gold (what there is of it) comes from- London & Zurich, they don't dig nice shiny bars out of the ground...
Curious - let's say gold DOES go to $3000 an ounce. Where/how would you sell it if you wanted to?
depends on what you want to buy (or pay off). If we started to hit a high inflation period, borrow as much cash as you can prior to the large move and then pay off the loan later with gold sales to central banks
People sell gold online and elsewhere for much more than 3K....it'll get sold. If I can't ill eat it!
Everything has its price. Gold and silver vs fiat, the zionist paper, only as good as their word. Their word is worthless. That is why central banks are buying gold.
EBay USED to be a good place to buy gold about 8 to 10 years ago. i used to pick up aussie $200 1/3 ounce coins , always with a certificate and high value in a half decent currency.
In those days not many folks paying attention - occassional missed coins so you got a bargain. Look at ending auctions during the superbowl!!
Now too many fakes but if you have a Account with 100% feedback i reckon you can make good money selling there.
i suspect there are a lot of unsophisticated buyers who pay well over spot. in fact 10 -20% easy...
ebay now has a lot of shit african buyers and various dodgy's who may not pay up - i dont sell so dont really know that side of it.
Same places you can sell it now. Refiners. Pawn Shops. Dealers. Jewlers. Other people. Cash for gold. I can convert mine to cash after a 5 minute drive if I want to. Which I don't, and won't, until they stop sitting on the price and let it rise to back the money supply. You will probably be able to trade it for goods/services/cash in a lot more places in the future.
Any bets that the 20% of gold they are supposed to hold will be phyzz?
Bear trap was for useless politicians and their fans.
Americans 'snapping' by the millions....
http://www.wnd.com/2013/04/americans-snapping-by-the-millions/
"After all, let’s face the hard facts: We just re-elected perhaps the worst president in history, someone manifestly obsessed with dismantling traditional, free-market capitalist America and transforming it into a socialist nanny state. That in itself is highly stressful – at least for the roughly half the population that still understands socialism always leads to a profound loss of freedom and prosperity."
Worst President in history....easily
O'bomba, plus his zionist paymasters and islamist fools. What could go wrong?
Gold, guns, silver and land. Believe it. Buy it.
... zionist paymasters and islamist fools...
As the current incumbent of the political cum oligarchy class running Pax Americana, Obama executes the wishes of the system that has ONE master : ME OIL, the Jerusalem of the one commodity that is the plank that this world walks on and he truly acknowledges it by bowing to the Templars who hold that fort today; the Zionist nation, sons of new Gerard de Ridefort breed; servants of Pax Americana and their own ethnically based trusteeship; à la Balfour doctrine.
Then, it was ordained by Papally blessed, thus sanctified in heaven, Laude Novae Militae. By the christian ideologue of that bygone age. The NWO/ US hegemony creed today may be different as its based on "manifest destiny", but the elitist MIC/capitalist breed and the hubristic, colonial mindsets are the same. History rhymes bigtime. GWB in many ways played at being the new Saint Louis in clash of civilization meme; to disguise his oil hegemony greed in red crossed Templar sanctification.
That the Sauds and Qataris et al. are surrogates to this construct is evident; that there is objective collusion of interests between Israel and Sauds to defend the oil riches of the post 1945 handshake and joint venture of Pax Americana and Muslim Mecca is also a given.
That the resulting NWO and outsourcing meme under Reaganomics/Thatcherist big bang construct has led to massive outsourcing and wealth transfer to new nations, at the expense of first world welfare state deconstruction and middle class erosion; that this dynamic having gone viral in oligarchy greed has spawned a new neo-feudalist order and threatens the demise of democracy; is a given as well.
As we see it unfurl in current capitalist decay in front of our eyes it is all now a fiat fed and private banking cesspool generated disease that is bringing down the political constructs of nation states.
ZH like others give to world these hard facts poured in concrete, as historic financial evidence of whats up ahead as potential effect of past devastating causes.
That this impossible construct of financial thievery and political villainry, joining hands in unethical alliance, has caused both mayhem in the ME nations of Asia and recurrent tragic "blow back" in first world, as today in Boston, is also a given...and it will not end well...as the hidden agendas of these diverse elites are not one and the same. Centripetal forces like entropy accumulation are a bitch in all human constructs; just look at those empires of old.
By the looks of it its a toss up between a "hard slog" in current doldrums or "the unimaginable" in worldwide cataclysm.
But, in no way can cause and effect of our coming potentially Sarajevo moment in first world meltdown be reduced to the cliche that you use as expression of your geopolitical truism.
The tail never wags the dog.
GERARD DE RIDEFORT - MARTYR OR MADMAN?
Read this, its more entertaining on same theme :
Pech Souleila: Sidi Kafir: Amazon.co.uk: Falakpema: Books