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THE COLLAPSE OF THE U.S. DOLLAR

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.

130 Day Warning 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.

The Motivation Behind The Countdown



Posted By Jim Sinclair On August 14, 2009 @ 12:34 am



Dear Friends,



85 days to go!



…what is the motivation behind a countdown of days for the USDX… 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.



As I understand it there are two things wanted and one thing disapproved of.



The US financial leadership wants, but more so needs, Chinese buying of US Treasury offerings to remain at these levels but more so to increase to offset the wholly unavoidable increase in offering of US Federal Debt.



The Chinese wish to see the USA support the creation of a Super Sovereign Currency as an offset to dependence on the dollar for international settlements and national reserves.



The Chinese rightly feel that the greatest risk to their present dollar position’s valuation is quantitative easing. or simply put, the monetization of one’s own debt by the electronic creation of money for funding yourself.



I am informed that Chinese interests want to see both in 2009.



You will note that the QE program was extended until October, particularly the end of October… 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.



The USA cannot support a Super Sovereign Currency. To do so would be to disavow the US dollar as the universal reserve currency which the financial leadership of the USA still adheres to, seeing this period as only an aberration in the constant.



The USA, due to market considerations, cannot yield to Asia and China as spokesperson for the BRIC on the two criteria required to remain as purchasers of the US Treasury instruments, which is the only real support the dollar presently has…



Tools of timing, some I have not shared with you, indicate a major potential turning point that could easily see a break below .7600 or .7200 coming in the final quarter of this year.



Add this all together and you get a November bull’s eye for a loss of confidence in the US dollar internally as well as externally…



Van Mises, Ricardo and Adam Smith have not been laid to rest by market manipulation. The wind is in the face of business now as a long—term trend. We are returning to basics and moving away from the fancy, complex and fraudulent.



All of this could have been fixed prior to the event of Lehman declaring bankruptcy. Now there are no PRACTICAL SOLUTIONS and NO PRACTICAL EXITS FROM CONSTANT QE.



Pandora’s Box is open, only to be closed by markets as the downward spiral goes to its practical end, a return to commodity money.



We, here, will be proven correct in time and in price.



Respectfully yours,

Jim

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.

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

2. Consideration of the DaVinci Ratio 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.

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. Re: Chairman's Corner - Friday, May 30, 2008

Title: Changes to Tanzanian Mining Law Certain to Benefit Mineral Explorers

Author: Jim Sinclair



Dear Friends:



President Jakaya Kikwete of Tanzania formed a committee last year to review the country's Mining Law. This body has a name that describes its mission and limitations: "The Presidential Committee to Review and Advise Government on Management of the Mineral Sector."



I've had the privilege of reviewing the Committee's recommendations - along with comments from the Chamber of Mines - and have no serious issues with them. What's important to know, however, is that the man who will make the final decision on the recommendations is the President - not the Committee.



Regards,

Jim Sinclair 21. "Petition: Mr. Sinclair should Stop divulging privileged government information and should not have access to them before the Tanzanian General Public:...



"You wrote that you've had 'the privilege' of seeing the yet-unreleased Presidential report on the ailing, corruption-laden mining industry in Tanzania. People are wondering how a foreign investor was able to gain access to a report which has just been turned over to the President by an inquiry commission, before the real stakeholders of the country's mineral resources have had a chance to see it... "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.



"As Sinclair assures all the Western Investors about his first hand knowledge of this probe commitee, our letter should also be distributed to those who were intended audience of Sinclair. Send the letter to Wall Street Journal, Financial Times, New York Times, Economist, Business Weekly to warn everyone who is daring to rape us that we are now ready to fight them and their stooges who are our leader." 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.

