Elijah Muhammad’s take on today’s monetary mess and fiscal insolvency….

Incase you forgot about it, here is something that was stated decades ago…well over 50 years ago by Messenger Elijah Muhammad on the state of economic and monetary affairs and the state of America’s gold/silver and the outlook for her fiat currency, the US dollar. I might add. This preceded every financial investor and pundit of today!

I warn you to listen good. Pay close attention. This forethought and wisdom of the time is mind blowing.

 Jim’s Mailbox

Extremely intelligent people do not ask stupid questions therefore this question demands an answer determined by assuming a logical thought pattern under circumstance presented based on the premise in finance today, “Never say Never.”

Dear most respected colleague,

That seems quite absurd. However, everything today in markets is absurd. There is a strong premium in the new physical gold markets in the East, which might give rise to such a strange rumor.

I am not sure its would make sense because there is powerful demand for physical in the East (India went to USD $3000). When you stop incoming supply which way internally does any item move? In India gold went to USD $3000 on a lesser event. In China, I would say blockage of gold imports and gold internally goes to USD $5000 there. In the paper market the gold disappears in price, but to what purpose other than one hell of of black market arbitrage. You would have a USD $4090 difference between western paper gold markets and eastern physical gold markets. No power on Earth would stop that arbitrage.

You have to have the physical to make delivery in the newly listed Eastern physical market gold. So inside China physical heads for $5000 is as crazy as that seems. Maybe Shri Modi is taking the position of head of the China central bank.

Comex paper gold is offered at $10 per ounce. Eastern listed physical $5000 bid, none offered. Net Jet business booms. Come warehouse empties, the paper gold market no longer functions.

Comex warehouse collapses in 90 days after Comex contracts unilaterally notated, like during the Hunt Crisis.

The price determination mechanic of gold shifts from paper to physical in 90 days. Massive confusion among gold and silver manufacturers of OTC derivatives. The only result of such an action would be to create one hell of a mess and a Market Reset of the currency system in 90 days with Russia and China in charge.

Then Trump would have the opportunity to move back to the gold standard of a sorts with the paper players having no market to manipulate. That is assuming that there is any gold fungible in the US Treasury holdings.

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