Monthly Archives: May 2014


Bix Weir

  • Today at 5:46 PM


  • Andy Valisalo

 If you’ve followed my work for long enough you know that I have railed against the US Mint and the US Treasury for putting Silver Eagles on limited allocation. At first they did it illegally and then they changed the law to make it legal and subject to the whim of the US Treasury Secretary. Today they just announced the END OF ALLOCATION!!! “Effective Monday, June 2, 2014, the United States Mint’s American Silver Eagle bullion coins will no longer be subject to allocation. For the first time in more than sixteen months, authorized purchasers will be able to order the coins without limitations.” So let me get this straight. With US Silver Eagle demand stronger than ever and the price of silver lower than it’s been in YEARS the US Mint is now REMOVING all restrictions on the amount of Silver Eagles the public can buy…THIS IS HUGE!!!  The reason this is so big goes way back to the purpose at the inception of the Silver Eagle Program in 1987 by none other than Barney Frank. Barney, working with the Good Guys, made sure that the US Silver Eagle Program law stated that the coins were to be  produced in “quantities sufficient to meet public demand”.  US Mint Must Pay More For Silver…BY LAW!  That means that the US Mint is REQUIRED to produce as many eagles as ordered…NO MATTER WHAT THE PRICE! It was all part of the Silver Eagle/US Dollar end game which I have talked about many times…. US Silver Eagles Articles on RoadtoRoota.com Add this to the end of the Silver Fix and you should be able to put the pieces together… The US is FINALLY going to let the price of silver rise to DESTROY the banking Cabal and ultimately return us to a true Constitutional Monetary System. TIME TO WAKE UP SHEEPLE!! If you have no idea what I’m talking about you need to study up quickly… The Road to Roota Theory May the Road you choose be the Right Road. Bix 

The fan is going to take a beating, or…… how’s it go?

Thursday, May 29, 2014

Rumblings in Precious Metals Markets A Sign of Coming Monetary System Collapse


Jeff Berwick 
Activist Post

Precious metals headlines have spiced up in recent weeks as continuing evidence of the reverberations of The End Of The Monetary System As We Know It (TEOTMSAWKI).

The closing of the London Silver Fix, gold manipulation lawsuits in New York, Austria wanting to audit its gold held by England, Barclays being fined over gold manipulation, and China wanting more of a say over the gold price are all indicative of the coming US dollar and fiat currency collapse.


An announcement on May 14 that The London Silver Fix would, after August 14, 2014, no longer operate came as a great surprise to followers of the gold and silver market.

Exclusive: Bush Committed War Crimes Says Ex-Counterterrorism Czar Richard Clarke

He does mention Hague.

This will air next week. It’s messy, it’s Bush.

A Global Currency Reset

Changing the Architecture of the Financial World

By JC Collins


Over the last few years an urban myth of sorts has been slowly building which speaks of an imminent reset of all the worlds currencies.  It is expected that in one fell swoop the exchange rates of currencies will be adjusted with huge potential windfalls from specific currencies.

These currencies, namely the Iraqi dinar, Vietnamese dong, and a handful of other devalued currencies will reset at extreme exchange rate swings leading to riches for all who hold the currencies.

In fact, whole online communities have been built up around this myth.  These communities feed on the hopes and dreams of those who believe such things can happen. Reading these sites is like a trip down despair road where the shoulders are littered with the downtrodden and ignorant who can do nothing but dream and risk all in their pursuit of unimaginable riches.

Many times I have attempted to hint or insinuate where the source of this myth can be found.  In the SDR and New Bretton Woods series we explored the advancement of the multilateral financial system structured around the SDR of the International Monetary Fund, including the broad level of support from all countries and international institutions in the implementation of such a system.

In Part Three of that series, sub-titled The Real Global Currency Reset, we explained how the sovereign debt crisis and growing social  unrest in countries around the world will be used as a part of a Hegelian Dialectic to guide and condition the masses to accept the rise of such a financial regime.

The post titled The New Exchange Rate System explored the structure of the currency component surrounding the emergence of such a multilateral system.

Every week I receive messages from readers asking about this reset and what the new exchange rates will be.  It can be assumed that many of these questions are coming from the same mindset as those who wander the wasted plains of dinar and dong land.

In fact, some of these sites faithfully reblog the articles which I post here and many of the commenters on those sites are able to see through much of the fantasy surrounding this supposed “event”.  Yet still, for everyone which can see the unreality of get rich quick scenarios, there are thousands who do not.

But all myths have their origins based on some real world fact or situation, and the global currency reset is no different.

Throughout the history of the world financial systems have been reset, rebuilt, restructured, and redesigned untold times.  Empires and their currencies rise and fall with the crashing waves of predictable patterns, as can be seen in the mass migration of people from regions of the world as they chase the ever moving wealth of humanity.

During periods of empire transition it is likely that many different financial scenarios can play out.  The world is now well into such a period of transition.  But like geological movements the process is slow and builds towards an inescapable moment when a jarring motion takes place which forever alters the landscape.

To fully understand what such a jarring motion could look like we must first have a working knowledge on how the pressure has built up.

It will be the readers responsibility to ensure they understand what is meant by fiat currencies and fractional banking, as well as Keynesian Economics and the process of debt creation as a method of expanding the money supply.

Since money creation is realized by unregulated debt expansion, what is referred to as the global currency reset, or emerging multilateral financial system, is in fact the changing of the international financial architecture surrounding the restructuring of debt, both public and private.

Many reason that debt is not money itself but only a charge against future money.  This debt or future money can be spent for todays benefit.  But this is not as simple as it first appears.

Based on the debt expansion model of money creation it is acceptable to state that all money in circulation has been created through the debt expansion process.  So our simple explanation above also works in reverse – today’s money is yesterdays debt.

Since debt abounds we can reason that there is a debt problem for which there is no other solution but default or restructuring.  For where will the money come from to pay the debt if not from more money which has been created through the debt expansion model.

So the two solutions are default or restructure.  Default, or debt treatment, is something sovereign debt managers are extremely motivated to avoid.  The goal is to maintain debt growth at the same rate as economic growth.  So if the economy grows by 2% a year than the money supply should also grow by 2%.

Unregulated debt expansion has so skewed this economic balance that the whole world is on the verge of a sovereign, being public, and private debt crisis the likes of which the world has never seen.  Debt has been allowed to grow faster than the economy by multitudes over the debt terms and as the debt becomes more and more due the problem becomes increasingly more and more dangerous.

When we say debt, it is meant to include all debt, public and private.  This means the governmental debt, which is called sovereign, and the private debt, which consists of credit cards, car loans, mortgages, etc..

Consider the sovereign debt the macro and the private debt the micro.  On an individual level debt has expanded at a faster rate than the income and money supply of the individual.  Same model as the sovereign macro.

So when the money supply is not growing as fast as the debt repayment demand there are only two options which make any sense, default or restructuring.

A third option is to keep increasing the money supply, which is inflation, but this only compounds the problem, as we have seen happen since the crisis of 2008.

Considering the reluctance to default on debts or continue printing more money, we are left with the option of restructuring.  Now when it comes to debt restructuring there are two methods of restructuring.

One is a rescheduling of debt.  This applies to workable debt only.

Two is debt stock reduction.  This applies to unsustainable debt.

Before moving on we must fully understand what is meant by the terms inflation and deflation.

Inflation is when the money supply expands and the value of money decreases.

Deflation is when the money supply contracts and the value of money increases.

We know what happens in periods of inflation because we are living it today.  But what happens in periods of deflation?  With deflation we will see goods and services become less expensive.  This is what happened in the depression of the 1930′s.

Think of it like this, deflation is the contracting of the money supply, and since money is debt it can be reasoned that deflation is the contraction of the credit markets.  Which means its harder to get credit cards, loans, and mortgages.  Goods and services are cheaper but there is less money in circulation to pay for those goods and services.  Production decreases and incomes soon follow.

Inflation is the expansion of the credit markets and easy credit was had by all.  This has been our problem.

Returning to the options on the table, rescheduling of debt and debt stock reduction, its time to discuss the SDRM, or Sovereign Debt Restructuring Mechanism.

The SDRM will act as a form of creditor bail-in and help regulate debt.  But when it was first introduced by the IMF shortly after the events of 9/11 the SDRM was tantamount to default, which we know is not market friendly and is to be avoided.

Today the SDRM is considered a method of debt treatment.  Its not called default but all the measures of a default are included in the fine print, such as term out the loans, stop paying back existing creditors, and restructure or repackage the loans as SDR bonds.

Through the SDRM all workable debt will be restructured and packaged as SDR bonds.  The unsustainable debt will be dealt with by a method of debt stock reduction.

What does this mean?

Debt stock reduction is when a predetermined portion of the debt is written off or cleared from the books by some form of accounting trick.  In 2008 Ecuador utilized such an accounting trick when it used its own cash, M1 money supply, to buy up its own debt at a discounted rate.

For the SDRM to be formally brought into play the Executive Board of the International Monetary Fund must agree.  Considering the United States has veto power over the board the SDRM has been locked in limbo since its inception.

As a part of the 2010 IMF Code of Reforms, which we have well covered here, the Executive Board can be restructured and the SDRM passed.

The IMF and G20 have given the United States until the end of the year to pass the required legislation to enact the reforms.  Russia and China, for its part, are living up to the threat of using aggressive measures to begin bypassing the United States and pushing change in the global scene as the year progresses.

Whether the United States agrees to the IMF reforms or not doesn’t matter at this point.  The Executive Board will be restructured and the SDRM will be amended and put into play.

Defaulting on sovereign debt is out of the question and the only path forward is debt restructuring.  This means using the SDRM and the International Monetary Fund.  If not, then why have all countries, including Russia and China, demanded that the 2010 reforms be implemented immediately?

The astute reader will recognize that we are coming out of an inflationary period and heading into a deflationary period.  One usually overlaps the other for a period of time.

It can also be reasoned that inflation and deflation are one and the same, like a 24 hour period, only divided by the night and day.

What is being referred to as the global currency reset is the process of restructuring the sovereign debt of the world through the SDRM.  The workable debt will be repackaged as SDR bonds and the unsustainable debt will be cleared from the books by a method of debt stock reduction.

The currencies and commodities of the world will unpeg from the primary reserve currency of the world, the US dollar, and peg to the SDR, with the Chinese renminbi and possibly the Russian ruble, Canadian and Australian dollars, and a few others added to the SDR basket of currencies.

Other currencies will see their exchange rates change as they are anchored to the SDR as opposed to the US dollar.  What these rates will be are not known outside of a small handful of people.  How could it be otherwise?

With restrictions on cross border capital flows and other methods of  control, holders of dinar and dong may not make as much as they were originally expecting.  Though the possibility of making some is a very real.

In the post Why the Vietnamese Dong Will Reset I made a very strong case for the stability and growth of the Vietnamese economy.  The dong is a traded currency and has the potential to be maintained as the working currency for the Vietnamese people.  The money supply of the dong is extremely large and would have to be reduced by a method of debt stock reduction like in Ecuador, use cash, money supply, to pay down the debt at a discounted rate and balance the books.

This method of money supply reduction could decrease the amount of dong in circulation and allow the remaining dong to be anchored to the SDR at a reasonable rate based on the countries economic indicators and growth.

Its interesting to note that it appears the United States, or the banking interests represented by the dollar, are now abandoning Vietnam to forces outside of the dollars control.  See The American Dollar is Dumping Vietnam.

Other analysts and commentators are beginning to suggest that the dollar is also in the process of abandoning its traditional allies in Europe as Germany moves closer to a currency agreement with China, as does Canada, Australia, and other countries.

The pattern and process which we have been explain and describing here since January is unfolding as expected.  All events fit within the parameters of the Hegelian Dialectic which is moving the world to accept the multilateral financial system structured around the SDR.

There is no true west versus east battle playing out.  It is scripted.

And all the conspiracy stories about goods guys overthrowing bad guys is just foolish and childlike in its parable structure and actualization through storytelling.

Those who proclaim everyday that the dinar or dong are about to reset and make everyone rich are selling fables of the highest order.  Understanding history and the fundamentals of how the architecture of the financial system is going to be restructured is the only way to fully comprehend the so-called global currency reset.

It is wise to remember that unearned wealth is very destructive.  If we are moving from a debt based financial system to a production based financial system is it reasonable to expect unearned wealth from a small dinar and dong investment?

Maybe that will happen for some, but be careful what nightmares you externalize from within yourself because you will likely have the ability to realize them all.

Stock debt reduction and debt rescheduling can help us understand this reset in terms of Keynesian Economics.  But what if Keynesian Economics is going to be discarded?  What if the architecture of the financial system is going to be so drastically changed that faulty Keynesian Economics become something akin to bartering with sticks and rocks?  Time will tell.   – JC




The Shocking Truth the History Channel Can’t Broadcast

Here’s the promised interview and recap of what was banned from the History Channel. If you’ve been a Road to Roota subscriber for long enough this is not new information, but I forget sometimes that many people have not been on this path as long as many of us have. Here’s what Sean at had to say…

“The interview you are about to hear contains some of the most shocking information we’ve ever heard. Our friend and fellow precious metals researcher Road to Roota’s Bix Weir was recently interviewed by History Channel 2 for THREE HOURS as part of their new documentary style series America’s Book of Secrets. The information Bix shared with them on camera was to be aired in the episode titled America’s Book of Secrets: Secret Underground. What Bix said on camera was so shocking, after the interview the entire crew told him that they were going to pull all funds out of their bank accounts. But when Book of Secrets: Secret Underground aired, Bix had been cut from the show — Not one word Bix shared with them was allowed to be broadcast. But you can know it all right now… Find out the shocking secrets the History Channel could NOT broadcast.”

For more info on the DTCC just click on the Roota search I linked below:

Also, here’s an old article on some of the DTCC information I discuss in this interview:

The Unknown 20 Trillion Dollar Company

May the Road you choose be the Right Road.

Bix Weir



The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High

The bubble has increased since 2008, WHY?  “You see, the truth is that virtually none of the underlying problems that caused the last financial crisis have been fixed”.

Bank of America on a hook for 38 Trillion Dollars. That is the LOW.

Goldman Sachs, 48 Trillion, that is 460 times greater than their total assets.

Citibank,  62 Trillion

JP Morgan Chase 70 Trillion


The global derivatives bubble is now 20 percent bigger than it was just before the last great financial crisis struck in 2008.  It is a financial bubble far larger than anything the world has ever seen, and when it finally bursts it is going to be a complete and utter nightmare for the financial system of the planet.  According to the Bank for International Settlements, the total notional value of derivatives contracts around the world has ballooned to an astounding 710 trillion dollars ($710,000,000,000,000).  Other estimates put the grand total well over a quadrillion dollars.  If that sounds like a lot of money, that is because it is.  For example, U.S. GDP is projected to be in the neighborhood of around 17 trillion dollars for 2014.  So 710 trillion dollars is an amount of money that is almost incomprehensible.  Instead of actually doing something about the insanely reckless behavior of the big banks, our leaders have allowed the derivatives bubble and these banks to get larger than ever.  In fact, as I have written about previously, the big Wall Street banks are collectively 37 percent larger than they were just prior to the last recession.  “Too big to fail” is a far more massive problem than it was the last time around, and at some point this derivatives bubble is going to burst and start taking those banks down.  When that day arrives, we are going to be facing a crisis that is going to make 2008 look like a Sunday picnic.

If you do not know what a derivative is, Mayra Rodríguez Valladares, a managing principal at MRV Associates, provided a pretty good definition in her recent article for the New York Times

A derivative, put simply, is a contract between two parties whose value is determined by changes in the value of an underlying asset. Those assets could be bonds, equities, commodities or currencies. The majority of contracts are traded over the counter, where details about pricing, risk measurement and collateral, if any, are not available to the public.

In other words, a derivative does not have any intrinsic value.  It is essentially a side bet.  Most commonly, derivative contracts have to do with the movement of interest rates.  But there are many, many other kinds of derivatives as well.  People are betting on just about anything and everything that you can imagine, and Wall Street has been transformed into the largest casino in the history of the planet.

After the last financial crisis, our politicians promised us that they would do something to get derivatives trading under control.  But instead, the size of the derivatives bubble has reached a new record high.  In the New York Times article I mentioned above, Goldman Sachs and Citibank were singled out as two players that have experienced tremendous growth in this area in recent years…

Goldman Sachs has been increasing its derivatives volumes since the crisis, and it had a portfolio of about $48 trillion at the end of 2013. Bloomberg Businessweek recently reported that as part of its growth strategy, Goldman plans to sell more derivatives to clients. Citibank, too, has been increasing its derivatives portfolio, despite the numerous capital and regulatory challenges, In fact, its portfolio has risen by over 65 percent since the crisis — the most of any of the four banks — to $62 trillion.

According to official government numbers, the top 25 banks in the United States now have a grand total of more than 236 trillion dollars of exposure to derivatives.  But there are four banks that dwarf everyone else.  The following are the latest numbers for those four banks…

JPMorgan Chase

Total Assets: $1,945,467,000,000 (nearly 2 trillion dollars)

Total Exposure To Derivatives: $70,088,625,000,000 (more than 70 trillion dollars)


Total Assets: $1,346,747,000,000 (a bit more than 1.3 trillion dollars)

Total Exposure To Derivatives: $62,247,698,000,000 (more than 62 trillion dollars)

Bank Of America

Total Assets: $1,433,716,000,000 (a bit more than 1.4 trillion dollars)

Total Exposure To Derivatives: $38,850,900,000,000 (more than 38 trillion dollars)

Goldman Sachs

Total Assets: $105,616,000,000 (just a shade over 105 billion dollars – yes, you read that correctly)

Total Exposure To Derivatives: $48,611,684,000,000 (more than 48 trillion dollars)

If the stock market keeps going up, interest rates stay fairly stable and the global economy does not experience a major downturn, this bubble will probably not burst for a while.

But if there is a major shock to the system, we could easily experience a major derivatives crisis very rapidly and several of those banks could fail simultaneously.

There are many out there that would welcome the collapse of the big banks, but that would also be very bad news for the rest of us.

You see, the truth is that the U.S. economy is like a very sick patient with an extremely advanced case of cancer.  You can try to kill the cancer (the banks), but in the process you will inevitably kill the patient as well.

Right now, the five largest banks account for 42 percent of all loans in the entire country, and the six largest banks control 67 percent of all banking assets.

If they go down, we go down too.

That is why the fact that they have been so reckless is so infuriating.

Just look at the numbers for Goldman Sachs again.  At this point, the total exposure that Goldman Sachs has to derivatives contracts is more than 460 times greater than their total assets.

And this kind of thing is not just happening in the United States.  German banking giant Deutsche Bank has more than 75 trillion dollars of exposure to derivatives.  That is even more than any single U.S. bank has.

This derivatives bubble is a “sword of Damocles” that is hanging over the global economy by a thread day after day, month after month, year after year.

At some point that thread is going to break, the bubble is going to burst, and then all hell is going to break loose.

You see, the truth is that virtually none of the underlying problems that caused the last financial crisis have been fixed.

Instead, our problems have just gotten even bigger and the financial bubbles have gotten even larger.

Never before in the history of the United States have we been faced with the threat of such a great financial catastrophe.

Sadly, most Americans are totally oblivious to all of this.  They just have faith that our leaders know what they are doing, and they have been lulled into complacency by the bubble of false stability that we have been enjoying for the last couple of years.

Unfortunately for them, this bubble of false stability is not going to last much longer.

A financial crisis far greater than what we experienced in 2008 is coming, and it is going to shock the world.

Who told you that?

Thanks, Bill.

Words from my long time friend Bill W, reply below and I’ll get you in touch with him.

Who told you that?


Do you ever question who told you that when things do not seem to go your way? Who told you that when things do go your way? Who told you that is a very important question that most of us do not ask ourselves. Someone else told some of the very foundations of things we believe to be true to us. Do you ever question this?

Can they be just telling us some things that someone else told them? It could be, you know, that just like they said the earth was flat only a few hundred years ago.


Mans’ accumulated knowledge is doubling so fast now we cannot even keep track of it. I found this question “who told me that and by what authority do they speak” to be a very powerful influence in my awakening. I refer to my spiritual awakening, which seems to be more awakenings bit by bit as I listen. Who told me that? Was it the still small voice? Was it someone screaming in my face that I should accept his or her way? Pursuit of the truth has become an inside job for me. I no longer rely on what “they” say. I did that for a very long time.


 I remember believing in Santa Claus and I remember when they told me it was fantasy. I remember believing I would go to some place called hell if I ate meat on Fridays. I could buy my way out with a few plenary indulgences of course. God, out there somewhere, was watching me and keeping track. I believed I had to pray to God so he would change things for me. God please give me a little red wagon. The preceding words are not meant to be critical of anyone’s spiritual beliefs. I would re-iterate here that I am dedicated to the spiritual freedom of everyone on the planet.


 The subject here is who told you that and on what authority. All authority comes from the One and is the One and that One lives in you and I. No man woman or child or saint or sinner can intercede for me with which is already me. God is expressing Itself as me and as you. I believe that, in fact I believe that came to me in the Silence.

Who told me that? The Higher Self that is my True Self?

 No one can block your communication with God except you. I share only my experience nothing else. I started out by telling God I would like to get to know Him. I asked Him to reveal Himself to me today. I still do this daily and I see Him in “Just You”. He is not out there in His heaven. He is in there, in “Just You” and every one you can see and everything you can see. He is in all you cannot see as well. Listen, listen today, get still He has something to tell you. Then when someone asks you “Who told you that”? You can smile and they will know. Do not try to tell them. Keep your secret safe. Those who do not know will try to convince you their way.

“Just You”