Posted on May 8, 2014 by Video Rebel
Dr Jim Willie has been talking about the BRICS nations
(Brazil, Russia, China, India and South Africa) being joined by other nations
to take down the dollar. He says there are now 80 nations in the BRICS alliance
who have joined together to end the dollar’s reign as the international reserve
currency. China could have taken down the US economy any time it wanted to
after it had accumulated more than a trillion dollars in US Treasury bonds. All
it had to do was to sell them and buy real assets until the US government
collapsed and surrendered.
The Chinese are playing a much more sophisticated
game. Their goal is to take down the dollar and the British pound but not to
hurt their customers in Africa, Latin America, Australia and elsewhere. He
thinks a Northern euro will emerge leaving southern Europe and France far
behind. Italy’s future was hurt when they mistakenly decided to send half of
their gold to New York. That gold is in Asia along with the bullion from the
Netherlands and Germany. Dr Willie agrees with Jim Rickards who says the dollar
will be devalued 80%. This will make imported goods 500% more expensive. And it
will also enable foreigners to buy food off the shelves of America and Great
Britain. Please note that the British pound is being targeted by the BRICS 80
as well.
Dr Willie also believes that J P Morgan and other
financial firms in the US and the UK are helping China to manipulate gold and
silver. The Chinese want to buy gold for a low price and spend it at a much
higher price when everything goes to hell and Americans have to sell off their
few remaining assets to feed themselves. He says the London and New York banks
have been sending a thousand tons of gold to China every month since April of
2012. The dollar will collapse and the price of gold will skyrocket when there
is no gold left in London and New York to send to China.
The Federal Reserve balance sheet has grown from $800
billion in 2009 to $3.9 trillion today. That is almost a 500% increase in less
than 5 years. You would think that would be inflationary. But the federal
government lies about employment, economic outlook and inflation. John Williams
at Shadow Stats says the inflation rate is really almost 9%. Since GDP is flat,
the real economy after factoring in the inflation rate is contracting at 9%.
Dr Willie emphasized the collapse in the velocity of
money in the US. Your GDP equals the Money Supply times the number of times
money changes hands (Velocity) in the course of a year. The Velocity of
Money fell from 1.6 in 2009 to .7 today. That is a decline of 56.25% in less
than 5 years. People outside the United States often use media sources not
controlled by the Big Six US Media. These numbers indicate the bottom will fall
out of the market sooner rather than later.
He has zero confidence in Greenspan, Bernanke and
Yellen. If Quantitative Easing (QE) actually worked, why did we replace QE1
with QE2? The figures the Federal Reserve released saying QE was cut $10
billion a month were contradicted by Belgium buying $30 billion in US Treasury
bonds a month. So instead of cutting back ten they added 20.
Look at the employment figures. America supposedly has
an unemployment rate of 6.3%. More than 800,000 people dropped out of the labor
force because there was no work. The Labor Department added 234,000 jobs out of
thin air based upon what is called the Birth Death model. What it means is that
normally small businesses are creating jobs and hiring people. We have to
assume these jobs are out there and these small companies will eventually
report their new hires. Gibberish. This government is doing everything it can
to run small businesses and farmers into the ground so monopolists can take
over manufacturing, retail and agriculture. So what if there are no jobs and
the price of beef, pork, chickens and eggs are going way up. The important
thing is that campaign donors can squeeze the life out of you with every
utility bill or with every trip you make to the grocery store.
If someone tells you the US economy is in recovery,
please tell them that 90% of all new car loans are subprime. This and the
drastically declining Velocity would indicate to me that the American economy
is on the verge of collapse. Foreign manufacturers will have to aim their
product marketing to the BRICS 80 nations after the dollar and the pound
collapse.
Dr Willie thinks the Ukraine will collapse by
September. They have no money. They cut pensions in half. The IMF loaned them
money provided they went to war against the secessionists in the eastern
Ukraine. The US stole Ukraine’s gold. The Ukraine has decided to take a billion
dollars of their IMF loan to buy gold to replace what the Federal Reserve stole
from them. He also thinks that all the sanctions placed first on Iran and now
on Russia have been extremely counterproductive. Putin who is of Jewish descent
had heretofore been reluctant to aid Iran, but has recently been forced to
agree to buy 500,000 barrels of Iranian oil a day. The Turkish banks played a
pivotal role in breaking the Iranian sanctions by setting up gold for oil
schemes. This is evolving into a drive for a regional currency in the Persian
Gulf which will be gold and possibly oil backed.
Jim Willie made reference to the USS Donald Cook, a
destroyer. It was in the Black Sea when a Mig-24 flew overhead and shut down
the American ship’s defenses. That is not a good sign if there is a real
shooting war in the near future.
Panama has lots of gold. They are talking to several
Central and South American countries about setting up a regional currency that
is gold, copper and oil based.
Dr Willie discussed China’s Shanghai Free Trade Zone.
It accepts certain firms as Trusted Traders. What this means is that there will
not be a lot of customs and tax officials going through your shipments. If you
are on the approved list, your goods will flow through freely without
interference. There will be a vigorous trade in gold and silver bullion. And
they will have truly anonymous banking. The Chinese like this so much that they
have decided to build two more Free Trade Zones.
The US dollar is gradually being replaced as the
currency of choice for drug dealers and gun runners. The Big Banks launder a
trillion dollars a year in illegal drugs and weapons. They also launder $500
billion a year in political bribes. If you were a drug dealer, wouldn’t you
prefer to do business in Shanghai rather than in Switzerland which has caved in
to the US Treasury Department? This is highly significant. In 2008 the Big New
York Banks called all the Drug Cartels in the world promising them God only
knows what if they would just send money to their Manhattan branches to keep
the dollar from collapsing. They saved America from a run on the banks. The
Drug Cartels might prefer to keep their money in those new Chinese kilogram
gold bars in Shanghai during the next economic crisis and let the dollar sink.
Even Arab billionaires are joining the Chinese. They
are sending their 99.95% pure 400 and 100 ounce gold bars to Switzerland to be
smelted down into higher grade 99.999% pure gold kilogram bars. These bars will
be the new standard in international trade settlement. China started smelting
the gold they receive from the West down into kilogram bar size. The Chinese
even started a Gulf States initiative with the Saudis. And they promised a $100
billion in investments for Africa at their Beijing Conference in 2010. Obama
has countered the Chinese offer with ‘An All the Drones You Want’ policy that
for some reason is not popular in Africa and the Mideast.
If the US and UK illegal drug markets crater after the
dollar and the pound are devalued, it might be a good time to legalize heroin,
cocaine and marijuana.
Dr Willie stressed the point that to set up a gold or
oil based currency, you will need to have very close and very strong relations
with commodity markets. The Chinese and the BRICS 80 nations are laying the
ground work now and are being accelerated by American sanctions. China in
2013 bought Goldman Sachs’ aluminum and industrial metals warehouses. A
Russian conglomerate bought the Morgan Stanley Energy Desk.
I previously wrote that I believe the devaluation of
the dollar will be on the agenda for the Bilderberg Conference scheduled for
the end of May in Copenhagen with June 1st as their getaway day. The agenda is
set by the Rothschilds and their closest associates in the 30 Ruling Families.
Their agenda is implemented through the Bilderberg Steering Committee. The
other Bilderberg participants are invited to discuss matters until an agenda
item from the Steering Committee is agreed upon. Then everyone goes home and
carries out the will of the 30 Ruling Families. If people around the world see
authoritative articles in the press calling for devaluation of the dollar and
the pound, then investors might be spooked or even stampeded into dumping
dollars prematurely. Usually Hedge Fund managers are smart enough to figure out
that they cannot take on the Federal Reserve. The US government has 2 million
private contractors in the intelligence and security area. And they have 25,000
active duty Special OPs troops to make sure the will of Wall Street is the Law
of the Land. The Federal Reserve is very powerful, but no organization is
stronger than the markets.
There is a steady progression to these events but when
people see the avalanche coming, the momentum towards abandoning the dollar and
the pound will grow exponentially. I see devaluation leading to Hyperinflation
sooner rather than later. At a minimum the euro will split into northern and
southern units assuming the European Union survives. This devaluation of the
dollar will end the US military as the dominant force in the world.
Some of the above views are my own. The video below
allows Dr Willie to speak for himself.
Publicado a 06/05/2014
http://usawatchdog.com/dr-jim-willie-... - Dr. Jim Willie, Editor of The Hat Trick Letter, says
big news on the progress of convertibility of the Chinese yuan is being ignored
by the mainstream media.
Dr. Willie says, "Fully convertible capital
account for the Shanghai Free Trade Zone is an enormous story, and it is not in
the U.S. news. Why, because it signals that the yuan is about to become an
extreme competitor to the dollar in trade settlement and, therefore, rival it
as a global reserve currency. By that, I mean used in banks as a reserve item.
. . . They are making steps; they are more like big strides toward making the
yuan a fully convertible internationalized currency.
You've got lots of
countries with yuan swap facilities. You have Brazil, Australia, New Zealand,
Japan, Germany and UK. These are big countries. These are Western countries,
and they all have yuan swap facilities, which mean they are not going to
conduct trade settlement in dollars. So, it's already in our Western camp.
With
all these developments toward a gold backed currency, you are going to see
quantum leaps in the gold price. You are going to see the big move in gold when
China is no longer going to be able to get London and New York gold."
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