Jim Willie: BRICS 80 Preparing To Take Down The Dollar

Friday, May 9, 2014
By Paul Martin

VidRebel.com
May 8, 2014

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.

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