Dr. Jim Willie Interview / Grexit Concerns, US Economic Implosion… More
FinancialSurvivalNetwork.com
May 4, 2015
Dr. Jim Wille: www.GoldenJackass.com
1) What are the main pressure points in Greece these days ??
– Turkish Stream coming to the Greek border, significant revenue for nation
– Russia entering the picture with military bases
– finally Athens has leverage in debt negotiations
– Greece is model for debt resolution, since Italy & Spain have 10x population
2) Russia & China will establish greater trade, what are consequences ??
– their annual trade will increase to some $200 billion annually
– look for trade settlement in RMB, to add to its global legitimacy
– sharing CIPS bank transaction system, Union Pay credit card, debt rating agencies, more
– they are setting the Eastern standards
– next they might shock the world with huge gold reserves announcement (perhaps secret still)
– RMB will be the transition vehicle for Gold Trade Notes as letters of credit
– RESET is truly on the horizon, argued & pushed & resisted but it will happen (likely in 2015)
3) What is your take on the Chinese with Intl Monetary Fund and SDR revised basket ??
– the Reformed SDR basket was to include RMB, Yuan, Gold, Silver but then Ukraine War hit
– my belief is that SDR will add the Chinese RMB in a brilliant stroke by Beijing
– Beijing will seed the entire major nation banking system with RMB bonds
– maybe more than just Chinese Govt Bonds, like UKGovt bonds in RMB denomination
– China has risks with debt and paper asset market bubbles, even property market bubbles
– but China has no external debt and 25,000 tons in gold reserves
– transition to come: from SDR inclusion to Gold Trade Note then later gold-backed RMB & Ruble with perhaps a full set of BRICS gold currencies
– the global financial structure desperately seeks a solution
– RESET is a misnomer for Return to Gold Standard, manifested in the Trade Ramps
– if IMF SDR basket becomes the new reserve currency for global banking, then shock to me
– if USTreasurys are pushed out of global banking reserve system, then RMB in, Gold in
– to be sure, China took control of the IMF in 2013 (to exploit it, not shut it down)
4) US Retail chains are in the midst of a colossal slam.. what is going on ??
– USEconomy still has more retail space at work per capita than any other nation in world
– just the beginning, or better described as middle stage in collapse
– remember the morons at the helm, claiming US consumption powers the economy
– consumption does NOT power economy, but rather business investment (lost capitalism)
– big shock will come when Sears shuts down, possibly this year
– major US Retailers closing 6000 stores permanently, announcements made recently
– assures QE to be permanent, as even Fed Governors have begun to admit
