Jim Willie, the Crumbling Global Economy, and the Dollar Crisis
BY VOICE OF REASON
TheLastGreatStand.com
TUESDAY, DECEMBER 15TH, 2015
If you’ve watched the news, John “Rambo” Kerry is in Moscow right now getting ready to meet with Putin for some very tough talks on Syria and the Ukraine, and you can be sure the topic of lifting sanctions on Russia will be a key factor in those talks. In the first video below, Jim Willie is asked right off the bat if the U.S. is responsible (deliberately) for the fall of oil prices which are crushing Russia. According to Jim, there are likely other factors all working together to drive down oil, rather than a systematic plan engineered by the U.S. for the purposes of harming Russia. Falling oil prices are going to bring a world of problems to the U.S. economy here soon enough, as our economy teeters on the brink of oblivion. Here’s why:
What we are seeing, is precisely what Jim Willie predicted in September. The Dollar isn’t exactly “normal” the way other currencies are, and emerging markets are suffering greatly right now. Other currencies around the world trade on their own merit. Because we are the reserve currency, when other central banks intervene, they do so specifically against the dollar. In addition, many countries, (like China) maintain a pegged relationship to the Greenback. Therefore, in a world dominated by interventionist banks, the factors that push the dollar have been inverted. The dollar falls when fundamentals either improve abroad or deteriorate at home. Economic conditions have been deteriorating here at home for some time. Unfortunately for the U.S. and the Dollar, the entire world hasn’t caught on, which is causing them to exit out of equities in mass, and into the greenback for what they think is “security.” That in turn, is causing the value of the Dollar to increase, putting severe pressure on many of the emerging markets fleeing to the Dollar, and oil markets internationally.
The Rest…HERE
