Jim Willie: Armageddon Coming to U.S. With Trillions Exposed In Derivatives
BY VOICE OF REASON
THELASTGREATSTAND.COM
THURSDAY, DECEMBER 31ST, 2015
While preparing to get the new year off to a great start and doing some organizing, I came across this show with Jim Willie as the guest, and I listened to the entire four hours before I looked at the date. I could tell based on some early comments made that it wasn’t his most recent guest appearance, but I knew it wasn’t too far back either. It turns out it was just before the fall.
Despite the timing, not one thing Jim says is incorrect. He does make a few predictions that the dollar will full on collapse come October/November, which obviously did not come to pass… YET… and what’s so funny, is just because the dollar hasn’t crashed… yet, Jim’s opposition will use that as a tool to say Jim’s incorrect with what he forecasted. WRONG! He just forecasted early. He wasn’t even close to wrong. They’ll learn that the hard way.
Having been a former stock broker myself, there is one thing all money men know, and that is that you can’t predict the exact timing of the markets… not with a shred of consistency anyway. No one can. Jim talks about the decline of U.S. Treasury Bond trading by 60% over the summer and what that means for the Dollar moving into the new year. He also beats the same drum I’ve been beating for 2+ years when he says Americans better enjoy spending the Dollar now, while it barely maintains the privilege of being the world reserve currency. Jim’s prediction in this interview about the Chinese RMB sliding in to at least take it’s place in the interim turned out to be spot on.
The host asks him, “If we lose Global Reserve Currency Status, does that mean…. “ and Jim replies, “Yes, it means third world for the U.S.” Personally, I’ve often referred to when the Dollar crashes as “Mad Max” time, and yet people have the nerve to laugh. What part of third world do people not get? Third world doesn’t mean only watering the grass two days a week. It means there isn’t enough food and water to begin with. It means riots. It means massive violence, so I sure hope you’re doing what you can now to prepare… because it IS coming.
Look, the facts are simple, even if the mainstream media and academia refuses to tell the American people the truth, so they can cover their own hides: It simply is NOT sustainable to go on a Zimbabwe like printing of Dollars for the purpose of monetizing our debts around the world, not when as the reserve currency, dozens and dozens of countries are holding their savings denominated in U.S. Dollars. With every Dollar printed, their savings do down, and the world isn’t stupid… not anymore. They’ve learned since 2008.
WITH THE DERIVATIVE BUBBLE 20-25% BIGGER THAN IT WAS IN 2008, AS MICHAEL SNYDER POINTS OUT BELOW, THAT MEANS THE CRASH WILL BE THAT MUCH WORSE, BUT WITH ONE MAJOR DIFFERENCE: 94 MILLION WEREN’T ALREADY OUT OF WORK LAST TIME.
The Rest…HERE
