Jim Willie and How the Loss of the US Dollar as Reserve Currency Affects You Personally
BY VOICE OF REASON
THELASTGREATSTAND.COM
SATURDAY, MARCH 26TH, 2016
In the following video, Dr. Jim Willie is a guest on the Turdville Metals Report before a three day weekend to talk about the turmoil in the financial markets. This particular interview consists of questions from listeners, and 2.5 hours of non-stop Jim Willie. When asked what his biggest and most pressing concern was, anyone who listens to Dr. Willie will not be surprised to learn that he says the big pink elephant in the room as we begin 2016 is the permanence and the apparent infinite volume of QE, which is precisely why countries like Russia and China are angling so hard to finally do away with the the US Dollar as the World Reserve Currency.
As was discussed in, Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; But the US Not Invited, a growing number of countries have been transitioning out of US Dollar based commodity and inventory supply systems, because of monetary inflation being caused by the Fed on the World Reserve Currency. It’s not rocket science here; as Dr. Willie puts it, “When you have over 100 countries with their savings accounts denominated in US Dollars, you just cannot keep printing more dollars… You CAN’T do that he says… YOU CAN’T DO THAT!”
To dumb it down for folks at home, Dr. Willie uses the analogy of two squirrels that are neighbors and one squirrel sells nuts. He says, the other squirrel couldn’t make fake nuts and then start spreading them around town?!?!? Again he yells, “YOU CAN’T DO THAT,” but that’s precisely what the U.S. doing, and the world is fed up with us, so the “squirrels have determined it’s time for an alternate nut in the kingdom,” one that won’t be used to monetize the absurd levels of debt the U.S. has reached.
The Rest…HERE
