Jim Willie: Americans Are Destitute Now, Wait Until The US Dollar Collapses
BY VOICE OF REASON
THELASTGREATSTAND.COM
MONDAY, APRIL 4TH, 2016
In the following video, Dr. Jim Willie is interviewed by Finance and Liberty, and in the the first question out of the gate Dr. Willie is asked about comments he made last week when he said that QE (Quantitative Easing) and ZIRP (Zero Interest Rate Policy) are NOT stimulus agents to the US economy, but rather they are a death sentence to the U.S. economy. Dr. Willie explains that the Fed is in a real jam. The Fed is completely stuck because it has to employ the global financial derivative machinery, but unfortunately, there is nowhere near adequate demand for Treasury Bonds, so to compensate for that, the Fed keeps printing more money, and in effect “monetizing the debt.”
The whole process started in 2012 with QE, but since then the U.S. Dollar has become nothing more than a giant “whirling dervish” intended to fool people, the only problem is that they’re no longer fooled. Everyone knows the Fed has been counterfeiting the Dollar to finance our wars, and to pay our debts. Under most circumstances, other countries may not care about our devastating economic condition, except that as we print more fraudulent money, we weaken THEIR national piggy banks. That is the primary reason for the advent of the new Chinese Banking System to Replace the US Swift Banking System.
Once countries have successfully transferred out of the US Dollar and our banking system, there will be no more need for the U.S. or the Dollar, and then financial Armageddon begins for the United States. That is why I chose the article below by Michael Snyder titled: One-Third Of All Americans Don’t Make Enough Money To Even Cover The Basic Necessities. As you listen to the rest of the interview with Dr. Willie, and before you read Michael Snyder’s article, remember this: These are the good times. Just wait until we are no longer the World Reserve Currency. God help us.
The Rest…HERE
