Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar
BY VOICE OF REASON
THELASTGREATSTAND.COM
FRIDAY, JUNE 3RD, 2016
In this week’s installment of “Happy Talk, with Dr. Jim Willie,” the topic of conversation takes a lighter tone than usual, and Dr. Willie talks about how the U.S. economy is entering it’s final death spiral as it does its level best to vaporize the financial well being of not just individual families and businesses, but also the big banks, and the U.S. Dollar itself.
As evidence that the U.S. economy is finished, along with the Dollar, and just about everything denominated in U.S. Dollars, Jim points to the non-existent capital formation that would exist if we had anything that even remotely resembled a recovery. Instead of capital formation, we sure are getting lots of pure “fictional formation,” compliments of all Obama’s lies, Rather than banks lending capital to business looking to grow, or assist businesses with cash flow needs, big banks are diving deeper into rescuing (or trying to) their financial engineering commitments.
Gone are the days when banks invest in capital and equipment, and instead the hollow towers as Jim calls them, they borrow from the fed at or near 0%, and invest the money in U.S. Treasures yielding 2%, all but eliminating the need for their own employees. Rather than capital formation, banks have become well versed in casino formation, because after they invest in the U.S. Treasuries, they buy futures ton top.
While the hollow towers play the casino games the Fed has opened for business, companies like Intel, Microsoft, and IBM are laying off 15,000 employees a piece on average which has the effect of absolutely devastating families. The country my generation (Gen X) grew up in is DEAD! What’s worse, is we haven’t even hit the rough part yet. Sooner before later, the economic times we’re in right now are going to look like Camelot compared with what’s coming.
The Rest…HERE
