Dr. Jim Willie: Americans Will Be Armed With Pitchforks Looking For Who to Blame
BY VOICE OF REASON
THELASTGREATSTAND.COM
MONDAY, JUNE 6TH, 2016
In the following video, Dr. Jim Willie joins Elijah Johnson of Finance and Liberty to answer questions that listeners had previously sent in for Dr. Willie to answer. Not wasting any time, Elijah goes for a homerun with the first question. He asks Dr. Willie about the one thing EVERYONE wants to know: In Dr. Willie’s opinion, what will be either the economic, or the geo-political “triggers” that people can watch out for that would likely cause either the Russians or Chinese to announce their currency will be backed by gold moving forward?
Of course, the reason everyone wants to know what triggers to look for is because any such announcement would lead to the U.S. Dollar crumbling almost instantaneously. Any currency backed by gold would become the preferred method of payment worldwide, because the only thing backing the Dollar is the promise it will be worth less tomorrow than it is today after we’ve printed more money. Understand that for the first five or six years Obama was in office, we were printing over $80 BILLION a month out of thin air. We did that for YEARS!
In his answer, Dr. Willie says he believes the front line of that battle will be in shipping ports around the world. He says countries like China and Russia in particular, but others too, have been patiently waiting for the opportunity to switch their currency to being backed by gold, and the only thing stopping them from doing so is their fear of the U.S. military bombing the hell out of them if they do.
Using ports in China as an example, Dr. Willie says the day is fast approaching when ships will pull into a Chinese port to fill up their shipping containers full of car parts, stereos, iPhones, iPads, or whatever else Americans want, and the merchants are not going to accept the U.S. Dollar to pay for the goods. Why? Think about it. Most of the money the U.S. owes China is in U.S. Treasury Bonds in China’s national vault. They are investments for China.
Every time the U.S. prints more money, we devalue China’s national investment. Then, we hit them again for a loss at the ports because we’re paying for goods purchased there with printed money too. Dollars printed out of thin have the overall effect of devaluing the currency as a whole, which makes the Dollars used to purchase goods at the ports worth less than the agreed upon amount of the exchange.
When the announcement is made Dollars will no longer be accepted, it’s going to disrupt all the supply chains into the U.S., and send our country into a tailspin like never before. Picture Mad Max in your mind. Immediately, Americans will have their pitchforks in hand looking for who to blame as it FINALLY hits them that the United States is following in the footsteps of Venezuela. That’s just the first question for Dr. Willie too. Wait til you hear the rest…
The Rest…HERE
