China Virus Accelerating End Stage of Fiat Currency Disease – Wayne Jett…”Jett thinks that it is happening now because the Deep State is hitting the global economy and Donald Trump”
By Greg Hunter
USAWatchdog.com
February 26, 2020
Wayne Jett is an accomplished lawyer who has argued cases in front of the U.S. Supreme Court. Jett is also an expert on the Federal Reserve and says all the signs he sees say we are nearing the end of the line for the debt based monetary system. Jett explains, “We are at the end stage of the fiat currency disease, which means they always go to zero. It’s just a matter of how long can they extend it in terms of the way they are able to acquire more hard assets with their worthless currency before it goes to zero for the rest of us. . . . I believe the Trump Administration is on the course towards turning to sound currency, meaning an end to the Fed and meaning something in return to something like a gold standard. My view is the gold standard – period. In that circumstance is how do we get there with the least disturbance in our economy and the wellbeing of our people? We’re going to try to get through 2020 and the election without having to make that change. . . It involves a great deal of displacement in terms of financial capabilities of the population, provision of necessary services, food and accommodations. It is very disruptive. I think the President wants to have a gold standard and a new currency in a ready position. We need to have our current account balance, meaning the amount of goods we buy from abroad should be roughly equal to the amount of goods we sell abroad. We have made great progress on that.”
Jett says the China virus crisis is not a coincidence. Jett thinks that it is happening now because the Deep State is hitting the global economy and Donald Trump in an election year to stop him from winning a second term. Jett explains, “I am quite convinced of it. I think, most likely, there was some communication behind the scenes at some level indicating either you stop these investigations and prosecutions that you are planning . . . or we are going to do this. They got a ‘NO’ on that, and so the so-called virus has been released. . . . The story is China has done this to the world, and I don’t think that is the case because the virus has shut down their economy, and that is the last thing they want to do. Why would they do this to themselves?”
On the Fed, Jett says expect more easy money policies. Jett explains, “I think the current rate of inflation is substantially higher than government statistics would indicate. . . . I would think we are going to get more because of what the Fed is doing presently. This is an unprecedented expansion of the money supply, the monetary base.”
If the derivatives market blows up because of the China virus chaos, will people lose their money in the banks? Jett says, “That is correct. That is exactly what the design is. As a result of the tremendous amount of derivative risk big banks have taken on, it exposes the FDIC, and it would wipe it out in moment. So, there would be another need for another bailout. It would make the $700 billion bailout of 2008 look like chicken feed.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Wayne Jett, author of the popular book titled “The Fruits of Graft.”
