Dr. Jim Willie: We Are on the Brink of World War – Part II (Audio)
BY VOICE OF REASON
THELASTGREATSTAND.COM
THURSDAY, AUGUST 25TH, 2016
If you heard Part I of today’s interview between “End Time Newsman, Rick Wiles” and Dr. Jim Willie titled, Dr. Jim Willie: We Are on the Brink of World War; Americans Are Clueless, then buckle up and get ready for Part II. As always with Dr. Willie, hold on because it’s going to be just as scary to think about, but just as informative!
To begin Part II, Rick Wiles asks Dr. Willie what he has to say about America’s manufacturing PMI report that just came out. Dr. Willie responds by saying:
“Implosion. Absolute implosion. Absolutely no equivocation whatsoever. Take a look at electricity usage. It’s way down. Look at trucking freight, it’s way down, shipping cars, they’re way down. The port facilities have set a record: In 2015, US ports exported 500,000 containers that were absolutely empty.”
Can you imagine? We’ve actually been paying to export giant shipping containers filled with nothing more than stale air. Take a look at manufacturing PMI in the chart below from Zerohedge.com. The numbers are WAY down. Like virtually every major crash before the one that’s coming, all the alleged “experts” from the major banks haven’t even been close in their estimates, and don’t expect that to change.
Dr. Willie explains how 4-5 years of “Quantitative Easing” (aka Zimbabwe style printing money out of thin air), has laid waste and destroyed a tremendous amount of the capital base of the United States economy. More specifically, he explains that the U.S. economy is a feedback loop. The way it works, is you print money, and you buy a lot of bonds. The smart people managing companies, and those managing financial firms engage in hedging, and they do so using hard assets.
The Rest…HERE
