James Dines – Government’s Theft Forcing Violent End
With gold and silver on the move along with stocks, today King World News interviewed legendary James Dines, author of The Dines Letter. Over five years ago James Dines said to me in an interview that before this cycle ends all fiat currencies would go to worthlessness. This was an amazing call on his part because within months of that interview we began to see competitive currency devaluations erupt. When asked about the collapsing purchasing power of currencies, Dines stated, “It started with Japan. They pushed the Yen down against the US dollar so they could compete more aggressively. I said this would be a game of competing currency devaluations because other countries say if we make our currency less valuable that means we can sell more stuff overseas.”
James Dines continues:
“So other countries began doing it and finally America began doing it. President Nixon let the dollar float, the dollar plunged and suddenly America became competitive. The whole world is doing it now. What I previously labeled the currency devaluations is now in its final stages.
Everybody has interest rates as low as they can. Japan has been buying up a lot of dollars and if the dollar crashes they are in really big trouble. So it’s a mess.
Currencies are the lifeblood of the system. If the currency is corrupt then everything that currency touches is also corrupt. That’s what’s really bothering the world and this is why you are getting all of these riots in different places. It’s all part of the same phenomenon, it’s the currency. They don’t get that it’s one organic whole, one organic expression of the currency being embezzled by printing too much money.