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Dollar Ready to Die
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Author:  Luckyspin [ 23 Jul 2014 11:51 ]
Post subject:  Dollar Ready to Die

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Financial newsletter writer, Dr. Jim Willie, says, “The dollar is ready to die . . . I think the funeral march starts this year. I have been saying the year is not going to close out the way it started.” What will Americans increasingly see coming as the dollar crisis picks up speed? Dr. Willie says, “I think they are going to see pink slips from their employers. I think they are going to see higher prices for fuel and food. I think they are going to start to see advertisements for jobs from Chinese run companies on U.S. soil. We are losing our country. I think we have already lost our country. . . . We’re going to lose our ability to make decisions independently now. When decisions are made on various fronts, I think we consult the Chinese. I think the Chinese have been consulted regarding the Ukraine action. I think the Chinese have pretty much ordered the divorce between the Saudis and the United States. We are losing control of our country.”

On global events that include politics and money, Dr. Willie, who holds a PhD in statistics, says, “Isn’t it interesting that every month we have an acceleration of events. . . . Ukraine was a trap and the United States walked into it. Now, we are seeing the quagmire. Next, we will lose NATO. In Iraq, a similar thing has happened; but in the Arab world, a trap has been set and the United States is walking into it. The result is going to be very fuzzy and uncertain, but I can guarantee you it will not be favourable to the Obama Administration and their relationship with the Pentagon. . . . When you get right down to it, the United States funded and trained both sides of the conflict. Now, we’re caught with the consequence of that. What we trained secretly and funded secretly to attack Syria, as our allies, they are attacking our other allies in Iraq. So, the United States is on both sides, caught in the middle, and walking into a trap.”

A big ongoing theme of Dr. Willie is the world moving away from use of the U.S. dollar in global trade. It is accelerating, and Dr. Willie contends, “It’s becoming a parade, and the U.S. is going to succeed in isolating 90% of the world, and in doing so, will isolate itself. You can’t sanction the whole world that does not want to use the dollar. If you do that, what you do is define the non-dollar world. You crystalize it. You bring it into shape and enable its birth. That’s what the United States is doing. We must focus on the fundamentals. The dollar is toxic. . . . We have ‘quantitative easing’ (QE) and unsterilized bond monetization; in other words, using printing press money to sustain Treasury bond demand–that’s toxic. That goes against everything central bankers taught for 70 years until 2008. So now, they are purveyors of heresy. It makes the dollar toxic because all the assets are mispriced. You have Wall Street fraud that is largely permitted. . . . So, we have derivatives, Wall Street fraud, QE, 0% interest rate, and endless war to defend the dollar. We’re to the point now where it is quite clear that nations who announce they want to get off the dollar are declared terrorists, and we wage war against them. It is a simple as that, and I have been saying that for three years, and it is finally sinking in to the meatheads who do not subscribe to The Hat Trick Letter.”

Dr. Willie goes on to predict, “London and Frankfurt are being set up to become RMB hubs. That stands for renminbi, which means the peoples’ money. . . . So, China is setting up London and luring them into becoming an RMB hub to do Chinese government bond trading. London loves it. They are a financial center. I believe China is doing that to splinter off support for NATO activity against Russia.”

On the subject of the U.S. supplying natural gas to Europe, Dr. Willie says, “They talk about supplying Europe, but they don’t even have the ability to deliver it to Europe. They don’t have LNG (liquefied natural gas) ships to deliver. There are inadequate European ports to accept. They don’t have pipelines across the Atlantic. What kind of idiot devised this plan? I’ll tell you who, the guy sitting in the White House.”

On the split between the Pentagon and the CIA on foreign military policy, Dr. Willie contends, “Keep in mind, the entire Ukrainian and the entire Syrian projects on the military side were NOT done by the Pentagon. They were done by Langley (CIA). The Pentagon is saying we don’t support all these moves. We don’t want to expand the war. We don’t want confrontation with Russia and China.”

In closing, Dr. Willie says, “We have lost our nation, lost our industry, lost our viability, lost our rule of law and, now, we are relying on attacks on other nations that want to abandon the dollar. What the United States is going to succeed in is isolating 90% of the world and, therefore, isolating itself. It’s already happening in spades, and you can’t stop it.”

(There is much, much more in the video interview.)




By Greg Hunter’s USAWatchdog.com

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