Posted
by EXOGEN on January 4, 2015 at
6:17am
Jim Willie: It's GAME
OVER…The Dollar Is DYING!
C Serpa
I disagree that the US
is driving down the oil price. I also disagree that the Russian economy is in
tatters.
You can't believe
Reuters or Bloomberg. The ruble goes down, and the oil price goes down. This is
the news: There is no
change in the oil price in ruble terms.
My contact in Russia,
who has a son in Moscow, asked him how the import prices are affected. They
have sudden moves up to 10%, but they go down in a couple of weeks. That
means the Russians are cleverly managing their reserves with 160 down to $130
Billion in Treasury Bonds to manage the foreign imports that they pay for with
dollars.
The Russians have no
change in their oil revenues in ruble terms, while they use dollars to assure
their imports, and manage the import prices so that they are just little speed
bumps.
Russia is NOT in
tatters. Putin is sitting right next to a KILL SWITCH.
The kill switch would be
to require, if he chose, all Russian exports of energy and metals to be paid in
either rubles or yuan. Or he could do something that he's already indicated:
All major FOREX currencies that are being used to pay for Russian exports are
immediately converted to gold.
The Russian economy is
neither in tatters nor is it on the verge of falling. Instead, they are
converting all kinds of foreign revenue into gold.
Russia in not weak.
They've got over 25,000 tons of gold and NO EXTERNAL DEBT.
What does the US have?
No gold, not much industry and $18 Trillion worth of government debt. Which
country is weak? Which economy is in tatters, the Russian, or the US?
Don't believe for a
minute "official gold data". Russian and China each have OVER 20,000
TONS of gold!
Don't believe that the US have 8,500 tons- they have ZERO tons!
They are robbing the GLD fund, which is
what MORONS invest in, thinking they own gold. And JP Morgan and Goldman Sachs
are robbing it blind to give gold to meet the COMEX obligations. They are running out of gold and the
game is coming to an end in 2015.
I have not said the
system is going to break in Mid-February. I have said that the Chinese New Year
is in mid-February. I said to look for a lot of aggravated pressures and more
evidence of the system breaking by February going into March.
It could come with a big
rise with the gold price or it could be a European phenomenon where they
announce they no longer want to engage in exclusive dollar trade, which will
not just be gold-backed, it will be silver-backed. The rise in the silver price
will be DOUBLE or MORE the rise in the gold price.
Acceleration of Death of
the Dollar
The faster the world can
get away from the dollar, the more likely it is that we get some sort of global
improvement. If we stick with the dollar we're going to get global recession
and depression, followed by the NWO global, fascist state.
Interviewer: And World
War III.
Willie: No, we're not
going to get WWIII.
Interviewer: I say that
not as an alarmist, but as a transition from one currency regime to another,
which is usually accompanied by some big conflagration.
Willie: I just don't buy
the argument. In 10 months of the Ukraine war, we haven't had any
escalation. There's only one thing I'm worried about, and that's a nuclear
accident like Chernobyl. There is a worry about that in Ukraine.
I give Putin credit. He
is our hope to get rid of the dollar, along with the President of China,
without a conflagration of World War. I don't think we are going to get any
nuclear exchanges.
Putin has done another
clever thing. He said he's not going to supply gas to any country that has
hidden CIA torture center prisons. He's courted Turkey, converting the
Southstream Gas Pipeline to the Turkstream. Turkey is on the verge of
abandoning NATO.
Sub
Prime Shale Bond Failure
The falling oil price is
doing far more damage to the US economy than it is to Russia. We are
eliminating the entire shale industry. It's going to be totally dark in a month
or two. That is the marginal employer and producer in the economy.
When the shale industry
dies completely down in a month or two, you will have a sub-prime sale bond
failure. It's going to catch fire across the US bond industry. It's all going
to force Russia, China and 140 plus BRICS alliance nations…
You have all these
reports about the dollar being strong and crude oil falling in price. Crude oil
is not falling in price. The
dollar is dying.
In nominal terms, the
crude oil price is going down, yes. Don't focus on the numbers in the
price, but the dynamics that are pushing it down. You've got lower demand
and a universal broken petrodollar system. The stock market is going up –
it's crazy! It's not reflecting value or profitability. All these things are
going up in value because they are being fed on the paper mache side- the paper
funnels coming from the Fed and all the other central banks, except the
Bundesbank.
This confluence of
rivers is going to force the Russian and Chinese hands to "hurry up"
and come up with their alternative and I think they're first move is going to
be a follow-on for all the different Chinese swap facilities. The first RMB
facility was with Brazil in 2006, now they've got RMB facilities with London,
Germany and Australia in their bilateral trade.
They are not dealing
with dollars AT ALL. You have about 23 different nations, some of them minor,
but many MAJOR, that have RMB (renminbi) swap facilities.
We are now in the
preliminary stage of avoiding the dollar now. They are going to work
toward Letters of Credit that are gold trade notes. The US has blocked all
attempts to return to the gold standard. The other countries are going to come
up with a 'trade solution' to the gold standard. Then all these nations that
participate with the new system are going to realize that they don't need their
Treasury bonds anymore as they are only causing problems.
This is the
Russian–Chinese plan. They are going to get a back door to re-install gold
as the standard in trade. When that happens the dollar will totally be
discarded and no one will want it.
Then the US will not be
able to import items and pay with Treasuries.
The US has set itself up
for failure by getting rid of its industry by outsourcing. Now, the other
nations that have the industry that are supplying the US economy are
participating in the BRICS alliance and they are lined up with this gold trade
note system.
Russia and China have
set up a new SWIFT banking system, a new gold trade system with letters of
credit and they've got their own debt-rating services that are going to declare
the US government TOXIC junk bonds. They've also got their own
credit cards. They don't need VISA and Mastercard – they have Union Pay. There are more customers
using Union Pay than Mastercard in the world.
The US is going to
qualify as a third world nation and we are going to see Russia as the leader in
Europe.
I can't say enough about the positive strategy of Russia. They are working
toward gold standard platforms.
Interviewer: "We've
had some significant things happen in 2014. I was saying that they can't stop
QE, and it appears from the overt standpoint, that they have. Interest rates have
stayed down. Is that the trend we're going to see going into next year?
QE Did not End, It Just
Changed Offices
Willie: I think so, and what we
have is these twin towers, the dollar and the Treasury Bonds - they're toxic.
People think the dollar is strong now. But that's wrong. The dollar is toxic
because we're printing somewhere like a minimum of $30 Billion a month to maybe
as much as $300 Billion a month. We're covering the US government debt, which
is TOXIC. This is what third world nations do.
We've got these twin
towers of toxic money and bonds. And they're leaking, so the whole world is
damaged.
They TALKED about ending
QE, and then the next thing you know, the Bank of Japan announced unlimited
QE. That's your indication that QE did NOT END. It just changed
offices. We've stolen the 1.2 Trillion dollar Japanese pension fund.
East
Asian Currency War
The Japanese are doing
something clever, which I didn't expect. They're dropping their prices, so they
don't have such a big impact on their neighbor competitors. They are reducing
their revenue stream. But they can't avoid the currency war because the
Japanese Yen is not done going down.
Economic Growth-We're in
a Full-Blown Multi-Year Recession
I don't believe for a
minute this Q3 growth story, they make me laugh! So you've got all these retail
chains, companies like Cisco announcing lay-offs, Sears and WalMart in trouble,
all these companies are going down, yet the economy is rising. What I think is
there's an acceleration downward in the GDP for about 4 consecutive years. I am
talking about a 20% reduction in the US economy. That's what a depression does.
We fixed nothing.
It's a full-blown
multi-year recession.
Clash in Statistics
We've got a 4-fold rise
in the money supply and a 4-times more balance sheet at the Fed. They are the
holder of last resort for these toxic Treasury Bonds, so they're wrecked!
That's why they sold the controlling interest to China.
Here's the clash: The
money supply is UP 4-fold, but the money velocity is DOWN 50% since 2007. You
NEVER see that in growth times. NEVER. In fact, it if drops 10 or 20%, it's
called "on the edge of a depression." So what if it's down 50%? It's
a full-blown multi-year recession.
Here's the consequence
to the currency world: If you've got this 4-fold increase in the money supply
in the Central Banks holdings of the toxic US government debt, the propaganda
comes out that there's not enough gold to cover all this money. We can't go on
a gold standard. Which I say is a bunch of BS.
Because you increase the
gold price 4 or 5-fold to 5 or $6,000 oz. to compensate for the 4-fold
increase
in the dollar money
supply. That's the kind of thinking Wall Street doesn't want to
hear.
pThey will never stop
the zero percent interest rate because it feeds the system for the long term
Treasury Bond demand. This is GAME OVER!p
Interviewer: Do you see
the death of the dollar in 2015?
Willie: I see several
rivers converging and they're all for wreckage. The dollar rising is a systemic breakdown.
You have entire nations that are hunkering down into the dollar, because their
own currencies are in trouble, as they cannot print money. The nation that
prints the money is seeing the benefit - only in their currency.The dollar is
rising, because the whole system is breaking.
This is when the US is
going to be in a tremendous quandary: When they must come up with gold to back
a gold-based currency, or they fall into the third world. I think they are
going to come up with an artificially gold-backed currency and they are going
to be forced into an internationally approved audit.
And they are going to fail the audit.
There's deep storage
gold that shows up on government ledgers all the time in their accounting. It's
loaded with Evergreen contracts from Barrick, ownership rights on Nevada and
Colorado and Alaskan properties - it's unmined gold, and that does
not qualify to back a gold-backed currency.
I've been asking my
sources, will the Eastern ancient families that have been around for thousands
of years, China is awakening - and these families are taking control. I asked
them, will these families supply 10,000 tons of gold to the US so they could have
a legitimate currency?
Because they don't want
the US economy to go to hell in a handbasket. They want it to be part of the
global economy. They want exports to the US. It's a big part of their economic
equation. And the answer is
no, under the current system and regime and the people operating the US.
So I asked another
question:
Will the robbers, who
pilfered Fort Knox, namely Clinton, Bush and Rubin – will they be forced to
reproduce and repatriate the US gold? And I have not gotten an answer. I think
they used it for other purposes that I don't want to get into, like a lot of
weird things like underground cities.
I
believe most of the US gold went into the gold market and financed a lot of
secret projects for Langely. Langely is a city in Virginia with the
headquarters of the Central Intelligence agency is located. They have stolen US
gold, which is only $500 billion worth of gold. They also have
narcotics money that helps fund their projects: They get more than $500 billion
every single year from Afghanistan heroine.
This is the year that
the whole globe comes to the realization that they must move quickly away from
the dollar.
People need to get out
of the dollar system before they lose their money: your CDs are not safe, your
stock account, or money with corporate bonds.
European Central Bank
QE
Interviewer: There's
a lot of talk that the ECB is going to institute QE at their next meeting, and
that the Swiss are going to institute negative interest rate policy on the very
day. Is that something you have thought of?
Willie: The Swiss
are in a unique bind. Since 2011, they have been maintaining a 120 peg.
The money was seeking the Swiss hills and it jettisoned it upward. So the Swiss
National Bank has been printing money and that is about to break. They may
announce they are going to print a bunch of money, as it's overloaded with
Euros.
The Swiss are printing
money and never stopped. I think they are the big focal point right now,
depending on if Prince Draghi remains at the post. The conflict is between the
Bundesbank and the Euro ECB. The Germans have told Draghi they are going to
leave the Euro if they print money.
Germans on the Verge of
Leaving the Euro
If they print money, it
will weaken the Euro and bring about capital destruction. You lose your profit
margin, and the Germans don't want to see that. They do not want Draghi to
print money.
Germany is at war
between the Bundesbank and the European Central Bank. If they go ahead with QE,
then the Germans are going to abandon the Euro.
PROPOGANDA PRESS IN THE
US
80% of the mainstream
press in the US about the global financial system are lies, yet 80% of
the news on the internet is true. I am using it far more lately, like the
Russian RT News, the BRICS Post, Xinhua out of China, India Economic
Times, even Al Jazeera is more competent than Reuters and Bloomberg,
which puts out trash!
BUSINESS MODEL INSTALLED
AFTER 9/11 in the US
This is what fascists
do: They wreck economies, do bond fraud, steal central bank gold and wage war.
World War II didn't defeat the fascists. The US invited them, called
"Operation Paper Clip". They took over the banks, Goldman Sachs and
the Treasury Department of the US government.
They conducted 9/11,
they stole $100 Billion in gold bullion from the World Trade Center, $100
Billion in diamonds. Wake up, people, it was a bank robbery! The largest bank
center in the world was the World Trade Center. It's not a tourist center!
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