In the following video, Dr. Jim Willie is a guest on the “Plain Truth” for what can only be described as one of his most revealing interviews to date dealing with the specifics behind the collapse of the U.S. Dollar. To begin the interview, Dr. Willie rattles off about 30 events all taking place simultaneously that he believes will bring about an even faster collapse of the U.S. Dollar. Just to name a few he mentions:
OPEC decided not to cut production - Saudi Arabia is trying to kill OPEC
China and India have begun working together on trade deals in the form of barter deals.
India just removed restrictions on all gold imports
Shale oil in the U.S. is on the verge of collapse because oil has been so cheap
Putin is doing great - Russia has signed several big oil and gas contracts
Turkey (a NATO ally) has announced it will be getting its fuel from Russia and will no longer be using the U.S. Dollar for it
Italy and France are on their economic deathbeds
Germans want the sanctions on Russia removed - Dr. Willie has covered their sneaky trade deals often in the past
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Since there’s no way I can explain what’s on Dr. Willie’s mind 1/10th as well as Dr. Willie can. let the following pseudo-summary of the beginning of the interview serve as proof Dr. Willie gets into specifics about how dire the situation is for the U.S. Dollar. First, he begins by saying that 10 years ago, roughly 72% of the world’s trade was done in U.S. Dollars.
Dr. Willie makes a point to stress that number is only an estimate, but whether it was a bit higher, or a bit lower really doesn’t matter. What matters is that today only around 35-38% of all global trade is done in U.S. Dollars. Very soon Dr. Willie says, the only people trading in U.S. Dollars will be the United States, Canada, Britain, and a small handful of other allies. Even South American countries are already off the Dollar and trading with Russia he explains.That’s it. That means the Dollar is truly on life support already… but it gets worse…
Jim Willie - Take No Prisoners In the Money War
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China is continuing its march toward becoming the World Reserve Currency in the wake of a U.S. Dollar implosion by opening a large number of RMB Hubs around the world. Most recently, two opened in North America. One opened in Vancouver, and one in Toronto. In addition to dealing in large scale currency translation, the centers will be issuing bonds of their own backed in Yuan.
Dr. Willie says he never thought he’d see the day when an RMB hub would open in the United States, but now he joked he could easily see one of the hubs opening at 1 Chase Plaza. If you recall from a prior post titled, Dr. Jim Willie, Threat’s by Putin, Death of U.S. Dollar, and a New Arms Race:
“The U.S. leased a large quantity of silver from the Chinese which it appears to have no intent on repaying, which most likely is the reasoning behind why China purchased 1 Chase Plaza, and has tasked JP Morgan with replenishing China's silver the U.S. stole. “
At the point in the interview when Dr. Willie begins explaining all the oil and gas contracts that have been struck between countries like Russia and China, it’s easy to get a feel for how the Dollar gets snuffed out. The deals include several hundred BILLION dollars in infrastructure including massive distances of pipelines that need to be built. Their completion will mark the end of the road for the Dollar in several respects.
Dr. Willie rattles off a laundry list of enormous international projects that he said will all be financed by paying for their portion of the projects by dumping U.S. Treasuries (like China). Once the massive infrastructure is complete, countries will have unloaded their worthless Dollars for something far more valuable, because the Dollar will have lost its status as the Reserve Currency, and what the Dollar built for all its hard work will be its own replacement.
It’s worth mentioning that just a month or two ago, the Chinese finished testing their new replacement for the U.S. Swift Banking System, which has long been a source of power for the U.S. Essentially, the world is telling the U.S. we are obsolete and no longer needed. As all this is happening, Dr. Willie explains that the Obama administration is working hard to eliminate or reduce the penalties for treason, which is no small coincidence.
What’s really crazy, is not only have we set course for our country on warp drive to the ash bin of history, we’ve made ourselves pathetically less educated in the process too. Since everyone under 70 years of age has never known the world where the U.S. Dollar was not the World Reserve Currency, and Americans aren't even taught civics or how our country works (or was intended to), 99% of Americans have no idea what that means. Americans are so used to not feeling the pain of our country’s mistakes personally because we have always had another line of credit. With no money, no jobs, no credit, and no food, how does a normal family survive? Now multiple that times 320 million people. Americans have no idea. None.
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IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
When Obama Suspends 2016 Election, a Guide to Survive Martial Law (Videos)
Jim Willie: How the Loss of the US Dollar as Reserve Currency Affects You Personally
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
Ron Paul, Jim Willie, Peter Schiff, and Collapse of US Dollar on a Global Scale
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie, Threat's by Putin, Death of U.S. Dollar, and a New Arms Race
Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: "Violent Gold and Silver Breakout" Coming to Economic Markets!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Willie: Economic System is Collapsing Right Now; Us Dollar in a "Short Squeeze"
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Jim Willie: Chinese Replace US Swift Banking System, Hastening US Dollar Collapse
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Dr. Jim Willie: Economic Collapse is On Our Doorstep
Jim Willie: "The Quickening" is Approaching Global Economic Markets
Jim Willie: Both Our Allies and the American People Absolutely Hate Our Government
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
Jim Willie, the Crumbling Global Economy, and the Dollar Crisis
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: "Trump's Very Massive Recession May Have Already Begun"
Peter Schiff: Americans Fear Future With 'Dead-End Economy, Crap Jobs, and Awful Wages'
Peter Schiff: "Can Donald Trump Really Make America Great Again?"
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama "Peddling Fiction" As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: "Whatever Obama Was Calling Recovery… is OVER!"
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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