JIM WILLIE: The SHEMITAH - CURRENCY RESET to Devalue Dollar by 80% [transcript]

An article by Michael Snyder outlines its premises here.  It not only appears anecdotally sound, but a great mathematical mind has now noticed it, and has done his mathematical calculation on the odds of its natural occurence. In an interview with Perpetual Assets on Feb.2, 2105, Jim Willie says:

“There’s a cycle that’s been going on and it’s remarkable. Every 7 years there’s a big financial crisis. On 2008 there was that financial crash and before that it was 9-11 in 2001 and the ensuing Patriot Act. Before that, in 1994 it was the Mexican peso. In 1987, it was “Black Monday.” In 1980 it was the Hunt Brothers, when gold and silver peaked. In 1973 was the Arab Oil Embargo.

Let’s just stop there because I struggled to find what happened in 1966. So, we are due for a crisis in 2015 and I say it has already begun. Being a probability guru, my colleagues put forth a question. What is the probability of it happening every 7 years? 

We have 7. Let’s say 49 years, and let’s say these are “urns and ball.” If I’m going to toss seven crisis (balls) into 49 years (urns), what’s the probability that I got one in different 7 year urns?

My math says it’s 61.8 Billion to one. Do you think these 7 year cycles are accidental? You cannot say that this cycle is merely a credit cycle. What we’re getting is not a wave, it is an increasing “sign wave.” Meaning each crisis is getting bigger. The Lehman Brothers event was bigger than in 2001.

This whole thing got kicked off in 1973 when the Arab Oil Embargo was “suggested by Henry Kissinger.” He said to double or triple the oil price and these oil companies will have windfall profits. You Arab nations, and you, Iran, will have an opportunity for lots and lots of money in your coffers and royal families and to buy American weapons. It was authored by the Rockefeller family, using Kissinger as their agent.

These crises are getting worse and I believe the crisis in 2015 is going to be worse than the Lehman Brothers in 2008.

It will be the year the dollar faces its death, the petrodollar goes away and nations of the world SCREAM for something to replace the dollar as the standard. The standard will be gold and the Remnimbi currency.

The Strong Dollar is NOT Good for the US Economy

It means that all the US stocks and property are now more expensive to the foreign investor. All the cars we make, the price is going to be much higher. We have just locked down our economy. Then the Manchurian Candidate with 2 Social Security numbers says he wants a bigger budget because we’ve got a stronger economy. He forgot to read the press briefing because he was playing golf!

According to my calculations the US GDP numbers are not 2% growth, but a 2-4% recession. About  5 OR 10 years ago, they do a top-down calculation, and doctor the whole darn thing with inflation and use the defense spending and add it to the GDP.

They are calling the inflation “growth”. We had a -3 for durable goods number for the month of December. They are going to be blaming it again on the weather.

We talk about these events and the “quickening.” In my graduate program in statistics, and I am pretty good in about 5 fields, and one of the fields in statistics was called “biometric or survival analysis.” There is a metric that we used in quality control at my first job. It was the “time between system failures.” We wanted stability, not an acceleration between events, as it meant that there is a big problem.

What we are seeing is …Read the rest of the story at GramsGold.com