JIM WILIE: The GLOBAL PARADIGM SHIFT Has Begun

Russia and China have been working together to court Europe away from the US, and have recently shown success with their new signatories to the Asian Infrastructure Investment Bank (AIIB) Bank. 

Willie believes this new bank will result in the termination of the IMF World Bank, stating it is “going to wither away like a tattered flag on an abandoned fort”.    

He also thinks the Chinese, Russians and Saudis colluded to lower the oil price in order to destroy the US fracking industry. 

Simultaneously, the Chinese and Russians have been putting in economic systems to divest away from the dollar, in preparation for a big move to a gold-backed currency, which could possibly occur this year. Read on to find out when Willie says the dollar will “drop like a stone”. 

Last week Australia and Britain signed on with the Chinese led Asian Infrastructure Investment Bank (AIIB). The Chinese are working towards replacing the World Bank.  

These are nations who’s central banks are in negotiations with the Chinese [in joining the AIIB]:
 

• Italy
• France
• Germany
• Luxembourg
• Switzerland
• Japan

Japan holds a trillion or more of US Treasury bonds. Only South Korea remains. Last week Obama had a photo op looking sheepish with all the major AIIB representatives at a table. I’ve been saying that the US is going to make a lot of different errors, such as:

• QE to infinity
• Bond monetization forever

QE is not stimulus, it is capital destruction. We learned it in school. This is no different. It’s killing the economy. Watch all the retail chains go bust this year, including Sears.  

The West clearly dominates banking and the East clearly dominates commerce, trade and manufacturing. Since the US has been blocking the return of the gold standard, we are going to see it through trade settlement. Countries are already trading in renminbi, without the dollar. 

Sooner or later we are going to see a massive flow of major banking systems dumping their Treasury bonds. That’s when…………...there is MUCH, MUCH more. Read the rest of the story at: GramsGold.com

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