Jim Willie: There Are Plans on the Books for the Replacement of the Dollar!

There are plans on the books for the replacement of the dollar. Soon, the American public is going to conclude that something is wrong. 

The claim that the Treasuries are the biggest and the most liquid in the world is going away. The Fed owns about ½ of the bonds. 

 The central bankers and Wall Street are realizing that everything’s falling apart.

Since the time period of Mid – 2011 to Mid 2015 the foreign nations cut their holdings of Treasury bonds from $630 Billlion to $290 Billion. Even OPEC cut theirs almost in half. The domestic US public also cut it in half. And the BRICS went from  1 Trillion to negative $49 Billion. China has also cut theirs way down.  

Turd: The Fed is now going to double the size of their seasonable adjustments to make the GDP look better. They entire system is a sham and a charade. 

Jim Rickards 

Turd: Jim Rickards is saying that the Chinese have no intention of starting a rival system, but intend to play in the current system to dollar hegemony. What are your thoughts on this? 

Willie: Rickards is a shill. Here’s a good indication that the propaganda continues. Rickards is talking. He is now a paid desperado. The central bankers and Wall Street are realizing that everything’s falling apart and Wall Street is not even in control of a lot of the moving parts anymore. 

For instance, just this week Morgan Stanley sold their oil trading office. A year and a half ago it became quite apparent that JP Morgan sold its headquarters to a Chinese property company. A lot of the rumors have been confirmed that the Chinese hold controlling interest of the Federal Reserve. So, you’re seeing moves like JP Morgan accumulating a tremendous amount of silver. 

When the “Voice” was asked about that silver move, he said, that’s simple. China controls it. China is buying silver through JP Morgan. Getting back to Rickards -  I don’t trust anybody who talks that fast! Let me just tell you where he comes from . 

Long term capital management, which almost wrecked the entire global and Western banking system in 1998. In charge of depleting the bank of Italy and all their gold to finance the Wall Street gold game which wrecked the system.He comes from failure. Rickards is now saying that the Chinese have been invited to join the SDR. 

China and the SDR 

The IMF who, 3 years ago, had to delegitimize Dominique-Strauss-Kahn – because he wanted to order the US to prove it had any gold.  So they fabricated the Manhattan hotel incident. 

This is how the SDR works:  

Suppose Bangledesh wants a loan from the IMF. It comes in the form of an SDR basket, where England, Europe and US and Japan contribute toward it. Now the Chinese have controlled the IMF for 2 years. Obama and the Congress have refused to pitch in their share. So the other nations did the same. So the IMF has had a zero bank account. 

And Rickards said they are “joining” the SDR. The IMF doesn’t have any money! What they’re going to be doing is getting a blessing from the IMF office and Christie LaGarde has said the Chinese renminbi is going to join the basket. The basket that has no funds. It has been broke for 2 years. But the Chinese donated money in it for, I think, 2 purposes: 
 

• To control it
• To kill it

Turd: It’s a Trojan Horse.

Willie: While they have control of it, before it is killed, the Chinese …read the rest of the story at GramsGold.com

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