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Dr. Jim Willie: Mainstream Media Lies, the Economy, and Major Turmoil in Global Currency Markets

Thursday, November 24, 2016 19:06
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Regardless of a person’s political persuasion, few will argue with the fact that the 2016 U.S. presidential election will be remembered, talked about, and studied for years to come. Perhaps more shocking than Donald Trump’s surprise win, was the undeniable confirmation of what many conservatives have suspected for years, which is that the mainstream media has been in bed with, and been colluding with the Democrat Party for years.

Largely as a result of the mountains of evidence released during the 2016 election by Wikileaks confirming the collusion between the media and the Democrat Party, Americans all across the political spectrum have lost faith in the mainstream media as an independent and unbiased “news” source. 

According to one poll, as few as 6% of Americans say they trust the media. That begs the question then: Knowing that the mainstream media acts more like the propaganda arm of the Democrat Party by pumping out lies and politically spun nonsense, why on earth are Americans believing what the mainstream media says about the U.S. and the global economy?  

If the definition of insanity is doing the same thing over and over, and expecting different results, then believing the media about the economy would render most Americans insane by definition.

Perhaps under any other circumstances, the giant wave of optimism that is now sweeping America as a result of Donald Trump’s victory would be warranted, but in today’s reality, it simply is not warranted. Many of Trump’s most rabid supporters have called on myself and others to stop being so pessimistic. Personally, I am a huge Donald Trump supporter, but this isn’t about being “optimistic,” or “pessimistic.” It’s about fiction, or reality. 

DO NOT MISS: Understanding the Root Cause of the Coming Global Reset… 

In many ways the optimism people are glowing with could prove to be deadly. Yes, that says deadly, Why? Because the optimism isn’t rooted in fact, but rather it’s more like wishful thinking. Rather than preparing for an economic apocalypse, millions of people are whistling past the graveyard. 

As experts like Jim Rogers, Bill Holter, Peter Schiff, Jim Richards, and Dr. Jim Willie have been warning for a long time, America is headed for the worst times that this nation has EVER experienced, and in the end it isn’t going to make a difference whether Donald Trump is in the White House or not. This is about arithmetic, and facts, not a new version of “Hope and Change.” 

In the interview below, Dr. Jim Willie joins Turd Ferguson just before the Thanksgiving holiday to give a much more accurate report on the true state of the U.S. Dollar and the economy, than the mainstream media is reporting. In the interview, Dr. Willie covers the U.S. election results, the roiling global markets post-election, what the turmoil in the currency markets may suggest, how changes in global interest rates will impact the global economy and markets, and much more.

After the interview, Michael Snyder reviews many of the things Americans are so optimistic will get better under a Trump Presidency, but Snyder also warns that America is indeed headed for the worst times that we’ve EVER experienced, and in the end it isn’t going to make a difference whether Donald Trump is in the White House or not.

DO NOT MISS: The Dollar Collapse Has Begun; U.S. Bank Failures Soon to Follow (Video)






For those of you who are finally starting to realize there is major trouble on the horizon, largely as a result of the corruption within our own government and the 2016 election, the failure of the U.S. Dollar and Western banks, deteriorating conditions here domestically, or perhaps even because of nuclear tensions reaching all new heights, then I suggest you get your FREE GUIDE for how to survive Martial Law here, because if/when things begin to go south, by then it will be too late to do anything about it. 

For anyone with no idea where to begin making preparations, a very good, and very inexpensive tool to teach you how and what you should be preparing, is a book called “Conquering the Collapse.” Since I’ve practically worn out my own iPad reading my copy, in the following link I provide you with a review of the book: Be Ready For Any Emergency – The Crucial Guide For Any Family’s Safety (Videos). You can learn more about the coming crisis in the links at the bottom under the heading titled, “If nothing else, these links are essential.” The writing is on the wall everywhere… Begin preparing….

Michael Snyder writes:

The election of Donald Trump has brought a giant wave of optimism to conservative America unlike anything that we have seen since probably the days of Ronald Reagan. Millions of Americans that were once deeply pessimistic about the future of this country now have hope again thanks to what many consider to be the greatest miracle in the history of U.S. politics. And just like so many of the pre-election polls, the predictions about how the nation would immediately respond to a Trump victory have turned out to be completely wrong as well.

Instead of a historic stock market crash as many in the mainstream media were projecting, we have seen an unprecedented stock market rally in the days following Trump’s win.

Instead of an immediate economic downturn, many economic indicators have surged to their highest levels in quite some time in recent weeks.

And instead of feeling gloomy about the future, many Americans are feeling really good about what is ahead for the first time in a very long time.

DO NOT MISS: The U.S. Will Lose Global Reserve Status, Expect 80-90% Devaluation Of the U.S. Dollar 

The following are 12 signs of extreme optimism in America now that Donald Trump has been elected…

#1 The U.S. dollar is once again the strongest currency in the world. It has soared in value since Trump’s stunning election victory and on Wednesday the U.S. dollar index hit the highest level that we have seen since March 2003.

#2 Stocks continue to skyrocket in the aftermath of Trump’s win. On Wednesday, the Dow Jones Industrial Average closed at a brand new all-time record closing high of 19083.18.

#3 The University of Michigan’s consumer expectations index has hit the highest level in 18 months.

#4 The percentage of Americans that believe that the U.S. will experience “continuous good times” over the next year has risen to 46 percent, which is up 11 percent from the reading in October.

#5 Some other newly released numbers show that U.S. consumers are the most optimistic that they have been in a decade

According to the latest report, in some cases, Americans are the most hopeful they have been in more than a decade. For the first time since 2006, 37 percent of households said they expect their personal finances to improve in 2017. Also hitting decade highs: real income expectations, as wage growth continues to gain strength in a broadening swath of the economy.




#6 Investor optimism about stock prices has risen to the highest level in 21 months.

#7 U.S. manufacturing PMI has hit the highest level in 13 months.

#8 The number of U.S. oil rigs in operation has hit a 10 month high.

#9 The Federal Reserve appears to think that the U.S. economy is now “strong enough” for a hike in interest rates in December.

#10 Now that Trump has won, gun stores are reporting that sales are down significantly as Americans embrace a more positive outlook regarding the future.

#11 A new Gallup poll has found that 51 percent of Americans have become “more confident” in Trump’s ability to lead the country since the election, and only 40 percent have become “less confident”.

#12 As I discussed just a few days ago, Gallup has also found that the percentage of Republicans that believe that the U.S. economy is “getting better” jumped from 16 percent just prior to the election to 49 percent after the election.

DO NOT MISS: Jim Rickards Discusses Looming Shut Down of the Entire US Economy (Video)

Now that Donald Trump has been elected, many Americans are convinced that the U.S. economy will become stronger than ever before.

Now that Donald Trump has been elected, many Americans are convinced that the U.S. military will be rebuilt and will become so strong that nobody will ever dare to mess with us.

DO NOT MISS: We Are on the Brink of World War; Americans Totally Clueless

Now that Donald Trump has been elected, many Americans are convinced that the United States will once again become the most loved and most respected nation on the entire planet.

Now that Donald Trump has been elected, many Americans are convinced that relations with Russia, China and other major foreign powers will significantly improve.

Now that Donald Trump has been elected, many Americans are convinced that we are on the verge of a “financial harvest” unlike anything we have ever seen before.

Now that Donald Trump has been elected, many Americans are convinced that honor and integrity will be restored throughout our judicial system.

Now that Donald Trump has been elected, many Americans believe that “law and order” will be restored to our cities.

Now that Donald Trump has been elected, many Americans are convinced that we are entering a new golden age of peace and prosperity for the United States.

DO NOT MISS: The Dollar Collapse Has Begun; U.S. Bank Failures to Follow (Video)


You may not believe me right now, and that is okay, but ultimately all of the things that I have been warning about are going to hit America. We are headed for the worst times that this nation has EVER experienced, and in the end it isn’t going to make a difference whether Donald Trump is in the White House or not.





Peter Schiff: “Default or Not, U.S. Dollar Is Going to Collapse Either Way” (Video)

Jim Rickards Discusses Looming Shut Down of the Entire US Economy (Video)

Dr. Jim Willie: Worst Bond Crisis in 15 Years, World Quickly Losing Confidence in US 

Bill Holter: Between Now and Election Will Be Extremely Dangerous (Video)

Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 1

Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 2

Bill Holter: Newly Solidified Chinese Superpower Will Replace Dead U.S. Dollar (Interview)

Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)

How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)

Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)



Dr. Jim Willie: Worst Bond Crisis in 15 Years, World Quickly Losing Confidence in US

Dr. Jim Willie: U.S. Will Lose Global Reserve Status, 80-90% Devaluation of U.S. Dollar

Dr. Jim Willie: Unprecedented Bond Dumping Means U.S. Dollar Collapse Ahead

Dr. Jim Willie: Western Banking Is Totally Broken, Insolvent and Corrupt

Dr. Jim Willie: Huge Red Flags Could Be Telling Us Global Currency Reset Is Upon Us! 

Dr. Jim Willie: The Earth Continues to Turn, Even as it Continues to Crumble 

Dr. Jim Willie: Collapse of U.S. Dollar, Rise of Gold, and Global Economic Rehab (Video)

Dr. Jim Willie: Understanding the Root Cause of the Coming Global Reset… (Videos)

Dr. Jim Willie: Soon the Fireworks Will Start, then Hell on Earth Follows (Video)

Dr. Jim Willie: China Isolating the U.S. (and U.S. Dollar) From Trade (Video)

Dr. Jim Willie: Banks Are Beginning to Prepare for Nuclear Winter (Interview)

Dr. Jim Willie: U.S. Elites Are Losing All Their Power (Video)

Dr. Jim Willie and the Systematic Bankruptcy of Western Society (Video)

Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)

Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts



Reports of Active U.S. Military Drilling for “Authoritarian Rule of Law” (Martial Law)

U.N. Soldier Says They Will Soon Occupy America: “Going Door-to-Door Taking Guns…” 

1,500 Pages of New Documents That Reveal U.S. Government’s Martial Law Agenda (Video) 

Mainstream Media Blasts Alternative News Personality on FEMA Camps (Videos)

Ron Paul: Undeniable Proof Martial Law Is Coming Because of the Economy (Video)

Virginia Police and Homeland Security Doing Exercises for Marital Law Conditions (Video)

Latest News on Government’s Preparing For Civil War or Martial Law (Videos)

Martial Law Convoys Sent to Baton Rouge, Dallas, and St. Paul Before Shootings (Videos)

Pentagon Approves U.N. Use Of Force Against American Civilians (Video)

What Is the U.S. Government Endlessly Preparing For (Videos)

Patriot Films Shocking New Video of a FEMA Camp Recently Discovered in Texas

Major Update to Military Movement and Actual Documentation of Their Plans (Video)

United Nations Troops on U.S. Soil Prepared to Assist With Martial Law? (Videos)

Obama Has Prepared FEMA for All Four Storms… Are You Prepared?

13 States Obama Is Using for His Nefarious Secret Agenda (Video)

Obama: Be Ready For EMP Attacks, Engineered Pandemics, Earthquakes, and Martial Law

How Likely is Martial Law in the US, and What Happens Under Martial Law 

Law Enforcement Preparing For Rioting on National Scale (Videos)

All Armed Americans To Be Detained In FEMA Camps Starting In 2017? (Video)

Beware of Martial Law: Obama Will Confiscate Firearms Of All 50 States in 2016

Army Not Prepping for Battle; Training For Riot Control and Martial Law

Pentagon Says Preparing For Huge Civil Unrest in U.S. (Videos)

Political Dissidents Homes Being Marked By FEMA Prior to Martial Law?

Government “Threat List:” 8 Million People To Be Detained Immediately


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  • b4

    ol’ willie has been talkin about the coll laspe of the us dollar for 10 years! getting stronger and stronger–never heard him predict that!

  • Jacko

    Still or again?

  • jj

    Willie has never been correct. He takes normal events and places his own spin on them. Take the selling of treasuries for example. Central banks have been selling treasuries for dollars and then selling dollars to weaken the dollar. The FED has ask these entities to flood the system to help create this. The FED wants to help not only exporters but commodity exporters because a strong dollar makes these too expensive with demand falling then prices. China is a huge importer of US commodities especially agricultural products and they are becoming too expensive to import. That is the real reason why China is selling not that they are rejecting US debt as Willie claims. Also the FED wants to help banks who have lent over $9 trillion in dollar denominated loans to foreign entities and these are very difficult to service with a strong dollar.
    Unfortunately there are global forces working against this. Huge international capital flows are flooding into the dollar and equity markets especially from Europe and Japan where rates are negative. Entities in Europe are exchanging euros for dollars as the euro and the EU are collapsing. On top of this is the fact that entities who control huge amounts of capital are not trusting EU banks and pulling capital out causing liquidity problems flooding into the US. All this creates dollar strength as we have been seeing. On top of all this currency traders in London have been hammering the EUR/USD and GBP/USD crosses and driving up the USD/JPY cross all causing dollar strength. When London closes traders in New York have been driving the crosses in the opposite direction creating short term dollar weakness with London hammering again the next day. This has been happening for the last 7 weeks right to the holiday. As this involves 4 of the 5 world’s reserve currencies the daily volume has been in the trillions with London having over twice the volume as New York.
    This is why all those who have predicted a dollar and Dow crash have been wrong and will continue to be as none of these people have any experience trading any financial market. They just make up crap because they don’t follow international capital flows.
    The crash in 87, dot com bust and the 2008/9 crisis were all caused by retail traders. When there is a high concentration of these in equity markets and they get spooked, they sell, prices drop, this triggers the HFT algo sell orders and markets collapse. Today we just don’t have that high concentration of retail traders in the markets to trigger the algo sell orders.
    Those who have predicted a crash all claim markets are in a bubble. They are not. the S&P P/E ratio in 87 was 50/1, dot com bust 46.5/1 and in the 2008/9 crash 122/1. Today we are only at 24/1. Does anybody even remotely see a bubble here? Of course not! As forecast by Martin Armstrong’s computer models the Dow is headed to 20,000 first then 23,000. These models track international capital flows and then forecast price movement based on the PI Theory. They have been spot on!
    Even with China selling recently treasuries they still have close to $1.5 trillion in dollar based assets. They not only hold dollars and treasuries but a huge amount of US government backed agency debt as do most countries. The world simply has too much invested in these assets to let them crash and be worthless. Not going to happen. Japan is still second with around $1 trillion of the very same dollar based assets.
    Nobody is rejecting the dollar and the recent dollar strength indicates this. You simply would not have this amount of dollar strength if people around the planet were rejecting it. This is nonsense!
    International capital flows need markets where there are huge pools of liquidity and there are few places left hence dollar strength and record after record of new equity highs. One of the reasons for the US real economy doing poorly is the strong dollar hurts US exporters. Another is the velocity of money in the US has been going down. Still another reason the money supply has been shrinking and not expanding.
    Treasury bills are not used at ports to settle trade. Exporters receive a letter of credit from the importer’s financial institution stating how and when they are to be paid including in what currency. So the idea that treasuries are being rejected in just nonsense. Shippers or ports cannot decline anything as they are not the owners of the products they transport.
    It is just like the guy Michael Synder predicting a collapse. He is an attorney and has no experience trading any financial markets and yet here he is forecasting markets. These guys are all the same. They read one fear porn article and just repeat it over and over.
    Also the heroin market is not a trillion dollars but worldwide is around $55 billion.
    The fact that dollars flooding into the US from US multi nationals would create problems is nonsense. First of all the majority of this capital would be parked in the financial markets and never reach the real economy. Inflation is caused by the rise in the velocity of money which is simply the frequency the dollar changes hands. When people have confidence in the future they spend more and save less which causes products to move off shelves at a faster rate and businesses realize they can increase prices. You can have the real economy be flooded by dollars but if people are saving and not spending in other wards no confidence in the future, the velocity of money goes down and this causes businesses not being able to raise prices. These two simply don’t understand this.
    These two like most believe for instance that money printing in Germany’s Weimar Republic caused hyperinflation but it did not. Money printing causes deflation. Germany had defaulted on her international debt and was cut off from those markets. This caused credit lines to be cut for businesses and when they realized that when their last product was sold they would be out of business. Human nature what it is including the need to survive, owners simply raised prices to get whatever profit they could and this caused hyperinflation. The German government responded by printing money causing deflation. Eventually this caused prices to lower and credit lines were restored. We are seeing this today in both Venezuela and Ukraine with the additional problem of a collapsing currency.
    It is also nonsense that the dollar is going to be devalued or going to be replaced. As explained above the world has too much invested to allow this to happen. Again the FED needs and wants a weaker dollar along with the rest of the planet.
    Now the derivative nonsense is also just that. These two again don’t understand derivatives. There are two types. One is the unlisted or OTC derivative which rarely trades and when it does trades on private dealer networks. These are the insurance like contracts underwritten by banks and other financial institutions. Then there are the listed or physical derivatives which are traded on regulated exchanges like the CME, Comex, NYMEX, LBME and thru out Europe. These are your futures, options, forwards, interest rate contracts, etc. Most countries including Germany require when a bank underwrites and sells an OTC derivative that it must be immediately hedged by a physical derivative to protect the entity from any future potential losses. The cost to the bank to hedge is in the premium amount of the OTC insurance like contract sold. If an OTC derivative is triggered the bank is reimbursed by the entity at the other end of the trade of the physical derivative and payment is guaranteed by the exchange it is traded on.
    A good example is the liability insurance policy on your home. The company immediately goes out and buys a reinsurance policy to protect from any future potential liability. The cost to them is actually buried in your premium amount. The policy is the derivative, your home is the underlying asset, its value determines the premium amount and the hedge is the reinsurance policy. All financial institutions hedge in this similar manner whether a bank or insurance company.
    Physical derivatives are written for a specific period of time and they start out having intrinsic value but as it moves to the end, most simply expire worthless just as your liability policy on your homes expires worthless if there is no claim made against it.
    Willie’s claim that the FED did not raise the federal funds rate is also nonsense. The rate is actually the rate that banks charge one another for overnight loans and the ones who can use this must be very credit worthy and collateral must be put up. Since the most credit worthy banks are flush with cash they don’t need to borrow from other banks. So banks to get other banks to borrow started lending at lower rates to get banks to borrow.
    It is also nonsense that gold is selling $3000oz in large quantities. The reason the large orders have to wait is because the physical market is simply too small. Again entities who control large amounts of capital don’t go near the physical simply because the market is too small, there is not enough liquidity and these entities don’t want the associated delivery and storage costs. Remember these entities need markets where there is huge amounts of liquidity which is the dollar and US equities.
    The internet is full of people who have no experience trading any financial market and it is these who fill it with all sort of nonsense! Willie telling people to get rid of their assets is just plain wrong. Remember this guy has no experience trading any financial market and yet here he is giving financial advice. This is simply dangerous and is simply wrong!

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