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Dr. Jim Willie: The Dollar Collapse Has Begun; U.S. Bank Failures to Follow (Video)

Friday, November 4, 2016 23:29
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(Before It's News)

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In Part I of this three part interview between Elijah Johnson and Dr. Jim Willie, the interview starts off by with Elijah asking Dr. Willie about the unprecedented dumping of U.S. Bonds by China and Saudi Arabia in recent weeks. By “unprecedented” dumping, Elijah is referring to several weeks ago when the markets witnessed never before seen numbers as $28 billion in U.S. Treasuries were dumped in a single week, followed by another $23 billion a week or so later. 

One of the key focal points in Part I of the interview below, is on the U.S. Dollar’s soon to be loss of its status as the World Reserve Currency. In short, Dr. Willie explains that the reason the Dollar is being pushed aside, is because we are the largest debtor nation on the planet, and our creditors are aware that the Fed has been engaged in non-stop printing of money out of thin air.

Domestically, the short-term effect has been the “successful” propping up of the U.S. economy, however our creditors know history, and they know that just like other countries who have engaged in the same kind of reckless monetary policy in the past, eventually when the QE (printing money out of thin air), is removed, hyperinflation will set in, and there will be massive devaluation of the same Treasuries that were artificially propped up for so long. 

Our creditors also know, that the ceasing of QE (printing money out of thin air), will be timed with the after the election. Once Hillary is safely in office, expect the bottom of the markets to fall out once the Fed raises interest rates immediately after she is sworn in at their first post inauguration meeting in December. Recall that last time the Fed tried to raise interest rates in December by a mere 1/4 of 1%, it began 2016 as the worst start to a year in stock market history… so Americans consider this your warning!

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

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In Part II of this interview between Dr. Willie and Elijah Johnson, Dr. Jim Willie continues to explain how the Western banking system is utterly broken, and what United States, U.S. banks, and ultimately the U.S. Dollar can expect to see from the broken system. To begin Part II, a viewer asks the following question:

With the lions share of derivatives held by the largest banks in the world being interest rate swaps, what does that mean is to be expected from the largest banks moving forward?

To answer the question, Dr. Willie uses Deutsche Bank as an example, mainly because Deutsche Bank is widely known to have an enormous exposure to derivatives, one that literally has the global banking system on the edge of collapse if Deutsche Bank should fail, a possibility which looks increasingly likely.

After all, Deutsche Bank’s exposure to derivatives is now estimated to be somewhere around $75 TRILLION. Compare that with the GDP of all of Europe combined, which is only $16 TRILLION, and the magnitude of the problem becomes quite evident. Therefore, it goes without saying that a bailout is out of the question, so what happens?

DO NOT MISS: Dr. Jim Willie: Huge Red Flags Could Be Telling Us Global Currency Reset Is Upon Us!

BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!

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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE

Dr. Willie goes on to explain that the derivatives are eventually going to get marked to the market once reality strikes, and then the big banks will all get plowed under. It shouldn’t take a PhD to understand that. Any big bank that holds significant derivatives on interest rate swaps, might be forced into seeing the reality that the U.S. interest rate moves up to 5%-6% (post election of course), which is actually historically the norm for interest rates in the U.S. 

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

Then ask yourself: What happens to the derivatives when we move from sub 2% to 5% interest? All the derivative swaps become worthless! The problem here, is we’re talking about over $1 QUADRILLION DOLLARS of derivatives floating around in Western banks! Even though their value would be ZERO, pretend for a moment they only lost 25% of their value? We’re still talking about U.S. and Western banks losing over $250 TRILLION DOLLARS, which wipes them all out. 

Before answering a few more questions and further explaining the carnage likely to result from the U.S. banking system being caught on the wrong side of the trade when it comes to derivatives on interest rate swaps, Dr. Willie makes what should be a rather obvious conclusion, yet somehow one that is totally missed by most Americans: As the U.S. banks collapse, get ready for foreign banks to take their place, and that’s just the beginning of the American nightmare to come…

DO NOT MISS: Dr. Jim Willie: Soon the Fireworks Will Start, then Hell on Earth Follows

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Finally, in Part III of his interview with Dr. Jim Willie, Elijah Johnson asks Dr. Willie about a prior report Dr. Willie had made that the U.S. Navy was being denied diesel fuel overseas if it tried to make payment in U.S. Dollars, and the initial report originally was stated that foreign ports were requiring payment in silver, rather than U.S. Treasuries. 

In his answer to the question, Dr. Willie admits he got the information from a low ranking naval officer, and after talking to a source much higher in the Navy, there doesn’t appear to be any truth to that rumor, and Dr. Willie apologized for any misinformation. 

DO NOT MISS: Dr. Jim Willie: Understanding the Root Cause of the Coming Global Reset… 

With that said, that doesn’t mean for one second the U.S. Dollar is not in a tremendous amount of trouble. It has been widely reported that in U.S. ports around our own country, Asian ships are starting to turn down payment in  U.S. Treasury Bills. A member of Bobcat’s Board of Directors, said that on shipments of Bobcat forklifts coming in from Korea, the ships were no longer accepting U.S. Treasury Bills. 

BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!

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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE

For anyone not convinced the Dollar is well on it’s way to losing its status as the World Reserve Currency, think about that for a moment. Other nations are refusing to accept U.S. Dollars as a method of payment, and for good reason! Other countries know that the U.S. is printing Dollars (figuratively) out of thin air like it’s going out of style, because the Fed is trying to artificially prop up the economy just long enough to get Hillary in office. 

DO NOT MISS: Dr. Jim Willie: China Isolating the U.S. (and U.S. Dollar) From Trade

The American people are in for a VERY rude awakening once this election is over, regardless of wins. The damage has already been done, and much like he did in the post titled, Dr. Jim Willie: The U.S. Will Lose Global Reserve Status, Expect 80-90% Devaluation of the U.S. Dollar, Dr. Willie continues to explain how the devastating effects of U.S. monetary policy are nipping at our heals, and sooner than later, Americans will realize they’ve been had.

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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE

IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:

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

Dr. Jim Willie Reveals 2nd Death Threat From U.S. Government (Video)

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)

What Exactly Does Global Economic Collapse Coming May 2016 Mean? 

FOR MORE GREAT MATERIAL FROM JIM WILLIE:

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

Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!

Dr. Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions

FOR MORE LINKS ON MARTIAL LAW:

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

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

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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)

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

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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

    j. willie has been saying this over and over and over the same thing for 10 years—like a broken clock he is gonna be right some day– maybe in a couple of years unless we have a black swan–the dollar is the less stinky pos in the basket so it still finds strong favor–i do own gold/silver and mining stocks and some day they will be very valueable mr willie gets tiring with his chicken little song

  • He is like Ben Fulford….for more than 18 years Fulford has been saying arrests of the cabal are imminent…..Willy says collapse of the dollar is imminent..
    It’s like my 80 year old mother who tells me bible thumpers have been saying the end times are here since she was a child…
    What is it with these people? I guess they thrive and survive on first time listeners….
    Te me they are all little boys who cry wolf……

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