JIM WILLIE: This WILDCARD to Break Up EUROPEAN UNION! [transcript]

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In an interview with the Silver Doctors on January 24, 2015 Jim Willie says,” I said that as we got into January toward the end of February we were going to have an acceleration of breakdown events, and here we are. 

It was just this past week, it wasn’t just the Swiss National Bank with their de-pegging from the Euro, but it was announced that the Greeks are going to possibly leave the European Union (EU) and experience some kind of default. 

We also heard that the Russians are going to formally exit all dollar-based oil trade, going off the petrodollar.”

 

The timeline is that by the end of January and the middle of February, things will start breaking down in a major way. It’s probably a lot sooner than we think. There’s a strange wildcard regarding Europe, that I like to bring up from time to time.

This is really going to force fractures in the European Union (EU). Russia came back with their own ‘reverse sanctions.’ They are not going to buy any food and meats and farm products from Europe.

Apart from the fact that Russia lined up huge South American trade for food supply, what’s going to be the effect on southern European agri-businesses? 

There is something like 13,000 Italian farms. Spain, France and maybe Portugal, to some extent, they’ve got big agri-businesses. These businesses are all going to be hurting. Several months ago their harvests were rotting and didn’t make it to market. 

In the US we already have the hayfeed niche being bought up by the Chinese and 1/3 of the output is going to China to feed their livestock. 

Here’s the wildcard coming in, which is my analysis and prediction: 

European Union Break Up

This is how the various countries are going to break up the European Union: 
 

• If the Greek exit (Grexit) results in a bunch of bank failures, The Greek exit is going to blow up the European Union on the fiscal side . 
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• The Swiss National Bank is going to break up the European Union on the currency side.
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• The US government sanctions against Russia cause ‘reverse sanctions’ from Russia onto Europe, which is going to break up the EU on the economy side.
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• Germany is going to blow up the EU on the monetary side, as they don’t like the QE that draghi is doing.
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• The Ukraine is going to break up the EU on the energy side with a threat to the pipeline and gas provision. 

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