Jim Willie: That King Dollar Has Survived to 2015 is an Absolute Miracle! [transcript]

He goes on to say, “The current system is destined to failure. Time is running out. 

The only assets to thrive in the coming climax will be precious metals, property containing commodity resources, and certain commercial property, surely farmlands and maybe some collectibles. 

The interior structures are fracturing, seizing, and convulsing. The banking masters are having an increasingly difficult time concealing the damage and breakdown. Meanwhile the Chinese are wresting control of the Gold market. 

The Chinese will liberate the gold market when they feel like it – and not a moment before. That will happen when they are unable to garner more gold with the heavy discount that Wall Street must provide in order to keep the system appearing to run smoothly.

That will happen when the Chinese grow tired of tolerating the insufferable arrogance of the West, with its corruption with enormous abuse. The system under the USD canopy cannot continue too many more months. 

It is an absolute miracle that the King Dollar has survived to 2015 since the extreme events required to secure its perch. QE and War guarantee the US Dollar’s imminent death. A grand isolation will result, like a quarantine, followed by liquidation, clarification of the terrorism source and finally marked by removal of the US Dollar as global reserve. 

In its place will come the Chinese RMB currency as caretaker reserve currency, followed in time by the return to the Gold Standard.

Look closely at US foreign policy, and Langely, the central intelligence agency. The main objective is to destabilize enemies. Now they are destabilizing fringe and allied nations. The US policy is destabilizing the whole world. 

If they wreck economies, they will be perfect pieces in the fascist, totalitarian state. Now we are seeing the economic wreckage of the entire European Union, not just from their sovereign debt, but from their Russian sanctions. A tremendous loss of trade has gone from Russia to China and other Asian entities. 

Just look at QE. That’s what Zimbabwe does. We need to understand that it is the standard method of third world countries, which always leads to wreckage. But we call it “stimulus”. We are printing money and are forcing the death of capital in the process. One of the main outcomes of the Fed’s QE…the rest of the world thinks the US is undermining their savings accounts, so other countries start diversifying into other hard asset. 

In the process of diversifying out of Treasuries, the central banks of the world that are not aligned with the US, mainly in the East, and big financial, pension fund, and mutual fund firms, have been investing in hard assets. 

Its’a defense mechanism called “hedging against inflation”. When they do that , they raise the cost structure, eliminating much of the profit margin, and businesses shut down. This is retiring and killing capital. 

That’s why Greenspan said that you can have your zero percent, but for only a few months. Then he warned that QE could only be done as an emergency procedure, not for an extended period. And we are seeing now QE in its 5th year, and we seeing how it’s permanent. And how ZIRP is permanent.
 

Why People are Living in the Matrix

When a bank robber holds hostages for several days in a bank, the victims start to gain sympathy for them. This is micro-Stockhold syndrome. I’m starting to think that we’ve got a macro- Stockholm syndrome. 
And it goes like this: The whole nation is stuck inside the borders, inside the US system, with their jobs, their savings and pensions that are all dollar-based. So they start to sympathize with the Wall Street captors. 

And they say, “ I’m not going to remove my money from JP Morgan or Citibank, or my IRA, because if I did, I’d probably damage the system that I’m in. I’m not going to invest in gold because wouldn’t that really undermine everything about my job, savings and pension?”

Because the Stockholm syndrome is based on sympathy with your captors, and after brainwashing – joining them, so is the US public vulnerable to brainwashing from the press, with their base psychological framework being their vulnerability to the system for the jobs, pension and savings? And I think the answer is yes. 

This is the Brave New World. 

The Cattle get slaughtered for the next meal of the elite, while the sheep get sheared of their life savings, for the benefit of the elite. I’m not about to hand over my life savings for these criminal pieces of scum and human feces.”

And on that note, I wish everyone a Happy ‘Dependence’ Day.