Jim Willie: The Currency Reset Has Begun

Whatever percentage gain gold has…silver will offer triple that percentage gain. I think we are going to see 10,000 gold and $400 silver.

“One very important lesson to take away from the first 2 months of the year is that most asset classes are doing very badly, but gold is not. The reason is simple – because the gold standard is coming back and Americans are going to be the last ones to know.

This time I say, whatever percentage gain gold has…silver will offer triple that percentage gain. I think we are going to see 10,000 gold and $400 silver. There is a new financial structure coming, a new currency system – and it’s going to be all gold-backed,” says Dr. Jim Willie in an interview on February 24, 2016 with Caravan to Midnight.

“QE was the biggest back door bank bail out in history. I hear that they are negotiating, like right now, this week – with the Chinese to lend to the US, in a giant lease, some gold to back a new currency. But the US will not be the custodian of this gold, because they are not to be trusted.

The elite in the US stole the gold in Fort Knox, stole the gold in Libya, stole the gold in the Ukraine and they forced the Canadians to ..sell their gold, and now the Canadians have sold their last $200 million dollars worth of gold like absolute idiots. But the US is going to have to be a colony of China in order to get out of this.

The Chinese just might lease us some gold, but they won’t let us hold it.

Reasons We Won’t Go to A Cashless Society

• You would not be able to bribe politicians.
• You wouldn’t be able to have sports betting.
• You wouldn’t be able to buy cocaine on Wall Street.
• You wouldn’t be able to have prostitution. The Mafia won’t like that.
• You’d eliminate the entire black market.

The 10 Stage Reset Has Begun

We’ve got about a 10 stage reset. It started last December. The Fed mentioned that the banks were “too big to fail”. Then the Fed engineered a fake interest rate hike, to distract the morons. There’s been no interest rate hike at all, but what they did do, was open up the second barrel, for the double barrel QE. They opened up the Exchange Stabilization Fund to be the second source of QE, covering bond sale.

You’ve got countries all around the world that are dumping their Treasuries. A quarter of a trillion dollars was dumped by China, after the IMF told them they weren’t letting them into the Special Drawing Rights (SDR). The Fed pretended to do a rate hike.

There are a lot of steps to this reset. There are a lot of gold-backed currencies that are going to be launched this year.

If the US can’t collatoralize its currency with  copper, silver or gold- backing, then it’s going to be devalued every 2 months and we’re going to end up looking like Venezuala. Venezuela in 2013 suffered back-to-back 35% -40% devaluation.

Then they suddenly had a 70% devaluation of their bolivar currency and they had to desperately close their deficit. The US might end up in the same way. Venezula is exporting their rice, beans, toilet paper and condoms in order to close the deficit and stop the bleeding of their currency. But it’s just not working; they have 300% inflation in just the last 3 years.

We’re going to have reality come with the reset, and it’s going to be a huge wake up call to the American people. They are going to see some new employment opportunities, but it’s going to help to speak Chinese.”

Source: GramsGold.com