Jim Willie: The Enemy is in Our Gates: CHINA NOW OWNS US! [transcript]

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In an interview with Jim Willie on January 9, 2015 with Paul Sandhu, Willie says, “I believe the US has already defaulted. They suspended the debt limit and the Chinese now has controlling interest over the Federal Reserve. 

The Chinese have taken ownership of JP Morgan’s headquarters, which includes the largest private non-central bank gold vault in the world, that has underground tunnels into the Federal Reserve gold vaults.

Regarding the US debt default, I believe the Chinese have told the Americans: “Don’t announce it, because we’re still busy converting out Treasury Bonds into hard assets, like port facilities, energy projects, mining deposits and commercial office buildings.

 

 

The Chinese are putting billions on deposit in Wells Fargo, and borrowing 5-7 times as much to buy US commercial buildings. The Chinese are using the US system to bring about a “commercial colonization.“

They’ve got about 7 industrial parks. Some are in upstate New York, Idaho, and in Pittsburgh the Chinese bought the huge, abandoned “Westinghouse Mills.”

They are going to become the biggest American employer in about 3 years. They are also buying in South America as well.

 

 

Oil Price Crash to Cause Economic Crash Worse Than 2008 -This Year

What’s the true story about oil? It’s not strictly a supply and demand issue. China and the Saudis are wrecking the US oil industry by dropping the oil price. In Canada you have a 64% decline in rigs in just 6 weeks!

The bigger story to come is that:

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There has been much talk about when the petrodollar will end. It has been dead for over a year. What confirmed it for me was when the Brent crude oil price converged to the “West Texas” price. The next stage is when countries start openly trading in oil without using dollars, which will happen in 2015. 

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The Russians are not hurting like the western press makes them out to be. They have found a second source of food in South America. Turkey will send them things they need as well.  

The mainstream media states that the great USA engineered the oil price to damage Russia.That’s wrong. The ruble has declined in its exchange rate as much as the oil price, so the oil price has not changed for Russia.  

The impact they do have is in import prices from Germany, like BMWs. Russia is NOT draining their gold reserves as the West says. Instead, they are dumping Treasury Bonds.

They are converting the dumped Treasury Bonds to GOLD, which is the exact opposite of the western propaganda states. Their economy is not falling on its face. I repeat - Russia is NOT falling apart. 

 

There is MUCH More to this story…Read the rest at GramsGold.com