Dr. Jim Willie: Japan Is On The Verge Of Total Economic Collapse (AUDIO)

(image credit: Torin Boyd/Bloomberg via Getty Images)

By: The Voice of Reason |

In the following interview, End Times Newsman Rick Wiles interviews the legendary Dr. Jim Willie. As Rick explains at the opening of the interview, Dr. Willie is not your “average” guest by any means. Dr. Willie is a “different kind of guest” altogether. Rick explains that it’s one thing to know a lot of facts and statistics about what happened during a previous month or year, but it’s entirely another to mentally process information and events as they comes in, see the long range implications of those various events, and then be able to make accurate predictions from the information. That is precisely what Dr. Willie does, and what makes him so special.

The focus of the interview, as well as the article linked below, is whether or not the Japanese economy is going to collapse. Dr. Willie begins by explaining that all Western banks are in danger of collapsing because of a decision they all made after the 2008 crash. Western banks decided after the last crash that they would “pool” (for lack of a better word) their exposure to derivatives, so that no one bank would be overly exposed. The problem with that arrangement, is that the same banks then expanded the derivatives market to such a degree, that now the whole system is in danger, “pooled” exposure or not.

Dr, Willie explains to Rick that the main reason Alan Greenspan recently flew to Japan was in an effort to try and cutoff or stop any momentum gaining that could cause an entire Western banking contagion capable of bringing the whole system down. In other words, time for Japan to fire up the printing presses for more Zimbabwe style hyper-inflation. It seems the West never learns.

Jim Willie Begins at the 20:00 Mark

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THE VOICE OF REASON is the pen name of Michael DePinto, a graduate of Capital University Law School, and an attorney in Florida. Having worked in the World Trade Center, along with other family and friends, Michael was baptized by fire into the world of politics on September 11, 2001. Michael’s political journey began with tuning in religiously to whatever the talking heads on television had to say, then Michael became a “Tea-Bagging” activist as his liberal friends on the Left would say, volunteering within the Jacksonville local Tea Party, and most recently Michael was sworn in as an attorney. Today, Michael is a major contributor to www.BeforeItsNews.com, he owns and operates www.thelastgreatstand.com, where Michael provides what is often very ‘colorful’ political commentary, ripe with sarcasm, no doubt the result of Michael’s frustration as he feels we are witnessing the end of the American Empire. The topics Michael most often weighs in on are: Martial Law, FEMA Camps, Jade Helm, Economic Issues, Government Corruption, and Government Conspiracy.