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Dr. Jim Willie and How To Simplify Your Finances To Survive Economic Collapse
Half a world away, and seemingly out of sight and mind to most Americans, a war is raging inside the borders of Yemen (you might remember it as one of the countries Obama touted as one of his biggest foreign policy successes… yes… THAT Yemen). The problem with that war for Americans, is that it’s beginning to spread more towards the Saudi Arabian border, so when asked how the spreading Yemen war zone into Saudi Arabia could effect the global currency reset, Dr. Jim Willie forecasts it will effect the reset in two ways.
First, Dr. Willie says to expect oil to drop to under $30 per barrel. Saudi Arabia is desperate right now, and they are stuck with very few options. He also says that regardless of what the Saudi’s try to do, the eventual outcome is most likely going to be very bad for both the Saudi’s and the U.S. Now that Iran’s sanctions have been lifted, Iran can sell it’s inventoried oil, which is estimated somewhere in the neighborhood of 100 million barrels. Iran also now has permission to sell an additional half million barrels per day presently, and then in two or three months they can sell another half million barrels per day for a total of one million barrels per day.
Saudi Arabia and OPEC cannot just stop pumping oil and wait for demand to go up, because Iran will move in and take over their market share, so they literally HAVE to keep pumping, no matter how low the price of oil goes. Otherwise they would suffer even greater deficits than they already are, and even present levels are not sustainable.
According to Dr. Willie, contrary to what the Saudi’s tell the rest of the world, their inventories of oil reserves are NOT doing well. They do NOT have the unlimited supply they like to claim they have. As proof of that, Dr. Willie offers their Ghawar oil field, which is under Sunni control in the Eastern portion of Saudi Arabia, however it is producing 98% water, and only 2% oil right now. Conversely, their youngest and most powerful oil fields are in the West, on land primarily inhabited by Shiites, which means Saudi Arabia is at risk of losing those fields if the Yemen war spreads much further.
THAT is why there is a war in Yemen. The war is the result of U.S. propaganda that claims the war is part of the “war on terror,” when in REALITY, the U.S. backed Saudi’s are really attempting to overtake Yemen because of its resources. Geologically, Yemen is as energy rich as Saudi Arabia once was, so the whole war there is a front for the Saudi’s to stabilize their country with new oil reserves.
Here’s part of the problem with their plan. The Saudi’s are running very low on manpower. The situation is so dire, the Saudi’s are importing Sudanese mercenaries who Dr. Willie says are, “being killed like flies in a summer window,” whatever that means. Dr. Willie predicts that in the near future, the fighters in Yemen will team up with ISIS, overthrow the Saudi’s, and then the U.S. loses a key ally in the region, and ISIS gets control of immeasurable wealth. Another raging foreign policy disaster by Obama.
Listen to the rest of the interview to hear what else Dr. Willie thinks will be the eventuality of the phony war ginned up by American meddling where we do not belong! I hope I don’t need to review what all that will mean for a U.S. economy that is already set at warp speed, and headed back to the stone age. So, after the interview, I include a piece by Activist Post on “How To Simplify Your Finances To Survive Economic Collapse.”
Jim Willie: Spreading War in Yemen is Bad News For US
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Each of you reading this is in a different financial position. Some of you are trapped in debt or just getting by, while others have anxiety about how to protect your wealth. Luckily, there are effective preparation strategies for people of all financial levels.
The first of these strategies is to simplify your finances by concentrating on the essentials like getting out of debt and optimizing your savings with prudent investments.
Get Out of Debt
It’s hard to be of any use to yourself, let alone anyone else, during economic collapse if you are buried up to your neck in debt.
Notice we are not saying “pay off your debt” like most financial advisers say to do. It says to get out of debt. Yes, it’s wise to honor your debts to banks, but not if it gets in the way of your basic survival.
Generally, being in debt is bad. Yet not all debt is created equal. Mortgages and business loans can be beneficial. For instance, if you’re upper-middle class, financing a home, capital equipment or inventory for your business offers certain tax benefits that make these loans more desirable than just their obvious utility.
However, credit card debt, car loans and, increasingly, student loans are rarely used productively and should be paid off as quickly as possible so you can get busy creating independence. These categories are what we mean when we refer to debt going forward.
By the way, having an Xbox Live account and multiple iPads doesn’t count as basic survival, just in case some of you who might be infected with first-world-problems syndrome need clarification. Food, shelter, clothing, heat, medicine and essential tools are the basics. If you cannot afford these essentials, your debt is just a number on a computer screen and you have more important things to worry about.
We published an article in 2010 titled 5 Reasons Not to Pay Your Credit Cards, which is still relevant today. However, since then, banks have gotten much more aggressive about garnishing wages to collect your unsecured debts like credit cards. Therefore, it’s probably not a good idea to ignore your credit cards if you have normal job with a W2.
Excluding a comet smashing into Earth, your debt is likely to continue to be a ball and chain slowing you down until you pay it off. The faster the better. This may seem daunting to some of you. The total amount may seem insurmountable. It can make you feel trapped. But you’re only trapped by your belief about what is possible.
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You’ve run the numbers a million times in your head. It’ll take you X number of years to pay off your debt. We’ve all enslaved ourselves this way at some point in our lives. Do you know how to free yourself from this torture? It’s really quite simple. In fact, it’s so easy you won’t believe it works until you try it.
The way to free yourself from this mental torture is to deliberately imagine paying off all your bad debt in 2016. Yes, in a single year. Think about it at the gym, during your commute, while at work, on the toilet, in the shower, while paying bills, while meditating or praying before bed. Think about it a million and one times. And do you know what’s going to start to happen?
You’ll consciously and subconsciously begin doing things to help you achieve that outcome. The significance of changing your thinking cannot be overstated. The universe will bend to your will and start to reveal opportunities. It may seem too “law-of-attraction” or faith-based for you, but indeed an invisible mechanism is at work.
Science-based folks may call it Reticular Activation. This is the effect that happens when we buy a new car and suddenly we notice that same model everywhere we go. Or, if you’re in a crowded train station or night club and someone says your name, your mind immediately recognizes it within the sea of noise.
You may not pay off all your bad debt in 2016, but we’ll guarantee that by scaling your thinking and setting this goal, you’ll be much closer to achieving it than you were before changing your mindset.
Proper Investments
What are appropriate investments to protect yourself from economic crashes?
Although the answer may differ depending on your financial status, some investments are universal for everyone. What’s more, not all investments are financial. You can also invest your time or expertise into a project, organization, skills, etc.
Yet, for those of you with enough abundance to worry about protecting it, here are some general tips that may help insulate you from a pending collapse:
First, sell your boat, literally and figuratively. There comes a point when the “boat” becomes worse than worthless. You can’t sell it and it costs you money to own it. That day is coming. Cut the fat from your budget. Get rid of annoying expenses that no longer deliver you satisfaction or value.
Second, become independent in every feasible way. All of the wealth in the world doesn’t matter if you are dependent on others for your basic needs. If you have investments in stocks, bonds or even in cash, convert some of it into alternative sources of energy and water for your home. This is crucial physical insurance against potential disruptions due to the economy or other outside forces.
Third, localize your investments. Invest in real estate and cash-flow businesses close to where you live. These are tangible assets that you can personally add value to as opposed to owning stocks of companies that are entirely out of your control.
Most of all, if you have the means, your first goal should be to secure your independence.
The rest of this report focuses on strategies to achieve self-sufficiency. The good news is that many don’t require large financial investments.
Please see the video overview of this FREE Special Report put together by Activist Post and presented by Derrick Broze.
How To Survive & Thrive During Economic Collapse
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FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Jim Willie: Global Banking Cabal and Their Satanic Rules Are Ready to Strike
Jim Willie: Both Our Allies and the American People Absolutely Hate Our Government
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
Jim Willie: Armageddon Coming to U.S. With Trillions Exposed In Derivatives
Jim Willie, The Fed’s Week of Reckoning, and an Isolated United States
Jim Willie: After Banks Fail, Government Seizes IRA’s, 401k’s, and Pensions
Jim Willie, the Crumbling Global Economy, and the Dollar Crisis
Jim Willie: What Do the Oil Black Market, NATO, and ISIS Have in Common?
Jim Willie; One on One -Taking Questions On the Most Pressing Matters of the Day
Jim Willie: The Fed, Yellen, US Dollar, and Negative Interest Are a Joke!
Jim Willie Explains U.S. Nuclear Threats to China & Russia Over Challenging the Dollar
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff: Due to the Feds Antics, the Market is Very Dangerous Now
Peter Schiff: 2015 Was The Worst Year Since 2008 and Stocks Still Dropping
Peter Schiff: Janet Yellen Strayed From Her Own Plan and Went Nuts!
Peter Schiff: Higher Spending During Holidays Does Not Fix Screwed Economy
Peter Schiff and “If The Economy Is Fine, Why Are So Many Large Retailers Imploding?”
Peter Schiff: Take a Good Look at the “New” American Dream!
Peter Schiff: Did the Fed’s Luck Run Out On Friday the 13th?
Peter Schiff and “The 4 Harbingers Of Stock Market Doom”
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
Peter Schiff: 11 Trillion In Global Stock Losses and Awful Jobs Report
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as far as i know in order to kill 1 country currency that country must have 0 production… and nothing that interests other countries… i might be wrong but i dont think the “currency” is like a building that u can just demolish over night…so chill… da buck shall remain as long as the USA exsist
I think what will happen with the u.s dollar is it will go away as the petro reserve currency and that will be replaced by something the IMF will offer. The IMF is still setup and run the u.s treasury so really they haven’t lost their little debt for labor/land scam they have going on.
I actually think they want the u.s to crash hard so they can swoop in and foreclose on all the private land so they will own everything. They really want those ranchers lands that is sitting on resources right now.. There is huge money to be made off that land the BLM is stealing, and I think people really need to wake up to what was happening in oregon.. There should have been 100,000 people marching out there to put an end to this land theft.. They simple fact under 200 were there, is testament to how lost the country actually is while everyone stumbles around in a brainwashed stupor wondering who is going to win the superbowl.. When they should be more concerned with the jewish bankers stealing their land/resources.. And i am not an anti-semite either, go look at these IMF/Fedeal reserve clowns… All jewish because the entire thing is setup out of London via Rothschild… There are even good hearted jews who will say that and condemn it..
You guys have no idea what is coming down the pike, but the u.s won’t be living high on the hog much longer.. Watch for the IMF to announce a new global currency.. That will be your red flag to spend your dollars as fast as you can on food and supplies.. because when it finally collapses, the trucking industry will collapse as well, and you won’t be able to buy anything within weeks of the IMF making the announcement.
P.S This is also the main reason for the false flag gun violence in the u.s.. They will try to disarm America before the end of summer, if not sooner….
The Saudi royals and five thousand of their closest relatives and friends will be given sanctuary in the US.