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Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited

Tuesday, March 22, 2016 19:43
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(Before It's News)


In the following interview, when asked for his take on what’s been happening in the financial markets, Dr. Jim Willie begins by saying what he’s been hearing is extremely hard to confirm because of the overly sensitive nature of the information he’s heard. He says he’s been hearing that financial deals are taking place behind closed doors, and between established economic countries, but without the U.S. being invited to sit at the table. 

Dr. Willie says the few invitations the US has gotten to be a part of, our role at the bargaining table has been as an equal, or as one among many, not as the purveyor of the World Reserve Currency like we’re used to. He says many of the talks going on right now deal with a shift toward what will soon be a new gold backed World Reserve Currency. As part of that shift, just about every country needs to remove itself from a US Dollar based commodity and inventory supply system. As you can imagine, having to change the way critical commodities like oil or coal are priced and shipped into any country is a major undertaking… so he says right now we are in the calm before the big financial storm… And that’s just the beginning… Enjoy!

After the interview with Dr. Willie, in the event you need to hear just how bad things are from multiple credible sources other than just Dr. Willie and Peter Schiff, Michael Snyder sheds light on how bad things are in the banking sector, when he talks about how the banks have considered what they call, “Helicopter Money.”


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Michael Snyder Writes:

Should central banks create money out of thin air and give it directly to governments and average citizens?  If you can believe it, this is now under serious consideration.  Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before.  But despite these unprecedented measures, the global economy is still deeply struggling.  This is particularly true in Japan, in South America, and in Europe.  In fact, there are 16 countries in Europe that are experiencing deflation right now.  In a desperate attempt to spur economic activity, central banks in Europe and in Japan are playing around with negative interest rates, and so far they seem to only have had a limited effect.

So as they rapidly run out of ammunition, global central bankers are now openly discussing something that might sound kind of crazy.  According to the Telegraph, central banks are becoming increasingly open to employing a tactic known as “helicopter money”…

Faced with political intransigence, central bankers are openly talking about the previously unthinkable: “helicopter money”.

A catch-all term, helicopter drops describe the process by which central banks can create money to transfer to the public or private sector to stimulate economic activity and spending.

Long considered one of the last policymaking taboos, debate around the merits of helicopter money has gained traction in recent weeks.

Do you understand what is being said there?

The idea is basically this – central banks would create money out of thin air and would just give it to national governments or ordinary citizens.

So who would decide who gets the money?

Well, they would.

If you are anything like me, this sounds very much like Pandora’s Box being opened.

But this just shows how much of a panic there is among central bankers right now.  They know that we are plunging into a new global economic crisis, and they are desperate to find something that will stop it.  And if that means printing giant gobs of money and dropping it from helicopters over the countryside, well then that is precisely what they are going to do.


In fact, the chief economist at the European Central Bank is quite adamant about the fact that the ECB can print money out of thin air and “distribute it to people” when the situation calls for it…

ECB chief Mario Draghi has refused to rule out the prospect, saying only that the bank had not yet “discussed” such matters due to their legal and accounting complexity. This week, his chief economist Peter Praet went further in hinting that helicopter drops were part of the ECB’s toolbox.

All central banks can do it“, said Praet. “You can issue currency and you distribute it to people. The question is, if and when is it opportune to make recourse to that sort of instrument“.

Apparently memories of the Weimar Republic must have faded over in Europe, because this sounds very much like what they tried to do.  I don’t know why anyone would ever want to risk going down that road again.

Here in the United States, the Federal Reserve is not openly talking about “helicopter money” just yet, but that is only because the stock market is doing okay for the moment.

Most Americans don’t realize this, but the primary reason why stocks are doing better in the U.S. than in the rest of the world is because of stock buybacks.  According to Wolf Richter, corporations spent more than half a trillion dollars buying back their own stocks over the past 12 months…

During the November-January period, 378 of the S&P 500 companies bought back their own shares, according to FactSet. Total buybacks in the quarter rose 5.2% from a year ago, to $136.6 billion. Over the trailing 12 months (TTM), buybacks totaled $568.9 billion.

When corporations buy back their own stocks, that means that they are slowly liquidating themselves.  Instead of pouring money into new good ideas, they are just returning money to investors.  This is not how a healthy economy should work.

But corporate executives love stock buybacks, because it increases the value of their stock options.  And big investors love them too, because they love to see the value of their stock holdings rise.

So we will continue to see big corporations cannibalize themselves, but there are a couple of reasons why this is starting to slow down.




Number one, corporate profits are starting to fall steadily as the economy slows down, so there will be less income to plow into these stock buybacks.

Number two, many corporations have used debt to fund buybacks, but now it is getting tougher for corporations to get new funding as corporate defaults rise.

As stock buybacks slow, this is going to put downward pressure on the market, and we will eventually catch up with the rest of the planet.  At this point, many experts are still calling for stocks to fall by another 40, 50 or 60 percent from current levels.  For example, the following comes from John Hussman

From a long-term investment standpoint, the stock market remains obscenely overvalued, with the most historically-reliable measures we identify presently consistent with zero 10-12 year S&P 500 nominal total returns, and negative expected real returns on both horizons.

From a cyclical standpoint, I continue to expect that the completion of the current market cycle will likely take the S&P 500 down by about 40-55% from present levels; an outcome that would not be an outlier or worst-case scenario, but instead a rather run-of-the-mill cycle completion from present valuations. If you are a historically-informed investor who is optimistic enough to reject the idea that the financial markets are forever doomed to extreme valuations and dismal long-term returns, you should be rooting for this cycle to be completed. If you are a passive investor, you should at least align your current exposure with your investment horizon and your tolerance for cyclical risk, which we expect to be similar to what we anticipated in 2000-2002 and 2007-2009.

When the S&P 500 does fall that much eventually, the Federal Reserve will respond with emergency measures.

So yes, we may see “helicopter money” employed in Japan and in Europe first, but we will see it here someday too.

I know that a lot of people out there are feeling pretty good about things for the moment because U.S. stocks have rebounded quite a bit lately.  But remember, the fundamental economic numbers just continue to get even worse.  Just today we learned that existing home sales in the United States had fallen by the most in six years.  That is definitely not a sign that things are “getting better”, and I keep trying to warn people that tumultuous times are dead ahead.

And if global central bankers did not agree with me, they would not be talking about the need for “helicopter money” and other emergency measures.


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  • Few know what occurred in congress in 2002: the US government was turned over to the New World Order of a cabal. it was the final stages of a process that began a couple of decades earlier to contract out our systems and data to private companies. But we still had funding for internal audit controls as well as budget to arrest crimes contractors ight commit. tHAT ENDED IN 2002. No funding to stop blatant disregard for the laws, policies of the nation, let alone constitutional rights. and huge suims have been blatantly stolen as it fadually got more and more contracting out of govt at all levels down to bribery chargers to city coucils to contract our their traffic cams with no right to know how many tickets were mailed out and how much money collected And the track record is not one of ethics or obeying the laws, either. SEC has no funding either to top blatant condlicts of interest, especiilay in health csare when one entiey manages insuers ad got health palns. and yoir doctor has to be ‘managed by them now’ and they bill themselves and pay the claims and hack systems to steal. all well documented but nothing can ge done . As the US Atty said in 2008, when three OIGS and Justice and FBI was going in and found out CONGRESS ALLOWS NO MONEY TO STOP THE BIGGEST RICCO CASE IN THE HISOTRY OF THE USA ROBBING MEDICARE FROM WITHIN ITS OWN CONTRACTORS UNDER THIS he said that the evidence I and 500 named witnesses had well documented was good enough for search warrants and to go but THE USA HAD NO FEDERAL LAW ENFORCEMENT ALLOWED TO DO IBY ACT OF NO BUDGET FROM CONGRESS. DOD got some and I praise Sec Rumsfeld for that even if some do not like him and its was not enough to stop billions stolen and Senator Bernie Sanders got it in at VA when he was given short term power over that committee and a conviction just occurred. the endorcemnt of the laws under dumping onto by primary health inseres and plans was done in 1994 and Cngress did nothing about that to this day. as all ran off to read a pormograhic Starr reports and discuss a stained blue dress leaving the nation to be robbed by those who sidestrack us any way they can. Congress is not popular as tthey cannot help their consitutents as they are not allowed to contract the contractors and most of the govt is under theme and none in the real govt knows what is going on as they have records and data withheld from them and much of the records have ‘disappeared; before 2002 to even access. SSA;s OIG was denied access to check out security on a system all of us have records in over a year ago as we know its not secure and items have disappeared. THAT IS THE HACKING THAT AFFECTS ALL OF US TO HAVE NONE OF OUR GOVT FILES SECURE FROM THE ONES WE CONTRACT TO TAKE CARE OF THINGS FOR US AND CANNOT SPEND ONE PENNY TO OVER SEE AND GET RID OF CROOKED ONES AND HIRE SOME ETHICAL ONES OR BRING ALL BACK IN HOUSE TO REAL GOVT EMPLOYEES WHOSE WORK CAN BE OVERSEEN AND CRIMINALS ARERSTED IF THEY COMMIT CRIMES. I have 38 federal judges being defied by this cabal right now and I AM NOT ALONE IN ALL OF THIS. And if the wrong health plan pays that is a govt funded one, then the patient is overpaid even after ones estate has been probated for ones heirs to have property taken by this cabal Since I have done criminal investigations for the govt , I knew immediately in 2002 something was wrong and this cabal got very unhappy with ne to be found out as often these laws are stuck in huge bills not read and most in congress do not know its occurred, even yet. Its a mater of life and death for me as life sustaining medical care blocked often . I am alive due to good doctors who have treated any way, but several have retired in this and the younger ones under real attack to uphold their oath to help patients. Do not let any one convince you not to vote. and most have secret ballots and one does not have to say whom you vote for if you are in an area of heated disputes.Linda Joy Adams


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