Jim Willie: Chinese Replace US Swift Banking System, Hastening US Dollar Collapse

(Before It's News)

In the following video, Dr. Jim Willie Joins Pitchfork Radio for another 2 hours of incredible background into the current worldwide economic upheaval unfolding right before the eyes of anyone smart enough to ignore the nonsense coming out of the Mainstream Media. If only for a moment, Dr. Willie begins with a bit of a softer tone than his usual brash approach to things. He admits that because the US Dollar has become SO toxic, and it’s having such an effect on world markets, that all the interviews he’s been doing are really wearing him out. Explaining to large audiences that they’re about to lose their life savings is harder than he makes it sound, and that accounts for a lot of the joking that he does and the sarcasm that he uses. 

As Dr. Willie has said before, we are entering the stage of collapse he calls “The Quickening,” named after a term borrowed from the Highlander movie series and televisions series. To better understand the analogy:

The lead cast member of the television series, Adrian Paul, explained, “The Quickening is the receiving of all the power and knowledge another immortal has obtained throughout his/her life. It is like the receiving of a sacrament or a massive orgasm.” The series producers stated, “The power of the Quickening is the equivalent to a major electrical storm hitting—windows explode, lights short circuit, it is almost as if the victorious Immortal is in the center of a lightning storm.”

After a light introduction, Dr. Willie dives right in and begins with the topic of Iran. He says thanks to Obama pushing so hard for the sanctions on Iran to be lifted as part of his notoriously bad nuclear deal, Iran is a superpower in the making. Even worse, they are partnering up with other U.S. foes including China and Russia. As further proof that we are witnessing the end of the US Dollar as the World Reserve Currency, Dr. Willie begins screaming about how just recently, Russia and China announced that they will no longer be conducting ANY trade in U.S. Dollars. Not only that, the Chinese have developed a system over the last two years that has allowed them to break away from the SWIFT system. Why is that important to know? 

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The SWIFT system is the banking system used by the United States and the West to move money from bank to bank. It’s also the means by which the U.S. imposed sanctions on Iran, how the U.S. has been able to make threats against banks in Switzerland, and how we’ve been able to sanction Russia when necessary. Investopedia explains: 

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications. It is a messaging network that financial institutions use to securely transmit information and instructions through a standardized system of codes.

In anticipation of total the collapse of the U.S. Dollar, the Chinese have created, and successfully tested what they call The Chinese Interbank System (CIPS). With an alternative system now in place, tested, and fully operational, that just means the death of the Dollar that much quicker. Don’t forget that in an earlier post, Dr. Willie Took the Time To Explain How the Loss of the US Dollar as Reserve Currency Affects You Personally as a U.S. citizen. HINT: It’s REAL BAD! 

That’s why I chose the article below by Michael Snyder highlighting how 23 Percent Of Americans In Their Prime Working Years Are Unemployed. The talk in the mainstream media about how the economy is doing fine, and how we should be expecting further interest rate hikes is complete NONSENSE! It is my hope that by listening to people like Dr. Willie, Peter Schiff, and Michael Snyder that those who have the means to save and prepare for the worst are getting this information, before it’s too late. 

That’s just the tip of the iceberg, as Dr. Willie is with Pitchfork Radio for two full hours. Enjoy it to the extent that you can! 

NEW: THE FOLLOWING TWO POSTS FEATURE BOTH PETER SCHIFF AND DR. JIM WILLIE: 

Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming

Peter Schiff and Dr. Jim Willie Warn Investors About Timing Fed Market Rally

Jim Willie: Chinese Replace US Swift Banking System, Hastening US Dollar Collapse

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Michael Snyder writes:

Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working age Americans that do not have a job right now?  I have written about this before, but today I want to focus just on Americans that are in their prime working years.  When you look at only Americans that are from age 25 to age 54, 23.2 percent of them are unemployed right now.  The following analysis and chart come from the Weekly Standard…

Here’s a chart showing those in that age group currently employed (95.6 million) and those who aren’t (28.9 million):

“There are 124.5 million Americans in their prime working years (ages 25–54). Nearly one-quarter of this group—28.9 million people, or 23.2 percent of the total—is not currently employed. They either became so discouraged that they left the labor force entirely, or they are in the labor force but unemployed. This group of non-employed individuals is more than 3.5 million larger than before the recession began in 2007,” writes the Republican side of the Senate Budget Committee.

Clearly, we have never recovered from the impact of the last recession.

But let’s try to put these numbers in context.

Below, I would like to share two charts with you.  They show what has happened to the inactivity rates for men and for women in their prime working years in the United States in recent years.

In order to be considered “inactive”, you can’t have a job and you can’t be looking for a job.  So this subset of people is smaller than the group that we were talking about above.  The 23.2 percent of Americans in their prime working years that are unemployed right now includes those that are looking for a job and those that are not looking for a job.

These next two charts do not include anyone that has a job or that is currently looking for a job.  These charts only cover “inactive” people in their prime working years that are not considered to be in the labor force.

As you can see in this first chart, the inactivity rate for men in their prime working years exploded higher during the last recession and then continued to go up even after the recession supposedly ended.  At this point, it is hovering near all-time record highs.  Does this look like an “economic recovery” to you?…

For women, we see a similar thing.  In this next chart, you can see that the inactivity rate for women in their prime working years rose during the last recession and then just kept on rising.  At this point, it remains far higher than it was during the last recession…

What are we to make of all this?

For both men and women in their prime working years, the inactivity rate is significantly higher than it was during the last recession.

All of these people neither have a job nor are they looking for one.

So what in the world is going on here?

Are they independently wealthy?

Have these people found rich spouses to marry so they don’t have to work?

No, the truth is that the middle class in America is steadily eroding and poverty is absolutely exploding.  Credit card debt has soared to a new record high, and 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.

The issue isn’t that people don’t want to work.

The issue is that people cannot find enough work.

And even if you have a job, that does not mean that you are on easy street.  According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

Tens of millions of Americans are now among the ranks of “the working poor”.  So many families are watching their expenses soar while their paychecks go down or stagnate.  If you are in this situation right now, then you probably know how exceedingly stressful it can be.

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Just look at what is happening to the cost of health insurance.  The following comes from Fox News…

Health insurance premiums have increased faster than wages and inflation in recent years, rising an average of 28 percent from 2009 to 2014 despite the enactment of Obamacare, according to a report from Freedom Partners.

And I am not exactly sure where they got those numbers.  Personally, I know that my health insurance rates have gone up far faster than that.

Two years ago, my health insurance company wanted to double the health insurance premiums for my family even though we never get sick.  So I switched to another insurance company that offered a policy that was only about 30 percent higher than my last one.  But then when it came time to renew, that insurance company wanted to raise my rate by another 50 percent.

Thanks to Obamacare, American families are being absolutely crippled by the cost of health care.  And of course we are seeing the rising cost of living so many other places as well.  Our paychecks are being squeezed harder and harder, and this is absolutely killing the middle class.  In fact, the middle class in America is now a minority for the first time ever.

And now for the real bad news – this is about as good as things are ever going to get in this country.  As you can see from what I have shared above, we never really had any sort of meaningful “economic recovery”, and now we have entered the early phases of the next major downturn.

So where do we go from here?  Unfortunately, our debt-fueled prosperity has provided us with a massively inflated standard of living that is not even close to sustainable.  As this bubble bursts, the economic pain is going to be absolutely unprecedented.

But it won’t be just economic pain that we are facing.  In my new book, I detail the things that I believe that are coming to this country, and I explain why the entire planet will soon be facing incredibly challenging times.  It is going to be one of the most controversial Christian books of 2016, because it directly challenges many of the things that are being taught in mainstream churches today.  My book is an ominous message of warning and an inspiring message of hope, and I truly believe that it is the most important thing that I have ever written.

No matter how you may see the future, the key is that we all learn to love one another.  The years ahead are going to be extremely challenging, and those that want to chase everyone else away and survive as lone wolves are going to have a very rough time.  We all need each other, and those that have friends, family and communities around them are going to be in a much better position to weather the coming storms.

So let us hope for the best, but let us also prepare for the worst…

PROTECT YOUR FAMILY BEFORE THE CRASH!

STOCK UP ON FOOD SUPPLIES WHILE THERE IS STILL TIME!

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FOR MORE GREAT MATERIAL FROM JIM WILLIE:

Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar

Jim Willie and How the Loss of the US Dollar as Reserve Currency Affects You Personally

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

Jim Willie: Putin, the Gulf Emirates, Iran, and Saudi Arabia Plan Death of US Dollar

Dr. Jim Willie: US Dollar is Being Surrounded By All Sides; It’s Tragically Comical

Dr. Jim Willie: We’re in the Bottom of the 9th; The US Dollar is Dying (2/28)

Dr. Jim Willie: Economic Collapse is On Our Doorstep

Jim Willie: “The Quickening” is Approaching Global Economic Markets

Jim Willie: When Deutsche Bank Fails, Barclays, Citigroup, and More Will Fall 

Dr. Jim Willie and How To Simplify Your Finances To Survive Economic Collapse

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

FOR MORE GREAT MATERIAL FROM PETER SCHIFF:

Peter Schiff: Newest Recession Hiding in Plain View; American Dream Is Dead

Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History

Peter Schiff: Federal Reserve Only Delaying Total Financial Collapse of U.S. Economy

Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People

Peter Schiff: Recovery Fantasy Persists Despite Recession Evidence

Peter Schiff: Here Comes the Great, Great, Great, Great Recession!

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 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 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

PROTECT YOUR FAMILY BEFORE THE CRASH!

STOCK UP ON FOOD SUPPLIES WHILE THERE IS STILL TIME!

WWW.THELASTGREATSTAND.COM

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