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Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!

Thursday, April 14, 2016 12:07
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(Before It's News)

Want to know Why the Super Rich Leaving Major Cities, Even Renouncing Citizenship? In the video below, Dr. Willie explains something that a recent article below by Michael Snyder points out as well. People are are finally catching on to the fact that QE (Quantitative Easing) and ZIRP (Zero Interest Rate Policy) are NOT stimulus agents to the US economy, or anywhere else they are being employed, but rather they are a death sentence to the U.S. economy, and the economies whose central banks are employing the tactics, which is almost everywhere. 

Dr. Willie explains that the Fed is in a real jam. The Fed is completely stuck because it has to employ the global financial derivative machinery, but unfortunately, there is nowhere near adequate demand for Treasury Bonds, so to compensate for that, the Fed keeps printing more money, and in effect “monetizing the debt.” For more on the subject, Dr. Willie has covered more than once how the US Dollar is now being manipulated through a top secret fund know as the Exchange Stabilization Fund, because the US Dollar is now deemed a matter of national security by the US Government. 

Dr.Willie explains that “Monetizing the debt,” is really just a Zimbabwe monetary type policy where the Fed is printing paper money to pay our debts back with dollars that are worth less than the dollars we borrowed. “Monetizing the debt,” is just another name for for Quantitative Easing, which is just another name for printing unlimited amounts of money, which is just another name for an economic death sentence for any country dumb enough to be partaking in such foolishness. It’s a Band-Aid over the situation intended to last just long enough for those with something to lose (the global elites) to protect themselves. 

Quantitative easing, or the “monetizing of the debt,” whatever you want to call it, is really the most deadly, most lethal policy that any central bank can partake in, and it’s being done on the US Dollar, with the Global Reserve Status hanging in the balance. The end result, Dr. Willie Explains, is un-sterilized hyper-monetary inflation, which is an absolute death warrant for the US dollar.

Foreseeing the global economic nightmare ahead, countries like Russia and China have been wise to distance themselves from Rothschild controlled central banks, (also large reason Soros attacked Putin via the “Panama Papers”), and why the Chinese have already invested, and successfully tested the successor to the US Swift Banking System, no doubt one of the largest non-military weapons the U.S. has been able to wield for decades. 

After the interview with Dr. Jim Willie, you can find several CRUCIAL interviews with Dr. Jim Willie, Peter Schiff, and Harry Dent explaining that a “Global Currency” reset is coming, with even more links to supporting articles at the bottom. What should frighten people into beginning to prepare, is what Michael Snyder calls to attention in his more recent post titled: Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic.

The article points out how even MAJOR news outlets are beginning to give in to the fact that a global currency reset is coming. 





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

Jim Willie: Americans Are Destitute Now, Wait Until The US Dollar Collapses

Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says (Video)

Michael Snyder writes:

Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.  For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse.  In this article, we are going to examine evidence of this from South America, Europe, Asia and North America.  Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now.  The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world.

Let’s start with Brazil.  It has the 7th largest economy on the entire planet, and it is already enduring its worst recession in 25 years.  In fact, at the end of last year Goldman Sachs said that what was going on down there was actually a “depression.”

But now the crisis in Brazil has escalated significantly.

I want to share with you an excerpt from a recent article entitled “Brazil: Economic collapse worse than feared.”  I know, that title sounds like it comes directly from The Economic Collapse Blog, but I didn’t write it.

It actually comes from CNN

Amid political chaos, Brazil’s economic collapse is worse than its government once believed.

In the midst of rising calls to impeach President Dilma Rousseff, Brazil’s central bank announced Thursday that it now expects the country’s economy to shrink 3.5% this year.

That’s worse than the central bank’s previous estimate for a 1.9% contraction. The darker forecast matches what the International Monetary Fund projected for Brazil — Latin America’s largest country — and what many independent economists have suspected.

It is one thing for Michael Snyder to tell you that Brazil is in the midst of “economic collapse,” but it is another thing entirely for CNN to say it.




And of course I have been warning about the crisis down in Brazil for quite some time now.  For much more on this, please see my previous article entitled “The Economic Collapse Of South America Is Well Underway.

Meanwhile, things are actually much worse in Venezuela than they are in Brazil.  Food and basic supplies are in short supply, the inflation rate has hit 720 percent, and crime is completely out of control.

The following is from an article in the Independent entitled “Venezuela is on the brink of complete economic collapse”…

The only question now is whether Venezuela’s government or economy will completely collapse first.

The key word there is “completely.” Both are well into their death throes. Indeed, Venezuela’s ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it’s hard to see that getting any better for them any time soon — or ever.

Incumbents, after all, don’t tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It’s no wonder, then, that markets expect Venezuela to default on its debt in the very near future. The country is basically bankrupt.

Once again we see a very respected mainstream publication using the phrase “economic collapse” to describe what is happening in South America.You can find some stunning video of the “economic Armageddon” that is taking place in Venezuela right here.  I would encourage you to watch that video, because what is happening down there will eventually be happening here.

Meanwhile, over in Europe the collapse of the Italian banking system has entered a disturbing new chapter.  Italy’s finance minister has called a meeting in Rome for Monday that will be focusing on a “last resort” bailout plan for the troubled banks…

Finance minister Pier Carlo Padoan has called a meeting in Rome on Monday with executives from Italy’s largest financial institutions to agree final details of a “last resort” bailout plan.

Yet on the eve of that gathering, concerns remain as to whether the plan will be sufficient to ringfence the weakest of Italy’s large banks, Monte dei Paschi di Siena, from contagion, according to people involved in the talks.

Italian bank shares have lost almost half their value so far this year amid investor worries over a €360bn pile of non-performing loans — equivalent to about a fifth of GDP. Lenders’ profitability has been hit by a crippling three-year recession.


As Italy descends into financial chaos, the rest of the continent better be paying attention.

Do you remember how hard it was for the rest of Europe to rescue Greece?

Well, Greece has the 44th largest economy on the planet.

Italy has the 8th.

It would be hard to overstate the seriousness of what is going on over in Europe, and it is not just Italy we are talking about.  All over the continent major banks are in deep trouble, and the chairman of France’s second largest  retail bank recently told reporters that “I am much more worried than I was in 2009.

And there is very good reason for concern.  On Sunday, we learned that a major “bail-in” had just been announced for one of Austria’s most prominent banks.  The following comes from Zero Hedge

And then today, following a decision by the Austrian Banking Regulator, the Finanzmarktaufsicht or Financial Market Authority, Austria officially became the first European country to use a new law under the framework imposed by Bank the European Recovery and Resolution Directive to share losses of a failed bank with senior creditors as it slashed the value of debt owed by Heta Asset Resolution AG.

The highlights from the announcement:

Today, the Austrian Financial Market Authority (FMA) in its function as the resolution authority pursuant to the Bank Recovery and Resolution Act (BaSAG – Bundesgesetz über die Sanierung und Abwicklung von Banken) has issued the key features for the further steps for the resolution of HETA ASSET RESOLUTION AG. The most significant measures are:

a 100% bail-in for all subordinated liabilities,

a 53.98% bail-in, resulting in a 46.02% quota, for all eligible preferential liabilities,

the cancellation of all interest payments from 01.03.2015, when HETA was placed into resolution pursuant to BaSAG,

as well as a harmonization of the maturities of all eligible liabilities to 31.12.2023.

According to the current resolution plan for HETA, the wind-down process should be concluded by 2020, although the repayment of all claims as well as the legally binding conclusion of all currently outstanding legal disputes will realistically only be concluded by the end of 2023. Only at that point will it be possible to finally distribute the assets and to liquidate the company.

The dominoes are starting to fall in Europe, and I would expect even bigger announcements in the weeks and months to come.

Over in Asia, economic chaos is beginning to prevail as well.

In China, the stock market is already down more than 40 percent from the peak, Chinese exports were down 25.4 percent on a year over year basis in February, and Chinese economic numbers overall have not been this poor since the depths of the last global recession.

At the same time, the Japanese economy is really struggling right now.  As I wrote about the other day, Japanese GDP has shrunk for two out of the last three quarters, we just saw Japanese industrial production experience the biggest one month decline that we have witnessed since the tsunami of 2011, and business sentiment has fallen to a three-year low.  The Nikkei has dropped by about 5,000 points from where it was last summer, and some analysts believe that Japanese markets “are being destroyed” due to massive intervention by the Bank of Japan.

Here in the United States, we haven’t been hit quite as hard as the rest of the world just yet, but there are lots of very disturbing warning signs all around us.




At the end of last week, we learned that it is being projected that U.S. GDP will have grown by just 0.1 or 0.2 percent during the first quarter of 2016.  And on Monday corporate earnings reporting season begins, and it is expected to be a very, very bad one.  The following comes from Business Insider

We are about to get confirmation that earnings growth for America’s biggest companies was negative in the first quarter, compared to the same period a year ago.

When aluminum giant Alcoa releases its results on Monday, it will mark the unofficial start of the heaviest reporting season for S&P 500 companies.

The final scoreboard is expected to show a 9.1% earnings drop for the quarter, according to FactSet senior earnings analyst John Butters.

If these projections turn out to be accurate, it will be the fourth quarter in a row of earnings declines.  This is something that we never see outside of a recession.

And for a whole bunch more numbers which indicate that the U.S. economy is in very serious trouble, please see my previous article entitled 19 Facts That Prove Things In America Are Worse Than They Were Six Months Ago.

Of course I am just another voice in the crowd when it comes to predicting that the U.S. economy is headed for rough times.  For example, just check out what Societe Generale economist Albert Edwards is saying

A tidal wave is coming to the US economy, according to Albert Edwards, and when it crashes it’s going to throw the economy into recession.

…the profit recession facing American corporations is going to lead to a collapse in corporate credit.

“Despite risk assets enjoying a few weeks in the sun our fail-safe recession indicator has stopped flashing amber and turned to red”

He continued:

Whole economy profits never normally fall this deeply without a recession unfolding. And with the US corporate sector up to its eyes in debt, the one asset class to be avoided — even more so than the ridiculously overvalued equity market — is US corporate debt. The economy will surely be swept away by a tidal wave of corporate default.

As you can see, it isn’t just one nation or one region of the world that we need to be concerned about.

Economic chaos is erupting literally all over the planet, and global leaders are starting to panic.

Unfortunately, they have had seven years to try to fix things since the last global recession, and they didn’t get the job done.  Anyone who believes that by some miracle they will be able to pull us out of the fire this time and that everything will somehow be okay is simply engaged in wishful thinking.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog, where this article first appeared. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on*




Dr. Jim Willie: The Global “Banksters” Plan For the Economic Markets (Video)

Dr. Jim Willie: Expect More US Voter Fraud as US Debt Problem Looms

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

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

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: 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

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 Crumbling Global Economy, and the Dollar Crisis




Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”

Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’

Peter Schiff: “Can Donald Trump Really Make America Great Again?”

Peter Schiff: “China is Bleeding It’s Secret Account. Time to Panic!”

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

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: 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

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Total 9 comments
  • The world currencies are all about to bust thanks to the satanic elite. Time to get ready to be able to provide for yourself and your families. Learn to farm. Learn to hunt. Start preparing while you still have time.

    Check out my series on Revelation!

    God Bless!

    • b4

      go away and take your bs with you

  • mitch51

    I have been hearing this since 1958. Boy, it must be a sloooooow process.

  • I like the country of ‘Murica too but she’s gettin’ old and and she ain’t what she used to be. :shock:

  • The dollar could be stiffened if their was a Jew profit to be made by injecting the Federal Reserve with Viagra.

  • You are right. But the dollar is not dead…. yet! It’s on life support.

    It will die on its own and very soon at that. Then WAR will be declared to point the blame elsewhere and as usual the people that started it all will be smiling as they send your sons and daughters to war.

    • b4

      no–the dollar is the only game in town–will get stronger–i love willie’s writing style but he is wrong–dollar is good into 2018,maybe 2020–just like the usa stock market–massive money flowing into usa–europe is toast–all these people predicting lower or crash in the stock market and the dollar–aint gonna happen,not for 2 years–write it down–maybe not til 2020

  • Its all based of consumer confidence as long as we believe its solid we have control,the second we lose faith we will sink and give control to them they are pissed that propaganda has lost its power to control the masses.

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