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Ron Paul, Jim Willie, Peter Schiff, and Collapse of US Dollar on a Global Scale
“There’s a collusion of all the central bankers, and right now their collusion is mainly to keep the Reserve Currency, the Dollar – alive and well… Eventually the trust will be lost and that’s when you’ll see the real crisis…” - Dr. Ron Paul
Earlier this week, Elijah Johnson had Congressman Ron Paul on Finance and Liberty to discuss the collapse of the US Dollar, political corruption, and what we can do to protect liberty. As Dr. Paul explains, the reason the central banks are artificially propping the dollar up with all the quantitative easing you hear so much about from people like Dr. Jim Willie, Peter Schiff, Michael Snyder, and others, is not to benefit the Dollar, but to set it up for the worst fall imaginable as all trust in the greenback is eroded!
In this post, you’ll get to hear firsthand from people who know how economics works better than anyone. First, hear from Dr. Ron Paul, then the CIA’s Financial Threat and Asymmetric Warfare Advisor Jim Rickards, then Dr. Jim Willie, and finally from Peter Schiff about how the collapse of the U.S. Dollar is going cause tremendous financial pain for all Americans. Dr. Paul says:
“The no win situation the Fed finds itself in, is a sign that we are reaching the inevitable collapse of the fiat currency system. Unless immediate steps are taken to manage the transition, this collapse could usher in an economic catastrophe dwarfing the great depression. Therefore, those of us who know the truth, must redouble our efforts to spread the truth and the ideas of liberty. If we are successful, we might be able to force Congress to manage the transition by cutting spending in all areas then auditing, and ending the Federal Reserve.”
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Up until now, most Americans probably can’t say they’ve noticed a huge difference in their day to day lives between when the national debt was at $15 Trillion, and now that it’s approaching $20 Trillion. That will change dramatically once the Dollar is no longer the Reserve Currency. The following comes from a previous post titled: Economic Markets Shake As Fiat Currencies Collapse, and it explains how the collapse of the Dollar will hurt individual families directly, and hit them HARD!
The United States is going to lose its status as the World Reserve Currency in the coming collapse, because as one economist below puts it: Being connected to the US Dollar is like, “being in a boxing ring wearing a straitjacket.” Americans just DO NOT seem to get the magnitude of this problem. With some help from, Preparing for the Collapse of the Petrodollar System, allow me to briefly explain the impact that the loss of the World Reserve will have upon the United States of America:
Foreign nations would begin sending a flood of U.S. dollars back to the United States in exchange for the new currency needed for oil.
The Federal Reserve would lose their ability to print more dollars to solve America’s economic problems.
The Treasury Secretary and the Federal Reserve Chairman would meet to determine the best course of action.
That action would involve an immediate and dramatic increase in interest rates to reduce America’s money supply.
Hyperinflation would ensue temporarily while the interest rates took time to take full effect.
All oil-related prices, including gas prices, would reach outrageous levels.
Washington would soon realize that the total amount of money in the system would have to be dramatically slashed even further, leading to an even higher increase in interest rates.
The clueless American public would demand answers. Those on the left would blame the right. The right would blame the left. And both political parties would seek to blame the Federal Reserve.
People with adjustable rate debts would be crushed and massive layoffs would occur as businesses suffered from the high interest rates.
Asset prices across the board would plummet in value.
Amid the financial carnage, an economic recovery eventually would begin to take place. But this new American economy would be tremendously smaller due to a drastically reduced money supply.
This brief scenario is far from exhaustive and is probably very incomplete. But I provide it to help you understand the great economic damage that you and I, and our nation in general, would sustain if the petrodollar system were to collapse suddenly.
The Washington elites are intimately aware of how serious the economic situation could become if the petrodollar system collapsed. After all, they were the architects and masterminds of the entire system. And if one considers Washington’s policies since the mid-1970’s, it is evident that they have no intention of allowing the petrodollar system to fail.
GET A FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
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Hear the same thing from the CIA’s Financial Threat and Asymmetric Warfare Advisor Jim Rickards about how the imminent $100 trillion dollar collapse needs only a key flash point to explode. The CIA trusts Jim Rickards analysis… so should you!
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In the following video, Dr. Jim Willie is interviewed by Elijah Johnson at Finance and Liberty, and in the the first question out of the gate Dr. Willie is asked about comments he made when he said that QE (Quantitative Easing) and ZIRP (Zero Interest Rate Policy) are NOT stimulus agents to the US economy, but rather they are a death sentence to the U.S. economy.
In the interview, 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.”
The whole process started in 2012 with QE, but since that time, other countries around the world have realized the Fed has been counterfeiting the Dollar to finance our wars, and to pay our debts. Under most circumstances, other countries may not care about our devastating economic condition, except that as we print more fraudulent money, we weaken THEIR national piggy banks. That is the primary reason for the advent of the new Chinese Banking System to Replace the US Swift Banking System.
Once countries have successfully transferred out of the US Dollar and our banking system, there will be no more need for the U.S. or the Dollar, and then financial Armageddon begins for the United States. The fact that One-Third Of All Americans Don’t Make Enough Money To Even Cover The Basic Necessities. or that 47% of Americans Cannot Even Come Up With $400 For An Emergency Room Visit is nothing compared to what awaits as the bullet point list above made clear.
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In the videos below that both contain interviews with Peter Schiff, you’ll find what is arguably the best assessment I’ve ever come across for what is headed straight for the United States. Sadly, no matter how loud many of us have tried to ring the bell, there are still those that refuse to look at the facts. Peter Schiff says:
“THE DOLLAR COLLAPSE WILL BE THE SINGLE LARGEST EVENT IN HUMAN HISTORY!”
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“This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth, our work, our food, our government, even our relationships are affected by money.”
“No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.”
“This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide”
What makes this story even more infuriating, is that it wasn’t necessary. It didn’t have to happen.” The following posts are excellent tools to really understand what is beginning to happen!
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
ALSO DON’T MISS:
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)
GET A FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
STOP BY WWW.THELASTGREATSTAND.COM FOR SURVIVAL GEAR
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Willie: Economic System is Collapsing Right Now; Us Dollar in a “Short Squeeze”
Dr. Willie: US Markets in Terminal Phase of Economic Collapse… Extreme Pain Ahead
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
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
Jim Willie: When Deutsche Bank Fails, Barclays, Citigroup, and More Will Fall Like Dominos
Dr. Jim Willie and How To Simplify Your Finances To Survive Economic Collapse
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, the Crumbling Global Economy, and the Dollar Crisis
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
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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wish they would stop mucking around and bring it on..the rest of the world would love to see america in its death throes
yeah–thats my thought too–lets get this party started–bring it on! the sorry thing is that the young people are going to get mashed big time–my generation with it pensions and health care nonsense,huge debt thinks it is going to get all the things it has been promised–no chance-maybe we can just have big street parties with lots of booze and the hell with it all…