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Dr. Jim Willie Debuts on New Radio Show; Talks About “The Zombie Economy”
Anyone who has listened to Dr. Jim Willie knows what a handful he can be, and this week thanks to the constant nagging of The Ochelli Effect’s largest contribute, the show was lucky enough to experience Dr. Willie himself for the first time. Given Dr. Willie’s “eccentric” style, for lack of a better word, I’m sure the host was probably reconsidering his choice as a guest for at least a second or two, when he almost giggled while mentioning Dr. Willie’s website titled “The Golden Jackass,” and then again when he asked Dr. Willie how he was doing, and the response he got was:
“I’m doing quite strange, but I’m doing well…”
Barely pausing to take a breath, Dr. Willie continues, “We’re in the endgame here. We’re in the middle of a long, long battle with the death of the Dollar, and we’ve been in this battle since November or December… but this whole process of breakdown started long before even Lehman Brothers… long before…”
Dr. Willie explains how the plan (or this part of this plan maybe I should say) for the destruction of the United States began a long time ago. Those responsible for the plan to take down the U.S. knew it would take a full generation for the debt saturation to become the problem that it has, and they knew it would take a full generation of our reliance of the re-engineered financial markets that we have in fact become so reliant on like they predicted, before the country would wind up where we find ourselves today: Living in what the host of The Ochelli Effect calls, “The Zombie Economy.”
The name “Zombie Economy” comes from the notion that the U.S. economy died in 2008, and since then, the life and vibrancy that once existed in the U.S. economy is long gone, and just an empty vessel remains in its place, moving along aimlessly just like a zombie. What follows is a two-hour bonanza of classic Jim Willie with an all new audience, and an all new show personality to interact with, so get comfortable, put on your comfortable pajamas, your favorite slippers, and let Dr. Willie share a bedtime story with you that may give you nightmares… It’s called “The Future of America.”
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The First Week of May, Profit Confidential Asked: Will the U.S. Dollar Collapse in 2016?
Although the stock market grew at a rapid clip in recent years, 2015 is shaping up as a tipping point for the economy. Growth sputtered to a near standstill by the middle of the year as the economy was plagued by a bundle of problems. Tectonic forces beneath daily market movements continued raising fears of a U.S. dollar collapse in 2016.
There are two main factors that could trigger a U.S. dollar collapse. China could achieve reserve currency status for the yuan, undermining the relevance of the U.S. dollar and U.S. stock markets could crash. Again.
Think of how the world is changing. Since the 2008 stock market crash, asset prices were buoyed by easy money from the Federal Reserve. Stock markets soared as investors regained their confidence. But that confidence came at a steep price.
The Federal Reserve spent more than $4.0 trillion preventing both a stock market crash and the U.S. dollar collapse. Unfortunately, quantitative easing wasn’t meant to last forever.
The Fed finally wound down their bond buying program last year, injecting a strain of worry into stock markets. We’ve seen that strain grow into a full-fledged panic this year, with markets gyrating wildly through the summer.
Why are they panicking? Well, the short answer is that monetary stimulus is nearly at an end.
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But what does that mean for U.S. stock markets? Does it necessarily signal a U.S. dollar collapse in 2016? The answers are far from clear, but there are legitimate fears of an economic collapse. At the very least, a stock market crash is virtually guaranteed.
Consider this; at the same time the Federal Reserve is wrapping up its monetary stimulus, we’re seeing a massive reordering of global power. China has evolved from being a regional power to a heavyweight on the international stage.
Russia successfully annexed Crimea and Eastern Ukraine without any practical opposition from the West, and Iran has been admitted back into the community of nations. The world has changed a lot in a surprisingly short while.
We’re no longer living in a unipolar world where America could singlehandedly dictate terms to everybody else. These days China, Russia, Germany, Iran, and Saudi Arabia are powerful geopolitical forces in their own right.
As political power redistributes to these countries, so too will capital flows. The U.S. dollar will be brought down from its pedestal and be measured alongside the yuan and the ruble. That much is clear.
Will the U.S. Dollar Lose its Reserve Currency Status?
One potential factor in a U.S. dollar collapse in 2016 is the rise of the yuan. China’s currency is growing ever more important in world affairs, and it’s not by accident.
Time and again, the country’s leaders have announced their intention to gain reserve status for the yuan. Reserve currencies are essentially the backbone of international finance.
Central banks across the world hold large quantities of these currencies as a way of gaining credibility for their own country’s currency. Granting China reserve currency status would symbolize its transcendence in the world order.
There are currently seven reserve currencies in the world, but none come close to the U.S. dollar. As a percentage of total holdings, the U.S. dollar accounts for more than 63% of currency reserves, followed distantly by the euro at 21%.
This wasn’t always the case. Before WWI, currency reserves were made up of British Pounds Sterling, French francs, and German marks.
At the time, Britain dominated world trade and produced the most goods, forcing a majority of international transactions to be conducted in pounds sterling. After WWII, the German mark was replaced by the U.S. dollar in the basket of reserve currencies.
The decline of the British Empire came at a great time for the U.S.
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Global trade shifted toward the American economy during the aftermath of WWII, putting the U.S. dollar at the forefront of international finance. But now China has surpassed America as the largest merchandise trader in the world.
Doesn’t that mean the yuan is destined to be the next primary currency?
If you told someone back then that the U.S. dollar could collapse in 2016, they would probably fetch you a doctor. Heck, a U.S. dollar collapse would have sounded crazy even five years ago.
But the circumstances have altered more than anyone could have imagined. And it’s important to recognize that. This is the pattern history has revealed to us. When a country dominates world trade, it becomes the world’s primary currency.
By that logic, China’s ascension to reserve currency is all but guaranteed. The International Monetary Fund (IMF) has promised a decision on the country’s application for reserve currency status by the end of 2015.
If China is successful, it’s fairly possible we’ll see a U.S. dollar collapse in 2016.
Impact of China’s Stock Market Crash on U.S. Dollar
However, China is facing some hurdles of its own that could turn the IMF against them. IMF support was conditional on China embracing the ups and downs of free market capitalism, including the unrestrained movement of currencies. (Source: Financial Times, August 20, 2015.)
But China used a heavy hand in markets after the country’s stock market crash this past summer. Starting on June 12, 2015, we saw China’s stock market start to crumble.
Investors were riding high off a credit boom in the preceding year, but regulators tried to reign in the excessive use of leverage. That didn’t go down too well.
The Shanghai Stock Exchange lost over 30% of its value in a single month as hundreds of companies fought to remain solvent. Fear was epidemic. Nearly two thousand companies halted trading on their stock as prices plummeted.
Chart courtesy of www.StockCharts.com
China’s government stepped in to stabilize the stock market. They took extreme measures to control the sell-off, including jailing short sellers and propping up endangered companies.
Then they started printing lots and lots of money. On top of that, China lowered interest rates and devalued the currency. These measures helped stabilize asset prices but the IMF wasn’t too happy about it.
Here they were examining China’s application for reserve currency status, and the country goes and starts a currency war. That could have postponed a U.S. dollar collapse past 2016, but China managed to find a tiny loophole in the IMF’s suggestions.
China’s currency has two different values: the onshore yuan and the offshore yuan. The government sets a target for the onshore value, but the offshore floats freely. By providing two different rates for the yuan, China is trying to convince the IMF it can be liberal.
But the onshore yuan allows them to retain some control. It’s a clever little ruse that effectively gives China the power to counteract another stock market crash without relinquishing their pursuit of reserve currency status.
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Will the U.S. Stock Market Crash?
We’ve covered China’s impact on the U.S. dollar quite extensively, but what about here at home? How is the U.S. economy performing?
At the first glance, most analysts would answer with a resounding “yes.” The S&P 500 and the Dow Jones Industrial Average are up 120% and 94% respectively, while the NASDAQ Index gained a whopping 184%.
It’s hard to characterize those gains as anything but impressive. Yet the security of those gains is what investors should be worried about. Rather than patting ourselves on the back, we need to double-check the integrity of our stock market profits.
Not all bull markets are real. Some are the construct of excessive optimism in the market, while others (like in China) are built on a credit bubble. Only on rare occasion do stock markets soar wildly on genuine economic results.
More often than not, investors just start drinking their own Kool-Aid. The desire to see higher stock prices becomes a self-fulfilling prophecy—a vicious cycle where investors feed on their own optimism.
It constantly amazes me how quickly investors forget that another stock market crash would spark a U.S. dollar collapse. Think about this: in the third quarter of 2015, 71% of companies issued negative earnings guidance, meaning they’re pessimistic about future growth. (Source: FactSet, July 31, 2015.)
Despite this admission, stock prices are rising faster than earnings per share.
Don’t they understand that stock prices don’t rise in perpetuity? When earnings slow down, the stock market should decelerate as well. Another probable cause of a stock market crash is the coming interest rate hike.
The Federal Reserve has deliberately kept interest rates near zero percent for the last few years. Big banks were effectively borrowing money for free—something the Fed hoped would spur lending in the economy.
However, we were just coming off a massive stock market crash and housing bubble collapse, and people were reluctant to borrow money. Everyone was tightening their belts, including businesses that had fewer customers.
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The collective impact of all that reduced spending was devastating on the economy, but the U.S. dollar was supported by an influx of capital from overseas. Although the U.S. economy was in bad shape, the rest of the world was worse.
Like Alan Greenspan said in 1998, “it is just not credible that the United States can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress.” (Source: Federal Reserve, September 4, 1998.)
We cannot reasonably expect investor confidence in the U.S. dollar to be unlimited. There are consequences for repeated stock market crashes.
Another economic collapse would decimate investor confidence in the American dream. They would abandon U.S. stocks in favour of hard assets like gold and silver, sparking a collapse of the U.S. dollar like we’ve never seen before.
I’m not arguing that an interest rate hike would single-handedly destroy the value of the U.S. dollar. My point isn’t that the U.S. dollar will disappear into the pages of history. But we cannot avoid some basic truths about the correlation between quantitative easing and the stock market recovery.
Between 2009 and 2015, growth in the Dow Jones Industrial Average almost perfectly mirrors expansion in the monetary base. Wall Street has developed a sense of sheltered safety much in the same way children feel safe with their parents.
Underlying the complex risk analysis done on Wall Street is a simple calculation that uses no number. And it goes something like this: don’t worry; the Federal Reserve will save us.
But the gravy train is coming to a stop. The Fed’s insistence on a rate hike this year makes it nearly impossible for them to backtrack. They are running out of road, so there’s nowhere to kick the can.
The Federal Reserve Open Markets Committee is meeting again in December for their quarterly review. Most analysts, myelf included, expect the Fed to raise interest rates by 0.25% at the next meeting.
Under normal circumstances, 0.25% isn’t a big deal. By itself, an interest rate hike isn’t enough to cause a U.S. dollar collapse, but that’s where context comes in.
It matters that we’re seeing a global shift in power towards China when the U.S. economy is weakest. China is the largest force in global trade and history suggests they will become the world’s leading reserve currency.
Economic Collapse Headed for U.S. in 2016
At the same time, the U.S. stock market is overinflated and addicted to easy money from the Federal Reserve. The bubble is built and it is astonishingly vulnerable to even the slightest shocks. That’s the nature of bubbles.
With a backdrop that volatile, shouldn’t everyone be worried about a U.S. dollar collapse in 2016?
Read More: 2015 Predictions: U.S. Dollar to Collapse?
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IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
When Obama Suspends 2016 Election, a Guide to Survive Martial Law (Videos)
Jim Willie: How the Loss of the US Dollar as Reserve Currency Affects You Personally
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
Ron Paul, Jim Willie, Peter Schiff, and Collapse of US Dollar on a Global Scale
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
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Dr. Jim Willie: “Violent Gold and Silver Breakout” Coming to Economic Markets!
Dr. Jim Willie Reveals the Most Unusual About the Looming Next Depression
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Jim Willie and “Will the U.S. Collapse Due to Internal Meltdown of Society?”
Dr. Willie: US Markets in Terminal Phase of Economic Collapse… Extreme Pain Ahead
Dr. Willie: Economic System is Collapsing Right Now; Us Dollar in a “Short Squeeze”
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
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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
Dr. Jim Willie: Economic Collapse is On Our Doorstep
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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
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
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Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
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Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
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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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Zombies have no pull where I’m from.
omw , your right on all 3 levels, Literal, Spiritual an Heavenly.
Thats a gematria worthy statement that is, i put it in.
http://www.gematrix.org/?word=Zombies+have+no+pull+where+I%E2%80%99m+from.
wow, i gives a secret aboot me, line 3, and im sure theres plenny for you Bro Clucko, just i dont know cause i dont know the contents nor memorys you carrys, but im sure theres something highly significant in there
ooops line 3, line 2 is aboot us Set AParts, its a GENETIC thing,
HA! the Mark of your name! 777! but i knew that yonks ago.
THEME SONG TIME!
https://www.youtube.com/watch?v=-9Ls1jWX-TM
HOW MANY VIEWS?? that song basically tells the whole story
How is that the mark of my name? I typed my name and BIN name into the gematria and could not get that number. Please enlighten me, Brother Ricardo.
BTW, love the song!
The host talks too much, like so many of these hosts. Shut the hell up!!! We tune in to hear JW, not you!!
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