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Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System

Monday, May 9, 2016 5:42
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(Before It's News)

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In the following interview, Dr. Jim Willie joins Elijah Johnson on Finance and Liberty for a discussion on how long governments can continue to manipulate the precious metals market, and also to determine what is going on with Deutsche Bank. Does Deutsche Bank pose a threat to the entire Western banking system? 

In the short term, there doesn’t seem to be any limit to what governments will do to mask the massive devaluation of their currencies, particularly the United States. The more money that is created out of thin air, the more precious metals like gold and silver ‘should’ rise relative to the amount of money printed, but as we’ve seen, that has not been the case. Dr. Willie explains that the primary reason gold and silver mining companies have not slowed production is twofold. The first reason, as I reported in Dr. Jim Willie: “Violent Gold and Silver Breakout” Coming to Economic Markets:

“As Dr. Jim Willie recently observed, “On individual trading days, more gold changes hands within contract trading (paper shuffling) across the London market than all the available gold in the world. Yet no metal moves anywhere, in a grand charade.” — (Source: “Jim Willie on Gold Breakout,” Silver Doctors, April 28. 2016.)

There is already a massive shortage of physical gold and silver to keep pace with the derivative contracts being bought and sold daily, so eventually when that market comes crashing down, no amount of supply presently available will be able to meet demand, so efforts right now are not in vein. The second reason mining companies continue to mine frantically when it’s conceivable they might slow production to boost the price, is because many simply cannot due to existing contracts already in place, like for the labor of their mining employees for example. 

Dr. Willie uses an analogy and says, it’s as if a farmer is willing to go out and work in the field all day, just to make enough to keep his tractors from being repossessed, or to make the minimum payments on revolving credit lines. Imagine knowing a massive food shortage was just around the corner, and how important it would be to make sure the tractor was ready when food becomes scarce. That’s essentially the dilemma mining companies find themselves in right now, so many are willing to operate at a loss for the time being, because there is no fear long term. 

As Michael Lombardi writes in his article below, and so many others agree: the precious metals market is a bullish one, and not likely to see any major setbacks anytime soon. Once currencies begin to collapse, and the piper comes calling, those who have long positions in gold and silver will be glad they do. In the second half of the interview, Dr. Willie explains how Deutsche Bank is a domino that is close to falling, and if it does, how it could take the whole western banking system with it. Check it out:

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Michael Lombardi writes:

Silver has been one of the best-performing investments of the year, up a whopping 23.6% so far. Pay close attention to silver prices, dear reader. I believe the gray metal will continue to rise in price right through 2016.

As the chart below of daily silver prices illustrates, silver has traded above its 50- and 200-day moving averages for months now. With this, remember the most basic rule of technical analysis: the trend is your friend, until it’s broken.

But, technical analysis isn’t the only reason I’m bullish on silver prices. The fundamentals suggest the demand and supply situation in the silver market is distorted—demand is soaring, while supply is lagging.

In fact, silver mine production is falling. Consider what’s happening in Canada. In the first two months of 2016, silver mine production in Canada amounted to 54,752 kilograms. In the same period a year ago, that number was 62,795 kilograms. This represents a decline of 13% year-over-year. (Source: “Production of Canada’s Leading Minerals,” Natural Resources Canada, last accessed April 19, 2016.) In 2015, silver mine production declined more than 20% in Canada.

Chart 1

Chart courtesy of www.StockCharts.com

The phenomenon of declining silver products prevails across the board. Mexico is the biggest silver-producing country in the world. And mine production there is dwindling. In November of 2015, the country produced 426,817 kilograms of silver. In January, it produced just 385,001 kilograms—a decline of 10% in a matter of months. (Source: “Value and Volume Production of Silver,” Servicio Geológico Mexicano, last accessed April 19, 2016.)

As for demand, know that the number of buyers is increasing. Mints around the world are selling silver coins at a strong pace. Even India, the country that loves gold, has built up an appetite for silver, too.

Silver Price Outlook for 2016 and Beyond

Throughout 2015, I wrote about how silver was oversold and underpriced. Despite the rise in silver prices this year, I still believe silver is undervalued and that it presents an opportunity for investors. The demand/supply situation in the silver market calls for big rewards for investors in 2016. With silver prices up 23.6% this year, the shares of some of the quality silver-producing companies I follow are up more than 100%. I think they will go a lot higher.

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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

SKINNY DOLLAR

FOR MORE GREAT MATERIAL FROM JIM WILLIE:

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!

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

Dr. Jim Willie: Economic Collapse is On Our Doorstep

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

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

Dollar

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: 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 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 4 comments
  • Why cant you people just admit that YOU HAVEN’T GOT THE FOGGIEST IDEA ABOUT WHAT IS GOING ON!

    • PeoplePower

      **CODE RED::RED ALERT**
A FALSE FLAG CYBER ATTACK IS SET TO BE LAUNCHED IN ORDER TO COVER UP THE COLLAPSE OF THE FIAT DOLLAR.

      “The sixth beast mentioned in Revelation, and the false prophet 666, once they have manifested themselves to the world, shall have dominion for forty-two months. “And he was given a mouth speaking great things and blasphemies, and he was given authority to continue for forty-two months.” [Rev. 13:5]. Forty-two months is a period of three and a half years.

      This three and a half years will begin in the spring as Christ noted. When the fig tree puts forth its leaves, we know summer, and therefore the end of this age, is near. And we know that Trumpets, heralding the coming of Christ, occurs at the end of summer and the beginning of autumn. Starting at spring, three and a half years ends at the end of summer, and the beginning of autumn.

      According to biblical prophecy, ‘The Great Tribulation’ is unfolding right on schedule. My initial dates were off. I was wrong. God Is always right.

      666, 9/11, 555, 111 Coded In 5/11/2016:
*[5+11=(16)] [2x1x6=12=1x2=(2)]
=16+2=18=666
*5/(11)/2+0+1+6=(9)=9/11
*(5×11)=(55) 2x(6+1)=14=(5)=555
*5/(11)/20(1)6=111 [555+111=666]

      We have approximately 1240 days or 42 new moons until the 2nd coming of Yahushua our “Lord Jesus Christ”. A ‘new moon’ occurs exactly every 29.530589 days.

      Revelation 13: “Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.”

      555 is the number for mankind & also literally means the “Highest Death”.
111 means the “End Time Unholy Trinity” (WWIII).

      777 represents the Holy Trinity of God the Father, Son & Holy Spirit.

      https://watchman33.com/2010/01/19/the-lost-symbol-decoded/

      We Are The Resistance. It’s Go Time.

  • Jay

    These are the same people that were telling others to buy, when silver was at $40 an oz. Many people are still reeling from that advice from five years ago. It doesn’t matter if the markets are being criminally manipulated . You have to take that in to account. THe best advice one can get is stay away from markets that the controllers are manipulating. THe old saying” don’t fight the Fed” should also include don’t invest in a political war zones you are going to come out bloody. Willie has been singing a ode to Armageddon for decades.

  • Daniel Jackson

    Actually with the new Brinks Gold Back Banking System of Russia / China threatening the New World Order cabal and Saudi Arabia thinking about ditching the US Dollar but also realizing that they presently are having financial problems, and the world turning on the Rothschild banking system. Its a toss up as to who’s vision of a New World Order will prevail (if any of them). Along with the UK looking at leaving the EU, and Islam invading the EU, and the war in the Middle East heating up with the EU having to join in the fighting. Really it is a toss up as to what will come out of all of this. It seems that Man is not going to get things exactly as he has planned, what they thought would be simple in time is becoming chaos, and so the chaos they intended for the common ma to endure, they are reaping daily. Loosing stock, while attempting to fight a global financial collapse and depression.

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