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Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
In the following 3-part interview with the brilliant Dr. Jim Willie, Dr. Willie explains what is currently unfolding in the global financial markets, and how it affects you personally. Despite not being true, many people want to believe that global markets (and the U.S. in particular), are at less of a risk of collapse now because of a lower amount of exposure to financial derivatives that in 2008. Nothing could be father from the truth.
The excerpt from an article below written by Michael Snyder of the Global Collapse Blog in 2014 makes the case that the derivative bubble was at least 20% larger in 2014. Since it’s only grown since 2014, God only knows what it is now.
The key difference between before the collapse of Lehman Brothers and now, as Dr. Willie explains in this three-part interview below, is that in addition to the speculation and problems associated with an overly bloated and highly speculative derivative market that already existed, NOW the bonds at stake aren’t just mortgage bonds. Today’s leveraged trades are largely being conducted with sovereign bonds. That means currencies are in danger of collapsing… any idea which one in particular?
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Back in 2014, Michael Snyder of the Global Collapse Blog wrote the following for Global Research.com:
The global derivatives bubble is now 20 percent bigger than it was just before the last great financial crisis struck in 2008. It is a financial bubble far larger than anything the world has ever seen, and when it finally bursts it is going to be a complete and utter nightmare for the financial system of the planet.
According to the Bank for International Settlements, the total notional value of derivatives contracts around the world has ballooned to an astounding 710 trillion dollars ($710,000,000,000,000). Other estimates put the grand total well over a quadrillion dollars. [Background.]
If that sounds like a lot of money, that is because it is. For example, U.S. GDP is projected to be in the neighborhood of around 17 trillion dollars for 2014. So 710 trillion dollars is an amount of money that is almost incomprehensible. Instead of actually doing something about the insanely reckless behavior of the big banks, our leaders have allowed the derivatives bubble and these banks to get larger than ever. [Background.]
In fact, as I have written about previously, the big Wall Street banks are collectively 37 percent larger than they were just prior to the last recession. “Too big to fail” is a far more massive problem than it was the last time around, and at some point this derivatives bubble is going to burst and start taking those banks down. When that day arrives, we are going to be facing a crisis that is going to make 2008 look like a Sunday picnic. [For background on why derivatives are so dangerous, read this, this and this.]
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In the second video, Dr. Willie wastes no time going after Allan Greenspan about what his alleged current beliefs are as they relate to gold and the need for gold backed currency. You may have noticed after last week’s Brexit vote, that Greenspan came out and said, If Gold isn’t the solution for the New Currency System, we’re in trouble. In the same interview Greenspan promises “Brexit could be Worse than the Lehman Collapse” otherwise.
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The concern should come from the fact that Greenspan tends to be aligned with Brent Bozell, and the fear is that Greenspan isn’t talking about a U.S. backed Gold Dollar, but rather what is being called an IMF “Super Sovereign Bond” backed by gold. So, would a new “Gold Backed Super Sovereign Bond” really be good thing, or just another means for global bankers to manipulate gold to their own advantage? Do I really need to tell you?
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Finally, in the third video, Dr. Willie talks about something he’s stressed concern for on multiple occasions, and that is the U.S. supply chain. Dr. Willie goes on to say, “Apart from the personal level, I fear that when the Dollar begins to have even greater difficulties, it is going to be replaced as it’s fracturing, and going through it’s death process. I’m quite afraid of a disrupted supply chain…”
THAT is precisely why folks like Peter Schiff say the collapse of the U.S. Dollar will be the single largest event in all of human history. Anyone under 70 has never known the world where the U.S. is not the World Reserve Currency. For the U.S. that will present a problem so big that most people have no comprehension of it, because it’s not taught. People would have to research the information on their own to understand the magnitude of the problem on the horizon.
That is why people MUST begin preparing NOW. Understand that the U.S. has outsourced virtually everything that it “produced” 40-50 years ago, and replaced that economic power with a “service” economy. That is one of MANY reasons contributing to the U.S. economic troubles, and why very soon the U.S. will no longer be the World’s Reserve Currency.
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As proof we will no longer be the Reserve Currency, just look at the last ten years. Countries are already moving away from the Dollar as fast as they can without U.S. warships threatening attack for doing so. Ten years ago roughly 75% of global trade was done in U.S. Dollars.
Today, that number is only 35% and dropping like a rock. The day is fast approaching the U.S. loses status as the Reserve Currency will be gone, so Dr. Willie’s fear of a disrupted supply chain is one that should be keeping people up at night. The U.S. imports FIFTY percent of our food today. With a worthless Dollar, nowhere to borrow more money from, and the printing press that we’ve been able to use for the last 70 years as the World Reserve Currency gone… THAT is when you can expect to see people hurting each other for food.
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After what happened the day after Brexit, which is more likely, the top 400 wealthiest people on the planet taking their $127 BILLION loss in a day and accepting it, or doing whatever is required to further consolidate their efforts to control the global money supply? You tell me… .
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As further proof that people in the U.S. should be preparing, after the nail biting interview with Dr. Willie, Michael Snyder presents the facts. Stocks have already crashed in 6 of 8 of the world’s largest economies, and we already know (or should), that our stock market is ONLY being propped up by artificially low interest rates that cannot last forever. Our stock bubble is in search of pin right now, and it will find one soon enough…
The following article discusses the massive hemorrhaging of financial markets after the Brexit Vote last week. Global investors lost $2 TRILLION DOLLARS.
More stock market wealth was lost on Friday than on any other day in world history. As you will see below, global investors lost two trillion dollars on the day following the Brexit vote. And remember, this is on top of the trillions that global investors have already lost over the past 12 months.
It is important to understand that the Brexit vote was not the beginning of a new crisis – it has simply accelerated a global financial crisis that started last year and that was already in the process of unfolding. As I noted on Friday, we have been waiting for “the next Lehman Brothers moment” that would really unleash fear and panic globally, and now we have it. The next six months should be absolutely fascinating to watch.
According to CNBC, the total amount of money lost on global stock markets on Friday surpassed anything that we had ever seen before, and that includes the darkest days of the financial crisis of 2008…
Worldwide markets hemorrhaged more than $2 trillion in paper wealth on Friday, according to data from S&P Global, the worst on record. For context, that figure eclipsed the whipsaw trading sessions of the 2008 financial crisis, according to S&P analyst Howard Silverblatt.
The prior one day sell-off record was $1.9 trillion back in September of 2008, Silverblatt noted. According to S&P’s Broad Market Index, combined market capitalization is currently worth nearly $42 trillion.
And of course many of the wealthiest individuals on the planet got absolutely hammered. According to Bloomberg, the 400 richest people in the world lost a total of $127.4 billion dollars on Friday…
The world’s 400 richest people lost $127.4 billion Friday as global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index. The biggest decline belonged to Europe’s richest person, Amancio Ortega, who lost more than $6 billion, while nine others dropped more than $1 billion, including Bill Gates, Jeff Bezos and Gerald Cavendish Grosvenor, the wealthiest person in the U.K.
Could you imagine losing a billion dollars on a single day?
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I am sure that Bill Gates and Jeff Bezos are not shivering in their boots quite yet, but what if the markets keep on bleeding like they did in 2008?
On the other hand, globalist magnate George Soros made a ton of money on Friday because he had positioned himself for a Brexit ahead of time. The following comes from the London Independent…
The billionaire who predicted Brexit would bring about “Black Friday” and a crisis for the finances of ordinary people appears to have profited hugely from the UK’s surprise exit from the EU.
George Soros is widely known as the man who “broke” the Bank of England in 1992, when he bet against the pound and made a reported £1.5bn.
Although the exact amount Mr Soros has gained after Brexit is not known, public filings show he doubled his bets earlier this year that stocks would fall.
So what will happen on Monday when the markets reopen?
Personally, I don’t think that it will be as bad as Friday.
But I could be wrong.
In early trading, Dow futures, S&P 500 futures and Nasdaq futures are all down…
Dow futures fell by 90 points in early trading, while S&P 500 futures slipped 11 points, and NASDAQ futures dipped 24 points. Gold futures rose, in a reflection of sustained demand for safe-haven assets.
And at this moment, the British pound is getting absolutely crushed. It is down to 1.33, and I would expect to see it fall a lot lower in the weeks and months to come.
Why?
Well, the truth is that now that the British people have voted to leave the EU, the globalists have to make it as painful as possible on them in order to send a warning to other nations that may consider leaving. I think that a recent article by W. Ben Hunt explained this very well…
What’s next? From a game theory perspective, the EU and ECB need to crush the UK. It’s like the Greek debt negotiations … it was never about Greece, it was always about sending a signal that dissent and departure will not be tolerated to the countries that matter to the survival of the Eurozone (France, Italy, maybe Spain). Now they (and by “they” I mean the status quo politicians throughout the EU, not just Germany) are going to send that same signal to the same countries by hurting the UK any way they can, creating a Narrative that it’s economic death to leave the EU, much less the Eurozone. It’s not spite. It’s purely rational. It’s the smart move.
The elite need a crisis now in order to show everyone that globalism is the answer and not the problem. If the British people were allowed to thrive once they walked away, that would only encourage more countries to go down the exact same path. This is something that the elite are determined to avoid.
The Brexit vote has barely sunk in, and Bank of America and Goldman Sachs are already projecting a recession for the United Kingdom. Sadly, I believe that this is what we will see happen.
But it won’t just be the British that suffer.
On Friday, European banking stocks had their worst day ever. In particular, Deutsche Bank fell an astounding 17.49 percent to an all-time record closing low of 14.72. I have warned repeatedly about the implosion of Deutsche Bank, and this crisis could be the catalyst for it.
In addition, I have repeatedly warned about the slow-motion meltdown that is happening in Japan. On Friday, Japanese stocks lost 1286 points, and the yen surged in the exact opposite direction that the government is trying to send it…
Tokyo, we have a problem.
Last week, market tumult stemming from the U.K.’s vote to quit the European Union drove the British pound to its weakest levels in three decades.
Yet it also sent investors flocking to traditional safe haven assets like the U.S. dollar, gold and the yen, the latter surging against every major currency as the results of Brexit became clear: Dollar/yen spiked from a Thursday high near 107 to a two-year low near 99.
Just like in 2008, there will be days when global markets will be green. When that happens, it will not mean that the crisis is over.
If you follow my work closely, then you know that it is imperative to look at the bigger picture. Over the past 12 months, there have been some very nice market rallies around the world, but investors have still lost trillions of dollars overall.
What happens on any one particular day is not the story. Rather, the key is to focus on the long-term trends.
And without a doubt, this Brexit vote could be “the tipping point” that greatly accelerates our ongoing woes…
“Brexit is the biggest global monetary shock since 2008,” said David Beckworth, a scholar at the Mercatus Center at George Mason University, in a blog post on Friday. “This could be the tipping point that turns the existing global slowdown of 2016 into a global recession.”
We were already dealing with a new global economic crisis without the Brexit vote. But what this does is it introduces an element of panic and fear that had been missing up until this current time.
And markets do not like panic and fear very much. In general, markets tend to go up when things are calm and predictable, and they tend to go down when chaos reigns.
Unfortunately, I believe that we are going to see quite a bit more chaos for the rest of 2016, and the trillions that were lost on Friday may turn out to be just the tip of the iceberg.
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IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
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FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Due to Illuminati Rothschild’s, US War is Needed With Russia
Dr. Willie: Americans Will Be Armed With Pitchforks Looking For Who to Blame
Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar
Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War
Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: “Violent Gold and Silver Breakout” Coming to Economic Markets!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
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, 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: 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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yes it does… Bribes are part of the economy in Nigeria since most are underpaid. It is percieved as tips