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Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless (Audio) – Pt. 2
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If you heard Part I of today’s interview between “End Time Newsman, Rick Wiles” and Dr. Jim Willie titled, Dr. Jim Willie: We Are on the Brink of World War; Americans Are Clueless, then buckle up and get ready for Part II. As always with Dr. Willie, hold on because it’s going to be just as scary to think about, but just as informative!
DO NOT MISS PART I: Dr. Jim Willie: We Are on the Brink of World War; Americans Are Clueless
To begin Part II, Rick Wiles asks Dr. Willie what he has to say about America’s manufacturing PMI report that just came out. Dr. Willie responds by saying:
“Implosion. Absolute implosion. Absolutely no equivocation whatsoever. Take a look at electricity usage. It’s way down. Look at trucking freight, it’s way down, shipping cars, they’re way down. The port facilities have set a record: In 2015, US ports exported 500,000 containers that were absolutely empty.”
Can you imagine? We’ve actually been paying to export giant shipping containers filled with nothing more than stale air. Take a look at manufacturing PMI in the chart below from Zerohedge.com. The numbers are WAY down. Like virtually every major crash before the one that’s coming, all the alleged “experts” from the major banks haven’t even been close in their estimates, and don’t expect that to change.
DO NOT MISS: Dr. Willie: U.S. Elites Are Losing All Their Power
Dr. Willie explains how 4-5 years of “Quantitative Easing” (aka Zimbabwe style printing money out of thin air), has laid waste and destroyed a tremendous amount of the capital base of the United States economy. More specifically, he explains that the U.S. economy is a feedback loop. The way it works, is you print money, and you buy a lot of bonds. The smart people managing companies, and those managing financial firms engage in hedging, and they do so using hard assets.
DO NOT MISS: Dr. Jim Willie Reveals 2nd Death Threat From U.S. Government
That hedging ended up having the effect of raising the entire cost structure of the U.S. economy at a time when the Chinese and other emerging market nations were providing intense market competition, which prevented our domestic companies from raising final demand prices. So, we couldn’t raise the prices, we saw the price structures rise, profit lines vanished, and companies were forced to lay off people because entire businesses and entire business segments had to be shut down.
Contrary to what the fools setting monetary policy think, quantitative easing does NOT stimulate the economy the way they say it does. You’d think after QE1, QE2, QE3, and QE4 not working, they might have figured that out by now. Instead, quantitative easing is really a multi-step sequence of destroying working capital that causes massive job cuts in the process. Now, here we find ourselves in an economy on the verge of implosion…
And that’s just the beginning of what Dr. Willie has to say…
PART II BELOW:
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US Manufacturing Flashes “Warning Light” As New Orders, Employment Tumble
Following the eurozone’s disappointing drift lower in Manufacturing PMI (and weakness in German Services), August’s US preliminary manufacturing PMI printed a disasppointing 52.1 (against expectations of 52.6). Weakness in Employment (lowest in 4 months) and New Orders underpin the drop from 52.9 to 52.1 as the 2 month hope-fueled bounce has faded…
Renaissance over…
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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at IHS Markit said:
“The August drop in the PMI is a disappointment but less worrying when looked at in the context of July’s better than expected reading. Taking the July and August readings together suggests that manufacturing is enjoying its best growth so far this year in the third quarter, and should help drive stronger GDP growth.
“With August seeing the largest rise in exports for almost two years, the improved trade performance should also help drive faster economic growth.
“However, a slowdown in overall order book growth is a warning light that domestic demand has waned in August, and the pull-back in hiring suggests manufacturers have become increasingly cautious about the outlook. Inflationary pressures have meanwhile eased.
“Policymakers will therefore be pleased to see signs that the economy may have picked up speed in the third quarter, but the Fed looks unlikely to tighten policy again until the upturn has stronger foundations, suggesting any interest rate rise looks unlikely before December.”
Charts: Bloomberg
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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
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
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Precious Metals Market (COMEX) on the Verge of Default (Video)
Dr. Jim Willie and the Systematic Bankruptcy of Western Society (Video)
Dr. Jim Willie: New World Order Elites in Absolute Terror of Gold Standard (Audio)
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts
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: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
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: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: Expect An Economic Crisis Infinitely Worse Than 2008 (Videos)
Dr. Jim Willie and Peter Schiff: The Morgue Is Next Stop for U.S. Economy
Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)
Peter Schiff: Are People Going to Wake Up? The Economy Is Out of Road! (Video)
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!”
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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Why only 11 mins !?