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Dr. Jim Willie: Collapse of U.S. Dollar, Rise of Gold, and Global Economic Rehab (Video)
In following interview, Elijah Johnson from Finance and Liberty interviews Dr. Jim Willie in what seems like Dr. Willie’s first new interview in several weeks. Immediately once the interview opens, Elijah compliments Dr. Willie on all the forecasts he’s been correct about in the months leading up to where we the global economic system finds itself right now. Sadly, many of those forecasts were not positive ones, nor is the current state of the global economy we find ourselves in, so it’s bitter sweet.
If there is a silver lining that comes out this most recent interview, it’s that Dr. Willie says we’re in the home stretch before things become so bad for global markets, and the U.S. Dollar in particular, that all the fake patches and fixes that have been tried up until this point will no longer be enough to dupe investors, and “real” change will need to begin taking place.
To use an analogy that Peter Schiff likes to use, “real change” for alcoholic or a drug addict means getting sober, and in many ways that’s what the global economy needs to do, it needs to “get sober.” That means that many of the changes the economic markets are going to have to undergo will be very painful, and perhaps nowhere will the pain be felt worse than here in the United States, because of what is happening to the U.S. Dollar.
DO NOT MISS: Dr. Willie: We Are on the Brink of World War; Americans Totally Clueless
In this interview Dr. Willie discusses how NATO is completely fracturing, both China and Russia are there scooping up the pieces, the EU Commission is becoming totally irrelevant and ignored largely as a result of China and Russia’s actions, and how new Chinese RMB short term notes backed in gold that should be coming soon.
For weeks, I’ve been revealing information about the very real potential for this election to result in the declaration of Martial Law, and I’ve been suggesting you begin making preparations for your families accordingly (many links to those posts at the bottom). I’ve also stuck to the claim that even if by some act of Divine intervention there is a peaceful transition of power after the election, there is one bullet our country has no chance of dodging, which is the collapse of the U.S. Dollar.
DO NOT MISS: Dr. Willie: Soon the Fireworks Will Start, then Hell on Earth Follows
After listening to the interview, if you find yourself starting to finally finally realize the significant trouble the collapse of the Dollar will cause for the United States, then I suggest you get your FREE GUIDE for how to survive Martial Law here, because that’s what you can expect if/when the Dollar collapses.
In prior posts or videos I’ve also suggested one of the best tools I’ve found to help ordinary people of average means make sure their families and loved ones are taking the BEST steps to protect themselves is the book is titled, “Conquering the Collapse.” Since I have it, you can read my personal review of it here: Be Ready For Any Emergency – The Crucial Guide For Any Family’s Safety.
DO NOT MISS: FEMA Plans Exposed and 1,500 Pages of New Documents Reveal Martial Law Agenda
Also, since one of the largest threats to the global economy right now is how toxic Deutsche Bank has become, and that is a subject Dr. Willie has followed closer than just about anyone over the past year, I’ve included several links to the troubles that have led the bank to the situation it’s in now, along with a brand new article on the bank’s troubles by Michael Snyder of the Economic Collapse Blog.
FOR MORE ON DR. WILLIE’S ANALYSIS OF DEUTSCHE BANK AS IT HAPPENED:
Dr. Jim Willie: When Deutsche Bank Fails, Barclays, Citigroup, & More Will Follow
Dr. Jim Willie Predicted It; Deutsche Bank Admits to Rigging Gold Markets
Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: Deutsche Bank on Verge of -$1 Trillion Collapse; Destroy Global Economy Too?
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The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes. Deutsche Bank is the 11th biggest bank on the entire planet, and due to the enormous exposure to derivatives that it has, it has been called “the world’s most dangerous bank“. Over the past year, I have repeatedly warned that Deutsche Bank is heading for disaster and is a likely candidate to be “the next Lehman Brothers”. If you would like to review, you can do so here, here and here. On September 16th, the Wall Street Journal reported that the U.S. Department of Justice wanted 14 billion dollars from Deutsche Bank to settle a case related to the mis-handling of mortgage-backed securities during the last financial crisis. As a result of that announcement, confidence in the bank has been greatly shaken, the stock price has fallen to record lows, and analysts are warning that Deutsche Bank may be facing a “liquidity event” unlike anything that we have seen since the collapse of Lehman Brothers back in 2008.
At one point on Friday, Deutsche Bank stock fell below the 10 euro mark for the first time ever before bouncing back a bit. A completely unverified rumor that was spreading on Twitter that claimed that Deutsche Bank would settle with the Department of Justice for only 5.4 billion dollars was the reason for the bounce.
But the size of the fine is not really the issue now. Shares of Deutsche Bank have fallen by more than half so far in 2016, and this latest episode seems to have been the final straw for the deeply troubled financial institution. Old sources of liquidity are being cut off, and nobody wants to be the idiot that offers Deutsche Bank a new source of liquidity at this point.
UPDATE: Be Ready For Any Emergency – Crucial Guide For Any Family
As a result, Deutsche Bank is potentially facing a “liquidity event” on a scale that we have not seen since the financial crisis of 2008. The following comes from Zero Hedge…
It is not solvency, or the lack of capital – a vague, synthetic, and usually quite arbitrary concept, determined by regulators – that kills a bank; it is – as Dick Fuld will tell anyone who bothers to listen – the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.
It is also liquidity, or rather concerns about it, that sent Deutsche Bank stock crashing to new all time lows earlier today: after all, the investing world already knew for nearly two weeks that its capitalization is insufficient. As we reported earlier this week, it was a report by Citigroup, among many other, that found how badly undercapitalized the German lender is, noting that DB’s “leverage ratio, at 3.4%, looks even worse relative to the 4.5% company target by 2018″ and calculated that while he only models €2.9bn in litigation charges over 2H16-2017 – far less than the $14 billion settlement figure proposed by the DOJ – and includes a successful disposal of a 70% stake in Postbank at end-2017 for 0.4x book he still only reaches a CET 1 ratio of 11.6% by end-2018, meaning the bank would have a Tier 1 capital €3bn shortfall to the company target of 12.5%, and a leverage ratio of 3.9%, resulting in an €8bn shortfall to the target of 4.5%.
The more the stock price drops, the faster other financial institutions, investors and regular banking clients are going to want to pull their money out of Deutsche Bank. And every time there is news about people pulling money out of the bank, that is just going to drive the stock price even lower.
In other words, Deutsche Bank may be entering a death spiral that may be impossible to stop without a government bailout, and the German government has already stated that there will be no bailout for Deutsche Bank.
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
Banking customers have a total of approximately 566 billion euros deposited with the bank, and even if a small fraction of those clients start demanding their money back it is going to cause a major, major crunch.
Deutsche Bank CEO John Cryan attempted to calm nerves on Friday by releasing a memo to employees that blamed “speculators” for the decline in the stock price…
Instead of doing what many have correctly suggested he should be doing, namely focusing on ways to raise more capital for the undercapitalized Deutsche Bank in order to stem the slow (at first) liquidity leak, first thing this morning CEO John Cryan issued another morale-boosting note to employees of Deustche Bank who have been watching their stock price crash to another record low, dipping under €10 in early trading for the first time ever. In the memo the embattled CEO worryingly did what Dick Fuld and other chief executives did when they felt the situation slipping out of control, namely blaming evil “rumor-spreading” shorts, saying “our bank has become subject to speculation. Ongoing rumours are causing significant swings in our stock price. … Trust is the foundation of banking. Some forces in the markets are currently trying to damage this trust.”
Just as important, Cryan confirms the Bloomberg report that “a few of our hedge fund clients have reduced some activities with us. That is causing unjustified concerns.” As we explained last night, the concerns are very much justified if they spread to the biggest risk-factor for the German bank: its depositors, which collectively hold over €550 billion in liquidity-providing instruments.
If you would like to ready the full memo, you can do so right here.
One of the reasons why Deutsche Bank is considered to be so systemically “dangerous” is because it has 42 trillion euros worth of exposure to derivatives. That is an amount of money that is 14 times larger than the GDP of the entire nation of Germany.
Some firms that were derivatives clients of the bank have already gotten spooked and have moved their business to other institutions. It was this report from Bloomberg that really helped drive down the stock price of Deutsche Bank earlier this week…
The funds, a small subset of the more than 800 clients in the bank’s hedge fund business, have shifted part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News. Among them are Izzy Englander’s $34 billion Millennium Partners, Chris Rokos’s $4 billion Rokos Capital Management, and the $14 billion Capula Investment Management, said a person with knowledge of the situation who declined to be identified talking about confidential client matters.
“The issue here is now one of confidence,” said Chris Wheeler, a financial analyst with Atlantic Equities LLP in London.
UPDATE: All Armed Americans to Be Detained in FEMA Camps Soon?
So what comes next?
Monday is a banking holiday for Germany, so we may not see anything major happen until Tuesday.
An announcement of a major reduction in the Department of Justice fine may buy Deutsche Bank some time, but any reprieve would likely only be temporary.
What appears to be more likely is the scenario that Jeffrey Gundlach is suggesting…
But Jeffrey Gundlach, chief executive of DoubleLine Capital, said investors betting that Berlin would not rescue Deutsche could find themselves nursing big losses.
‘The market is going to push down Deutsche Bank until there is some recognition of support. They will get assistance, if need be,’ said Gundlach, who oversees more than $100 billion at Los Angeles-based DoubleLine.
It will be very interesting to see how desperate things become before the German government finally gives in to the pressure.
The complete and total collapse of Deutsche Bank would be an event many times more significant for the global financial system than the collapse of Lehman Brothers was. Global leaders simply cannot afford for such a thing to happen, but without serious intervention it appears that is precisely where we are heading.
Personally, I don’t know exactly what will happen next, but it will be fascinating to watch.
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 1
Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless - Pt. 2
Dr. Jim Willie Reveals 2nd Death Threat From U.S. Government (Video)
Bill Holter: Newly Solidified Chinese Superpower Will Replace Dead U.S. Dollar (Interview)
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?
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Understanding the Root Cause of the Coming Global Reset… (Videos)
Dr. Jim Willie: Soon the Fireworks Will Start, then Hell on Earth Follows (Video)
Dr. Jim Willie: China Isolating the U.S. (and U.S. Dollar) From Trade (Video)
Dr. Jim Willie: Banks Are Beginning to Prepare for Nuclear Winter (Interview)
Dr. Jim Willie: U.S. Elites Are Losing All Their Power (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
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Government “Threat List:” 8 Million People To Be Detained Immediately
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Being a straight bloke this is the only willie i want !!!!!! —
Thanks jim top draw interview !
Hey someone tell Jim Willie I went to access goldenjackass.com and got a Huge Red Page Full Page alert that malware may have been placed by Hackers without the owners knowledge.Im a Huge fan and was about to sign up for the War on Money report after this latest interview But Got Turned Away.If anyone can get a message to him have him check his security.
He’s on Twitter “dr. jim willie” so you can send him a message directly.