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Dr. Jim Willie: When the U.S. Is Forced to Launch Domestic Only Currency… (Video)
In the following interview, Dr. Jim Willie joins Elijah Johnson with SilverDoctors with for a discussion on recent developments in global financial markets. Several of the topics discussed include the recent Italian referendum that failed to pass by nearly a 20 point margin, which will likely result in Italy ultimately abandoning the common Euro Currency (not to be confused with abandoning the European Union), and how that decision will affect financial markets around the world.
The interview then transitions into the recent presidential election between Hillary Clinton and Donald Trump, and how the mainstream media here in the United States has reached unprecedented levels of dishonesty with the American people. How can you tell if something is “fake news” these days? The mainstream is covering it. Any “actual news” that people need to know so that they can make informed decisions, is avoided completely by the mainstream.
Since the Trump victory, Americans have continued to celebrate one new all-time high in equity markets after another, and the globalist controlled mainstream makes sure that Americans have no idea those new all-time highs will be utterly worthless when the Dollar inevitably collapses. How can Americans be sure the media is lying, and U.S. Dollar will collapse sooner before later?
The simple fact of the matter is that the U.S. continues to print over $1 Trillion Dollars out of thin air every year to cover our almost $20 Trillion Dollar national debt. As Dr. Willie explains, the U.S. Dollar is the World Reserve Currency, which means the U.S. Dollar is the foundation element for the currency of our allies (and trading partners) in South Korea, Germany, Canada, Italy, Nigeria, and so on.
The more we continue to print money without limits for our own selfish purposes, the more we’re robbing our supposed allies of their savings. There is a reason 10 years ago approximately 75% of global trade was denominated in U.S. Dollars, and today only around 35% of global trade is denominated in U.S. Dollars. The more we harm the few countries still using the Dollar, our alleged allies, the faster they will turn to alternatives, eventually ending the Dollar’s 75 year reign as the Global Reserve.
DO NOT MISS: Stock Market Genius Warns Americans About False Hope With US Economy (Video)
When that eventually happens, and it won’t be long, the U.S. will have to launch a domestic only currency, devalue it, and then suffer currency crisis price inflation, product supply shortages, and more riots and chaos in the streets than we can handle. Why riots? The U.S. imports over 50% of it’s food. With a devalued currency, supply lines will be cut, and what happens when a nation is bankrupt, has a worthless currency, and can no longer borrow? Look no further than Venezuela where people are breaking into zoos and killing the animals for food.
The current asset bubble equity markets are experiencing right now rival levels only seen before during the bubbles of 1929, 2000 And 2007, each one ending very poorly if you recall, once the asset bubble finally found a pin. After the interview with Dr. Willie, the question of whether we are being set up for a crash of biblical proportions is examined in further detail…
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As you read the article, consider that If you look throughout history, virtually every stock market crash came after a major bond crash, and bonds are beginning to crash in a major way right now. See the following:
12/07/16: Dr. Jim Willie, Peter Schiff, and Bill Holter: Cracks Are Forming in Bond Markets
11/22/16: Worst Bond Crisis in 15 Years, World Quickly Losing Confidence in US
11/01/16: Unprecedented Bond Dumping Means U.S. Dollar Collapse Ahead
11/01/16: U.S. Will Lose Global Reserve Status, Expect 80-90% Devaluation of U.S. Dollar
Will the financial bubble that has been rapidly growing ever since Donald Trump won the election suddenly be popped once he takes office? Could it be possible that we are being set up for a horrible financial crash that he will ultimately be blamed for? Yesterday, I shared my thoughts on the incredible euphoria that we have seen since Donald Trump’s surprise victory on November 8th.
The U.S. dollar has been surging, companies are announcing that they are bringing jobs back to the U.S., and we are witnessing perhaps the greatest post-election stock market rally in Wall Street history. In fact, the Dow, the Nasdaq and the S&P 500 all set new all-time record highs again on Thursday. What we are seeing is absolutely unprecedented, and many believe that the good times will continue to roll as we head into 2017.
What has been most surprising to me is how well the stocks of the big Wall Street banks have been doing. It is no secret that those banks poured a tremendous amount of money into Hillary Clinton’s campaign, and Donald Trump had some tough things to say about them leading up to election day.
DO NOT MISS: Peter Schiff: “Default or Not, U.S. Dollar Is Going to Collapse Either Way” (Video)
So you wouldn’t think that it would be particularly good news for those banks that Trump won the election. However, we seem to be living in “Bizarro World” at the moment, and in so many ways things are happening exactly the opposite of what we would expect. Since Trump’s victory, all of the big banking stocks have been skyrocketing…
Financial stocks in particular have been on fire. Citigroup (C) and JPMorgan Chase (JPM) are up about 20% since Donald Trump defeated Hillary Clinton — and that makes them laggards!
Morgan Stanley (MS) has gained more than 25%. So has troubled Wells Fargo (WFC), despite the lingering fallout from its fake account scandal. Bank of America (BAC) is up more than 30%.
And so is Goldman Sachs (GS) — the former employer of both Treasury Secretary nominee Steven Mnuchin and Trump chief strategist Steve Bannon.
But are these stock prices justified by the fundamentals?
DO NOT MISS: The Dollar Collapse Has Begun; U.S. Bank Failures Soon to Follow (Video)
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
Of course not, but during times of euphoria the fundamentals never seem to matter much. Stocks were incredibly overvalued before the election, and now they are ridiculously overvalued.
Earlier today, a CNBC article pointed out that the cyclically-adjusted price to earnings ratio has only been higher than it is today at three points in our history…
“The cyclically adjusted P/E (CAPE), a valuation measure created by economist Robert Shiller now stands over 27 and has been exceeded only in the 1929 mania, the 2000 tech mania and the 2007 housing and stock bubble,” Alan Newman wrote in his Stock Market Crosscurrents letter at the end of November.
Newman said even if the market’s earnings increase by 10 percent under Trump’s policies “we’re still dealing with the same picture, overvaluation on a very grand scale.”
And of course a historic stock market crash immediately followed each of those three bubbles.
DO NOT MISS: Soon the Fireworks Will Start, then Hell on Earth Follows
So are we being set up for a huge crash in early 2017?
There are some out there that believe that this is purposely being orchestrated. For example, Mike Adams of Natural News believes that the markets “will be deliberately and destructively imploded under President Trump”…
Right now, the U.S. stock market is surging, with the Dow leaping toward 20,000, a number rooted in fiscal insanity and delusional expectations. There are no fundamentals that support a 20,000 Dow, but fundamentals have long since ceased to matter in a financial world hyperventilating on debt fumes while hallucinating about utopian economic models that will soon prove to generate fools instead of real wealth.
Today I’m going on the record with a prediction that I’ll offer with near absolute certainty: The rigged markets that now seem to defy gravity will be deliberately and destructively imploded under President Trump for all the obvious reasons. There will be financial chaos like we’ve never seen before: Investors leaping off tall buildings, banks declaring extended “holidays” that freeze transactions, and California pensioners slitting their wrists after they discover their promised pension funds were just vaporized by incompetent bureaucrats.
On the other hand, there are others that believe that Trump is just walking into a very bad situation and that a crash would be inevitable no matter who was president.
History tells us that there is no possible way that stock prices can stay at this irrational level indefinitely. But for now a wave of optimism is sweeping the nation, and many of those that are caught up in it will get seriously angry with you if you try to inject a dose of reality into the conversation.
But like I said yesterday, let’s hope that the optimists are correct. A survey that was just taken of 600 business executives found that 62 percent of them were optimistic about the U.S. economy over the next 12 months.
Incredibly, that number was sitting at just 38 percent the previous quarter.
DO NOT MISS: Understanding the Root Cause of the Coming Global Reset…
For the moment, business leaders seem to be quite thrilled that we have a business executive in the White House.
Hopefully Donald Trump’s business experience will translate well to his new position. And it is certainly my hope that he is as successful as possible.
But even during the campaign Trump talked about how stocks were in a giant bubble, and the euphoria that we have seen since his election victory has just made that bubble even larger.
Throughout U.S. history, every giant financial bubble has always ended very badly, and this time around will not be any exception.
Trump may get the blame for it when it bursts, but the truth is that the conditions for the coming crisis have been building for a very, very long time.
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:
Peter Schiff: “Default or Not, U.S. Dollar Is Going to Collapse Either Way” (Video)
Jim Rickards Discusses Looming Shut Down of the Entire US Economy (Video)
Dr. Jim Willie: Worst Bond Crisis in 15 Years, World Quickly Losing Confidence in US
Bill Holter: Between Now and Election Will Be Extremely Dangerous (Video)
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
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)
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FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: Americans Cannot Comprehend the Loss of the Dollar as the World Reserve
Dr. Jim Willie: Worst Bond Crisis in 15 Years, World Quickly Losing Confidence in US
Dr. Jim Willie: U.S. Will Lose Global Reserve Status, 80-90% Devaluation of U.S. Dollar
Dr. Jim Willie: Unprecedented Bond Dumping Means U.S. Dollar Collapse Ahead
Dr. Jim Willie: Western Banking Is Totally Broken, Insolvent and Corrupt
Dr. Jim Willie: Huge Red Flags Could Be Telling Us Global Currency Reset Is Upon Us!
Dr. Jim Willie: The Earth Continues to Turn, Even as it Continues to Crumble
Dr. Jim Willie: Collapse of U.S. Dollar, Rise of Gold, and Global Economic Rehab (Video)
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: We’ve Got “Educated People” That Are Stupid As Bedposts
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FOR MORE LINKS ON MARTIAL LAW:
Reports of Active U.S. Military Drilling for “Authoritarian Rule of Law” (Martial Law)
U.N. Soldier Says They Will Soon Occupy America: “Going Door-to-Door Taking Guns…”
1,500 Pages of New Documents That Reveal U.S. Government’s Martial Law Agenda (Video)
Mainstream Media Blasts Alternative News Personality on FEMA Camps (Videos)
Ron Paul: Undeniable Proof Martial Law Is Coming Because of the Economy (Video)
Virginia Police and Homeland Security Doing Exercises for Marital Law Conditions (Video)
Latest News on Government’s Preparing For Civil War or Martial Law (Videos)
Martial Law Convoys Sent to Baton Rouge, Dallas, and St. Paul Before Shootings (Videos)
Pentagon Approves U.N. Use Of Force Against American Civilians (Video)
What Is the U.S. Government Endlessly Preparing For (Videos)
Patriot Films Shocking New Video of a FEMA Camp Recently Discovered in Texas
Major Update to Military Movement and Actual Documentation of Their Plans (Video)
United Nations Troops on U.S. Soil Prepared to Assist With Martial Law? (Videos)
Obama Has Prepared FEMA for All Four Storms… Are You Prepared?
13 States Obama Is Using for His Nefarious Secret Agenda (Video)
Obama: Be Ready For EMP Attacks, Engineered Pandemics, Earthquakes, and Martial Law
How Likely is Martial Law in the US, and What Happens Under Martial Law
Law Enforcement Preparing For Rioting on National Scale (Videos)
All Armed Americans To Be Detained In FEMA Camps Starting In 2017? (Video)
Beware of Martial Law: Obama Will Confiscate Firearms Of All 50 States in 2016
Army Not Prepping for Battle; Training For Riot Control and Martial Law
Pentagon Says Preparing For Huge Civil Unrest in U.S. (Videos)
Political Dissidents Homes Being Marked By FEMA Prior to Martial Law?
Government “Threat List:” 8 Million People To Be Detained Immediately
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Yep. I might go to exchange for one each of your notes because the globalists will collapse your dollar like the tantrum throwing tards they are… Youll be a combination of india africa and afghanistan pretty soon.
I used U.S. Currency in Canada around Toronto Ontario airport Dixie road Husky truck stop and flying J truck stop and egg o luscious and tim hortons . Their cash registers did the currency exchange rate automatically . Except for a few places. Husky truck stop and flying J truck stop and Tim Horton s and burger king did the exchange rate at the cash register but some restaurant s wouldn’t do it.
Lavender Rose or VoR, I attempted another video https://youtu.be/4GXTqZvEZ4E
Regardless of how The Game is skewed and who said what, when The Vast Majority are more interested in Gossipping than The State of their Enslavement, there is only Talk, Talk & Talk in the offing. There is nothing else.
This is why Malevolence is Division. Having the ability to divide. Not because The Kreature possesses certain magical powers of persuasion but because Humans are Innately Divided in the first instance.
When the individual is Innately Uncertain, not only will Gambling appeal, then all anyone needs to do to promote individual self-chaos [leading to Overall Chaos] is to appeal to The Uncertainty Within. You know, when the individual is, somehow but don’t know how, made to Gamble/Guess/”Futurise” and imagine that that is the way forwards. But NOT when Gambling Under Perfect Conditions merely realises neither Gain nor Loss with Gambling under Imperfect Conditions realising a Loss at The End.
As said, “Don’t Go Looking For It. Be Happy With What You’ve Got”. When The Change Within merely leads to trying To Change Without, that is Changing Nothing Real. Be aware that when engaging with Malevolence, there is ONLY one outcome and that is to become malevolent too, another name for Malevolence being Cuningness/Cleverness/Subtelty.
This is why Absolute Change, like ALL Absolutes, Begins and Ends with self. We can never, ever, Change Another other than being an example of Change for Another to follow – regardless of whether Another follows The Change in self [leading, perhaps, to realising The Self] or not.
Divinity, aka The Spiritually Benevolent, exists. Firstly as The Energy Creator whose First Gift to The Absolutely Faithful is having the ability to distinguish between Reality/Benevolence and Relativity/Malevolence. OTOH, when The Vast Majority act and believe that, somehow but don’t know how, there is Truth within UnTruth, you know that Change is Another Big Joke.
The current President Elect’s main slogan is, “Make Amerika Great Again”. He did not say, “Make Truth Great Again”, now did he? So how come The Vast Majority who’ve had elected him equate that as, “Make Truth Great Again”, with many pinning on hopes that Da Trumpeter will make them/Amerikans Great Again? Really? You jesting or merely mesmerised.
ALL realise that Greatness cannot be derived when Another has to make [unwilling] sacrifice/s – unless one’s mantra is that of The Kibuttzim Kowboys’, which happen to be The Mostest, The Bestest & The Greatest. Yes, go figure ! Greatar Masterland, hier ve kommer !
Remember that should Benevolence exists as The Energy Creator, A Moment will arrive when The Difference between Truth & UnTruth is for Absolute Judgement and not merely for “Politics”, Show or Might-is-Right – otherwise why should ALL, somehow but don’t know how, “Die” one fine day? More so when The Spiritual, in addition to being “personal”, is where Knowledge/”Human-Intellect-Intelligence” has NO/ZERO relevance. Not that ANY Thinker will be able to realise the veracity of The Truth, of course. Not when Trekkers will Go A-Trakking to Mars und BEYOND.
“The Demise of NASA” might fool “The Mesmerised of Science” via “The Privitisation of Space”, but not when “they”, somehow but don’t know how, will “Die-Off” one-by-one before “Mars is Conquered”, Mars being At the Perineum, aka “The Gates of Hell”, which, co-incidentally, happens to be where “Gravity” is. Next the Jokers will be joining-in the “Opening Ceremonies”, “Nibiru” and other jokes from The Future.