On this Memorial Day Holiday weekend, we present Hat Trick Letter Editor Jim Willie uncut in a 2+ hour interview, discussing the SDR, the coming explosion in the price of gold, “conspiracy theories”, and how cryptocurrencies may play a role in the new gold backed global currency.
LISTEN AT YOUR OWN RISK!!
Deagel has posted an update to its forecast for a coming economic collapse of the United States and the resulting 78% “depopulation” of the US that will occur.
The collapse of the Western financial system will wipe out the standard of living of its population while ending ponzi schemes such as the stock exchange and the pension funds. The population will be hit so badly by a full array of bubbles and ponzi schemes that the migration engine will start to work in reverse accelerating itself due to ripple effects thus leading to the demise of the States.
The death toll will be horrible.
The American downfall is set to be far worse than the Soviet Union’s one. A confluence of crisis with a devastating result…
“This is going to be an overnight or over the weekend type of event where you have what you have on a Friday and you wake up on a Monday morning and you can’t trade anything and you’re locked in to your position.
So it’s absolutely imperative that you have what you WANT to have, because you won’t have a chance to change it…
Gold and silver are THE only monies out there that are not “credit based” or derive their values via the credit markets … markets which will ultimately will be closed!”
Gold and silver rallied strongly last Friday and into Monday’s overnight trading (UK time) before spending the rest of the week drifting lower from initial highs to consolidate above notional support at $1200 and $17 respectively.
As of Friday morning, in US dollars gold is now up 2.2% and silver 10.2% on the year.
Full MUST LISTEN interview with Hat Trick Letter Editor Jim Willie is Below:
The Greek government says that a “moment of truth” is coming on June 5th. Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF. Of course it won’t technically be a “default” according to IMF rules for another 30 days after that, but without a doubt news that Greece cannot pay will send shockwaves throughout the financial world.
At that point, those holding Greek bonds will start to panic as they realize that they might not get paid as well.
All over Europe, there are major banks that are holding large amounts of Greek debt and derivatives that are related to the performance of Greek debt. If something is not done to avert disaster at the last moment, a default by Greece could be the spark that sets off a major financial crisis this summer.
When the next crisis hits, the same banking powers who fleeced US citizens for over $13 TRILLION in 2008/09 will be right back at it.
These men know that the only prayer they have to survive, is to seize everything they can grab.
From bail-ins to QE, from cash-infusions to retirement accounts..there’s nothing they won’t try to get their hands on…
Regardless of the flood of Orwellian propaganda coming from Wall Street, the financial media and the various Government and quasi-Government agencies, by all valid economic activity metrics the U.S. economy is entering into crash mode.
The problem faced by all of us is that the crash that is in front of us will be many multiples more severe than what occurred in 2008.