jim willieIn this MUST WATCH interview with Finance & Liberty’s Elijah Johnson, Jim Willie breaks down his explosive prediction that Germany is in the process of pivoting east to join the Russian/Chinese/ BRIC alliance, and abandoning the fiat US dollar currency regime.
The dollar is going to be rejected on the global stage, and the majority of Americans won’t even know it!

Jim Willie’s full interview on the end of the Petro-Dollar Regime is below: 

    • Hairy Dent?  Sounds like a porn star.  lol
      Yeah, he’s been pushing that line for some time now but can’t seem to explain why anyone would produce a product for sale at well below their costs.

    • ROM  Roger that.
      The slow shift from the USD res currency to another can’t be hidden from view.  Eventually the people will see it.  The MIC sees it now.  The soldiers are paid in USD. When the MIC and the soldiers see that their funds are in freefall things will get pretty dangerous in the neighborhood.  I cant say for certain if the loss of the British Pound as the world reserve currency precipitated WWI or WWII or was a result of those wars, but those 2 wars will be modest in scope and damage to what the USG and MIC are capable of when the dollar is kicked to the curb.
      Willie has some first rate observations with one thing that is annoying.  Most of the listeners and readers know that the Kiev colored revolution was a result of Soros and his investment in the overthrown of that government and the fact that the US and CIA spent $5 billion to facilitate the overthrown. That silly state department twit bragged about it.
       If the 44 tons of gold and $70 billion taken from the overthrown Kiev admistration is accurate, that must have been of a first rate investment in economic and governmental terrorism
      Germany has a really tough choice in allying itself with Russia  
      Merkel can see the oil derricks behind the Kremlin right from her office.
      She can see Putin’s bootprint on Obama’s derriere from her west facing office.
      The neck knows boots but  oil is oil.
       Germany won’t run well on D.C. windpower.

    • Germany is already financially and industrially allied with Russia.  Closer ties will follow as it becomes even more clear that destiny is drawing these two nations ever closer.

  1. One more thing
    Bill Holter has been providing some excellent commentary on the USD and BRICS, including its new  BRICS bank.
    One point he notes is that BNP Paribas, Cradit Agricole and Barklays, and soon DBank, were fined tens of billions of dollars for trading in dollars.  The question of whether these trades were criminal is moot.  That’s in the eye of Holder who is little more than a gonnif in a $5,000 suit.
    The DOJ prosecuted these banks because the foreign banks were trading with LFNs (Least Favored Nations( like Sudan and Iran.  
    The banker’s mistake?  Trading in US Dollars.  Since that this the only currency with which to trade, if the trades are in ‘illegal’ then the prosecution is in dollars.  
    Bankers are going to favor the BRICS bank and alternative reserve currencies because the DOJ and USG has turned the USD into a FIAT roach motel.  Bankers love comfy hotel suites until the goon squads come for payment. Check out is a bitch.
    Holter and Willie pretty much wrap the news on these events.  

    • I can’t think of very many investments that I would rather not have than bonds.  Hmmm… let me see…  7.5 ounces of gold or a $10,000 UST bond?  Oh, yeah, make mine the investment that jingles sweetly in my coin purse.  The world is awash in debt and will likely drown in it shortly.  We can be forgiven for not diving into this crowded and polluted pool.

  2. Not me Ranger  But the chinese are buying by the boat load.  I think they see it as a way to have enough ammo to crush the dollar when the time comes.
    a few interesting things happening along with the UST rate down. The Portugese banking system is tipping with one more of the BES affiliates taking bankruptcy.  The Argies have 1 week before they default.   The derivatives attached to those two countries and their bonds could hit our TBTF banks as well as DBank.  P Bonds are 2.72%  USTs 2.46%    Both are CCC minus with negative outlook  Go figure
    Maybe a bunch of hedge funds and sovereign wealth funds are piling on because the UST is still seen as a safe haven
    Just guessing,  but the UST might be the only lifeboat without holes right now.
    It does seem like the Fed and US treasury are ring fencing stupid money
    food and fuel futures are green this AM.

    • @AGXIIK
      “Maybe a bunch of hedge funds and sovereign wealth funds are piling on because the UST is still seen as a safe haven”
      This is either the world’s greatest knee-jerk reaction OR people running money these days truly have lost their minds.  This is one of the worst investments there is, particularly after factoring in the effects of taxation and inflation.  If UST bonds were such a great investment, why does the US Fed have to buy 3/4 of the ones that are offered for sale these days?

  3. Dr.Willie   one of my favorite Prophets …also France is joining BRICS ,sold two Warships to Russia like Germany NEED BRICS.
    Look for the DXY to drop to  @ 76.At that point Countries All over that World will be knocking on the BRICS door  lol!

  4. Why U.S. Opposes a Return to the Gold Standard
    by Shih Yuan
    [This article is reprinted from Peking Review, #9, Feb. 26, 1965, pp. 24-25.]
    FRENCH President Charles de Gaulle’s recent call for an end to U.S. dollar dominance in the international monetary market and a return to the gold standard has met with an immediate spate of abuse from Washington. The alarmed U.S. rulers are apprehensive of losing their financial hegemony over the capitalist world.
    It is well known that under the gold standard system gold is considered the only world currency in international payments. The French President’s proposal means that from now on gold should be used as the final medium in international payments and clearance. This would deprive the dollar of its privileged position as an “international currency,” and more than ever many countries would need gold rather than dollars and would rush to cash in dollars for gold from the United States. Consequently, there would be a still greater American gold outflow.
    In the capitalist world, the U.S. dollar has occupied for 31 years a privileged position of equality to gold. Many capitalist countries kept the dollar as a reserve to support their domestic currency. Particularly in international payments and transactions, the dollar has enjoyed special prerogatives. Thus, the United States has actually become a central bank for the capitalist world, issuing paper currency and using it as an equivalent to gold. Such an abnormal state of affairs has given the U.S. Government innumerable advantages.
    As a rule, a country cannot pay off its debt to another except by exporting goods or in gold. Payment in the currency of a debtor nation would not be accepted by a creditor nation. However, the United States takes advantage of the dollar’s supremacy and compels other countries to accept payment in dollars as a means of making up its own deficits.
    All that the U.S. financial authorities need do to carry out expansionist and aggressive policies abroad is to print more dollars which are then used to grab huge amounts of foreign resources, buy over puppet governments and lease military bases. When their domestic economy and finances are in crisis, they can also shift or export the crisis to other countries. Nothing could be more beneficial to the United States. As Johnson admitted in his latest economic report, the position of the American dollar “is central to all U.S. objectives abroad.” Under such conditions, why should the United States be willing to give up the dollar’s position as an international currency?
    The U.S. ruling class has been able to dominate the Western monetary world with the dollar only because it once held a great amount of gold.
    As a result of the unstable political situation in Europe before World War II and the completely ravaged West European economy after that war, gold flowed into the United States. Hence, gold holdings in U.S. hands had amounted to 70 per cent of the capitalist world total for a long time, and the dollar, therefore, became the only currency which can be converted into gold at a fixed rate. Although the actual purchasing power of the dollar has dropped by more than 50 per cent over the past decades, the U.S. Treasury Department has continued purchasing gold from foreign countries at the official rate of 35 dollars an ounce. Since other countries do not have enough gold to back their own currencies, they had to take the dollar as a substitute for gold in international trade and payments. Even though they were dissatis4ed with this, they had no other choice except to bow to U.S. manipulation.
    Since 1950, however, the strength of the other capitalist countries has gradually been revived and their gold reserves have increased rapidly. U.S. gold reserves, on the other hand, have been dwindling, and confidence in the dollar becomes more and more shaky. Under these circumstances, it is natural that the dollar as an international currency should have been opposed by the other countries.
    As a matter of fact, the U.S. financial authorities have long called for support from the monetary authorities of the West European countries who possess large amounts of dollars, asking them not to convert their dollar holdings into gold.
    While the reality of the dollar slump can no longer be concealed, the U.S. Government still holds fast to the dominating position of the dollar. The U.S. Secretary of the Treasury and other officials of the Johnson Administration have emphasized recently that the dollar will not be devaluated and the United States is determined to maintain the official rate of 35 dollars to one ounce of gold, an admission that Washington will not easily give up its financial hegemony unless it comes to the end of its rope.
    Both the government and press in the United States in the past few weeks have made various attacks on the gold standard system, in an effort to find a way out of the difficult American situation caused by de Gaulle’s speech. They asserted that the gold standard system is out of date; that the total amount of gold in the world is far from enough, and if the dollar is not used to supplement gold, international trade and economy will be harmed by a “deflation,” and so forth. One would think international trade and economy could not go on even for a day without the dollar.
    In fact, it is largely due to the unstability of the dollar that capitalist world finance—which is based on the dollar—has become so shaky today. Since 1958, because the United States has issued paper currency abroad on a more lavish scale, the dollar has suffered a tremendous loss of confidence, and the price of gold rose suddenly several times in the international financial market. Countries with huge dollar holdings and those keeping the dollar as their domestic monetary reserve were thrown into a state of panic, fearful that a sudden dollar devaluation would bring them unexpected disaster. The rise in the price of gold in London to 40 dollars an ounce in November 1960 flung the whole capitalist world into confusion, clear evidence of the prevailing panic.
    The dollar is no equivalent to gold, to begin with. And now it has become a root cause of the Western world’s unstable monetary and financial situation. Therefore, the demand to reform the present Western International monetary system, which has the dollar as its foundation, is actually an irreversible trend. Although de Gaulle’s speech has provoked loud U.S. official outrage, West Germany, Italy, the Netherlands, Belgium, Luxembourg and other countries have expressed sympathy. This attests to the fact that on this question it is the United States and not France which has been isolated.
    More and more the countries of Western Europe, which hold a great quantity of dollars and gold, have been controlling the destiny of the dollar. Thus, however hard the U.S. rulers may struggle, their days of hegemony in the international financial market are numbered.

  5. . He is no fan of Anglo-American capitalism
    How socialist is Hollande? That’s a debate that is really just beginning.
    In the run-up to this campaign, many observers saw him as a compromising centre-left candidate, not unlike Britain’s former Labour prime minister Tony Blair, the Globe and Mail’s Doug Saunders wrote recently.
    But beginning in late January and in these last weeks of campaigning in particular, he appears to have taken a more leftward tilt, some are now saying.
    Hollande, in fact, stunned observers in January with the observation that “my opponent is the world of finance,” and that nations cannot be enslaved to the whims of the bond markets, positions he has repeated on several occasions since.
    Britain’s influential Economist magazine called his ideas dangerous. The Financial Times, on the other hand, opined that he is merely talking left and will steer right.
    But Britain’s Conservative Prime Minister David Cameron made a point of snubbing Hollande when he crossed the channel to London in March for a day of meet and greet.
    Hollande told a New York Times interviewer that he had soured on American-style global capitalism during a student visit there in the 1970s.
    But it is not clear whether these views are deeply held or just meant to present an election-period contrast with Sarkozy’s apparent infatuation with the lifestyles of the rich and famous.
    Hollande’s economic platform calls for rolling back the retirement age from 62 to 60, hiring some 60,000 more teachers, holding off balancing the budget until 2017, and imposing a 75 per cent top tax bracket on those earning more than a million euros ($1.3 million) a year. “I don’t like the rich,” he is reported to have once said.
    He has also promised to cut his presidential salary by a third and do away with the judicial immunity that a French president enjoys.

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