In the wake of the Swiss National Bank shocking the market this week de-pegging the CHF from the Euro, the Golden Jackass Jim Willie joined us over the weekend for an Exclusive Interview discussing:
- Willie explains why the Swiss are dumping the Euro in favor of GOLD, and that multi-hundred billion trading losses will result in MASSIVE DERIVATIVE LOSSES & CONTAGION!
- Swiss actions have brought a HUGE ACCELERATION of end game events–We’re looking at the potential END of the EURO!
- Swiss have front run the Global Currency Reset & GOLD REVALUATION!
- $2 TRILLION IN SUB-PRIME OIL BONDS ARE ABOUT TO EXPLODE! Contagion will be bigger than sub-prime housing crash!
- Dollar Death-Spike: Fed has LOST CONTROL of the dollar!
- Coming European bank failures will result in a STAMPEDE INTO GOLD!
- 2015 Will be a repeat of Lehman- Several Western banks will go down, This is GAME OVER!
- When Putin flips his switch, the DOLLAR IS DEAD, and Gold Will DOUBLE!
- GREXIT will blow up the EU!
One of Jim Willie’s Most Dynamic & STUNNING Interviews EVER is below:
The Doc began by asking the Golden Jackass his thoughts on the Swiss Franc de-pegging from the Euro:
– tipped off on Draghi EuroCB decision to proceed with QE bond monetization
-Currency interventions are coming to a CLIMAX!
– could be as simple as Swiss bank noticing the physical gold flows
– Swiss act as gold coordinator (see Bank For Intl Settlemt) and guide for refiners
– could anticipate German departure from common Euro currency
– could anticipate Greek Exit and huge shock waves
– numerous factors could lead to widespread European bank failures
Willie made a STUNNING prognosis for 2015- Death of the dollar and GOLD REVALUATION:
– energy trade gradually excluding USD
– key upcoming element is Saudi/OPEC acceptance of non-USD
– US losing control of USD and oil price (Petro-Dollar demise in full view)
– US oil industry at great risk ($2 trillion in shale bond all subprime)
– convergence of Brent & WTexas oil price signal in 2013
– US blocks all reset Currency & Gold market reform
– therefore East will force Gold Standard through trade channels
– Eastern capital development and asset acquisition will be done on USTBond tab
– East led by BRICS are to shun avoid reject the USD
– QE has accelerated all movements to remove the USD from trade and banking
The Doc then asked Will for his take on the upcoming Greek elections- will we see a GREXIT?
– potential for European bank runs, bail-ins
– ELA is Emergency Liquidity Assistance
– four big Greek banks ask aid
– Syriza Party seeks to abandon austerity and probably the common Euro currency
– debt default likely following EUR 240bn bailout
– EU 195bn debt owed to EU nations = 4% of EU govt budgets
Germany 56.5bn, France 42.4bn, Italy 37.3bn, Spain 24.8bn, Dutch 11.9bn
– GREXIT will blow up EU on fiscal side
– Swiss Natl Bank on currency side
– USGovt sanctions on economic side
– Germany on monetary side
– Ukraine on energy side