Jim Willie: First Nations to Depart the Dollar Will be the Survivors of the Coming Collapse!

When it comes to U.S. economic or foreign policy, Dr. Jim Willie, Publisher of the Hat Trick Letter, says, “The U.S. Ship of State is sinking, and it is a derelict vessel.”  About President Obama, Dr. Willie contends, “He looks weak. He looks backed into a corner. He looks just like Fed Chief Bernanke who also has no exit strategy. They are all tied together because a lot of the actions out there are directed against the dollar.”
Dr. Willie goes on to say, “The U.S. is in an indefensible position, both with war and monetary policy.” All the QE, or money printing by the Fed, has the world on edge and outraged. Dr. Willie explains, “This is abuse of credit card by the United States. We run deficits and then say screw you all. You can just buy Treasury bonds because you have to.” According to Dr. Willie, the rest of the world is tired of the money printing by the Fed and wants to use a new currency to escape the coming global inflation of a dollar that can quickly lose its buying power. Dr. Willie says, “This is financial survival. Nations need to depart from the dollar, and the first ones that do will be the survivors, and lost ones will enter the third world.” As far as Syria, Dr. Willie says it’s not about chemical weapons, but about pipelines and our adversaries gaining economic advantage. Dr. Willie claims, “The U.S. is obstructing capitalism and commerce. That is the problem.” Join Greg Hunter as he goes One-on-One with Jim Willie.

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Comments

  1. JW predicts dollar devaluation. IMO the new $100 bills that are being printed by the pallet load will be released soon into circulation soon. At the same time they are pulling worn and torn $100 bills out of the system at record rates, pulling down the actual amount of US currency on the world market, all while flooding that same world market with electronically generated computer dollars. During the last 3 years capital controls have been put in place and made fully functional. There is a hefty surtax on money leaving the country. When the new $100 bill is released, the dolts bank accounts and IRA’s will be Cyprused IMO.

    • Yes, its kind of like asking for a glass of ice water in hell.

      “This is financial survival.”

      Stack Silver, but make sure food & other survival tools.

      If we have time, make sure to contact Congress, the Senate, & even the executive branches and let them know about how you feel about war in the Mediterranean Sea.

      This is nothing more than a game to please the stock holders in building up to the “PLANET EARTH INCORPORATION.” Where Silver and Gold means nothing.

    • Mexrph, the new US $100 bill will be released on October 8th.
       
      http://www.newmoney.gov/faq/default.htm
       
      I am still not sure whether there is any deeper significance to this, or whether is is just “Business As Usual” for the treasury.

    • The reason for the new $100 bill may be to keep all the foreign held currency from making its way back to the U.S.  There have been several press releases recently about sophisticated counterfeiting operations in Peru, Columbia, N. Korea.  Purpose may be to put the thought in everyone’s mind that foreigners hold a lot of counterfeit currency.  Release the new bills and label the foreign held currency as likely counterfeit.  Foreigners will then be afraid to repatriate their dollars for fear of confiscation. 

  2. I’m not sure if Willie mentioned Banca De Monti Pesci but they are in need of another 2.5 billion Euros and there is no one out there whois going to make that investment   It is thought that this bank will be forced to BAIL-IN that amount via the bond holders and share holders.  But there more.  2.5 billion wont do the job so the depositors are going to get a Diesel-Boom bail in.  If you have funds in BDMP get them out  and get out of the entire Italian banking system  better yet, get out of the Euro and Europe and any other bank in the world,  this will spread like wildfire.

  3. Or better yet, go to: http://whitehouse.gov

    Obummer is going to the public tomorrow 9 pm est. to sell his plans.

  4. Jim Willie has gone Gerald Celente crazy.

    • Jim Willie’s Forecast Record…..17 correct – 2 misses

      COMPLETED FORECASTS (and dates made):

      (all 2007 and early 2008)

      1. Demise of Fannie Mae and Lehman Brothers

      (all 2005, all 2006, all 2007)

      2. Housing Market Bust, from Exhausted Unqualified Buyers

      (all 2005, all 2006, all 2007)

      3. Mortgage Market Bust, Triggered by Subprime Mortgage Failures

      (all 2006, all 2007, all 2008)

      4. Insolvent US Banking System, from Mortgage & USEconomic Bust

      (autumn 2010)

      5. Dubai Credit Bust, from Overdone Construction

      (autumn 2010)

      6. Southern Europe Sovereign Debt Bust

      (late 2008, early 2009)

      7. USFed Move Down to Zero Percent, after US General Systemic Bust

      (early and middle 2009)

      8. Dismissal of Green Shoots in USEconomic Recovery

      (summer 2009, all 2010, all 2011)

      9. Later, Zero Rate Policy Forever (ZIRP ad Infinitum, no Exit Strategy)

      (early 2009 — WRONG — NOT!!)

      10. Sharp USTreasury Yield Rise due to $1 Trillion USGovt Debt (XXX)

      (all 2009, all 2010, all 2011, all 2012)

      11. Repeated USGovt Deficits over $1 Trillion

      (all 2009, all 2010, all 2011 — APPARENTLY WRONG)

      12. Introduction of the Nordic Euro Currency as German Core Splits (XXX?)

      (late 2009, all 2010

      13. Installed USFed Bond Monetization Program, aka Quantitative Easing

      (all 2011, all 2012)

      14. Later the Bond Monetization ad Infinitum, aka QE to Infinity

      (March 2011)

      15. Japanese Yen Currency Rise to 125 After Earthquake & Fukushima Event

      (all 2012, all 2013)

      16. Rising Global Cost Structure & Capital Destruction from USFed Policy

      (all 2011, all 2012, all 2013)

      17. Growing Spread Between COMEX Gold Price versus Physical Gold Price

      (all 2011, all 2012, all 2013)

      18. Irrelevance of Group of 8 (aka G-8) and Ascendance of G-20 Nations

      (May 2012)

      19. Rally in USTreasurys after London Whale Exposure by JPMorguen

      ==========

       
      Crazy right. 

    • UD – out of interest, are you able to scratch up a similar list for Jim Sinclair?
       
      I’d bet that JS’s results would be nowhere near as impressive as JW’s.

    • List was from Jim Willie’s website.  

  5. Gone Celente crazy?  I think Willie gave Celente lessons in  crazy.  But he’s our type (of maybe my type) crazy LOL
    One very important point is made
    The first through the door get the best deal. Chavez in Venezuela got his gold.  Khadaffi got dead for his gold.  German was told to pound sand.
    These iceberg tips show the danger of remaining fully invested in the dollar.

    • Chavez was already a dead man walking when he asked for his gold back.  Weaponized cancer virus.  Chavez pointed out that himself and four other South American anti-N.W.O. leaders all came down with cancer.  Hmmm.  Just a coincidence I’m sure.

  6. They are going to devalue the dollar to zero, even that shiny new hundred won’t buy a loaf of bread soon.

  7. What happened to Mr.Willie’s Deutsche Bank imminent crash prediction?

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