The Hat Trick Letter writer Dr. Jim Willie contends that the real problem for the West will be paying for oil and natural gas in something other than dollars. Willie warns, “What’s likely to come very soon is Russia is going to demand either rubles or gold bullion for their crude oil and their natural gas. . . . I don’t think it would be a shock to see the Russians come out and say we’ve got over 20,000 tons of gold, and we are going to back our ruble with gold. Screw the dollar. I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own close to 40,000 tons of gold. They are going to have a real currency and do a real global reset and have a real return to the gold standard and screw the dollar with all its toxic sovereign bonds. One of the principle foundations of the dollar is not gold, it’s the military. We’re seeing it now.”
Dr. Willie predicts we will see a shocking “80% decline in the value of the U.S. dollar in three years.”
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Join Greg Hunter as he goes One-on-One with the Dr. Jim Willie, Editor of “The Hat Trick Letter,” who can be found on GoldenJackass.com.