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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: 

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2015: The Year when Economic Reality hits like a ton of bricks- lost control of the oil price, evidence of broken USDollar structure and dismantled Petro-Dollar linkage, with enormous imminent damage to the oil industry’s subprime shale bonds with an estimated volume of $2 trillion (far bigger than the mortgage subprime bonds).
As Eastern nations under the BRICS movement follow the non-USD trade model, and adopt the Gold Trade Note model, the global banking systems will no longer require USTreasury Bonds in their reserves structure… they will diversify out of them, causing the USGovt to launch a new Scheiss Dollar (devalued heavily) in order to guarantee import supply flow, while amplifying the QE volume as the dumped USTBonds are soaked up… the result will be shortage, inflation, & chaos.
The Gold Standard will return through the trade doors, and not the currency doors…
This is Game Over for the USDollar as the End Game is obvious in systemic breakdown.

big reset

The End Game is underway and in progress
People had better prepare themselves for some conclusion events, certain to occur with fireworks.
The USDollar is soon to go away, put to rest, killed off
Its rise signals its demise.  The hidden dismantle of the Petro-Dollar mechanism has been eerie, mysterious, and full of intrigue.   The crisis is better described as the Global Monetary War.
The Gold Standard will return, but through the trade window.  The solution to the untreated Global Financial Crisis is the gold route.
The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road.
It cannot be stopped, not even by war.

The safe haven is not the USDollar, but rather Gold & Silver bars & coins, otherwise defined as money. 
Any nation wishing to establish trade or a monetary system centered upon gold is branded a rogue nation, subject to extreme propaganda. This is precisely why Russia is being vilified, since they want no more USDollar in trade or banking, and lead a global movement to discard the USD as global reserve currency.
The solution is with precious metals as the core to banking, trade, and currency, even wealth preservation. 

The agents of change are working at hyper-speed nowThe USDollar is doomed, and its captains are running for their lives.
The return of Gold to its primacy is long overdue.

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In his first interview of 2015, Hat Trick Letter Jim Willie breaks down the emerging global currency war, discusses the Tower of Bubble & the coming derivatives collapse, and explains why a 4-5 FOLD rise in the gold price is coming! 
Willie makes the case that the US Fed is supporting $200 BILLION a month in failed derivatives, and that the rise in the USD is a sign of COMPLETE COLLAPSE of the US economy! 

China dragon

America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day.
When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program.
This would allow China’s currency to become a competitor with the dollar.

Equally importantly, it would allow the Fed to hide the key role that a higher gold price would play, in managing US government debt that is clearly out of control.

Today, markets plummeted throughout the globe as oil finished the day below the 50 dollar barrier.
Merkel today stated that the Euro area can survive a GREXIT and that was the catalyst for the fall today.

Let’s head immediately to see the major data points for the day:

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Rosy GDP numbers may have cheered the masses, but John Williams of ShadowStats.com says we’re a long way from prosperity, and warns to prepare for a downhill run for the dollar in 2015. 
In this interview with The Gold Report, Williams debunks the myth of economic recovery and warns that we still have serious debts to settle.
That is why he is recommending caution in 2015 to preserve purchasing power and maintain your standard of living. 

This week, the Russian central bank announced a shock decision to hike up its key interest rate from 10.5% to 17%, effective immediately.   Incredible.
On Monday alone the ruble declined more than 9% against the dollar, and almost 50% in 2014.    It looks like a massacre.
If you listen to conventional financial news, they’ll all tell you that you’d have to be insane to own anything in Russia right now—stocks, bonds, currency, etc.
They’ll tell you that the ruble is in freefall, and that the dollar is the place to be.
However, unlike the Russian Central Bank,  the Fed doesn’t own gold.   It loudly proclaims this on its own website: “The Federal Reserve does not own gold.”  It holds ‘certificates’ which are redeemable for US dollars. But there’s not a single ounce of gold backing the US dollar.
So… with no gold and pitifully razor thin solvency levels, it really wouldn’t take much of a shock to topple the dollar.
By comparison, the ruble is much better capitalized and actually has something backing it.
The bottom line, however, isif you wouldn’t own the ruble, then what are you doing holding 100% of your assets in the dollar?

Image: Jonny O'Callaghan

Given the short time involved, it is clear that there is a major change happening in cross-border trade hardly noticed by financial commentators.   But this is not all: sanctions against Russia have turned her urgently against the dollar as well, and together with China these two nations dominate and carry with them the bulk of Asia, representing nearly four billion rapidly industrialising souls.
To this we should add the Middle East, most of whose oil is now exported to China, India and South-East Asia, making the petro-dollar potentially redundant as well.

While the talking-heads are debating the effect on Russia and America’s shale, they are oblivious to the potential tsunami of dollars just waiting for the opportunity to return to the good old US of A.

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In this MUST LISTEN exclusive holiday interview with the Golden Jackass, Jim Willie discusses the coming CURRENCY WAR in Asia, how the END GAME will play out, and why the dollar is about to RISE DRAMATICALLY….right before it DIES! 

60 minutes of Jim Willie Pedal-to-the-Metal are below: 

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A few years ago Jim Rickards came out with his book “Currency Wars” which talked about countries engaging in a race to devalue their own currencies to try and pump up sagging domestic economies. As things have unfolded, the currency wars have indeed been intense.
We can kind of think of all these massive QE and stimulus programs like a stock car race to see who can devalue their currency the fastest.  Right now the US has pulled in for a pit stop, but Japan, China, and the EU are still fighting it out on the track. 

Here is the net result of central banks pursuing quantitative easing and zero-interest rates: a massive increase in global risks resulting from the carry trades the money expansion and cheap rates fueled.
The central banks’ “solution” has blown another global bubble of risk that now threatens to destabilize not just the carry trades but the economies and credit systems that have become intertwined with the carry trade.

In effect, the failure to address the structural problems revealed in the Global Financial Meltdown of 2008-2009 have been transferred to the larger foreign-exchange (FX) market, which is connected to virtually everything in the global economy.

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The “switching of sides” in the currency war is going red hot, and it’s no longer simply happening on the outer reaches of the Western alliance, but within core countries which the 3rd Wheel Dollar always thought it could count on: like Canada, like Germany, like the U.K.   Country after country is beginning to understand that this is a key moment in history…
And they don’t want to be left standing on the wrong side!
The World’s unwanted, bullying 3rd Wheel Dollar is being permanently relegated to the “friend zone” or worse, and so is the the U.S.’s leadership by extension!
The U.S. petrodollar, once tolerated, due to its violence and power, is now a sagging, bloated, bankrupt shadow of its former self, and the rest of the neighborhood is now teaming up to take on this bully.