Jim Willie Breaks Down the Collapse of the Petrodollar, & Is JPMorgan About to Leverage Their Silver Stockpile to REVALUE SILVER MASSIVELY HIGHER?
Led by Vladimir Putin negotiating in Shanghai himself, the Russia-China “Holy Grail” Gas Deal of the Century- $400 billion over 30 years, is official.
Several Russian News outlets have reported that Russia, Kazakhstan and Belarus, that currently form the Eurasian customs union, will sign an agreement in May to accelerate the formation of an economic union and a joint currency: the Altyn.
Russia’s economy is eight times smaller than the US, but by forming a new ‘empire’ on top of a vast amounts of resources, this economic block will be a serious threat for the US petrodollar.
Russia is now speaking openly about getting rid of the US dollar for trading energy, building its own payment system and closing gas export deals with China – the other Asian empire. The Eurasian Economic Union will be a powerful stab at the US dollar hegemony.
By the way, the meaning of the Turkish word “Altyn” is … gold.
In likely his longest and most in-depth interview ever given to date, Jim Willie discusses the sunset of the King Dollar, and gold’s up and coming role as a global reserve currency.
Willie breaks down the introduction of capital controls in the US, and the fact that all the signals point to the same conclusion: The system is breaking down.
“5,000 tons of gold have moved east in the past year. The game is over. The King Dollar is dead.”
Willie’s full MUST LISTEN interview is below:
In his latest video, Chris Duane digs in to the UK Daily Mail report that the Saudis have severed diplomatic ties with the US, and are dropping the petro-dollar in response to the failure of the Kerry-Obama team to launch a Syrian invasion.
Duane states the Saudi threats are a hoax aimed to increase pressure on the Obama administration to refocus the war machine on Iran and Syria.
Duane ponders whether Dick Cheney’s plans for a false flag on Americans to justify an Iranian invasion will soon be implemented or whether enough of the world has awoken to the debt & death paradigm to prevent the kick off of World War 3.
In the latest Keiser Report, Max discusses the four horsemen of the bondpoclypse riding into town bringing with them the reversal of multi-decades long trends and as pipe swipers steal toilets and as supermarkets hit the limits of cost-cutting, the population confronts the high cost of backsliding trends. In the second half of the show, Max Keiser talks to former energy regulator, Chris Cook, about how we move from dollar diplomacy to gas diplomacy and a world where energy as the modern water hole where you don’t have to kill each other and a natural gas backed currency becomes a new global reserve currency in a post-dollar world.
Competitive currency devaluations are in effect a continuation of currency debasement. Debasement is simply the devaluing of one’s currency or money. In ancient and medieval history it used to be done through the clipping of gold and silver coins.
Today it is done through excessive money creation through the printing of, and indeed the electronic creations of billions and billions of dollars, pounds, euros and other fiat currencies. Indeed, today central bankers are creating billions and billions of electronic money simply by pressing a few buttons on a computer.
Currency wars are set to deepen as most industrial nations in the western world are close to insolvent and look on the verge of recessions – potentially deep ones.
The U.S. will never be able to pay its debts back and so it will attempt to inflate them away through currency devaluation. This poses risks to the global reserve currency status of the dollar – especially as the world moves to a multi polar world where India, Russia, Brazil and China exert their increasing economic and political power.