Jim Willie: The Shock of Dollar Rejection

jim willieIn this MUST LISTEN interview with TruNews, Jim Willie explains why the Federal Reserve’s policy of zero interest rates and indefinite quantitative easing will eventually result in the dollar being cut off from world trade, a major power shift to the East, and mass social unrest in the United States.

The Golden Jackass’ thoughts on the coming shock of global dollar rejection and the end of the petro-dollar are below: [Read more...]

Jim Sinclair: German Gold Repatriation is the Most Significant Gold Event in 50 Years, Beginning of the End of the US Dollar As Reserve Currency

Legendary gold trader Jim Sinclair has sent an email alert to subscribers today regarding last night’s news that Germany will begin repatriating it’s gold held on deposit at the NY Fed back to the Bundesbank, as well as all 374 tons held at the Bank of France.
Sinclair states that history will look back on this salvo fired across US war financing as being the beginning of the end of the US dollar as the reserve currency of choice, and that under normal circumstances, no major central bank would insult another major central bank in the way that the Bundesbank just has.

Sinclair states that the Bundesbank repatriating its gold reserves is the most significant event in the gold market since Charles De Gaulle called the US hand that it would stand by convertibility, and that gold is headed to $2111 in the near future in the wake of the Bundesbank’s actions.

Sinclair’s full MUST READ alert below: [Read more...]