I just listened to the whole interview, and as usual, Jim Willie comes across as a very knowledgeable research analyst. I think he is the best in the financial and economics field; honestly informing us about how Russia, China, and other nations work to break the yoke of the US dollar. The most recent news he discusses is the major oil and gas deal between Russia and China. They will soon eliminate the “petrodollar” – it will no longer require US dollars to trade oil internationally. Russia and China will want to be paid in rubles and yuan. The US military has delayed this event for decades by stopping small nations like Iraq from dumping the exclusive use of dollars, but when Russia and China are ready, the US Army can do nothing. Germany, Japan, and other nations will gradually realign themselves away from the United States.
The dollar will be broken in stages; it will collapse in value in big, painful stages, and it will be obvious sooner than most people think – probably late 2014-2015. Yet our “leaders” will attempt to explain the problem away with BS like: “Washington re-valued the dollar to make it more competitive overseas. It now costs foreign buyers less to purchase our merchandise. This will boost sales and profits for American businesses and create more jobs.” What they won’t say is that gold and silver and oil and gas and foreign imports and high-tech gadgets and food and pretty much everything else will start a meteoric rise in price, destroying the purchasing power and lifestyle of middle class Americans. Hyperinflation, rioting, and martial law aren’t that far away.
— contributed on May 23, 2014 by David Montaigne,
author of End Times and 2019