BRICS 80 Preparing To Take Down The Dollar
This should be read with yesterday’s post VIDEO Ukraine Claim – Detained “Terrorists” With 100,000 Pre-Marked Ballots & The IMF Goes To War In Ukraine and today’s post Danish Police Confirm Marriott Hotel Site of Bilderberg 2014
Ukrainian Crisis is about Taxes
Dr Jim Willie has been talking about the BRICS nations (Brazil, Russia, China, India and South Africa) being joined by other nations to take down the dollar. He says there are now 80 nations in the BRICS alliance who have joined together to end the dollar’s reign as the international reserve currency. China could have taken down the US economy any time it wanted to after it had accumulated more than a trillion dollars in US Treasury bonds. All it had to do was to sell them and buy real assets until the US government collapsed and surrendered.
The Chinese are playing a much more sophisticated game. Their goal is to take down the dollar and the British pound but not to hurt their customers in Africa, Latin America, Australia and elsewhere.
He thinks a Northern euro will emerge leaving southern Europe and France far behind. Italy’s future was hurt when they mistakenly decided to send half of their gold to New York. That gold is in Asia along with the bullion from the Netherlands and Germany. Dr Willie agrees with Jim Rickards who says the dollar will be devalued 80%. This will make imported goods 500% more expensive. And it will also enable foreigners to buy food off the shelves of America and Great Britain. Please note that the British pound is being targeted by the BRICS 80 as well.
Dr Willie also believes that J P Morgan and other financial firms in the US and the UK are helping China to manipulate gold and silver.
The Chinese want to buy gold for a low price and spend it at a much higher price when everything goes to hell and Americans have to sell off their few remaining assets to feed themselves. He says the London and New York banks have been sending a thousand tons of gold to China every month since April of 2012. The dollar will collapse and the price of gold will skyrocket when there is no gold left in London and New York to send to China.
The Federal Reserve balance sheet has grown from $800 billion in 2009 to $3.9 trillion today. That is almost a 500% increase in less than 5 years. You would think that would be inflationary. But the federal government lies about employment, economic outlook and inflation. John Williams at Shadow Stats says the inflation rate is really almost 9%. Since GDP is flat, the real economy after factoring in the inflation rate is contracting at 9%.
Dr Willie emphasized the collapse in the velocity of money in the US. Your GDP equals the Money Supply times the number of times money changes hands (Velocity) in the course of a year. The Velocity of Money fell from 1.6 in 2009 to .7 today. That is a decline of 56.25% in less than 5 years. People outside the United States often use media sources not controlled by the Big Six US Media. These numbers indicate the bottom will fall out of the market sooner rather than later.
He has zero confidence in Greenspan, Bernanke and Yellen. If Quantitative Easing (QE) actually worked, why did we replace QE1 with QE2? The figures the Federal Reserve released saying QE was cut $10 billion a month were contradicted by Belgium buying $30 billion in US Treasury bonds a month. So instead of cutting back ten they added 20.
Look at the employment figures. America supposedly has an unemployment rate of 6.3%. More than 800,000 people dropped out of the labor force because there was no work. The Labor Department added 234,000 jobs out of thin air based upon what is called the Birth Death model. What it means is that normally small businesses are creating jobs and hiring people. We have to assume these jobs are out there and these small companies will eventually report their new hires. Gibberish. This government is doing everything it can to run small businesses and farmers into the ground so monopolists can take over manufacturing, retail and agriculture. So what if there are no jobs and the price of beef, pork, chickens and eggs are going way up. The important thing is that campaign donors can squeeze the life out of you with every utility bill or with every trip you make to the grocery store.
If someone tells you the US economy is in recovery, please tell them that 90% of all new car loans are subprime. This and the drastically declining Velocity would indicate to me that the American economy is on the verge of collapse. Foreign manufacturers will have to aim their product marketing to the BRICS 80 nations after the dollar and the pound collapse.
Dr Willie thinks the Ukraine will collapse by September. They have no money. They cut pensions in half. The IMF loaned them money provided they went to war against the secessionists in the eastern Ukraine. The US stole Ukraine’s gold. The Ukraine has decided to take a billion dollars of their IMF loan to buy gold to replace what the Federal Reserve stole from them. He also thinks that all the sanctions placed first on Iran and now on Russia have been extremely counterproductive. Putin who is of Jewish descent had heretofore been reluctant to aid Iran, but has recently been forced to agree to buy 500,000 barrels of Iranian oil a day. The Turkish banks played a pivotal role in breaking the Iranian sanctions by setting up gold for oil schemes. This is evolving into a drive for a regional currency in the Persian Gulf which will be gold and possibly oil backed.
Jim Willie made reference to the USS Donald Cook, a destroyer. It was in the Black Sea when a Mig-24 flew overhead and shut down the American ship’s defenses. That is not a good sign if there is a real shooting war in the near future.
Panama has lots of gold. They are talking to several Central and South American countries about setting up a regional currency that is gold, copper and oil based.
Dr Willie discussed China’s Shanghai Free Trade Zone. It accepts certain firms as Trusted Traders. What this means is that there will not be a lot of customs and tax officials going through your shipments. If you are on the approved list, your goods will flow through freely without interference. There will be a vigorous trade in gold and silver bullion. And they will have truly anonymous banking. The Chinese like this so much that they have decided to build two more Free Trade Zones.
The US dollar is gradually being replaced as the currency of choice for drug dealers and gun runners. The Big Banks launder a trillion dollars a year in illegal drugs and weapons. They also launder $500 billion a year in political bribes. If you were a drug dealer, wouldn’t you prefer to do business in Shanghai rather than in Switzerland which has caved in to the US Treasury Department? This is highly significant. In 2008 the Big New York Banks called all the Drug Cartels in the world promising them God only knows what if they would just send money to their Manhattan branches to keep the dollar from collapsing. They saved America from a run on the banks. The Drug Cartels might prefer to keep their money in those new Chinese kilogram gold bars in Shanghai during the next economic crisis and let the dollar sink.
Even Arab billionaires are joining the Chinese. They are sending their 99.95% pure 400 and 100 ounce gold bars to Switzerland to be smelted down into higher grade 99.999% pure gold kilogram bars.
These bars will be the new standard in international trade settlement. China started smelting the gold they receive from the West down into kilogram bar size. The Chinese even started a Gulf States initiative with the Saudis. And they promised a $100 billion in investments for Africa at their Beijing Conference in 2010. Obama has countered the Chinese offer with ‘An All the Drones You Want’ policy that for some reason is not popular in Africa and the Mideast.
If the US and UK illegal drug markets crater after the dollar and the pound are devalued, it might be a good time to legalize heroin, cocaine and marijuana.
Dr Willie stressed the point that to set up a gold or oil based currency, you will need to have very close and very strong relations with commodity markets. The Chinese and the BRICS 80 nations are laying the ground work now and are being accelerated by American sanctions. China in 2013 bought Goldman Sachs’ aluminum and industrial metals warehouses. A Russian conglomerate bought the Morgan Stanley Energy Desk.
I previously wrote that I believe the devaluation of the dollar will be on the agenda for the Bilderberg Conference scheduled for the end of May in Copenhagen with June 1st as their getaway day. The agenda is set by the Rothschilds and their closest associates in the 30 Ruling Families. Their agenda is implemented through the Bilderberg Steering Committee. The other Bilderberg participants are invited to discuss matters until an agenda item from the Steering Committee is agreed upon. Then everyone goes home and carries out the will of the 30 Ruling Families. If people around the world see authoritative articles in the press calling for devaluation of the dollar and the pound, then investors might be spooked or even stampeded into dumping dollars prematurely. Usually Hedge Fund managers are smart enough to figure out that they cannot take on the Federal Reserve.
The US government has 2 million private contractors in the intelligence and security area. And they have 25,000 active duty Special OPs troops to make sure the will of Wall Street is the Law of the Land. The Federal Reserve is very powerful, but no organization is stronger than the markets.
There is a steady progression to these events but when people see the avalanche coming, the momentum towards abandoning the dollar and the pound will grow exponentially. I see devaluation leading to Hyperinflation sooner rather than later. At a minimum the euro will split into northern and southern units assuming the European Union survives. This devaluation of the dollar will end the US military as the dominant force in the world.Some of the above views are my own. The video allows Dr Willie to speak for himself. Source reclaimourrepublic.wordpress.com