Jim Willie Gritty Questions on the Historic Collapse

[Hatha Sunahara]

There are some interesting things here:

http://www.silverdoctors.com/jim-willie-gritty-questions-on-the-historic-collapse/

For example, I had no idea that the Germans were pissed about the Tungsten gold bars they took delivery of. That story just disappeared, and here Jim Willie is bringing it up. Also, he has some ideas about how the Comex will end. Also about how the dollar will end. This is fairly long, there are lots of questions, and very interesting answers. Well worth the 20-30 minutes it will take to absorb.

Here's an excerpt on how the US will fall into the third world:


The global isolation and rejection of the USDollar will force the USEconomic participants to bid up the currency required for the many supply routes leading into the nation’s factories, offices, stores, and homes. The USDollar will be forced to bid up Chinese Yuan and Gold ultimately. They will be forced to bid for whatever currency is required for the assorted supplies like crude oil, metals, and foodstuffs, as well as for finished products like cars, hardware, home electronics, and clothing. The process will see some shocking events like 30% devaluations, just like seen in Venezuela. My estimate is that the USDollar will eventually see a 50% to 60% devaluation in total over the next few years. That will cut US personal wealth in half. That will open the door to 25% to 30% price inflation suddenly. The process will cause grand shortages, civil disorder, and perhaps chaos. Violence will erupt at the gasoline stations and food supermarkets. The USEconomy will lose its credit line, and become a credit risk. For decades, the USEconomy has been running up deficits, with no enforcement or discipline or controls, in essence shoving the debt paper on foreign nations in lieu of legitimate savings. They resent it. Foreigners will demand hard currency at a time when the USDollar loses its global reserve status and premier position. A sense of retribution will emerge. As the gold trade finance chapter opens, the USDollar severe devaluation will coincide.






Hatha

[Carl]

Given his firm belief in the collapse of the "dollar", which happens to be propping up just about every other currency on the planet, I honestly cannot fathom how he expects ethereal credit to survive to plague us with price inflation.

[osoab]

Given his firm belief in the collapse of the "dollar", which happens to be propping up just about every other currency on the planet, I honestly cannot fathom how he expects ethereal credit to survive to plague us with price inflation.

It's because he is a jackass. Pun intended.

[ximmy]

makes me wonder if our very own gold american eagles have tungston?

[Large Sarge]

Given his firm belief in the collapse of the "dollar", which happens to be propping up just about every other currency on the planet, I honestly cannot fathom how he expects ethereal credit to survive to plague us with price inflation.

what about the draining of bank accounts, and rapid increase in velocity and M1 ?

velocity can cause inflation by itself

[Carl]

what about the draining of bank accounts, and rapid increase in velocity and M1 ?

velocity can cause inflation by itselfThe process of draining bank accounts renders the bank insolvant, which could lead to bank collapse, "POOF!" all credit gone. A rapid increase in M1 is highly unlikely as it would require a rapid increase in debt across all segments of the economy as well, same holds true for velocity.

We'll have price inflation in essentials for as long as they retain the ability to prop up the banks and the Wall Street speculators that keep the digits flowing, but that ability is fast drawing to a close.