Dr. Jim Willie, the U.S. Dollar, and the Global Reserve Status - PART I
Economy | Information | History | Online | Facts | World | Global | Money
LINK TO THIS STORY: https://thelastgreatstand.com/2016/12/23/u-s-dollars-status-global-reserve-continues-lose-credibility-video/ LINK TO PART 2 OF THE INTERVIEW: https://thelastgreatstand.com/2016/12/24/dr-jim-willie-global-economic-collapse-doesnt-care-about-party-affiliation-video/ Sign Up for Dr. Willie’s Hat Trick Letter: — http://www.goldenjackass.com/subscribe.html Dr. Willie’s Website: — http://www.goldenjackass.com/main5.html TO LEARN MORE ABOUT HOW TRADE GENIUS CAN HELP YOUR FAMILY: — WEBSITE: http://www.tradegenius.co — FOR THE TRADE GENIUS’ FREE BOOK: Stocks that Will Survive the Coming Collapse — — https://tradegenius.co/product/stocks-that-will-survive/ GET YOUR GREEN TEA AT http://getthetea.com — Get Prepared, Stock Up On Food Now! - http://foodforliberty.com/lastgreatstand — Keep Your Body Health With This Amazing Tea! - http://www.getthetea.com — Super Strength Tea: https://getthetea.com/shop/super-strength/ —— Listen to my Last Interview With Ronnie (Get the Tea’s Creator) - https://youtu.be/3W0EwYtwDsc GET YOUR TACTICAL GEAR!!! 1. GET THE LIGHT: http://a.3fo.xyz/?a=480424&c=97470&s1=rightwingconspirator 2. GET THE PEN: http://brtrk.com/?a=480424&c=96672&s1=rightwingconspirator 3. GET THE HEADLAMP: http://brtrk.com/?a=480424&c=96671&s1=rightwingconspirator SIGN UP FOR MY FREE GUIDES: — WEEKLY NEWSLETTER: http://bit.ly/28QCd1e — SURVIVAL/EMERGENCY GUIDE: https://thelastgreatstand.com/freemartiallawguide/ — EMERGENCY FAMILY GUIDE: http://bit.ly/28QCd1e ------------------------------------------------------------------------------------ PLEASE DON’T FORGET: ------------------------------------------------------------------------------------ — If you have a story, feel free to email me at contact@thelastgreatstand.com — Be sure to leave your thoughts & comments in the comment section below — Be sure to SUBSCRIBE for updates ——— CLICK THE GEAR (NEXT TO SUBSCRIBE) TO BE NOTIFIED OF NEW VIDEOS — If you like what I’m doing, be sure to give me a THUMBS UPPlease be sure to SHARE the videos with friends on social media SUBSCRIBE TO MY NEWSLETTER: — Be sure to visit my website and sign up for the newsletter at: https://www.thelastgreatstand.com ------------------------------------------------------------------------------------ SUPPORT MY CHANNEL WITH THE LINKS BELOW! ------------------------------------------------------------------------------------ — MAKE A DONATION: http://thelastgreatstand.com/donate-us/ — SEND ME A TIP OR COMMENT: contact@thelastgreatstand.com — LAST GREAT STAND GIFT SHOP: http://www.zazzle.com/thelastgreatstand/products — MY SUN FROG T-SHIRT STORE - https://www.sunfrog.com/thelastgreatstand ------------------------------------------------------------------------------------ FOLLOW ME ON SOCIAL MEDIA!!!!! ------------------------------------------------------------------------------------ WEBSITE: http://thelastgreatstand.com YOUTUBE: https://www.youtube.com/c/RightWingConspirator FACEBOOK: https://www.facebook.com/LastGreatStand/ TWITTER: https://twitter.com/LastGreatStand PINTEREST: https://www.pinterest.com/lastgreatstand/ INSTAGRAM: https://www.instagram.com/thelastgreatstand/
Comments
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Actually, you can teach a dog Spanish. He will understand some words, but he won't be able to speak it.
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Jeff Berwick's opinion and what you can buy with bitcoin: https://youtu.be/L1ZFJ5LM1qY?list=WL&t=922
Bix Weir on gold/silver: https://www.youtube.com/watch?v=nnJYkuEeLD8&feature=youtu.be&list=WL&t=65
Why not spend some money on bitcoin instead of metals? Just as a diversification from the regulated markets? -
dollar is dead get out while you still can. and don't mind comex. that supposed "COMmodity EXchange" does not deliver physical metal. hasn't for years.
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(34:06 mark) Um, I taught my dog (mostly collie mutt) commands in English AND Spanish...Bilingual dog...how is that possible JW???
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You don't like to sound like an arrogant ass.Then SHUT THE FUCK UP!!! For the love of GOD.You are the most arrogant ass I have ever heard open his cockholster.
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The unfairness has been around for a long time. If you auction off real estate you will get a much smaller price than the market price of a mortgaged piece of property. What? why not just pay cash? Because they just made it Illegal that's why. You cannot pay cash anymore.
So if there is a paper gold market that can manipulate the price of gold would it surprise you
any to discover that there is a paper real estate market and a paper mortgage obligations market for the real estate market? This market can manipulate the price of paper real estate. Because until the mortgage is paid that is PAPER real estate. Property and it's boundaries are the very definition of what a country is. To much paper can indeed make your country disappear. Life would become very different even if the boundaries and the
names did not change. In the 60's 1 oz of gold was 40.00 and illegal to own. See? very different. You could walk down the street and easily find 4 empty glass soda bottles,
turn them in for the deposit money and get a coke for 10 cents on a hot summer day. See? Very different. A top of the line luxury auto was just under $5000. -
You can indeed teach a dog Spanish. It is estimated that a dog can learn approximately 50 words the language not withstanding. But he us dead on with the rest of it.
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Willie has no experience trading any financial market but here he is forecasting on markets he doesn't trade in. He has gotten so many incorrect the list is extremely long. He once said that the Saudis were demanding the US military pay for oil with silver. Simply not true. He said that ports were refusing Treasuries. Again not true as treasuries are not used to settle trade but in the US it is dollars. Before an exporter even transports products to ports the importer via their banks sends a letter of credit to the exporter stating terms of payment. Ports have no authority as they do not own the products being shipped. He once said that China was going to lease gold to the US so the US could go on the gold standard. Again not true as this standard requires a gold window where the currency backed can be exchanged for physical gold. You can not exchange leased gold because you don't own it. You are just renting it. Any way the total amount of M3 in the US is over $51 trillion and all of this would have to be backed and at today's prices the total amount of gold ever mined in less than $9 trillion and subtract out the non monetary amount and this falls significantly. There is simply nor enough gold to back the money supply in the US. He has been ranting that China and then other countries would be using a gold backed trade note to settle trade. Again not true as this would increase settlement cost and most of the planet has been doing the opposite and weakening their currencies to stimulate trade and using the IMF's SDR to lower trade settlement costs. He has stated many times that the equipment maker bobcat who is owned by a Korean firm was refusing to accept treasuries at US ports. Again treasuries are not used to settle trade and ports have no authority to do this. Bobcat doesn't even import to the US as their plant is located in North Dakota and this services North, South and Central America. They export not import.
No one is pushing an agenda to get people into equities. They do not need to as these markets have been moving up because of international capital flows especially from Europe and Japan. With the euro and the EU collapsing and capital being pulled from banks this has created liquidity problems for banks there. If you control large amount of capital are you really going to park it in these banks? Then you have entities in Europe, India, Turkey and Venezuela exchanging their local currencies to dollars causing not only additional dollar strength but also a dollar shortage in international markets. This capital needs markets that have huge pools of liquidity and that is the dollar and US equity markets. Of course that is why all those who have been predicting a dollar and Dow collapse the last three years have been wrong. There will be no collapse. These people simply don't understand what causes price movement in markets and that is capital flows. The FED has been attempting to create dollar weakness but there are global forces working against this. The US is a huge exporter of commodities and a strong dollar makes these too expensive in foreign markets with demand falling then price which is what we have been seeing. The FED has asked central banks to flood the system with dollars and since China is a huge importer of these commodities it has sold treasuries for dollars and then dollars. The FED also wants to help US banks who have lent over $9 trillion in dollar denominated loans to foreign entities and a strong dollar makes these very difficult to service.
It has not worked as for months now currency traders in London have been monkey hammering the EUR/USD and GBP/USD crosses and driving up the USD/JPY cross all causing additional dollar strength. When London closes New York creates short term dollar weakness but London is back at again the next morning. As this involves 4 of the 5 world's reserve currencies the volume daily has been in the trillions with London having over twice the volume as New York. This is what also is driving the dollar and Dow up and commodities down including gold and silver. You simply cannot have a significant rise in gold with dollar strength.
As far as the Dow if it closes above the 19970 reversal level at Decembers close price will move to 20,000 and then to 23,000. If it closes below look for a normal correction before moving higher but not a collapse.
The BRICS Development Bank now called the New Development Bank has just opened and announced $811 million in loans for renewable energy projects all part of the New Silk Road expansion. The Board also announced it will issue 5 year bonds denominated in the yuan. This as you see has nothing to do with gold. The Asian Infrastructure and Investment Bank announced months ago that they are issuing bonds that are backed by the IMF's SDRs not gold and this will be done in China.
As far as the ECB and them wanting to purchase corporate bonds, they have been doing this since the first of this year and will continue until September 2017.
Mortgage banked securities has nothing to do with treasuries and virtually all auctions are sold out with foreign entities holding most of these.
Willie also doesn't understand how the Comex works by his statement that gold is never delivered. In the futures market you do not need to be in possession of the underlying asset when you are shorting. You just must have enough capital in your account to cover any future potential losses. This nonsense is promoted by those who market metals on the retail level and they all claim this is "naked shorting". This term when used in the futures market simply means you are placing a trade without a corresponding hedge. Miners use the Comex to hedge their production along with those entities who are large holders of metals and speculators take the opposite end of the trade. When prices rise the physical is sold and the hedges expire worthless. When prices fall the hedges are exercised for cash then the physical is still sold. They make money either way. All entities who produce a physical commodity whether a wheat farmer, crude producer, or sugar cane growing use it to hedge. This is simply the function of the futures markets.
Gold is going under $1000oz next year all do to capital flows that keep strengthening the dollar. His statement that gold is over $2100 for large purchases is simply nonsense. Price is higher in China and India because they have a VAT tax and this is reflected in the price. Subtract this out and in dollar terms the price is the same. All gold must flow thru the SGE that enters China and you can readily buy any amount and the price paid is the posted or stated price by the exchange. It is not $2100oz. It is the same as New York without the VAT.
70% of silver demand is by manufacturers and jewelry sales. When price gets to a certain point demand falls then price. With retail sales collapsing so is demand for silver.
The dollar is not going away anytime soon as the world has too much invested in dollar based assets with 75% of all international financial transactions done in dollars and that is not including international trade settlement.
His take that the deficit is over $2 trillion is simply nonsense. It is projected to be for 2016 $590 billion. -
What language do dogs take their commands in, in Spain?
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just glad this interview wasnt tainted by any evil christian propaganda/brainwashing
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There are no Markets. There's nobody on the Stock Exchange Floor during the day.
It's all smoke-n-mirrors. All pretend.
Jim Sinclair did a good job of explaining this on Greg Hunter's show.
https://www.youtube.com/watch?v=T7VD2z7jDNg&t=2s -
Dear Jim Willie,
Do the Jewish banksters control the central banks of Russia and China today?
Cheers, Prof. Dr. Hugo de Garis
profhugodegaris@yahoo.com -
You sound younger because you are probably NOT on pharma drugs ?
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Globalists don't care about 'money'. They print the phony stuff.
What they want is labor. Sheeple to do stuff for them. Build mansions, yachts, blow up other countries, and build cages to put other sheeple into that don't do what they say.
Does Milton Bradley hoard Monopoly money? Of course not. He needs to convince sheep that the paper he prints is worth something! That's quite a hat-trick.
:) -
Maple leaf buyback price at 1105 Thursday at my dealer. the best price at the dealer IS the price for me...
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Some inside information about the golden jackass: there´s at least three, made from solid gold, and a dozen more made from solid silver tucked away outside of the banking system.
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Message to Jim Willie: I don't give a backward flying rat turd what the price of gold is for a buyer of gold tonnes. What I pay for 20, 100, or 500 troy oz to an internet dealer is "my price of gold" and the price for most people.
What's more, I don't believe Jim Willie and his bullshit price for gold in bulk. The Shanghai Exchange premium is about $45 not many hundreds of dollars. Before any bulk buyer would pay a $850 per oz premium (as per Willie's example) he'd empty the inventories of all the internet dealers and any exchange willing to hand over physical. Willie's claim doesn't pass the smell test. -
No one can build a picture of the geo political scene and how its entwined with global economy as Dr Jim Willie. I seek out his interviews every month. Congratulations on the interview.
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I would like everyone on Jan 2 2017 go to their coin dealer and purchase 2 oz gold and 50 1oz silver and see what happens to the market by the end of January?
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the price of physical gold is $1,162.27, currently. and this price is set by the Shanghai Gold Exchange. It is about $30 more than the Comex paper price.
The interviewer should have mentioned this instead of allowing himself to be berated into conceding Jim's point.
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