Jim Willie: Strengthening US Dollar Killing Global Economy
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Jason Burack of Wall St for Main St had on as a returning guest editor of The Hat Trick Letter at Goldenjackass http://www.goldenjackass.com/main5.html Jim Willie. During this hour+ interview, Jason asks Jim about OPEC, the Saudis and if the oil price is intentionally being moved lower by the US government and Wall St to hurt the Russians. Jim doesn't think the US is moving the oil prices lower because lower oil prices mean most US shale oil producers will go bankrupt. Jason and Jim discuss why the Dutch got their gold back and why the Germans did not. They discuss what the Saudis are doing, why Japan is printing so much money and why every developing world country seems to be announcing bilateral trade agreements and currency swap lines with each other. Jim thinks the low oil price combined with a relatively strong US Dollar is killing the global economy faster and will accelerate a change to the next global financial system. He goes in depth about why during this interview. Please visit the Wall St for Main St website here http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Mo Dawoud on Twitter @m0dawoud Follow John Manfreda on Twitter @JohnManfreda Follow Wall St for Main St on Twitter @WallStforMainSt Also, please take 5 minutes to leave us a good iTunes review here! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat, Bitcoin, gold or silver, Wall St for Main St accepts donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it!
Comments
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am a 75 year old mother of four and grand ma of 8 and widow after 50 years of marriage.
I live in Florida . I would like to ask the Defence Department and Susan Rice some questions about our country and our president.
How long are you all going to let an incompetent man run the defence of our great nation,. IT is not so great anymore due to this president. It seems to the people that our defence Department has grown " deaf, Dumb, and Blind " We hear no direction from you! OBAMA, IS Watching the world just like everything went down when HITLER ruled Germany. All kinds of human beings are being slaughtered and we think we are 'OK" .WELL if ISIL IS NOT TAKEN OUT , Israel and the United States will be killed by radical islam. Radical islam aims to take over the whole world. OUR president is a muslim. IF you do your job ?? You will find out he is with isil and islam . WHERE is the CIA , THE FBI, Someone is letting America DOWN and the world for that matter. Why doesn't Obama help JORDAN.?? We need to bomb every where we know isil is , with bigger bombs (if there are). and more of them. NONE STOP! for a while. Then Send in special Forces. This has got to be Stupid ,, That we can't develop a plan to destroy 50,000 muslims. They have murdered thousands brutally ! -
Thank you for this interview with Jim Willie - he's the best! Would you answer this question for me please: If Syria is under attac by the USSA because of the potential future gas pipe from Iran, running throug Syria and heading to Europe, isn't this in the interest of Russia as they are the biggest oil and gas supplier to Europe? Is that the reason that Russia does not intervine in Syria against the so called 'ISIS'?
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In regards to Japan, how can you leave out the meltdowns at Fukushima and the closing down of the entire nuclear industry in Japan when one third of their electricity came from nuclear. Then the fishing industry experienced a collapse in prices and then there are stillbirths and miscarriages that have to be suprressed by the state. Willie should also tell the world about the new State Secrets Act. Search this: Taro Yamamoto, a Japanese legislator, says the law “represents a coup d’etat” leading to “the recreation of a fascist state.” -- He might search Fukushima Extinction and see what he gets. Japan is daying and quickly, so is the Pacific. See "Fukushima is a E.L.E. (Extinction Level Event)
11/28/14 at https://www.youtube.com/watch?v=lR7Y46tS5Ro -
Very annoying opening! Do you really think we came here to hear rap music? Who helped you come up with this brilliant idea?
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There was once, some smart person, created the Petrol Dollar, why not create the Petrol Ruble Dollar. We can have another printing Press for
Ruble. Just create a protection force for all the Middle East Countries. -
If there is an oil glut, and the price is falling, why do we need another pipeline from Canada?
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Are you guys paid by the Russians? The US media widely reported on the Crimea referendum, and it makes me strongly question the validity of this podcast when you try to make a political point by stating otherwise. Maybe you should read the excellent reporting by the Washington Post about the presence of both a low turnout and intimidation by the Russians (http://www.washingtonpost.com/news/volokh-conspiracy/wp/2014/05/06/russian-government-agency-reveals-fraudulent-nature-of-the-crimean-referendum-results/). Stop failing to question everything that Putin tells you with a critical eye; otherwise, it's impossible to take this podcast seriously.
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Please explain why I hear on this podcast that the Russians are the world's leading oil producer when major media outlets like Bloomberg claim that the US now holds that spot. Why should I believe a little podcast with just over 3,000 subscribers over larger news outlets? Can you guys please provide references for your stats instead of just expecting me to take your word?
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Gold is not really gone; it just moves from one regime to regime over history. The rest is jewelry or lost.
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Jim Willie is really the best person to listen to if you want a good understanding of what's really happenning in the macroeconomy and in the world. Sometimes, his predictions are hard to believe until they come true !
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at 55:00 "all motorbikes are chinese" wrong most are japanese
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I am amazed that modern fascist (merger of corporate monopoly with government) in Washington spend $22 BILLION a year to propagandize and brainwash Americans into thinking that we are a capitalist nation that flourishes in democracy (government of, for and by the People) and are spreading democracy throughout the world with never ending war to liberate the People from Evil. Ha. Ha. Ha.
The reason the fascist spend 22 billion a year to propagandize and brainwash Americans is because the American Free Enterprise System (free from corporate monopoly) of Capitalism, our American Democracy and American Rule of Law have been overthrown and replaced with the fascist multinational corporate monopoly-- Washington Fascist Global Empire.
You can still see today the last remains of the doomed American Main Street Capitalism (free enterprise system) and the destruction of the middle class wealth by the Washington Fascist Global Empire.
The terms “Free Market” and “Free Trade” are not capitalism and democracy as you may have been brainwashed to think, but rather, corporate monopoly fascist that are FREE (no restraints) to steal whatever they want, from whomever they want and do it legally with corrupt fascist secret trade agreements. The Fascist American Dollar is backed by military force, nothing else, we have over 1,000 military posts in the world; Fascist Empire is never ending WAR.
Everytime intelligent people use the word Capitalism to describe, Free Trade, Free Markets and Fascist Corporate Monopoly Global Empire, instead of the Free Enterprise System of Capitalism and Fair Trade, they are unjust to themselves and their readers; refuse to be brainwashed. -
Why would "Toyota sales go down when the price goes down"?
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Has anyone ever heard of an honest day worked for an honest days pay.Well with millions,of dollars earned by the minute I can say that this is not a honest system, and that my friends is where your problem begins.
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The US needs a HIGH oil price.
The oil price decline is NOT deflation, it's a price war, with Saudi and Russia trying to smash US fracking....which is actually what is happening!
Well, whether they are or whether they aren't - that's what is going to happen. -
Excellent
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I am waiting on Mr. Willie to talk about the battle that took place on the moon some time back, he claims some aliens had their moon base destroyed but we have heard nothing on the subject for some time.
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Jim Willie obviously hasn't been too UAE. The expat population is huge and so is the poverty.
Go to some apartment buildings and check out the stairwells to see where some homeless live. Every one uses the elevator, I had trouble finding the stairwell. The Indians who work as security for the buildings live on the roof in tents. Thankfully lots of prices for food are good, in fact cheap for the great quality of fresh fruits and other foods. -
calling german chancelor Merkel a mad cow is very appropriate by the way.
she´s a washingtons whore. -
Jim,
what do you think about the thesis that the Saudis are intentionally lowering price, to regain the market share that has gone to tight oil producers in the US, and to bankrupt the producers. Last prices I saw for WTI had a $65 handle. Shale oil was a marginally profitable scam, because of the high depletion rate of the wells, but at $65/bbl no more wells will be drilled. The Saudis may think it's wise to strangle tight oil in it's cradle, before technology advance improves it's energy ROI.
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