The Phaserl


Economy Will Implode-Jim Willie

by Greg Hunter, USAWatchdog:

Dr. Jim Willie of says powerful forces around the globe are working to do away with trading in U.S. dollars because of massive money printing by the Fed.

Dr. Willie says, “The world makes a reaction, and what they have done is create, slowly but surely, a U.S. dollar alternative for trade.” Dr. Willie’s sources say precious metals will be used to back a new currency and predicts, “The gold price will be $7,500 to $8,000, and silver will be between $150 and $250 per ounce.” This will be a disaster for U.S. Treasuries, and Jim Willie says, “All these Treasury Bonds will be sent back to the United States where they can choke U.S. bankers . . . they cannot refuse them.” Dr. Willie predicts “the economy will implode,” and he says, “I don’t believe we’re going to see garden variety powerful inflation. I believe, instead, we’re going to get large widespread cut-off of supply chains” as foreigners simply stop accepting the dollar. As far as dollar assets inside the U.S., expect widespread confiscation. Dr. Willie contends, “When the losses from the debt write-downs come, I see tremendous national wealth lost because private accounts are really just bank assets.” Join Greg Hunter as he goes One-on-One with Jim Willie, Editor of the Hat Trick Letter.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

1 comment to Economy Will Implode-Jim Willie

  • FiveThousand

    Jim is truly really good, but he should refrain from commenting on the energy industry – he is embarrassing himself there without knowing it. His choice of terminology is the first giveaway, but the argument is twisted on faulty understanding.

    But, it does not take away from his main thesis, of which I agree.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>