A short important interview with Dr Jim Willie
Mar 10, 2014
This interview with Dr. Willie gives a realistic background of the war going on over Ukraine.
He mentions the US boycott of the G8 economic summit, with the insight that this is really the point where the US is becoming irrelevant in the world economy. In other words, the G8 is now becoming the G7, or the seven most important trade nations in the world.
The boycott only means that the US has lost its influence and has decided to isolate itself from world trade. Instead of causing panic among the other nations, it is actually bringing about sighs of relief, as the world now looks to China and Russia for economic leadership.
Dr. Willie goes on to say, “There are so many sides closing in on the United States that it is almost becoming a tragic comedy. . . . These guys are running out of options. When I heard that Secretary of State Kerry made a threat to exclude Russia from the G-8, I said, ‘yeah right.’ That’s going to backfire, and the U.S. will be isolated. . . . I made this forecast about three years ago. I said watch the G-8 become irrelevant and the G-20 take over and China run it as opposed to the U.S. and Britain. That has now happened in the last year or 18 months. We just had a G-20 meeting in Australia, and China just railed on the United States. They said you are living off fumes. You are living off the printing press with no justifiable income. Your economy is a fake. This is getting hostile, and it was in a G-20 meeting.” ….
On gold, Dr. Willie contends, “I don’t think it would be a shock to see the Russians come out and say we’ve got over 20,000 tons of gold, and we are going to back our ruble with gold. Screw the dollar. I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own close to 40,000 tons of gold. They are going to have a real currency and do a real global reset and have a real return to the gold standard and screw the dollar with all its toxic sovereign bonds. One of the principle foundations of the dollar is not gold, it’s the military. We’re seeing it now.” Dr. Willie predicts “an 80% decline in the value of the U.S. dollar in three years.”
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