Jim Willie - 1 -The Storm / The Zombies
Jim Willie - 1 -The Storm / The Zombies
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Jim Willie - 4 -The Storm / The Zombies
Jim Willie - 4 -The Storm / The Zombies
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Jim Willie - 3 -The Storm / The Zombies
Jim Willie - 3 -The Storm / The Zombies
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Jim Willie - 5 -The Storm / The Zombies
Jim Willie - 5 -The Storm / The Zombies
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Jim Willie - Are you ready for big economic shocks?
Jim Willie - Are you ready for big economic shocks?
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Jim Willie -2- Are you ready for big economic shocks?
Jim Willie -2- Are you ready for big economic shocks?
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Jim Willie -4- Are you ready for big economic shocks?
Jim Willie -4- Are you ready for big economic shocks?
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Jim Willie -3- Are you ready for big economic shocks?
Jim Willie -3- Are you ready for big economic shocks?
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Illegal Immigrant Story, The Future Is Dark
I wanted to share some insights that I've had into illegal immigration now this is not a topic that I get into a lot but uh I've got a personal story to share that might give you another angle on what's actually happening here so a couple days ago one of my employees came to me and said that one of their family members was just about ready to cross the Darion Gap now for those of you who don't know what this is this is that piece of land right between Colombia and Panama I believe it's part of Panama and there's no roads there's no highways there's nothing it's it's considered one of the most dangerous jungles on the planet Earth and in order to get through you have to have like a tour guide and it's it's quite extensive but uh as a lot of you know I've got employees that work for me here in Columbia that fled Venezuela the fight the hyperinflation and uh this employee of mine who had this family member that was crossing the Darien Gap there Venezuelan so we got to talking about this and I said what on Earth would motivate anyone to do this and they're like well this it's a young gal she's probably I don't know 20 years old something like that so she saved up like a thousand dollars and this is what it's costing her to to go so she's literally got to take a bus up North Columbia and then once she gets there she's hired like some sort of boat driver to take I guess she's part of a large group that's going to the closest point so they'll have to go through the Jungle the least amount and this is costing her let's say 75 or something like that and then she pays the tour guide to go through the jungle and then they they're objective of course is to get to the U.S border and across illegally into the United States and I I'm I was just taken back and I'm like why on Earth would anyone do this and you would say well George isn't it obvious they want a better life in the United States they want to make a lot more money now look these people they have zero skill they don't speak English now they're hard working granted but they don't have a skill set to even do a very basic job other than maybe housekeeping uh in the United States and you have to look at all the homeless people that we have now in the United States at least they speak English and if they're out on the streets I know a lot of it has to do with mental health issues and drug addiction but if they're out on the street what makes you believe that you're going to be able to go out there and just strike it rich and send all this money back to Mexico Venezuela Colombia wherever and by the way for those of you who haven't been to Columbia you might look at it as some sort of third world country where there's no opportunity for people to climb up the ladder and improve their lot in life that is not true that is the furthest thing from the truth in fact I would argue for people with very low skill sets that are trying to improve those skills but at the same time kind of work their way up the ladder and make more and more money you've got way more opportunity here in Colombia in Medellin or specifically than you would in the United States especially if you don't speak English so the bottom line here is all of these immigrant not not all but this uh person would fall into this category where they just go online and they see the average wage in the United States and their eyes get big and they say holy cow they look at the average wage and say oh my gosh 28 dollars an hour whoa and they calculate how many pesos that would be and they're just their their mind is blown like oh my gosh if I could at least if I could somehow just illegally cross that border I I'd be rich oh my gosh I could send all this money back and my goodness I'd make twenty thousand dollars a year and that's an astronomical number for them I mean to them that's like striking it rich unfortunately these people aren't sophisticated enough to do the math on the expense side of the equation what they don't realize is that when you account for everything being exponentially more expensive they actually have less purchasing power getting into the United States illegally than they would have here but they it's much easier for them to get a job here so they're going to all of this trouble and paying all you know taking their life savings and taking all this risk a lot of people die on this trip for heaven's sakes and then getting across the border illegally and doing all these things so most of the people it sounds like they fall into one of two categories either either like they I said they think that they're going to just get immediately Rich because they look at the average wage and they don't understand that the cost of living is 10 times hi
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Martin Armstrong's new and very strange economic commentary
so one of the first things I've been seeing a lot on your side in terms of the blog is I called like a louder echo as far as the central bank digital currencies go and I was reading one of your articles that goes on the private blog talking about how you know they're just gonna implement this this and it's gonna be like banking as usual only we're gonna wake up and they're gonna know everything about us they're gonna do direct taxation from your perspective how likely is a central bank digital currency system going to happen in the happen and how quickly could you see this thing implemented in all 50 states
Martin Armstrong responded as follows:
I don't think there's any question it's going through they have no choice and this is what people don't understand the main reason for this is because they cannot continue to borrow year after year with no intention of paying anything back then you take the neocons who care less about the economy only one is war so you have them bashing China for example but China is the largest buyer of US debt so now they've been starting to sell everything and if you don't have basically the the people to simply buy the debt this is the problem so we're reaching a point where you're not going to be able to to do that it's just they need a reset and that's I mean look Schwab has been taking our I think whatever we do Schwab seems to do the opposite of whatever but his great reset is our 2032 and we're saying that you know that's when Republican forms the government decline etc and and then we get to rebuild something completely new he's just trying to push it in his direction but you know we've reached a point where we can no longer continue to just borrow year after year and it was zero intention of paying anything back I mean about 70 % of the US national debt is help widows and orphans it's it's just interest going out to to those that are holding the debt it's the biggest transfer of wealth probably in humanity so you know all this nonsense about all we can you know from it from back in the 60s you couldn't borrow against like an e -bot it was illegal all right and after Bretton Woods that's when effectively all that kind of disappeared and so before Bretton Woods you had the theory that it was it was less inflationary to borrow than to print now a lot of you know people still you know talk about that but once they took the debt and they made it fungible that you could you want trade futures your posty bills all right so all before Bretton Woods you had the theory that it was it was less inflationary to borrow than to print now a lot of you know people still you know talk about that but once they took the debt and they made it fungible that you could you want trade futures your posty bills all right so all of a sudden the debt is just money that pays interest. So all this nonsense, people watching the Federal Reserve, all the balance sheet, that's very nice. But nobody's paying attention to what Congress does. And they're printing money more than any central bank would ever do. So that's really what's going on. And they need this central bank digital currency and they basically will use that to control everything. I'm about ready to put out a book on it. And you have to understand that these people are really pretty devious. All right. Why did Victoria Newland hop on a plane and go to Niger? A lot of people are like, you know, so what's a coup in Niger got to do with why was it so important for her to hop on a plane? Because they blew up the North Stream pipeline and they promised Europe, keep your mouth shut and we'll build a pipeline from Nigeria to Europe. But it went through Niger. Then there was a coup in Niger and all of a sudden the pipeline wasn't going to go. That's why she hopped on a plane. So a lot of people aren't really, you know, fully aware of all the shenanigans that are going on behind the scenes. Now, they promised Nigeria that they would do this pipeline and they said, okay, fine, we want you to be the test case for the central bank digital currency. They basically canceled all the currency with digital and there were massive riots burning banks. I mean, I mean, you can Google it and you'll see it's just unbelievable. But that was the test case. Now, what these people in Washington and Brussels say, well, it shouldn't go that way because Nigeria was really about a 60 % cash economy. Where the United States estimates it 20%, Europe estimates it at 35. So their view of going to a digital currency, what's the incentive? It's got nothing to do with the economy. It's more taxes. They're worried that you hired that 1
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Jim Willie's thoughts (AI) The final stages of the economic war
They might have, you know, made a few comments on social networks, gotten a bad rating or two, and they can't have access to their own money. That's what the BRICS have told China. Don't bring that into the BRICS. Okay, you asked the question, I didn't give a full answer. You asked, how long can this go? When it becomes well recognized that the United States government is monetizing their own debt. It's like T minus 90 days, T minus three months, T minus 100 days, not much more. You cannot monetize your debt. And furthermore, you cannot monetize the debt for the global currency bond. You can't do that. You cannot monetize the debt for the United States. You cannot monetize the issuance of the treasury bond. It's being dumped around the world. They set a record in June. They're going to set more records. It's going to be tens of billions per month. Okay. We have got a gigantic problem and it's not going to go away. It's just going to get worse and worse and worse. And eventually it'll get a little turbo charge from the dissolution, liquidation and selling dumping of the derivatives. And that's three quarters bond and one quarter crude oil, the petrodollar and the dumping of like $200 trillion worth of petrodollar derivatives. That is going to, when it gets really going, you're going to see a big run in silver because it's all locked in at a 30 to one ratio from 50 years ago. The petrodollar derivative has gold and silver together, has oil and has the dollar. Most people don't know that you've got precious metals in the petrodollar derivative. It's the only place where it is. The derivatives are a vaporous foundation to the global dollar financial structure and economy. So that's going to be the real gasoline then in essence, right? The liquidation of the derivatives, the turbo charge I call it because you're going to have an assent. Now here's an analogy. This is kind of funny. Imagine you have an assent and you keep on rising and rising until you run out of oxygen. Well, when is that? Well, when you get to the stratosphere or when is that? Oh, when you're, I don't know, like eight, 10, 12 miles up. When you can no longer do anything with the dollar. In essence, when it becomes irrelevant, that's really the longterm game here. It's not going to be used in trade settlement. There's no buying of the treasury bond as debt security. It's, I say, you know, here's another interpretation of the bricks and I'm glad I remember this because the bricks are really focused on de-dollarized. Now the Russians are using the ruble in former Soviet republics. The Chinese are using the Yuan in the Pacific rim and the person go, which means Europe too is going to use the Yuan. They don't want the Yuan being used for government securities in their banking system. The Chinese do not want that in European banks. So the purpose is to de-dollarize and when they de-dollarize, they're not going to be buying the treasury bond, nor will their clients for oil and, and, you know, Chinese motorcycles and computer parts and whatever. It's not just the producers. It's their clients are not going to be buying the treasury bonds. This is going to go universal. And that takes the rug out from under the dollar. The foundation of the dollar is the treasury bond. Remember the upside down pyramid, that at the bottom at the foundation, it's going to result in a crash of the dollar while it goes up. Not down up. It's crazy paradoxical. Yeah. But you got to remember the foreign currencies have a treasury bond as the foundation. Just keep that in mind. Absolutely. Absolutely. Well, let me just, let me just condense my question on China because we are limited on time. You've talked about, I think you call that the TPX triumvirate if I remember correct. Last time we spoke about China, but you've also said it's an enigma within an enigma within an enigma. And I completely agree. China is really hard to figure out. Do you think that president G is a white hat? What is your opinion? Because the way that the CCP is acting and he's at the helm of it, one would think that they're trying to push this whole social credit Rockefeller UN system, but I happen to think it's much more complex. I'm curious to hear your thoughts though.
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Peter Schiff's Predictions of the Great Economic Crisis
financial crisis because what the government did in response to that crisis qe1 QE2 qe3 all of that plus you know what we did during coid that is the source of all this inflation and it's going to continue to get worse as long as we continue to run these massive deficits we're running a $2 trillion a year and Rising debt and and this is going to lead to much higher inflation in the future than what we've experienced in the past and I think that the decline in the CPI is over we bottomed out two months ago at 3% year-over-year now we're at 3.7% and rising and I think inflation is going to be a much bigger problem in 2024 than it was in 2023 okay Peter my my issue with all this well I have many issues with all this is it seems like it's an inevitable death spiral because they're not going to stop spending none of these idiots Republicans Or democrats can stop spending so they're going to keep printing money they're going to keep spending money so inflation keeps going up and CPI keeps getting worse and that means interest rates am I getting anything wrong here how does this turn around no and in fact the spiral actually is worse because the increasing interest rates actually contribute to the rise in the CPI because interest rates are a price and it's a very uh important price for a lot of companies just like labor and rents and raw materials companies borrow money uh to conduct their business to make Capital Investments to expand a lot of these companies have taken on debt over the years and now the cost of servicing that debt has risen sharply I think it will continue to rise and so businesses need to pass on these higher interest rates to their customers in the form of higher consumer prices so every time the FED raises rates it put more upward pressure on the CPI and people make less money we know now the household income fell by 2.3% 2022 that's the lowest since 2010 so not only is everything more expensive people are making less so Peter how does this end how does this story end let's assume they're not going to change their behavior that's a very safe assumption what does this bubble pop look like when it comes is it going to be like 2008 well you know this the the story is going to have a tragic ending unfortunately we're going to have a dollar crisis and a sovereign debt crisis the FED is going to print money until the dollar collapses and I think that that Day of Reckoning is is at hand I mean I don't know that it's tomorrow but it's coming sometime soon because you can already see the world is trying to divest itself of the dollar you know there's a big movement to look for alternatives to the US dollar and they're there and that's and that's happening and we've been able to get away with creating all this inflation because we've been able to export our inflation to our trading partners who have replaced the money we print with the goods that they produce and that's kept a lid on in consumer prices but as our trading partners move away from the dollar the dollar is going to fall very fast prices are going to rise uh much faster than they have been and at some point it's going to spiral out of control especially the debt because we have so much debt and as the interest on that debt really Rises then it puts even more pressure on the FED to print even more money to buy more bonds to put some kind of cap on how high interest rates go and it just accelerates the cycle because what's driving everybody out of dollars and out of bonds is inflation and If the Fed has to create even more inflation to stop interest rates from rising it just creates an even more powerful
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The Coming Economic Collapse
with crude oil what does that mean for you what does it mean for me what does it mean for all of us look we have been lied to on a scale that is hard to get your head around with regard to inflation being temporary inflation being transitory inflation being contained Janet Yellen stain the thing who came out yesterday talking about a soft Landing again for the U.S economy which we are in free fall all right uh it's all been contained she she used the word contained this is the same word that was used by Ben Freakshow Bernanke uh during the Meltdown of 2008 everything was contained and then then too did it work out so well these things do nothing every time they open their mouth a lie comes out another lie comes out another we should like duct tape these things mouths um all they're doing is lying to us and there's no accountability doesn't that get to you it gets to me but I'll tell you something people what gets to me more than anything as of late really uh and I know it's getting to you too this whole issue this whole issue with the FDIC they are aware of thousands of banks that are in a lot of trouble but it's privileged information we're not allowed to know about this and these institutions can be taken over by the FDIC at any moment that means your cash will be locked up until they figure out what they're going to do about it but you see you can't know about it even though it's your cash in these institutions I don't know I think it's a crime in progress and I think most of you out here would agree but again where's the accountability when was the last time you heard from a politician a previous politician someone get on the TV and say hey you know what this is not right the American people need to know and have the right to know if they have their cash in a failing institution what are they doing what are they doing people again this is a a quiet consolidation of the system the whole entire Financial system especially with the banks here this is a major issue you all know that we knew this you and I called this up before anybody else here okay with no deposits no loans no deals this this is a a phenomenon that the big banks are dealing with as well here record withdrawals um and again this this is this major issues uh ahead and this is all this is going to end up doing is consolidating power in fewer institutions the JP mortgage the Goldman Sachs the city groups the Bank of Americas these are all where the power is going to go uh and again you know what this is all about control control and then more control on top of that the lies the deceptions the distractions the the Janet Yellen stain things telling you how this is temporary it's transitory and it's now it's contained it ain't contained okay no way is this contained as a matter of fact let's talk about that so gym records right most of you know who this guy is smart guy uh has a lot to say
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Gerald Celente - Highlights 9/12/23
The transcript discusses various topics such as AI, inflation, oil prices, the economy, geopolitics, and more. It also mentions the current state of the world and the challenges faced by society.
💣 Inflation is causing an increase in consumer credit card debt, with U.S. consumers taking on $43 billion of additional credit card debt in the second quarter of 2023.
💰 The price of oil (Brent crude) has risen by $20 per barrel since June 2023, reaching almost $92 per barrel.
💥 The economy is facing challenges, with the job market expected to worsen and interest rates projected to rise.
🌍 Global growth is slowing down, and there are concerns of a recession in Germany and Europe.
❌ The commercial real estate sector may experience a crash, while U.S. home prices continue to rise.
🛢️ The Ukraine conflict and the threat of war are highlighted, along with the involvement of NATO and the United States.
📉 Consumer spending is anticipated to decline as the holiday season ends and economic realities set in.
💼 The banking sector is predicted to suffer, particularly in regards to mortgage payments and office buildings.
💔 The transcript criticizes political hypocrisy and mentions specific issues with China, Japan, Vietnam, Germany, and other countries.
📚 The Trends Journal is recommended as a valuable source of information and foresight on politics, economics, and cultural trends.
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Jim Rickards - China Is Trapped *vocalization*
The way out of the middle-income trap is to develop your own high-technology intellectual property that you can then apply yourself and license to others. The middle-income countries basically pay others licensing fees for the technology they need to grow.
It’s only when you develop your own technology that you can move to higher value-added in your manufacturing and earn fees from others. The key to forecasting Chinese growth in the years ahead is therefore technology.
Can China develop its own technology ahead of advanced economy competitors and create the high-value-added industries that come with it? The outlook here is not good for China. They have shown little or no capacity to invent or produce in areas such as advanced semiconductors, high-capacity aircraft, medical diagnostics, nuclear reactors, 3D printing, AI, water purification, and virtual reality.
The projects that China does have on display that are advanced (such as their bullet trains that run quietly at 310 kph) are done with technology licensed from Germany or France or with stolen technology. China has produced major technological advances, but it has done so in non-sustainable ways including excessive debt and theft of intellectual property.
China has done little innovation on its own. The stolen technology channel is being shut down by bans on advanced semiconductor exports to China, and sanctions on the use of 5G systems from Huawei. Even China’s ability to import high-tech semiconductor manufacturing equipment as a path to developing their own semiconductors has been cut off through export bans from the U.S. and Netherlands.
The second hurdle to growth in China is its overreliance on investment to drive GDP. A country’s GDP account consists of consumption + investment + government spending + (exports–imports).
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Jim Rickards - Paper Tiger *vocalization*
The story of China’s explosive growth from 1978 to 2008 is well-known.
China’s GDP surged from less than $150 billion in 1978 to over $3 trillion by 2008. China’s average annual growth rate exceeded 10% from 1978 to 2005. During this period, over 600 million people escaped poverty to obtain at least a stable if low-income standard of living.
Between 2000 and 2008, China became the factory to the world providing everything from simple assembly to textiles to world-class automobiles and laptop computers.
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Jim Willie - XRP $120 - speech summary
Summary
Jim Willie shares his insights on the global financial crisis, the future of the US dollar, and the role of gold and XRP in the coming months.
Highlights
🌍 Global distress: Jim notes that people worldwide are facing financial problems, with wealthy individuals also struggling due to the economic climate.
💰 Dollar troubles: Jim discusses how the US dollar’s future is at risk due to its lack of backing and mounting debt, causing other countries to lose faith in it.
🛢️ Oil and the Petrodollar: Jim explains the potential impact of a shift away from the Petrodollar system and the increasing demand for oil in currencies other than the USD.
📉 Derivatives and silver: Jim highlights the connection between silver and the liquidation of Petrodollar derivatives, suggesting that the prices of both metals may rise significantly.
💸 Treasury bond troubles: Jim warns that the demand for US government debt may decline rapidly, putting a strain on the Treasury Bond market and the dollar’s strength.
💰 Central bank gold acquisition: Jim predicts that central banks will acquire gold to restore their balance sheets and stabilize the global monetary system.
💪 XRP’s role: Jim discusses the potential role of XRP in resolving trade payment issues, particularly if the US dollar’s acceptance at ports is compromised.
📉 Central bank insolvency: Jim echoes Yelle Zylstra’s prediction that central banks will face insolvency and can only recover by acquiring gold and raising its price.
💡 The solution: Jim believes that the international financial system will move towards a gold token that is not subject to manipulation, bringing significant changes to gold trading.
🔄 Central bank gold price: Jim predicts that the market will focus less on Comex and LBMA gold prices and more on diverse global gold price posts.
🚫 China’s divergence: Jim explains how China’s efforts to implement social credit and United Nations agendas make it an odd fit within the BRICS nations.
Note: This summary captures the main points of Jim Willie’s discussion but does not reflect his opinions as fact.
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Jim Willie - A bigger crisis than the 2008 crisis is coming *vocalization/ Highlights*
💣 Jim Willie discusses the current state of the banking system and predicts that a major bank failure is imminent, which will surpass the 2008 crisis.
Three big bank failures have already occurred, surpassing the size of the 2008 Lehman collapse.
The Fed raised interest rates in an attempt to help the banks and protect Treasury bonds, but this strategy is causing further problems.
The banking system is supported by money laundering and dirty money, which will eventually be exposed.
As foreign nations refuse to accept the dollar, trade will be affected, causing a shortage of import supply.
Dumping of Treasury bonds by foreign entities will lead to an increase in the Fed’s balance sheet and the potential purchase of gold from various sources.
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Jim Willie * TIDBITS & TEASES / vocalization
Union of South Africa will soon become a toothless player in BRIICS, with ignored voice, maybe expelled eventually. They form a core of African marxist idiots and do not reflect the growing power of African nations.
Saudi soon formal member included in BRIICS, with the UAE joined at hip.
The PetroYuan will pave the way quickly to the New Gold Token. The Chinese Yuan defacto Standard for energy is one of the biggest events in half a century, not well recognized.
Entire nations will remove USTBonds from their banking systems, and no longer invest in USTreasurys. The result will be a USGovt debt default.
The United States risks being declared a rogue nation, subjected to embargo for predatory war and bond market fraud and gold market fraud. The US ports might not move imported shipments unless and until the USGovt is reformed (removed), and the global trade union is respected.
The next chapter will feature eye-popping price inflation and acute shortages. Expect the USTBill to be discounted, and the costs passed along for imported products.
EuroBonds were declared invalid by the USDept Treasury, not for deposit in US banks. They are USTreasurys held in European banks. They have been widely used by European nations to exploit African nations for their assets.
A war has been in progress for almost a full year, between US-based banks and European banks. One weapon used is interest rates, another crude oil price. BlackRock is a European large element on US soil, dependent upon Ukraine money laundering.
Amundi has divested all US$-based investments. They are Europe’s largest asset manager.
No notable purchases of G-7 sovereign bonds have occurred in the last few months, amidst a global strike which recognizes no value in USTBills, as well as astounding fraud in financial markets, even debt default.
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