Jim Willie: Germany to Back BRICS Gold-Backed Currency
Every week or two we hear another story about a major gold mining firm that shuts down or delays big projects.
We are going to see a MASSIVE shortage of copper, silver and gold, and more precisely at the time when demand is maybe going to start increasing as a hedge against a wrecked system.
People ask me, as they say they can see the gold price getting to 7 or $8,000, but how is it going to get into the teens?
The BRICS nations are going to make a gold and silver-backed currency. And Germany is going to back it.
We have lots of different avenues for gold demand
coming down the pike.
What we don’t have is supply!
I’ve been asked 3 times in the last month: Is platinum or palladium a good investment? I say, NO – it’s not a monetary metal.
The BRICS nations are going to make a gold and silver-backed currency. And Germany is going to back it. With all this enormous demand for a BRICS gold central bank, it is largely going to be handled through Shanghai and maybe Dubai. The BRICS are also going to bring about a gold-trade note that is going to serve as a Letter of Credit for commerce between two nations.
We have lots of different avenues for gold demand coming down the pike. What we don’t have is supply!
I think the US and London are drained, that their power is gone and they are not going to be major players in the next chapter. If they’re LUCKY, the two nations can avoid the “third world”. I think the Swiss central bank action opened the “gates of hell” for Europe, the US dollar and for gold, in a positive way.
This is game over when Germany announces they are going to work closely with the BRICS nations and
Russia and have a new gold currency.
It will be GAME OVER.
The Russian and the Chinese wanted to stop use of the Treasury bonds in their banking systems. The crime for Russia is not only did they boot out the Rothschild bankers, they wanted to stop US dollar trade settlement. So they got the same treatment that Iran and Irag got-war.
The US thought they could cut off the marriage of the Eurasian trade zone of Europe and Russia. They thought they could cut off the gas supply of Russia and Europe and Germany. This is game over when Germany announces they are going to work closely with the BRICS nations and Russia and have a new gold currency. It will be GAME OVER.
It’s a disaster in Ukraine. They can longer control their currency, which is about to collapse.
They are doing very much the opposite of what we are being told. The big lie is that they are selling their gold reserves in order to alleviate their economic problems . No, they are converting all their energy dollars and are buying gold. The press is lying through their teeth to us.”
SAFEST COUNTRIES IN THE WORLD
Interviewer: Where should he be in 2 years from now? Where do you find safety in this world? Which banks do you keep your money that you trust?
Willie: “The country first. Believe it or not, I get this question twice a week. I say that my favorite 2 countries I have, that Panama is the first answer. There are 120,000 new people there from Venezuala just since Chavez died. But Panama doesn’t let them in unless they have the money. You need $5,000, which to many is a prohibitive number. The second one is Chile, the northern area.
I have a friend in Iquique. Chile is so vast a country that it has a 2,600 mile border. There are not many countries, although I still think Costa Rica is good, where I am. Nicuragua is very poor, but Panama is thriving. They just built an above ground monorail and an underground subway. Their financial district is vast.
I went down there, as I had to be out of the country for 3 days every 90 days to satisfy my Visa requirements.