Jim Willie: The Global Currency Reset is Imminent
from Grams Gold The US Has Been in a 6 Year Depression There was a recent article that some 6,000 US retail stores are shutting down permanently. In responding to what that means for the US economy Willie states, in a May 4, 2015 interview, “it’s stuck in a depression and all the talk of a sluggish recovery is pure nonsense. It means that the people who run the economic statistics rat-labs are a bunch of clown-liars. The US economy has been stuck in a recession on the order of –2% to -5% on a truly, properly inflation-adjusted basis – for the last 6 consecutive years!”
The US is stuck in a vicious recession, which I think after 3 years qualifies for a depression.
This Will Cause a Big Shock to the US Economy “You mentioned 6,000 stores being closed down. You have 340 Dollar Tree and Dollar Stores closing down.” Interviewer: That’s an amazing statistic, the Dollar stores. They were a growth business for the longest time and now they’re shutting down. That’s a significant sign in my opinion. Willie continues, “You are not seeing any Walmarts closing down yet, but that’s going to come.
I think the big shock to the US economy is going to come when Sears announces their bankruptcy.
US Is Using a Fascist Business Model “The US economy, even now, still has more retail space, per capita, than any other nation in the world. What these clowns in Washington and New York need to do is start building new businesses and expanding existing, successful businesses. US Is Using a Fascist Business Model “The US economy, even now, still has more retail space, per capita, than any other nation in the world. What these clowns in Washington and New York need to do is start building new businesses and expanding existing, successful businesses. Notice Wall Street’s primary businesses nowadays are bond carry trades. They borrow at zero percent, they invest the 10 and the 30 year… and they’re making money. They’re not making money the capitalist way; they are making money the fascist way-with inflation. The Obama administration has no effing clue how to revitalize the US economy. They wanted to put money from the printing press into people’s pockets. That was the strategy 4 years ago. It was stupid then, it’s stupid now – it doesn’t work. It can’t inflate the housing market because the primary buyers are hedge funds. They are starting to realize their investments didn’t work out because the tenants are hostile and breaking things. [1:24] This is what the fascist business model is all about:
- Wreck the Economy
- Do QE monetary inflation that harms business profitability
- Banks that do narcotics money laundering: Bank of America, Citigroup and JP Morgan
Financial Engineering is Derivative dependence We’re seeing the climax of the failure of the fascist business model that began before 9-11, which began in the Greenspan with financial engineering. That is just a fancy word for saying ‘derivative dependence’ for financial markets. The fascist business model started in the 90s and took deep root in the 2000 decade and now you are seeing economic failure in the 2010 decade. Expect during this failure to see the rise of the gold standard. I like to offer hope. It will be coming. The reset will set the stage for that with a shock wave. Continue Reading>>>