Tag Archives: Jim Willie

SoT #45 Jim Willie: The Petro-Dollar Won’t Collapse – It Will Vanish

You’ll know the dollar is about to die when rises, rises and rises some more, because it’s soon going to vanish…the dollar and Treasuries will suffer a vanishing act from global rejection because foreign nations are going to say we don’t want your stinking toilet paper called “Treasury Bills” – we want something better.   – Jim Willie on Shadow of Truth

I have been following Jim Willie’s work since 2002 – back in the days when Jim would submit free article to Gold-Eagle.com.  Although I can’t make the time to listen to every podcast he does, I have listened to many over the years and recently.  I can honestly say that the podcast that the Shadow of Truth separated into two parts because of its length is the best audio footage of JW that I have ever heard.

Something happened around the middle of 2013…[back then] I noticed significant changes in the relationship between the U.S. Government and the Saudi royal regime…In 2013 I came and said, “the petro-dollar is going to be trashed and we are seeing indications of this right now in the middle of 2013 – look for a grand and ugly divorce between the U.S. and the Saudis. [ed. note: this forecast is proving to be true, as the Saudis are clearly shifting their allegiance to China and the BRICS].

My colleague Rory did very little editing – this is Jim Willie in his essence.  Something wound-up JW the day we recorded this and we were not about to perform any editorial surgery on his oration nor were we going to interrupt him until he ran out of gas, which is why this podcast is in two segments.

Emmet Fox wrote “The Sermon On The Mount” – this podcast could be named Jim Willie’s “Economic And Geopolitical Teachings From Costa Rica:”

Jim Willie Part 1:

The U.S. dollar is not even worth toilet paper – toilet paper has value until you use it to wipe, then it’s worth what the dollar is worth.”

Jim Willie Part 2:

When the commodities hard assets are showing pain, to me it means we’re in the last stage of the dollar collapse. – Jim Willie on Shadow of Truth

Is The Dollar Going To Crash While Gold Is Driven Higher By Speculators?

There’s an increasing number of professional money managers who think it will be gold which has been trading more like a currency than a commodity recently. If the dollar is no longer king then gold looks like a worthy successor.  – Arabianmoney.net (LINK)

Several analysts, including myself, have pointed out that recently gold has been moving in correlation  with the dollar rather than inversely.  While many are not aware of this, the two huge moves higher made by gold during this long term bull market occurred after gold traded for a couple months in correlation with the dollar.

Gold has actually been tracking the US dollar’s advance but it has now decoupled and should go in the opposite direction. Gold is after all the classic hedge for dollar weakness. There’s another reason to think the price of bullion will surge from here.

The argument that higher US interest rates are coming is what has kept the price of gold down…Now that the Fed has taken its foot off the pedal for interest rates therefore gold prices should no longer stay low. And once investors wake up to the fact that interest rates are actually going to stay low for much longer then logically gold prices should be heading up and up.  Arabianmoney

As many of you know, several of the United States’ long time allies/lap dogs have been joining China’s Asian Infrastructure Investment Bank.  This is not just a blow to the U.S.-controlled IMF, it’s a direct blow to the dollar:  “China has won, gaining the support of American allies not just in Asia but in Europe, and leaving America looking churlish and ineffectual.”  Believe it or not, that quote comes from The Economist on this matter.

I have been suggesting that the recent parabolic move in the dollar is the signal that something has melted down behind “the curtain.”  That  “something” could be the dollar itself.  If that’s the case, Jim Willie’s prediction that the dollar will die in 2015 will ring true and gold will take off.   In fact, Rory and I are hosting Jim Willie this Monday on our Shadow of Truth podcast show and we will talk about this topic.

Everything unexplainable happens for a reason and perhaps the dollar’s imminent demise is the reason that China has accelerated its gold buying this year.  Yes folks, the WGC has it wrong again.  Based on deliveries into and withdrawals from  the SGE – I track both numbers (deliveries daily and withdrawals weekly) – China’s gold buying YTD is at least 15-20% above 2014.

Gold is about to have its run as a speculative currency vehicle as the ultimate money that no central bank can print. When currency markets give up on central bankers where do they go?  – Arabianmoney