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News Link • Currencies

Whole Eastern World Rebelling Against the Dollar-Jim Willie

•, By Greg Hunter
 We spent a lot of years trying to hold this thing together.  The whole system broke in 2007 and 2008 with the subprime mortgages.  I was saying before that we’ve got the entire U.S. economy depending on the housing bubble and the mortgage finance bubble, and when that breaks, the system is going to break.  In the following couple of years, it continued to break. What did we do?  We went to zero percent interest rates and made it pretty clear it’s forever.  What else did we do?  We did bond monetization, QE.  I love QE, it makes it sound like CPR.  It’s death.  It’s hyper-monetary inflation.  It’s what Nazi Germany did . . . it wrecked everything.  These are desperation measures to hold it together because the system is broken.”  Dr. Willie, who holds a PhD in statistics, contends, “Now all the QE and bond purchases are causing some major problems, breaking major economic structures. . . It’s all breaking, it’s all breaking, and they are having a tremendous problem holding it together.  Now, the whole Eastern World is rebelling against the dollar.” 

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