Alright hello everyone this is CJ with rogue money radio I am very excited today to say excited by an understatement but today's guess who really doesn't need any introduction is Jim Willie Jim is a statistical analyst in marketing research and retail forecasting Jim has a PhD in statistics Jim is the editor of the hat trick letter that you can find on ww golden jackass comm so Jim how are you sir I'm doing just fit and fiddling I'm doing fine excellent weird yeah we actually have a break here it's been about 10 days with almost no rain in Costa Rica and now we're in the middle of the rainy season so it's a it's really nice to see the Sun set you know afternoon of Sun and you know get out there and take a walk take the hat off take the shirt off anyway I'm doing fine spirits are good and we got so much happened now and you know if you're looking for a list of key events key factors it's hard to make the list under 15 items 15 this is a climax of structural breakdown climax of international conflict with hidden motives everything is fracturing everything and it's amazing that so many people are asleep and and their reasoning is so simple you know simple minded they say stock markets doing well everything's fun right they don't even know who's buying the stocks exactly exactly well let's jump right into it because I completely agree and one of the recent things that occur Jim was we witnessed that the House and the Senate passed new sanctions against against Russia now we're witnessing some geopolitical pushback from very specific key members of the EU including Germany can you talk about that please yeah these gosh you know we just had a revelation about a week ago that the Democrat National Committee hired a consulting group to produce the false Russian stories and that that's an amazing incident there should be a rest but you know it doesn't that it's not how things work in the fascist state it's about power and clinging to power but this Russian blame game just will not go away and and its roots I don't want to get sidetracked off the answer but the roots are simple the Rothschild family in Europe and England do not want Russia to make tight economic connections with Europe that sustained a financial structure coming into place therefore we have the Ukraine war which was a State Department u.s. government State Department project run by Victoria Nuland it cost five billion dollars and amphetamines played a very important part during the rioting and the coup but the u.s. fascists you know the neo cons and they were kind of neoconservative why why such a nice sweet name neoconservative gee that sounds nice it's neo-nazi it's fascist these are the fascists and it's amazing Americans cannot define fascism my brother doesn't recognize the fascism and he has a Phi Beta Kappa degree in economics and political science I say no John you don't recognize the fascist state well I'm not really okay so the US government decided to take one more step and to impose sanctions on Germany and its companies involved with the Russian Gazprom gas pipeline called Nord Stream 2 that goes under the Baltic Sea and parts of it in the winter are frozen so this is an underwater supply line from Russia to German industry Germany needs this for their industry so the US said any company involved in the construction or the finance of northern stream 2 is going to be subject to sanctions and fines by the US government I have a very simple question since when does Washington have jurisdiction over the German state exactly they don't therefore Germany is now pushing back saying wait a minute first you tell us a couple months ago that we have to pay bigger bills for NATO so we'd rather back down on our obligations for NATO now you're you're overstepping your bounds by saying you're going to find our German companies for being involved with finance construction of Nord Stream 2 we're going to say foul and we're going to start sanctioning your American companies in Germany doing business if they do anything we dislike so now what we've got is is a realization coming to pass a forecast I made about two years ago maybe a little like 18 months ago two years ago I said eventually the key key European member nations will ignore the sanctions against Russia they'll just go ahead and do what they think is the right thing to do for the betterment of their economy and financial system to preserve jobs to keep their economy running and here's where it gets absurd the United States is saying to the Germans take us gas supply it will cost more and it's inadequate and volume but we're friends now that's just a lunatic the Germans are saying no we don't want to pay more and you don't have adequate volume so get out of our face ok now what's the upshot bigger level Germany is realizing the United States and their fascists are trying to run Europe and run Germany into the ground the German companies don't like the trade union that Obama's try to try to promote the transatlantic trade partnership and the result is going to be more formal and developed ties with contracts and agreements and cultural exchange in the whole works between Russia and Germany there's been significant damage to the trade but the German companies have done something clever in the last three years they set up subsidiaries pardon my voice I believe it or not it's been over two months since this flu and bronchitis I'm doing very well now but I've got a little bit of alteration to my throat and I'm hoping that things get back to normal we know with you know with phlegm levels and wrasse penis and need to clear the throat my voice is not hundred-percent my throat's not 100% but my brain is doing just fine the Germans and Russians are going to continue their trade they're going to develop it and they're going to move from away from something that the German Germans did in the last three years in reaction they set up subsidiaries inside Russia so that like like the German middle shot company they would build stuff and produce stuff in Russia and send it to their Russian clients it did not have to cross a border so it would not there's nothing illegal about setting up subsidiaries in Russia Billee obstructions was with trade another hole in the sanctions my god the biggest hole in sanction history was the Obama idiots who set up the Iran sanctions and said that the Iran Central Bank could not could not receive funds from European companies or countries like with oil trade but they left out the big you're a big Iranian banks so the big Iranian banks took the gold that India sent them for the Iranian oil and the Indians sent it to the big Iranian banks which passed it on to the central bank again Obama was an idiot in foreign policy and every single foreign policy initiative has backfired and turned into a massive failure despite all the chest pounding and hoopla okay so the German sanctions they also include Iran and North Korea but I don't want to get in all that that's just really silly moronic stuff but the sanction that the Congress put about three weeks ago versus Russia are going to result in shut in in the Germans building up more trade building up more contracts building up more dual relationships and continuing with the pipeline ignoring the sanctions probably threatening sanctions against the United States companies in some way I know the agents doing bidding for Washington neocon fascists and it could actually bring about the fracture and splintering off of nations within NATO we've already got the beginning of that with with Turkey the Incirlik Air Force Base is no longer a NATO base all the planes and assets I love how they use the word asset that's nuclear bombs right all the assets have been moved back to Germany and there's a riff a rift between the Germans and the Turks right now over you know the failed us-led coup against President Erdogan of Turkey another failed for an initiative oh gosh so we got the German situation and it is turning into a real mess and here would I predict the u.s. going to back down you're just going to back down and say okay you know you want to go ahead with your North stream to construction finance you want to supply your German industries with Russian gas it's your decision it's okay by us in other words we tried to pound down your throat something and it didn't work and we're walking away from the room with our tail between our legs very interesting how the fascists not only destroy their hosts namely the US economy they destroy their relationships with all allies the process well along the arrogance of the arrogance of the United States in regards to these sanctions and we know in part the largest part probably is in regards to the Russian interventions in Syria and let's talk about the dynamics Jim of a post 9-11 Middle East and the United States involvement and if you want to walk us through those events and leading up to what we're witnessing currently happening there with guitar and the Saudis and the chaos that the United States has created okay Obama thought it would be a good idea to disrupt all the Muslim and Arab nations this is what we do we we don't leave nations alone we try to interfere with their internal politics can you imagine Iran Russia China and lots of other nations getting involved with the Democrats and backing candidates and bringing in straw straw figures and you know funding riots and oh my gosh we would cry foul that's what we do every single day and we kill potential leaders like composts in brazil because he looked like he was going to become president of brazil and we didn't like that so he had a small plane accident he's dead okay so Obama thought it would be a good idea to do what he called the Arab Spring we had the color revolutions in Eastern Europe most of which were failure and now we had in in the last eight years we had the Arab Spring revolutions I have one contact with government experience and he told me something he said Jim this is a better way of interpreting the Arab springs what they do is they try to disrupt the government's disrupt the monarchies to struck disrupt the economy and try to force the government to move their central bank gold and once they start moving it the Bush family comes in to steal it that's one of the interpretations of Arab Spring get movement steal the gold how that work out in Ukraine very well that's not an Arab Spring example but within one month of the coup in Kiev Ukraine they moved their 44 tons of gold to New York they'll never see it again okay so the Arab Spring I it was you know Egypt that was a failure now they're kind of buddies with Russia developing their trade building up nuclear power plants with Raza Tom help from Russia the American puppet was displaced pushed out and a pro Eastern figure is running Egypt move on to Libya where we funded the revolt there and little known fact is that Qaddafi wanted to develop the gold dinar and have all North African oil sales to the West paid in the Arab gold dinar currency and anytime the dollar is challenged in such a big way leaders are killed nations are invaded and we bring up the sectarian violence nonsense excuse and the you know internal violence and destabilization the United States is coming in to save the day yeah okay so Libya is now a nation chaos with without leadership and from what I'm hearing the anti West factions are taking control it doesn't mean they're going to start selling oil for you know gold it just means it's going to be a lot more trouble for the Western leaders to bring Libya to heel all right move on in the United States fully cooperating with Saudi to start a Yemen war because the Saudis are pretty much out of oil now you don't read about that in the New York Times that rag or CNN that rag but Yemen is on the same Arabian Peninsula as Saudi Arabia I mean wouldn't you expect say Canada and large parts like the eastern provinces to shared geography I'm sorry I said geology with the the Northeast and central states of the United States of course alright so the Saudis have been lying about their spare capacity lying about their excess reserves talking about oil and wherever you have oil to have gas because it's kind of you know mutton Jeff there they work together they appear together they live together they developed together so the United States said to Yemen so to the Saudis go ahead buy some more weapons from the US military establishment have your war in Yemen and we'll help you to bomb hospitals and schools and marketplaces then the United States organized something with the Saudis to pay a bribe to the United Nations to look the other way on war crimes now we're doing some phone arms deals with the Saudis remember three months ago two months ago Trump went to Saudi Arabia with a lot of hoopla fanfare and orchestras and red carpet and blood bullshit and announced these new arms deals I immediately wrote an article pointing out three or four potential realities behind the deal and and some of my ideas were correct and one I overlooked all the arms deals were done by Obama and there was nothing new so the United States is part of an accomplice to war crimes in Yemen and I've come to learn something else recently that the Saudis bought at p4 level laboratory to spread cholera by airplane drops well so now you have perhaps a million victims of cholera in Yemen and the United States doesn't say anything okay that's one of the other Arab springs not really but it involved Yemen which is an Arab in a Muslim country and it they're victims from actions from one of the US allies okay the most resource is Qatar I don't care how it's supposed to be pronounced I call Qatar I mean they call Cotter I don't Qatar Qatar this is not the television show with the you know John Travolta in it from the 70s this is Qatar qadar right right and and what you have going here is an extreme deviation from too strong US allies and supporters of Treasury bonds for 30 or 40 years namely the Saudis and the United Arab Emirates UAE UAE is basically Abu Dhabi city-state and Dubai the city State okay the the its MBS and mvz Mohammed bin Salman Crown Prince Saudi and Mohammed bin Zayed the Crown Prince of Abu Dhabi which is more dominant in the UAE than Dubai Dubai is kind of a financial center in Abu Dhabi's where all the rich guys live who call the shots and manage huge sovereign wealth funds or what used to be huge anyway MBS and MBC decided that you know their war wasn't going real well in Yemen so they're going to set their sights on guitar because guitar doesn't have much in the way of defense you got a very developed liquefied natural gas sector and what they overlooked was that they have tight Russian connections due to the LNG and they have typed German connections due to the technology influence like consultants in their LNG sector and the real weird wrinkle with Qatar is the United States has a central command center central command control center CENTCOM much like they have in Tampa Florida and the Sen come in in Qatar controls all US military activity in the Middle East including Syria but also Ukraine and also Afghanistan so it's kind of a big CENTCOM may be bigger than Tampa but Tampa and in Nevada is where we have all the controlled drones and you know all those weapons that are managed by computer screens and no killing civilians as long as we possibly get a real target that's okay civilians might grow up to become terrorists that's a new line of thinking now so art is not going to bend guitar has extensive multi-billion dollar investments in France and Germany they're not going to bend they're not going to just give in and say all right whatever you guys whatever you guys in Saudi and you a you want will do no problem no they're going to say screw off and now you're seeing the Saudis back down they had a list of requirements now they chained to a list of requests and now they're calling them points of interest or some silly euphemistic nonsense okay Qatar is critical because they change their minds and decided not to go any further not to back and not to invest any further the Saudi gas pipeline instead they're going with the Iranian gas pipeline and will continue their giant project called North dome by Qataris and called South pars by the Iranians it's a gigantic gas deposit in the Persian Gulf and it will be a key part to the supply line of the Iran gas pipeline that Qatar has signed up with with Russian food support Saudi doesn't like that so they called Qataris terrorists supporters imagine that the largest terrorist nation among the Arabs is Saudi it's so weird now CJ that Langley had a deal a year ago two years ago where a certain prince was lined up to be the crown prince in other words when the King dies the crown prince takes takes the throne and Langley had this arrangement and Mohammed bin Salman MBs came in there and upset that understanding and situation and line to the throne Langley wanted the other a prince to remain Crown Prince because he was not in support of Isis terrorism was not in support of exporting like Muslim Brotherhood terrorism to Egypt and other activities in the Arab world the irony is thick because Isis is a Mossad and a Langley project and Putin revealed that so thoroughly about a year ago at a g7 meeting with the Microsoft PowerPoint dog-and-pony show of all the finance connections between the u.s. Israelis and the Swiss banks funding Isis so Arab Spring has turned out to be a failure in every single nation we disrupted their Nations we may have stolen some of their you know assets like gold but every one of the nations now has tighter connections with Russia and China and Iran so once again every foreign policy initiative since 9/11 has been a massive failure an emphatic failure very much in keeping with the fascist theme the fascist kill their host and they wreck their relationships with allies and it's true with the entire Arab the voice has a simple conclusion he says you know Jim with the petrodollar going away and decaying step by step until it's going to become a meaningless standard that's not honored anymore meaning oil is not purchased with Treasury bonds or Treasury bills anymore when that happened he said just about every single Arab monarch Arab oil monarchy will fall and he gives the example of Oman being the only one that does not I think because they developed good relationships with other nations like China and Iran and also they diversify so they're not overly invested in Treasury bonds you know the dollar based government debt so Arab Spring has been a failure and most of the nations involved in their disruptions have turned to Russia and China as a more stable player on the geopolitical stage and that's where we stand today I think one of the big events coming up and it could be next week it could be next month could be before the year is over could be I don't know I think it's going to be before this year is up the Chinese are going to win a deal where they are able to pay for Saudi oil in RMB their domestic currency and not use the dollar anymore the Chinese are really angry and irritated that for the last two or three years really ever since the Ukraine war and all that nonsense about blaming Russia the Chinese have been irritated that they are buying oil on the international market and paying dollars they don't want to use dollars they're using their Treasury bonds to you know buy up assets around the world including US urban commercial properties you make a list of the top 12 US cities the Chinese own 30 to 35% of all those cities urban commercial buildings commercial properties so they're very big in there and they're they're working closely with Wells Fargo is very clever what they're doing me they put up Treasury bonds at Wells Fargo and say we want to borrow 10 times the amount of this collateral and and you think Wells Fargo can say sorry your collateral is no good their Treasury bonds US government doesn't like it they can't stop it so China continues buying up US commercial urban property oh my gosh so when the Chinese win the right to buy Saudi oil in RMB terms you can pretty much say got a handful of nails there to put the coffin nice and us for the petrodollar bingo and and that's when I think the shitstorm begins to accelerate in a very noticeable way Jim and rejuvenate majority to the speaking of petitioning it has a half ago in regarding some of the Saudi Aramco IPO does that even matter anymore in terms of the players you know we're watching you know London we're watching the United States all try to wager for this IPO what direction do you see that IP going in or doesn't even matter oh I think it matters a lot first of all it matters with the the fraud Western analysts are very good at putting a value on a proposed IPO they got a lot of experience you know compare a Ramco to Rosneft and Exxon okay just that's just for starters and what they concluded was the Aramco total value is four to five times less than what the Saudis state and that does not even factor in the lies on the still available Saudi oil reserves in other words they say the company's worth four to five times less and the heaven factored in all the oil that's not there in the Saudi deserts their lie they've been lying for a long time in the in the 2000 decade in the late nineties it was Saudi spare capacity might come online meaning their existing oil production might start pouring out oil and that pushes down the oil price without doing anything in other words talking down the oil price okay they've been lying for a long time they don't have the reserves the gawe oil giant the elephant Field is producing 98 percent water it's called the water cut you know you pump out oil and you stuff down water to maintain the pressure so you can pump out a little bit more boy on the next year okay the Aramco deal will point out the fraud of the Saudis and that's very important because if the fraud is well known then the dollar is going to take an impact ahead because if the dollars best friend is the Saudi oil producers and they're declared fraudulent and the reserves are declared as lies then one more little plank ins and the petro dollar system is taken away but here's how I think it's going to be very interesting and full of intrigue I think the Chinese are going to make an offer for a piece of a Ramco they're only putting up for sale 10% of a Remco I think the Chinese are going to overpay on an on a piece of a Ramco so that they have leverage later to use it for paying for Saudi oil in RMB terms their improved their increasing their leverage every month by buying a little bit less of the Saudi oil they're buying instead Russian oil and the Iranian oil but if they say to the Saudis look we'll buy a nice piece of a Ramco and I will overpay we don't care if we pay a little bit more than it's worth that's okay because we want a good partner in the Persian Gulf the Gulf region I still call it the Persian Gulf at all my life I've been calling it the Persian Gulf but they want to be why don't we call the Gulf well there are more than one Gulf in the world very narcissistic of the herbs I mean how about the gulf of tonkin anyway I could go on so the Chinese are going to use leverage with the Ramco to win the right to buy Saudi oil and they're going to increase their Saudi purchases and pay for it in our m/v they're going to be two consequences from that within the oil world going to be of consequences generally geopolitically other departments so yeah some I got really dry there no you're you're you're fine sorry about that other Gulf Arab nations like Kuwait like Bahrain like Oman they're going to say oh wait a minute we don't want to lose any business to China we'll take our and b2 and then you're going to have the whole Gulf region eventually accepting R & B currency from the Chinese okay that's the seller side the buyer side is going to be Southeast Asia other nations I'll just make up one South Korea South Korea might come forward and say well we like to buy at least half of the oil from the Gulf region in RMB terms because we want to diversify out of the Treasury bonds in our banking system and we'd like to have more Chinese bonds because they're neighbors and we're doing more commerce with China so we want more Chinese currency and we like to hold government bonds good so other nations like South Korea NEA could be other little Nations like you know Singapore who who knows they're going to come forward and say we want to hold less of Treasury bonds and we want to buy more Gulf oil in RMB and hold more Chinese government bonds okay so the buyers and the sellers are both going to climb on to whatever the Chinese set up with the Saudis because the Saudis have competitors and the Chinese have neighbors didn't for me I'm dealing with I deal with us every single day on my throat I'm doing okay but it's just a dry recipe throw it every day okay so this is very big and Aramco plays a piece in it because the Chinese might use it as leverage and they might prevent the Saudis from losing face with declarations of fraud and a failed IPO very important so the Chinese might enter the Arab room on a white horse and help the Saudis out and I guarantee you if they get involved with Saudi Arabia with oil sales they're going to start influencing on the diplomatic level and try to bring down this intensity of war crimes in Yemen correct right Jim in regards to that you know when you take a look at the Saudis actions in in Qatar do you think that that was green lighted by the Trump administration or at least an advance notice of what their intentions were I I don't really know I think the United States I'm not really sure that the direction of your question there is it is your question does the United States understand everything the Saudis are doing well specifically I in terms of because I think in part exactly what you just stated is watching a huge Saudi pivot away from the United States to to to China and in regards to the the IPO and the purchasing that is probably further going to escalate the events in terms of the demise of the petro dollar and and and the dollar itself yeah I think the actions toward Qatar by Saudi and UAE indicate very clearly that the petro dollar is dead not that it's you know getting weaker it's dead it's dead and further is the OPEC meetings recently and the Accord that they had with you know the Arab men wearing robes in the same room I hesitate to call it an Arab meeting I mean an OPEC meeting an OPEC conference it was more like former OPEC members wearing robes showing up in the same room they made an agreement and they've not honored it OPEC is dead I've been calling OPEC dead ever since September of last year when they had a meaningless meeting in Vienna I to try to reduce output making a court and it failed so now they make it a court and they don't honor it what is that progress I mean come on OPEX dead it's been dead for a year and now the targeting by Saudi and UAE of Qatar is very historic just just start with the fact that the United States military has a huge base as a central command control center there so what are they gonna do overrun the country kick out the Emir when they have a deal with the US military okay maybe they were hoping that the US military would engineer a crew of the Emir in Oman and it's just not going to happen they're not going to happen I think Kuwait I'm sorry I think Qatar has way too many strong connections outside of its country outside of the Arab world has Chinese connections with trade has Russian connections with LNG trade has German connections with LNG technology has US military presence guitars not go to bend what you're going to see is the Saudis are going to bend they're going to bend so far over that they're going to have to lift their robe and show their hind ends I don't know exactly what the US and Qatar have agreed to but it seems like it's a giant nothing that the u.s. is asking of Qatar okay have all this pressure on Qatar all these foreign connections showing Qatar including multi-billion investments in European companies what is the message from the US to Qatar nothing what's the message of the US military to Qatar nothing okay a very loud nothing CJ so the u.s. tolerance what we're not tolerant of Saudi actions we're complicit with their military actions but when it comes to the attempts to isolate and blame Qatar for being terrorists I don't think the United States played any role at all the Saudis were on their own and they went off on a wild spree and have been called on it now they're backing down that the Saudis are a disgrace they're liars in the oil world their war criminals in Yemen and and it their fraud Kings with the Ramco they're liars for the longest time and no vengeance that the joke is on them okay I'd like to mention just just briefly in closing this particular topic that the Saudis have been running absolutely gigantic trade surpluses based in oil sales for 40 years yet we're led to believe they have a mere hundred and sixty billion dollars worth of Treasury bills Treasury bonds total US Treasury you had total US government bond holdings I don't think so now it's more like three to four trillion I mean can Americans do math anymore can you multiply 30 years which is 360 months can you multiply that like you know even a simple hundred billion dollar trade surplus from oil in a single year three to four trillion so where is it the tick report the Treasury international capital report it had a nice little deception in there for the longest time like three decades two decades they called it OPEC oil exporters and they put the treasure bond holdings in that category but last year we decided to separate the Saudis well why was that I have a simple explanation because the petro dollar is dead the Saudis have three or four maybe even five trillion and Treasury bonds and I think part of a scummy dirty deal set up by Kissinger as the Rockefeller agent with the Saudis was you sell oil in dollars and only dollars we will require the whole world to do the same and your bank reserves will be loaded with Treasury bonds that you will not dump so you receive Treasuries for your oil and it never gets converted out of dollars it stays in your banking system that's going to be called the petrodollar system and on a little side deal we want you to buy boatloads of US military weapons and we will make sure that you have conflicts all over the place okay that was the petrodollar deal okay that's all pretty much dead but part of that deal was you must fund the US Department of Treasury exchange Stabilization Fund you know we need we need you know many years several years to get the first trillion in there and it's going to be Saudi property Saudi asset but it's going to live and stay under US government control with the Department of Treasury and the exchange Stabilization Fund which has its mitts in just about every major financial market bonds stocks included both in the last two years the Saudis have come to realize that there are three trillion dollars in treasure bonds they will never see again it's too important as the core for the US government's control center of financial markets it's worse than that all that UBS Swiss bank criminal charge nonsense all that credit Swiss bank criminal nonsense all the US government fines and Hill fraud charges and income tax dodging charges and Iran sanctions violations are jiz for UBS and Credit Swiss it was all smokescreen I asked the same question as before since when does US government have jurisdiction over Swiss banks they don't so the Swiss are complicit what were they doing what was their project very simple get control of the Swiss banks control the bullion banks and steal Arab gold so for the last three years we've been sequestering and holding forever the exchange Stabilization Fund of three trillion Treasury bonds and stealing the Arab gold probably on the order of a thousand tons so the Saudis if they have their eyes open or realizing the u.s. is not a friend anymore we're victims of their pilferage so maybe that explains why they're attacking Qatar that has a government US military facility there if their action against Qatar could be an admission that they know the Americans are not their ally anymore which makes the Trump visit and the billion dollar golden sword all the more ludicrous Boyle boy I mean every single US foreign policy initiative is an utter joke and failure full of lies deceit pilferage and weapons men where are my simplest explanations of the weapons deal with the US and Saudi with so that the US could resupply Isis I mean this is just ugly stuff CJ yeah absolutely and in regards to that look talk a little bit around the domestic dollar go back trade currency what does that look like and how will that affect America Jim you mean the new scheisse dollar the domestic only dollar correct yes I gave it the name new scheisse dollar back in 2014 I kind of chuckle every time I see it in some financial analyst essay or our other you know public piece if it's a new dollar it's not going to be connected to the old dollar and it's a scheisse dollar because it's going to be recognized as a third world currency scheisse is German for not just shit but garbage rubbish flotsam jetsam you know it just just discarded goods discarded crap that that's German scheisse so the new scheisse dollar okay let me let me explain how I think it's going to come to be if you look at the global reserve currency and that whole structure has two sides this is what the dollar is it's a global reserve currency and when it gets used it's used as the global currency reserve and it's the US economy's currency no other currency in the world has both distinctions for a little while the Euro did the euro was in banking systems as reserves and the euro was used you know for instance by Saddam in oil sales so now that got halted quickly as the nation was declared a terrorist center and got it made it under false terms the global currency reserve status and structure has two sides trade is settled in dollars starting with oil which is the biggest item in international trade so oil sales in Treasury bills grain cement coal container vessels they're settled in Treasury bills international consulting contracts like between say India and Saudi they're settled in US dollars also so international trade is settled in dollar payments that's one side the other side is banking reserves and asset management take for instance South Korea I like them they're a good example they're not the biggest player in Asia but they're a significant global exporter and then they have surpluses their banking system is predominantly Treasury bonds and I think they're making moves toward Chinese government bonds and maybe quietly toward gold bullion but who knows someday we might know usually those details and data are kept as trade secrets the point is banking systems in individual countries around the world are dominated in their core assets by Treasury bonds that's the way things have been now for 30-40 years so if a country like South Korea wants to pay for a big oil shipment coming from the Gulf or any one other country they quickly convert to Treasury bills and pay in dollars but in Treasury bill form try to build just a short term Treasury look at what the US controls u.s. is much more in control of financial markets and military so financial markets can dictate the value of the Treasury bond just look at QE look at derivatives like interest interest rate swaps and they can they can bring about just about any bond yield that they want on the 10-year Treasury anything they want so movements this is a joke of mine but it's based in fact any movements in the Treasury bond are the result of desires from insider trading so they decide they want the the 10 year to move from one point eight to two point six in the next six months so they put on their trades they've put on their big shorts they put on their tnx trade to put on options they put on futures and they put on futures options and then they let it move according to how they push it okay so the point is that the West with the United States controls the financial markets they control the banking centers it controls Swift movements you know bank transactions country to country bank to bank so if the East that is not in fully in favor of the dollar anymore once to flex their muscles and bring about changes they're not going to do it in the financial markets with the gold price of the Treasury bond price or the SP or the Apple share price or the Google share price called alphabet now that's just a conglomerate that includes Google so what would the Asian and Eastern nations use to change the status quo and the dollar with its global currency reserve status they would use trade payments and they would start to rumble and say well you know we got a deal with China and Brazil and what I can use the dollar we're going to use RMB and Brazilians are alright with that and they're going to just have a little bit more RMB usage in their banks and of course the United States can reply by saying are you're going to have another small airplane crash it might be a central banker this time tell the US crates with all plausible deniability on the murder okay we're using murder and war to defend the dollar it's really quite sad and pathetic and tragic so the eastern nations are saying we're not going to use a dollar as much anymore so Russia and China have a huge they call it the holy grail energy deal back in 2015 it's continued it's not off track it's moving along pipeline construction LNG construction and the Chinese are buying Russian oil and gas and paying for it in RMB they have D dollarized that was one of my other forecasts in 2015 with the Ukraine war I said look for the Asian the eastern hemisphere generally to get off the dollar payment system in trade to D dollar eyes and they'll have an impact on their banking system when they realize they don't need to hold dollars they're not going to use dollars in trade payment okay so the Eastern nations are going to use their industrial power which is not minor anymore and as Howard Cosell would say it's not insignificant anymore the eastern nations with the BRICS and the emerging market nations have a significant not a dominant but a significant industrial output now they have a significant total GNP now GDP grew you know economic size and they have a very dominant population size you know hey time you include China and India you got over 2 billion in those together just to start off with massive massive so the eastern nations are going to use the trade weapon to displace the dollar as it as a global currency reserve and I think the starting point as I said before is going to be the Chinese paying for Saudi oil and RMB and the other Arab nations are going to accept RMB and the other Asian nations are going to choose to pay in RMB that's a handful of nails in the petrodollar coffin when that happens the United States masters are going to have a wake-up call and they're going to experience a shut door a little more often it's going to sound like this we're an Eastern producer we export to the United States and we no longer wish to receive Treasury bills in payment and the United States are going to say well we're going to shove them down your effing throat and if you don't accept them Korea we're going to have a terrorist incident in Seoul your capital and we're going to blame it on Muslim terrorists which we will hire and the eastern nations are going to say okay but we want some non paint non dollar payment and compromises will be worked out and eventually what you're going to get is more and more nations are going to refuse the Treasury bills and less and less volume internationally for us imports are going to be conducted in Treasury bills and eventually the United States is going to realize we don't have the luxury anymore of this global currency reserve we need something to guarantee imports to the US economy because we're getting besieged by 30 different countries who don't want the Treasury bills any longer and you know we don't know how long we can fight them off we don't know how long we can threaten them we don't know how long we can you know win compromises but the trend is clear the Treasury bill is going to be accepted much any longer and then you start to see the shortages in the US economy the supply line supply chain shortages because plenty of countries will just not accept the Treasury bill they're going to look to export to China instead they look to export to Iran instead they're going to look to export to eat India instead and they're going to be just fine with those countries in RMB trade payment and the US government maestro's are going to conclude we need a new dollar we need a domestic only dollar that does not serve the dual function of global currency reserve for trade payment and bank reserves in foreign countries we need a domestic only dollar now don't get confused by the name of domestic only it's just a label what it means is it's the country's special currency and it's not used by any other country and it's not used on an international trade tables either but there'll be plenty of new scheisse dollars that are in hands in Mexico in Europe and London and Canada but it's going to be the domestic only dollar it will be used to guarantee US imports and to reduce the supply chain shortages but when it comes there's some that are saying that the Chinese and Americans have an agreement that's been in place now for a couple of years the Chinese have told the Americans prepare prepare for your new dollar your domestic only because the dollar that's floating around in global circles cannot be used as your dollar anymore inside the United States because you're not paying your bills you've got a credit card that never has a reduced balance and the balance now is over 20 trillion and what they're quietly saying is we don't want your your dollar to be used internationally when you're using it to fund you or militaries you're attacking countries that are Treasury bond investors and the u.s. in the last two or three years had a very curious intriguing response okay we'll fund a military arm with mercenaries and we'll pay for it with heroin what's the name of that CJ yep Isis Isis and we'll have plausible deniability and we'll fund it through Saudis and we'll arm it through Saudis and UAE and we'll have the Mossad and Israel manage things and for the longest time the United States use the ankara turkey US embassy as a command and control center for all isis military logistics but something went wrong and the turks decided that they didn't like it anymore so the turks were not our friends anymore and we try to direct a coup against their country it failed and the russians came in and saved arrogance hide and his family so now you're seeing lots of turkish russian deals including the Turkish stream gas pipeline for Gazprom which is a workaround to get around Ukraine oh my gosh another built-i so I got off the track the United States is going to be forced to come up with a new domestic only dollar a new US home dollar and the talk between the Chinese and Americans was that it had to be devalued by 50% right away and what I'm hearing from my contacts in the US government was that a compromise has worked out where there would be too rapid 30 percent evaluations of the new scheisse dollar let's do some simple devaluation math it's really I'm grateful to a couple of client suit who actually sent me a contact us email to make it so simple from my mind if you do a 30 percent devaluation you're preserving 70% of the value you do another 30 percent devaluation you preserve 70 percent of the 70 percent in other words you preserve 49 percent there's your 51 percent devaluation I'm thinking that we're going to announce a 30 percent devaluation out of the gate for the new scheisse dollar and we're going to mix it in with some form of account confiscation bank balance we're going to lie about the second devaluation we're going to say no no it's going to be fine now to be it'll be the 30% devalue and that's going to be you know it for a long long time and I have three to six months we'll be another three percent devaluation because of necessity mmm right okay here's the other lie us is going to say this currency is sound it is loaded with integrity it will have global confidence because it is backed by gold and other resources like oil but the gold is the deep storage gold myth once again Fort Knox has gold but I'm told it has one or two barrels of coins valued somewhere under two billion okay all the Fort Knox gold once it was there 87 hundred tons was worth on the order of 400 to 500 billion dollars that's all gone okay so the gold will be the fictitious falsified deep storage gold bullshit and what will the oil be well they all will be real but it just won't be much in volume I did a simple napkin math calculation and came up with the Strategic Petroleum Reserve CJ was worth a cool 7 billion dollars so if we have a trade deficit of 500 billion we need 70 strategic petroleum reserves to forfeit okay so up other simple napkin math is if you take like a 1300 dollar gold price the five hundred billion dollar trade deficit translates to over ten thousand tons of gold every year amazing so would you think that it it's an appropriate name to call the new Schiestel or a third world currency basically yes basically all right now we've got the underpinnings of the new scheisse dollar we got its usages we have its phoney backing or inadequate banking backing inadequate and phony backing what will be the consequences it will be a severe price inflation sudden for all imports that Toyota car there was twenty five thousand no it's it's a little bit more now it's like you know if you have a 30% DeBell it's about a 40% increase in price so I think of it as twenty five thousand finish with ten a 35,000 dollar Toyota instead of twenty five maybe 35 36 37 thousand dollars instead of 25 and what's going to be really interesting is that we're going to hear a lot I mentioned this in other interviews we're going to hear a lot about by American I mean now that we have our own dollar let's buy American and help reduce the trade deficit but the problem is so much more thorny than it sounds imagine just you know the big three US automakers well for the longest time especially under Iacocca Chrysler was bringing in a lot of Mitsubishi engines correct yes so the debate is going to be over buying American cars and then the problem revealed will be all the foreign made components that are subject to higher prices I'm not certain but I believe for has the lowest import components if that's true I'm not certain that if that's true Ford will see the lowest increases on its prices from the new scheisse dollar and if chrysler is still importing a large amount of components then chrysler cars will see the biggest price increases as a result of the new scheisse dollar introduction now turn to agriculture food supply when I was a kid the United States was importing a very small like 10-15 percent of food in other ways it was kind of like cool stuff like you know coffee from Colombia and you know Chili Peppers from Mexico jalapenos okay fine when I was in graduate school I used to notice oh my gosh look at that here we are in January that's a funny-looking tomato and look closely in this little little stick runneth saying from Chile and then I started reading Wall Street Journal and Barron's a little bit more when I was in my first job in the 80s and I realize oh my gosh the United States is very close to importing 50% of its food and now we're importing more than 50% of our food so the food general food costs good we'll see a near doubling not I'm sorry let me say that let me say that differently I got that wrong the food costs that are subject to imports will see a near doubling and the general food bill will see a roughly 50% increase because tomatoes are coming from South America onions are coming from Mexico the new Schiestel took a 30% hit versus all of them and everything we import cost more now mix your shopping basket with all those import items with the domestic produced items it's about half half so the impact would be about half on the new scheisse dollar devaluation oh my gosh you're going to see price increases everywhere at the same time many countries that broke away from the US on exporting to the US because they were bickering over the Treasury bill they didn't come back so you have some supply shortages price increases supply shortages and riots that's going to be social disorders a nice with the press likes to prefer putting it no they don't like say riots in America come no they're going to say social disorder from angst over increase in prices that are going to all be Russia's fault the dog ate my homework crystal Russians fault yeah right take a closer look at the Russians fault you find the Clintons fraudulent activity and bribery and the Clinton Foundation fraudulent activity with murders all all lengths with Russian activity not the murders just the activity mm all right so the impact of the US consumer are going to be gigantic they're going to be told it's going to be a salvation the reality is it's going to be an open door to the third world big price increases in noticeable shortages and where will the riots take place at the gas stations at supermarkets for food and the ATM centers for cash because there will be less cash agree I completely agree Jim in regards to that in terms of this this this world this world that's being completely rearranged away from the US dollar and in your opinion is that what we're witnessing in terms of the deep state in regards to to trump and will trump what what will they use is a reason or an excuse for this happening obviously they're not going to take responsibility for the demise of the dollar will there be escalation in North Korea perhaps Ukraine Assyria flare-up what will they blame this this on well to begin with the deep state is pushing the US government I in a way to try to bring the rest of the world the heel bring them under command put them on a leash and one country after another starting with the East said no and now Germany in the West is saying no so my catch phrase is if the US government is going to begin to sanction a lot of different countries and the result is that they're going to sanction pretty much the rest of the world and win isolation if the Germans embrace Russian war with trade finance and development you know technology sharing that sort of thing it's going to be a blow to the US the Germans are going to say well you know with all the actions that are underhanded and heavy-handed and all the nonsense from Washington we're going to do less trade we're going to tolerate less trade with the United States because we're going to make up for it with China and Russia and the East Eurasian trade zone the development of Thailand the development of Kazakhstan okay these are not countries in the wall street journal publications the us is going to win isolation by continued pressure and trade sanctions the u.s. going to win isolation by conducting the deep states agenda of chemtrails GMO seeds fracking of oil and lace vaccines and when the failure comes that's going to be most noted with the new choice dollar the United States is going to need a fall guy they're going to need a scapegoat they're going to need the blame game to go into hyperdrive and I think they're going to blame Russia China and Syria Syria is going to be the fall guy for the Arab world I mean it might be the Saudis that betrayed us but we're going to blame Syria now as for Trump you know this is going to sound like a very funny statement to make but I'm just going to say it Trump is becoming more and more an irrelevant figure as the days pass as the months pass you can focus on you know the Trump Russia connection all you want but all you're doing is proving your idiot the connection between Russia is with the Clintons and the Clinton Foundation the bribe money the trade money the Iranian deals it's all with Russia and the Clintons so if you want to focus on Trump and Russia you're proving you're an idiot you're proving it you swallow the nonsense of New York Times and CNN factories like a moron now is the deep state moving against Trump I don't know I don't care when the Trump administration announces something I used to be in favor of Trump when he got elected because he had a pretty interesting agenda and I don't see a single item on his agenda being followed I do see potential traps built by Trump so that his enemies would fall into them and if he is in control of those traps and designs those traps then my hats off to him as a very clever move if he if Trump for instance wanted to defuse the Russian factor by pushing Germany into closer trade unity with Russia then he's a master tactician but I'm not sure whether there was a trump active action or a passive action and I don't care I pay less and less attention now the Trump and the administration and decisions made just like I did with Obama Obama was an irrelevant mouthpiece for the deep state he never made a decision his Obamacare was an insurance company sector devised ploy I don't pay attention to the Trump administration okay when you have all these shuffling of people in chairs and posts and the only thing I pay attention to recently is how the Department of State seems to have been dismissed by Trump I don't mean one or two I mean the whole damn lot and now it seems like we have a hidden department of state that doesn't report to Congress anymore I mean the US government's becoming a joke I don't pay much attention to what the Congress does because it usually is centered on Russia which has been proved not to be dealing with Trump but to have been dealing with the Clintons correct yes so the Congress is irrelevant the Trump administration is irrelevant the Saudi arms deal was irrelevant nothing that either the executive or the legislative branches do is relevant so I'm paying more attention to important things like the Saudis winning the right to pay for so I'm sorry the Chinese winning the right to pay for Saudi oil in RMB I'm looking at important things like the Germans moving closer to Russia and ignoring sanctions for me I'm looking at important things pardon me I add the coffee jam I'm sorry no go ahead yep and it is rent that out you just answered to Obama I completely you know agree in terms of that he was just a figurehead and and you look at his actions they were completely decided you know by ax but you know with Syria everything else involved Jim and in terms of you know your your thoughts your any closing thoughts you'd like to share you know with our listeners I just want to kind of open the floor for you to discuss anything else or any closing thoughts please I have some closing thoughts regarding gold and silver as it relates to the new scheisse dollar and as it might relate to the new crypto currencies not so new anymore they've been around for several years when the new scheisse dollar comes into play it would be quite clear that there's a void in the global currency structures for instance people are going to start asking what's the backing of the ruble well it's probably their oil industry but they also have significant gold reserves that they've been lying about they have a lot more than they claimed when people ask what's behind the Chinese RMB currency the yuan people are going to say well it's their industrial sector and it's quite significant it's their you know their demand center from the growing middle class the middle class is bigger than the United States population the Chinese have more people with the name of Chen Sheng Wang Chung and sang-ok all derivations of the named Chen which is a derivation of the word King they have more derivations of Chen then there are American city okay the backing of the Chinese currency is their industrial sector their middle class and their gigantic gold reserves which they've been lying about the Russians the Chinese each have over 25,000 tons of gold they're not going to tell us how much they have Chinese did something very clever a couple months ago they said they're going to shut down marginal gold mines and begin to import more gold no let's translate that the Chinese are going to continue with their gold mining but the central bank and the sovereign wealth centers and the elite are going to buy that domestic gold production and take it off the market and force more imports to help break the Western stranglehold on the gold market okay there any more questions about what's going to be behind the euro I was just told by a good reliable client that what I had been describing as a Nordic euro is starting to come into view but it will not be the Nordic euro it will be the countries be that I thought were going to be behind the Nordic euro namely Germany Austria Netherlands and Finland they're all printing up their their old currency they're going to print they're printing up currencies to replace the euro they're going to adopt their old currencies the Germans are printing new Deutsche marks and the beauty of this and the link with the old my claim back in 2011-12 of the Nordic euro coming to pass I thought it's going to be a gold back Nordic euro with those same four countries but instead what you're going to get is those four countries are going to revert to their own currencies and they're going to link themselves together and the indication this is confirmed by the same source the indication this is not you know rock solid is that those four countries are going to link themselves together with the future expectation of backing those forth for currencies with gold and they're going to create a central European monetary union it's for central Europeans and their stable economies excluding the pigs excluding Portugal excluding Italy excluding Greece excluding Spain gold will be behind it eventually I think the Chinese are going to announce a gold-backed rmv currency and the Russians will be right behind them a go back ruble while they're not using the dollar and trade payments or banking any longer so this multi-year I hate to call it a bear market but decline from the 1900 level in 2011 which was largely engineered by the Swiss with their Swiss franc euro peg and the hidden component it was really a Swiss franc euro and dollar triangle peg the punished gold it wasn't just a franc euro peg and 120 it was a franc euro dollar peg that worked to bring down the gold price okay that's going to be reversed the Swiss are now in such deep shit they're holding way way too many euros in the Swiss National Bank the Swiss are holding way too many US stocks they thought they'd get some appreciation not not hold a dead asset like the Treasury bond who a dead asset now it's not only dead it's toxic if I were to say to you back in the 80s CJ there's going to come a time in the future when the US government is running trillion-dollar deficits hohoho what a joke Jim that'll never happen yes it did and they're going to print money to monetize it and call it stimulus with quantitative easing which is what the Japanese did ho ho ho that will never happen in the United States what's happening it's happening now and there's all kinds of deceit fraud at work to support the dollar and war to support the dollar false cause of war with Iran I mean Tony Blair in England is now in hot water for the whole false cause of war for Iraq 2003 and let me make a couple last closing comments um I am no expert in the crypto currencies with Bitcoin etc you know if there am and all these I'm not an expert but I have begun my little project my little education process I have invited three or four smart colleagues and clients to assist me and to engage in conversation and pass information pass me a video pass me an article pass me an interview like with Nick Szabo who is a principal player in the development and the design of cryptocurrencies with encryption and smart contracts etc I'm going to include them the cryptocurrencies and development and impact with both finance and economics no commerce I'm going to include them in the Hetrick letter starting this month but let me say this the crypto currencies are are decentralized and the Rothschild central bank system doesn't like that the crypto currencies allow for passage transfer of funds across borders without approval or ferrymen fees by the central banks and the Rothschild central bank's us doesn't like that the cryptocurrencies are finding themselves more lodged within the blockchain which is essentially a very secure and stable linkage of contracts and activity and payments that has the potential for I would say completely but virtually eliminating fraud and eventually we might see soon the Chinese announcing a gold trade note you know gold put up as equity in on margin to facilitate a payment for say oil from the Gulf region and the gold trade note will have gold put up as its core and the big question remains is where is the gold going to exist who will control it who will assure its existence who will manage the equity placements etc a lot of questions but I think gold is going to find a marriage with the crypto currencies I have a big question when a coin is mined for Bitcoin where did it come from and I hear electronic work that's fine because electronic work is a whole lot more valid then where did that new dollar come that the Fed just created exactly it came from a keystroke on a computer approved by the central bank head and the board okay well as far as I know we haven't created 24 trillion dollars in crypto currencies like the Fed created in oay two no.9 for the Fed owners at near zero percent to buy up the global assets after they crash the system so cryptos fare much better than existing currencies and they're exciting I find the whole block chain to be exciting and one of the really good examples I have of where the blockchain might have been a tremendous enhancement it is for the mers M ers it's the mortgage electronic registry system that was used as a title database between 2001 and 2008 when it crashed the whole system crashed with a merged title database was where okay then they give an example Morgan Stanley created a mortgage bond and they wanted to use the secure stream from 100 mortgages so they appeal to the morgue the ners stream grab the titles off the hundred mortgages put those into the mortgage bond declared bond and everything was happy and everything was fine and they sold the bond on the market and the brokers made their nice fees and another bond was born but unfortunately Goldman Sachs made another mortgage bond where of those hundred that were on Morgan Stanley's 30 also appeared in Goldman Sachs and their mortgage bond so they use duplicate fashion the income secured stream in fraudulent fashion okay if MERS has been set up as a block chain for a secured string of contracts and title securitization and payments the fraud would have been discovered in a matter of days instead the MERS fraud turned out to be a multiple trillion-dollar fraud that helped bring down the Western banking system okay blockchain would have put out of business the fraudulent mortgage bond brokers in Wall Street this is the threat come the blockchain and smart contracts with the tokens behind them I'm not an expert in this but I'm getting more exposure and knowledge and I have a lot of questions still on getting help I admit my shortcomings but I claim a little bit of knowledge now after not a whole lot of time of learning but learning from smart teachers okay if the blockchain with smart contracts and encryption and and you know logged in payments if all this can be created and get adopted and thrive and spread we're going to see a gigantic threat to the fraud masters in Wall Street banking and finance this is what they fear they fear honesty integrity and the building of the magic word trust because there's no trust in Wall Street there's no trust in the bonds whether mortgage bonds include fraudulent car secure streams for loans there's no trust in Treasury bonds with the fabricated bond demand coming from interest rate swap derivatives there's no trust in the dollar that's why the eastern nations are working out alternatives forcing the u.s. to come up with a domestic only dollar so I think we're going to see a marriage of some of the commercial methods and platforms in blockchain and crypto currencies a marriage with precious metals and the reason is simple sound contracts honest contracts are going to merge with sound money and honest money this is coming and you know anyone who thinks oh gosh I got to get rid of my gold it's done nothing recently cowboy your timing just could not be worse we have now many currencies that are in breakout mode in a minor way breaking north of a downtrend all five bricks currencies Brazil India Russia China and South Africa all five of their currencies are breaking north of a downtrend that's amazing because you know little South Africa what a little shit country that's turned out to be under what's-his-name Zuma yep what a joke and what a joke India has become with their pressure to monetize the temple gold with their attempts to abolish cash just you know unilaterally abolish the high denomination rupee currency bill and declare it worthless my god and just amazing it that Modi their prime minister is still around okay so the general comments c.j art are that the changes are coming very rapidly and so are the breakdowns take a look at cliff high and his uh oh gosh what's the name of his uh I can't think past human of yet half past human his linguistics analysis it's not so much forecast as it is dominant themes that are appearing and they're meaningful that make them forecast that could be sidetracked he's now just getting on the stump saying we've got breakdown everywhere you turn it's in the Linguistics it's in the language of the internet and email okay so the breakdowns are happening the financial breakdowns are happening the market rigging is still very strong but it's breakdown I think will happen and the winner is going to be gold sound money and silver sound money whatever happens would go so we will tag along whenever gains gold has Silver's going to at least double the games so gold goes up you know 40% in the next two years servers going to go up 80 to 100% these are exciting times CJ and we're just we're just starting now the big moves in the paradigm shift now paradigms not just a cool world with cool word with a silent G it means that the reset the global currency reset is coming the global paradigm shift is coming it's very near it's not years away it's months away the global paradigm shift is for the east to take its place in global leadership with banking finance economic and industry big changes are coming and with the changes the u.s. is going to find itself more isolated and at the risk of falling into the third world if they don't do some things very rapidly and effectively namely reindustrialize the most suicidal event I've ever seen in my adult life watching economics has been outsourcing of US industry I said back in the late 80s the good friends of mine we're giving up legitimate income what are we going to replace it with I heard everywhere the finance sector is going to become dominant financial engineering how'd that turn out it broke down with fraud and and just asset bubbles that burst everywhere okay well thanks for having me on CJ and I hope people can go to wwas comm check out the free area it's the main htl page and there's a lot of other interviews links to them public articles links to them but it's the home of the hat trick letter that comes in the form of two monthly reports the global money war report and the golden currency report and uh I hope people go there and sign up for the newsletter because we are on the cusp of unbelievable powerful changes that have been building and have been interrupted by things like the Ukraine war and the Syrian war the longer those wars are in a standoff the closer we are to realizing the major global paradigm shifts couldn't couldn't agree more show Jim want to thank you for a wonderful interview and again this is CJ with rogue money and joined today with a Jim Willie so a great interview Jim and appreciate your time okay it's been a pleasure and thanks for having me on thank you
