- Jim Willie: Russia to Demand Rubles or Gold for Oil, US Dollar Will Decline By 80% in the Next 3 Years!!
The Hat Trick Letter writer Dr. Jim Willie contends that the real problem for the West will be paying for oil and natural gas in something other than dollars. Willie warns, “What’s likely to come very soon is Russia is going to demand either rubles or gold bullion for their crude oil and their natural gas. . . . I don’t think it would be a shock to see the Russians come out and say we’ve got over 20,000 tons of gold, and we are going to back our ruble with gold. Screw the dollar. I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own close to 40,000 tons of gold. They are going to have a real currency and do a real global reset and have a real return to the gold standard and screw the dollar with all its toxic sovereign bonds. One of the principle foundations of the dollar is not gold, it’s the military. We’re seeing it now.”
Dr. Willie predicts we will see a shocking “80% decline in the value of the U.S. dollar in three years.”
- Ukraine-Desperation to Save the U.S. Dollar-Dr. Jim Willie!
by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Newsletter writer Dr. Jim Willie thinks the Ukraine crisis is an enormous struggle for financial power between East and West. Dr. Willie contends, “I believe what we got with Ukraine is an absolutely desperate situation where the U.S. government realizes we have to stop Ukraine from becoming a central transit point for energy pipelines in the fast developing Eurasian Trade Zone. They need to stop the Eurasian Trade Zone because the United States and England are largely going to be excluded. If you look behind the curtain to see what is really going on, I believe this is the third attack on Russia’s Gazprom. It is a giant monopoly that Russia controls for natural gas. The first attack was veiled and it was Cyprus. Gazprom bank was gigantic and it was in Cyprus. . . . Furthermore, Russia was using Cyprus as a clearing house for buying gold bullion. . . . The second attack against Gazprom was Syria. Iran pipelines were to be connected with Syrian ports. . . . There is a war in the way. That’s what the U.S. does. There is a war in the way. Now, we have the third attack against Russia Gazprom. The U.S. and Europe actually believe if they control the gas pipeline valves, they can control the flow on the Western corner (of Ukraine) that feeds Romania, Poland and Hungary. They actually believe if they control the valves, they can control the flow. What if the flow is cut off?” Dr. Willie, who has an earned PhD in statistics, thinks the manufactured Ukraine crisis is an act of desperation by the U.S. Dr. Willie explains, “Have you ever know someone truly desperate, who has no options, that did stupid things? That’s what we are seeing now.”
Dr. Willie goes on to say, “There are so many sides closing in on the United States that it is almost becoming a tragic comedy. . . . These guys are running out of options. When I heard that Secretary of State Kerry made a threat to exclude Russia from the G-8, I said, ‘yeah right.’ That’s going to backfire, and the U.S. will be isolated. . . . I made this forecast about three years ago. I said watch the G-8 become irrelevant and the G-20 take over and China run it as opposed to the U.S. and Britain. That has now happened in the last year or 18 months. We just had a G-20 meeting in Australia, and China just railed on the United States. They said you are living off fumes. You are living off the printing press with no justifiable income. Your economy is a fake. This is getting hostile, and it was in a G-20 meeting.”
The real problem for the West will be payment for oil and natural gas in something other than dollars. Dr. Willie warns, “What’s likely to come very soon is Russia is going to demand either rubles or gold bullion for their crude oil and their natural gas. If they demand ruble payment, it immediately puts the kibosh and sabotages all Wall Street and London intervention games where they are trying to punish Russia by seeing their currency decline. We’re not in the driver’s seat being a big debtor. We’re not in the driver’s seat being a big importer of energy. We’re not in the driver’s seat on anything.”