While the #FederalReserve has yet to fully explain what the problem is that's requiring more printed money than during the quantitative easing programs, Jim Willie, editor of #TheHatTrickLetter on #TheGolden-Jackass.com, has been forecasting it years in advance.
He's been explaining why foreign countries are walking away from the dollar, and why the system is finally breaking now. And fortunately he was kind enough to join me on the show and share how we got here, and some of the stunning details about what's coming next.
He discussed why #Russia sold its #treasuries last year. Why they reallocated into gold. And why as a result the US has now begun directly monetizing its debt.
As well as if #China really has as much dollar and treasury exposure as we're led to believe, and why the world is repudiating treasuries and acquiring #gold at the fastest rate since the dollar left the #goldstandard in 1971.
A lot of what Jim has been forecasting for years is finally manifesting now. And to be ahead of the curve, and the rest of the #market, click to watch the interview now!
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.