Title: AN ARMADA OF BLACK SWANS -- JIM WILLIE Source:
[None] URL Source:https://www.youtube.com/watch?v=sSYcHKw2XWM Published:Apr 10, 2019 Author:JIM WILLIE Post Date:2019-04-10 01:23:08 by Horse Keywords:None Views:23
Poster Comment:
Belt and Road Initiative is an $11 trillion investment with 100 participting countries. Gold Trade Note is now in use. China's monthly US trade surplus is $20 billion a month. Basel III Rule (BIS). The Saker believe BASEL III is a landmark event. Gold will be counted as a Tier One asset. QE was set up in 2012 to bail out the Treasury Bonds. We will expand QE to cover corporate bonds. GE bond had fallen to triple B, BBB. We have $2.8 trillion in BBB corp bonds will go to Junk over next 2 years. Zombie corporations do not have cash flow to cover debt obligations. They need to go further into debt. QE is monetary inflation.Shadow Stats: Unemployment rate is 23%. We have only had 2 quarters of positive economic growth since 2005. Chapwood Index.8% inflation rate. US economy size is overestimated. It is 22% smaller than claimed. Our trade deficit is now $920 billion a year. If we back the dollar with gold at $1,300 and ounce. That means 19,000 to 20,000 tons of gold lost if we go to the gold standard. To avoid Third World Status: 1) Must pay off most of our $22 trillion in debt. 2) We must re-industrialize.