Dr. Jim Willie: The U.S. Will Lose Global Reserve Status, Expect 80-90% Devaluation of the U.S. Dollar
In the following interview with the X22Report Spotlight report, Dr. Jim Willie unleashes with both guns blazing on a subject I’ve been warning about for about for over two years now, which is the loss the U.S. Dollar’s status as the World’s Global Reserve Currency.
For the simple fact that no one under the age of 70 has never known a planet earth where the U.S. Dollar has not been the World’s Reserve Currency, most Americans in particular have no idea what it will mean when we lose that status.
The subject is not one that is taught in schools until well into the graduate school level in most cases, so unless a person has done independent research on the subject, the average American cannot comprehend how painful it will be for individual American families not IF, but WHEN the inevitable finally happens.
Losing the World Reserve Currency status is a process, just like losing the world’s faith in the U.S. was a process. Both are processes that have been well underway for the better part of the last two decades, especially this past decade. Roughly ten years ago, 75% of global trade was denominated in U.S. Dollars, and that makes sense. After all, we’ve been the Reserve Currency.
Over the last ten years, that figure has dropped to roughly 35% of all global trade which is now settled in U.S. Dollars, because countries are rushing to distance themselves from the U.S. for many of the reasons Dr. Willie outlines in another interview from earlier today titled, Dr. Jim Willie: Unprecedented Bond Dumping Means U.S. Dollar Collapse Ahead.
DO NOT MISS: Dr. Jim Willie: Unprecedented Bond Dumping Means U.S. Dollar Collapse Ahead
The bottom line is this: The U.S. has grossly abused its privilege of being the World Reserve Currency, largely because we’ve adopted the practice of monetizing our debt by printing money out of thin air. Giving that process a fancy name like Quantitative Easing, doesn’t change the reality of what it is. We print money out of thin air, and rip-off every country we’ve borrowed from when we pay them back with Dollars worth less than the ones we borrowed.
Now, the world has lost all faith in the only thing that backs the U.S. Dollar in the first place: The Full Faith and Credit of the United States Government. In the interview, Dr. Willie gives a BLISTERING account of what to expect. He begins the first 30 seconds of the interview by explaining how once the U.S. Dollar is finished being phased out, a process that as I’ve said is well underway, he expects the Dollar to experience a massive currency devaluation of 30% almost instantly.
DO NOT MISS: Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless
After the initial devaluation of 30%, Dr. Willie expects there to be another another 30% devaluation six to eight months down the road, followed by a long series of 20% devaluations over the next several years, until we reach a point in about 4-5 years when our currency is completely devalued, and worth about 10% of what it is today.
For a country with a trade deficit of over $500 BILLION, and as a country that imports over 50% of our food… that means conditions Americans once considered to be unthinkable here in the United States, will soon become ordinary. Let that sink in for a moment. The unthinkable will become ordinary.
The time to prepare is now. Brace yourself for a very intense interview… one of Dr. Willie’s most intense ever!