by Greg Hunter USAWatchdog.com
Recently by Greg Hunter: Budget Deficit Exploding OutofControl– JohnWilliams
Dr. Jim Willie of GoldenJackass.com says powerful forces around the globe are working to do away with trading in U.S. dollars because of massive money printing by the Fed. Dr. Willie says, u201CThe world makes a reaction, and what they have done is create, slowly but surely, a U.S. dollar alternative for trade.u201D Dr. Willie's sources say precious metals will be used to back a new currency and predicts, u201CThe gold price will be $7,500 to $8,000, and silver will be between $150 and $250 per ounce.u201D This will be a disaster for U.S. Treasuries, and Jim Willie says, u201CAll these Treasury Bonds will be sent back to the United States where they can choke U.S. bankers . . . they cannot refuse them.u201D Dr. Willie predicts u201Cthe economy will implode,u201D and he says, u201CI don't believe we're going to see garden variety powerful inflation. I believe, instead, we're going to get large widespread cut-off of supply chainsu201D as foreigners simply stop accepting the dollar. As far as dollar assets inside the U.S., expect widespread confiscation. Dr. Willie contends, u201CWhen the losses from the debt write-downs come, I see tremendous national wealth lost because private accounts are really just bank assets.u201D Join Greg Hunter as he goes One-on-One with Jim Willie, Editor of the Hat Trick Letter.