- After the emergence of the "sheisse" Dollar, will the Federal Reserve Notes we have today be honored for a time or required to be turned in or devalued along with the new "sheisse" Dollar? ►0:18
- When the U.S. dollar vanishes and is replaced, what will happen to the other currencies of the world? ►4:58
- As physical metal becomes more precious, and the US more desperate, will they flood the market with counterfeit coins? ►8:58
August 15, 2015
In an interview with Jason Burack, Jim Willie says, “The new The new ‘Scheiss’ dollar will probably follow the procedure of the launch of the Euro.
People were given 3 months notice to give their existing paper currency to the bank and exchange it.
I think the new dollar won’t be given that much time, as things are accelerating. When they are are bringing the old dollars to the bank to exchange for the new dollars,
I think that they are going to say “It’s going to be 1 for 1.
And as soon as the procedure is done, they are going to
devalue the Scheiss dollar.”
The Chinese are the biggest holders of Treasury bonds and a year ago, they demanded that the dollar no longer be used as the golobal reserve. It eventually has to be gold, because
You can’t replace one faulty paper system
with another faulty paper system.
It has to go to metal.
I think we are goint to see that 30% that China and the US agreed upon in a compromise. The Chinese said that they wanted te US to devalue the dollar by 50% and the Treasury officials said, “That’s too much! So they decided on a compromise of 2 staggered 30% devalutions of the dollar.
So there you have it. Two 30% devalutaions, which I think the first one happens as soon as people bring in their dollars to exchange, and then they will devalue it in Stage One.
>With a 30% price devalution, you will see a
roughly 42% increase in the price of all imported goods.