Monday, September 9, 2013

Jim WIllie: U.S. is going to have to split and devalue the dollar for separate foreign and domestic use

Dr. Jim Willie, statistician, economist, and publisher the Hat Trick newsletter, spoke in an interview with USA Watchdog on Sept. 8 regarding the G20, Syria, and the status of the coming alternative currencies.  In the interview, Willie noted that not only is the world isolating the U.S. in regards to their foreign policy agenda, but they are forcing the U.S. to have to adapt to a new currency system where they will no longer have global control in a petrodollar.  This action could also mean the U.S. having to split their debt backed money, which would lead to a devaluation and massive rise in inflation at home.
This split would entail there being a dollar strictly for domestic use, which would bring instant inflation to American consumers, and an international dollar that foreigners who hold dollar reserves can deal with outside of Fed monetization.
 

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