Jim Willie joins FinanceAndLiberty to reveal the danger created by interest rate swap derivatives. As foreigners accelerate their dumping of U.S. Treasury Bonds and the Fed moves interest rates slightly higher, the interest rate swap derivatives market is coming under strain. When word gets out about the strain in these derivatives, foreign dumping of U.S. debt and movement away from the dollar and towards gold will accelerate, Willie says.
Willie says China is getting ready to move to the “Gold Trade Note.” How will China move to a gold backed currency without killing their export market? Willie says China has to get a critical mass of support, say the entire Eurasian trade zone, to follow suit. If China can get this critical mass majority, then the rest of the world still trading with the U.S. dollar will be in the minority. That’s when U.S. dollar…
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As we near the day when we must all file for our income taxes realize that your tax dollars are literally being dropped out of planes as you read this – and it is being dropped over 8,000 miles away

