Dr. Jim Willie, editor of the Hat Trick Letter on www.GoldenJackass.com, is interviewed in the audio below, where a wide variety of topics are discussed, starting with the recent explosions in Texas, China and Bangkok, with Willie specifically highlighting the explosion in China, just weeks after reports said the U.S. was exploring ways to "retaliate" against China for the OPM hacks.
Willie points out the location of the China explosion, in Tianjin, just happened to be the most "strategic center in all of China," with ties to their banking, military, space projects and tech firms, calling it the "best place to retaliate," on. He also speaks to the images that were published before China banned the images from being published, saying it looked like a nuke went off, saying he believes the U.S. set off a "micro nuke."
A few examples of those images shown below, article continues beneath the images.
Willie maintains that it all comes down to the economy, the US Dollar death spiral, currency and trade wars and that they are not being fought in the traditional manner but that we are already in the midst of a hot war.
Other topics covered in thhis interview below are Willie's interpreation of the stock market nose dive where he states it is " It is game over for sovereign debt foundation for US Dollar," as he points to the recent and ongoing US Bond dump by China to shore up the financial markets.
We are now in QE to Infinity Squared mode. At this rate, China would dump all its holdings in ten weeks. Gulf Emirates have $2.2 trillion in toilet paper assets (mostly in USTreasurys), add in another couple loose $trillion out there and the numbers are big. Games like BLICS doubling the New York QE volume will no longer work. QE has ruined the integrity of USTreasury Bonds. USFed must cover the global dumping of USTBonds (confidence to go next). QE to Infinity Squared precedes rejection of USTBills in trade. RMB to be demanded/required/norm in trade settlement with Eastern export nations.
The interview also delves into the "Silver market disconnect," and what we have been witnessing with premiums and delays increasing on all silver products with acute shortages and suspended sales. On Gold, Willie highlights "German gold demand is twice that of the US, and Eastern gold demand is twice the West. Shanghai gold demand is over 73 tons per week (steadily over 50 tons/wk). India gold demand is up 61% in April & May 2015 (versus same months 2014)."
Towards the end of the interview Willie is asked how bad are the energy sector losses, to which he responds, "One hundred times worse than the common person can possibly imagine."
