Jan 18, 2015 SilverDoctors


Jim Willie: Swiss De-peg Triggers Massive Derivative Crisis, Potential END OF THE EURO!
18 January 2015, by The Doc (Silver Doctors)
http://www.silverdoctors.com/jim-willie-swiss-dump-the-euro-go-long-gold/

In the wake of the Swiss National Bank shocking the market this week de-pegging the CHF from the Euro, the Golden Jackass Jim Willie joined us over the weekend for an Exclusive Interview discussing:

    - Willie explains why the Swiss are dumping the Euro in favor of GOLD, and that multi-hundred billion trading losses will result in MASSIVE DERIVATIVE LOSSES & CONTAGION!

    - Swiss actions have brought a HUGE ACCELERATION of end game events-We’re looking at the potential END of the EURO!

    - Swiss have front run the Global Currency Reset & GOLD REVALUATION!

    - $2 TRILLION IN SUB-PRIME OIL BONDS ARE ABOUT TO EXPLODE!  Contagion will be bigger than sub-prime housing crash!

    - Dollar Death-Spike: Fed has LOST CONTROL of the dollar!

    - Coming European bank failures will result in a STAMPEDE INTO GOLD!

    - 2015 Will be a repeat of Lehman- Several Western banks will go down, This is GAME OVER!

    - When Putin flips his switch, the DOLLAR IS DEAD, and Gold Will DOUBLE!

    - GREXIT will blow up the EU!

The Doc began by asking the Golden Jackass his thoughts on the Swiss Franc de-pegging from the Euro:

- tipped off on Draghi EuroCB decision to proceed with QE bond monetization

- Currency interventions are coming to a CLIMAX!

- could be as simple as Swiss bank noticing the physical gold flows

- Swiss act as gold coordinator (see Bank For Intl Settlemt) and guide for refiners

- could anticipate German departure from common Euro currency

- could anticipate Greek Exit and huge shock waves

- numerous factors could lead to widespread European bank failures

Willie made a STUNNING prognosis for 2015- Death of the dollar and GOLD REVALUATION:

- energy trade gradually excluding USD

- key upcoming element is Saudi/OPEC acceptance of non-USD

- US losing control of USD and oil price (Petro-Dollar demise in full view)

- US oil industry at great risk ($2 trillion in shale bond all subprime)

- convergence of Brent & WTexas oil price signal in 2013

- US blocks all reset Currency & Gold market reform

- therefore East will force Gold Standard through trade channels

- Eastern capital development and asset acquisition will be done on USTBond tab

- East led by BRICS are to shun avoid reject the USD

- QE has accelerated all movements to remove the USD from trade and banking

The Doc then asked Will for his take on the upcoming Greek elections- will we see a GREXIT? 

- potential for European bank runs, bail-ins

- ELA is Emergency Liquidity Assistance

- four big Greek banks ask aid

- Syriza Party seeks to abandon austerity and probably the common Euro currency

- debt default likely following EUR 240bn bailout

- EU 195bn debt owed to EU nations = 4% of EU govt budgets

Germany 56.5bn,  France 42.4bn,  Italy 37.3bn,  Spain 24.8bn,  Dutch 11.9bn

- GREXIT     will blow up EU on fiscal side

- Swiss Natl Bank                        on currency side

- USGovt sanctions                     on economic side

- Germany                                    on monetary side

- Ukraine                                      on energy side