JIM WILLIE: NEW GOLD BACK CURRENCY COMING 10-6-2008

From the Toronto Resource Investment Conference, Dr. Jim Willie talks to Al Korelin.

There is a new world currency emerging. It will not include the US dollar and the British Pound. The results will be quick and swift because the current system is failing, it is failing because it is based on a printing press that is based on debt.

The system is fraudulent as it stands today with The Federal Reserve printing money when and how it decides, keeping interest rates low and allowing the banks to decide how and who borrows the money. This created a housing bubble based on debt being assumed by the people. This will not last.

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[gspotjazz]

Wow, profoundly prophetic. Jim Willie is easily the smartest guy in the room.

[traynickel]

@gspotjazz Jim Willie is the best hands down!!!...

[tyronebiggums3]

Back in late '08 it was fascinating to watch the price drop in gold and silver. And it was difficult to actually obtain physical, but not impossible. I listened to the 'voices' and backed the truck up at those prices. Bring on the revaluation.

[rx4unyc]

about time stack silver gold

[blackswanflea]

a prophet