John Williams: Russia could start Dollar collapse; Lindsey Williams: Yup.

[ThePythonicCow]

Today Greg Hunter posted an interview with John Williams of ShadowStats.com: Russian Dollar Dump Could Crash Financial System-John Williams (http://usawatchdog.com/russian-dollar-dump-could-crash-financial-system-john-williams/).

Greg Hunter's summary of the interview begins:




Economist John Williams says if Russia sells its U.S. dollar holdings, it could trigger hyperinflation. Could it collapse the financial system? Williams contends, “Yes, it certainly has a potential to do that. Looking outside the United States, there is something over $16 trillion in cash, or near cash. That’s about the same size as our GDP. . . Nobody has wanted to hold the dollar for some time. The dollar, fundamentally, is weak. It couldn’t be weaker. All the major factors are against it. It’s just a matter of what would trigger the massive selling. Nobody wants to hold it. The Russians start selling, and you have China indicating a general alliance here in terms of what’s transpiring. If the rest of the world believes this is what’s going to happen, people who have been wanting to get out of the dollar for some time very easily could front-run the Russians. The scare is on. People will try to get out of it as rapidly as they can.

What would happen if there was massive dollar dumping globally? Williams says, “It would be disastrous for our markets. All those excess dollars coming in, with bonds being sold, interest rates would spike. The stock market would sell off and we’d see inflation. To prevent that and try and keep things stable, the Fed would tend to buy up those Treasuries. It would intervene wherever it could to stabilize the circumstance. It’s going to be very difficult, and it’s going to be very inflationary. Williams goes on to say, “You have to keep in mind, back in 2008, we had one of the greatest financial crises the United States had ever faced. The system was on the brink of collapse at that point in time. What the Fed and the federal government did was spend every penny they could, anything they could create or anything they could guarantee. They did everything they could possibly do to keep the system from crashing. They guaranteed all bank accounts. So, they saved the system, but now what they did has not borne fruit. We have not seen an economic recovery. We have not seen a return of health to the banking system. So, the system is very vulnerable; and if the Russians carry through with their threat, you have, indeed, the risk of it collapsing the system.”

Lindsey Williams sent a message to James Harkin Creator of LindseyWilliams.net (http://www.lindseywilliams.net/russian-dollar-dump-could-crash-financial-system/) referring to this interview of Williams by Hunter, saying:




This could very well happen. Personally I think it will. People must make all final preparations.

GOLD IS THE ONLY HEDGE!
Here's the full interview of Williams by Hunter:9LSHdkaCLOA

[christian]

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A Kremlin economist, Sergei Glazyev, told RIA Novosti the Russian government may not repay loans owed to the financial cartel if the United States imposes sanctions on the country in response to the Crimea intervention.

http://www.infowars.com/russia-we-wont-repay-the-bankers-if-u-s-imposes-sanctions/

[T Smith]

Another very ill-played hand by our illustrious Washington leadership. My goodness. How many times does Putin need to take Obama and Kerry behind the woodshed before they withdrawal their checkers off the chess board?

Threatening Russia with sanctions? Really? That would be equivalent to falling for a fools mate in four moves.

[ghostrider]

a person from Ukraine that now lives in the U.S. was on a radio show today saying , the reason Russia wants control of that area is, it is a major port for exporting oil ... it always goes back to money and oil ... sad

[Tesla_WTC_Solution]

a person from Ukraine that now lives in the U.S. was on a radio show today saying , the reason Russia wants control of that area is, it is a major port for exporting oil ... it always goes back to money and oil ... sad

Hmm if that is true you know the UK is possibly involved.

they own almost 20 percent of the national gas company in Russia. :( BP does I mean.
That's really icky huh.

[sigma6]

This whole thing was about oil in money going back to Iraq, right up to the twin towers... it may not have came out exactly what they expected...

stay tuned

[Wind]

If it wasn't for oil and the love of money, we would already have free energy... Which would naturally mean better health for humans, animals and the whole ecosystem. No more pollution, no more famine etc. Greed is a disease of the worst kind.

[gripreaper]

Obama's greatest hits album just came out!

http://www.rumormillnews.com/pix7/crimea-river-obama-560x560.jpg

[Lifebringer]

Well, that's certainly a "scary prospect" for those who hold money in highest priority. Why don't they use it to become more independent of the same system they are in, by slowly removing savings? All they have to do is get their "greedy congress person" to remove penalties for taking out your own money. Something like 7% off you earnings if you take it out for "anything." I would start slowly removing mine and putting it in products that would ensure my economic survival if the system crashes. Be it gold, silver, copper, aluminum, food stuffs of dry rice, beans, macaroni, oatmeal, flour, sugar, dry dehydrated fruits that can be steamed to make pies or have in cereals. Systems that close down water tight in the event of tsunami's tunnels from the property that lead to higher altitudes, as well as submercibles if they have to escape a flooded area that is above shelter level. I mean I would have mine like Batman or Superman protection for the physical and space for others that I would of course rescue during such a tumultuous time. The shelter could be fire proof and covered with a soil and gardened on with boxes. Why don't they get it? Nevermind, I know, I know, they are incapable of grasping the truth, because the program for the lies is more believable, than the truth. More exciting to their animal instinct, which sometimes goes rampant at the most inopportunistic times, in other soul's journey. But dayum...it's so frustrating to see it happening in your own home or family, when we don't have that blessing to provide those ideas to our own life. I don't believe it's envy, I believe it's simply lack of necessary required life needs, that is the game in of itself.

However, if Putin does what would be the point? Who would be the "customers" that would buy his products, if he crashes the system. Unlike the cabal, he does care about his country in sanctions and other economic boycotts world wide. China would want their own economy and both have really crappy soils for producing the needed foods for their countries, but they do have money. Can the people "eat the money?" No, so it doesn't make sense for Putin to do it, but Wall ST. banksters and the FED, oh yeah, they'd love to have their cake and eat it to with another act of war. How else can they seize more, while diminishing the populations of both or more nations.

I agree with someone here that said: "Pay very close attention." I'm doing the best I can strategicly, to get in the sane one's heads, and to focus on getting in the aggressive leaders ego, to sooth tempers, and make the necessary concessions for peace, that the people of this world want. If we're going down a swirling black hole of deceit cosmically, then we bloody well better get our hearts and minds together for this last time, eh? Any requests for this "titanic judgement coming?"

The ball/choice is in our court, how about making a 3 point shot and winning this game?
Preparation for at least 6 months until the stupid leaders get it together, will prevent lots of panic. A couple of emergency community gardens run by churches, could also be a solution, since that's where most of the faithful gather. They can truly feed the poor and community, if this occurs, which I don't feel will.

[swoods_blue]

I'll preface this by freely admitting I'm not an economist.

There are certainly any number of ways a trade war could result in a lot of collateral economic damage...

BUT, use a little logic and discernment here, too:

1) If Russia and China have sizable reserves held in U.S. dollars, what do they have to gain by trashing the value of their own holdings? Having a Russian economist toss out this threat, however, is free.
2) What would they get in exchange for those dollars? Renminbi? Rubles? Gold bars? Wheat?
3) If Russia cuts off fossil fuels to Europe, doesn't that hurt Russia as well? It's a chief source of foreign currency for Russia. And wouldn't that drive up prices for U.S.-produced energy supplies, such as fracked natural gas and oil? It could also damage Russia's long-term access to Euro markets, which would rightly seek to diversify their suppliers.

There are definitely weaknesses in our financial system, so of course anything could happen. But many of the discussions elsewhere on Avalon seem to take the stance that what's happening in Ukraine is essentially theater. In that case, the U.S. is unlikely to respond to Russia with very harsh sanctions, and Russia would be unlikely to retaliate too severely upon our financial system.

So while I agree that the things Williams is talking about COULD happen, I think his scenario is unlikely.

Just some thoughts to throw into the pot.

[Cardillac]

I heard this morning on German MSM radio the EU is considering sanctions against Russia (yawn); Germany gets most of its natural gas (via the Ukraine) from Russia; let's wait and see how this plays out...

Larry

[aheb]

There are a few things going on. It is about oilpipelines, just as Syria and Iran are about oil pipelines , but it is also about how you pay for that oil. With a US fiat currencey backed by nothing but debt or by Gold or something else. I feel sure that the US dollar will collapse soon. then there wil be a global currency resest, but I don't think it will be a Mad Max scenario