Americans have been living under the illusion consumption produces jobs. And the financial sector has been artificially inflated. Dr. Jim Willie reveals the United States is seeing the climax of collapse of the financial sector and consumer economy.
Also in this interview, Willie reveals the Chinese are working on a major deal to pay for crude oil in Yuan. Other countries are moving away from the Dollar. He predicts the Dollar won't collapse. Instead, it will rise, then simply vanish.
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