Jeff Berwick-0% Interest Rates Until the System Dies

By Greg Hunter’s USAWatchdog.com 

Jeff Berwick of Dollarvigilante.com says, “We’re on 0% interest rates . . . and quantitative easing (money printing) until the system dies.”   Berwick is predicting “chaos” when it all comes down.  He doesn’t know how exactly it will all shake out because, “We’ve never had a global system like this die before.”  One way to protect your assets is to buy precious metals, but you better not wait too long to buy them.  Berwick predicts, “It will be impossible to buy gold and silver in the next few years.”  Berwick thinks the dramatic change that is coming, “. . . is going to be the biggest event that has ever happened in human history . . . most people in the U.S. will not see this coming.”  Join Greg Hunter as he goes One-on-One with Jeff Berwick from the west coast of Mexico. 

Comments
  1. justin king

    Jeff is saying what many alternative websites are involved in = that the world system is falling apart, buy gold, they are all corrupt, etc.. Unfortunately, Jeff, Max Keiser, and many more are essentially correct. On one side,you have CNBC and on the other,Max &Co.. // as I have mentioned before, a good middle road (in a Buddhist sense) is the ECONOMIST magazine. // By utilizing ALL of the above,you can then get a good rounded viewpoint. Too many people in this world of ultra-partisanship seem to be reading just ONE side of all these issues. Woody Brock’s book AMERICAN GRIDLOCK gives us good strategies to stop using so much inductive reasoning and switching over to deductive reasoning. This seems to be the KEY to the overall world situation. = BE ECLECTIC.

    • Eric Y

      Art and Justin. I’ve been in the market since 1993. Traded futures since 1995. I do not hold any paper assets. I’ve been a long time gold/silver bug. I too, was fed up with CNBC after the internet bubble imploded, especially Maria. Turned the sound off for 8 years after that. So I am not a big “fan” of Jim Cramer, until recently. I read an article by Cramer a few years ago. I think it’s one of his best. He knows the USD is doomed and precious metals are the only way to protect yourself. Then I am watching Mad Money a few weeks ago. Cramer actually said this on the air, “I don’t believe in fiat paper, I only believe in gold”. Wow! So Jim Cramer is also advising to get a percentage (20%) into gold and precious metals. Everyone should have junk silver, cash and stored food at home. If “they” declare a bank holiday, you won’t be able to buy anything.

      I believe that banking institutions are more dangerous to our liberties than standing armies.
      When the people fear the government, there is tyranny. When the government fears the people, there is liberty.
      The one, the only, Thomas Jefferson

    • josh

      +1 as justin king wrote,”By utilizing ALL of the above,you can then get a good rounded viewpoint. Too many people in this world of ultra-partisanship seem to be reading just ONE side of all these issues.”

      i’m glad i’m not the only one who is thinking this way. on the one side, we have my liberal friends many of whom think that paul krugman is the last word on economics. on the other side, we have the people that see conspiracies everywhere like foster gamble.

      the truth is the corporations have successfully subverted our democracy including the media. that doesn’t mean that the bilderberg group is running the world. if some people on the right would actually read noam chomsky instead of dismissing him as a lefty kook, they would have a better understanding of how this all happened. and if some people on the left actually listened to ron paul, they would realize how badly our own government has been screwing us.

      ben & company didn’t get into this mess because they were taking orders from a secret cabal. they were terrified that they we were going to slip into a deflationary spiral with social unrest like the 1930s. once they started kicking the can down the road, it became impossible to stop. so here we are…

      yes, the dollar is ultimately doomed but it took fifty years for the pound sterling to lose it’s status as the reserve currency and britain survived. if we are lucky, the dollar will lose it’s reserve status without destroying our society along with it.

  2. art barnes

    Greg, you just interviewed the smartest man on the planet. He understands that 99% of the people in this country still believe in the system, believe CNBC and its Pravda info, and can’t see the coming collapse and the present inflation; YET. His timelines are basically correct except the world could change overnight with a large extra regional or beyond WAR. War could change the world, the currency, and impose martial law among many others changes. I especially noted his statement(s) that many other countries are more free that the U.S. right now, people do not believe that but I do. Its easier for a person to start a small business in Paris than Chicago for example. Thank you for Mr. Berwick’s interview and thank Mr. Berwick for his
    time as well.

  3. AndyB

    Greg: Jeff’s 5 year timeline is probably too optimistic. The way they are ramping up the police state indicates to me that the plug will be pulled in a far shorter period. Once the billion round hollow point ammo order has been fulfilled, I expect to see the implementation of some sort of martial law, more onerous travel and currency controls. Note the continuing pushback against transparency of the health effects of the irradiation machines at the airports, in spite of court ordered exposure. Note as well the total lack of information (other than the internet) on the never ending discharge of radiation from Fukushima that, given the trade winds, that will shorten the life expectancy of millions in North America, already in evidence from the spike in infant mortality from Oregon to Alaska.

    “Oh what a tangled web we weave, when we first practice to deceive”

  4. Mickey

    Greg, Rev Lindsay Williams has spoke about the dollar on many venues, his lastest is here. http://www.examiner.com/artical/dollar-no-longer-primary-oil-currency-as-china-begins-sell-oil-using-yuan.The pastor was hired by the big oil giants to serve the workers of the Alaskan Pipe Line where he made friends with some of these heads of these giant oil companies & a few even stayed in close contact up til their death giving him info about the dollar & the price of oil in the future. As your speaker said, the world is not prepared for what is coming. I know many in the USA have not prepared one bit, even after sending them yours & others sites that produces the truth! They depend on the MSM even after so many have lost their business or home, they have blinders on & it is a sickness that will only make their life worse as each day passes.

    Greg, our government will seize any thing they can get their hands on & it’s important to help them to protect what they have left. Jim Sinclair has been instructing people about DRS, I have a close friend who runs his own business & works long hard hours, I told him he needed to protect his saving by geting them out of the system, he placed in my hands his 401K documents, then he told me about his mother & his wives mother who have large sums of investments & lots of property & a long list of assets. I explained what Jim Sinclair was doing & he got so confused because he does not understand what is in his 401K & depends on the same broker that my sister did & lost her life saving in the 07/08 crash. He was lucky & only lost half & it has now recovered, yet he threw up his hands & said what do I do!

    I wish you could get with Jim to explain DRS to the common folk on your site in a way they may use the info to save their assets, I know I am asking a lot from you & Jim,but even as much as I have read & re-read the data Jim provides I don’t understand all that it takes when it comes to DRS & all the different saving vehicles my best friend must protect.

    Thanks again for the service you provide, if we only had more like you & Jim!
    M.L.Smith

  5. Larry W. Bryant

    == Welcome to Ostrich Nation ==

    Thanks to the (unaccountable) korporate greedmeisters, Amerika no longer is the Land of the Solvent.

    Our empire is crumbling, both from within and from without. This Mad Max roller coaster might well arrive at its boiling point about five years from now; but, if we dare “bomb, bomb, bomb” Iran, I predict its arrival at no more than five MONTHS from now. — Larry W. Bryant (17 Sep 12)

  6. Tony

    Hi Greg,
    Nice interview like always.
    I’m not new to this game, I have been buying silver for about 10 years.
    I have been visiting you site for quite sometime and learning from many others as well.

    Now I’m hearing that even if I have PM’s that there is a good chance it may be taxed at 90%.
    My only concern is my family, I didn’t invest in PM’s to give away as tax.
    What’s the point of preparing if the powers that be will just take it away?

    The truth is the truth, and it makes sense to me that they will take what ever they can from us.
    This is not your fault, I come to you for information, but the more I learn, the more I’m shaking my head!
    How will I take care of my family now, if it will all be taken from me.

    • Concerned Citizen

      Don’t worry about 90% tax. You’ll have the metals in your hands while everything else heads for zero. When criminals can legally print unlimited amounts of money, it’s just a matter of when they decide to “take it all”. Because the metals don’t have a counterparty and the value in inherent in the coins/bars, you’ll probably be able to trade them with other people who won’t want to pay 90% tax on whatever they make, too. Having something at a high tax rate is better than having a piece of paper or even worse, some bits in a computer somewhere that someone in Wash. DC has decided is worth zero.

  7. BOB D

    After the worthless Vietnam war,I remember my brother had 18% interests on his house loan. I also remember all the old people making a ton of money on the backs of the youth.
    After the worthless Vietnam war, we paid the war off with inflation and high interests.The little guy got it on both ends. This time we are paying the worthless wars off with high inflation and taking the war profits back with 0% on the blood money.
    I made big money in my investments,thanks to Bush and Congress. All the money made from 2001 to 2008 is no better then drug money, just a big scam.
    So we inflate and I feel that’s the prices we all pay for worthless wars and blood money profits.

  8. ManAboutDallas

    It’s now more important than ever that each and every one of us do whatever we can to hasten the collapse. The rebuilding can’t start until the collapse is completed; so, the sooner the collapse the better.

    • George Too

      Be careful what you wish for; you may just get it. Its coming and I am happy it to be later than sooner

  9. Graham

    I’m astounded that people think there is going to be a ‘collapse’, there isn’t, well, not before there has been sequestration, gold confiscation and direct debits from the people’s savings accounts. They ain’t gonna give up those gold plated pensions before all that has taken place.

    • jay2

      Greham.
      Dont forget the human factor. These crooks will surely turn on each other as all theives do.The fear factor will cause confusion,and all evil works from the top down.Gold IS not allowed to be money,and savings IS being removed threw the bail outs. I agree there not going to give up easy,however it IS happening (today).

  10. George Too

    Nice interview Greg. I hate that I agree with a lot that he says because that means that bad news and nightmares are closer than they should be.

    • Greg

      George Too,
      I hope the extra time helped some people get better prepared. I really thought it would be much worse by now, but then again, Mr. Bernanke just release “unlimited” QE. Peace bro.
      Greg

  11. therooster

    Gresham’s Law is reversing as bullion moves to higher prices and bullion becomes monetized by the marketplace, bottom-up. This an actual progression that allows for the purging of debt and debt based currency, a purging that can only be achieved by the circulation of real debt free assets (bullion) to support economic liquidity. When God closes a door, a window is always bound to spring open.

  12. Andy

    Thanks to Greg and Jeff for continuing to put out important information to help people wake up. I am doing my prepping here in Hawaii, which already feels a bit 3rd world. With a collapse, we will be on our own. We have the good fortune of a sub-tropical climate, but we currently import around 90% of our food. It will be a big switch when the barges stop coming. People are fearful of the likely breakdown in social order, but I suppose it’s the same concern everywhere.

    I’m getting a bit tired of waiting for the next shoe to fall, and doubting my prepping outcome. Can we ever prepare for all contingencies? I’m ready to stop obsessing, because it’s taking the wind out of my sails.

    People will either hold it together or they won’t. When TSHTF we’re gonna need to share our resources. Holing up with a gun and defending your largesse just might get you killed.

    I’m trying to back off from a prepping siege mentality. I don’t want to live a life of desperation fending off people so I can keep mine. I think our new world will be quite different than we imagine. We might surprise ourselves to see new innovations popping up with new ways of communicating.

    I need to stop being fearful and open up more to the positive changes that will come when people will finally be forced to be more real with each other. I think our hearts will open up more fully and we will see real humanity. We will see depredation too, but if society is to survive we will see great acts of humanity that will give us hope for a new civilization.

    • Greg

      Thank you Andy for your comment and support.
      Greg

  13. kk

    Great idea on having some information on DRS presented here. I have tried to talk to family members about DRS, but I don’t understand it myself. If there was a video or an “outline form” that addressed questions like:

    1) How much $ worth of any single stock do you have to own to have it in DRS?
    2) How do you instruct the custodian of your IRA or investment accounts – what specific words do you say to them — to direct them in on uncertain terms that you want DRS on stocks?
    3) How do you confirm that the DRS transaction has taken place? What specific documentation do you need?

    Thanks and God Bless You!!!

  14. Mark

    A flaw in your thinking lies in the fact that a Big Mac will never cost $50.00 Markets will not hit enormous new highs. The people do not have the money to sustain profits. Companies will be forced to close and money will continue to move away from USA. Americans will continue to learn to go without. Those who have will gain more of what is available and those who don’t have will live more like the 3rd world. Populations will continue to shrink and life expectancies will drop. The FDA will accomplish it’s objective. Learn how to remove free radicals from your body or become a statistic. Make it through the hard times and Brighter Days will prevail. As for me, I have recently obtained dual citizenship and hope to go to Europe after the collapse.

  15. Chuck Savage

    Trading/bartering goods, such as tools, generators, ammunition, weapons, food, medical and hygiene supplies will be worth more than gold or silver if it gets as bad as he is saying.

  16. tsuki

    Dear Greg,

    I hate to be a quibbler. You are doing very important work.

    While I own a little gold and some silver, the 25%’ers have identified food and water security as key. Most of us have 1 acre plus. We council to dig a “sprinkler” well ASAP. The rules and regs have gotten draconian, but it still can be done. Get a pitcher pump also. (Everyone who asks about 25%’ing gets a non-electric catalog.)

    Debt, get rid of it. We are almost evenly divided on whether the assets grab will occur before or after, but we have seen a member of the community at large have their loans called and ALL assets attached, not because of non-payment, but because the bank determined that at some future time they would be unable to pay. They were able to get out from under, but it would have been a profitable grab for the bank.

    Build your community. Don’t be afraid. Know who has what skills.

    I guess that is why I connect with Catherine Austin Fitts. That was a great interview.

    This interview was also great.

    Thanks for your important work.

    • Greg

      Thank you tsuki!
      Greg

  17. Dean Hoskins

    Hi Greg,

    I am a ciga and first encountered your work there. I think you are doing an outstanding job.

    I would appreciate you asking folks that you interview two important questions:

    1. How and where is the best way to get gold out of the US and the best places to hold it?

    2. For those who have the ability to become an expat what is are the best countries to relocate to that will be affected the least by the world depression and also a place where gold is bought and sold?

    These are questions that should be of concern, but no one is discussing

    Thanks for all that you do,

    Dean

    • Greg

      OK Dean,
      I think I have a few folks in the pipeline that can answer some of your questions coming up in the next few weeks. Thank you for your comment.
      Greg

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