By Greg Hunter’s USAWatchdog.com (Early Sunday Release)
Financial analyst Dr. Jim Willie says forget about the government shutdown and the debt ceiling. It is the Treasury market that is the big problem. Dr. Willie says, “What’s going on with the Treasury bond market right now is systems are breaking . . . they broke the interest rate swaps. They are not functioning anymore. . . . Foreigners are dumping Treasuries.” Dr. Willie contends this is what caused the spike in interest rates in the past few months. And what was the meeting last week of all the big bankers at the White House? Dr. Willie speculates, “I think it was an emergency meeting because they cannot successfully defend the dollar anymore, not fend off the big Treasury bond sales.” Dr. Willie thinks, “Reversal in the Treasury bond market could be a death blow for these zombie New York banks . . . These big banks are in danger of imploding” Dr. Willie predicts, “I don’t think the Fed is going to taper its bond buying. I believe they are going to double it.” Dr. Willie goes on to say, “The Fed will say let’s continue QE, and instead of suffocation from rising rates, we’ll have drowning from rising costs. . . . They are going for drowning because it’s slower.” Join Greg Hunter as he goes One-on-One with financial analyst Dr. Jim Willie of GoldenJackass.com.