'The question is not if, but when this financial system is going to fail'

helderheid

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Thu Mar-09-06 09:34 AM
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'The question is not if, but when this financial system is going to fail'

Edited on Thu Mar-09-06 09:36 AM by helderheid

DaanSpeak interviews RTL Z
economics reporter
Willem Middelkoop
'The question is not if, but when this financial system is going to fail'

The Dutch in the original article has been translated into English by Ben Kearney.
Willem Middelkoop is an investor and freelance economics reporter for the Dutch financial report RTL Z. Based on his expertise and his sources - newsletters from insiders and conversations with bankers and financial analysts - Middelkoop believes that the question is not if the current financial system is going to fail, but when. What might then ensue, and how one can prepare for it, will be addressed in future conversations. The following interview lays the groundwork for this.

DaanSpeak: Willem, are you familiar with DaanSpeak.com?
Willem Middelkoop: 'I've been reading it for a while. At first I didn't get it - I thought: "Who is behind this?" But I've been reading your articles for almost a year now.'

DaanSpeak: You have a newsletter. .
Willem Middelkoop: 'Yes, I've been a freelancer since 1984. Two days out of the week I work for RTL Z, and then I write a newsletter containing the two most important articles that I come across in the course of that week. For a couple of years now I've been in search of the truth regarding this financial system. How the financial system is set up, how the world works with the money, how the power is divided up. I've discovered that you aren't going to read this in the newspaper, that you're not going to read it in magazines, that you're not going to read it in specialized books, but that you're going to find it primarily in highly specialized websites and newsletters. There has arisen almost a sort of underground culture of people in search of this kind of information, who meet each other on the internet, and you have to know exactly what places to go to get the good information. I've been trying to find the good people and the good places over the course of several years, and now that has worked out nicely.'

In part eight of the DaanSpeak series on the coming war against Iran, entitled Protection of dollar economy as a motive for war with Iran, email correspondence between DaanSpeak and financial analyst Rob Kirby, (here a link to the homepage of his website) was quoted extensively. In the emails Kirby talks about the pending collapse of the dollar. Middelkoop appears to have also had contact with Kirby.

Willem Middelkoop: 'Rob Kirby researched the current standing of other countries in dollars. That is, how many dollars does Japan own, how many dollars does China own? America publishes the data once a month and he actually found out that China and Japan are buying less dollars than they did in years past and that this role has been largely assumed by, as the Federal Reserve refers to them, Caribbean Banking Centers. And so financial parties in the Caribbean are actually financing the American deficit. And those have become just as big as China and Japan and we already know that China and Japan are very big and important financers of America, but also that there are financial concerns in the Caribbean that are now doing that as well�This is of course quite strange, because who are these factions and what interest do they have in purchasing dollars? Now if you give this some thought and then inquire some further, you actually get an official explanation that these are hedge funds; hedge funds are speculative investment funds that actually seek a very high yield. Well you don't make a thing on American Treasury bonds and that is the yield, because there is only 4 percent yield, only 4 percent interest is paid on that. So the suspicion is now that America is financing itself by making a U-turn, via the back door. Hedge funds are unregulated, under no circumstances are they regulated. Hedge funds can come and go as they please. The Federal Reserve can in theory set up their own hedge funds, which reside in the Cayman Islands or the Antilles, and the Federal Reserve can actually mandate that those hedge funds purchase American Treasury bonds�, as if they are foreign investors that are doing that. But in the meantime this is all about money that is printed in America and is used to purchase American Treasury bonds. In this way America is actually financing itself - they are pretending that foreigners are still actually doing the financing. This is Rob Kirby's theory, and I strongly agree with it, for there is really no other logical explanation for it. And we are also seeing that the gap that is being created by China and Japan loaning less to America is being filled by these Caribbean Banking Centers. In the last few years they have become quite active.

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http://www.daanspeak.com/InterviewMiddelkoop01Eng.html

'The question is not if, but when this financial system is going to fail'

DaanSpeak interviews RTL Z economics reporter Willem Middelkoop'The question is not if, but when this financial system is going to fail'

DaanSpeak interviews RTL Z
economics reporter
Willem Middelkoop
'The question is not if, but when this financial system is going to fail'