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Death Knells for the USDollar

- Jim Willie CB - Hat Trick Letter

JIM WILLIE'S GROSS MISINFORMATION ABOUT CANADIAN OIL EXPORTS

I agree with Jim Willie's prediction that the US dollar will soon lose its status as the world's reserve currency. However, Jim made a few comments about Canadian oil that simply aren't true. Jim stated:

"The bulk of Athabasca oil produced from the oil sands in Western Canada (Alberta) output is directed to China, by way of the Vancouver ports owned 100% by China."

The truth is that the majority of Alberta's oil production is shipped to America, and only a trickle of this oil is shipped to China. Canada simply lacks the pipeline capacity to ship the "bulk of Athabasca oil" to China. Also, China does not own any of Vancouver's port facilities.

When Jim makes such glaring mistakes about Canada (which is the #1 foreign supplier of oil to America); you start to wonder how much of the other "facts" he reports are also erroneous. If Jim is to be taken seriously as a journalist; he owes it to his readers to check his facts. Otherwise, he is a delightful writer of fiction.

Commented 4361 days ago

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Beginning of the headline : The recent decision by the US Federal Reserve to contaminate the financial body until it responds favorably was the last straw in my book.Witness a declaration of permanent QE and hyper monetary inflation of the most virulent strain, unsterilized.The USFed is essentially admitting failure... Read More

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