"The USDollar should suffer a 30% to 40% sudden devaluation. The gold & silver prices should rise by 20% at least, held back by continued stubbornfraud in the COMEX."

That is not something to be happy about from a foreign perspective. Gold going down 10-20% in non US currencies. I find that part hard to believe.

The rest of the story is something that eventually MAY play out over a much longer period of time, but I must say Jim Willie is a bit pessimistic by nature.