nuclear dollarThis is going to be an overnight or over the weekend type of event where you have what you have on a Friday and you wake up on a Monday morning and you can’t trade anything and you’re locked in to your position.
So it’s absolutely imperative that you have what you WANT to have, because you won’t have a chance to change it
Gold and silver are THE only monies out there that are not “credit based” or derive their values via the credit markets … markets which will ultimately will be closed!

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panicJames Turk joins us this week for a MUST LISTEN show discussing:

  • Silver Has Been in Backwardation Since JanuaryNo One Wants the Counter-Party Risk!
  • The writing is on the wall for Greece- Bail-in appears inevitable! 
  • When Greece is bailed-in, Will Contagion Rip Across the Banking Systems of France, Italy and Spain?
  • Turk Explains Why Fiat Currency is Coming to a Conclusion
  • Governments Will Come Back to Gold Either Willingly, or Kicking and Screaming!
  • When the Big Black Swan hits, Will Americans Finally Wake Up to the Encroachment of Fascism? 
  • Why it is Prudent to Protect Your Wealth With THINGS…Not Promises! 
  • Turk Explains Why Buying Gold Today at $1200 is Better Than Buying Gold at $35 in 1971!The SD Weekly Metals & Markets With The Doc, Eric Dubin, & James Turk is below:

willieOver the course of this hour-long discussion, The Golden Jackass Jim Willie addresses two main points:

  • The wreckage of the global bond markets and the damage wrought by the never-ending quantitative easing of the global central banks.
  • China’s intentions behind their massive buildup of physical gold. You’ll find Jim’s rationale to be more comprehensive than that recently put forth by Jim Rickards. His reasoning is laid out in a straight-forward manner and would seem to be the best, most reasoned explanation yet of China’s motives and goals.

Full MUST LISTEN interview with Hat Trick Letter Editor Jim Willie is Below:

The Greek government says that a “moment of truth” is coming on June 5th.  Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF.  Of course it won’t technically be a “default” according to IMF rules for another 30 days after that, but without a doubt news that Greece cannot pay will send shockwaves throughout the financial world.
At that point, those holding Greek bonds will start to panic as they realize that they might not get paid as well.
All over Europe, there are major banks that are holding large amounts of Greek debt and derivatives that are related to the performance of Greek debt.  If something is not done to avert disaster at the last moment, a default by Greece could be the spark that sets off a major financial crisis this summer.

watchmanWhen the next crisis hits, the same banking powers who fleeced US citizens for over $13 TRILLION in 2008/09 will be right back at it.
These men know that the only prayer they have to survive, is to seize everything they can grab.
From bail-ins to QE, from cash-infusions to retirement accounts..there’s nothing they won’t try to get their hands on…

cliff fall coyoteRegardless of the flood of Orwellian propaganda coming from Wall Street, the financial media and the various Government and quasi-Government agencies, by all valid economic activity metrics the U.S. economy is entering into crash mode.
The problem faced by all of us is that the crash that is in front of us will be many multiples more severe than what occurred in 2008.

gold repatriationThe holiday weekend is starting out badly for our bankster friends, who were just informed by the Austrians that the Oesterreichische Nationalbank intends on repatriating 110 tonnes of Austria’s gold reserves currently hypothecated by on deposit at the Bank of England

Wal-Mart is facing questions tonight after CBS13 learns the company draws its bottled water from a Sacramento water district during California’s drought.
According to its own labeling, the water in the gallon jugs appears to come from Sacramento’s water supply.
Sacramento sells water to a bottler, DS Services of America, at 99 cents for every 748 gallons—the same rate as other commercial and residential customers. That water is then bottled and sold at Walmart for 88 cents per gallon, meaning that $1 of water from Sacramento turns into $658.24 for Walmart and DS Services.

As we all know, you should never let a historic drought get in the way of corporate profit margins; and these appear to be some really nice margins.

Silver vs Gold Investment CHART newMany of the top precious metal analysts state that gold is the premium asset and insurance hedge during a financial collapse.  We hear this time and time again.  However, if we look at the data during the near collapse of the U.S. Banking and financial system in 2008, gold wasn’t the most sought after precious metal: