gold & silver sold out*Breaking:
The US Mint has just notified Authorized Dealers that it is ENTIRELY SOLD OUT of Silver Eagles, and WILL NOT TAKE FURTHER ORDERS UNTIL AUGUST 2015!

*Update 2: US Mint Has Stopped Taking ALL ORDERS FOR ASES!

*Update: Silver has now dropped OVER $1 to a $14 handle

Gold and silver have just been treated to a COMEX open Smack Down on large volume, as silver has been smashed over .60 nearly to $15, and gold has been taken down to $1154 as someone just dumped over $1 billion into the market open…

collapse crashA real crisis is developing far faster than what I envisioned that is impacting the 75 Trillion Shadow Banking sector which is on the verge of implosion.
Credit markets are almost closed, I am being told! I REPEAT again the CREDIT markets are almost closed!

The following is chilling to say the least:

Mount-Mayon-PhilippinesWe are going to see a negative gradual financial crescendo into September and fear is going to strike the entire financial world far more then than it has now.
All of this crescendo leads to a blow off of the top of the mountain of the most magnificent volcano know to man obliterates the surrounding landscape and peoples.
I am speaking of the red hot magma of the paper bond and derivatives market and multitude of naked no substance bets that the entire financial world rests upon and how fragile it is.  It is going to fail in about 60 minutes…

silverLast year was the first time since these records began, that world government silver sales were ZERO
What this means is that while governments may or may not have more gold to dump onto the market, from this point onthey are out of state-owned, physical silver for all rigging intents and purposes.
Mine supply is the only card they have left, as silver’s monstrous flow, worldwide, is literally “hand to mouth”.
Meanwhile, something VERY interesting is brewing at the Comex…

Is the next major volcanic eruption in the United States just around the corner?  Mount St. Helens and the Yellowstone supervolcano get most of the attention, but many geologists are actually far more concerned about the potential danger that Mt. Rainier poses.  It has been called a “time bomb“, “the most dangerous mountain in the United States” and “one of the most dangerous volcanoes in the world” due to its proximity to major population centers.  Scientists tell us that it is a matter of if, not when, the next eruption will happen, and even a minor eruption could result in tens of thousands of Americans being literally buried alive in super-heated mudSo what would a full-blown eruption do? 

Meixico Silver Production April 2014 vs 2015With India importing record silver, including elevated imports into the United States, we could see REAL SHORTAGES by the second half of the year if investment demand surges due to a financial contagion stemming from a Greek Exit of the European Union.

Zeal070315AThe US Federal Reserve has been universally lauded for the apparent success of its extreme monetary policy of recent years.  With key world stock markets near record highs, traders universally love the Fed’s zero-interest-rate and quantitative-easing campaigns.  But this celebration is terribly premature.  The full impact of these wildly-unprecedented policies won’t become apparent until they are fully normalized.

The global economy is falling apart  – quickly.  And the only markets in which that fact is not being reflected is in select U.S. stock indices and in the Comex paper gold and silver market.   As I started to write this, the Plunge Protection Team has pushed the S&P 500 into a gain from Thursday’s close…

Source: Yahoo Finance

Crisis?  What Crisis?  Enter The “Plunge Protection Team”
To the best of my knowledge, no one has pointed out the highly unusual euro/dollar trade that occurred last Monday, June 29.  Over that weekend, it was clear that there was no more “crying wolf.”  Talks had failed and futures and the opening of markets worldwide early Monday morning reflected this reality.  It was this reality that ultimately pushed Alexis Tsipras, Prime Minister of Greece, to call for a referendum.

But a funny thing happened during early Monday morning trading on June 29…
Click here for TND’s Exclusive Break-Down of the Plunge Protection Team Caught in Action Over Greece:

 

 

fire contagionLast Friday, June 26, was D Day.  That was the last day a person in Greece, for all intents and purposes, had the banking freedom we take for granted here in the US.  Today the Greek people are now stuck in a burning barn, finding out that the system they relied on is broken.  If there is not even a small reset, sometime within a week or two, there will be riots when food and gasoline are gone.
The Greeks had many options before June 26 2015. 

One day the stores and gas stations were full: The next day they were empty.
Systems fail slowly at first and then very quickly. You must be aware of the warning signs of systemic failure.
Being 6 months early beats being 1 day late.

dollar collapse panicBill Holter is back to discuss the impending ‘Global Margin Call’… and when it might begin.
From a global economic collapse perspective, from a derivatives bubble and credit default swaps and TBTF criminal international banks perspective, Sunday’s vote may well ensure that a ‘Global Margin Call’ could commence at any moment:

Puerto Rico is full crisis mode, as signaled by Governor Alejandro García Padilla warning that the island’s debts are “not payable.” This is partially the fault of the island’s own government. The commonwealth has piled up a debt much larger as a percentage of GDP than any other state.
All major parties are to blame for over-promising and overspending, and the Puerto Rican government deserves most of the responsibility for the situation it finds itself in.
Nevertheless, it is not entirely their fault.