gold market tippingThis past Monday, the POTUS Obama met with ALL top US banking regulators and the chairman of the Rothschild Private Bank (aka the US Federal Reserve).  Though the media has sold this meeting as a forum to discuss Dodd-Frank regulations, I am not buying this explanation as the mission for this meeting.  The most credible explanation of why Obama met with all the top US banking regulators this past Monday, in my humble opinion based on very detailed research (available to our clients), is because the US banking system is suffering a critical crisis and stresses right now.

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From JS Kim, Smart Knowledge U:

As all of you know that have subscribed to this newsletter since 2006 and watched my YouTube channel since 2008, I left the commercial banking industry in 2004 because of my disdain for what I saw to be an increasingly unfeeling, greedy, selfish, and inhumane industry. But I also started my own company back then to help people get through the difficult times that we predicted would be on its way as far back as 2006 and that are now here. At SmartKnowledgeU, we have always taken great pride in the level and meticulous nature of our research and our ability to see coming trends that help protect our clients well before they happen. For example, just check out our blog article from October 15, 2007 called “The Coming Investment Crisis: Beware the Turbulence that Lies Beneath the Surface” (if you have not yet read this article, the bulk of it also applies to the recent rise in US stock markets TODAY as well).  I followed up this article in September 19, 2007 with another article called “The Signs of a Peak Investment Crisis Keep Coming.” After this article, we were among a few investment research firms in the entire world that correctly predicted that collapses of Wall Street firms were coming and indeed that happened, as Merrill Lynch, Bear Stearns, and Lehman Brothers all collapsed in 2008. Later that year, we were publicly raked over the coals by Wall Street cheerleaders for my April 23, 2008 article “Will US Markets Crash Now or Later?” that I wrote after analyzing the role of the US Federal Reserve in the ongoing fake recovery of US markets at the time and concluding that it was unsustainable. Indeed, US markets plummeted by about 50%, starting its great descent just 18 business days AFTER I released my prediction of a coming market slaughter..

 

Three years ago, back in March of 2010, I was one of the first to discuss the coming “currency wars” that so many analysts now speak about openly today, in my article, “In the REAL World Series of Poker, the Stakes are Default of Sovereign Debt”.  Today, we have seen US Treasury bond yields and Indian rupee bond yields absolutely soar as the events that I predicted more than 3 years ago are now happening. On April 18, 2013, right when the banking cartel started slamming gold $200 lower immediately after meeting with the US President in the White House, I penned an article “Why the Western Banking Cartel’s Gold and Silver Price Slam Will Backfire”. In this article, I specifically informed people that part of the blowback of this massive banker committed fraud to falsely convince people that gold was not a safe haven would be the following:

 

“We can safely assume that the same entities that withdrew their physical gold and silver from the banking system will not return and store any of their physical gold and silver within the global banking system in the future. This will prevent bankers from re-hypothecating physical gold and physical silver and selling the same gold ounce and the same silver ounce over and over to multiple persons and accounts as they have been doing for decades. Or if instead, the banks up their re-hypothecation schemes and sell the same ounce of gold 10 times instead of 5 times due to their physical gold and physical silver reserves diminishing, then smaller withdrawals of physical PMs from their vaults will result in greater stresses on their abilities to suppress the price of gold and silver in the months ahead.”

 

Notice that I said the stresses on the global banking cartel’s ability to suppress the price of gold and silver in the months ahead, NOT the years ahead. And what has happened in the few months since I penned this article?  Gold has risen 16% and silver has risen 24% off their respective lows since just this past July, and the COMEX gold warehouse depositories are being rapidly drained of both their eligible and registered physical gold. Finally this past Monday, the POTUS Obama met with ALL top US banking regulators and the chairman of the Rothschild Private Bank (aka the US Federal Reserve).  Though the media has sold this meeting as a forum to discuss Dodd-Frank regulations, I am not buying this explanation as the mission for this meeting.  The most credible explanation of why Obama met with all the top US banking regulators this past Monday, in my humble opinion based on very detailed research (available to our clients), is because the US banking system is suffering a critical crisis and stresses right now. Furthermore, all top US banking executives are hiding the incredible stresses in the institutions they run from the public with their falsified earnings statements and stock pumping schemes. Thus, since all of my past predictions are in writing and verifiable in print online, please go check them out for yourself, as I’ve provided the links in this article.  Also remember, though I reserve the most specific information for my clients and not the public, I have on occasion, provided very detailed information of my predictions for price movements in the gold market, as was the case in my article “Indisputable Proof Paper Gold Markets are Massively Manipulated”,  in which I accurately predicted future gold price movements and provided specific price targets 24 hours before they happened.

 

The reason I am conveying all this to you is NOT to boast, as boasting for the sake of boasting is quite infantile. However, here is the true significance of re-visiting the above topics and my past predictions. At the time I made these predictions, whether in 2007, 2008, 2010 or just a few months ago, I was universally slammed by all mainstream financial analysts for being wrong at the time I made these predictions. For example, right after President Obama met with the top US banking executives on April 11, 2013 and the bankers immediately executed their raid on gold prices, one of mainstream media’s  favorite economists, Nouriel Roubini, very publicly predicted that gold was heading below $1,000 an ounce. Since people only tend to remember what the mainstream media said at the time and actually don’t take the time to look back at these discussions in hindsight, I think it is important to point to do so to tease out the difference between propaganda put forth by the mainstream media and the truth that is often discussed ONLY by independent media such as ourselves.  In fact, just this past week I spoke to a commodity analyst at a large bank that incredibly told me he believes gold is still too expensive and that it is heading to $900 an ounce (at least incredible in my eyes). Why in the world would he believe this? I didn’t ask him, but I’m speculating because that it’s based off of Nouriel Roubini’s very public similar prediction.

 

In any event, the signs are here that massive disruptions are coming to the global economy as the Western fractional reserve banking system closes in on failure. I sincerely 100% believe that the resultant turmoil will be much worse than what happened in 2008.  Just because the mainstream media is selling you a completely opposite story does not mean my prediction will be wrong.  Please recall that in mid-May, as Indian Finance Minister Chidambaram practically begged citizens of India not to buy gold and instead to support the rupee by investing in the Indian stock market. Since that time, the Indian stock market has crashed over 11% and gold has risen by 17% against the rupee. So listening to the advice of important, “made” men of the banking industry will just not cut it anymore. Thus, because I want everyone to take this current prediction of mine very seriously, I have provided note of many of my past major predictions that have since come true.

 

I truly believe that the global commercial banking industry  has carte blanch to lie and deceive its clients today. For example,  US Department Attorney General Eric Holder recently testified to US Congress and made the following statement:

Let me be VERY VERY VERY clear. Banks are not TOO BIG too jail. If we find a bank or a financial institution that has done something wrong…those cases will be brought [to justice]” (emphasis not only mine but Eric Holder’s as well).

However, when the DOJ stated it had documents that could prove beyond a reasonable doubt that HSBC had engaged in criminal activity in laundering billions of dollars for violent Mexican drug cartels,  Holder held not one HSBC banker accountable and jailed no one at HSBC for these crimes and instead fined them a sum of one month’s profits that will clearly not serve as a deterrent from continuing to engage in such crimes in the future.  Thus it is clear, that the only person that can prevent banks from committing crimes against you is…YOU. Furthermore, it should be abundantly clear that one needs to perform the necessary research now to understand that all assets held inside the global banking system are at very significant and imminent risk.

 

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I realize that many people today are struggling economically and financially, so I have also decided to expand our videos on our YouTube channel to include topics about how to cope with worsening economic conditions, including strategies to maintain your health, happiness and mental sanity during difficult economic times as well as strategies to cut major expenses that simply make sense. For example, delaying education today makes a lot of sense. What good is graduating with a  Harvard or Oxford degree today when the second largest employer in the United States is Kelly temp agencies that only have a slew of minimum wage and lower wage jobs to offer? You can also help us to help you by checking out our YouTube channel http://www.youtube.com/smartknowledgeu and our various playlists. Please comment on our videos and let us know what videos you would like to see in the future. We do read all the comments and we address topics that our viewers wish to see addressed in future videos we make and post. You will find that we just released today, our latest video that deals with job satisfaction and how to pursue your dreams in a difficult economy.

 

Lastly we urge those that have money and wealth to protect to take the proper proactive steps right now and to stop delaying this decision if you’ve been procrastinating. This weeks meeting of top US banking regulators with the US President should wake anyone up that has been asleep to the severity and urgency of the current stresses in the US and global banking system RIGHT NOW.  If you need guidance in these matters, please read the fact sheets available about our various services and come by www.smartknowledgeu.com today.

  1. Well, I figured and so did the Doc that Silver would go back down with the market. The Doc’s sale is on, take advantage.
    Being 72 years old and waiting is getting me really antsy about waiting for the “BIG One”. No not talking about my thumper
    but the Financial thunder bumper. Got my beans, bullets and band aids and raring to use them. Just installed another natural
    gas generator to keep all my lights on. If you don’t have a generator, get at least a 6000 watt, you can run everything in your house
    on 2500 watts believe it or not (less air conditioning unless you get a 17000 watt). My generators were gasoline when I bought them, but
    converted to natural gas with kits available, so no gasoline bombs in the garage! Get a Generac 10 circuit transfer switch and wire it in.
    it’s easy and not a shocking experience unless your name is Obama, Bernanke, Dimon et al.
    Ho Ho Silver!!!!!
    You have (4) 20 amp circuits and (6) 15 amp circuits. Friends all Hell is about to break loose really soon. Get your dehydrated food and
    stock up on water if you haven’t already.

    • A good generator is a great idea, Ranger.  Just be careful with the venting and wiring and all should be well.  Unless one heats their home with electricity, which I do, it should work just fine.  Even then, it will still power most everything but perhaps not all at the same time.
       

  2. Long-winded but good. I like the Doc’s summary better.
     
    I agree with Conax .. something bad is close. Could be derivatives or some computer virus which has the same effect (way overdue and fake of course, but real since it will be reported in the MSM … that makes it real). The chemical weapons scam on the MSM sure is ominous, and for the first time BBC has a front page report on the FOMC minutes. Everybody and his dog is referring to and implying that the USD has little time left.

    • I am no fan of Obama and the UK’s use of Al-Qaeda, although I believe most professionals in most of the West are sincerely trying to avoid Al-Qaeda and help real Syrians (As for Egypt and MB and Al-Qaeda in Lybia to Syria etc., I think Obama has some bad connections, but I think people are just following orders… hopefully the truth will come out to expose Obama’s gun-running out of Lybia).
       
      Now, truth is, Bashar al-Assad IS a monster (if you host Hamas Hezbollah and Jihad Islami and PFLP etc. etc. for decades, hire and cooperate with North Korean nuke scientists and technicians, and are hand-in-glove with Iran and Russia, most of you, if not all, has to be ruthless and cold blooded and fearless… a MONSTER, as much as Al-Qaeda are monsters themselves, Al-Qaeda just doesn’t fall into Russia geo-political sphere of potential allies, which is why you won’t see Russia criticize Hezbollah or the IRGC etc. etc.), and as a monster, I absolutely believe that he has used such weapons before, I am sure he used them this time, and that he’ll use them again (Oh, Russia says it was a rebel false flag… boy, if the former cold-blooded head of the brain-washing masters of propaganda called KGB says his team was framed and the guys on the other team are guilty, you’re going to believe it??? PALEASE!!!   I have had several Lebanese friends, and they hated Syrian soldiers for being brutal… met an old Golani Brigade soldier in Israel who saw such atrocities committed against his comrades by the Syrians in the 1973 Yom Kippur War that it flipped a switch in his brain and he had mental issues until this day… the Golani Brigade adopted him as a sort of “mascot” for the brigade and he helps organize parties and special events for the troops for their moral, and it helps him cope with the emotional trauma caused by the Syrians, and he feels like he is still part of the army, contributing something….
      And this is the regular disciplined Syrian army, not the goons of the Shabiha or the even more ruthless IRGC soldiers on the ground in Syria or the maniacal decision-makers.
      Don’t let Western corruption and your disdain of it fool you into thinking the other side is any less evil… it’s MORE evil!
      Anyway, for the French-speakers among us:

      http://www.dailymotion.com/video/xdyus5_la-ldj-agit-contre-le-raciste-dieud_news

      http://www.dailymotion.com/video/xe2h6w_manif-de-la-ldj-contre-dieudonne-fn_news

      http://www.dailymotion.com/video/xdxep7_la-ldj-s-invite-a-la-fnac-des-terne_news

    • “farkin annoying to see silver under pressure.”
       
      Yep, it sure is.  Might have to buy some more of that just to ease the annoyance.  ;-)
       

  3. Well…looks like bad moons arising. Summer is drawing to a close, The Prez was given his marching orders via proxy by the Banksters on Monday and metals begin their slide south today. I worry that this financial “drowning man” will do anything and everything to survive and ultimately will incur the demise of most. On the bright side, we who stack should be able to do so at fire sale prices before the inevitable and irreversible meteoric rise that will occur. 

    • “I worry that this financial “drowning man” will do anything and everything to survive and ultimately will incur the demise of most.”
       
      Agreed… but then, that WOULD be in keeping with his psychopathic nature.
       
      “On the bright side, we who stack should be able to do so at fire sale prices before the inevitable and irreversible meteoric rise that will occur.”
       
      That would be the bright side of it for sure.  Stack on, stalwart stackers!
       

    • Good point.  Precious Metal Pete has already predicted that paper gold will trade well below $750 / oz before some type of bank holiday and revaluation to its true worth.  Maybe this will be the catalyst that makes this happen.  Of course, don’t hold your breath as no physical will be available at those prices!  That’s the paper price not the bullion price. 

    • Well, looks like I was in error on calling Silver down over night…I’m happy about being wrong but I’d be really happy to buy a couple more  Monster boxes at a discount. The weekend is almost here maybe TPTB can muster up enough chutzpah to drive it down till Monday. If not I’ll pick up my final two boxes on the next dip. Carry on 

  4. “Though the media has sold this meeting as a forum to discuss Dodd-Frank regulations, I am not buying this explanation as the mission for this meeting.”
     
    I dunno, guys and gals.  As focked up and sloppy as the Dodd-Frank legislation truly is, it would be difficult for me to think that some serious discussion of it wouldn’t be required at this point.  That might not be the only topic discussed but it sure would be a good one.
     
     

    • As focked up and sloppy as the Dodd-Frank legislation truly is, it would be difficult for me to think that some serious discussion of it wouldn’t be required at this point.
       
      Agreed Ed. It’s like when you’re young and hanging about near the house of a girl you like, and someone says the truth to you, and you say .. ‘no, no, I am just carspotting’. Credible, right? :)

  5. Graham at Phoenix capital said that the Fed position in UST is in the low trillions.  30% of this is 10 yr UST.
    Fed net worth WAS $65 billion.  The loss in bond values, what with an 80% increase in UST 10 yrs, might be as high as $300 billion.  That creates a negative net worth 5 times the Fed net worth 5 months ago. 
    The Fed is technically BK.
    Ben knows this.
    His people know this.
    He wants out now and move to another country.
     His bungie is puckered up tighter than a pederast in a Super Max.
    The Fed can cover this up since their dirty drawers, er, I mean their books, are not open for scrutiny.  But the loads of MBS tranches and Euro-trash bonds taken as collateral are toes up too.  Greece needs its fourth bail out.  Nothing can go wrong until it does.  Things move slowly until they speed up and then they start moving really fast

    Hey Ranger  I love Generac   We have a 14 KW R2D2 on the balcony behind the house. Noise suppression installed.  Nat gas powered so as long as the local utility can provide gas we be good
    frickin’ 10 yr UST rate is 2.89% —again—ouch.

    There is another B, aside from beans and bullets. 
    BMs   We older peeps need our comfry bumfry.  I like Costco baby wipes.  Forget squeezing the Charmin.  We go with these little dudes.
    900 wipes per case.  One case last months   5 cases and you are  ‘good to go’ for a year or two. 
    just sayin’
    but when the TP is ti-ti, watchca gonna do? 
    Call  bum-wipers? I Dont think so.   
     Bears do their biz in the woods.
    not me

  6. EdB I think you are optimistic on rate jumps.   USTs will break higher and I dont think the Fed can stop it.  The IR swaps may have exploded and no one will comment on this disaster.  I’ve been in the wonderful world of rates since 1981 with 30 years of fairly steady rate declines.  When UST 10 yr goes from 16% in 1981-ish to 1.6% by 2013, couple that with the mean UST 10 yr of 5% over 200 plus years, the reversion to the mean could be a whip-crack past.  But 5% is assured and maybe 7%.  My banker and lender homies, the ones who know what’s what, say this is entirely possible. 

    And it will be so ugly i cant think of words to describe at given the $440 trilliion in IR swaps and bond bubble bursting. 

    this scares the willies out of me quite frankly. These insane, stupid, greedy, arrogant jackasses have killed us.
    It reminds of the line in Hunting for Red October. The Soviet captain fires a torpedo that should kill Red October but it boomerangs, blowing up the hunter killer sub.
    The EO tells the captain—you’ve killed us. Boom
    Well, that torpedo is what the Fed and UST sees coming their way and that is only my opinion. 
    My gut tells me this is a bad deal
    I watched the wreckage of the 1975 to 1982 period as a credit report for Dun and Bradstreet and later as a lender
    With 20% rates it was nasty but nothing like this.  Total US debt was $900 billion. We had wiggle room back then. Not now
    We add that 900 quatlooos to the fed debt in less than a year   The interest on $20 trillion would be  $1.2 trillion if rates were 6%
     
    Jeez louweeze

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