Emergency G-7 Meeting: Elite Ready to Pull the Trigger?

economic collapseThe G-7 are meeting this weekend outside of London.  This was unscheduled and can only be considered as an emergency meeting.
I have maintained all along that a “bank holiday” would ultimately occur which sets positions in cement while a revaluation of assets and currencies takes place.
My guess is that the end game is in fact being discussedHow best to shut the current system down, reboot another one AND retain as much power as possible.  I truly believe that preparations are being discussed here and now “how best” (for them) to close out this current chapter of world finance.  All of this has been discussed and planned years ahead of time, these are not fools.  The current discussion is merely about pulling the trigger.

I for one would love to be a fly on the wall to hear the goings on as I am sure the “outsiders” from the rest of the G-20 would.  The G-7 are the traditional “power” nations, they are also the ones doing the most printing and inflating.  Since the beginning of the Greatest Financial Crisis, these nations have bankrupted themselves the most, printed and borrowed the most and basically “lost power” with their actions.  I might add that these nations of the “West” have also been responsible for Gold being shipped “East”…and thus with it “power”.

So what exactly is being discussed?  We will soon find out (or see the results) but I would imagine that anything and everything pertaining to the “end game” will be touched upon.  Bank weakness and insolvency must be at the top of the list, QE’s lack of traction is also surely up there.  Gold inventories (or lack of) must also surely have been discussed and I would certainly think that currency collapse was on the agenda.  “Currency collapse”, replacement of same and “bank holiday” including “bail ins” were probably all discussed and pre planned.
Tell me that I am crazy and that none of these topics were broached, the physical metals markets globally are telling me (and them) that they were and that the end game is near.  The question is this, how much longer can inventories supply the outsized demand that has been created by the false and fraudulent “paper” crash of metals pricing?  “We” do not know the answer to this question, “they” do.  “They” know what is really left and whether or not the bottom of the barrel is already in sight.
To the above I would add that here in the U.S. we also have a dangerous week ahead.  The Obama administration is taking huge body blows over the Bhengazi attack last year.  None of the official stories add up and it turns out that orders came from somewhere to “stand down” while Americans were being killed.  I say that this coming week is “dangerous” because “your” attention apparently needs to altered in a different direction.  The distinct possibility/probability of some sort of false flag event is now off the charts.
I have maintained all along that a “bank holiday” would ultimately occur which sets positions in cement while a revaluation of assets and currencies takes place.  As time has passed, this looks more and more likely to me as nothing has been done to avoid this scenario.  In fact, the West has simply pressed the accelerator harder and opened the monetary spigots further…with almost zero effect on the real economy.  Stock markets are acting like an early warning signal to a hyperinflation.  Gold and Silver have not been allowed to do this which is why physical inventories have been attacked so fiercely.
Since I am not a fly on the wall and can only speculate until “we find out”, my guess is that the end game is in fact being discussed.  How best to shut the current system down, reboot another one AND retain as much power as possible.  Call me cynical, crazy or whatever, I truly believe that preparations are being discussed here and now “how best” (for them) to close out this current chapter of world finance.  By the way, all of this has been discussed and planned years ahead of time, these are not fools.  The current discussion is merely about pulling the trigger.  Regards,  Bill H.
 

Comments

  1. Probably discussing the imminent comex default which should have happened already. LOL!

    • COMEX will never actually default. They have endless paper, hello. COMEX will continue until no on trades paper anymore.

    • i was joshing. i believe there were broad calls for it in the past couple weeks. they wont be defaulting. the deck is well stacked

    • As long as there is a need for a mechanism to cap the “price” of gold and silver, the Comex will be that mechanism.

    • Wouldn’t banks and governments be better off without a transparent mkt like comex?  Make deals direct with the mines for product, or better yet nationalize them.
       
      If you think the game is rigged now I’d hate to see it in an opaque market like the cash markets are today.  I still haven’t found anyone with good information on what cash gold or silver is trading for… I’m not talking rounds and bars, but bulk truckloads of the stuff.  We don’t have transparency in those markets today.  
       
      At least we can see the comex price which is one market for buyers and sellers to trade paper (that can be converted into physical).  If physical stocks are rising we can guess prices are too high, but by how much?  Vice versa is true as well.  I for one like that transparency.

  2. Seriously?  Anyone who follows financial news knew last week that the G-7 were meeting this past weekend.  The meeting was scheduled to discuss ways to help the global economy.  The main topic was going to be the yen and the Bank of Japan.  This meeting has more to do with currency wars than discussion of the “end game”.  The only thing you are accomplishing with some of the articles you place on this site is insulting people’s intelligence.  Though it does make for some good comic relief sometimes.

  3. @stacksmack,
    I really think it would be better if the Doc just posted, “No News Now, Please check Back Later”. Good man The Doc, but just the facts please.

  4. I understand that there are aliens broadcasting holograms from the moon, and through their reptilian in disguise agents on earth they are planning on imploding the economy. This recent emergency meeting may be evidence of this (the aliens normally use telepathy but in this case a meeting was deemed better for team building).

  5. There was no “Emergency” meeting. It was scheduled. Topics were: YEN, QE, and Taxation of large corporate companies, who use global entities to avoid taxation through any means necessary.
     
     
    Sorry. No large exclamation marks, no large shock print, not red ink. All in plain black and white Arial font.  
     
     
     

  6. I don’t know what you guys are doing, but to play it safe with my ‘bill funding’, I’m headed out to convert all my paper to ‘dollar’ coins. I’m confident that whatever they do with the banknotes, the coins will probably stay at their nominal valuation. Won’t do crap about raging inflation, but I’m guessing it’ll at LEAST allay any official devaluation.

    • Not a bad idea PF! Any Further points on that one? 
      @PatFields
      Doing that every week would become a drag, at least for the banks! Lol

    • @undeRGRound
       
      Only that a devaluation is least likely on coinage because the cost to re-strike the stuff would be terrifically prohibitive compared to switching out printing press plattens. Also, in the SHTF scenario, ‘dollar’ coins actually have MORE intrinsic metallic value than what equitably remains in banknotes, so even those ‘slugs’ will appreciate over their ’face’.
       
      Always remember and NEVER forget … Paper Rots, Coin Does Not.

  7. Yes, I concur. Less sensationalizing. Report the news, don’t make it.

  8. Anyone that has been on Silver Doctors for at least a month knows I’m always consistent when it comes to calling-out sensationalism.  There are stories that frankly, shouldn’t be circulated on SD.  But this isn’t one of them.  This story isn’t sensationalistic.  I reported on this very meeting in the Friday radio show and the show’s write-up.  The central bankers and finance ministers are indeed meeting to discuss how to deal with bail-ins, bank holidays and the shaky status of international capital flows and the US dollar as reserve currency.  It is also a fact that this meeting has been kept under wraps all throughout the last week.  I documented this on Friday, having used Google news searching and finding just a single story on Thursday.  Normally, G7 meeting PR in advance of meetings results in 50+ stories.
     
    While I certainly don’t agree with everything Miles Franklin writers publish, I do find they have thoughtful perspectives and I would rather have the opportunity to peruse those views than not.  You all need to chill-out.  The above article isn’t a big deal in terms of being over-the-top.   Their article about the COMEX defaulting in days, however… well, that’s an example of sensationalism — and you’ll recall that I came on record when it was re-published over here, stating that I didn’t think they were correct (but I wouldn’t call for censorship of their voice either;  they do have a history of occasional hyperbole, but they are not crack-pots in any way). 
     
    Keep things in perspective folks.  Criticize when it’s truly warranted.
     

    • Just to put my 2 cents in here. The fact that the mainstream media buried this story ( as they do with everything they choose to or are told not to report, like ben gazi, syria being invaded by NATO funded al quaeda, the gosnell trial) does not mean it was not set up and scheduled some time ago. Not reported on doesn’t mean an emergency. The bilderberg meetings are a perfect example. Not hating, just saying.
      The sensationalizing comes from theorizing that this is some meeting to engineer the controlled demolition of our system.

    • @Flying Wombat …. I stand by my post and strongly disagree with you about this story not being sensationalistic.  Let’s start with the story’s tite.  Emergency meeting…….NO, has been scheduled for some time.  How about this part of the title..”elite ready to pull trigger”.  There the author is referencing what he believes what he believes this “emergency meeting” is about…. the end game.  Laughable.  I thought USA Today (Money) did a good job of laying out what this meeting would address in its article on Friday.  You might want to become more knowledgeable about the subject matter before convincing us of what we do or do not know.  And please, don’t try to tell me something along the lines of “Well, that’s what they want you to think” or you would lost all credibility. 

    • Well, be that as it may; the bigger point of my criticism is even more poignant to that end.  The exception begets the rule. The stories here get more contrived with each passing day. And I could probably site the day that it started to become that way… it coincides succinctly with the day SD Bullion came on line. Just sayin…

    • @Flying Wombat …. I agree with you that this story is not sensational. I like Bill Holter and also find his stuff thoughtful. It’s important to remember that NOBODY who’s not in the know, knows what is planned. But I, for one, appreciate people expressing their considered opinion, because, let’s face it, that’s all we have!! Clearly, Bill has a hunch, and that’s what this story says, and I am grateful to know about it.
       
      I would dispute that the G7, per se, have the power to pull the trigger. I mean we all know what Alan Greenspan has said that the Fed is completely autnomous, so politicians would not have that power, although some may be told in advance. The central banks have the power here, all run and co-ordinated by the BIS, which is owned by the Rothschild family, so basically, it’s the bankers of a particular race that decide when the trigger is pulled. And, since ALL central banks are now printing away like crazy (ie co-ordinated), it is not outlandish to assume that when the trigger is pulled, they will be co-ordinated in that also.

    • Post ‘em all, we’ll sort them out. I might add, you guys are nimble business types…nothing too small has gotten by you on this web site development. This site is loaded for ka-ching. Nothing wrong with that at all. It is the lousy PM manipulations that have me going…I really desire justice in the same vein as the Enron collapse or the Bernie Madoff ponzi. I want the sentencing guidelines to be applied to everyone involved, going back to the housing bubble collapse to today’s obvious manipulations PLUS fines.

  9. @WaitingForSilver  I think we are most always on the same page bud.  This was definately a scheduled meeting as I have it in my notes back in February.  This site is becoming more a conspiracy site by the day.  I guess that is what is needed to keep buyers interested, but it really hurts credibility with the long time readers like myself.

    • It was Reuters, not  Bill Holter at Miles Franklin that first characterized this meeting as informal, and that even one of the delegates didn’t know why the meeting was called.  Go read the story I linked in the radio write-up.   It’s also 100% true that they were trying to keep advace press coverage of this meeting limited.  SD publishes plenty of stories that are sensational and over the top.  This one really isn’t a big deal.   The minsters WERE talking about the subjects Holter mentioned.

    • There is no need for these silly stories, there will be no end game. Just the rules changing. In the UK we have a major story of a once credible entity, which in its day was larger than a bank (the Co-op) going to the wall, where the now defunct FSA missed the fact that the book debts were unrecoverable. This is real news. How could a watch dog miss this. There are questions to be asked of why are governments looking to recover taxes from corporates only now. This tells me that governments need to recoup as much Money as possible and are now deciding to chase taxes. When this happens, you know there is trouble in the budgets, maybe they think that companies paying real taxes has been the problem all along. Insightful huh :-)  
       
      The two major discussion points at this meeting were about taxing corporates, and Japan. Amazing how the US were allowed to flood the markets with fiat, but not the Japanese. Might is right as the Indians say.

    • Re: “Amazing how the US were allowed to flood the markets with fiat, but not the Japanese. Might is right as the Indians say.”
      Aww, don’t feel too bad, another Empire had their day in the sun, flooding the markets with pound notes, back when it was assumed that each one was backed by a sovereign. Might is right, as the Boers found out.

    • @Kennith,
       
      and yet we allow it to happen again. And again. Boers? Dutch invaders of a black man’s land? What’s so different between a Boer and a British Colonist?
       
      I think your confusing nationality with basic right and wrong. How could America be so audacious to say that Japan couldn’t do what the Americans have been doing for the last 4 years?
       
      As a Welsh man I find it terrible that we celebrate Roukes Drift as a major Victoria, but I don’t go on about it. Its history. 
       
       
      As for Britain flooding the World with Pound Notes, when was this? And each Pound note was backed by Gold, right up until the later part of the first world war. Admittedly The British did debase the Guinea after the Napoleonic Wars with the great re coinage of 1816. But we never debased our currency during peace times, because of financial pressure, that was the whole point of the gold standard. Yes we did sell Opium to the chinese in exchange for gold and tea, but we never came off the gold standard. When we did come off the gold standard, it was because of American self profiteering interests, and the French, being …well…French.   

  10. There’s no way to close the current system w/o a total collapse, they know it, and this whole article is strange.

  11. Yawwwwnnnnnn!

  12. Elite Gather on Gated Island for Secret Meeting.
    Maybe Bill was talking about this meeting Lol
    http://www.blacklistednews.com/Elite_Gather_on_Gated_Island_for_Secret_Meeting/25951/0/38/38/Y/M.html
    may as well get all the conspiracy theories going. Lol Keep Stacking

  13. Right,  I also remember Jim Sinclair saying three months ago that gold had bottomed and we would now see $1600 receding in the rear view mirror never to be seen again. 

  14. Is it not time the Silver Kings get orangized and buy a few broadcasting media stations and radio and expose  the luciferians, and maye a Michael Moore Docummentary on ‘naked Shorting’ and the rigged markets..these things can be done ..the TRUTH shall set you FREE ,still apply even more so NOW..IMO
    Free Haircuts for all, more sooner than later.

  15. It’s all conjecture to say what is going to be disgust at the G-7 meeting.   I read an article once where they all sit around with the lights out trying to guess who just farted.  

  16. What the article is pointing out is that things are on very shaky ground for several fiat currencies, the dollar being one of them.

  17. Yes, the fiat currencies are on shakey ground, and the dollar especially.  If there is talk about QE ending, it is not the results of the end of printing, it is the reasons for the end, that are creating the concern.  They are realizing they are about to reach the saturation point of paper money on the planet.  The bubbles are inflated, the markets are at all time highs, thanks to the 85 million a month.  (At least the ones they want to be higher).   Why is it that the Chinese are willing to spend their U.S. treasury notes on PM’s, dumping more fiat paper into the mess, while the west is just sitting back watching their domains dwindle towards worthlessness.  I can picture that 6 out of 7, and 19 out of 20, G7 and G20 nations are about ready to dump the dollar.  The only way the U.S. will be allowed to play is if they quit printing.  Which will raise interest rates, and that is not what the U.S. can afford to do… at any cost.  The only distraction big enough that the U.S. will be able to come up with is probably a war.  Yes, the entire scenerio smells like total havoc is on the horizon.

  18. “The bubbles are inflated, the markets are at all time highs, thanks to the 85 million a month.”
     
    That would be $85 BILLION a month… 1000x more than $85 million.
     
    “Why is it that the Chinese are willing to spend their U.S. treasury notes on PM’s, dumping more fiat paper into the mess, while the west is just sitting back watching their domains dwindle towards worthlessness.”
     
    Because the Chinese know REAL money when they see it?
     
    “The only way the U.S. will be allowed to play is if they quit printing.  Which will raise interest rates, and that is not what the U.S. can afford to do… at any cost.”
     
    This is definitely a Catch-22 situation.  They cannot afford to quit printing and they also cannot afford to print because of the consequences it will have for the UST bonds, dollar, and Gov.
     
    “The only distraction big enough that the U.S. will be able to come up with is probably a war.  Yes, the entire scenerio smells like total havoc is on the horizon.”
     
    Indeed.  Distraction MUST be provided.  Now, how to work it so that those who are messing with us on the monetary end of things are also the ones who end up on the other end of the shooting?  Wait… I know… the Syrian Gambit comes to mind.  Plan A will comprise Syria biting the dust, Iran biting the dust (bonus!), Turkey firmly pulled back into NATO orbit, ME oil producers siding with the top dog, as in US-UK-EU alliance, and the Russkies and Chinese sitting there with egg on their faces.  Plan B?   Well, hell, with all the wonders of Plan A, we don’t need no steenking plan B!  lol
     

  19. Planned or unplanned it just doesn’t matter. I guarentee that the main topic of discussion at these meetings is how can they stop the gold tidal wave that their (the G7) central banks have triggered in the physical gold market. Comex is going to be interesting to watch next month, how will they respond when orders for physical are more than they supposedly have available for delivery? I’m not saying that’s a definite, but certainly a good possibility. To those who say that we are seeing physical accumulations rather than shortages, where are the pictures? Where are the audits of these inventories? Who oversees the banker cartels running these ponzi schemes? I don’t believe their numbers, I just put my savings in tangibles, namely gold and silver. You can do whatever you want with the fruits of your labor, I prefer to keep mine, rather than give it away for meaningless paper promises. We will see the criminals commit crimes right up to the very end. I expect the day before a default for them to furnish us with stats, and commentary saying gold is dead, and that there’s no shortage, that gold practically grows on trees and can be produced by the flick of the federal reserve’s pen, but I will never trust them, no matter how many ruses they attempt. They can’t print gold and silver, so they will use any weapon in their arsenal to defeat the hated adversary, but it won’t work. They may win some battles, but the war’s outcome has already been decided by the bankers outrageous attempts at monetary alchemy. With every dollar the fed prints, we as a nation become poorer, and with every oz of gold China imports they become stronger, it is just a matter of time before their policies force them to trigger a major war, probably with China and Russia. All to keep the power to control us through our money, a tool the banksters would rather die than give up.

  20. None of us are going to live forever while we wait for Gold and Silver to consolidate or crash. Where are all the uplifting hang in there’s while Gold and Silver continue to get the literal shit kicked out of them. Where is the plan that can be backed up without supposition, by all the Guru’s that article here. If Gold and Silver come back to the riches proclaimed, it will surely not be in my lifetime.

  21. I think this is the perfect article and list of replies to leave on the home page.  IT WILL GET PEOPLE OFF THE FENCE!  I cannot think of any reason to let go of my gold or silver, for anything less than 10 times my investment.  The bankers might bankrupt the country… as well as themselves, but it will not bankrupt the physical owners of PM’s.  At this point I would rather be in China’s corner and be a owner.   

    • I agree, and that also means that you can’t be so committed that you can’t take care of daily needs without selling your stack.  Stack, tuck it away, don’t think too much about it, don’t get hung up on how pretty it looks… just definitely don’t forget where you put it!

  22. luciferian head games ,manipulated silver prices screwing with weak minds..there is a difference between paper certs being ‘naked’ shorted a phyzz..naked shorting can not last..

  23. DOES ANYONE REMEMBER JIM SINCLAIR SAYING THAT BY APRIL ALL THE PAIN IN THE METALS WOULD BE LONG HISTORY? DEAD WRONG!! DEAD WRONG!!. NOW EVERYONE IS BEING PARADED OUT ON KING WORLD NEWS AND OTHER OUTLETS DECLARING THAT THE COMEX AND LBMA IS GOING TO DEFAULT AND PRICE TARGETS OF CRAZY NUMBERS JUST TO KEEP EVERYONE HANGING ON. PEOPLE WITH THE IDEA THAT THE U.S. IS IS GOING TO IMPLODE OR THE DOLLAR IS GOING TO COLLAPSE ARE WRONG. THE DOLLAR WILL GET STRONGER FROM HERE AS THERE IS NO OTHER GAME IN TOWN RIGHT? LONG TERM YES THEY ARE IN TROUBLE BUT THAT IS FAR FAR AWAY. THE METALS ARE IN FOR MORE LONG TERM PAIN.

    • You are absolutely right… but pity… most don’t listen, they just follow the herd especially Newbies, Weak Hands and BUGS!
      I don’t feel sorry for them. With so many articles and nonsenses flying in the Internet, the average will not have the ability to discern what is true; what is not true; what is short term; what is long term. And I can’t blame them.
      What ZH says is true… On a long enough timeline the survival rate for everyone drops to zero.
       

    • I do not want to upset you, but your faith in the U.S. dollar is too optimistic for three reasons:
      1. A strong dollar (against gold and other currencies) – the inability to pay debts in U.S. dollars and the death of the U.S. economy.
      2. A strong dollar (against gold and other currencies) – it’s the end of gold reserves in the vaults of the United States and instant burst for the empty USD bubble.
      3. The whole world is tired from free lunches for the country parasite – United States. So, the dollar is doomed:
      http://www.testosteronepit.com/home/2013/5/12/russias-plan-for-the-brics-to-dismantle-the-dollar-system.html

  24. I have a great idea !!! Why don’t everyone who is unhappy that the Gold & Silver Bulls’ predictions have not come true yet do this – SELL ALL YOUR GOLD & SILVER, NOW !!! Then enjoy the cash you get and buy yourself the latest gadgets, wine, vacations and DIAMONDS (because Diamonds are Forever, LOL) !!!
    As for me with my very meager stash of a few ounces of silver, I will just hold on, and ENJOY THE Roller Coaster Ride, from here on !!! Those who can’t take the thrill, should just THROW UP (ooops, I mean, throw in the towel)!

  25. There’s a reason why countries the world over (particularly China and India) are attempting to acquire as much gold as they can get their hands on. I don’t think it’s because it’s pretty.
    If THEY’RE on to something, I want to be on to the same thing. And I will be, for the same reasons.

  26. @FMtBull & Ed_B, good post.  Interesting at a minimum.  Have I been away, or is it quality posts?  
    Thought provoking to say the least.  Thanks.      

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