Jim SinclairIn an email alert sent to subscribers this weekend, Jim Sinclair warns that bail-ins are coming to the US sooner than anyone expects, and has issued a 6-POINT CHECKLIST to avoid being on the short end of the coming bail-ins.
In order not to be bailed-in you must diversify your liquid capital to the BRICS or a quasi BRICS. The area to keep funds is Taiwan, Singapore and Hong Kong, not Switzerland, the Bahamas or any two bit tax shelter country. If you are there then move.

Sinclair’s 6-point task list for ensuring you are out of harm’s way for the coming bail-ins is below:

 

eagle_sale

 

From Jim Sinclair:

Bail-in is coming faster then we know. For god’s sake protect yourself. Come to the Q&A.

 

Get Out Of The System

Dear CIGAs,

You need not change your investment profile if you close a tax incentive retirement account.
You need not sell anything in order to close your tax incentive retirement account.
You need not sell your gold and silver to move it to a depository that is outside of the Western financial system.
You need not stop any type of trading you are doing in any market you favor.
You need not change your taste for the currency that you use to keep deposits in.

The necessary is as follows:

1. Email me about true custodian-ship
2. Take your shares out of street name at your broker and instruct them to move them to Direct Registration at the transfer agent for your company.
3. In order not to be bailed-in you must diversify your liquid capital to the BRICS or a quasi BRICS. In time and privately I will suggest banks, but for the time being know the area to keep funds is Taiwan, Singapore and Hong Kong, not Switzerland, the Bahamas or any two bit tax shelter country. If you are there then move. This may be the shortest must do but it is the most important do.
4. Storage of bullion is a very delicate subject. The first question that I strongly suggest you ask concerning the storage insurance policy is does it insure you against the storage company, any employee, any consultant or associate stealing the gold via any method including accounting fraud. The next question is what member of the big four auditing firms reviews the accountant’s statement and signs off on it as accurate and audited as compliant with International GAPP (International General Accepted Accounting as compared to US or Canadian GAPP Procedures).

Your gold must be in allocated form. Any other form is madness in today’s world. Waiting for fabrication to get your gold or silver is the scariest words I have ever heard or read. Storage should be diversified including storage in Singapore. For more information on this ask Egon von Greyerz evg@mamag.org.
5. Keep $5000 in cash and as many one ounce gold coins at home that you are willing to give up.
6. Hold a permanent residency permit in a 2nd country of your selection, taste and comfort.

 

I have no business arrangement nor do I receive either directly, indirectly or tangentially any payments from people I recommend. I mention them because I trust them to treat you correctly and put your affairs before their own.

Click here to view a list of banks in Singapore…

 

Governor Jeremy C. Stein
At the “Rethinking Macro Policy II,” a conference sponsored by the International Monetary Fund, Washington, D.C.
April 17, 2013

 

“First, and most obviously, one goal is to get to the point where all market participants understand with certainty that if a large SIFI (Significantly Important Financial Institutions) were to fail, the losses would fall on its shareholders and creditors……”

 

Link to full speech…

 

Silver Buffalo Rounds As Low As
$.99 Over Spot At SDBullion!

    • Probably not Ed, in fact, why don’t you ignore Sinclair completely and leave yourself fully exposed to the banksters? Should be just fine.

    • I like this better than a bottom call and price predictions. 
      It jives with other known info. Most said JS is goofy or crazy, but not crooked 
      :D  He and 1 trick Polny  :D

    • Sadly, Jim has lost his marbles.
       
      Bail-ins are a distraction. What is real is the collapse of the dollar / debt bubble, and that is coming very soon. How will bail-ins work in a time of no currency??

    • I am not anywhere near fully exposed to the banksters now and none of that positioning has a thing to do with Sinclair.  
       
      I am merely asking a question.  Those who prognosticate really should have some RECENT correct calls to back up their credibility.

  1. I was talking with another SD Regular and that person attended one of Sinclair’s symposiums.  The tenor of this meeting was such that no one would deny his lucidity and his care and concern for others.  Why there is such a disconnect between the way Sinclair spoke to the London group and how his thoughts are presented here is unknown.  But given that the SD regular found his words to be thoughtful and congent, makes me think that somehow, what we read is not the same message as Jim tries communicate.
    As to bail ins, they are a temporary remedy, albeit a trillion dollar remedy that will be used when and where it is thought that the depositors can be conned, seduced or forcing into giving up their savings without the populace racing into full scale revolt at this blatant theft of their funds. Look at the reactions of the Turkish people riots to an authoritarian government;  their grief is not even related to bail-ins.
     People world wide will get the message quickly once a few more Cypruses happen in 2013 and 2014  The bail-ins are a certainty since most of the developed world’s banks and central governments  were set up and  primed to  execute this strategy for months if not years.
    But bail-ins are temporary since the real money is in the equities, MMAs and private pensions.  Any war is started with short sharp sallies and forays into the camps of the adversaries and their valuable resources.
      If bankers, banksters, central banks and governments decide that they need to invade the sanctity of the personal resources of the people, and plan to do so with the same vigor as they  used to invade and corrupt our privacy with means both physical and digital, then bail-ins are the first salvo. You will know with complete certainty that this is going to happen when you hear our government vigorously denying that this is their plan.  That is when the jig is up.
    The Chinese central bank just had a failed auction with 30% of their bonds going unsold.  That is creating a real liquidity crunch in the regional banks. How that will play out, China, of all the major GDP countries, would seem to have the propensity to bail-in their banks. They are the least free of all the major GDP nations.
    Maybe they will have to experience greater failures.  China is quickly revealing itself as the world’s largest Potenkin village of fiscal insolvency.  Between Japan and China, I think Japan will experience a catastrophic crunch first, but when and if that happens, China will be hit like a ton of bricks by Japan’s trade, bond, Nikkei and trade deficits once Japan hits the skids. 
    Not so much due to China’s reliance on Japan but more due to Japan and Abe’s desire to distract the people from their woes through war-like sounds against the Chinese.  That is a really bad idea but to a jingoistic sort like Abe, it’s about the only trick up his sleeve right now

    • Sorry Jim, but I’ll dig a hole and die with the secret of the location of my wealth before I trust it in the hands of a Communist nation! They used tanks and troops on peaceful monks, what? Last year? When they hurt, they’ll sack all accounts within their borders.

  2. SD likes to link the bail-ins story because this site claims it broke the story about bail-ins.
     

    @duckvision : actually we did break the story on The Fed, BOE, and Canada.  http://silverdoctors.com/fdic-bank-of-england-create-resolution-authority-for-unlimited-cyprus-style-bail-ins-for-tbtf-banks/
    http://silverdoctors.com/canada-includes-bail-in-provision-for-systemically-important-banks-in-2013-budget/
    Zerohedge did break the story on the Cyprus bail-in.  We personally searched for and read through those Fed/BOE, and Canada resolution documents.
    -Doc
     

     

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