Here’s the global financial crisis in a nutshell: access to easy credit can solve a temporary liquidity problem, but it can’t increase the value of collateral or generate income.
Once the liquidity typhoon dies down, the insolvent pigs will plummet back to earth. That’s what we’re seeing in the periphery economies and shadow banking systems around the world.

Ron Paul Jim RogersThey will take our retirement accounts.  They will take our 401k’s.  They will say ‘you’ve all been having such hard times earning money in your 401k’s is we’re going to save you with 30 year gov’t bonds which are guaranteed at 3%, and you give us your retirement assets in return.’
In the 1930’s they took gold, this time I don’t think they will take bank accounts, but I would be very worried about having an IRA or a pension plan in the United States.
  -Jim Rogers
They will do what they think is necessary and they’ll use force, intimidation, and guns, because you can’t challenge the state’s so called right to control the money.  They will confiscate retirement funds if they need to do it.  Eventually if you have private fund, the people I know in Washington, they’re quite capable of saying, You’ve got to save the country, you can buy Treasury bills from now on!  -Ron Paul

In the words of The Sovereign Man:  This is happening.
Ron Paul & Jim Rogers’ MUST WATCH prophetic warning on Obama’s MyRA & gov’t confiscation of retirement funds is below:

china goldIn the trading week from January 20th-24th, 57 tons of physical gold were withdrawn from the SGE vaults!
This is the third week in a row SGE withdrawals have been more than weekly global mine production.
In the first 24 days of 2014 withdrawals from the SGE accounted for 216 tons. With one trading week left this month it’s very likely January 2014 will break the all time record of monthly withdrawals, surpassing the 236 tons from April 2013.
Are we witnessing the height of the Chinese gold rush?

The severed link between money and goldThe permanent relationship between money and gold as a wealth metal has always been a very delicate one. The efforts to sever the link between money and gold were always very dubious.
Why must monetary gold be demonetized!? As long as the gold pricing stays in the monetary system, its valuation will remain volatile and hectic.
These manipulative price swings can only stop when the physical metal is not artificially backing anything anymore in the financial/monetary complex. That’s what the ongoing official/central bank and private shifts in physical gold ownership are all about!
Physical gold must be properly redistributed on a global scale as to reach an international agreement on non-monetary gold revaluation. The ongoing central bank gold reserve turbulence during the past two decades must definitely have taken place for a purpose! The world’s pro-gold factions want Free Floating Gold Value (Freegold) without any monetary link. That is the valuation of demonetized physical gold and not unfree monetary electronic gold. The private market of physical metal is in progress to corner the manipulative priced electronic gold.

I’d like to introduce you to Mrs. Louise Boyer, a very decent lady and a highly competent secretary.  So competent, in fact, that she spent nearly three decades working as the personal secretary of one of the most powerful men in America, Governor Nelson Rockefeller.
From rubbing elbows with the high society of the world, to arranging his personal meetings with national and international leaders, coordinating his political events, or seeing to the details of his extensive travels, this was obviously an intelligent, capable, and steady lady.
At least, she was.  Until she decided in the summer of 1974 to contact a New York newspaper and tell them that she was privy to explosive information regarding the Rockefeller family arranging with the Fed for large amounts of US gold to be sold and shipped to buyers in Europe, reportedly at the official price of $42.22/oz, while gold on the open market was selling for somewhere around $175/oz.
Three days after the publication of the article, Ms. Boyer was found dead, having “apparently” thrown herself through the windows of her tenth-story New York apartment and plunging to her death.
The elaborately concocted story that followed, attempting to convince the public that the Fed still held the US’ gold, is below:

Bernanke taperThe second tapering reduction, a further $10bn per month, was announced this week. It was we are told by the news channels fully expected. This is probably the initial reason why US Treasury prices rose on the news, because bears would have bought back their positions. However, weakness in emerging market currencies indicates that there is a safe-haven element developing in US Treasury bond prices.

gold crashJim Sinclair is correct to claim that “U.S. Major markets will Implode, if Emerging Markets Implode.
Indeed, our Mid and Long Term Forecasts for a Major Market Crash in 2014 have been thus Far spot-on Correct.
Last week’s 600 Point drop in the Dow is the First Major Harbinger of The Great Crash we have been forecasting for Months.
We are just seeing The Beginning of The Beginning.

gun forcedIn his latest interview, the Golden Jackass discusses the Obama administration’s move to force retirement assets into the MyRA ponzi fund of toxic US Treasury bonds.
Willie states that the MyRA will be a forced government IRA and will include toxic Fannie Mae mortgage bonds, and like SD’s AGXIIK, he states that private pension funds will be targeted next!

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Gold VaultHarvey Organ joins the SD Weekly Metals & Markets Wrap this week to warn of a possible February COMEX Gold Default:

  • Continued decline in “registered” gold inventory at the COMEX- 2o tons of gold “kilo bars” withdrawn from JPM vaults headed to Hong Kong!
  • 2014 will mark the year where physical forces deep “managed retreat” in the least
  • Geopolitical and Global Macro review:  From MyRA & pension fund confiscation to Ukraine & Emerging Markets
  • Fed Taper Review- Eric believes the Fed will overshoot tapering to $50 billion/month, while Harvey believes Wednesday’s taper will be the last
  • Harvey discusses why February may very well see strains to the point of the long anticipated COMEX default in gold!

The SD Weekly Metals & Markets with Harvey Organ is below:

Historic Horn Silver MineIt’s been an incredibly tough last couple years for the miners.  Not only have they had to endure sharply falling metals prices, they’ve had to battle continually rising operating costs.  For the producer companies this combination has been a margin killer.  And for the non-producers it’s been flat-out devastating.
Mining companies that are non-producers obviously don’t generate any revenue.  They are junior-level companies in various stages of exploration and/or development.  And they primarily rely on investor capital to fund their operations.  In some cases they are able to procure bank loans, but this is the exception.
If it costs more to operate, and the prospects of juniors’ metals of focus fade via falling prices, investors lose incentive to subscribe to their shares.  And if investors aren’t subscribing to their shares, then capital quickly runs dry.  This is a major problem in a capital-intensive business!

Atlanta Snowpocalypse - Photo Posted On Twitter by Ryan DuckworthThis week, three inches of snow “paralyzed” the ninth-largest city in the United States, and the highways of Atlanta “resembled a scene in a post-apocalyptic world” according to national news reports.  Hundreds of cars were abandoned on the side of the road, people were spending the night in churches and grocery stores, and many walked for hours in a desperate attempt to get home or find needed provisions. According to USA Today, highways around Atlanta resembled “a post-apocalyptic world” at the height of the storm…
If three inches of snow can cause this much chaos in one of our major cities, what will a full-blown economic collapse look like?
Most Americans have no idea how fragile our way of life is.  In the event of a major natural disaster, a massive EMP blast or a complete economic meltdown, our lives would change very rapidly, and most people are totally unprepared for that.

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Jim Willie gunThe Doc sat down with the Golden Jackass himself this weekend for an in-depth interview covering the state of the gold market and the Western banking system.
Willie discusses the German efforts to repatriate their gold reserves (along with the implications of only receiving 5 tons from the NY Fed in year 1), as well as Bafin’s investigation into precious metals manipulation and why unlike the CFTC’s, it is likely to result in criminal charges.
Finally, courtesy information provided by a high level executive at one of the world’s leading private refineries, Willie reveals the ‘smoking gun‘ evidence that proves US gold was rehypothecated over a decade ago!

Jim Willie’s full MUST LISTEN interview with The Doc is below:

In this outstanding interview, Billionaire silver advocate Hugh Salinas Price was asked if the gold & silver markets are manipulated:

Of course the gold and silver markets are manipulated. You have to be either blind or a Harvard Graduate with doctorate in Economics to ignore the fact.
The purpose of the manipulation is the same as the purpose of the French Revolutionaries in attacking gold when they were printing their “Assignats” paper money like crazy; to try to suppress the indicator which showed the destruction they were carrying out with unlimited printing of fiat money. Gold tells the Truth and so it is an enemy of those who wish to deceive their populations. Paul Adolph Volcker, famous former head of the Federal Reserve of the US, once stated: “Gold is my enemy”.
Gold will triumph over paper. It always has, ever since the Chinese invented paper money many centuries ago. But in the meantime, paper money is twisting the economic facts to such a degree, that enormous distortions are taking place in the markets. Enormous investment mistakes are being made. All this will become evident in due course; a gigantic collapse is going to take place and many who think they are very wealthy will find they have next to nothing.

Salinas Price’s full MUST READ interview on why Gold is The Fed’s enemy is below:

smash popEric Sprott of Sprott Asset Management predicts, “The price of gold and silver will both hit new highs in 2014. The price of gold goes north of $2,000, and silver will quickly go over $50. When it does, it will get a little crazy.” Sprott says,
They know a day of reckoning is coming, and they are setting up for it. . . . I am convinced some sovereign banking systems fail in 2014.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with $8 billion money manager Eric Sprott.

launch rocket verticalWe are at the doorstep of a major USTreasury Bond breakdown. The TNX (10-year bond yield) is at the 3.0% doorstep, as 3.5% looms very likely in the coming months. If and when the breakout comes, it will make the Taper Talk backfire seem rather insignificant, as a gathering storm will hit like a financial hurricane on every continent.
A currency crisis is in powerful early stages, an extension of the enduring Global Financial Crisis that bank leaders had no desire in quelling for over five years running.
A USDollar currency crisis eruption could send the 10-year USTreasury Bond yield past 3.5% easily, then later toward the 4.0% level in a sudden burst. 

It is not just the Gold market they are losing control, but the nemesis to gold, the USTreasury Bonds.
Russia & China are at an advanced stage to replace the USDollar in its key role as trade settlement medium and global reserve currency within banking structures.
The big conflict will come when the Chinese no longer are able to convert their USD sh*t paper into Gold bullion.
Only then will Beijing light the fuse.

Blythe Masters Jamie DimonIn another stunning withdrawal, JP Morgan had  an additional 321,500 oz  gold ounces removed from its vaults today.
Since last Thursday, JP Morgan has lost 44% (20 metric tons = 643,000 oz) of its gold inventories.

If a picture is worth a thousand words, then the table below is worth over $400 million (at current market prices):

With last night’s announcement by President Obama of his new MyRA, the “No Risk, Guaranteed Return” Retirement Savings Bond Program, we thought it apropos to bring back AGXIIK’s November 2012 warning that President Obama had begun a push to confiscate Americans’ IRA’s & 401k’s, and force retirement assets into treasury bonds.
While many have scoffed, we have long warned at SD that Americans’ retirement plans are the last remaining bastions of wealth for the criminal banksters to pilfer, and that they will ultimately be confiscated via forced allocation into treasury investment vehicles.
With President Obama’s State of the Union speech on 1/28/2014, the process has officially begun.
As AGXIIK warned, Please realize that this is 100% about funding $1.5 TRILLION annual deficits using Americans’ retirement funds, as there is simply no other remaining pool of wealth able to soak up $1.5 Trillion in T-bills annually.

AGXIIK’s Full MUST READ 2012 Warning on Obama’s Plans to Confiscate 401k’s & IRA’s is below:

empire revoltDoug Casey of CaseyResearch.com warns, “Were going into what I call ‘The Greater Depression.’ It’s going to be much more serious than what happened in the 1930’s. . . . A depression is a period of time when most people’s standard of living drops significantly.” Casey explains, “There is a gigantic amount of debt in the U.S. at all levels—governmental, corporate and individual. Debt is a sign you have been living above your means. It’s a debt bubble, and this is a major reason the government wants interest rates low. When interest rates rise, it makes it harder for people in debt to service that debt. They are simply delaying the inevitable at this point, but it is inevitable what is going to happen, and we are going to have a fantastic depression.
On physical gold and silver, Casey says, “Gold is more important to own and perhaps a better bargain now than in 1971 or 2001, and the same is true of silver.”
Join Greg Hunter he goes One-on-One with investor Doug Casey.

silver bullet silver shield sbssThe Financial Survival Network has released an excellent interview with firearms expert Mark S. Mann discussing the extreme shortage of ammo caused by fears generated by the Obama administration combined with massive hoarding by the 3 letter acronym federal agencies.
Mann states that ammo prices aren’t going down any time soon-rather they are set to begin another rapid price spike in the near future.
Mann’s full interview is available below:

Own physical gold because the old system will implode. Those who own paper assets are doomedI have no faith in paper money, period.
About 20% of my net worth is in gold.  I don’t even value it in my portfolio.”
Individuals are making a mistake if they’re holding all their assets in one country.…I still have the majority of my gold in Switzerland, but I am already moving gold to Asia.

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JPMorgan Tower In London - Photo by Danesman1Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression.  Well, it just happened in London, EnglandA vice president at JPMorgan’s European headquarters in London plunged to his death after jumping from the top of the 33rd floor.  He fell more than 500 feet, and it is being reported by an eyewitness that “there was quite a lot of blood“.  This comes on the heels of news that a former Deutsche Bank executive was found hanged in his home in London on Sunday.  So why is this happening?  Yes, the markets have gone down a little bit recently but they certainly have not crashed yet.  Could there be more to these deaths than meets the eye?