AGXIIK is ready for Ebola:
AGXIIK is ready for Ebola:
SD’s AGXIIK recently traveled to Reno, Nevada to meet with and interview Cliven Bundy and family.
The first hand account of the Bundy standoff (including the unreported account of Bundy’s sons courageous confrontation with the Federal forces while lighted up by sniper lasers) is below:
I reviewed the Reno Gun show last August. Click here to read that report. How times have changed, and for the better.
At the 2014 Big Show, dealers had nearly unlimited amounts of all the popular pistol, rifle and shotgun ammunition.
Prices were more than 50% lower than the Reno Gun show of early 2013.
As a matter of fact, with no lines and no limits, the buying experience was fairly routine and enjoyable.
We saw people with dollies full of ammo cases being toted to the exit doors.
How many banksters will do a Perp Walk over the next 3 months?
Submit your guesses below…3 PHYZZ prizes are on the line!!
The SD Weekly Metals & Markets With Special Guest Host AGXIIK is Below:
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:
SD contributors including The Doc, Eric Dubin & AGXIIK will once again join SD readers for a LIVE CHAT blog for The Bernanke’s LAST FOMC statement, starting at 1:45pm EST!
Will Bernanke continue the taper before Yellen steps in, or hold serve? Discuss the event with the SD community LIVE!
I’m going to clear the air on this matter. For over 2 years I’ve been writing about the impending federal takeovers of pension plans.
10 countries in the Europe and South America have engaged in pension theft, conversion or expropriation to fund government operations.
It is quite likely that we will see more of this theft in 2014, and before the financial crisis is over, probably from the TSP.
The brokerages will be completely compliant with these actions just like the Bail-in provisions signed by the FDIC, FED Bank of Canada and BOE, as was reported here on Silver Doctors in 2013.
Like Detroit with its complete expropriation of the $11,000,000,000 in pension plan funds, the Feds will use the $1.6 trillion in the TSP as they see fit. They are patterning this on Poland and the NDRP. Poland recently confiscated 28 billion in Euros to reduce their country debt to 56% of the GDP.
The government simply took the funds from the private and government pension plans WITHOUT ANY COMPENSATION.
Surely that could never happen here!
The coming move and mania in silver will be breathtaking and will resemble the Tulip & recent Bitcoin manias.
Silver might take 10 months to peak and 2 months or less to retrace much of its price increase. It might be a $100 billion market in the US.
The market will be completely overrun and choked with silver, yielding an inventory that might not bleed off for years. The price rise will be fast; the drop will be fast was well. That’s the way this always happens when smart money gets in first and dumb money comes in last.
Getting out at that inflection point will be a doozy; the ride heady. Nearly everyone will be sucked in with dreams of becoming silver millionaires. Those who bought at $30-40 will be vindicated.
The price rise will be a Rhino Horn in shape. When the price increase hits about 80 degrees from the horizontal axis, the peak will be reached in short order. It will look a bit like the national debt chart of the last 60 years. Parabolic and then some.
The price peak will be reached. Check your heart at the door as the euphoria will be intoxicating and dangerous for your financial health.
Taper or No Taper? Will the cartel attempt to smash gold & silver below the June 28th lows of $1179 and $18?
SDLive debuts as an Open Interactive Thread for SD readers to discuss the day’s events, Bernanke’s last FOMC Press Conference, and the reaction of the markets.
The Doc, Eric Dubin, and AGXIIK will be covering the news and chatting live from 1:30-3pm EST!
Taper/No Taper Open Thread-your chance to interact directly with The Doc, Eric Dubin, & AGXIIK!
Since June of 2012 I’ve been talking about Iran circumventing SWIFT and though it hurt their economy, initiating devastating inflation and great harm to the Iranian people, Iran has taken the hits from the sanctions but founded what could now be called the PETRO GOLD system. It’s allowed Iran to sell oil to China, India and Japan for gold.
Iran was able to ship oil in shadow tankers, GPS turned off, receiving wheat, edible oils and gold in exchange. Dubai was a laundering point for the gold along with Turkey as a transhipment point the gold payments.
Iran proved this system worked and it dovetails nicely into China’s plans. This may have been one of the most important puzzle pieces that came out our sanctions.
The jailer may find he is a prisoner of his detainees when sanctions reverse course and bite the US in the a**.
The Dollar’s fate lies in China’s Hand. Gold is the key to this fate. The Chinese Central bank’s fingerprints are all over the gold manipulation story.
The Chinese play the gold players like fiddles, rigging the price of gold lower to take in as much as they can.
Like Sun Tsu said, If you can win the battle without fighting, that is a good war. They’ve not fired a shot. They’ve used our currency reserves to buy up our gold.
The existence of our world reserve currency status will depend on how and when China shows the world what they hold in gold. That report is due in 2014. Once they show the world they have the gold to back their currency, the entire world will flock to the winner.
The fate of the dollar is almost entirely tied to China, its gold holdings and the value of gold once its real value is set.
$50,000 an ounce could become a real figure.
There has not been a peek in Ft Knox for nearly 60 years. Empty of gold? Probably. Or spoken for (rehypothecated) 5 times over and that situation, if it’s a fact, would be a real crap storm since the claimants are probably central banks. Germany’s 300 tons of gold? Pfah. Get lost Merkel. The emperor’s golden threads are just dross. No one will get to see what’s there, move along.
Meanwhile, the Chinese are quietly backing their currency with at least 20,000 tons of gold. Not 10,ooo or 5,000. At least 20,000 metric tons.
A SilverDoctors Exclusive:
I thought I would opine on JS Kim’s recent SD editorial- Breaking Bad With Big Bank CEO’s. You’ve probably read Kim’s work. Many like us lived what he has spoken of in this and other essays. In my experience, what JS Kim writes is very accurate.
I was mid level corporate officer; my name on the annual report; top salesman 4 years; the 4th largest shareholder of the bank, right behind the President, Chairman of the Board and a private investor.
We could have coined the term ‘Muppets’ when referring to our clients. I never recall a single client referred to in a positive manner.
The only thought was how to extract the maximum yield without killing the herd. One stated policy was called “Bump Rate”.
Senior officers referred to that policy when renewing lines of credit. The loan officers jacked the rate when renewing a credit line, knowing that the client would accept that rather than move his accounts.
Many of our office meetings resembled a cross between a carney barker shilling cheap thrills rides and Torquemada questioning his victims.
We hit our clients with the highest rates possible when originating loans. The Preferred Lender Program was our tool to get the deal through underwriting and closed before a competitor was able to reach into our pockets and take the client.
The snarling and gnashing of teeth of bankers fighting over their prey made resembled hyenas going after a wildebeast.
There was a time when $1 of government stimulus money would boost the GDP by $16. Now we talk daily about it taking $3.8 trillion to run the Federal Government and for each dollar of stimulus the GDP grows 8 Cents.
This equation of how much it takes to run the government and the results that are achieved could be called the EROI. Today it is less than 0.1. Government is just a sucking black hole of negative returns and dry wells that would make an wildcatter weep.