dollar collapse panic

Where are consumer prices headed and how this might affect precious metals?
This looks like the beginning of a severe deflationary cycle.
It is going to get worse before it gets better.

The central banks will try to correct this deflationary spiral with further reduce interest rate reductions, massive new doses of QE, moving even deeper into negative territory, a strategy that has proven to be a complete failure.
This does not bode well for any asset class.
Excess cash will not be loaned out, thus cramming more capital into the bank balance sheets, doing nothing for the global economies except stockpiling fuel for a burst of hyperinflation.

fire

Austria’s Hypo Alpo has taken down 3 small banks in Austria and Germany that were leveraged to 98.5% of their capital.  200 million Euro losses killed these extremely leveraged banks. Small losses kill small banks.  Large losses kill large banks. There are plenty of large losses in the wings; trillions in fact.
The first horse out of the barn gets scorched least. The fire sale and blood baths will be epic.
The largest ships are leaking from many holes in their hull  It’s not a matter of them sinking; it’s how the passengers expire.   The few will climb on top of the many before all drown.
Life boats are lacking; most already filled with those prudent enough to get off before the ship sinks.
Silver life boats are in order. Got yours?

As 2015 begins, AGXIIK has shared a heart warming story of his journey to share his gratitude to the Greatest Generation by giving away a Heroes DDay Silver coin to every Veteran of World War II he encounters. 
AGXIIK shares his story, experiences, and letters of gratitude received from our living WWII Heroes below: 

I bought a couple hundred of the Heroes DDay silver coins as a mission to make sure that any WWII veterans I encountered would receive one.  It’s sometimes easy to spot these vets  as many wear their caps saying  “World War II Veteran”.   In the last 6 months I’ve also met the wives of veterans or their children, asking them to take a coin and give it to their father or mother who served.  Yes, the ladies served too.  One  WWII veteran was a woman served as a war time stenographer, sending  secret and  coded messages to aid the war effort.
Giving away silver is fun and rewarding when one sees the reactions of those who get a coin of this sort.  Everyone of that era used silver every day, with dimes, quarters and even silver dollars in their pockets or coin purses. A dime was a day’s wage for some.
But silver and its memories have faded over the last 50 years.  Silver and coins like these keep those memories alive…
AGXIIK
We have a sacred duty to take back our freedoms and liberties;  to stop a powerful government from running ragged over our sovereigntyWe owe it to pay forward  the sacrifices of our forefathers and to see to it that future generations enjoy the same  rights and liberties  encompassed in this life-affirming stand.
With courage, fearlessness and fortitude, a simple farmer made a powerful statement heard world wide.  
The world is still listening.  

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:  

Saiga12 Build by "The Hunter Of Skulls" 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.

Play

AGXIIKAGXIIK joins The Doc & Eric Dubin in this MUST LISTEN installment of Metals & Markets to discuss:

  • AGXIIK on why Ukraine is a stare-down contest between the West & Putin, & what is likely to happen when currency wars devolve into hot wars (there is no safe haven except physical gold & silver!)
  • Bitcoin Mt. Gox implosion: isolated event or a warning to Bitcoin holders?
  • First they ignore you. Then they laugh at you. Then they attack you. Then you win: Why Bloomberg’s in-depth coverage on bullion banks manipulating the London fix gold price has substantial implications on how close we are to the END GAME
  • AGXIIK discusses his attempted firearms up-training of 27 federal high security guards: “They looked like a one-legged monkey trying to have sex with a bagpipe” 

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!

gold MSM MopeI’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!

launch rocket verticalBy SD Contributor AGXIIK:

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.

Source: Banzai7

Source: Banzai7

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!
http://www.silverdoctors.com/live/

jim willieSince 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**.

Caption Contest 1A SilverDoctors Exclusive By SD Contributor AGXIIK:

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 warThey’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.