Central Banksters Have Put on the Ski Mask, Preparing to Rob Depositors!

bankstersToday, the central banksters have put on the ski mask, toting the gun and come into the lobby telling everyone to get on the floor.  They are taking over this place and anyone who looks crossways at us will get killed.
We the long suffering depositors, are going to get pillaged when the time is right. You have been warned once again.  Get it or don’t but don’t snivel when you get scalped!
Get the hell of your bank! [Read more...]

Hypothermia: Contagion in the Eurozone

Eurozone contagionThe contagion in the Eurozone is like hypothermia.  The peripheral countries of the Eurozone are frozen; frozen out of the capital markets, with little capital flow inside the country. They are shut down.
If these countries start accepting bail ins, in a strange way they are temporarily revived by fresh capital infusions from the ECB.  Their banking system that was formerly shut down restarts with a jolt of liquidity.  They start to show some signs of life even though they are moribund.
But what happens is the smart money starts fleeing from countries before the bail in proposal ink is dry.  The smart money; call it the warmed blood, the money that gets out of a country’s banking system before it starts crashing,  starts flowing towards the core. 
This is happening now.

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Something Wicked This Way Comes…Obama Planning Retirement Plan Bail-ins

HindenburgBy AGXIIK:

Obama is on a tear about the ‘size’ of IRA balances.  He says that Americans should not have IRAs beyond a certain limitThese limits would be imposed through changed in the tax codes to impose FAIRNESS in IRA matters.
HERE IS MY PREDICTION:  
Obama will propose bank bail-ins that incorporate a progressive pension plan expropriation based on retirement plan size and income streams.  It will start with the biggest plans, many sitting in offshore accounts.  These mega plans will suffer a large haircut, perhaps starting with 20% and progressing upwards to 50%, depending on how one acquired the wealth or how well connected one is.
Like the well-connected in Cyprus, those who know the haircut is coming can execute plans to remove their IRAs from government seizure.  Those who are not forewarned to this theft will wake up to find their $500,000 IRA  has been halved.
Cue the Hindenburg.

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Eurozone Launches Currency Roach Motel: Your Money Checks In, But it Doesn’t Check Out!

roach motelBy AGXIIK:

Face it folks, the die is cast.  Bankers have shown their true colors. They are no different that robber barons of days past.  They will steal your money through interest, fees, penalties, foreclosures and if those fail, they will steal your assets because you are a convenient and conveniently foolish cash sheep waiting to be fleeced.

The modern financial system has become a Currency Roach Motel.  Your money checks in but it doesn’t check out.

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Cyprus Wealth Grab: The BIG TELL!

By SD Contributor AGXIIK:big tell

I call this THE BIG TELL
If you play Texas Hold’em, you know what big stack, small stack, tells, reading the cards and going ‘all in’ means.
We, the people, are in the BIG GAMEThis is the one where you get to play for the entire stack, or nothing, depending on your skills. It’s a winner-takes-all game.

The evil Troika banks, their ghouls, Bernanke, LeGard, Draghi and Merkel the Merciless are dead set on making an example of Cyprus. This is not about the debts owed or the bankrupt banks. It’s about control, controlling the table,  going ‘all in’ with a policy of scorched earth and making an example of Cyprus so the PIIGS get the message that they are next.  This ‘all in’ message was a warning shot across the bows of the middle stacked plays like Spain and Italy.  You are next!  We plan to take your stack, your deposits, your pensions, even your livelihoods and lives, and send you to the rail.  Get ready.

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Don’t Drone Me, Bro!

drone onBy AGXIIK:

The drone issue is a perfect example of a government run wild with power, thinking it has a mandate in its ability to murder its citizens, with the threat of terrorism as the high cover to a sky filled with weaponized UAVs.  My refrain is “Don’t Drone me, Bro’!

A government with a weapon system like this will eventually use it, even if a copy of the  Constitution is wrapped around its engine nacelle.  [Read more...]

Escalating Currency Wars May Make 2013 the Year of the Epic Economic Failure

By SD Contributor AGXIIK:

The trade between Japan and Europe and China and Europe will be hit very hard when Europe can’t afford goods from China and Japan.  The east will suffer badly as devaluations won’t overcome the recessions and depressions in Europe.

These are real and dangerous tipping points that won’t hold back very long. The people in Italy, Greece and Spain are near the breaking point.  I doubt if the Fed will have enough money to bail out Europe when Benny is spending all his political capital in bailing out the US, although I would not be surprised if the Fed doesn’t give it a try, nonetheless.   
If we thought 2012 was the year of the epic failure, it may have been just a warmup act to 2013. [Read more...]

Weapons, Medicine, & Electronics: 3 Fields With Massive, Inelastic Demand for Silver

inelastic silver demandBy SD Contributor AGXIIK:

The silver price is inelastic when it comes to the production of mission critical products ranging from war fighting materials that can use many ounces per unit to cell phones. The winds of war are blowing and China is stowing silver by the hundreds of M OZ. Whether the price is $30 and ounce or $150, the amount of silver will be an immaterial consideration to the overall purchase pricing. It might be a $5 in a phone to $150 of silver per solar panel. No one will care as millions of IPhudds and Phablets fly off the shelves. Panel prices range from $1,200 to $2,000. The silver component at $150 is bupkes. If a company or country like Japan or China needs solar power they will pay the price. Power trumps silver prices. Consumer demands trump silver prices. Absolute and vital products availability trumps silver prices.

It may come down to a situation where the low $30′s price of silver will be seen as the good old days. The entire world is waking up to the vital aspects of precious metals. When the average person become aware of these issues, the status of the US Mint shutdown will be headline news. 6 MOZ of ASE coins sold in 2 weeks is the bellwether of an impending crisis.
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Does IRS Have Its Sites Set on Roth IRA’s?

gun sitesBy SD Contributor AGXIIK:

The government says that once the Roth is converted, there are no taxes on withdrawals after that.  Of course, the gummint is great at the big lie.  Anytime in the future the Roth safe harbor could be cancelledAll a president would have to do is pull the NDRP or NDAA trigger, and they own our butts. 

Most people would never even hear of the IRA grabs thus leaving themselves as a convenient target. Those that were smart enough to see this coming would do just what most of us are doing.  Slowly removing the IRA balances, paying the much smaller amounts of taxes and moving on.

There’s a good possibility that the GRA or pension grabs will move up in line of Federal control, thus leaving out the annoying waiting  for revenues and actuarial estimation of when the holder will die, with the estate coughing up half of the balances. [Read more...]

The Big Reset: America’s Financial System Will Suffer a Horrible Reset By 2014

By SD Contributor AGXIIK:

America will soon suffer a horrible reset. That’s inevitable.
But the people of this country and their unique nature, with the resolve to roll up their sleeves, deal with the reset, and get back on to a sound hard asset backed currency (even if they have to dig it out of the ground with their bare hands) will reestablish a sound economy, like the one embodied in the best elements of the Constitution and Bill of Rights along with the beliefs and morality that existed before the banksters came to rule the land.  The present day currency cargo cult will come to an end.

I have optimism in that. But until we go cold turkey on a century of debt and take the cure, these things will not happen.  The longer we wait, the worse the reset will be.
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The Cantillion Effect: Why Government Handouts & Paper Fututures Markets Eliminate Real Price Discovery

imagesBy SD Contributor AGXIIK:

As free or low priced money floods any economic system it skews the value of the FIAT and the goods paid for by this funny money.
The government pays out $1,000,000,000,000 (trillion) in transfer payments a year.  
This is big money that has no effort, sweat or value recognition embedded in it.  It’s free money.

Similarly, in gold & silver, price discovery has been blown all to pieces because of another free money crowd, the paper traders. [Read more...]

Bank Run in Progress? Massive $114B Withdrawn From 25 Largest US Banks First Week of January!

gold bank runSD contributor AGXIIK warned readers months ago about the FDIC’s expanded deposit insurance which was set to expire Dec 31st, predicting that the expiring expanded deposit insurance enacted in the wake of the 2008 financial panic could trigger a bank run. 
Many scoffed at the report and its implications, due to the fact that the story received zero attention by the likes of Bloomberg, CNBC, or even ZH.

It appears that the expiring expanded FDIC insurance has in fact triggered a massive deposit withdrawal at the nation’s largest banks, as the Fed is reporting that $114 billion were withdrawn from the largest 25 US banks over the first week of January, the largest fund outflow since the 9/11 attacks, even exceeding the pace of the outflow during the 2008 financial panic!

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The New Cold War is Being Fought Over Gold & Silver

By SD Contributor AGXIIK:

The tale of the silver boom ended badly for the Hunts when the Federal  Reserve, Justice Department, Saudi kings and others with a real desire to smash the Hunt Brothers took after them with a vengeance.  Jim Sinclair was part of the team that helped Volker dismantle the silver barons, restoring  the US Dollar hegemony from the frightening specter of even worse currency debasement.  Silver and gold went to sleep for another 30 years. The Petro Dollar system was preserved.  That cost was in the billions.Today things are different.  Or are they?  The same economic tides are making precious metals a safe haven from the real perception of inflation and its harmful effects. The difference today is that silver is in a shortage with most of the silver production immediately absorbed into commercial and investment uses, leaving many asking for their precious metals and not getting delivery in short order, or if at all.  Most of us can acquire silver and gold in small amounts.  Gold has no ready stocks available for sale.  Every ounce, pound or ton is spoken for, sometimes several times over given the theft occurring from allocated accounts and vaults emptied by smart money investors like China and Russia taking delivery from bullion banks and their badly placed paper bets.

Unlike the 1970s when  gold and silver price spikes were stimulated by fear of inflation erosion despite massive above ground supplies,  all precious metals today are in short supply, even to the point where small hot wars are being fought for its possession.  This is not the era of the Hunt Brothers chasing an enormous bet on silver in hopes of making a few billion in profits, riding the public’s desire to save themselves from currency devaluation.
Our present era is a Cold War being fought over these most important commodities.

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US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st

With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013.

Submitted by SD Contributor AGXIIK:

As of January 2013 the FDIC stops offering 100% coverage for all insured deposits.  That amounts to $1.6 trillion in deposits, 85-90% deposited with the TBTF mega banks.  Once the insurance ramps back to $250,000 the FDIC risk amelioration offered to large depositors will cause them to flee from the insecurity of the much reduced FDIC coverage.  This money will rotate immediately into short term Treasury securities.  The treasury, in order to handle this flood of money, will immediately offer negative interest rates.  This financing will resemble the .5% negative interest rate offered by the Swiss and Germans on the funds flooding to their banks from Spain, Greece and Italy.
This will be a bank run much larger than the Euro banks flight to safety
.
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