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.

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.

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.

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!

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.

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

By SD Contributor AGXIIK:

Inflation as we know it is well embedded in this country with annual increases for the last ten years of 8-10%.  The Fed will never reveal the truth, necessarily, as the average person would revolt at that thought.   With 48 million people on food stamps, able to buy free food with SNAP and EBT cards, they won’t complain until the buying capacity of these cards is insufficient to buy even the basics. The middle class is so hammered and dispirited at their plight, they have yet to complain, choosing instead  to reelect one of the people chiefly responsible for this problem.  They probably still think he will produce a miracle to stem inflation.  The knowledgeable wealthy can work around inflation of 8% by investing in assets that beat  inflation (like gold and silver).

The reason we have yet to see the really heavy foot of inflation is the velocity of money.  It is as low as it has been in the last century, even lower than during the Great DepressionWhen the movement of the $5 trillion plus involved starts in earnest, the inflation will be undeniable and massive This is when the people and businesses begin to lose confidence in their stale and static accounts stuffed with FIAT and begin to spend it in an attempt to front run the inflationary effects they see


We double down on the most destructive form of financial ineptitude with wild fire printing of FIAT currency, hollowing out our economy while exporting inflation to nearly every country.  China wisely doubles down and  doubles down again Real Money.   After the Western powers, aided by gold stealing allies like Japan, made off with well over 100,000 tons of gold China accumulated over the last 3,000 year, they are not going to let this happen again. 


The idea of wealth accumulation though the machineries of bank-orchestrated loans and accounts is fools gold.

Silver is the breaker of addictions to false gods of paper and FIAT currency. 
Gold is the foundation to wealth accumulation without the ministrations of the banker elites.

I’ve concluded that gold and silver scares bankers like nothing I’ve seen short of a vampire or zombie scaring a small child.  My case is a good example.

*With the horrible tragedy transpiring this week along the East Coast in the wake of Storm of the Century Sandy, and reports of massive shortages of food, gasoline, and basic necessities, we thought it apropos to bring back AGXIIK’s exhaustive prepping manual.  Are you prepared for a collapse of the grid and the banking system, along with the just-in-time delivery system?

Prepping is partly buying a grocery list of items you need to stock, as well as a mind set that moves beyond the physical act of getting supplies in the cupboard. Stocking up is a great place to start. Stocking also buys you invaluable time to assess situations as they crop up while keeping you safe.

Preppers have a situational awareness of what might affect them in unexpected ways and unpredictable directions. Every plan comes unglued when it encounters the real world so having backups to your plan will smooth your way to safety.
Some of those are in this short guide.
Without these plans the alternatives are always less than optimal.

Submitted by AGXIIK:

Governments are good at two things:  Waging war and debasing the currency.  These two actions are aided and abetted by a central bank.  And thrust into the middle of this morass of printing and war is the common man.    The middle class; the lower class; the common people are ground to dust under the jackboots of the psychopaths, deviants and escapees from insane asylum.

Richard Nixon committed the greatest  financial crimes of the last 2,000 years, one that will go down in history as the most vicious since the Roman empire began debasing their precious metal currency. Nixon will be regarded as the 20th Century’s Diocletian.  He took this country; our country, off the gold standard.  And thus began the decline and fall of the USSA Empire.
The tragedy following  this act has resulted in continual and unrelenting war with a Defense budget that cost a minimum of 25% of the entire Federal budget.  And who paid for it?   We, the long suffering middle class. 

Submitted by AGXIIK:

Chaz Napolitano is off her rocker.  TPTB are hell bent on turning this country into an English speaking version of the East German Stasi spy state,  complete with recruitment of every citizen in every apartment building on every block told to report on their neighbor, or else.

Wait until the 53% of this nation’s population receiving  federal benefits are told they must produce reliable leads in order to get their monthly rations.  You’ll soon see people willing to do anything to keep the goodies flowing.  This system worked like a charm for decades in the USSR, Cuba, North Korea and Red China. 

By SD Contributor AGXIIK:

The price of silver is inelastic.  The price of silver has little bearing on its utility.  At $33 an ounce, it is still very cheap as an industrial commodity.  As vital as silver is to the solar, electronic, medical and clothing industries, the amount of silver used in any product is nearly infinitesimally small.  A smart phone uses no more than .2 grams of silver. That amounts to pennies of silver per item.  A solar panel uses 20 grams, about $20 per panel and those panels will absorb 6% of the entire world’s supply, 60 MOZ   There is no replacement to silver in that use and the solar use of silver in China, Japan and India is set in stone.  They are crying for energy that is not hydrocarbon based.
If the world’s supply/production of silver is 1 billion ounces that’s $33 billion.   We spend more on dog food and manicures than this world supply of silver.  If silver tripled to $100 an ounce, would we blink a second that silver prices bumped the cost of a smart phone by 20 cents?  I don’t think so!

Source:Economist Online

Submitted by SD Contributor AGXIIK:

JPM is about to lose it all with their bad bets on the IR swaps, CDS, derivatives and other manipulative profit centers. They will be destroyed, of that you can be sure, right along with the many other major banks.  This is inevitable and Bernanke knows it.  QE 3 is worthless to anyone but the money center banks.

There is not enough money in the world or the Fed to stop this.  QE 3 is nothing but a delaying tactic since Bernanke has NO AMMO LEFT.  NOTHING!   He is little  more than a drowning man trying to save himself and his notion of the economy by climbing on to the shoulders of his rescuers. 
And there are no rescuers coming to save him

Submitted by SD Contributor AGKIIK:

The government has proposed that anyone owing $50,000 or more to the
IRS= no passport.  They are ring fenced in the USSA tax gulag.   Suspicion of tax fraud is cause. The IRS considers you guilty;  innocence no longer presumed.

Soon enough no one will be able to  get a passport.
Any reason or no reason at all will be used to prevent the sheeples and tax slaves from leaving the gulag.   The USSR perfected this system.  We’re just taking a page from their book.
Like they said at the DNC  Convention: We all belong to the  government now‘.

Submitted by SD Contributor AGXIIK:


If silver hits $75-100, or scoots well into triple digits then more than just hard core silver stackers will take notice.  We will finally see a real stampede as the general public begins entering the market.

As silver moves through $75 an ounce and the general public finally takes notice, MOPE will be flowing like crap down a sewer to dissuade people from buying.


Until the advent of the FDIC, bank runs and failures meant the client lost everything.  That why they call them “bank runs”.  You run to bank as fast as you can and withdraw your money.  The first one out gets the best deal.  The FDIC is a hollow shell that will not protect a multi-trillion dollar failure.

Allocated and unallocated storage facilities are likely to be stripped of all precious metals and valuablesWhen governments go broke the rule of law is the first thing sacrificed on the altar of saving the people and their way of life.

It will get very interesting when 100 paper golden chairs are surrounded by scores of bankers all trying to get a seat on the single physical golden chair when the music stops

We present AGXIIK’s thoughts on the hiding of your precious metals with one caveat: The Doc does not recommend storing your PM’s in a safety deposit box, as he believes that if the government ever were to conduct a gold/silver confiscation, PM’s in safety deposit boxes will be confiscated, PM’s held in your own possession under your own roof will not.  We encourage all SD readers to chime in on this issue and share their thoughts on the best place to safely store your precious metals.

Where Should I Hide My Precious Metals?
Hiding PM’s is a tough decisions and there is no one perfect answer.

Submitted by SD Contributor AGXIIK:

Dr Willie has advised us that Morgan Stanley appears to be on the ropes.  I’ll weigh in with my observations and some ‘on the ground’ suggestions.
MS failure?   That would explain the 600 CPAs hired at $500 an hour to dive into an unnamed bank  on Wall Street.  No one has named the bank or banks that received a hypo from the Fed in the last month.  It was $800 million and this is the first time since 2008 that the Fed has done a hypo.  Someone was real short on liquidity.

If you are in the umbra of MS your money will be gone ala MFG, protected by the 7th Circuit court ruling
that your money used as collateral is now the property of the creditor.


SD Contributor AGXIIK goes on an all-out RANT:

The hour of reckoning is soon upon us.  So I have a suggestion to those who find the heavy hand of a banker or creditor on your neck.

Tell them not no, but “Hell no!”  No more of my money will go to your corrupt vaultsI did not sign a suicide pact with a gang of thieves who have conspired to rig my rates, to strip me of my hard earned money and consigned my family to a lifetime of poverty.  Hell -No!

If you think my precious FICO means a da*n thing to me you have another thing coming.
Go ahead and destroy my credit rating.  See if I care.  If you think you can kill me with debt I will kill you with non payment.  I will strangle you in your offices with non payment of this wretched debt. You better learn how to eat air, because no more of my money will come your way. None.

Over the past week we have learned of at least 4 cases of large silver purchases (5-10 million ounces) either being flat out refused delivery (such as Ned Naylor-Leyland discussed with 2 large orders from the LBMA), or else experiencing severe delays in fulfilling the order.  This comes as silver has rallied nearly 15% from it’s recent lows near $27.

We would like to officially recognize and congratulate AGXIIK for his foresight in predicting the EXACT TIMING of this sudden supply shortage of silver back in early March, at a time in which the world appeared to be awash in silver.

Reposted in it’s entirety, here is AGXIIK’s March 11th call for a ‘Severe Supply Shortage of Silver in August of 2012‘:

Placing my a** hat on the table in front of me, I predict that silver will go into a severe supply shortage by August 2012 or sooner.