Slow Velocity of Money Hiding the Devastating Effects of Fed’s QE Policies

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[Read more...]

While We Increase QE to Infinity, China Wisely Doubles Down on Gold Accumulation

By AGXIIK:

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.  [Read more...]

Silver: The Breaker of Addictions to False gods of Fiat Money

By AGXIIK:

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. [Read more...]

A Prepping Manual: Preparing for the Worst

*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. [Read more...]

Middle Class Being Ground to Dust Under Jackboots of Inflation

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.  [Read more...]

53% Dependent on Federal Benefits Will Become Narks for the Stasi US State

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.  [Read more...]

Western World Spends More on Dog Food & Manicures Than on Silver!

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! [Read more...]

Bernanke is Out of Ammo!

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
[Read more...]

We All Belong to the Government Now- The Coming Debt Slavery Epidemic

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‘. [Read more...]

MOPE Will Be Flowing Like Crap Down a Sewer to Dissuade People From Buying As Silver Goes to $75 Here and 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. [Read more...]

Former Banker States the Case for Owning Physical Gold

From AGXIIK:

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 [Read more...]

Guest Post: Where Should I Hide My Precious Metals?

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.
From AGXIIK:

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

Beat the Bank Run- IF YOU ARE THE FIRST OUT YOU GET THE BEST DEAL!!

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.

IF YOU ARE THE FIRST OUT YOU GET THE BEST DEAL.

[Read more...]

Time to Fight Back Against Too Big to Jail Banksters: NO MORE DEBT!

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. [Read more...]

Current Silver Supply Shortage Was Foreseen & Predicted by AGXIIK in March

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.
Why? [Read more...]