Silver in the Aftermath of the Coming Paper Blood Bath

JP MorganDespite the persistence of the recovery meme, financial markets are more fragile to risk than ever before. On top of this, witness the slow creep of policy disguised as regulation.
It comes for the low hanging fruits. The final labors of society. 

They are coming for your pensions and retirement accounts.
What lies ahead is a paper blood bath. [Read more...]

The Precious Return of Investment

bankrobberyThe financial powers, in the name of government treasuries (along with the IMF) have a keen eye trained on the lowest hanging fruits of monetary assets.
What was once unthinkable is fast becoming a reality as bail-ins promise to morph into the confiscation that only precious metals investors have been known for fearing.

They are coming for your ASS(ets).

[Read more...]

Cyprus: Despite 16 months of capital controls, banks still pitifully capitalized

It’s been over a year since the banking system in Cyprus officially went bust. 
On Friday, March 15, 2013, practically everyone in the country went to bed thinking that everything was just fine.
Many had probably gone to the bank that very day to do business, or logged on to an Internet banking platform.
Yet the very next morning, they woke to a completely new reality: the nation’s banks were broke, and the government was in no position to rescue them.
All the promises they had been told about government guarantees and having a ‘well-regulated’, sound banking system turned out to be lies. 
The government proclaimed a bank holiday, and banks remained closed for the next several days.   Accounts were frozen and ATM withdrawals were limited to only 100 euros a day.
Eventually the plan materialized: substantial portions of deposits over 100,000 euros would be confiscated in exchange for equity in the banks.
There are two key lessons here: [Read more...]

PM Fund Manager Warns of Derivatives Meltdown & “Open Season” On Your Bank Account

open seasonIn the MUST WATCH video below, PM Fund Manager Dave Kranzler  explains the colossal size of the derivatives market and the heads-Wall Street-wins / tails-Main Street-loses nature of this painstakingly rigged casino.
Do you think derivatives are unregulated?    They are–until a series of bets goes bad and starts toppling a bank, at which point rules materialize out of nowhere and meticulously provide for the looting of your checking and savings accounts to pay off the bad bets made by your bank.
When (not if) the derivatives chain of dominoes starts to teeter, it’s going to be Open Season on your bank accounts.
Say, what interest rate is your bank paying you to take on such a huge risk, anyhow? [Read more...]

EU Bail-Ins Coming As Germany OKs Depositor Bail-In

haircut bail-inBail-ins are coming to the EU as Germany has quietly OK’d depositor bail-ins under the cover of World Cup fever. 
Germany’s cabinet Wednesday approved plans to force creditors into propping up struggling banks beginning in 2015, one year earlier than required under European-wide plans that set rules for failing financial institutions.
The new bail-in rules are part of a package of German legislation on the European banking union–an ambitious project to centralize bank supervision in the euro zone and, when banks fail, to organize their rescue or winding-up at a European level. 
Germany plans to force creditors into propping up struggling banks beginning in 2015, one year earlier than required under European-wide plans that set rules for failing financial institutions, according to a senior German finance ministry official.
[Read more...]

Alasdair Macleod: The Ghost of Bail-ins Past Returns to the Financial Stage

bail inConfirmation of why Europeans might be buying physical gold arises from concerns over the financial health of Portugal’s Banco Espirito Santo, which has undermined share prices of the entire Eurozone banking sector.
The ghost of the Cyprus bail-in may be returning to the financial stage. 
[Read more...]

IMF Concerned About US Supreme Court Ruling on Argentina Debt

haircut bail-inCan the financial authorities compel private debt holders (and also regular bank account owners) to give up their rights to make claims for the full value of their asset when a default takes place?
The answer to this question has huge implications worldwide as the risk of sovereign debt default has never been higher. 
People have always assumed their bank accounts were protected at least up to the amounts that are supposed to be “guaranteed” by entities like the FDIC in the US,  but the IMF and others are attempting to stake out the position that “bail-ins” can be imposed by force in a default crisis situation.
It appears they want to be able to change the rules if they think they need to.  Even including bank depositors.
In a ground breaking case that has MAJOR potential ramifications on the legality of future bail-ins in the US,  the US Supreme Court has ruled in favor of some hedge funds that will be paid the full value of the debt they owned (Argentina debt).  
While this ruling only applies to bond holders, it might apply as a precedent to any future default situation. 

Australia Seizes 360M From Dormant Bank Accounts & All 50 U.S. States Are Doing This Too!

The government of Australia has seized a whopping 360 million dollars from bank accounts dormant for only 3 years!
And yes, this kind of thing is going on all over America as well.
Do you have a bank account that you don’t actively use or a safe deposit box that you have not checked on for a while? 
If so, you might want to see if the government has stolen your money.  [Read more...]

Rob Kirby: System Break-down Certain With Bank Holidays & Possible Martial Law!

stormIn this interview with Paul Sandhu, exotic derivatives expert Rob Kirby explains why a complete systemic financial collapse is CERTAIN, with full-fledged bank system holidays & martial law coming!

Rob Kirby’s full interview is below: [Read more...]

RBS, Ulster Bank Bail-in Risk? ‘Danger Of Failing’ Due To ‘£100 Billion Black Hole’

British taxpayers risk losing their entire £45 billion stake in Royal Bank of Scotland (RBS), the parent company of Ulster Bank, which is in grave danger of failing within 10 years, according to an explosive new book.
According to The Independent on Sunday, a new study of the bank, which brought the UK to the brink of financial ruin, reveals RBS still has a £100 billion “black hole” in its finances due to “five broad areas of alleged criminality and wrongdoing”.

[Read more...]

Jim Rogers: Governments Will Loot Pensions, Savings – Hold onto your Gold

Caption Contest 1When asked how governments will react to the next global economic decline, legendary investor Jim Rogers warned that Western governments will loot pensions and savings:

For one, there will be more confiscation of wealth. Americans and Europeans have already made it legal to take money from private bank accounts, or at least parts of them, in order to bail out banks. They will likely help themselves to pension plans too.
Gold and silver should provide investors some protection against government confiscation.  They will probably go for bank accounts and retirement funds, because they need cash. In fact, that is already happening in Argentina and Poland. Gold and silver are no longer part of the monetary system, which they were back in the 1930s’ when they last confiscated gold and silver. From the government’s point of view, gold and silver are not ideal – it is money they need.”

[Read more...]

Jim Sinclair: Ultimate Bail-in is Coming- Is it Time to Bank With the BRICS?

Sinclair Hong KongLegendary gold expert Jim Sinclair has significantly reduced his public commentary over the past 6 months, reserving most of his advice for those willing to attend Sinclair’s financial meetings across the country- likely due to the fact that many new PM investors lam-blasted Sinclair over his incorrect short term call in 2013 that support in gold would hold at $1600. 
Sinclair, who in addition to his role as CEO of Tanzanian Royalty Exploration, is also the Executive Chairman of the new Singapore Precious Metals Exchange, was recently the Keynote Speaker at the 2014 Hong Kong Mines & Money conference. 
Sinclair discussed how to avoid the coming Western financial system bail-in, the role of gold in the coming crisis, & banking with the BRICS. 
We highly suggest that readers check their emotions and biases at the door, and view the entire MUST WATCH Keynote address below from the world’s foremost big-picture expert on gold & the financial crisis:
[Read more...]

Pensions Without Diversification To Gold & Silver Exposed As Pension ‘Time Bomb’ Looms

nuclear-bomb-KoreaThe ‘pensions time bomb’ looms: pension funds lack of diversification, and over exposure to traditional assets may cost pension holders dearly according to research we have just released. Pensions allocations to gold are very low internationally and yet gold has an important role to play over the long term in preserving and growing pension wealth.
The pension ‘time bomb’  looms closer and millions of people are at risk of having insufficient resources to fund their retirement years. [Read more...]

The Doc: Gov’t Planning CYPRUS-Style BAIL-INS!

bail-inOver the past 18 months we’ve seen nearly all of the Western nations move to prepare for bail-ins for the next financial crisis. 
They’re not doing that for no reason- they’re preparing the legislation because they know its coming and they know that bail-outs are no longer an option, so their last ditch effort now is to bail-in and steal money from the depositors to forestall the next banking system collapse.  
The Doc joins Finance & Liberty’s Elijah Johnson for an exclusive interview discussing The Doc’s views on where gold & silver are headed for the second half of 2014 and beyond, the issue of counterfeit precious metals, and the liklihood that Western governments will bail-in depositors and retirement accounts during the next financial crisis.  [Read more...]