What I’m about to tell you is a true story…
Bottom line: It matters where you put your money. They evidence is pretty obvious that banks are not risk-free.
Why take the chance?
PROOF That Wall St. Banks Are Completely Insolvent:
In an exclusive two part interview, revered economic analyst Jim Willie discusses the looming collapse of Italian and German banks and China’s historic entry into the IMF in September.
Will the European Banking system be the Final Trigger for the next Global Financial Crisis?
That was fast…
Eric Sprott of Sprott Asset Management predicts, “The price of gold and silver will both hit new highs in 2014. The price of gold goes north of $2,000, and silver will quickly go over $50. When it does, it will get a little crazy.” Sprott says,
“They know a day of reckoning is coming, and they are setting up for it. . . . I am convinced some sovereign banking systems fail in 2014.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with $8 billion money manager Eric Sprott.
Ann Barnhardt of the former Barnhardt Capital warns Elijah Johnson to get COMPLETELY out of the system, there is a total collapse coming!
Barnhardt, who backed up her talk by closing her own futures brokerage to protect her clients in the wake of the MFGlobal client bail-in by JPM, discusses the total lack of rule of law for the political and banking sector in the US, and why Americans must unite to abolish the Federal Reserve system.
Ann Barnhardt at her finest on the urgent need to get (completely) out of the system:
In stressed market conditions, liquidity crunches, declining collateral values and re-hypothecation (i.e. re-useof the same securities as collateral by more than one party) can undermine this market. This results in capital being wiped out, a run on collateral and the telltale sign of spikes in “fails-to-deliver”, when a scramble to post eligible securities ensues.
A surging gold price, backwardations and shortages of physical bullion are proverbial “canaries in the mine” regarding an overstretched system.
This past Monday, the POTUS Obama met with ALL top US banking regulators and the chairman of the Rothschild Private Bank (aka the US Federal Reserve). Though the media has sold this meeting as a forum to discuss Dodd-Frank regulations, I am not buying this explanation as the mission for this meeting. The most credible explanation of why Obama met with all the top US banking regulators this past Monday, in my humble opinion based on very detailed research (available to our clients), is because the US banking system is suffering a critical crisis and stresses right now.
Raoul Paul sent shock-waves throughout the financial markets in June in what Tyler Durden called the scariest presentation ever, when Paul predicted a complete systemic collapse of the financial system was merely 6-9 months away. Is the Big Reset still imminent?
‘The world has no engine of growth with most of the G20 countries approaching stall speed at the same time. The western world is about to enter its second recession in an ongoing depression…
For the first time since the 1930’s we are entering a recession- before industrial production, durable goods orders, employment, and private sector GDP have made back their previous highs. ‘
As to the timing of the collapse Paul states:
‘2012- 2013 will usher in the end. We have about 6 months left… Assume that no one and nothing is safe. After that, we put on our tin helmets and hide until the new system emerges.
As to what the collapse will look like:
A global banking collapse and massive defaults would bring about the biggest economic shock the world has ever seen. No trade finance, no shipping finance, no finance for farmers, no leasing, no bond market, no nothing…
The END GAME. MUST READ!
Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.” The Federal Reserve announced last week it is now printing a total of $85 billion every month to reduce unemployment and stimulate the economy. Williams says, “That’s nonsense. . . . There’s nothing they can do to stimulate the economy.” Williams has long contended the Fed is really just using the weak economy to continue to prop up the banking system. Williams says, “If the Fed wasn’t doing what it’s doing . . . I’d presume you’d be on the road to a banking system collapse. The banking system is still in trouble.” Williams warns the “open-ended” printing of $85 billion a month “. . . will be part of what will eventually become hyperinflation.” And if there is no deal on the so-called “fiscal cliff,” then Williams expects “heavy selling pressure on the U.S. dollar.” Join Greg Hunter as he goes One-on-One with John Williams.