Something BIG, UGLY, and NASTY this way comes…
– Former U.S. Congressman blasts Fed’s role in markets
– Gives scathing analysis of modern economics and markets
– Highlights complete disregard of economic fundamentals in investment decisions today
– As will be the case with Greece, U.S. will eventually be forced to liquidate debt
– Attempts to forecast day of reckoning are futile as it is a function of psychology
– “They can’t print money forever”
– Gold and silver will weather and thrive in currency devaluation
No one knows how well prepared the system is to handle potential bank runs and massive demands for cash withdrawals if the system tanks.
And no one knows how much longer the system can hold.
You could say the price of a loaf of bread will be $100 and that is the kind of thing we will see, and it may be even worse. It will be just like we saw in Zimbabwe or Germany in the Weimar Republic. These things happen in history . . . and the United States is not exempt of the laws of economics. It is going to happen here . . .
If there were ever a tell-tale sign that a momentous set of events is soon to take place, this is it…
Since December there’s been increased volatility in gold & silver that reflects something going bad behind the Central Bank “curtain.”
The volatility in the metals reflects the war between smart money moving in to the metals – likely primarily physical – and the Fed/ECB/BOE’s collective attempt to keep a lid on the price of gold/silver.
I predict that we will start to see an acceleration in the movement of cash out of paper assets and into physical gold and silver.
The system – specifically the U.S. economic system – is now speeding up in its collapse.
From Greg Hunter, USA Watchdog:
Money manager Peter Schiff, who wrote a book three years ago called “The Real Crash,” thinks the next calamity is well on its way.
Schiff says, “I think the next crash is going to be a dollar crash rather than a stock market crash. Certainly it is going to be an economic crash for the average American, and their cost of living goes skyrocketing.”
So, is the next crash going to be worse than the last meltdown? Schiff says, “It’s going to be much, much worse. If you understand what caused the 2008 financial crisis, it was the easy monetary policies of Alan Greenspan. . . . The monetary policies of Bernanke and Yellen dwarf what Alan Greenspan did. That was child’s play compared to what these guys have done. We have had zero percent interest rates for six years. We have had three rounds of quantitative easing (QE or money printing) and “Operation Twist.”
Steve St. Angelo (SRSroccor) joins me to cover the very latest in the gold and silver markets. As we note, Bloomberg’s mockingbird journalist Nicholas Larkin recently wrote that if China could obtain 10,000 TONS of gold, it would justify a re-pricing of gold to $64,000 ounce. However, Larkin argues that China has well under 2,000 tons by referencing the nation’s last official report from 2009.
Steve and I discuss how it’s far more likely that China already has 10,000 Tons of gold NOW!
So… what happens to the gold price once China officially updates its six year old “official” number… huh Bloomberg?!
What if China began using the interest payments from the debtor nation, the United States, to finance a new global bank, like the BRICS Bank and the AIIB?
What if the creditor nation, China, began using the interest payments, roughly $300 billion annually, to build a New Silk Road that solidifies relations with their neighbors, creates commerce for both the neighbor and China and used some of the funds to build up their military?
This would create a natural exit strategy for China that allows her to walk away with a clean break from the parasite nation, the United States. No harm, no foul.
Isn’t this exactly what we are seeing unfold today?
While we remember those who paid the ultimate price to secure our Freedom today on Memorial Day,
Deagel has posted an update to its forecast for a coming economic collapse of the United States and the resulting 78% “depopulation” of the US that will occur.
The collapse of the Western financial system will wipe out the standard of living of its population while ending ponzi schemes such as the stock exchange and the pension funds. The population will be hit so badly by a full array of bubbles and ponzi schemes that the migration engine will start to work in reverse accelerating itself due to ripple effects thus leading to the demise of the States.
The death toll will be horrible.
The American downfall is set to be far worse than the Soviet Union’s one.
A confluence of crisis with a devastating result…
“This is going to be an overnight or over the weekend type of event where you have what you have on a Friday and you wake up on a Monday morning and you can’t trade anything and you’re locked in to your position.
So it’s absolutely imperative that you have what you WANT to have, because you won’t have a chance to change it…
Gold and silver are THE only monies out there that are not “credit based” or derive their values via the credit markets … markets which will ultimately will be closed!”
“The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.”
If the dollar fails, the entire international monetary system will fail with it.
While Washington is gridlocked and unable to make progress on our long-term problems, our biggest economic competitors—China, Russia, and the oilproducing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos.
The US economy is on death watch when measured in REAL accounting data like plummeting GDP and the downward revisions in the BLS reports., according to Alasdair Macleod, the Director of Research for Gold Money.
In fact, according to John Williams from shadowstats, as the ranks of the unemployed in the United States reaches 23%, the economy is now beginning to suffer the effects of inflation, and Williams says, we are on track to hit hyperinflation of the Dollar in 2016.
The problems that caused that 2008 economic crisis have not been addressed or fixed and loose monetary policy continues unabated.
With the average age of a minimum age worker in the United States 36 years old, and with 93 million Americans out of the workforce altogether, hyperinflation of the Dollar is the death knell for the Republic and for all we once held dear.
Alasdair Macleod points out that once confidence in a currency is lost, that currency is doomed.
At that point, panic ensues, and we are now headed in that direction. Alasdair says, “There will be people in the west panicking because they haven’t got any physical silver or gold.” And by the time the panic is palpable, it will be too late.