“I think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life. This is going to be an EVENT that you can’t recover from.”
*Warning: Interview below is NOT for the faint of heart…
It is has happened over and over again in history, and right now it is happening in Venezuela.
This is socialism in action, and socialism when it has failed:
The narrative promoted by the various false prophets of the precious metals market will have you believe that the net short position of the Comex bullion banks and the net long position of the hedge funds is at a record high,and thus we can expect a massive price decline because of this.
But the presentation format is highly misleading….
The desperation is obvious, palpable, incredible, fascinating, and unmistakable. History is being made, as the last ditch is overrun.
The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $300 per ounce.
Silver will be part of the new asset backed global currency system.
NEXT COMES A GLOBAL LEHMAN MOMENT WITH BANK FAILURES AND A THREAT TO THE ENTIRE WESTERN BANKING SYSTEM…
A jobless, hungry and marginalized majority in America will eventually take to the streets.
And when those riots do start, just as Zero Hedge previously reported during the Greek riots, the price of physical precious metals versus the bank manipulated paper prices will skyrocket.
The 2016 financial bubble is MUCH bigger than in 2008.
This means the last financial crisis was just a warm up. And with whatever comes next, whenever that may be, a lot of people will get hurt.
Your best offense is to make sure that you’re not a victim. This is rule #1.
With Deutsche Bank forced to issue a statement defending its liquidity today after its stock crashed 10% to financial crisis lows, implying that a $70 Trillion derivatives book may be on the verge of collapse, we thought it apropos to revisit Jim Willie’s dire warning that if Deutsche Bank goes down, it will be Lehman TIMES FIVE:
A bank failure contagion, that’s whats going to push the price of gold WAY over $2,000/oz again.
The Price of Silver is going to be moving over $100 and the price of gold is going over $5,000…
A failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen…
- Bank Stocks Look to Be Collapsing and predicting an imminent stock market crash and large global financial crisis
- Many sovereign wealth funds are selling their stock positions to go to cash to pay off debt in their home countries
- Russia now takes RMB for its oil. What does this mean for the petrodollar?
- Gold and Silver markets appear to have finally bottomed and a strong rally looks to be underway
- What problems does a strong US Dollar cause for the global economy?
All this and more in the latest Welcome to Dystopia:
If ATMs, banks and markets close, or if hyperinflation makes the fiat, Federal Reserve note completely worthless overnight, none of these goods will be exchangeable for the money you have sitting in the bank, or on a credit card.
In this presentation made at Cambridge House International, Bo Polny warns that The YEAR OF JUBILEE 2016 will be a JUBILEE for those who HOLD an INSURANCE POLICY called Gold and Silver, as new ALL-TIME HIGHS are to be made and the 252-Year Financial CREDIT Cycle completes!
Eric Dubin joins the SGTReport to discuss gold silver and dissect the latest views of the global economic collapse.
As we stand on the precipice of the death of the Petrodollar we examine two alternative views: Is the collapse being implemented by design, or have the masters of the universe simply lost control?