The Federal Reserve is expected to raise the Federal Funds Rate in June. Alasdair MacLeod says if interest rates keep rising to around 2.5% or 2.75%, this “should be enough to trigger the next credit crisis.”
David Morgan says the spike in Bitcoin shows people worldwide are escaping fiat currencies.
Unlike gold and silver, Bitcoin can’t be shorted. If gold and silver prices weren’t manipulated, he says, also they would be skyrocketing right now.
Could the Remonetization of Silver Really Be the END GAME?
“This Trading Pattern is EXTREMELY Bullish for Gold & Silver.”
President and CEO of Sprott US Holdings Rick Rule Explains Gold, Silver, and the US Dollar RARELY Trade How They Are RIGHT Now:
When is the system going to break down? The answer is 2008.
The tipping point was the Lehman kill in Sept 2008, following the subprime mortgage collapse.
It was a death event for the US banking structure, which should have forced liquidation of all Wall Street firms.
Then came the Financial Accounting Standards Board relaxation of rules in April 2009, which still permits the big US banks to declare their assets at any value they wish. They hide grotesque insolvency. Their liquidation would not happen, instead zombies walked.
The next tipping point was the Federal Reserve announcing a move toward the Zero Percent Interest Rate (ZIRP) in early 2009, followed by the bond monetization initiative (QE) in early 2012.
The most recent tipping points are the Syria War and the Ukraine War to obstruct the Russian Energy Monopoly in the European energy market. The defense of the USDollar has taken historically unprecedented turns.
These cited extreme events are all serious tipping points. Since 2009, the vastly depleted, exhausted, and wrecked body economic of Uncle Sam has been kept going with life support, electric shock treatment, and the formaldehyde elixir.
No recovery comes. Systemic failure and total breakdown are assured.
The only protection is Gold & Silver coins and bars. The hyper monetary inflation has met the asset destruction.