Is NOW the time to flee the US??

They’re slaughtering one another in the streets right now in Venezuela. For the average “middle class” person in Venezuela — educated and still holding on to a good job — he needs two years of wages to buy a single plane ticket in his own currency. He needs to work for two full years to buy one single plane ticket – he’s stuck there. The problem is that he waited too long to leave. You have to know when to leave…

big reset“There is a likelihood that gold will play a role in the next monetary system. I look at this as insurance—a way to preserve a slice of your portfolio should the bad guys ever hit that reset button.”

goldThe only assets relatively assured to survive this are gold and silver, the best redoubt for currency, bond and other debt destruction. That and our critical thinking minds.
The best way to front run the completely assured evolution of some hyper inflationary cycle, credit supply chain collapses, consumer goods shortages and martial law is to hold precious metals in your hands, grasped in the Vulcan Death Grip…

The full-blown economic collapse that is happening in Venezuela right now is a preview of what Americans will be experiencing in the not too distant future…  

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.

CorzineThere are a heck of a lot a bubbles in the global financial system (…and many areas in the private sector, sovereign, etc.).  Add to the potential mix what I call “hyper-hypothecation” and derivatives overhang and we’ve reached a level where systemic risk has never been higher.

fire“HUGE problems on the currency front”
In the 2nd part on this interview with Finance and Liberty, Jim Willie breaks down the global financial crisis… that looks to be just getting warmed up.