- After a Brief Rally, Bear Market Likely to Resume With a Vengeance- the END GAME IS APPROACHING!
- Run On Silver Developing As Physical Demand Goes THROUGH THE ROOF
- Is the Bond Market About to Find Religion?
- Alasdair Explains Why the Next Crisis (Which He Believes is Likely to Begin in About a Month) Will Spread From A Banking Crisis to a CURRENCY CRISIS
- In the Words of Eric Dubin: Its Going to Get REALLY UGLY
The SD Weekly Metals & Markets With The Doc, Eric Dubin, & Alasdair Macleod is Below:
As we know so well; over the last two weeks, the chaos in global markets finally reached the shores of Manhattan. Market chaos, that had previously been quite widespread and headlined by China, finally gripped U.S. markets. Now we find out China has exited over $100 billion of U.S. Treasury bonds in just the last two weeks and has indicated it is dumping more through Belgium and elsewhere.
China will clearly no longer fund U.S. budget deficits in the foreseeable future. This leaves us with the misunderstood truth “the Federal Reserve is THE Buyer of last resort.” Worse yet; the Emerging Markets have had to jump the gun and have already started to unload U.S. Treasury’s as their currency falls to reflect lower trade and China’s devaluation of the Yuan.
Apparently, the U.S. has now crossed the Rubicon of sorts and will be forced to “print” deficit spending as a last resort. It is called MONETIZATION and has ALWAYS led to hyperinflation.
Sinclair contends, “This is a pre-crash, and we are not making it through September without the real thing.
The US Plunge Protection Team is losing control of the markets, and Sinclair warns, “They got the dickens scared out of them. They actually backed off providing the funds necessary. . . . That’s your warning. The warning is markets can overrun plunge protection teams. Markets can and will overrun the manipulation of metals and currencies.
The market will overrun the false strength in the US dollar…
The two last men standing will be gold and gold on steroids-silver.”
It’s BLACK MONDAY, August 24, 2015: Andy Hoffman joins us to recap the 1,000+ plummet in the DOW at the market open and the “sheer horror” of what is to come.
Andy breaks it down in this way, “There is nothing ‘flash crash’ about this morning, this is called an overwhelming supply of sell orders at the open as people are terrified for their financial lives as they should be. Because this is just the beginning. Unless they hyperinflate it (the stock market) which is very possible, look what’s going on in Venezuela, we are going to revisit the 2008-2009 lows without a question. So this is not “flash crashing”, this is terrified panic as it should be.”
“What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur.”
The formula for hyperinflation concedes that massive debts require massive servicing.
We don’t collect enough to meet that at normal rates of interest. Budget deficit numbers and perception can be fudged for all eternity, but ultimately, it is the massive flow of coming payments that will require equally massive bond offering.
The dollar is revealed to be a paper thin instrument of warfare, a twisted illusion, a weapon in a covert economic war that threatens our very livelihood.
We are going to see a negative gradual financial crescendo into September and fear is going to strike the entire financial world far more then than it has now.
All of this crescendo leads to a blow off of the top of the mountain of the most magnificent volcano know to man obliterates the surrounding landscape and peoples.
I am speaking of the red hot magma of the paper bond and derivatives market and multitude of naked no substance bets that the entire financial world rests upon and how fragile it is. It is going to fail in about 60 minutes…
The reality of the situation is that not only is this contagion soon to reach America, there will be no stopping it when it does…
– 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…
The Doc from SD Bullion and Silver Doctors and our friend Eric Dubin from News Doctors join us at the SGTReport to discuss the very latest developments in the global precious metals markets where we see India on track to import 33% of ALL PHYSICAL silver on planet earth in the 2015.
We also discuss recent evidence of a gold bullion run on the Comex, the potential for hyperinflation of the Dollar, and much more.
So settle in, buckle up and thanks for tuning in!