What will the next financial meltdown look like to the man on the street? Market analyst Lynette Zang predicts, “The BIS showed how they would bail in the banks over the weekend. It’s pretty easy to see if you look across the pond to Greece. You will have no access to your wealth. You may have a pretty statement that says you have xyz (stocks) in there. You just can’t touch it. It will be the same thing with your bank account… basically, access will be gone. That’s what it will look like, and people are going to be freaked out. What do you do when the computer says no? There is a certain amount of cash in the ATM, maybe $60 a day, maybe $300 a day. Who knows? But it’s not going to be enough. Most people will freak out because they have about three days of food in their house. Most grocery stores have about three days of food on their shelves. So, what happens after day six? People will will panic…”
The so-called Deep State has been trying to take President Trump down, and nothing has worked. If the Deep State cannot take Trump down, what are they going to do? Trader/analyst Gregory Mannarino says,
“They are going to collapse the economy…There are those on the inside that are determined to bring down this country. If this thing comes apart, we have the potential for civil war right here in the United States.”
Something is cooking over there….
It’s not going to be the Middle East. It’s going to be China…
People have been engineered for a fall, and it is only a matter of time. “The building is going to catch on fire, the problem is figuring out how far it goes.”
Legendary Investor Doug Casey Says An Economic Melt-Down is Coming:
“We’ve Entered Upon the Much Greater Depression. Look at it as a GIANT FINANCIAL HURRICANE…People should buy gold and they should buy silver. . . . They’re going to both go up. I’ll say this again, gold and silver are the only assets that are not simultaneously someone else’s liability. So, there is going to be a panic into them at some point, and some point soon I think…”
What will the end of 2017 look like? Financial analyst Bill Holter says,
“We are going to have to have some sort of reset. The reset will include a bank holiday. Your ATM won’t work. Your credit cards won’t work. Distribution is going to fail. It’s all about credit. Everything financial and everything economic relies on credit. I believe that we are going to have a credit crisis this year where credit becomes very scarce or actually dries up completely. You are talking about distribution breaking down and people going hungry, riots, martial law, cross default from country to country to country to country, bank to bank to bank and broker to broker to broker. Everything runs and lives on credit, and without credit, it’s almost like caveman days.”
Occasionally, a bit of truth escapes…
The closer the system comes to unraveling altogether, gold and silver remain attractive as a means of holding onto money with ready, liquid exchange value.
How Close Are We to the “Panic of 2016”?
Gerald Celente says, “We are at the doorstep, and it’s ready to go…”
Bo Polny predicts that people will catch what he calls “gold fever.” Polny explains, “The moment gold goes vertical, people are going to realize gold is money. Well, yeah, but actually it is insurance against paper money. When paper money fails, then your insurance policy pays out with money, gold money. So, it’s just that simple. . . . Gold is only an asset and insurance policy if you are holding it.”
From Greg Hunter:
The market keeps falling and the Fed can’t stop it. Gold is up something like $100 an ounce.
The price of gold is going to skyrocket, and it’s going to go up so much more than this because we are just getting started.
They are not going to do anything to rein in inflation because it’s impossible. Gold is going to sense this. It’s going to smell blood. You’ve got a lot of people who are shorting the gold market. They are going to get crushed.
from USA Watchdog:
Financial expert Jeff Berwick says you don’t have to wait for the next market crash…
“Gold rises when people lose confidence in government. It has nothing to do with inflation. So, when you start to worry about government is not going to survive or who’s going to win, that’s when gold rises. Short term, we still have the risk of it going under $1,000 per ounce. It’s going to flip when everything is right. It will probably max out at $5,000 per ounce. . . . You are really talking about a major reset coming…”
From Greg Hunter, USAWatchdog:
“Everything that previous presidents have done to try to defuse the kind of tensions between nuclear powers that could lead to war, all this has been thrown away by Clinton, George W. Bush and the current White House fool. It’s all due to the Neoconservatives. So, yes, we are in a more dangerous situation than in the worst part of the cold war.”
Former World Bank Senior Counsel and whistleblower Karen Hudes has an amazing revelation about secret U.S. gold.
Hudes says, “We’ve been offered, the United States, 170,500 metric tons of gold on deposit in the bank of Hawaii to underpin our currency which is about to crash. The Federal Reserve Notes are unconstitutional, and we don’t have to pay interest on our debt, and we don’t have to have debt for that matter.”
What does Hudes say to her skeptics that doubt her story of 170,500 tons of gold in Hawaii? Hudes says, “I say you are totally kept in the dark and that the mainstream media is controlled by this network of control that is totally documented by the Federal Institute of Technology. You really ought to chide yourself that you are deliberately kept in the dark. So, you shouldn’t be surprised that the world’s wealth is hidden from you when so much else is hidden from you.”
Robert Wiedemer, best-selling author of “The Aftershock Investor,” says the so-called recovery is “100 percent fake.” Our entire growth is due to government borrowing . . . it’s a fake recovery.”
On the bond market, Wiedemer contends, “ The money we are printing, ultimately, will create inflation. That’s really going to be a problem for the bond market.”
On gold, Wiedemer says to not believe the false narrative that gold is a “risky” investment: “Let’s look at gold since 2000. Up 12 years in a row, every single year. That’s risky? We’re still up over 300% from where we were in 2000!
For anyone who thinks we’ve seen the worst of the bad economy—think again. Wiedemer predicts, “The big one is coming . . . we’re just pumping up the bubbles, and all that’s going to do is make them a lot worse when they pop. . . . You are just putting more gun powder under the house . . . that’s a big mistake long term.”
Robert Wiedemer’s full interview with Greg Hunter is below:
Professor William Black is a former financial regulator and an expert in white collar crime. According to Black, the financial system is headed for an even bigger collapse. As a major warning sign, Professor Black points to Treasury Secretary Jack Lew’s recent complaint about no money for regulation in the recent budget deal. Professor Black says, “Jack Lew is the anti-canary in the coal mine because Lew has been gutting regulation for virtually all of his professional life. . . . Lew is saying, my God we’ve gone so far we’re going to cause the collapse of the system. . . . You know when Jack Lew keels over, you know that carbon monoxide has already killed everybody reasonable.” Professor Black goes on to say, “The system is ungovernable . . . It has already largely imploded.”
Join Greg Hunter as he goes One-on-One with former bank regulator William Black.
Gerald Celente is one of the world’s top trends researchers. His top trends in 2014 start with the Middle East. Iran, Syria, Egypt, Israel, Yemen and Turkey are just a few of the countries facing big problems. Celente exclaims, “You just keep going around the Middle East, it’s total turmoil.” Will there be war in the Middle East in 2014? Celente says, “I thought it would have happened last year; but, then again, there are wild cards.” On the economy, Celente predicts, “Interest rates are going to go up. . . . When interest rates go up, the economy is going down—period.” Celente goes on to say, “I think they are going to institute more tapering, and it’s going to create a financial crisis worldwide.” On gold, Celente predicts, “Then they’re going to dump more dough into the system. When that happens, that’s when you’re going to see the real panic start to happen. . . . You’re going to see a rise in gold prices that’s going to eclipse the last one.” In Asia, Celente points out, “Things are heating up between China and Japan. If that thing goes into a war, it’s a whole new game.” Celente predicts, “Absent the war card, I think we will see a financial crisis before the end of the second quarter of 2014.”
Former Assistant Treasury Secretary Dr. Paul Craig Roberts says, “Let’s cut to the chase. It’s got nothing to do with Syria. The reason they are looking for a fabricated excuse to attack Assad is to continue the radicalization of Muslims in the hopes this spreads into the Muslim populations of Russia and China. . . .
Washington intends to weaken the two giants it cannot run over.” Dr. Roberts goes on to warn, “I think this will lead to World War III, and that, of course, will be nuclear.” One big dilemma Dr. Roberts points out, “The issue is will any aspect of the government have any credibility if they back Obama when the rest of the world already knows he’s lying through his teeth? . . . This time the big lie didn’t work like it did in Iraq.” On the economic front, Dr. Roberts worries, “If they start abandoning the dollar, the collapse of the exchange rate will bring down the whole house of cards in the United States. The Fed will lose control. The banks will fail. Prices will rise dramatically. People will essentially not be able to pay their bills. It will be an unbelievable mess.”
What would happen to gold with a Syrian war? Dr. Roberts says, “If you get a real collapse in the dollar, gold could be $30,000 an ounce. Who knows?” Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.
Financial analyst Jim Willie says there is no way the Fed is going to stop printing money or even “taper” it. He charges, “Everything is dependent on Fed support. They know if they take it away, they’re going to create a black hole. The Treasury bond is the greatest asset bubble in history. It’s at least twice as large as the housing and mortgage bubble, maybe three or four times as large.”
Willie goes on to say, “I think the Fed’s balance sheet is going to expand further, not contract.” As far as the gold price, Dr. Willie says what you are seeing now is not real. Dr. Willie says, “In order for the real gold price to reflect true value, we must shut down the COMEX. Don’t worry; they’re helping themselves to shut it down by keeping the price down and causing a fire sale around the world.” Willie says a big upward move is coming in gold. What could be the trigger? Willie says, “It might be a default for gold delivery . . . at the same time that a big bank fails. I am hearing every single night there are three big banks that are running the risk of failure.” Willie predicts, “If we have another repeat of Lehman, it’s going to be 10 times larger. It’s not going to be containable.”
Financial analyst Karl Denninger says, “If you keep raising the debt ceiling willy nilly, you’re going to get downgraded.” Denninger thinks the latest talks in Washington will only kick the fiscal can down the road. He says, “The truth of what we have to do is still politically impossible.” Denninger contends, “All you are seeing now is the tap dance around the fact we have to accept a 7, 8 maybe 10 to 15% fiscal contraction in GDP in order to come back into balance.” Denninger says the sooner you take the hit, the better it will be because “the damage you take today is always less than the damage you will take if you kick the can and wait until tomorrow.” Don’t expect politicians to do the right thing–yet. Denninger says, “There is no stomach to put their jobs on the line . . . We need statesmen who will say I will get fired over this. . . . That’s the price the country has to pay.” Join Greg Hunter as he goes One-on-One with Karl Denninger.