If the following is any indication, the bankster elite are in BIG trouble:
From PM Fund Manager Dave Kranzler:
If the Fed were to reverse the portion of its QE in which it injected trillions onto big bank balance sheets as well as fomented a mortgage/housing bubble, the Too Big To Fails – including Goldman Sachs – would collapse. Make no mistake, it would ultimately prove to be a good thing.
However, there’s also a growing groundswell of grassroot Americans who have “woken up.” Perhaps the only good attribute of the last election is that it hastened the rate of enlightenment. Too be sure, the number of Americans who understand the difference between Truth and Propaganda has vastly increased.
A reader of this blog and subscriber to the Mining Stock and Short Seller Journals submitted this narrative of a recent “enlightenment” experience that occurred while on a routine visit to the local barber shop. It’s worth perusing:
I’m almost speechless as a result of the experience I just had. I have just returned from getting a haircut at the local barbershop downtown. I was there along with the barber, a semi-retired gentleman who now drives a school bus part-time, and a local hay farmer. Our conversation was an absolute stunner, and provides very compelling (albeit admittedly anecdotal) evidence that the bankster elite are in BIG trouble.
Well, first of all, the barber (in his late 30s) was explaining for all of us how the big banks are in MAJOR trouble on account of (and I am quoting verbatim) “the trillions of dollars of complex derivatives they are holding that are going to implode as a result of the rapid rise in US treasury bond yields.”
The bus driver then explained to everyone how he is no longer keeping any more money in his checking account than he needs to cover outstanding checks; that otherwise he holds all of his money in cash at home.
Why? Because he is afraid that, at some point in the very near future, “we’ll all wake up on a Monday morning to discover that a bank holiday has been declared, and none of us will be able to access our funds.”
Finally, the hay farmer told us all how, as a result of having an excellent harvest this year, he had opted to pay off, two years early, the loan on his new tractor. He explained how he had received a call from the bank holding the loan, and the loan officer had attempted to convince him to NOT pay off the loan yet, and even offered to refund twelve months of interest payments if he would simply carry the loan to full term. The farmer adamantly refused.
His response to the bank officer?
“I understand perfectly well why you want to keep this loan on your books for two more years: you are using my loan as collateral to borrow short and lend long to the tune of at least ten times my original loan balance, and if I pay off my loan early, my debt and your collateral will be extinguished at the same time, and you’ll have to come up with more collateral to back up loans you never should have made in the first place.”
I was stunned!
“… borrow short and lend long … if I pay off my loan early, my debt and your collateral will be extinguished … loans you never should have made in the first place.” WOW!
I sat there absolutely amazed at the relatively high level of understanding manifest by these “salt of the earth” types — and I realized the extent to which the global elite have grossly underestimated the common folk of this world.
I am, at this moment, as hopeful for the future of America as I have been in many years.
Privateer 2 oz Silver Rounds
Snatch Em Before They Walk the Plank!