Gold & silver aren’t the only things that are fast disappearing…
Something doesn’t add up, so let’s connect some dots and see what we can come up with.
First, recall that back in late March, the FDIC Chair said the last thing you want to be doing is pulling your money from the banks and “walking around with large wads of cash”:
And “you certainly don’t want to be hoarding cash in your mattress”, either!
But don’t take ‘Ol Half Dollar’s word for it, hear it right from the FDIC Chair herself:
Oh, how nice.
When the FDIC Chair goes on the air to make a public service announcement to say “your money is safe in the banks”, well, let’s just say there’s a reason the only money I personally keep in the banks is exactly what I need to pay my bills, plus some excess as a cash-savings buffer because, well, if you’ve ever had teenagers in the house, especially teenagers rockin’ the latest and greatest iPhones, you will experience buffering.
Also recall that Powell admitted to the fact the Fed literally just prints money.
Which kind of makes one wonder why the FDIC Chair is so concerned about people taking their money out of the banks if the Fed just prints it digitally anyway?
OK, “Hey Half Dollar, the FDIC Chair made that public service announcement before Powell went on 60 Minutes and admitted to printing money you big dufus!”.
You don’t get to be the FDIC Chair without knowing how the scam works, so it doesn’t really matter that the egg came before the chicken.
With Powell’s admittance, there’s no need to even spend money for the ink and paper because this money’s simply printed digitally.
Here’s the question: You don’t think a few people are starting to get just a little bit squeezed, and they’re beginning to catch on to what’s really going on around here, do you?
Because when the bank pays $0.01 in interest per month on an interest bearing checking account while prices at the grocery store go up each and every week, and on the basic necessities, if you can find them, which is a big “if” all unto itself, um, sure thing Mrs FDIC Chair!
Good luck with people keeping money in the banks.
But wait, there’s more!
Just this week, the US Mint Director said the nationwide coin shortage is due to a “circulation” problem:
It’s not a circulation problem, it’s really Gresham’s Law in action, but if the US Mint doesn’t even know, much less follow, what Article 1, Section 8 or Article 1, Section 10 of the US Constitution is, how in the heck would the US Mint Director know why there’s a coin shortage?
Alternatively, the US Mint Director is lying, and he knows it’s Gresham’s Law.
Regardless, now we have a plot twist, and this is where the MSM Propagandists get involved.
Here’s the news story that’s making the rounds, beginning yesterday:
If you search the internet, you will see this news story blasted all over the United States, and beyond, really, on regional MSM outlets and on national MSM outlets, and it’s basically a copy-paste article which says very little.
Friendly reminder: Chase Bank forgave ALL credit card debt for ALL Canadians just last year:
Yet Chase couldn’t hand this poor old fella another bag of cash?
Here’s the entire ‘life savings stolen’ article as it appeared on Fox News this afternoon (bold added for emphasis and commentary):
A California man was beaten and robbed of $200,000 he had just withdrawn from his bank.
Francisco Cornejo had accumulated the hefty sum after selling his home in Huntington Park, according to local reports. On July 30, as he returned to his car following the withdrawal from a local Chase bank, Cornejo was attacked and his life savings ripped from his hands.
The incident was filmed by a bystander, but the footage could only provide the police vague details. The assailant wore a black hoodie and their face was obscured during the incident.
Cornejo’s attorney, Nathan Soleimani, said that investigators were searching for surveillance footage from the bank after the suspect managed to get away with all $200,000.
“Within 30 seconds of just getting to his car, he was grabbed, beaten, robbed, and they took everything from him,” Soleimani told KTLA. “He was literally fighting for his life savings, and when he was being beaten he was doing his best to try and retain the bag that he brought with him.”
Cornejo was left with bad bruise on his hip and right arm, and said his shoulder was dislocated during the scuffle, the New York Post reported. Soleimani claimed that his client had not informed anyone of his plans to make the withdrawal.
The FBI has gotten involved with the investigation.
“Thank God he’s alive. His family is grateful he got out of it with just the injuries that he has,” Soleimani said. “At the end of the day, they’re thankful for him being here.”
Now, I’m not saying this guy was or wasn’t robbed, but what I am saying is that we know if the MSM does one single thing to us, all the time, that is to lie.
And why not use this as an opportunity, at the very minimum, if not for an outright lie, then for some good old-fashioned fear porn?
Still, several things do not add up from the article above (or the tweet for that matter).
For example, why $200,000?
That seems like a peculiar (and very exact) amount, does it not?
Of course, it’s also under the coverage limit in most instances and surely his:
So why in the heck would the poor fella take out two-hundred grand if every single penny, which nobody has ever “lost” since 1933, according to the FDIC Chair in that video above, would have been covered by FDIC insurance?
Now, that’s not the only problem I have with this “news”.
For example, why did the guy pull out all of his money at once?
I mean, seriosuly?
If a guy is smart enough to accumulate, over a lifetime of work, two-hundred grand, you mean to tell me he’s not smart enough to know not to put all of your eggs in one basket?
In other words, if the guy was smart enough to have a cash balance of $200,000, then why wasn’t he smart enough to take it out in a few different trips to the bank?
It doesn’t make sense that he would withdraw it all at once.
On the topic of withdrawing money from the bank, while it is unclear in the news story, just try withdrawing such a large sum of money, in cash, at one time.
First of all, to withdraw $200,000, that’s something the bank has to coordinate ahead of time because it’s not like the bank just keeps a crap-ton of cash on hand.
Try withdrawing just a few grand at one time, and the banks will give you nothing but a hassle, and, in my experience, will still force you to come back for the cash on a different day because, again, in my own humble experience, it has happened to me.
Furthermore, if you’re taking out just $10,000, or even depositing a large sum of cash like that, you’ll be treated like a terrorist.
So something about this latest news doesn’t add up.
Let’s also consider the “Go Fund Me” page set-up by the supposed daughter (bold added for emphasis and commentary).
My parents needed this money to get through this pandemic as they are both unemployed, to support my 94 year old grandma with her medical and living expenses, to pay for my sister’s grad school tuition, and to send money to their family and loved ones in Mexico and El Salvador
Again, I’m not saying this did or did not happen, only, something doesn’t add up.
For example, the 94 year-old grandma’s medical expenses are paid for with cash?
I don’t recall paying cash for medical expenses, aside from the minimal co-pays and what not.
The sister’s grad school tuition is paid for in cash?
Now, everybody knows ‘Ol Half Dollar ain’t no dang employee of the College Registrar’s office, much less a University Administrator, but I’m pretty sure you don’t hand over a literal wad of cash to cover the cost of a stinkin’ post-doctorate degree!
And as for sending money to Mexico?
Anybody that sends money to Mexico (or pretty much anywhere) does it with an app on their phone using some service like Xoom (owned by PayPal), where it’s zapped directly from the sender’s own bank account and is deposited directly into that of the receiver, for utmost convenience, with the smallest fee, comparatively speaking, seamless, and all accomplished in less than an hour.
Something doesn’t add up.
Here’s what I think: I think the MSM Propagandists are now set to go on the offensinve with these kinds of stories and more.
In this instance, the purpose of the MSM’s propaganda is to plant the seed in the collective psyche of America that sprouts into the whole I-Better-Not-Take-My-Money-Out-Of-The-Bank-Because-It’s-Not-Safe Plant.
Or is that not what’s going on here, especially when we see stuff like this, also from this week:
News flash: Inflation is understated, and those in the bottom 90% are starting to feel the burn of inflation, all the while prices for groceries are skyrocketing, as are the prices for other basic goods and services, and if that wasn’t’ bad enough, many goods are becoming scarce and hard to find.
In fact, just this week, I’ve been having trouble purchasing tortillas and yeast, which is different than what I was having trouble finding and purchasing last week, which was pasta, crackers and ham if my memory is serving me correctly.
Here’s my over all point, which I’ll ask as a question: If the bank runs have begun, as well as the crack-up boom, with everybody still relatively isolated and operating under the minimum of public outings, gatherings and more, wouldn’t the bank runs and the crack-up boom be hidden from the public’s view, at least initially?
Not hidden from the public’s view is silver’s massive rise to nearly $30:
Of course, you can’t actually get an ounce of real, physical silver for that price.
Gold looks like it’s consolidating, albeit an ugly consolidation:
Those investors looking for a deeper pullback may be disappointed if $2000 is the new $1800.
The paper gold-to-silver ratio ends the week in the low 70s:
Virtuous cycle, or will silver keep rising and have us talking about the GSR with a 60-handle next week?
Palladium’s choppy right now:
For the moment, I don’t think the cartel’s too concerned with palladium, so I’d be looking for continued swings like this for a while.
Unless, of course, it becomes obvious to all that the crack-up boom has begun, and then it would be “all bets are off”.
Speaking of betting, people get mad when I call it a “rigged casino”, but there’s really just no other way to describe it:
In my opinion, even if one is a whiz bang profiteer whose P&L is permanently in the green, to the tune of double-digit percentage gains no less, if one gambles in the rigged casino, even if one is winning, then one is ONLY FEEDING THE BEAST.
I hope people understand the fact that the only way to get our free markets back is by starving the beast?
Who am I kidding?
Most people are sheeple, and on top of that, most people are greedy, so yeah.
Nobody is willing to sacrifice a day of profits for the benefit of free markets, so sadly, the only way we’ll get there will be after very much pain.
Spoiler alert: We will get there, and that’s the same way we’re going back to gold & silver.
But I digress.
Platinum is showing itself to be quite the fighter:
With a last price of of $982, we’ve regained the green, year-to-date.
Crude oil is still, amazingly, after some rusty old sea vessel apparently blew up a quarter of Beirut, barely moving:
So glad to see that’s settled and out of the mainstream news!
Yes that was sarcasm, and yes, I’m wondering why there’s no “fear premium” affecting the crude oil market right now?
OK, “Hey Half Dollar, well duh, the markets are rigged, so there would only be a fear premium if they wanted one!”.
My question was rhetorical smarty pants.
Copper took it on the chin today:
I’m still not convinced the price of copper is going to crash because I think the inflationary forces are simply too strong, and now that we’ve got Gresham’s Law in the wide-open, we could end up with the same reality that we see in silver where the futures market price is one thing but getting real, physical metal in-hand is another.
Zero-point-five, that’s what:
Because 0.5% to 0.6% is becoming the new sideways channel.
Speaking of sideways channel, the dollar index is offering us the choppy variety:
Bulls who think we’re bottom bouncing may want to strap on a parachute, you know, just to be safe.
Cities in America continue to burn, a city in the Middle East gets blown-up, and investors have not a fear in the World:
Making a cameo this week to present the US stock market, here’s President Donald J. Trump:
RECORD HIGH NASDAQ! It would all come crashing down, including your Jobs, Stocks, and 401k’s, if Sleepy Joe ever became President. China and others would own us!!!— Donald J. Trump (@realDonaldTrump) August 3, 2020
“Record high”, says Donald ‘I-Don’t-Watch-The-Stock-Market’ Trump.
The “RECORD HIGH NASDAQ!” didn’t just set the record on Monday, either:
Oh no, because it’s record high after record high for as far as the eye can see, or at least until President Trump is out of office, be it in 2021, or in 2025, or in 20 twenty-whenever.
The bottom line as we find ourselves here this beautiful Friday in early August?
The signs really are all around us, and all we have to do is connect the dots.
From the FDIC, the Fed, the US Mint, and the Propagandists, it’s clear!
Days of rapid price inflation mixed with scarcity are indeed here!
I can name ten things off the top of my head that I can’t find.
And the things that I can buy only cost more and more.
And more, and more, and more, and yes, more.
It does seem the crack-up boom’s begun.
Seems like bank runs’ve begun too.
It will be massive panic-buying.
As hyperinflation kicks-in.
At first, for necessities.
And then what for?
For all things.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, a former amateur trader, and a Silver Bug at heart.