- It is that time of the year again when I declare war against Illuminist intelligence agencies and their MSM shills. See also:
Physicist Challenges the Official 9/11 Story!
9/11 Was An Inside Job! False Flag Terror and the 10th Anniversary!
9/11 Was An Inside Job! Controlled Demolition of WTC Tower 7.
Former MI5 Agent Annie Machon On Mossad Involvement On 9/11 !
Pilots for 9-11 Truth: World Trade Center Attack! The Official Story Is Absurd And Is A Lie!
NASA Flight Director Confirms 9/11 Aircraft Speed As The “Elephant In The Room” !
Zionist Mossad Involvement in 9/11: Five Dancing Israelis!
Former BBC Reporter Alan Hart Reveals ‘Mossad’ Involved in 9/11 !
Top Construction Firm: WTC Destroyed By Controlled Demolition!
9/11 NYC Firefighters’ Controlled Demolition Testimonies!
9/11 Truth’s HUGE Demostration At Los Angeles Anti-War March!
9/11 Missing Links To Israel
Ex-Italian President: 9/11 Was CIA/Mossad Operation
Dr. Alan Sabrosky, Ex-Director of Studies At The US Army War College: The US Military Knows MOSSAD and Traitorous Elements in US Government did 9/11 !
9/11 Clues Everyone Missed!
Alex Jones: Speech On Architects and Engineers for 9/11 Truth Seminar at DoubleTree Hotel, Austin Texas.
9/11 Commission Was Ordered to Scale Down Investigation!
Architect Ron Avery Discusses Evidence of 9/11 Being an Inside Job!
Texas Architects & Engineers call for a Real Investigation of the Destruction of the World Trade Center on 9/11 !
Fabled Enemies: 9/11 False Flag Operation and State Sponsored Terrorism!
9/11 Truthers Attend Treason in America!
Eye Witness Reports on Bombs/Explosions Bringing Down The WTC!
Bush Caught Lying About September 11th!
Professors Phillips & Huff: State Crimes Against Democracy!
Twelve New England Towns Demand 9/11 Reinvestigation
Fire Fighters for 9/11 Truth !
Architects For 9/11 Inquiry: Fire Couldn’t Demolish WTC In 11 Seconds !
9/11: Analysis of North Tower Demolition!
9/11 Truth Search: Planes Didn’t Take Twin Towers Down !
1,000 Architects & Engineers Call for New 9/11 Investigation!
Professor Chossudovsky: War and Globalization – The Truth Behind September 11 !
9/11 The Road to Tyranny
Former FBI Chief Says 9/11 Was An Inside Job!
Outfoxing the 9/11 Coverup
Controlled Demolitions Caused the Collapse of the World Trade Center (WTC) buildings on September 11, 2001
The 9/11 Commission Rejects own Report as Based on Government Lies!
Bigard’s 9/11 Series
9/11 Truth Revolution
9/11 and Hitler’s Reichstag Fire!
Bee Gees: 9/11 is a Lie!
Stop the 9/11 Cover-Up! 9/11 Commission Members Doubt Official Story !
9/11 Loose Change Documentary
Seven CIA Veterans Challenge 9/11 Commission Report!
Actor Charlie Sheen: America Was Behind the 9/11 Atrocities!
Aaron Russo: Rockefeller Knew about 9/11 Well In Advance?
Jesse Ventura on 9/11 Inside Job
Turning 9/11 Realities Upside Down: When the “Big Lie” becomes the “Truth”
9/11 In 7 Minutes! 9/11 Myths – Think About It!
Japanese Politician Yukihisa Fujita: Bush’s 9/11 Lie !
Councilor Fujita Questions 9/11 in the Japanese Diet (Parliament)!
The 9/11 Chronicles: Part One, Truth Rising!
Richard Gage: Was 9/11 an Inside Job?
Justice for 9/11
9/11 Coincidences – 1
9/11 Coincidences – 2
9/11 Coincidences – 3
9/11 Coincidences – 4
9/11 Coincidences – 5
9/11 Video Clips Dan Rather Would Rather Not Show You
Osama Bin Laden Worked for US until 9/11
Experts Want New 9/11 investigation
Jesse Ventura: They Spent $100M Investigating Clinton But Only $4M On 9/11!
Egyptian General (Ret.) Muhammad Khilf on Al-Mihwar TV (Egypt): 9/11 Was An Inside Job!
Professor Harrit: WTC Buildings Were Brought Down By Controlled Demolition
Official 7/7 London Bombing Account is a Complex and Contradictory Series of Lies!
New 7/7 Bombing Photo Contradicts Official Story
9/11 FLIR Infrared Camera proves NIST and 9/11 Commission Lies
Major General (Ret) Albert N. Stubblebine: Official Version of 9/11 is a Fraud!
29 Structural & Civil Engineers Cite Evidence for Controlled Explosive Demolition in Collapses of All 3 WTC High-Rises on 9/11
Major 9/11 Truth Breakthrough KBDI Denver Airs 9/11 Press for Truth
9/11 Blueprint for Truth
Danish Scientist Niels Harrit: Nano Thermite (Explosives) in the WTC Dust !
Active Thermitic Material Discovered in Dust from the 9/11 World Trade Center Catastrophe
Medical Professionals for 9/11 Truth
Political Leaders for 9/11 Truth
- Can Helicopter Ben Shalom Bernanke bail America out via a US$5T QE 2.0? It remains to be seen. The ‘unintended consequence’ will be hyper-inflation and end of the USD. Dr. Martin Weiss has some rather startling news.
If Fed Chairman Ben Bernanke honestly believes what he said at Jackson Hole on Friday — that he can save the economy by printing more money and buying more bonds — he’s hallucinating. Through the first quarter of this year, he printed $1.5 trillion of paper money and promptly bought $1.5 trillion in mortgage bonds, government agency bonds, and Treasury bonds.
But the entire effort was a dismal failure; the U.S. economy is still sinking and most large American banks are still weak. The underlying reason: While the government has been borrowing massively, nearly everyone else has embarked on unprecedented debt LIQUIDATIONS. In other words …
While Washington is gorging itself on new debts, nearly every other sector is undergoing massive liposuctions.
How do we know? Because that’s what the Federal Reserve itself is reporting — unambiguously and conclusively. But the collapse in private sector credit is so dramatic that among ALL the major categories the Fed tracks, NOT ONE is expanding its debts. Rather, every single sector is in advanced stages of unprecedented and massive debt liquidations! Specifically, as you can see in the chart above …
- Corporations are cutting back on their bonds at a record pace of $355 billion per year …
- Banks are cutting back on their lending at the yearly rate of $273 billion, and …
- Worst of all, mortgages are being liquidated at a record-smashing pace of $560 billion annually.
In addition, the Fed is reporting net cutbacks in consumer credit ($39 billion), open market paper ($154 billion), agency bonds ($16 billion), and other loans ($174 billion). And remember: We’re not just talking about a slowdown in the pace of new borrowing — the pattern we used to see in typical recessions of the past. No! These are actual net reductions in debts outstanding — the basic stuff that depressions are made of.
In sum, nearly all the money Bernanke has printed — plus all the money he has supposedly poured into the economy — is going nowhere, except perhaps down the drain. He’s clearly running on a treadmill … pushing on a string. Whatever you do, do not underestimate the potential impact of this situation. It is …
Huge! Including both the government and private sectors, the total new credit created in 2007 was $4.5 trillion. Now, it’s running at an annual pace of about ZERO! That $4.5 trillion was LOT of money — and it’s all money that’s NOT pouring into the economy any more.
Unprecedented! This has never happened before in modern times — not even during the deepest recession of the postwar era. During the Great Depression? Yes. But in proportion to GDP, the debt buildup before the Depression — as well as the debt liquidations during the Depression — were not as large as they are now.
Getting worse! Despite everything Bernanke has done to try to stop it, the debt liquidations are accelerating — especially in the mortgage area. Consider these basic facts:
Back in 2005, lenders issued $1.4 trillion in new mortgages over and above those that were paid off or went bad — a fantastic amount of fresh new money pouring into the housing and construction markets.
But by 2008, they had cut back their new mortgage lending by a whopping 94 percent. The industry virtually died — an unmitigated disaster for the economy.
At that point, pundits assumed it was the end of the decline. On a net basis, the creation of mortgages in the U.S. was practically down to zero. “So how much further could it possibly fall?” they asked.
Meanwhile, Bernanke apparently assumed that, by buying crazy, unprecedented amounts of mortgage bonds, he could somehow stop the decline — or at least offset its impact. But the decline in the mortgage market didn’t end there in 2008 …
In 2009, it got worse — a lot worse! Not only was new mortgage money largely unavailable but OLD mortgage money was pulled out. Result: We saw net mortgage liquidations of $283 billion!
And for the first quarter of 2010, as I highlighted earlier, the Fed reports net liquidations running at an annual pace of $560 billion, the worst in history.
The Unavoidable Consequences
These forces are more enduring than any monetary policy, bigger than any government. They are unmistakable, unavoidable, and overwhelming.
Bernanke can try to make believe they don’t exist. But you cannot afford to take that risk. You must recognize the truth and consequences that he’s not talking about …
Consequence #1. Bernanke’s nearly powerless. No matter how many more bonds he buys, Bernanke cannot save the recovery. Sure, he could push 30-year fixed mortgage rates down some more. But even the lowest mortgage rates in recorded history haven’t made a bit of difference. In fact, despite low rates, mortgages are being liquidated at an even FASTER clip. Home sales falling even MORE rapidly.
Consequence #2. Double dip. The double-dip recession we’ve been warning you about is now on its way. Meanwhile, administration economists still swear on a stack of Bibles that the double dip is not in the cards; and private economists think the probability of a double dip is only 20 to 30 percent. They must be getting their hallucinogens from the same source as Bernanke.
Consequence #3. More bank failures! As a whole, despite government bailouts and regulatory reform, the nation’s banks and thrifts are no healthier today than they were before the onset of the debt crisis. The big difference: This time the government is unlikely to have nearly as much political or financial capital to bail them out.
Finally, above all …
Do not believe Bernanke! Given all the facts he has at his fingertips — the same ones I’ve just presented here this morning — I doubt he even believes himself. Good luck and God bless!
- The Hindenburg omen is indicating a very strong possibility of a crash within 40-120 days. I suggest you take the advice and remain on the sidelines. There is a 30% chance of a full-blown financial system rattling event.
Stock markets face a ‘bloodbath’, warns SocGen strategist Albert Edwards
Investors should brace themselves for an equities “bloodbath” and a further fall in bond yields when the current excessive optimism propping up the market seeps away, Albert Edwards, a strategist at Société Générale, has warned.
Mr Edwards said there was too much hope among investors, with excessive valuations in the US, but predicted it would come to an end in the coming months as economic data increasingly pointed to a double-dip recession.
“Equity investors are in for a rude shock. The global economy is sliding back into recession and they are still not even aware that these events will trigger another leg down in valuations, the third major bear market since the equity valuation bubble burst,” he said
The yield on UK benchmark 10-year bonds was 2.88pc yesterday, and Mr Edwards forecast a further fall to below 2pc. He predicted that “global cyclical failure” would push US 10-year yields down to 1.5pc-2pc, and German bunds to below 1.5pc.
“So far the equity market has shrugged off much of the weaker data that abounds, and has not joined the bond market in a perceptive move. “The equity market will though crumble like the house of cards it is, when the nationwide [US] manufacturing ISM slides below 50 into recession territory in coming months.” The ISM index fell to 55.5 in July from 56.2 in June. Mr Edwards forecast a return to the “valuation nadir last seen in 1982″, with the S&P bottoming at around 450.
“The Secret of Oz”: Having Private Banks Create Money Is The Root Cause Of All World Poverty, Hunger, Disease And Misery!
- Oz Economics
How important is this issue worldwide? Having private banks create money is the root cause of all world poverty, hunger, disease and misery. And until we fix it, we will never be able to make a dent in these other issues.
We can fix this. We can fix it in a matter of months — a year at most. We can make our government the most financially sound in the world — nearly overnight. The government can loan out all the money any state needs to build roads or schools or hospitals – interest free. Approximately half of a state’s infrastructure cost is from interest on borrowed money! When the money is repaid by the states it will all come back to the federal government, preventing inflation. All we have to do is to take back the power to control the quantity of money and put that power into the hands of the federal officials closest to the voting public — namely the Congress of the United States.
Some say, “Well, those crooks in Congress will create too much money once they get the money power.” But Congress now “creates” all the money it wants! It just creates it as DEBT, which never gets paid back, and which we the people have to continually pay interest on. Instead of creating bonds — or debt — the government could and should be creating DOLLARS, interest-free.
More money for people.
Others will say Congress isn’t responsive to the people as it is. Well of course not. Politicians are responsive to those with the power. Right now, the banks have the power. We have to take back the ultimate power of any nation – the power over its money. With the power of banks diminished, politicians will become responsive to the voters once again.
Do you know that only one zip code in this country provides nearly half of all the lobbying money to Congress? Guess what that zip code is? It’s 10028, the upper east side of Manhattan – the Golden Ghetto. That’s where the Mayor of New York lives. That’s where the Wall Street bankers live. They control the money, they control Congress.
Some will say that these solutions are something radical like socialism or worse. They are not. This is the most basic historic struggle for human freedom running back to the beginnings of time.
If we value the Founding Father’s dream of freedom — an escape from serfdom by political self-determination –we have to conclude that creating our money is too important a function to be put into private hands. History has shown time and time again that that leads to nothing but plutocracy – rule by the rich – and ultimately slavery.
This privately-owned debt-money system has gotten so far out of control at this point that probably only a Biblical Jubilee year will save civilization from collapse.
Imagine in your own world. What if tomorrow you were told that all your mortgage debt and credit card debt was cancelled. That would certainly be more money for people, less money for banks. After the Jubilee, then we could take the money power away from the banks and change the Constitution to put it permanently into the hands of Congress.
But what about the banks? They are already failing? Let them fail. Government can issue it’s own money and credit. We don’t need their hyper-expensive compounding interest system. Banks or banking won’t go away. Everyone will still need loans and checking accounts. Some one will step in and provide those services. You’ll still go down to your corner bank to deposit your check. Your bank will still be there. Only the guts – the bank’s accounting system – the part you never see anyway – will change.
Jesus chased the moneychangers from the temple in his day. We should certainly do the same in our day. Is that fair? Come on, big banks already own every large building in every city in the world. That should be sufficient! Let the people of the world have some money for a change. Give us some incentive to build a better world.
There is hope, especially here in America. History has shown that America has fought to create it’s own money for the last 300 years. In fact, in no other nation on earth has the population fought for it as successfully and with such determination over the centuries as America. All we need in the face of this oncoming first depression of the 21st century is a little education. We can make this the new civil rights movement – the new human rights movement. The big bankers now stand more exposed than ever before. Let’s use history to guide our path today.
This hasn’t been an issue since the time L. Frank Baum wrote the Wonderful Wizard of Oz. Why? Because after the William Jennings Bryan era, the bankers learned that in order to put the lid on this issue they had to buy up the nation’s press. And they did. But this won’t work in the Internet age. Television commentators are now asking just what is the Federal Reserve and where does their money come from? The answer is they make the money up out of thin air and then have the audacity to loan it to us. The interest that the government has to pay is where our income taxes go. That was the deal the Fed made with the government when the Federal Reserve Act was rammed through Congress on Dec. 23, 1913.
And what about the principal? The principle is never repaid, but the interest just keeps compounding. And it’s that interest that’s killing us. We’ll never be able to repay it. No nation ever has been able to do so – except for President Jackson in 1836.
- See also:
The Federal Reserve: Secretive And Incompetent Organization ! The Creature From Jekyll Island.
History of Money & Fractional Reserve Banking System
How International Bankers Gained Control of America!
America: From Freedom to Fascism
Ellen Brown: Web Of Debt. The Shocking Truth about Our Money System and How We Can Break Free!
Money, Banking and the Federal Reserve !
Bob Chapman: The Illuminati Want to Bankrupt the World And Usher in World Government!
Rothschilds and the Federal Reserve !
The Monopoly Men: The Illuminati Bankster Shadow Government!
The Great Bank Robbery: How the Federal Reserve is Destroying America!
Global Power and Global Government: Evolution and Revolution of the Central Banking System – Part 1
Banksters’ Takeover of America Almost Complete!
Ron Paul: The Obama Administration Wants To Give More Power To The Federal Reserve, The Institution That Caused Our Problems !
Banking Cartel is the Cause of Humanity’s Woes!
Bloomberg David Reilly: Secret Banking Cabal Emerges From AIG Shadows!
- A worldwide financial and economic system collapse is coming. It will make the first Great Depression look like a picnic. The Illuminist privately owned central banking cartel will print (electronically create) money out of thin air like crazy. Their ponzi scheme and fiat currency fraud will be exposed. People will wake up and realize that they have been lied to for decades. Fiat currencies are just worthless pieces of paper printed by Illuminist governments. They are backed by nothing.
- If governments can really create wealth by printing money, they should go the whole hog and print $10M for each American. They should do away with all taxes and print and spend all they want. The reality is: no government can create wealth. Wealth creation can only be done by the private sector not government, public serpents. Fiat currencies worldwide are all heading towards toilet paper status via competitive devaluations.
Banking Cartel CRASH Consequences, Gold and Silver Investor Opportunities & Threats
…Increasingly, Credible Evidence indicates that the International Banker Cartel* and Allies are about to suffer their First Significant Loss since President Andrew Jackson (“The Bank tried to destroy me, but I destroyed it first” – Ed. a Paraphrase) liquidated the Second National Bank of the United States in 1833.
We must hasten to add that we do NOT believe the Entire Mega-Bank Cartel* is about to collapse – far from it. Indeed, overall The Cartel’s Power was enhanced by the supine U.S. Congress’ Passage of the ostensible FinReg Bill.
What we do mean is that the Cartel’s* (in its Modern incarnation led by the Private for-Profit Fed) years-long, ongoing, and hitherto mainly successful, attempts to suppress the Price of Gold and Silver, may Collapse in the next few weeks. Or at least become even less effective than in recent months.
Deepcaster and others have recently made the case that there are many good reasons for the Prospective Collapse of The Cartel Precious Metals Price Suppression Regime and soon. We and several others have called attention, for example, to the mounting evidence that Major Gold Repositories likely do not have anywhere near the Physical Gold they represent they do (see “GOLD: Opportunities + Threats = Opportunities” (06/11/10) in the ‘Articles by Deepcaster’ Cache at http://www.deepcaster.com and the Quotes from A. Douglas and J. Willie above).
Most recently GATA Board Member Adrian Douglas has made a significant contribution (see Quote above) to the Evidence of such Chicanery and, therefore, to the body of Evidence that such a Collapse may be close at Hand.
Thus The Critical Issue we address today is: In the event of a Collapse of The Cartel’s Precious Metals Price Rigging Operation, what are the likely Collateral Effects? And how can we Profit and Protect. Yes, Profit and Protect, because not all the Collateral Effects will be Positive, not at first anyway.
The First, and Most Obvious likely Positive Effect is that those who have placed a significant portion of their Wealth in Gold and Silver, and Gold and Silver Mining Shares, will be richly rewarded due to a Massive and very rapid increase in their Wealth as measured in Fiat Currency Terms. Holders of Physical Bullion and Quality Mining Shares will be especially richly rewarded. As well such a Fiat Currency Crash in terms of Gold and Silver may temporarily cause Equities Markets to Bounce.
That is because, in that event, it would take more weakened Fiat Currency (in Purchasing Power terms) to purchase Equities, thus increasing their Nominal Prices). But the accompanying loss of faith in Government and the Financial and Economic Systems, would likely cause such a Bounce to be short lived.
Thus, such a Stratosphere Launch of Precious Metal Prices, will almost surely be accompanied by a Massive loss of faith in, (and Purchasing Power of) Fiat Currencies in General, and in the Governments and Central Banks that sponsored them. This would likely rapidly launch a Devastating Hyperinflation (manifest in the Fiat Currencies), Weimar Republic style.
Even in the event of such a Hyperinflation Investors are likely to favor Tangible Assets over depreciating, or even apparently appreciating, “Paper” Assets. In other word, such a Precious Metal Prices Regime Rigging Collapse could trigger or exacerbate a Worsening Hyperinflation. As Fiat Money increasingly rapidly loses its Purchasing Power its Velocity increases, thus exacerbating it rate of loss of Purchasing Power (cf. The Weimar Republic) in a Lethal Spiral. Such a Scenario would likely breed Panic with a consequent Assault (whether justified or not) on Government and Other Institutions, and consequent Societal Turmoil.
In such an event, Bank “Holidays” and a Governmental attempt to confiscate Precious Metals (a la the Gold Reserve Act of 1934) could be The Order of the Day. In this event, holding Bullion in Legal Tender Coins might provide some protection from confiscation, as the Numismatists Exception to the 1934 Act did in the 1930s. But before addressing further likely consequences of The Collapse, it is essential to consider what is likely to occur in The Run-Up to The Collapse.
First, it is highly likely The Cartel would be the first to know when their Precious Metal Price Suppression Regime Collapse (i.e. Gold and Silver Price Launch) would likely come, before anyone else, and would be able to prepare. Just what would that preparation likely entail? It would likely entail preparing to impose a Successor Regime which would perpetuate and Maximize The Cartel’s Power and Profits.
It would also likely entail the attempted the much Broader imposition of some Global Currency (which already exists in its Fetal Form – the IMF SDR’s). And it would likely also entail the attempted further imposition of powerful Globalist (as opposed to Internationalist) Institutions. The Sovereignty of Major Nations and the Civil Liberties (such as they are) of their Citizens would be at greater risk even than they are today.
In sum, as the evidence indicates, and as we have earlier laid out, The Cartel most likely has, and is likely already implementing, a comprehensive ‘End Game’ Plan (for more details read our “Surmounting The Armageddon Scenario & Cartel ‘End Game’” (2/26/10) in the ‘Articles by Deepcaster’ Cache at www.deepcaster.com). Given that The Cartel is surely preparing, we should prepare too – The Coming Crisis is also an Opportunity. Consider the following Facts, and then Our Strategy and its Upside Potential:
Powerful Forces should continue to impel Gold and Silver upward as Richard Russell explains:
“The public doesn’t understand that the stock market is in the process of topping out. Even as business news turns rosy, stock holders are beginning to show losses. So while the public is losing money in the stock market, they are missing out in one of the greatest bull markets in history the gold bull market, which is now heating up. The smart money of the world is fleeing fiat currencies and loading up on gold as well they should.” Richard Russell, Dow Theory Letters
The “Gold Bull Market… is now heating up…” to where? So let’s consider just what those inflation-adjusted Gold and Silver highs could be. John Williams of Shadowstats.com provides a cogent answer:
“Even with the June 8th historic high gold price of $1,246.00 per troy ounce, the earlier all-time high of $850.00 (London afternoon fix, per Kitco.com) of January 21, 1980 was not breached in terms of inflation-adjusted dollars. Based on inflation through May 2010, the 1980 gold price peak would be $2,384 per troy ounce, based on not-seasonally-adjusted-CPI-U-adjusted dollars, and would be $7,595 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.
In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce (London afternoon fix, per silverinstitute.org) has not been hit since, including in terms of inflation-adjusted dollars. Based on inflation through May 2010, the 1980 silver price peak would be $139 per troy ounce, based on not-seasonally-adjusted-CPI-U-adjusted dollars, and would be $442 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.” (emphasis added)
“Inflation Update, Housing and Production”
John Williams’ Shadow Government Statistics, 6/17/10
What is immediately striking about these numbers is how far below the Inflation-Adjusted Highs Recent Highs are. It is important to consider just how far. As we write, Gold is trading around $1230/oz. The Gold Price of $1230 is a mere 16.2% of the Real Inflation-adjusted 1980 high of $7, 595. And the Silver Price at about $18/oz. (as we write) is a mere 4.1% of the 1980 Inflation-adjusted high. Yet above-ground stores of Silver are Small relative to Demand and are depleting! These figures show how effective The Cartel has been in suppressing Precious Metals prices in recent years. These numbers also gives us an important Clue regarding the potential highs for Gold and Silver.
In sum, both have dramatic Price Appreciation Potential. Thus, in light of repeated Cartel attacks on Gold and Silver Prices in recent years, Deepcaster has developed a Strategy to Maximize Profits and Minimize losses from these Cartel Price Suppression attacks. This Strategy also is designed to enhance the chances of Profiting from a Cartel Precious Metals Price Suppression Regime Collapse. Key Aspects of that Strategy are:
1. Recognizing that while The Cartel is still Potent, it is significantly less potent than it was even a few months ago due primarily to: …..
2. Thus we recommend that Investors follow their lead with a significant portion of the funds you allocate to Precious Metals purchases committed to purchasing, and taking Personal Delivery of, Physical Gold and Silver. …..
3. Do not give Short Shrift to Gold and Silver Miners. …..
4. Buy the Dips! And as for determining approximate Interim Bottoms of these dips, Deepcaster has developed helpful Guidelines …..
5. Finally, we recommend that Investors not keep their Physical Gold and Silver in Bank Vaults …..
In sum, had the price of Gold not been suppressed, and in light of the ongoing Economic Crisis, it should already be priced in excess of $7,600/oz (and Silver in excess of $450/oz), the approximate 1980 inflation-adjusted highs. It is reasonable to expect to see those prices in the next very few years, or sooner, given the Cartel’s recently impaired ability to sustainably take down Precious Metals Prices.
The Gold and Silver Bull Market has only just begun and a Crash of The Cartel’s Precious Metals Price Suppression regime would impel it higher faster. That’s the Good News. The Bad News is that Bullish launches of Precious Metals prices are likely to be accompanied by increased Social Stress and Turmoil, as the world adjusts to a Renaissance of Real Money – the Precious Metals.
Indeed, the Boy Scout Motto is appropriate here: “Be Prepared”.
- For the coming economic collapse, the financial refuge is gold. Don’t be deceived by all the MSM propaganda against gold. Gold is money and is the biggest threat to the Illuminist fiat currency central banking cartel. The MSM is paid to sell the Illuminist’s charade. Take the advice of Richard Russell, the wise old man of Dow Theory Letters:
Richard Russell: My Take On Gold. (emphasis mine)
…My own position is that gold is in a clear and obvious primary bull market. These situations come along maybe two or three times in a lifetime. I was convinced back in 1999 that the bear market in gold had ended with gold selling at 256. In the year 2000 they were literally giving gold mining shares away. At that time gold shares were so ridiculously cheap that I told subscribers that they should buy these stocks (many selling for just a few dollars a share) and hold them as perpetual warrants.
At the same time I told my subscribers to start buying bullion one-ounce coins and “put ‘em away.” I’ve suggested that my subscribers do the same thing ever since. I know bull markets, and I’ve never seen or experienced a primary bull market that didn’t end with a third speculative phase — this is the time when a bull market “blows its top”. I feel certain that the current huge bull market in gold will do the same.
But I have other reasons for being bullish about gold. Gold is the only real Constitutional money. The fiat paper that we’ve been using as money is only money because our government says “it’s money.” If the US government told you that printed paper was real money and legal for the payments of all debts, would you believe them. Well, you already have believed your government.
But I maintain that the truth will out, and that fiat paper is a fraud that will be found out. When that happens and people realize that they have been hoodwinked by their government, there will be such a rush (including both fear and greed) for gold that it will make the recent tech mania look like conservative investing.
As I write at midday, Dec. gold is up over nine dollars. Gold has been up 8 out of the last 10 days. As the months go by, we are pressing ever-closer to the speculative phase of the gold bull market. That will be something and even terrifying to see.
I am pleased to say that many of my older subscribers are now in the process of getting rich on their gold holdings. I’ve said over and over that one of the most difficult things to do in investing is to get in early on a primary bull market and ride the bull through to the latter part of its final speculative third phase. The market seldom gives you the chance to get rich. This gold market has defied the odds and allowed its early followers and believers to get rich.
Anyway, that’s my take on gold and why you should own it and why you should follow my advice.