What sells better than sex? In the business of financial journalism, nothing – and I mean nothing – tops fear and I’m not just talking about a little bit of fear either. No. We’re talking all-out financial, economic devastation and collapse, and the worst of all possible scenarios crouching on your doorstep ready to jump out and get you at any moment. Welcome to the doom-and-gloom “financial-tainment” industry. Get comfortable and start reading these highly addictive, sensationally-driven, doom-and-gloom financial commentaries. Great entertainment!
1. Below are edited excerpts from an article* by Michael Noonan (edgetraderplus.com) entitled Gold And Silver – Elite NWO Checkmate? US Lacks Direction for your entertainment. You can read the entire article (with excellent charts, I must confess, on gold and silver) HERE.
Ever since the Constitutional United States of American was taken over by the de facto corporate federal government, aka THE UNITED STATES, spelled in all capitalized letters to denote its status as a corporation, the elites have been in charge of all politicians, and in a news flash for the vast uninformed public, that includes the president. We drop these occasional gems on the uninformed without providing in-depth explanations because they have been a waste of time on a public adamant in their desire to remain politically challenged….
This is the dysfunctional world created by the international bankers who control everything, money, governments, media, all major corporations, and the mess keeps getting messier and decidedly worse.
If you do not own gold and/or silver, the above are some of the best reasons for pulling a China or Russia and buying as much as you can reasonably handle. When the Western world unravels economically, and it is in the process, already, one of your only means for financial viability will be having gold or silver to sustain you as others see their paper fiat and other “paper assets” become worthless.
If you do not think that this is the direction in which this world is headed, watch programs like CNBC or Bloomberg News. They tell you what you want to hear about how wonderfully well the UNITED STATES is prospering.
Buy silver. Buy gold. It may take longer than you think before the SHTF scenario comes into full bloom. You have a choice. Put your faith in worthless fiat and other worthless paper assets, or put your faith and future into hard assets that have a proven history of wealth preservation….
Jim Rickards is of the opinion that a global currency reset is coming in the not too distant future in the form of an IMF issue, known as a Special Depository Receipt. It will be backed by 20-40% gold from the reserves of the global central banks which will necessitate revaluing bullion to around $7,000 a troy ounce, or there won’t be enough of it to do the job. The unknown factor is the timeline: does this happen this year – or in five years?
Those in control will not allow the gold price to reach $18,000 an ounce where the 18,000 DOW sits today, but the DOW could drop 90%, as it did in 1929, to 1800 and gold rise to $1,800 an ounce! Could one accept the very real possibility that the DOW will unhinge by 50%…and gold rise to $9,000 an ounce? Look at these historical DOW to GOLD ratios.
“Told you so!” I’m sure that is what the analysts who have projected such a dramatic decline are saying with the recent major correction in the prices of gold and silver. Read why they have come to their conclusions in this catch-all article.
Very interesting times we now live in; the financial system is running out of options very quickly and “blowing up the world” seems to be the only final option. I know, that sounds grandiose and dire but let me explain.
Our financial system is in far worse shape than it was just prior to the financial crash of 2008. The truth is that we are right on schedule for the next great financial crash. You can choose to ignore the warnings if you would like but, ultimately, time will reveal who was right and who was wrong and, unfortunately, I think I will be proven to have been right.
The saying, “Fool me once shame on you, fool me twice shame on me” suggests that the general populace of America should be very, very ashamed! It is evident that they are prone to being fooled and robbed over and over again as they invest in a fake stock market, are sold over-valued housing and accept scraps of partial employment, food stamps, poverty level social security and poor healthcare from incompetent governance – and then try to escape by using credit and debt to keep up a standard of living without ever acquiring anything of real value.
The ultra-wealthy are able to stay ultra-wealthy for a reason, and they are usually a step or two ahead of most of the rest of us, so do they know something that we don’t? Yes, like any rational person should be able to see, they realize this financial bubble is going to end very, very badly and are making moves to protect themselves from the inevitable chaos that is coming.
Frankly, we cannot conceive of a more cataclysmic set of circumstances for both the global economy in general, and the gold Cartel specifically, than currently exist. Act now, before “traders” return from summer vacations next week or you may be locked out of the most important “protection trade” of all time!
A financial train wreck is coming! When does it hit the wall? The answer to that question is it’s not very far down the road, and I can promise you that is when all hell is going to break loose. [Let me explain why that is the case.]
The U.S. economy is on life support, graciously provided by Central Planners but no amount of money printing can cleanse the rot of the U.S. economy. In this Markets at a Glance, we investigate the U.S. consumer and show that for a large portion of the population, things are not anywhere close to being better, in fact they are worse than before the recession.
How often do you come across an individual who is uniquely qualified, and sufficiently talented, to present insights into the central banking systems of the world and other financial matters in such a way that it puts a broad smile on your face? David Hague is one such man. Hague’s reports as to what is happening in the world of finance today makes for the most insightful, intriguing and amusing “take” on the world of funny money. Enjoy the summary of his “articles” below.