Submitted by SD Contributor SRSrocco:
The reason why I am so happy to own physical Gold & Silver, even though I know we will have paper volatility is due to the following chart below:
This chart proves that the US TREASURY MARKET will be taken out to the WOODSHED and cut to pieces. As you can see from this chart, total US TREASURY DEBT was not quite $12 trillion. Today its topping $15.9 trillion.
You cannot have exponential increases in DEBT and a declining domestic energy base if you market is based on a Fractional Reserve Fiat Ponzi System. We must remember in a FIAT MONETARY SYSTEM BASED ON COMPOUND INTEREST & FRACTIONAL RESERVE, you are required to grow the energy supply to be able to grow the GDP. By growing the GDP you can repay past debts and interest. It takes growth in ones energy supply to grow the GDP and the economy.
BURNING OIL = MONEY
This provides further proof along with JIM WILLIE’s newest article on the US Treasury market that this is a very unsustainable financial bubble.
Best to be in PHYSICAL METALS when the house of cards comes tumbling down.
-SRSrocco
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Keep ‘em coming Steve!
You arm me nicely when visiting with Friends and Family!
Thanks!
I’m sold!
If and When the Financial Bubble Bursts I’ll be ready, Gold, Silver, Food,Water, Land and Plenty of Ammo.O! and Plenty of Paper. LMAO
A person who stacks precious metals is well on their way to living a life with no counter party risks, unlike nearly central government in the world
today’s better quotes:
silver since 2010. I am not trying to be a hero or call the bottom, but because
many people do ask me for my opinion on the precious metals I decided to make
the buy public. The rationale for me is extremely simple. First, I find silver
under $30/oz to be a total steal as I expect it to trade well into the hundreds
of dollars an ounce in the years ahead. Furthermore, I think the Central
Planners of the world will be forced to act sooner rather than later. As someone
that did the vast majority of his buying years ago, I have been much more
patient with my buys in the last few years. I suspect there are many others out
there just like me. The minute these markets turn they will be in there bidding
for physical silver, which I believe cannot be bought in serious size. The
market will turn hard and fast. That’s my story and I am sticking to it.
–Mike
Krieger May 23 2012 libertyblitzkrieg.com
…Given
everything that has happened (MF Global), is happening (Facebook IPO ripoff),
and is going to happen (JP Morgan clusterbungle), if you think that you are
somehow “safe” and “everything will shake out okay” and “no worries”, you’re
simply out of your gourd.
Ann
Barnhardt – May 23, AD 2012 7:27 PM MST barnhardt.biz
Re: Facebook IPO ripoff
To even a cursory financial examination, FB was a $15 stock at best. Why idiots were handing over nearly triple this amount is stunning proof that they should find alternative employment in the food services, housekeeping, and lawn maintenance industries and not the financial industry. No one forced anyone to over-pay for FB. Volunteers did that and it is their right to do so if they wish. I refused to buy any FB stock and see no reason to change that attitude now. Those who did sure are crying their little eyes out about it, though.
DOW JONES is down today.
It was all over the place, yet coincidentally ended the day at -6.66%
These string pulling-elite are an odd bunch that’s for sure.
Lets take a look at a partial list of things Washington fucked up:
Social Security Medicare
Postal Service Food Stamps
Bush/Gore election Weapons of mass destruction Iraq
Afganistan Viet Nam
The list goes on and on. It`s really quite depressing, to list anymore
Please do not think the government has the capacity to save anyone (other than themselves).
This goverment will go to great extremes to maintain power, when the Ponzi scheme finally blows up.
The Government keeps reassuring me of 1 thing I always knew about people.
GIVE PEOPLE A GOOD DEAL, AND SOME TIME, AND THEY WILL FUCK IT UP
EVERYTIME!!!!!!!!!! Read your History. Its been proven over and over.
Alber Ienstien said the definition of “stupidity” is repeating the same action over and over and expecting a diffrent result. I`m pretty sure this applies to Democrats and Republicans.
“This goverment will go to great extremes to maintain power, when the Ponzi scheme finally blows up.”
My fear is that in a last act of desperation before losing power in November, the Obamunists will either declare war on Iran, either overtly via a false flag event or covertly via Israel, or try to rig the election. Either would be an incredibly stupid and treasonous act, which is why I think that such moves are not only possible but likely.
Who Knew Tiny Tim Geithner Could Play a Ukelele?
View The Entire Thread Here LINK To Find Out If Tiny Tim Geithner Is Really The Original Tiny Tim–YOU BE THE JUDGE!
Click This Link To See a Photos Of The Young Tim Geithner READ MORE HERE
New Greek Drachma?
RPT-Birth of new Greek drachma would be pained, rushed
Mon May 21, 2012 4:02am EDT READ MORE HERE
By Peter Apps
May 20 (Reuters) – If or when policymakers finally decide Greece should leave the euro, the exit could happen so quickly that “new drachma” currency notes might not be printed in time.
In principle, some of the long-term consequences of Athens leaving the currency bloc are not unappealing. The euro zone
would no longer have to worry about what has always been its weakest
link. While a new Greek currency would almost certainly immediately
crash in value as soon as it was issued, in doing so it would make the
Greek economy much more competitive.
But the short-term effects would be brutal, both
domestically and on the global economy. A post-euro Greece could
find itself struggling to import food and fuel, with everyday
life reduced to barter in goods and services and the government
unable to pay workers in anything they would want to receive.
How About This For The New Drachma?
“It would be chaos,” says Marios Efthymiopoulos, a visiting
scholar at Johns Hopkins University Centre for Advanced
International Studies and president of Thessaloniki-based think
tank Global Strategy.
“The banks would collapse and you would have to nationalise
them. You wouldn’t be able to pay anyone except in coupons.
There is only one (currency) printing press in Greece. It is in
the museum in Athens and it doesn’t work any more.”
the new greek drachma should not be printed, it should be MINTED!
see max keiser & hugo salinas-price’s campaign to show greece the way to sound money, use real silver to mint the new drachma, nothing will restore confidence in greece’s economy like real money (silver).
greece can sell of some of its gold reserves to acquire silver while the gold/silver ration is at a rather high 55-to-1
Greece leaves the Euro, brings back the Drachma, and $1 trillion Euros go up in flame as Greece defaults on its entire debts. The ECB fails, every major bank in Europe fails, the IMF tanks and we get hit with a tsunami like nothing we have ever seen. This is pretty much the end game There is not enough money to bail out Greece again. It’s like pouring water into sand.
“It’s like pouring water into sand. ”
Yes, in the Sahara. Hmmm, must be time to do a reboot of all these wild-a$$ed financial experiments that have been run all around the world. For the most part, they seem to be incredible failures. Good thing that Wall Street and the big NY banks have been paying a LOT of money to lure “the best and the brightest” to work for them. One can only wonder what would have happened had these amazing people not gone to work for these criminal organizations.
I still can’t believe all the drama that is being milked out of Greece. Has it not been crystal clear for months that Greece WILL leave the EU and they are simply arguing over WHEN this occurs and how much good money will be thrown away after bad?
The only reason Greece isn’t gone already is because they know the above statements are true. The EZ will go to all lengths to keep them around (especially Germany) until they can do their own stacking. They will leave or Germany will leave. Greece most likely. Hold and own it.
Dinosaurs got extinct because one little mammal defaulted on its debts.
Cool! Oldies but goodies. And accurate too
I’m also happy to own physical gold and silver because they did protect my wealth. I bought them at the time when silver was at 27$ per ounce. The point is that you have to be patient when you buy physical gold and silver so that you can gain profit in terms of dollars but I won’t be selling them unless I need cash very badly. In my case, I’ve waited at least 1 year so that my silver could gain value. People should wait at least 2-3 years to see a major change in gold and silver prices.
This is an incrediabale visualization! If you can’t see USA’s future in that chart you are sleep walking! America runs on cheap oil, someone else’s oil, that we purchase with counterfit money. Anyone who bets on a future, based on the last 40 years of history, is a fool. Prepare now, or prepare for a future powered by animal and human labor.
Yet out glorious idiot in chief blocks the keystone pipeline that would bring in Canadian oil, create jobs, and help the economy.
Here’s a couple of dots to connect on Facebook. The IPO was underwritten by Goldman’ Government’ Sachs. FB stock is held in 9 of their equity funds. They channel stuffed this 100 to 1 PE ratio POS with its declining sales and rudimentary, amatuerish market model created by an whiz kid who stole it from his dorm buddies.
Here is where it gets interesting. With a billion users in 1000 countries, this must be the wet dream of every 3 letter government agency that likes to stick their noses in our business. I wonder how mahy shares the CIA owns? FB was instrumental in spreading the wild fire of the Arab Spring which brought down Tunisia, Libya and Egypt and is probably being used to facilitate the Syrian civil war.
What a great instrument to not only keep tabs on every person who gets ranty about the government (remember that the DHS has a list of words, phrases and things that get their attention along with the data sifting super computers to process every word on FB). But as an instrument of warcraft, false flags, spyware and disinformation, Facebook is the instrument par excellance to accomplish this. Dealing with the insufferable arrogance of Zuckerberg, now worth $20 billion, would be a small price to pay for this very inexpensive means to enhance Big Brother to its greatest utility. At last count some 20 people have been scooped up under NDAA directives as a result of what they put on FB.
The public was zuckered by the Faceberg IPO.
“The public was zuckered by the Faceberg IPO.”
The short form of this is “zucked”… rhymes with… ? lol