The G-7 are meeting this weekend outside of London. This was unscheduled and can only be considered as an emergency meeting.
I have maintained all along that a “bank holiday” would ultimately occur which sets positions in cement while a revaluation of assets and currencies takes place.
My guess is that the end game is in fact being discussed. How best to shut the current system down, reboot another one AND retain as much power as possible. I truly believe that preparations are being discussed here and now “how best” (for them) to close out this current chapter of world finance. All of this has been discussed and planned years ahead of time, these are not fools. The current discussion is merely about pulling the trigger.
[Read more...]
Emergency G-7 Meeting: Elite Ready to Pull the Trigger?
Greg Mannarino: Human Suffering From Coming Financial Collapse Will Equal A Global Nuclear Exchange!
The Fed is reversing course. Instead of talking about curtailing money printing, it is now extending it. This comes as no surprise to financial analyst Gregory Mannarino. He says, “There’s no way out of it. The Federal Reserve cannot and will not stop printing money. If they do, it is party over at that moment.” Mannarino points out people are running away from fiat currency and are pouring into gold and silver, and predicts: “There is going to be a mania in metals because they’re going to want to get away from the Ponzi scheme of currency, and they’re going to rush into metals because they’re real assets. “ Mannarino goes on to say, “We have created an alternate reality. We have borrowed cash from the future to live better today. That has created a population boom. When that bubble bursts, it is going to correct, and millions are going to get wiped out here.” Mannarino goes on to say, “This is not just a financial thing but a human life issue, and people are going to suffer as great as if there were a global nuclear exchange.” Join Greg Hunter as he goes One-on-One with Gregory Mannarino. [Read more...]
The Next Time Gold & Silver Skyrocket It Will Be in an American Financial Collapse!
The charade that the Fed and US bankers/Financiers have been playing CAN NOT CONTINUE MUCH LONGER. The only way for them to make it out of this mess is an economic collapse. This way they can default on their debts and in the ensuing chaos pilfer the gold and silver with a promise to pay it back…One day.
Look for a continued suppression through the end of May for the metals, for the next time you will see Gold and Silver shoot to the moon IT WILL BE IN AN AMERICAN FINANCIAL COLLAPSE!! [Read more...]
SGT Report UNBOUND: MEGA Precious Metals Update
This is a MEGA Precious Metals Update from SGT Report. The news is coming at us so fast and furiously (pun intended) that it’s hard to keep up, even for us. But here’s a half hour update dedicated to the very latest cartel precious metals manipulation news as we watch the end game unfold before our eyes: The COMEX default and economic collapse nears as 99% of ALL gold sales in the last 3 months was thanks to primary broker and agent of the FEDERAL RESERVE, JP Morgan. You can’t make this stuff up – it can ONLY happen when and if the collapse is at hand. [Read more...]
History Tells Us That A Gold Crash + An Oil Crash = Guaranteed Recession
Is the United States about to experience another major economic downturn? Unfortunately, the pattern that is emerging right now is exactly the kind of pattern that you would expect to see just before a major stock market crash and a deep recession.
History tells us that when the price of gold crashes, a recession almost always follows. History also tells us that when the price of oil crashes, a recession almost always follows. When both of those things happen, a significant economic downturn is virtually guaranteed. [Read more...]
Is The Takedown Of Gold A Sign That The Entire Global Financial System Is About To Crash?
Somebody out there is sure getting prepared for something really big. We have just witnessed a takedown of gold and silver unlike anything that we have witnessed in decades. On Monday, the price of gold had fallen by more than 10 percent at one point. It shocked investors all over the globe, and overall what we have just seen was the largest two day decline in the price of gold in 30 years. The price of silver dropped even more rapidly on Monday. It was down more than 14 percent at one point. There was an atmosphere of “panic selling” as investors and financial institutions raced to liquidate their holdings of silver and gold. But was this exactly what someone out there wanted? [Read more...]
ALL US WHOLESALERS SOLD OUT OF ALL PHYSICAL SILVER!!!
*UPDATE: ALL US WHOLESALE SUPPLIERS ARE NOW SOLD OUT OF EVERY OUNCE OF PHYSICAL SILVER & HAVE SUSPENDED ALL SALES! SDBullion.com has closed due to lack of ANY AVAILABLE SILVER!
Two of the largest wholesale suppliers in the US, including Amark and CNT, who is the supplier of gold blanks to the US Mint for Gold Eagles, and is a registered COMEX depository, HAVE JUST SOLD OUT OF ALL PHYSICAL SILVER!!! [Read more...]
Our Leaders Are Flying Blind Through a Financial Hurricane of Their Own Making!
Our “leaders” are flying completely blind through a financial hurricane of their own making! There are no blueprints, no maps, not even an “owners manual” to refer to.
We collectively are living through a period of time that has no precedent…globally…but……there is precedent and plenty of it!
Let me explain (and by the way, it ALWAYS ended badly): [Read more...]
David Morgan: The Fiat Iceberg Emerges in Cyprus
In this interview with Ellis Martin, David Morgan reviews a prediction he made a month ago to subscribers of The Morgan Report. “Not to belabor Banking 101, but our quote from Eric Sprott is correct. From a legal and financial accounting standpoint, the term “deposit” is used by the banking industry in financial statements to describe the liability owed by the bank to its depositor, and not the funds that the bank holds as a result of the deposit, which are shown as an asset of the bank. (It is now the bank’s money, not yours.)”
The iceberg commeth in Europe and Cypress is just the tip of this Titanic ride. [Read more...]
Jim Willie: Gold to Trade at $8,000, Silver at $200 in New Trade Finance System!
In an interview with USAWatchdog’s Greg Hunter, Jim Willie says, “There are staggering bullish market indications for gold. The primary cylinder is negative real interest rates for the past 10 years.” Dr. Willie says other bullish factors include “phony accounting at insolvent global banks” being propped up by massive money printing.
Dr. Willie contends, “In January alone, the European banks were the beneficiaries of $1.2 trillion from dollar swap facilities as directed by the U.S. Fed. That’s what’s keeping these bonds floating and the banks alive. They’re zombies.” Dr. Willie says, “Europe is on the verge of collapse.” When it does, Dr. Willie says a new “Gold Trade Finance System” is already in place to take over for the dollar. Dr. Willie’s sources say, “The trade finance system has already agreed on a gold price of $7,000 to $8,000. Silver would be $150 to $200 per ounce.” Join Greg Hunter as he goes One-on-One with Dr. Jim Willie. [Read more...]
Eurozone/IMF Trigger Collapse For a Lousy €10 Billion! – Are They Pulling the Plug?
Submitted by Bill Holter:
The news over the weekend is that the Cyprus banking system will have a “holiday” on Monday which was “scheduled” AND at least Tuesday which was not. The ECB and IMF wanted a 40% haircut and apparently the deal reached is one where balances under €100,000 will be reduced by 6.75% and by 9.9% for those over €100,000. Understand that much of what is deposited in Cyprus are funds from wealthy Russian oligarchs and mafia.
In this case the depositors are first in line which will surely cause a bank run in Cyprus…which will be followed by runs in other places like Greece, Spain, Italy and Portugal. Make no mistake, this could turn into something ugly and HUGE very quickly as the world runs entirely on confidence and won’t run without it.
Investors (depositors) the world over will see this and shortly understand that the rule of law is no longer and that “possession” is now more than 9/10th’s of the law. The possibility exists that within 2 weeks the entire system is shuttered.
[Read more...]
Jim Willie: I’d Welcome a Gold Move to $1450 & A Silver Move to $25!
The Golden Jackass Jim Willie sat down with The Doc this weekend for an extraordinary interview regarding gold, silver, and what Willie believes will soon be a massive European banking collapse.
Willie states that a Big European Bust is Coming- evidenced by the fact that European banks received $1.2 trillion from the NY Fed in January alone!
Willie states that the coming European bust will ignite a global Gold rush, a massive short covering rally, and will result in a powerful 30% to 50% rise in the gold price!
Willie also discusses gold and silver backwardation, the recent paper raids, and whether or not the metals face the risk of a 2008 type collapse as the Western financial markets go down in flames!
Jim Willie’s first of an explosive, 2-part interview with The Doc is below: [Read more...]
Alasdair Macleod- Economic Collapse in 2013?
AltInvestors has released an interview with GoldMoney’s Alasdair Macleod regarding the recent sell-off in the gold and silver markets.
Macleod states that gold and silver have nothing to worry about, and the long-anticipated global financial collapse will finally occur in 2013.
Macleod’s full interview is below: [Read more...]
Backwardation in a Falling Market: A Sign Bullion Prices Are About to Collapse?
Our friend TF from TFMetalsReport has published a guest post arguing that the current backwardation in gold and silver in a falling market is signalling that bullion prices are about to experience a 2008 style collapse.
The Doc has long believed that the gold and silver futures markets would experience a massive take-down immediately preceding the coming collapse and the metals’ largest gains. Legendary gold trader Jim Sinclair recently stated the same, predicting an imminent wash out that would test the resolve of even the staunchest PM bulls, prior to gold heading to $3,500/oz.
Is gold and silver backwardation in a falling market signalling a washout gold and silver collapse is imminent? [Read more...]
BrotherJohnf- Is Silver About To Crash?
In this interview with AltInvestors, BrotherJohnF discusses the coming market crash and whether it will take down gold and silver similarly to the 2008 financial collapse.
Is Silver About to Crash? [Read more...]
![[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)
