Jim Willie: Bullion Bank Run in Progress, Climax Coming!

May 20, 2013 By 89 Comments

gold run“Hang on to your gold [and silver], don’t even watch the corrupt gold price, because I can guarantee you in the next several months, or a year or more, there will be NO COMEX GOLD PRICE. Because they will have no inventory; they will offer no more futures contracts, because the line up for lawsuits and prosecution will be so long…”

Jim Willie says the recent gold price take-down has caused, “A bank run in gold bullion banks.  It’s a vault run. . . Wealthy investors are asking for their gold, and some are finding out it’s not there.” Jim Willie, who holds a PhD in statistics, says things are getting worse. Dr. Willie contends, “Back in 2011 and 2012, you had an important event every three of four months. Now, it’s every two or three weeks. So, the mean time between failures is rapidly declining.” Dr. Willie goes on to predict, “Before, they were talking about stress tests. Now, they realize that all of them in the past were a fraud. So, they are talking about ‘bail-ins’ because they are expecting failures.” Dr. Willie contends, “It’s all coming to a climax where gold is going to be central with a gold-trade central bank and gold priced at $7,000 per ounce.” Join Greg Hunter as he goes One-on-One with Jim Willie: [Read more...]

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Global Hyperinflation & $10,000 Gold-Nick Barisheff

May 14, 2013 By 24 Comments

Gold expert Nick Barisheff says the plunge in the gold price is sparking demand. Barisheff contends, “Usually when there is a big drop in price of paper, there is also a drop in demand on physical gold.  This is the first time I can remember that it has gone the opposite way. People are perceiving the drop in price as a gigantic buying opportunity. It’s on sale at a lower price.” The dollar is going to dramatically lose value. Barisheff predicts, “What’s different than the other 65 hyperinflations is, this time, we are going to have global hyperinflation.” Barisheff says nothing has changed to justify gold’s dramatic price drop. Barisheff says, “When I listened to the debt ceiling debate in 2011, it became crystal clear the debt situation wasn’t going to get resolved. So, it is accelerating, and the relationship between the U.S. debt and gold is almost a perfect correlation.” Join Greg Hunter as he goes One-on-One with Nick Barisheff, President and CEO of Bullion Management Group, and author of the new book “$10,000 Gold.” [Read more...]

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Gerald Celente: Crash, Depression, Currency Wars, Trade Wars, Then Real Wars- The End Game Approaches

May 9, 2013 By 5 Comments

nuclear-bomb-KoreaTrends researcher Gerald Celente predicts war in the Middle East leading to WW3. He says, “It is out of control. What are people waiting for–an Archduke Ferdinand moment?”
Celente thinks Israel bombing Syria means World War 3 is on its way. The cycle leading to war started with the crash of 2008. Celente says, “Crash, depression, currency wars . . . trade wars and then real wars. That’s what we’re seeing again.” Celente charges, “This is a proxy war against Iran because when Syria is choked off, then Iran is left alone surrounded by enemies. So, that’s what we’re really looking at. The end game is Iran.” What would happen if Iran and Israel went to war? Would the Strait of Hormuz close, gasoline explode to $10 a gallon, markets implode? Celente says, “All of the above.” Join Greg Hunter as he goes One-on-One with Gerald Celente. [Read more...]

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All Depositors Everywhere Should be Scared for their Money-Rick Ackerman

May 7, 2013 By 10 Comments

Trader and forecaster Rick Ackerman says, “As far as the Fed getting off the easing regimen, it’s not possible . . .You’d kill the system right now. There’s no way out, and although we put off the day of reckoning, it can’t be put off indefinitely.” Obama Care is one of the biggest headwinds facing the economy. Ackerman says, “January 1st, everybody is going to get socked with at least a 30% increase in their insurance premiums . . . Obama Care is the worst bill ever . . . I don’t see how the economy can survive it.” Ackerman does not believe gold prices will skyrocket but contends, “One thing I have always been absolutely confident about is that gold, relative to any other asset you can think of, will hold its purchasing power.” Ackerman fears confiscation of bank deposits and says, “All depositors everywhere should be scared for their money. Cypress should have spooked the whole world, and it did! I think it makes the likelihood of some sort of black swan event even greater.” Join Greg Hunter as he goes One-on-One with Rick Ackerman. [Read more...]

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Greg Mannarino: Human Suffering From Coming Financial Collapse Will Equal A Global Nuclear Exchange!

May 2, 2013 By 28 Comments

financial collapseThe 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...]

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Bill Black: Felons in Charge of Our Largest Financial Institutions

April 19, 2013 By 6 Comments

Former bank regulator and Professor William Black says, “Apparently, regulators are much more sophisticated than we were because we had never thought of leaving felons in charge of our largest financial institutions.”
Dr. Black contends, “This started with the first lie of the virgin crisis–that the banks are pure and had stopped violating the law. The second lie is that we can’t prosecute . . . because if we did, we would cause the financial system to collapse. This is ludicrous.” Dr. Black predicts, “The U.S. banking system is absolutely primed for the next meltdown. Dr. Black and others think, “There is pervasive fraud at the most reputable banks. . . . The U.S. financial system is sick, and we still have the fundamental dynamic of a regulatory race to the bottom.” Join Greg Hunter as he goes One-on-One with UMKC Professor William K. Black. [Read more...]

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Jim Willie: US Economy Will Implode As Dollar Collapses!

April 9, 2013 By 16 Comments

dollar collapseJim Willie of GoldenJackass.com says powerful forces around the globe are working to do away with trading in U.S. dollars because of massive money printing by the Fed.
Dr. Willie says, “The world makes a reaction, and what they have done is create, slowly but surely, a U.S. dollar alternative for trade.” Dr. Willie’s sources say precious metals will be used to back a new currency and predicts, “The gold price will be $7,500 to $8,000, and silver will be between $150 and $250 per ounce.” This will be a disaster for U.S. Treasuries, and Jim Willie says, “All these Treasury Bonds will be sent back to the United States where they can choke U.S. bankers . . . they cannot refuse them.” Dr. Willie predicts “the economy will implode,” and he says, “I don’t believe we’re going to see garden variety powerful inflation. I believe, instead, we’re going to get large widespread cut-off of supply chains” as foreigners simply stop accepting the dollar. As far as dollar assets inside the U.S., expect widespread confiscation. Dr. Willie contends, “When the losses from the debt write-downs come, I see tremendous national wealth lost because private accounts are really just bank assets.” Join Greg Hunter as he goes One-on-One with Jim Willie. [Read more...]

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Congress Triggers Early Stages of Hyperinflation-John Williams

April 3, 2013 By 5 Comments

hyperinflationEconomist John Williams says don’t be fooled by the new highs on the Dow. Williams contends, “The economy is still in serious trouble. The banking system is still in serious trouble. The budget deficit is exploding out of control.” Williams thinks the ongoing banking crisis in Cyprus has global implications. Williams says, “You have a precedence set in Cyprus that they can seize the funds. They will not guarantee all deposits. If that’s the case, you may have a much worse crisis than you had back in 2008.” Williams adds, “The big problem is the government is insolvent in the long term.” Williams says the U.S. dollar could start selling off in May because of a deadlock in Congress on the budget. Williams predicts, “The global markets are looking for the U.S. to address its long term sovereign solvency issues. That’s not going to happen. . . . In response, it’s going to be off to the races with a dollar sell-off. That could be the trigger for the early stages of hyperinflation.” Join Greg Hunter as he goes One-on-One with John Williams. [Read more...]

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Peter Schiff: Cyprus Banks and the End Game

March 27, 2013 By 11 Comments

Money manager Peter Schiff says, “Cyprus is a wake-up call for everybody who has a bank deposit. . . . When you are depositor, you are in fact . . . lending your money to the bank.” Schiff predicts, “There’s no question . . . banks will fail. The question is will government do the right thing and allow depositors to lose money. Or, do the wrong thing and bailout depositors by printing a bunch of money which, in the long run, means deposits will lose even more value.” The FDIC has just $33 billion to insure more than $10.8 trillion in deposits. Schiff is not expecting bank runs anytime soon. “Don’t expect an immediate stampede on the banks because I don’t think most people are smart enough to realize what the danger is,” says Schiff. What’s the best way to protect yourself? Schiff says, “Why would you leave any extra money in a bank to get zero percent interest. . . . I think pull your money out, put it into some kind of investment. . . . anything other than a piece of paper that’s going to lose value.” Join Greg Hunter as he goes One-on-One with Peter Schiff. [Read more...]

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Jim Willie: Gold to Trade at $8,000, Silver at $200 in New Trade Finance System!

March 19, 2013 By 14 Comments

rocketIn 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...]

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James Turk: Gold to $11,000 – We Are in a Fiat Currency Bubble

March 13, 2013 By 10 Comments

bubblesGold expert James Turk says, “Mr. Bernanke is so anti-deflation he’s willing to risk hyperinflation, and we are on this path of hyperinflation given the policies we are following.” Turk contends gold is a good value right now. Turk says, “Because it is money outside the banking system, it doesn’t have any counterparty risk, and that is very important as this crisis continues to unfold.”

Turk predicts, “Either we cut back on spending or the dollar is going to collapse. . . . Those are the two choices.” Turk’s advice, “By owning physical metal, you are preparing for what looks like a collapse of fiat currencies. In fact, I call the environment we are in now a fiat currency bubble.” Turk predicts gold will reach “$11,000” per ounce in the next five years.

Turk goes on to say, “It might come sooner. It depends on when confidence finally breaks, and we’re getting very, very close to that stage. There’s nothing holding the dollar together but confidence.” Join Greg Hunter as he goes One-on-One with James Turk. [Read more...]

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Fabian Calvo: Housing Market Manipulation: A Trillion Times Worse than Enron

March 4, 2013 By 27 Comments

Real Estate investor Fabian Calvo says, “Trust me; there are enough troubled assets for the Fed to be buying much more than $40 billion a month- It’s all about manipulation.” Calvo says, “In essence, they are creating another bubble.  I believe in 24 to 48 months, they are going to pull the rug out again, and we’ll see prices go down when rates go up.” Calvo predicts, “The Fed balance sheet will likely be $5 trillion in toxic assets by the end of 2014.” Calvo thinks what is going on behind the scenes will one day come to light, and it won’t be pretty. Calvo thinks the mortgage rate forecast will eventually go up, but the Fed will suppress rates as long as it can. Calvo says, “It’s kind of like Enron. When it falls apart, then you realize what level of corruption and deceit was really taking place. . . . It’s a trillion times worse than Enron.” Join Greg Hunter as he goes One-on-One with Fabian Calvo. [Read more...]

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Eric Sprott: At Some Point it Blows!!

February 18, 2013 By 16 Comments

imagesEric Sprott manages $10 billion, and he’s worried about the global financial system. He says, “There is this huge chaos going on in the financial business which I think we all sense. They are using desperate measures here to hold it together. . . . at some point it blows.

There’s no doubt about it.” Sprott says the price of gold and silver are being suppressed because, “It’s the canary in the coal mine.” Rising prices in precious metals, according to Sprott, would tell people, “Central bank policies are ridiculous and irresponsible, and people would realize that with the price of gold and silver going up.” When it comes to silver, Sprott says, “People keep buying at a rate to 50 to 1 to gold.” As far as gold is concerned, Sprott contends, “Physical demand for gold is out of line with supply. How can all these new people come into this market when there has been no increase in supply . . . for the last 12 years?” Sprott’s analysis shows central banks are selling to make up for the shortfall and opines, “I would hate to think what happens when we all find out there is no gold in the Treasury.” Join Greg Hunter as he goes One-on-One with Eric Sprott. [Read more...]

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If Rates go Up Housing Will Implode-Fabian Calvo

February 6, 2013 By 20 Comments

bubbleReal estate expert Fabian Calvo says, “There’s a lot of manipulation from government agencies and the Fed that is creating this rise in asset prices . . . but it is all an illusion.” Calvo’s company, TheNoteHouse.us, buys and sells $100 million in distressed debt a year. Calvo says, “The Fed thinks this will work. I don’t believe it. I think we’re going to end up in some kind of currency crisis or come kind of bond crisis.” Nevertheless, the Fed policy of suppressing interest rates is working–for now.

Calvo says, “The Fed realizes there needs to be a low rate environment for housing to recover or it’s a huge implosion. They have thrown underwriting guidelines out the window. They are going to continue with no money down loans or very little equity.” The Fed also knows that many big banks are technically insolvent. Calvo contends, “You have a lot of these zombie banks. If you mark-to-market their assets, they would be bankrupt.” So, the Fed and the government will continue to print money to keep housing prices and the big banks from collapsing. Join Greg Hunter as he goes One-on-One with Fabian Calvo. [Read more...]

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The World is Going to War- Gerald Celente

February 4, 2013 By 27 Comments

imagesTop trends researcher Gerald Celente pulls no punches when he predicts, “The world is going to war.” Celente says what is happening today happened before, prior to World War II. Celente says the pattern is the same as the one that started in 1929, “crash . . . depression, currency wars, trade wars, and world war.” Celente says, “When you follow the time lines, we are now in the late 1930’s.” But unlike the 30’s, today’s money is not backed by gold or anything else for that matter. So, Celente says, “The banks are forcing . . . governments to keep funding them by flooding money into the system.” Celente predicts, “What’s going to happen when this thing starts collapsing? People are going to be going into gold.” Join Greg Hunter as he goes One-on-One with Gerald Celente. [Read more...]

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