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Sadly, gold is now on its technique to heights that are unthinkable for most individuals.
To all of the individuals who have requested me through the years why gold doesn’t go up, I’ve replied:
“Don’t want for gold to go up considerably for when it does, your high quality of life will deteriorate remarkably.”
And we are actually on the level on the planet when that is prone to occur.
Let me be clear, now could be the time to guard no matter belongings you’ve gotten as a way to keep away from the whole asset destruction that’s coming subsequent. Extra about this later on this article.
THE FINANCIAL SYSTEM WILL NOT SURVIVE
I got here to the conclusion early on this century {that a} sick monetary system was not going to outlive the infestation of vermin within the type of debt that began simply over 50 years in the past.
Nixon’s closing of the gold window in 1971 was the sign that this forex system was going to finish like all forex techniques in historical past. And for those who haven’t studied the historical past of cash, let me let you know that NO FIAT MONEY HAS EVER SURVIVED IN HISTORY IN ITS ORIGINAL FORM. So with all cash going to ZERO, it has by no means been a query of if however solely of when the greenback based mostly forex system would die.
Dalai Lama mentioned:
“If there’s a resolution to an issue, there isn’t a want to fret.
And if there isn’t a resolution, there isn’t a want to fret”
However on this case my view is THAT WE REALLY NEED TO WORRY.
So sadly, his knowledge doesn’t apply to the worldwide drawback that the world is now going through.
IS THE UKRAINE WAR COMING TO AN END
In early January this yr I wrote an article known as “OMINOUS MILITARY & FINANCIAL NUCLEAR THREATS COULD ERUPT IN 2023.”
I’ve coated the specter of a significant battle in lots of articles within the final 12 months for instance “Will nuclear battle, debt collapse or vitality depletion end the world”
Though it’s too early to be actually optimistic, it now appears like my prediction that Russia won’t ever lose this battle is getting nearer.
Ukraine is making the Battle of Bakhmut into their Stalingrad final stand (WWII 1943).
Ukraine has dedicated nearly all of their remaining forces to win this battle towards Russia. In the event that they lose in Bakhmut, even Zelensky believes that this might be the top for Ukraine.
Right here is the Related Press (AP) article by which Zelensky is hinting that Ukraine may lose this battle –
“Ukraine’s Zelensky: Any Russian victory might be perilous.”
If Bakhmut fell to Russian forces, Putin would “promote this victory to the West, to his society, to China to Iran” Zelensky mentioned within the AP interview.
“If he’ll really feel some blood – odor that we’re weak – he’ll push, push, push!”
Scott Ritter, the previous intelligence officer and UN weapons’ inspector simply gave this interview by which he believes that Ukraine is on the purpose of dropping the battle:
Scott Ritter – It’s over!
THE END OF US HEGEMONY
At the start of the Ukraine battle I and a few others made the analogy with the Cuban Missile Disaster in 1962 (which I keep in mind effectively) when Kennedy gave an ultimatum to Khrushchev to withdraw the nuclear missiles pointing in direction of the US or face battle.
In the identical manner as with Cuba, Russia was by no means going to simply accept Ukraine changing into a Nato nation. However sadly the US Neocons have seen this battle because the final likelihood to avoid wasting the US army, political and financial hegemony from whole collapse. Defeating Russia was the final stand for the US. Nevertheless it now appears like they may fail which seals the destiny of the US empire.
The US neocons compelled a a lot too prepared Europe to not solely conform to the sanctions towards Russia but in addition make direct contributions to the battle each with cash and tools.
This deadly mistake by Europe and particularly Germany is completely crushing the European financial system. However what the US neocons by no means understood is that the US sanctions would have an effect on the entire world and specifically the debt infested US and the West.
On the finish of an financial period, sudden occasions happen which can seal the destiny of a crumbling empire.
THE END OF THE CENTRAL BANKER
The script for the primary 22+ years of the 2000s couldn’t be extra excellent as the ultimate glutinous feast of Gargantua The Central Banker. (Gargantua – guide by Rabelais 1543)
Central bankers have been the principal creators of the present disaster which had its beginnings over 100 years in the past.
Important occasions within the 2000s created by fallacious Central Financial institution insurance policies:
- 2000-2 Market collapse: Tech shares down 80%
- 2006-8 Subprime banking disaster: Dow down 54%, huge cash printing
- 2009-21 Shares & asset markets exploding: Dow up 6X, Nasdaq up 16X
- 2006-20 Manipulation of charges: US 10yr treasury down from 5.4% to 0.5%
- 2000-23 US Debt explosion: Up 3.5X from $27t in 2000 to $95t in 2023
- 2000-23 World debt explosion: Up 3X from $100t in 2000 to $300t in 2023
- 2020-23 Actual inflation US EU: Up from 0% in 2020 to 10%+ in 2023
The acute strikes and volatility exemplified within the desk above has nothing to do with free markets.
They’re the manifest penalties of shameless manipulation of markets and market situations by Central Banks. Such excessive strikes may by no means occur if markets adopted nature’s legal guidelines and the legal guidelines of provide and demand.
For instance, in an unmanipulated market it could be completely inconceivable for credit score to increase exponentially and rates of interest to stay at zero. The essential precept of provide and demand would pressure the price of cash up when demand for credit score expands. And if there was no demand, the price of cash would clearly come right down to the extent the place demand resumes.
If markets had been allowed to comply with the pure rhythm of nature, they might be self-correcting with out excessive tops and bottoms.
That is so primary {that a} 7 yr outdated would perceive it. However the Central Bankers select to disregard it.
The apparent consequence of markets flowing naturally with out intervention would imply that we may eliminate Central Bankers. How fantastic! No Central Banks, No Manipulation and No Extremes within the financial system or markets.
Sadly, such easy options are the exception in historical past with greed and energy driving man quite than purpose and logic.
The bankers clearly knew what they wanted to do after they met on Jekyll Island in 1910 as a way to management the US and world financial system. At this assembly they schemed to create the Fed in 1913 and adopted the axiom of Mayer Amschel Rothschild a German banker within the late 1700s: “Let me difficulty and management a nation’s cash and I care not who writes the legal guidelines.”
From the Amschel Rothschild to Jekyll island to Nixon closing the gold window in 1971, the Central bankers and bankers have efficiently taken management of issuing exponentially bigger quantities of cash and debt for their very own profit in addition to for a really small elite who may take benefit.
Having created a construction that was above the legislation as Amschel mentioned, they’ve thus far been in whole management of their very own future with governments being dictated to by the central bankers and bankers. Thus in 2008, the Fed and a variety of just about bankrupt banks, together with JP Morgan, Goldman, Morgan Stanley, Financial institution of America, Barclays and many others dictated their very own rescue phrases to the US and different governments.
However we should keep in mind that 2006-9 was only a rehearsal. The finale is beginning now. The debt which has constructed up has now reached ranges which implies the monetary system is now too large to outlive.
Three US banks and one Swiss went below 2 weeks in the past though two of the 4 had been rescued briefly at a excessive price. The Swiss authorities couldn’t afford to let Credit score Suisse go below and is supporting the UBS takeover of the Credit score Suisse at a possible extraordinary price of CHF 209 billion.
Central banks are on standby to cease the following financial institution run. Many anticipated Deutsche Financial institution to be subsequent. Governments will cease main banks from going below for so long as they will, to cease world contagion. However they may after all fail.
The FDIC (Federal Deposit Insurance coverage Company) presently has a capital of $128 billion {dollars} to help a complete of $18 trillion deposits. So with 0.7% cowl, it’s assured that the US authorities will quickly must step in as the following lot of US of banks fail. Identical in Europe the place probably the most EU banks and the ECB are in a horrible form.
Whole central financial institution belongings are $25trillion which is lower than 10% of world debt earlier than derivatives. Default charges in coming years are prone to exceed 50% which implies far more cash printing to return.
ALL ASSETS ARE PRICED AT THE MARGIN – PROTECT YOURSELVES
As the present asset bubbles are coming to an finish, the exit doorways will likely be completely blocked by panicking sellers.
All belongings are priced on the margin and much more so for the reason that present asset bubbles have been created by probably the most gigantic debt bonanza. To take an excessive instance, if there’s one vendor and no purchaser within the housing market, the value of all homes will go to zero. The identical is true for the inventory market.
However as buyers run for the exit, most is not going to get by way of since there’ll sooner or later be no consumers at any worth.
That is how the value of shares, bonds or property can go down by 75% to 100% in actual phrases. Some market observers say that this has by no means occurred in historical past so it gained’t occur at present both. Sure, after all I will be improper, however what we should keep in mind is that nor have we ever in historical past had a world debt and asset bubble of this magnitude. So we’re in unchartered waters and traditional knowledge doesn’t apply and is simply standard with none knowledge.
In any case, buyers shouldn’t fear how a lot their belongings may decline. As a substitute they need to fear about defending themselves towards the danger of this taking place.
Firstly buyers ought to go as liquid as potential. Secondly money owed have to be repaid. No one will need the financial institution to take their belongings at a cut price worth.
Quick time period authorities bonds may supply satisfactory safety. However medium and long run, governments will at greatest destroy the worth of the forex and at worst additionally default.
Tangible belongings are undervalued and a superb funding to personal.
Bodily gold and silver held outdoors the banking system is the last word safety simply as in any disaster.
It’s completely important to purchase gold and silver now earlier than buyers panic into these metals. There may be little or no gold and silver available for purchase. At the moment all manufacturing is absorbed and any improve in demand can’t be met by elevated provide however solely by a lot greater costs.
However keep in mind that gold and silver are additionally priced on the margin, in order demand will increase, we may attain a scenario when there isn’t a silver or gold obtainable at any worth.
So my very sturdy recommendation is to not look ahead to the herd because you then are prone to be left with no silver or gold and no safety.
However in the long run, as I’ve confused, the $2 quadrillion debt and by-product liabilities, can’t be saved.
Within the subsequent few years the monetary system will crash below its personal weight regardless of and likewise as a result of coming greatest cash printing avalanche that the world has ever skilled.
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