-- Published: Friday, 7 February 2014 | E-Mail | Print
“…If you view the progressive financial breakdown in America as some kind of ‘comedy of errors’ or a trial of unlucky coincidences, then there is not much I can do to educate you on the reasons behind the carnage. If, however, you understand that there is a deliberate motivation behind American collapse, then what I have to say here will not fall on biased ears.
“The financial crash of 2008, the same crash which has been ongoing for years, is NOT an accident. It is a concerted and engineered crisis meant to position the U.S. for currency disintegration and the institution of a global basket currency controlled by an unaccountable supranational governing body like the International Monetary Fund (IMF. The American populace is being conditioned through economic fear to accept the institutionalization of global financial control and the loss of sovereignty….
“The Final Swindle of Private American Wealth Has Begun,”
lemetropolecafe.com, Brandon Smith, 02/04/2014
Though we do not know for sure whether the ongoing Crisis is “concerted & engineered”, that is certainly one reasonable interpretation.
We do know that there is precedent for Mega-Bank “Bail-ins” (i.e. confiscation) of Depository Accounts (cf. Cyprus and Poland) and Super-priority payments to Mega-Banks, (cf. MFGlobal) in the event of another Financial Crisis, as we and others, especially the Redoubtable Attorney and Analyst Ellen Brown, have noted.
And now we hear, in the SOTU no less, that Americans are invited to stash their wealth (such as they have left) in MYRAs, which presumably will hold Treasury Securities.
- Securities which depreciate as inflation increases.
And Investors have to cope with other “incoming” as well including Real Inflation of about 9%, Real Unemployment of 23% per ShadowStats.com.
And also we have suppression of P.M. prices. But there is a strategy for Surmounting all this Incoming and Profiting. At best American Holders of MYRA are likely to Suffer loss from inflation, and at worse loss of principal.
But arguably the more serious Incoming Threat is the Ongoing Destruction of the Purchasing Power of the $US by the private for-profit US Fed’s policies.
Consider further, Brandon Smith’s view.
If you understand that the goal of the Fed and the globalists is to dismantle the dollar and the U.S. economic system to make way for something ‘new,’ then certain recent events and policy initiatives do start to make sense….
“I stand more on the position that the Fed taper was begun in preparation for a slowdown in global markets. In fact, I believe central bankers have been well aware that a decline in every sector was coming, and are moving to insulate themselves.
“Look at it this way: The taper program distances the bankers from responsibility for any dramatic changes in our financial framework, at least in the eyes of the general public…. The Fed is creating space between itself and the economy because they know that a trigger event is coming. They want to ensure that they are not blamed and that stimulus itself is not seen as ineffective.
“We all know that the claims of recovery are utter nonsense….
“The MyRa program turns the general American public into a new cash stream, but there’s more going on here than meets the eye…
“And, are they offering the MyRA program as an easy outlet (or trap) for people to pour in what little savings they have as panic over declining equities accelerates?
“Second, the program is currently voluntary, but what if the plan is to make it mandatory? Obama has already signed mandatory health insurance ‘taxation’ into law, which is meant to steal a portion of every paycheck….
“…is this a deliberate strategy to corral the last vestiges of private American wealth into the corner of U.S. bonds, so that this wealth can be confiscated or annihilated?...
“The goal of globalists is to engineer desperation. To create a catastrophe and then force the masses to beg for help….” Ibid.
We should emphasize that a form of Confiscation is already ongoing in the form of devaluation of the $US as revealed in the Real (as opposed to the Bogus Official Numbers) Inflation Numbers provided by Shadowstats.com. (See Note 1)
Another “Hostile Incoming” Threat is noted in Tyler Durden’s Analysis of the MYRA program — Increasing State Control of Wealth, Via (in the Case of MYRA) Nationalization of Retirement Savings, a Threat which we have earlier noted as well.
“Simply put, the new myRA program put forward by Obama is at best a sucker's deal… or worse, it's a first step toward the nationalization of private retirement savings….
“Even before the new myRA program was announced, there had been whispers about the need for the US government to assume some risk for US retirement accounts. That's code for forced conversion of private retirement assets into government bonds….
“Of course, you can only invest in government-approved investments—like Treasuries—which probably won't even come close to keeping up with the real rate of inflation. It's like Jim Grant says: ‘return-free risk.’
“In reality, a myRA doesn't really provide any significant new benefits over existing options….
“The net effect is the funneling of more capital to Treasury securities and thus helping the US government finance itself….”
“The Countdown to the Nationalization of Retirement Savings Has Begun,” zerohedge.com, Tyler Durden, 02/05/2014
Yet another Hostile Incoming is a product of the Ongoing Currency Wars whereby Central Banks try to outdo each other in devaluing their Currencies. This provides temporary help to Exporters and over indebted governments but ultimately will (and in many cases has already) generated inflation.
Couple Currency Devaluation with the excesses created by the artificially low interest rates created by The Fed, QE, and one has a recipe for trouble as the Fed has begun to Taper down Stimuli. The trouble has first been obvious in Emerging Markets and has already resulted in Sudden weakness in Argentina, South African, and Turkish Currencies.
“This Turkish cautionary tale should warn investors that the emerging-market crisis is not over. And no market -- not even the U.S.’ -- is quarantined from the damage…
“Many U.S. companies sell into emerging markets. After currency crashes, imports become unaffordable. Economies downsize and de-globalize.
“Such are the consequences of credit bubbles. Credit bubbles cannot inflate to economy-wrecking scales if they weren’t built on a foundation set by central banks.
“Here’s the sequence of events:
1. Central banks manipulate interest rates below where they would have been established in a free market
2. Bankers and borrowers go wild
3. Near the peak of the bubble, central banks tighten mildly
4. Awareness spreads that central banks -- not genuine savings -- funded the credit bubble
5. Investors sell and/or repatriate their assets
6. Calls for renewed central bank easing grow louder and louder.
“Right now, we are somewhere between steps three and four in the above sequence. This week’s additional QE taper of $10 billion per month will prompt more investors to look for the exits. Stay defensive… ”
Strategic Short Report, 01/31/2014
So how does one surmount all the foregoing Hostile incoming.
We have long and repeatedly advocated buying Inflation–resistant Assets such as a Interests in Productive Farmland, and Water Supply/Management Resources.
And we have long advocated being buyers of Gold & Silver, with much of it held in Physical Form (e.g. Coins, bars) in one’s personal possession (i.e. Outside of the Banking System.), with some Interests in Quality Miners as well.
But it is becoming increasingly widely known that a Fed-led Banking Cartel has for years and is engaged in the Suppression if the Price of Gold & Silver. (See Note 2)
Nonetheless, the Cartel’s Price Suppression Efforts plus increasing demands from China & India have resulted in a great and increasing shortage of Physical Metal with which to make Delivery of Actual Physical.
As Brien Lundin points out.
“COMEX gold warehouse stocks have been falling dramatically, apparently in response to the massive increase in Asian gold demand (which was itself sparked by the price-takedown fostered on the COMEX exchange.)
“When you consider this along with the fact that the “gold cover” (the number of putative owners for each ounce of physical Registered gold on hand at the COMEX) has soared to an incredible 110 “owners per ounce,” then you see that the U.S. paper gold market is dancing along the precipice of potential default.
And someone may be trying to push it over the edge.”
Think of it! 110 “Owners” of each Ounce of Physical Gold in the COMEX! Suppose only a few more of them decide to demand Delivery. It is only a matter of time before the COMEX fails to make Delivery.
The COMEX will have to Default & the price of Gold will skyrocket. The market is approaching the point of No return. This is why Deepcaster provides Forecast for the timing of these Events & the prospective Equities Crash in our letters and Alerts.
Even MSM has begun to Report on the Suppression of the Gold prices. Note the following from the August Financial Times.
“From the FT’s Neil Collins: ‘Learn from Buba and demand delivery for true price of gold: One day the ties that bind the actual and the traded commodity will snap’.”
“The FT Goes There: ‘Demand Physical Gold’ As One Day Paper Price Manipulation Will End ‘Catastrophically’,” zerohedge.com,
Tyler Durden, 01/25/2014
In sum to surmount Hostile Incoming acquire interests in Inflation-Resistant Assets, such as Food, Water & Gold.
February 7, 2014
Annual U.S. Consumer Price Inflation reported January 16, 2014
1.5% / 9.08%
U.S. Unemployment reported January 10, 2014
6.7% / 23.3%
U.S. GDP Annual Growth/Decline reported December 20, 2013
1.97% / -1.70%
U.S. M3 reported January 3, 2014 (Month of December, Y.O.Y.)
No Official Report / 3.32% (est . ) (i.e, total M3 Now at $15.512 Trillion!)
Note 2: We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2010 Letter entitled "Profit from a Weakening Cartel; Buy Reco; Forecasts: Gold, Silver, Equities, Crude Oil, U.S. Dollar & U.S. T-Notes & T-Bonds" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.
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-- Published: Friday, 7 February 2014 | E-Mail | Print | Source: GoldSeek.com