Friday, July 25, 2014
Text Size

Search our Site or Google

Articles & Blogs

U.S. Prepares To Detonate Market Bubbles

US Commentary

The Machiavellian mainstream media was at it again today. The Game has become so old now that it has become stale and repetitive. The media prints their phony reassurances about one aspect or another of our Crime Syndicate economies, and we know the actual truth is virtually opposite.

They write that the U.S. economy is in a “strengthening recovery”, and we know it’s in a worsening Depression. The Corporate Media claims that inflation is “too low”, meanwhile in the Real World a “food-inflation crisis” threatens the well-being of billions.

The propaganda machine spouts (again and again) that gold is now “in a bear market”, and in the Real World we see demand spiking to all-time highs, as the bull market reaches a new, fevered pitch.  The mainstream media assures us that there is nothing to worry about at LME metals warehouses other than a few “shipping irregularities”, and we discover that crooked Banksters are up-their-eyeballs in gangster racketeering.

In a recent commentary, it was noted that the Corporate Media was claiming that the Canadian government was now diligently endeavouring to “cool the housing market.” As was then explained; not only had Stephen Harper’s government systematically, deliberately duplicated the catastrophic U.S. housing bubble, but now his government had just slammed that bubble with a financial sledge-hammer.

Clearly, one of the primary functions of the mainstream media today is nothing more than an absurd, endless reprise of the role of Officer Barbrady from “South Park”:

Move along people. There’s nothing to see here…

And as with the ‘reliable’ Officer Barbrady; every time we see the Corporate Media come up with a new version of this inane message, we know that we need to pay especially close attention. So what is “Officer Barbrady” telling us not to worry about today? U.S. bubbles – because Barack Obama (and the Federal Reserve) are vigilantly standing guard against such a possibility.

What is happening in the Real World? The Demolition Squad is being assembled, because it’s “bubble-blowing time” again.

Déjà vu. The year was 2007. The same Corporate Media had just assured us (yet again) that according to the same Fed Chairman, the U.S. had a “Goldilocks economy”, where U.S. markets and house prices would just keep going up, and up, and up forever.

B.S. Bernanke himself was vigilantly standing guard to make sure nothing derailed that Goldilocks economy. Of course by that time the U.S. housing bubble had already burst, and within months the wheels had fallen off the economy as a whole.

Flash ahead to 2013, and the U.S.S. Titanic has a new Skipper (Barack Obama), but the same First Mate (Bernanke) – again (supposedly) constantly on the look-out for icebergs. Is there any reason for this Plucky Crew to be worried?

How about $1 trillion per year of totally gratuitous money-printing (i.e. “QE”), which has produced the now-familiar chart below? Does anything about this chart suggest “bubble”?


Q2 Gold Demand: WGC Can’t Spell ‘Decoupling’

Gold Commentary

What actually happened in the gold market during the second quarter of 2013? The One Bank launched one of its most savage assaults on bullion markets throughout the entire course of this 13-year bull market, causing all-time record demand for gold – while the market for its (fraudulent) paper-called-gold collapsed.

However (potential) gold investors wanting information on those events would have been hard-pressed to decipher what really happened in bullion markets from the fictionalized account of the World Paper Council for Q2. Despite observing itself that demand for paper-called-gold suffered the largest crash ever, while demand for real gold experienced its greatest spike ever; the WGC simply finds it impossible to spell the word d-e-c-o-u-p-l-i-n-g.

This should not be a surprise to regular readers, who now understand that the WGC is little more than a mouthpiece for the One Bank. So when it comes to describing the crimes of the bankers in bullion markets, the mantra is “see no evil, hear no evil, speak no evil.”

Some may attempt to argue that the report of the WGC does try to portray a (somewhat) bullish picture in the sector. It did report that demand for gold bars hit an all-time high. It did report that demand for minted coins hit an all-time. It did mention that global jewelry demand spiked to a five-year high.

But what choice does it have? It is (at least supposedly) the World “Gold” Council. And while it does its best to hide data on the gold market (only two years of supply/demand numbers exists for a commodity which has traded for thousands of years), at the very least it will always be forced to report current sales data.

What we had here was the World Paper Council deliberately understating the most-explosive quarter in the history of the world’s gold market. What did the WGC lead with in its deceptive account of this quarter? A fictionalized number which it calls “total demand” – which (as its tag-team partner, Kitco immediately reported) was “down 12% from the same period a year ago.”

In the most-explosive quarter for demand in the history of the gold market, we have the WGC beginning its pseudo-report talking about falling demand. Of course what it calls “total demand” is the demand for real gold minus the plummeting demand for the Banksters’ paper-called-gold.

However, there can no longer be any possible excuse in reporting demand for gold and demand for paper-called-gold as a single number, for two reasons. The most-obvious reason is the dichotomy: the decoupling we have seen in this market as demand for the One Bank’s paper-fraud products collapsed at the same moment that demand for gold hit an all-time high.

The second reason, while not as spectacular is no less imperative. The bullion banks (via the Corporate Media) have implicitly confessed that all of their own paper-called-gold is just paper.

When the Banksters attacked the gold market in Q2, driving down prices, demand exploded in India – still clinging to the mantle of “world’s largest gold market” (just ahead of China). Since India produces virtually no gold itself, this produced a gigantic gold deficit. How did the bankers and the Corporate Media insist (again and again) that they could “fix” this gold deficit? By selling Indians more of their own paper-called-gold.

And as I rebutted again and again in my own commentaries; as a simple proposition of arithmetic/logic the only way that selling “paper gold” could alleviate a “gold deficit” is if you are merely selling paper, and calling it gold. Fraud – now out in the open.


Canadian Government Blows-Up Housing Bubble

Canadian Commentary

Stephen Harper’s Ultimate Crime is almost complete.

His campaign to destroy Canada’s economy began with his relentless, meticulous efforts to duplicate the disastrous U.S. housing bubble in Canada (along with piling up years of record deficits). We can be absolutely certain of Harper’s criminal intent here because he chose to duplicate the U.S. housing bubble in Canada after that market had already collapsed in an orgy of fraud-and-foreclosure.

But creating a bubble he intended to blow-up was only Harper’s first step in this malevolent plan. Step Two was preparing for after he blew-up his own bubble. Canada is the first – and only – Western nation to write “bail-in” provisions into its own, current budget.

For those readers, who were snoozing during the Cyprus Steal (and the details revealed about that crime in its aftermath); let me refresh your memories. The governments of Europe (under the control/direction of the One Bank) staged a carefully-planned “bank robbery” in Cyprus.

Of course it wasn’t the bank which was robbed. It was the bank which was doing the robbing (with the assistance of the Cyprus government), and the innocent depositors who were “held up” – after all the Big Money had been quietly warned to move their wealth out of Cyprus banks.

Immediately after this bank-robbery, we had the Corporate Media, the banking cabal, and the Traitor Politicians all proclaim that “a precedent had been set”; and they all immediately went about setting up their own “bail-in” frameworks, so they could rob their own populations. Some Western nations have done this surreptitiously, but not Stephen Harper.

Not only did Harper plant “bail-in” rules right into Canada’s most-recent budget, he explicitly stated that these rules were “based on” the template written by the One Bank itself, via one of its mouthpiece organizations, the (cynically titled) “Financial Stability Board”. Regular readers are familiar with my analysis of that policy-paper (No Paper Is Safe From A Bail-In: FSB):

6.5 As a last resort…some countries may decide to have a power to…recover any losses incurred by the state from unsecured creditors or, if necessary, the financial system more widely. [emphasis mine]

That’s right. The bail-in rules Stephen Harper planted into Canada’s Budget allow the government to steal any kind of paper out of any kind of account, from any part of the Canadian financial system. As I said at the beginning, “Ultimate Crime.”

So first Stephen Harper created Canada’s housing bubble. Then he (preemptively) put in place rules allowing the bankrupted banks to steal anything-and-everything from the Canadian financial system (i.e. ordinary Canadians).

All that remained for Harper to complete his crime was to detonate the bubble he created. The Corporate Media informs us that Stephen Harper has now done this as well. How? To understand this requires briefly backtracking, in order to explain to readers who didn’t read my original commentary how the Canadian Housing Bubble was manufactured.

The centerpiece to Harper’s plot was/is the Canadian Mortgage and Housing Corporation. The CMHC is an exact clone of the U.S.’s notorious fraud-factory, “Fannie Mae”. It provides virtually unlimited funding for the Big Banks to write-up fraudulent mortgages.


U.S. Government Prepares Mass Pension-Rape

US Commentary

How has the bankrupt United States of America kept its entire (paper) house-of-cards from crumbling all around it? Two words: fraudulent accounting.

As many readers know, following the Crash of ’08 U.S. Big Banks were hopelessly bankrupt. They were leveraged well in excess of (the legal) 30:1, with the vast majority of that leverage tied directly to the (fraud-saturated) U.S. housing market – and house prices.

The effect of this leverage was that (as a matter of arithmetic) only a 3% decline in U.S. house prices would render all these banks insolvent (3% X 30). In fact the U.S. housing market plummeted lower by roughly ten times that amount (in just its first down-leg). The mere $15+ trillion in hand-outs/loans/guarantees from the Bush regime was only a band-aid which would keep these fraud-factories afloat for a few months, barring other equally extreme action. And so Mark-to-Fantasy accounting was born.

Beginning in February 2009, U.S. Big Banks weren’t required to account for their assets (or liabilities) at “market value” (i.e. what people were willing to pay for them in the real world). Instead, the Banksters were allowed to do their accounting on the basis of what they thought their own assets should be worth.

Suddenly, the same corporations which had just all been bankrupted ten times over were able to pass a “stress test.” Of course that Cinderella Stress Test proved nothing about the solvency of U.S. banks. However simply being instantly able to cobble-together a façade of solvency did illustrate the magnitude of the fraud in this Mark-to-Fantasy accounting.

But for decades prior to this the U.S. federal government had already been engaging in its own Mark-to-Fantasy accounting. Unlike U.S. corporations, which are (accept for the Big Banks) still required by law to acknowledge all debts and liabilities in their accounting; the federal government only acknowledges the liabilities it wants to acknowledge – the small ones.

The remainder of these obligations are simply shoved to the side, and permanently ignored by all of the U.S.’s elected representatives, of both parties. But other people do keep track of these “unfunded liabilities”. A former Reagan economic advisor, and now economics professor estimated this mountain of Unfunded Obligations at more than $200 trillion.

The U.S. government has $15+ trillion of “official debt”, and $200+ trillion of ignored liabilities. Now that is “creative accounting”!

U.S. state and local governments were so impressed by the federal government’s financial gymnastics that (one by one) they began copying these accounting practices themselves, and creating their own mountains of Unfunded Liabilities.

How big are these state/local mountains of hidden-and-ignored liabilities? No one really knows. As CNBC tells us:

Thanks to a patchwork of accounting practices and rosy investment assumptions, it’s not even clear just how big a financial hole many states and cities have dug for themselves.

But it looks like we’re all about to find out. How? The U.S. federal government has just created new “standards” for the financial accounting of state/local governments – but (of course) not for itself:

That may soon change, thanks to a new set of government accounting standards that could serve as a nasty wake-up call to states and cities relying on rosy scenarios and head-in-the-sand accounting.

Why has the U.S. government suddenly targeted only one segment of its accounting-fraud economy for “clean up”? We can be certain that the motive was not “financial accountability.” How so?

The federal government is the accounting template upon which all the accounting-fraud of state/local governments is based. Yet it is only forcing the Imitators of this fraud to clean up their act, and not the Originator – itself. Thus clearly the motive here is a purely sadistic one.


The Pareto Threshold

Canadian Commentary

Those who cannot remember the past are condemned to repeat it.

- George Santayana  1863 – 1952


Human history is a depressing cycle of repetition. Societies/economies rise; societies/economies crumble. The patterns of these cycles are virtually identical, yet living through thousands of years of this “history”, we have learned nothing.

Indeed, our understanding (and thus our “memory”) of history is worse than useless, as it is characterized by fundamental misconceptions which guarantee the repetition of this Cycle of Futility.

Ironically, just a few years before Santayana’s time, an economist (and Jack-of-all-trades) named Vilfredo Pareto was born (1848 – 1923) in Italy. Pareto himself was not a “thinker” he was an observer. What Pareto observed around him was that he quite often encountered bizarre “80/20 splits” in the allocation of a particular resource (or resources), where a 20% minority held an (inverse) 80% share – while the 80% majority held only a 20% share.

Pareto remains blameless in History. He merely reported what he observed. It was the idiot-economists who came after him who took his data and managed to pervert it into the most-preposterous conclusion which one could draw from Pareto’s observations: the “Pareto Principle”.

The economic zealots who propound this pseudo-science assert that this grossly disproportional allocation of resources is, in fact, an “equilibrium”. Thus the supporters of this Great Myth assert that such an unequal, 80/20 allocation of resources is actually (supposedly) appropriate, and thus the Pareto Principle is often expressed instead as “Pareto equilibrium.”

Within these Zealots is a cadre of extremists who take this idiocy an order of magnitude further. Not only do they presume these 80/20 splits to represent “equilibrium”, but they actually insist that such a division is optimal. Thus to the extreme Zealots, the Pareto Principle is simply the expression of “Pareto optimality”; that an unequal 80/20 division of resources is not merely appropriate – but it is an ideal to which we should aspire.

Clearly none of these economic Zealots ever heeded the warning of Santayana, and learned their history. If they had done so (with any diligence), then undoubtedly they would have come across another “principle”, nearly 2,000 years older than the observation put forth by Pareto, from a Greek philosopher named Plutarch, who was living in Rome at the time.

The Plutarch Principle was not only considered “wisdom” in its own time (and thus has survived 2,000 years), it has been confirmed again and again and again since then by our Cycle of Futility:

An imbalance between rich and poor is the oldest and most fatal ailment of all Republics.”

Two thousand years ago, it was old news that a grossly disproportionate allocation of wealth was not “optimal”, but rather suicidal. Two thousand years ago, it was old news that the Pareto Principle was nothing more than a recipe for disaster.

threshold – n. The point that must be exceeded to begin producing a given effect or result.

equilibrium – n. A state of rest or balance due to the equal action of opposing forces.

What have we seen throughout our Cycles of Futility since Plutarch uttered his own, immortal Principle? Virtually every time we see economic/societal collapse (or even revolution) we see simultaneously that the Rich have gotten very, very rich, and the Poor have gotten very, very poor.

We saw it with the Great Depression. We see it evolving again today. At exactly the same time that the Middle Class have been transformed into the Working Poor (and the Very Wealthy have become the Ultra Wealthy), we see all our economies on the brink of not simply collapse, but outright bankruptcy.


A Preemptive Rebuttal Against Silver Confiscation

Silver Commentary

As all regular readers know, we live in lawless societiesat least “lawless” for any/all individuals or entities encompassed by the crime syndicate known as the One Bank. When the One Bank wishes to perpetrate a particular crime, it now acts with impunity, and then either before or after-the-fact the Corporate Media (subsidiary of the One Bank) simply invents some pretext or excuse for the crime, and drowns out all attempts to promote the Truth.

This modus operandi is now such a deeply ingrained pattern of behavior that it becomes possible to predict how the One Bank will perpetrate a particular crime – even if we can’t be certain of when (or even if) the crime will take place. So it is with silver confiscation.

Should the One Bank choose to engage in silver confiscation (again), this is a strategy which today is problematic, at best. Thus simple cost/benefit analysis may ultimately weigh against such an act. But if it should once again seek to “confiscate” (i.e. steal) the silver of ordinary people (in order to bail itself out of crimes previously committed in this sector), we can say with certainty the precise tactics which will be employed.

Rather than attempt to rebut silver confiscation at the time of “the crime” – and be drowned-out with denials by literally a ratio of a thousand-to-one – the time to rebut such an act is before it takes place, when there is no tidal-wave of propaganda submerging this message.

In the case of silver confiscation, where there are no legitimate arguments which can be advanced; there are even only two false-arguments which it is possible for the propaganda machine to construct:

1) Silver confiscation will “save jobs.”

2) Silver investors will be (savagely) demonized as “hoarders” and “speculators”, and thus deserving of having their silver stolen from them.

As anyone who understands the silver market (and has some familiarity with economics) knows, the industrial demand for silver is highly “inelastic.” In other words, no matter how high the price soars; those industrial users will continue using silver – and continue selling their silver-based products.

Why is this so? Because in most of these industrial applications, (precious) silver is only used in small quantities. Thus even if the price of silver soared to many multiples of its current price, it would have only a (relatively) small impact on the end price of consumer goods – meaning that a rising price of silver would never/could never “threaten jobs.”

Indeed, the jobs (directly and indirectly) produced by increased silver mining – caused by a higher price of silver – would always exceed the total number of jobs lost due to those higher prices. A higher price of silver is a job creator.

Those who can still recall when we had a healthy mining industry in North America also recall the plethora of “mining towns” strewn across the continent; entire communities supported by this single industry. Relative to most of the “industry” (i.e. crime) of the paper-pushers themselves; mining is labour-intensive. High metals prices are good for the economy.

Conversely, confiscation itself is a guaranteed job-killer. The dynamics are as obvious as they are relentless. Confiscation (and the price-suppression behind it) would/will destroy the supply of silver. The relentless price-manipulation of the One Bank in the silver market caused a 90% decline in silver inventories between 1990 – 2005 alone, coinciding with when these Criminals drove the price of silver to a 600-year low (in real dollars) with their shorting.

Confiscation would be for the sole purpose of keeping the price of silver artificially low, continuing to destroy supply. Taking this crime strategy to its logical extreme, we would have continued price-suppression, followed with ever more-frequent “confiscations” where ever-less silver was harvested. Eventually the world would literally “run out of silver” and all the silver-based jobs would be lost.

If readers perceive the first pseudo-argument of the One Bank “justifying” silver confiscation to be perverse, the second is even more so: the demonization of silver investors.


Paper-Pumpers Promote Gold

Gold Commentary

As a life-long Contrarian; these days I spend the vast majority of my reading/research time studying the bearish drivel on precious metals which emanates (in greater quantities than ever) from the Corporate Media. Indeed, this propaganda machine never displayed as much zeal to cover the gold market during the last twelve years of rising prices as it has this year – now that it has absurdly proclaimed a “bear market” for gold.

Why choose to study drivel?

Because (as any Contrarian can tell you) you always obtain the strongest arguments/evidence to support your own position from those with the opposite perspective. The logic here is simple enough. Assuming one’s own position is valid, then those with the opposite perspective are advancing false arguments.

At this point, it simply becomes a matter of carefully watching/listening, as your opponent(s) inevitably exposes their own weakness(es). With the Gold Bears never having had as much to say as they have lately; Contrarians have never been gifted with so many strong arguments as to why we should all be buying gold (and silver).

As the loudest of the Gold Bears, let’s let Bloomberg do the talking today, in an article titled Gold Bears Dominant Again as U.S. Growth Quickens:

…“Why would I want to hold gold if the U.S. economy is recovering and equities are doing so well?” said Andrey Kryuchenkov, a commodity strategist in London at VTB Capital, a unit of Russia’s second-largest lender. “Physical buying probably won’t be enough to revive the gold market and have a sustained rebound. The sentiment will still remain bearish.”

Let me bite-off the the first chunk of this Big Lie: the U.S. economy is “recovering” and “equities are doing so well.” As all regular readers know, there is no bigger lie than that of the mythical “U.S. recovery”. As we get more B.S. from the BLS today proclaiming another 160,000 “new jobs” in the U.S.; back in the real world the U.S. has been losing jobs at the fastest rate in history throughout this “recovery”:

Then we get to the second half of that Big Lie: “equities are doing so well.” Indeed, with the Federal Reserve pumping $85 billion per month of its funny-money into the greedy maw of the One Bank solely to pump-up market valuations, one would hope they are getting a little “bang for their buck” ($1 TRILLION per year, to be precise).

So with a fake-recovery in the U.S. and $1 trillion per year (of new, funny-money) pumping-up U.S. equities to record levels, what do we have? That’s right: yet another U.S. market-bubble.


London Metals-Fraud Revealed

International Commentary

Approximately a month ago, the Corporate Media began leaking bits-and-pieces of information about “warehouse problems” involving the London metals-cabal: comprised of the LME (London Metal Exchange) and the LBMA (London Bullion Market Association). Being a close follower of this propaganda machine, I was well aware that such leaking was always the first step by these media Drones to explain/cover-up yet more financial crime being perpetrated by the One Bank.

In hearing of these massive, preposterous delays to “ship” metal which had already been purchased, my assumption was that the real story here must involve precious metals. Gold and silver are the only metals markets where supplies are tight, thus the rational conclusion was that these were the metals at the root of these “shipping delays”, and I wrote a commentary based on that hypothesis.

I considered another possibility: that these “delays” had nothing to do with inventories (or metals supplies) at all, but rather was simply some crude “shake-down” operation being perpetrated against metals buyers (in general). I rejected that possibility because it represented such blatant gangster racketeering that I assumed that even the One Bank would not attempt to perpetrate such brazen crime.

However, as noted with a crude colloquialism, there are obvious, intellectual perils when one “assumes”. In hindsight (as further information has emerged) it is clear that my original assumptions were incorrect. This is clearly a problem with shipping base metals – not precious metals. And it is clearly gangster racketeering, at its worst.

The liars in the Corporate Media originally told us merely that the delays “could exceed 100 days”,  and that such delays were restricted to a few, isolated examples. However, with it being impossible to cover-up crime of this magnitude, further facts have come out, and the Truth has begun to emerge.

In fact, some metals-buyers are experiencing “delays” in receiving the metals they purchased of well over one year, and some large buyers are simply refusing to deal with the more notorious Crime Warehouses:

Before Goldman [Sachs] bought Metro International three years ago, warehouse customers used to wait an average of six weeks for their purchases to be located, retrieved by forklift and delivered to factories. But now that Goldman owns the company, the wait has grown more than 20-fold – to more than 16 months, according to industry records.

Longer waits might be written off as an aggravation, but they also make aluminum more expensive nearly everywhere in the country because of the arcane formula used to determine the cost of the metal on the spot market. The delays are so acute that Coca-Cola and many other manufactures avoid buying aluminum stored here. Nonetheless, they still pay the higher price. [emphasis mine]

And lest any Skeptics attempt to write this off as just the inefficiency of “bankers” trying to be warehouse operators; the facts make the criminal intent of this fraud unequivocal:

The story of how this works begins in 27 industrial warehouses in the Detroit area where Goldman stores customers aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among warehouses. Two or three times a day, sometimes more, the drivers make the same circuits.

The industrial dance has been choreographed by Goldman to exploit the pricing regulations set up by an overseas commodities exchange [i.e. the London metals-cabal], an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country.

Tyler Clay, a forklift driver who worked at the Goldman warehouses until early this year, called the process “a merry-go-round of metal.” [emphasis mine]

In other words, this crime is yet another form of financial blood-sucking being perpetrated by the One Bank, and is not unlike the blood-sucking described in my previous commentary about this monstrous monopoly. However, as any gangster (or bankster) can tell you, “the real money” in a racket of this nature is in extortion, so we could very well see further layers of this crime revealed as more facts emerge.


Gold, Silver, and Hyperinflation

Gold Commentary

Most commentators in the precious metals sector still are not treating hyperinflation as a likely scenario -- as “competitive devaluation” continues to relentlessly drive all of this paper to zero. I can prove this. How? Because these commentators continue to issue (long term) “price targets” for gold and silver.

Indeed, many articles discuss “revaluing” gold at some arbitrary number as some Final Solution to fix these broken markets. Revaluing? Clearly a reminder of the definition of hyperinflation is in order.

Paper goes to zero (near-zero). Prices for hard assets go to infinity (near-infinity). Not “5,000.” Not “10,000.” Not even “100,000.” We are no longer talking about “high prices.” We are talking about Zimbabwe prices.

(Western) money-printing is increasing exponentially. Sovereign debt amongst these Western Deadbeat Debtors is increasing exponentially. Exponential curves only have one, possible ending: things blow up. The explosion of sovereign debt will (must) result in debt-default – and Debt Jubilee. The explosion of money-printing will (must) result in full-fledged hyperinflation.

The only “question” here is which will come first.

The United States claims to be the most-successful among these Deadbeat Debtors in preventing its own financial suicide. It has a $1+ trillion per year deficit (and more than $200 trillion in debts/liabilities). And the only reason the number isn’t much, much higher is that by fraudulently holding interest rates on that debt at near-zero it is minimizing interest payments.

However, even if such fraud could be maintained permanently, it solves nothing. It merely delays debt-default (and hyperinflation) by a couple of years. The fact that massive manipulation of markets is slowing these exponential progressions in no way alters the inevitable outcome. Paper goes to zero; prices go to infinity.

What then? A new monetary system will rise from the ashes, with new currency(ies). What will the “price” of gold be in such a new system, with brand-new currency? It could very easily be “1”.

I’ve argued previously that when the current (fraudulent) system of banker-paper implodes that the People will tolerate nothing less than a return to real money – i.e. currency backed by a hard asset. For 5,000 years; the only practical commodities to back our currencies have been gold and/or silver. There is no reason to assume our future would/could be any different.


Page 3 of 28

Latest Comments

Disclaimer: is not a registered investment advisor - Stock information is for educational purposes ONLY. Bullion Bulls Canada does not make "buy" or "sell" recommendations for any company. Rather, we seek to find and identify Canadian companies who we see as having good growth potential. It is up to individual investors to do their own "due diligence" or to consult with their financial advisor - to determine whether any particular company is a suitable investment for themselves.

Login Form