Editor’s Note: The following article by Anthony Tomei was brought to our attention by SHTF Plan contributor Eagle Claw. Pay special attention to Mr. Tomei’s views on the global monetary system and gold. While we often recommend gold and silver as a store of wealth for turbulent times and economic collapse, Mr. Tomei’s view is that gold will no longer be a redeemable form of currency in the event that a debt insolvency of the United States (and other countries) comes to pass. According to Mr. Tomei, “gold is the banksters” money.
To some extent this is true and Tomei’s recommendations for focusing on non-perishable foods and sustainable living investments is something with which we are in agreement. However, we stress to our readers that gold and silver’s history as a medium of exchange cannot be denied, dating back nearly 5000 years. The banksters, as Mr. Tomei refers to them, have always wanted to control the real gold, as is evident from one of financial history’s most well known adages, “he who has the gold makes the rules.”
So long as there is a demand for precious metals, be it from central banks or investors around the world, gold will retain value in a sort of trickle-down effect. The people of the world are looking to precious metals now more than any time in recent history, as we can see from what happened in Greece a few months ago when the “street” price of gold rose to $1700 per ounce while the bankers’ paper price was trading in the $1150 range. Additionally, we suggest to those who haven’t yet watched the video to take a look athow some Islamic countries are dealing with “banker criminals” as they refer to them, by eliminating the use of paper transactions and choosing to personally engage in transaction with precious metals.
While we share Mr. Tomei’s views on the coming collapse of our current monetary system resulting from excessive and un-servicable debt, we would not simply discount gold. For the coming collapse, we strongly suggest to those looking to preserve life, liberty, wealth and the pursuit of happiness to consider a multi-pronged approach to diversifying assets that should include perishable goods, sustainable living tools and skills, real estate, precious metals and any other tangible asset that has survived debt and political collapse historically.
Of note is that we also share Mr. Tomei’s sentiment regarding a possible move by government (sponsored, of course, by the world’s largest bankers) to either seize physical gold assets similar to what was done in the 1930’s, make it illegal to redeem, or to simply tax it at extreme levels. Thus, for those who have chosen to acquire precious metals, we strongly recommend contingency plans for such events.
Fiscal adjustments if any are too little, too late. The only 2 options the U.S. has to boost investor confidence levels are unpopular, painful, and we are past the rubicon for both! The 2 options would be massive tax increases, or drastic spending cuts.
I will now make a prediction based on the negative debt and public admission of a fiscal crisis… Take note, the U.S. is collapsing.
This March Moody’s investor services warned the U.S. that unless it got it’s spending under control there would be a possible future downgrade of it’s triple-A credit rating… (see here)
Regardless of how long Moody or S&P try to stretch and prolong the inevitable downgrade and regardless of how much Tim Geithner says all is well DO NOT BE FOOLED BY THE COSMETIC SMEAR JOB! We, like the rest of the world are quickly approaching debt insolvency if we aren’t there already! There is no turning back now and what we will see is that things will start deteriorating very quickly now.
Watch the news, keep an eye out for new developments. We are now moving very rapidly to a cashless society. Don’t buy into the gold and silver manipulation schemes out there and stay away from those that prey on the helpless and try to get you to invest in gold. Gold is the banksters money, and they will confiscate it just like they did during the 1930’s because it is their money!
What you should be doing with your dollars is buying non-perishable foods, and anything that will sustain you and your family throughout this global transition. When they introduce the global electronic cashless system your gold won’t be redeemable.
This economic impending disaster is one that Americans do not understand and will overtake the mass majority like a thief in the night. Your typical American will not fully realize what has actually happened until they go to the bank to cash their check and find it closed with military guarding the front door.
The day is coming soon when the U.S. Treasury will declare a force majeure on debt. The U.S. is now so far in debt that collapse is inevitable and unavoidable. Make preparations for it now.
Should America (along with Israeli forces) launch a war against Iran – the costs of such a war will overwhelm an already crippled economy and push the U.S. over the edge into oblivion. I believe this is all pre-planned and orchestrated. I predict within 2 years time Americans will be begging for food and the bare necessities just to survive. Contingency plans by our military and FEMA are already in place for riots, and possible insurrection.
The greatest depression ever is currently underway and about to get worse. This is going to be global in scope. The blackmarket will rule, so stock up now on things like lighters, whiskey, cigarettes, canned protein, oats, rice, batteries, first aid kits, medicine, toilet paper, etc. people will trade their silver and their gold just to get their hands on simple pleasures.
Mac Slavo Views:
Read by 1,436 people Date: August 6th, 2010 Website:www.SHTFplan.com
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