A larger global currency shift is underway…
And it may be happening much more quickly than anyone has realized.
Things are definitely in motion. Call it a game of musical chairs, or an exercise in rearranging chairs on the Titanic, or just that a tilting balance of power. Just don’t make the mistake of thinking this is all routine.
As Michael Snyder just reported:
The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe.
[…]
And these are just the losses that we know about so far. It will be many months before the full scope of the financial devastation caused by the Swiss National Bank is fully revealed. But of course the same thing could be said about the crash in the price of oil that we have witnessed in recent weeks. These two “black swan events” have set financial dominoes in motion all over the globe. At this point we can only guess how bad the financial devastation will ultimately be.
The key to understanding how the hammer will fall may lie in: gold.
In the material world that governs politics and economics, there has always been one golden rule: he who has the gold makes the rules.
Put China at the top of the next generation of rule makers, then.
China has been quietly stockpiling gold for years now. In fact, it is stockpiling so much gold that many have speculated that it may be building a gold-backed yuan currency that would make the Dollar pale in comparison on the global market.
Bottom line: no one knows just exactly how much gold China has amassed:
Buying surreptitiously allows Beijing to buy bullion at bargain prices; if the world knew how much gold China was really amassing, a run on gold the likes of which the globe has never seen would likely ensue. “We believe China is controlling the gold price because it is buying in such a way so as not to push prices up.” That’s the opinion of respected precious-metals analyst Julian Phillips of The Gold Forecaster, along with a host of other informed sources. (source)
It is widely believed that China has accumulated larger – possibly much larger – reserves since. (source)
Lots of other countries are rapidly buying up gold, too, including – Serbia, Greece, Ecuador, Mexico, Kazakhstan, Kyrgyzstan, and Tajikistan.
But reportedly no one is buying gold at a faster pace than Russia.
Back in August it was reported that:
Russia’s increase is the most dramatic, according to the recent report from the IMF. The Russian central bank has almost doubled its gold holdings within the last 5 years to 1,094.8 tonnes in June of this year. China’s Central Bank followed with an increase of 75% from its holdings in 2009.
Bloomberg reported in November:
The country has tripled its gold reserves since 2005 and is holding the most since at least 1993, IMF data show.
There is little doubt that gold plays a major factor in Russia’s posturing during a global showdown that involves proxy war and military tensions in the Ukraine, Syria, Iraq and other parts of the globe.
Moscow’s purchase of bullion and the assault on the bank can be seen as tactics of a single strategy designed to break the monopoly of the dollar. Gold is Russia’s hedge against that hegemony; it can’t be hacked.
More than that, Putin has been positioning his motherland to team up with China to solidify the emerging BRICS system which aims to thwart decades of Anglo financial dominance with a un-dollar currency system that will also include a development bank.
Russia’s response has been to buy gold and turn east, cementing deals with China and, it would seem, firing the opening salvos in a cyber currency war with the U.S. (source)
Warnings have sounded about a tipping of the global balance:
Russia is also increasing its gold reserves. China and Russia have been exchanging their U.S. dollar reserves and buying physical gold. Last year we speculated that this dynamic would create a shortage in gold leading to much higher prices. Russia and China now rank in the top ten countries by gold reserves.
With Russia now in what appears to be a currency war with the U.S., they may find a willing partner in China to create an alternative international financial system that does not rely upon or use the dollar. Irrespective of either country’s intentions, their physical gold buying sprees continue unabated. (source)
To that end, Russia has been amassing as much gold as possible, in a bid to outmaneuver its enemies in a silent economic war to hold onto its independence and further project its status.
Nearly every bit of gas and oil that Russia sells to neighbors in Europe and Asia is converted from dollars into gold reserves – and even with the collapsing oil price, that amount could still be staggering.
Many have pointed to the gold and oil trade off as Putin’s grand chess strategy:
Thus, the Western world, built on the hegemony of the petrodollar, is in a catastrophic situation. In which it cannot survive without oil and gas supplies from Russia. And Russia is now ready to sell its oil and gas to the West only in exchange for physical gold! The twist of Putin’s game is that the mechanism for the sale of Russian energy to the West only for gold now works regardless of whether the West agrees to pay for Russian oil and gas with its artificially cheap gold, or not.
If it ever comes to throwing down the gold and putting everyone’s cards on the table – ounce for ounce, and ton for ton, China and Russia will be major contenders in the global system, worthy of the kind of respect that equates both sovereignty and diplomatic power.
Keep in mind that China is also the world’s leading gold miner, producing more than 420 metric tons in 2013 numbers, with Russia ranked behind the U.S. as the fourth largest with 220 tons produced each year.
BRIC by BRIC a new system is being erected.
China has quietly declared war on the U.S. worthless dollar but can you blame them? They already have in place Chinese Yuan Swap facilities, which started the non U.S. dollar trade practice years ago. In 2012 China completed trade agreements with most nations they trade with called BRICS. They also have a BRIC Development Fund with a reported $200 billion already funding infrastructure needs and to deal with their toxic U.S. T Bonds. They will be busy replacing these bonds with gold and the chartered bank (Bank of China, Peoples Bank of China) will compete with the IMF and World Bank. (source)
The strings that come with IMF and World Bank loans give the U.S. and Europe leverage over developing countries, and thus, control. With a competing development bank, China and Russia will literally be building the infrastructure for growing global control.
Germany Has Already ‘Called’ – The World Second Largest Holder of Gold Has Demanded Repatriation of Its American Holdings
The elephant in the room of this entire affair is, of course, the United States. Ostensibly, they are far and away the world’s largest holder of gold, officially holding more than 8,000 tons of gold, and further housing thousands of tons of gold for various allies – especially in Europe.
However, very serious speculation has arisen about the veracity of U.S. claims to gold possession. No audit has taken place of Fort Knox, where the gold is held, since the Eisenhower administration, and many believe that significant portions have been lent or sold on the market to meet other obligations. Conventional wisdom, touted by such official mouthpieces as CBS, asserts that despite lacking confirmation of this gold through an audit, the question of who holds the gold just doesn’t matter anymore:
Fort Knox began losing its luster when the United States went off the gold standard in 1971. Before that, gold bars packed into a secure vault gave people faith in the country’s currency. Today, however, Fort Knox’s gold is now an asset on the Federal Reserve’s balance sheet, not a key part of our monetary system.
With decades of the U.S. dominating world finance through the petrodollar, no one was in a position to demand answers to this plaguing question, including the European nations with substantial deposits there.
However, things have changed since the 2008 financial crisis. The petrodollar is fading, and with it, American hegemony. Numerous European countries are now demanding, politely or not, to repatriate their gold.
For Germany, it has become an important question economically as well as politically. Nominally, it is the world’s second wealthiest in gold reserves, with more than 3,300 tons. However, the vast majority of its holdings have been kept in New York and London, due to post-World War II spheres of influence in Europe. With worries about the future of global economics, and a keen eye on the demise of the dollar, Germany has become decisive about keeping its gold closer to home.
Despite a 2012 decision in Germany to repatriate more than 600 tons of gold being held by the New York Federal Reserve, only 5 tons had actually been transferred across the Atlantic at the start of 2014, with the Bundesbank reassuring the German people that all is well, despite delays in the process.
Was their gold actually there, or have the delays been due to the need to buy back physical gold to meet demands on their ‘call’?
While this remains officially unclear, a fresh report yesterday claimed that Germany’s gold repatriation was still underway, and supposedly ‘on schedule’:
“The Bundesbank successfully continued and further stepped up its transfers of gold,” the central bank said in a statement.
“In 2014, 120 tonnes of gold were transferred to Frankfurt from storage locations abroad: 35 tonnes from Paris and 85 tonnes from New York.”
According to the German central bank’s own data, 1,447 tonnes are stored at the Federal Reserve Bank in New York, 438 tonnes at the Bank of England in London and 307 tonnes at the Banque de France in Paris.
Under the Bundesbank’s new gold storage plan in 2013, it decided to bring back 674 tonnes from abroad by 2020 and store half of its gold in its own vaults.
The Dutch were apparently more successful in quickly repatriating some 122 tons of gold from the New York Fed back in November:
As the debate regarding whether or not Switzerland should keep the bulk of its gold reserves at home on Swiss soil reaches it’s climax – the referendum takes place on Sunday – it is telling that the Dutch announced on Friday that they have just secretly repatriated 122 tonnes of their sovereign gold reserves from New York back to Amsterdam.
The Dutch Central Bank went so far as to state that the action was designed to install public confidence in the ability of the central bank to manage crises. The prospect of further shipments from the U.S. remains open as they are keeping the logistical details secret.
Meanwhile, during this silent drama, the Ukraine has been rapidly emptied out of its gold reserves.
Following the coup in Ukraine, the nation’s gold reserves mysteriously plummeted to “near zero”, with reserves depleting from from about $1.8 billion in gold reserves to “near zero,” raising speculation that it was transferred to the U.S. Meanwhile, some $874 million in gold was officially sold in October 2014 to service its debts. Did the Federal Reserve steal Ukraine’s gold to meet calls on its lacking gold reserves?
And Now the Swiss…
The recent shock announcement that the Swiss are decoupling from the Euro is the latest domino to fall, and could set off the long-feared chain reaction.
Many are asking if it signals the end of the Euro as a currency… and if so, what else after that?
The Swiss had vowed to not allow the franc to rise beyond 1.20 francs per euro. With the removal of that cap, the franc soared as much as 30% against the euro on Thursday, an unheard-of move in the currency markets.
It tells the world loudly that a global currency crisis – albeit unstated – is underway … that Western economies and Western sovereign debt is so out of whack that the only ammo left in the arsenal is currency.
Currencies are now being sacrificed in an effort to save economies. And the only winner in that environment is gold. (source)
If possession is said to be 9/10ths of the law, and he who has the gold makes the rules, what does that tell you about fiat currencies, digital currencies and the balance of global power?
Are you prepared?
Is anyone?
Brace yourself…
2015 is SHTF year. Time is up people. You had better be ready, there is no more time. Good luck to all.
Well my family and I are as prepared as we can reasonably be. We live out in farm and oil country in NE Utah , I own a bit of farmable land and am sent free. I’ve been grabbing some spare cans spare meds basically anything I can get my hands on. This is going to suck so bad for a while , but in the end it will turn out for the better (if any of us survive the fallout)
Good luck to you all
*debt
Damn autocorrect
More control of the media…
Obama to restrict media’s reporting of anti-jihad articles
http://dailycaller.com/2015/01/13/white-house-obama-will-fight-media-to-stop-anti-jihad-articles/
Good day to you KY Mom. Thank you for the newslinks. Cant keep up w/ it all it seems.
But boy just waitll 0bama gets control of the internet.
When Feinstein said that there were sleeper cells in the USSA did she out 0bama or just let folks try and figure that one out>?
Calgagus,
I don’t think they want us to keep up with everything going on. It is like an octopus, with forces working in multiple areas.
I am sure control of the internet is one of the goals.
Since the recent ‘hack’ recently, Obama has announced a renewed push for more laws and CONTROL of the internet.
“You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.”
– Rahm Emanuel
New Obama Push For ‘GOVERNMENT RUN’ Internet
http://www.nationaljournal.com/tech/obama-backs-government-run-internet-20150113
Plans to bypass Congress and have the FCC write some “new regulations”…
WHITE HOUSE: Internet Rules to be Implemented Without Congress…
“The White House on Thursday said legislation was not necessary to settle so-called “net neutrality” rules because the Federal Communications Commission had the authority to write them.”
http://www.reuters.com/article/2015/01/15/us-usa-internet-neutrality-exclusive-idUSKBN0KO2JO20150115
When the dollar is dumped (not if, but when), all that paper is going to find it’s way back to the shores of the USSA.
And when that event occurs (not if, but when), you can be thankful you had the foresight to stuffed #10 cans with toilet paper.
Bunsen burners come in handy.
They are also a barterable item.
Think garage sale economics.
YMWW: You must be the bastard child of Rummy Jim Willie. You must mean the “euro”. The dollar is KING!!! USA!!! USA!!! USA!!!
KING DOLLAR!!! 🙂
In mid-November when gold was below $1200 an ounce, someone here said that when SHTF, gold would go to $3500 an oz. He also said, YEARS ago, that SHTF would happen in 2015. Who was that masked man?
Its in the archives folks. 😉
They could defend themselves from a flood of currency by issuing new currency to stop the cash and stopping international transactions. The result would be a stoppage of goods made overseas. Foreign holders of dollars would be left, “Holding the bag”.
If the USD remains the worlds reserve currency with its flagrant mismanagement it will be the most successful scam in history. One nation through its military dominance being able to create “wealth” out of thin air and continually dilute its worth and having it accepted into infinity (or thereabouts) is equivalent to the alchemists dream of turning iron into gold. Its even better because regardless of its supply it retains a worth.
I can’t imagine this ending well. Then again I never thought it could be maintained this long.
Gold-backed yuan? No way, that would undermine the Party. As part of a power play on the international scene? Definitely. Ditto Russia.
Ft Knox is a black box, if there was nothing to hide, we’d see an audit.
Calgagus, I think the most dangerous sleeper cells here are the hidden communists in the senate, the House, the courts, and the oval office. Not to mention the entrenched cells within the federal beaurocracy.
All the above are controlled by the Zionist Banker Cartels which, as Jesus told them, are doing the works of their Father Satan.
Ole “Tailgunner” Joe McCarthy was right all along!
Time to round them all up and hang them on the white house lawn.
Same shit, new day.
“Fort Knox’s gold is now an asset on the Federal Reserve’s balance sheet, not a key part of our monetary system.”
The Gold in Ft Know if any, belongs to the American People, not the FEDERAL RESERVE. If it is listed on the FED’s balance sheet, then someone needs to hang for theft and perjury.
Helicopter Ben TESTIFIED before Congress that the FED did not own any gold. 🙂
I believe the gold in Ft Knox was put up for collateral for money “borrowed” from The Federal Reserve. A FRN is backed by, “The Good Faith and Credit” of the United States of America.
“Helicopter Ben TESTIFIED before Congress that the FED did not own any gold.”
I would like to see the exact phraseology that he used. Ownership can have some definitions that would get an attorney to debate for decades. Not that Ben would use such a loophole under questioning. You can own yet not be entitled to legally possess. You can possess and yet not legally own.
Don’t yell at the messenger. I didn’t vote for The Federal Reserve Act. You can bet the “authors” of that legislation got as much out of it that was humanly possible. Lets face it, it was debated with less thoroughness than Obama Care and thats saying something. I wouldn’t doubt if in the fine print it says something about your first Male Born Child.
Depends on what the meaning of is is . . .
Looking for truth in the news like here at SHTFplan, then check out Rick Wiles at: http://www.trunews.com/
My assets are backed by lead.
Gold is definitely a form of security….in any year it is smart to have… We will only see more showdowns like what happened last week in Frankfurt https://www.goldsilverbitcoin.com/?p=5290
Being prepared is 9/10ths of the law, my law —especially when the govt laws are unconstitutional.
Gold and silver are nice. I have a little of both. I am FAR more heavily into steel
brass,lead, and copper.
Unless you have a big yard then it sounds to me that you have lots of paper contracts in these metals and dont own the real deal.
Lead is good as a tool when you need to bargin for food or your life and gold/silver just as the crash gets going or when things return to “We the people” runing things like we should be doing but dont forget medicine and food in your plans.
All part of the de-population genocide plan. The evil monsters have to kill the Zombies off before they can wake up, which at this point is almost impossible. Collapsing the dollar will easily send the brain dead dumbed down chemically altered Zombies into a PURGE movie scenario…..well played evil fascist shit stains, well played indeed…the Zombies will never see it coming.
Much of the “repatriated” and delivered internationally purchased gold (central banks) seems to be being melted down and recast into new bars.
So a 400 ounce bar is melted and a new 400 ounce bar cast.
Wonder why?
I suspect it is to make certain those 400 oz bars are really 400 oz of gold and not, maybe, 200 oz of gold on the outside with 200 oz of tungsten on the inside. A melt would be the only sure fire way to determine this.
I’ve been hearing rumors for years that the gold in our vaults may not really belong to us (just international stored gold being pictured to be shown as our gold) but I’ve always been more suspicious that a good deal of it may be gold covered tungsten that is being substituted to make it look like there is all the gold there that is claimed to be there (the rest having been pilfered over the years by some PTB interests).
Or maybe I’m just getting paranoid as I get older.
Like I said over at Silver Doctors a game of musical chairs is going on & the Swiss sat down first
It is going to be interesting who ends up last & with out a chair
Hell… food of any sort will be used as currency.
Tons of things that never were used for currency will be used as such
toilet paper comes to mind
wait until a roll of toilet paper is worth more than a OZ of gold
Bic lighters. You can buy 100 of them for about $100 federal reserve notes
They will be worth their weight in bullets before long
Tampon shortage in Venezuela and Argentina. Think about it, light weight, easy to store and demand is a given.
And the uses are endless. Blood clotting, water filters and straws (if not previously used) and on and on.
Too many strings attached…
Screw toilet paper…get a garden bug sprayer and stay cleaner…get a black one and it will be solar with warm water…
Enemy, if a roll of toilet paper gets to be worth more than an oz. of gold, a few corn shucks should be worth an oz. of silver.
I don’t got much but looks like for me at this point in the game…trading a lot of my saved up 100 dollar bills for tangible goods, silver, barter items. US dollars being on the bottom of my list of assets. Holding just enough USD for 6 months living expenses.
Wishing you all out there the best.
Thanks to the insight and ability of a few bloggers like you to communicate, “The Great Social Experiment of 1945-2015″ is over.
https://dl.dropboxusercontent.com/u/10640850/Social_Experiment.pdf
Rulers of the East and the West were both losers.
Same shit New Year, but these events don’t lessen the stress on the global economy, in fact we’re bending something that will break if pushed too far.
China must know that they’re not going to get their money back, so what does the mob do when Sam defaults on a loan? Our debt alone is crippling our children and grandchildren already.
We’re like a family with a drunk Dad with a gambling problem who’s taken out to many loans. Get ready, because the whole family is going to suffer.
The scary point here is what’s better than money? Land/dirt/wood/minerals!
So lets get this straight.
Some morning in the near future we’ll wake up and all news broadcasts will be rowelling that the economy has folded, the banks are closed, the dollar is worth nothing, no food in the stores, no gas, no more government, no more IRS, no more NSA, no more EPA, no more social programs, no more Congress, NO MORE OBAMA????
So what the FCK is so bad about this???
This ain’t going to happen, it’d take them a hundred years to bring it back. That is if they aren’t killed on the spot.
If this was allowed to occur there would be pandemonium in the streets everywhere.
This would be so far out of control with no end in sight. I damn sure wouldn’t want to be a politician, banker or anything close to an elite. They’d better get deep and fast.
HAMMER-
If you wake to news like that , the first thing that will be lost will be the constitution.
And the next day we will suddenly have a NEW government and a NEW set of laws , and a tin pot dictator spewing more nonsense about “acting now” to save what we have.
Hope that day never happens.
History tells us…the news will say WW3 has started for your viewing pleasure…
Oh no, there WILL be government. They may not be able to pay their enforcers in dollars, but that is why the government has been stockpiling food. People will do their bidding for the basics needed for survival. It’s amazing just how pliable a man’s convictions become when their child is starving.
Russian women have been entering China illegally for years to prostitute themselves because the economy is so bad in Russia; it has been significantly worse in Russia since this latest crisis. The Chinese citizens on the other hand, have been investing in real property, PM, and zero debt for a number of years. My vote is Russia is much more fragile than China.
DOC-
I agree with the chinese folks,land and PM’s.
I have farmland and try to always have enough silver to cover taxes for at least two years.
If silver goes up , i am set for awhile, i hope.
Only plan i got.
zog amerika: truly has become a predator nation.
When considering what to put away as a hedge against serious shortages there is always one thing that most people never consider: Spices.
Things like basic food staples, toilet paper, tampons, detergent, etc. are certainly good to have but are you really going to be willing to trade them during sparse times and shortages when you may not be able to replace them? Those are the things the government (or U.N., etc) will be supplying on a limited basis to keep the people just short of rebellion so it may be better to store enough for yourself and extend their quantity through the provided but short supplied stuff you find (rationed) in the stores.
But spices, that’s a different story. It’s not well known today, but during a good deal of the middle ages things as simple as pepper often traded ounce for ounce with gold no matter whether during time of famine or abundance.
So maybe the starving masses might not want to trade their food for spice, but the wealthy elite and professional class that gets all it wants -and maybe the gardeners who produce more than they actually need- probably will. Think of having a severe toothache and finding your (rationed) appointment is 6 months, maybe a year, in the future: Think maybe a dentist may be willing to trade some clandestine dental work for some spice? Or a Doctor or such their services?
Small jars of instant coffee are likewise useful far beyond their current value. Smaller sized packaging is better than larger packaging sizes for a number of reasons.
paula
The supermarket grocery stores show the items cost in ounces or other applicable units. One look and a calculator gets one to question why someone is in the illegal marijuana growing business as spices are tremendously expensive.
Hammer—-
If only such occurred, per your scenario!!!
..as if we’d be so lucky!
..more than likely, we’ll wake-up to dead airwaves/internet/closed banks/non-functional credit-debit card readers/cell phone access, zero purchasing transactions (sans cash $$$..for a brief period)..etc..etc…for a set period of time..
..likely in the neighborhood of 24hrs or so, as the E.Os are activated & military (US/UN, maybe?) assets are deployed, at critical infrastructure/economic nodal points.
Meanwhile (per PSY-OPs stressing), ..as public apprehension begins to morph into near panic (monitored via select pre-positioned, secure-comm equipped ABC outfits)..
——————————
Suddenly, the “solution” is presented & backed-up….per the business ends of myriad threatening M-16/MP-5 muzzles…and then some..(think wheeled/tracked-armor & select overhead predator drone CAPs**)…etc.
–**(combat air-patrols)–..
.. w/ video down-linking & MSM talking-head commentary and scrolling text reinforcement headers…crawling across the bottom of our screens…in a permanent loop-feed…to MAKE SURE…WE GET THEIR POINT!!!
…all broadcasts/video-transmissions.. will be scripted & in near real-time w/ a focused slant on intimidating the formally,.. “blissfully grazing herd-animal public”….
..then comes the ‘enemies-of-the-state-listings’…beamed unto every home idiot-box/car radio/workplace flat-screen etc..
..call it, see-something say-something on steroids…w/ benefits, for the rat-finks!
..(i.e.) = supplemental access to food/water/gas/meds & maybe even electrical power…in the future.
..& who knows what else?!?
——————————
At the end of the day, per the above hypothesis..it really boils down to placing “oneself”, in the position of:
..”What would I do..& how would I do it, if I were given the job of destroying LIBERTY & making SLAVES..of my country’s population.”
..whilst herding them into the global-gulag..loosely termed the NWO..for exploitation/usage & eventual elimination..
..per the final end-game profits & glory, unto…
..the “Powers that Be” & their “synagogue-of-Satan
enterprise!!!”
—————————–
Think about it real hard, folks!
Prepping is a natural survivalist instinct..some of us possess it…some don’t.
..and thus it follows, (nowadays) survival ofttimes may pivot on one’s ability to ‘glean pertinent data’, amid a background of useless secular noise & govt/Wall St. lying skullduggery!
—————————–
Pray earnestly & often…for the WISDOM…to discern..the TRUTH!!!!
…then embrace it, support it, defend it…to its triumph/conclusion!
..as there is..NO OTHER WAY OUT!!!!!!!!!!!!!!!!!!!!!!!!
Hunter.
Excellent Post! Now you’re talking.
Embrace the Chaos,
America is treading on thin ice,they been lying to the American people for to long.we the people have been to lazy in trusting our govt and going on with our self obsorbed lives.when war comes to your doorstep we have no one to blame except for ourselves.we have elected re elected corrupt people .and just laughed it off.whos laughing now Russia and china that’s who
Is the financial collapse going to end feminism and Marxism? What about stopping the Canadian government from implementing their pedophile manual called Sex Ed in classes?
Feminists and organized child molestation are two peas in a pod. When a 20 year old male asks a 20 year old female out on a date, he is labelled a pedophile, but when a 45 year old female teacher has sexual relations with a 12 year old student, that is feminist empowerment.
The feminists are right along with the Marxist and pedophile agenda.
LET THE COLLAPSE BEGIN! Many will have their GUNS ready to shoot up these feminists, Marxists and professional pedophiles in self defense!
1776, acording to revelations, feminism will die a sudden death when tribulations/SHTF comes and “7 women will chase one man” because easy times are over and in hard times the women can’t survive without the protection of men. Feminism will be the least of our worries.
This is old news. This looks like an article from about 18 months ago.
The Swiss just last week decoupled the Franc from the Euro so it is an up to date article…..Duh!
In a crisis food & shelter is far more valuable than gold.
It would take quite a period of bad times for the dependent ones to understand and adjust their behavior.
Face it, most americans are fat, lazy, ignorant, and dependent. They will cheer for the dictator if they can just keep cable tv, subsidized crap/food, and hydrocodone. maybe xanax and soma too. Without resetting the majorities entitlement mindset, to say nothing about their weight, there can be no fix for our country.
Fort Knox’s gold is now an asset on the Federal Reserve’s balance sheet Is this true? Thought the gold there was either on hold for other countries or owned by the USA.
They will outlaw gold, citing “historical precedent”.
There is no more gold left at Fort Knox or they would have permitted Congressional Audits months and months and months ago.
Gold is the money of kings……….and central bankers.
Which is why, when the fit truly hits the shan, they will come to confiscate yours. They want it all.
Sell your gold, buy lead. And brass.
Hold and squeeze.
Coach
Herr Merkel: “Hellicopter Ben, have jew seen Germany’s gold? My ass is on the line!”
Ben Bernanke: “Nooope, I haven’t seen any gold. Let me check with Greenspan!
Allan, have jew seen that thar gold that belongs to the Nazis – er, the Germans?”
Allan Greenspan: “Sorry Ben, I’m retired & old! The memory’s fading. If all else fails, just blame that hag, Yellen.”
Ben Bernanke: “Janet, the Germans are asking dangerous questions. Have jew seen their gold?”
Janet Yellen: “No, I haven’t seen any gold! Let me ask Bibi in Tel Aviv!
Bibi, did jew see Germany’s gold?”
Bibi Netanyahu: “Jew know, I think it’s in Rothschild’s vaults somewhere in Europe.”
I think most people know that very little gold is held by the USA and has been used as a deposit for its massive debt and is held off shore in places like Israel.
When Germany says its got its gold back then are they talking about a paper certificate or the physical and would the politicans be telling us the truth.
We will only get the truth when the tide goes out and we will then see who is swimming without waering any pants but if China/Russia is buying all the physical over the past ten years then how come Zero Hedge is so keen to supply me some more today at such a very good price.
Yes i know they play with numbers but I am not taking delivery of numbers so whats the deal.
Mac Salvo wrote a great article here. I was surprised the Dutch got all their gold back from NYC when they asked for it. Then I realized it was the Dutch who built New York City way back in the day. I think they still hold special secret power over a lot of things. The Dutch are smart. They hold much power but keep things very quiet.
Mmm, gold is so shiny and nice.I just love to wear jewelry made from gold!! I don’t really think about it as an investment rather just as ornamental.