Here is a slap in the face if you need one I really don't mind
as always better to be early than 1 second late
From a man I admire
Mike Maloney
What Silver and Gold Prices Tell Us About Depression To Come
Jun262013
Many are wondering just what has happened to paper gold prices over recent months. We will look at the factors in play, and what this means for markets moving forward.
Simply, this fall looks like a nightmare from a planner and banker point of view. We detailed many of the inbound super-cells with Jim Rogers in 2013 to be bad, 2014 God Only Knows. In brief:
But this isn’t the first official warning of tough times ahead, only the most recent.
Goldman Sachs, and the Bank of International Settlements (BIS) have both recently warned (in each of the past two weeks), of coming trouble.
All that will matter is how many ounces you have prior to that date, because when the system is reset, as nature’s mathematics overcomes the banker’s will, most liabilities to financial institutions (banks, brokers, pensions) will not be spared (yes, anything you give to these institutions is a liability to them; you are their creditor—good luck).”
Simply, this fall looks like a nightmare from a planner and banker point of view. We detailed many of the inbound super-cells with Jim Rogers in 2013 to be bad, 2014 God Only Knows. In brief:
-- U.S. debt ceiling debate to be hiked, and the persistent deficit, discussed
-- Market Turmoil/Crisis excuse to be reused by “bad cop” politicians authorizing more debt issuance
-- Europe can be honest with worsening depression after German elections
-- German Constitutional Court to rule on legality of forcing Germans to bailout EZ
-- China to detail their plan for yuan internationalization
Now, coming in today from JP Morgan we learn that in Europe, “a series of cumulative pressures, look a lot like the proverbial straws on the camel’s back.”But this isn’t the first official warning of tough times ahead, only the most recent.
Goldman Sachs, and the Bank of International Settlements (BIS) have both recently warned (in each of the past two weeks), of coming trouble.
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All that will matter is how many ounces you have prior to that date, because when the system is reset, as nature’s mathematics overcomes the banker’s will, most liabilities to financial institutions (banks, brokers, pensions) will not be spared (yes, anything you give to these institutions is a liability to them; you are their creditor—good luck).”
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