Tag Archives: silver

YOU are the Terrorist your President warned you about

Report: Federal Agents Demand Customer Lists From Food Storage Facility

Mac Slavo


“Just because I’m paranoid doesn’t mean they’re not out to get me.”

-Unknown

You may recall that the FBI, Department of Homeland Security and local law enforcement have regularly issued bulletins regarding domestic terrorist related activities that include suspicious purchasing habits to look for and how to recognize the 8 signs of terrorism. Federal training programs held for police departments across the country detail specific habits and characteristics of potential domestic terrorists including everything from homeschooling, leaning towards libertarian political philosophies, and holding strong religious views, to reading survivalist literature. It’s no secret that the government has been attempting to keep tabs on Americans who are acting outside of the status quo, warning those in the mainstream that any deviation in “normal” behavior should be construed as suspect and potentially dangerous – even your best pal could be a terrorist if he begins acting counter to his usual behavior.

The latest government effort to identify would-be terrorists and persons-of-interest comes to us from Tennessee, where federal agents have taken the need to acquire actionable intelligence to a whole new level. They are, by all accounts, no longer just sitting back and waiting for business owners like surplus store owners or the general public to provide them with suspicious activity reports, but rather, are taking matters into their own hands.

Oath Keepers has learned that federal agents recently visited a Later Day Saints (Mormon) Church food storage cannery in Tennessee, demanding customer lists, wanting to know the identity of Americans who are purchasing food storage from the Mormons.

This incident was confirmed, in person, by Oath Keepers Tennessee Chapter President, Rand Cardwell. Here is Rand’s report:

“A fellow veteran contacted me concerning a new and disturbing development. He had been utilizing a Mormon cannery near his home to purchase bulk food supplies. The man that manages the facility related to him that federal agents had visited the facility and demanded a list of individuals that had been purchasing bulk food. The manager informed the agents that the facility kept no such records and that all transactions were conducted on a cash-and-carry basis. The agents pressed for any record of personal checks, credit card transactions, etc., but the manager could provide no such record. The agents appeared to become very agitated and after several minutes of questioning finally left with no information. I contacted the manager and personally confirmed this information.”

“So on the one hand, government agencies both state and federal are urging you to be prepared and even checking up on you to see how prepared you are, and on the other hand, we now have federal agencies that are attempting to gather information on individuals that are following FEMA suggestions. What is the reasoning behind gathering this information? Are American citizens now being ‘listed’ by DHS if they are simply following FEMA guidance and purchasing bulk food and emergency supplies for their families? It appears as so.”

So why do federal agents want to know who is storing away long-term food storage? We suspect it is for the following reasons:

1. DHS/FEMA wants to know which Americans have food storage so the federal government can at some future point confiscate that food. Just as with lists of gun owners, compiling such lists is the first step toward future confiscation.

2. DHS wants to identify those Americans who are “switched on” and squared away enough to actually store food for coming hard times (such as during an economic collapse). That population of awake, aware, and prepared Americans poses a “threat” to whatever DHS and its masters have in store for the American people, and as Joseph Stalin so ably demonstrated, one of the easiest ways to subjugate defiant people is to confiscate their food and starve them into submission.

Clearly, in light of the above, if you purchase food storage, along with any other preparedness items, you should be concerned about those purchases being tracked and your name winding up on some government list. But don’t let that stop you from storing food and other essential supplies, and don’t let this disturbing incident keep you from using your local Mormon cannery to do so. You need to get prepared. But do it while following the advice of James Wesley, Rawles over at www.survivalblog.com, who repeatedly urges his readers to “think OPSEC!” – if at all possible, buy with cash and pick it up in person, just like the customers of this particular cannery did, which left the “agitated” agents empty handed and frustrated.

Source:
Oath Keepers (via a report by Oathkeepers Founder Stewart Rhodes)

If this report is accurate – and we have no reason to believe it’s not – then not only is government intrusion into the private and lawful activities of American citizens reaching unprecedented levels, but every individual who has ever taken the time to acquire bulk foods and supplies or even discuss preparedness related information on an internet message board is now a person-of-interest.

For many it may be impossible to “get off the grid,” and with so many nodes in the modern day police state there is a paper or digital trail for almost everything. As recommended by Oathkeepers’ Stewart Rhodes, while you may not be able to keep all of your personal activities private (highly ironic considering the principles on which this country was founded), you may be able to minimize your foot print:
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ACTION ITEM
Assume everything you do is monitored and archived. Everything. Which means, chances are, you’ve already left a Sasquatch footprint in a Fusion center somewhere.

Use cash whenever possible. This is not always feasible, but is good practice, especially when buying hundreds of pounds of food at one time. You can also try temporary credit cards (available at your local grocery store or gas station) but even these provide only a thin level of security.

Don’t readily identify yourself as a preparedness minded individual

Be aware that when you say or do something, someone else may see something and report it

If you have like minded family and/or friends then make an effort to diversify your assets. Don’t keep all of your food and other supplies in any one location. Confiscation, as we saw in the aftermath of New Orleans, is the reality when martial law has been declared. If you are engaging in any of the “suspicious” activities and behaviors highlighted in this article, then you should assume that you will be targeted by agents of whatever authority is charged with protecting residents in a disaster or emergency area.

Consider preemptive contingency planning for the possibility of confiscation now. Obviously, someone is trying to get their hands on lists of names, and you must assume you’re on that list (regardless of how careful you think you’ve been). If they come, they will come at exactly the moment that you have nothing to spare. Designate one or two people to acquire goods, while others store those goods at your retreat or bug out locations. While not foolproof, this strategy may provide some level of protection.

Always have backups for your backups. Get a shovel, dig a hole. Store at least 60 – 90 days of emergency food and other supplies (you know which ones) in a location that is known only by you and your closest and must trusted family/friend(s). Also remember, as a prepper, you can never have enough holes dug (take that literally or figuratively)

You can call it paranoia. But it’s becoming increasingly clear that you’re justified in your thinking – and you’re not alone.

SOURCE

These States Will Suffer the Most in the Event of an EU Collapse

These States Will Suffer the Most in the Event of an EU Collapse
by Becket Adams

Some analysts believe that a collapse of the EU will have a calamitous effect on the U.S. economy. But exactly how will that play out, that is, who will get hit the hardest?

Although every state would feel the effects of a possible EU collapse, as a halt of billions of dollars in exports to the EU could prove to be disastrous, analysts believe there are some states in particular that will bear the brunt of the burden.

As it turns out, Utah, South Carolina, Indiana, Alabama, Washington state, and West Virginia, all relying heavily on exported commodities, will most likely suffer the worst, according to a new study by Wells Fargo Securities.

“We don‘t think it’s enough to pull us into recession, but exports have been one of the lone bright spots in our economy,”
said Mark Vitner, senior economist at Wells Fargo Securities who co-authored the report.

In Utah, which has an economy that relies on selling gold and silver produced in nearby states, European exports comprise 46 percent of all exports and 5.6 percent of the state’s economic output, according to the Wells Fargo report, writes the Post.

Or consider the case of South Carolina, an automobile manufacturing hub, where European exports make up 4.1 percent of the economy.

West Virginia’s economy is closely tied to the coal industry. Exports to Europe make up nearly 4 percent of the state’s GDP. So as Europe’s economy sinks, so too — the argument goes — will West Virginia’s GDP, reports the Global Post

Eight of the U.S.’s top 30 trade partners, according to the Department of Commerce, are European countries. However, some remain optimistic and maintain that a lower demand for exports would not necessarily plunge the U.S. deeper into recession, since exports account for just 11 percent of the U.S. economy, according to the World Bank.

“Slow growth in Europe has already restrained U.S. economic growth,” said Vitner, according to the Huffington Post. “U.S. economic growth would have been 2.5 percent in 2012 — in contrast to Wells Fargo’s current prediction of 2.1 percent — if the European economy was growing at a healthy pace.”

Although an absence of exported goods due to a collapse of the EU could prove harmful to the U.S. (and some states in particular), just think about the economic fallout for the banks.

In the word’s of Harvard historian, and as reported earlier on The Blaze, Niall Ferguson writes:

Europe’s problem is not just that governments are overborrowed. There are an unknown number of European banks that are effectively insolvent if their holdings of government bonds are “marked to market”—in other words, valued at their current rock-bottom market prices.

Because of the existence of our present global economy, some U.S. financial institutions will naturally be affected by the euro banks collapsing.

Consider the fact that some of the biggest U.S. banks have some sort of “exposure” to euro bonds and banks. If the euro banks become “effectively insolvent,” this will affect the U.S. banks that have investments in those bonds.

To put it plainly, things are not looking good.

SOURCE

Wikileaks Discloses The Reason(s) Behind China’s Shadow Gold Buying Spree

Wikileaks Discloses The Reason(s) Behind China’s Shadow Gold Buying Spree

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Zero Hedge

Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar’s reserve status. Putting that into dollar terms is, therefore, impractical at best, and illogical at worst.

We have a suspicion that the following cable from the US embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24 karat pool. The only thing that matters from China’s perspective is that “suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar’s role as the international reserve currency. China’s increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB.” Now, what would happen if mutual and pension funds finally comprehend they are massively underinvested in the one asset which China is without a trace of doubt massively accumulating behind the scenes is nothing short of a worldwide scramble, not so much for paper, but every last ounce of physical gold…

From Wikileaks:

3. CHINA’S GOLD RESERVES

“China increases its gold reserves in order to kill two birds with one stone”

“The China Radio International sponsored newspaper World News Journal (Shijie Xinwenbao)(04/28): “According to China’s National Foreign Exchanges Administration China ‘s gold reserves have recently increased. Currently, the majority of its gold reserves have been located in the U.S. and European countries. The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold’s function as an international reserve currency. They don’t want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar’s role as the international reserve currency. China’s increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB.”

Perhaps now is a good time to remind readers what will happen if and when America’s always behind the curve mutual and pension fund managers finally comprehend that they are massively underinvested in the one best performing asset class.

From The Driver for Gold You’re Not Watching (via Casey Research)

You already know the basic reasons for owning gold – currency protection, inflation hedge, store of value, calamity insurance – many of which are becoming clichés even in mainstream articles. Throw in the supply and demand imbalance, and you’ve got the basic arguments for why one should hold gold for the foreseeable future.

All of these factors remain very bullish, in spite of gold’s 450% rise over the past 10 years. No, it’s not too late to buy, especially if you don’t own a meaningful amount; and yes, I’m convinced the price is headed much higher, regardless of the corrections we’ll inevitably see. Each of the aforementioned catalysts will force gold’s price higher and higher in the years ahead, especially the currency issues.

But there’s another driver of the price that escapes many gold watchers and certainly the mainstream media. And I’m convinced that once this sleeping giant wakes, it could ignite the gold market like nothing we’ve ever seen.

The fund management industry handles the bulk of the world’s wealth. These institutions include insurance companies, hedge funds, mutual funds, sovereign wealth funds, etc. But the elephant in the room is pension funds. These are institutions that provide retirement income, both public and private.

Global pension assets are estimated to be – drum roll, please – $31.1 trillion. No, that is not a misprint. It is more than twice the size of last year’s GDP in the U.S. ($14.7 trillion).

We know a few hedge fund managers have invested in gold, like John Paulson, David Einhorn, Jean-Marie Eveillard. There are close to twenty mutual funds devoted to gold and precious metals. Lots of gold and silver bugs have been buying.

So, what about pension funds?

According to estimates by Shayne McGuire in his new book, Hard Money; Taking Gold to a Higher Investment Level, the typical pension fund holds about 0.15% of its assets in gold. He estimates another 0.15% is devoted to gold mining stocks, giving us a total of 0.30% – that is, less than one third of one percent of assets committed to the gold sector.

Shayne is head of global research at the Teacher Retirement System of Texas. He bases his estimate on the fact that commodities represent about 3% of the total assets in the average pension fund. And of that 3%, about 5% is devoted to gold. It is, by any account, a negligible portion of a fund’s asset allocation.

Now here’s the fun part. Let’s say fund managers as a group realize that bonds, equities, and real estate have become poor or risky investments and so decide to increase their allocation to the gold market. If they doubled their exposure to gold and gold stocks – which would still represent only 0.6% of their total assets – it would amount to $93.3 billion in new purchases.

How much is that? The assets of GLD total $55.2 billion, so this amount of money is 1.7 times bigger than the largest gold ETF. SLV, the largest silver ETF, has net assets of $9.3 billion, a mere one-tenth of that extra allocation.

The market cap of the entire sector of gold stocks (producers only) is about $234 billion. The gold industry would see a 40% increase in new money to the sector. Its market cap would double if pension institutions allocated just 1.2% of their assets to it.

But what if currency issues spiral out of control? What if bonds wither and die? What if real estate takes ten years to recover? What if inflation becomes a rabid dog like it has every other time in history when governments have diluted their currency to this degree? If these funds allocate just 5% of their assets to gold – which would amount to $1.5 trillion – it would overwhelm the system and rocket prices skyward.

And let’s not forget that this is only one class of institution. Insurance companies have about $18.7 trillion in assets. Hedge funds manage approximately $1.7 trillion. Sovereign wealth funds control $3.8 trillion. Then there are mutual funds, ETFs, private equity funds, and private wealth funds. Throw in millions of retail investors like you and me and Joe Sixpack and Jiao Sixpack, and we’re looking in the rear view mirror at $100 trillion.

I don’t know if pension funds will devote that much money to this sector or not. What I do know is that sovereign debt risks are far from over, the U.S. dollar and other currencies will lose considerably more value against gold, interest rates will most certainly rise in the years ahead, and inflation is just getting started. These forces are in place and building, and if there’s a paradigm shift in how these managers view gold, look out!

I thought of titling this piece, “Why $5,000 Gold May Be Too Low.” Because once fund managers enter the gold market in mass, this tiny sector will light on fire with blazing speed.

SOURCE

Why Investors Are Buying Silver As If There Is No Tomorrow

Why Investors Are Buying Silver As If There Is No Tomorrow

The American Dream
April 23, 2011

The price of silver has been absolutely exploding lately. It has reached heights not seen since the Hunt Brothers attempted to corner the silver market over three decades ago. But this time there are no Hunt Brothers to blame for the stunning rise in the price of silver. So exactly why are investors buying silver as if there is no tomorrow right now? Well, the truth is that there are a lot of reasons. Investors have been flocking to precious metals such as gold and silver as the value of paper currencies has declined. The euro is incredibly weak right now and the U.S. dollar appears to be on the verge of a major collapse. In fact, the entire financial system is highly unstable right now. In such an environment, investors seek some place safe to park their money, and right now gold and silver are seen as safe harbors. But gold and silver have not been going up in price at the same pace. So why is silver outperforming gold so significantly?

The price of silver has increased by more than 150% over the past 12 months. But the price of gold has only gone up about 30%.

If you invested $100 in the S&P 500 ten years ago it would be worth about $107.48 today.

If you invested $100 in gold ten years ago it would be worth about $569 today.

If you invested $100 in silver ten years ago it would be worth about $1037 today.

Clearly something is going on with silver.

Many people are convinced that this is part of a correction that is long overdue. Geologists tell us that there is approximately 17.5 times as much silver in the crust of the earth as there is gold. But today the price of an ounce of gold is about 30 times higher than the price of an ounce of silver.

That would seem to indicate that the price of silver still has a lot of room to grow relative to the price of gold.

In addition, silver is a key industrial commodity and it is constantly being used up. Today, silver is used in a vast array of products and medicines. The following is an excerpt from an official U.S. government report that describes just some of the ways silver is used in society today….

Silver’s traditional use categories include coins and medals, industrial applications, jewelry and silverware, and photography. The physical properties of silver include ductility, electrical conductivity, malleability, and reflectivity. The demand for silver in industrial applications continues to increase and includes use of silver in bandages for wound care, batteries, brazing and soldering, in catalytic converters in automobiles, in cell phone covers to reduce the spread of bacteria, in clothing to minimize odor, electronics and circuit boards, electroplating, hardening bearings, inks, mirrors, solar cells, water purification, and wood treatment to resist mold. Silver was used for miniature antennas in Radio Frequency Identification Devices (RFIDs) that were used in casino chips, freeway toll transponders, gasoline speed purchase devices, passports, and on packages to keep track of inventory shipments. Mercury and silver, the main components of dental amalgam, are biocides and their use in amalgam inhibits recurrent decay.

Estimates vary, but many experts are now projecting that at current consumption rates we will run out of silver at some point during this century.

A d v e r t i s e m e n t

On the other hand, we are not facing a similar problem with gold. Gold, because it has traditionally been so expensive, is not used in many products at all. The total amount of gold on earth just continues to increase each year.

Silver is also considered to be a lot more accessible for smaller investors. Not many average Americans can afford to do much investing in gold because it is so expensive. But just about anyone can afford a few ounces of silver.

As investors around the globe have watched the Federal Reserve create endless amounts of money and as they have watched the U.S. government borrow endless amounts of money the hunger for precious metals has grown.

The following is what John Browne had to say about the current situation in a recent commentary….

Today, with the Federal Reserve treating the greenback as a never ending lottery ticket for deficit spending politicians, many investors feel the U.S. dollar is good for nothing. As a result there is an increasing international pressure to remove the U.S. dollar’s reserve status. Given that there is no widely accepted alternative to the dollar (the euro has many problems of its own), this is creating fears of an international currency crisis, which has fueled interest in precious metals.

As the U.S. dollar and other paper currencies continue to decline, the demand for precious metals such as gold and silver is only going to increase.

Most investors are not stupid. They know that the European debt crisis is approaching a meltdown. They know that U.S. government debt is not sustainable. They know that all of the paper currencies around the world that are backed by nothing will continue to decline in value just like they always have. All of the major central banks have been recklessly printing money. In such an environment it only makes sense to put your wealth into hard assets.

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But there is another layer to all of this. Many now view investing in precious metals as a way to rebel against the Federal Reserve and other central banks. All over the globe people are waking up to how unjust the banking system is. Since central banks such as the Federal Reserve are almost completely unaccountable politically, many individuals have sought other ways to protest the system. Getting out of “Federal Reserve Notes” and into precious metals is one small way to do that.

In any event, what is clear is that the price of silver is likely to continue to go up over the long-term. Silver is used in thousands of products and we are slowly running out of it. Meanwhile, the central banks of the world are absolutely flooding the globe with paper currency. What all of that adds up to is a much higher price for silver.

http://www.infowars.com/why-investors-are-buying-silver-as-if-there-is-no-tomorrow/

$50 Silver — The Price Point of Liberty

Tuesday, April 19, 2011
$50 Silver — The Price Point of Liberty

Jack Mullen
Activist Post

$50 dollar silver is the first sign of blue sky after a devastating storm. It’s the morning-after sunshine bringing people out of hiding and together again for the process of rebuilding with the promise of a new start.

For more than 100 years the United States has been at the center of a war being waged around the clock by a cult-of-evil clawing and biting like a rabid dog at the heart of civilization. It has been an epic struggle of an outnumbered, outgunned regiment of courageous defenders of human individuality, dignity, and liberty against a tyranny intent on the enslavement of humanity. It has been a bloody war, a costly war, and even now the battles continue. But the tide is turning, finally, toward the side of good.

This war has been in stealth with the cult-of-evil creating a fictional world created to smother humanity. For years this war has involved the creation of a pretended reality that renders lies for all standards of measure of a free society. This fictional reality has reached proportions of a bubble, not unlike the tulip bubble of 1637 — I would call this bubble, a bubble-of-pretension. Recently, like all bubbles, the bubble-of-pretension has begun to grow exponentially; hiding reality behind a manufactured one, including a manufactured history of the world. This process is not sustainable and will soon face the limits of nature (the true reality).

For the most part, the criminal class has had success hiding reality from a conned, drugged, and dumbed-down public, especially in the early stages of the bubble-of-pretension. But I think we have reached a bifurcation point; the point when the matrix of pretension, consuming enormous and ever-growing quantities of energy to maintain the escalating lies, starts to falter. Cracks appear and the engine of deception coughs and gasps for more. It’s the moment when Caligula realizes men with swords cannot defeat the sea, or when a parliament of thieves cannot steal another ounce of gold.

That point is here today, and I think the signs are clear: gold is approaching $1500 and, more importantly, silver is about to smash through the most protected price in history — $50 per ounce.

I think it bears repeating, $50 silver is the most protected price in recorded history; it is a price that’s cost trillions upon trillions of dollars, and millions of lives and untold millions in misery to defend. $50 silver has been defended with all the energy and manpower the cult-of-evil can muster. The war is not over, but momentum is on the side of humanity toward breaking through a key barrier. After $50 there’s no more resistance — silver will break free and rise quickly to crush the banking system — the energy and life blood of the enemy. Beyond $50 silver, the dollar and the banking system will collapse exponentially. How will JP Morgan buy off silver holders with stock worth less than the price of silver? George Soros and the BRIC nations are already aware that dollar hegemony is cracking and $50 silver is the stake in the heart of the beast.

For those of us who understand how much wasted and destroyed wealth has been employed suppressing the price of silver, while the purchasing power of the fiat currency in which it is priced steady declines, $50 silver is monumental. This is the day the bubble-in-pretension bursts and humanity can escape the clutches of the private banking cartel and their Federal Reserve.

$50 dollar silver is easily $160 dollars short of its inflation adjusted value since, the mid-nineteen seventies when silver last rose against tyranny. The difference between $210 (an estimate of silver’s inflation adjusted price) and $50 seems very little, but that $160 has cost the loss of the world’s reserve currency, the fleecing of two-plus generations of Americans and peoples worldwide.

Hiding the worthlessness of fiat money through metals price suppression has in a way been responsible for WWI, WWII , the massive loss of lives in Russia, China, and Germany to psychopathic dictators. That $160 was responsible for the Vietnam war, the death of Kennedy, the Iraq I and Iraq II wars, the War on Drugs and the Afghan and now Libyan wars. We could go on and say that $160 has cost the lives of all those Americans in the World Trade Centers during 9-11 and the incredible loss of lives to our criminal monopoly controlled health and food industries. We might even get verbose and mention the deaths caused by fluoride poison in the drinking water and the weight gain and cancers caused by our ‘diet’ supplements such as Aspartame.

We will protect your privacy…guaranteed!

While silver sits below $50 the world has suffered trillions and trillions of wealth stolen for false flag wars and then more wealth destroyed in those wars. Trillions of dollars that could have been used to pry off the yoke of psychopaths creating monopolies which have destroyed a free market that is the engine of quality human life. The pharmaceutical industry sells lies of health, the medical services industry sells lies of treatment, the food industry sells lies of nutrition, the military-industrial complex sells lies of safety and protection, the prison-police industries sell lies of safety and peace, law and justice sells lies of righteousness, In short, these monopolies lie in the pursuit of total domination and the suppression of reality.

But the price of lies and monopoly is the inevitable depletion of the available resources — be it manpower, money, or the human spirit. As the peak of pretension is reached, and the bubble-of-pretension begins to burst, those of us who are awake must make plans to take charge of the collapse and work to be sure the evil puffed up in the bubble is burst into oblivion.

We don’t need a majority of the humans that have been deceived to wake up and join the cause. We only need those of us that are awake to step in and organize the collapse.

It is in the United States where most of the wealth stolen for pacification has been deployed, because the United States is the only nation on earth with a large armed populace. Not only large and armed, but with a history of documentation and research showing why guns in the hands of people (not guns in the hands of military or militia or police or PERSONS or CITIZENS ) is the ONLY way for men, women, and children to protect themselves against the onslaught of a cunning and relentless tyranny. It is in America that a small group of awakened humans can take back their freedom and again provide a secure home for liberty.

Toward Liberty

Oppose gun control at all costs — no freedom or liberty can be protected without the threat of weapons as a last resort.
Withdraw your support for the banking system by removing your money and buying physical silver and gold for later use as currency.
Use cash or barter for all transactions to reduce the flow of money through banks, further weakening the already failing banks.
Infiltrate your local governments by running for office.
Use the power of local press to remove corruption by writing letters to the editor.
Take back our schools — homeschool your children. It should only take a generation or two of homeschooled children to move back into the mainstream world as leaders and members of government.
Do not depend on the United States federal government for any help — the states are the answer.
If your state does not support the right to own guns, move. Vote with your feet, do not any longer support evil with your tax dollars. Look for states with nullification laws in the works; these states need our support.
Take action against intrusion on your liberties, bring lawsuits against fraudulent banking, TSA assault, criminal foreclosures, and file claims against sources of health degradation — we need a call to action for class action lawsuits.

More Ways to Stop the Evil

Media: buy radio stations (many are cheap, then use them to get the message out), take back our newspapers and television stations from the elite mega corporations. Write blogs.
Talk to your children every day about what is happening to them, and what has to happen before it will change.
Be on the alert for lies — critique movies for the hidden messages of the enslavers.
Get off the power grid with solar and wind generators. The power grid is a great controller — if you misbehave, or if you need to be taught a lesson, out go the lights.
Lastly take charge of your health and your families health. The medical-pharmaceutical-insurance industry in the United States is not about health, they are not outcome based. The ‘pharma-med-insurance’ model of business is theft through monopoly, and wealth through growth of services. Cures are not a way to health, the key to health is disease prevention. Be proactive — eat organic whole foods with non-GMO contents, grow your own foods, eat less. Supplement the loss of nutrition in foods with high quality natural supplements. Read about nutrition and healthy lifestyles and then shrug off your M.D., stop taking pharmaceutical poisons, decline unnecessary tests. Stand up to the system that is fleecing your health. And definitely filter your water and buy radiation detection equipment (and complain when the media lies about radiation).

With $50 silver signaling the beginning of the end of the banking system, it becomes imperative that we prepare for the final confrontation. It is here that we sink or swim. Time to practice swimming!

Jack Mullen has been a businessman for more than 25 years, owning 3 radio stations, several technology based companies and a resource development company.

http://www.activistpost.com/2011/04/50-silver-price-point-of-liberty.html

Gold, Silver And Oil Are All Skyrocketing And That Is Bad News For The U.S. Economy

Gold, Silver And Oil Are All Skyrocketing And That Is Bad News For The U.S. Economy


The following is one statement that you should get used to seeing: “The price of gold set another record today.” Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price of oil is also continuing to relentlessly march upwards. At last check U.S. oil was at about $108 a barrel. All of this is great news for those that are investing in gold, silver and oil, but all of this is also really bad news for the U.S. economy. Why? Well, because when these commodities go up in price it is a sign that the U.S. dollar is dying and that our country is getting closer to economic collapse.

Traditionally, there has been an inverse correlation between the price of gold and the value of the U.S. dollar. Usually when the U.S. dollar goes down, the price of gold goes up.

One of the main reasons why gold has been so strong over the past year is because the U.S. dollar has been rapidly losing value.

So why is the U.S. dollar declining?

Most economists point to all of the quantitative easing that the Federal Reserve has been doing.

So exactly what is quantitative easing?

Well, it is basically like playing Monopoly with someone that reaches under the table and pulls out a bunch of extra money when they are almost broke.

The Federal Reserve has been creating huge amounts of money out of thin air and has been pumping it into the financial system. It is essentially cheating, and it is highly inflationary. The rest of the world has not been amused.

But quantitative easing is not the only issue.

The truth is that whenever the U.S. government goes into more debt, more money is created. The U.S. has been running trillion dollar deficits for several years now, and this has created a lot of new money.

This is another reason why it is so important to get the U.S. government debt situation under control. The Obama administration is projecting that the budget deficit for this fiscal year will be about 1.6 trillion dollars. This is highly inflationary and it will continue to destroy the value of the dollar.

In addition, the rest of the world is beginning to have serious doubts about the sustainability of U.S. government debt. They are starting to lose faith in the U.S. dollar and in U.S. Treasuries.

In fact, investors are losing faith in paper currencies all over the globe. The euro is on the verge of a massive crisis. On Tuesday, Moody’s downgraded Portuguese government debt for the second time in a month. Portugal needs a bailout, but they are far from alone. A half dozen European nations are experiencing a financial meltdown and the European debt crisis could spiral out of control at any moment.

Because of all of this financial instability, investors have been seeking some place safe to put their money.

For many investors, precious metals and commodities have been the answer.

In fact, silver has been doing even better than gold lately. On Wednesday, silver set a new 31-year high for the third day in a row.

People are even starting to talk about the possibility of $50 silver. Most analysts would have considered such talk complete nonsense a year ago.

But now nobody is laughing.

The price of oil is also soaring. Some of that is due to inflation, but not all of it. The truth is that when it comes to oil there are other factors at play.

Unfortunately, a high price for oil is far more damaging to the U.S. economy than a high price for gold is.

The U.S. economy has been designed to use massive amounts of cheap oil to transport massive quantities of goods over vast distances. When the price of oil goes to $100 or $150 a barrel, it fundamentally changes the dynamics of our economic system.

Nobody has ever been able to prove that the U.S. economy can successfully handle a price for oil over $100 for an extended period of time.

Do you remember what happened back in 2008? The price of oil hit a record high in June and then the entire financial system came unglued just a few months later.

The price of oil affects the price of almost everything else. Almost all forms of economic activity use energy. Almost all goods have to be transported a significant distance.

When the price of oil goes too high, some types of economic activity simply become unprofitable. If the price of oil stays this high from now on, there are many businesses across America that will be forced to close.

A high price for oil is also going to hit U.S. consumers really hard. According to AAA, the average price of a gallon of gasoline in the United States is now $3.70.

Many are convinced that the average price of gasoline is going to shatter the all-time record of $4.11 that was set back in July 2008.

So how much did a gallon of gas cost a year ago?

One year ago the average price of a gallon of gasoline was just $2.83.

Over the past 12 months the average price of gasoline has gone up about 30%.

So has your paycheck gone up by 30% over that time?

The truth is that wages have been very stagnant in the United States for a long, long time.

That means that U.S. household budgets are being increasingly stretched. People have to fill up their cars so that they can get to work or to school. Americans can cut back on pleasure driving to save money, but most of the driving that all of us do is to get to places that we have to be.

So if gas costs more that means that consumers are going to have less to spend other places. Consumer spending accounts for approximately 70 percent of the U.S. economy, so any slowdown in U.S. consumer spending would be extremely significant.

Already a substantial percentage of the American people are feeling quite stressed about gas prices.

According to a recent Associated Press-GfK poll, approximately two-thirds of the American people believe that rising gasoline prices will cause significant hardship for their families over the next six months.

We are heading for some really difficult economic times. As I wrote about recently, this economy has millions of Americans feeling depressed, but that is not the appropriate response.

Rather, once we understand how bad our economic problems are we should feel empowered because then we can start focusing on real solutions.

And somebody really needs to start focusing on solutions because panic is starting to abound. Many top corporate insiders are selling off stock like there is no tomorrow. The biggest bond fund in the world, PIMCO, has been getting rid of all of their U.S. Treasuries. When Wall Street big shots start freaking out you know that the hour is late.

It certainly doesn’t help that the Middle East is in a state of chaos and that the Japanese economy is falling apart as a result of the recent disasters.

In these uncertain times investors are seeking something safe. They are turning to real “global currencies” such as gold, silver and oil. Paper currencies are rapidly losing favor and rampant inflation is on the horizon.

So where do all of you think that gold, silver and oil are going? Feel free to leave a comment with your opinion below….

http://theeconomiccollapseblog.com/archives/gold-silver-and-oil-are-all-skyrocketing-and-that-is-bad-news-for-the-u-s-economy

Ron Paul: Gold, Commodity Prices “Big Event” Signaling Economic Collapse

Ron Paul: Gold, Commodity Prices “Big Event” Signaling Economic Collapse

Kurt Nimmo
Infowars.com
April 6, 2011

Skyrocketing gold, silver, oil and other commodity prices, a brazen attempt by the Federal Reserve to monetize a staggering and deleterious debt, a precipitously falling dollar, creeping inflation – these are elements of a “big event,” Ron Paul told Alex Jones on Tuesday.

It’s huge, and it has started,” Paul said, and it may be identified as such within 30 days. “I believe it is the beginning… you and others have been talking about commodity prices going up.” The Texas Congressman noted that even the former boss of the Federal Reserve, Alan Greenspan, has warned about out of control inflation.

“A necessary condition for long-term unemployment is low inflation,” Greenspan said recently. “If the Fed does its job and stabilizes the inflation rate, that’s the maximum that the central bank can do.

Greenspan failed to mention the fact that when the Federal Reserve prints a new fresh new batch of fiat paper money, it unleashes a devastating round of inflation. Quantitative Easing initiated by the Fed is just that – cranking up the printing machines. It created $600 billion out of thin air to purchase Treasuries and another nearly $300 billion for mortgage-backed securities. Pumping all that money into the economy is an engine for creating inflation.

It won’t end with QE2, though. The plan to print gobs of money is open-ended. Late last year, the Fed said it will “regularly review the pace of its securities purchases and the overall size of the asset-purchase program in the light of incoming information and will adjust the program as needed.”

As Lew Rockwell noted with tongue firmly planted in cheek, it makes sense to refer to it as QE[n], because the Fed has hinted it will soon begin QE3.

These various attempts to restore the inebriated happy time have unpredictable and uncontrollable effects,” said Rockwell in mid-March. “Bernanke would drive us right into hyperinflation to save his industries. Savers living on pensions just don’t have the political clout to stop the money machine,” he added.

“Inflation is when they print the money and create the credit out of thin air,” Paul told Jones and his audience, “and then the price increases come afterwards.”

Both gold and silver reached stellar new highs today based on fears that the central bank’s monetary policies will lead to an increase in interest rates in response to galloping inflation. Both China and the EU ratcheted up their interest rates modestly this week.

Paul noted that the record-breaking rise in the price of gold is a barometer pointing to the fact that the dollar continues to decrease in value. Gold, he said, is the ultimate test to determine the state of the dollar. “Devaluation, it’s not good for anybody.”

In addition to base metals, the price of other commodities – particularly oil and food – have shot through the stratosphere and give no indication of coming back down to earth anytime soon.

An op-ed posted on the NASDAQ website calls current Fed boss Bernanke a myopic Dr. Frankenstein who created the inflation monster now ravaging the world economy. “Frankenstein had his monster and Ben has his and his monster is commodity price inflation,” writes Phil Flynn. “Fed Chairman Ben Bernanke might not see what is coming,” that is to say interest rate increases from China and Europe and inflation on gasoline and food prices.

As Alex Jones noted during the interview, warnings about inflation are coming from all quarters, most recently from Wal-Mart CEO Bill Simon, who said there will be “serious” inflation in the months ahead for clothing, food and other products.

In October of 2008, as Congress was poised to bail out the bankers, Ron Paul criticized his colleagues for misunderstanding the real causes of the financial crisis and reacting in a way that ultimately deepened and prolonged the inevitable slide into depression. “The financial bubble created by the excessive credit and the lowering of the interest rates is the cause of the recession,” Paul explained. “The recession and/or depression will come, my sincere conviction is that by doing more mischief and not allowing markets to adjust, debt to liquidate, you’re going to guarantee a depression.”

“The solution to inflation is not having a Federal Reserve run by somebody like Bernanke,
” Paul said as he concluded his interview with Alex Jones.

Paul is currently the chairman of the House Subcommittee on Domestic Monetary Policy and is in a position to rake Bernanke over the coals in the months ahead as the bankster created Frankenstein monster of inflation ravages the nation.

http://www.infowars.com/ron-paul-gold-commodity-prices-big-event-signaling-economic-collapse/

Shaken: 10 Economic Disasters Which Threaten To Rip World Financial Markets To Shreds

Shaken: 10 Economic Disasters Which Threaten To Rip World Financial Markets To Shreds

Yes, things really are that bad. The mainstream media has been really busy downplaying the economic impact of the disaster in Japan and the chaos in the Middle East, but the truth is that these events have huge implications for the global economy. Today our world is more interconnected than ever, so economic pain in one area of the planet is going to have a significant effect on other areas of the globe.

Falling World Economy - Abstract Painting

The following are 10 economic disasters which could potentially rip world financial markets to shreds….

#1 War In Libya

Do you think that the “international community” would be intervening in Libya if they did not have a lot of oil? If you actually believe that, you might want to review the last few decades of African history. Millions upon millions of Africans have been slaughtered by incredibly repressive regimes and the “international community” did next to nothing about it.

But Libya is different.

Libya is the largest producer of oil in Africa.

Apparently the revolution in Libya was not going the way it was supposed to, so the U.S. and Europe are stepping in.

Moammar Gadhafi is vowing that this will be a “long war”, but the truth is that his forces don’t stand a chance against NATO.

Initially we were told that NATO would just be setting up a “no fly zone”, but there have already been reports of Libyan tank columns being assaulted and there has even been an air strike on Moammar Gadhafi’s personal compound in Tripoli.

So since when did a “no fly zone” include an attempt to kill a foreign head of state?

Let there be no mistake – the moment that the first Tomahawk cruise missiles were launched the United States declared war on Libya.

Already the Arab League, India, China and Russia have all objected to how this operation is being carried out and they are alarmed about the reports of civilian casualties.

Tensions around the globe are rising once again, and that is not a good thing for the world economy.

On a side note, does anyone recall anyone in the Obama administration even stopping for a moment to consider whether or not they should consult the U.S. Congress before starting another war?

The U.S. Constitution specifically requires the approval of the Congress before we go to war.

But very few people seem to care too much about what the U.S. Constitution says these days.

In any event, the flow of oil out of Libya is likely to be reduced for an extended period of time now, and that is not going to be good for a deeply struggling global economy.

#2 Revolutions In The Middle East

Protests just seem to keep spreading to more countries in the Middle East. On Friday, five Syrian protesters were killed by government forces in the city of Daraa. Subsequently, over the weekend thousands of protesters reportedly stormed government buildings in that city and set them on fire.

Things in the region just seem to get wilder and wilder.

Even in countries where the revolutions are supposed to be “over” there is still a lot of chaos.

Have you seen what has been going on in Egypt lately?

The truth is that all of North Africa and nearly the entire Middle East is aflame with revolutionary fervor.

About the only place where revolution has not broken out is in Saudi Arabia. Of course it probably helps that the United States and Europe don’t really want a revolution in Saudi Arabia and the Saudis have a brutally effective secret police force.

In any event, as long as the chaos in the Middle East continues the price of oil is likely to remain very high, and that is not good news for the world economy.

#3 The Japanese Earthquake And Tsunami

Japan is the third largest economy in the world. When a major disaster happens in that nation it has global implications.

The tsunami that just hit Japan was absolutely unprecedented. Vast stretches of Japan have been more thoroughly destroyed than if they had been bombed by a foreign military power. It really was a nation changing event.

The Japanese economy is going to be crippled for an extended period of time. But it is not just Japan’s economy that has been deeply affected by this tragedy.

According to the Wall Street Journal, the recent disaster in Japan has caused supply chain disruptions all over the globe….

A shortage of Japanese-built electronic parts will force GM to close a plant in Zaragoza, Spain, on Monday and cancel shifts at a factory in Eisenach, Germany, on Monday and Tuesday, the company said Friday.

Not only that, GM has also suspended all “nonessential” spending globally as it evaluates the impact of this crisis.

The truth is that there are a whole host of industries that rely on parts from Japan. Supply chains all over the world are going to have to be changed as a result of this crisis. There are going to be some shortages of certain classes of products.

Japan is a nation that imports and exports tremendous quantities of goods. At least for a while both imports and exports will be significantly down, and that is not good news for a world economy that was already having a really hard time recovering from the recent economic downturn.

#4 The Japan Nuclear Crisis

Even if the worst case scenario does not play out, the reality is that the crisis at the Fukushima Dai-ichi nuclear plant is going to have a long lasting impact on the global economy.

Already, nuclear power projects all over the world are being rethought. The nuclear power industry was really starting to gain some momentum in many areas of the globe, but now that has totally changed.

But of much greater concern is the potential effect that all of this radiation will have on the Japanese people. Radiation from the disaster at the Fukushima Dai-ichi nuclear plant is now showing up in food and tap water in Japan as an article on the website of USA Today recently described….

The government halted shipments of spinach from one area and raw milk from another near the nuclear plant after tests found iodine exceeded safety limits. But the contamination spread to spinach in three other prefectures and to more vegetables — canola and chrysanthemum greens. Tokyo’s tap water, where iodine turned up Friday, now has cesium.

Hopefully the authorities in Japan will be able to get this situation under control before Tokyo is affected too much. The truth is that Tokyo is one of the most economically important cities on the planet.

But right now there is a lot of uncertainty surrounding Tokyo. For example, one very large German real estate fund says that their holdings in Tokyo are now “impossible to value” and they have suspended all customer withdrawals from the fund.

Once again, let us hope that a worst case scenario does not happen. But if we do get to the point where most of the population had to be evacuated from Tokyo for an extended period of time it would be absolutely devastating for the global economy.

#5 The Price Of Oil

Most people believe that the U.S. dollar is the currency of the world, but really it is oil. Without oil, the global economy that we have constructed simply could not function.

That is why it was so alarming when the price of oil went above $100 a barrel earlier this year for the first time since 2008. Virtually everyone agrees that if the price of oil stays high for an extended period of time it will have a highly negative impact on the world economy.

In particular, the U.S. economy is highly, highly dependent on cheap oil. This country is really spread out and we transport goods and services over vast distances. That is why the following facts are so alarming….

*The average price of a gallon of gasoline in the United States is now 75 cents higher than it was a year ago.

*In San Francisco, California, the average price of a gallon of gasoline is now $3.97.

*According to the Oil Price Information Service, U.S. drivers spent an average of $347 on gasoline during the month of February, which was 30 percent more than a year earlier.

*According to the U.S. Energy Department, the average U.S. household will spend approximately $700 more on gasoline in 2011 than it did during 2010.

#6 Food Inflation

Many people believe that the rapidly rising price of food has been a major factor in sparking the revolutions that we have seen in Africa and the Middle East. When people cannot feed themselves or their families they tend to lose it.

According to the United Nations, the global price of food hit a new all-time high earlier this year, and the UN is expecting the price of food to continue to go up throughout the rest of this year. Food supplies were already tight around the globe and this is certainly not going to help things.

The price of food has also been going up rapidly inside the United States. Last month the price of food in the United States rose at the fastest rate in 36 years.

American families are really starting to feel their budgets stretched. According to the U.S. Labor Department, the cost of living in the United States hit a brand new all-time record high in the month of February.

What this means is that U.S. families are going to have less discretionary income to spend at the stores and that is bad news for the world economy.

#7 The European Sovereign Debt Crisis

Several European governments have had their debt downgraded in the past several months. Portugal, Spain, Greece and Ireland are all in big time trouble. Several other European nations are not far behind them.

Right now Germany seems content to bail the “weak sisters” in Europe out, but if that changes at some point it is going to be an absolute nightmare for world financial markets.

#8 The Dying U.S. Dollar

Right now there is a lot of anxiety about the U.S. dollar. Prior to the tsunami, Japan was one of the primary purchasers of U.S. government debt. In fact, Japan was the second-largest foreign buyer of U.S. Treasuries last year.

But now as Japan rebuilds from this nightmare it is not going to have capital to invest overseas. Someone else is going to have to step in and buy up all of the debt that the Japanese were buying.

Not only that, but big bond funds such as PIMCO have announced that they are stepping away from U.S. Treasuries at least for now.

So if Japan is not buying U.S. Treasuries and bond funds such as PIMCO are not buying U.S. Treasuries, then who is going to be buying them?

The U.S. government needs to borrow trillions of dollars this year alone to roll over existing debt and to finance new debt. All of that borrowing has got to come from somewhere.

#9 The U.S. Housing Market

The U.S. housing market could potentially be on the verge of another major crisis. Just consider the following facts….

*In February, U.S. housing starts experienced their largest decline in 27 years.

*Deutsche Bank is projecting that 48 percent of all U.S. mortgages could have negative equity by the end of 2011.

*Two years ago, the average U.S. homeowner that was being foreclosed upon had not made a mortgage payment in 11 months. Today, the average U.S. homeowner that is being foreclosed upon has not made a mortgage payment in 17 months.

*In September 2008, 33 percent of Americans knew someone who had been foreclosed upon or who was facing the threat of foreclosure. Today that number has risen to 48 percent.

#10 The Derivatives Bubble

Most Americans do not even understand what derivatives are, but the truth is that they are one of the biggest threats to our financial system. Some experts estimate that the worldwide derivatives bubble is somewhere in the neighborhood of a quadrillion dollars. This bubble could burst at any time. Right now we are watching the greatest financial casino in the history of the globe spin around and around and around and everyone is hoping that at some point it doesn’t stop. Today, most money on Wall Street is not made by investing in good business ideas. Rather, most money on Wall Street is now made by making shrewd bets. Unfortunately, at some point the casino is going to come crashing down and the game will be over.

Most people simply do not realize how fragile the global economy is at this point.

The financial crash of 2008 was a devastating blow. The next wave of the economic crisis could be even worse.

So what will the rest of 2011 bring?

Well, nobody knows for sure, but a lot of experts are not optimistic.

David Rosenberg, the chief economist at Gluskin Sheff and Associates, is warning that the second half of the year could be very rough for the global economy….

“A sharp slowing in global GDP in the second half of the year cannot be ruled out.”

Let us hope that the world economy can hold together and that we can get through the rest of 2011 okay. The last thing we need is a repeat of 2008. The world could use some peace and some time to recover.

But unfortunately, we live in a world that is becoming increasingly unstable. With the way that the world has been lately, perhaps we should all just start to expect the unexpected.

But world financial markets do not respond well to instability and unpredictability. In fact, investors tend to start fleeing to safety at the first signs of danger these days.

Most Americans simply have no idea how vulnerable the world financial system is at this point. Nothing really got “fixed” after 2008. If anything, global financial markets are even more fragile than they were back then.

So what do all of you think about the state of the global economy? Please feel free to leave a comment with your opinion below….

http://theeconomiccollapseblog.com/archives/shaken-10-economic-disasters-which-threaten-to-rip-world-financial-markets-to-shreds

The Silver Door is Closing

The Silver Door Is Closing

By Silver Shield, on March 13th, 2011

I have a little theory that I’ve been kicking around for a couple of years. The theory is that there will come a time that you will not be able to buy silver at any price. It will not be because there is not any silver around to be purchased or that silver will not have any value. I think that we won’t be able to buy silver at any price because there will be a very sudden and a very dramatic shift in the perception of silver’s value. A time will come when the value of silver is so strong and the value of the dollar so weak, that only a fool would ever trade silver for the dollar.

I have stated in many previous articles that silver is the Achilles Heel of the Global Power structure. This honest money will not only bring down the fraudulent banking system, but it will bring down all of the forces that are a scourge to humanity. You see, without a corrupt monetary system, trillions of dollars will not be available to fight needless wars, fund Wall St schemes and a myriad of other horrible events.

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Right now, we have two separate forces fighting over a precious, limited and diminishing resource called silver. In one corner, we have the Elite that know that they have Quadrillions in paper assets riding on the perceived value of the dollar. They use that wealth to control politicians, armies, natural resources, medias, corporations, capital markets and ultimately you. They can sustain unlimited paper losses to keep the game going. The problem for them is that their infinite money is running into a very finite world, especially in silver.

In the other corner is an increasingly Aware group of people, that know that the end is near for the dollar. Fathers are worrying about how to secure their family’s future and mothers are concerned about rising food and fuel costs. Business owners are starting to see that they need to protect their assets. Investors are worried about rigged markets and inflation destroying their returns. Corporations are becoming increasingly aware that their market capitalization might be at risk if they do not have the materials necessary to make their products. Even nations like China are seeing the value of this strategic resource. This Aware group sees that owning tangible assets is the best strategy to not only defeat this enslaving system, but also to protect their wealth. No other tangible asset in the world is as attractive as real, physical silver. (Read the Silver Bullet and the Silver Shield.)

The Elite use a multi-pronged attack on silver to hold it down. All of their weapons are nothing more than paper tigers. The Aware have found that by taking physical delivery of silver, the Elite’s powerful weapons are rendered useless. Actually even worse than useless, these paper weapons actually help the Aware to buy more physical silver at discounted and subsidized prices, hastening the Elite’s ultimate demise. Keep those shorts coming and we will keep stacking!

As a result of this battle, the CRIMEX now has less than half of what it had in registered inventory than it did at the bottom of the Bear Trap of 2008. In July of 2008 there were 87 million ounces in the registered CRIMEX vaults. Today, there is just over 40 million ounces left. The trend line is dramatically down even as the price of silver spikes up. Less than $1.5 billion would empty the CRIMEX of the last bit of silver at current prices. With no silver to deliver, the jig is up for the Elite.

The Silver Door is closing on this game and I feel it could happen by the end of this month. I made the prediction that silver would be $50 by the end of March but I also said that it might not be available at any price. Both of these predictions center around a physical silver default at the CRIMEX. This would be the equivalent to a bank run where people turn in their receipts/contracts to get their money/silver only to find out that there are much more receipts/contracts than there is money/silver. We all know that banks run on a fractional reserve banking system. According to whistle blower Andrew Maguire, the CRIMEX/LBMA are trading 45 to 1 paper versus real metal. Got physical?

The first part of my prediction may have already come true with $50 silver according to this article. It was reported that Blythe Masters offered a deal that no trader could refuse. She offered an 80% premium NOT to take physical delivery of silver in March. The trader was told that JP Morgan could not deliver 20 million ounces (4,000 contracts) and that if the trader did not take this pay off, they would be left holding the bag as an unsecured creditor. Vito Corleone would have been proud of Blythe with this offer. Of course this is all rumors at this point, but where there is smoke, there is fire.

Another interesting twist in this silver saga is noted in this article form Along the Watchtower. There are claims that JP Morgue, through silver derivative bets, could have exponential loses when silver goes above $36. They estimate that if silver goes to $50 they might be out $40 billion. And that is IF they don’t cover their shorts! The article claims JPM has a $170 billion market cap with $40 billion in cash. That means if silver goes to $50, JPM will be insolvent. (That is IF the Fed doesn’t give them their own QE3 or IF JP Morgue does not set up Enron like banks to dump these bad positions into in the Caribbean.)

We can see the inventory of silver they are able to deliver is depleting, which is one side of the closing door. The other side of the closing door is as the silver’s price rises, the more silver goes into Aware hands. The further the price of silver rises, the larger the floor there is for the silver market. Buying silver is not like buying a stock, bond or any other asset. It almost has a cult like following that is growing stronger every day. Some buy for the financial opportunities. Some buy as a way to “stick it to the man.” Some buy for the honesty of the money. Some buy as a preservation of wealth. For me, it is a shot in the next American Revolution for freedom. There are hundreds of reasons to buy silver but very few reasons to ever sell for dirty green pieces of paper with “all seeing eyes.”

The total amount of silver production sold short between the 8 largest banks equals 150 days of world silver production. If silver starts marching up and these banks are forced to not only cover their paper shorts, but also deliver the real physical silver, this will cause the largest short squeeze the world has ever seen. This will cause severe dislocations in the world’s economy to say the least. I believe will coincide with a crash in all of the world’s fiat currencies. At that point the Silver Door will then be closed.

Sooner or later the silver door will be shut, as all of the physical silver sits in the hands of the Aware. The Aware will not sell until a new paradigm of freedom comes into existence. They will not care about a world wide military empire. They will not care about public pensions. They will not care about vampire squid banks on Wall St. They will not care about sock puppet politicians and their budgets. They will not care about propaganda from controlled media. They will hold, because they will then have the power.

“He who has the silver, makes the rules.” -Chris Duane

When the Silver Door is closed, you will hear a deafening silence from around the world. When there is a silver default on the CRIMEX, the Elite will be forced to admit that they have been playing a huge game of illusion. Everyone will then know the world has changed, forever. Those who do have silver will be awe struck at their new found wealth they now have. They will have hit the lottery because the real purchasing power of their silver will rise astronomically. They might be able to trade 1 ounce of silver for 1 ounce of gold. They might be able to pay off their mortgage with a few ounces of silver. They may be able to buy the entire Dow Jones share for a handful of silver.

“It is better to be 6 years too early than 1 day too late on this silver rocket.” -Chris Duane

I believe that we are in the beginning of a Mania Phase in this silver bull market as I said in my article the Silver Rocket. If we are in the Mania Phase, the game has changed already. Things that worked in the past will no longer work in the future. Traders that don’t see this sea change will either be left off of the rocket or burned. Those that short silver with leverage in the Mania Phase will be wiped out as the market stays irrational longer than they can stay solvent. Ultimately these silver shorts are the ones that will send silver to the moon because they HAVE to buy or risk bankruptcy.

Silver traders may sell silver at a “top”. When they see the silver price keep going higher, they will get back into the market buying less silver for more money. They will learn this hard lesson once. When they get back into the silver market they will stay in.

I have had my run ins with more than one silver trader who has said that it is frothy and it time to short silver. The very well respected David Morgan thinks we are going to have a pull back in silver. Even one of my favorite analysts of the silver market, Adam Hamilton of Zealllc., is saying we are in unprecedented territory as silver is 50% over its 200dma. Even the very fact that I am spending so much time talking about silver in this delivery month of March, would seem very bubble like. For the reasons stated above and many more, I think we could be seeing the Silver Door closing. If that is the case, then these traders could be in a very dangerous space.

I would caution traders that silver has or will decouple from the control of the Elite into the hands of the Aware. If you are taking “FRN profits”, that is one thing. If you are shorting silver, like some guys I know, be prepared to be swept up in the largest short squeeze of all time. (Remember, you don’t have the luxury of the Fed’s printing press to back you up.) If we are truly in the Mania Phase of the Silver Rocket, there might not be a way back into the market.

I would also caution silver buyers, do not ever use leverage in this most volatile of commodities. Stick to physical silver in your possession only. I watched my holdings take a 60% hit in 2008. Thankfully I was in physical and knew enough to buy more when silver was on sale. If I were buying today and did not have a single ounce, I would be buying a good first shot right now to have something. I recommend averaging in on a weekly or monthly basis. Think of it as just trading your fake digital and paper money for the real stuff and it becomes less scary. Find your own comfort level and do your own due diligence. And for Pete’s sake, don’t panic if a hit does come. (It looks like they tried last Thursday and Friday. All of that work shorting silver got reversed in a few hours to finish 1.7% higher.)

If silver does what it did in 2008 and dumped 60%, would you have enough confidence in buying more or would you be selling into that trap? If you said you would be selling, then don’t buy now or ever, because you are weak handed. You will have your money taken from you and be left with no metal. How sad.

If that happened again would you actually be a little excited to buy more at a discounted price? Then get going and buy now. Be sure leave some powder dry for the smack downs. 10 am EST seems to be a good time to buy just about everyday thanks to Blythe…

I will sleep soundly regardless if silver dumps or moon shots in the near term. I have seen this movie before and I know the ending. All of the dramatic plot twists mean nothing to me. In the end, the good guys ride off into the sunset with their girls, guns, and sacks of silver.
Wake Some People Up!

http://dont-tread-on.me/the-silver-window-is-closing/